Document:

EX-10.1

 Exhibit 10.1 

SECOND AMENDMENT 
 TO
AMENDED AND RESTATED TRANSFER AND SERVICING AGREEMENT 
 This SECOND AMENDMENT TO AMENDED AND RESTATED TRANSFER AND
SERVICING AGREEMENT, dated as of October 25, 2017 (this “Amendment”), is entered into by and among Nissan Wholesale Receivables Corporation II (“NWRC II”), as transferor (the “Transferor”),
Wilmington Trust Company, not in its individual capacity but solely as owner trustee (the “Owner Trustee”) of Nissan Master Owner Trust Receivables, a Delaware statutory trust (the “Issuer”), and Nissan Motor
Acceptance Corporation (“NMAC”), as servicer (the “Servicer”). 
 RECITALS: 

WHEREAS, the parties hereto have entered into the Amended and Restated Transfer and Servicing Agreement, dated as of
October 15, 2003 (as amended by (i) the Agreement of Modification to Transaction Documents, dated as of February 12, 2010, among the Transferor, the Issuer, the Servicer and the Owner Trustee, (ii) the Second Agreement of
Modification to Transaction Documents, dated as of May 23, 2012, among NWRC II, as transferor and as buyer, the Issuer, NMAC, as servicer and as seller, the Owner Trustee and U.S. Bank National Association, as indenture trustee (the
“Indenture Trustee”), (iii) the First Amendment to Amended and Restated Transfer and Servicing Agreement, dated as of April 24, 2017, among NWRC II, as transferor and as buyer, the Owner Trustee and NMAC, as servicer and
as seller, and as further amended, supplemented, amended or restated or otherwise modified from time to time, the “Transfer and Servicing Agreement”); 

WHEREAS, the parties hereto wish to modify the Transfer and Servicing Agreement pursuant to Section 8.01(a)
thereof as of the Effective Date (as defined below) in accordance with the terms and conditions set forth below; and 

NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration,
receipt of which is acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

RECITALS AND DEFINITIONS 

Section 1.1 Recitals. The foregoing Recitals are hereby incorporated in and made a part of this Amendment. 

Section 1.2 Definitions. Capitalized terms used and not defined herein have the respective meanings assigned such terms in
the Annex of Definitions attached to the Transfer and Servicing Agreement (the “Annex of Definitions”). 

 ARTICLE II 

AMENDMENTS 

Section 2.1 Amendments to Transfer and Servicing Agreement. As of the Effective Date the definition of “Seller’s
Interest” in the Annex of Definitions is hereby amended and restated in full to read as follows: 
 “Seller’s
Interest” means, as of any date of determination, the excess of (a) the Net Pool Balance as of such date of determination over (b) the Outstanding Principal Amount as of such date of determination. 

ARTICLE III 
 EFFECTIVE
DATE 
 Section 3.1 Effective Date. Upon receipt by NMAC of counterparts of this Amendment executed by the Servicer,
the Transferor, the Owner Trustee and the Issuer, this Amendment shall become effective immediately after all of the following occur (such date, the “Effective Date”), without further action by any party other than the following:

 (a) receipt by the Indenture Trustee and the Owner Trustee of an Officer’s Certificate in accordance with Section 8.01(a)(i) of
the Transfer and Servicing Agreement; 
 (b) satisfaction of the Rating Agency Condition with respect to this Amendment in accordance with
Section 8.01(a)(ii) of the Transfer and Servicing Agreement; 
 (c) receipt by the Indenture Trustee and the Owner Trustee of a Required
Federal Income Tax Opinion in accordance with Section 8.01(a)(iii) of the Transfer and Servicing Agreement; 
 (d) receipt by the
Indenture Trustee and the Owner Trustee of an Opinion of Counsel in accordance with Section 8.02(d) of the Transfer and Servicing Agreement; and 

(e) receipt by the Indenture Trustee and the Owner Trustee of an Opinion of Counsel and an Officer’s Certificate in accordance with
Section 8.13 of the Transfer and Servicing Agreement. 
 ARTICLE IV 

MISCELLANEOUS 

Section 4.1 Transfer and Servicing Agreement Unaffected. Except as modified herein, the parties acknowledge that the
provisions of the Transfer and Servicing Agreement remain in full force and effect and are hereby ratified and confirmed by the parties hereto. After the Effective Date all references in the Transaction Documents to the Transfer and Servicing
Agreement shall mean the Transfer and Servicing Agreement as modified hereby. 
 Section 4.2 Governing Law. This
Amendment shall be governed by the governing law described in Section 8.05 of the Transfer and Servicing Agreement. 

  
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 Section 4.3 Captions. The various captions in this Amendment are
included for convenience only and shall not affect the meaning or interpretation of any provision of this Amendment or any provision hereof. 

Section 4.4 Severability. Whenever possible, each provision of this Amendment shall be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under the laws of any applicable jurisdiction, such provision, as to jurisdiction, shall be ineffective to the extent of such
prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Amendment as to such jurisdiction or any other jurisdiction. 

Section 4.5 Binding Effect. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns. 
 Section 4.6 Counterparts. This Amendment may be executed in any number of
counterparts and by the parties hereto on separate signature pages, each such executed counterpart constituting an original but all together only one Amendment. 

[remainder of page intentionally left blank] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered as
of the date first above written. 
  

			
	NISSAN MOTOR ACCEPTANCE CORPORATION,
	as Servicer
		
	By:	 	 /s/ Riley A. McAndrews            

	Name:	 	Riley A. McAndrews
	Title:	 	Assistant Treasurer
	
	 NISSAN WHOLESALE RECEIVABLES CORPORATION II,

as Transferor

		
	By:	 	 /s/ Riley A. McAndrews            

	Name:	 	Riley A. McAndrews
	Title:	 	Assistant Treasurer
	
	 WILMINGTON TRUST COMPANY,

not in its individual capacity but solely as Owner Trustee

		
	By:	 	 /s/ Beverly D. Capers            

	Name:	 	Beverly D. Capers
	Title:	 	Assistant Vice President

  

					
		  	S-1	  	 NMOTR Second Amendment to 

Transfer and Servicing Agreement

 Acknowledged and agreed to by: 

NISSAN MASTER OWNER TRUST RECEIVABLES, 
 as Issuer 

 

			
	By:	 	Nissan Motor Acceptance Corporation,
		 	as Administrator
		
	By:	 	 /s/ Riley A. McAndrews

	Name:	 	Riley A. McAndrews
	Title:	 	Assistant Treasurer

  

					
		  	S-2	  	 NMOTR Second Amendment to 

Transfer and Servicing AgreementEX-10.2

 Exhibit 10.2 

FIRST AMENDMENT 
 TO
AMENDED AND RESTATED TRUST AGREEMENT 
 This FIRST AMENDMENT TO AMENDED AND RESTATED TRUST AGREEMENT, dated as of October 25, 2017
(this “Amendment”), is entered into by and between Nissan Wholesale Receivables Corporation II (“NWRC II”), as transferor (the “Transferor”), and Wilmington Trust Company, not in its individual
capacity but solely as owner trustee (the “Owner Trustee”) of Nissan Master Owner Trust Receivables, a Delaware statutory trust (the “Issuer”). 

RECITALS: 

WHEREAS, the parties hereto have entered into the Amended and Restated Trust Agreement, dated as of October 15, 2003 (as amended
by (i) the Agreement of Modification to Transaction Documents, dated as of February 12, 2010, among the Transferor, the Issuer, Nissan Motor Acceptance Corporation (“NMAC”), as servicer, and the Owner Trustee and
(ii) the Second Agreement of Modification to Transaction Documents, dated as of May 23, 2012, among NWRC II, as transferor and as buyer, the Issuer, NMAC, as servicer and as seller, the Owner Trustee and U.S. Bank National Association, as
indenture trustee (the “Indenture Trustee”), and as further amended, supplemented, amended or restated or otherwise modified from time to time, the “Trust Agreement”); 

WHEREAS, the parties hereto wish to modify the Trust Agreement pursuant to Section 10.01(a) thereof as of the Effective Date (as
defined below) in accordance with the terms and conditions set forth below; and 
 NOW, THEREFORE, in consideration of the mutual
agreements herein contained and other good and valuable consideration, receipt of which is acknowledged, the parties hereto agree as follows: 

ARTICLE I 
 RECITALS AND
DEFINITIONS 
 Section 1.1 Recitals. The foregoing Recitals are hereby incorporated in and made a part of this
Amendment. 
 Section 1.2 Definitions. Capitalized terms used and not defined herein have the respective meanings
assigned such terms in the Annex of Definitions (the “Annex of Definitions”) attached to the Amended and Restated Transfer and Servicing Agreement, dated as of October 15, 2003 (as amended, the “Transfer and Servicing
Agreement”), among the Transferor, the Issuer and NMAC, as servicer. 

 ARTICLE II 

AMENDMENTS 

Section 2.1 Amendments to Article 8 of the Trust Agreement. 

(a) As of the Effective Date, the first paragraph of Section 8.01 of the Trust Agreement is hereby amended and restated in full to read as
follows: 
 “The legal existence of the Issuer will terminate upon the date specified by the Transferor (the “Trust
Termination Date”, prior written notice of which shall be provided to the Owner Trustee), provided, that the Trust Termination Date shall not be earlier than the day following the day on which the right of all Series of Notes to receive
payments from the Trust Assets has terminated. Any money or other property held as part of the Trust Assets following such termination (and following the distribution of all amounts to which the Noteholders and Series Enhancers are entitled) will be
distributed to the Certificateholders in accordance with their respective interests in the Transferor Interest. The bankruptcy, liquidation, dissolution, termination, death or incapacity of any Certificateholder will not (1) operate to
terminate this Agreement or the legal existence of the Issuer or (2) entitle such Certificateholder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of
all or any part of the Issuer or Trust Assets or (3) otherwise affect the rights, obligations and liabilities of the parties hereto. Upon dissolution of the Issuer, the Administrator will wind up the business and affairs of the Issuer as
required by Section 3808 of the Delaware Statutory Trust Act.” 
 (b) As of the Effective Date, the third paragraph of
Section 8.01 of the Trust Agreement is hereby amended and restated in full to read as follows: 
 “Upon the winding
up of the Issuer, and the payment of all liabilities of the Issuer in accordance with applicable law and upon written direction from the Administrator, the Owner Trustee shall cause a certificate of cancellation to be executed and filed with the
Delaware Secretary of State in accordance with the provisions of Section 3810 (or successor section) of the Statutory Trust Statute, at which time the Issuer and this Agreement (other than Article VII) will terminate.” 

Section 2.2 Amendments to Article 10 of the Trust Agreement. As of the Effective Date, Section 10.1 of the Trust
Agreement is hereby deleted from its current location, reinserted directly after Section 10.14 of the Trust Agreement and renumbered as Section 10.15 of the Trust Agreement. 

ARTICLE III 
 EFFECTIVE
DATE 
 Section 3.1 Effective Date. Upon receipt by NWRC II of counterparts of this Amendment executed by NWRC II, as
Transferor, and the Owner Trustee, and the executed consent of the Indenture Trustee attached hereto, this Amendment shall become effective immediately after all of the following occur (such date, the “Effective Date”), without
further action by any party other than the following: 
 (a) receipt by the Indenture Trustee and the Owner Trustee of an Officer’s
Certificate in accordance with Section 10.01(a)(i) of the Trust Agreement; 

  
 2 

 (b) receipt by the Indenture Trustee and the Owner Trustee of an Opinion of Counsel in accordance
with Section 10.01(a)(ii) of the Trust Agreement; 
 (c) satisfaction of the Rating Agency Condition with respect to this Amendment in
accordance with Section 10.01(a) of the Trust Agreement; and 
 (d) receipt by the Owner Trustee of an Officer’s Certificate in
accordance with Section 10.01(e) of the Trust Agreement. 
 ARTICLE IV 

MISCELLANEOUS 

Section 4.1 Trust Agreement Unaffected. Except as modified herein, the parties acknowledge that the provisions of the Trust
Agreement remain in full force and effect and are hereby ratified and confirmed by the parties hereto. After the Effective Date all references in the Transaction Documents to the Trust Agreement shall mean the Trust Agreement as modified hereby.

 Section 4.2 Governing Law. This Amendment shall be governed by the governing law described in Section 10.11 of
the Trust Agreement. 
 Section 4.3 Captions. The various captions in this Amendment are included for convenience
only and shall not affect the meaning or interpretation of any provision of this Amendment or any provision hereof. 
 Section 4.4
Severability. Whenever possible, each provision of this Amendment shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under the
laws of any applicable jurisdiction, such provision, as to jurisdiction, shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Amendment as to
such jurisdiction or any other jurisdiction. 
 Section 4.5 Binding Effect. This Amendment shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns. 
 Section 4.6 Counterparts. This
Amendment may be executed in any number of counterparts and by the parties hereto on separate signature pages, each such executed counterpart constituting an original but all together only one Amendment. 

[remainder of page intentionally left blank] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered as
of the date first above written. 
  

			
	 NISSAN WHOLESALE RECEIVABLES CORPORATION II,

as Transferor

		
	By:	 	 /s/ Riley A. McAndrews

	Name:	 	Riley A. McAndrews
	Title:	 	Assistant Treasurer
	  
 WILMINGTON TRUST COMPANY,

not in its individual capacity but solely as Owner Trustee

		
	By:	 	 /s/ Beverly D. Capers

	Name:	 	Beverly D. Capers
	Title:	 	Assistant Vice President

  

					
		  	S-1	  	 NMOTR Amendment to

Trust Agreement

 The party below has provided its consent to this Amendment for purposes of Section 10.01(a)
of the Trust Agreement and waives the notice to which it is entitled pursuant to Section 10.01(d) of the Trust Agreement: 
  

			
	 U.S. BANK NATIONAL ASSOCIATION,

as Indenture Trustee

		
	By:	 	 /s/ Jessica J. Elliott

	Name:	 	Jessica J. Elliott
	Title:	 	Vice President

  

					
		  	S-2	  	 NMOTR Amendment to

Trust Agreement

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