Document:

EXHIBIT 4.1

BA CREDIT CARD TRUST

as Issuer

CLASS A(2016‐1) TERMS DOCUMENT

dated as of June 10, 2016

to

THIRD AMENDED AND RESTATED BASERIES INDENTURE SUPPLEMENT

dated as of December 17, 2015

to

FOURTH AMENDED AND RESTATED INDENTURE

dated as of December 17, 2015

THE BANK OF NEW YORK MELLON

as Indenture Trustee

TABLE OF CONTENTS

Page

	
ARTICLE I

	
Definitions And Other Provisions Of General Application

	
1

	
Section 1.01.

	
Definitions

	
1

	
Section 1.02.

	
Governing Law; Submission to Jurisdiction; Agent for Service of Process

	
6

	
Section 1.03.

	
Counterparts

	
6

	
Section 1.04.

	
Ratification of Indenture and Indenture Supplement

	
6

	 	 	 
	
ARTICLE II

	
The Class A(2016‐1) Notes

	
7

	
Section 2.01.

	
Creation and Designation

	
7

	
Section 2.02.

	
Specification of Required Subordinated Amount and other Terms

	
7

	
Section 2.03.

	
Interest Payment

	
7

	
Section 2.04.

	
Calculation Agent; Determination of LIBOR

	
8

	
Section 2.05.

	
Payments of Interest and Principal

	
9

	
Section 2.06.

	
Form of Delivery of Class A(2016‐1) Notes; Depository; Denominations

	
9

	
Section 2.07.

	
Delivery and Payment for the Class A(2016‐1) Notes

	
9

	
Section 2.08.

	
Targeted Deposits to the Accumulation Reserve Account

	
9

	 	 	 
	
ARTICLE III

	
Representations and Warranties

	
10

	
Section 3.01.

	
Issuer’s Representations and Warranties

	
10

- i -

THIS CLASS A(2016‐1) TERMS DOCUMENT (this “Terms Document”), by and between BA CREDIT CARD TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), having its principal office at Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890, and THE BANK OF NEW YORK MELLON, a New York banking corporation, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of June 10, 2016.

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

ARTICLE I

Definitions and Other Provisions of General Application

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

(1)           the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular;

(2)           all other terms used herein which are defined in the Third Amended and Restated BAseries Indenture Supplement, dated as of December 17, 2015 (as modified, amended or supplemented from time to time, the “Indenture Supplement”), between the Issuer and the Indenture Trustee, or the Fourth Amended and Restated Indenture, dated as of December 17, 2015 (as modified, amended or supplemented from time to time, the “Indenture”), between the Issuer and the Indenture Trustee, as acknowledged and accepted by BANA, as Servicer, either directly or by reference therein, have the meanings assigned to them therein;

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

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

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

(6)           in the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture Supplement or the Indenture, the terms and provisions of this Terms Document shall be controlling;

(7)           each capitalized term defined herein shall relate only to the Class A(2016‐1) Notes and no other tranche of Notes issued by the Issuer; and

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

“Accumulation Reserve Funding Period” shall mean, (a) if the Accumulation Period Length is determined to be one (1) month, there shall be no Accumulation Reserve Funding Period and (b) otherwise, the period (x) commencing on the earliest to occur of (i) the Monthly Period beginning three (3) calendar months prior to the first Transfer Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account of the Class A(2016‐1) Notes pursuant to Section 3.10(b) of the Indenture Supplement, (ii) the Monthly Period following the first Transfer Date following and including the April 2017 Transfer Date for which the Quarterly Excess Available Funds Percentage is less than 2%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 24 months prior to the Expected Principal Payment Date, (iii) the Monthly Period following the first Transfer Date following and including the October 2017 Transfer Date for which the Quarterly Excess Available Funds Percentage is less than 3%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 18 months prior to the Expected Principal Payment Date, and (iv) the Monthly Period following the first Transfer Date following and including the December 2017 Transfer Date for which the Quarterly Excess Available Funds Percentage is less than 4%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 16 months prior to the Expected Principal Payment Date and (y) ending on the close of business on the last day of the Monthly Period preceding the earlier to occur of (i) the Expected Principal Payment Date for the Class A(2016‐1) Notes and (ii) the date on which the Class A(2016‐1) Notes are paid in full.

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

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

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“Calculation Agent” is defined in Section 2.04(a).

“Class A(2016‐1) Note” means any Note, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement, designated therein as a Class A(2016‐1) Note and duly executed and authenticated in accordance with the Indenture.

“Class A(2016‐1) Noteholder” means a Person in whose name a Class A(2016‐1) Note is registered in the Note Register.

“Class A(2016‐1) Termination Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2016‐1) Notes is paid in full, (b) the Legal Maturity Date and (c) the date on which the Indenture is discharged and satisfied pursuant to Article VI thereof.

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

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

“Controlled Accumulation Amount” means $62,500,000; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount shall be the amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement.

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

“Expected Principal Payment Date” means May 15, 2019.

“Initial Dollar Principal Amount” means $750,000,000.

“Interest Payment Date” means the fifteenth day of each month, or if such fifteenth day is not a Business Day, the next succeeding Business Day, commencing July 15, 2016.

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

“Issuance Date” means June 10, 2016.

“Legal Maturity Date” means October 15, 2021.

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“LIBOR” means, for any Interest Period, the London interbank offered rate for one-month United States dollar deposits or, for the first Interest Period, the rate that corresponds to the actual number of days in the first Interest Period determined by the Calculation Agent on the LIBOR Determination Date for that Interest Period in accordance with the provisions of Section 2.04.

“LIBOR Determination Date” means June 8, 2016 for the period from and including the Issuance Date to but excluding July 15, 2016, and for each Interest Period thereafter, the second London Business Day prior to the Interest Payment Date on which such Interest Period commences.

“London Business Day” means any Business Day on which dealings in deposits in United States Dollars are transacted in the London interbank market.

“Note Interest Rate” means a per annum rate equal to 0.39% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

“Paying Agent” means The Bank of New York Mellon.

“Portfolio Yield” means, with respect to any Monthly Period, the annualized percentage equivalent of a fraction, the numerator of which is (a) the amount of Available Funds allocated to the BAseries pursuant to Section 501 of the Indenture, plus (b) the amount of Available Funds distributed pursuant to Sections 4.06(a)(ii) and (iii) of the Series 2001‐D Supplement, plus (c) any Interest Funding sub‐Account Earnings on the related Transfer Date, plus (d) any amounts to be treated as BAseries Available Funds pursuant to Sections 3.20(d) and 3.27(a) of the Indenture Supplement, plus (e) the BAseries Servicer Interchange for such Monthly Period, minus (f) the excess, if any, of the sum of the PFA Prefunding Earnings Shortfall plus the PFA Accumulation Earnings Shortfall over the sum of the aggregate amount to be treated as BAseries Available Funds for such Monthly Period pursuant to Sections 3.04(a)(ii) and 3.25(a) of the Indenture Supplement plus any other amounts applied to cover earnings shortfalls on amounts in the Principal Funding sub‐Account for any tranche of BAseries Notes for such Monthly Period, minus (g) the BAseries Investor Default Amount for such Monthly Period, minus (h) the Aggregate Class D Investor Default Amount (as such term is defined in the Series 2001‐D Supplement) for such Monthly Period, and the denominator of which is the Weighted Average Floating Allocation Investor Interest (as such term is defined in the Series 2001‐D Supplement) for such Monthly Period.

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

“Quarterly Excess Available Funds Percentage” means, with respect to the April 2017 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

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“Record Date” means, for any Transfer Date, the last day of the preceding Monthly Period.

“Reference Banks” means four major banks in the London interbank market selected by the Beneficiary.

“Required Accumulation Reserve sub-Account Amount” means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2016‐1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

“Reuters Screen LIBOR01 Page” means the display page currently so designated on the Reuters Monitor Money Rates (or such other page as may replace that page on that service, or such other service as may be nominated as the information vendor, for the purpose of displaying comparable rates or prices).

“Servicer Interchange Rate” means, for any Monthly Period, the percentage equivalent of a fraction, the numerator of which is the BAseries Servicer Interchange for such Monthly Period, and the denominator of which is the Weighted Average Floating Allocation Investor Interest (as such term is defined in the Series 2001‐D Supplement) for such Monthly Period.

“Stated Principal Amount” means $750,000,000.

“Weighted Average Interest Rates” means, with respect to any Outstanding Notes of a class or tranche of the BAseries or the Class D Certificate (as such term is defined in the Series 2001‐D Supplement), or of all of the Outstanding Notes of the BAseries and the Class D Certificate, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date or, in the case of the Class D Certificate, based on the Class D Investor Interest (as such term is defined in the Series 2001‐D Supplement) on such date) of the following rates of interest:

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

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

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

(d)           in the case of a tranche of Notes with a non-Performing Derivative Agreement for interest, the rate specified for that date in the related terms document.

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

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

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

[END OF ARTICLE I]

-6-

ARTICLE II

The Class A(2016‐1) Notes

           Section 2.01.           Creation and Designation. There is hereby created a tranche of BAseries Class A Notes to be issued pursuant to the Indenture and the Indenture Supplement to be known as the “BAseries Class A(2016‐1) Notes.”

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

(a)           For the Class A(2016‐1) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be an amount equal to 14.28571% of (i) the Adjusted Outstanding Dollar Principal Amount of the Class A(2016‐1) Notes on such date or (ii) if an Early Redemption Event with respect to the Class A(2016‐1) Notes shall have occurred, if an Event of Default and acceleration of the Class A(2016‐1) Notes shall have occurred or if the Class A Usage of the Class B Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal Amount of the Class A(2016‐1) Notes as of close of business on the day immediately preceding the occurrence of such Early Redemption Event, such Event of Default and acceleration or the date on which the Class A Usage of Class B Required Subordinated Amount exceeded zero.

(b)           For the Class A(2016‐1) Notes for any date of determination, the Class A Required Subordinated Amount of Class C Notes will be an amount equal to 12.69841% of (i) the Adjusted Outstanding Dollar Principal Amount of the Class A(2016‐1) Notes on such date or (ii) if an Early Redemption Event with respect to the Class A(2016‐1) Notes shall have occurred, if an Event of Default and acceleration of the Class A(2016‐1) Notes shall have occurred or if the Class A Usage of the Class C Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal Amount of the Class A(2016‐1) Notes as of close of business on the day immediately preceding the occurrence of such Early Redemption Event, such Event of Default and acceleration or the date on which the Class A Usage of Class C Required Subordinated Amount exceeded zero.

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

           Section 2.03.           Interest Payment.

(a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2016‐1) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times (ii) the Outstanding Dollar Principal Amount of the Class A(2016‐1) Notes determined as of the Record Date preceding the related Transfer Date.  Interest on the Class A(2016‐1) Notes will be calculated on the basis of the actual number of days in the related Interest Period and a 360-day year.

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(b)           Pursuant to Section 3.03 of the Indenture Supplement, on each Transfer Date, the Indenture Trustee shall deposit into the Class A(2016‐1) Interest Funding sub-Account the portion of BAseries Available Funds allocable to the Class A(2016‐1) Notes.

           Section 2.04.           Calculation Agent; Determination of LIBOR.

(a)           The Issuer hereby agrees that for so long as any Class A(2016‐1) Notes are Outstanding, there shall at all times be an agent appointed to calculate LIBOR for each Interest Period (the “Calculation Agent”).  The Issuer hereby initially appoints the Indenture Trustee as the Calculation Agent for purposes of determining LIBOR for each Interest Period.  The Calculation Agent may be removed by the Issuer at any time.  If the Calculation Agent is unable or unwilling to act as such or is removed by the Issuer, or if the Calculation Agent fails to determine LIBOR for an Interest Period, the Issuer shall promptly appoint a replacement Calculation Agent that does not control or is not controlled by or under common control with the Issuer or its Affiliates.  The Calculation Agent may not resign its duties, and the Issuer may not remove the Calculation Agent, without a successor having been duly appointed.

(b)           On each LIBOR Determination Date, the Calculation Agent shall determine LIBOR on the basis of the rate for deposits in United States dollars for a one-month period which appears on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on such date (or, for the first Interest Period, the rate that corresponds to the actual number of days in the first Interest Period).  If such rate does not appear on Reuters Screen LIBOR01 Page, the rate for that LIBOR Determination Date shall be determined on the basis of the rates at which deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period.  The Calculation Agent shall request the principal London office of each of the Reference Banks to provide a quotation of its rate.  If at least two such quotations are provided, the rate for that LIBOR Determination Date shall be the arithmetic mean of the quotations.  If fewer than two quotations are provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Beneficiary, at approximately 11:00 a.m., New York City time, on that day for loans in United States dollars to leading European banks for a one-month period.

(c)           The Note Interest Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by telephoning the Indenture Trustee at its corporate trust office at (800) 254-2826 or such other telephone number as shall be designated by the Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Noteholder from time to time.

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(d)           On each LIBOR Determination Date, the Calculation Agent shall send to the Indenture Trustee, the Beneficiary and the Servicer, by facsimile transmission, notification of LIBOR for the following Interest Period.

           Section 2.05.           Payments of Interest and Principal.

Any installment of interest or principal, if any, payable on any Class A(2016‐1) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class A(2016‐1) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee.

The right of the Class A(2016‐1) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class A(2016‐1) Termination Date.

           Section 2.06.           Form of Delivery of Class A(2016‐1) Notes; Depository; Denominations.

(a)           The Class A(2016‐1) Notes shall be delivered in the form of a global Registered Note as provided in Sections 202 and 301(i) of the Indenture, respectively.

(b)           The Depository for the Class A(2016‐1) Notes shall be The Depository Trust Company, and the Class A(2016‐1) Notes shall initially be registered in the name of Cede & Co., its nominee.

(c)           The Class A(2016‐1) Notes will be issued in minimum denominations of $5,000 and multiples of $1,000 in excess of that amount.

           Section 2.07.           Delivery and Payment for the Class A(2016‐1) Notes. The Issuer shall execute and deliver the Class A(2016‐1) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Class A(2016‐1) Notes when authenticated, each in accordance with Section 303 of the Indenture.

           Section 2.08.           Targeted Deposits to the Accumulation Reserve Account.

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

[END OF ARTICLE II]

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ARTICLE III

Representations and Warranties

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

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

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

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

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

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

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

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

[END OF ARTICLE III]

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

	 	
BA CREDIT CARD TRUST,

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

	 	 
	 	
By:

	 
	 	 	
Name:  Keith W. Landis

	 	 	
Title:  Vice President

[Signature Page to the Class A(2016-1) Terms Document]

	 	
THE BANK OF NEW YORK MELLON, as 

	 	
Indenture Trustee

	 	
and not in its individual capacity

	 	
By:

	 
	 	 	
Name:

	 	 	
Title:

 

[Signature Page to the Class A(2016-1) Terms Document]Exhibit 10.63

 

MyECheck Services Agreement

 

This Services Agreement (this “Agreement”)
dated  Oct. 23 , 2015 is made by and between MyECheck, Inc., a Wyoming corporation whose address is 2600 East Bidwell Street,
Folsom, Suite 190 CA 95630, (“MyECheck”),  General Payment Systems, Inc. and whose address is  22600-A Lambert
St #707, Lake Forest CA  (“Company”).

 

		A.	Whereas MyECheck provides Payment Data Processing Services
(“Services”);

 

		B.	Whereas Company is engaged in payment acceptance; and

 

		C.	The Service Documentation described below contains the
terms under which MyECheck has agreed to provide Services to the Company.

 

NOW THEREFORE, MYECHECK AND COMPANY AGREE
AS FOLLOWS:

 

		1.	Service Documentation. The “Service
Documentation” includes;

 

		(a)	This Agreement and all exhibits, addendums and attachments;

 

		(b)	User guides which include software and software licenses
if applicable, price schedules, specifications, instructions, and notices;

 

		(c)	The application form(s) for each Service.

 

The Service Documentation also applies to
any Service that is provided by an affiliate of MyECheck and any Service that is used by an affiliate or a subsidiary of Company.
“MyECheck” includes each such affiliate, and “Company” includes each such affiliate and subsidiary. All
terms defined in this Agreement shall have the same meaning when used in the Service Documentation. If there is a conflict among
the documents that make up the Service Documentation, the documents will govern in the order set forth above. Remaining Service
Documents will be delivered, via e-mail, after receipts of this signed agreement.

 

2.          Changes
to Services. MyECheck may change (or add to) the terms and fees in the Service Documentation at any time upon 30 days prior
written notification. If Company discontinues using the affected Service before the change becomes effective, it will not be bound
by the change. If Company continues to use a Service after the change becomes effective, it will be bound by the change.

 

3.          Term
and Termination. Unless terminated sooner in accordance with the Service Documentation, this Agreement and all Services
will continue in effect until terminated by either party upon 30 days prior written notice to the other party (unless a Service
is terminated sooner in accordance with the Service Documentation). MyECheck may terminate any Service following notice to Company
of a breach of any provision of the Service Documentation. MyECheck may also terminate any Service without notice to Company if
Company is subject to a petition under applicable state or federal bankruptcy law, becomes insolvent or is otherwise unable to
make its debts when due, or if MyECheck otherwise determines, in its sole discretion, that a material adverse change has occurred
in Company’s ability to perform its obligations under the Service Documentation. The termination of a Service will not affect
Companys or MyECheck’s rights with respect to transactions which occurred before termination. MyECheck shall not be liable
to Company for any losses or damages Company may incur as a result of any termination of any Service.

 

     

     

    

 

4.          Service
Fees. Company shall pay MyECheck the fees described in Exhibit A of this document. You hereby authorize MyECheck to create
remotely created checks drawn from Company’s checking account(s), and use the checks to collect all fees and charges, or
it may send an invoice to Company for such amounts, which Company shall promptly pay. MyECheck may assess finance charges at a
rate of 1.5% per month (18% per annum) or the highest rate permitted by law, whichever is less, on any invoiced fees that are not
paid within thirty (30) days of the due date and shall apply payments and other reductions of amounts owed first to unpaid interest
and then to other fees and charges.

 

5.          Confidential
Information. Unless otherwise provided in the Service Documentation, all user guides and other written materials, source
code, object code, trademarks and other intellectual property included in the Service Documentation provided pursuant to this Agreement
constitute MyECheck’s or its vendors’ confidential information (“Confidential Information”). MyECheck or
its vendors, as applicable, will remain the sole owner of all such Confidential Information, and Company will not acquire any interest
in or rights to it as a result of Company’s use of any Service except as set forth in the Service Documentation. Company
will maintain the confidentiality of the Confidential Information and will not use for any purpose (other than as specifically
contemplated by this Agreement) or disclose (or permit its employees or agents to disclose), copy, transfer, sublicense or otherwise
make any of it available to any person or entity, other than its employees who have a need to use the Confidential Information
in connection with the applicable Service. Company shall notify MyECheck immediately if it knows or suspects that there has been
any unauthorized disclosure, possession, use or knowledge (each, an “Unauthorized Use”) of any Confidential Information,
and if it is responsible for the Unauthorized Use, it will, at its expense, promptly take all actions, including without limitation
initiating court proceedings to recover possession or prevent further Unauthorized Use of the Confidential Information and obtain
redress for any injury caused to MyECheck as a result of such Unauthorized Use. In addition, except as permitted by applicable
law, Company may not decompile, reverse engineer, disassemble, modify, or create derivative works of any software provided pursuant
to this Agreement.

 

6.          Third
Party Networks; Use of Required Software. If MyECheck determines that any funds transfer or communications network, Internet
service provider, or other system(s) it has selected to provide a Service is unavailable, inaccessible or otherwise unsuitable
for use by MyECheck or Company, MyECheck may, upon notice to Company, suspend or discontinue the affected Service. Company shall
use and maintain in good working order (and at its own expense) software, hardware and other equipment necessary for Company to
use the Service(s) in accordance with the Service Documentation.

 

7.          NO
REPRESENTATIONS OR WARRANTIES OF MYECHECK OR SOFTWARE VENDOR. NEITHER MYECHECK NOR ANY SOFTWARE VENDOR MAKES ANY EXPRESS
OR IMPLIED REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE SERVICES OR ANY SOFTWARE USED IN CONNECTION WITH THE SERVICES INCLUDING
WITHOUT LIMITATION ANY WARRANTY AS TO THE MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OTHER THAN THOSE EXPRESSLY SET FORTH
IN THE SERVICE DOCUMENTATION.

 

    	 	2	 

     

    

 

		8.	Liability and Indemnification.

 

(a)          MyECheck
is under no obligation to honor, in whole or in part, any entry, file, batch release, payment order, transaction or instruction
(each, an “Order”), which (i) exceeds Company’s available funds on deposit in an account with MyECheck related
to the Order, unless otherwise provided in the Service Documentation; (ii) is not in accordance with the Service Documentation
or MyECheck’s applicable policies, procedures or practices as MyECheck may from time to time establish and make available
to Company; (iii) MyECheck has reason to believe may not have been duly authorized, should not be honored for its or Company’s
protection, or involves funds subject to a hold, dispute, restriction or legal process that prevents their withdrawal; or (iv)
could result, in MyECheck’s sole discretion, in a violation of any law, rule or regulation of any federal or state regulatory
authority, including without limitation any Federal Reserve risk control program or guidelines such as the limitations on MyECheck’s
intra-day net funds position.

 

(b)          Company
shall promptly furnish written proof of loss to MyECheck and notify MyECheck if it becomes aware of any third party claim related
to a Service. Company shall cooperate fully (and at its own expense) with MyECheck in recovering a loss. If Company is reimbursed
by or on behalf of MyECheck, MyECheck or its designee will be subrogated to all rights of Company.

 

(c)          Any
claim, action or proceeding against MyECheck for losses or damages arising from a Service, including MyECheck’s honoring
or dishonoring a check covered by a Service, must be brought within one year from the date of the act or omission or in the case
of a check from the date the check was first paid or returned by MyECheck.

 

(d)          MyECheck
will have no liability for failure to perform or delay in performing a Service if the failure or delay is due to circumstances
beyond MyECheck’s reasonable control.

 

(e)          Except
in the case of MyECheck’s gross negligence or intentional misconduct, Company shall indemnify and hold MyECheck, its directors,
officers, employees and agents harmless from all losses or damages that arise out of (i) the performance of a Service in accordance
with the Service Documentation, including without limitation any warranty MyECheck is required to make to a third party in connection
with a Service; (ii) an act or omission of any agent, courier or authorized representative of Company; or (iii) if the Service
includes a license or sublicense of any software to Company, the use or distribution of the software by Company or any person gaining
access to the software through Company that is inconsistent with the license or sublicense.

 

    	 	3	 

     

    

 

(f)          MYECHECK
WILL ONLY BE LIABLE TO COMPANY FOR ITS DIRECT MONETARY LOSSES OR DAMAGES DUE TO MYECHECK’S GROSS NEGLIGENCE OR MATERIAL BREACH
OF THIS AGREEMENT. MYECHECK’S LIABILITY TO COMPANY WILL BE LIMITED TO AN AMOUNT NOT TO EXCEED THE AMOUNT OF THE FEES ACTUALLY
PAID BY COMPANY TO MYECHECK DURING THE CALENDAR MONTH IMMEDIATELY PRECEDING THE CALENDAR MONTH IN WHICH SUCH LOSS OR DAMAGES WERE
INCURRED (OR, IF NO MYECHECK FEES WERE PAID IN SUCH MONTH, MYECHECK FEES PAID IN THE MONTH IN WHICH THE LOSSES OR DAMAGES WERE
INCURRED). IN NO EVENT WILL EITHER PARTY TO THIS AGREEMENT BE LIABLE TO THE OTHER PARTY FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL
(INCLUDING WITHOUT LIMITATION COURT COSTS AND ATTORNEYS’ FEES), INDIRECT, OR PUNITIVE LOSSES OR DAMAGES, WHETHER ANY CLAIM
IS BASED ON CONTRACT OR TORT, OR WHETHER THE LIKELIHOOD OF SUCH LOSSES OR DAMAGES WAS KNOWN TO THE OTHER PARTY AND REGARDLESS OF
THE FORM OF THE CLAIM OR ACTION.

 

		9.	General.

 

(a)          The
Service Documentation will be governed by the laws of the state of California, without regard to conflicts of laws principles.
In the event any legal action becomes necessary to enforce or interpret the terms of this Agreement, the parties agree that such
action will be brought in the U.S. District Court of the Northern District of California, Sacramento County, and that the parties
hereby submit to the jurisdiction and venue of said court.

 

(b)          Any
portion of the Service Documentation which is inconsistent with applicable laws, regulations or rules will be deemed modified and
applied in a manner consistent therewith, and MyECheck will incur no liability to Company as a result of the inconsistency or modification
and application. If any portion of the Service Documentation is deemed unenforceable or invalid, it will not otherwise affect the
enforceability or validity of the Service Documentation.

 

(c)          The
Service Documentation is the entire agreement between MyECheck and Company and supersedes all prior representations, conditions,
warranties, understandings, proposals or agreements regarding a Service. No course of dealing or waiver of any right on one occasion
will constitute a modification of the Service Documentation or be a waiver of that right on a subsequent occasion.

 

(d)          Company
agrees to provide MyECheck promptly upon MyECheck’s request any existing financial statements or other information pertaining
to Company’s financial condition or any previously unprepared financial statements which MyECheck may require Company to
prepare and/or to be audited or reviewed by independent certified public accountants acceptable to MyECheck.

 

(e)          Company
expressly warrants that a Service will not be used in a manner which violates any federal or state law including without limitation
any sanction or control administered by the Office of Foreign Assets Control or Bureau of Export Administration.

 

(f)          Sections
4, 5, 6, 8, 9 and 10 of this Agreement will survive termination of this Agreement.

 

    	 	4	 

     

    

 

(g)          Either
party may provide notice to the other party by mail, personal delivery, or electronic transmission. MyECheck shall use the most
recent address for Company in MyECheck’s records, and any notice from MyECheck will be effective when sent. Company shall
use the address where Company’s relationship manager is located and address any notice to the attention of such manager.
Any notice from Company will be effective when actually received by MyECheck. MyECheck will be entitled to rely on any notice from
Company that it believes in good faith was authorized by an authorized representative of Company and, except as expressly stated
in the Service Documentation, shall have no obligation to verify the signature (including an electronic signature). Each party
will have a reasonable time after receipt of any notice to act on it.

 

(h)          All
uses of the Services through Company’s ID codes, passwords, token cards, PINs, or passcodes (each, a “Code”)
will be deemed to be authorized by and binding on Company. Company’s failure to protect Codes may allow an unauthorized party
to (i) use the Services, (ii) access Company’s electronic communications and financial data, and/or (iii) send or receive
information and communications to MyECheck. Unencrypted electronic transmissions are not secure. Company assumes the entire risk
for unauthorized use of Codes and any unencrypted electronic transmissions.

 

(i)          Company
may not assign or transfer its rights or obligations with respect to the Service Documentation without MyECheck’s prior written
consent. MyECheck may assign its rights and obligations with respect to the Service Documentation to any successor by merger, consolidation
or corporate reorganization.

 

(j)          Unless
otherwise provided in the Service Documentation, the term “Business Day” means that part of a business day occurring
prior to the cutoff time determined in accordance with MyECheck’s applicable funds availability policy.

 

(k)          The
parties do not intend that any agency or partnership relationship be created between them by this Agreement.

 

(l)          Company
authorizes MyECheck to issue a press release, which may contain Company’s stock ticker symbol; that describes the nature
of the relationship between MyECheck and Company.

 

(m)          This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

 

(n)          
"Client will not be charged for any test payments sent to our test server. Please note that any payments sent to our production
server will be charged per transaction in real-time."

 

    	 	5	 

     

    

 

(o)          IN
WITNESS WHEREOF, the parties have entered into this Agreement as of the date first set forth above.

 

	Agreed:	 	Accepted:	 
	Company	 	MyECheck	 
	 	 	 	 	 
	Signature:	/s/ Chris Trujillo	 	Signature: 	 
	 	 	 	 	 
	Name:	Chris Trujillo	 	Ed Starrs	 
	 	 	 	 	 
	Company:	General Payment Systems	 	MyECheck	 
	 	 	 	 	 
	Title:	Operations Manager	 	President/CEO  	 
	 	 	 	 	 
	 	 	 	Signature:	/s/ James T. Fancher

 

	 	 	 	Jim Fancher	 
	 	 	 	 	 
	 	 	 	MyECheck, Inc.
	 	 	 	 	 
	 	 	 	Senior Vice President/COO
	 	 	 	 	 
	 	 	 	Effective Date: 	10/26/15

 

    	 	6	 

     

    

 

Exhibit A –
Fees

 

MyECheck Electronic Check Service

 

	Transactions per Month	 	 	Fee	 
	0 to 100,000	 	$	0.25 per transaction	 
	100,001 to 999,999	 	$	0.20 per transaction	 
	1,000,000 +	 	$	0.15 per transaction	 

 

Optional Services

 

Account Verification Service

Determines whether an account is
open, valid and in a positive status. Looks for stop payments, overdrafts and balance when available. MyECheck returns an Accept
or Decline code based on Merchant configured settings in the Merchant portal.

 

	Service Description	 	 	Fee per Transaction	 
	Account Verification Service	 	$	0.20	 

 

Identity Verification Service (Includes Account Verification
Service)

Verifies that the person conducting the transaction
is who they claim to be. MyECheck returns an Accept or Decline code based on Merchant configured settings in the Merchant portal.

 

	Service Description	 	Fee per Transaction	 
	Identity Verification Service	 	$	0.74	 

 

Account Ownership Verification Service (Includes Account
Verification Service + Identity Verification Service)

Provides key bank account owner and status information
used to authenticate if the customer is an authorized signer on the bank account. MyECheck returns an Accept and Decline code based
on Merchant configured settings in the Merchant portal.

 

	Service Description	 	Fee per Transaction	 
	Account Authorization Service	 	$	1.24	 

 

Payment Guarantee Service

Provides key bank account owner and status information used
to authenticate if the customer is an authorized signer on the bank account. MyECheck returns an Accept or Decline code based on
Merchant configured settings in the Merchant portal.

 

	Service Description	 	Fee per Transaction
	Payment Guarantee Service	 	Quote Only

 

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