Document:

Letter Agreement

 Exhibit 10.1 
 January 5, 2011 
 Mr. Richard Blum 

1446 Apple Farm Lane 
 Cincinnati, Ohio 45230

 Dear Rick: 
 The following serves
as documentation of the terms of our agreement regarding your exit from CECO (this “Agreement”). 
 CECO agrees to: 

 

	•	 	 pay your regular salary through January 31, 2011. 

 

	•	 	 pay the existing health care premiums for you and your spouse for 6 months (through June 30, 2011). 

 

	•	 	 buy your shares of CECO stock (73,741 in total, which includes the 48,471 you own and the 25,000 you acquired through exercising these options) at the
price of $5.84 

  

	•	 	 not impose/require the non compete and non solicitation provisions set forth in your Employment Agreement. 

 

	•	 	 refrain from making or publishing any disparaging or false statements either oral or written, about you. 

Rick Blum agrees: 
  

	•	 	 to resign his Officer’s positions of and his Board seats of CECO Environmental Corp. and all affiliated companies, effective as of January 5,
2011 (other than his position as President of CECO Environmental Corp., which expired end of December 31, 2010, and as a director of the CECO Environmental Corp., which is effective as of January 1, 2010). 

 

	•	 	 to refrain from making or publishing any disparaging or false statements either oral or written, about CECO, CECO’s former and current officers,
directors, owners, partners, members, shareholders, representatives, agents, employees, subsidiaries, parents, affiliates, divisions, and all other related entities of CECO. 

 

	•	 	 To be available from time to time through the month of January 2011 to advise and consult on an as needed basis. 

 

	•	 	 That the amounts previously paid to him and those discussed in this Agreement are all amounts owed to him in full for his services to CECO
Environmental Corp. and its affiliated companies. 

 In addition, Mr. Blum acknowledges that the above-referenced
payments and benefits are things of value which Mr. Blum would not receive except for his signature of this Agreement and fulfillment of the promises contained herein. Mr. Blum further agrees that the payments and other benefits constitute
full, final, and complete satisfaction of any and all “Claims” by Mr. Blum against any or all of the “Releasees,” as those terms are defined in the following paragraph. Mr. Blum further acknowledges that CECO is
entering into this Agreement based on his representation that this Agreement will resolve any and all claims that he has or could have against CECO for any issues relating to his employment or the termination of his employment and that he is waiving
any right to pursue any lawsuit against CECO with respect to his employment, the termination of his employment or any other issue that arose prior to his execution of this Agreement. 

  
 Page 1
of 3 

 In exchange for the consideration set forth above, Mr. Blum, on behalf of himself and any heirs,
dependents, spouses, beneficiaries, successors, agents, assigns, executors, and/or administrators, hereby fully, finally, and forever releases and agrees not to sue or be a party to any lawsuit of any kind or nature against CECO, CECO’s former
and current officers, directors, owners, partners, members, shareholders, representatives, agents, employees, subsidiaries, parents, affiliates, divisions, and all other related entities of CECO and their respective heirs, predecessors, successors,
and assigns, and all other persons and entities acting by, through, under, or in concert with any of them (hereinafter, “Releasees”) for any and all claims, complaints, causes of action, lawsuits, rights, liabilities, obligations,
promises, agreements, grievances, controversies, damages, demands, losses, debts, costs, expenses, or attorneys’ fees (hereinafter, “Claims”), whether asserted or unasserted, known or unknown, from the beginning of time through the
date Mr. Blum signs this Agreement, including but not limited to Claims arising out of or relating to Mr. Blum’s employment with CECO and/or his separation therefrom arising under any practice, policy or employment agreement or any
federal, state, or local law, including without limitation Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act (“ADA”), as amended, the Family and Medical Leave Act (“FMLA”), as amended, the Age
Discrimination in Employment Act (“ADEA”), and any other federal, state, county or local statute, ordinance, regulation or order and all claims under the common law in tort, contract or otherwise. This release specifically includes any
employment-related claims for compensatory, consequential, exemplary or punitive damages, reinstatement, equitable relief, attorneys’ fees or costs, backpay, front pay, loss of salary, net accumulations, wages, bonuses, incentive payments,
commissions, expense reimbursements, rates of pay, vacations, sick days, earnings, interest or loss of any other incidents, terms or conditions of employment. Claims released do not include applicable and vested benefits to which Mr. Blum is
entitled, if any, pursuant to CECO’s retirement plan(s), as set forth in and governed by the formal Plan Document(s). Mr. Blum warrants that he has not assigned or transferred any Claims against Releasees to any other person or entity.
Except as expressly provided for herein, this release of Claims also shall include Mr. Blum’s entitlement to any benefits under all other employee benefit programs sponsored or maintained by or on behalf of CECO. 

Mr. Blum understands and agrees that by this release he is giving up the opportunity to recover any compensation, damages or any other form of
relief in any proceeding brought by him or on his behalf. Mr. Blum’s release and this Agreement shall not operate to waive or bar any claim or right which may not by operation of law or regulation be waived or barred. Mr. Blum
expressly acknowledges that he has not filed any Claim regarding any matter described in this Agreement and, if he does file such a Claim, he will be in breach of the Agreement and CECO shall be entitled to revoke or recover from him all
consideration given under this Agreement as well as its attorneys’ fees and costs incurred in defending against such action. 
 Exclusively
as this Agreement pertains to Mr. Blum’s release of Claims, if any, under the Age Discrimination in Employment Act (“ADEA”), 29 U.S.C. § 621 et seq., Mr. Blum, pursuant to and in compliance with the Older Workers
Benefit Protection Act: (i) is advised to consult with an attorney prior to executing this Agreement; (ii) is afforded a period of twenty-one (21) calendar days to consider this Agreement; and (iii) may revoke this Agreement
(with regard to his ADEA waiver and release) during the seven (7) calendar days following his signature of the Agreement. Mr. Blum’s knowing and voluntary execution of this Agreement is an express acknowledgment and agreement that
Mr. Blum had the opportunity to review this Agreement with an attorney if he so desired; that Mr. Blum was afforded twenty-one (21) days to consider the Agreement before executing it (even if he voluntarily chose to sign the Agreement
prior to the expiration of the 21-day period); that Mr. Blum agrees this Agreement is written in a manner that enables him fully to understand its content and meaning; and that Mr. Blum is being given seven (7) days to revoke the
Agreement. 

  
 Page 2
of 3 

 This Agreement as it pertains to the release of Claims under the ADEA shall become effective and enforceable
seven (7) calendar days after Mr. Blum signs it, as long as it is not revoked prior to that time. All other provisions of the Agreement or parts thereof shall become effective and enforceable upon execution; provided, however, that if
Mr. Blum revokes the Agreement as provided in (iii) above, CECO may revoke the Agreement in its entirety during the seven (7) calendar day period following Mr. Blum’s revocation. Notice of any revocation must be in writing
and delivered to CECO’s Vice President of Human Resources, Hilliary Jeffries, at 3120 Forrer Street, Cincinnati, Ohio 21209, on or before the effective date of revocation. 
 MR. BLUM AGREES THAT HE IS FULLY ABLE AND COMPETENT TO ENTER INTO THIS AGREEMENT, HAS READ THE AGREEMENT CAREFULLY AND IN ITS ENTIRETY, HAS TAKEN REASONABLE TIME TO CONSIDER IT, HAS HAD THE OPPORTUNITY,
SHOULD HE SO DESIRE, TO HAVE COUNSEL OF CHOICE REVIEW IT, FULLY UNDERSTANDS ITS TERMS, AND THAT HIS AGREEMENT TO ALL OF ITS PROVISIONS IS MADE FREELY, VOLUNTARILY, AND WITH FULL KNOWLEDGE AND UNDERSTANDING OF ITS TERMS AND CONTENTS. 

 

									
	 Acknowledged and Agreed:
	 	 	 	 CECO Environmental Corp.

			
	 /s/ Richard J. Blum
	 		 	 /s/ Hilliary L. Jeffries

	 Richard J. Blum
	 		 	 Hilliary L. Jeffries

					
	Dated:	 	 1/5/11
	 		 	Dated:	 	 1-5-11

  
 Page 3
of 3Services Agreement

 Exhibit 10.1 
 SERVICES AGREEMENT 
 This SERVICES AGREEMENT (“Agreement”) by and
between DB Servicing Corporation, a Delaware corporation (“DB Servicing Corporation”), and Discover Bank, a Delaware banking corporation (“Discover Bank”), is dated as of January 1, 2011. 

WITNESSETH: 

WHEREAS, it is the mutual desire of the parties that DB Servicing Corporation perform various services for, or on behalf of, Discover
Bank, as set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties
hereto agree as follows: 
 1. Term. The term of this Agreement (“Term”) shall commence as of the date hereof
and shall continue in effect provided that either party can terminate this Agreement upon one hundred eighty (180) days prior written notice of termination to the other party. 

2. Services. DB Servicing Corporation shall perform such services for, or on behalf of, Discover Bank as more fully described in
Exhibit A attached hereto and incorporated herein and such additional services as agreed to from time to time by the parties, (individually and collectively, the “Services”). DB Servicing Corporation shall provide the Services utilizing at
least such levels of diligence, care, completeness and timeliness customarily followed by service entities providing processing services to large financial institutions. DB Servicing Corporation may satisfy its obligations to perform hereunder
either through its own employees, agents, or representatives, or through independent contractors used to provide the Services as if provided directly by DB Servicing Corporation. DB Servicing Corporation shall be responsible for the actions of its
agents, employees, representatives, or independent contractors providing the Services. 
 3. Fees and Payments. The fees
for the Services and the schedule and manner for payment are set forth in Exhibit B, which is attached hereto and incorporated herein. 
 4. Disaster Recovery Plan. 
 A. DB Servicing Corporation shall have in
place business continuity and disaster recovery plan(s) applicable to the performance of the Services rendered by DB Servicing Corporation (“Disaster Recovery Plan” or “Plan”). The Disaster Recovery Plan shall comply in all
respects with all applicable laws and shall be provided to Discover Bank upon request. 

 B. DB Servicing Corporation shall review and, if necessary, update the Plan on an annual
basis or upon request of the Discover Bank. DB Servicing Corporation shall notify Discover Bank of all material changes to the Plan. 
 C. DB Servicing Corporation shall periodically (but no less than bi-annually) test the Disaster Recovery Plan and provide Discover Bank with the results of each Disaster Recovery Plan test upon request.

 D. In the event of a disaster, in addition to performing disaster recovery in accordance with the Disaster Recovery Plan, DB
Servicing Corporation shall immediately notify Discover Bank of the nature and extent of the disaster and the location of the recovery center. 
 E. Except as may be provided in Section 6 below, the occurrence of a disaster shall not relieve DB Servicing Corporation of its obligation to perform the Services in accordance with the terms
hereof. 
 5. Audit. 
 A. DB Servicing Corporation acknowledges that Discover Bank may be subject to regulation and examination by regulatory agencies (“Regulatory Agencies”). DB Servicing Corporation shall provide
the Regulatory Agencies with access (i) to any facility or part of a facility at which either DB Servicing Corporation or any of its subcontractors is performing the Services, (ii) to DB Servicing Corporation personnel, and (iii) to
data and records relating to the Services, for the purpose of performing audits, examinations and inspections of either DB Servicing Corporation or any of its subcontractors during the Term and for the period DB Servicing Corporation is required to
maintain records under applicable law. DB Servicing Corporation shall cooperate fully with regard to examinations by the Regulatory Agencies. DB Servicing Corporation shall immediately give Discover Bank notice of any inquiry or communication,
whether formal or informal, by a Regulatory Agency regarding the Services. DB Servicing Corporation shall provide any and all assistance to Discover Bank to facilitate any audit of a third party subcontractor of DB Servicing Corporation by a
Regulatory Agency. 
 B. DB Servicing Corporation shall provide Discover Bank and its auditors (including internal audit staff
and external auditors), inspectors, and such other representatives as Discover Bank may from time to time designate, access at all reasonable times upon reasonable advance notice to DB Servicing Corporation to any facility or part of a facility at
which either DB Servicing Corporation or any of its subcontractors is performing the Services, to DB Servicing Corporation personnel, and to data, records, policies and procedures relating to the Services, for the purpose of performing audits,
examination and inspections of either DB Servicing Corporation or any of its subcontractors during the Term of the Agreement and for the period DB Servicing Corporation is required to maintain records under applicable law, to examine DB Servicing
Corporation’s performance of the Services and compliance with the terms 

  
 2 

 
of this Agreement, including (i) practices, policies and procedures; (ii) systems, equipment and software; (iii) general controls and security practices and procedures;
(iv) disaster recovery and back-up procedures; and (v) any other matters reasonably requested by Discover Bank. DB Servicing Corporation will provide Discover Bank with copies of any internal audit reports reasonably related to the
Services or systems or practices that support the Services upon request. 
 6. Force Majeure. Neither party shall be
liable for any loss, injury, damages, delay in performance or failure to perform any obligation under this Agreement to the extent such loss, injury, damages, delay or failure to perform is the result of causes beyond the control of that party and
is without its fault or negligence, including, but not limited to, acts of God, labor disputes, governmental regulations or orders, civil disturbance, war conditions, terrorist acts, riots, explosions, fires or the result of a failure by the other
party to satisfy its obligations under this Agreement, except to the extent such loss, injury, damages, delay or non-performance is the result of any failure of DB Servicing Corporation to comply with its obligations set forth in its Disaster
Recovery Plan. 
 Upon occurrence of any force majeure event, DB Servicing Corporation shall render the Services in accordance
with the emergency service levels and other conditions as detailed in the Disaster Recovery Plan. Each party to this Agreement shall also make a good faith effort to mitigate the effects of any occurrence beyond its control that results in any loss,
injury, damages, delay or failure to perform its obligations under this Agreement. 
 7. Representations and Warranties of DB
Servicing Corporation. DB Servicing Corporation represents and warrants to Discover Bank that it is a limited liability company, validly existing and in good standing under the laws of the State of Delaware, and this Agreement when duly executed
and delivered by DB Servicing Corporation will constitute a legal, valid and binding obligation of DB Servicing Corporation, enforceable against DB Servicing Corporation in accordance with its terms, except as enforcement may be limited by
bankruptcy, insolvency, liquidation or other similar laws affecting generally the enforcement of creditors’ rights. DB Servicing Corporation further represents and warrants to Discover Bank as follows: 

A. DB Servicing Corporation has full power and authority to do and perform all acts contemplated by this Agreement. 

B. None of the execution and delivery of this Agreement, the consummation of the transactions herein contemplated, the fulfillment of, or
compliance with, the terms and provisions hereof, nor the performance of its obligations under this Agreement will conflict with, or result in a breach of any of the terms, conditions or provisions of any law applicable to DB Servicing Corporation,
the charter or bylaws of DB Servicing Corporation or of any agreement to which any DB Servicing Corporation is a party or by which it may be bound. 

  
 3 

 C. Prior to the performance of any of its obligations pursuant to this Agreement, DB
Servicing Corporation will have obtained and/or made any consent, approval, waiver or other authorization of or by, or filing or registration with, any court, administrative or governmental agency that is required to be obtained in connection with
the execution, delivery or performance by DB Servicing Corporation, or the consummation by DB Servicing Corporation, of the transactions contemplated by this Agreement. 
 8. Representations and Warranties of Discover Bank. Discover Bank represents and warrants to DB Servicing Corporation as follows: 

A. Discover Bank is a corporation duly organized and validly existing under the laws of the State of Delaware, and this Agreement has
been duly authorized, executed and delivered by Discover Bank and constitutes a legal, valid and binding obligation of Discover Bank, except as enforcement may be limited by bankruptcy, insolvency, conservatorship, receivership, liquidation or other
similar laws affecting generally the enforcement of creditors’ rights. 
 B. None of the execution and delivery of this
Agreement, the consummation of the transactions herein contemplated, the fulfillment of, or compliance with, the terms and provisions hereof, nor the performance of its obligations hereunder will conflict with, or result in a breach of any of the
terms, conditions or provisions of law applicable to Discover Bank, or the charter or bylaws of Discover Bank or of any agreement to which Discover Bank is a party or by which it may be bound. 

C. Prior to the performance of any of its obligations pursuant to this Agreement, Discover Bank will have obtained and/or made any
consent, approval, waiver or other authorization of or by, or filing or registration with, any court, administrative or Regulatory Agency that is required to be obtained by Discover Bank in connection with the execution, delivery or performance by
Discover Bank, or the consummation by Discover Bank, of the transactions contemplated by this Agreement. 
 9. Liability and
Indemnification. 
 A. DB Servicing Corporation agrees to be liable for, and to indemnify and hold harmless Discover Bank
from and against, any and all liability, loss, claim, cost or expense (including court costs and attorneys’ fees) attributable to (i) a breach of any representation or warranty made by DB Servicing Corporation pursuant to this Agreement;
(ii) willful misconduct or gross negligence of DB Servicing Corporation; or (iii) any default by DB Servicing Corporation in any of its obligations or covenants under this Agreement. 

B. Discover Bank agrees to indemnify and hold harmless DB Servicing Corporation from and against any and all liability, loss, claim, cost
or expense 

  
 4 

 
(including court costs and attorneys’ fees) attributable to (i) a breach of any representation or warranty by Discover Bank pursuant to this Agreement; (ii) willful misconduct or
gross negligence of Discover Bank; or (iii) any default of Discover Bank in any of its obligations or covenants under this Agreement. 
 C. For purposes of Subsections 9(A) and (B), references to DB Servicing Corporation and Discover Bank shall be deemed to include their affiliates (other than each other) and any of their employees,
agents, representatives and/or independent contractors of each. 
 10. Notice. Any notice required to be given hereunder
by either party to the other shall be given in writing by personal delivery or certified mail, return receipt requested, and shall be effective when received. Every such notice shall be addressed as follows: 

If to DB Servicing Corporation, to: 
 DB Servicing Corporation 
 2500 Lake Cook Road 

Riverwoods, IL 60015 
 Attention: Roger Hochschild, President 
 and, if to Discover Bank, to: 

Discover Bank 

12 Reads Way 

New Castle, Delaware 19720 
 Attention: Christina Favilla, President 
 11. Confidentiality. 

A. It is understood that, in the performance by DB Servicing Corporation of the Services, DB Servicing Corporation may have access to
private or confidential information of Discover Bank and Discover Bank’s employees and customers, and that Discover Bank may have access to confidential information of DB Servicing Corporation. Each party shall keep, and have its employees,
agents and subcontractors keep, any and all private or confidential information of the other party strictly confidential and to use such information only for the purpose of providing the Services or as otherwise agreed to by the other party. Each
party acknowledges and agrees that in the event of a breach or threatened breach of the provisions of this Section, the other party will have no adequate remedy in money or damages and, accordingly, shall be entitled to an injunction against such
breach. However, no specification in this Agreement of a specific legal or equitable remedy shall be construed as a waiver or prohibition against any other legal or equitable remedies in the event of a breach of any provision of this Agreement.
Neither party shall provide any private or confidential information of the other party to unaffiliated third parties pursuant to an administrative or 

  
 5 

 
judicial subpoena, summons, search warrant or other governmental order without providing prior notice to such other party, unless otherwise provided by law or court order. 

B. DB Servicing Corporation and Discover Bank agree that Discover Bank’s confidential information includes all non-public personal
information and other non-public information regarding Discover Bank’s customers (collectively, “Customer Information”). DB Servicing Corporation agrees as follows with respect to Customer Information: (i) DB Servicing
Corporation shall exercise a standard of care in the protection of Customer Information which is consistent with all applicable laws, rules and regulations; (ii) DB Servicing Corporation shall use and maintain Customer Information only as
necessary for the purpose of providing the Services for which the Customer Information was disclosed and only in accordance with applicable law, rule or regulation of any jurisdiction relating to disclosure or use of Customer Information; and
(iii) DB Servicing Corporation will implement and maintain an appropriate written information security program, the terms of which shall meet or exceed all applicable legal and regulatory requirements. In the event that DB Servicing Corporation
learns or has reason to believe that Customer Information of Discover Bank has been disclosed or accessed by an unauthorized person: (i) it shall immediately give notice of such event to Discover Bank and cooperate with Discover Bank and the
relevant Regulatory Authorities in the event of litigation or a regulatory inquiry concerning the disclosure and (ii) it shall immediately take appropriate steps to ensure that any disclosure of, or unauthorized access to, Customer Information
does not continue and shall inform Discover Bank of steps taken to address the cause of the disclosure. 
 C. DB Servicing
Corporation’s and Discover Bank’s obligations and agreements under this Section 11 hereof shall not apply to any information supplied that: (i) was known to the receiving party prior to the disclosure by the other;
(ii) is or becomes generally available to the public other than by breach of this Agreement; or (iii) otherwise becomes lawfully available on a nonconfidential basis from a third party who is not under an obligation of confidence to the
other party. 
 D. Upon termination of this Agreement, or upon Discover Bank’s written request, DB Servicing Corporation
shall promptly return to Discover Bank the confidential information of Discover Bank, including Customer Information, which is and shall remain the property of Discover Bank. 
 DB Servicing Corporation shall cooperate with Discover Bank to transfer the Services performed by DB Servicing Corporation back to Discover Bank or to a new servicing organization as determined by
Discover Bank. Upon the return of any such Discover Bank data, and the transfer of Services, DB Servicing Corporation shall submit a bill to Discover Bank for the cost incurred by DB Servicing Corporation in returning such Discover Bank data and
coordinating the transfer. Discover Bank shall pay any such bill within thirty (30) days of the receipt of such bill. 

  
 6 

 12. General Conditions. 

A. The validity, construction and performance of this Agreement is governed by the laws of the State of Delaware, United States of
America. 
 B. All provisions contained in this Agreement extend to and are binding upon the parties and their respective
successors and assigns. This Agreement may not be assigned by either party without the prior written consent of the other party, which consent will not be unreasonably withheld. 

C. Each paragraph and provision of this Agreement is severable from the entire Agreement, and if one provision hereof is declared
invalid, the remaining provisions shall nevertheless remain in effect. 
 D. This document constitutes the entire Agreement
between DB Servicing Corporation and Discover Bank with respect to the Services, and no representation or statement not contained in this Agreement shall be binding upon DB Servicing Corporation or Discover Bank as a warranty or otherwise. This
Agreement may not be amended, changed, modified or altered except in writing, signed by both parties. 
 E. This Agreement may
be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall be deemed to constitute but one and the same instrument. 
 F. The relationship of DB Servicing Corporation to Discover Bank under this Agreement is that of independent contractor. Nothing herein contained shall be construed as constituting a partnership, joint
venture or agency between the parties hereto. 
 G. No term or provision hereof will be deemed waived, and no variation of terms
or provisions hereof shall be deemed consented to, unless such waiver or consent shall be in writing and signed by the party against whom such waiver or consent is sought to be enforced. Any delay, waiver or omission by DB Servicing Corporation or
Discover Bank to exercise any right or power arising from any breach or default of the other party in any of the terms, provisions or covenants of this Agreement shall not be construed to be a waiver by DB Servicing Corporation or Discover Bank of
any subsequent breach or default of the same or other terms, provisions or covenants on the part of the other party. 
 H.
Headings used in this Agreement are for reference purposes only and shall not be deemed a part of this Agreement. 
 I. Any
exhibit to this Agreement shall be construed as an integral part of this Agreement to the same extent as if the same had been set forth herein. Any agreement, schedule, or exhibit referred to herein shall mean such agreement, schedule,

  
 7 

 
or exhibit as amended, restated, supplemented or modified from time to time to the extent permitted by the applicable provisions thereof and this Agreement. 

J. Each defined term shall have the meaning set forth herein and shall be equally applicable to both the singular and plural forms. The
words “including,” “include” and “includes” shall each be deemed to be followed by the term “without limitation.” Reference to any statute, rule or regulation means such statute, rule or regulation as amended
and supplemented at the time and from time to time and includes any successor statute, rule or regulation. Unless otherwise stated, references to recitals, articles, sections, paragraphs, and schedules shall be references to recitals, articles,
sections, paragraphs and schedules of this Agreement. 
 K. The agreements contained in Sections 5, 9, 11 and 12 of this
Agreement shall survive the termination of this Agreement. 
 13. Effectiveness. This Agreement shall supersede and
replace in its entirety the Amended and Restated Servicing Agreement between DFS Services LLC and Discover Bank dated as of January 1, 2007. 

  
 8 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first above
written. 
  

			
	DB SERVICING CORPORATION
		
	By:	 	 /s/ Michael F. Rickert

		
	Title:	 	Vice President
	
	DISCOVER BANK
		
	By:	 	 /s/ Christina M. Favilla

		
	Title:	 	President

  
 9 

 EXHIBIT A 

SERVICES 
 In addition to
services as agreed from time to time by the parties, DB Servicing Corporation will perform the following services for, or on behalf of, Discover Bank: 
  

	 	•	 	 Business management services in support of Discover Bank business lines, including, without limitation, credit cards, deposits, personal loans and
student loans 

  

	 	•	 	 Customer Services 

  

	 	•	 	 Collections 

  

	 	•	 	 Credit Risk 

  

	 	•	 	 Other support services 

 EXHIBIT B 

FEES AND PAYMENTS 

Discover Bank will pay DB Servicing Corporation in arrears for costs incurred by DB Servicing Corporation in its role of providing the Services to, or on
behalf of, Discover Bank. Each month, DB Servicing Corporation will determine the amount of expenses it incurs associated with providing the Services to Discover Bank and will invoice Discover Bank those costs plus a mark up of up to 5% along with
any applicable sales taxes together with any other agreed upon adjustments. These amounts may be based on the most recent available estimates provided by DB Servicing Corporation. If estimates are used, DB Servicing Corporation will provide a
reconciliation of actual to estimated costs to Discover Bank at the end of the following month. In the event of a difference between the actual and estimated costs, the parties shall record and settle the amount of such difference in the following
settlement cycle. 
 Included in the billing of the general categories noted on Exhibit A, DB Servicing Corporation may bill Discover Bank for
various services and supplies that DB Servicing Corporation obtains from other providers in connection with servicing Discover Bank’s customers. The amounts charged will be equal to the amount paid by DB Servicing Corporation, plus a mark up of
up to 5% to reflect the benefit of DB Servicing Corporation’s management of the relationships with these other providers, along with any applicable sales taxes together with any other agreed upon adjustments.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00183-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00183-of-00352.parquet"}]]