Document:

Fulbright & Jaworski Document

Exhibit 10.1

COMPENSATION OF DIRECTORS

OF

OYO GEOSPACE CORPORATION

Each member of the Board of Directors of OYO Geospace Corporation (the "Company") who is not an employee of the Company is entitled to receive annual compensation for his service as a director of the Company.  Up until February 21, 2007, the amount of this compensation offered was $27,500 for each non-employee director.  Under the Company's 1997 Non-Employee Director Stock Plan (the "Director Plan"), $15,000 of this annual compensation was payable in shares of common stock, $.01 par value, of the Company (the "Common Stock"), calculated based on the fair market value thereof on the date of issuance.  The Company paid the remaining $12,500 in annual director compensation to each non-employee director in cash in four equal quarterly installments.  

Additionally, prior to February 21, 2007, pursuant to the Director Plan, each non-employee director serving on the Board following each meeting of stockholders is also entitled to receive the grant of an option to acquire 3,150 shares of Common Stock at the fair market value on the date of that grant (each, an "Annual Option").  Due to the recent rise in the Company's stock price, however, the combination of the value of the Annual Option (as calculated based on the Black-Scholes valuation method prescribed by SFAS 123R) and the $27,500 annual retainer results in an annual payment to non-employee directors at a significantly higher level than in previous years.  This increased director compensation expense has an adverse effect on earnings per share. 

On February 21, 2007, the Board approved a new compensation structure for non-employee directors, as recommended by the Board's Compensation Committee.  Under this new structure, each non-employee director will receive $75,000 in cash, paid in four equal quarterly installments.  The chairman of the audit committee will receive an additional $10,000 in cash, paid in four equal quarterly installments.  Pursuant to an amendment to the Director Plan adopted at the same meeting, the Annual Options will no longer be granted.  The Board also adopted a policy that over the next three years all non-employee directors shall acquire through open market purchases an ownership interest in the Company's Common Stock with an aggregate value of $50,000.     

As in past years, Mr. Katsuhiko Kobayashi, a non-employee director of the Company, declined his annual director compensation paid in respect of fiscal year 2007.

All directors of the Company are reimbursed for ordinary and necessary expenses incurred in attending board and committee meetings.Fulbright & Jaworski Document

Exhibit 10.2

AMENDMENT NO. 2

TO

1997 OYO GEOSPACE CORPORATION

NON-EMPLOYEE DIRECTOR PLAN

Adopted by the Board of Directors February 21, 2007

This Amendment amends the 1997 OYO Geospace Corporation Non-Employee Director Plan (the "Plan") as follows:

	Section 6 of the Plan is hereby amended to read in its entirety as follows:

"6.  OPTION GRANT SIZE AND GRANT DATES.  (a) An option to purchase 6,300 shares of stock (as adjusted pursuant to Paragraph 18) shall be granted to each Eligible Director on the closing date of the initial public offering ("IPO") of the Stock of this Company at an exercise price equal to the per share price to the public, subject to the closing of the IPO.  (b) Subject to the provisions of the Plan, the Board may grant Options to purchase shares of Stock to Eligible Directors from time to time. The Board shall determine the number of shares subject to each Option."PLUG POWER EXECUTIVE INCENTIVE PLAN

 Exhibit 10.1 
 

 
 Executive Incentive Plan 
 I. Guiding Principles 
 Plug Power’s total rewards programs are designed to be flexible and effective to help the organization attract,
develop, motivate and retain a high-talent workforce which will achieve Plug Power’s strategic objectives as they evolve in our developing business models. The annual Executive Incentive Plan is part of Plug Power’s Total Rewards program.

 The Executive Incentive Plan is designed to align executives towards identifying and achieving common objectives that drive the organization forward. The
Incentive Plan should be based on measurable objectives which are clearly linked to Plug Power’s success. 
 II. Eligibility 
 This Plan offers an incentive to all eligible executives that ties both organizational objectives and individual performance achievement. Eligible executives must be
employed a minimum of four months. Bonuses will be prorated. Plan participants must be employed on the date bonus checks are issued. Eligible executives are defined as such executive officers as are determined from time to time by the Compensation
Committee. 
 III. Plan Requirements 
  

	 	a.	An Executive Incentive Plan budget shall be prepared annually by Human Resources and submitted to the Compansation Committee for review and approval. The Plan budget shall be based
on 100% achievement of Corporate Objectives and 100% achievement of Individual Objectives for all Eligible executives. Such Corporation and Individual Objectives shall be approved by the Compensation Committee 

	 	b.	Recommended bonus calculations are to be completed by Human Resources. They will be determined by both Corporate Objective and Individual Objective achievement measures reviewed and
approved by the Compensation Committee. 

	 	c.	The Plan formulas represent bonus recommendations, and the actual bonus awarded must have the final approval of the Compensation Committee. 

	 	 d.
	 Generally, bonuses are paid prior to March 15th of the year following the incentive Plan year. 

	 	e.	Bonuses are subject to taxes and are not considered part of base salary for the calculation of future raises. 

	 	f.	Plug Power retains the right to amend this Plan at any time including but not limited to amendments that address compensation related to extraordinary performance.

 IV. Plan Design 
  

	 	a.	Forming the Corporate Pool 

 The available incentive pool is formed first
by the achievement of Corporate Objectives using the following chart. A minimum of 3 objectives must be achieved at or above Threshold; otherwise the incentive pool is 0%. 
  

							
	 Corporate Objective
	 	 Threshold
	 	 Exceeds
	 	 Exceptional

	1	 	4%	 	8%	 	10%
	2	 	3%	 	6%	 	10%
	3	 	3%	 	6%	 	10%

 Example, Part 1: 
 Objective 1 is Exceeds, Objective 2 is at Threshold and Objective 3 is Exceeds. The minimum has been met and the maximum pool is 17% (8% + 3% + 6%). This translates into a possible Individual Executive
Incentive of 17% of base salary for each eligible executive. The actual percentage will be based on performance against Individual Objectives. 

	 	b.	Earning Individual Payout 

 While working to achieve and support Corporate
Objectives, each eligible executive also has Individual Objectives, with Threshold, Exceed and Exceptional measurements. Achievement of Individual Objectives will determine the payout to the individual. The achievement of Individual Objectives is
assigned a percentage in the chart below; percentages are totaled, and rounding is acceptable. This individual “factor” is applied to the Corporate Objectives percentage to determine individual payout. The maximum individual payout is
equivalent to the Corporate Objectives percentage (17% in the Example, Part 1), not to exceed 30% of base salary. There is no minimum threshold requirement for the individual objectives. 
  

							
	 Individual Objective
	 	 Threshold
	 	 Exceeds
	 	 Exceptional

	1	 	23.3%	 	30%	 	33.3%
	2	 	23.3%	 	30%	 	33.3%
	3	 	23.3%	 	30%	 	33.3%

 Example, Part 2: 
 Objective 1 is at Exceeds, Objective 2 is at Threshold and Objective 3 is at Exceeds. The individual factor is 83.3% (30.0% + 23.3% + 30%). The executive will receive 83.3% x 17% = 14.2% individual incentive.Exhibit 4.1

 Exhibit 4.1 
 CHASE ISSUANCE TRUST 
 as Issuing Entity 
 CLASS A(2007-2) TERMS DOCUMENT 
 dated as of February 21, 2007 
 to 
 AMENDED AND RESTATED 
 CHASESERIES INDENTURE SUPPLEMENT 
 dated as of October 15, 2004 
 to 
 SECOND AMENDED AND RESTATED 
 INDENTURE 
 dated as of March 14, 2006 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Indenture Trustee and Collateral Agent 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	PAGE
	 ARTICLE I Definitions and Other Provisions of General Application

			
	 Section 1.01
	 	Definitions	  	1
			
	 Section 1.02
	 	Governing Law	  	4
			
	 Section 1.03
	 	Counterparts	  	4
			
	 Section 1.04
	 	Ratification of Indenture and Indenture Supplement	  	4
	
	 ARTICLE II The Class A(2007-2) Notes

			
	 Section 2.01
	 	Creation and Designation	  	5
			
	 Section 2.02
	 	Specification of Required Subordinated Amount and Other Terms	  	5
			
	 Section 2.03
	 	Interest Payment	  	6
			
	 Section 2.04
	 	Calculation Agent; Determination of LIBOR	  	6
			
	 Section 2.05
	 	Payments of Interest and Principal	  	7
			
	 Section 2.06
	 	Form of Delivery of Class A(2007-2) Notes; Depository; Denominations.	  	7
			
	 Section 2.07
	 	Delivery and Payment for the Class A(2007-2) Notes	  	8
			
	 Section 2.08
	 	Supplemental Indenture	  	8
			
	 Section 2.09
	 	Appointment of co-Paying Agent and co-Transfer Agent	  	8

 THIS CLASS A(2007-2) TERMS DOCUMENT (this “Terms Document”), by and between the CHASE ISSUANCE
TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuing Entity”), having its principal office at c/o Wilmington Trust Company, 1100 North Market Street, Wilmington, Delaware 19890-1600, and WELLS FARGO BANK,
NATIONAL ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”) and collateral agent (the “Collateral Agent”), is made and entered into as of February 21, 2007. 
 Pursuant to this Terms Document, the Issuing Entity and the Indenture Trustee shall create a new Tranche of CHASEseries Class A Notes and shall
specify the principal terms thereof. 
 ARTICLE I 
 Definitions and Other Provisions of General Application 
 Section 1.01 Definitions For all
purposes of this Terms Document, except as otherwise expressly provided or unless the context otherwise requires: 
 (1) the terms defined in
this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 
 (2) all other terms used
herein which are defined in the Indenture Supplement, the Indenture or the Asset Pool Supplement, either directly or by reference therein, have the meanings assigned to them therein; 
 (3) as used in this Terms Document and in any certificate or other document made or delivered pursuant hereto or thereto, accounting terms not defined in
this Terms Document or in any such certificate or other document, and accounting terms partly defined in this Terms Document or in any such certificate or other document to the extent not defined, shall have the respective meanings given to them
under GAAP. To the extent that the definitions of accounting terms in this Terms Document or in any such certificate or other document are inconsistent with the meanings of such terms under GAAP, the definitions contained in this Terms Document or
in any such certificate or other document shall control; 
 (4) the words “hereof,” “herein,” “hereunder” and
words of similar import when used in this Terms Document shall refer to this Terms Document as a whole and not to any particular provision of this Terms Document; references to any subsection, Section, clause, Schedule or Exhibit are references to
subsections, Sections, clauses, Schedules and Exhibits in or to this Terms Document unless otherwise specified; the term “including” means “including without limitation”; references to any law or regulation refer to that law or
regulation as amended from time to time and include any successor law or regulation; references to any Person include that Person’s successors and assigns; and references to any agreement refer to such agreement, as amended, supplemented or
otherwise modified from time to time; 

 (5) in the event that any term or provision contained herein shall conflict with or be inconsistent with
any term or provision contained in the Indenture Supplement, the Indenture or the Asset Pool Supplement, the terms and provisions of this Terms Document shall be controlling; and 
 (6) each capitalized term defined herein shall relate only to the Class A(2007-2) Notes and no other Tranche of CHASEseries Notes issued by the Issuing
Entity. 
 “Asset Pool Supplement” means the Amended and Restated Asset Pool One Supplement to the Indenture, dated as of
October 15, 2004, as amended by the First Amendment thereto, dated as of May 10, 2005, and the Second Amendment thereto, dated as of February 1, 2006, by and among the Issuing Entity, the Indenture Trustee and the Collateral Agent.

 “BDL” means Banque de Luxembourg. 
 “Beneficiary” means Chase Bank USA, National Association, in its capacity as beneficial owner of the Issuing Entity. 
 “Calculation Agent” is defined in Section 2.04(a). 
 “Class A(2007-2) Adverse
Event” means the occurrence of any of the following: (a) an Early Amortization Event with respect to the Class A(2007-2) Notes, (b) an Event of Default and acceleration of the Class A(2007-2) Notes, (c) the Class A Usage
of the Class B Required Subordinated Amount for the Class A(2007-2) Notes becomes greater than zero or (d) the Class A Usage of the Class C Required Subordinated Amount for the Class A(2007-2) Notes becomes greater than zero. 

“Class A(2007-2) Note” means any Note, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement, designated
therein as a Class A(2007-2) Note and duly executed and authenticated in accordance with the Indenture. 
 “Class A(2007-2)
Noteholder” means a Person in whose name a Class A(2007-2) Note is registered in the Note Register. 
 “Class A(2007-2)
Termination Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2007-2) Notes is paid in full, (b) the Legal Maturity Date and (c) the date on
which the Indenture is discharged and satisfied pursuant to Article V thereof. 
 “Class A Required Subordinated Amount of Class B
Notes” is defined in Section 2.02(a). 
 “Class A Required Subordinated Amount of Class C Notes” is defined in
Section 2.02(b). 
  

 2 

 “Controlled Accumulation Amount” means $33,333,333.33; provided, however,
if the Accumulation Period Length is determined to be less than twelve months pursuant to Section 3.12(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount for any Note Transfer Date with respect to the Class A(2007-2) Notes
will be the amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement. 
 “Indenture” means the Second Amended and Restated Indenture, dated as of March 14, 2006, between the Issuing Entity and the Indenture Trustee. 
 “Indenture Supplement” means the Amended and Restated CHASEseries Indenture Supplement, dated as of October 15, 2004, among the
Issuing Entity, the Indenture Trustee and the Collateral Agent. 
 “Initial Dollar Principal Amount” means $400,000,000.

 “Interest Payment Date” means March 15, 2007 and the 15th day of each month thereafter, or if such 15th day is not a
Business Day, the next succeeding Business Day. 
 “Interest Period” means, with respect to any Interest Payment Date, the
period from and including the previous Interest Payment Date (or in the case of the initial Interest Payment Date, from and including the Issuance Date) to but excluding such Interest Payment Date. 
 “Issuance Date” means February 21, 2007. 
 “Legal Maturity Date” means April 15, 2019. 
 “LIBOR” means, for any
Interest Period, the London interbank offered rate for one-month United States dollar deposits determined by the Calculation Agent on the LIBOR Determination Date for each Interest Period in accordance with the provisions of Section 2.04.

 “LIBOR Determination Date” means (1) February 16, 2007 for the period from and including the Issuance Date
through but excluding March 15, 2007 and (2) for each interest period thereafter, the second London Business Day prior to the commencement of the second and each subsequent Interest Period. 
 “London Business Day” means any Business Day on which dealings in deposits in United States Dollars are transacted in the London
interbank market. 
 “Note Interest Rate” means a rate per annum equal to 0.05% 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
Wells Fargo Bank, National Association. 
  

 3 

 “Predecessor Note” means, with respect to any particular Note, every previous Note
evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purpose of this definition, any Note authenticated and delivered under Section 3.06 of the Indenture in lieu of a mutilated, lost, destroyed or
stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note. 
 “Record Date”
means, for any Note Transfer Date, the last Business Day of the preceding Monthly Period. 
 “Reference Banks” means four
major banks in the London interbank market selected by the Beneficiary. 
 “Scheduled Principal Payment Date” means
February 15, 2017. 
 “Stated Principal Amount” means $400,000,000. 
 “Telerate Page 3750” means the display page currently so designated on the Bridge Telerate Market Report (or such other page as may
replace that page on that service for the purpose of displaying comparable rates or prices). 
 Section 1.02 Governing Law
THIS TERMS DOCUMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED
IN ACCORDANCE WITH SUCH LAWS. 
 Section 1.03 Counterparts This Terms Document may be executed in any number of counterparts,
each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument. 
 Section 1.04 Ratification of Indenture and Indenture Supplement As supplemented by this Terms Document, each of the Indenture, the Asset Pool Supplement and the Indenture Supplement is in all respects ratified and confirmed and
the Indenture as so supplemented by the Asset Pool Supplement and the Indenture Supplement as so supplemented by this Terms Document shall be read, taken and construed as one and the same instrument. 
 [END OF ARTICLE I] 
  

 4 

 ARTICLE II 
 The Class A(2007-2) Notes 
 Section 2.01 Creation and Designation There is hereby created a
Tranche of CHASEseries Class A Notes to be issued pursuant to the Indenture and the Indenture Supplement to be known as the “CHASEseries Class A(2007-2) Notes.” 
 Section 2.02 Specification of Required Subordinated Amount and Other Terms 
 (a) For the Class A(2007-2) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be an amount equal
to 7.80347% of (i) prior to the occurrence of a Class A(2007-2) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2007-2) Notes on such date of determination or (ii) on and after the date on which a Class
A(2007-2) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2007-2) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal Amount of the
Class A(2007-2) Notes as of the close of business on the day immediately preceding the date on which such Class A(2007-2) Adverse Event shall have occurred. 
 (b) For the Class A(2007-2) Notes for any date of determination, the Class A Required Subordinated Amount of Class C Notes will be an amount equal to 7.80347% of (i) prior to the occurrence of a Class
A(2007-2) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2007-2) Notes on such date or (ii) on and after the date on which a Class A(2007-2) Adverse Event shall have occurred, the greater of (1) the Adjusted
Outstanding Dollar Principal Amount of the Class A(2007-2) Notes on such date of determination and (2) Adjusted Outstanding Dollar Principal Amount of the Class A(2007-2) Notes as of the close of business on the day immediately preceding the
date on which such Class A(2007-2) Adverse Event shall have occurred. 
 (c) The Issuing Entity may change the percentages or the formulas
set forth in either clause (a) or (b) above without the consent of any Noteholder so long as the Issuing Entity has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Notes that the change in
either of such percentages or formulas, as applicable, will not result in a Ratings Effect with respect to any Outstanding Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion and an Issuing
Entity Tax Opinion. 
  

 5 

 Section 2.03 Interest Payment 
 (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2007-2) 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(2007-2) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2007-2) Notes;
provided, however, that for the first Interest Payment Date, the amount of interest due with respect to the Class A(2007-2) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class
A(2007-2) Notes on the Issuance Date, (y) 22 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2007-2) Notes determined on February 16, 2007. Interest on the Class A(2007-2) Notes will be calculated
on the basis of the actual number of days elapsed and a 360-day year. 
 (b) Pursuant to Section 3.03 of the Indenture Supplement, on
each Note Transfer Date with respect to the Class A(2007-2) Notes, the Indenture Trustee shall deposit into the Class A(2007-2) Interest Funding Sub-Account the portion of CHASEseries Available Finance Charge Collections allocable to the Class
A(2007-2) Notes. 
 Section 2.04 Calculation Agent; Determination of LIBOR 
 (a) The Issuing Entity hereby agrees that for so long as any Class A(2007-2) Notes are Outstanding, there shall at all times be an agent appointed to
calculate LIBOR for each Interest Period (the “Calculation Agent”). The Issuing Entity 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 Issuing Entity at any time. If the Calculation Agent is unable or unwilling to act as such or is removed by the Issuing Entity, or if the Calculation Agent fails to determine LIBOR for an Interest Period, the Issuing
Entity shall promptly appoint a replacement Calculation Agent that does not control or is not controlled by or under common control with the Issuing Entity or its Affiliates. The Calculation Agent may not resign its duties, and the Issuing Entity
may not remove the Calculation Agent, without a successor having been duly appointed. 
 (b) On each LIBOR Determination Date, the
Calculation Agent shall determine LIBOR on the basis of the rate for deposits in United States dollars for a one-month period which appears on Telerate Page 3750 or on such comparable system as is customarily used to quote LIBOR as of 11:00 a.m.,
London time, on such date. If such rate does not appear on Telerate Page 3750 or on a comparable system as is customarily used to quote LIBOR the rate for that LIBOR Determination Date shall be determined on the basis of the rates at which deposits
in United States dollars are offered by the 

  

 6 

 
Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period. The Calculation
Agent shall request the principal London office of each of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that LIBOR Determination Date shall be the arithmetic mean of the
quotations. If fewer than two quotations are provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Beneficiary, at approximately 11:00 a.m.,
New York City time, on that day for loans in United States dollars to leading European banks for a one-month period. 
 (c) The Note Interest
Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by telephoning the Indenture Trustee at its corporate trust office at (612) 667-8058 or such other telephone number as shall be designated by the
Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Noteholder from time to time. 
 (d) On each
LIBOR Determination Date, the Calculation Agent shall send to the Indenture Trustee and the Beneficiary, by facsimile transmission, notification of LIBOR for the following Interest Period. 
 Section 2.05 Payments of Interest and Principal 
 (a) Any installment of interest or principal payable on any Class A(2007-2) Note which is punctually paid or duly provided for by the Issuing Entity and the Indenture Trustee on the applicable Interest Payment Date or
Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class A(2007-2) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person’s
account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, by check
mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment
shall be made by wire transfer in immediately available funds to the account designated by such nominee. 
 (b) The right of the Class
A(2007-2) Noteholders to receive payments from the Issuing Entity will terminate on the first Business Day following the Class A(2007-2) Termination Date. 
 Section 2.06 Form of Delivery of Class A(2007-2) Notes; Depository; Denominations. 
 (a) The
Class A(2007-2) Notes shall be delivered in the form of a global Registered Note as provided in Sections 2.02 and 3.01(i) of the Indenture, respectively. 
  

 7 

 (b) The Depository for the Class A(2007-2) Notes shall be The Depository Trust Company, and the Class
A(2007-2) Notes shall initially be registered in the name of Cede & Co., its nominee. 
 (c) The Class A(2007-2) Notes will be
issued in minimum denominations of $100,000 and integral multiples of $1,000 in excess of $100,000. 
 Section 2.07 Delivery and
Payment for the Class A(2007-2) Notes The Issuing Entity shall execute and deliver the Class A(2007-2) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Class A(2007-2) Notes when authenticated, each
in accordance with Section 3.03 of the Indenture. 
 Section 2.08 Supplemental Indenture The Issuing Entity may enter into a
supplemental indenture with respect to the Class A(2007-2) Notes as provided in Section 9.01 of the Indenture; provided, however, that any supplemental indenture which provides for an additional or alternative form of credit
enhancement for the Class A(2007-2) Notes shall, in addition to the requirements set forth in Section 9.01 of the Indenture, require confirmation from the Note Rating Agencies that have rated any Outstanding Notes of the CHASEseries that such
change in credit enhancement will not result in a Ratings Effect with respect to any Outstanding Notes of the CHASEseries. 
 Section 2.09 Appointment of co-Paying Agent and co-Transfer Agent 
 BDL is appointed as co-paying agent and as
co-transfer agent in Luxembourg with respect to the Class A(2007-2) Notes for so long as the Class A(2007-2) Notes are listed on the Luxembourg Stock Exchange. Any reference in this Terms Document, the Indenture Supplement, the Asset Pool Supplement
and the Indenture to the Paying Agent or the Transfer Agent shall be deemed to include BDL as co-paying agent or co-transfer agent, as the case may be, unless the context requires otherwise. 
 [END OF ARTICLE II] 
  

 8 

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

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

		
	By:	 	 /s/ Keith W. Schuck

	Name:	 	Keith W. Schuck
	Title:	 	President
	
	 WELLS FARGO BANK, NATIONAL
 ASSOCIATION, as
Indenture Trustee and
 Collateral Agent

		
	By:	 	 /s/ Cheryl C. Zimmerman

	Name:	 	Cheryl C. Zimmerman, CCTS
	Title:	 	Assistant Vice President

 Chase Issuance Trust 
 CHASEseries Class A(2007-2) Notes Terms Document

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