Document:

EX-10.4

 EXHIBIT 10.4 

CAVIUM, INC. 

2016 EQUITY INCENTIVE PLAN 

NON-EMPLOYEE DIRECTOR RESTRICTED STOCK UNIT
AWARD GRANT NOTICE 
 Cavium, Inc. (the “Company”) hereby grants to Participant a
Restricted Stock Unit Award (the “Award”) under the Cavium, Inc. 2016 Equity Incentive Plan (the “Plan”) for the number of restricted stock units (the “RSUs”) set forth below.
This Award is subject to all of the terms and conditions set forth in this Non-Employee Director Restricted Stock Unit Award Grant Notice (the “Grant Notice”) and in the Non-Employee Director Restricted Stock Unit Award
Agreement (the “Agreement”) and the Plan, both of which are attached hereto and incorporated herein in their entirety. Capitalized terms not explicitly defined in this Grant Notice but defined in the Plan or the Agreement
will have the same definitions as in the Plan or the Agreement. 
  

					
	Participant:	  	  
	  	
	Date of Grant:	  	  
	  	
	Vesting Commencement Date:	  	  
	  	
	Number of RSUs Subject to Award:	  	  
	  	

  

			
	Vesting Schedule:	  	Subject to Section 2 of the Agreement, this Award will vest as follows:
                        .
		
	Issuance Schedule:	  	Subject to any change upon a Capitalization Adjustment, one share of Common Stock will be issued for each RSU that vests at the time set forth in Section 6 of the Agreement.

 Additional Terms/Acknowledgements: Participant acknowledges receipt of, and understands and agrees to, this Grant
Notice, the Agreement, the Plan and the prospectus for the Plan. Participant further acknowledges that as of the Date of Grant, this Grant Notice, the Agreement and the Plan set forth the entire understanding between Participant and the Company
regarding this Award and supersede all prior oral and written agreements, promises and/or representations regarding this Award, with the exception, if applicable, of (i) any written employment, offer letter or severance agreement, or any
written severance plan or policy specifying the terms that should govern this Award, (ii) the Company’s Non-Employee Director Compensation Policy and (iii) the Company’s Stock Ownership Guidelines. By accepting this Award,
Participant consents to receive this Grant Notice, the Agreement, the Plan, the prospectus for the Plan and any other Plan-related documents by electronic delivery and to participate in the Plan through an on-line or electronic system established
and maintained by the Company or another third party designated by the Company. Participant’s acceptance of this Award, and Participant’s acknowledgement and agreement with the terms set forth in this paragraph, will be evidenced by
Participant’s signature below or by electronic acceptance or authentication in a form authorized by the Company. 
  

									
	CAVIUM, INC.	 		 	PARTICIPANT
				
	By:	 	 	 		 	 
		 	Signature	 		 	Signature
					
	Title:	 	 	 		 	Date:	 	 
					
	Date:	 	 	 		 		 	

 ATTACHMENTS: Non-Employee Director Restricted Stock Unit Award Agreement, 2016 Equity Incentive Plan,
Prospectus 

 CAVIUM, INC. 

2016 EQUITY INCENTIVE PLAN 

NON-EMPLOYEE DIRECTOR RESTRICTED STOCK UNIT
AWARD AGREEMENT 
 Pursuant to the accompanying Non-Employee Director Restricted Stock Unit Award Grant
Notice (the “Grant Notice”) and this Non-Employee Director Restricted Stock Unit Award Agreement (the “Agreement”), Cavium, Inc. (the “Company”) has granted you a Restricted
Stock Unit Award (the “Award”) under the Cavium, Inc. 2016 Equity Incentive Plan (the “Plan”) for the number of restricted stock units (the “Restricted Stock Units”) set forth
in the Grant Notice. This Award is granted to you effective as of the date of grant set forth in the Grant Notice (the “Date of Grant”). Capitalized terms not explicitly defined in this Agreement but defined in the Plan or
the Grant Notice will have the same definitions as in the Plan or the Grant Notice. 
 1. GRANT OF
THE AWARD. This Award represents your right to be issued on a future date (as set forth in Section 6) one share of Common Stock for each Restricted Stock Unit subject to this Award that vests in accordance with
the Grant Notice and this Agreement. This Award was granted in consideration of your services to the Company or an Affiliate. 
 2.
VESTING. 
 (a) Subject to the terms of this Section 2, this Award will vest, if at all, in accordance with
the vesting schedule set forth in the Grant Notice. In the event that you are required to resign your position as a Non-Employee Director as a condition of a Change in Control or you are removed from your position as a Non-Employee Director in
connection with a Change in Control, vesting of this Award will accelerate in full immediately prior to the effectiveness of your resignation or removal, contingent upon the effectiveness of such Change in Control. 

(b) Except as otherwise described in Section 2(a), (i) vesting of this Award will cease upon the termination of your
Continuous Service and (ii) upon such termination of your Continuous Service, you will forfeit (at no cost to the Company) any Restricted Stock Units subject to this Award that have not vested as of the date of such termination and you will
have no further right, title or interest in such Restricted Stock Units. 
 3. NUMBER OF
RESTRICTED STOCK UNITS AND SHARES OF COMMON STOCK. 

(a) The number of Restricted Stock Units subject to this Award, as set forth in the Grant Notice, will be adjusted for Capitalization
Adjustments, if any, as provided in the Plan. 
 (b) Any additional Restricted Stock Units and any shares of Common Stock, cash or
other property that become subject to this Award pursuant to this Section 3 will be subject, in a manner determined by the Board, to the same forfeiture restrictions, restrictions on transferability, and time and manner of issuance as
applicable to the other Restricted Stock Units subject to this Award to which they relate. 

  
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 (c) No fractional shares or rights for fractional shares of Common Stock will be created
pursuant to this Section 3. Any fractional shares that may be created by the adjustments referred to in this Section 3 will be rounded down to the nearest whole share. 

4. SECURITIES LAW COMPLIANCE. You will not be issued any shares of Common Stock in respect
of this Award unless either (i) such shares are registered under the Securities Act or (ii) the Company has determined that such issuance would be exempt from the registration requirements of the Securities Act. This Award also must comply
with all other applicable laws and regulations governing this Award, and you will not receive any shares of Common Stock in respect of this Award if the Company determines that such receipt would not be in material compliance with such laws and
regulations. 
 5. TRANSFERABILITY. Except as otherwise provided in this Section 5, this Award is not
transferable, except by will or by the laws of descent and distribution and prior to the time that shares of Common Stock in respect of this Award have been issued to you, you may not transfer, pledge, sell or otherwise dispose of any portion of the
Restricted Stock Units or the shares of Common Stock in respect of this Award. For example, you may not use any shares of Common Stock that may be issued in respect of this Award as security for a loan, nor may you transfer, pledge, sell or
otherwise dispose of such shares. This restriction on transfer will lapse upon issuance to you of the shares of Common Stock in respect of this Award. 

(a) Domestic Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and provided that you
and the designated transferee enter into transfer and other agreements required by the Company, you may transfer your right to receive any distribution of Common Stock or other consideration under this Award, pursuant to the terms of a domestic
relations order, official marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss with the
Company’s General Counsel the proposed terms of any such transfer prior to finalizing such domestic relations order, marital settlement agreement or other divorce or separation instrument to help ensure the required information is contained
within the domestic relations order, marital settlement agreement or other divorce or separation instrument. 
 6. DATE
OF ISSUANCE. 
 (a) The issuance of any shares of Common Stock in respect of this Award is
(i) subject to satisfaction of the tax withholding obligations set forth in Section 10 and (ii) intended to comply with Treasury Regulations Section 1.409A-1(b)(4) and will be construed and administered in such a manner. The form
of such issuance (e.g., a stock certificate or electronic entry evidencing such shares) will be determined by the Company. 
 (b)
In the event one or more Restricted Stock Units subject to this Award vests, the Company will issue to you, on the applicable vesting date, one share of Common Stock for each Restricted Stock Unit that vests on such date (and for purposes of
this Agreement, such issuance date is referred to as the “Original Issuance Date”); provided, however, that if the Original Issuance Date falls on a date that is not a business day, such shares will instead be issued
to you on the next following business day. 

  
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 (c) Notwithstanding the foregoing, if: 

(i) this Award is otherwise subject to Withholding Taxes (as described in Section 10) on the Original Issuance Date, 

(ii) the Original Issuance Date does not occur (x) during an “open window period” applicable to you, as determined by
the Company in accordance with the Company’s then-effective policy on trading in Company securities, or (x) on a date when you are otherwise permitted to sell shares of Common Stock on an established stock exchange or stock market
(including, but not limited to, under a previously established 10b5-1 trading plan entered into in compliance with the Company’s policies), and 

(iii) the Company elects, prior to the Original Issuance Date, (x) not to satisfy such Withholding Taxes by withholding shares of
Common Stock from the shares of Common Stock otherwise due, on the Original Issuance Date, to you under this Award and (y) not to permit you to pay such Withholding Taxes in cash, 

then the shares that would otherwise be issued to you on the Original Issuance Date will not be issued to you on the Original Issuance Date and will
instead be issued to you on the first business day when you are not prohibited from selling shares of Common Stock on an established stock exchange or stock market, but in no event later than December 31 of the calendar year in which the
Original Issuance Date occurs (that is, the last day of your taxable year in which the Original Issuance Date occurs), or, if and only if permitted in a manner that complies with Treasury Regulations Section 1.409A-1(b)(4), no later than the
date that is the 15th day of the third calendar month of the year following the year in which the shares of Common Stock in respect of this Award are no longer subject to a “substantial risk of forfeiture” within the meaning of Treasury
Regulations Section 1.409A-1(d). 
 7. DIVIDENDS. You will receive no benefit or adjustment to this Award with
respect to any cash dividend, stock dividend or other distribution except as provided in the Plan with respect to a Capitalization Adjustment. 

8. RESTRICTIVE LEGENDS. The shares of Common Stock issued in respect of this Award will be endorsed with
appropriate legends, if any, as determined by the Company. 
 9. AWARD NOT A
SERVICE CONTRACT. Your Award is not an employment or service contract, and nothing in your Award shall be deemed to create in any way whatsoever any obligation on your part to continue in the service of the Company
or any Affiliate, or on the part of the Company or any Affiliate to continue such service. In addition, nothing in this Award will obligate the Company or an Affiliate, their respective stockholders, boards of directors, Officers or Employees to
continue any relationship that you might have as an Employee, Director or Consultant for the Company or an Affiliate. 
 10.
TAX WITHHOLDING OBLIGATIONS. 
 (a) On or before the time you receive a distribution
of any shares of Common Stock in respect of this Award, and at any other time as reasonably requested by the Company in accordance with applicable tax laws, you agree to make adequate provision for any sums

  
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required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any Affiliate that arise in connection with this Award (the “Withholding
Taxes”). Specifically, the Company or an Affiliate may, in its sole discretion, satisfy all or any portion of the Withholding Taxes relating to this Award by any of the following means or by a combination of such means:
(i) withholding from any compensation otherwise payable to you by the Company or an Affiliate; (ii) causing you to tender a cash payment; (iii) permitting you to enter into a “same day sale” commitment with a broker-dealer
that is a member of the Financial Industry Regulatory Authority (a “FINRA Dealer”) whereby you irrevocably elect to sell a portion of the shares of Common Stock to be issued in connection with this Award to satisfy the
Withholding Taxes and whereby the FINRA Dealer irrevocably commits to forward the proceeds necessary to satisfy the Withholding Taxes directly to the Company and/or its Affiliates; or (iv) withholding shares of Common Stock from the shares of
Common Stock issued or otherwise issuable to you in connection with this Award with a Fair Market Value (measured as of the date the shares of Common Stock are issued to you) equal to the amount of such Withholding Taxes; provided, however,
that the number of such shares of Common Stock so withheld will not exceed the amount necessary to satisfy the Company’s required tax withholding obligations using the minimum statutory withholding rates for federal, state, local and, if
applicable, foreign tax purposes, including payroll taxes, that are applicable to supplemental taxable income. 
 (b) Unless the
Withholding Taxes of the Company and/or any Affiliate are satisfied, the Company will have no obligation to issue to you any Common Stock. 

(c) In the event the Company’s obligation to withhold arises prior to the issuance to you of Common Stock or it is determined
after the issuance of Common Stock to you that the amount of the Company’s withholding obligation was greater than the amount withheld by the Company, you agree to indemnify and hold the Company harmless from any failure by the Company to
withhold the proper amount. 
 11. TAX CONSEQUENCES. The Company has no duty or obligation to minimize
the tax consequences to you of this Award and will not be liable to you for any adverse tax consequences to you arising in connection with this Award. You are hereby advised to consult with your own personal tax, financial and/or legal advisors
regarding the tax consequences of this Award and by accepting this Award, you have agreed that you have done so or knowingly and voluntarily declined to do so. 

12. NOTICES. Any notices provided for in this Agreement or the Plan will be given in writing (including electronically)
and will be deemed effectively given upon receipt or, in the case of notices delivered by mail by the Company to you, five days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the
Company. The Company may, in its sole discretion, decide to deliver any documents related to this Award or participation in the Plan by electronic means or to request your consent to participate in the Plan by electronic means. By accepting this
Award, you consent to receive such documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company. 

13. GOVERNING PLAN DOCUMENT. This Award is subject to all the provisions of the Plan, the
provisions of which are hereby made a part of this Award, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan. Except as otherwise expressly
provided in the Grant Notice or this Agreement, in the event of any conflict between the terms in the Grant Notice or this Agreement and the terms of the Plan, the terms of the Plan will control. 

  
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 14. OTHER DOCUMENTS. You hereby acknowledge receipt of and
the right to receive a document providing the information required by Rule 428(b)(1) promulgated under the Securities Act, which includes the Plan prospectus. In addition, you acknowledge receipt of the Company’s policy permitting certain
individuals to sell shares of Common Stock only during certain “window” periods in effect from time to time and the Company’s insider trading policy. 

15. EFFECT ON OTHER EMPLOYEE BENEFIT PLANS.
The value of this Award will not be included as compensation, earnings, salaries, or other similar terms used when calculating your benefits under any employee benefit plan sponsored by the Company or any Affiliate, except as such plan otherwise
expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Affiliate’s employee benefit plans. 

16. STOCKHOLDER RIGHTS. You will not have voting or any other rights as a stockholder of the Company with
respect to the shares of Common Stock to be issued pursuant to this Award until such shares are issued to you. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and
no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person. 

17. SEVERABILITY. If any part of this Agreement or the Plan is declared by any court or governmental authority to be
unlawful or invalid, such unlawfulness or invalidity will not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid. Any Section of this Agreement (or part of such a Section) so declared to be unlawful or
invalid will, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid. 

18. AMENDMENT. Any amendment to this Agreement must be in writing, signed by a duly authorized
representative of the Company. Notwithstanding anything in the Plan to the contrary, the Board reserves the right to amend this Agreement in any way it may deem necessary or advisable to carry out the purpose of the grant as a result of any change
in applicable laws or regulations or any future law, regulation, interpretation, ruling, or judicial decision. 
 19.
UNSECURED OBLIGATION. This Award is unfunded, and as a holder of vested Restricted Stock Units, you will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to
issue shares of Common Stock or other property pursuant to this Agreement. 
 20. COMPLIANCE WITH
SECTION 409A OF THE CODE. This Award is intended to comply with the “short-term deferral” rule set forth in Treasury Regulations Section 1.409A-1(b)(4). However, if
(i) this Award fails to satisfy the requirements of the short-term deferral rule and is otherwise not exempt from, and therefore deemed to be deferred compensation 

  
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subject to, Section 409A of the Code, (ii) you are deemed by the Company at the time of your “separation from service” (as such term is defined in Treasury Regulations
Section 1.409A-1(h) without regard to any alternative definition thereunder) to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, and (iii) any of the payments set forth herein are issuable upon
such separation from service, then to the extent delayed commencement of any portion of such payments is required to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code and the related adverse taxation under
Section 409A of the Code, such payments will not be provided to you prior to the earliest of (a) the date that is six months and one day after the date of such separation from service, (b) the date of your death, or (c) such
earlier date as permitted under Section 409A of the Code without the imposition of adverse taxation. Upon the first business day following the expiration of such applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred
pursuant to this Section 20 will be paid in a lump sum to you, and any remaining payments due will be paid as otherwise provided herein. Each installment of Restricted Stock Units that vests under this Award is a “separate payment”
for purposes of Treasury Regulations Section 1.409A-2(b)(2). 
 21. MISCELLANEOUS. 

(a) The rights and obligations of the Company under this Award will be transferable to any one or more persons or entities, and all
covenants and agreements hereunder will inure to the benefit of, and be enforceable by, the Company’s successors and assigns. 

(b) You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination of the
Company to carry out the purposes or intent of this Award. 
 (c) You acknowledge and agree that you have reviewed this Award in its
entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting this Award, and fully understand all provisions of this Award. 

(d) This Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies
or national securities exchanges as may be required. 
 (e) All obligations of the Company under the Plan and this Agreement will be
binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 

*        *        * 

This Non-Employee Director Restricted Stock Unit Award Agreement will be deemed to be accepted by you upon your acceptance of the Non-Employee
Director Restricted Stock Unit Award Grant Notice to which it is attached. 

  
 6EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
  

 
  

AMENDED AND RESTATED 

RECEIVABLES PURCHASE AGREEMENT 

Dated as of June 14, 2016 
  

 
 WORLD’S
FOREMOST BANK, 
 RPA Seller, 

and 
 WFB FUNDING, LLC,

 Purchaser 
  

 
  

CABELA’S MASTER CREDIT CARD TRUST 
  

 
  

 TABLE OF CONTENTS 
  

 
  
  

							
	 	 	 	  	Page	 
	
	ARTICLE I	  
	
	DEFINITIONS	  
			
	Section 1.01.	 	Definitions	  	 	1	  
	Section 1.02.	 	Other Definitional Provisions	  	 	7	  
	
	ARTICLE II	  
	
	SALE AND CONTRIBUTION OF RECEIVABLES	  
			
	Section 2.01.	 	Sales and Contributions	  	 	8	  
	Section 2.02.	 	Addition of Additional Accounts	  	 	10	  
	Section 2.03.	 	Removal of Accounts	  	 	11	  
	
	ARTICLE III	  
	
	CONSIDERATION AND PAYMENT	  
			
	Section 3.01.	 	Purchase Price	  	 	11	  
	Section 3.02.	 	Adjustments to Purchase Price	  	 	12	  
	Section 3.03.	 	Settlement and Ongoing Payment of Purchase Price	  	 	13	  
	
	ARTICLE IV	  
	
	REPRESENTATIONS AND WARRANTIES	  
			
	Section 4.01.	 	Representations and Warranties of RPA Seller Relating to RPA Seller	  	 	13	  
	Section 4.02.	 	Representations and Warranties of RPA Seller Relating to the RPA Seller Documents and the Receivables	  	 	15	  
	Section 4.03.	 	Representations and Warranties of Purchaser	  	 	17	  
	
	ARTICLE V	  
		
	RPA SELLER COVENANTS	  	 	19	  
	
	ARTICLE VI	  
	
	REPURCHASE OBLIGATION	  
			
	Section 6.01.	 	Reassignment of Ineligible Receivables	  	 	23	  
	Section 6.02.	 	Reassignment of Holders’ Interest in Trust Portfolio	  	 	24	  
	Section 6.03.	 	Conveyance of Reassigned Receivables	  	 	24	  
	Section 6.04.	 	Dispute Resolution	  	 	24	  

							
	ARTICLE VII	  
	
	CONDITIONS PRECEDENT	  
			
	Section 7.01.	 	Conditions to Purchase	  	 	29	  
	Section 7.02.	 	Conditions to Purchaser’s Obligations Regarding Additional Receivables	  	 	29	  
	Section 7.03.	 	Conditions Precedent to Obligations of RPA Seller	  	 	29	  
	
	ARTICLE VIII	  
	
	TERM AND PURCHASE TERMINATION	  
			
	Section 8.01.	 	Term	  	 	29	  
	Section 8.02.	 	Purchase Termination	  	 	30	  
	
	ARTICLE IX	  
	
	MISCELLANEOUS PROVISIONS	  
			
	Section 9.01.	 	Amendment	  	 	30	  
	Section 9.02.	 	GOVERNING LAW	  	 	30	  
	Section 9.03.	 	Notices	  	 	30	  
	Section 9.04.	 	Severability of Provisions	  	 	31	  
	Section 9.05.	 	Merger or Consolidation of, or Assumption of the Obligations of, RPA Seller	  	 	31	  
	Section 9.06.	 	Acknowledgement and Agreement of RPA Seller	  	 	32	  
	Section 9.07.	 	Further Assurances	  	 	32	  
	Section 9.08.	 	Nonpetition Covenant	  	 	33	  
	Section 9.09.	 	No Waiver; Cumulative Remedies	  	 	33	  
	Section 9.10.	 	Counterparts	  	 	33	  
	Section 9.11.	 	Binding Third-Party Beneficiaries	  	 	33	  
	Section 9.12.	 	Merger and Integration	  	 	33	  
	Section 9.13.	 	Schedules and Exhibits	  	 	33	  
			
	EXHIBIT A	 	FORM OF SUPPLEMENTAL CONVEYANCE	  			
	EXHIBIT B	 	FORM OF SUBORDINATED NOTE	  			
	EXHIBIT C	 	FORM OF OPINION OF COUNSEL	  			
	EXHIBIT D	 	FORM OF ANNUAL OPINION OF COUNSEL	  			
	SCHEDULE I	 	ACCOUNT SCHEDULE—DELIVERED AS COMPUTER FILE OR MICROFICHE	  			

 AMENDED AND RESTATED 

RECEIVABLES PURCHASE AGREEMENT 

THIS AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this “Agreement”), dated as of June 14, 2016 between
WORLD’S FOREMOST BANK, a Nebraska state banking corporation (the “Bank”), as seller (“RPA Seller”) and WFB FUNDING, LLC, a Nebraska limited liability company, as purchaser (“Purchaser”). 

R E C I T A L S: 
 WHEREAS,
Purchaser desires to purchase, from time to time, certain Receivables arising under certain specified Accounts of RPA Seller; 
 WHEREAS,
RPA Seller desires to sell and assign such Receivables to Purchaser, from time to time, upon the terms and conditions hereinafter set forth; 

WHEREAS, the Receivables purchased hereunder will be transferred by Purchaser to U.S. Bank, National Association, as trustee (the
“Trustee”) on behalf of the Certificateholders of the Cabela’s Master Credit Card Trust (the “Certificate Trust”), pursuant to the Third Amended and Restated Pooling and Servicing Agreement dated as of the date hereof (as
hereafter amended and supplemented, the “Pooling and Servicing Agreement”) among Purchaser, as transferor, RPA Seller, as servicer, and Trustee in connection with the issuance of certain Investor Certificates; 

WHEREAS, RPA Seller and Purchaser have heretofore entered into a Receivables Purchase Agreement, dated as of February 4, 2003 (the
“Existing Receivables Purchase Agreement”); and 
 WHEREAS, RPA Seller and Purchaser agree to and do hereby amend and restate the
Existing Receivables Purchase Agreement to read in its entirety as set forth herein. 
 NOW, THEREFORE, it is hereby agreed by and between
Purchaser and RPA Seller as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01. Definitions. Each capitalized term used herein or in any certificate, document, or Conveyance Paper made or
delivered pursuant hereto, and not defined herein or therein, shall have the meaning (if any) specified in the Pooling and Servicing Agreement. In addition, the following words and phrases shall have the following meanings: 

“AAA” has the meaning specified in subsection 6.04(b)(i). 

  
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 “Account Interchange Amount” has the meaning specified in
Article V(p). 
 “Account Schedule” has the meaning specified in subsection 2.01(d). 

“Closing Date” means any “Closing Date” (as defined in the Pooling and Servicing Agreement). 

“Credit Adjustment” has the meaning specified in Section 3.02. 

“Credit Enhancement Provider” means any “Credit Enhancement Provider” (as defined in the Pooling and
Servicing Agreement). 
 “Eligible Account” shall mean, as of the Cut Off Date (or, with respect to Additional
Accounts as of the relevant Addition Date), each Account owned by RPA Seller, other than Business Accounts: 
 (a)
which is in existence and maintained with RPA Seller; 
 (b) which is payable in Dollars; 

(c) the Obligor on which has provided, as its most recent billing address, an address which is located in the United States or
its territories or possessions; 
 (d) which RPA Seller has not classified on its electronic records as counterfeit,
cancelled, bankrupt, fraudulent, stolen or lost; 
 (e) which RPA Seller has not charged off in its customary and usual
manner for charging off such Accounts as of the Cut Off Date (or, with respect to Additional Accounts, as of the relevant Addition Date); 

(f) the Obligor on which has not been identified by RPA Seller as being deceased; 

(g) the Obligor on which is not a federal, state or local government or agency or instrumentality thereof; 

(h) which has not been sold or pledged to any other party; and 

(i) which does not contain a Receivable that has been sold or pledged to any other party. 

“Eligible Receivable” shall mean each Receivable: 

(a) which has arisen under an Eligible Account (on the Cut Off Date, in the case of Accounts designated to the Certificate
Trust on the Initial Closing Date and, on each Addition Date, in the case of Additional Accounts); 

  
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 (b) which was created in compliance, in all material respects, with all
Requirements of Law applicable to RPA Seller and pursuant to a Credit Card Agreement which complies, in all material respects, with all Requirements of Law applicable to RPA Seller; 

(c) with respect to which all consents, licenses, approvals or authorizations of, or registrations or declarations with, any
Governmental Authority required to be obtained, effected or given by RPA Seller in connection with the creation of such Receivable or the execution, delivery and performance by RPA Seller of the Credit Card Agreement pursuant to which such
Receivable was created, have been duly obtained, effected or given and are in full force and effect as of such date of creation; 

(d) as to which, at the time of and at all times after the creation of such Receivable, RPA Seller, Purchaser or the
Certificate Trust had good and marketable title thereto, free and clear of all Liens; 
 (e) which at all times will be the
legal, valid and binding payment obligation of the Obligor thereon, enforceable against such Obligor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other
similar laws, now or hereafter in effect, affecting the enforcement of creditors’ rights in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity); 

(f) which constitutes an “account” under and as defined in Article 9 of the UCC as then in effect in the
applicable jurisdiction; 
 (g) which is no more than 90 days past due as of the Cut Off Date or Addition Date, as
applicable; 
 (h) which does not have an account holder known by RPA Seller to be deceased; 

(i) that has been the subject of either a valid transfer and assignment from RPA Seller to the Purchaser of all RPA
Seller’s right, title and interest therein or the grant of a first priority perfected security interest therein (and in the proceeds thereof), effective until the termination of the Certificate Trust; 

(j) that, at the time of its transfer to the Purchaser, has not been waived or modified except as permitted hereunder; 

(k) as to which, at the time of its transfer to the Purchaser, RPA Seller has satisfied all obligations to be fulfilled at the
time that it is transferred to the Purchaser; 
 (l) that at the time of its transfer to the Purchaser, is not subject to any
setoff, right of rescission, counterclaim, or other defense of the Obligor (including the defense of usury), other than defenses arising out of applicable bankruptcy, insolvency, reorganization, moratorium, or other similar laws affecting the
enforcement of creditors’ rights in general; and 

  
 3 

 (m) as to which, at the time of its transfer to the Purchaser, RPA Seller has not
taken any action that would, or failed to take any action the omission of which would, at the time of its transfer to the Certificate Trust, impair the rights of the Purchaser or the Purchaser or its assignees. 

“Enhancement” means any “Credit Enhancement” (as defined in the Pooling and Servicing Agreement).

 “Existing Assets” means (i) the Transferor Interest (as defined in the Pooling and Servicing Agreement),
(ii) the Receivables existing at the opening of business on the Effective Date and arising from the Accounts, (iii) all Related Assets with respect to such Receivables, (iv) all right, title and interest of RPA Seller (in its capacity
as Transferor (as defined in the Existing PSA) but not as Servicer (as defined in the Pooling and Servicing Agreement)) under the Existing PSA and the other Transaction Documents (as defined in the Pooling and Servicing Agreement), including any
loan agreements and Supplements executed in connection with any Series of Investor Certificates and (v) all right, title and interest of RPA Seller, in its capacity as Transferor under (and as defined in) the Existing PSA to any funds on
deposit in any Series Account (as defined in the Existing PSA) maintained for the benefit of any Series or Class of Investor Certificates. 

“Holders” means the Certificateholders (as defined in the Pooling and Servicing Agreement). 

“Interest Payment Date” has the meaning specified in subsection 3.01(c)(ii). 

“Pay Out Event” means with respect to any Series of Investor Certificates, a Pay Out Event (as defined in the Pooling
and Servicing Agreement and the applicable Supplement) for such Series. 
 “Perfection Representations and
Warranties” shall mean the representations and warranties set forth below: 
 (a) General. This
Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the proceeds thereof in favor of the Purchaser and the Trustee as its assignee, which (i) in the case of existing Receivables
and the proceeds thereof, is enforceable upon execution of this Agreement against creditors of and purchasers from RPA Seller, or with respect to then existing Receivables in Additional Accounts, as of the applicable Addition Date, and which will be
enforceable with respect to Receivables hereafter and thereafter created and the proceeds thereof upon such creation, in each case as such enforceability may be limited by applicable Debtor Relief Laws, now or hereafter in effect, and by general
principles of equity (whether considered in a suit at law or in equity) and (ii) upon filing of the financing statements described in subparagraph (d) below and, in the case of Receivables hereafter created, upon the creation thereof, will
be prior to all other Liens. 

  
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 (b) Accounts. The Receivables constitute “accounts” within the
meaning of UCC Section 9-102. 
 (c) Creation. Immediately prior to the
conveyance of the Receivables pursuant to this Agreement, the RPA Seller or the Certificate Trust owns and has good and marketable title to the Receivables free and clear of any Lien, claim or encumbrance of any Person. 

(d) Perfection. RPA Seller has caused or will have caused, within ten days of the Effective Date, 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 granted by RPA Seller to Purchaser and the Trustee as its assignee under this Agreement in
the Receivables arising in the Accounts designated to the Certificate Trust as of the Effective Date, and (if any additional filing is so necessary) within 10 days of the applicable Addition Date, in the case of such Receivables arising in
Additional Accounts. 
 (e) Priority. Other than the security interest granted to the Certificate Trust pursuant to
the Existing PSA, the RPA Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. RPA Seller has not authorized the filing of and is not aware of any financing statements against RPA
Seller that include a description of collateral covering the Receivables other than any financing statement (i) relating to the security interest granted to Certificate Trust under the Existing PSA or (ii) that has been terminated. 

(f) Judgments, Tax Liens. RPA Seller is not aware of any judgments or tax lien filings against RPA Seller. 

“Purchase Price” has the meaning specified in subsection 3.01(a). 

“Purchaser Documents” means this Agreement and each other Transaction Document to which Purchaser is a party.

 “Purchaser Tangible Equity” means, at any date of determination, an amount equal to: 

(a) the Transferor Interest, plus 

(b) the aggregate amount on deposit in all cash collateral accounts or spread accounts established for the benefit of any
Series or Class of Investor Certificates; minus 
 (c) the outstanding balance of the Subordinated Note; plus 

(d) the “Purchaser Tangible Equity” or similar amounts for any transactions other than the Pooling and Servicing
Agreement to which the Purchaser is a party. 
 “Qualified Dispute Resolution Professional” means an attorney or
retired judge that is independent, impartial, knowledgeable about and experienced with the laws of the State of New York, specializing in commercial litigation with at least 15 years of experience and whose name is on a list of neutral parties
maintained by the AAA. 

  
 5 

 “Rating Agency” means with respect to any Series of Investor
Certificates, a “Rating Agency” (as defined in the Pooling and Servicing Agreement) for such Series. 

“Rating Agency Condition” means, with respect to any action, that each Rating Agency shall have notified the
Transferor, the Servicer and the Trustee in writing that such action will not result in a reduction or withdrawal of the rating of any outstanding Series or Class to which it is a Rating Agency. 

“Related Assets” means, with respect to any Receivable, all monies due or to become due with respect thereto
(including all Finance Charge Receivables), all amounts received or receivable with respect thereto, all proceeds of such Receivable, all Insurance Proceeds, all Interchange and all Recoveries relating to such Receivable, and all proceeds of the
foregoing. 
 “Removed Account” means each Account removed from the operation of this Agreement. 

“Representing Party” has the meaning specified in subsection 6.04(a). 

“Requesting Party” has the meaning specified in subsection 6.04(a). 

“Required Purchaser Tangible Equity” means, at any date of determination, the sum of: 

(a) the product of (i) the Transferor Interest, multiplied by (ii) the higher of (A) 3% and (B) the highest
required enhancement percentage then in effect for any outstanding Class of Investor Certificates that was rated “BBB” (or an equivalent rating) by any Rating Agency at the time of its issuance, which shall be calculated as the quotient
(expressed as a percentage) of (x) the amount of Credit Enhancement (including any cash collateral account, the subordination of other Classes of Investor Certificates or the subordination of other interests in the Receivables) that is
available or junior to such Class in covering Investor Charge Offs allocated to the related Series, divided by (y) the Investor Interest of such Class of Investor Certificates and each other Class of Investor Certificates of such Series that is
senior to such Class in covering Investor Charge Offs allocated to the related Series (in each case, without giving effect to any unreimbursed Investor Charge Offs allocated to such Class); 

(b) the aggregate amount on deposit in all cash collateral accounts or spread accounts established for the benefit of any
Series or Class of Investor Certificates; plus 
 (c) the “Required Purchaser Tangible Equity” or other similar
amounts for any transactions other than the Pooling and Servicing Agreement to which the Purchaser is a party. 
 “RPA Seller
Documents” means this Agreement and each other Transaction Document to which RPA Seller is a party. 

  
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 “Rules” has the meaning specified in subsection 6.04(b)(i).

 “Series” means any “Series” (as defined in the Pooling and Servicing Agreement). 

“Settlement Statement” has the meaning specified in Section 3.03. 

“Subordinated Note” means the subordinated note executed by Purchaser in favor of RPA Seller dated as of the date
hereof, substantially in the form of Exhibit B hereto. 
 “Subordinated Note Maturity Date” has the
meaning specified in subsection 3.01(c)(iii). 
 “Subordinate Note Rate” has the meaning specified in
subsection 3.01(c)(ii). 
 “Supplement” means any “Supplement” to (and as defined in) the
Pooling and Servicing Agreement. 
 “Supplemental Conveyance” has the meaning specified in
subsection 2.02(c). 
 “Transaction Documents” means the “Transaction Documents” (as defined
in the Pooling and Servicing Agreement). 
 Section 1.02. Other Definitional Provisions. All terms defined directly or by
reference in this Agreement shall have the defined meanings when used in any certificate or other document delivered pursuant hereto unless otherwise defined therein. For purposes of this Agreement and all such certificates and other documents,
unless the context otherwise requires: (i) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them under
generally accepted accounting principles; (ii) terms defined in Article 9 of the UCC as in effect in the State of Nebraska and not otherwise defined in this Agreement are used as defined in that Article; (iii) any reference to each
Rating Agency shall only apply to any specific rating agency if such rating agency is then rating the applicable outstanding Series at the request of the Transferor; (iv) references to any amount as “on deposit” or
“outstanding” on any particular date means such amount at the close of business on such day; (v) the words “hereof,” “herein” and “hereunder” and words of similar import refer to this Agreement (or the
certificate or other document in which they are used) as a whole and not to any particular provision of this Agreement (or such certificate or document); (vi) references to any Section, Schedule or Exhibit are references to Sections, Schedules
and Exhibits in or to this Agreement (or the certificate or other document in which the reference is made), and references to any paragraph, Section, clause or other subdivision within any Section or definition refer to such paragraph, subsection,
clause or other subdivision of such Section or definition; (vii) the term “including” means “including without limitation”; (viii) 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; (ix) references to any Person include that Person’s successors and assigns; and (x) headings are for purposes of reference only and shall not otherwise affect the meaning or
interpretation of any provision hereof. 

  
 7 

 ARTICLE II 

SALE AND CONTRIBUTION OF RECEIVABLES 

Section 2.01. Sales and Contributions. 

(a) In consideration of the membership interest in Purchaser held by RPA Seller, RPA Seller agrees to contribute, and does
hereby contribute to Purchaser, and Purchaser agrees to accept, and does hereby accept, from RPA Seller on the Effective Date, $31,377,519.00 of Existing Assets. The Existing Assets not so contributed to Purchaser on the Effective Date are hereby
sold, transferred, set over, assigned and otherwise conveyed by RPA Seller to Purchaser for a purchase price to be agreed to by RPA Seller and Purchaser, which purchase price shall be payable on the Effective Date and shall equal the fair market
value of the Existing Assets as determined by RPA Seller and Purchaser. The purchase price for the Existing Assets (other than Existing Assets contributed to Purchaser) shall be deemed to be a borrowing under the Subordinated Note. The contribution
and sale of the Existing Assets from RPA Seller to Purchaser are subject in each case to any rights in the Existing Assets transferred, assigned, set over or otherwise conveyed to the Trustee pursuant to the Pooling and Servicing Agreement. It is
understood and agreed that the obligations of RPA Seller specified herein with respect to the Receivables, including its repurchase obligations under Article VI of this Agreement, shall apply to all Receivables, whether originated before, on or
after the Effective Date and whether sold or contributed hereunder. RPA Seller and Purchaser hereby agree that each existing Receivable sold by RPA Seller to the Certificate Trust pursuant to the Pooling and Servicing Agreement before the Effective
Date shall be deemed to have been sold by RPA Seller to Purchaser on the date on which it was so sold to the Certificate Trust. 

(b) RPA Seller hereby transfers, assigns, sets over and otherwise conveys to Purchaser without recourse (except as expressly
provided herein), and Purchaser purchases and/or accepts as a capital contribution, as applicable, from RPA Seller, all of RPA Seller’s right, title and interest in and to the Receivables arising from time to time in the Accounts and Related
Assets with respect thereto (other than the Existing Assets); provided, however, that Principal Receivables originated after the occurrence of an Insolvency Event with respect to RPA Seller or Purchaser shall not be conveyed hereunder. 

(c) RPA Seller agrees (i) to record and file, at its own expense, financing statements (and continuation statements and
amendments when applicable) with respect to the Receivables now existing and hereafter created, meeting the requirements of applicable state law in such manner and in such jurisdictions as are necessary to perfect, and maintain perfection of, the
conveyance of the Receivables and the Related Assets to Purchaser and the first priority nature of Purchaser’s interest in the Receivables and the Related Assets and (ii) to deliver a file-stamped
copy of such financing statements and amendments or other evidence of such filings to Purchaser and Trustee (which evidence may, for purposes of this Section 2.01, consist of telephone confirmation of such filing to

  
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Purchaser and Trustee, followed by delivery of a file stamped copy to Trustee with a copy to Purchaser as soon as is practicable after filing) on or prior to the Effective Date, and in the case
of any continuation statements or amendments filed pursuant to this Section 2.01, as soon as practicable after receipt thereof by RPA Seller. 

(d) RPA Seller further agrees, at its own expense, (i) on or prior to (A) the Effective Date, in the case of any
Accounts designated to the Certificate Trust prior to such date (and not subsequently removed), (B) the applicable Addition Date, in the case of Additional Accounts and (C) the applicable Removal Date, in the case of Removed Accounts, to
indicate in its appropriate computer files that Receivables created in connection with the Accounts (other than Removed Accounts) have been sold to Purchaser pursuant to this Agreement and transferred by Purchaser to the Certificate Trust pursuant
to the Pooling and Servicing Agreement for the benefit of the Holders by identifying such Accounts in the Pool Index File with the designation “S” (or, in the case of Removed Accounts, deleting such code) and (ii) on or prior to the
Effective Date to deliver to Purchaser and Trustee a computer file or microfiche list specifying for each such Account designated to the Certificate Trust prior to such date (and not subsequently removed), as of the most recent calendar month end,
its account number, the aggregate amount outstanding in such Account and the aggregate amount of Principal Receivables outstanding in such Account (the “Account Schedule”). The Account Schedule shall be supplemented from time to time to
reflect Additional Accounts and Removed Accounts. Once the code referenced in clause (i) of this paragraph has been included with respect to any Account, RPA Seller further agrees not to alter such code during the term of this Agreement unless
and until (x) such Account becomes a Removed Account or (y) RPA Seller shall have delivered to Purchaser and Trustee at least thirty (30) days’ prior written notice of its intention to do so and has taken such action as is
necessary or advisable to cause the respective interests of Purchaser and Trustee in the Receivables and other Related Assets to continue to be perfected with the priority required by this Agreement and the Pooling and Servicing Agreement,
respectively. 
 (e) It is the intention of the parties hereto that the conveyances of the Existing Assets, the Receivables
and the other Related Assets by RPA Seller to Purchaser as provided in this Section 2.01 be, and be construed as, absolute sales or capital contributions, including for accounting purposes, without recourse except as explicitly provided herein,
of the Existing Assets, the Receivables and the other Related Assets by RPA Seller to Purchaser. Furthermore, it is not intended that such conveyance be deemed a pledge of the Existing Assets, the Receivables and the other Related Assets by RPA
Seller to Purchaser to secure a debt or other obligation of RPA Seller. If, however, notwithstanding the intention of the parties, the conveyance provided for in this Section 2.01 is determined to be a transfer for security, then this Agreement
shall be deemed to be a security agreement and RPA Seller hereby grants to Purchaser a security interest in all of RPA Seller’s right, title and interest in and to the Existing Assets, the Receivables and the other Related Assets. 

  
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 Section 2.02. Addition of Additional Accounts. 

(a) Required Additions. If Purchaser is required, pursuant to Section 2.06 of the Pooling and
Servicing Agreement, to designate additional Eligible Accounts as Additional Accounts, Purchaser shall so notify RPA Seller. RPA Seller shall designate such Eligible Accounts as Additional Accounts and shall convey Receivables in such Additional
Accounts to Purchaser, subject to the same qualifications and restrictions as are set forth in Section 2.06 of the Pooling and Servicing Agreement with respect to Purchaser; provided, however, that the failure of RPA Seller to transfer
Receivables to Purchaser as provided in this paragraph solely as a result of the unavailability of a sufficient amount of Eligible Receivables shall not constitute a breach of this Agreement. Such Accounts shall be limited to Accounts originated by
RPA Seller and created in connection with the Cabela’s card program unless the Purchaser shall have received written confirmation from each Rating Agency that such designation will not result in a downgrade or withdrawal of its then exiting
rating of any outstanding Series of Investor Certificates. 
 (b) Permitted
Additions. Subject to the restrictions and qualifications set forth in Section 2.06 of the Pooling and Servicing Agreement, Purchaser shall exercise its rights to designate additional Eligible Accounts as Additional Accounts when
requested to do so by RPA Seller. Such Accounts shall be limited to Accounts originated by RPA Seller and created in connection with the Cabela’s card program unless the Purchaser shall have received written confirmation from each Rating Agency
that such designation will not result in a downgrade or withdrawal of its then exiting rating of any outstanding Series of Investor Certificates. 

(c) Delivery of Documents. RPA Seller agrees to provide to Purchaser such information,
certificates, financing statements, opinions and other materials as are reasonably necessary to enable Purchaser to satisfy its obligations under Section 2.06 of the Pooling and Servicing Agreement with respect to Additional Accounts, including
(i) the computer file, microfiche list or written list required to be delivered with respect to such Additional Accounts and (ii) a duly executed, written assignment, substantially in the form of Exhibit A (the “Supplemental
Conveyance”). 
 (d) Representations and Warranties. In connection with the
designation of any Eligible Account as an Additional Account, RPA Seller shall represent and warrant that: 

(i) each Additional Account is, as of the Addition Date, an Eligible Account, and each Receivable in such Additional Account
is, as of the Addition Date, an Eligible Receivable; no selection procedures believed by RPA Seller to be materially adverse to the interests of Purchaser, any Credit Enhancement Provider or the Investor Certificateholders were utilized in selecting
the Additional Accounts from the available Eligible Accounts from the Bank Portfolio; and that as of the Addition Date, RPA Seller is not insolvent; and 

  
 10 

 (ii) as of the Addition Date, the Supplemental Conveyance constitutes a valid
sale to Purchaser of all right, title and interest of RPA Seller in and to the Receivables and the Related Assets then existing and thereafter created from time to time in the Additional Accounts, and such property will be held by Purchaser free and
clear of any Lien. 
 Section 2.03. Removal of Accounts. Purchaser may remove Accounts from the Certificate Trust in accordance
with Section 2.07 of the Pooling and Servicing Agreement. RPA Seller agrees to provide to Purchaser such information, certificates, financing statements, opinions and other materials as are reasonably necessary to enable Purchaser to satisfy
its obligations under Section 2.07 of the Pooling and Servicing Agreement with respect to the removal of Accounts. 
 ARTICLE
III 
 CONSIDERATION AND PAYMENT 

Section 3.01. Purchase Price. 

(a) The “Purchase Price” for the Receivables (including Receivables in Additional Accounts) to be conveyed to
Purchaser under this Agreement that come into existence on or after the Effective Date shall be payable on each Business Day on which such Receivables are conveyed by RPA Seller to Purchaser in an amount equal to 100% of the Principal Receivables so
conveyed, as such percentage may be adjusted from time to time to reflect such factors as RPA Seller and Purchaser mutually agree will result in a Purchase Price which is determined to be the fair market value of such Principal Receivables. If and
to the extent that Purchaser shall not have funds available to pay RPA Seller the Purchase Price for the Receivables transferred on any day, an amount equal to the portion of the Purchase Price for such Receivables for which Purchaser shall not have
funds shall be deemed to be a borrowing by Purchaser from RPA Seller under the Subordinated Note; provided, that RPA Seller may, in its discretion, contribute Receivables on any Business Day and direct that the Purchase Price of such Receivables
shall constitute a capital contribution from RPA Seller to Purchaser; provided, further, that no borrowing may be made under the Subordinated Note if, after giving effect to such borrowing Purchaser Tangible Equity would be less than
Required Purchaser Tangible Equity. 
 (b) RPA Seller is hereby authorized by Purchaser to endorse on the schedule attached
to the Subordinated Note (or a continuation of such schedule attached thereto and made a part thereof) an appropriate notation evidencing the date and amount of each borrowing thereunder, as well as the date and amount of each payment made with
respect thereto; provided that the failure of any Person to make such a notation shall not affect any obligations of Purchaser thereunder. 

(c) The terms and conditions of the Subordinated Note and all borrowings thereunder shall be as follows: 

  
 11 

 (i) All amounts paid by Purchaser with respect to the Subordinated Note shall be
allocated first to the repayment of accrued interest until all such interest is paid, and then to outstanding principal of the Subordinated Note. 

(ii) The outstanding principal amount of the Subordinated Note shall bear interest at a fixed rate per annum of 10% from the
Effective Date, calculated based on a 360-day year of twelve 30-day months, or such other rate as shall be agreed upon by RPA Seller and Purchaser from time to time (any
such rate, the “Subordinated Note Rate”). Interest on the Subordinated Note shall be payable on March 17, 2003 and the 15th day of each calendar month thereafter, or if the 15th day is not a Business Day, the next Business Day (each
such date, an “Interest Payment Date”). If on any Interest Payment Date, the amount of funds available to pay interest on the Subordinated Note is insufficient to pay any amount due under the Subordinated Note, then interest shall be
payable only to the extent funds are available. All interest on the Subordinated Note that is not paid when due pursuant to this paragraph shall be payable on the next Interest Payment Date on which funds are available, and all such unpaid interest
shall accrue interest at the Subordinated Note Rate until paid in full. 
 (iii) Purchaser may, at its option, prepay the
Subordinated Note at any time and from time to time, provided that in no event shall RPA Seller or any holder of the Subordinated Note have any right to demand any payment of principal under the Subordinated Note prior to the date that is one year
and one day after the latest occurring Series Termination Date for any Series of Investor Certificates (the “Subordinated Note Maturity Date”). 

(iv) The Subordinated Note shall specifically provide that it is subordinated to payment in full of the Certificates. 

Section 3.02. Adjustments to Purchase Price. During any Monthly Period, if (a) Servicer adjusts downward the amount of any
Receivable (i) because of a rebate, refund, charge-back or other downward adjustment (including Servicer errors) made without receiving Collections therefor or charging off such amount as uncollectible,
(ii) because such Receivable was created in respect of merchandise which was refused or returned by an accountholder or as to which the accountholder has asserted a counterclaim or defense, or (iii) which was credited pursuant to a debt
deferral or debt cancellation program and not recovered during the Monthly Period from Collections from Insurance Proceeds or reserves funded by fees generated through such programs; or (b) any Principal Receivable is discovered by Servicer as
having been created through a fraudulent or counterfeit charge, then the Purchase Price shall be reduced as provided below (a “Credit Adjustment”). The amount of such Credit Adjustment with respect to any Receivable adjusted downward as
described in clause (a) of the preceding sentence, shall be equal to the amount of such adjustment and, with respect to any Receivable described in clause (b) of the preceding sentence, shall equal either (i) the Purchase Price paid
for such Receivable by Purchaser to RPA Seller (including any portion thereof deemed to be a borrowing under the Subordinated Note or deemed to be a capital contribution from RPA Seller to Purchaser) or (ii) in the case of any Receivable that
was deemed to have been sold to Purchaser  

  
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by RPA Seller prior to the Effective Date, the principal balance of such Receivable. The amount of any Credit Adjustment may be offset against any amounts due from Purchaser to RPA Seller on such
day, provided that, subject to the following proviso, RPA Seller shall not be obligated to make any cash payment with respect to a Credit Adjustment until the Distribution Date following the Monthly Period in which such Credit Adjustment arose;
provided, further, that if, as a result of the occurrence of any event giving rise to a Credit Adjustment, Purchaser is required to deposit funds into the Principal Account, RPA Seller shall pay Purchaser the amount by which the Purchase Price would
be reduced in immediately available funds on or before the date Purchaser is required to make such deposit to the Principal Account. 

Section 3.03. Settlement and Ongoing Payment of Purchase Price. On each Distribution Date, RPA Seller shall deliver a settlement
statement (the “Settlement Statement”), showing the aggregate Purchase Price of Receivables conveyed to Purchaser during the prior Monthly Period (or, with respect to the first Distribution Date following the Effective Date, the period
from and including the Effective Date through the last day of the calendar month preceding such Distribution Date), and the amount which remains unpaid as Credit Adjustments made with respect to such period pursuant to Section 3.02 or any
adjustment to the Purchase Price of Receivables with respect to such period pursuant to Section 6.01, each of which shall reduce the aggregate Purchase Price payable by Purchaser for such period. Any balance due from Purchaser to RPA Seller
shall be paid in accordance with Section 3.01. Any balance due from RPA Seller to Purchaser shall be paid in immediately available funds. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

Section 4.01. Representations and Warranties of RPA Seller Relating to RPA Seller. 

(a) Representations and Warranties. RPA Seller hereby represents and warrants to Purchaser as of
the Effective Date, each Closing Date, and, with respect to Additional Accounts, the related Addition Date, that: 

(i) Organization and Good Standing. RPA Seller is a state banking corporation validly existing in good standing
under the laws of the State of Nebraska, and has full corporate power, authority and legal right to own its properties and conduct its business as presently owned and conducted, and to execute, deliver and perform its obligations under the RPA
Seller Documents. 
 (ii) Due Qualification. RPA Seller is duly qualified to do business and is in good
standing as a foreign corporation (or is exempt from such requirements), and has obtained all necessary licenses and approvals in each jurisdiction in which failure to so qualify or obtain licenses and approvals would render any Credit Card
Agreement relating to an Account owned by RPA Seller or any Receivables transferred to Purchaser hereunder unenforceable by RPA Seller or Purchaser or would have a material adverse effect on the interests of the Purchaser, the Holders or any Credit
Enhancement Provider.  

  
 13 

 (iii) Due Authorization. The execution, delivery and performance of
the RPA Seller Documents and any other document or instrument delivered pursuant hereto (such other documents or instruments, collectively, the “Conveyance Papers”), the consummation of the transactions provided for in the RPA Seller
Documents have been duly authorized by all necessary corporate action on the part of RPA Seller and the RPA Seller Documents will remain, from the time of their execution, official records of the RPA Seller. 

(iv) No Conflict. The execution and delivery of the RPA Seller Documents by RPA Seller, the performance of the
transactions contemplated by the RPA Seller Documents, and the fulfillment of the terms of the RPA Seller Documents applicable to RPA Seller will not conflict with, result in any breach of any of the material terms and provisions of, or constitute
(with or without notice or lapse of time or both) a material default under, any indenture, contract, agreement, mortgage, deed of trust, or other instrument to which RPA Seller is a party or by which it or any of its properties are bound.

 (v) No Violation. The execution, delivery and performance of the RPA Seller Documents and the
fulfillment of the terms hereof and thereof will not conflict with or violate any Requirements of Law applicable to RPA Seller. 

(vi) No Proceedings. There are no proceedings or investigations pending or, to the best knowledge of RPA Seller,
threatened against it, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality (A) asserting the invalidity of any RPA Seller Document, (B) seeking to prevent the consummation of any of
the transactions contemplated by the RPA Seller Documents, (C) seeking any determination or ruling that, in its reasonable judgment, would materially and adversely affect the performance by RPA Seller of its obligations under any RPA Seller
Document, (D) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of any RPA Seller Document or (E) seeking to affect adversely the income tax attributes of the Certificate Trust
under Federal or applicable state income or franchise tax systems. 
 (vii) Deposit Accounts. Deposits
in RPA Seller’s deposit accounts are insured by the FDIC to the limits provided by law. 
 (viii) All
Consents Required. All approvals, authorizations, consents, orders or other actions of any Person or Governmental Authority required in connection with the execution and delivery by RPA Seller of the RPA Seller Documents and the performance of
the transactions contemplated by the RPA Seller Documents by RPA Seller have been obtained, effected or given and are in full force and effect. 

  
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 (ix) Insolvency. RPA Seller is not insolvent, no Insolvency Event
with respect to RPA Seller has occurred, and the transfer of the Trust Assets, the Existing Assets, the Receivables and Related Assets by it to Purchaser contemplated hereby has not been made in contemplation of such insolvency or Insolvency
Event. 
 (x) Location. RPA Seller’s place of operations is Sidney, Nebraska and there is no
pending filing by RPA Seller to change its place of operations. 
 (b) Notice of Breach;
Reliance. The representations and warranties of RPA Seller set forth in this Section 4.01 shall survive the transfer and assignment by RPA Seller of the Receivables to Purchaser and the transfer and assignment by Purchaser of the
Receivables to the Certificate Trust. Upon discovery by RPA Seller or Purchaser of a breach of any of the representations and warranties set forth in this Section 4.01, the party discovering such breach shall give prompt written notice to the
other, to the Trustee and to each Credit Enhancement Provider, if any, entitled thereto pursuant to the relevant Supplement. RPA Seller agrees to cooperate with Purchaser, Servicer and Trustee in attempting to cure any such breach. RPA Seller hereby
acknowledges that Purchaser intends to rely on the representations hereunder in connection with representations made by Purchaser to secured parties, assignees or subsequent transferees, including transfers made by Purchaser to the Certificate Trust
pursuant to the Pooling and Servicing Agreement.  
 Section 4.02. Representations and Warranties of RPA Seller
Relating to the RPA Seller Documents and the Receivables. 
 (a) Representations and
Warranties. RPA Seller hereby represents and warrants to Purchaser as of the Effective Date, each Closing Date, and, with respect to Additional Accounts, as of the related Addition Date that: 

(i) Enforceability. Each RPA Seller Document and, in the case of Additional Accounts, the related Supplemental
Conveyance, when executed and delivered on behalf of RPA Seller, constitutes a legal, valid and binding obligation of RPA Seller, enforceable against RPA Seller in accordance with its terms, except as such enforceability may be limited by applicable
Debtor Relief Laws now or hereafter in effect and by general principles of equity (whether considered in a suit at law or in equity). 

(ii) Accurate Account Schedule. As of the Effective Date, as of each Addition Date with respect to Additional
Accounts, and as of each Removal Date with respect to Removed Accounts, the Account Schedule delivered pursuant to this Agreement, as supplemented to such date, is an accurate and complete listing in all material respects of all the Accounts as of
each such date (or, with respect to the Account Schedule delivered on the Effective Date, as of the most recent month end) and the information contained therein with respect to the identity of such Accounts and the Receivables existing thereunder is
true and correct in all material respects as of such specified date. 

  
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 (iii) No Liens. RPA Seller is the legal and beneficial owner of all
right, title and interest in each Receivable and RPA Seller has the full right, power and authority to transfer the Receivables pursuant to this Agreement, and each Receivable conveyed to Purchaser by RPA Seller has been conveyed to Purchaser free
and clear of any Lien and in compliance, in all material respects, with all Requirements of Law applicable to the RPA Seller. 

(iv) Consents. All approvals, licenses, authorizations, consents, orders or other actions of any Person or
registrations or declarations with any Governmental Authority required in connection with the conveyance of each Receivable then existing to Purchaser by RPA Seller have been duly obtained, effected or given and are in full force and effect.

 (v) Valid Transfer. This Agreement or, in the case of Additional Accounts, the related Supplemental
Conveyance, upon execution and delivery on behalf of RPA Seller, constitutes a valid sale, transfer and assignment to Purchaser of all right, title and interest of RPA Seller in and to the Existing Assets, the Receivables and the Related Assets and
such sale is perfected under the UCC. 
 (vi) Eligible Accounts. With respect to each Account which is
an Account as of the Effective Date, such Account is an Eligible Account, determined as of the Cut-Off Date with respect to the initial Accounts and as of the related Addition Date with respect to each Additional Account. 

(vii) Eligible Receivables. On the date each Account became an Account (or each Additional Account becomes an
Account,) each Receivable contained in such Account (or Additional Account) was (or is) an Eligible Receivable; and, with respect to all Accounts, as of the date of the creation of any new Receivable, such Receivable is an Eligible Receivable.

 (viii) No Adverse Selection. No selection procedures believed by RPA Seller to be materially adverse to
the interests of Purchaser, any Credit Enhancement Provider or the Investor Certificateholders were used in selecting the Accounts from the available Eligible Accounts. 

(ix) Subsequent Receivables. On each day on which any new Receivable is created, RPA Seller represents and
warrants to the Purchaser that the representations and warranties made in Section 4.02(a)(i), (iii), (iv), (v) and (vii) and 4.02(b) are true and correct with respect to each such Receivable as of such day of creation and as if made
on such day, and each such Receivable created on such day has been conveyed to Purchaser in compliance, in all material respects, with all Requirements of Law applicable to RPA Seller. 

  
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 (b) Perfection Representations and Warranties. RPA
Seller hereby makes the Perfection Representations and Warranties to the Purchaser. The rights and remedies with respect to any breach of the Perfection Representations and Warranties made under this Section 4.02(b) shall be continuing and
shall survive any termination of this Agreement. Purchaser shall not waive a breach of any Perfection Representation and Warranty. In order to evidence the interests of RPA Seller and Purchaser under this Agreement, RPA Seller and Servicer shall,
from time to time take such action, and execute and deliver such instruments (including, without limitation, such actions or filings as are requested by Purchaser and financing statements under the UCC as enacted and then in effect in any other
jurisdiction in which RPA Seller is organized, has its principal place of business or maintains any books, records, files or other information concerning the Receivables) in order to maintain and perfect, as a first priority interest, the
Purchaser’s security interest in the Receivables. RPA Seller hereby authorizes Servicer to file financing statements under the UCC without RPA Seller’s signature where allowed by applicable law. 

(c) Notice of Breach; Reliance. The representations and warranties of RPA Seller set forth in this
Section 4.02 shall survive the transfer and assignment by RPA Seller of the Receivables to Purchaser and the transfer and assignment by Purchaser of the Receivables to the Certificate Trust. Upon discovery by RPA Seller or Purchaser of a breach
of any of the representations and warranties by RPA Seller set forth in this Section 4.02, the party discovering such breach shall give prompt written notice to the other, to the Trustee and to each Credit Enhancement Provider, if any, entitled
thereto pursuant to the relevant Supplement. RPA Seller hereby acknowledges that Purchaser intends to rely on the representations hereunder in connection with representations made by Purchaser to secured parties, assignees or subsequent transferees,
including transfers made by Purchaser to the Certificate Trust pursuant to the Pooling and Servicing Agreement. RPA Seller agrees to cooperate with Purchaser, Servicer and Trustee in attempting to cure any such breach. 

Section 4.03. Representations and Warranties of Purchaser. 

(a) Representations and Warranties. As of the Effective Date and each Closing Date, Purchaser
hereby represents and warrants to, and agrees with, RPA Seller that: 
 (i) Organization and Good
Standing. Purchaser is a limited liability company validly existing in good standing under the laws of the State of Nebraska and has full power and authority to own its properties and conduct its business as presently owned and conducted and to
execute, deliver and perform its obligations under the Purchaser Documents. 
 (ii) Due Authorization.
The execution and delivery of the Purchaser Documents and the consummation of the transactions provided for in the Purchaser Documents have been duly authorized by Purchaser by all necessary limited liability company action on the part of
Purchaser. 

  
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 (iii) No Conflict. The execution and delivery of the Purchaser
Documents, the performance of the transactions contemplated by the Purchaser Documents, and the fulfillment of the terms hereof and thereof, will not conflict with, result in any breach of any of the material terms and provisions of, or constitute
(with or without notice or lapse of time or both) a material default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to which Purchaser is a party or by which it or any of its properties are bound. 

(iv) No Violation. The execution, delivery and performance of the Purchaser Documents by Purchaser and the
fulfillment by Purchaser of the terms contemplated herein and therein will not conflict with or violate any Requirements of Law applicable to Purchaser. 

(v) No Proceedings. There are no proceedings or investigations pending or, to the best knowledge of Purchaser,
threatened against Purchaser, before any court, regulatory body, administrative agency, or other tribunal or governmental instrumentality (A) asserting the invalidity of any Purchaser Document, (B) seeking to prevent the consummation of
any of the transactions contemplated by the Purchaser Documents, (C) seeking any determination or ruling that, in the reasonable judgment of Purchaser, would materially and adversely affect the performance by Purchaser of its obligations under
any Purchaser Document or (D) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of any Purchaser Document. 

(vi) All Consents Required. All approvals, authorizations, consents, orders or other actions of any Person or
Governmental Authority required in connection with the execution and delivery by Purchaser of the Purchaser Documents, the performance by Purchaser of the transactions contemplated by the Purchaser Documents and the fulfillment by Purchaser of the
terms hereof and thereof, have been obtained, effected or given and are in full force and effect. 
 (b)
Notice of Breach. The representations and warranties of Purchaser set forth in this Section 4.03 shall survive the transfer and assignment by RPA Seller of the Existing Assets to Purchaser. RPA Seller and Purchaser acknowledge and
agree that no breach of any representation or warranty of Purchaser made hereunder shall invalidate any conveyance of Existing Assets made by RPA Seller hereunder. Upon discovery by RPA Seller or Purchaser of a breach of any of the representations
and warranties by Purchaser set forth in this Section 4.03, the party discovering such breach shall give prompt written notice to the other, to the Trustee and to each Credit Enhancement Provider, if any, entitled thereto pursuant to the
relevant Supplement. Purchaser agrees to cooperate with RPA Seller, Servicer and Trustee in attempting to cure any such breach. For purposes of the representations and warranties set forth in this Section 4.03, each reference to a Supplement
shall be deemed to refer only to those Supplements in effect as of the relevant date. 

  
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 ARTICLE V 

RPA SELLER COVENANTS 
 RPA
Seller hereby covenants and agrees with Purchaser as follows: 
 (a) Receivables Not To Be Evidenced by
Promissory Notes. RPA Seller will take no action to cause any Receivable transferred by it pursuant hereto to be evidenced by any “instrument” (as defined in the UCC) or to be anything other than an “account” (as defined
in the UCC) and, if any such Receivable is so evidenced (whether or not in connection with the enforcement or collection of an Account), it shall be an Ineligible Receivable in accordance with Section 6.01. 

(b) Security Interests. Except for the conveyances hereunder or as otherwise provided herein, RPA
Seller will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist, any Lien on any Receivable, whether now existing or hereafter created, or any interest therein; RPA Seller will immediately
notify Purchaser of the existence of any Lien on any Receivable of which RPA Seller has knowledge; and RPA Seller shall defend the right, title and interest of Purchaser and its assigns in, to and under the Receivables, whether now existing or
hereafter created, against all claims of third parties. 
 (c) Delivery of Collections or
Recoveries. If RPA Seller receives Collections or Recoveries, RPA Seller agrees to pay to Purchaser (or the Servicer if Purchaser so directs) all such Collections and Recoveries as soon as practicable after receipt thereof but in no event
later than two Business Days after the Date of Processing by RPA Seller, provided that for so long as RPA Seller is acting as Servicer pursuant to the Pooling and Servicing Agreement, RPA Seller shall apply Collections and Recoveries received by it
in accordance with the Pooling and Servicing Agreement. 
 (d) Notice of Liens. RPA
Seller shall notify Purchaser promptly after becoming aware of any Lien on any Receivable other than the conveyances hereunder or under the Pooling and Servicing Agreement. 

(e) Documentation of Transfer. RPA Seller shall cause this Agreement, all amendments hereto and/or
all financing statements and continuation statements and any other necessary documents covering ownership interest in the Existing Assets, the Receivables and Related Assets to be promptly recorded, registered and filed, and at all times to be kept
recorded, registered and filed, all in such manner and in such places as may be required by law fully to preserve and protect the right, title and interest of Purchaser hereunder to the Existing Assets, the Receivables and the Related Assets. RPA
Seller shall deliver to the Trustee file–stamped copies of, or filing receipts for, any document recorded, registered or filed as provided above, as soon as available following such recording, registration or filing. RPA Seller shall cooperate
fully with the Servicer and the Trustee in connection with the obligations set forth above and will execute any and all documents reasonably required to fulfill the intent of this subsection (e). 

  
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 (f) Opinions. RPA Seller will deliver to the
Purchaser with a copy to the Trustee: (i) upon each date that any Additional Accounts are to be included in the Accounts pursuant to Section 2.02, an Opinion of Counsel substantially in the form of Exhibit C; and (ii) on or
before March 31 of each year, beginning with March 31, 2003, an Opinion of Counsel, substantially in the form of Exhibit D. 

(g) Conveyance of Accounts. RPA Seller covenants and agrees that it will not convey, assign,
exchange or otherwise transfer the Accounts to any Person so long as any Investor Certificates are outstanding under the Pooling and Servicing Agreement; provided, however, that RPA Seller shall not be prohibited from conveying, assigning,
exchanging or otherwise transferring the Accounts in connection with a transaction complying with the provisions of Section 9.05. 

(h) Sale. RPA Seller agrees to treat the conveyance of the Receivables to Purchaser hereunder as a
sale for all purposes (including all tax and financial accounting purposes). 
 (i)
Continuous Perfection. RPA Seller shall not change its name, identity, structure, place of operations or main office in any manner that might cause any financing or continuation statement filed pursuant to this Agreement to be
misleading unless RPA Seller shall have delivered to Purchaser, each Credit Enhancement Provider and the Trustee at least thirty (30) days’ prior written notice thereof and, no later than thirty (30) days after making such change,
shall have taken all action necessary or advisable to file new appropriate financing statements and/or amend such financing statement or continuation statement so that it is not misleading, in either case, as necessary to cause the interest of the
Purchaser in the Receivables, the other Existing Assets and the other Related Assets to continue to be perfected with the priority required by this Agreement. RPA Seller shall not change the jurisdiction under whose laws it is organized, its chief
executive office or change the location of its principal records concerning the Receivables or the Collections unless it has delivered to Purchaser, each Credit Enhancement Provider and the Trustee at least thirty (30) days’ prior written
notice of its intention to do so and notice as to whether, as a result of such change, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing
statement and has filed such amendments or financing statements and otherwise taken action as is necessary or advisable to cause the interest of Purchaser in the Receivables, the other Existing Assets and the other Related Assets to continue to be
perfected with the priority required by this Agreement. 
 (j) Credit Card Agreements and
Guidelines. RPA Seller shall comply with and perform its obligations under the Credit Card Agreements relating to the Accounts and the Credit Card Guidelines and all applicable rules and regulations of VISA USA, Inc. and MasterCard
International Incorporated except insofar as any failure to comply or perform would not materially or adversely affect the rights and interests of the Purchaser, the Trustee or the Certificateholders under the Investor Certificates or any other
Transaction Documents. Except as expressly provided in any Supplement, RPA Seller  

  
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may change the terms and provisions of the Credit Card Agreements or the Credit Card Guidelines in any respect (including, without limitation, the reduction of the required minimum monthly
payment, the calculation of the amount, or the timing, of charge offs and Periodic Finance Charges and other fees assessed thereon), but only if such change (i) would not, in the reasonable belief of RPA Seller, cause a Pay Out Event to occur,
and (ii) is made applicable to the comparable segment of the revolving credit card accounts owned and serviced by RPA Seller which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change,
except as otherwise restricted by an endorsement, sponsorship or other agreement between RPA Seller and an unrelated third party or by the terms of the Credit Card Agreements; provided, however, that for purposes of RPA Seller’s
debt deferral and debt cancellation programs, the requirements of clause (ii) shall be deemed to be satisfied if the opportunity to initiate the change is made available to a substantial portion of the comparable segment of the revolving credit
card accounts owned and serviced by RPA Seller which have characteristics the same as, or substantially similar to, the Accounts to which such opportunity is made available. In addition, except as otherwise required by any Requirement of Law, RPA
Seller shall not at any time reduce the Periodic Finance Charges assessed on any Receivable or other fees or charges on any Account if, as a result of such reduction, RPA Seller’s reasonable expectation is that the Quarterly Excess Spread
Percentage as of any future date would be less than 2.50% unless such reduction is made applicable to the comparable segment of the consumer revolving credit accounts owned and serviced by RPA Seller that have characteristics the same as, or
substantially similar to, the Accounts that are subject to such change. 
 (k) Insured Status Under the
FDIA. RPA Seller shall preserve its status as an insured bank under the FDIA by insuring its deposits with the FDIC in accordance with the provisions of the FDIA and FDIC regulations. 

(l) Separate Corporate Existence. RPA Seller hereby acknowledges that the Trustee, the Certificate
Trust, each Credit Enhancement Provider and the Holders are, and will be, entering into the transactions contemplated by the Transaction Documents in reliance upon Purchaser’s identity as a legal entity separate from RPA Seller, the Servicer
and any other Person. Therefore, RPA Seller shall take all reasonable steps to maintain its existence as a corporation separate and apart from Purchaser and to make it apparent to third parties that RPA Seller is an entity with assets and
liabilities distinct from those of Purchaser and that Purchaser is not a division of RPA Seller. 

(m) Account Allocations. In the event that RPA Seller is unable for any reason to transfer
Receivables to the Purchaser in accordance with the provisions of this Agreement (including, without limitation, by reason of the application of the provisions of Section 8.02 or an order by any federal governmental agency having regulatory
authority over RPA Seller or any court of competent jurisdiction that RPA Seller not transfer any additional Principal Receivables to the Purchaser) then, in any such event, RPA Seller agrees to allocate and pay to the Purchaser, after the date of
such inability, all Collections with respect to Principal Receivables previously sold to Purchaser. If RPA Seller is unable pursuant to any Requirement of Law to allocate Collections as described 

  
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above, RPA Seller agrees that it shall in any such event allocate, after the occurrence of such event, payments on each Account with respect to the principal balance of such Account first to the
oldest principal balance of such Account and to have such payments applied as Collections in accordance with the Transaction Documents. The parties hereto agree that Finance Charge Receivables, whenever created, accrued in respect of Principal
Receivables that have been conveyed to the Purchaser shall continue to be owned by Purchaser or its assignee notwithstanding any cessation of the transfer of additional Principal Receivables to the Purchaser and Collections with respect thereto
shall continue to be allocated and paid in accordance with the Transaction Documents. 
 (n) Official
Records. The resolutions of the Board of Directors of RPA Seller approving each of the Transaction Documents and all documents relating thereto are and shall be continuously reflected in the minutes of the Board of Directors of RPA Seller
and in the official records of RPA Seller. Each of the Transaction Documents and all documents relating thereto are and shall, continuously from the time of their respective execution by RPA Seller, be official records of RPA Seller.

 (o) RPA Seller Covenants. RPA Seller shall deliver to Purchaser: 

(i) within sixty (60) days after the end of each quarterly fiscal period in its fiscal year, copies of its unconsolidated
financial statements, certified as complete and correct, subject to normal changes resulting from year-end audit adjustments, by its chief financial officer; 

(ii) within ninety (90) days after the end of its fiscal year, copies of consolidated financial statements for such year,
certified by independent accountants of nationally recognized standing selected by it or, if no such unconsolidated certified financial statements are prepared, the consolidated financial statements of the parent of such party certified by
independent accountants of nationally recognized standing selected by it; 
 (iii) promptly upon a Responsible Officer’s
becoming aware thereof, written notice of material changes in the terms of the Accounts or servicing and collection policies of Servicer which may reasonably be expected to have a material adverse effect on the interests of Purchaser and its
assignees; and 
 (iv) promptly upon a Responsible Officer’s becoming aware thereof, written notice of material
litigation or regulatory action which is commenced against RPA Seller which may reasonably be expected to have a material adverse effect on the interests of Purchaser or its assignees. 

(p) Interchange. On or prior to each Determination Date, RPA Seller shall notify Servicer of the
amount of Interchange allocable to the Accounts with respect to the related Monthly Period (“Account Interchange Amount”), which amount shall be equal to the product of: 

  
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 (i) the total amount of Interchange paid or payable to RPA Seller with respect to
such related Monthly Period; and 
 (ii) a fraction the numerator of which is the volume during the related Monthly Period of
sales net of cash advances on the Accounts and the denominator of which is the amount of sales net of cash advances during the related Monthly Period on all VISA and MasterCard accounts owned by RPA Seller. 

On each Transfer Date, RPA Seller shall pay to Purchaser, in immediately available funds, an amount equal to the Account Interchange Amount for
the related Monthly Period. 
 (q) Other Transfers of Receivables. RPA Seller shall not
(i) enter into any other receivables purchase agreement relating to the sale of credit card receivables arising under accounts owned by RPA Seller with the Transferor, or (ii) permit any additional party to become a transferor under this
Agreement, in either event without giving prior written notice to and receiving prior written consent of each Rating Agency. 

ARTICLE VI 
 REPURCHASE
OBLIGATION 
 Section 6.01. Reassignment of Ineligible Receivables. If (a) any representation or warranty under
Section 2.02(d) or Section 4.02 is not true and correct in any material respect as of the date specified therein with respect to any Receivable or any related Account or (b) any representation or warranty made by RPA Seller pursuant
to Section 2.04 of the Existing PSA is not true and correct in any material respect as of the date specified therein with respect to any Receivable transferred to the Certificate Trust prior to the Effective Date or any related Account and, in
either case, as a result thereof Purchaser is required to accept a reassignment of Ineligible Receivables pursuant to Section 2.04(d) of the Pooling and Servicing Agreement, RPA Seller shall pay to Purchaser an amount in cash equal to either
(i) the Purchase Price paid for any such Ineligible Receivable by Purchaser to RPA Seller (including any portion thereof deemed to be a borrowing under the Subordinated Note or deemed to be a capital contribution from RPA Seller to Purchaser)
less any amounts previously collected by Purchaser with respect to such Receivable or (ii) in the case of any Receivable that was deemed to have been sold to Purchaser by RPA Seller prior to the Effective Date, the principal balance of such
Receivable. Such amount may be offset against any amounts due from Purchaser to RPA Seller with respect to the Purchase Price for Receivables sold to Purchaser on such day; provided that RPA Seller shall not be obligated to make any such cash
payment until the Transfer Date following a Monthly Period with respect to amounts owing for such Monthly Period in accordance with Section 3.03. The obligation of RPA Seller set forth in this Section shall constitute the sole remedy respecting
any breach of the representations and warranties set forth in the above-referenced Sections with respect to such Receivables or failure to meet the conditions set forth in the definition in the Pooling and
Servicing Agreement of Eligible Receivable with respect to such Receivable available to Purchaser. 

  
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 Section 6.02. Reassignment of Holders’ Interest in Trust Portfolio. If
(a) any representation or warranty set forth in Section 4.01(a) or Section 4.02 is not true and correct in any material respect or (b) any representation or warranty made by RPA Seller pursuant to Section 2.04(a) or
subsection 2.06(c)(iv) of the Existing PSA with respect to any Receivable transferred to the Certificate Trust prior to the Effective Date or any related Account is not true and correct in any material respect and, in either case, as a result
thereof Purchaser is required to accept a reassignment of the Receivables transferred to the Certificate Trust by Purchaser pursuant to Section 2.04(e) of the Pooling and Servicing Agreement, RPA Seller shall be obligated to accept a
reassignment of Purchaser’s interest in such Receivables on the terms set forth below. 
 RPA Seller shall pay to Purchaser by
depositing in the Collection Account in same-day funds, not later than 10:00 a.m., New York City time, on the Transfer Date following the Monthly Period in which such reassignment obligation arises,
in payment for such reassignment, an amount equal to the Portfolio Reassignment Price. The obligation of RPA Seller set forth in this Section shall constitute the sole remedy respecting any breach of the representations and warranties set forth in
the above-referenced Sections available to Purchaser. 
 Section 6.03. Conveyance of
Reassigned Receivables. Upon the request of RPA Seller, Purchaser shall execute and deliver to RPA Seller a reconveyance substantially in such form and upon such terms as shall be acceptable to RPA Seller, pursuant to which Purchaser evidences
the conveyance to RPA Seller of all of Purchaser’s right, title, and interest in any Receivables reconveyed to RPA Seller pursuant to Sections 6.01 and 6.02. Purchaser shall and shall cause Trustee to execute such other documents or
instruments of conveyance or take such other actions as RPA Seller may reasonably require to effect any repurchase of Receivables pursuant to this Article VI. 

Section 6.04. Dispute Resolution. 

(a) If any Receivable is subject to repurchase pursuant to Section 6.01 or Section 6.02 of this Agreement, which
repurchase is not resolved in accordance with the terms of this Agreement within 180 days after notice is delivered to the Purchaser as specified in Section 2.04(d) or Section 2.04(e) of the Pooling and Servicing Agreement, the party
providing such notice (the “Requesting Party”) will have the right to refer the matter, at its discretion, to either third-party mediation (including nonbinding arbitration) or binding arbitration
pursuant to this Section 6.04 and RPA Seller is hereby deemed to consent to the selected resolution method. At the end of the 180-day period described above, the Representing Party (as defined below) may
provide notice informing the Requesting Party of the status of its request or, in the absence of any such notice, the Requesting Party may presume that its request remains unresolved. The Requesting Party must provide written notice of its intention
to refer the matter to mediation or arbitration to RPA Seller (in such capacity, the “Representing Party”) within 30 calendar days following such 180th day. RPA Seller agrees to
participate in the resolution method selected by the Requesting Party. 

  
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 (b) If the Requesting Party selects mediation as the resolution method, the
following provisions will apply: 
 (i) The mediation will be administered by the American Arbitration Association (the
“AAA”) pursuant to its Commercial Arbitration Rules and Mediation Procedures in effect at the time the mediation is initiated (the “Rules”); provided, that if any of the Rules are inconsistent with the procedures for the
mediation or arbitration stated in this Agreement, the procedures in this Agreement will control. 
 (ii) The mediator must
be a Qualified Dispute Resolution Professional. Upon being supplied a list by the AAA of at least 10 potential mediators that are each Qualified Dispute Resolution Professionals, each of the Requesting Party and the Representing Party will have the
right to exercise two peremptory challenges within 14 days and to rank the remaining potential mediators in order of preference. The AAA will select the mediator from the remaining potential mediators on the list, respecting the preference choices
of the parties to the extent possible. 
 (iii) Each of the Requesting Party and the Representing Party will use commercially
reasonable efforts to begin the mediation within 10 Business Days of the selection of the mediator and to conclude the mediation within 30 days of the start of the mediation. 

(iv) The fees and expenses of the mediation will be allocated as mutually agreed by the Requesting Party and the Representing
Party as part of the mediation, or if no agreement is reached, at the sole discretion of the mediator. 
 (v) A failure by
the Requesting Party and the Representing Party to resolve a disputed matter through mediation shall not preclude either party from seeking a resolution of such matter through the initiation of a judicial proceeding in a court of competent
jurisdiction, subject to subsection 6.04(d) below. 
 (c) If the Requesting Party selects arbitration as the resolution
method, the following provisions will apply: 
 (i) The arbitration will be held in accordance with the United States
Arbitration Act, notwithstanding any choice of law provision in this Agreement, and under the auspices of the AAA and in accordance with the Rules. 

(ii) If the repurchase request specified in subsection 6.04(a) involves the repurchase of an aggregate amount of
Receivables of less than 5% of the total Principal Receivables in the Certificate Trust as of the date of such repurchase request, a single arbitrator will be used. That arbitrator must be a Qualified Dispute Resolution Professional. Upon being
supplied a list of at least 10 potential arbitrators that are each Qualified Dispute Resolutions Professionals by the AAA, each of the Requesting Party and the Representing Party will have the 

  
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right to exercise two peremptory challenges within 14 days and to rank the remaining potential arbitrators in order of preference. The AAA will select the arbitrator from the remaining potential
arbitrators on the list respecting the preference choices of the parties to the extent possible. 
 (iii) If the repurchase
request specified in subsection 6.04(a) involves the repurchase of an aggregate amount of Receivables equal to or in excess of 5% of the total Principal Receivables in the Certificate Trust as of the date of such repurchase request, a three-arbitrator panel will be used. The arbitral panel will consist of three Qualified Dispute Resolution Professionals, (A) one to be appointed by the Requesting Party within five Business Days of providing
notice to the Representing Party of its selection of arbitration, (B) one to be appointed by the Representing Party within five Business Days of the Requesting Party’s appointment of an arbitrator, and (C) the third, who will preside
over the arbitral panel, to be chosen by the two party-appointed arbitrators within five Business Days of the Representing Party’s appointment. If any party fails to appoint an arbitrator or the two party-appointed arbitrators fail to appoint the third within the relevant time periods, then the appointments will be made by the AAA pursuant to the Rules. 

(iv) Each Arbitrator selected for any arbitration will abide by the Code of Ethics for Arbitrators in Commercial Disputes in
effect at the time the arbitration is initiated. Prior to accepting an appointment, each arbitrator must promptly disclose any circumstances likely to create a reasonable inference of bias or conflict of interest or likely to preclude completion of
the hearings within the prescribed time schedule. Any arbitrator selected may be removed by the AAA for cause consisting of actual bias, conflict of interest or other serious potential for conflict. 

(v) The Requesting Party and the Representing Party each agree that it is their intention that after consulting with the
parties, the arbitrator or arbitral panel, as applicable, will devise procedures and deadlines for the arbitration, to the extent not already agreed to by the parties, with the goal of expediting the proceeding and completing the arbitration within
30 days after appointment of the arbitrator or arbitral panel, as applicable. The arbitrator or the arbitral panel, as applicable, will have the authority to schedule, hear and determine any and all motions, including dispositive and discovery
motions, in accordance with New York law then in effect (including prehearing and post hearing motions), and will do so on the motion of any party to the arbitration. Notwithstanding any other discovery that may be available under the Rules, unless
otherwise agreed by the parties, each party to the arbitration will be limited to the following discovery in the arbitration: 

(A) Consistent with the expedited nature of arbitration, the Requesting Party and the Representing Party will, upon the
written request of the other party, promptly provide the other with copies of documents 

  
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relevant to the issues raised by any claim or counterclaim on which the producing party may rely in support of or in opposition to the claim or defense. 

(B) At the request of a party, the arbitrator or arbitral panel, as applicable, shall have the discretion to order examination
by deposition of witnesses to the extent the arbitrator or arbitral panel deems such additional discovery relevant and appropriate. Depositions shall be limited to a maximum of three per party and shall be held within 30 calendar days of the making
of a request. Additional depositions may be scheduled only with the permission of the arbitrator or arbitral panel, and for good cause shown. Each deposition shall be limited to a maximum of three hours’ duration. All objections are reserved
for the arbitration hearing except for objections based on privilege and proprietary or confidential information. 
 (C) Any
dispute regarding discovery, or the relevance or scope thereof, shall be determined by the arbitrator or arbitral panel, which determination shall be conclusive. 

(D) All discovery shall be completed within 60 calendar days following the appointment of the arbitrator or the arbitral
panel, as applicable; provided, that the arbitrator or the arbitral panel, as applicable, will have the ability to grant the parties, or either of them, additional discovery to the extent that the arbitrator or the arbitral panel, as applicable,
determines good cause is shown that such additional discovery is reasonable and necessary. 
 (vi) The Requesting Party and
the Representing Party each agree that it is their intention that the arbitrator or the arbitral panel, as applicable, will resolve the dispute in accordance with the terms of this Agreement, and may not modify or change this Agreement in any way.
The arbitrator or the arbitral panel, as applicable, will not have the power to award punitive damages or consequential damages in any arbitration conducted. The Requesting Party and the Representing Party each agree that it is their intention that
in its final determination, the arbitrator or the arbitral panel, as applicable, will determine and award the costs of the arbitration (including the fees of the arbitrator or the arbitral panel, as applicable, cost of any record or transcript of
the arbitration, and administrative fees) and reasonable attorneys’ fees to the parties as determined by the arbitrator of the arbitral panel, as applicable, in its reasonable discretion. The determination of the arbitrator or the arbitral
panel, as applicable, must be consistent within the provisions of this Agreement, including Section 9.06 (with the understanding that any costs allocated to Funding under this subsection 6.04(c)(vi) will be limited as though such costs
were claims of RPA Seller for purposes of Section 9.06), and will be in writing and counterpart copies will be promptly delivered to the parties. The determination of the arbitrator or 

  
 27 

 
the arbitral panel, as applicable, may be reconsidered once by the arbitrator or the arbitral panel, as applicable, upon the motion and at the expense of either party. Following that single
reconsideration, the determination of the arbitrator or the arbitral panel, as applicable, will be final and non-appealable and may be entered in and may be enforced in, any court of competent jurisdiction.

 (vii) By selecting binding arbitration, the Requesting Party is giving up the right to sue in court, including the right
to a trial by jury. 
 (viii) No Person may bring a putative or certified class action to arbitration. 

(d) The following provisions will apply to both mediations and arbitrations: 

(i) Any mediation or arbitration will be held in New York, New York. 

(ii) Notwithstanding this dispute resolution provision, the parties will have the right to seek provisional or ancillary relief
from a competent court of law, including a temporary restraining order, preliminary injunction or attachment order, provided such relief would otherwise be available by law. 

(iii) The details and/or existence of any unfulfilled repurchase request specified in subsection 6.04(a) above, any
informal meetings, mediations or arbitration proceedings, including all offers, promises, conduct and statements, whether oral or written, made in the course of the parties’ attempt to informally resolve an unfulfilled repurchase request, and
any discovery taken in connection with any arbitration, will be confidential, privileged and inadmissible for any purpose, including impeachment, in any mediation, arbitration or litigation, or other proceeding; provided, however, that any discovery
taken in any arbitration will be admissible in that particular arbitration. Such information will be kept strictly confidential and will not be disclosed or discussed with any third party (excluding a party’s attorneys, experts, accountants and
other agents and representatives, as reasonably required in connection with the related resolution procedure), except as otherwise required by law, regulatory requirements or court order. If any party to a resolution procedure receives a subpoena or
other request for information from a third party (other than a governmental regulatory body) for such confidential information, the recipient will promptly notify the other party to the resolution procedure and will provide the other party with the
opportunity to object to the production of its confidential information. Notwithstanding anything in this Section 6.04 to the contrary, any discovery taken in connection with any arbitration pursuant to subsection 6.04(c) above will be
admissible in such arbitration. 

  
 28 

 ARTICLE VII 

CONDITIONS PRECEDENT 

Section 7.01. Conditions to Purchase. The obligations of Purchaser to make its initial purchase of Receivables hereunder shall be
subject to RPA Seller delivering to Purchaser on or before the Effective Date such documents, certificates and resolutions that Purchaser is required to deliver to the Trustee, any Credit Enhancement Provider or any Rating Agency in connection with
the amendment and restatement of the Pooling and Servicing Agreement on the date of this Agreement. 
 Section 7.02.
Conditions to Purchaser’s Obligations Regarding Additional Receivables. The obligations of Purchaser to purchase any Receivables created on or after the Effective Date shall be subject to the satisfaction of the following conditions:

 (a) All representations and warranties of RPA Seller contained in the Transaction Documents shall be true and correct
in all material respects with the same effect as though such representations and warranties had been made on the date of such purchase; 

(b) All information concerning any Account to which such Receivables relate provided to Purchaser shall be true and correct in
all material respects as of the date of such purchase; and 
 (c) RPA Seller shall have recorded and filed, at its expense,
any UCC-1 or other financing statement as required as of the date of such purchase pursuant to Section 2.01(c). 

Section 7.03. Conditions Precedent to Obligations of RPA Seller. The obligations of RPA Seller to sell on any date Receivables
shall be subject to the satisfaction of the following conditions: 
 (a) All representations and warranties of
Purchaser contained in this Agreement shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on the date of such sale; and 

(b) Payment or provision for payment of the Purchase Price in accordance with the provision of Sections 3.01, 3.02 and
3.03 hereof shall have been made. 
 ARTICLE VIII 

TERM AND PURCHASE TERMINATION 

Section 8.01. Term. This Agreement shall commence as of the date of execution and delivery hereof and shall continue until the
termination of the Certificate Trust as provided in Article XII of the Pooling and Servicing Agreement. 

  
 29 

 Section 8.02. Purchase Termination. If an Insolvency Event shall occur with respect
to RPA Seller or Purchaser, then RPA Seller shall immediately cease to transfer Principal Receivables to Purchaser and shall promptly give notice to Purchaser and Trustee of such Insolvency Event. Notwithstanding any cessation of the transfer to
Purchaser of additional Principal Receivables, Principal Receivables transferred to Purchaser prior to the occurrence of such Insolvency Event and Collections in respect of such Principal Receivables and Finance Charge Receivables whenever created,
accrued in respect of such Principal Receivables, shall continue to be property of Purchaser transferable by Purchaser to the Certificate Trust pursuant to the Pooling and Servicing Agreement. 

ARTICLE IX 

MISCELLANEOUS PROVISIONS 

Section 9.01. Amendment. This Agreement and any Conveyance Papers and the rights and obligations of the parties hereunder may not
be changed orally, but only by an instrument in writing signed by Purchaser and RPA Seller in accordance with this Section 9.01. This Agreement and any Conveyance Papers may be amended from time to time by Purchaser and RPA Seller (a) to
cure any ambiguity, (b) to correct or supplement any provisions herein which may be inconsistent with any other provisions herein or in any Conveyance Papers, (c) to add any other provisions with respect to matters or questions arising
under this Agreement or any Conveyance Papers that shall not be inconsistent with the provisions of this Agreement or any Conveyance Papers, (d) to change or modify the Purchase Price, (e) to change, modify, delete or add any other
obligation of RPA Seller or Purchaser and (f) to provide for the transfer by RPA Seller or Purchaser of its interest in and to all or part of the Accounts in accordance with the provisions of the Pooling and Servicing Agreement (if such
transfer is for less than all of the Accounts, the respective rights, duties and obligations of Purchaser, RPA Seller and Servicer will be determined at the time of such transfer); provided that no amendment pursuant to clause (d) or
(e) of this Section 9.01 shall be effective unless the Rating Agency Condition has been satisfied; and provided, further, that no amendment made pursuant to this Section 9.01 shall adversely affect in any material respect the
interests of any Holders or any Credit Enhancement Provider. Any reconveyance executed in accordance with the provisions hereof shall not be considered to be an amendment to this Agreement. A copy of any amendment to this Agreement shall be sent to
Trustee, each Credit Enhancement Provider and each Rating Agency. 
 Section 9.02. GOVERNING LAW. THIS AGREEMENT AND THE
CONVEYANCE PAPERS SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEBRASKA, 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 9.03. Notices. All demands, notices, instructions, directions and communications under this
Agreement shall be in writing and shall be deemed to have been duly given if personally delivered at, mailed by registered mail, return receipt requested, or sent by facsimile transmission to (a) in the case of Purchaser, to WFB Funding LLC,
One Cabela Drive, Sidney, Nebraska 69160, Attention: Kevin Werts, (b) in the case of RPA Seller, to World’s  

  
 30 

 
Foremost Bank, 4800 N.W. 1st Street, Lincoln, Nebraska 68521, Attention: Kevin Werts, (c) in the case of the Trustee, to the Corporate
Trust Office; and (d) in the case of the Rating Agency for a particular Series, the address, if any, specified in the Supplement relating to such Series. 

Section 9.04. Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement
or any Conveyance Paper shall for any reason whatsoever be held invalid, then such covenants, agreements, provisions, or terms shall be deemed severable from the remaining covenants, agreements, provisions, and terms of this Agreement or any
Conveyance Paper and shall in no way affect the validity or enforceability of the other provisions of this Agreement or of any Conveyance Paper. 

Section 9.05. Merger or Consolidation of, or Assumption of the Obligations of, RPA Seller. 

(a) RPA Seller shall not consolidate with or merge into any other corporation or convey or transfer its properties and assets
substantially as an entirety to any Person unless: 
 (i) the Person formed by such consolidation or into which RPA Seller is
merged or the Person which acquires by conveyance or transfer the properties and assets of RPA Seller substantially as an entirety shall be, if RPA Seller is not the surviving entity, an entity organized and existing under the laws of the
United States of America or any State or the District of Columbia, and, if RPA Seller is not the surviving entity, such entity shall expressly assume, by an agreement supplemental hereto, executed and delivered to Purchaser and Trustee, in form
reasonably satisfactory to Purchaser, the performance of every covenant and obligation of RPA Seller under the Transaction Documents; 

(ii) RPA Seller has delivered to Purchaser and Trustee (A) an Officer’s Certificate stating that such consolidation,
merger, conveyance or transfer and such supplemental agreement comply with this Section and that all conditions precedent herein provided for relating to such transaction have been complied with and (B) an Opinion of Counsel to the effect that
such supplemental agreement is a valid and binding obligation of such surviving entity enforceable against such surviving entity in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting creditors’ rights generally from time to time in effect and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in
equity); 
 (iii) RPA Seller shall have delivered to Purchaser and Trustee and each Rating Agency a Tax Opinion, as defined
in the Pooling and Serving Agreement, dated the date of such consolidation, merger, conveyance or transfer, with respect thereto; 

  
 31 

 (iv) if RPA Seller is not the surviving entity, the surviving entity shall file
new UCC-1 financing statements with respect to the interest of Purchaser in the Receivables; and 

(v) satisfaction of the Rating Agency Condition. 

(b) This Section 9.05 shall not be construed to prohibit or in any way limit RPA Seller’s ability to effectuate any
consolidation or merger pursuant to which RPA Seller would be surviving entity. 
 (c) RPA Seller shall notify each Rating
Agency promptly after any consolidation, merger, conveyance or transfer effected pursuant to this Section 9.05. 
 (d)
The obligations of RPA Seller hereunder shall not be assignable nor shall any Person succeed to the obligations of RPA Seller hereunder except in each case in accordance with the provisions of this Section 9.05. 

Section 9.06. Acknowledgement and Agreement of RPA Seller. 

(a) RPA Seller expressly acknowledges and agrees that all of Purchaser’s right, title, and interest in, to and under this
Agreement, including all of Purchaser’s right, title, and interest in and to the Receivables purchased pursuant to this Agreement, will be assigned by Purchaser to the Trustee for the benefit of the Holders and each Credit Enhancement Provider,
and RPA Seller consents to such assignment. Additionally, RPA Seller agrees for the benefit of the Trustee, each Credit Enhancement Provider and the Holders that any amounts payable by RPA Seller to Purchaser hereunder which are to be paid by
Purchaser to Trustee for the benefit of the Holders and each Credit Enhancement Provider shall be paid by RPA Seller, on behalf of Purchaser, directly to Trustee. Any payment required to be made on or before a specified date in same-day funds may be made on the prior business day in next-day funds. 

(b) To the extent that RPA Seller retains any interest in the Receivables now existing and arising from time to time in the
Accounts and the Related Assets, RPA Seller hereby grants to the Trustee for the benefit of the Investor Certificateholders and each Credit Enhancement Provider, a security interest in all of RPA Seller’s right, title and interest, whether now
owned or hereafter arising, in, to and under (i) the Receivables existing at the opening of business on the Effective Date and arising from the Accounts and all Related Assets with respect to such Receivables, (ii) the Receivables now
existing and arising from time to time in the Accounts and the Related Assets with respect thereto and (iii) all proceeds of such rights and such amounts, to secure the performance of all of the obligations of RPA Seller hereunder, under the
Pooling and Servicing Agreement and the other Transaction Documents. 
 Section 9.07. Further Assurances. Each of Purchaser and
RPA Seller agrees to do and perform, from time to time, any and all acts and to execute any and all further instruments required or reasonably requested by each other and by their respective permitted successors and assigns in order to more fully
effect the purposes of this Agreement and the Conveyance Papers,  

  
 32 

 
including the execution of any UCC financing statements or continuation statements or equivalent documents relating to the Receivables and the Related Assets for filing under the provisions of
the UCC or other law of any applicable jurisdiction. 
 Section 9.08. Nonpetition Covenant. Notwithstanding any prior
termination of this Agreement, RPA Seller shall not, at any time, institute against, solicit or join or cooperate with or encourage any institution against Purchaser or the Certificate Trust of, any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceedings or other similar proceedings under any United States federal or state bankruptcy or similar law. 

Section 9.09. No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of Purchaser or RPA
Seller, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of
any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exhaustive of any rights, remedies, powers and privileges provided by law. 

Section 9.10. Counterparts. This Agreement and all Conveyance Papers may be executed in two or more counterparts (and by different
parties on separate counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument. 

Section 9.11. Binding Third-Party Beneficiaries. This Agreement and the Conveyance Papers
will inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. The parties hereto intend that the Certificate Trust, each Credit Enhancement Provider and the Certificate Trustee shall be third-party beneficiaries of this Agreement. 
 Section 9.12. Merger and Integration.
Except as specifically stated otherwise herein, this Agreement and the other Transaction Documents set forth the entire understanding of the parties relating to the subject matter hereof, and all prior understandings, written or oral, are superseded
by this Agreement and the other Transaction Documents. 
 Section 9.13. Schedules and Exhibits. The schedules and
exhibits attached hereto and referred to herein shall constitute a part of this Agreement and are incorporated into this Agreement for all purposes. 

[Remainder of page intentionally left blank] 

  
 33 

 IN WITNESS WHEREOF, Purchaser and RPA Seller have caused this Agreement to be duly executed by
their respective officers as of the day and year first above written. 
  

			
	WFB FUNDING, LLC, as Purchaser
		
	By:	 	WFB Funding Corporation,
		 	its Managing Member
		
	By:	 	 /s/ Kevin J. Werts

	Name: Kevin J. Werts
	Title: Secretary and Treasurer
	
	WORLD’S FOREMOST BANK, as RPA Seller
		
	By:	 	 /s/ Kevin J. Werts

	Name: Kevin J. Werts
	Title: Executive Vice President and Chief Financial Officer

  

			
	Acknowledged and Accepted:
	
	U.S. BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee
		
	By:	 	 /s/ Tamara Schultz-Fugh

	Name:	 	Tamara Schultz-Fugh
	Title:	 	Vice President

 RECEIVABLES PURCHASE AGREEMENT SIGNATURE PAGE 

  
 34 

 EXHIBIT A 

FORM OF SUPPLEMENTAL CONVEYANCE 

(As required by Section 2.02 of the Amended 

and Restated Receivables Purchase Agreement) 

SUPPLEMENTAL CONVEYANCE
NO.                      dated as of     20    , by and between WORLD’S FOREMOST BANK (“RPA
Seller”) and WFB FUNDING, LLC, (“Purchaser”) pursuant to the Amended and Restated Receivables Purchase Agreement referred to below. 

WITNESSETH : 
 WHEREAS, RPA
Seller and Purchaser are parties to an Amended and Restated Receivables Purchase Agreement, dated as of June 14, 2016 (hereinafter as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the
“Receivables Purchase Agreement”); and 
 WHEREAS, pursuant to the Receivables Purchase Agreement, RPA Seller wishes to designate
Additional Accounts to be included as Accounts and RPA Seller wishes to convey the Receivables of such Additional Accounts, whether now existing or hereafter created, to Purchaser pursuant to the Receivables Purchase Agreement (as each such term is
defined in the Receivables Purchase Agreement); and 
 WHEREAS, Purchaser is willing to accept such designation and conveyance subject to
the terms and conditions hereof; 
 NOW, THEREFORE, RPA Seller and Purchaser hereby agree as follows: 

Section 1. Defined Terms. Each capitalized term used herein shall have the meaning specified in the Receivables Purchase Agreement
unless otherwise defined herein. 
 “Addition Date” shall mean, with respect to the Additional Accounts designated
hereby,                     200    . 

Section 2. Designation of Additional Accounts. RPA Seller delivers herewith an Account Schedule containing a true and complete
schedule identifying all such Additional Accounts and specifying for each such Account, as of the Addition Date, its account number, the aggregate amount outstanding in such Account and the aggregate amount of Principal Receivables in such Account.
Such Account Schedule shall be, as of the date of this Supplemental Conveyance, incorporated into and made part of this Supplemental Conveyance and is marked as Schedule I to this Supplemental Conveyance. 

  
 A-1 

 Section 3. Conveyance of Receivables. 

(a) RPA Seller sells, transfers, assigns, sets over and otherwise conveys to Purchaser (collectively, the
“Conveyance”), without recourse, all of its right, title and interest in, to and under the Receivables generated by such Additional Accounts and the Related Assets, now existing and hereafter arising, all Recoveries allocable to such
Additional Accounts and all monies due or to become due thereunder and all amounts received with respect thereto and all proceeds thereof. The foregoing sale, transfer, assignment, set-over and conveyance does
not constitute and is not intended to result in a creation or an assumption by Purchaser of any obligation of Servicer, RPA Seller or any other Person in connection with the Accounts, the Receivables or under any agreement or instrument relating
thereto. 
 (b) In connection with the Conveyance and in accordance with Section 2.01(c) of the Receivables Purchase
Agreement, RPA Seller agrees to record and file, at its own expense, one or more UCC financing statements (and continuation statements with respect to such financing statements when applicable) with respect to the Receivables and Related Assets, now
existing and hereafter created, for the sale of accounts meeting the requirements of applicable state law in such manner and in such jurisdictions as may be necessary or advisable to perfect or evidence the sale and assignment of the Receivables to
Purchaser, and to deliver a file-stamped copy of such financing statement or other evidence of such filing to Purchaser. 

(c) In connection with such sale, RPA Seller further agrees, at its own expense, on or prior to the date of this Supplemental
Conveyance, to indicate in its appropriate computer files that all Receivables created in connection with the Additional Accounts designated hereby have been conveyed to Purchaser pursuant to this Supplemental Conveyance. 

Section 4. Acceptance by Purchaser. Purchaser hereby acknowledges its acceptance of all right, title and interest to the property,
now existing and hereafter arising, conveyed to Purchaser pursuant to Section 3(a) of this Supplemental Conveyance, and declares that it shall maintain such right, title and interest. Purchaser further agrees that, on or prior to the execution
and delivery of this Supplemental Conveyance, RPA Seller shall deliver to Purchaser the supplement to the Account Schedule described in Section 2 of this Supplemental Conveyance. 

Section 5. Representations and Warranties of RPA Seller. RPA Seller hereby represents and warrants to Purchaser as of the date of
this Supplemental Conveyance and as of the Addition Date that: 
 (a) Legal, Valid and Binding
Obligation. This Supplemental Conveyance constitutes a legal, valid and binding obligation of RPA Seller enforceable against RPA Seller in accordance with its terms, except as such enforceability may be limited by applicable Debtor Relief
Laws now or hereinafter in effect and by general principles of equity (whether considered in a suit at law or in equity); 

  
 A-2 

 (b) Eligibility of Accounts. Each Additional Account designated
hereby is an Eligible Account and each Receivable in such Additional Account is an Eligible Receivable; 
 (c)
Selection Procedures. No selection procedures believed by RPA Seller to be materially adverse to the interests of Purchaser or its assignees were used in selecting the Additional Accounts from the available Eligible Accounts; 

(d) Insolvency. RPA Seller is not insolvent and, after giving effect to the conveyance set forth in
Section 3 of this Supplemental Conveyance, will not be insolvent; no Insolvency Event with respect to RPA Seller or Purchaser has occurred, and the transfer pursuant to Section 3(a) has not been made in contemplation thereof; 

(e) Sale of Receivables. This Supplemental Conveyance constitutes a valid sale to Purchaser of all right, title
and interest of RPA Seller in the Receivables and other Related Assets now existing or hereafter created from time to time in the Additional Accounts, and such property will be held by Purchaser free and clear of any Lien; 

(f) No Conflict. The execution and delivery of this Supplemental Conveyance, the performance of the transactions
contemplated by this Supplemental Conveyance and the fulfillment of the terms hereof, will not conflict with, result in any breach of any of the material terms and provisions of, or constitute (with or without notice or lapse of time or both) a
material default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to which RPA Seller is a party or by which it or its properties are bound; 

(g) No Violation. The execution and delivery of this Supplemental Conveyance by RPA Seller, the performance of
the transactions contemplated by this Supplemental Conveyance and the fulfillment of the terms hereof applicable to RPA Seller will not conflict with or violate any Requirements of Law applicable to RPA Seller; 

(h) No Proceedings. There are no proceedings or investigations, pending or, to the best knowledge of RPA Seller,
threatened against RPA Seller before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality (i) asserting the invalidity of the Receivables Purchase Agreement or this Supplemental Conveyance,
(ii) seeking to prevent the consummation of any of the transactions contemplated by the Receivables Purchase Agreement or this Supplemental Conveyance, (iii) seeking any determination or ruling that, in the reasonable judgment of RPA
Seller, would materially and adversely affect the performance of RPA Seller of its obligations under the Receivables Purchase Agreement or this Supplemental Conveyance or (iv) seeking any determination or ruling that would materially and
adversely affect the validity or enforceability of this Supplemental Conveyance; and 
 (i) All Consents. All
approvals, authorizations, consents, orders or other actions of any Person or any Governmental Authority required to be obtained by RPA Seller in connection with the execution and delivery of this Supplemental Conveyance by RPA Seller and the
performance of the transactions contemplated by this Supplemental Conveyance by RPA Seller, have been obtained. 
  

  
 A-3 

 Section 6. Ratification of the Receivables Purchase Agreement. The Receivables
Purchase Agreement is hereby ratified, and all references to the “Receivables Purchase Agreement,” to “this Agreement” and “herein” in the Transaction Documents shall from and after the Addition Date be references to
the Receivables Purchase Agreement as supplemented by this Supplemental Conveyance. Except as expressly amended hereby, all the representations, warranties, terms, covenants and conditions of the Receivables Purchase Agreement shall remain unamended
and shall continue to be, and shall, remain, in full force and effect in accordance with its terms. Except as expressly provided herein, this Supplemental Conveyance shall not constitute or be deemed to constitute a waiver of compliance with or
consent to non-compliance with any term or provision of the Receivables Purchase Agreement. 

Section 7. Counterparts. This Supplemental Conveyance may be executed in any number of counterparts, all of which taken together
shall constitute one and the same instrument. 

  
 A-4 

 IN WITNESS WHEREOF, the undersigned have caused this Supplemental Conveyance to be duly executed
and delivered by their respective duly authorized officers on the day and the year first above written. 
  

			
	WFB FUNDING, LLC,
	as Purchaser
		
	By:	 	 WFB Funding Corporation,
 its Managing
Member

		
	By	 	  

	Name	 	  

	Title	 	  

	
	WORLD’S FOREMOST BANK, as RPA Seller
		
	By	 	  

	Name	 	  

	Title	 	  

 SUPPLEMENTAL CONVEYANCE SIGNATURE PAGE 

  
 A-5 

 EXHIBIT B 

FORM OF SUBORDINATED NOTE 

FOR VALUE RECEIVED, the undersigned, WFB FUNDING, LLC, a Nebraska limited liability company (“Purchaser”), hereby unconditionally
promises to pay to the order of WORLD’S FOREMOST BANK (“Holder”) in lawful money of the United States of America in immediately available funds on the Subordinated Note Maturity Date, the aggregate unpaid amount (as shown in
Holder’s records or, at Holder’s option, on the schedule attached hereto and any continuation thereof) of all borrowings made by Purchaser from Holder to fund the acquisition of Existing Assets, Receivables and Related Assets in connection
with the transactions contemplated by the Amended and Restated Receivables Purchase Agreement, dated as of June 14, 2016 (as amended and supplemented from time to time, the “Receivables Purchase Agreement”), among Purchaser and
Holder. 
 Capitalized terms used and not otherwise defined herein have the meanings assigned to them in the Receivables Purchase Agreement.

 The undersigned agrees to pay interest from the date hereof on the unpaid principal amount hereof from time to time at the rate and at
the times specified in or pursuant to the Receivables Purchase Agreement. Interest shall be payable in arrears on each Interest Payment Date and upon final payment of the unpaid principal amount hereof. Purchaser may at its option prepay this note
(“Note”) in whole or in part at any time and from time to time; provided that in no event shall the holder hereof have any right to demand any payment of principal hereunder prior to the Subordinated Note Maturity Date. 

This Note is subordinate and junior in right and time of payment to all “Senior Debt” of Purchaser, which is any Indebtedness of
Purchaser and all renewals, extensions, refinancings and refundings thereof, except any such Indebtedness that expressly provides that it is not senior or superior in right of payment hereto. “Indebtedness” is any indebtedness, whether or
not contingent, in respect of borrowed money or evidenced by bonds, notes, certificates representing ownership interests, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereto) and guarantees of any
of the foregoing, whether or not any such indebtedness would appear as a liability on a balance sheet of Purchaser prepared on a consolidated basis in accordance with generally accepted accounting principles, and includes all obligations of
Purchaser under the Pooling and Servicing Agreement, all Supplements thereto, all Certificates issued thereunder and any other Transaction Document to which Purchaser is a party. 

All scheduled payments of principal and interest in respect of Senior Debt, including all payments and distributions to be made with respect
to the Certificates, must be paid in full before this Note shall be payable, and all scheduled payments of principal of and interest on this Note shall be payable only to the extent that Purchaser, after paying all of its accounts payable and other
expenses and obligations, has the funds to make such payments. Purchaser agrees, and the holder hereof by accepting this Note agrees, to the subordination provisions herein contained. 

  
 B-1 

 Upon prior written notice to Purchaser and with the prior written consent of each Credit
Enhancement Provider, the holder hereof may sell, pledge, assign or otherwise transfer this Note; provided, however, that, immediately prior to completion of such sale, pledge, assignment or transfer, the Rating Agency Condition is satisfied. 

This Note shall be governed by and construed in accordance with the laws of the State of Nebraska. 

The holder of this Note, by its acceptance hereof, hereby covenants and agrees that it will not at any time institute against Purchaser any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal or state bankruptcy or similar law. 

IN WITNESS WHEREOF, Purchaser has caused this Subordinated Note to be duly executed as of the day and year first above written. 

 

			
	WFB FUNDING, LLC
		
	By:	 	 WFB Funding Corporation,
 its Managing
Member

		
	By	 	  

	Name	 	  

	Title	 	  

  
 B-2 

 Schedule Attached to Subordinated Note dated
                    ,          of WFB FUNDING, LLC payable to the order of WORLD’S FOREMOST BANK.

  

							
	 Date and
 Amount of

Borrowing
	 	 Date and

Amount of

Repayment
	 	 Unpaid Principal

Balance
	  	Notation
Made by
		 		 		  	
		 		 		  	
		 		 		  	
		 		 		  	
		 		 		  	
		 		 		  	
		 		 		  	
		 		 		  	
		 		 		  	
		 		 		  	

  
 B-3 

 EXHIBIT C 

PROVISIONS TO BE INCLUDED IN OPINION OF COUNSEL 

WITH RESPECT TO ADDITION OF ACCOUNTS 

The opinions set forth below may be subject to certain qualifications, assumptions, limitations and exceptions taken or made in the Opinions
of Counsel delivered on any applicable Closing Date. 
 1. The Receivables arising in such Additional Accounts constitute
“accounts” as defined in the UCC. 
 2. The Receivables Purchase Agreement, as supplemented by the Supplemental Conveyance, creates
in favor of Purchaser (and the Trustee, as its assignee) a security interest in RPA Seller’s rights in the Receivables in such Additional Accounts and the proceeds thereof (the “Specified Assets”). 

3. The security interest in the Specified Assets created by the Receivables Purchase Agreement will be perfected by the filing of the Financing
Statements as described and defined in such opinion. Based solely upon our review of the UCC Searches as described and defined in such opinion, we hereby confirm to you that no Person other than the Purchaser (and the Trustee, as its assignee) has
filed any financing statement with the Filing Offices as described and defined in such opinion that covers the Specified Assets and that would have priority over the security interest of the Purchaser (and the Trustee, as its assignee) by virtue of
such filing. 

  
 C-1 

 EXHIBIT D 

PROVISIONS TO BE INCLUDED IN 

ANNUAL OPINION OF COUNSEL 

The opinions set forth below may be subject to certain qualifications, assumptions, limitations and exceptions taken or made in the Opinion of
Counsel to RPA Seller with respect to similar matters delivered on the Initial Closing Date (as defined in the Pooling and Servicing Agreement). Unless otherwise indicated, all capitalized terms used herein shall have the meanings assigned in
or pursuant to the Receivables Purchase Agreement to which this Exhibit D is attached. 
 1. No further filings or actions are required
under the UCC or other Nebraska law prior to             ,             , in order to maintain the perfection and priority of the
first priority security interests created by the Transaction Documents in favor of Purchaser (and the Trustee, as its assignee) in the Receivables and the proceeds thereof (the “Specified Assets”). 

2. Based solely upon our review of the UCC Searches as described and defined in such opinion, we hereby confirm to you that no Person other
than Purchaser (and the Trustee, as its assignee) has filed any financing statement with the Filing Offices as described and defined in such opinion that covers the Specified Assets and that would have priority over the security interest, of
Purchaser (and the Trustee, as its assignee) by virtue of such filing. 
 3. Confirmation or update, as applicable, of the FIRREA analysis
delivered on the Initial Closing Date. 

  
 D-1 

 SCHEDULE I 

ACCOUNT SCHEDULE—DELIVERED 

AS COMPUTER FILE OR MICROFICHE 

[Delivered to the Trustee] 

  
 S-1

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