Document:

Exhibit

January 4, 2016

James C. Borel
1012 Wylie Road
West Chester, PA 19382

Dear Jim:

This is to confirm our agreement regarding your departure from E. I. du Pont de Nemours and Company (“DuPont”) and its subsidiaries and affiliates (together with DuPont, the “Company Group”).  In consideration of the mutual promises and undertakings set forth herein, and other good and valuable consideration, we have agreed as follows:

		
	1.
	You will remain an employee of a member of the Company Group through March 31, 2016 (“Date of Termination”).  You will report to work on your customary basis through January 4. 2016.  After January 4, 2016, you will no longer come to your office.

		
	2.
	DuPont agrees to provide to you the payments and distributions described in Exhibit “A” attached hereto, which is made a part hereof.

		
	3.
	Except as otherwise provided herein, this agreement does not affect in any way your rights under any benefit plans of the Company Group in which you participate, and your rights under those plans will be governed by the terms thereof.

		
	4.
	You will be eligible for a non-prorated 2015 STIP award, payable in February 2016, based on final company and individual performance.  You will also be entitled to a pro-rated short-term incentive award for services performed during 2016 as described in Exhibit A hereto.

		
	5.
	You will not be eligible to receive a 2016 long-term incentive grant.

		
	6.
	Provided that you execute a release of claims in the form attached at Exhibit C hereto on or within forty-five (45) days following your Date of Termination (and do not subsequently revoke your consent to such release pursuant to the terms thereof), and subject to your compliance with the terms of this agreement, in the event that the transactions contemplated by the Agreement and Plan of Merger by and among The Dow Chemical Company, Diamond-Orion Holding, Inc., Diamond Merger Sub, Inc., Orion Merger Sub, Inc. and DuPont dated as of December 11, 2015 (as it may be amended from time to time, the “Merger Agreement”) are consummated on or before February 28, 2018, you will be entitled to certain additional compensation and benefits as described in Exhibit “B” attached hereto, which is made a part hereof. 

		
	7.
	Unless you first obtain DuPont’s written consent, you will not disclose or use at any time any trade secret, technical or nontechnical confidential information of the Company Group of which you become aware either before or after your departure from DuPont, except where such disclosure is required by law.  

		
	8.
	For a period of one year following the termination of your employment, you will not hire, recruit, solicit or induce, or cause, allow, permit or aid others to hire, recruit, solicit or induce, any employee of the Company Group who possesses confidential information of the Company to terminate his or her employment with the Company and/or to seek employment with you or your new or prospective employer.

		
	9.
	For a period of one year following the termination of your employment, you will not engage in activities which are entirely or in part the same as or similar to activities in which you engaged at any time during the two years preceding termination of your employment with the Company Group for any person, company or entity in connection with products or services (existing or planned) that are entirely or in part the same as, similar to, or competitive with, any products or services (existing or planned) on which you worked at any time during the two years preceding termination of your employment.

		
	10.
	You agree not to make any statements that are public, or likely to become public, disparaging the Company Group, their products or services, or their officers, directors or managers. DuPont agrees that it will use reasonable efforts to ensure its officers, directors or managers do not make any statements that are public, or likely to become public, disparaging you.

		
	11.
	You waive, release and forever discharge the Company Group and their officers, directors, agents and employees, and its and their successors, assigns, heirs, executors and administrators, in their individual and representative capacities, from any and all current common law or statutory claims or causes of action relating to your employment or your departure, including, but not limited to, claims relating to local, state or federal anti-discrimination statutes, specifically including, but not limited to, the Employee Retirement Income Security Act of 1974, as amended; Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment Act, as amended, specifically including the Older Worker Benefit Protection Act; the Americans with Disabilities Act; the Sarbanes-Oxley Act of 2002, as amended; the Delaware Discrimination in Employment Act; the Delaware Handicapped Persons Protections Act; and the Delaware Whistleblowers’ Protection Act.  Nothing in this agreement shall be construed to prohibit you from filing a charge with or participating in an investigation of the Equal Employment Opportunity Commission or a comparable state or local agency; provided, you agree that you waive your right to recover monetary damages in any proceeding relating to the matters released in this paragraph 11. 

		
	12.
	Your release, as indicated by your signature, is tendered voluntarily and independently.  You acknowledge that DuPont has advised you, and you have been given the opportunity to discuss this release and this offer of consideration with counsel of your choice prior to your execution of this agreement.  This agreement is being offered to you in connection with an exit incentive or other termination program. In accordance with 29 C.F.R. § 1625.22,  attached hereto as Attachment 1 is a listing of the ages and job titles of persons who were selected for this exit incentive or other termination program and persons in the same decisional unit who were not selected for this exit incentive  or other termination program.  You understand that no promise, inducement or agreement has been offered to you except as provided in this agreement.  You agree that in making your decision whether to enter into this agreement, you have relied on only the information contained in this agreement, and that you have not relied on extrinsic information in making your decision.  DuPont does not represent or guarantee that any particular federal or state income, payroll, personal property or other tax consequence will result from this agreement.  You should consult with professional tax advisors to determine the tax consequences of this agreement.  This agreement constitutes the entire agreement between you and DuPont, and any prior agreements, oral or in writing, are invalid upon execution of this document with the express exception of your Employee Agreement, which remains in full force and effect.

		
	13.
	You have forty-five (45) days to consider whether to accept this agreement.  Whenever you sign the agreement, you will have up to seven (7) days after signing it within which you may revoke your acceptance by notifying us in writing at the following:

Kim Wallenhorst
Director, Human Resources
974 Centre Road
Wilmington, DE 19805

		
	14.
	The invalidity or unenforceability of any provision of this agreement will not affect the validity or enforceability of any other provision of this agreement.

		
	15.
	This agreement will be governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of conflict of laws.

		
	16.
	This agreement may be modified only in a writing signed by both parties.

		
	17.
	This agreement shall not become effective or enforceable until the eighth (8th) day after you sign it, provided you have not earlier revoked the agreement pursuant to paragraph 13 above.  If you do not sign this agreement, or in the event of such revocation, except for compensation and benefits to which you are already entitled (including benefits under the Career Transition Financial Assistance Plan, accrued salary, accrued but unpaid vacation, COBRA coverage and vested and accrued retirement benefits) or to the extent otherwise required by applicable law, you will not be entitled to the compensation and benefits described in Exhibit A or B hereto.  Moreover, unless, not later than forty-five (45) days following your Date of Termination, you execute, and do not subsequently revoke in accordance therewith, a release in the form attached hereto as Exhibit C, you will not be eligible for the compensation and benefits described in Exhibit B hereto pursuant to paragraph 6 above.

Please contact Kim Wallenhorst, Director, Human Resources, if you have any questions.  

You should acknowledge your agreement to the foregoing by signing and dating this letter in the space provided below and returning it to me.

We wish you the very best in your future endeavors.

Respectfully yours,

Benito Cachinero
SVP Human Resources

ACKNOWLEDGED AND AGREED:

/s/ James C. Borel______________    
Employee Signature

James C. Borel_________________
Printed Name

January 18, 2016_______________    
Date

EXHIBIT “A”

James C. Borel

	
		
	Separation Date
	March 31, 2016

	 
	 

	Career Transition Financial Assistance Plan (CTFAP)
	Eligible for 12 months base pay, plus 12 months STIP (“CTFAP Benefit”).  Payments made monthly. 

	 
	 

	2016 Short-Term
Incentive
	Eligible for pro-rated 2016 STIP award.  Award will be prorated 3 months based on 100% of base salary; final award determination will be based on corporate performance. (together with the CTFAP Benefit, “Other Severance”)

	 
	 

	Long-Term Incentives 
	In accordance with Award Terms of applicable plan(s), subject to paragraph 6 of the letter of which this Exhibit A is a part.

	 
	 

	Health Care
	Health care coverage will continue through your date of separation.  After separation, retirement-eligible employees begin participating in the Medical Care Assistance Program and the Dental Assistance Plan, which are the DuPont medical and dental plans for retirees. Your coverage continues at the same coverage level that you elected as an active employee. For pre-Medicare retirees and dependents, your coverage is through DuPont and you pay the active employee premium for the first 12 months. Medicare-eligible retirees and dependents receive a Health Reimbursement Arrangement account, as described in the Medical Care Assistance Program summary plan description.

	 
	 

	Vacation Payment
	DuPont will pay you any remaining 2016 vacation and any banked vacation related to prior years’ service.

	 
	 

	DuPont Savings and Investment Plan (including restoration plans)
	Entitled to any balances in DuPont Savings and Investment Plan and associated restoration plan.

	 
	 

	Deferred Compensation 
	Entitled to any balances in the deferred compensation accounts.  Account balance will be paid out in accordance with the terms of the plan.

	 
	 

	Taxes
	Applicable taxes will be withheld from all payments and distributions.

	 
	 

	Outplacement Assistance
	Ninety days of outplacement assistance will be provided through Right Associates.

	 
	 

	Educational Training Allowance
	Entitled to $5,000 allowance for educational training over a two-year period.

	
		
	 
	 

	Ayco Financial Counseling
	Your participation in DuPont’s Executive Financial Counseling Program through The Ayco Company will continue through your date of separation.  You may continue to participate in the program up to one-year following your separation.  As a participant your income will be imputed accordingly and will be included in your gross income and subject to all applicable tax withholdings.

	 
	 

	 
	 

EXHIBIT “B”

James C. Borel

Additional Cash Severance

Within sixty (60) business days following the closing of the transactions contemplated by the Merger Agreement, DuPont shall provide you with a lump-sum cash payment equal 
(i)the product of the Base Severance Payment and two; plus

(ii)the product of (A) the Target Annual Bonus and (B) a fraction, the numerator of which is the number of days elapsed in the calendar year in which occurs the Date of Termination, through and including the Date of Termination, and the denominator of which is 365; less

(iii)Other Severance

For purposes of this Exhibit B the following definitions shall apply:

"Base Salary" shall mean your annual base salary as in effect immediately prior to the Date of Termination.

"Base Severance Payment" shall mean the sum of Base Salary and Target Annual Bonus.

"Target Annual Bonus" shall mean your target annual cash bonus pursuant to any annual bonus or incentive plan maintained by the Company Group in respect of the fiscal year in which occurs the Date of Termination.

Special Stock Option Treatment

Upon the closing of the transactions contemplated by the Merger Agreement (“Closing”, and the date upon which Closing occurs, the “Closing Date”), (i) stock options that were vested as of immediately before your date of separation (as adjusted pursuant to the terms of the Merger Agreement) shall remain exercisable for the remainder of their entire original term, and (ii) stock options that were not vested as of immediately before your date of separation (as adjusted pursuant to the terms of the Merger Agreement) shall become exercisable and remain exercisable for the remainder of their entire original term.

Special Performance-Based Restricted Stock Unit Treatment

Upon Closing, any performance-based restricted stock units you hold at that time whose performance period has not ended before Closing shall be cancelled and, within sixty (60) business days following Closing, DuPont shall provide you in complete satisfaction thereof with a lump-sum cash payment equal to (i) the number of shares of DuPont common stock subject to such performance-based restricted stock units at the greater of (i) target level of performance or (ii) actual performance as of the Closing Date (and determined without regard to any pro-ration in such number of shares based on your date of separation) multiplied by (ii) the closing trading price of a share of DuPont common stock on the trading date most recently preceding the Closing Date.

Special Restricted Stock Unit Treatment (Not Performance-Based)

Upon Closing, each restricted stock unit you hold at that time whose vesting is not performance-based shall convert into 1.282 restricted stock units in respect of shares of Diamond-Orion 

Holding, Inc. or its successor (or such other number as may be the “Exchange Ratio” within the meaning of the Merger Agreement), and such restricted stock units shall be settled on their otherwise applicable terms and settlement schedule.EX-4.1

 Exhibit 4.1 

EXECUTION COPY 
  

CHASE ISSUANCE TRUST 
 as Issuing
Entity 
 and 
 WELLS FARGO
BANK, NATIONAL ASSOCIATION 
 as Indenture Trustee 
  

 
 FOURTH AMENDED
AND RESTATED 
 INDENTURE 

dated as of January 20, 2016 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	
	ARTICLE I	  
	
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  
			
	Section 1.01	 	Definitions	  	 	4	  
	Section 1.02	 	Compliance Certificates and Opinions	  	 	23	  
	Section 1.03	 	Form of Documents Delivered to Indenture Trustee	  	 	24	  
	Section 1.04	 	Acts of Noteholders	  	 	24	  
	Section 1.05	 	Notices, etc., to Indenture Trustee and Issuing Entity	  	 	26	  
	Section 1.06	 	Notices to Noteholders; Waiver	  	 	27	  
	Section 1.07	 	Conflict with Trust Indenture Act	  	 	28	  
	Section 1.08	 	Effect of Headings and Table of Contents	  	 	28	  
	Section 1.09	 	Successors and Assigns	  	 	28	  
	Section 1.10	 	Separability	  	 	28	  
	Section 1.11	 	Benefits of Indenture	  	 	28	  
	Section 1.12	 	Governing Law	  	 	28	  
	Section 1.13	 	Counterparts	  	 	29	  
	Section 1.14	 	Indenture Referred to in the Trust Agreement	  	 	29	  
	Section 1.15	 	Legal Holidays	  	 	29	  
	
	ARTICLE II	  
	
	NOTE FORMS	  
			
	Section 2.01	 	Forms Generally	  	 	30	  
	Section 2.02	 	Forms of Notes	  	 	30	  
	Section 2.03	 	Form of Indenture Trustee’s Certificate of Authentication	  	 	30	  
	Section 2.04	 	Notes Issuable in the Form of a Global Note	  	 	31	  
	Section 2.05	 	Temporary Global Notes and Permanent Global Notes	  	 	33	  
	Section 2.06	 	Beneficial Ownership of Global Notes	  	 	35	  
	Section 2.07	 	Notices to Depository	  	 	35	  
	
	ARTICLE III	  
	
	THE NOTES	  
			
	Section 3.01	 	General Title; General Limitations; Issuable in Series; Terms of a Series, Class or Tranche of Notes	  	 	36	  
	Section 3.02	 	Denominations and Currency	  	 	39	  
	Section 3.03	 	Execution, Authentication and Delivery and Dating	  	 	40	  
	Section 3.04	 	Temporary Notes	  	 	40	  
	Section 3.05	 	Registration, Transfer and Exchange	  	 	41	  
	Section 3.06	 	Mutilated, Destroyed, Lost and Stolen Notes	  	 	44	  

  
 i 

							
	Section 3.07	 	Payment of Interest; Interest and Principal Rights Preserved; Withholding Taxes	  	 	45	  
	Section 3.08	 	Persons Deemed Owners	  	 	45	  
	Section 3.09	 	Cancellation	  	 	46	  
	Section 3.10	 	New Issuances of Notes	  	 	46	  
	Section 3.11	 	Specification of Required Subordinated Amount and other Terms with Respect to each Series, Class or Tranche of Notes	  	 	48	  
	Section 3.12	 	Shared Excess Available Finance Charge Collections Groups and Other Groups	  	 	48	  
	Section 3.13	 	Unapplied Excess Finance Charge Collections	  	 	48	  
	Section 3.14	 	Unapplied Master Trust Level Excess Finance Charge Collections	  	 	49	  
	Section 3.15	 	Unapplied Master Trust Level Principal Collections	  	 	50	  
	
	ARTICLE IV	  
	
	BANK ACCOUNTS AND INVESTMENTS	  
			
	Section 4.01	 	Collections	  	 	52	  
	Section 4.02	 	Bank Accounts	  	 	52	  
	Section 4.03	 	Investment of Funds in the Bank Accounts	  	 	53	  
	
	ARTICLE V	  
	
	SATISFACTION AND DISCHARGE; CANCELLATION OF NOTES HELD BY THE ISSUING ENTITY, CHASE CARD FUNDING OR CHASE USA	   
			
	Section 5.01	 	Satisfaction and Discharge of Indenture	  	 	55	  
	Section 5.02	 	Application of Trust Money	  	 	55	  
	Section 5.03	 	Cancellation of Notes Held by the Issuing Entity, Chase Card Funding or Chase USA	  	 	56	  
	
	ARTICLE VI	  
	
	EVENTS OF DEFAULT AND REMEDIES	  
			
	Section 6.01	 	Events of Default	  	 	57	  
	Section 6.02	 	Acceleration of Maturity; Rescission and Annulment	  	 	58	  
	Section 6.03	 	Collection of Indebtedness and Suits for Enforcement by Indenture Trustee or the Collateral Agent on Behalf of the Indenture Trustee	  	 	60	  
	Section 6.04	 	Indenture Trustee or the Collateral Agent May File Proofs of Claim	  	 	60	  
	Section 6.05	 	Indenture Trustee and the Collateral Agent May Enforce Claims Without Possession of Notes	  	 	61	  
	Section 6.06	 	Application of Money Collected	  	 	62	  
	Section 6.07	 	Collateral Agent May Elect to Hold the Collateral Certificate	  	 	62	  
	Section 6.08	 	Sale of Collateral for Accelerated Notes	  	 	62	  

  
 ii 

							
	Section 6.09	 	Noteholders Have the Right to Direct the Time, Method and Place of Conducting Any Proceeding for Any Remedy Available to the Indenture Trustee or the Collateral Agent	  	 	63	  
	Section 6.10	 	Limitation on Suits	  	 	63	  
	Section 6.11	 	Unconditional Right of Noteholders to Receive Principal and Interest; Limited Recourse	  	 	64	  
	Section 6.12	 	Restoration of Rights and Remedies	  	 	64	  
	Section 6.13	 	Rights and Remedies Cumulative	  	 	64	  
	Section 6.14	 	Delay or Omission Not Waiver	  	 	64	  
	Section 6.15	 	Control by Noteholders	  	 	65	  
	Section 6.16	 	Waiver of Past Defaults	  	 	65	  
	Section 6.17	 	Undertaking for Costs	  	 	65	  
	Section 6.18	 	Waiver of Stay or Extension Laws	  	 	66	  
	
	ARTICLE VII	  
	
	THE INDENTURE TRUSTEE	  
			
	Section 7.01	 	Certain Duties and Responsibilities	  	 	67	  
	Section 7.02	 	Notice of Defaults	  	 	68	  
	Section 7.03	 	Certain Rights of Indenture Trustee	  	 	68	  
	Section 7.04	 	Not Responsible for Recitals or Issuance of Notes	  	 	69	  
	Section 7.05	 	May Hold Notes	  	 	70	  
	Section 7.06	 	Money Held in Trust	  	 	70	  
	Section 7.07	 	Compensation and Reimbursement, Limit on Compensation, Reimbursement and Indemnity	  	 	70	  
	Section 7.08	 	Disqualification; Conflicting Interests	  	 	71	  
	Section 7.09	 	Corporate Indenture Trustee Required; Eligibility	  	 	71	  
	Section 7.10	 	Resignation and Removal; Appointment of Successor	  	 	71	  
	Section 7.11	 	Acceptance of Appointment by Successor	  	 	73	  
	Section 7.12	 	Merger, Conversion, Consolidation or Succession to Business	  	 	74	  
	Section 7.13	 	Preferential Collection of Claims Against Issuing Entity	  	 	74	  
	Section 7.14	 	Appointment of Authenticating Agent	  	 	74	  
	Section 7.15	 	Tax Returns	  	 	76	  
	Section 7.16	 	Representations and Covenants of the Indenture Trustee	  	 	77	  
	Section 7.17	 	Custody of Collateral Certificates and Collateral	  	 	77	  
	Section 7.18	 	Indenture Trustee’s Application for Instructions from the Issuing Entity	  	 	77	  
	
	ARTICLE VIII	  
	
	NOTEHOLDERS’ MEETINGS, LISTS, REPORTS BY INDENTURE TRUSTEE AND ISSUING ENTITY	  
			
	Section 8.01	 	Issuing Entity To Furnish Indenture Trustee Names and Addresses of Noteholders	  	 	78	  
	Section 8.02	 	Preservation of Information; Communications to Noteholders	  	 	78	  

  
 iii 

							
	Section 8.03	 	Reports by Indenture Trustee	  	 	80	  
	Section 8.04	 	Meetings of Noteholders; Amendments and Waivers	  	 	81	  
	Section 8.05	 	Reports by Issuing Entity to the Commission	  	 	83	  
	Section 8.06	 	Monthly Noteholders’ Statement	  	 	84	  
	Section 8.07	 	Payment Instruction to Master Trust	  	 	85	  
	
	ARTICLE IX	  
	
	INDENTURE SUPPLEMENTS; AMENDMENTS TO THE POOLING AND SERVICING AGREEMENT AND AMENDMENTS TO THE TRUST AGREEMENT	   
			
	Section 9.01	 	Supplemental Indentures and Amendments Without Consent of Noteholders	  	 	86	  
	Section 9.02	 	Supplemental Indentures with Consent of Noteholders	  	 	88	  
	Section 9.03	 	Execution of Amendments and Indenture Supplements	  	 	89	  
	Section 9.04	 	Effect of Amendments and Indenture Supplements	  	 	89	  
	Section 9.05	 	Conformity with Trust Indenture Act	  	 	90	  
	Section 9.06	 	Reference in Notes to Indenture Supplements	  	 	90	  
	Section 9.07	 	Amendments to the Pooling and Servicing Agreement	  	 	90	  
	Section 9.08	 	Amendments to the Trust Agreement	  	 	91	  
	
	ARTICLE X	  
	
	REPRESENTATIONS, WARRANTIES AND COVENANTS OF ISSUING ENTITY	  
			
	Section 10.01	 	Payment of Principal and Interest	  	 	92	  
	Section 10.02	 	Maintenance of Office or Agency	  	 	92	  
	Section 10.03	 	Money for Note Payments to be Held in Trust	  	 	92	  
	Section 10.04	 	Statement as to Compliance	  	 	94	  
	Section 10.05	 	Legal Existence	  	 	94	  
	Section 10.06	 	Further Instruments and Acts	  	 	95	  
	Section 10.07	 	Compliance with Laws	  	 	95	  
	Section 10.08	 	Notice of Events of Default	  	 	95	  
	Section 10.09	 	Certain Negative Covenants	  	 	95	  
	Section 10.10	 	No Other Business	  	 	95	  
	Section 10.11	 	Rule 144A Information	  	 	95	  
	Section 10.12	 	Performance of Obligations; Servicing of Receivables	  	 	96	  
	Section 10.13	 	Issuing Entity May Consolidate, Etc., Only on Certain Terms	  	 	96	  
	Section 10.14	 	Successor Substituted	  	 	98	  
	Section 10.15	 	Guarantees, Loans, Advances and Other Liabilities	  	 	98	  
	Section 10.16	 	Capital Expenditures	  	 	99	  
	Section 10.17	 	Restricted Payments	  	 	99	  
	Section 10.18	 	No Borrowing	  	 	99	  

  
 iv 

							
	ARTICLE XI	  
	
	EARLY AMORTIZATION OF NOTES	  
			
	Section 11.01	 	Applicability of Article	  	 	100	  
	Section 11.02	 	Optional Repurchase	  	 	101	  
	Section 11.03	 	Notice	  	 	101	  
	
	ARTICLE XII	  
	
	MISCELLANEOUS	  
			
	Section 12.01	 	No Petition	  	 	103	  
	Section 12.02	 	Trust Obligations	  	 	103	  
	Section 12.03	 	Limitations on Liability	  	 	103	  
	Section 12.04	 	Tax Treatment	  	 	104	  
	Section 12.05	 	Actions Taken by the Issuing Entity	  	 	104	  
	Section 12.06	 	Alternate Payment Provisions	  	 	104	  
	Section 12.07	 	Termination of Issuing Entity	  	 	104	  
	Section 12.08	 	Final Distribution	  	 	105	  
	Section 12.09	 	Termination Distributions	  	 	105	  
	Section 12.10	 	Derivative Counterparty, Supplemental Credit Enhancement Provider and Supplemental Liquidity Provider as Third-Party Beneficiary	  	 	106	  
	Section 12.11	 	Notices	  	 	106	  
	Section 12.12	 	No Asset Pool Other Than Asset Pool One	  	 	107	  
	
	ARTICLE XIII	  
	
	COMPLIANCE WITH REGULATION AB	  
			
	Section 13.01	 	Intent of Parties; Reasonableness	  	 	108	  
	Section 13.02	 	Additional Representations and Warranties of the Indenture Trustee	  	 	108	  
	Section 13.03	 	Information to be Provided by the Indenture Trustee	  	 	108	  
	Section 13.04	 	Report on Assessment of Compliance and Attestation; Annual Certification; Notice of Repurchase Requests	  	 	109	  
	Section 13.05	 	Asset Representations Review	  	 	110	  
	Section 13.06	 	Dispute Resolution	  	 	111	  
	Section 13.07	 	Investor Communications	  	 	113	  

  
 v 

 EXHIBITS 
  

			
	 EXHIBIT A
	  	 FORM OF INVESTMENT LETTER

		
	 EXHIBIT B-1
	  	 FORM OF CLEARANCE SYSTEM CERTIFICATE TO BE GIVEN TO THE INDENTURE TRUSTEE BY EUROCLEAR OR CLEARSTREAM FOR DELIVERY OF DEFINITIVE NOTES IN EXCHANGE FOR A PORTION
OF A TEMPORARY GLOBAL NOTE

		
	 EXHIBIT B-2
	  	 FORM OF CERTIFICATE TO BE DELIVERED TO EUROCLEAR OR CLEARSTREAM BY A BENEFICIAL OWNER OF NOTES WITH RESPECT TO REGISTERED NOTES SOLD TO QUALIFIED INSTITUTIONAL
BUYERS

		
	 EXHIBIT B-3
	  	 FORM OF CERTIFICATE TO BE DELIVERED TO EUROCLEAR OR CLEARSTREAM BY A BENEFICIAL OWNER OF NOTES, OTHER THAN A QUALIFIED INSTITUTIONAL BUYER

		
	 EXHIBIT C
	  	 FORM OF ANNUAL CERTIFICATION

		
	 EXHIBIT D
	  	 SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE

		
	 EXHIBIT E
	  	 FORM OF CHASE ISSUANCE TRUST

		  	 INDENTURE TRUSTEE’S CERTIFICATE

		
	 EXHIBIT F
	  	 FORM OF REPURCHASE REQUEST CERTIFICATE

		
	 EXHIBIT G
	  	 FORM OF REVIEW NOTICE

  
 vi 

   

RECONCILIATION AND TIE BETWEEN TRUST INDENTURE 

ACT OF 1939 AND INDENTURE PROVISIONS* 

 

					
	 Trust Indenture

Act Section
	 	 Indenture Section
	 	
	  
	 	
			
	310(a)(1)      	 	 7.09
	 	
	      (a)(2)      	 	 7.09
	 	
	      (a)(3)      	 	 7.11
	 	
	      (a)(4)      	 	 Not Applicable
	 	
	      (a)(5)      	 	 7.09
	 	
	      (b)          	 	 7.08, 7.10(d)(i)
	 	
	      (c)            	 	 Not Applicable
	 	
	311(a)          	 	 7.13
	 	
	      (b)          	 	 7.13
	 	
	      (c)          	 	 Not Applicable
	 	
	312(a)          	 	 8.01
	 	
	      (b)          	 	 8.02(b)
	 	
	      (c)          	 	 8.02(c)
	 	
	313(a)          	 	 8.03(a)
	 	
	      (b)          	 	 8.03(c)
	 	
	      (c)          	 	 8.03(a), 8.03(c)
	 	
	      (d)          	 	 8.03(d)
	 	
	  314(a)          	 	 8.05,10.04
	 	
	        (b)          	 	 1.02, 3.03(d)
	 	
	        (c)(1)      	 	 1.02
	 	
	        (c)(2)      	 	 1.02
	 	
	        (c)(3)      	 	 1.02
	 	
	        (d)(1)      	 	 Not Applicable
	 	
	        (d)(2)      	 	 Not Applicable
	 	
	        (d)(3)      	 	 Not Applicable
	 	
	        (e)          	 	 1.02
	 	
	315(a)          	 	 7.01(a), 7.01(b)
	 	
	      (b)          	 	 7.02
	 	
	      (c)          	 	 7.01(c)
	 	
	      (d)          	 	 7.01(d)
	 	
	      (d)(1)      	 	 7.01(d)
	 	
	      (d)(2)      	 	 7.01(d)(ii)
	 	
	      (d)(3)      	 	 7.01(d)(iii)
	 	
	      (e)          	 	 6.17
	 	

  
 vii 

					
	316(a)(1)(A)	 	6.09	 	
	316(a)(1)(B)	 	6.16	 	
	316(a)(2)      	 	Not Applicable	 	
	316(b)          	 	6.11	 	
	316(c)          	 	Not Applicable	 	
	317(a)(1)      	 	6.03	 	
	317(a)(2)      	 	6.04	 	
	317(b)          	 	10.03(a), 10.03(b)	 	
	 318(a)          

 
	 	1.07	 	

  
 * This
reconciliation and tie shall not, for any purpose, be deemed to be part of the within indenture. 

  
 viii 

 This FOURTH AMENDED AND RESTATED INDENTURE, by and between CHASE ISSUANCE TRUST,
a statutory trust organized under the laws of the State of Delaware (the “Issuing Entity”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, in its capacity as Indenture Trustee (the “Indenture
Trustee”), is made and entered into as of January 20, 2016. 
 RECITALS OF THE ISSUING ENTITY 

WHEREAS, the Issuing Entity and the Indenture Trustee have heretofore executed and delivered an Indenture, dated as of
May 1, 2002 (as amended, supplemented or otherwise modified, the “Original Indenture”), by and between the Issuing Entity and the Indenture Trustee; 

WHEREAS, the Issuing Entity and the Indenture Trustee have heretofore executed and delivered an Amended and Restated
Indenture, dated as of October 15, 2004 (as amended, supplemented or otherwise modified, the “Amended and Restated Indenture”), by and between the Issuing Entity and the Indenture Trustee, as amended by the Amendment thereto,
dated as of February 1, 2006, by and between the Issuing Entity and the Indenture Trustee; 
 WHEREAS, the Issuing
Entity and the Indenture Trustee have heretofore executed and delivered a Second Amended and Restated Indenture, dated as of March 14, 2006 (as amended, supplemented or otherwise modified, the “Second Amended and Restated
Indenture”), by and between the Issuing Entity and the Indenture Trustee; 
 WHEREAS, the Issuing Entity and the
Indenture Trustee have heretofore executed and delivered a Third Amended and Restated Indenture, dated as of December 19, 2007 (as amended, supplemented or otherwise modified, the “Third Amended and Restated Indenture”), by and
between the Issuing Entity and the Indenture Trustee; 
 WHEREAS, Chase Card Funding LLC (“Chase Card
Funding”) was created as a Delaware limited liability company on November 1, 2015, and is governed pursuant to a Second Amended and Restated Limited Liability Company Agreement, dated as of January 20, 2016 (the “LLC
Agreement”), by Chase Bank USA, National Association, as the sole member (“Chase USA”), in accordance with the provisions of the Delaware Limited Liability Company Act; 

WHEREAS, Chase Card Funding desires to enter into this Indenture, undertake all of the rights and obligations of the
Transferor and the Beneficiary of the Issuing Entity under the terms of this Indenture and assume the rights and obligations of Chase USA as Transferor under the Transfer and Servicing Agreement and as Beneficiary of the Issuing Entity under the
Trust Agreement; 
 WHEREAS, the Issuing Entity and the Indenture Trustee desire to amend and restate the Third Amended and
Restated Indenture to read in its entirety as set forth below; and 

  
 1 

 WHEREAS, all conditions precedent to the execution of this Indenture have been
complied with; 
 NOW, THEREFORE, the Issuing Entity and the Indenture Trustee hereby agree that effective on and as of the
date hereof, the Third Amended and Restated Indenture is hereby amended and restated in its entirety as follows: 
 PRELIMINARY STATEMENT

 The Issuing Entity has duly authorized the execution and delivery of this Indenture to provide for the issuance of its
notes to be issued in one or more fully registered or bearer Series, Classes or Tranches. 
 All things necessary to make
this Indenture a valid agreement of the Issuing Entity, in accordance with its terms, have been done. 

  
 2 

 GRANTING CLAUSE 

Pursuant to the Asset Pool One Supplement, the Issuing Entity has and shall grant to the Collateral Agent (the
“Secured Party”) for Asset Pool One for the benefit and security of (a) the Noteholders secured by Asset Pool One, (b) the Indenture Trustee, in its individual capacity and (c) the Collateral Agent, in its individual
capacity, a security interest in all of its right, title and interest, whether now owned or hereafter acquired, in and to, the Collateral specified in the Asset Pool One Supplement. 

The security interest in the Collateral designated for inclusion in an Asset Pool is granted to secure the Notes issued with
respect to that Asset Pool (and the obligations under this Indenture, the Asset Pool One Supplement and the related Indenture Supplement) equally and ratably without prejudice, priority or distinction between any Note and any other Note that is
expressly secured by Asset Pool One by reason of difference in time of issuance or otherwise, except as otherwise expressly provided in this Indenture, or in an Indenture Supplement which establishes any Series, Class or Tranche of Notes, and to
secure (i) the payment of all amounts due on such Notes in accordance with their terms, (ii) the payment of all other sums payable by the Issuing Entity under this Indenture or any Indenture Supplement relating to such secured Notes and
(iii) compliance by the Issuing Entity with the provisions of this Indenture or any Indenture Supplement or the Asset Pool One Supplement relating to such Notes. This Indenture, as may be supplemented, including by the Asset Pool One
Supplement, is a security agreement within the meaning of the UCC. 
 The Indenture Trustee acknowledges the grant of such
Security Interest, and agrees to perform the duties herein such that the interests of the Noteholders secured by Asset Pool One may be adequately and effectively protected. 

Particular Notes, Derivative Agreements, Supplemental Credit Enhancement Agreements and Supplemental Liquidity Agreements
will benefit from the Security Interest to the extent (and only to the extent) proceeds of and distributions on the Collateral are allocated for their benefit pursuant to this Indenture, the Asset Pool One Supplement and the applicable Indenture
Supplement. 
 AGREEMENTS OF THE PARTIES 

To set forth or to provide for the establishment of the terms and conditions upon which the Notes are to be authenticated,
issued and delivered, and in consideration of the premises and the purchase of Notes by the Holders thereof, it is mutually covenanted and agreed as follows, for the equal and proportionate benefit of all Holders of the Notes of a Series, Class or
Tranche thereof, as the case may be: 
 LIMITED RECOURSE 

The obligation of the Issuing Entity to make payments of principal, interest and other amounts on the Notes and to make
payments in respect of Derivative Agreements, Supplemental Credit Enhancement Agreements or Supplemental Liquidity Agreements, as applicable, is limited in recourse as set forth in Section 6.11. 

  
 3 

 ARTICLE I 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 1.01    Definitions. For all purposes of this Indenture and of any Indenture
Supplement, except as otherwise expressly provided or unless the context otherwise requires: 

(a)     With respect to any Series, all terms used herein and not otherwise defined herein shall
have meanings ascribed to them in the Trust Agreement, the Transfer and Servicing Agreement, the Asset Pool One Supplement or the related Indenture Supplement, as applicable. 

(b)     All terms defined in this Indenture shall have the defined meanings when used in any
certificate or other document made or delivered pursuant hereto unless otherwise defined therein. 

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

(d)     Unless otherwise specified, references to any amount as on deposit or outstanding on any
particular date shall mean such amount at the close of business on such day. 
 (e)     The words
“hereof,” “herein,” “hereunder” and words of similar import when used in this Indenture shall refer to this Indenture as a whole and not to any particular provision of this Indenture; references to any Article,
subsection, Section, clause, Schedule or Exhibit are references to Articles, subsections, Sections, clauses, Schedules and Exhibits in or to this Indenture 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. 

(f)     Whenever this Indenture refers to a provision of the Trust Indenture Act, the provision is
incorporated by reference in and made a part of this Indenture. The following Trust Indenture Act terms used in this Indenture have the following meanings: 

“indenture securities” means the Notes. 

  
 4 

 “indenture security holder” means a Noteholder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Indenture Trustee. 

“obligor” on the indenture securities means the Issuing Entity and any other obligor on the
indenture securities. 
 All other Trust Indenture Act terms used in this Indenture that are defined by the
Trust Indenture Act, defined by Trust Indenture Act reference to another statute or defined by Commission rule have the meaning assigned to them by such definitions. Notwithstanding anything to the contrary contained herein (1) this Indenture
will be qualified under the Trust Indenture Act and (2) if it is no longer necessary for this Indenture to be qualified under the Trust Indenture Act, then all references to the Trust Indenture Act hereunder shall be inapplicable to this
Indenture. 
 (g)     In the event that the UCC, as in effect on the date hereof, is revised, any
reference herein to specific sections of the UCC shall be deemed to be references to any such successor sections. 

(h)     Whenever used in this Indenture, the following words and phrases shall have the following
meanings, and the definitions of such terms and phrases are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and the neuter genders of such terms: 

“Act” has, when used with respect to any Noteholder, the meaning specified in subsection 1.04(a). 

“Action” has, when used with respect to any Noteholder, the meaning specified in subsection 1.04(a).

 “Adjusted Outstanding Dollar Principal Amount” means at any time during a Monthly Period with respect
to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account,
as applicable, for the benefit of such Series, Class or Tranche of Notes at such time. 
 “Adverse Effect”
means, whenever used in this Indenture with respect to any Series, Class or Tranche of Notes with respect to any Action, that such Action will at the time of its occurrence (a) result in the occurrence of an Early Amortization Event or Event of
Default relating to such Series, Class or Tranche of Notes, as applicable, (b) have a material adverse effect on the amount of funds available to be distributed to the Noteholders of any such Series, Class or Tranche of Notes pursuant to this
Indenture or on the timing of such distributions, or (c) adversely affect the security interest of the applicable Collateral Agent in the Collateral securing the Outstanding Notes in Asset 

  
 5 

 
Pool One unless otherwise permitted by this Indenture or the Asset Pool One Supplement. 

“Affiliate” means, with respect to any specified Person, any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of
such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Aggregate Remaining Master Trust Level Required Amount” has, with respect to any Unapplied Excess Finance
Charge Sharing Collateral Certificate, the meaning specified in the related Series Supplement. 
 “Arbitration
Rules” has the meaning specified in subsection 13.06(c). 
 “Asset Pool” means a pool of
Collateral designated for inclusion in a particular Asset Pool pursuant to an Asset Pool Supplement, that secures certain Series, Class or Tranche of Notes or more than one Series, Class or Tranche of Notes as specified in the applicable Indenture
Supplements for each such Series, Class or Tranche of Notes. 
 “Asset Pool One” means the pool of
Collateral designated for inclusion in a particular Asset Pool pursuant to the Asset Pool One Supplement, that secures a the current Series of Outstanding Notes as specified in the applicable Indenture Supplements for such Series of Notes. 

“Asset Pool One Supplement” means the Third Amended and Restated Asset Pool One Supplement to this
Indenture, dated as of January 20, 2016, between the Issuing Entity and the Indenture Trustee. 
 “Asset Pool
Supplement” means, with respect to any Asset Pool, a supplement to this Indenture, executed and delivered in conjunction with the first issuance of Notes secured by that Asset Pool, including all amendments thereof and supplements thereto.

 “Asset Representations Review” has the meaning specified in subsection 13.05(b). 

“Asset Representations Review Agreement” means the Asset Representations Review Agreement among Chase USA,
as sponsor, and FTI Consulting, Inc., as Reviewer. 
 “Authenticating Agent” means any Person authorized
by the Indenture Trustee to authenticate Notes under Section 7.14. 

  
 6 

 “Authorized Newspaper” means, with respect to any Series, Class
or Tranche of Notes, publication in the newspaper of record specified in the applicable Indenture Supplement for that Series, Class or Tranche of Notes, or if and so long as Notes of such Series, Class or Tranche are listed on any securities
exchange and that exchange so requires, in the newspaper of record required by the applicable securities exchange, printed in any language specified in the applicable Indenture Supplement or satisfying the requirements of such exchange. 

“Available Finance Charge Collections” means, for any Monthly Period, (a) with respect to the
Noteholders, the Finance Charge Collections paid to the Issuing Entity and allocated to the Noteholders, and (b) with respect to any Series, Class or Tranche of Notes, the amount of collections in clause (a) allocated to such Series, Class
or Tranche of Notes, as applicable, plus investment earnings allocable to the amounts on deposit in the Collection Account and Excess Funding Account allocable to such Series, Class or Tranche of Notes, plus any other amounts, or allocable portion
thereof, to be treated as Available Finance Charge Collections with respect to such Series, Class or Tranche of Notes, subject to the applicable Indenture Supplement. 

“Available Principal Collections” means, for any Monthly Period, (a) with respect to the Noteholders,
the Principal Collections paid to the Issuing Entity and allocated to the Noteholders, and (b) with respect to any Series, Class or Tranche of Notes, (i) the amount of collections in clause (a) allocated to such Series, Class or
Tranche of Notes, as applicable, plus (ii) any other amounts, or allocable portion thereof, to be treated as Available Principal Collections with respect to such Series, Class or Tranche of Notes, subject to the applicable Indenture Supplement.

 “Bearer Note” means a Note in bearer form. 

“Business Day” means, unless otherwise specified in the Indenture Supplement for any Series, Class or
Tranche of Notes, any day other than (a) a Saturday or Sunday or (b) any other day on which national banking associations or state banking institutions in New York, New York, Wilmington, Delaware or Minneapolis, Minnesota (or, with respect
to any Series, Class or Tranche, any additional city specified in the related Indenture Supplement), are authorized or obligated by law, executive order or governmental decree to be closed. 

“Certificate of Authentication” means the certificate of authentication of the Indenture Trustee, the form
of which is described in Section 2.03, or the alternate certificate of authentication of the Authenticating Agent, the form of which is described in Section 7.14. 

“Certified Note Owner” means (a) a Note Owner that provides to the Indenture Trustee and the Transferor
a written certification of ownership of Notes of a specific Class or Tranche, a trade confirmation, an account statement, a letter from its broker or dealer verifying ownership of Notes of such specific Class or Tranche or any other evidence of
ownership of Notes in a form that is satisfactory or acceptable to the Indenture Trustee and (b) Noteholders that are holders of definitive Notes. 

  
 7 

 “Chase Card Funding” means Chase Card Funding LLC, a Delaware
limited liability company. 
 “Chase USA” means Chase Bank USA, National Association, a national banking
association, and any successors or assigns. 
 “Class” means, with respect to any Note, the class
specified in the applicable Indenture Supplement. 
 “Class C Reserve Account” means, for any Notes, the
Bank Account and any Sub-Account thereof established and maintained as described in the related Indenture Supplement. 

“Collateral Certificate Finance Charge Shortfall Allocation” means, for any Note Transfer Date, with respect
to each Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate relating to any Shared Excess Available Finance Charge Collections Group, an amount equal to: 

(a)        if the aggregate amount of all Unapplied Master Trust Level Excess Finance
Charge Collections for all Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificates for such Note Transfer Date is less than or equal to the sum of the Remaining Series Finance Charge Shortfalls for all Series in such Group
for such Note Transfer Date, the amount of Unapplied Master Trust Level Excess Finance Charge Collections with respect to such Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate for such Note Transfer Date; or 

(b)        if the aggregate amount of all Unapplied Master Trust Level Excess Finance
Charge Collections for all Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificates for such Note Transfer Date is greater than the sum of the Remaining Series Finance Charge Shortfalls for all Series in such Group for such
Note Transfer Date, the product of (i) the sum of the Remaining Series Finance Charge Shortfalls for all Series in such Group for such Note Transfer Date and (ii) a fraction, (x) the numerator of which is the Unapplied Master Trust
Level Excess Finance Charge Collections with respect to such Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate for such Note Transfer Date and (y) the denominator of which is the aggregate amount of all Unapplied
Master Trust Level Excess Finance Charge Collections for all Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificates for such Note Transfer Date. 

“Collateral Certificate Principal Shortfall Allocation” means, for any Note Transfer Date, with respect to
each Unapplied Master Trust Level Principal Sharing Collateral Certificate in any Asset Pool, an amount equal to: 

(a)        if the aggregate amount of all Unapplied Master Trust Level Principal
Collections for all Unapplied Master Trust Level Principal Sharing Collateral Certificates in such Asset Pool for such Note Transfer Date is less than or equal to the sum of the Remaining Series Principal Shortfalls for all Series secured by such
Asset Pool, the amount of Unapplied Master Trust Level Principal Collections with respect to 

  
 8 

 
such Unapplied Master Trust Level Principal Sharing Collateral Certificate for such Note Transfer Date; or 

(b)        if the aggregate amount of all Unapplied Master Trust Level Principal
Collections for all Unapplied Master Trust Level Principal Sharing Collateral Certificates in such Asset Pool for such Note Transfer Date is greater than the sum of the Remaining Series Principal Shortfalls for all Series secured by such Asset Pool
for such Note Transfer Date, the product of (i) the sum of the Remaining Series Principal Shortfalls for all Series secured by such Asset Pool for such Note Transfer Date and (ii) a fraction, (x) the numerator of which is the
Unapplied Master Trust Level Principal Collections with respect to such Unapplied Master Trust Level Principal Sharing Collateral Certificate for such Note Transfer Date and (y) the denominator of which is the aggregate amount of all Unapplied
Master Trust Level Principal Collections for all Unapplied Master Trust Level Principal Sharing Collateral Certificates in such Asset Pool for such Note Transfer Date. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under
the Securities Exchange Act, or, if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such date. 

“Corporate Trust Office” means the principal office of the Indenture Trustee in Minneapolis, Minnesota at
which at any particular time its corporate trust business will be principally administered, which office at the date hereof is located at MAC N9311-161, Wells Fargo Center, Sixth Street & Marquette Avenue, Minneapolis, Minnesota 55479,
Attn: Corporate Trust Services - Asset Backed Administration. 
 “Delinquency Percentage” means, with
respect to any Monthly Period, the percentage equivalent of a fraction, the numerator of which is equal to the aggregate dollar amount of Receivables with respect to which any amount is 60 or more days past due, and the denominator of which is equal
to the aggregate dollar amount of all Receivables, each as measured on the last day of the Monthly Period. 

“Delinquency Trigger” means initially 7.62%; provided, that the Delinquency Trigger may be modified
by the Servicer with notice to the Indenture Trustee without an amendment of this Indenture and without consent from the Noteholders; provided, further, that any modification shall be disclosed on a Form 8-K filed by the Issuing Entity
and shall be made only (i) at the time of the effectiveness of a new shelf registration statement on Commission Form SF-3 or (ii) following the occurrence of any changes in applicable law that may have a material impact on Chase USA, Chase
Card Funding, the Issuing Entity or the Receivables. 
 “Delinquency Trigger Breach” has the meaning
specified in subsection 8.04(d)(ii). 

  
 9 

 “Depository” means a U.S. Depository or a Foreign Depository,
as the case may be. 
 “Derivative Agreement” means any currency, interest rate or other swap, cap,
collar, guaranteed investment contract or other derivative agreement. 
 “Derivative Counterparty” means
any party to any Derivative Agreement other than the Issuing Entity or the Indenture Trustee. 
 “Early
Amortization Event” has the meaning specified in Section 11.01. 
 “Entity” means any Person
other than an individual or government (including any agency or political subdivision thereof). 
 “ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time. 
 “Event of
Default” has the meaning specified in Section 6.01. 
 “Exchange Date” means, with respect
to any Tranche of Notes, the latest of: 
 (a)        in the case of exchanges of
beneficial interests in Temporary Global Notes for beneficial interests in Permanent Global Notes in registered form, any date that is after the related issuance date; 

(b)        in the case of exchanges of beneficial interests in Temporary Global Notes
for beneficial interests in Permanent Global Notes in bearer form, the date of presentation of certification of non-United States beneficial ownership (as described in Section 2.05); and 

(c)        the earliest date on which such an exchange of a beneficial interest in a
Temporary Global Note for a beneficial interest in a Permanent Global Note is permitted by applicable law. 

“Federal Bankruptcy Code” means Title 11 of the United States Code, as amended from time to time. 

“Foreign Currency” means (a) a currency other than Dollars, or (b) denominated in a currency other
than Dollars. 
 “Foreign Currency Note” means a Note denominated in a Foreign Currency. 

“Foreign Depository” means the Person specified in the applicable Indenture Supplement, in its capacity as
depository for the accounts of any clearing agencies located outside the United States. 

  
 10 

 “Form 10-D” means the Commission Form used for periodic
distribution reports by asset-backed issuers, such as the Issuing Entity, filed with the Commission pursuant to the Securities Exchange Act. 

“GAAP” means generally accepted accounting principles in the United States of America in effect from time to
time. 
 “Global Note” means any Note issued pursuant to Section 2.04. 

“Group” means any one or more Series of Notes which are specified as belonging to a common Group (including
any Shared Excess Available Finance Charge Collections Group or any group established by an Indenture Supplement) in the applicable Indenture Supplement. A particular Series may be included in more than one Group if the Indenture Supplement for such
Series so provides. 
 “Holder” means, when used with respect to any Note, a Noteholder. 

“Indenture” or “this Indenture” means this Fourth Amended and Restated Indenture, dated as
of January 20, 2016, as originally executed and as amended, supplemented, restated or otherwise modified from time to time by one or more indentures supplemental hereto. 

“Indenture Supplement” means, with respect to any Series of Notes, a supplement to this Indenture, executed
and delivered in conjunction with the issuance of such Series of Notes pursuant to Section 3.01, together with any applicable Terms Document for any Classes and Tranches of Notes belonging to such Series related to such Indenture Supplement and
any amendment to the Indenture Supplement executed pursuant to Section 9.01 or 9.02, and, in either case, including all amendments thereof and supplements thereto. 

“Indenture Trustee” means the Person named as the Indenture Trustee in the first paragraph of this Indenture
until a successor Indenture Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Indenture Trustee” means and includes each Person who is then an Indenture Trustee hereunder. If at any
time there is more than one such Person, “Indenture Trustee” as used with respect to the Notes of any Series, Class or Tranche means the Indenture Trustee with respect to Notes of that Series, Class or Tranche. 

“Indenture Trustee Authorized Officer” means, when used with respect to the Indenture Trustee, any vice
president, any assistant vice president, the treasurer, any assistant treasurer, any senior trust officer or trust officer, or any other officer of the Indenture Trustee customarily performing functions similar to those performed by any of the above
designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 

“Initial Dollar Principal Amount” means (a) unless otherwise specified in the applicable Indenture
Supplement, with respect to a Series, Class or Tranche of Dollar 

  
 11 

 
Interest-bearing Notes, the aggregate initial principal amount of the Outstanding Notes of such Series, Class or Tranche plus the aggregate initial principal amount of any additional Notes of
such Series, Class or Tranche, and (b) with respect to a Series, Class or Tranche of Foreign Currency Notes, the amount specified in the applicable Indenture Supplement as the Initial Dollar Principal Amount thereof. 

“Interest-bearing Note” means a Note that bears interest at a stated or computed rate on the principal
amount thereof. 
 “Interest Funding Account” means, with respect to any Notes, the Bank Account and any Sub-Account thereof established and maintained as described in the related Indenture Supplement. 

“Interest Payment Date” means, with respect to any Series, Class or Tranche of Notes, the scheduled due date
of any payment of interest on such Notes, as specified in the applicable Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is in the next calendar month, in which case the Interest Payment
Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month; provided, however, that upon the acceleration of a Series, Class or Tranche of Notes following an Event
of Default or upon the occurrence of an Early Amortization Event, or other optional or mandatory redemption of that Series, Class or Tranche of Notes, each Monthly Principal Accrual Date will be an Interest Payment Date. 

“Internal Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Invested Amount” has, with respect to any Collateral Certificate, the meaning specified in the Series
Supplement for the applicable Collateral Certificate and with respect to any other Investor Certificate, the meaning specified in the applicable Pooling and Servicing Agreement and the related Series Supplement. 

“Investor Certificate” means an investor certificate, and not a seller certificate or transferor
certificate, issued by a Master Trust pursuant to a Pooling and Servicing Agreement and related Series Supplement. 

“Investor Certificateholder” means the holder of record of an Investor Certificate. 

“Investment Company Act” means the Investment Company Act of 1940, as amended. 

“Issuing Entity” means Chase Issuance Trust, a Delaware statutory trust. 

“Issuing Entity Authorized Officer” means (a) an authorized signatory of the Owner Trustee, or
(b) the chairman or vice-chairman of the board of directors, chairman or vice-chairman of the executive committee of the board of directors, the president, any vice-president, the secretary, any assistant secretary, the treasurer, or any

  
 12 

 
assistant treasurer, in each case of the Beneficiary, or any other officer or employee of the Beneficiary who is authorized to act on behalf of the Issuing Entity. 

“Issuing Entity Certificate” means a certificate (including an Officer’s Certificate) signed in the
name of an Issuing Entity Authorized Officer, or the Issuing Entity by an Issuing Entity Authorized Officer and, in each case delivered to the Indenture Trustee relating to, among other things, the issuance of a new Series, Class or Tranche of
Notes. Wherever this Indenture requires that an Issuing Entity Certificate be signed also by an accountant or other expert, such accountant or other expert (except as otherwise expressly provided in this Indenture) may be an employee of the
Beneficiary. 
 “Issuing Entity Tax Opinion” means, with respect to any Action, an Opinion of Counsel to
the effect that, for United States federal income tax purposes, (a) such Action will not cause any Outstanding Series, Class or Tranche of Notes that were characterized as debt at the time of their issuance to be characterized as other than
debt, (b) such Action will not cause the Issuing Entity to be treated as an association (or publicly traded partnership) taxable as a corporation and (c) such Action will not cause or constitute an event in which gain or loss would be
recognized by any Holder of any such Notes. 
 “Legal Maturity Date” means, with respect to a Series,
Class or Tranche of Notes, the date specified in the Indenture Supplement, for such Notes as the fixed date on which the principal of such Series, Class or Tranche of Notes is due and payable. 

“Majority Holders” means, with respect to any Series, Class or Tranche of Notes or all Outstanding Notes,
the Holders of greater than 50% in Outstanding Dollar Principal Amount of the Outstanding Notes of that Series, Class or Tranche or of all Outstanding Notes, as the case may be. 

“Master Trust” means a master trust or other securitization special purpose entity for which Chase USA or an
Affiliate of Chase USA acts as transferor or seller or servicer, established pursuant to a Pooling and Servicing Agreement. 

“Master Trust Tax Opinion” means, with respect to any Action, an Opinion of Counsel to the effect that, for
United States federal income tax purposes, (a) such Action will not cause any Investor Certificates that were characterized as debt at the time of their issuance to be characterized as other than debt and (b) such Action will not cause any
Master Trust to be treated as an association (or publicly traded partnership) taxable as a corporation. 

“Mediation Rules” has the meaning specified in subsection 13.06(b). 

“Monthly Noteholders’ Statement” means, with respect to any Series of Notes, a report, the form of
which is attached as an exhibit to the related Indenture Supplement. 
 “Monthly Period” means the period
from and including the first day of a calendar month to and including the last day of a calendar month. 

  
 13 

 “Monthly Principal Accrual Date” has, with respect to any Class
or Tranche of Notes, the meaning specified in the related Indenture Supplement. 
 “Most Recent Quarterly Filing
Date” means each date on which a prospectus is filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations under the Securities Act containing updated pool information for the most recently ended calendar quarter which
shall be (a) each February 10, May 10, August 10 and November 10 or, if any such date is not a Business Day, the next succeeding Business Day, unless (i) at least one Business Day prior to such date the
Transferor shall have notified the Indenture Trustee that such Most Recent Quarterly Filing Date will be postponed or cancelled or (ii) at least three Business Days prior to an accelerated Most Recent Quarterly Filing Date, the Transferor shall
have notified the Indenture Trustee that such Most Recent Quarterly Filing Date will be accelerated and (b) any other Business Day designated by the Transferor upon at least three Business Days’ prior notice to the Indenture Trustee. 

“Nominal Liquidation Amount” means, with respect to any Outstanding Series, Class or Tranche of Notes, an
amount determined in accordance with the applicable Indenture Supplement. The Nominal Liquidation Amount for a Series of Notes will be the sum of the Nominal Liquidation Amounts of all of the Classes or Tranches of Notes of such Series. 

“Note” or “Notes” means any note or notes of any Series, Class or Tranche authenticated and
delivered from time to time under this Indenture. 
 “Note Owner” means the beneficial owner of an
interest in a Global Note. 
 “Note Rating Agency” means, with respect to any Outstanding Series, Class or
Tranche of Notes, each statistical rating agency selected by Chase USA to rate such Notes; provided, that any reference to each Note Rating Agency shall only apply to any specific Note Rating Agency if such Note Rating Agency is then rating
any Outstanding Series, Class or Tranche of Notes. 
 “Note Register” has the meaning specified in
Section 3.05. 
 “Note Registrar” means the Person who keeps the Note Register specified in
Section 3.05. 
 “Noteholder” means a Person in whose name a Note is registered in the Note Register
or the bearer of any Bearer Note (including a Global Note in bearer form), as the case may be. 
 “Officer’s
Certificate” means a certificate signed by the Beneficiary or the Owner Trustee and delivered to the Indenture Trustee. Wherever this Indenture requires that an Officer’s Certificate be signed also by an accountant or other expert,
such accountant or other expert (except as otherwise expressly provided in this Indenture) may be an employee of the Beneficiary. 

  
 14 

 “Opinion of Counsel” means a written opinion of counsel
acceptable to the Indenture Trustee, who may, except as otherwise expressly provided in this Indenture, be an employee of or of counsel to the Issuing Entity, the Beneficiary or any of their Affiliates. 

“Organization” has the meaning specified in subsection 13.06(b). 

“Outstanding” means, with respect to all Notes, all Notes in all Asset Pools and, with respect to a Note or
with respect to Notes of any Series, Class or Tranche, as of the date of determination, all such Notes theretofore authenticated and delivered under this Indenture, except: 

(a)        any Notes theretofore canceled by the Indenture Trustee or delivered to
the Indenture Trustee for cancellation pursuant to Section 3.09, or canceled by the Issuing Entity, Chase Card Funding, Chase USA or any Affiliate thereof and delivered to the Indenture Trustee pursuant to Section 3.09; 

(b)        any Notes for whose full payment (including principal and interest) or
redemption money in the necessary amount has been theretofore deposited with the Indenture Trustee or any Paying Agent in trust for the Holders of such Notes; provided that, if such Notes are to be redeemed, notice of such redemption has been
duly given if required pursuant to this Indenture and the related Indenture Supplement, or provision therefor satisfactory to the Indenture Trustee has been made; 

(c)        any Notes which are canceled pursuant to Section 5.03; and 

(d)        any Notes in exchange for or in lieu of which other Notes have been
authenticated and delivered pursuant to this Indenture, or which will have been paid pursuant to the terms of Section 3.06 (except with respect to any such Note as to which proof satisfactory to the Indenture Trustee is presented that such Note
is held by a person in whose hands such Note is a legal, valid and binding obligation of the Issuing Entity). 
 For
purposes of determining the amounts of deposits, allocations, reallocations or payments to be made, unless the context clearly requires otherwise, references to “Notes” will be deemed to be references to “Outstanding
Notes.” In determining whether the Holders or Certified Note Owners of the requisite principal amount of such Outstanding Notes have taken any Action hereunder, and for purposes of Section 8.04 and Section 13.05, Notes
beneficially owned by the Issuing Entity, Chase Card Funding or Chase USA or any Affiliate of the Issuing Entity, Chase Card Funding or Chase USA will be disregarded and deemed not to be Outstanding. In determining whether the Indenture Trustee will
be protected in relying upon any such Action, only Notes which an Indenture Trustee Authorized Officer knows to be owned by the Issuing Entity, Chase Card Funding or Chase USA or any Affiliate of the Issuing Entity, Chase Card Funding or Chase USA
will be so disregarded. Notes so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee demonstrates to the satisfaction of the Indenture Trustee the pledgee’s right to act as owner with respect to such Notes
and that the pledgee is not the Issuing Entity, Chase Card Funding, Chase 

  
 15 

 
USA or any other obligor upon the Notes or any Affiliate of the Issuing Entity, Chase Card Funding, Chase USA or such other obligor. 

“Outstanding Dollar Principal Amount” means at any time, with respect to any Series, Class or Tranche of
Notes, the aggregate Initial Dollar Principal Amount of the Outstanding Notes of such Series, Class or Tranche at such time, less the amount of any withdrawals from the Principal Funding Account or
Sub-Account, as applicable, for such Series, Class or Tranche of Notes for payment of principal to the Holders of such Series, Class or Tranche of Notes or the applicable Derivative Counterparty, pursuant to
the related Indenture Supplement. 
 “Paying Agent” means any Person authorized by the Issuing Entity to
pay the principal of or interest on any Notes on behalf of the Issuing Entity, as provided in Section 10.02 hereof. 

“Payment Date” means, with respect to any Series, Class or Tranche of Notes, the applicable Principal
Payment Date or Interest Payment Date. 
 “Payment Instruction” means, with respect to any Series of
Notes, an instruction delivered pursuant to Section 8.07. 
 “Performing” means, with respect to any
Derivative Agreement, no payment default or repudiation of performance by a Derivative Counterparty has occurred, and such Derivative Agreement has not been terminated. 

“Permanent Global Note” is defined in subsection 2.05(a). 

“Permitted Investments” means, unless otherwise provided in the Indenture Supplement with respect to any
Series, Class or Tranche of Notes: 
 (a)      instruments, investment property or other
property consisting of: 
 (i)        obligations of or fully guaranteed by the
United States of America; 
 (ii)        time deposits, promissory notes or
certificates of deposit of any depository institution or trust company incorporated under the laws of the United States of America or any state thereof (or domestic branches of foreign depository institutions or trust companies) and subject to
supervision and examination by federal or state banking or depository institution authorities; provided, however, that at the time of the Issuing Entity’s investment or contractual commitment to invest therein, the certificates of
deposit or short-term deposits of such depository institution or trust company shall have a credit rating from Moody’s and Standard & Poor’s of “P-1” and “A-1+,” respectively, and, if rated by Fitch,
“F1+” from Fitch; 
 (iii)      commercial paper (including but not limited to
asset backed commercial paper) having, at the time of the Issuing Entity’s investment or contractual 

  
 16 

 
commitment to invest therein, a rating from Moody’s and Standard & Poor’s of “P-1” and “A-1+” respectively, and, if rated by Fitch, “F1+” from
Fitch; 
   (iv)        bankers’ acceptances issued by any
depository institution or trust company described in clause (a)(ii) above; and 

  (v)          investments in money market funds rated
“AAA-m” or “AAA-mg” by Standard & Poor’s and “Aaa” by Moody’s and, if rated by Fitch “AAA-V1+” from Fitch, or otherwise approved in writing by each Note Rating Agency; 

(b)        demand deposits in the name of the Indenture Trustee in any depository
institution or trust company referred to in clause (a)(ii) above; 

(c)        uncertificated securities that are registered in the name of the Indenture
Trustee upon books maintained for that purpose by the issuing entity thereof and identified on books maintained for that purpose by the Indenture Trustee as held for the benefit of the Noteholders, and consisting of shares of an open end diversified
investment company which is registered under the Investment Company Act, and which (i) invests its assets exclusively in obligations of or guaranteed by the United States of America or any instrumentality or agency thereof having in each
instance a final maturity date of less than one year from their date of purchase or other Permitted Investments, (ii) seeks to maintain a constant net asset value per share, (iii) has aggregate net assets of not less than $100,000,000 on
the date of purchase of such shares and (iv) with respect to which each Note Rating Agency confirms in writing that such investment will not cause a Ratings Effect; and 

(d)        any other investment if each Note Rating Agency confirms in writing that
such investment will not cause a Ratings Effect. 
 “Person” means any individual, corporation, estate,
partnership, limited liability company, limited liability partnership, joint venture, association, joint-stock company, business trust, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“Place of Payment” means, with respect to any Series, Class or Tranche of Notes issued hereunder, the city
or political subdivision so designated with respect to such Series, Class or Tranche of Notes in accordance with the provisions of Section 10.02. 

“Plan” means an employee benefit plan (within the meaning of Section 3(3) of ERISA) subject to the
fiduciary responsibility provisions of Title I of ERISA, a plan (within the meaning of Section 4975(e)(1) of the Internal Revenue Code) subject to Section 4975 of the Internal Revenue Code, or a governmental plan (within the meaning of
Section 3(32) of ERISA), church plan (within the meaning of Section 3(33) of ERISA) or non-U.S. plan (as described in Section 4(b)(4) of ERISA). 

  
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 “Pooling and Servicing Agreement” means a pooling and servicing
agreement, indenture or other agreement for the issuance of securities from time to time from a Master Trust and the servicing of the receivables in such Master Trust. 

“Predecessor Notes” 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 purposes of this definition, any Note authenticated and delivered under Section 3.06 in lieu of a mutilated, lost, destroyed or stolen Note will be deemed to
evidence the same debt as the mutilated, lost, destroyed or stolen Note. 
 “Principal Funding Account”
means, with respect to any Notes, the Bank Account and any Sub-Account thereof established and maintained as described in the related Indenture Supplement. 

“Principal Payment Date” means, with respect to any Series, Class or Tranche of Notes, each Scheduled
Principal Payment Date, or upon the acceleration of such Series, Class or Tranche of Notes following an Event of Default or upon the occurrence of an Early Amortization Event, or other optional or mandatory redemption of such Series, Class or
Tranche of Notes, each Monthly Principal Accrual Date. 
 “Qualified Bank Account” means either (a) a
segregated account (including a securities account) with a Qualified Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any
one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank having corporate trust powers and acting as trustee for funds deposited in such account), so long as any of the securities of such depository institution
shall have a credit rating from each applicable Note Rating Agency in one of its generic rating categories which signifies investment grade. 

“Qualified Institution” means a depository institution organized under the laws of the United States of
America or any one of the states thereof, including the District of Columbia (or any domestic branch of a foreign bank), which at all times has (a)(i) a long-term unsecured debt rating of A2 or better by Moody’s and (ii) a certificate of
deposit rating of P-1 by Moody’s and (b)(i) in the case of the Collection Account, if such depository institution is an Affiliate of Chase USA or Chase Card Funding, a certificate of deposit rating of A-1 or better by Standard &
Poor’s or (ii) for any other depository institution (or for any Affiliate of Chase USA or Chase Card Funding in the case of any Bank Account other than the Collection Account), either (x) a long-term unsecured debt rating of AAA by
Standard & Poor’s or (y) a certificate of deposit rating of A-1+ by Standard & Poor’s. If so qualified, the Indenture Trustee, the Owner Trustee, Chase USA or an Affiliate of any of the foregoing may be considered a
Qualified Institution for the purposes of this definition. 
 “Ratings Effect” means a reduction,
qualification with negative implications or withdrawal of any then current rating of the Notes. 

  
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 “Record Date” means, for the interest or principal payable on
any Note on any applicable Payment Date, the last day of the month before the related Interest Payment Date or Principal Payment Date, as applicable, unless otherwise specified in the applicable Indenture Supplement. 

“Registered Note” means a Note issued in registered form. 

“Registered Noteholder” means a holder of a Registered Note. 

“Regulation AB” means subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100 - 229.1125, and all related rules and regulations of the Commission, as such rules may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission or by the staff of
the Commission, or as may be provided by the Commission or its staff from time to time. 
 “Remaining Series
Finance Charge Shortfall” has, for each Series relating to any Shared Excess Available Finance Charge Collections Group, the meaning specified in the related Indenture Supplement. 

“Remaining Series Principal Shortfall” has, with respect to any Series secured by an Asset Pool, the meaning
specified in the related Indenture Supplement. 
 “Repurchase Request” has the meaning specified in
subsection 13.06(a). 
 “Requesting Party” has the meaning specified in subsection 13.06(a). 

“Required Subordinated Amount” means, with respect to any Tranche of a Senior Class of Notes, the amount
specified in the related Indenture Supplement. 
 “Requisite Petition Percentage” has the meaning
specified in subsection 8.04(d)(ii). 
 “Responding Party” has the meaning specified in subsection
13.06(a). 
 “Review Notice” has the meaning specified in subsection 13.05(b). 

“Reviewer” has the meaning specified in subsection 13.05(a). 

“Sarbanes Certification” means the certification specified in paragraph (2) of Securities Exchange Act
Rules 13a-14 and 15d-14 as set forth in Item 601(31)(ii) of Regulation S-K as such may be amended from time to time or any successor or replacement specified by the Commission or its staff from time to time. 

“Scheduled Principal Payment Date” means, with respect to any Series, Class or Tranche of Notes, the
scheduled due date of any payment of principal on such Notes, as specified in the related Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is in the next calendar month, in

  
 19 

 
which case such Scheduled Principal Payment Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month. 

“Secured Party” has the meaning specified in the Granting Clause. 

“Securities Act” means the Securities Act of 1933, as amended from time to time. 

“Securities Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. 

“Securitization Transaction” means any new Notes issued, pursuant to Section 3.10, by the Issuing
Entity, whether publicly offered or privately placed, rated or unrated. 
 “Security Interest” means the
security interest granted pursuant to the Granting Clause. 
 “Senior Class” has, with respect to a Class
of Notes of any Series, the meaning specified in the related Indenture Supplement. 
 “Series” means, with
respect to any Note, the series specified in the applicable Indenture Supplement. 
 “Series Available Finance
Charge Collections Shortfalls” has, with respect to any Shared Excess Available Finance Charge Collections Series, the meaning specified in the related Indenture Supplement. 

“Series Supplement” means a series supplement to a Pooling and Servicing Agreement or similar document
setting forth the terms of a Collateral Certificate. 
 “Servicing Criteria” means the “servicing
criteria” set forth in Item 1122(d) of Regulation AB. 
 “Shared Excess Available Finance Charge
Collections Series” means a Series that, pursuant to the Indenture Supplement therefor, will share certain Finance Charge Collections allocated to such Series with other Series in the same Shared Excess Available Finance Charge Collections
Group, as more specifically specified in such Indenture Supplement. 
 “Shared Excess Available Finance Charge
Collections Group” means a Group of Series which have all been designated to share certain excess Finance Charge Collections allocated to such Series with one another. 

“Stated Principal Amount” has, with respect to any Note, the meaning specified in the related Indenture
Supplement or Terms Document. 

  
 20 

 “Sub-Account” means each portion of a Bank Account designated
as such pursuant to this Indenture, the related Indenture Supplement or the Asset Pool Supplement. 
 “Subordinated
Class” has, with respect to a Class of Notes of any Series, the meaning specified in the related Indenture Supplement. 

“Subordinated Notes” means Notes of a Subordinated Class of a Series. 

“Supplemental Bank Account” means the trust account or accounts designated as such and established pursuant
to subsection 4.02(a). 
 “Supplemental Credit Enhancement Agreement” means a letter of credit, cash
collateral account or surety bond or other similar arrangement with various credit enhancement providers which provides the benefit of one or more additional forms of credit enhancement which is referenced in the applicable Indenture Supplement for
any Series, Class or Tranche of Notes in an Asset Pool. 
 “Supplemental Credit Enhancement Provider”
means any party to any Supplemental Credit Enhancement Agreement other than the Issuing Entity or the Indenture Trustee. 

“Supplemental Liquidity Agreement” means a liquidity facility or other similar arrangements with various
liquidity providers which provides the benefit of additional liquidity for any Series, Class or Tranche of Notes secured by an Asset Pool which is referenced in the applicable Indenture Supplement for such Series, Class or Tranche of Notes. 

“Supplemental Liquidity Provider” means any party to any Supplemental Liquidity Agreement other than the
Issuing Entity or the Indenture Trustee. 
 “Temporary Global Note” has the meaning specified in
subsection 2.05(a). 
 “Terms Document” means, with respect to any Class or Tranche of Notes, a supplement
to the Indenture Supplement that establishes such Class or Tranche. 
 “Tranche” means, with respect to
any Class of Notes, Notes of such Class which have identical terms, conditions and designation. Notes of a single Tranche may be issued on different dates. 

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

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

  
 21 

 “Trust Agreement” means the Fourth Amended and Restated Trust
Agreement, dated as of January 20, 2016, between Chase Card Funding, as Transferor and Beneficiary, and Wilmington Trust Company, as Owner Trustee. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended by the Trust Indenture Reform Act of
1990, as in force at the date as of which this Indenture was executed except as provided in Section 9.05. 

“UCC” means, unless the context otherwise requires, the Uniform Commercial Code, as in effect in the
relevant jurisdiction. 
 “Unapplied Excess Finance Charge Collections” means, for any Note Transfer Date,
with respect to each Shared Excess Available Finance Charge Collections Group, the aggregate amount to be treated as “Unapplied Excess Finance Charge Collections” from such Shared Excess Available Finance Charge Collections Group for such
Note Transfer Date pursuant to the Indenture Supplements for all Series in such Shared Excess Available Finance Charge Collections Group and Section 3.13. 

“Unapplied Excess Finance Charge Sharing Collateral Certificate” means, with respect to each Shared Excess
Available Finance Charge Collections Group, each Collateral Certificate included in any Asset Pool that is designated as an “Unapplied Excess Finance Charge Sharing Collateral Certificate” with respect to such Shared Excess Available
Finance Charge Collections Group in the related Series Supplement. 
 “Unapplied Master Trust Level Excess Finance
Charge Collections” has, with respect to each Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate, the meaning specified in the related Series Supplement. 

“Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate” means, with respect to
each Shared Excess Available Finance Charge Collections Group, each Collateral Certificate included in any Asset Pool that is designated as an “Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate” with respect
to such Shared Excess Available Finance Charge Collections Group in the related Series Supplement. 
 “Unapplied
Master Trust Level Principal Collections” has, with respect to each Unapplied Master Trust Level Principal Sharing Collateral Certificate, the meaning specified in the related Series Supplement. 

“Unapplied Master Trust Level Principal Sharing Collateral Certificate” shall mean each Collateral
Certificate included in any Asset Pool that is designated as an “Unapplied Master Trust Level Principal Sharing Collateral Certificate” with respect to such Asset Pool in the related Series Supplement. 

“United States Person” means a citizen or resident of the United States, a corporation, partnership or other
entity created or organized in or under the laws of the United States, or any political subdivision thereof, or an estate or trust the income of which is subject to United States federal income taxation regardless of its source. 

  
 22 

 “U.S. Depository” means, unless otherwise specified by the
Issuing Entity pursuant to Section 2.04, 2.06, or 3.01, with respect to Notes of any Tranche issuable or issued as a Global Note within the United States, The Depository Trust Company, New York, New York, or any successor thereto registered as
a clearing agency under the Securities Exchange Act, or other applicable statute or regulation. 

Section 1.02    Compliance Certificates and
Opinions.        Upon any application or request by the Issuing Entity to the Indenture Trustee to take any action under any provision of this Indenture, the Issuing Entity will furnish to the Indenture
Trustee (i) an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and (ii) an Opinion of Counsel stating that in the opinion of
such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating
to such particular application or request, no additional certificate or opinion need be furnished. 
 Notwithstanding the
provisions of Section 3.10 and of the preceding paragraph, if all Notes of a Tranche are not to be originally issued at one time, it will not be necessary to deliver the Issuing Entity Certificate otherwise required pursuant to
Section 3.10 or the Officer’s Certificate and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or before the time of authentication of each Note of such Tranche if such documents are delivered at or prior to
the authentication upon original issuance of the first Note of such Tranche to be issued. 
 The Indenture Trustee may
rely, as to authorization by the Issuing Entity of any Tranche of Notes, the form and terms thereof and the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel and the other documents delivered pursuant to
Section 3.10 and this Section 1.02, as applicable, in connection with the first authentication of Notes of such Tranche. 

Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (except
for the written statement required by Section 10.04) will include: 
 (a)     a statement
that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 

(b)     a brief statement as to the nature and scope of the examination or investigation upon which
the statements or opinions contained in such certificate or opinion are based; 
 (c)     a
statement that such individual has made such examination or investigation as is necessary to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d)     a statement as to whether, in the opinion of each such individual, such condition or
covenant has been complied with. 

  
 23 

 Section 1.03    Form of Documents Delivered to
Indenture Trustee.  In any case where several matters are required to be certified by, or covered by an opinion of, one or more specified Persons, one such Person may certify or give an opinion with respect to some matters and one or
more other such Persons as to the other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 

Any certificate or opinion of the Issuing Entity may be based, insofar as it relates to legal matters, upon a certificate or
opinion of, or representations by, counsel, unless the Issuing Entity knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations are erroneous. Any such certificate or opinion of, or representation
by, counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, the Issuing Entity stating that the information with respect to such factual matters is in the possession of the Issuing
Entity, unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations are erroneous. 

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements,
opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

Section 1.04     Acts of Noteholders. 

(a)     Any request, demand, authorization, direction, notice, consent, waiver or other action
(collectively, an “Action”) provided by this Indenture to be given or taken by Noteholders of any Series, Class or Tranche may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such
Noteholders in person or by an agent duly appointed in writing. If Notes of a Series, Class or Tranche are issuable in whole or in part as Bearer Notes, any Action provided by this Indenture to be given or taken by such Noteholders may,
alternatively, be embodied in and evidenced by the record of such Noteholders voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Noteholders duly called and held in accordance with the provisions of
Section 8.04, or a combination of such instruments and any such record. Except as herein otherwise expressly provided, such Action will become effective when such instrument or instruments or record are delivered to the Indenture Trustee, and,
where it is hereby expressly required, to the Issuing Entity. Such instrument or instruments and any such record (and the Action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Noteholders
signing such instrument or instruments and so voting at any meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or the holding by any Person of a Note, will be sufficient for any purpose of this Indenture
and (subject to Section 7.01) conclusive in favor of the Indenture Trustee and the Issuing Entity, if made in the manner provided in this Section 1.04. The record of any meeting of Noteholders shall be proved in the manner provided in
Section 8.04. 
 (b)     The fact and date of the execution by any Person of any such
instrument or writing may be proved by the affidavit of a witness to such execution or by 

  
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the certificate of any notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the
execution thereof. Where such execution is by an officer of a corporation or a member of a partnership, on behalf of such corporation or partnership, such certificate or affidavit will also constitute sufficient proof of his authority. The fact and
date of the execution of any such instrument or writing, or the authority of the person executing the same, may also be proved in any other manner which the Indenture Trustee deems sufficient. 

(c)     (i)           Except as otherwise
specified herein, the ownership of Registered Notes will be proved by the Note Register. 

(ii)  The ownership of Bearer Notes or coupons will be proved by the production of such Bearer
Notes or coupons or by a certificate, satisfactory to the Issuing Entity, executed, as depository, by any bank, trust company, recognized securities dealer or depository, wherever situated, satisfactory to the Issuing Entity. Each such certificate
will be dated and will state that on the date thereof a Bearer Note or coupon bearing a specified serial number was deposited with or exhibited to such bank, trust company, recognized securities dealer or depository by the Person named in such
certificate. Any such certificate may be issued in respect of one or more Bearer Notes or coupons specified therein. The holding by the Person named in any such certificate of any Bearer Note specified therein will be presumed to continue for a
period of one year from the date of such certificate unless at the time of any determination of such holding (A) another certificate bearing a later date issued in respect of the same Bearer Note or coupon is produced, (B) the Bearer Note
or coupon specified in such certificate is produced by some other Person or (C) the Bearer Note or coupon specified in such certificate has ceased to be Outstanding. 

(d)     The fact and date of execution of any such instrument or writing, the authority of the
Person executing the same and the principal amount and serial numbers of Bearer Notes held by the Person so executing such instrument or writing and the date of holding the same may also be proved in any other manner which the Indenture Trustee
deems sufficient; and the Indenture Trustee may in any instance require further proof with respect to any of the matters referred to in this Section. 

(e)     If the Issuing Entity will solicit from the Holders any Action, the Issuing Entity may, at
its option, by an Officer’s Certificate and consistent with the Trust Indenture Act, fix in advance a record date for the determination of Holders entitled to give such Action, but the Issuing Entity will have no obligation to do so. If the
Issuing Entity does not so fix a record date, such record date will be the later of 30 days before the first solicitation of such Action or the date of the most recent list of Noteholders furnished to the Indenture Trustee pursuant to
Section 8.01 before such solicitation. Such Action may be given before or after the record date, but only the Holders of record at the close of business on the record date will be deemed to be Holders for the purposes of determining whether
Holders of the requisite proportion of Notes Outstanding have authorized or agreed or consented to such Action, and for that purpose the Notes 

  
 25 

 
Outstanding will be computed as of the record date; provided that no such authorization, agreement or consent by the Holders on the record date will be deemed effective unless it will
become effective pursuant to the provisions of this Indenture not later than six months after the record date. 

(f)     Any Action by the Holder of any Note will bind the Holder of every Note issued upon the
transfer thereof or in exchange therefor or in lieu thereof, in respect of anything done or suffered to be done by the Indenture Trustee or the Issuing Entity in reliance thereon whether or not notation of such Action is made upon such Note. 

(g)     Without limiting the foregoing, a Holder entitled hereunder to take any Action hereunder
with regard to any particular Note may do so with regard to all or any part of the principal amount of such Note or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such
principal amount. Any notice given or Action taken by a Holder or its agents with regard to different parts of such principal amount pursuant to this paragraph shall have the same effect as if given or taken by separate Holders of each such
different part. 
 (h)     Without limiting the generality of the foregoing, unless otherwise
specified pursuant to Section 3.01 or pursuant to one or more Indenture Supplements, a Holder, including a Depository that is the Holder of a Global Note, may make, give or take, by a proxy or proxies duly appointed in writing, any Action
provided in this Indenture to be made, given or taken by Holders, and a Depository that is the Holder of a Global Note may provide its proxy or proxies to the beneficial owners of interests in any such Global Note through such Depository’s
standing instructions and customary practices. 
 (i)     The Issuing Entity may fix a record date
for the purpose of determining the Persons who are beneficial owners of interests in any Global Note held by a Depository entitled under the procedures of such Depository to make, give or take, by a proxy or proxies duly appointed in writing, any
Action provided in this Indenture to be made, given or taken by Holders. If such a record date is fixed, the Holders on such record date or their duly appointed proxy or proxies, and only such Persons, shall be entitled to make, give or take such
Action, whether or not such Holders remain Holders after such record date. No such Action shall be valid or effective if made, given or taken more than 90 days after such record date. 

(j)     Notwithstanding any other provision of this Indenture, any Holder of any Note or Certified
Note Owner that as Requesting Party has made a Repurchase Request agrees to be bound by the dispute resolution provisions of Section 13.06 if such Repurchase Request is not otherwise resolved. 

Section 1.05    Notices, etc., to Indenture Trustee and Issuing Entity.  Any Action
of Noteholders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, the Indenture Trustee by any Noteholder or by the Issuing Entity will be sufficient for every purpose hereunder if made,
given, furnished or filed in writing to or with the Indenture Trustee at its Corporate Trust Office, 

  
 26 

 
or the Issuing Entity by the Indenture Trustee or by any Noteholder will be sufficient for every purpose hereunder (except as provided in subsection 6.01(c)) if in writing and mailed, first-class
postage prepaid, to the Issuing Entity addressed to it at the address of its principal office specified in Section 12.11 or at any other address previously furnished in writing to the Indenture Trustee by the Issuing Entity, or as otherwise
specified in subsection 8.02(d) and Section 13.07. 
 Section 1.06    Notices to
Noteholders; Waiver. 
 (a)     Where this Indenture, any Indenture Supplement or any
Registered Note provides for notice to Registered Noteholders of any event, such notice will be sufficiently given (unless otherwise herein, in such Indenture Supplement or in such Registered Note expressly provided) if in writing and mailed,
first-class postage prepaid, sent by facsimile, sent by electronic transmission, sent through the applicable clearing agency or Depository pursuant to Section 2.07, or personally delivered to each Holder of a Registered Note affected by such
event, at such Noteholder’s address as it appears in the Note Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Registered Noteholders is
given by mail, facsimile, electronic transmission or delivery neither the failure to mail, send by facsimile, electronic transmission or deliver such notice, nor any defect in any notice so mailed, to any particular Noteholders will affect the
sufficiency of such notice with respect to other Noteholders and any notice that is mailed, sent by facsimile, electronic transmission or delivered in the manner herein provided shall conclusively have been presumed to have been duly given. 

Where this Indenture, any Indenture Supplement or any Registered Note provides for notice in any manner, such notice may be
waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver will be the equivalent of such notice. Waivers of notice by Registered Noteholders will be filed with the Indenture Trustee, but such
filing will not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

(b)     In case, by reason of the suspension of regular mail service as a result of a strike, work
stoppage or otherwise, it will be impractical to mail notice of any event to any Holder of a Registered Note when such notice is required to be given pursuant to any provision of this Indenture, then any method of notification as will be
satisfactory to the Indenture Trustee and the Issuing Entity will be deemed to be a sufficient giving of such notice. 

(c)     No notice will be given by mail, facsimile, electronic transmission or otherwise delivered
to a Holder of Bearer Notes or coupons in bearer form. In the case of any Series, Class or Tranche with respect to which any Bearer Notes are Outstanding, any notice required or permitted to be given to Holders of such Bearer Notes will be published
in an Authorized Newspaper within the time period prescribed in this Indenture or the applicable Indenture Supplement. 

  
 27 

 (d)     With respect to any Series, Class or Tranche of
Notes, the applicable Indenture Supplement may specify different or additional means of giving notice to the Holders of the Notes of such Series, Class or Tranche. 

(e)     Where this Indenture provides for notice to any Note Rating Agency, failure to give such
notice will not affect any other rights or obligations created hereunder and will not under any circumstance constitute an Adverse Effect. 

Section 1.07    Conflict with Trust Indenture Act.  If and to the extent that any
provision of this Indenture limits, qualifies or conflicts with the duties imposed by, or with another provision (an “incorporated provision”) included in this Indenture by operation of, Sections 310 to 318, inclusive, of the Trust
Indenture Act, such imposed duties or incorporated provision will control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision will be deemed to
apply to this Indenture as so modified or excluded, as the case may be. 

Section 1.08    Effect of Headings and Table of Contents.  The Article and Section
headings herein and the Table of Contents are for convenience only and will not affect the construction hereof. 

Section 1.09    Successors and Assigns.  All covenants and agreements in this
Indenture by the Issuing Entity will bind its successors and assigns, whether so expressed or not. All covenants and agreements of the Indenture Trustee in this Indenture shall bind its successors, co-trustees and agents of the Indenture Trustee.

 Section 1.10    Separability.  In case any provision in this Indenture or in
the Notes will be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 1.11    Benefits of Indenture.  Nothing in this Indenture or in any Notes,
express or implied, will give to any Person, other than the parties hereto and their successors hereunder, the Collateral Agent, any Authenticating Agent or Paying Agent, the Note Registrar, Derivative Counterparties (to the extent specified in the
applicable Derivative Agreement), Supplemental Credit Enhancement Providers and Supplemental Liquidity Providers (each, to the extent specified in the applicable Supplemental Credit Enhancement Agreement or Supplemental Liquidity Agreement, as
applicable) and the Holders of Notes (or such of them as may be affected thereby), any benefit or any legal or equitable right, remedy or claim under this Indenture. 

Section 1.12    Governing Law.        THIS
INDENTURE WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE
WITH SUCH LAWS. 

  
 28 

Section 1.13    Counterparts.    This Indenture 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 1.14    Indenture Referred to in the Trust Agreement.    This is
the Indenture referred to in the Trust Agreement. 
 Section 1.15    Legal
Holidays.  In any case where the date on which any payment is due shall not be a Business Day, then (notwithstanding any other provision of the Notes or this Indenture) payment need not be made on such date, but may be made on the next
succeeding Business Day with the same force and effect as if made on the date on which nominally due, and no interest shall accrue for the period from and after any such nominal date. 

[END OF ARTICLE I] 

  
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 ARTICLE II 

NOTE FORMS 

Section 2.01    Forms Generally.  The Notes will have such appropriate insertions,
omissions, substitutions and other variations as are required or permitted by this Indenture or the applicable Indenture Supplement and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon,
as may be required to comply with applicable laws or regulations or with the rules of any securities exchange, or as may, consistently herewith, be determined by the Issuing Entity, as evidenced by the Issuing Entity’s execution of such Notes.
Any portion of the text of any Note may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Note. 

The definitive Notes will be typewritten, printed, lithographed or engraved or produced by any combination of these methods
(with or without steel engraved borders) or may be produced in any other manner, all as determined by the Issuing Entity, as evidenced by the Issuing Entity’s execution of such Notes, subject, with respect to the Notes of any Series, Class or
Tranche, to the rules of any securities exchange on which such Notes are listed. 

Section 2.02    Forms of Notes.    Each Note will be in one of the forms
approved from time to time by or pursuant to an Indenture Supplement. Before the delivery of a Note to the Indenture Trustee for authentication in any form approved by or pursuant to an Issuing Entity Certificate, the Issuing Entity will deliver to
the Indenture Trustee the Issuing Entity Certificate by or pursuant to which such form of Note has been approved, which Issuing Entity Certificate will have attached thereto a true and correct copy of the form of Note which has been approved thereby
or, if an Issuing Entity Certificate authorizes a specific officer or officers of the Beneficiary to approve a form of Note, a certificate of such officer or officers approving the form of Note attached thereto. Any form of Note approved by or
pursuant to an Issuing Entity Certificate must be acceptable as to form to the Indenture Trustee, such acceptance to be evidenced by the Indenture Trustee’s authentication of Notes in that form or a certificate signed by an Indenture Trustee
Authorized Officer and delivered to the Issuing Entity. 
 Section 2.03    Form of Indenture
Trustee’s Certificate of Authentication.  The form of Indenture Trustee’s Certificate of Authentication for any Note issued pursuant to this Indenture will be substantially as follows: 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes of the Series, Class or Tranche designated therein referred to in the within-mentioned Indenture.

  
 30 

 
			
	 WELLS FARGO BANK,

	  NATIONAL ASSOCIATION,

as Indenture Trustee,

		
	 By:
	 	  

		 	 Authorized Signatory

 

					
	 Dated:
	 	  
	 	

 Section 2.04    Notes Issuable in the Form of a Global
Note. 
 (a)     If the Issuing Entity establishes pursuant to Sections 2.02 and 3.01 that the
Notes of a particular Series, Class or Tranche are to be issued in whole or in part in the form of one or more Global Notes, then the Issuing Entity will execute and the Indenture Trustee or its agent will, in accordance with Section 3.03 and
the Issuing Entity Certificate delivered to the Indenture Trustee or its agent thereunder, authenticate and deliver, such Global Note or Notes, which, unless otherwise provided in the applicable Indenture Supplement (i) will represent, and will
be denominated in an amount equal to the aggregate Stated Principal Amount of the Outstanding Notes of such Series, Class or Tranche to be represented by such Global Note or Notes, or such portion thereof as the Issuing Entity will specify in an
Issuing Entity Certificate, (ii) in the case of Registered Notes, will be registered in the name of the Depository for such Global Note or Notes or its nominee, (iii) will be delivered by the Indenture Trustee or its agent to the
Depository or pursuant to the Depository’s instruction, (iv) if applicable, will bear a legend substantially to the following effect: “Unless this Note is presented by an authorized representative of The Depository Trust Company, a
New York corporation (“DTC”), to the Issuing Entity or its agent for registration of transfer, exchange or payment, and any Note issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized
representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful
inasmuch as the registered owner hereof, Cede & Co., has an interest herein” and (v) may bear such other legend as the Issuing Entity, upon advice of counsel, deems to be applicable. 

(b)     Notwithstanding any other provisions of this Section 2.04 or of Section 3.05, and
subject to the provisions of paragraph (c) below, unless the terms of a Global Note or the applicable Indenture Supplement expressly permit such Global Note to be exchanged in whole or in part for individual Notes, a Global Note may be
transferred, in whole but not in part and in the manner provided in Section 3.05, only to a nominee of the Depository for such Global Note, or to the Depository, or a successor Depository for such Global Note selected or approved by the Issuing
Entity, or to a nominee of such successor Depository. 

  
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 (c)     With respect to Notes issued within the United
States, unless otherwise specified in the applicable Indenture Supplement, or with respect to Notes issued outside the United States, if specified in the applicable Indenture Supplement: 

  (i)   If at any time the Depository for a Global Note notifies the Issuing Entity
that it is unwilling or unable to continue as Depository for such Global Note or if at any time the Depository for the Notes for such Series, Class or Tranche ceases to be a clearing agency registered under the Securities Exchange Act, or other
applicable statute or regulation, the Issuing Entity will appoint a successor Depository with respect to such Global Note. If a successor Depository for such Global Note is not appointed by the Issuing Entity within 90 days after the Issuing Entity
receives such notice or becomes aware of such ineligibility, the Issuing Entity will execute, and the Indenture Trustee or its agent, upon receipt of an Issuing Entity Certificate requesting the authentication and delivery of individual Notes of
such Series, Class or Tranche in exchange for such Global Note, will authenticate and deliver, individual Notes of such Series, Class or Tranche of like tenor and terms in an aggregate Stated Principal Amount equal to the Stated Principal Amount of
the Global Note in exchange for such Global Note. 
  (ii)   The Issuing Entity may at
any time and in its sole discretion determine that the Notes of any Series, Class or Tranche or portion thereof issued or issuable in the form of one or more Global Notes will no longer be represented by such Global Note or Notes. In such event the
Issuing Entity will execute, and the Indenture Trustee, upon receipt of a written request by the Issuing Entity for the authentication and delivery of individual Notes of such Series, Class or Tranche in exchange in whole or in part for such Global
Note, will authenticate and deliver individual Notes of such Series, Class or Tranche of like tenor and terms in definitive form in an aggregate Stated Principal Amount equal to the Stated Principal Amount of such Global Note or Notes representing
such Series, Class or Tranche or portion thereof in exchange for such Global Note or Notes. 

(iii)   If specified by the Issuing Entity pursuant to Sections 2.02 and 3.01 with respect to
Notes issued or issuable in the form of a Global Note, the Depository for such Global Note may surrender such Global Note in exchange in whole or in part for individual Notes of such Series, Class or Tranche of like tenor and terms in definitive
form on such terms as are acceptable to the Issuing Entity and such Depository. Thereupon the Issuing Entity will execute, and the Indenture Trustee or its agent will authenticate and deliver, without service charge, (A) to each Person
specified by such Depository a new Note or Notes of the same Series, Class or Tranche of like tenor and terms and of any authorized denomination as requested by such Person in aggregate Stated Principal Amount equal to and in exchange for such
Person’s beneficial interest in the Global Note; and (B) to such Depository a new Global Note of like tenor and terms and in an authorized denomination equal to the difference, if any, between

  
 32 

 
the Stated Principal Amount of the surrendered Global Note and the aggregate Stated Principal Amount of Notes delivered to the Holders thereof. 

(iv)   If any Event of Default has occurred with respect to such Global Notes, and Holders of
Notes evidencing more than 50% of the unpaid Outstanding Dollar Principal Amount of the Global Notes of that Series, Class or Tranche advise the Indenture Trustee and the Depository that a Global Note is no longer in the best interest of the
Noteholders, the Holders of Global Notes may exchange such Notes for individual Notes. 

 (v)   In any exchange provided for in any of the preceding three paragraphs, the Issuing
Entity will execute and the Indenture Trustee or its agent will authenticate and deliver individual Notes in definitive registered form in authorized denominations. Upon the exchange of the entire Stated Principal Amount of a Global Note for
individual Notes, such Global Note will be canceled by the Indenture Trustee or its agent. Except as provided in the preceding paragraphs, Notes issued in exchange for a Global Note pursuant to this Section 2.04 will be registered in such names
and in such authorized denominations as the Depository for such Global Note, pursuant to instructions from its direct or indirect participants or otherwise, will instruct the Indenture Trustee or the Note Registrar. The Indenture Trustee or the Note
Registrar will deliver such Notes to the Persons in whose names such Notes are so registered. 

Section 2.05     Temporary Global Notes and Permanent Global Notes. 

(a)     If specified in the applicable Indenture Supplement for any Tranche, all or any portion of a
Global Note may initially be issued in the form of a single temporary global Bearer Note or Registered Note (the “Temporary Global Note”), without interest coupons, in the denomination of the entire aggregate principal amount of
such Series, Class or Tranche and substantially in the form set forth in the exhibit with respect thereto attached to the applicable Indenture Supplement. The Temporary Global Note will be authenticated by the Indenture Trustee upon the same
conditions, in substantially the same manner and with the same effect as the Notes in definitive form. The Temporary Global Note may be exchanged as described below or in the applicable Indenture Supplement for permanent global Bearer Notes or
Registered Notes (the “Permanent Global Notes”). 
 (b)     Unless otherwise
provided in the applicable Indenture Supplement, exchanges of beneficial interests in Temporary Global Notes for beneficial interests in Permanent Global Notes will be made as provided in this subsection 2.05(b). The Beneficiary will, upon its
determination of the date of completion of the distribution of the Notes of such Series, Class or Tranche, so advise the Indenture Trustee, the Issuing Entity, the Foreign Depository, and each foreign clearing agency forthwith. Without unnecessary
delay, but in any event not prior to the Exchange Date, the Issuing Entity will execute and deliver to the Indenture Trustee at the office of its designated agent outside the United States Permanent Global Notes in bearer or registered form (as
specified in the applicable Indenture Supplement) in an aggregate principal amount equal 

  
 33 

 
to the Outstanding Dollar Principal Amount of such Series, Class or Tranche of Notes. Bearer Notes so issued and delivered may have coupons attached. The Temporary Global Note may be exchanged
for an equal aggregate principal amount of Permanent Global Notes only on or after the Exchange Date. A United States Person may exchange the portion of the Temporary Global Note beneficially owned by it only for an equal aggregate principal amount
of Permanent Global Notes in registered form bearing the applicable legend set forth in the form of Registered Note attached to the applicable Indenture Supplement, which may be in temporary form if the Issuing Entity so elects. Upon any demand for
exchange for Permanent Global Notes in accordance with this clause, the Issuing Entity will cause the Indenture Trustee to authenticate and deliver the Permanent Global Notes to the Holder (x) outside the United States, in the case of Bearer
Notes and (y) according to the instructions of the Holder, in the case of Registered Notes, but in either case only upon presentation to the Indenture Trustee of a written statement substantially in the form of Exhibit B-1 (or such other
form as the Issuing Entity may determine) with respect to the Temporary Global Note, or portion thereof being exchanged, signed by a foreign clearing agency or Foreign Depository and dated on the Exchange Date or a subsequent date, to the effect
that it has received in writing or by tested telex a certification substantially in the form of (i) in the case of beneficial ownership of the Temporary Global Note, or a portion thereof being exchanged, by a United States institutional
investor pursuant to this clause, the certificate in the form of Exhibit B-2 (or such other form as the Issuing Entity may determine) signed by the Beneficiary which sold the relevant Notes or (ii) in all other cases, the
certificate in the form of Exhibit B-3 (or such other form as the Issuing Entity may determine), the certificate referred to in this subsection 2.05(b) being dated on the earlier of the first payment of interest in respect of such Note and
the date of the delivery of such Note in definitive form. Upon receipt of such certification, the Indenture Trustee will cause the Temporary Global Note to be endorsed in accordance with subsection 2.05(d). Any exchange as provided in this
Section 2.05 will be made free of charge to the Holders and the beneficial owners of the Temporary Global Note and to the beneficial owners of the Permanent Global Note issued in exchange, except that a person receiving the Permanent Global
Note must bear the cost of insurance, postage, transportation and the like in the event that such Person does not receive such Permanent Global Note in person at the offices of a foreign clearing agency or Foreign Depository. 

(c)     The delivery to the Indenture Trustee by a foreign clearing agency or Foreign Depository of
any written statement referred to above may be relied upon by the Issuing Entity and the Indenture Trustee as conclusive evidence that a corresponding certification or certifications has or have been delivered to such foreign clearing agency
pursuant to the terms of this Indenture. 
 (d)     Upon any such exchange of all or a portion of
the Temporary Global Note for a Permanent Global Note or Notes, such Temporary Global Note will be endorsed by or on behalf of the Indenture Trustee to reflect the reduction of its principal amount by an amount equal to the aggregate principal
amount of such Permanent Global Note or Notes. Until so exchanged in full, such Temporary Global Note will in all respects be entitled to the same benefits under this Indenture as Permanent Global Notes authenticated and delivered hereunder except
that the beneficial owners of such 

  
 34 

 
Temporary Global Note will not be entitled to receive payments of interest on the Notes until they have exchanged their beneficial interests in such Temporary Global Note for Permanent Global
Notes. 
 Section 2.06     Beneficial Ownership of Global
Notes.   Until definitive Notes have been issued to the applicable Noteholders pursuant to Section 2.04 or as otherwise specified in any applicable Indenture Supplement: 

(a)     the Issuing Entity and the Indenture Trustee may deal with the applicable clearing agency or
Depository and the clearing agency’s or Depository’s participants for all purposes (including the making of distributions) as the authorized representatives of the respective Note Owners; and 

(b)     the rights of the respective Note Owners will be exercised only through the applicable
clearing agency or Depository and the clearing agency’s or Depository’s participants and will be limited to those established by law and agreements between such Note Owners and the clearing agency or Depository and/or the clearing
agency’s or Depository’s participants. Pursuant to the operating rules of the applicable clearing agency, unless and until Notes in definitive form are issued pursuant to Section 2.04, the clearing agency or the Depository will make
book-entry transfers among the clearing agency’s or the Depository’s participants and receive and transmit distributions of principal and interest on the related Notes to such clearing agency’s or Depository’s participants. 

For purposes of any provision of this Indenture requiring or permitting Actions with the consent of, or at the direction of,
Noteholders evidencing a specified percentage of the Outstanding Dollar Principal Amount of Outstanding Notes, such direction or consent may be given by Note Owners (acting through the clearing agency and the clearing agency’s participants)
owning interests in Notes evidencing the requisite percentage of principal amount of Notes. 

Section 2.07     Notices to Depository.     Whenever any notice
or other communication is required to be given to Noteholders with respect to which book-entry Notes have been issued, unless and until Notes in definitive form will have been issued to the related Note Owners, the Indenture Trustee will give all
such notices and communications to the applicable clearing agency or Depository. 
 [END OF ARTICLE II] 

  
 35 

 ARTICLE III 

THE NOTES 

Section 3.01      General Title; General Limitations; Issuable in Series; Terms of a
Series, Class or Tranche of Notes. 
 (a)     The aggregate Stated Principal Amount of Notes
which may be authenticated and delivered and Outstanding under this Indenture is not limited. 

(b)     The Notes may be issued in one or more Series, Classes or Tranches up to an aggregate Stated
Principal Amount of Notes as from time to time may be authorized by the Issuing Entity. All Notes of each Series, Class or Tranche under this Indenture will in all respects be equally and ratably entitled to the benefits hereof with respect to such
Series, Class or Tranche without preference, priority or distinction on account of the actual time of the authentication and delivery or Scheduled Principal Payment Date or Legal Maturity Date of the Notes of such Series, Class or Tranche, except as
specified in the applicable Indenture Supplement for such Series, Class or Tranche of Notes. 

(c)     Each Note issued must be part of a Series, Class and Tranche of Notes for purposes of
allocations pursuant to the Asset Pool One Supplement and the related Indenture Supplement. A Series of Notes is created pursuant to an Indenture Supplement. A Class or Tranche of Notes is created pursuant to an Indenture Supplement or pursuant to a
Terms Document related to the Indenture Supplement for the applicable Series. 
 (d)     Each
Series of Notes will be secured by Asset Pool One. The related Indenture Supplement will identify Asset Pool One as the Asset Pool under which a Series of Notes has been issued. 

(e)     Each Series of Notes may be assigned to a Group or Groups (now existing or hereafter
created) of Notes for purposes of allocations of certain collections pursuant to Section 3.12, the Asset Pool One Supplement and the related Indenture Supplement. The related Indenture Supplement will identify the Group or Groups, if any, to
which a Series of Notes has been assigned and the manner and extent to which Series in the same Group or Groups will share certain amounts. 

(f)     Each Series of Notes may be, but need not be, subdivided into multiple Classes. Notes
belonging to a Class in any Series may be entitled to specified payment priorities over other Classes of Notes in that Series. 

(g)     Notes of a Series that belong to different Classes in that Series belong to different
Tranches on the basis of the difference in Class membership. 
 (h)     Each Class of Notes may
consist of a single Tranche or may be subdivided into multiple Tranches. Notes of a single Class of a Series will belong to different Tranches if they have different terms and conditions. With respect to any Class

  
 36 

 
of Notes, Notes which have identical terms, conditions and Tranche designation will be deemed to be part of a single Tranche of Notes. 

(i)     Before the initial issuance of Notes of each Series, Class or Tranche, there shall also be
established in or pursuant to an Indenture Supplement or pursuant to a Terms Document related to the applicable Indenture Supplement, provision for: 

    (i)   the Series designation; 

   (ii)   the Asset Pool designation; 

  (iii)   the Stated Principal Amount of the Notes; 

  (iv)   whether such Series belongs to any Group or Groups; 

   (v)   whether such Notes are of a particular Class of Notes or a Tranche of
a Class of Notes; 
   (vi)   the Required Subordinated Amount (if any) for such
Class or Tranche of Notes; 
  (vii)   the currency or currencies in which such Notes
will be denominated and in which payments of principal of, and interest on, such Notes will or may be payable; 

(viii)   if the principal of or interest, if any, on such Notes are to be payable, at the
election of the Issuing Entity or a Holder thereof, in a currency or currencies other than that in which the Notes are stated to be payable, the period or periods within which, and the terms and conditions upon which, such election may be made; 

  (ix)   if the amount of payments of principal of or interest, if any, on such
Notes may be determined with reference to an index based on (A) a currency or currencies other than that in which the Notes are stated to be payable, (B) changes in the prices of one or more other securities or Groups or indexes of
securities or (C) changes in the prices of one or more commodities or Groups or indexes of commodities, or any combination of the foregoing, the manner in which such amounts will be determined; 

   (x)   the price or prices at which such Series, Class or Tranche of Notes
will be issued; 
   (xi)   the times at which such Series, Class or Tranche of
Notes may, pursuant to any optional or mandatory redemption provisions, be redeemed, and the other terms and provisions of any such redemption provisions; 

  
 37 

    (xii)   the rate per annum at
which such Series, Class or Tranche of Notes will bear interest, if any, or the formula or index on which such rate will be determined, including all relevant definitions, and the date from which interest will accrue; 

  (xiii)   each Interest Payment Date, the Scheduled Principal Payment Date and the
Legal Maturity Date for such Series, Class or Tranche of Notes; 
   (xiv)   the
Initial Dollar Principal Amount of such Notes, and the means for calculating the Outstanding Dollar Principal Amount of such Series, Class or Tranche of Notes; 

   (xv)   the Nominal Liquidation Amount of such Series, Class or Tranche of
Notes, and the means for calculating the Nominal Liquidation Amount of such Series, Class or Tranche of Notes; 

  (xvi)   whether or not application will be made to list such Series, Class or
Tranche of Notes on any securities exchange; 
  (xvii)   any Events of Default or
Early Amortization Events with respect to such Series, Class or Tranche of Notes, if not set forth herein and any additions, deletions or other changes to the Events of Default or Early Amortization Events set forth herein that will be applicable to
such Series, Class or Tranche of Notes (including a provision making any Event of Default or Early Amortization Event set forth herein inapplicable to the Notes of that Series, Class or Tranche); 

(xviii)   the appointment by the Indenture Trustee of an Authenticating Agent in one or more
places with power to act on behalf of the Indenture Trustee and subject to its direction in the authentication and delivery of such Notes in connection with such transactions as will be specified in the provisions of this Indenture or in or pursuant
to the applicable Indenture Supplement creating such Series, Class or Tranche; 

  (xix)   if such Notes will be issued in whole or in part in the form of a Global
Note or Global Notes, the terms and conditions, if any, upon which such Global Note or Global Notes may be exchanged in whole or in part for other individual Notes; and the Depository for such Global Note or Global Notes (if other than the
Depository specified in Section 1.01); 
    (xx)   if such Notes will
be issued in whole or in part as Registered Notes, Bearer Notes or both, whether such Notes are to be issued with or without coupons or both; 

  (xxi)   the subordination of such Notes to any other indebtedness of the Issuing
Entity, including the Notes of any other Series, Class or Tranche; 

  
 38 

   (xxii)   if such Notes are to have
the benefit of any Derivative Agreement, the terms and provisions of such agreement; 

 (xxiii)   if such Notes are to have the benefit of any Supplemental Credit Enhancement
Agreement or Supplemental Liquidity Agreement, the terms and provisions of the applicable agreement; 

 (xxiv)   the Record Date for any Payment Date of such Notes, if different from the last
day of the month before the related Payment Date; 
   (xxv)   the Targeted
Principal Deposit Amount scheduled to be deposited on each Principal Payment Date during an amortization period or accumulation period for such Series, Class or Tranche of Notes; 

 (xxvi)   whether and under what conditions, additional amounts will be payable to
Noteholders; and 
 (xxvii)   any other terms of such Notes as stated in the related
Indenture Supplement; 
 all upon such terms as may be determined in or pursuant to an Indenture Supplement with respect to such Series,
Class or Tranche of Notes. 
 (j)     The form of the Notes of each Series, Class or Tranche will
be established pursuant to the provisions of this Indenture and the related Indenture Supplement or Terms Document creating such Series, Class or Tranche of Notes. The Notes of each Series, Class or Tranche will be distinguished from the Notes of
each other Series, Class or Tranche in such manner, reasonably satisfactory to the Indenture Trustee, as the Issuing Entity may determine. 

(k)     Any terms or provisions in respect of the Notes of any Series, Class or Tranche issued under
this Indenture may be determined pursuant to this Section 3.01 by providing in the applicable Indenture Supplement the method by which such terms or provisions will be determined. 

(l)     The Transferor Interest for each Asset Pool will be held by the Transferor. The Transferor
Interest for each Asset Pool may be transferred by the holder of such Transferor Interest in whole or in part subject to certain limitations and conditions described in the Indenture Supplements related to such Asset Pool. The Transferor Interest
for each Asset Pool may be held either in an uncertificated form or in the form of a certificate representing the Transferor Interest, called a Transferor Certificate. 

Section 3.02     Denominations and Currency.    The Notes of each
Series, Class or Tranche will be issuable in such denominations and currency as will be provided in the provisions of this Indenture or in or pursuant to the applicable Indenture Supplement. In the absence of any such provisions with respect to the
Registered Notes of any Series, Class or Tranche, the Registered Notes of that Series, Class or Tranche will 

  
 39 

 
be issued in denominations of $100,000 and $1,000 multiples thereof. In the absence of any such provisions with respect to the Bearer Notes of any Series, Class or Tranche, the Bearer Notes of
that Series, Class or Tranche will be issued in denominations of 1,000, 5,000, 50,000 and 100,000 units of the applicable currency. 

Section 3.03      Execution, Authentication and Delivery and Dating. 

(a)     The Notes will be executed on behalf of the Issuing Entity by an Issuing Entity Authorized
Officer. The signature of any officer of the Beneficiary or the Owner Trustee on the Notes may be manual or facsimile. 

(b)     Notes bearing the manual or facsimile signatures of individuals who were at any time an
Issuing Entity Authorized Officer will bind the Issuing Entity, notwithstanding that such individuals or any of them have ceased to hold such offices before the authentication and delivery of such Notes or did not hold such offices at the date of
issuance of such Notes. 
 (c)     At any time and from time to time after the execution and
delivery of this Indenture, the Issuing Entity may deliver Notes executed by the Issuing Entity to the Indenture Trustee for authentication; and the Indenture Trustee will, upon request by an Officer’s Certificate, authenticate and deliver such
Notes as in this Indenture provided and not otherwise. 
 (d)     Before any such authentication
and delivery, the Indenture Trustee will be entitled to receive, in addition to any Officer’s Certificate and Opinion of Counsel required to be furnished to the Indenture Trustee pursuant to Section 1.02, the Issuing Entity Certificate and
any other opinion or certificate relating to the issuance of the Series, Class or Tranche of Notes required to be furnished pursuant to Section 2.02 or Section 3.10. 

(e)     The Indenture Trustee will not be required to authenticate such Notes if the issue thereof
will adversely affect the Indenture Trustee’s own rights, duties or immunities under the Notes and this Indenture. 

(f)     Unless otherwise provided in the form of Note for any Series, Class or Tranche, all Notes
will be dated the date of their authentication. 
 (g)     No Note will be entitled to any benefit
under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a Certificate of Authentication substantially in the form provided for herein executed by the Indenture Trustee by manual signature of an authorized
signatory, and such certificate upon any Note will be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder. 

Section 3.04     Temporary Notes. 

(a)     Pending the preparation of definitive Notes of any Series, Class or Tranche, the Issuing
Entity may execute, and, upon receipt of the documents 

  
 40 

 
required by Section 3.03, together with an Officer’s Certificate, the Indenture Trustee will authenticate and deliver, temporary Notes which are printed, lithographed, typewritten,
mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Notes in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the
Issuing Entity may determine, as evidenced by the Issuing Entity’s execution of such Notes. 

(b)     If temporary Notes of any Series, Class or Tranche are issued, the Issuing Entity will cause
definitive Notes of such Series, Class or Tranche to be prepared without unreasonable delay. After the preparation of definitive Notes, the temporary Notes of such Series, Class or Tranche will be exchangeable for definitive Notes of such Series,
Class or Tranche upon surrender of the temporary Notes of such Series, Class or Tranche at the office or agency of the Issuing Entity in a Place of Payment, without charge to the Holder; and upon surrender for cancellation of any one or more
temporary Notes the Issuing Entity will execute and the Indenture Trustee will authenticate and deliver in exchange therefor a like Stated Principal Amount of definitive Notes of such Series, Class or Tranche of authorized denominations and of like
tenor and terms. Until so exchanged the temporary Notes of such Series, Class or Tranche will in all respects be entitled to the same benefits under this Indenture as definitive Notes of such Series, Class or Tranche. 

Section 3.05     Registration, Transfer and Exchange. 

(a)     The Issuing Entity will keep or cause to be kept a register (herein sometimes referred to as
the “Note Register”) in which, subject to such reasonable regulations as it may prescribe, the Issuing Entity will provide for the registration of Registered Notes, or of Registered Notes of a particular Series, Class or Tranche, and for
transfers of Registered Notes or of Registered Notes of such Series, Class or Tranche. Any such register will be in written form or in any other form capable of being converted into written form within a reasonable time. At all reasonable times the
information contained in such register or registers will be available for inspection by the Indenture Trustee at the office or agency to be maintained by the Issuing Entity as provided in Section 10.02. 

(b)     Subject to Section 2.04, upon surrender for transfer of any Registered Note of any
Series, Class or Tranche at the office or agency of the Issuing Entity in a Place of Payment, if the requirements of Section 8-401(a) of the UCC are met, the Issuing Entity will execute, and, upon receipt of such surrendered Note, the Indenture
Trustee will authenticate and deliver, in the name of the designated transferee or transferees, one or more new Registered Notes of such Series, Class or Tranche of any authorized denominations, of a like aggregate Stated Principal Amount, Scheduled
Principal Payment Date and Legal Maturity Date and of like terms. 
 (c)     Subject to
Section 2.04, at the option of the Holder, Notes of any Series, Class or Tranche may be exchanged for other Notes of such Series, Class or Tranche of any authorized denominations, of a like aggregate Stated Principal Amount, Scheduled Principal
Payment Date and Legal Maturity Date and of like terms, upon 

  
 41 

 
surrender of the Notes to be exchanged at such office or agency described in subsection 3.05(b) above. Registered Notes, including Registered Notes received in exchange for Bearer Notes, may not
be exchanged for Bearer Notes. At the option of the Holder of a Bearer Note, subject to applicable laws and regulations, Bearer Notes may be exchanged for other Bearer Notes or Registered Notes (of the same Series, Class and Tranche of Notes) of
authorized denominations of like aggregate fractional undivided interests in the Noteholders’ interest, upon surrender of the Bearer Notes to be exchanged at an office or agency of the Note Registrar located outside the United States. Each
Bearer Note surrendered pursuant to this Section 3.05 will have attached thereto all unmatured coupons; provided, however, that any Bearer Note, so surrendered after the close of business on the last day of the month preceding the
relevant Payment Date need not have attached the coupon relating to such Payment Date. Whenever any Notes are so surrendered for exchange, the Issuing Entity will execute, and the Indenture Trustee will authenticate and deliver (in the case of
Bearer Notes, outside the United Sates), the Notes which the Noteholders making the exchange are entitled to receive. 

(d)     All Notes issued upon any transfer or exchange of Notes will be the valid and legally
binding obligations of the Issuing Entity, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such transfer or exchange. 

(e)     Every Note presented or surrendered for transfer or exchange will (if so required by the
Issuing Entity or the Indenture Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Issuing Entity and the Note Registrar duly executed, by the Holder thereof or his attorney duly authorized
in writing. 
 (f)     Unless otherwise provided in the Note to be transferred or exchanged, no
service charge will be made on any Noteholder for any transfer or exchange of Notes, but the Issuing Entity may (unless otherwise provided in such Note) require payment of a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection with any transfer or exchange of Notes, other than exchanges pursuant to Section 3.04 or 9.06 not involving any transfer. 

(g)     None of the Issuing Entity, the Note Registrar or the Indenture Trustee shall be required
(i) to issue, register the transfer of or exchange any Notes of any Series, Class or Tranche during a period beginning at the opening of business 15 days before the day of selection of Notes of such Series, Class or Tranche to be redeemed and
ending at the close of business on (A) if Notes of such Series, Class or Tranche are issuable only as Registered Notes, the day of the mailing of the relevant notice of redemption of Registered Notes of such Series, Class or Tranche so selected
for redemption or (B) if Notes of the Series, Class or Tranche are issuable as Bearer Notes, the day of the first publication of the relevant notice of redemption or, if Notes of the Series, Class or Tranche are also issuable as Registered
Notes and there is no publication, the mailing of the relevant notice of redemption or (ii) to register the transfer or exchange of any Notes or portions thereof so selected for redemption. 

  
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 Notwithstanding anything herein to the contrary, the exchange of Bearer Notes
into Registered Notes shall be subject to applicable laws and regulations in effect at the time of exchange; none of the Issuing Entity, the Indenture Trustee nor the Note Registrar shall exchange any Bearer Notes into Registered Notes if it has
received an Opinion of Counsel that as a result of such exchanges the Issuing Entity or the Transferor would suffer adverse consequences under the United States federal income tax laws and regulations then in effect and the Issuing Entity has
delivered to the Indenture Trustee an Issuing Entity Certificate directing the Indenture Trustee not to make such exchanges unless and until the Indenture Trustee receives a subsequent Issuing Entity Certificate to the contrary. The Issuing Entity
shall deliver copies of such Issuing Entity Certificates to the Note Registrar. 
 (h)    None of the
Issuing Entity, the Indenture Trustee, any agent of the Indenture Trustee, any Paying Agent or the Note Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership
interests of a Global Note or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

(i)     The Issuing Entity initially appoints Wells Fargo Bank, National Association to act as Note
Registrar for the Registered Notes on its behalf. The Issuing Entity may at any time and from time to time authorize any Person to act as Note Registrar with respect to any Series, Class or Tranche of Notes issued under this Indenture. Upon the
appointment of a new Note Registrar, the Issuing Entity shall notify the Indenture Trustee of such appointment and the location, or the change in location of the Note Registrar. 

(j)     Registration of transfer of Notes containing the following legend or to which the following
legend is applicable: 
 “THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”). NEITHER THIS NOTE NOR ANY PORTION HEREOF MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE REGISTRATION PROVISIONS OF THE SECURITIES ACT AND ANY APPLICABLE PROVISIONS OF ANY STATE BLUE
SKY OR SECURITIES LAWS OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION PROVISIONS. THE TRANSFER OF THIS NOTE IS SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN.” 

will be effected only if such transfer is made pursuant to an effective registration statement under the Securities Act, or is exempt from the
registration requirements under the Securities Act. In the event that registration of a transfer is to be made in reliance upon an exemption from the registration requirements under the Securities Act other than Rule 144A under the Securities Act or
Rule 903 or Rule 904 of Regulation S under the Securities Act, the transferor or the transferee will deliver, at its expense, to the Issuing Entity and the Indenture Trustee, an investment letter from the transferee, substantially in the form of the
investment letter attached hereto as Exhibit A or such other form as the 

  
 43 

 
Issuing Entity may determine, and no registration of transfer will be made until such letter is so delivered. 

Notes issued upon registration or transfer of, or Notes issued in exchange for, Notes bearing the legend referred to above
will also bear such legend unless the Issuing Entity, the Indenture Trustee and the Note Registrar receive an Opinion of Counsel, in form and substance satisfactory to each of them, to the effect that such legend may be removed. 

Whenever a Note containing the legend referred to above is presented to the Note Registrar for registration of transfer, the
Note Registrar will promptly seek instructions from the Issuing Entity regarding such transfer and will be entitled to receive an Issuing Entity Certificate prior to registering any such transfer. The Issuing Entity hereby agrees to indemnify the
Note Registrar and the Indenture Trustee and to hold each of them harmless against any loss, liability or expense incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by them in
relation to any such instructions furnished pursuant to this clause. 
 Each purchaser or transferee of Notes, or any
beneficial interest therein, shall be deemed to have represented and warranted that either (i) it is not, and is not directly or indirectly acquiring the Notes or any beneficial interest therein for, on behalf of or with any assets of, a Plan
or (ii) its acquisition and holding of the Notes or any beneficial interest therein does not and will not constitute or otherwise result in a nonexempt prohibited transaction in violation of Section 406 or 407 of ERISA or Section 4975
of the Internal Revenue Code (or, in the case of a governmental, church or non-U.S. plan, a violation of any substantially similar non-U.S., federal, state or local law). 

Section 3.06    Mutilated, Destroyed, Lost and Stolen Notes. 

(a)     If (i) any mutilated Note (together, in the case of Bearer Notes, with all unmatured
coupons, if any, appertaining thereto) is surrendered to the Indenture Trustee or the Note Registrar, or the Issuing Entity, the Note Registrar or the Indenture Trustee receive evidence to their satisfaction of the destruction, loss or theft of any
Note, and (ii) there is delivered to the Issuing Entity, the Note Registrar and the Indenture Trustee such security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Issuing Entity, the
Note Registrar or the Indenture Trustee that such Note has been acquired by a protected purchaser, the Issuing Entity will execute and upon its request the Indenture Trustee will authenticate and deliver (in the case of Bearer Notes, outside the
United States), in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Note, a new Note of like tenor, Series, Class or Tranche, Scheduled Principal Payment Date, Legal Maturity Date and Stated Principal Amount, bearing a number
not contemporaneously Outstanding. 
 (b)     In case any such mutilated, destroyed, lost or
stolen Note has become or is about to become due and payable, the Issuing Entity in its discretion may, instead of issuing a new Note, pay such Note. 

  
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 (c)     Upon the issuance of any new Note under this
Section 3.06, the Issuing Entity may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Indenture Trustee)
connected therewith. 
 (d)     Every new Note issued pursuant to this Section 3.06 in lieu
of any destroyed, lost or stolen Note will constitute an original additional contractual obligation of the Issuing Entity, whether or not the destroyed, lost or stolen Note will be at any time enforceable by anyone, and will be entitled to all the
benefits of this Indenture equally and proportionately with any and all other Notes of the same Series, Class or Tranche duly issued hereunder. 

(e)     The provisions of this Section 3.06 are exclusive and will preclude (to the extent
lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 

Section 3.07    Payment of Interest; Interest and Principal Rights Preserved; Withholding
Taxes. 
 (a)     Unless otherwise provided with respect to such Note pursuant to
Section 3.01, interest payable on any Registered Note will be paid to the Person in whose name that Note (or one or more Predecessor Notes) is registered at the close of business on the most recent Record Date and interest payable on any Bearer
Note will be paid to the bearer of that Note (or the applicable coupon). 
 (b)     Subject to
clause (a), each Note delivered under this Indenture upon transfer of or in exchange for or in lieu of any other Note will carry the rights to interest accrued or principal accreted and unpaid, and to accrue or accrete, which were carried by such
other Note. 
 (c)     The right of any Noteholder to receive interest on or principal of any Note
shall be subject to any applicable withholding or deduction imposed pursuant to the Internal Revenue Code or other applicable tax law, including foreign withholding and deduction. Any amounts properly so withheld or deducted shall be treated as
actually paid to the appropriate Noteholder. 
 Section 3.08    Persons Deemed
Owners.      Title to any Bearer Note, including any coupons appertaining thereto, shall pass by delivery. The Issuing Entity, the Indenture Trustee, the Owner Trustee, the Beneficiary, Chase USA and any agent of
the Issuing Entity, the Indenture Trustee, the Owner Trustee, Chase USA or the Beneficiary may treat the Person who is proved to be the owner of such Note pursuant to subsection 1.04(c) as the owner of such Note for the purpose of receiving payment
of principal of and (subject to Section 3.07) interest on such Note and for all other purposes whatsoever, whether or not such Note be overdue, and neither the Issuing Entity, the Indenture Trustee, the Owner Trustee, the Beneficiary, Chase USA
nor any agent of the Issuing Entity, the Indenture Trustee, the Owner Trustee, Chase USA or the Beneficiary will be affected by notice to the contrary. 

  
 45 

Section 3.09    Cancellation.        All Notes
surrendered for payment, redemption, transfer, conversion or exchange will, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and, if not already canceled, will be promptly canceled by it. The
Issuing Entity may at any time deliver to the Indenture Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Issuing Entity may have acquired in any manner whatsoever, and all Notes so delivered will be
promptly canceled by the Indenture Trustee. No Note will be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section, except as expressly permitted by this Indenture. The Indenture Trustee will dispose of all
canceled Notes in accordance with its customary procedures and will deliver a certificate of such disposition to the Issuing Entity. 

Section 3.10    New Issuances of Notes 

(a)     The Issuing Entity may issue new Notes of any Series, Class or Tranche, so long as the
following conditions precedent are satisfied or waived: 
     (i)   on
or before the third Business Day before a new issuance is to occur, the Issuing Entity delivers to the Indenture Trustee and each Note Rating Agency notice of such new issuance; 

   (ii)   on or prior to the date that the new issuance is to occur, the
Issuing Entity delivers to the Indenture Trustee and each Note Rating Agency an Issuing Entity Certificate to the effect that: 

  (A)   the Issuing Entity reasonably believes that the new issuance will not cause
an Adverse Effect on any Outstanding Notes; 
   (B)   all instruments furnished
to the Indenture Trustee conform to the requirements of this Indenture and constitute sufficient authority hereunder for the Indenture Trustee to authenticate and deliver such Notes; 

  (C)   the form and terms of such Notes have been established in conformity with
the provisions of this Indenture; and 
   (D)   the Issuing Entity has addressed
any other matters as the Indenture Trustee may reasonably request; 

   (iii)   not later than three Business Days after each Most Recent Quarterly
Filing Date, the Issuing Entity will have delivered to the Indenture Trustee and each Note Rating Agency an Opinion of Counsel, dated the Most Recent Quarterly Filing Date that the Issuing Entity has the trust power and authority to execute, deliver
and perform its obligations under the Notes and when duly authorized and delivered by the Issuing Entity and, assuming due authentication and delivery by the Indenture Trustee, the Notes will constitute legal, valid and binding obligations of the
Issuing Entity enforceable in accordance with their terms (subject, as to enforcement of remedies, to applicable 

  
 46 

 
bankruptcy, reorganization, insolvency, moratorium or other laws and legal principles affecting creditors’ rights generally from time to time in effect and to general equitable principles,
whether applied in an action at law or in equity) and entitled to the benefits of this Indenture, equally and ratably with all other Outstanding Notes, if any, of such Series, Class or Tranche of Notes, subject to the terms of this Indenture, each
Indenture Supplement and each Terms Document; 
   (iv)    on or before the
date that the new issuance is to occur, the Issuing Entity will have obtained written confirmation from each Note Rating Agency that the new issuance will not have a Ratings Effect on any Outstanding Notes issued prior to May 22, 2012 that are
rated by such Note Rating Agency; 
     (v)   in the case of Bearer
Notes, such Notes shall be described as in section 163(f)(2)(B) of the Internal Revenue Code and such section shall apply to such Notes; 

   (vi)   on or before the date that the new issuance is to occur, the Issuing
Entity will have delivered to the Indenture Trustee an Indenture Supplement and, if applicable, the Issuing Entity Certificate or on or before the date that the new issuance is to occur, the Issuing Entity will have executed with the Indenture
Trustee a Terms Document relating to the applicable Class or Tranche of Notes; 

  (vii)    in the case of Foreign Currency Notes, the Issuing Entity will have
appointed one or more Paying Agents in the appropriate countries; 
 (viii)    the
conditions specified in this Section 3.10 or in Section 3.11 are satisfied; and 

  (ix)    any other conditions specified in the applicable Indenture
Supplement; 
 provided, however, that any one of the aforementioned conditions may be waived or modified as a condition
precedent to any new issuance of a Series, Class or Tranche of Notes if the Issuing Entity has obtained approval from each Note Rating Agency. 

(b)     The Issuing Entity and the Indenture Trustee will not be required to provide prior notice to
or to obtain the consent of any Noteholder of any Outstanding Series, Class or Tranche to issue any additional Notes of any Series, Class or Tranche. In addition, the Issuing Entity agrees to provide notice of new issuances of Series, Classes or
Tranches of Notes as may be required by and in accordance with Item 1121(a)(14) of Regulation AB. 

(c)     There are no restrictions on the timing or amount of any additional issuance of Notes of an
Outstanding Class or Tranche of a Series of Notes, so long as the conditions described in subsection 3.10(a) are met or waived. As of the date 

  
 47 

 
of any additional issuance of Notes of an Outstanding Class or Tranche of Notes, the Stated Principal Amount, Outstanding Dollar Principal Amount and Nominal Liquidation Amount of that Class or
Tranche will be increased to reflect the principal amount of the additional Notes. If the additional Notes are a Class or Tranche of Notes that has the benefit of a Derivative Agreement, the Issuing Entity will enter into a Derivative Agreement for
the benefit of the additional Notes. In addition, if the additional Notes are a Class or Tranche of Notes that has the benefit of any Supplemental Credit Enhancement Agreement or any Supplemental Liquidity Agreement, the Issuing Entity will enter
into a Supplemental Credit Enhancement Agreement or Supplemental Liquidity Agreement, as applicable, for the benefit of the additional Notes. Furthermore, the targeted deposits, if any, to the Interest Funding Account, the Principal Funding Account,
and if applicable, the Class C Reserve Account, will be increased proportionately to reflect the principal amount of the additional Notes. 

When issued, the additional Notes of a Class or Tranche will be identical in all respects to the other Outstanding Notes of
that Class or Tranche and will be equally and ratably entitled to the benefits of this Indenture and the related Indenture Supplement applicable to such Notes as the other Outstanding Notes of that Class or Tranche without preference, priority or
distinction. 
 Section 3.11    Specification of Required Subordinated Amount and other Terms
with Respect to each Series, Class or Tranche of Notes. 
 (a)     The applicable Indenture
Supplement for each Class or Tranche of Notes will specify a Required Subordinated Amount of each subordinated Class or Tranche of Notes, if any. 

(b)     The Issuing Entity may change the Required Subordinated Amount, or method of computing such
amount, for any Class or Tranche of Notes at any time without notice to, or without the consent of, any Noteholders so long as the Issuing Entity has (i) received confirmation from the Note Rating Agencies that have rated any Outstanding Notes
of the Series to which such Class or Tranche belongs that the change in the Required Subordinated Amount will not result in a Ratings Effect with respect to any Outstanding Notes of such Series and (ii) delivered to the Indenture Trustee and
the Note Rating Agencies an Issuing Entity Tax Opinion. 
 Section 3.12    Shared Excess
Available Finance Charge Collections Groups and Other Groups.    The Issuing Entity shall reallocate and redistribute certain excess Finance Charge Collections allocated to any Series to cover Series Available Finance Charge
Collections Shortfalls incurred by Series belonging to any particular Shared Excess Available Finance Charge Collections Group to the extent and as specified in the related Indenture Supplements. The Issuing Entity may also establish other Groups
for purposes of reallocating other amounts initially allocated to designated Series to the extent and as specified in the related Indenture Supplements. 

Section 3.13    Unapplied Excess Finance Charge Collections.    On each
Note Transfer Date, Unapplied Excess Finance Charge Collections for each Shared 

  
 48 

 
Excess Available Finance Charge Collections Group for such Note Transfer Date shall be applied in the following manner: 

(a)     if the Unapplied Excess Finance Charge Collections for such Group for such Note Transfer
Date and the sum of the Aggregate Remaining Master Trust Level Required Amounts for all Unapplied Excess Finance Charge Sharing Collateral Certificates with respect to such Group for such Note Transfer Date are both greater than zero: 

    (i)   if the amount of Unapplied Excess Finance Charge Collections for
such Group for such Note Transfer Date is greater than or equal to the sum of the Aggregate Remaining Master Trust Level Required Amounts for all Unapplied Excess Finance Charge Sharing Collateral Certificates with respect to such Group for such
Note Transfer Date, the issuing entity of each Unapplied Excess Finance Charge Sharing Collateral Certificate with respect to such Group shall be paid an amount equal to the Aggregate Remaining Master Trust Level Required Amount for such Unapplied
Excess Finance Charge Sharing Collateral Certificate, or 
    (ii)   if the
amount of Unapplied Excess Finance Charge Collections for such Group is less than the sum of the Aggregate Remaining Master Trust Level Required Amounts for all Unapplied Excess Finance Charge Sharing Collateral Certificates with respect to such
Group for such Note Transfer Date, the issuing entity of each Unapplied Excess Finance Charge Sharing Collateral Certificate with respect to such Group shall be paid an amount equal to the product of (x) the Unapplied Excess Finance Charge
Collections for such Group for such Note Transfer Date and (y) a fraction, the numerator of which is the Aggregate Remaining Master Trust Level Required Amount for such Unapplied Excess Finance Charge Sharing Collateral Certificate for such
Note Transfer Date and the denominator of which is the sum of the Aggregate Remaining Master Trust Level Required Amounts for all Unapplied Excess Finance Charge Sharing Collateral Certificates with respect to such Group for such Note Transfer Date;
and 
 (b)     Unapplied Excess Finance Charge Collections remaining with respect to such Group
after any payments made pursuant to subsection 3.13(a) shall be paid to the Transferor. 

Section 3.14    Unapplied Master Trust Level Excess Finance Charge
Collections.    On each Note Transfer Date, the Servicer shall calculate the Remaining Series Finance Charge Shortfall for each Series related to each Shared Excess Available Finance Charge Collections Group. If any such
Remaining Series Finance Charge Shortfall is greater than zero, the Servicer shall calculate the Collateral Certificate Finance Charge Shortfall Allocation for each Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate
and shall notify the servicer for the issuing entity of each such Collateral Certificate of such amount. Unapplied Master Trust Level Excess Finance Charge Collections received on any Note Transfer Date from any

  
 49 

 
Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate relating to any Shared Excess Available Finance Charge Collections Group shall be applied in the following
manner: 
 (a)      if the aggregate amount of Unapplied Master Trust Level Excess Finance
Charge Collections received on such Note Transfer Date with respect to such Group is greater than or equal to the sum of the Remaining Series Finance Charge Shortfalls for all Series in such Group, each such Series shall receive the amount of its
Remaining Series Finance Charge Shortfall for such Note Transfer Date; and 
 (b)     if the
aggregate amount of Unapplied Master Trust Level Excess Finance Charge Collections received on such Note Transfer Date with respect to such Group is less than the sum of the Remaining Series Finance Charge Shortfalls for all Series in such Group,
each such Series shall receive an amount equal to the product of (i) the aggregate amount of Unapplied Master Trust Level Excess Finance Charge Collections received on such Note Transfer Date with respect to such Group and (ii) a fraction,
the numerator of which is the Remaining Series Finance Charge Shortfall for such Series and the denominator of which is equal to the sum of the Remaining Series Finance Charge Shortfalls for all Series in such Group. 

Section 3.15    Unapplied Master Trust Level Principal Collections.  On each Note
Transfer Date, the Servicer shall calculate the Remaining Series Principal Shortfall for each Series of Notes for such Note Transfer Date. If the sum of the Remaining Series Principal Shortfalls for all Series secured by any Asset Pool for such Note
Transfer Date is greater than zero, the Servicer shall calculate the Collateral Certificate Principal Shortfall Allocation for each Unapplied Master Trust Level Principal Sharing Collateral Certificate in such Asset Pool for such Note Transfer Date
and shall notify the servicer for the issuing entity of each such Collateral Certificate of such amount. Unapplied Master Trust Level Principal Collections received on any Note Transfer Date with respect to each Unapplied Master Trust Level
Principal Sharing Collateral Certificate in an Asset Pool shall be applied in the following manner: 

(a)     if the aggregate amount of Unapplied Master Trust Level Principal Collections received on
such Note Transfer Date with respect to such Asset Pool is greater than or equal to the sum of the Remaining Series Principal Shortfalls for all Series secured by such Asset Pool for such Note Transfer Date, each such Series shall receive the amount
of its Remaining Series Principal Shortfall for such Note Transfer Date; and 
 (b)     if the
aggregate amount of Unapplied Master Trust Level Principal Collections received on such Note Transfer Date with respect to such Asset Pool is less than the sum of the Remaining Series Principal Shortfalls for all Series secured by such Asset Pool
for such Note Transfer Date, each such Series shall receive an amount equal to the product of (i) the aggregate amount of Unapplied Master Trust Level Principal Collections received on such Note Transfer Date with respect to such Asset Pool and
(ii) a fraction, the numerator of which is the Remaining Series Principal Shortfall for such Series for such Note Transfer Date and the denominator of which is 

  
 50 

 
equal to the sum of the Remaining Series Principal Shortfalls for all Series secured by such Asset Pool for such Note Transfer Date. 

[END OF ARTICLE III] 

  
 51 

 ARTICLE IV 

BANK ACCOUNTS AND INVESTMENTS 

Section 4.01    Collections.  Except as otherwise expressly provided in this
Indenture, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance from any fiscal agent or other intermediary, all money and other property payable to or receivable by
the Indenture Trustee pursuant to this Indenture including all funds and other property payable to the Indenture Trustee in connection with the Collateral designated for inclusion in Asset Pool One. The Indenture Trustee will hold all such money and
property received by it as part of the Collateral designated for inclusion in Asset Pool One and will apply it as provided in this Indenture. 

Section 4.02    Bank Accounts. 

(a)     On or before the date of initial issuance of Notes secured by the Collateral designated for
inclusion in Asset Pool One, the Issuing Entity has, pursuant to the Asset Pool One Supplement, caused to be established and maintained for such Asset Pool one or more Qualified Bank Accounts (each such account as described in the Asset Pool One
Supplement) in the name of the related Collateral Agent, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the related Collateral Agent and the applicable Noteholders. From time to time in
connection with the issuance of a Series, Class or Tranche of Notes, the Indenture Trustee may cause the related Collateral Agent to establish one or more Qualified Bank Accounts denominated as “Supplemental Bank Accounts” in the name of
the related Collateral Agent. Each Bank Account shall be under the control (within the meaning of Section 9-104 of the UCC) of the Collateral Agent for Asset Pool One for the benefit of the Indenture Trustee, the applicable Collateral Agent and
the applicable Noteholders whose Notes are secured by the Collateral designated for inclusion in Asset Pool One. Supplemental Bank Accounts shall be created as specified in the Asset Pool One Supplement or Indenture Supplement. Any Supplemental Bank
Account will receive deposits as specified in the Asset Pool One Supplement or Indenture Supplement. If, at any time, the institution holding any Bank Account ceases to be a Qualified Institution, the Issuing Entity shall within 10 Business Days (or
such longer period, not to exceed 30 calendar days, as to which each Note Rating Agency may consent in writing) establish a new Bank Account that is a Qualified Bank Account and shall transfer any cash and/or investments from the existing Bank
Account to such new Bank Account. 
 (b)     All payments to be made from time to time by or on
behalf of the Indenture Trustee to Noteholders out of funds in the Bank Accounts for a particular Asset Pool pursuant to this Indenture will be made as provided in the Asset Pool One Supplement or the applicable Indenture Supplement but only to the
extent of available funds in the applicable Supplemental Bank Account. 

  
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 Section 4.03    Investment of Funds in the Bank
Accounts. 
 (a)     Funds on deposit in the Bank Accounts will (unless otherwise stated in
the applicable Indenture Supplement) be invested and reinvested by the related Collateral Agent or its designee acting on behalf of the Indenture Trustee at the written direction of the Issuing Entity in one or more Permitted Investments. Absent
such written direction, the Collateral Agent shall invest the funds in the Permitted Investments described in clause (a)(v) of the definition thereof. The Issuing Entity may authorize the Indenture Trustee to direct the Collateral Agent to make
specific investments pursuant to written instructions, in such amounts as the Issuing Entity will specify. Notwithstanding the foregoing, funds held by the Indenture Trustee in any of the Bank Accounts will be invested in Permitted Investments that
will mature in each case no later than the date on which such funds in the Bank Accounts are scheduled to be transferred or distributed by the Indenture Trustee pursuant to this Indenture (or as necessary to provide for timely payment of principal
or interest on the applicable Principal Payment Date or Interest Payment Date). 
 (b)     All
funds deposited from time to time in the Bank Accounts pursuant to this Indenture and all investments made with such funds will be held by the related Collateral Agent in the Bank Accounts as part of the Collateral designated for inclusion in such
Asset Pool as herein provided, subject to withdrawal by the Indenture Trustee or the applicable Collateral Agent, as applicable, for the purposes specified herein. 

(c)     Funds and other property in any of the Bank Accounts will not be commingled with any other
funds or property of the Issuing Entity, the Indenture Trustee or the related Collateral Agent. The Indenture Trustee shall cause the related Collateral Agent to hold all Permitted Investments in a manner specified in the Asset Pool One Supplement
such as to ensure that such Collateral Agent shall have a first priority perfected security interest therein; provided, that, other than following an Event of Default and acceleration pursuant to Section 6.02, no Permitted Investment
shall be disposed of prior to its maturity. 
 (d)     On the applicable Note Transfer Date, all
interest and earnings (net of losses and investment expenses) on funds on deposit in the Bank Accounts will be applied as specified in the Asset Pool One Supplement or Indenture Supplement. Unless otherwise stated in the Asset Pool One Supplement or
Indenture Supplement, for purposes of determining the availability of funds or the balance in the Bank Accounts for any reason under this Indenture or any Indenture Supplement, investment earnings on such funds shall be deemed not to be available or
on deposit. 
 Subject to subsection 7.01(d), the Indenture Trustee will not in any way be held liable by reason of any
insufficiency in such Bank Accounts resulting from any loss on any Permitted Investment included therein except for losses attributable to the Indenture Trustee’s failure to make payments on such Permitted Investments issued by the Indenture
Trustee, in its commercial capacity, in accordance with their terms. 

  
 53 

 (e)     Funds on deposit in the Bank Accounts will be
invested and reinvested by the Indenture Trustee or, with respect to Bank Accounts relating to any Asset Pool, if so required by the Asset Pool Supplement relating to such Asset Pool, by the applicable Collateral Agent, to the fullest extent
practicable, in such manner as the Indenture Trustee or such Collateral Agent will from time to time determine, but only in Permitted Investments described in clause (a)(v) of the definition thereof, upon the occurrence of any of the following
events: 
  (i)   the Issuing Entity will have failed to give investment directions to
the Indenture Trustee or such Collateral Agent; or 
 (ii)   an Event of Default will have
occurred and is continuing but no Notes have been declared due and payable pursuant to Section 6.02. 
 [END OF ARTICLE IV] 

  
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 ARTICLE V 

SATISFACTION AND DISCHARGE; CANCELLATION OF NOTES HELD BY THE ISSUING ENTITY, CHASE CARD FUNDING OR CHASE USA 

Section 5.01    Satisfaction and Discharge of Indenture.  This Indenture will cease
to be of further effect with respect to all Series, Class or Tranche of Notes (except as to any surviving rights of transfer or exchange of Notes of any Series, Class or Tranche expressly provided for herein or in the form of Note for that Series,
Class or Tranche), and the Indenture Trustee, on demand of and at the expense of the Issuing Entity, will execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to all Notes when: 

(a)     all Notes theretofore authenticated and delivered (other than (i) Notes which have been
destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.06, and (ii) Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Issuing Entity and thereafter
repaid to the Issuing Entity or discharged from that trust, as provided in Section 10.03) have been delivered to the Indenture Trustee canceled or for cancellation; 

(b)     the Issuing Entity has paid or caused to be paid all other sums payable under this Indenture
(including payments to the Indenture Trustee pursuant to Section 7.07 and to the Collateral Agent pursuant to the Asset Pool Supplement) by the Issuing Entity with respect to the Notes; and 

(c)     the Issuing Entity has delivered to the Indenture Trustee an Officer’s Certificate and
an Opinion of Counsel each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to the Notes have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Issuing Entity to the Indenture Trustee with respect
to any Series, Class or Tranche of Notes under Section 7.07 and the obligations of the Indenture Trustee under Sections 5.02 and 10.03 will survive such satisfaction and discharge. 

Section 5.02    Application of Trust Money.   All money and obligations
deposited with the Indenture Trustee pursuant to Section 5.01 or Section 5.03 and all money received by the Indenture Trustee in respect of such obligations will be held in trust and applied by it, in accordance with the provisions of the
Series, Class or Tranche of Notes in respect of which it was deposited and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuing Entity acting as its own Paying Agent) as the Indenture Trustee may
determine, to the Persons entitled thereto, of the principal and interest for whose payment that money and obligations have been deposited with or received by the Indenture Trustee; but that money and obligations need not be segregated from other
funds held by the Indenture Trustee except to the extent required by law. 

  
 55 

 Section 5.03    Cancellation of Notes Held by the
Issuing Entity, Chase Card Funding or Chase USA.   If the Issuing Entity, Chase Card Funding or Chase USA or any of their Affiliates holds any Notes, that Holder may, subject to any provisions of a related Indenture Supplement
limiting the repayment of such Notes, by notice from that Holder to the Indenture Trustee cause the Notes to be canceled, whereupon such Notes will no longer be Outstanding. 

[END OF ARTICLE V] 

  
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 ARTICLE VI 

EVENTS OF DEFAULT AND REMEDIES 

Section 6.01    Events of Default.  “Event of Default,” wherever used
herein, means with respect to any Series, Class or Tranche of Notes any one of the following events (whatever the reason for such Event of Default and whether it will be voluntary or involuntary or be effected by operation of law or pursuant to any
judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body), unless such event is either expressly stated to be inapplicable to a particular Series, Class or Tranche of Notes or specifically
deleted or modified in the applicable Indenture Supplement creating such Series, Class or Tranche of Notes or in the form of Note for such Series, Class or Tranche: 

(a)     with respect to such Series, Class or Tranche of Notes, as applicable, a default by the
Issuing Entity in the payment of any interest on such Notes when such interest becomes due and payable, and continuance of such default for a period of 35 days following the date on which such interest became due and payable; 

(b)     with respect to such Series, Class or Tranche of Notes, as applicable, a default by the
Issuing Entity in the payment of the Stated Principal Amount of such Tranche of Notes at the applicable Legal Maturity Date; 

(c)     a default in the performance, or breach, of any covenant or warranty of the Issuing Entity
in this Indenture in respect of the Notes of such Series, Class or Tranche (other than a covenant or warranty in respect of the Notes of such Series, Class or Tranche a default in the performance of which or the breach of which is elsewhere in this
Section specifically dealt with), all of such covenants and warranties in this Indenture which are not expressly stated to be for the benefit of a particular Series, Class and Tranche of Notes being deemed to be in respect of the Notes of all
Series, Classes or Tranches for this purpose, and continuance of such default or breach for a period of 90 days after there has been given, by registered or certified mail, to the Issuing Entity and the Collateral Agent by the Indenture Trustee, to
the Issuing Entity and the Indenture Trustee by the Collateral Agent or to the Issuing Entity, the Collateral Agent and the Indenture Trustee by the Holders of at least 25% of the aggregate Outstanding Dollar Principal Amount of the Outstanding
Notes of the affected Series, Class or Tranche, a written notice specifying such default or breach and requesting it to be remedied and stating that such notice is a “Notice of Default” hereunder and, as a result of such default, the
interests of the Holders of the Notes of such Series, Class or Tranche are materially and adversely affected and continue to be materially and adversely affected during the 90-day period; 

(d)     the entry of an order for relief against the Issuing Entity under the Federal Bankruptcy
Code by a court having jurisdiction in the premises or a decree or order by a court having jurisdiction in the premises adjudging the Issuing Entity as bankrupt or insolvent under any other applicable federal or state law, or the entry of a decree
or order approving as properly filed a petition seeking reorganization, 

  
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arrangement, adjustment or composition of or in respect of the Issuing Entity under the Federal Bankruptcy Code or any other applicable federal or state law, or appointing a receiver, liquidator,
assignee, trustee, sequestrator (or other similar official) of the Issuing Entity or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in
effect for a period of 90 consecutive days; 
 (e)     the consent by the Issuing Entity to the
institution of bankruptcy or insolvency proceedings against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under the Federal Bankruptcy Code or any other applicable federal or state law, or the consent by
it to the filing of any such petition or to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Issuing Entity or of any substantial part of its property, or the making by it of an assignment
for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Issuing Entity in furtherance of any such action; or 

(f)     with respect to such Series, Class or Tranche, any additional Event of Default specified in
the Indenture Supplement for such Series, Class or Tranche of Notes as applying to such Series, Class or Tranche of Notes, or specified in the form of Note for such Series, Class or Tranche. 

Section 6.02    Acceleration of Maturity; Rescission and Annulment. 

(a)     If an Event of Default described in clause (a), (b), (c) or (f) (if the Event of
Default under clause (c) or (f) is with respect to less than all Series, Classes and Tranches of Notes then Outstanding) of Section 6.01 occurs and is continuing with respect to any Series, Class or Tranche, then and in each and every
such case, unless the principal of all the Notes of such Series, Class or Tranche shall have already become due and payable, either the Indenture Trustee or the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of the Notes of such Series, Class or Tranche then Outstanding hereunder (each such Series, Class or Tranche acting as a separate Class), by notice in writing to the
Issuing Entity (and to the Indenture Trustee if given by the Holders and in all cases with a copy of such notice to the applicable Collateral Agent), may declare the Outstanding Dollar Principal Amount of all the Outstanding Notes of such Series,
Class or Tranche and all interest accrued or principal accreted and unpaid (if any) thereon to be due and payable immediately, and upon any such declaration the same will become and will be immediately due and payable, anything in this Indenture,
the related Indenture Supplement or in the Notes of such Series, Class or Tranche to the contrary notwithstanding. Such payments are subject to the allocation provisions of the Asset Pool Supplement and the allocation, deposits and payment sections
of the related Indenture Supplement. 
 (b)     If an Event of Default described in clause
(c) or (f) of Section 6.01 occurs with respect to all Series, Classes and Tranches of Outstanding Notes and is continuing, then and in each and every such case, unless the principal of all the Notes shall have already become due and
payable, either the Indenture Trustee or the 

  
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Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of all the Outstanding Notes
hereunder (treated as one Class), by notice in writing to the Issuing Entity (and to the Indenture Trustee if given by Holders) and in all cases with a copy of such notice to the applicable Collateral Agent for each Asset Pool with affected Notes,
may declare the Outstanding Dollar Principal Amount of all the Notes then Outstanding and all interest accrued or principal accreted and unpaid (if any) thereon to be due and payable immediately, and upon any such declaration the same will become
and will be immediately due and payable, notwithstanding anything in this Indenture, the related Indenture Supplements or the Notes to the contrary. 

(c)     If an Event of Default described in clause (d) or (e) of Section 6.01 occurs
and is continuing, then the Notes of all Series, Classes and Tranches will automatically be and become immediately due and payable by the Issuing Entity, without notice or demand to any Person, and the Issuing Entity will automatically and
immediately be obligated to pay off the Notes. 
 At any time after such a declaration of acceleration has been made or an
automatic acceleration has occurred with respect to the Notes of any Series, Class or Tranche and before a judgment or decree for payment of the money due has been obtained by the Collateral Agent and/or the Indenture Trustee as hereinafter in this
Article VI provided, the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of such Series, Classes or Tranches, by written notice to the
Issuing Entity, the Indenture Trustee and the Collateral Agent, may rescind and annul such declaration and its consequences if: 

 (i)   the Issuing Entity has paid or deposited with the Indenture Trustee a sum
sufficient to pay (A) all overdue installments of interest on the Notes of such Series, Class or Tranche, (B) the principal of any Notes of such Series, Class or Tranche which have become due otherwise than by such declaration of
acceleration, and interest thereon at the rate or rates prescribed therefor by the terms of the Notes of such Series, Class or Tranche, to the extent that payment of such interest is lawful, (C) interest upon overdue installments of interest at
the rate or rates prescribed therefor by the terms of the Notes of such Series, Class or Tranche to the extent that payment of such interest is lawful, and (D) all sums paid by the Indenture Trustee hereunder and the reasonable compensation,
expenses and disbursements of the Indenture Trustee, its agents and counsel and all other amounts due to the Indenture Trustee under Section 7.07 and the Collateral Agent pursuant to the Asset Pool Supplement; and 

(ii)   all Events of Default with respect to such Series, Class or Tranche of Notes, other
than the nonpayment of the principal of the Notes of such Series, Class or Tranche which has become due solely by such acceleration, have been cured or waived as provided in Section 6.16. 

No such rescission will affect any subsequent default or impair any right consequent thereon. 

  
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 Section 6.03    Collection of Indebtedness and Suits
for Enforcement by Indenture Trustee or the Collateral Agent on Behalf of the Indenture Trustee.    The Issuing Entity covenants that if: 

(a)     the Issuing Entity defaults in the payment of interest on any Series, Class or Tranche of
Notes when such interest becomes due and payable and such default continues for a period of 35 days following the date on which such interest became due and payable, or 

(b)     the Issuing Entity defaults in the payment of the principal of any Series, Class or Tranche
of Notes on the Legal Maturity Date thereof; 
 the Issuing Entity will, upon demand of the Indenture Trustee or the Collateral Agent,
acting on behalf of the Indenture Trustee, pay (subject to the allocation provided in this Article VI and any related Indenture Supplement) to the Collateral Agent, on behalf of the Indenture Trustee, for the benefit of the Holders of any such Notes
of the affected Series, Class or Tranche, the whole amount then due and payable on any such Notes for principal and interest, with interest, to the extent that payment of such interest will be legally enforceable, upon the overdue principal and upon
overdue installments of interest, in the case of Interest-bearing Notes, at the rate of interest applicable to the stated principal amount thereof, unless otherwise specified in the applicable Indenture Supplement, and in addition thereto, will pay
such further amount as will be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of (x) the Indenture Trustee, its agents and counsel and all other amounts due
to the Indenture Trustee under Section 7.07 and (y) the Collateral Agent, its agents and counsel and all other amounts due to the Collateral Agent pursuant to the Asset Pool Supplement. 

If the Issuing Entity fails to pay such amounts forthwith upon such demand, the Indenture Trustee may or may instruct the
Collateral Agent, in its own name and as trustee of an express trust, to institute a judicial proceeding for the collection of the sums so due and unpaid, and may directly or may instruct the Collateral Agent to prosecute such proceeding to judgment
or final decree, and the Indenture Trustee or the Collateral Agent may enforce the same against the Issuing Entity or any other obligor upon the Notes of such Series, Class or Tranche and collect the money adjudged or decreed to be payable in the
manner provided by law out of the Collateral or from any other obligor upon such Notes, wherever situated. 

Section 6.04    Indenture Trustee or the Collateral Agent May File Proofs of
Claim.     In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Issuing Entity or any other
obligor upon the Notes or the property of the Issuing Entity or of such other obligor or their creditors, the Indenture Trustee (irrespective of whether the principal of the Notes will then be due and payable as therein expressed or by declaration
or otherwise and irrespective of whether the Collateral Agent will have made any demand on the Issuing Entity for the payment of overdue principal or interest) will be entitled and empowered either directly or through

  
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instruction to the Collateral Agent to do the same by intervention in such proceedings or otherwise: 

(a)     to file and prove a claim for the whole amount of principal and interest owing and unpaid in
respect of the Notes and to file such other papers or documents as may be necessary and advisable in order to have the claims of the Indenture Trustee or the Collateral Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances (x) of the Indenture Trustee, its agents and counsel and all other amounts due to the Indenture Trustee under Section 7.07 and (y) of the Collateral Agent, its agents and counsel and all other amounts due to
the Collateral Agent pursuant to the Asset Pool Supplement) and of the Noteholders allowed in such judicial proceeding, and 

(b)     to collect and receive any funds or other property payable or deliverable on any such claims
and to distribute the same; 
 and any receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any such
judicial proceeding is hereby authorized by each Noteholder to make such payment to the Collateral Agent or the Indenture Trustee, as the case may be, and in the event that the Indenture Trustee and the Collateral Agent will consent to the making of
such payments directly to the Noteholders, to pay (x) to the Indenture Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee, its agents and counsel, and any other amounts
due to the Indenture Trustee under Section 7.07 and (y) to the Collateral Agent any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Collateral Agent, its agents and counsel, and any other
amounts due to the Collateral Agent pursuant to the Asset Pool Supplement. 
 Nothing herein contained will be deemed to
authorize the Indenture Trustee or the Collateral Agent to authorize or consent to or accept or adopt on behalf of any Noteholder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder
thereof, or to authorize the Indenture Trustee or the Collateral Agent to vote in respect of the claim of any Noteholder in any such proceeding. 

Section 6.05    Indenture Trustee and the Collateral Agent May Enforce Claims Without Possession
of Notes.  All rights of action and claims under this Indenture or the Notes of any Series, Class or Tranche may be prosecuted and enforced by the Indenture Trustee or the Collateral Agent, at the direction of the Indenture Trustee,
without the possession of any of the Notes of such Series, Class or Tranche or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Indenture Trustee or the Collateral Agent, at the direction of the
Indenture Trustee, will be brought in its own name as trustee of an express trust, and any recovery of judgment will, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and
the Collateral Agent and their respective agents and counsel, be for the ratable benefit of the Holders of the Notes of the Series, Class or Tranche in respect of which such judgment has been recovered. 

  
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 Section 6.06    Application of Money
Collected.    Any money or other property collected by the Indenture Trustee or the Collateral Agent, at the direction of the Indenture Trustee, with respect to a Series, Class or Tranche of Notes pursuant to this Article VI
will be applied in the following order, at the date or dates fixed by the Indenture Trustee and, in case of the distribution of such money on account of principal or interest, upon presentation of the Notes of such Series, Class or Tranche and the
notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

(a)     first, to the payment, pari passu, of all amounts due to the Indenture Trustee
under subsection 7.07(a) and due to the Collateral Agent under the Asset Pool One Supplement; 

(b)     second, to the payment of the amounts then due and unpaid upon the Notes of that Series,
Class or Tranche for principal, plus any accrued but unpaid interest, and any additional interest, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind (but subject to the
allocation provided in the relevant allocation provisions of the Asset Pool One Supplement and the related Indenture Supplements), according to the amounts due and payable on such Notes for principal and interest, respectively; 

(c)     third, to pay any Trust Servicing Fees and any other fees or expenses then owing for that
Series, Class or Tranche of Notes; and 
 (d)     fourth, to the Issuing Entity. 

Section 6.07    Collateral Agent May Elect to Hold the Collateral
Certificate.  Following an acceleration of any Series, Class or Tranche of Notes, if a sale of Collateral does not take place, the Collateral Agent may, at the direction of the Indenture Trustee, elect to continue to hold a Collateral
Certificate and apply distributions on a Collateral Certificate in accordance with the regular distribution provisions pursuant to the relevant allocation provisions of the Asset Pool One Supplement, except that principal will be paid on the
accelerated Series, Class or Tranche of Notes to the extent funds are received and allocated to the accelerated Series, Class or Tranche of Notes, and payment is permitted by the subordination provisions of the accelerated Series, Class or Tranche
of Notes. 
 Section 6.08    Sale of Collateral for Accelerated Notes.   In
the case of a Series, Class or Tranche of Notes that has been accelerated following an Event of Default, the Collateral Agent may, at the direction of the Indenture Trustee, and at the direction of the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of that Series, Class or Tranche of Notes will, cause the Issuing Entity to sell Collateral as provided in the
related Indenture Supplement; provided, however, that none of the Transferor, any Affiliate of the Transferor, including Chase USA, or any agent of the Transferor shall be permitted to purchase Receivables in such case or to
participate in such vote whether as a Noteholder or otherwise. 

  
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 Section 6.09    Noteholders Have the Right to Direct
the Time, Method and Place of Conducting Any Proceeding for Any Remedy Available to the Indenture Trustee or the Collateral Agent.    The Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of any accelerated Series, Class or Tranche of Notes have the right to direct the time, method and place of conducting any proceeding for any remedy available to the
Indenture Trustee or the Collateral Agent, or exercising any trust or power conferred on the Indenture Trustee or on the Collateral Agent. This right may be exercised only if the direction provided by the Noteholders does not conflict with
applicable law or this Indenture and does not have a substantial likelihood of involving the Indenture Trustee or the Collateral Agent in personal liability. 

Section 6.10    Limitation on Suits.  Except if required in the provisions of
Section 13.06, to the fullest extent permitted by applicable law, no Holder of any Note of any Series, Class or Tranche will have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the
appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
 (a)     such
Holder has previously given written notice to the Indenture Trustee, who shall have forwarded such notice to the Collateral Agent of a continuing Event of Default with respect to Notes of such Series, Class or Tranche; 

(b)     the Holders of more than 25% in Outstanding Dollar Principal Amount of the Outstanding Notes
of such Series, Class or Tranche have made written request to the Indenture Trustee, who shall have forwarded such request to the Collateral Agent, to institute proceedings in respect of such Event of Default in the name of the Collateral Agent
under the Asset Pool One Supplement and on behalf of the Indenture Trustee hereunder; 

(c)     such Holder or Holders have offered to the Indenture Trustee for itself and for the benefit
of the Collateral Agent, indemnity reasonably satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request; 

(d)     both the Indenture Trustee and the Collateral Agent, on behalf of the Indenture Trustee, for
60 days after the Indenture Trustee has received such notice, request and offer of indemnity have failed to institute any such proceeding; and 

(e)     no direction inconsistent with such written request has been given to the Indenture Trustee,
on behalf of the Collateral Agent, during such 60-day period by the Majority Holders of such Series, Class or Tranche; 
 it being
understood and intended that no one or more Holders of Notes of such Series, Class or Tranche will have any right in any manner whatsoever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of
any other Holders of Notes of such Series, Class or Tranche, or to obtain or to seek to obtain priority or preference over any other such Holders or to enforce any right under this 

  
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Indenture, except in the manner herein provided and for the equal and proportionate benefit of all the Holders of all Notes of such Series, Class or Tranche. 

Section 6.11    Unconditional Right of Noteholders to Receive Principal and Interest; Limited
Recourse.   Notwithstanding any other provisions in this Indenture, the Holder of any Note will have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Note on the Legal
Maturity Date specified in the related Indenture Supplement and to institute suit for the enforcement of any such payment, and such right will not be impaired without the consent of such Holder; provided, however, that notwithstanding
any other provision of this Indenture to the contrary, the obligation to pay principal of or interest on the Notes or any other amount payable to any Noteholder and to make payments in respect of any Derivative Agreement, Supplemental Credit
Enhancement Agreement or Supplemental Liquidity Agreement, as applicable, will be without recourse to the Transferor, Chase USA, the Indenture Trustee, the Collateral Agent, the Owner Trustee or any Affiliate, officer, employee or director of any of
them, and the obligation of the Issuing Entity to pay principal of or interest on the Notes or any other amount payable to any Noteholder and to make payments in respect of any Derivative Agreement, Supplemental Credit Enhancement Agreement or
Supplemental Liquidity Agreement, as applicable, will be subject to the allocation and payment provisions of the Asset Pool Supplements and the applicable Indenture Supplements and limited to amounts available from the Collateral pledged to secure
the Notes of Asset Pool One. 
 Section 6.12    Restoration of Rights and
Remedies.     If the Indenture Trustee or the Collateral Agent, on behalf of the Indenture Trustee, or any Noteholder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding
has been discontinued or abandoned for any reason, then and in every such case the Issuing Entity, the Indenture Trustee, the Collateral Agent, on behalf of the Indenture Trustee, and the Noteholders will, subject to any determination in such
proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Indenture Trustee, the Collateral Agent, on behalf of the Indenture Trustee, and the Noteholders will continue as
though no such proceeding had been instituted. 
 Section 6.13    Rights and Remedies
Cumulative.    No right or remedy herein conferred upon or reserved to the Indenture Trustee, to the Collateral Agent, on behalf of the Indenture Trustee, or to the Noteholders is intended to be exclusive of any other right
or remedy, and every right and remedy will, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of
any right or remedy hereunder, or otherwise, will not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 6.14    Delay or Omission Not Waiver.   No delay or omission of the
Indenture Trustee, the Collateral Agent or of any Holder of any Note to exercise any right or remedy accruing upon any Event of Default will impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence
therein. Every 

  
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right and remedy given by this Article VI or by law to the Indenture Trustee, to the Collateral Agent, on behalf of the Indenture Trustee, or to the Noteholders may be exercised from time to
time, and as often as may be deemed expedient, by the Indenture Trustee, by the Collateral Agent, on behalf of the Indenture Trustee, or by the Noteholders, as the case may be. 

Section 6.15    Control by Noteholders.      Except as provided
in the provisions of Section 13.05, Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of any affected Series, Class or Tranche will
have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Indenture Trustee and the Collateral Agent on behalf of the Indenture Trustee, or exercising any trust or power conferred on the
Indenture Trustee, under this Indenture with respect to the Notes of such Series, Class or Tranche, provided that: 

(a)     the Indenture Trustee and the Collateral Agent, on behalf of the Indenture Trustee, will
have the right to decline to follow any such direction if the Indenture Trustee or the Collateral Agent, as the case may be, being advised by counsel, determines that the Action so directed may not lawfully be taken or would conflict with this
Indenture or if the Indenture Trustee or the Collateral Agent in good faith will, by a Collateral Agent Authorized Officer (as defined in the Asset Pool One Supplement), determine that the proceedings so directed would involve it in personal
liability or be unjustly prejudicial to the Holders not taking part in such direction, and 

(b)     the Indenture Trustee and the Collateral Agent, on behalf of the Indenture Trustee, may take
any other action permitted hereunder deemed proper by the Indenture Trustee or the Collateral Agent, as the case may be, which is not inconsistent with such direction. 

Section 6.16    Waiver of Past Defaults.   Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of any Series, Class or Tranche may on behalf of the Holders of all the Notes of such Series, Class or Tranche
waive any past default hereunder or under the related Indenture Supplement with respect to such Series, Class or Tranche and its consequences, except a default not theretofore cured: 

(a)     in the payment of the principal of or interest on any Note of such Series, Class or Tranche,
or 
 (b)     in respect of a covenant or provision hereof which under Article IX cannot be
modified or amended without the consent of the Holder of each Outstanding Note of such Series, Class or Tranche. 
 Upon
any such waiver, such default will cease to exist, and any Event of Default arising therefrom will be deemed to have been cured, for every purpose of this Indenture; but no such waiver will extend to any subsequent or other default or impair any
right consequent thereon. 
 Section 6.17    Undertaking for Costs.   All
parties to this Indenture agree, and each Holder of any Note by his acceptance thereof will be deemed to have agreed, 

  
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that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Indenture Trustee or the Collateral Agent for
any action taken or omitted by it as the Indenture Trustee or the Collateral Agent, respectively, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this
Section will not apply to any suit instituted by the Indenture Trustee, to any suit instituted by any Noteholder, or group of Noteholders, holding in the aggregate more than 25% in Outstanding Dollar Principal Amount of the Outstanding Notes of any
Series, Class or Tranche to which the suit relates, or to any suit instituted by any Noteholders for the enforcement of the payment of the principal of or interest on any Note on or after the applicable Legal Maturity Date expressed in such Note.

 Section 6.18    Waiver of Stay or Extension Laws.    The Issuing
Entity covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time
hereafter in force, which may affect the covenants or the performance of this Indenture; and the Issuing Entity (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will
not hinder, delay or impede the execution of any power herein granted to the Indenture Trustee or the Collateral Agent, but will suffer and permit the execution of every such power as though no such law had been enacted. 

[END OF ARTICLE VI] 

  
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 ARTICLE VII 

THE INDENTURE TRUSTEE 

Section 7.01    Certain Duties and Responsibilities. 

(a)     The Indenture Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture with respect to the Notes of any Series, Class or Tranche, and no implied covenants or obligations will be read into this Indenture against the Indenture Trustee. 

(b)     In the absence of bad faith on its part, the Indenture Trustee may, with respect to the
Notes of any Series, Class or Tranche, conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Indenture Trustee and conforming to the requirements of
this Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Indenture Trustee, the Indenture Trustee will be under a duty to examine the same to determine
whether or not they conform to the requirements of this Indenture but need not confirm or investigate the accuracy of any mathematical calculations or other facts stated therein. 

(c)     In case an Event of Default with respect to any Series, Class or Tranche of Notes has
occurred and is continuing, the Indenture Trustee will exercise with respect to the Notes of such Series, Class or Tranche such rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a
fiduciary would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(d)     No provision of this Indenture will be construed to relieve the Indenture Trustee from
liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

  (i)   this subsection (d) will not be construed to limit the effect of
subsections (a) and (b) of this Section; 
  (ii)   the Indenture Trustee
will not be liable for any error of judgment made in good faith by an Indenture Trustee Authorized Officer, unless it will be proved that the Indenture Trustee was negligent in ascertaining the pertinent facts; 

(iii)   the Indenture Trustee will not be liable with respect to any action taken or omitted
to be taken by it in good faith (A) in accordance with the direction of the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of any
Series, Class or Tranche relating to the time, method and place of conducting any proceeding for any remedy available to the Indenture Trustee, or exercising any trust or power conferred upon the Indenture Trustee, under this Indenture with respect
to the Notes of such Series, Class or Tranche or 

  
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(B) upon request from Holders representing the Requisite Petition Percentage pursuant to subsection 8.04(d)(ii); and 

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

(e)     Whether or not therein expressly so provided, every provision of this Indenture relating to
the conduct or affecting the liability of or affording protection to the Indenture Trustee will be subject to the provisions of this Section. 

Section 7.02    Notice of Defaults.   Within 90 days after the occurrence of
any default hereunder with respect to the Notes of any Series, Class or Tranche: 
 (a)     the
Indenture Trustee will transmit by mail to all Registered Noteholders of such Series, Class or Tranche, as their names and addresses appear in the Note Register, notice of such default hereunder known to the Indenture Trustee, 

(b)     the Indenture Trustee will notify all Holders of Bearer Notes of such Series, Class or
Tranche, by publication of notice of such default in an Authorized Newspaper, or as otherwise provided in the applicable Indenture Supplement, and 

(c)     the Indenture Trustee will give prompt written notification thereof to the Note Rating
Agencies, unless such default will have been cured or waived; 
 provided, however, that, except in the case of a default in
the payment of the principal of or interest on any Note of such Series, Class or Tranche, the Indenture Trustee will be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of
directors and/or Indenture Trustee Authorized Officers of the Indenture Trustee in good faith determine that the withholding of such notice is in the interests of the Noteholders of such Series, Class or Tranche. For the purpose of this Section, the
term “default,” with respect to the Notes of any Series, Class or Tranche, means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to the Notes of such Series, Class or Tranche.

 Section 7.03    Certain Rights of Indenture Trustee.   Except as
otherwise provided in Section 7.01: 
 (a)     the Indenture Trustee may conclusively rely
and will be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document (whether in its original or
facsimile form) believed by it to be genuine and to have been signed or presented by the proper party or parties; 

  
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 (b)     whenever in the administration of this
Indenture the Indenture Trustee will deem it desirable that a matter be proved or established before taking, suffering or omitting any action hereunder, the Indenture Trustee (unless other evidence be herein specifically prescribed) may, in the
absence of bad faith on its part, rely upon an Officer’s Certificate; 
 (c)     the
Indenture Trustee may consult with counsel of its own selection and the advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in
good faith and in reliance thereon; 
 (d)     the Indenture Trustee will be under no obligation
to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Noteholders pursuant to this Indenture, unless such Noteholders shall have offered to the Indenture Trustee security or indemnity
reasonably satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 

(e)     the Indenture Trustee will not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document, but the Indenture Trustee, in its discretion, may make such further inquiry or
investigation into such facts or matters as it may see fit, and, if the Indenture Trustee will determine to make such further inquiry or investigation, it will be entitled to examine the books, records and premises of the Issuing Entity, personally
or by agent or attorney; 
 (f)     the Indenture Trustee may execute any of the trusts or powers
hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Indenture Trustee will not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it
hereunder; and 
 (g)     the Indenture Trustee will not be responsible for filing any financing
statements or continuation statements in connection with the Notes, but will cooperate with the Issuing Entity in connection with the filing of such financing statements or continuation statements. 

Section 7.04    Not Responsible for Recitals or Issuance of Notes.    The
recitals contained herein and in the Notes, except the certificates of authentication, will be taken as the statements of the Issuing Entity, and the Indenture Trustee assumes no responsibility for their correctness. The Indenture Trustee makes no
representations as to the validity or sufficiency of this Indenture or of the Notes. The Indenture Trustee will not be accountable for the use or application by the Issuing Entity of Notes or the proceeds thereof. 

  
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 Section 7.05    May Hold
Notes.   Subject to the requirements of Rule 3a-7(a)(4)(i) under the Investment Company Act, the Indenture Trustee, any Paying Agent, the Note Registrar or any other agent of the Issuing Entity, in its individual or any other
capacity, may become the owner or pledgee of Notes and, subject to Sections 7.08, 7.09 and 7.13, may otherwise deal with the Issuing Entity with the same rights it would have if it were not Indenture Trustee, Paying Agent, Note Registrar or such
other agent. 
 Section 7.06    Money Held in Trust.     Money
held by the Indenture Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Indenture Trustee will be under no liability for interest on any money received by it hereunder except as otherwise
agreed with the Issuing Entity. 
 Section 7.07    Compensation and Reimbursement, Limit on
Compensation, Reimbursement and Indemnity. 
 (a)     The Issuing Entity agrees: 

  (i)   to pay to the Indenture Trustee from time to time reasonable compensation
(or, for so long as Wells Fargo Bank, National Association is the Indenture Trustee, such amount as has been mutually agreed upon) for all services rendered by it hereunder (which compensation will not be limited by any provision of law in regard to
the compensation of a trustee of an express trust); 
  (ii)   except as otherwise
expressly provided herein, to reimburse the Indenture Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Indenture Trustee in accordance with any provision of this Indenture (including the
reasonable compensation and the reasonable expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its negligence or bad faith; and 

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

The Indenture Trustee will have no recourse to any asset of the Issuing Entity other than funds available pursuant to Section 6.06 or to
any Person other than the Transferor, the Servicer or the Issuing Entity. Except as specified in Section 6.06, any such payment to the Indenture Trustee shall be subordinate to payments to be made to the Noteholders. 

(b)     This Section will survive the termination of this Indenture and the resignation or
replacement of the Indenture Trustee under Section 7.10. 

  
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 Section 7.08    Disqualification; Conflicting
Interests.     If the Indenture Trustee has or will acquire a conflicting interest within the meaning of the Trust Indenture Act, the Indenture Trustee will, if so required by the Trust Indenture Act, either eliminate
such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. Nothing herein will prevent the Indenture Trustee from filing with the Commission the application
referred to in the second to last paragraph of Section 310(b) of the Trust Indenture Act. 

Section 7.09    Corporate Indenture Trustee Required;
Eligibility.    There will at all times be an Indenture Trustee hereunder with respect to each Series, Class or Tranche of Notes, which will be either a bank or a corporation organized and doing business under the laws of the
United States of America or of any state thereof, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, subject to supervision or examination by federal or state authority,
having a rating of at least “BBB-” by Standard & Poor’s. The Indenture Trustee shall at all times meet the requirements of Rule 3a-7(a)(4)(i) under the Investment Company Act and
shall not provide credit or credit enhancement to the Issuing Entity. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the
purposes of this Section, the combined capital and surplus of such corporation will be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Issuing Entity may not, nor may any Person
directly or indirectly controlling, controlled by, or under common control with the Issuing Entity, serve as Indenture Trustee. If at any time the Indenture Trustee with respect to any Series, Class or Tranche of Notes will cease to be eligible in
accordance with the provisions of this Section, it will resign immediately in the manner and with the effect hereinafter specified in this Article VII. 

Section 7.10    Resignation and Removal; Appointment of Successor. 

(a)     No resignation or removal of the Indenture Trustee and no appointment of a successor
Indenture Trustee pursuant to this Article VII will become effective until the acceptance of appointment by the successor Indenture Trustee under Section 7.11. 

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

(c)     The Indenture Trustee may be removed with respect to any Series, Class or Tranche of Notes
at any time by Action of the Majority Holders of that Series, Class or Tranche, delivered to the Indenture Trustee and to the Issuing Entity. 

(d)     If at any time: 

  
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   (i)   the Indenture Trustee fails to
comply with Section 310(b) of the Trust Indenture Act with respect to any Series, Class or Tranche of Notes after written request therefor by the Issuing Entity or by any Noteholder who has been a bona fide Holder of a Note of that Series,
Class or Tranche for at least 6 months, or 
  (ii)   the Indenture Trustee ceases to
be eligible under Section 7.09 with respect to any Series, Class or Tranche of Notes and fails to resign after written request therefor by the Issuing Entity or by any such Noteholder, or 

(iii)   the Indenture Trustee becomes incapable of acting with respect to any Series, Class or
Tranche of Notes, or 
 (iv)   the Indenture Trustee is adjudged bankrupt or insolvent or a
receiver of the Indenture Trustee or of its property is appointed or any public officer takes charge or control of the Indenture Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

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

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

  
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situated, petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee with respect to such Series, Class or Tranche of Notes. 

(f)     The Issuing Entity will give written notice of each resignation and each removal of the
Indenture Trustee with respect to any Series, Class or Tranche of Notes and each appointment of a successor Indenture Trustee with respect to any Series, Class or Tranche to each Noteholder as provided in Section 1.06 and to each Note Rating
Agency. To facilitate delivery of such notice, upon request by the Issuing Entity, the Note Registrar shall provide to the Issuing Entity a list of the relevant Registered Noteholders. Each notice will include the name of the successor Indenture
Trustee and the address of its principal Corporate Trust Office. 
 Section 7.11    Acceptance
of Appointment by Successor.  Every successor Indenture Trustee appointed hereunder will execute, acknowledge and deliver to the Issuing Entity and to the predecessor Indenture Trustee an instrument accepting such appointment, with a
copy to the Note Rating Agencies, and thereupon the resignation or removal of the predecessor Indenture Trustee will become effective with respect to any Series, Class or Tranche of Notes as to which it is resigning or being removed as the Indenture
Trustee, and such successor Indenture Trustee, without any further act, deed or conveyance, will become vested with all the rights, powers, trusts and duties of the predecessor Indenture Trustee with respect to any such Series, Class or Tranche of
Notes; but, upon request of the Issuing Entity or the successor Indenture Trustee, such predecessor Indenture Trustee will, upon payment of its reasonable charges, if any, execute and deliver an instrument transferring to such successor Indenture
Trustee all the rights, powers and trusts of the predecessor Indenture Trustee, and will duly assign, transfer and deliver to such successor Indenture Trustee all property and money held by such predecessor Indenture Trustee hereunder with respect
to all or any such Series, Class or Tranche, subject nevertheless to its lien, if any, provided for in Section 7.07. Upon request of any such successor Indenture Trustee, the Issuing Entity will execute any and all instruments for more fully
and certainly vesting in and confirming to such successor Indenture Trustee all such rights, powers and trusts. 
 In case
of the appointment hereunder of a successor Indenture Trustee with respect to the Notes of one or more (but not all) Series, Classes or Tranches, the Issuing Entity, the predecessor Indenture Trustee and each successor Indenture Trustee with respect
to the Notes of any applicable Series, Class or Tranche will execute and deliver an Indenture Supplement which will contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the
predecessor Indenture Trustee with respect to the Notes of any Series, Class or Tranche as to which the predecessor Indenture Trustee is not being succeeded will continue to be vested in the predecessor Indenture Trustee, and will add to or change
any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Indenture Trustee, it being understood that nothing herein or in such Indenture Supplement will
constitute such Indenture Trustees co-trustees of the same trust and that each such Indenture Trustee will be Indenture Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such
Indenture Trustee. 

  
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 No successor Indenture Trustee with respect to any Series, Class or Tranche of
Notes will accept its appointment unless at the time of such acceptance such successor Indenture Trustee will be qualified and eligible under this Article VII. 

Section 7.12    Merger, Conversion, Consolidation or Succession to Business.  Any
corporation into which the Indenture Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Indenture Trustee shall be a party, or any
corporation succeeding to all or substantially all of the corporate trust business of the Indenture Trustee, will be the successor of the Indenture Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under
this Article VII, without the execution or filing of any paper or any further act on the part of any of the parties hereto. The Indenture Trustee shall give prompt written notice of such merger, conversion, consolidation or succession to the Note
Rating Agencies. In case any Notes shall have been authenticated, but not delivered, by the Indenture Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Indenture Trustee may adopt such authentication
and deliver the Notes so authenticated with the same effect as if such successor Indenture Trustee had itself authenticated such Notes. 

Section 7.13    Preferential Collection of Claims Against Issuing Entity.  If and
when the Indenture Trustee shall be or become a creditor of the Issuing Entity (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 of the Trust Indenture Act. An Indenture Trustee who
has resigned or been removed will be subject to subsection 311(a) of the Trust Indenture Act to the extent provided therein. 

Section 7.14    Appointment of Authenticating Agent.  At any time when any of the
Notes remain Outstanding the Indenture Trustee, with the approval of the Issuing Entity, may appoint an Authenticating Agent or Agents with respect to one or more Series, Classes or Tranches of Notes which will be authorized to act on behalf of the
Indenture Trustee to authenticate the Notes of such Series, Classes or Tranches issued upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 3.06, and the Notes so authenticated will be entitled to the
benefits of this Indenture and will be valid and obligatory for all purposes as if authenticated by the Indenture Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Notes by the Indenture Trustee or
the Indenture Trustee’s Certificate of Authentication, such reference will be deemed to include authentication and delivery on behalf of the Indenture Trustee by an Authenticating Agent and a Certificate of Authentication executed on behalf of
the Indenture Trustee by an Authenticating Agent. Each Authenticating Agent will be acceptable to the Issuing Entity and will at all times be a corporation organized and doing business under the laws of the United States of America, any state
thereof or the District of Columbia, authorized under such laws to act as an Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and, if other than the Issuing Entity itself, subject to supervision or examination
by federal or state authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined
capital and 

  
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surplus of such Authenticating Agent will be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent
will cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent will resign immediately in the manner and with the effect specified in this Section. The initial Authenticating Agent for the Notes of all Series,
Classes and Tranches will be Wells Fargo Bank, National Association. 
 Any corporation into which an Authenticating Agent
may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent will be a party, or any corporation succeeding to the corporate agency or
corporate trust business of an Authenticating Agent, will continue to be an Authenticating Agent, provided such corporation will be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the
part of the Indenture Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving
written notice thereof to the Indenture Trustee and to the Issuing Entity. The Indenture Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Issuing Entity.
Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating Agent will cease to be eligible in accordance with the provisions of this Section, the Indenture Trustee, with the approval of the
Issuing Entity, may appoint a successor Authenticating Agent which will be acceptable to the Issuing Entity and will give notice to each Noteholder as provided in Section 1.06. Any successor Authenticating Agent upon acceptance of its
appointment hereunder will become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent will be appointed unless eligible
under the provisions of this Section. 
 The Indenture Trustee agrees to pay to each Authenticating Agent (other than an
Authenticating Agent appointed at the request of the Issuing Entity from time to time) reasonable compensation for its services under this Section, and the Indenture Trustee will be entitled to be reimbursed for such payments, subject to the
provisions of Section 7.07. 
 If an appointment with respect to one or more Series, Classes or Tranches of Notes is
made pursuant to this Section, the Notes of such Series, Classes or Tranches may have endorsed thereon, in addition to the Indenture Trustee’s Certificate of Authentication, an alternate Certificate of Authentication in the following form: 

This is one of the Notes of the Series, Classes or Tranches designated therein referred to in the within-mentioned Indenture.

  
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	WELLS FARGO BANK,
	   NATIONAL ASSOCIATION,

as Indenture Trustee,

		
	By:	 	  

		 	As Authenticating Agent
		
	By:	 	  

		 	Authorized Signatory

 Section 7.15     Tax Returns. 

(a)     In the event that the Issuing Entity shall be required to file tax returns, the Servicer
shall prepare or shall cause to be prepared such tax returns and shall provide such tax returns to the Owner Trustee or the Beneficiary for signature at least 5 days before such tax returns are due to be filed. The Issuing Entity, in accordance with
the terms of each Indenture Supplement, shall also prepare or shall cause to be prepared all tax information required by law to be distributed to Noteholders and shall deliver such information to the Indenture Trustee at least 5 days prior to the
date it is required by law to be distributed to Noteholders. The Indenture Trustee, upon written request, will furnish the Servicer with all such information known to the Indenture Trustee as may be reasonably requested and required in connection
with the preparation of all tax returns of the Issuing Entity, and shall, upon request, execute such returns. In no event shall the Indenture Trustee or the Owner Trustee be personally liable for any liabilities, costs or expenses of the Issuing
Entity or any Noteholder arising under any tax law, including federal, state or local income or excise taxes or any other tax imposed on or measured by income (or any interest or penalty with respect thereto arising from a failure to comply
therewith). 
 (b)     In the event that the Issuing Entity is classified as a partnership for
federal income tax purposes, beginning with each taxable year after December 31, 2017, or if later, the date that Sections 6221 through 6241 of the Internal Revenue Code apply to the Issuing Entity, the Transferor (or a United States Affiliate
of the Transferor if the Transferor is ineligible) is hereby designated as the partnership representative under Section 6223(a) of the Internal Revenue Code to the extent allowed by law. The Issuing Entity shall, to the extent eligible, make
the election under Section 6221(b) of the Internal Revenue Code with respect to determinations of adjustments at the partnership level and take any other action such as filings, disclosures and notifications necessary to effectuate such
election. If the election described in the preceding sentence is not available, the Issuing Entity shall, to the extent eligible, make the election under Section 6226(a) of the Internal Revenue Code with respect to the alternative to payment of
imputed underpayments by a partnership and take any other action such as filings, disclosures and notifications necessary to effectuate such election. Notwithstanding the foregoing, each of the Issuing Entity, the Transferor and the Servicer are
authorized, in its sole discretion, to make any available election related to Sections 

  
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6221 through 6241 of the Internal Revenue Code and to take any action it deems necessary or appropriate to comply with the requirements of the Internal Revenue Code and conduct the Issuing
Entity’s affairs under Sections 6221 through 6241 of the Internal Revenue Code. 

Section 7.16    Representations and Covenants of the Indenture Trustee.  The
Indenture Trustee represents, warrants and covenants that: 
 (a)    The Indenture Trustee is a
national banking association duly organized and validly existing under the laws of the United States of America; 

(b)    The Indenture Trustee has full power and authority to deliver and perform this Indenture and has
taken all necessary action to authorize the execution, delivery and performance by it of this Indenture and other documents to which it is a party; and 

(c)    Each of this Indenture and other documents to which it is a party has been duly executed and
delivered by the Indenture Trustee and constitutes its legal, valid and binding obligation in accordance with its terms. 

Section 7.17    Custody of Collateral Certificates and Collateral.  Unless
otherwise specified in the Asset Pool One Supplement, each Collateral Certificate shall be registered in the name of and shall be delivered to and held by the applicable Collateral Agent in the State of New York separate and apart from all other
property held by such Collateral Agent. The Collateral Agent shall hold such of the Collateral as constitutes a Permitted Investment and all other Collateral in accordance with the Asset Pool One Supplement. 

Section 7.18    Indenture Trustee’s Application for Instructions from the Issuing
Entity.  Any application by the Indenture Trustee for written instructions from the Issuing Entity may, at the option of the Indenture Trustee, set forth in writing any action proposed to be taken or omitted by the Indenture Trustee
under and in accordance with this Indenture and the date on and/or after which such action shall be taken or such omission shall be effective, provided that such application shall make specific reference to this Section 7.18. The
Indenture Trustee shall not be liable for any action taken by, or omission of, the Indenture Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than 5
Business Days after the date any officer of the Issuing Entity actually receives such application, unless any such officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case
of an omission), the Indenture Trustee shall have received written instructions in response to such application specifying the action to be taken or omitted. 

[END OF ARTICLE VII] 

  
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 ARTICLE VIII 

NOTEHOLDERS’ MEETINGS, LISTS, REPORTS BY INDENTURE TRUSTEE AND ISSUING ENTITY 

Section 8.01    Issuing Entity To Furnish Indenture Trustee Names and Addresses of
Noteholders.   The Issuing Entity will furnish or cause to be furnished to the Indenture Trustee: 

(a)    not more than 15 days after each Record Date, in such form as the Indenture Trustee may reasonably
require, a list of the names and addresses of the Registered Noteholders of such Series, Classes or Tranches as of such date, and 

(b)    at such other times as the Indenture Trustee may request in writing, within 30 days after the
receipt by the Issuing Entity of any such request, a list of similar form and content as of a date not more than 15 days before the time such list is furnished; 

provided, however, that so long as the Indenture Trustee is the Note Registrar, no such list shall be required to be furnished.

 Section 8.02    Preservation of Information; Communications to Noteholders. 

(a)    The Indenture Trustee will preserve, in as current a form as is reasonably practicable, the names
and addresses of Registered Noteholders contained in the most recent list furnished to the Indenture Trustee as provided in Section 8.01 and the names and addresses of Registered Noteholders received by the Indenture Trustee in its capacity as
Note Registrar. The Indenture Trustee may destroy any list furnished to it as provided in Section 8.01 upon receipt of a new list so furnished. 

(b)    If 3 or more Holders of Notes of any Series, Class or Tranche (hereinafter referred to as
“applicants”) (or, if there are less than 3 such Holders, all of the Holders) apply in writing to the Indenture Trustee, and furnish to the Indenture Trustee reasonable proof that each such applicant has owned a Note of such Series, Class
or Tranche for a period of at least 6 months preceding the date of such application, and such application states that the applicants desire to communicate with other Holders of Notes of such Series, Class or Tranche or with the Holders of all Notes
with respect to their rights under this Indenture or under such Notes and is accompanied by a copy of the form of proxy or other communication which such applicants propose to transmit, then the Indenture Trustee will, within 5 Business Days after
the receipt of such application, at its election, either 
 (i)  afford such applicants access to
the information preserved at the time by the Indenture Trustee in accordance with subsection 8.02(a), or 

  
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 (ii) inform such applicants as to the approximate number of
Holders of Notes of such Series, Class or Tranche or all Notes, as the case may be, whose names and addresses appear in the information preserved at the time by the Indenture Trustee in accordance with subsection 8.02(a), and as to the approximate
cost of mailing to such Noteholders the form of proxy or other communication, if any, specified in such application. 
 If
the Indenture Trustee shall elect not to afford such applicants access to such information, the Indenture Trustee shall, upon the written request of such applicants, mail to each Holder of a Registered Note of such Series, Class or Tranche or to all
Registered Noteholders, as the case may be, whose names and addresses appear in the information preserved at the time by the Indenture Trustee in accordance with subsection 8.02(a), a copy of the form of proxy or other communication which is
specified in such request, with reasonable promptness after a tender to the Indenture Trustee of the material to be mailed and of payment, or provision for the payment, of the reasonable expenses of mailing, unless, within 5 days after such tender,
the Indenture Trustee shall mail to such applicants and file with the Commission, together with a copy of the material to be mailed, a written statement to the effect that, in the opinion of the Indenture Trustee, such mailing would be contrary to
the best interests of the Holders of Notes of such Series, Class or Tranche or all Noteholders, as the case may be, or would be in violation of applicable law. Such written statement will specify the basis of such opinion. If the Commission, after
opportunity for a hearing upon the objections specified in the written statement so filed, shall enter an order refusing to sustain any of such objections or if, after the entry of an order sustaining one or more of such objections, the Commission
shall find, after notice and opportunity for hearing, that all the objections so sustained have been met and shall enter an order so declaring, the Indenture Trustee will mail copies of such material to all Registered Noteholders of such Series,
Class or Tranche or all Registered Noteholders, as the case may be, with reasonable promptness after the entry of such order and the renewal of such tender; otherwise the Indenture Trustee will be relieved of any obligation or duty to such
applicants respecting their application. 
 (c)    Every Holder of Notes, by receiving and holding the
same, agrees with the Issuing Entity and the Indenture Trustee that neither the Issuing Entity nor the Indenture Trustee will be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of
Notes in accordance with subsection 8.02(b), regardless of the source from which such information was derived, and that the Indenture Trustee will not be held accountable by reason of mailing any material pursuant to a request made under subsection
8.02(b). 
 (d)    In addition to the foregoing provisions of this Section 8.02, requests by
Noteholders or Certified Note Owners of Notes that were issued publicly pursuant to a shelf registration statement on Commission Form SF-3 to communicate with other Noteholders or Note Owners with respect to the exercise of rights under the
Indenture, the other Transaction Documents or the Notes, shall be included on the Form 10-D filing by the Issuing Entity with respect to the Monthly Period during which the request was received and may include, but shall be limited to: (i) the
name of the 

  
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Noteholder or Note Owner making the request, (ii) the date the request was received, (iii) a statement to the effect that the Issuing Entity has received a request from such Noteholder
or Note Owner who is interested in communicating with other Noteholders or Note Owners with regard to the possible exercise of rights under the Indenture, the Transaction Documents or the Notes and (iv) a description of the method other
Noteholders or Note Owners may use to contact the requesting Noteholder or Note Owner, in accordance with the terms and provisions of Section 13.07. 

Section 8.03    Reports by Indenture Trustee. 

(a)    The term “reporting date” as used in this Section means December 31. Within 60 days
after the reporting date in each year, the Indenture Trustee will transmit to Noteholders, in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, a brief report dated as of such reporting date if required by
Section 313(a) of the Trust Indenture Act. 
 (b)    To the extent required by the Trust Indenture
Act, the Indenture Trustee will mail each year to all Registered Noteholders, with a copy to the Note Rating Agencies a report concerning: 

  (i)   its eligibility and qualifications to continue as trustee under this
Indenture; 
  (ii)   any amounts advanced by the Indenture Trustee under this
Indenture; 
 (iii)   the amount, interest rate and maturity date of indebtedness owing by
the Issuing Entity to each of the Indenture Trustee and the Collateral Agent, each in its individual capacity; 

(iv)   the property and funds physically held by the related Collateral Agent as Collateral
Agent of Asset Pool One by which such Notes are secured; 
  (v)   any release or
release and substitution of Collateral subject to the lien of the Asset Pool One Supplement which has not previously been reported; and 

(vi)   any action taken by the Indenture Trustee or the Collateral Agent, on behalf of the
Indenture Trustee, that materially affects the Notes and that has not previously been reported. 

(c)    The Indenture Trustee will comply with subsections 313(b) and 313(c) of the Trust Indenture Act.

 (d)    A copy of each such report will, at the time of such transmission to Noteholders, be filed by
the Indenture Trustee with each stock exchange upon which the Notes are listed, and also with the Commission. The Issuing Entity will 

  
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notify the Indenture Trustee when the Notes are admitted to trading on any stock exchange. 

Section 8.04    Meetings of Noteholders; Amendments and Waivers. 

(a)    If the Notes of a Series, Class or Tranche are issuable in whole or in part as Bearer Notes, a
meeting of the Noteholders of such Series, Class or Tranche may be called at any time and from time to time pursuant to this Section 8.04 to make, give or take any Action provided by this Indenture or any Indenture Supplement to be made, given
or taken by Noteholders of such Series, Class or Tranche. 
 (b)    The Indenture Trustee may call a
meeting of the Noteholders of any Series, Class or Tranche issuable in whole or in part as Bearer Notes at any time for any purpose specified in this Indenture or any Indenture Supplement. The Indenture Trustee will call a meeting upon request of
the Issuing Entity or the Holders of at least 10% in aggregate Outstanding Dollar Principal Amount of the Outstanding Notes of such Series, Class or Tranche issuable in whole or in part as Bearer Notes. Notwithstanding the foregoing, if a meeting is
requested for the purposes of determining whether to initiate an Asset Representations Review, the provisions of subsection 8.04(d)(ii) shall apply. 

(c)    To be entitled to vote at any meeting of the Noteholders of any Series, Class or Tranche, a Person
shall be (i) a Holder of one or more Outstanding Notes of such Series, Class or Tranche, or (ii) a Person appointed by an instrument in writing as proxy for the Noteholder or Noteholders of one or more Outstanding Notes of such Series,
Class or Tranche by the Noteholder or Noteholders. The only Person who shall be entitled to be present or to speak at any meeting of the Noteholders of any Series, Class or Tranche shall be the Persons entitled to vote at such meeting and their
counsel, any representatives of the Indenture Trustee and its counsel and any representatives of the Issuing Entity and its counsel. 

(d)    Any resolution passed or decision taken at any meeting of Noteholders duly held in accordance with
this Indenture will be binding on all Noteholders of the affected Series, Class or Tranche. 

(i)  Except for any consent that must be given by the Holders of each Outstanding Note affected or
any action to be taken by the Issuing Entity as holder of any Collateral Certificate and except as set forth in subsection 8.04(d)(ii), any resolution presented at any meeting at which a quorum is present may be adopted by the affirmative vote of
the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of that Series, Class or Tranche, as the case may be. However, any resolution with
respect to any Action which may be given by the Holders of not less than a specified percentage in aggregate Outstanding Dollar Principal Amount of Outstanding Notes of a Series, Class or Tranche of Bearer Notes may be adopted at any meeting at
which a quorum is present only by the affirmative vote of the Holders of not less than the 

  
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specified percentage in aggregate Outstanding Dollar Principal Amount of the Outstanding Notes of such Series, Class or Tranche. 

(ii)   Within 90 days after the filing of a Form 10-D disclosing that the Delinquency
Percentage for the Monthly Period covered by the Form 10-D was equal to or greater than the Delinquency Trigger (a “Delinquency Trigger Breach”), the Certified Note Owners of at least 5% of the aggregate Outstanding Dollar Principal
Amount of the Outstanding Notes (the “Requisite Petition Percentage”) may request the Indenture Trustee to initiate a vote of all Outstanding Notes to determine whether the Note Owners support engaging the Reviewer to conduct an
Asset Representations Review. A vote shall be initiated by the Indenture Trustee if the Requisite Petition Percentage provides instructions in writing to the Indenture Trustee requesting a vote. The Indenture Trustee shall thereupon follow its
standard procedures with respect to conducting the vote. If the Certified Note Owners of at least 5% of the aggregate Outstanding Dollar Principal Amount of Outstanding Notes participate in the vote and the Certified Note Owners representing at
least a simple majority of the Outstanding Dollar Principal Amount of the Notes casting a vote shall vote in favor of an Asset Representations Review, then the Indenture Trustee will notify the Servicer, Chase USA and the Transferor of the results
of the vote and an Asset Representations Review will be conducted by the Reviewer pursuant to subsection 13.05(b). The vote to direct such an Asset Representations Review must be completed within 150 days following the filing with the Commission of
the Form 10-D disclosing the Delinquency Trigger Breach. If the voting process is not completed within such 150-day period and a Delinquency Trigger Breach has not occurred in any subsequent reporting period, then the Certified Note Owners may not
initiate or, if already initiated, complete a vote to direct an Asset Representations Review with respect to that Delinquency Trigger Breach. However, if a Delinquency Trigger Breach occurs in a subsequent period, the 90-day petition period
described in the first sentence of this clause (ii) and the 150-day period for the completion of a vote will restart from the filing of the Form 10-D disclosing the most recent breach if no petition to vote has been initiated, no vote has been
scheduled and no Asset Representations Review is being conducted. Only one petition to vote, scheduled vote or Asset Representations Review shall be permitted to occur at any point in time. The Servicer shall reimburse the Indenture Trustee for the
reasonable expenses, disbursements and advances incurred or made by the Indenture Trustee in connection with the vote described in this subsection 8.04(d). 

(e)    Except as set forth in subsection 8.04(d)(ii), the quorum at any meeting will be persons holding
or representing the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of a Series, Class or Tranche or all Notes, as the case may be;
provided, that if any action is to be taken at that meeting concerning an Action that may be given by the Holders of not less than a specified percentage in aggregate Outstanding Dollar Principal Amount of the Outstanding Notes of a Series,
Class or Tranche, the persons holding or representing such specified percentage in 

  
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aggregate Outstanding Dollar Principal Amount of the Outstanding Notes of such Series, Class or Tranche or all Notes will constitute a quorum. 

(f)    The ownership of Bearer Notes will be proved as provided in subsection 1.04(c)(ii). 

(g)    The Issuing Entity may make reasonable rules for other matters relating to Action by or a meeting
of Noteholders not otherwise covered by this Section, including but not limited to the location or locations for such meeting, the manner of voting at such meeting, the appointment and duties of inspectors of the vote, the submission and examination
of proxies, certificates and other evidence of the right to vote and the appointment of a chairperson for the meeting. 

(h)    As set forth in the applicable Pooling and Servicing Agreement and the related Series Supplement,
with respect to certain actions requiring the consent or direction of Investor Certificateholders holding a specified percentage of the aggregate unpaid amount outstanding of Investor Certificates (whether by number of Series, as that term is
defined in the applicable Pooling and Servicing Agreement, or percentage of all outstanding Investor Certificates depending on the manner of voting or consenting on such matter), including consenting to certain amendments and terminating the related
Master Trust, the Issuing Entity, as holder of any Collateral Certificate, shall be deemed to be an Investor Certificateholder under such Pooling and Servicing Agreement, and will be deemed to have voted in accordance with the Investor
Certificateholders holding a majority of the aggregate Invested Amount outstanding of such Investor Certificates which are entitled to vote or consent on such matter; provided, however, that in the event Investor Certificateholders
holding equal portions of the Invested Amount outstanding of such Investor Certificates vote in the positive and in the negative, without taking into consideration the vote of the Issuing Entity, as holder of such Collateral Certificate, the Issuing
Entity shall be deemed to vote in the negative; provided further, that if the Collateral Certificate is the sole Investor Certificate outstanding which is entitled to vote or consent on such matter, the Issuing Entity, as holder
thereof, will be deemed to have voted in the negative. 
 Section 8.05    Reports by Issuing
Entity to the Commission.  The Issuing Entity will: 
 (a)    file with the Indenture
Trustee, within 15 days after the Issuing Entity is required to file the same with the Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission
may from time to time by rules and regulations prescribe) which the Issuing Entity may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act; or, if the Issuing Entity is not
required to file information, documents or reports pursuant to either of said Sections, then it will file with the Indenture Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of
the supplementary and periodic information, documents and reports which may be required pursuant to Section 13 of the Securities Exchange Act in respect of a security listed and 

  
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registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 

(b)     file with the Indenture Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information, documents and reports with respect to compliance by the Issuing Entity with the conditions and covenants of this Indenture as may be required from time to time by such
rules and regulations; and 
 (c)     transmit by mail to all Registered Noteholders, as their
names and addresses appear in the Note Register, and notify all Holders of Bearer Notes of such Series, Class or Tranche, by publication of such notice in an Authorized Newspaper or as otherwise provided in the applicable Indenture Supplement,
within 30 days after the filing thereof with the Indenture Trustee, such summaries of any information, documents and reports required to be filed by the Issuing Entity pursuant to paragraphs (a) and (b) of this Section as may be required
by rules and regulations prescribed from time to time by the Commission. 

Section 8.06    Monthly Noteholders’ Statement. On each Determination Date the Issuing
Entity will, in cooperation with the Servicer of the Master Trust and the Servicer under the Transfer and Servicing Agreement, complete and deliver to the Indenture Trustee and the Master Trust Trustee (with a copy to each Note Rating Agency), a
Monthly Noteholders’ Statement. 
 On each Payment Date, the Indenture Trustee shall make the Monthly
Noteholders’ Statement available electronically and, with the consent or at the direction of the Issuing Entity, such other information regarding the Notes and/or the Collateral as the Indenture Trustee may have in its possession, but only with
the use of a password provided by the Indenture Trustee or its agent to such Person upon receipt by the Indenture Trustee from such Person of a certification in a form acceptable to the Indenture Trustee; provided, however, that the
Indenture Trustee or its agent shall provide such password to the parties to this Indenture and each Note Rating Agency without requiring such certification; provided, further, however, that the Indenture Trustee shall have no
obligation to provide such information described in this Section 8.06 until it has received the requisite information from the Issuing Entity or the Servicer, as applicable. The Indenture Trustee will make no representation or warranty as to
the accuracy or completeness of such documents and will assume no responsibility therefor. 
 The Indenture Trustee’s
internet website shall be initially located at “www.ctslink.com” or at such other address as shall be specified by the Indenture Trustee from time to time in writing to each Note Rating Agency, each Noteholder and the parties to this
Indenture and to the Transfer and Servicing Agreement. In connection with providing access to the Indenture Trustee’s website, the Indenture Trustee may require registration and the acceptance of a disclaimer. Other than as set forth in
Section 7.01 hereof, the Indenture Trustee shall not be liable for the electronic dissemination of information as contemplated by this Section. 

  
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 Section 8.07     Payment Instruction to Master
Trust. 
 (a)     Promptly after the receipt by the Issuing Entity of each Monthly
Servicer’s Certificate under the applicable Series Supplement, the Issuing Entity will, in cooperation with the Servicer, complete an applicable Payment Instruction and deliver a copy thereof to the Indenture Trustee and the Master Trust
Trustee. 
 (b)     From time to time, the Issuing Entity will notify the Servicer of the
information necessary to be provided by the Issuing Entity under the applicable section of the applicable Pooling and Servicing Agreement as supplemented by any Series Supplement to calculate the Invested Amount of the Collateral Certificate issued
under such Pooling and Servicing Agreement. 
 [END OF ARTICLE VIII] 

  
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 ARTICLE IX 

INDENTURE SUPPLEMENTS; AMENDMENTS TO THE POOLING AND 

SERVICING AGREEMENT AND AMENDMENTS TO THE TRUST AGREEMENT 

Section 9.01    Supplemental Indentures and Amendments Without Consent of
Noteholders.  Without the consent of the Holders of any Notes but with prior notice to each Note Rating Agency, the Collateral Agent and the Indenture Trustee, at any time and from time to time, upon delivery by the Issuing Entity to
the Indenture Trustee and the Collateral Agent of an Officer’s Certificate to the effect that the Issuing Entity reasonably believes that such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at
any time in the future, and, with respect to subsections (a), (b), (d), (f) through (j) and (l) through (n) of this Section 9.01, and upon delivery of an Issuing Entity Tax Opinion, the Issuing Entity may amend this
Indenture, including any Asset Pool Supplement, any Indenture Supplement or enter into one or more Asset Pool Supplements or Indenture Supplements, in form satisfactory to the Indenture Trustee and the Collateral Agent, for any of the following
purposes: 
 (a)     to evidence the succession of another Entity to the Issuing Entity, and the
assumption by any such successor of the covenants of the Issuing Entity herein and in the Notes; 

(b)     to add to the covenants of the Issuing Entity, or to surrender any right or power herein
conferred upon the Issuing Entity by this Indenture, for the benefit of the Holders of the Notes of any or all Series, Classes or Tranches (and if such covenants or the surrender of such right or power are to be for the benefit of less than all
Series, Classes or Tranches of Notes, stating that such covenants are expressly being included or such surrenders are expressly being made solely for the benefit of one or more specified Series, Classes or Tranches of Notes); 

(c)     to cure any ambiguity, to correct or supplement any provision herein which may be
inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture; 

(d)     to add to this Indenture such provisions as may be expressly permitted by the Trust
Indenture Act, excluding, however, the provisions referred to in Section 316(a)(2) of the Trust Indenture Act as in effect at the date as of which this Indenture was executed or any corresponding provision in any similar federal statute
hereafter enacted; 
 (e)     to establish any form of Note, as provided in Article II, and to
provide for the issuance of any Series, Class or Tranche of Notes as provided in Article III and to set forth the terms thereof, and/or to add to the rights of the Holders of the Notes of any Series, Class or Tranche; 

(f)     to evidence and provide for the acceptance of appointment by another corporation as a
successor Indenture Trustee hereunder with respect to one or 

  
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more Series, Classes or Tranches of Notes and to add to or change any of the provisions of this Indenture as will be necessary to provide for or facilitate the administration of the trusts
hereunder by more than one Indenture Trustee, pursuant to Section 7.11; 
 (g)     to evidence and
provide for the acceptance of appointment by another corporation as a successor Collateral Agent under the Asset Pool Supplement with respect to the relevant Asset Pool and to add to or change any of the provisions of such Asset Pool Supplement as
will be necessary to provide for or facilitate the administration of the trusts under such Asset Pool Supplement by more than one Collateral Agent, to the extent provided for in such Asset Pool Supplement; 

(h)     to add any additional Early Amortization Events or Events of Default in respect of the Notes
of any or all Series, Classes or Tranches (and if such additional Events of Default are to be in respect of less than all Series, Classes or Tranches of Notes, stating that such Events of Default are expressly being included solely for the benefit
of one or more specified Series, Classes or Tranches of Notes); 
 (i)      to provide for
the consolidation of any Master Trust and the Issuing Entity into a single Entity or the transfer of assets in such Master Trust to the Issuing Entity after the termination of all Series of Investor Certificates (other than the related Collateral
Certificate or Certificates); 
 (j)      if the Transferor under the Transfer and Servicing
Agreement or any Pooling and Servicing Agreement is replaced under, the Transfer and Servicing Agreement or any such Pooling and Servicing Agreement, or one or more additional Beneficiaries under the Trust Agreement are added to, or replaced under,
the Trust Agreement, to make any necessary changes to the Indenture or any other related document; 

(k)     to establish an Asset Pool and to set forth the terms thereof, including the designation of
Collateral thereto, and/or to add to the rights of the Holders of Notes of any Series, Class or Tranche secured by an Asset Pool; 

(l)      to provide for additional or alternative forms of credit enhancement for any Tranche
of Notes; 
 (m)    to comply with any regulatory, accounting or tax laws; or 

(n)     to qualify for sale treatment under generally accepted accounting principles in effect prior
to November 15, 2009. 
 Additionally, notwithstanding any provision of this Article IX to the contrary and in
addition to (a) through (n) above, this Indenture, including any Indenture Supplement or any Asset Pool Supplement, may also be amended without the consent of the Indenture Trustee, the Collateral Agent or any of the Noteholders, upon
delivery of an Issuing Entity Tax Opinion for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture, any Indenture Supplement or any Asset Pool Supplement or of modifying in any
manner the rights of 

  
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the Holders of the Notes under this Indenture, any Indenture Supplement or any Asset Pool Supplement; provided, however, that (i) the Issuing Entity shall deliver to the
Indenture Trustee, the Collateral Agent and the Owner Trustee an Officer’s Certificate to the effect that the Issuing Entity reasonably believes that such amendment will not have an Adverse Effect and is not reasonably expected to have an
Adverse Effect at any time in the future and that such amendment does not adversely affect the rights, duties, benefits, protections, privileges or immunities of the Indenture Trustee or the applicable Collateral Agent and (ii) each Note Rating
Agency confirms in writing that such amendment will not cause a Ratings Effect. 

Section 9.02    Supplemental Indentures with Consent of Noteholders.  In addition
to any amendment permitted pursuant to Section 9.01 hereof, with prior notice to each applicable Note Rating Agency and the consent of Holders of more than
66 2⁄3% in Outstanding Dollar Principal Amount of each Series, Class or Tranche of Notes affected by such amendment of this Indenture, including any Asset Pool
Supplement and any Indenture Supplement, by Act of said Holders delivered to the Issuing Entity, the Collateral Agent and the Indenture Trustee, the Issuing Entity, the Collateral Agent and the Indenture Trustee, as applicable, upon delivery of an
Issuing Entity Tax Opinion, may enter into an amendment of this Indenture for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture or of modifying in any manner the rights of the
Holders of the Notes of each such Series, Class or Tranche under this Indenture or any Indenture Supplement; provided, however, that no such amendment of an Indenture Supplement will, without the consent of the Holder of each
Outstanding Note affected thereby: 
 (a)    change the scheduled payment date of any payment of
interest on any Note, or change a Scheduled Principal Payment Date or Legal Maturity Date of any Note; 

(b)    reduce the Stated Principal Amount of, or the interest rate on any Note, or change the method of
computing the Outstanding Dollar Principal Amount, the Adjusted Outstanding Dollar Principal Amount or the Nominal Liquidation Amount in a manner that is adverse to the Holder of any Note; 

(c)    [RESERVED]; 

(d)    impair the right to institute suit for the enforcement of any payment on any Note; 

(e)    reduce the percentage in Outstanding Dollar Principal Amount of the Outstanding Notes of any
Series, Class or Tranche of Notes, the consent of whose Holders is required for any such Indenture Supplement, or the consent of whose Holders is required for any waiver of compliance with the provisions of this Indenture or of defaults hereunder
and their consequences, provided for in this Indenture; 
 (f)    modify any of the provisions of this
Section or Section 6.18, except to increase any percentage of Holders required to consent to any such amendment 

  
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or to provide that other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Note affected thereby; 

(g)    permit the creation of any lien or other encumbrance on the Collateral of any Asset Pool that
secures any Tranche of Notes that is prior to the lien in favor of the Holders of the Notes of such Tranche; 

(h)    change any Place of Payment where any principal of, or interest on, any Note is payable, unless
otherwise provided in the applicable Indenture Supplement; 
 (i)    change the method of computing the
amount of principal of, or interest on, any Note on any date; or 
 (j)    make any other amendment not
permitted by Section 9.01. 
 An amendment of this Indenture or an Indenture Supplement which changes or eliminates
any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular Series, Classes or Tranches of Notes, or which modifies the rights of the Holders of Notes of any such Series, Class
or Tranche with respect to such covenant or other provision, will be deemed not to affect the rights under this Indenture of the Holders of Notes of any other Series, Class or Tranche. 

It will not be necessary for any Act of Noteholders under this Section to approve the particular form of any proposed
amendment or Indenture Supplement, but it will be sufficient if such Act will approve the substance thereof. 

Section 9.03    Execution of Amendments and Indenture Supplements.  In executing or
accepting the additional trusts created by any amendment of this Indenture or Indenture Supplement permitted by this Article IX or the modifications thereby of the trusts created by this Indenture, the Indenture Trustee or the Collateral Agent, on
behalf of the Indenture Trustee, will be entitled to receive, and (subject to Section 7.01 or the applicable provisions of the Asset Pool One Supplement) will be fully protected in relying upon, an Opinion of Counsel stating that the execution
of such amendment or Indenture Supplement is authorized or permitted by this Indenture and that all conditions precedent thereto have been satisfied. The Indenture Trustee or the Collateral Agent, on behalf of the Indenture Trustee, may, but will
not (except to the extent required in the case of an amendment or Indenture Supplement entered into under subsection 9.01(d), 9.01(f) or 9.01(g)) be obligated to, enter into any such amendment or Indenture Supplement which affects the Indenture
Trustee’s or the Collateral Agent’s own rights, duties or immunities under this Indenture or otherwise. 

Section 9.04    Effect of Amendments and Indenture Supplements.  Upon the execution
of any amendment of this Indenture or Indenture Supplement under this Article IX, this Indenture will be modified in accordance therewith with respect to each Series, Class or Tranche of Notes affected thereby, or all Notes, as the case may be, and
such amendment or Indenture Supplement will form a part of this Indenture for all 

  
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purposes; and every Holder of Notes theretofore or thereafter authenticated and delivered hereunder will be bound thereby to the extent provided therein. 

Section 9.05    Conformity with Trust Indenture Act.  Every amendment of this
Indenture or Indenture Supplement executed pursuant to this Article IX will conform to the requirements of the Trust Indenture Act as then in effect. 

Section 9.06    Reference in Notes to Indenture
Supplements.     Notes authenticated and delivered after the execution of any amendment of this Indenture or Indenture Supplement pursuant to this Article IX may, and will if required by the Indenture Trustee, bear a
notation in form approved by the Indenture Trustee as to any matter provided for in such amendment or Indenture Supplement. If the Issuing Entity will so determine, new Notes so modified as to conform, in the opinion of the Indenture Trustee and the
Issuing Entity, to any such amendment or Indenture Supplement may be prepared and executed by the Issuing Entity and authenticated and delivered by the Indenture Trustee in exchange for Outstanding Notes. 

Section 9.07    Amendments to the Pooling and Servicing Agreement.  By their
acceptance of a Note, the Noteholders acknowledge that the Transferor, Chase USA and the Master Trust Trustee may amend the applicable Pooling and Servicing Agreement and any supplement thereto without the consent of the Holders of any Investor
Certificates (including the Issuing Entity) or any Noteholder, so long as such amendment or supplement would not materially adversely affect the interest of the Holders of any Investor Certificates. 

For purposes of any vote or consent under a Pooling and Servicing Agreement or any supplement thereto, with respect to
certain actions requiring the consent or direction of Investor Certificateholders holding a specified percentage of the aggregate unpaid amount outstanding of Investor Certificates (whether by number of Series or percentage of all outstanding
Investor Certificates depending on the manner of voting or consenting on such matter), including consenting to certain amendments and terminating the related Master Trust, the Issuing Entity, as holder of the Collateral Certificate, shall be deemed
to be an Investor Certificateholder under such Pooling and Servicing Agreement, and will be deemed to have voted in accordance with the Investor Certificateholders holding a majority of the aggregate Invested Amount outstanding of such Investor
Certificates which are entitled to vote or consent on such matter; provided, however, that in the event Investor Certificateholders holding equal portions of the Invested Amount outstanding of such Investor Certificates vote in the
positive and in the negative, without taking into consideration the vote of the Issuing Entity, as holder of such Collateral Certificate, the Issuing Entity shall be deemed to vote in the negative; provided further, that if the
Collateral Certificate is the sole Investor Certificate outstanding entitled to vote or consent on such matter, the Issuing Entity, as holder thereof, will be deemed to have voted in the negative. 

  
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 Section 9.08    Amendments to the Trust
Agreement. 
 (a)    Subject to the provisions of the Trust Agreement, without the consent of the
Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected
to have an Adverse Effect at any time in the future. 
 (b)    Subject to the provisions of the Trust
Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche of Notes
affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄3% in Outstanding Dollar Principal Amount of the
Outstanding Notes affected by such amendment, by action of said Holders delivered to Chase Card Funding and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary may amend the Trust Agreement for the purpose of adding,
changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders. 
 [END OF ARTICLE IX] 

  
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 ARTICLE X 

REPRESENTATIONS, WARRANTIES AND COVENANTS OF ISSUING ENTITY 

Section 10.01    Payment of Principal and Interest.  With respect to each Series,
Class or Tranche of Notes, the Issuing Entity will duly and punctually pay the principal of and interest on such Notes in accordance with their terms and this Indenture, and will duly comply with all the other terms, agreements and conditions
contained in, or made in this Indenture for the benefit of, the Notes of such Series, Class or Tranche. 

Section 10.02    Maintenance of Office or Agency.  The Issuing Entity will maintain
an office or agency in each Place of Payment where Notes may be presented or surrendered for payment, where Notes may be surrendered for transfer or exchange and where notices and demands to or upon the Issuing Entity in respect of the Notes and
this Indenture may be served. The Issuing Entity will give prompt written notice to the Indenture Trustee of the location, and of any change in the location, of such office or agency. If at any time the Issuing Entity will fail to maintain such
office or agency or will fail to furnish the Indenture Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Indenture Trustee, and the Issuing Entity hereby
appoints the Indenture Trustee its agent to receive all such presentations, surrenders, notices and demands. 
 The Issuing
Entity may also from time to time designate one or more other offices or agencies where the Notes of one or more Series, Classes or Tranches may be presented or surrendered for any or all of such purposes specified above and may constitute and
appoint one or more Paying Agents for the payments of such Notes, in one or more other cities, and may from time to time rescind such designations and appointments; provided, however, that no such designation, appointment or rescission
shall in any matter relieve the Issuing Entity of its obligations to maintain an office or agency in each Place of Payment for Notes of any Series, Class or Tranche for such purposes. The Issuing Entity will give prompt written notice to the
Indenture Trustee of any such designation or rescission and of any change in the location of any such other office or agency. Unless and until the Issuing Entity rescinds one or more of such appointments, the Issuing Entity hereby appoints the
Indenture Trustee, at its principal office, as its Paying Agent in Minneapolis, Minnesota with respect to all Series, Classes and Tranches of Notes having a Place of Payment in the City of Minneapolis, Minnesota. 

Section 10.03    Money for Note Payments to be Held in Trust.  The Paying Agent, on
behalf of the Indenture Trustee, will make distributions to Noteholders from the Collection Account of Asset Pool One or other applicable Bank Account pursuant to the provisions of the Asset Pool One Supplement or any Indenture Supplement and will
report the amounts of such distributions to the Indenture Trustee. Any Paying Agent will have the revocable power to withdraw funds from the Collection Account of Asset Pool One or other applicable Bank Account for the purpose of making the
distributions referred to above. The Indenture Trustee may revoke such power and remove the Paying Agent if the Indenture Trustee determines in its sole discretion that the Paying Agent has failed to perform its obligations under this Indenture or
any Indenture Supplement in any 

  
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material respect. The Paying Agent upon removal will return all funds in its possession to the Indenture Trustee. 

The Issuing Entity will cause each Paying Agent (other than the Indenture Trustee) for any Series, Class or Tranche of Notes
to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent will agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it so agrees), subject to the provisions of this Section, that such
Paying Agent will: 
 (a)     hold all sums held by it for the payment of principal of or interest
on Notes of such Series, Class or Tranche in trust for the benefit of the Persons entitled thereto until such sums will be paid to such Persons or otherwise disposed of as herein provided; 

(b)     if such Paying Agent is not the Indenture Trustee, give the Indenture Trustee notice of any
default by the Issuing Entity (or any other obligor upon the Notes of such Series, Class or Tranche) in the making of any such payment of principal or interest on the Notes of such Series, Class or Tranche; 

(c)     if such Paying Agent is not the Indenture Trustee, at any time during the continuance of any
such default, upon the written request of the Indenture Trustee, forthwith pay to the Indenture Trustee all sums so held in trust by such Paying Agent; 

(d)     immediately resign as a Paying Agent and, if such Paying Agent is not the Indenture Trustee,
forthwith pay to the Indenture Trustee all sums held by it in trust for the payment of Notes if at any time it ceases to meet the standards described in this Section required to be met by a Paying Agent at the time of its appointment; and 

(e)     comply with all requirements of the Internal Revenue Code or any other applicable tax law
with respect to the withholding from any payments made by it on any Notes of any applicable withholding taxes imposed thereon and with respect to any applicable reporting requirements in connection therewith. 

The Issuing Entity may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture with
respect to any Series, Class or Tranche of Notes or for any other purpose, pay, or by an Officer’s Certificate direct any Paying Agent to pay, to the Indenture Trustee all sums held in trust by the Issuing Entity or such Paying Agent in respect
of each and every Series, Class or Tranche of Notes as to which it seeks to discharge this Indenture or, if for any other purpose, all sums so held in trust by the Issuing Entity in respect of all Notes, such sums to be held by the Indenture Trustee
upon the same trusts as those upon which such sums were held by the Issuing Entity or such Paying Agent; and, upon such payment by any Paying Agent to the Indenture Trustee, such Paying Agent will be released from all further liability with respect
to such money. 

  
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 Any money deposited with the Indenture Trustee or any Paying Agent, or then held
by the Issuing Entity, in trust for the payment of the principal of or interest on any Note of any Series, Class or Tranche and remaining unclaimed for two years after such principal or interest has become due and payable will be paid to the Issuing
Entity upon request in an Officer’s Certificate, or (if then held by the Issuing Entity) will be discharged from such trust; and the Holder of such Note will thereafter, as an unsecured general creditor, look only to the Issuing Entity for
payment thereof, and all liability of the Indenture Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuing Entity as trustee thereof, will thereupon cease. The Indenture Trustee or such Paying Agent, before
being required to make any such repayment, may at the expense of the Issuing Entity give to the Holders of the Notes as to which the money to be repaid was held in trust, as provided in Section 1.06, a notice that such funds remain unclaimed
and that, after a date specified in the notice, which will not be less than 30 days from the date on which the notice was first mailed or published to the Holders of the Notes as to which the money to be repaid was held in trust, any unclaimed
balance of such funds then remaining will be paid to the Issuing Entity free of the trust formerly impressed upon it. 

Each Paying Agent will at all times have a combined capital and surplus of at least $50,000,000 and be subject to supervision
or examination by a United States federal or state authority or be regulated by or subject to the supervision or examination of a governmental authority of a nation that is member of the Organization for Economic Co-operation and Development. If
such Paying Agent publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Paying
Agent will be deemed to be its combined capital and surplus as set forth in its most recent report of condition as so published. 

Section 10.04    Statement as to Compliance.     The Issuing Entity
will deliver to the Indenture Trustee and the Note Rating Agencies, on or before April 30 of each year, a written statement signed by an Issuing Entity Authorized Officer stating that: 

(a)     a review of the activities of the Issuing Entity during the prior year and of the Issuing
Entity’s performance under this Indenture and under the terms of the Notes has been made under such Issuing Entity Authorized Officer’s supervision; and 

(b)     to the best of such Issuing Entity Authorized Officer’s knowledge, based on such
review, the Issuing Entity has complied in all material respects with all conditions and covenants under this Indenture throughout such year, or, if there has been a default in the fulfillment of any such condition or covenant (without regard to any
grace period or requirement of notice), specifying each such default known to such Issuing Entity Authorized Officer and the nature and status thereof. 

Section 10.05    Legal Existence.  The Issuing Entity will do or cause to be done
all things necessary to preserve and keep in full force and effect its legal existence. 

  
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 Section 10.06  Further Instruments and
Acts.     Upon request of the Indenture Trustee, the Issuing Entity will execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the
purpose of this Indenture. 
 Section 10.07  Compliance with Laws.    The Issuing
Entity will comply with the requirements of all applicable laws, the noncompliance with which would, individually or in the aggregate, materially and adversely affect the ability of the Issuing Entity to perform its obligations under the Notes or
this Indenture. 
 Section 10.08  Notice of Events of Default.    The Issuing
Entity agrees to give the Indenture Trustee and the Note Rating Agencies prompt written notice of each Event of Default hereunder and each breach on the part of the Master Trust, Chase USA or the Transferor of its respective obligations under the
Pooling and Servicing Agreement and any default of a Derivative Counterparty. 
 Section 10.09  Certain
Negative Covenants.   The Issuing Entity will not: 
 (a)    claim any credit on, or
make any deduction from the principal or interest payable in respect of, the Notes (other than amounts withheld in good faith from such payments under the Internal Revenue Code or other applicable tax law including foreign withholding); 

(b)    permit the validity or effectiveness of this Indenture to be impaired, or permit the lien in favor
of the Indenture Trustee, the Collateral Agent and the Noteholders created by this Indenture and the Asset Pool Supplement to be amended, hypothecated, subordinated, terminated or discharged, or permit any Person to be released from any covenants or
obligations with respect to the Notes under this Indenture except as may be expressly permitted hereby; 

(c)    permit any lien, charge, excise, claim, security interest, mortgage or other encumbrance (other
than the lien in favor of the Indenture Trustee, the Collateral Agent and the Noteholders created by this Indenture) to be created on or extend to or otherwise arise upon or burden the Collateral designated for inclusion in an Asset Pool or any part
thereof or any interest therein or the proceeds thereof; 
 (d)    permit the lien in favor of the
Indenture Trustee, the Collateral Agent and the Noteholders created by this Indenture and the Asset Pool Supplement not to constitute a valid first priority security interest in the Collateral designated for inclusion in an Asset Pool; or 

(e)    voluntarily dissolve or liquidate. 

Section 10.10  No Other Business.   The Issuing Entity will not engage in any business
other than as permitted under the Trust Agreement. 
 Section 10.11  Rule 144A
Information.   For so long as any of the Notes of any Series, Class or Tranche are “restricted securities” within the meaning of Rule 

  
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144(a)(3) under the Securities Exchange Act, the Issuing Entity agrees to provide to any Noteholder of such Series, Class or Tranche and to any prospective purchaser of Notes designated by such
Noteholder, upon the request of such Noteholder or prospective purchaser, any information required to be provided to such Holder or prospective purchaser to satisfy the conditions set forth in Rule 144A(d)(4) under the Securities Exchange Act. 

Section 10.12   Performance of Obligations; Servicing of Receivables. 

(a)    The Issuing Entity will not take any action and will use its best efforts not to permit any action
to be taken by others that would release any Person from any of such Person’s material covenants or obligations under any instrument or agreement included in the Collateral or that would result in the amendment, hypothecation, subordination,
termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as expressly provided in this Indenture, the Trust Agreement, the Transfer and Servicing Agreement, the applicable Pooling and
Servicing Agreement or such other instrument or agreement. 
 (b)    The Issuing Entity will punctually
perform and observe all of its obligations and agreements contained in this Indenture, any Indenture Supplement, the Trust Agreement and in the instruments and agreements (including but not limited to, the applicable Pooling and Servicing Agreement)
relating to the Collateral designated for inclusion in each Asset Pool, including but not limited to filing or causing to be filed all UCC financing statements and continuation statements required to be filed by the terms of this Indenture and the
Trust Agreement in accordance with and within the time periods provided for herein and therein. Except as otherwise expressly provided herein or therein, the Issuing Entity shall not waive, amend, modify, supplement or terminate this Indenture, any
Indenture Supplement or the Trust Agreement or any provision thereof without the consent of the Majority Holders of the Notes of each adversely affected Series, Class or Tranche of Notes. 

Section 10.13  Issuing Entity May Consolidate, Etc., Only on Certain Terms. 

(a)    The Issuing Entity shall not consolidate or merge with or into any other Person, unless: 

(i)  the Person (if other than the Issuing Entity) formed by or surviving such consolidation or
merger (A) shall be a Person organized and existing under the laws of the United States of America or any state thereof or the District of Columbia, (B) shall not be subject to regulation as an “investment company” under the
Investment Company Act and (C) shall expressly assume, by an Indenture Supplement, executed and delivered to the Indenture Trustee, in a form satisfactory to the Indenture Trustee, the due and punctual payment of the principal of and interest
on all Notes and the performance of every covenant of this Indenture on the part of the Issuing Entity to be performed or observed; 

  
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  (ii)   immediately after giving effect to
such transaction, no Event of Default or Early Amortization Event shall have occurred and be continuing; 

(iii)   the Issuing Entity shall have delivered to the Indenture Trustee an Officer’s
Certificate and an Opinion of Counsel each stating that (A) such consolidation or merger and such Indenture Supplement comply with this Section 10.13, (B) all conditions precedent in this Section 10.13 relating to such
transaction have been complied with (including any filing required by the Securities Exchange Act), and (C) such Indenture Supplement is duly authorized, executed and delivered and is valid, binding and enforceable against such Person; 

 (iv)   the Issuing Entity shall have received written confirmation from each Note Rating
Agency that there will be no Ratings Effect with respect to any Outstanding Notes as a result of such consolidation or merger; 

  (v)   the Issuing Entity shall have received (and shall have delivered copies
thereof to the Indenture Trustee) an Issuing Entity Tax Opinion and a Master Trust Tax Opinion, if applicable; 

 (vi)   any action that is necessary to maintain the lien and security interest created
by this Indenture shall have been taken; and 
 (vii)   such action shall not be contrary to
the status of the Issuing Entity as a qualified special purpose entity under SFAS 140. 
 (b)    The
Issuing Entity shall not convey or transfer any of its properties or assets, including those included in the Collateral, substantially as an entirety to any Person, unless: 

  (i)   the Person that acquires by conveyance or transfer the properties and assets
of the Issuing Entity the conveyance or transfer of which is hereby restricted shall (A) be a United States citizen or a Person organized and existing under the laws of the United States of America or any state thereof, or the District of
Columbia, (B) expressly assume, by an Indenture Supplement, executed and delivered to the Indenture Trustee, in form satisfactory to the Indenture Trustee, the due and punctual payment of the principal of and interest on all Notes and the
performance or observance of every agreement and covenant of this Indenture on the part of the Issuing Entity to be performed or observed, all as provided herein, (C) expressly agree by means of such Indenture Supplement that all right, title
and interest so conveyed or transferred shall be subject and subordinate to the rights of Holders of the Notes, (D) expressly agree by means of such Indenture Supplement that such Person (or if a group of Persons, then one specified Person)
shall make all filings with the Commission (and any other appropriate Person) required by the Securities Exchange Act in connection with the Notes and (E) not be an “investment company” as defined in the Investment Company Act; 

  
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  (ii)   immediately after giving effect to
such transaction, no Event of Default or Early Amortization Event shall have occurred and be continuing; 

(iii)   the Issuing Entity shall have received written confirmation from each Note Rating
Agency that there will be no Ratings Effect with respect to any Outstanding Notes as a result of such conveyance or transfer; 

 (iv)   the Issuing Entity shall have received (and shall have delivered copies thereof
to the Indenture Trustee) an Issuing Entity Tax Opinion and a Master Trust Tax Opinion, if applicable; 

  (v)   any action that is necessary to maintain the lien and security interest
created by this Indenture shall have been taken; and 
  (vi)   the Issuing Entity
shall have delivered to the Indenture Trustee an Officer’s Certificate and an Opinion of Counsel each stating that such conveyance or transfer and such Indenture Supplement comply with this Section 10.13 and that all conditions precedent
herein provided for relating to such transaction have been complied with (including any filing required by the Securities Exchange Act). 

Section 10.14  Successor Substituted.   Upon any consolidation or merger, or any
conveyance or transfer of the properties and assets of the Issuing Entity substantially as an entirety in accordance with Section 10.13 hereof, the Person formed by or surviving such consolidation or merger (if other than the Issuing Entity) or
the Person to which such conveyance or transfer is made shall succeed to, and be substituted for, and may exercise every right and power of, the Issuing Entity under this Indenture with the same effect as if such Person had been named as the Issuing
Entity herein. In the event of any such conveyance or transfer, the Person named as the Issuing Entity in the first paragraph of this Indenture or any successor which shall theretofore have become such in the manner prescribed in this
Section 10.14 shall be released from its obligations under this Indenture as issued immediately upon the effectiveness of such conveyance or transfer, provided that the Issuing Entity shall not be released from any obligations or
liabilities to the Indenture Trustee or the Noteholders arising prior to such effectiveness. 

Section 10.15  Guarantees, Loans, Advances and Other Liabilities.  Except as contemplated by
this Indenture or the Trust Agreement, the Issuing Entity shall not make any loan or advance or credit to, or guarantee (directly or indirectly or by an instrument having the effect of assuring another’s payment or performance on any obligation
or capability of so doing or otherwise), endorse or otherwise become contingently liable, directly or indirectly, in connection with the obligations, stocks or dividends of, or own, purchase, repurchase or acquire (or agree contingently to do so)
any stock, obligations, assets or securities of, or any other interest in, or make any capital contribution to, any other Person. 

  
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 Section 10.16  Capital Expenditures.   The
Issuing Entity shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty). 

Section 10.17  Restricted Payments.   The Issuing Entity shall not, directly or
indirectly, (i) pay any dividend or make any distribution (by reduction of capital or otherwise), whether in cash, property, securities or a combination thereof, to the Owner Trustee or any owner of a beneficial interest in the Issuing Entity
or otherwise with respect to any ownership or equity interest or security in or of the Issuing Entity or to the Servicer, (ii) redeem, purchase, retire or otherwise acquire for value any such ownership or equity interest or security or
(iii) set aside or otherwise segregate any amounts for any such purpose; provided, however, that the Issuing Entity may make, or cause to be made, (x) distributions as contemplated by, and to the extent funds are available
for such purpose under, the Trust Agreement and (y) payments to the Indenture Trustee pursuant to Section 7.07 hereof and payments to the Collateral Agent pursuant to the Asset Pool Supplement. The Issuing Entity will not, directly or
indirectly, make payments to or distributions from the Collection Account except in accordance with this Indenture or any Indenture Supplement. 

Section 10.18  No Borrowing.    The Issuing Entity will not issue, incur, assume,
guarantee or otherwise become liable, directly or indirectly, for any additional indebtedness, except pursuant to a subordinated note or as otherwise provided in the Issuing Entity’s charter documents. 

[END OF ARTICLE X] 

  
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 ARTICLE XI 

EARLY AMORTIZATION OF NOTES 

Section 11.01  Applicability of Article.  Unless otherwise specified in the applicable
Indenture Supplement related to a Series, Class or Tranche of Notes, pursuant to the terms of this Article XI, the Issuing Entity will redeem and pay, provided that funds are available, each affected Series, Class or Tranche of Notes upon the
occurrence of any Early Amortization Event. Unless otherwise specified in the applicable Indenture Supplement relating to a Series, Class or Tranche of Notes, or in the form of Notes for such Series, Class or Tranche, the following are “Early
Amortization Events”: 
 (a)    the occurrence of an Event of Default and acceleration of the
Notes of a Series, Class or Tranche pursuant to Article VI hereof; 
 (b)    with respect to any
Series, Class or Tranche of Notes, the occurrence of the Scheduled Principal Payment Date of such Series, Class or Tranche of Notes; 

(c)    the Issuing Entity becomes an investment company within the meaning of the Investment Company Act;

 (d)    Chase USA or the Transferor shall consent to the appointment of a conservator or receiver or
liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to all or substantially all of its property, or a decree or order of a court or agency or supervisory authority having
jurisdiction in the premises for the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs,
shall have been entered against Chase USA or the Transferor; or Chase USA or the Transferor shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or
reorganization statute, make an assignment for the benefit of its creditors or voluntarily suspend payment of its obligations; or 

(e)    with respect to any Series, Class or Tranche of Notes, any additional Early Amortization Event
specified in the Indenture Supplement for such Series, Class or Tranche of Notes as applying to such Series, Class or Tranche of Notes. 

The repayment price of a Tranche of Notes so redeemed will equal the Outstanding Dollar Principal Amount of such Tranche,
plus accrued but unpaid interest and any additional interest to but excluding the date of repayment, the payment of which will be subject to the allocations, deposits and payments sections of the Asset Pool One Supplement and Indenture Supplement.

 If the Issuing Entity is unable to pay the repayment price in full on the Principal Payment Date following the end of
the Monthly Period in which the Early Amortization Event occurs, monthly payments on such Tranche of Notes will thereafter 

  
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be made on each following Principal Payment Date until the Outstanding Dollar Principal Amount of such Series, Class or Tranche, plus all accrued, past due and additional interest, is paid in
full or the Legal Maturity Date occurs, whichever is earlier, subject to the allocations, deposits and payments sections of the Asset Pool One Supplement and any Indenture Supplement. Any funds in any Supplemental Bank Account for a repaid Tranche
will be applied to make the principal and interest payments on that Tranche on the repayment date, subject to the allocations, deposits and payments sections of the Asset Pool One Supplement and any Indenture Supplement. 

Section 11.02  Optional Repurchase.    Unless otherwise provided in the applicable
Indenture Supplement for a Series, Class or Tranche of Notes, the Servicer has the right, but not the obligation, to redeem a Series, Class or Tranche of Notes in whole but not in part on any Payment Date on or after the Payment Date on which the
aggregate Outstanding Dollar Principal Amount (after giving effect to all payments on such Payment Date) of such Series, Class or Tranche of Notes is reduced to less than 10% of its highest Outstanding Dollar Principal Amount at any time;
provided, however, that if such Class or Tranche of Notes redeemed is of a Subordinated Class or Tranche of Notes, the Servicer will not redeem such Notes if the provisions of the related Indenture Supplement would prevent the payment
of such Subordinated Notes until a level of prefunding of the Principal Funding Accounts for the Senior Classes of Notes for that Series has been reached such that the amount of such deficiency in the required subordination of a Senior Class of
Notes is no longer required to provide subordination protection for the Senior Classes of that Series. 
 If the Servicer
elects to redeem a Series, Class or Tranche of Notes, it will cause the Issuing Entity to notify the Holders of such redemption at least 30 days prior to the redemption date. Unless otherwise specified in the Indenture Supplement or Terms Document
applicable to the Notes to be so redeemed, the redemption price of a Series, Class or Tranche so redeemed will equal 100% of the Outstanding Dollar Principal Amount of such Tranche, plus accrued but unpaid interest and any additional interest on
such Tranche to but excluding the date of redemption, the payment of which will be subject to the allocations, deposits and payments sections of the Asset Pool One Supplement and such Indenture Supplement. 

If the Issuing Entity is unable to pay the redemption price in full on the redemption date, monthly payments on such Series,
Class or Tranche of Notes will thereafter be made until either the Outstanding Dollar Principal Amount of such Series, Class or Tranche, plus all accrued, unpaid and additional interest, is paid in full or the Legal Maturity Date occurs, whichever
is earlier, subject to Article V, Article VI and the allocations, deposits and payments sections of the related Indenture Supplement. Any funds in any Supplemental Bank Account for a redeemed Tranche will be applied to make the principal and
interest payments on that Tranche on the redemption date in accordance with the related Indenture Supplement. Principal payments on redeemed Tranches will be made in accordance with the related Indenture Supplement. 

Section 11.03  Notice.    Promptly after the occurrence of any Early Amortization
Event or a redemption pursuant to Section 11.02, the Issuing Entity will 

  
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notify the Indenture Trustee and the Note Rating Agencies in writing of the identity, Stated Principal Amount and Outstanding Dollar Principal Amount of the affected Series, Class or Tranche of
Notes to be redeemed. Notice of redemption will promptly be given as provided in Section 1.06. All notices of redemption will state (a) the date on which the redemption of the applicable Series, Class or Tranche of Notes pursuant to this
Article XI will begin, which will be the Principal Payment Date next following the end of the Monthly Period in which the applicable Early Amortization Event or redemption pursuant to Section 11.02 occurs, (b) the repayment price for such
Series, Class or Tranche of Notes and (c) the Series, Class or Tranche of Notes to be redeemed pursuant to this Article XI. 
 [END OF
ARTICLE XI] 

  
 102 

 ARTICLE XII 

MISCELLANEOUS 

Section 12.01  No Petition.   The Indenture Trustee, by entering into this Indenture,
each Derivative Counterparty, by accepting its rights as a third-party beneficiary hereunder, each Supplemental Credit Enhancement Provider or Supplemental Liquidity Provider, as applicable, by accepting its rights as a third-party beneficiary
hereunder, and each Noteholder, by accepting a Note, agrees, to the fullest extent permitted by applicable law, that it will not at any time institute against any Master Trust, Chase Card Funding or the Issuing Entity, or join in any institution
against any Master Trust, Chase Card Funding or the Issuing Entity of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal or state bankruptcy or similar law in
connection with any obligations relating to the Notes, this Indenture, any Derivative Agreement, any Supplemental Credit Enhancement Agreement and any Supplemental Liquidity Agreement. 

Section 12.02  Trust Obligations.   No recourse may be taken, directly or indirectly,
with respect to the obligations of the Issuing Entity on the Notes or under this Indenture or any certificate or other writing delivered in connection herewith or therewith, against (i) the Owner Trustee in its individual capacity,
(ii) Chase USA, (iii) any owner of a beneficial interest in the Issuing Entity or (iv) any partner, owner, beneficiary, agent, officer, director, employee or agent of the Owner Trustee in its individual capacity, Chase USA, any holder
of a beneficial interest in the Issuing Entity or the Owner Trustee or of any successor or assign of the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed (it being understood that the Owner Trustee has no
such obligations in its individual capacity). 
 Section 12.03  Limitations on Liability. 

(a)    It is expressly understood and agreed by the parties hereto that (i) this Indenture is
executed and delivered by Chase Card Funding not individually or personally but solely as Beneficiary, in the exercise of the powers and authority conferred and vested in it, (ii) each of the representations, undertakings and agreements herein
made on the part of the Issuing Entity is made and intended not as a personal representation, undertaking or agreement by Chase Card Funding but is made and intended for the purpose of binding only the Issuing Entity, (iii) nothing herein
contained will be construed as creating any liability on Chase Card Funding individually or personally, to perform any covenant of the Issuing Entity either expressed or implied contained herein, all such liability, if any, being expressly waived by
the parties to this Indenture and by any Person claiming by, through or under them and (iv) under no circumstances will Chase USA or Chase Card Funding be personally liable for the payment of any indebtedness or expenses of the Issuing Entity
or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuing Entity under this Indenture or any related documents. 

  
 103 

 (b)    None of the Indenture Trustee, the Owner Trustee,
Chase USA, Chase Card Funding or any other beneficiary of the Issuing Entity or any of their respective officers, directors, employers or agents will have any liability with respect to this Indenture, and recourse of any Noteholder may be had solely
to the Collateral designated for inclusion in Asset Pool One and pledged to secure the applicable Notes. 

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

Section 12.04  Tax Treatment.    The Issuing Entity and the Noteholders agree that
the Notes are intended to be debt for federal, state and local income and franchise tax purposes and agree to treat the Notes accordingly for all such purposes, unless otherwise required by a taxing authority. 

Section 12.05  Actions Taken by the Issuing Entity.   Any and all actions that are to be
taken by the Issuing Entity may be taken by the Beneficiary, the Administrator or the Owner Trustee on behalf of the Issuing Entity. 

Section 12.06  Alternate Payment Provisions.    Notwithstanding any provision of
this Indenture or any of the Notes to the contrary, the Issuing Entity, with the written consent of the Indenture Trustee, may enter into any agreement with any Holder of a Note providing for a method of payment or notice that is different from the
methods provided for in this Indenture for such payments or notices. The Issuing Entity will furnish to the Indenture Trustee a copy of each such agreement and the Indenture Trustee will cause payments or notices, as applicable, to be made in
accordance with such agreements. 
 Section 12.07  Termination of Issuing
Entity.   The Issuing Entity and the respective obligations and responsibilities of the Indenture Trustee created hereby (other than the obligation of the Indenture Trustee to make payments to Noteholders as hereinafter set forth)
shall terminate, except with respect to the duties described in subsection 12.08(b), as provided in the Trust Agreement. 

  
 104 

 Section 12.08  Final Distribution. 

(a)    The Servicer shall give the Indenture Trustee written notice of the Payment Date on which the
Noteholders of any Series, Class or Tranche may surrender their Notes for payment of the final distribution on and cancellation of such Notes at least 2 Business Days prior to the fifth day of the month in which the final distribution is to occur
with respect to such Notes. Not later than the fifth day of the month in which the final distribution in respect of such Series, Class or Tranche of Notes is payable to Noteholders, the Indenture Trustee shall provide notice to Noteholders of such
Series, Class or Tranche specifying (i) the date upon which final payment of such Series, Class or Tranche of Notes will be made upon presentation and surrender of Notes of such Series, Class or Tranche at the office or offices therein
designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise applicable to such payment date is not applicable, payments being made only upon presentation and surrender of such Notes at the office or
offices therein specified (which, in the case of Bearer Notes, shall be outside the United States). The Indenture Trustee shall give such notice to the Note Registrar and the Paying Agent at the time such notice is given to Noteholders. 

(b)    Notwithstanding a final distribution to the Holders of any Series, Class or Tranche of Notes (or
the termination of the Issuing Entity), except as otherwise provided in this clause, all funds then on deposit in any Bank Account allocated to such Noteholders shall continue to be held in trust for the benefit of such Noteholders, and the Paying
Agent or the Indenture Trustee shall pay such funds to such Noteholders upon surrender of their Notes, if certificated. In the event that all such Noteholders shall not surrender their Notes for cancellation within 6 months after the date specified
in the notice from the Indenture Trustee described in paragraph (a), the Indenture Trustee shall give a second notice to the remaining such Noteholders to surrender their Notes for cancellation and receive the final distribution with respect thereto
(which surrender and payment, in the case of Bearer Notes, shall be outside the United States). If within one year after the second notice all such Notes shall not have been surrendered for cancellation, the Indenture Trustee may take appropriate
steps, or may appoint an agent to take appropriate steps, to contact the remaining such Noteholders concerning surrender of their Notes, and the cost thereof shall be paid out of the funds in the Collection Account or any Supplemental Bank Account
held for the benefit of such Noteholders. The Indenture Trustee and the Paying Agent shall pay to the Issuing Entity any monies held by them for the payment of principal or interest that remains unclaimed for 2 years. After payment to the Issuing
Entity, Noteholders entitled to the money must look to the Issuing Entity for payment as unsecured general creditors unless an applicable abandoned property law designates another Person. 

Section 12.09  Termination Distributions.    Upon the termination of the Issuing
Entity pursuant to the terms of the Trust Agreement, the Indenture Trustee shall release, assign and convey to the Beneficiary or any of its designees, without recourse, representation or warranty, all of its right, title and interest in the
Collateral designated for inclusion in an Asset Pool, whether then existing or thereafter created, all monies due or to become due and all amounts received or receivable with respect thereto (including

  
 105 

 
all moneys then held in any Bank Account) and all proceeds thereof, except for amounts held by the Indenture Trustee pursuant to subsection 12.08(b). The Indenture Trustee shall execute and
deliver such instruments of transfer and assignment as shall be provided to it, in each case without recourse, as shall be reasonably requested by the Beneficiary to vest in the Beneficiary or any of its designees all right, title and interest which
the Indenture Trustee had in the Collateral and such other property designated for inclusion in an Asset Pool. 

Section 12.10 Derivative Counterparty, Supplemental Credit Enhancement Provider and Supplemental Liquidity Provider
as Third-Party Beneficiary. Each Derivative Counterparty, Supplemental Credit Enhancement Provider and Supplemental Liquidity Provider is a third-party beneficiary of this Indenture to the extent specified in the applicable Derivative Agreement,
Supplemental Credit Enhancement Agreement, Supplemental Liquidity Agreement or Indenture Supplement. 
 Section 12.11
Notices. All demands, notices, instructions, directions and communications under this Indenture shall be in writing and shall be deemed to have been duly given if personally delivered at, mailed by registered mail, return receipt requested,
or sent by facsimile transmission or electronic mail: 
 (a)    in the case of the Issuing Entity, to:

 Chase Issuance Trust 

c/o Wilmington Trust Company 

1100 North Market Street 

Wilmington, Delaware 19890-1600 

Attention: Corporate Trust Administration 

Fax: (302) 636-4140 

with a copy to: 

Chase Card Funding LLC 

201 North Walnut Street 

Wilmington, Delaware 19801 

Attention:  Patricia Garvey 

Fax: (302) 282-7634 

Email: patricia.m.garvey@chase.com 

with a copy to: 

Chase Bank USA, National Association 

201 North Walnut Street 

Wilmington, Delaware 19801 

Attention:  Todd S. Lehner 

Fax: (302) 282-7634 

Email: todd.s.lehner@jpmorgan.com 

  
 106 

 with a copy to: 

JPMorgan Chase & Co. 

270 Park Avenue, 10th Floor 

New York, New York 10017 

Attention: Brent Barton 

Fax: (212) 834-6519 

Email: brent.barton@jpmchase.com 

(b)    in the case of the Indenture Trustee, to: 

Wells Fargo Bank, National Association 

Sixth Street and Marquette Avenue 

MAC: N9311-161 

Minneapolis, Minnesota 55479 

Attention: Corporate Trust Services - Asset Backed 

Administration 

Fax: (612) 667-3464 

(c)    in the case of each party, at such other address, attention party, facsimile number or email
address as shall be designated by such party in a written notice to each other party. 

Section 12.12  No Asset Pool Other Than Asset Pool One.    Notwithstanding anything
to the contrary herein or in any other Transaction Document (as such term is defined in the Transfer and Servicing Agreement), there shall be no Asset Pool other than Asset Pool One designated or established pursuant to any of the Transaction
Documents. 
 [END OF ARTICLE XII] 

  
 107 

 ARTICLE XIII 

COMPLIANCE WITH REGULATION AB 

Section 13.01  Intent of Parties; Reasonableness.   The Issuing Entity and the Indenture
Trustee acknowledge and agree that the purpose of this Article XIII is to facilitate compliance with the provisions of Regulation AB and related rules and regulations of the Commission. The Transferor and Chase USA shall not exercise its right to
request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Securities Exchange Act and the rules and regulations of the Commission
thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Indenture Trustee agrees to cooperate in good faith with any reasonable request by the Transferor and Chase USA for
information regarding the Indenture Trustee which is required in order to enable the Transferor and Chase USA to comply with the provisions of Regulation AB, including, without limitation, Items 1103(a)(1), 1109(a), 1109(b), 1117, 1118, 1119 and
1122 of Regulation AB as it relates to the Indenture Trustee or to the Indenture Trustee’s obligations under this Indenture or any other Transaction Document. 

Section 13.02  Additional Representations and Warranties of the Indenture Trustee.   The
Indenture Trustee shall be deemed to represent to the Transferor and Chase USA, as of the date on which information is provided to the Transferor and Chase USA under Section 13.03 that, except as disclosed in writing to the Transferor and Chase
USA prior to such date to the best of its knowledge: (i) neither the execution, delivery and performance by the Indenture Trustee of this Indenture or any other Transaction Document, the performance by the Indenture Trustee of its obligations
under this Indenture or any other Transaction Document nor the consummation of any of the transactions by the Indenture Trustee contemplated thereby, is in violation of any indenture, mortgage, bank credit agreement, note or bond purchase agreement,
long-term lease, license or other agreement or instrument to which the Indenture Trustee is a party or by which it is bound, which violation would have a material adverse effect on the Indenture Trustee’s ability to perform its obligations
under this Indenture or any other Transaction Document, or of any judgment or order applicable to the Indenture Trustee; and (ii) there are no proceedings pending or threatened against the Indenture Trustee in any court or before any
governmental authority, agency or arbitration board or tribunal which, individually or in the aggregate, would have a material adverse effect on the right, power and authority of the Indenture Trustee to enter into this Indenture or any other
Transaction Document or to perform its obligations under this Indenture or any other Transaction Document. 

Section 13.03  Information to be Provided by the Indenture Trustee.   The Indenture
Trustee shall provide such information regarding the Indenture Trustee as is required for the purpose of compliance with Items 1103(a)(1), 1109(a), 1109(b), 1117, 1118, 1119 and 1122 of Regulation AB (or for any private offering utilizing an
offering document disclosure comparable to that required under the Securities Act) no later than three Business Days before each Most Recent Quarterly Filing Date in the form attached 

  
 108 

 
hereto as Exhibit E, or such other form as may mutually be agreed upon, and as promptly as practicable following notice to or discovery by the Indenture Trustee of any changes to such
information. 
 The Indenture Trustee shall provide to the Transferor and Chase USA, in writing, any updates to the
information regarding the Indenture Trustee as is required for the purpose of compliance with Items 1109(a), 1109(b), 1117, 1118, 1119 and 1122 of Regulation AB, no later than three Business Days before each Most Recent Quarterly Filing Date and as
promptly as practicable following notice to or discovery by the Indenture Trustee of any changes to such information. 

The Indenture Trustee’s obligations to provide disclosure required by Item 1119 of Regulation AB pursuant to this
Section 13.03 shall be deemed satisfied if the Indenture Trustee provides a description of any affiliation or material relationship between (a) the Indenture Trustee, on the one hand, and (b) those parties to the Securitization
Transaction as are identified by the Transferor and Chase USA in writing, on the other. 

Section 13.04  Report on Assessment of Compliance and Attestation; Annual Certification; Notice of
Repurchase Requests. 
 (a)    On or before March 1 of each calendar year, commencing in 2007,
the Indenture Trustee shall: 
   (i)   deliver to the Transferor and Chase USA a
report regarding the Indenture Trustee’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Securities Exchange Act and Item 1122 of
Regulation AB. Such report shall be addressed to the Transferor and Chase USA and signed by an authorized officer of the Indenture Trustee, and shall address each of the Servicing Criteria specified in Exhibit D, as may be amended from time
to time by the parties hereto; provided, that the requirement of Section 9.01 that each Note Rating Agency confirms in writing that an amendment will not cause a Ratings Effect shall not apply to such an amendment of Exhibit
D; 
  (ii)   deliver to the Transferor and Chase USA a report of a registered
public accounting firm reasonably acceptable to the Transferor and Chase USA that attests to, and reports on, the assessment of compliance made by the Indenture Trustee and delivered pursuant to the preceding paragraph. Such attestation shall be in
accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Securities Exchange Act; and 

(iii)   deliver to the Transferor, Chase USA and any other Person that will be responsible for
signing the Sarbanes Certification on behalf of the Issuing Entity or the Transferor with respect to a Securitization Transaction a certification in the form attached hereto as Exhibit C, or such other form as may mutually be agreed upon.

  
 109 

 (b)    The Indenture Trustee acknowledges that the parties
identified in clause (iii) above may rely on the certification provided by the Indenture Trustee pursuant to such clause in signing a Sarbanes Certification and filing such with the Commission. 

(c)    Within thirty (30) days of receipt, Chase USA shall provide a copy of all reports prepared
and delivered pursuant to this Section 13.04 to each Note Rating Agency. 
 (d)    Upon receipt of
any Repurchase Request, the Indenture Trustee shall provide prompt written notice thereof to the Transferor and Chase USA. 

(e)    Not later than the (5th) Business Day of each month (or, if such day is not a Business Day,
the immediately following Business Day) in which the Notes are subject to continuing obligations for filing of reports on Form 10-D, the Indenture Trustee shall provide to the Transferor and Chase USA a certificate in substantially the form of
Exhibit F with respect to any Repurchase Requests received by the Indenture Trustee during the immediately preceding calendar month requesting that any receivable be repurchased. 

Section 13.05  Asset Representations Review. 

(a)    For public offerings of Notes that are issued pursuant to Commission Form SF-3, Chase USA, as
Sponsor, shall select and appoint an asset representations reviewer (the “Reviewer”) that shall not be (i) affiliated with Chase USA, the Transferor, the Servicer, the Owner Trustee or the Indenture Trustee or any of their
affiliates or (ii) any party or an affiliate of any party hired by Chase USA or the underwriter of any Series, Class or Tranche of Notes to perform any pre-closing due diligence review of the Receivables for any Series, Class or Tranche of
Notes. 
 (b)    The Reviewer shall perform a review (an “Asset Representations
Review”) of each Receivable of which any amount was 60 or more days past due as reported in the most recent Form 10-D, which is designed to determine instances of non-compliance with asset related representations and warranties in
accordance with the terms and provisions of the Asset Representations Review Agreement if: 

 (i)   A Delinquency Trigger Breach shall have occurred; and 

(ii)   The Certified Note Owners vote to direct a review, pursuant to the processes specified
in subsection 8.04(b) or subsection 8.04(d)(ii). 
 If clause (i) and (ii) above are satisfied, the Indenture
Trustee shall deliver a notice to the Reviewer (a “Review Notice”), substantially in the form attached hereto as Exhibit G or such other form as the Indenture Trustee may determine, stating that the conditions for an Asset
Representations Review have been satisfied and that the Reviewer should commence with the Asset Representations Review. The Reviewer shall 

  
 110 

 
provide a report to the Indenture Trustee, the Issuing Entity, the Transferor, the Sponsor and the Servicer in accordance with Section 3.5 of the Asset Representations Review Agreement, and
a summary of that report, prepared by the Reviewer, shall be included in the Form 10-D filed with respect to the reporting period in which the report was received. 

(c)    The Reviewer will not resign as Reviewer unless it (i) determines it is not eligible to be
the Reviewer under Section 13.05(a) or (ii) is legally unable to act or perform its obligations under the Asset Representations Review Agreement and there is no reasonable action that it could take to make the performance of its
obligations under the Asset Representations Review Agreement permitted under applicable law. No resignation or removal of the Reviewer will be effective, and the Reviewer will continue to perform its obligations under the Asset Representations
Review Agreement, until a successor Reviewer has accepted its engagement in accordance with the Asset Representations Review Agreement. 

Section 13.06  Dispute Resolution. 

(a)    If, in accordance with Section 2.05 or Section 2.06 of the Transfer and Servicing
Agreement, a request is made to the Transferor to repurchase or accept reassignment of a Receivable (a “Repurchase Request”) and such Repurchase Request has not been resolved within 150 days following the receipt of such request by
the Transferor, then the Indenture Trustee or other transaction participant who submitted such Repurchase Request (the “Requesting Party”) shall have the right to refer the matter within thirty (30) days to either mediation (or
non-binding arbitration) or arbitration, and the Transferor (the “Responding Party”) shall agree to the selected resolution method. 

(b)    If mediation is selected, the Requesting Party may refer an unresolved Repurchase Request to
non-binding mediation or non-binding arbitration with the Responding Party administered by a nationally recognized arbitration or mediation organization (an “Organization”) selected by the Transferor, in accordance with its
commercial mediation rules then in effect (the “Mediation Rules”), by filing a request for mediation or non-binding arbitration with the Organization in accordance with the Mediation Rules. The Requesting Party and the Responding
Party shall jointly appoint the mediator within thirty (30) days from the date of the request for mediation or non-binding arbitration. In the event the mediator is not timely appointed, he or she shall be appointed by the Organization. The
mediation or non-binding arbitration shall be conducted in New York, New York. Any dispute not resolved in writing prior to the termination of the mediation or non-binding arbitration may be resolved in litigation as set forth in subsection
13.06(d). The parties shall mutually determine the allocation of any expenses of the mediation or non-binding arbitration, provided that, if they cannot reach a mutual determination, the expenses of the mediation or non-binding arbitration shall be
borne equally by the parties. The parties agree that the mediation or non-binding arbitration, and all information disclosed therein, shall be confidential information exchanged for the purposes of settlement, and that the information and
communications exchanged in the mediation or non-binding arbitration shall be privileged and shall not be used or disclosed in any legal or arbitral proceeding, except as otherwise required by applicable law. 

  
 111 

 (c)    If the Requesting Party selects to refer an
unresolved Repurchase Request to arbitration, the Repurchase Request shall be resolved by final and binding arbitration administered by the Organization in accordance with its commercial arbitration rules then in effect (the “Arbitration
Rules”), except as modified herein. The arbitral tribunal shall not have jurisdiction to consider any class action or class claim, or any claim other than the resolution of the Repurchase Request, except that the arbitral tribunal shall
determine the allocation of any expenses of the arbitration, including attorney’s fees, costs and related expenses, to such extent and to such parties as it sees fit. The seat of arbitration shall be New York, New York. There shall be three
arbitrators, of whom the Requesting Party shall appoint one in the demand for arbitration and the Responding Party shall appoint another in the answer. The two party-appointed arbitrators shall appoint the third arbitrator, who shall serve as the
chairperson of the arbitral tribunal, within thirty (30) days of the date of appointment of the second arbitrator. Any arbitrator not timely appointed as provided herein shall be appointed by the Organization. Any arbitrator appointed by the
Organization shall be a lawyer with at least 15 years of experience relating to securitizations or other complex commercial transactions and shall not have any actual or potential conflict of interest in deciding or hearing the dispute. The
arbitrator shall have no authority to amend or modify the terms of this Indenture or the other Transaction Documents. In any arbitration, there shall be limited document discovery of specifically identified documents directly relevant and material
to the matter in dispute, except as ordered by the arbitral tribunal upon good cause shown. There shall be no depositions. The parties consent that any arbitration pending hereunder may be consolidated with any other arbitration between them
concerning another Repurchase Request for the purposes of efficiency and to avoid the possibility of inconsistent awards. An application for such consolidation may be made by the Requesting Party or the Responding Party to the arbitral tribunal for
the earliest arbitration to be consolidated. Such arbitral tribunal shall, after providing all interested parties the opportunity to comment on such application, order that any such pending or contemplated arbitration be consolidated into a prior
arbitration if it determines that the Repurchase Requests involve substantially identical assets or common questions of law or fact. The award of the arbitral tribunal in a binding arbitration shall be final and binding on the parties thereto, and
may be enforced in any court of competent jurisdiction. Any arbitration hereunder shall be confidential, and the parties and their agents agree not to disclose to any third party the existence or status of the arbitration and all information made
known and documents produced in the arbitration not otherwise in the public domain, and all awards arising from the arbitration, except and to the extent that disclosure is required by applicable law or is required to protect or pursue a legal
right. 
 (d)     Subject to the right of the Requesting Party to submit a Repurchase Request to
mediation or arbitration as provided in subsection 13.06(b) or (c), any dispute relating to a Repurchase Request shall be submitted exclusively to the jurisdiction of the courts of the State of New York or the United States of America located in New
York County, New York. In such action, the Requesting Party submits to the personal jurisdiction of such courts and all parties waive the right to a trial by jury to the greatest extent permitted by law. 

  
 112 

 Section 13.07  Investor
Communications.    With respect to any Notes issued publicly pursuant to Commission Form SF-3, the Issuing Entity agrees to include in the Form 10-D filed, with respect to the Monthly Period during which such request was
received, any request from a Noteholder or Certified Note Owner to communicate with other Noteholders or Note Owners related to the exercise of rights under the terms of this Indenture, the other Transaction Documents or the Notes, which
communication may include, but shall be limited to, the information set forth in Section 8.02(d). As a condition precedent to the inclusion of any communication in a Form 10-D pursuant to this Section 13.07 and Section 8.02(d), Note
Owners, other than Noteholders that are holders of definitive notes, must provide to the Issuing Entity, proof that such Note Owner qualifies as a “Certified Note Owner” pursuant to clause (a) of the definition thereof. 

[END OF ARTICLE XIII] 

  
 113 

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

					
	CHASE ISSUANCE TRUST
		
	By:	 	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee
		
	By:	 	 /s/ Jennifer A. Luce

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

		 	Name:	 	Cheryl Zimmerman
		 	Title:	 	Vice President

  

					
	Acknowledged and Accepted:
	
	CHASE BANK USA,
	NATIONAL ASSOCIATION,
as Servicer
		
	By:    	 	 /s/ Todd Lehner

		 	Name:	 	Todd Lehner
		 	Title:	 	Managing Director

  
 CHAIT Fourth A&R
Indenture 

 Exhibit A 

FORM OF INVESTMENT LETTER 

[Date] 
 Wells Fargo Bank,
National Association, 
 as Indenture Trustee, 

Sixth Street and Marquette Avenue 

MAC: N9311-161 
 Minneapolis,
Minnesota 55479 
 Attention: Corporate Trust Services - Asset Backed Administration 

Fax: (612) 667-3464 
 Chase
Issuance Trust 
 c/o Chase Card Funding LLC, as Beneficiary 

201 North Walnut Street 

Wilmington, Delaware 19801 

Attention: Patricia Garvey 
 Fax:
(302) 282-7634 
  

	 	Re:	Purchase of $                     principal amount of Chase Issuance Trust, Series [•], Class [•]
Notes 

 Ladies and Gentlemen: 

In connection with our purchase of the above Notes (the “Notes”) we confirm that: 

(1) We understand that the Notes are not being registered under the Securities Act of 1933, as amended (the “Securities
Act”), and are being sold to us in a transaction that is exempt from the registration requirements of the Securities Act. 

(2) Any information we desire concerning the Notes or any other matter relevant to our decision to purchase the Notes is or
has been made available to us. 
 (3) We have such knowledge and experience in financial and business matters as to be
capable of evaluating the merits and risks of an investment in the Notes, and we (and any account for which we are purchasing under paragraph (4) below) are able to bear the economic risk of an investment in the Notes. We (and any account for
which we are purchasing under paragraph (4) below) are an “accredited investor” (as such term is defined in Rule 501(a)(1), (2) or (3) of Regulation D under the Securities Act). 

(4) We are acquiring the Notes for our own account or for accounts as to which we exercise sole investment discretion and not
with a view to any distribution of the Notes, subject, nevertheless, to the understanding that the disposition of our property shall at all times be and remain within our control. 

  
 A-1 

 (5) We agree that the Notes must be held indefinitely by us unless subsequently
registered under the Securities Act or an exemption from any registration requirements of the Securities Act and any applicable state securities law is available. 

(6) We agree that in the event that at some future time we wish to dispose of or exchange any of the Notes (such disposition
or exchange not being currently foreseen or contemplated), we will not transfer or exchange any of the Notes unless: 
 (a)
(i) the sale is of at least U.S. $250,000 principal amount of Notes to an Eligible Purchaser (as defined below), (ii) a letter to substantially the same effect as paragraphs (1), (2), (3), (4), (5) and (6) of this letter is
executed promptly by the purchaser and (iii) all offers or solicitations in connection with the sale, whether directly or through any agent acting on our behalf, are limited only to Eligible Purchasers and are not made by means of any form of
general solicitation or general advertising whatsoever; or 
 (b) the Notes are transferred pursuant to Rule 144 under the
Securities Act by us after we have held them for more than two years; or 
 (c) the Notes are sold in any other transaction
that does not require registration under the Securities Act and, if the Issuing Entity, the Transferor, the Servicer, the Indenture Trustee or the Note Registrar so requests, we theretofore have furnished to such party an opinion of counsel
satisfactory to such party, in form and substance satisfactory to such party, to such effect; or 
 (d) the Notes are
transferred pursuant to an exception from the registration requirements of the Securities Act under Rule 144A under the Securities Act. 

(7) We understand that the Notes will bear a legend to substantially the following effect: 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS
NOTE NOR ANY PORTION HEREOF MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE REGISTRATION PROVISIONS OF THE SECURITIES ACT AND ANY APPLICABLE PROVISIONS OF ANY STATE BLUE SKY OR SECURITIES LAWS OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM SUCH REGISTRATION PROVISIONS. THE TRANSFER OF THIS NOTE IS SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN. 

This legend may be removed if the Issuing Entity, the Indenture Trustee and the Note Registrar have received an opinion of
counsel, in form and substance satisfactory to each of them, to the effect that the legend may be removed. 
 “Eligible
Purchaser” means either an Eligible Dealer or a corporation, partnership or other entity which we have reasonable grounds to believe and do believe can make representations with respect to itself to substantially the same effect as the
representations 

  
 A-2 

 
set forth herein. “Eligible Dealer” means any corporation or other entity the principal business of which is acting as a broker and/or dealer in securities. Capitalized terms used but
not defined herein shall have the meanings given to such terms in the Fourth Amended and Restated Indenture, dated as of January 20, 2016, by and between the Chase Issuance Trust and Wells Fargo Bank, National Association, as indenture trustee.

  

					
	 Very truly yours,
	 	
		
	  
	 	
	 (Name of Purchaser)
	 	
			
	 By:
	 	  
	 	
	 (Authorized officer)
	 	

  
 A-3 

 Exhibit B-1 

FORM OF CLEARANCE SYSTEM CERTIFICATE 

TO BE GIVEN TO THE INDENTURE TRUSTEE BY 

EUROCLEAR OR CLEARSTREAM FOR 

DELIVERY OF DEFINITIVE NOTES IN EXCHANGE FOR A PORTION OF A 

TEMPORARY GLOBAL NOTE 
 CHASE
ISSUANCE TRUST, 
 Series [•], Class [•] Notes 

[Insert title or sufficient description of Notes to be delivered] 

We refer to that portion of the Temporary Global Note in respect of the Series [•], Class [•] Notes to be exchanged
for definitive Notes (the “Submitted Portion”) pursuant to this certificate (the “Notes”) as provided in the Fourth Amended and Restated Indenture, dated as of January 20, 2016 (as amended, restated, supplemented or
otherwise modified, the “Indenture”), in respect of such issue. This is to certify that (i) we have received a certificate or certificates, in writing or by tested telex, with respect to each of the persons appearing in our records as
being entitled to a beneficial interest in the Submitted Portion and with respect to such person’s beneficial interest either (a) from such person, substantially in the form of Exhibit [•]-[•] to the Indenture Supplement, or
(b) from                     ,           , substantially in the form of Exhibit
[•]-[•] to the Indenture Supplement, and (ii) the Submitted Portion includes no part of the Temporary Global Note excepted in such certificates. 

We further certify that as of the date hereof we have not received any notification from any of the persons giving such
certificates to the effect that the statements made by them with respect to any part of the Submitted Portion are no longer true and cannot be relied on as of the date hereof. 

We understand that this certificate is required in connection with certain securities and tax laws in the United States of
America. If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy hereof to any interested party in such
proceedings. 
  

			
	 Dated:
	 	                     ,
          ,

			
		  	 [as operator of the Euroclear System]

		  	 [Clearstream]

  
  

					
		 	 By
	 	  

  
 B-1-1 

 Exhibit B-2 

FORM OF CERTIFICATE TO BE DELIVERED TO 

EUROCLEAR OR CLEARSTREAM 
 BY
[•] WITH RESPECT TO REGISTERED NOTES SOLD TO QUALIFIED 
 INSTITUTIONAL BUYERS 

CHASE ISSUANCE TRUST, 
 Series [•], Class [•] Notes

 In connection with the initial issuance and placement of the Series [•], Class [•] Notes (the
“Notes”), an institutional investor in the United States (an “institutional investor”) is purchasing [U.S.$/(pound)/(U)/SF] aggregate principal amount of the Notes hold in our account at
[                                         
                                       ], as operator
of the Euroclear System] [Clearstream] on behalf of such investor. 
 We reasonably believe that such institutional investor
is a qualified institutional buyer as such term is defined under Rule 144A under the Securities Act of 1933, as amended. 

[We understand that this certificate is required in connection with United States laws. We irrevocably authorize you to
produce this certificate or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered by this certificate.] 

The definitive Notes in respect of this certificate are to be issued in registered form in the minimum denomination of
[U.S.$/(pound)/(U)/SF] and such definitive Notes (and, unless the Indenture or Terms Document relating to the Notes otherwise provides, any Notes issued in exchange or substitution for or on registration of transfer of Notes) shall bear the
following legend: 
 “THIS NOTE HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933. NEITHER THIS
NOTE NOR ANY PORTION HEREOF MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (EACH AS DEFINED HEREIN), EXCEPT IN COMPLIANCE WITH THE REGISTRATION PROVISIONS OF SUCH ACT OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM SUCH REGISTRATION PROVISIONS. THE TRANSFER OF THIS NOTE IS SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN. THIS NOTE CANNOT BE EXCHANGED FOR A BEARER NOTE.” 

 

			
	 Dated:
	 	                     ,
          ,

  

					
	
[                             
           ]
	 	
	 By:
	 	  
	 	
		 	 Authorized Officer
	 	

  
 B-2-1 

 Exhibit B-3 

FORM OF CERTIFICATE TO BE DELIVERED 

TO EUROCLEAR OR CLEARSTREAM 
 BY A
BENEFICIAL OWNER OF NOTES, 
 OTHER THAN A QUALIFIED INSTITUTIONAL BUYER 

CHASE ISSUANCE TRUST, 
 Series [•], Class [•] Notes

 This is to certify that as of the date hereof and except as provided in the third paragraph hereof, the Series [•],
Class [•] Notes held by you for our account (the “Notes”) (i) are owned by a person that is a United States person, or (ii) are owned by a United States person that is (A) the foreign branch of a United States financial
institution (as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(v)) (a “financial institution”) purchasing for its own account or for resale, or (B) a United States person who acquired the Notes through the foreign
branch of a financial institution and who holds the Notes through the financial institution on the date hereof (and in either case (A) or (B), the financial institution hereby agrees to comply with the requirements of Section 165(j)(3)(A),
(B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) are owned by a financial institution for purposes of resale during the Restricted Period (as defined in U.S. Treasury Regulations
Section 1.163-5(c)(2)(i)(D)(7)). In addition, financial institutions described in clause (iii) of the preceding sentence (whether or not also described in clause (i) or (ii)) certify that they have not acquired the Notes for purposes
of resale directly or indirectly to a United States person or to a person within the United States or its possessions. 
 We
undertake to advise you by tested telex if the above statement as to beneficial ownership is not correct on the date of delivery of the Notes in bearer form with respect to such of the Notes as then appear in your books as being held for our
account. 
 This certificate excepts and does not relate to [U.S.$/(pound)/(U)/SF] principal amount of Notes held by you for
our account, as to which we are not yet able to certify beneficial ownership. We understand that delivery of definitive Notes in such principal amount cannot be made until we are able to so certify. 

We understand that this certificate is required in connection with certain securities and tax laws in the United States of
America. If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy hereof to any interested party in such
proceedings. As used herein, “United States” means the United States of America, including the states thereof and the District of Columbia, its territories, its possessions and other areas subject to its jurisdiction; and “United
States person” means a citizen or resident of the United States, a corporation, partnership or other entity created or organized in or under the laws of the United States, or any political subdivision

  
 B-3-1 

 
thereof, or an estate or trust the income of which is subject to United States federal income taxation regardless of its source. 

 

			
	 Dated:
	 	                     ,
          

  
  

					
	 By:
	 	
                  
                   
	 	
		 	   Name:
	 	
		 	   Title:
	 	

 As, or as agent for, the beneficial owner(s) of the interest in the Notes to which this
certificate relates. 

  
 B-3-2 

 Exhibit C 

FORM OF ANNUAL CERTIFICATION 
  

	 	Re:	 FOURTH AMENDED AND RESTATED INDENTURE, dated as of January 20, 2016 (the “Agreement”), by and between Chase Issuance Trust, a
Delaware statutory trust, as issuing entity (the “Issuing Entity”) and Wells Fargo Bank, National Association, a national banking association, as indenture trustee (the “Indenture Trustee”) 

I,
                                         
                   , the
                                        
of the Indenture Trustee, certify to the Transferor and Chase USA, and their respective officers, with the knowledge and intent that they will rely upon this certification, that: 

(1)      I have reviewed the report on assessment of the Indenture
Trustee’s compliance provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Securities Exchange Act”) and Item 1122 of Regulation AB (17 C.F.R. §229.1100, et
seq.) (the “Servicing Assessment”), and the registered public accounting firm’s attestation report provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act and Section 1122(b) of Regulation
AB (the “Attestation Report”) that were delivered by the Indenture Trustee to the Transferor and Chase USA pursuant to the Agreement (collectively, the “Indenture Trustee Information”); 

(2)      To the best of my knowledge, the Indenture Trustee Information, taken
as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the
period of time covered by the Indenture Trustee Information; 
 (3)      To
the best of my knowledge, all of the Indenture Trustee Information required to be provided by the Indenture Trustee under the Agreement has been provided to the Transferor and Chase USA; and 

(4)      To the best of my knowledge, except as disclosed in the Servicing
Assessment or the Attestation Report, the Indenture Trustee has fulfilled its obligations under the Agreement. 
  

							
	 Date:        
	 		 	  

							
			
	 By:
	 	  
	 	
		 	 Name:
	 		 	
		 	 Title:
	 	

  
 C-1 

 Exhibit D 

SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE 

The assessment of compliance to be delivered by the Indenture Trustee shall address, at a minimum, the criteria identified
below as “Applicable Servicing Criteria”: 
  

					
	  

Servicing Criteria
	  	
Applicable Servicing
Criteria

 

	  

Reference
	  	Criteria	  
	  

General Servicing Considerations
  

	 	 	 
	 1122(d)(1)(i)
	  	Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.	  	 
	 	 	 
	 1122(d)(1)(ii)
	  	If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third
party’s performance and compliance with such servicing activities.	  	ü
	 	 	 
	 1122(d)(1)(iii)
	  	Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.	  	 
	 	 	 
	 1122(d)(1)(iv)
	  	A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the
amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.	  	 
	 1122(d)(1)(v)
	  	  

Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.
	  	 
	  

Cash Collection and Administration

	 	 	 
	 1122(d)(2)(i)
	  	Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than
two business days following receipt, or such other number of days specified in the transaction agreements.	  	ü
	 	 	 
	 1122(d)(2)(ii)
	  	Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	  	ü
	 	 	 
	 1122(d)(2)(iii)
	  	Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such
advances, are made, reviewed and approved as specified in the transaction agreements.	  	 
	 	 	 
	 1122(d)(2)(iv)
	  	The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization,
are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.	  	ü
	 1122(d)(2)(v)
	  	Each custodial account is maintained at a federally insured depository institution as set forth in the
transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the
Securities Exchange Act.	  	  

ü

	 	 	 
	 1122(d)(2)(vi)
	  	Unissued checks are safeguarded so as to prevent unauthorized access.	  	 
	 	 	 
	 1122(d)(2)(vii)
	  	Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing
accounts. These reconciliations (A) are mathematically accurate; (B) are prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) are reviewed and approved by
someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified
in the transaction agreements.	  	 

  
 D-1 

					
	  

Servicing Criteria
	  	
Applicable Servicing
Criteria

 

	  

Reference
	  	Criteria	  
	  

Investor Remittances and Reporting

	 1122(d)(3)(i)
	  	  

Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission
requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements;
(C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer.
	  	 
	 	 	 
	 1122(d)(3)(ii)
	  	Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set
forth in the transaction agreements.	  	ü
	 1122(d)(3)(iii)
	  	Disbursements made to an investor are posted within two business days to the Servicer’s
investor records, or such other number of days specified in the transaction agreements.	  	ü
	 	 	 
	 1122(d)(3)(iv)
	  	Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank
statements.	  	ü
	  

Pool Asset Administration

	 	 	 
	 1122(d)(4)(i)
	  	Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset
documents.	  	ü
	 	 	 
	 1122(d)(4)(ii)
	  	Pool assets and related documents are safeguarded as required by the transaction agreements	  	 
	 	 	 
	 1122(d)(4)(iii)
	  	Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the
transaction agreements.	  	 
	 1122(d)(4)(iv)
	  	  

Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records
maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset
documents.
	  	 
	 	 	 
	 1122(d)(4)(v)
	  	The Servicer’s records regarding the accounts agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.	  	 
	 	 	 
	 1122(d)(4)(vi)
	  	Changes with respect to the terms or status of an obligor’s account (e.g., loan modifications or re-aging) are made, reviewed and approved by authorized
personnel in accordance with the transaction agreements and related pool asset documents.	  	 
	 	 	 
	 1122(d)(4)(vii)
	  	Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable)
are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.	  	 
	 	 	 
	 1122(d)(4)(viii)
	  	Records documenting collection efforts are maintained during the period an account is delinquent in accordance with the transaction agreements. Such records
are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment
rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).	  	 
	 	 	 
	 1122(d)(4)(ix)
	  	Adjustments to interest rates or rates of return for accounts with variable rates are computed based on the related account documents.	  	 

  
 D-2 

					
	  

Servicing Criteria
	  	
Applicable Servicing
Criteria

 

	  

Reference
	  	Criteria	  
	 1122(d)(4)(x)
	  	  

Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset
documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds
are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements.
	  	 
	 	 	 
	 1122(d)(4)(xi)
	  	Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the
appropriate bills or notices for such payments, provided that such support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	  	 
	 	 	 
	 1122(d)(4)(xii)
	  	Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the
obligor, unless the late payment was due to the obligor’s error or omission.	  	 
	 	 	 
	 1122(d)(4)(xiii)
	  	Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the Servicer, or such other number
of days specified in the transaction agreements.	  	 
	 	 	 
	 1122(d)(4)(xiv)
	  	Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	  	 
	 1122(d)(4)(xv)
	  	Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is
maintained as set forth in the transaction agreements.	  	  

*

  
  

									
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee	 	
					
	 Date:        
	 		 	 	 	 	 	

 
									
				
	 By:
	 	  
	 		 	
		 	 Name:
	 		 		 	
		 	 Title:
	 		 		 	

  
  

 

	* 	 If there are any external enhancement or other support identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB,
Item 1122(d)(4)(xv) would be included in the Applicable Servicing Criteria for the Servicer. 

  
 D-3 

 Exhibit E 

FORM OF 
 CHASE ISSUANCE TRUST 

INDENTURE TRUSTEE’S CERTIFICATE 

[            ] [  ], 20[  ] 

Reference is hereby made to the FOURTH AMENDED AND RESTATED INDENTURE, dated as of January 20, 2016 (as amended and
supplemented, the “Indenture”), by and between CHASE ISSUANCE TRUST, a Delaware statutory trust (the “Issuing Entity”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as indenture trustee
(the “Indenture Trustee”). All capitalized terms used herein but not defined have the meanings assigned to them in the Indenture. 

In connection with transactions contemplated by each applicable Terms Agreement (the “Terms Agreement”),
each with respect to a specific tranche of Notes, dated the respective dates of the pricing of such Notes, incorporating an Underwriting Agreement, dated as of [            ]
[  ], 20[  ] (together, the “Underwriting Agreement”), by and among the underwriter (the “Underwriter”), Chase Bank USA, National Association (the “Bank”), a national banking
association, Chase Card Funding LLC (the “Transferor”) and the Issuing Entity, relating to the sale by the Issuing Entity to the Underwriter of CHASEseries notes from the date hereof through
[            ] [  ], 20[  ] (the “Notes”), the undersigned, an authorized officer of the Indenture Trustee, hereby certifies the following: 

1.        The information provided by the Indenture Trustee in the prospectus, dated
[            ] [  ], 20[  ] (the “Prospectus”), relating to the offering of the Notes of the Issuing Entity in the form filed with the Commission
pursuant to Rule 424(b) of the Rules and Regulations under the Securities Act, as excerpted in Schedule A hereto, is true and correct in all material respects. 

2.        [Other than the legal proceeding against the Indenture Trustee set forth in
the Prospectus relating to the offering of the Notes of the Issuing Entity in the form filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations under the Securities Act, as reproduced in Schedule B hereto,] there are no
legal proceedings pending or known to be contemplated against the Indenture Trustee or against any property of the Indenture Trustee that would be material to holders of the Notes. 

3.        There are no governmental proceedings pending or known to be contemplated
against the Indenture Trustee or against any property of the Indenture Trustee that would be material to holders of the Notes. 

  
 E-1 

 4.          To the knowledge
of the undersigned officer of the Indenture Trustee, there are no affiliations, relationships and/or related transactions that would be material to holders of the Notes between the Indenture Trustee and any of the following: 

(a)        the Bank; 

(b)        Wilmington Trust Company; 

(c)        Chase Card Funding LLC; 

(d)        the Reviewer[.];/[; and] 

(e)        any enhancement or support provider.]1 
  
  

 
  

	1 	 If applicable, the Transferor shall inform the Indenture Trustee of the identity of any enhancement or support provider; otherwise (e) is
deleted. 

  
 E-2 

 IN WITNESS WHEREOF, I have executed this certificate as of the date hereinabove
set forth. 
  

			
	 WELLS FARGO BANK,

	 NATIONAL ASSOCIATION,

	 as Indenture Trustee

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 E-3 

 Schedule A 
  

	1.	 Page [  ] of Prospectus 

[DESCRIPTION OF WELLS FARGO BANK, NATIONAL ASSOCIATION] 

 

	2.	 Page [  ] of Prospectus 

[DESCRIPTION OF WELLS FARGO BANK, NATIONAL ASSOCIATION] 

  
 E-4 

 Schedule B 

Page [  ] of Prospectus 

[DESCRIPTION OF LITIGATION] 

  
 E-5 

 Exhibit F 

FORM OF REPURCHASE REQUEST CERTIFICATE 

[                    ],
[            ] 
 Chase Issuance Trust 

c/o Wilmington Trust Company 

1100 North Market Street 

Wilmington, Delaware 19890-1600 

Attention: Corporate Trust Administration 

Fax: (302) 636-4140 
 Chase
Card Funding LLC 
 201 North Walnut Street 

Wilmington, Delaware 19801 

Attention: Patricia Garvey 

Email: patricia.m.garvey@chase.com 

Chase Bank USA, National Association 

201 North Walnut Street 

Wilmington, Delaware 19801 

Attention: Todd S. Lehner 
 Email:
todd.s.lehner@jpmorgan.com 
 Re:        Noteholder Request to Repurchase
Receivables 
 Reference is hereby made to the Fourth Amended and Restated Indenture (the “Indenture”), dated as of
January 20, 2016, by and between Chase Issuance Trust, a statutory trust organized under the laws of the State of Delaware (the “Issuing Entity”), and Wells Fargo Bank, National Association, a national banking association, in
its capacity as Indenture Trustee (the “Indenture Trustee”). Capitalized terms used but not defined herein shall have the meanings given them in the Indenture. 

The Indenture Trustee hereby certifies as to the checked option below: 

[            ] During the period from and including [DATE] to but
excluding [DATE], the Indenture Trustee received no requests from Noteholders, with respect to the Notes Outstanding during the period, requesting that Receivables be repurchased. 

[    ] During the period from and including [DATE] to but excluding [DATE], the Indenture Trustee
received one or more requests from Noteholders, with respect to the Notes Outstanding during the period, requesting that Receivables be repurchased. Such requests are attached hereto as Exhibit A. 

  
 F-1 

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

		 	 Name:

		 	 Title:

  
 F-2 

 Exhibit A   

CHASE ISSUANCE TRUST 

RECEIVABLE REPURCHASE DEMAND ACTIVITY REPORT 

Provide the following information for each Receivable subject to a demand for repurchase or replacement: 

 

																	
	  

 Date of 
 Demand 
	  	  

Account No.
	  	  

 Principal Balance of  
 Receivable Subject of  
 Demand 

	  	  

  Party Making    
  Reputed    
  
Demand    
	  	  

 Repurchased  

 or Replaced?  
	  	  

 Pending Repurchase  
 or Replacement  
 (within cure 
period)  
  
	  	  

Demand 

in 

Dispute? 
  
	  	  

Demand  
Withdrawn?  
	  	  

Demand
Rejected?

	 	  	 	  	 	  	 	  	 Yes / No  

 
	  	 Yes / No  

 
	  	 Yes / No  

 
	  	 Yes / No  

 
	  	 Yes / No

 

	 	  	 	  	  

$
      

 
	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	  

$
      

 
	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	  

$
      

 
	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	  

$
      

 
	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	  

$
      

 
	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 						
	TOTAL:   	  	 (Total Number of

Accounts Listed

Above)
  
	  	$	  		  		  		  		  		  	

  
 F-3 

Exhibit A 

 Exhibit G 

FORM OF REVIEW NOTICE 

[                    
], 20[  ] 
 [FTI Consulting, Inc.] 

[                    ] 

[                    ] 

Attention: [                    ]

 Fax: [                    ]

 Re:         CHASEseries Notes – Asset Representations Review 

Reference is hereby made to the Fourth Amended and Restated Indenture (the “Indenture”), dated as of January 20, 2016,
by and between Chase Issuance Trust, a Delaware statutory trust (the “Issuing Entity”), and Wells Fargo Bank, National Association, a national banking association, in its capacity as Indenture Trustee (the “Indenture
Trustee”). Capitalized terms used but not defined herein shall have the meanings given them in the Indenture. 

Notice is hereby provided that, as of the date hereof, the conditions for an Asset Representations Review described in
Section 13.05(b) of the Indenture have been satisfied and the Reviewer should commence an Asset Representations Review in accordance with the procedures of the Asset Representations Review Agreement. 

 

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

		 	 Name:

		 	 Title:

  
 G-1

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