Document:

EX-10.7

 Exhibit 10.7 

ENERGIZER HOLDINGS, INC. 

EXECUTIVE SAVINGS INVESTMENT PLAN 

(effective July 1, 2015) 

INTRODUCTION 
 WHEREAS, on
July 1, 2015, Edgewell Personal Care Company (f/k/a Energizer Holdings, Inc.) (“Parent”) separated its household products business from its personal care business by means of a spin-off of a newly formed subsidiary named Energizer
SpinCo, Inc. (“Spinco” or “Company”), which owns the household products business, in accordance with that certain Separation and Distribution Agreement by and between the Parent and the Spinco (“Spin-Off”); 

WHEREAS, in the Spin-Off, the Parent distributed pro rata to the holders of the Parent common stock 100% of the outstanding shares of the
Spinco’s common stock; 
 WHEREAS, in connection with the Spin-Off, the Parent was renamed from “Energizer Holdings, Inc.” to
“Edgewell Personal Care Company,” and Spinco was renamed from “Energizer SpinCo, Inc.” to “Energizer Holdings, Inc.;” 

WHEREAS, Parent previously established the Energizer Holdings, Inc. Executive Savings Investment Plan (“Prior Grandfathered Plan”),
to provide retirement benefits for eligible employees; 
 WHEREAS, the portion of each participant’s account under the Prior
Grandfathered Plan that was earned and vested as of December 31, 2004, was frozen, except for adjustments for earnings and losses, and credited to a separate subaccount (“Prior Grandfathered Account”) to be administered in accordance
with the terms of the Prior Grandfathered Plan as in effect on October 3, 2004 and the federal income tax law in effect prior to the enactment of Section 409A; 

WHEREAS, the portion of each participant’s account earned or vested on or after January 1, 2005 was credited to a separate
subaccount (“Prior Non-Grandfathered Account”) and was governed by the terms of the 2009 Restatement of the Energizer Holdings, Inc. Executive Savings Investment Plan and subsequent amendments thereto and by the amendment and restatement
thereto effective January 1, 2015 (“Prior Plan”); 
 WHEREAS, the Company desires to adopt a new plan known as the Energizer
Holdings, Inc. Executive Savings Investment Plan (“Plan”) effective July 1, 2015 (“Effective Date”), subject to the completion of the Spin-Off; and 

WHEREAS, the Company shall be responsible for the payment of all liabilities and obligations for benefits unpaid with respect to all Prior
Grandfathered Account balances of the individuals designated on Appendix I as the Company’s employees and former employees under the Prior Grandfathered Plan, and such balances shall be administered in accordance with the terms of the Prior
Grandfathered Plan; 

 NOW, THEREFORE, effective July 1, 2015, contingent on the Spin-Off, the Company hereby
adopts the Plan as follows, and the Prior Non-Grandfathered Account balances of the individuals designated on Appendix I as the Company’s employees and former employees under the Prior Plan are hereby converted into account balances under this
Plan: 

  
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 ENERGIZER HOLDINGS, INC. 

EXECUTIVE SAVINGS INVESTMENT PLAN 

(effective July 1, 2015) 

The Plan is maintained for a select group of management or highly compensated employees and, therefore, it is intended that the Plan will be
exempt from Parts 2, 3 and 4 of Title I of ERISA. The Plan is not intended to qualify under Code Section 401. The Plan is intended to comply with the requirements of Code Section 409A. 

I. DEFINITIONS 

Capitalized terms used herein that are not defined herein shall have the same meaning as specified in the Energizer 401(k) Plan unless the
context unambiguously requires otherwise. 
 1.1 “Account” means the bookkeeping account that is credited with Deferred
Compensation Contributions, Company Matching Contributions and earnings and losses on such amounts as provided in Section 3.3. 
 1.2
“Affiliated Company” means those domestic corporations in which Energizer Holdings, Inc. owns, directly or indirectly, 50% or more of the voting stock, or any other entity so designed by the Committee. 

1.3 “Beneficiary” means any person or persons (natural or otherwise) designated as such by a Participant on such forms and in such
manner acceptable to the Committee; provided however, that a beneficiary designation form shall be effective only when the form is submitted in writing by the Participant and received by the Committee and such beneficiary designation form shall
cancel any and all beneficiary designation forms previously signed and filed by the Participant. The beneficiary designation, if any, in effect under the Prior Plan immediately prior to the Spin-Off with respect to Participants listed on Appendix I
shall be recognized under this Plan and shall be deemed the Participant’s valid Beneficiary designation hereunder, subject to permitted changes as described herein. 

1.4 “Board” means the Board of Directors of the Company. 

1.5 “Cause” means willful breach or failure by the Participant to perform his or her employment duties. 

1.6 “CEO” means the Chief Executive Officer of the Company. 

1.7 “Change of Control” means a change of control of a nature that would be required to be reported in response to Item 6(e) of
Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), whether or not the Company is then subject to such reporting requirement; provided that, without limitation, such a
Change of Control shall be deemed to have occurred if: 
  

	 	(a)	any “person” (as such term is used in Sections 13(d) and 14(d)(2) as currently in effect, of the Exchange Act) is or becomes a “beneficial owner” (as determined for purposes of Regulation 13D-G, as
currently in effect, of the Exchange Act), directly or indirectly, of securities representing 20% or more of the total voting power of all of the Company’s then outstanding voting securities. For purposes of this Plan, the term
“person” shall not include: (A) the Company or any corporation of which 50% or more of the voting stock is owned, directly or indirectly, by the Company (individually, a “Subsidiary” and collectively
“Subsidiaries”), (B) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Subsidiaries, or (C) an underwriter temporarily holding securities pursuant to an offering of said
securities; 

	 	(b)	during any period of two (2) consecutive calendar years, individuals who at the beginning of such period constitute the Board and any new director(s) whose election by the Board or nomination for election by the
Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of such period or whose election or nomination for election was previously so approved, cease
for any reason to constitute a majority of the Board; 

  

	 	(c)	the stockholders of the Company approve a merger, consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), in each case, unless following
such Business Combination: (i) all or substantially all of the individuals and entities who were the “beneficial owners” (as determined for purposes of Regulation 13D-G, as currently in effect, of the Exchange Act) of the outstanding
voting securities of the Company immediately prior to such Business Combination beneficially own, directly or indirectly, securities representing more than 50% of the total voting power of the then outstanding voting securities of the corporation
resulting from such Business Combination or the parent of such corporation (the “Resulting Corporation”); (ii) no “person” (as such term is used in Section 13(d) and 14(d)(2), as currently in effect, of the Exchange
Act), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or the Resulting Corporation, is the “beneficial owner” (as determined for purposes of Regulation 13D-G, as currently in effect,
of the Exchange Act), directly or indirectly, of voting securities representing 20% or more of the total voting power of then outstanding voting securities of the Resulting Corporation; and (iii) at least a majority of the members of the board
of directors of the Resulting Corporation were members of the Board at the time of the execution of the initial agreement, or at the time of the action of the Board, providing for such Business Combination; 

 

	 	(d)	the stockholders of the Company approve a plan of complete liquidation or dissolution of the Company; or 

  

	 	(e)	any other event that a simple majority of the Board, in its sole discretion, shall determine constitutes a Change of Control. 

  
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 1.8 “Code” means the Internal Revenue Code of 1986, as amended. 

1.9 “Committee” means the Energizer Benefits Committee, its designee, or any successor to such Committee. 

1.10 “Company” means Energizer Holdings, Inc. 

1.11 “Company Matching Contributions” means the amount of contributions made in accordance with Section 3.2. 

1.12 “Compensation” means Compensation as defined under the SIP. 

1.13 “Controlled Group” means all corporations or business entities that are, along with the Company, members of a controlled group
of corporations or businesses, as defined in Code Sections 414(b) and 414(c), except that the language “at least 50 percent” is used instead of “at least 80 percent” in applying the rules of Code Sections 414(b) and 414(c). 

1.14 “Deferred Compensation Contributions” means the amount of deferrals credited in accordance with Section 3.1. 

1.15 “Disability” means a finding by the Committee of a Participant’s permanent and total disability. 

1.16 “Employee” means a person employed by the Company or an Affiliated Company and who is one of a select group of management or
highly-compensated employees. 
 1.17 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

1.18 “Good Reason” means any of the following: assignment of duties inconsistent with the Employee’s status or diminution in
status or responsibilities from that which existed prior to the Change of Control; reduction in the Employee’s annual salary; failure of the acquiror to pay any bonus award to which the Employee was otherwise entitled, or to offer the Employee
incentive compensation, stock options or other benefits or perquisites which are offered to similarly situated employees of the acquiror; relocation of the Employee’s primary office to a location greater than fifty (50) miles from his or
her existing office; any attempt by the acquiror to terminate the Employee’s employment in a manner other than as expressly permitted by the Change of Control agreement(s); or the failure by the acquiror to expressly assume the Company’s
obligations under the Change of Control agreement(s). 

  
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 1.19 “Grandfathered Account” means the vested portion of a Participant’s Account
as of December 31, 2004, as adjusted for earnings or losses, as determined under the Prior Grandfathered Plan. 
 1.20
“Non-Grandfathered Account” means (i) the portion of a Participant’s Account that became vested on or after January 1, 2005, as adjusted for earnings and losses, as determined under the Prior Plan, (ii) contributions
for periods on or after January 1, 2005 until the date of the Spin-Off, as adjusted for earnings and losses, as determined under the Prior Plan, and (iii) contributions for periods on or after the Effective Date, as adjusted for earnings
and losses, as determined under this Plan. 
 1.21 “Participant” means an Employee who is deferring, or an Employee or former
Employee who has deferred, Compensation pursuant to Article III of the Plan. In addition, Participant means any current or former employee of the Company or its subsidiaries whose name is listed on Appendix I hereto, to the extent an Account is
credited with Prior Amounts on behalf of such individual under this Plan as set forth herein. 
 1.22 “Plan” means the Energizer
Holdings, Inc. Executive Savings Investment Plan, as amended from time to time. 
 1.23 “Prior Amounts” means amounts credited to
the Plan in accordance with Section 3.3. 
 1.24 “Prior Grandfathered Plan” has the meaning ascribed thereto in the
Introduction. 
 1.25 “Prior Plan” has the meaning ascribed thereto in the Introduction. 

1.26 “Retirement” means Termination of Employment at or after age 55 with 10 years of service. 

1.27 “SIP” means the Energizer 401(k) Plan, as amended from time to time. 

1.28 “Spin-Off” shall have the meaning ascribed thereto in the Introduction. 

1.29 “Termination of Employment” means termination of employment from the Controlled Group, as determined in accordance with rules
set forth in IRS regulations under Code Section 409A (generally a decrease in the performance of services to no more than 20% of the average for the preceding 36-month period); provided, however, to the extent permitted by the regulations
issued under Code Section 409A, a “Termination of Employment” does not occur if a Participant is on a military leave, sick leave or other bona fide leave of absence granted by the Company or an Affiliated Company. For the avoidance of
doubt, no Participant shall be treated as incurring a Termination of Employment, separation from service, retirement or other similar event for purposes of determining the right to distribution, vesting, benefits, or any other purpose under the Plan
as a result of the Spin-Off. 

  
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 1.30 “Valuation Date” means December 31 of each Year. 

1.31 “Year” means a calendar year. 

II. ELIGIBILITY AND PARTICIPATION 

2.1 Prior Participants. An Employee who is listed on Appendix I hereto, and who is an Employee on July 1, 2015, shall be a
Participant in the Plan on July 1, 2015, subject to the termination provisions of Section 2.5. 
 2.2 Other Employees. An
Employee who is not covered under Section 2.1 shall be eligible to participate in the Plan if he or she is designated by the CEO as eligible to participate in the Plan. 

2.3 Initial Enrollment. In the case of a Participant who first becomes eligible to participate in this Plan during a Year, an election
to defer Compensation in accordance with Section 3.1 may be made within 30 days after the date the Employee first becomes eligible to participate in the Plan, provided that the Employee has not previously become eligible to participate in any
other nonqualified account balance plan maintained by the Company (as defined in Treasury Regulation Section 1.409A-1(c)(2)(i)(A)) or in the Prior Plan, with respect to Compensation paid for services to be performed subsequent to the election,
which shall be irrevocable during such initial year of participation. With respect to Compensation which is earned based upon a specified performance period, such as an annual bonus, such initial election shall apply only to the portion of such
Compensation equal to the total amount of Compensation for the performance period multiplied by the ratio of the number of days remaining in the performance period after the election over the total number of days in the performance period. 

2.4 Annual Deferral Elections. An election by a Participant to defer Compensation for a Year must be submitted to the Committee no
later than the December 31st immediately preceding such Year in accordance with the rules and procedures established by the Committee. A deferral election made by a Participant is effective
for an entire Year, and cannot be increased or decreased during such Year. 
 2.5 Termination of Coverage. A Participant (including a
Participant listed on Appendix I) shall no longer be eligible to participate in the Plan including the right to defer Compensation pursuant to the Plan, effective as of the first payroll period beginning after the earlier of the following dates:

  

	 	(a)	The date the Participant incurs a Termination of Employment; 

  

	 	(b)	The last day of the Year in which the Participant ceases to meet the eligibility requirements of either Section 2.1 or Section 2.2 of the Plan; or 

 

	 	(c)	The last day of the Year in which the Participant is designated by the CEO as ineligible to participate in the Plan. 

  
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 Such Participant shall continue to be a Participant in the Plan for all other purposes until
distribution of his or her Account. 
 III. CONTRIBUTIONS 

3.1 Deferrals into the Plan. A Participant may elect to reduce the amount of Compensation that the Participant would otherwise receive
and defer up to 20% percent of such Compensation each Year. Deferral elections under the Plan may not be revoked except in the case of Termination of Employment. No after-tax deferrals are permitted under the Plan. On the date of the Spin-Off, all
deferral elections in effect under the Prior Plan with respect to Participants listed on Appendix I hereto shall transfer to, be recognized as a deferral election by and remain in effect for the year or other applicable period to which it relates
under this Plan. 
 3.2 Company Matching Contributions. After each Year, the Company shall credit a Participant’s Account with a
Company Matching Contribution in an amount equal to (i) 100% of the first 6% of such Participant’s Compensation deferred under both the SIP (including Catch-Up Contributions) and pursuant to Section 3.1, reduced by (ii) the
matching contributions credited to the Participant’s SIP account for such Year; provided however, 
  

	 	(a)	If the Participant does not contribute the maximum elective deferral amount permitted under Code Section 402(g) for such Year to the SIP, the matching contribution percentage described above shall only be applied
to Compensation in excess of the applicable dollar amount limitation under Code Section 401(a)(17) for that Year under the SIP; and 

  

	 	(b)	With respect to a Year, if a Participant changes his or her deferral percentage in effect under the SIP after the December 31st preceding such Year, the matching
credit to a Participant under this Plan will be limited so that such change under the SIP shall not increase or decrease the matching credit for such Year by more than the amount permitted under Treasury Regulation Section 1.409A-2(a)(9)(iii).

 3.3 Participants’ Accounts. 
  

	 	(a)	The Company shall establish a book reserve account for each Participant. As appropriate, the Company shall credit to a Participant’s Account his or her Deferred Compensation Contributions and Company Matching
Contributions. The amount credited to an account under the Prior Plan as of the Spin-Off with respect to a Participant listed on Appendix I shall be credited to such Participant’s Account as Prior Amounts under this Plan and shall include
earnings and losses hereunder. For the avoidance of doubt, and notwithstanding anything herein to the contrary, any amounts credited to a Grandfathered Account with respect to a Participant listed on Appendix I shall be administered in accordance
with the terms and conditions of the Prior Grandfathered Plan. 

  
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	 	(b)	Each Participant’s Account balance shall be credited on a daily basis with earnings or losses equal to the rate of earnings or losses of the SIP funds that the Participant has designated as investment choices.

  

	 	(c)	Each Participant shall be furnished quarterly a statement setting forth the value of his or her Account. 

IV. VESTING OF CONTRIBUTIONS 

4.1 Vesting of Deferred Compensation. Each Participant shall be vested at all times in the amounts credited to his or her Account
attributable to his or her Deferred Compensation Contributions, and earnings thereon. 
 4.2 Vesting of Company Matching
Contributions. A Participant shall be vested in the amounts credited to his or her Account attributable to Company Matching Contributions and earnings thereon as follows: 
  

	 	(a)	at the rate of 25% for each Period of Service in whole years (as defined in the SIP); or 

  

	 	(b)	100% vested upon the occurrence of any one of the following: 

  

	 	(1)	attainment of age 65; 

  

	 	(2)	Retirement; 

  

	 	(3)	Disability; 

  

	 	(4)	death; 

  

	 	(5)	Change of Control, if the Participant’s employment with the Company and all Affiliated Companies is terminated within twelve (12) months following such Change of Control, if such termination of employment is
by the Participant for Good Reason, or such termination of employment is by the Company or an Affiliated Company, for any reason other than for Cause; or 

  

	 	(6)	termination of the Plan. 

 Prior service recognized for vesting purposes under the Prior Plan
as of the date of the Spin-Off shall be counted as service for vesting under this Plan. Matching contributions credited as Prior Amounts shall be subject to the foregoing vesting provisions, provided that periods of service (as determined under the
Prior Plan) shall be included for purposes of determining Periods of Service under this Plan with respect to such Prior Amounts. 

  
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 V. DISTRIBUTIONS 

5.1 Time of Distribution to Participant. The vested portion of the Participant’s Account shall be paid (or commence to be paid in
the case of installment payments) on the sixth month anniversary of the date of such Participant’s Termination of Employment. 
 5.2
Distribution Upon Death. In the event of the Participant’s death, the Participant’s Account shall be paid to the Participant’s Beneficiary. In the event the Participant has not designated a Beneficiary or the Beneficiary so
designated predeceases the Participant, then benefits shall be paid to the Participant’s estate or as provided by law. If distribution of benefits has not already commenced pursuant to Section 5.1, distribution of benefits shall commence
no later than 90 days following the Participant’s death, provided that Beneficiary may not designate the calendar year in which distribution will be made. The Committee reserves the right to review and approve Beneficiary designations. 

5.3 Amount to be Distributed. At the time of distribution set forth in Sections 5.1 or 5.2, the Company shall distribute the
vested portion of the Participant’s Account. Earnings on the vested portion of a Participant’s Account shall be credited to the Participant’s Account for the period between the most recent Valuation Date and the date of distribution
of the Account. 
 5.4 Form of Distribution. The distribution of a Participant’s Account pursuant to this Article V shall be
made in the form of payment elected by the Participant in his or her Initial Deferral Election and shall be in the form of a single lump payment, five annual installments or ten annual installments. A Participant shall be permitted to change the
form of distribution initially elected provided that (i) such election or change is made at least twelve (12) months prior to the date the first distribution is to be made, and (ii) the new benefit commencement date is at least five
(5) years after the first distribution would otherwise be made, and (iii) the new election is not effective until twelve (12) months after the date the new election is made. No participant may change the form of payment initially
elected more than once. For purposes of subsequent changes in the time and form of payment under Code Section 409A, the right to the series of installment payment is to be treated as the right to a single payment. In the event of the death of a
Participant, benefits will be distributed to the Beneficiary in the form elected by the Participant. 
 Notwithstanding anything to the
contrary, Prior Amounts shall be distributed at the time and in the manner and form as determined under the Prior Plan as of the Spin-Off. Distribution elections effective under the Prior Plan as of the Spin-Off with respect to Participants listed
on Appendix I shall be recognized under this Plan, subject to permitted modifications described herein and otherwise permitted by the Committee. For the avoidance of doubt, Grandfathered Accounts will be administered in accordance with the terms and
conditions of the Prior Grandfathered Plan, including with respect to the time and form of distribution. 

  
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 5.5 Withdrawals and Loans. 

 

	 	(a)	Loans are not permitted under the Plan. 

  

	 	(b)	A Participant (or, after a Participant’s death, his or her Beneficiary) may request a withdrawal of all or a portion of his or her vested Account on account of a severe financial hardship in accordance with such
rules and procedures prescribed by the Committee. The Participant (or his or her Beneficiary) shall be paid the withdrawal amount as soon as practicable after the Committee approves his or her request. The payment of this withdrawal amount shall not
be subject to the deduction limitation under Code Section 162(m). 

  

	 	(c)	If the Committee determines that a Participant has incurred a severe financial hardship, the Committee may make a cash distribution to the Participant of the portion of the vested balance of his or her Account needed to
satisfy the severe financial hardship (including taxes reasonably anticipated as a result of such distribution), to the extent that the severe financial hardship may not be relieved: 

 

	 	(1)	Through reimbursement or compensation by insurance or otherwise; or 

  

	 	(2)	By liquidation of the Participant’s assets, to the extent the liquidation of such assets would not itself cause severe financial hardship. 

 

	 	(d)	A “severe financial hardship” is a Participant’s need for a distribution, as determined by the Committee, resulting from: 

 

	 	(1)	A sudden and unexpected illness or accident of the Participant or of a dependent or close family member of the Participant; 

  

	 	(2)	Loss of the Participant’s property due to casualty; 

  

	 	(3)	Any other events specified as “unforeseeable emergencies” under Code Section 409A and the regulations and guidance thereunder; 

 

	 	(4)	Other extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant as permitted under Code Section 409A. 

 

	 	(e)	The Committee shall determine whether the Participant has satisfied the requirements of this Section 5.5. The Committee may decline a request for a distribution under this Section 5.5 if the Committee
determines that such distribution is not in the best interests of the Company. All determinations made by the Committee pursuant to this Section 5.5 shall be binding on all parties. 

  
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 VI. FORFEITURES 

6.1 Time of Forfeiture. Any amount of Company Matching Contributions or matching contributions included in Prior Amounts from the Prior
Plan in which a Participant is not vested shall be forfeited upon the Participant’s Termination of Employment. 
 VII. AMENDMENT AND
ADMINISTRATION OF THE PLAN 
 7.1 Power to Amend or Termination Plan. The power to amend or modify the Plan at any time is
reserved to the Committee, provided that, no amendment or modification may affect the terms of any deferral of Compensation deferred prior to the effective date of such amendment or modification without the consent of the Participant or Beneficiary
affected thereby. The Committee may terminate the Plan, and distribute all vested accrued benefits, subject to the restrictions set forth in Treas. Reg. §1.409A-3(j)(4). A termination of the Plan must comply with the provisions of Code
Section 409A and the regulations and guidance promulgated thereunder, including, but not limited to, restrictions on the timing of final distributions and the adoption of future deferred compensation arrangements. 

7.2 Administration of the Plan. The Committee shall administer the Plan in its sole discretion and, in connection therewith, shall have
full power to construe and interpret the Plan; to establish rules and regulations; to delegate responsibilities to others to assist it in administering the Plan or performing any responsibilities hereunder; and to perform all other acts it believes
reasonable and proper in connection with the administration of the Plan. 
 The interpretation of the Plan or other action of the Committee
made in good faith in its sole discretion shall be subject to review only if such an interpretation or other action is without a rational basis. Any review of a final decision or action of the Committee shall be based only on such evidence presented
to or considered by the Committee at the time it made the decision that is the subject of the review. The Company and any Affiliated Company whose Employees are covered by the Plan and any Employee who is or may be covered by the Plan hereby consent
to actions of the Committee made in its sole discretion and agree to be bound by the narrow standard of review prescribed in this Section. 

VIII. MISCELLANEOUS 
 8.1
Company’s Obligations Unfunded. All benefits due a Participant or Beneficiary under the Plan are unfunded and unsecured and are payable out of the general funds of the Company or Affiliated Company. The Company, in its sole and absolute
discretion, may establish a grantor trust for the payment of benefits and obligations hereunder, the assets of which shall be at all times subject to the claims of creditors of the Company or the respective Affiliated Company for which the
Participant was employed when contributions were made for such Participant as provided for in such trust, provided that such trust does not alter the characterization of the Plan as an unfunded plan for purposes of ERISA. Such trust shall make
distributions in accordance with the terms of the Plan. 

  
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 8.2 No Right to Continued Employment. Neither the establishment of the Plan nor the
payment of any benefits thereunder nor any action of the Company, any Affiliated Company, the Board, or the Committee shall be held or construed to confer upon any person any legal right to be continued in the employ of the Company or an Affiliated
Company. 
 8.3 Non-Alienation of Benefits. No right or benefit under the Plan shall be subject to anticipation, alienation, sale,
assignment, pledge, encumbrance, or charge, and any attempt to anticipate, alienate, sell, assign, pledge, encumber, or change any right or benefit under this Plan shall be void. No right or benefit hereunder shall in any manner be liable for or
subject to the debts, contracts, liabilities or torts of the person entitled to such benefits. If the Participant or Beneficiary becomes bankrupt, or attempts to anticipate, alienate, sell, assign, pledge, encumber, or change any right hereunder,
then such right or benefit shall, in the discretion of the Committee, cease and terminate, and in such event, the Committee may hold or apply the same or any part thereof for the benefit of the Participant or Beneficiary, spouse, children, or other
dependents, or any of them in such manner and in such amounts and proportions as the Committee may deem proper. Notwithstanding anything in this Section to the contrary, the Committee may comply with a qualified domestic relations order as defined
in Code section 414(p); provided however, that for purposes of this Section 8.3, the provisions of Code section 414(p)(9) shall be disregarded and shall have no force and effect in applying the provisions of Code section 414(p). Anything
contained herein to the contrary notwithstanding, benefits payable from the Plan under this Section 8.3 to an alternate payee pursuant to a qualified domestic relations order shall be paid only in the form of a lump sum payment as soon as
practicable after the order is determined to constitute a qualified domestic relations order. The Committee may establish procedures similar to those described in Code sections 414(p)(6) and (7), in lieu of the procedures set forth in Code sections
414(p)(6) and (7), for evaluating domestic relations orders and for handling benefits while domestic relations orders are being evaluated. 

8.4 Address of Participant or Beneficiary. A Participant shall keep the Committee apprised of the Participant’s current address
and that of any Beneficiary at all times during participation in the Plan. At the death of a Participant, a Beneficiary who is entitled to receive payment of benefits under the Plan shall keep the Committee apprised of such Beneficiary’s
current address until the entire amount to be distributed has been paid. 
 8.5 Taxes. The Company shall satisfy any federal, state,
or local tax withholding obligation from any payment due hereunder. The Company shall satisfy any withholding obligation for the employee portion of employment taxes resulting from vesting of amounts credited to a Participant’s Account through
the reduction of a Participant’s paycheck in an amount necessary to satisfy such tax obligation. 
 8.6 Missouri Law to Govern.
All questions pertaining to the interpretation, construction, administration, validity and effect of the provisions of the Plan shall be determined in accordance with the laws of the State of Missouri. 

8.7 Claims and Appeals Procedures. A Participant or Beneficiary may claim any benefit to which he or she is entitled under this Plan by
a written notice to the Committee. If a 

  
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claim is denied, it must be denied within ninety (90) days after receipt of the claim, unless special circumstances require an extension. If an extension is necessary, the extension shall
not be longer than an additional ninety (90) days. Any denial shall be in a written notice stating the following: 
 (a) The specific
reason for the denial. 
 (b) Specific reference to the Plan provision on which the denial is based. 

(c) Description of additional information necessary for the claimant to present his or her claim, if any, and an explanation of why such
material is necessary. 
 (d) An explanation of the Plan’s claims review procedures, and the time limits applicable to such procedures,
including a statement of the claimant’s right to bring a civil action under Section 502(a) of ERISA following an adverse benefit determination on review. 

If the Committee does not deny the claim within the time specified above, the claimant may commence action in state or federal court. 

The claimant will have sixty (60) days to request a review of the denial by the Committee, which will provide a full and fair review. The
request for review must be in writing delivered to the Committee. The claimant may review pertinent documents, and he or she may submit issues and comments in writing. The decision by the Committee with respect to the review must be given within
sixty (60) days after receipt of the request, unless special circumstances require an extension (such as for a hearing). In no event shall the decision be delayed beyond one hundred and twenty (120) days after receipt of the request for
review. The decision shall be written in a manner calculated to be understood by the claimant, shall include specific reasons and refer to specific Plan provisions as to its effect, state that the claimant is entitled to receive upon request and
free of charge, reasonable access to and copies of, all documents, records and other information relevant to the claim, and state that the claimant has a right to bring a civil action under Section 502(a) of ERISA. 

Anything contained herein to the contrary notwithstanding, any claim filed under the Plan and any action brought in state or federal court by
or on behalf of a Participant, a Beneficiary or alternate payee for the alleged wrongful denial of Plan benefits or for the alleged interference with ERISA-protected rights must be brought within one (1) year of the date of the
Participant’s, the Beneficiary’s or alternate payee’s cause of action first accrues. Failure to bring any such cause of action with this one (1) year time frame shall preclude a Participant, a Beneficiary or alternate payee, or
any representative of the Participant, the Beneficiary or alternate payee, from bringing the claim or cause of action. Correspondence or other communications following the mandatory appeals process described in this Section 8.7 shall have no
effect on this one (1) year time frame. 
 8.8 Disability Claims and Appeals Procedures. Notwithstanding anything to the
contrary in Section 8.7 above, if a determination of Disability must be made in order to decide a claim, the claim shall be considered a Disability claim and shall be subject to the following procedures. 

  
 - 14 - 

 The Committee shall process each Disability claim and make an initial decision as to the validity
of the claim within a reasonable period of time, but no later than forty-five (45) days after receipt of the claim. If the Committee determines that an extension to process the Disability claim is necessary due to matters beyond the control of
the Committee, the Committee may extend the 45-day response period for up to thirty (30) days by notifying the claimant, prior to the termination of the initial 45-day period, of the circumstances requiring the extension of time and the date by
which it expects to render a decision. If the Committee determines that an additional extension to process the Disability claim is necessary due to matters beyond the control of the Committee, the Committee may extend the response period for up to
an additional thirty (30) days by notifying the claimant, prior to the termination of the first 30-day extension period, of the circumstances requiring the extension of time and the date by which it expects to render a decision. An extension
notice shall specifically explain the standards on which entitlement to a benefit is based, the unresolved issues that prevent a decision on the claim, and the additional information needed to resolve those issues. If the reason for the extension is
the claimant’s failure to provide necessary information to decide the claim, the determination period shall be tolled from the date notice of insufficiency is given, until the claimant responds to the notice. The claimant shall have forty-five
(45) days within which to provide the specified information. 
 A claim denial shall be furnished in writing or electronically. The
denial shall inform the claimant of the specific reason or reasons for the denial, refer to the specific Plan provisions on which the denial is based, describe any additional material or information necessary to perfect the claim and explain why the
material is necessary, describe the Plan’s review procedures and the time limits applicable to such procedures, including a statement of the claimant’s right to bring a civil action under Section 502(a) of ERISA following a denial of
an appeal, refer to any specific guidelines that were relied upon in issuing the denial, or state that such guidelines will be provided to the claimant free of charge upon request. 

If a claimant receives notice from the Committee that a claim for benefits has been denied in whole or in part, the claimant or the
claimant’s duly authorized representative may, within one hundred and eighty (180) days after receipt of notice of such denial: 

(a) Make written application to the Committee for a review of the decision. Such application shall be made on a form specified by the
Committee and submitted with such documentation as the Committee shall prescribe. 
 (b) Review, upon request and free of charge, all
documents, records and other information in the possession of the Committee or the Committee which are relevant to the Disability claim. 

(c) Submit written comments, documents, records and other information relating to the claim. 

  
 - 15 - 

 If review of a decision is requested, such review shall be made by the Committee, which shall
review all comments, documents, records, and other information submitted by the claimant relating to the Disability claim, without regard to whether such information was submitted or considered in the initial benefit determination. The
Committee’s review shall not afford deference to the initial adverse benefit determination. The individual(s) conducting the decision on review shall not be the individual(s) who made the initial adverse decision, nor the subordinates of such
individual(s). 
 In the case of an appeal involving medical judgment, the Committee shall consult with a health care professional who has
appropriate training and experience in the field of medicine involved in the medical judgment. The health care professional consulted shall be an individual who is neither an individual who was consulted in connection with the initial denial, nor
the subordinate of any such individual. 
 The decision on review shall be made within forty-five (45) days after the receipt by the
Committee of the request for review. If the Committee determines that an extension to process the appeal is necessary due to special circumstances, the Committee may extend the 45-day response period for up to 45 days by notifying the claimant,
prior to the termination of the initial 45-day period, of the circumstances requiring the extension of time and the date by which it expects to render a decision. If the reason for the extension is the claimant’s failure to provide necessary
information to decide the appeal, the determination period shall be tolled from the date notice of insufficiency is given, until the claimant responds to the notice. 

Any denial of an appeal shall be furnished in writing or electronically. The denial shall inform the claimant of the specific reason or
reasons for the denial, refer to the specific Plan provisions on which the denial is based, state that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other
information relevant to the claim, state the claimant’s right to bring a civil action under Section 502(a) of ERISA, and refer to any specific guidelines that were relied upon in issuing the denial, or state that such guidelines will be
provided to the claimant free of charge upon request. 
 Anything contained herein to the contrary notwithstanding, any claim filed under
the Plan and any action brought in state or federal court by or on behalf of a Participant, a Beneficiary or alternate payee for the alleged wrongful denial of Plan benefits or for the alleged interference with ERISA-protected rights must be brought
within one (1) year of the date of the Participant’s, the Beneficiary’s or alternate payee’s cause of action first accrues. Failure to bring any such cause of action with this one (1) year time frame shall preclude a
Participant, a Beneficiary or alternate payee, or any representative of the Participant, the Beneficiary or alternate payee, from bringing the claim or cause of action. Correspondence or other communications following the mandatory appeals process
described in this Section 10.5 shall have no effect on this one (1) year time frame. 
 8.9 Limitation of Action and Choice of
Venue. Before a claimant may bring a legal action against the Plan, the Company, a Subsidiary, or the Committee, the claimant must first complete all steps of the claims and review procedures contained in Sections 8.7 and 8.8, as

  
 - 16 - 

 
applicable. After completing all steps of the claims and review procedures contained in Sections 8.7 and 8.8 as applicable, a claimant has one (1) year from the date he or she is notified of
the Committee’s final decision to bring such legal action or the right to bring such legal action is lost. Any legal action against the Plan, the Company, a Subsidiary, or the Committee may only be brought in the United States District Court
for the Eastern District of Missouri. 
 8.10 Headings. Headings of Articles and Sections of the Plan are inserted for convenience of
reference. They constitute no part of the Plan. 
 8.11 Compliance with Code Section 409A. No provision of this Plan shall be
operative to the extent that it will result in the imposition of the additional tax described in Code Section 409A(a)(1)(B)(i)(II) because of failure to satisfy the requirements of Code Section 409A and the regulations and guidance issued
thereunder. 
 IN WITNESS WHEREOF, this Plan is executed as of the      day of
            , 2015. 
  

			
	ENERGIZER HOLDINGS, INC. (F/K/A ENERGIZER SPINCO, INC.)
		
	By:		  

		
	Its:		  

  
 - 17 -EXHIBIT 4.1

 

EXECUTION COPY

	 

 

BA MASTER CREDIT CARD TRUST
II

 

SECOND AMENDED AND RESTATED

RECEIVABLES PURCHASE AGREEMENT

 

among

 

BANK OF AMERICA, NATIONAL
ASSOCIATION,

 

BANC
OF AMERICA CONSUMER CARD SERVICES, LLC

 

and

 

BA CREDIT CARD FUNDING,
LLC

 

Dated as of July 8, 2015

	 

 

    	 

    	 

    

 

	 	 	 	 	 	 	 
	TABLE OF CONTENTS
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	 	 	 	 	 	 	 
	ARTICLE I	 	DEFINITIONS	 	3
	 	Section 1.01.	 	 	Definitions	 	3
	 	Section 1.02.	 	 	Rules
    of Construction	 	10
	 	 	 	 	 	 	 
	ARTICLE II	 	PURCHASE
    AND SALE OF RECEIVABLES	 	11
	 	Section 2.01.	 	 	Purchase
    and Sale	 	11
	 	Section 2.03.	 	 	Removal
    and Deletion of Accounts	 	14
	 	 	 	 	 	 	 
	ARTICLE III	 	CONSIDERATION
    AND PAYMENT	 	15
	 	Section 3.01.	 	 	Purchase
    Price	 	15
	 	Section 3.02.	 	 	Adjustments
    to Purchase Price	 	16
	 	Section 3.03.	 	 	Use
    of Name, Logo and Marks	 	16
	 	 	 	 	 	 	 
	ARTICLE IV	 	REPRESENTATIONS
    AND WARRANTIES	 	17
	 	Section 4.01.	 	 	Representations
    and Warranties of BANA Relating to BANA	 	17
	 	Section 4.02. 	 	 	Representations
    and Warranties of BANA Relating to the Agreement and the Receivables	 	18
	 	Section 4.03.	 	 	Representations
    and Warranties of Funding	 	20
	 	 	 	 	 	 	 
	ARTICLE V	 	COVENANTS	 	22
	 	Section 5.01.	 	 	Covenants
    of BANA	 	22
	 	 	 	 	 	 	 
	ARTICLE VI	 	REPURCHASE
    OBLIGATION	 	25
	 	Section 6.01.	 	 	Reassignment
    of Ineligible Receivables	 	25
	 	Section 6.02.	 	 	Reassignment
    of Other Receivables	 	26
	 	 	 	 	 	 	 
	ARTICLE VII	 	CONDITIONS
    PRECEDENT	 	27
	 	Section 7.01.	 	 	Conditions
    to Funding’s Obligation on the Closing Date	 	27
	 	Section 7.02.	 	 	Conditions
    to BANA’s Obligation on the Closing Date	 	27
	 	 	 	 	 	 	 
	ARTICLE VIII	 	TERM
    AND PURCHASE TERMINATION	 	28
	 	Section 8.01.	 	 	Term	 	28
	 	Section 8.02.	 	 	Purchase
    Termination	 	28
	 	 	 	 	 	 	 
	ARTICLE IX	 	MISCELLANEOUS
    PROVISIONS	 	29
	 	Section 9.01.	 	 	Amendment	 	29

 

    	i

    	 

    

  

	 	 	 	 	 	 
	TABLE OF CONTENTS 

    (CONTINUED)
	 	 	 	 	 	Page
	 	 	 	 	 	 
	 	Section 9.02.	 	Governing
    Law	 	29
	 	Section 9.03.	 	Notices	 	29
	 	Section 9.04.	 	Severability	 	30
	 	Section 9.05.	 	Assignment	 	30
	 	Section 9.06.	 	Acknowledgement
    of BANA	 	30
	 	Section 9.07.	 	Further
    Assurances	 	30
	 	Section 9.08.	 	No
    Waiver; Cumulative Remedies	 	30
	 	Section 9.09.	 	Counterparts	 	31
	 	Section 9.10.	 	Binding
    Effect; Third-Party Beneficiaries	 	31
	 	Section 9.11.	 	Merger
    and Integration	 	31
	 	Section 9.12.	 	Headings	 	31
	 	Section 9.13.	 	Schedules,
    Exhibits and Annexes	 	31
	 	Section 9.14.	 	Survival
    of Representations and Warranties	 	31
	 	Section 9.15.	 	Nonpetition
    Covenant	 	31
	 	Section 9.16.	 	Agreements
    Relating to Prior Second Tier Agreements	 	31
	 	Section 9.17.	 	Clarifying
    Items Relating to Prior First Tier Agreements	 	32
	 	Section 9.18.	 	BACCS’
    Assignment of Prior Second Tier Agreements	 	33
	 	Section 9.19.	 	BACCS’s
    Assignment of Rights Under Prior First Tier Agreements	 	33
	 	Section 9.20.	 	Consent
    to the Liquidation of BACCS	 	33
	 	Section 9.21.	 	Amending,
    Restating and Integrating the Second Amended and Restated First Tier Agreement and the Amended and Restated Second Tier Agreement	 	33
	 	 	 	 	 	 
	EXHIBIT A	 	 	 	A-1
	SCHEDULE 1	 	 	 	S-1-1
	ANNEX A	 	 	 	A-A-1

  

    	ii

    	 

    

 

This Second Amended and
Restated Receivables Purchase Agreement (as amended, supplemented or otherwise modified from time to time, this “Agreement”)
is made as of July 8, 2015, among Bank of America, National Association (“BANA”), Banc of America Consumer
Card Services, LLC, a North Carolina limited liability company (“BACCS”), and BA Credit Card Funding, LLC, a
Delaware limited liability company (“Funding”).

 

BACKGROUND

 

Each capitalized term,
except as defined below, is defined in Article I of this Agreement.

 

Prior to October 1,
2014, FIA Card Services, National Association (“FIA”) originated receivables in credit card accounts and contributed
and sold receivables arising in a subset of those accounts and certain other related assets to BACCS under that certain Amended
and Restated Receivables Contribution and Sale Agreement, dated as of October 20, 2006, as amended by the First Amendment
to Amended and Restated Receivables Contribution and Sale Agreement, dated as of November 14, 2006, each by and between FIA
and BACCS (as amended, supplemented or otherwise modified, the “Original First Tier Agreement”).

 

As of October 1,
2014 (the “Merger Date”), FIA merged with and into BANA (such combination, the “Merger”),
with BANA being the surviving entity of such Merger.

 

Since the Merger Date,
BANA (successor by merger to FIA) has originated, and does now continue to originate, receivables in credit card accounts as the
successor by merger to FIA’s credit card business.

 

As of the Merger Date,
BANA and BACCS amended and restated the Original First Tier Agreement by executing the Second Amended and Restated Receivables
Contribution and Sale Agreement, dated as of the Merger Date (as amended, supplemented or otherwise modified, the “Second
Amended and Restated First Tier Agreement”, together with the Original First Tier Agreement, the “Prior First
Tier Agreements” and each, a “Prior First Tier Agreement”) pursuant to which BANA has been selling
to BACCS credit card receivables arising under the credit card accounts identified in the Prior First Tier Agreements and certain
other related assets.

 

Prior to the Merger Date,
BACCS and Funding were each party to that certain Receivables Purchase Agreement, dated as of October 20, 2006 (as amended,
supplemented or otherwise modified, the “Original Receivables Purchase Agreement”), pursuant to which BACCS
sold to Funding credit card receivables arising under the credit card accounts identified in the Original Receivables Purchase
Agreement and certain other related assets.

 

As of the Merger Date,
BACCS and Funding amended and restated the Original Receivables Purchase Agreement by executing the Amended and Restated Receivables
Purchase Agreement, dated as of the Merger Date (as amended, supplemented or otherwise modified, the “Amended and Restated
Second Tier Agreement”, together with the Original Receivables

 

    	1

    	 

    

 

Purchase Agreement, the “Prior Second Tier Agreements”
and each, a “Prior Second Tier Agreement”) pursuant to which BACCS has been selling to Funding Prior RPA Purchased
Assets.

 

As of the close of business
on or about July 17, 2015 (the “BACCS Liquidation Date”), BACCS is expecting to wind up its operations,
distribute its assets to its parent, BANA, pursuant to a liquidating distribution, and cease to exist as an entity.

 

Each of BANA, BACCS and
Funding wishes to acknowledge the expected winding up, liquidation and cessation of BACCS and each of BANA and Funding wishes to
continue the sale of credit card receivables and certain related assets to Funding following the winding up, liquidation and cessation
of BACCS.

 

Due to the fact that
(a) the Prior RPA Purchased Assets sold to Funding by BACCS were originally acquired by BACCS from BANA (or from FIA, BANA’s
predecessor in interest) pursuant to the Prior First Tier Agreements, (b) following the BACCS Liquidation Date, BACCS will
no longer exist and, accordingly, can no longer be a party to the Second Amended and Restated First Tier Agreement or the Amended
and Restated Second Tier Agreement, and (c) each of BANA and Funding desires to continue the sale to Funding of receivables
arising in the Initial Accounts and other assets identified under the Prior First Tier Agreements that were also identified under
the Prior Second Tier Agreements, BANA, BACCS and Funding desire, on the Closing Date, to amend and restate the Second Amended
and Restated First Tier Agreement and the Amended and Restated Second Tier Agreement into a single, integrated document that effectuates
the intention of each party on and after the Closing Date.

 

As of the Closing Date,
BACCS desires to assign all of its right, title and interest in and to and obligations under, each of the Prior Second Tier Agreements
to BANA and BANA desires to accept such right, title and interest and desires to assume such obligations.

 

To accomplish the mutual
desires of the parties, each of BANA, BACCS and Funding desires to enter into this Agreement to (a) continue the sale of receivables
and certain other related assets to Funding pursuant to a single, integrated agreement embodied in this Agreement, (b) assign
all of BACCS’s right, title and interest in and to and obligations of BACCS under, each of the Prior Second Tier Agreements
to BANA, (c) assign all rights created for the benefit of BACCS with respect to Conveyed Assets under the Prior First Tier Agreements
to Funding, and (d) acknowledge and ratify (i) the prior sales and contributions of receivables and related assets from BANA
(and FIA, BANA’s predecessor in interest) to BACCS under the Prior First Tier Agreements and (ii) the prior sales of
Prior RPA Purchased Assets from BACCS to Funding under the Prior Second Tier Agreements.

 

It is the intention of
the parties that under this Agreement, each of BANA and BACCS will (a) confirm that prior to the Closing Date, the applicable
Prior First Tier Agreement in effect at such time governed the sales and contributions of receivables from BANA (or FIA, BANA’s
predecessor in interest) to BACCS, and (b) confirm and ratify all sales, contributions and related actions taken by it (including,
without limitation, the granting of security interests) and obligations incurred by it pursuant to the Prior First Tier Agreements.

 

    	2

    	 

    

 

It is the intention of
the parties that under this Agreement, each of BACCS and Funding will (a) confirm that prior to the Closing Date, the applicable
Prior Second Tier Agreement in effect at such time governed the sales of receivables from BACCS to Funding, and (b) confirm
and ratify all sales and related actions taken by it (including, without limitation, the granting of security interests) and obligations
incurred by it pursuant to the Prior Second Tier Agreements.

 

After the Closing Date,
Funding intends to continue to securitize those receivables and certain other related assets it purchases pursuant to the terms
of this Agreement by transferring them to the MTII Trustee under the Pooling and Servicing Agreement.

 

AGREEMENT

 

In consideration of the
mutual promises in this Agreement and for other valuable consideration, the receipt and adequacy of which are acknowledged, the
parties agree to the following:

 

ARTICLE I

 

DEFINITIONS

 

Section 1.01. Definitions.
The following definitions apply in this Agreement:

 

“Account”
means each Initial Account, each Additional Account, and each Transferred Account. This term includes an Additional Account only
from and after the related Addition Date. This term does not include any Deleted Account. This term does not include any Account
from and after the date on which (i) all of its Receivables have been reassigned to BANA under Section 6.01 or
Section 6.02 or (ii) BANA has, in accordance with subsection 2.01(d), changed its entries in its books
and records or computer files with respect to such Account in connection with the sale of such Account as permitted by subsection
5.01(e).

 

“Account Owner”
means (i) on and after the Merger Date, BANA, (ii) from and including October 20, 2006 to but excluding the Merger Date, FIA, and
(iii) prior to but excluding October 20, 2006, MBNA America Bank, National Association, in each case at the applicable time,
as issuer of the credit card relating to an Account pursuant to a Credit Card Agreement.

 

“Account Schedule”
means a complete schedule of all Accounts that is attached to this Agreement and marked as Schedule 1. The Account
Schedule may take the form of a computer file, a microfiche list, or another tangible medium that is commercially reasonable. The
Account Schedule must identify each Account by account number and by the balance of the Receivables existing in that Account on
the Closing Date (for each Initial Account) or the related Addition Date (for each Additional Account).

 

    	3

    	 

    

 

“Addition Date”
has the meaning, for an Additional Account, set forth in the related Supplemental Conveyance.

 

“Additional
Account” means each VISA,® MasterCard,® or American Express® credit card
account* that is designated as an Account
under Section 2.02 and the related Supplemental Conveyance after the Closing Date and that is identified on the Account
Schedule from and after the related Addition Date.

 

“Affiliate”
means, for any identified Person, any other Person that (a) is an affiliate or insider of that identified Person, (b) controls
that identified Person, (c) is controlled by that identified Person, or (d) is under common control with that identified
Person.

 

“Agreement”
has the meaning set forth in the first paragraph of this document.

 

“Amended and
Restated Pooling and Servicing Agreement” means the Amended and Restated Pooling and Servicing Agreement, dated as of
June 10, 2006, between FIA and the MTII Trustee, as the same may be amended, supplemented or otherwise modified.

 

“Amended and
Restated Second Tier Agreement” has the meaning set forth above under the heading “Background”.

 

“Annual Membership
Fee” means an annual membership fee or similar fee that is charged to an Account under the related Credit Card Agreement.

 

“BACCS”
has the meaning set forth in the first paragraph of this Agreement.

 

“BACCS Liquidation
Date” has the meaning set forth above under the heading “Background”.

 

“BANA”
has the meaning set forth in the first paragraph of this Agreement.

 

“Business Day”
means any day other than a Saturday, a Sunday, or a day on which banks in New York, New York, Charlotte, North Carolina,
or Newark, Delaware, are authorized or obligated by law or executive order to be closed.

 

“Cash Advance
Fee” means a cash advance fee or similar fee that is charged to an Account under the related Credit Card Agreement.

 

“Closing Date”
means the close of business on July 8, 2015.

 

“Collection
Account” has the meaning set forth in the Pooling and Servicing Agreement.

  

 

* VISA,
MasterCard, and American Express are registered trademarks of Visa International Service Association, MasterCard International
Incorporated, and American Express Company, respectively.

  

    	4

    	 

    

 

“Collections”
means all payments on Receivables in the form of cash, checks, wire transfers, electronic transfers, ATM transfers, or any other
form of payment. This term includes Recoveries and Insurance Proceeds.

 

“Conveyed Assets”
has the meaning set forth in Annex A.

 

“Credit Card
Agreement” means, for any VISA,® MasterCard,® or American Express® credit
card account, the agreement (including any related statement under the Truth in Lending Act) between the applicable Account Owner
and the related Obligor governing that account.

 

“Credit Card
Guidelines” means the applicable Account Owner’s policies and procedures (a) relating to the operation of
its credit card business, including its policies and procedures for determining the creditworthiness of credit card customers and
for extending credit to credit card customers, and (b) relating to its maintenance of credit card accounts and its collection
of credit card receivables.

 

“Debtor Relief
Laws” means (a) the United States Bankruptcy Code, (b) the Federal Deposit Insurance Act, and (c) all
other insolvency, bankruptcy, conservatorship, receivership, liquidation, reorganization, or other debtor relief laws affecting
the rights of creditors generally or the rights of creditors of banks.

 

“Defaulted Account”
means any Account containing only Receivables that have been charged off as uncollectible under the Credit Card Guidelines and
the Servicer’s customary and usual procedures for servicing credit card accounts. An Account becomes a Defaulted Account
on the date on which all of its Receivables are recorded as charged-off on the Servicer’s master computer file of credit
card accounts.

 

“Deleted Account”
means any Removed Account containing no Receivables that are owned by Funding. A Removed Account becomes a Deleted Account on the
date on which all of its Receivables that are owned by Funding have been paid.

 

“Draft Fee”
means a draft fee or similar fee that is charged to an Account under the related Credit Card Agreement.

 

“Eligible Account”
means any VISA,® MasterCard,® or American Express® credit card account for which each
of the following requirements is satisfied as of the date of its designation under the applicable Pooling and Servicing Agreement,
in the case of any Initial Account, or as of the related Addition Date, in the case of any Additional Account:

 

(a) it
exists and is maintained by the applicable Account Owner;

 

(b)  its
Receivables are payable in United States dollars;

 

(c)  the
related Obligor’s most recent billing address is located in the United States or its territories or possessions;

 

    	5

    	 

    

 

(d)  it
is not classified on the applicable Account Owner’s electronic records as counterfeit, cancelled, fraudulent, stolen, or
lost; and

 

(e)  all
of its Receivables have not been charged off as uncollectible under the applicable Account Owner’s customary and usual procedures
for servicing credit card accounts.

 

“Eligible Receivable”
means any Receivable for which each of the following requirements is satisfied as of the applicable time:

 

(a) it
arises in an Eligible Account;

 

(b) 
it is created, in all material respects, in compliance with all Requirements of Law applicable to the applicable Account Owner,
and it is created under a Credit Card Agreement that complies, in all material respects, with all Requirements of Law applicable
to the applicable Account Owner;

 

(c) all
consents, licenses, approvals, or authorizations of, or registrations or declarations with, any Governmental Authority that are
required for its creation or the execution, delivery, or performance of the related Credit Card Agreement have been obtained or
made by the applicable Account Owner and are fully effective;

 

(d) 
immediately prior to it being sold to Funding, BANA has good and marketable title to it free and clear of all Liens arising through
or under BANA or any of its Affiliates other than Funding, except for any Lien for municipal or other local taxes if those taxes
are currently not due or if the applicable Account Owner or BANA is currently in good faith contesting those taxes in appropriate
proceedings and has set aside adequate reserves for those contested taxes;

 

(e) 
it is the legal, valid, and binding payment obligation of the related Obligor and is enforceable against that Obligor in accordance
with its terms, except as enforceability may be limited by Debtor Relief Laws or general principles of equity; and

 

(f) 
it is an account under Article 9 of the Delaware UCC.

 

“FIA”
has the meaning set forth above under the heading “Background.”

 

“Finance Charge
Receivable” means any Receivable that is a Periodic Finance Charge, a Cash Advance Fee, a Late Fee, an Annual Membership
Fee, a Draft Fee, a Service Transaction Fee, or a similar fee or charge, including a charge for credit insurance.

 

“Funding”
has the meaning set forth in the first paragraph of this Agreement.

 

“Governmental
Authority” means the United States of America or any individual State, any political subdivision of the United States
of America or any individual State, or any

 

    	6

    	 

    

 

other entity exercising executive, legislative, judicial, regulatory, or administrative
functions of or pertaining to government.

 

“Initial Account”
means each VISA,® MasterCard,® or American Express® credit card account that was designated
prior to the Closing Date as an Account under the Pooling and Servicing Agreement and that is identified on the Account Schedule
as an Account from and after the Closing Date.

 

“Insolvency
Event” has the meaning set forth in Section 8.02.

 

“Insurance Proceeds”
means, for any Receivable, all amounts recovered on that Receivable under a credit insurance policy covering the related Obligor.

 

“Interchange”
means all interchange fees and issuer rate fees payable to the applicable Account Owner, in its capacity as credit card issuer,
through VISA USA, Inc., MasterCard International Incorporated, American Express Company, or any other similar entity in connection
with cardholder charges for goods or services with respect to the Receivables, the amount of which shall be calculated
as provided in subsection 5.01(f).

 

“Late Fee”
means a late fee or similar fee that is charged to an Account under the related Credit Card Agreement.

 

“Lien”
means any security interest, lien, mortgage, deed of trust, pledge, hypothecation, encumbrance, assignment, participation interest,
equity interest, deposit arrangement, preference, priority, or other security or preferential arrangement of any kind or nature.
This term includes any conditional sale or other title retention arrangement and any financing lease having substantially the same
economic effect as any security or preferential arrangement. This term does not include any security interest or other lien created
under the Pooling and Servicing Agreement, any Prior First Tier Agreement, any Prior Second Tier Agreement or this Agreement.

 

“MBNA”
means MBNA America Bank, National Association.

 

“Merger”
has the meaning set forth above under the heading “Background”.

 

“Merger Date”
has the meaning set forth above under the heading “Background”.

 

“Monthly Period”
shall mean the period from and including the first day of a calendar month to and including the last day of such calendar month.

 

“MTII”
means the BA Master Credit Card Trust II.

 

“MTII Trustee”
means The Bank of New York Mellon, as trustee of MTII.

 

    	7

    	 

    

 

“Obligor”
means, for any VISA,® MasterCard,® or American Express® credit card account, any Person
obligated to make payments on receivables in that account. This term includes any guarantor but excludes any merchant.

 

“Officer’s
Certificate” means a certificate delivered to Funding and signed by any Vice President or more senior officer of BANA.

 

“Original Pooling
and Servicing Agreement” means the Pooling and Servicing Agreement, dated as of August 4, 1994, among MBNA, as seller
and servicer and The Bank of New York, as trustee, as amended, supplemented or otherwise modified.

 

“Original First
Tier Agreement” has the meaning set forth above under the heading “Background”.

 

“Original Receivables
Purchase Agreement” has the meaning set forth above under the heading “Background”.

 

“Periodic Finance
Charge” means a finance charge determined by periodic rate or similar charge that is charged to an Account under the
related Credit Card Agreement.

 

“Person”
means any person or entity of any nature. This term includes any individual, corporation, limited liability company, partnership,
limited partnership, limited liability partnership, joint venture, association, joint-stock company, trust, unincorporated organization,
or Governmental Authority.

 

“Pool Index
File” shall mean the file on BANA’s computer system that identifies the Accounts.

 

“Pooling and
Servicing Agreement” means, as applicable, (i) the Original Pooling and Servicing Agreement, (ii) the Amended
and Restated Pooling and Servicing Agreement, (iii) the Second Amended and Restated Pooling and Servicing Agreement,
and (iv) the Third Amended and Restated Pooling and Servicing Agreement.

 

“Principal Receivable”
means any Receivable other than a Finance Charge Receivable. In calculating the aggregate amount of Principal Receivables in an
Account on any date, the gross amount of Principal Receivables in the Account on that date must be reduced by the aggregate amount
of credit balances in the Account on that date.

 

“Prior First
Tier Agreement” has the meaning set forth above under the heading “Background”.

 

“Prior First
Tier Agreements” has the meaning set forth above under the heading “Background”.

 

“Prior RPA Purchased
Assets” has the meaning set forth in Annex A.

 

    	8

    	 

    

 

“Prior Second
Tier Agreement” has the meaning set forth above under the heading “Background”.

 

“Prior Second
Tier Agreements” has the meaning set forth above under the heading “Background”.

 

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

 

“Purchase Price
Adjustment” has the meaning set forth in subsection 3.02(a).

 

“Purchase Price
Payment Date” has the meaning set forth in subsection 3.01(c).

 

“Purchased Assets”
has the meaning set forth in subsection 2.01(a).

 

“Rating Agency”
means each nationally-recognized statistical rating organization that is selected by Funding to rate any security issued by MTII.

 

“Receivable”
means any amount payable on an Account by the related Obligors. This term includes Principal Receivables and Finance Charge Receivables.

 

“Recoveries”
means amounts recovered in respect of Receivables that have previously been charged off as uncollectible; provided that if any
amount so recovered relates to both Receivables that have previously been charged off as uncollectible and other receivables, and
if it cannot be determined with objective certainty whether such amount relates to Receivables that have previously been charged
off as uncollectible or other receivables, the term Recoveries shall mean the amount reasonably estimated by the applicable Account
Owner as having been recovered in respect of Receivables that have previously been charged off as uncollectible; and provided further
that if BANA and Funding cannot determine whether a recovered amount relates to a Receivable that was sold to Funding or to a receivable
that has not been sold to Funding, this term means the amount reasonably estimated by BANA and Funding as having been recovered
on the Receivable that was sold to Funding.

 

“Removed Account”
means any Account that has been identified as a Removed Account (as defined in the Pooling and Servicing Agreement) by the Servicer
to BANA and Funding.

 

“Requirements
of Law” means, for any Person, (a) any certificate of incorporation, certificate of formation, articles of association,
bylaws, limited liability company agreement, or other organizational or governing documents of that Person and (b) any law,
treaty, statute, regulation, or rule, or any determination by a Governmental Authority or arbitrator, that is applicable to or
binding on that Person or to which that Person is subject. This term includes usury laws, the Truth in Lending Act, and Regulation Z
and Regulation B of the Board of Governors of the Federal Reserve System.

 

“Second Amended
and Restated First Tier Agreement” has the meaning set forth above under the heading “Background”.

 

    	9

    	 

    

 

“Second Amended
and Restated Pooling and Servicing Agreement” means the Second Amended and Restated Pooling and Servicing Agreement,
dated as of October 20, 2006, among Funding, FIA, as servicer, and the MTII Trustee, as amended, supplemented or otherwise
modified from time to time.

 

“Service Transaction
Fee” means a service transaction fee or similar fee that is charged to an Account under the related Credit Card Agreement.

 

“Servicer”
means the Person acting as Servicer under the Pooling and Servicing Agreement.

 

“Stop Date”
has the meaning set forth in subsection 2.03(a).

 

“Supplemental
Conveyance” has the meaning set forth in subsection 2.02(b).

 

“Third Amended
and Restated Pooling and Servicing Agreement” means the Third Amended and Restated Pooling and Servicing Agreement, dated
as of October 1, 2014, among the Servicer, Funding, and the MTII Trustee, as amended, supplemented, otherwise modified or
amended and restated from time to time.

 

“Transfer Restriction
Event” means any event that prevents BANA from selling Receivables to Funding under this Agreement. This term includes
any Insolvency Event or any order of a Governmental Authority that has this effect.

 

“Transferred
Account” means any VISA,® MasterCard,® or American Express® credit card
account (a) into which all of the Receivables in an Account are transferred because the related credit card was lost or stolen
or the related credit card program was changed, if the Credit Card Guidelines do not require a new application or credit evaluation,
and (b) that can be traced or identified by reference to the Account Schedule and the computer or other records of the Servicer.

 

“UCC”
means the Uniform Commercial Code of the applicable jurisdiction.

 

Section 1.02. Rules
of Construction. The term “include” introduces a nonexhaustive list. The canon of ejusdem generis may be
applied only in the context of this Agreement’s purpose and not merely in the context of a particular phrase. A reference
to any law is to that law as amended or supplemented to the applicable time. A reference to any agreement, document, policy, or
procedure is to that agreement, document, policy, or procedure as amended or supplemented to the applicable time. A reference to
any Person includes that Person’s successors and permitted assigns. Wherever from the context it appears appropriate, each
term defined in either the singular or the plural form incorporates both the singular and the plural form of such term.

 

[END OF ARTICLE I]

 

    	10

    	 

    

 

ARTICLE II

 

PURCHASE AND SALE OF RECEIVABLES

 

 Section 2.01. Purchase
and Sale.

 

(a) In consideration
of Funding’s payment of each related Purchase Price, BANA hereby sells and assigns to Funding, without recourse, all of BANA’s
right, title and interest in, to, and under (i) the Receivables arising on and after the Closing Date in each Initial Account
(including any related Transferred Account), and the Receivables existing on the related Addition Date and arising after that Addition
Date in each Additional Account (including any related Transferred Account), (ii) all Interchange, Insurance Proceeds, and
Recoveries allocable to the Receivables, (iii) all Collections on the Receivables, (iv) any interest BANA may be deemed
to have in any Prior RPA Purchased Asset sold by BACCS to Funding pursuant to any Prior Second Tier Agreement, including, without
limitation, all Receivables arising before the Closing Date in each Initial Account (including any related Transferred Account),
and (v) all proceeds of any of the foregoing property (collectively, the “Purchased Assets”). Funding hereby
accepts the Purchased Assets sold under this Agreement and reaffirms and ratifies its acceptance of all Prior RPA Purchased Assets
purchased by it under each Prior Second Tier Agreement.

 

(b) Principal
Receivables in each Initial Account that arise on the Closing Date, and the related Finance Charge Receivables and other related
Purchased Assets, are sold by BANA and purchased by Funding on the Closing Date. Principal Receivables in each Initial Account
that arise after the Closing Date, and the related Finance Charge Receivables and other related Purchased Assets, are sold by BANA
and purchased by Funding on the date on which those Principal Receivables arise. Principal Receivables in each Additional Account
that exist on the related Addition Date, and the related Finance Charge Receivables and other related Purchased Assets, are sold
by BANA and purchased by Funding on that Addition Date. Principal Receivables in each Additional Account that arise after the related
Addition Date, and the related Finance Charge Receivables and other related Purchased Assets, are sold by BANA and purchased by
Funding on the date on which those Principal Receivables arise.

 

(c) (i) BANA
does hereby authorize and shall deliver and file all financing statements, amendments of financing statements, and continuation
statements that are necessary or appropriate to perfect, or to maintain the perfection of, BANA’s sale of the Purchased Assets
to Funding. These financing statements, amendments of financing statements, and continuation statements must name the seller of
the Purchased Assets, BANA, as debtor, The Bank of New York Mellon, as the MTII Trustee, as secured party, and the buyer of the
Purchased Assets, Funding, as assignor secured party. BANA must deliver to Funding a file-stamped copy of each of these financing
statements, amendments of financing statements, and continuation statements as soon as practicable after filing. All acts required
of BANA in this paragraph must be taken at BANA’s own expense.

 

    	11

    	 

    

 

(ii) BANA does
hereby authorize and shall deliver and file all financing statements, amendments of financing statements, and continuation statements
that are necessary or appropriate to perfect, or to maintain the perfection of BANA’s sale of any Conveyed Assets under the
Prior First Tier Agreements, to the extent such Conveyed Assets relate to the Accounts identified in this Agreement. These financing
statements, amendments of financing statements, and continuation statements must, individually or collectively, name the seller
of the Conveyed Assets, BANA, as debtor, The Bank of New York Mellon, as the MTII Trustee, as secured party and the buyer of the
Conveyed Assets, Funding, as assignor secured party. BANA must deliver to Funding a file-stamped copy of each of these financing
statements, amendments of financing statements, and continuation statements as soon as practicable after filing. All acts required
of BANA in this paragraph must be taken at BANA’s own expense.

 

(iii) BACCS and
Funding do hereby authorize and BACCS shall (on the Closing Date) deliver and file all financing statements, amendments of financing
statements, and continuation statements that are necessary or appropriate to perfect, or to maintain the perfection of the sale
to Funding of the Prior RPA Purchased Assets under the Prior Second Tier Agreements. These financing statements, amendments of
financing statements, and continuation statements must, individually or collectively, name each of the sellers of the Prior RPA
Purchased Assets, as debtors, and the buyer of the Prior RPA Purchased Assets, Funding, as secured party. BANA must deliver to
Funding a file-stamped copy of each of these financing statements, amendments of financing statements, and continuation statements
as soon as practicable after filing. All acts required of BACCS or BANA in this paragraph must be taken at BANA’s expense.

 

(d) On or prior to
the Closing Date, BANA must mark its books, records, and computer files to make clear that the Receivables arising in the Initial
Accounts and the related Purchased Assets and the Prior RPA Purchased Assets have been sold to Funding under this Agreement and
the Prior Second Tier Agreements, as applicable, and transferred to the MTII Trustee under the Pooling and Servicing Agreement.
On or prior to each Addition Date, BANA must mark its books, records, and computer files to make clear that the Receivables arising
in the related Additional Accounts and the related Purchased Assets have been sold to Funding under this Agreement and transferred
to the MTII Trustee under the Pooling and Servicing Agreement. When a Transferred Account is created, BANA must mark its books,
records, and computer files to make clear that the Receivables arising in that Transferred Account and the related Purchased Assets
and Prior RPA Purchased Assets have been sold to Funding under this Agreement and the Prior Second Tier Agreements, as applicable,
and transferred to the MTII Trustee under the Pooling and Servicing Agreement. In connection with such marking of its books, records
and computer files, BANA shall also identify all such Accounts in the Pool Index File with the designation “1994-MT”.
BANA may not change any of these markings or entries in its books, records, or computer files or designation identifying any Account
in the Pool Index File, in each case relating to an Account unless and until (i) that Account becomes a Deleted Account or
(ii) BANA has taken all actions that are necessary or appropriate to maintain the perfection and the priority of Funding’s
ownership interest in the related Purchased Assets and the Prior RPA Purchased Assets. All acts required of BANA in this paragraph
must be taken at BANA’s own expense.

 

    	12

    	 

    

 

(e) On or prior to
the Closing Date, BANA must deliver to Funding the initial Account Schedule (which initial Account Schedule may omit the balance
of the Receivables existing in each Account on the Closing Date). Not later than three Business Days following the Closing Date,
BANA must deliver to Funding an updated Account Schedule (which identifies any Transferred Accounts that were created during the
intervening period). On or prior to each Addition Date, BANA must deliver to Funding an Account Schedule that identifies the related
Additional Accounts (which Account Schedule may omit the balance of the Receivables existing in each Additional Account on the
related Addition Date). Not later than three Business Days following the related Addition Date, BANA must deliver to Funding an
updated Account Schedule (which identifies any Transferred Accounts that were created during the intervening period). Promptly
after a request from Funding, and at least once every two months regardless of whether a request is made by Funding, BANA must
deliver to Funding an updated Account Schedule that identifies all Transferred Accounts that were created during the applicable
period. All acts required of BANA in this paragraph must be taken at BANA’s own expense.

 

(f) The parties intend
that the transfer of the Purchased Assets by BANA to Funding be an absolute sale and not a secured borrowing, including under generally
accepted accounting principles in effect before November 15, 2009. If the transaction under this Agreement were determined to be
a loan rather than an absolute sale despite this intent of the parties, then this Agreement shall constitute a security agreement
under applicable law, and BANA shall be deemed to have granted, and does hereby grant to Funding a first priority security interest
in all of BANA’s right, title, and interest, whether now owned or hereafter acquired, in, to, and under the Purchased Assets
to secure BANA’s obligations under this Agreement. This grant is a protective measure and must not be construed as evidence
of any intent contrary to the one expressed in this paragraph.

 

Section 2.02. Addition
of Accounts.

 

(a) Funding may be
obligated to designate additional accounts under subsection 2.06(a) of the Pooling and Servicing Agreement or may elect
to designate additional accounts under subsection 2.06(b) of the Pooling and Servicing Agreement. In either case, Funding
may require that BANA designate Additional Accounts under this Agreement to enable Funding to satisfy that obligation or election.
Funding must give BANA notice of this requirement to designate Additional Accounts under this Agreement at least four Business
Days prior to the related Addition Date. If BANA fails to designate Additional Accounts in compliance with that notice only because
sufficient credit card accounts are not available to BANA, that failure will not be a breach of this Agreement.

 

(b) On each Addition
Date, the related Additional Accounts will become Accounts if the following conditions have been satisfied:

 

(i) on
or prior to that Addition Date, BANA must have filed all financing statements, amendments of financing statements, and continuation
statements that are required under subsection 2.01(c);

 

    	13

    	 

    

 

(ii) on
or prior to that Addition Date, BANA must have marked its books, records, and computer files to make clear that the Receivables
arising in those Additional Accounts and the related Purchased Assets have been sold to Funding under this Agreement and transferred
to the MTII Trustee under the Pooling and Servicing Agreement;

 

(iii) on
or prior to that Addition Date, BANA must have delivered to Funding an updated Account Schedule that identifies those Additional
Accounts;

 

(iv) on
that Addition Date, BANA must have delivered to Funding an Officer’s Certificate of BANA, dated that Addition Date, certifying
that the applicable representations and warranties described in Sections 4.01 and 4.02 are true and correct;
and

 

(v) on
that Addition Date, BANA and Funding must have executed a written assignment covering the related Purchased Assets, substantially
in the form of Exhibit A (the “Supplemental Conveyance”).

 

Section 2.03. Removal
and Deletion of Accounts.

 

(a) On the Business
Day (the “Stop Date”) following the date on which an Account becomes a Removed Account, BANA must stop selling
to Funding new Principal Receivables arising in that Account. Notwithstanding the preceding sentence, Funding will continue to
own all Principal Receivables that were sold to Funding prior to the Stop Date, all Collections on those Principal Receivables,
all Finance Charge Receivables that accrue on those Principal Receivables regardless of when they arise, and all Collections on
those Finance Charge Receivables. If BANA and Funding cannot determine whether collections relate to a Receivable that was sold
to Funding or to a receivable that has not been sold to Funding, BANA and Funding must allocate payments on the related Removed
Account proportionately based on the total amount of Principal Receivables in that Removed Account then owned by Funding and the
total amount of principal receivables in that Removed Account then owned by BANA or the applicable Account Owner.

 

(b) From and after
the Stop Date for a Removed Account, BANA may mark its books, records, and computer files to make clear that the Account is a Removed
Account. But BANA must not change the entries described in subsection 2.01(d) relating to that Removed Account or delete
that Removed Account from the Account Schedule unless and until that Removed Account becomes a Deleted Account or BANA has taken
all actions that are necessary or appropriate to maintain the perfection and the priority of Funding’s ownership interest
in the related Purchased Assets.

 

(c) Once a Removed
Account becomes a Deleted Account, BANA promptly must mark its books, records, and computer files to make clear that the Account
is a Deleted Account and must delete that Deleted Account from the Account Schedule.

 

[END OF ARTICLE II]

 

    	14

    	 

    

 

ARTICLE III

 

CONSIDERATION AND PAYMENT

 

Section 3.01. Purchase
Price.

 

(a)  Funding must
pay to BANA each purchase price described in this Article III (a “Purchase Price”) in return for the related
Purchased Assets. Notwithstanding any other provision of this Agreement, BANA is not obligated to sell Principal Receivables, and
the related Finance Charge Receivables and other Purchased Assets, to Funding to the extent that Funding does not pay BANA the
related Purchase Price.

 

(b) [Reserved]

 

(c) The Purchase Price
for the Principal Receivables in each Initial Account that arise on or after the Closing Date, and the related Finance Charge Receivables
and other Purchased Assets, is an amount equal to 100% of the aggregate balance of those Principal Receivables, adjusted to reflect
the factors that BANA and Funding mutually determine will result in a Purchase Price that is equal to the fair market value of
those Principal Receivables and the related Finance Charge Receivables and other Purchased Assets. This Purchase Price is payable
by Funding to BANA in immediately available funds on each date (a “Purchase Price Payment Date”) mutually selected
by BANA and Funding, but the Purchase Price Payment Date for any Principal Receivable and the related Finance Charge Receivables
and other Purchased Assets must not be later than the fifth Business Day following the calendar month in which that Principal Receivable
arises.

 

(d) The Purchase Price
for the Principal Receivables in each Additional Account that exist on the related Addition Date, and the related Finance Charge
Receivables and other Purchased Assets, is an amount equal to 100% of the aggregate balance of those Principal Receivables and
the Finance Charge Receivables existing in that Additional Account on that Addition Date, adjusted to reflect the factors that
BANA and Funding mutually determine will result in a Purchase Price that is equal to the fair market value of those Principal Receivables
and the related Finance Charge Receivables and other Purchased Assets. This Purchase Price is payable by Funding to BANA in immediately
available funds on that Addition Date.

 

(e)  The Purchase
Price for the Principal Receivables in each Additional Account that arise after the related Addition Date, and the related Finance
Charge Receivables and other Purchased Assets, is an amount equal to 100% of the aggregate balance of those Principal Receivables,
adjusted to reflect the factors that BANA and Funding mutually determine will result in a Purchase Price that is equal to the fair
market value of those Principal Receivables and the related Finance Charge Receivables and other Purchased Assets. This Purchase
Price is payable by Funding to BANA in immediately available funds on the related Purchase Price Payment Date, but the Purchase
Price Payment Date for any Principal Receivable and the related 

 

    	15

    	 

    

 

Finance
Charge Receivables and other Purchased Assets must not be later than the fifth Business Day following the calendar month in which
that Principal Receivable arises. 

 

(f) No determination
of fair market value under this Section 3.01 can assume any purchase by Funding of Principal Receivables arising in
the future or the related Finance Charge Receivables and other Purchased Assets.

 

Section 3.02. Adjustments
to Purchase Price.

 

(a) The Purchase Price
payable on any Purchase Price Payment Date will be reduced (a “Purchase Price Adjustment”) if, since the immediately
preceding Purchase Price Payment Date, a Principal Receivable previously sold to Funding has been reduced by BANA, BACCS, or the
Servicer because of a rebate, refund, unauthorized charge, or billing error to the related Obligors. The amount of that Purchase
Price Adjustment is equal to the amount by which that Principal Receivable has been reduced. A Purchase Price Adjustment must not
be made for a rebate, refund, unauthorized charge, or billing error that is caused by the Servicer’s breach of its obligations
under the Pooling and Servicing Agreement.

 

(b) If a Purchase
Price Adjustment causes the Purchase Price to be a negative number, BANA must pay to Funding in immediately available funds on
the related Purchase Price Payment Date an amount equal to the amount by which the Purchase Price Adjustment exceeds the unadjusted
Purchase Price. If that Purchase Price Adjustment also requires Funding to credit funds to the Collection Account under subsection 4.03(c)(i)
of the Pooling and Servicing Agreement, the date by which Funding is required to do so must be a Purchase Price Payment Date.

 

Section 3.03. Use
of Name, Logo and Marks. To the extent of its interest, BANA hereby grants to Funding a non-exclusive license to use the name
“MBNA,” “FIA,” “BANA,” “Bank of America,” and all related identifying trade or
service marks, signs, symbols, logos, and designs but only for use in servicing the Receivables and only for use in a manner that
is consistent with the guidelines provided by BANA to Funding from time to time. Further, to the extent of its interest, BANA hereby
grants to Funding a non-exclusive license to use all related servicing software but only for use in servicing the Receivables and
only for use in a manner that is consistent with the guidelines provided by BANA to Funding from time to time. And further, to
the extent of its interest, BANA hereby grants to Funding a non-exclusive license to use all related customer lists and other intangibles
but only for use in servicing the Receivables and only for use in a manner that is consistent with the guidelines provided by BANA
to Funding from time to time. These licenses are co-extensive with the term of this Agreement and, subject to their limitations,
may be assigned to any servicer engaged by Funding in a securitization of the Receivables.

 

[END OF ARTICLE III]

 

    	16

    	 

    

 

ARTICLE IV

 

REPRESENTATIONS AND WARRANTIES

 

Section 4.01. Representations
and Warranties of BANA Relating to BANA.

 

(a) On the Closing Date
and each Addition Date, BANA represents and warrants to Funding as follows:

 

(i)  BANA
is a duly organized national banking association validly existing under the laws of the United States of America and has, in all
material respects, full power and authority to own its assets and operate its business as presently owned or operated, and to execute,
deliver, and perform its obligations under this Agreement. BANA is not organized under the laws of any other jurisdiction.

 

(ii) 
BANA is duly qualified to do business and is in good standing (or is exempt from such requirements) as a foreign corporation or
foreign limited liability company and has obtained all necessary licenses and approvals, in each jurisdiction in which failure
to so qualify or to obtain such licenses and approvals would have a material adverse effect on BANA or the transactions contemplated
by, or its ability to perform its obligations under, this Agreement.

 

(iii) BANA
has duly authorized, by all necessary action, its execution and delivery of this Agreement and any related Supplemental Conveyance
and its consummation of the transactions contemplated by this Agreement and any related Supplemental Conveyance.

 

(iv) 
BANA’s execution and delivery of this Agreement and any related Supplemental Conveyance, its performance of the transactions
contemplated by this Agreement and any related Supplemental Conveyance, and its fulfillment of the terms of this Agreement and
any related Supplemental Conveyance do not conflict with, breach any material term of, or cause a material default under (with
or without notice or lapse of time or both) any indenture, contract, agreement, mortgage, deed of trust, or other instrument to
which BANA is a party or by which BANA or any of its properties are bound.

 

(v)  BANA’s
execution and delivery of this Agreement and any related Supplemental Conveyance, its performance of the transactions contemplated
by this Agreement and any related Supplemental Conveyance, and its fulfillment of the terms of this Agreement and any related Supplemental
Conveyance do not conflict with or violate any Requirement of Law applicable to BANA.

 

(vi) No proceeding
or investigation against BANA is pending or, to the best of BANA’s knowledge, threatened before any Governmental Authority
that (A) asserts that

 

    	17

    	 

    

 

this Agreement or any related Supplemental Conveyance is invalid, (B) seeks to prevent the consummation
of any transaction contemplated by this Agreement or any related Supplemental Conveyance, (C) seeks any determination or ruling
that, in BANA’s reasonable judgment, would materially and adversely affect BANA’s performance under this Agreement
or any related Supplemental Conveyance, or (D) seeks any determination or ruling that would materially and adversely affect
the validity or enforceability of this Agreement or any related Supplemental Conveyance.

 

(vii) BANA
has obtained all approvals, authorizations, licenses, consents, and orders required of any Person in connection with BANA’s
execution and delivery of this Agreement and any related Supplemental Conveyance, its performance of the transactions contemplated
by this Agreement and any related Supplemental Conveyance, and its fulfillment of the terms of this Agreement and any related Supplemental
Conveyance.

 

(viii) No
Insolvency Event relating to BANA has occurred and is continuing.

 

(b) The representations
and warranties set forth in this Section 4.01 will survive the sale of the Purchased Assets to Funding. If BANA or
Funding discovers a breach of any of these representations and warranties, the party discovering that breach must give prompt notice
to the other party and the MTII Trustee.

 

Section 4.02. Representations
and Warranties of BANA Relating to the Agreement and the Receivables.

 

(a)  On the Closing
Date, in the case of any Initial Account and the related Receivables, and on each Addition Date, in the case of any related Additional
Account and the related Receivables, BANA represents and warrants to Funding as follows:

 

(i)  This
Agreement and any related Supplemental Conveyance are legal, valid, and binding obligations of BANA and are enforceable against
BANA in accordance with their terms, except as enforceability may be limited by Debtor Relief Laws or general principles of equity.

 

(ii) 
This Agreement and any related Supplemental Conveyance effect a valid sale to Funding of the related Receivables, and that sale
is perfected under the UCC.

 

(iii) BANA
has not used any selection procedure adverse to the interests of Funding or its transferees in selecting the related Accounts.

 

(iv) 
Each related Receivable arising on the Closing Date, in the case of any Initial Account, or existing as of the related Addition
Date, in the case of any Additional Account, is sold to Funding free and clear of any Lien arising through or under BANA or any
of its Affiliates other than Funding, except for any Lien for municipal or other local taxes if those taxes are currently not
due or if the applicable Account Owner or BANA is

 

    	18

    	 

    

 

currently
in good faith contesting those taxes in appropriate proceedings and has set aside adequate reserves for those contested taxes.

 

(v) 
Each related Receivable arising after the Closing Date, in the case of any Initial Account, or after the related Addition
Date, in the case of any Additional Account, is sold to Funding free and clear of any Lien arising through or under BANA or
any of its Affiliates other than Funding, except for any Lien for municipal or other local taxes if those taxes are currently
not due or if the applicable Account Owner or BANA is currently in good faith contesting those taxes in appropriate
proceedings and has set aside adequate reserves for those contested taxes.

 

(vi) BANA’s
sale to Funding of each related Receivable arising on the Closing Date, in the case of any Initial Account, or existing on the
related Addition Date, in the case of any Additional Account, complies in all material respects with all Requirements of Law applicable
to BANA or the applicable Account Owner.

 

(vii) BANA’s
sale to Funding of each related Receivable arising after the Closing Date, in the case of any Initial Account, or after the related
Addition Date, in the case of any Additional Account, complies in all material respects with all Requirements of Law applicable
to BANA or the applicable Account Owner.

 

(viii) All
consents, licenses, approvals, or authorizations of, or registrations or declarations with, any Governmental Authority that are
required in connection with BANA’s sale of each related Receivable to Funding have been obtained or made by BANA and are
fully effective.

 

(ix) 
On that date, the Account Schedule identifies all of the existing Accounts.

 

(x)  As
of the date of its designation under the Pooling and Servicing Agreement, in the case of any Initial Account, or as of the related
Addition Date, in the case of any Additional Account, the related Account is an Eligible Account.

 

(xi) As of
(1) the Closing Date, in the case of the Initial Accounts, each Receivable arising in that Account on the Closing Date is
an Eligible Receivable and (2) the related Addition Date, in the case of any Additional Account, each Receivable existing
in that Account is an Eligible Receivable.

 

(xii) On
any date after the Closing Date, in the case of any Initial Account, or after the related Addition Date, in the case of any Additional
Account, on which any new Receivable is created, that Receivable is an Eligible Receivable.

 

(b) The representations
and warranties set forth in this Section 4.02 will survive the sale of the Purchased Assets to Funding. If BANA or
Funding discovers a breach of any of these representations and warranties, the party discovering that breach must give prompt notice
to the other party and the MTII Trustee. BANA acknowledges that Funding will rely on

 

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these representations and warranties in making
its own representations and warranties to its transferees, including the MTII Trustee, and BANA consents to that reliance.

 

Section 4.03. Representations
and Warranties of Funding.

 

(a) On the Closing
Date and each Addition Date, Funding represents and warrants to BANA as follows:

 

(i) Funding
is a limited liability company duly formed and validly existing in good standing under the laws of the State of Delaware. Funding
has full power and authority, in all material respects, to own its properties as currently owned, to conduct its business as currently
conducted, and to execute, deliver, and perform its obligations under this Agreement.

 

(ii) In all material respects, in each jurisdiction in which the conduct of its business requires, Funding is duly qualified to do business,
is in good standing, and has all necessary licenses and approvals.

 

(iii) Funding
has duly authorized, by all necessary limited liability company action, its execution and delivery of this Agreement and any related
Supplemental Conveyance and its consummation of the transactions contemplated by this Agreement and any related Supplemental Conveyance.

 

(iv) 
Funding’s execution and delivery of this Agreement and any related Supplemental Conveyance, its performance of the transactions
contemplated by this Agreement and any related Supplemental Conveyance, and its fulfillment of the terms of this Agreement and
any related Supplemental Conveyance do not conflict with, breach any material term of, or cause a material default under (with
or without notice or lapse of time or both) any indenture, contract, agreement, mortgage, deed of trust, or other instrument to
which Funding is a party or by which Funding or any of its properties are bound.

 

(v)  Funding’s
execution and delivery of this Agreement and any related Supplemental Conveyance, its performance of the transactions contemplated
by this Agreement and any related Supplemental Conveyance, and its fulfillment of the terms of this Agreement and any related Supplemental
Conveyance do not conflict with or violate any Requirement of Law applicable to Funding.

 

(vi) No proceeding
or investigation against Funding is pending or, to the best of Funding’s knowledge, threatened before any Governmental Authority
that (A) asserts that this Agreement or any related Supplemental Conveyance is invalid, (B) seeks to prevent the consummation
of any transaction contemplated by this Agreement or any related Supplemental Conveyance, (C) seeks any determination or ruling
that, in Funding’s reasonable judgment, would materially and adversely affect Funding’s performance under this Agreement
or any related Supplemental Conveyance, or

 

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(D) seeks any determination or ruling that would materially and adversely affect
the validity or enforceability of this Agreement or any related Supplemental Conveyance.

 

(vii) Funding
has obtained all approvals, authorizations, licenses, consents, and orders required of any Person in connection with Funding’s
execution and delivery of this Agreement and any related Supplemental Conveyance, its performance of the transactions contemplated
by this Agreement and any related Supplemental Conveyance, and its fulfillment of the terms of this Agreement and any related Supplemental
Conveyance.

 

(viii) No
Insolvency Event relating to Funding has occurred and is continuing.

 

(b) The representations
and warranties set forth in this Section 4.03 will survive the sale of the Purchased Assets to Funding. If BANA or
Funding discovers a breach of any of these representations and warranties, the party discovering that breach must give prompt notice
to the other party and the MTII Trustee.

 

[END OF ARTICLE IV]

 

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ARTICLE V

 

COVENANTS

 

Section 5.01. Covenants
of BANA. BANA covenants to do the following:

 

(a)  Except in enforcing
or collecting an Account, BANA will take no action that results in any Receivable not being an account under Article 9 of
the Delaware UCC, and therefore, BANA will take no action that results in any Receivable being an instrument or chattel paper under
Article 9 of the Delaware UCC. If BANA breaches this covenant, BANA must repurchase the related Receivable under Section 6.01.

 

(b) Except for the sale
to Funding under this Agreement, or, with respect to the Receivables in any Account that became a Defaulted Account or a Removed
Account pursuant to subsection 2.07(c)(ii) of the Pooling and Servicing Agreement, BANA will not (i) sell, assign,
or transfer any Receivable to any other Person, (ii) take any other action that is inconsistent with the ownership of each
Receivable by Funding or its transferee, or (iii) grant, create, incur, assume, or suffer to exist any Lien arising through
or under BANA on any Receivable, except for any Lien for municipal or other local taxes if those taxes are currently not due or
if BANA is currently in good faith contesting those taxes in appropriate proceedings and has set aside adequate reserves for those
contested taxes. BANA will not claim any interest in any Receivable and will defend the ownership interest of Funding or its transferee
in each Receivable against any third party claiming through or under BANA.

 

(c)  If a Transfer
Restriction Event occurs, BANA must continue to allocate and pay to Funding all Collections on the Receivables that previously
were sold to Funding unless prohibited from doing so by any Governmental Authority or Requirement of Law. If BANA and Funding cannot
determine whether collections relate to a Receivable that was sold to Funding or to a receivable that cannot be sold to Funding,
BANA must allocate payments on the related Account proportionately based on the total amount of Principal Receivables in that Account
then owned by Funding or the MTII Trustee and the total amount of principal receivables in that Account then owned by BANA. BANA
will acknowledge that Funding or its transferee continues to own all Principal Receivables that were sold to Funding prior to the
Transfer Restriction Event, all Collections on those Principal Receivables, all Finance Charge Receivables that accrue on those
Principal Receivables regardless of when they arise, and all Collections on those Finance Charge Receivables.

 

(d) If BANA receives
Collections on any Receivable, BANA promptly will deliver those Collections to Funding or, if Funding directs, to its transferee.

 

(e)  BANA shall not
convey, assign, exchange or otherwise transfer any Account until such time as such Account becomes a Defaulted Account or a Removed
Account.

 

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(f)  Interchange allocable
to the Receivables for each Monthly Period shall be remitted by BANA to Funding no later than the fifteenth Business Day following
such Monthly Period. Such amount of Interchange shall be equal to the product of (i) the total amount of Interchange paid
or payable to BANA with respect to its VISA®, MasterCard®, American Express®, or similar consumer revolving credit
card accounts during such Monthly Period times (ii) a fraction, the numerator of which is the aggregate amount of cardholder
charges for goods and services in the Accounts with respect to such Monthly Period and the denominator of which is the aggregate
amount of cardholder charges for goods and services in all VISA®, MasterCard® or American Express® consumer revolving
credit card accounts owned by BANA with respect to such Monthly Period.

 

(g) BANA shall timely
file in all appropriate filing offices the documents which are necessary or advisable to perfect and maintain the perfection of
Funding’s interest in the Purchased Assets.

 

(h) BANA will not change
its name or its type or jurisdiction of organization without first delivering to Funding an opinion of counsel stating that all
actions and filings that are necessary or appropriate to maintain the perfection and the priority of Funding’s ownership
interest in the Receivables have been taken or made.

 

(i)  On March 31 in
each calendar year, beginning March 31, 2016, BANA will deliver to Funding and the MTII Trustee an opinion of counsel (i) stating
that no further filing of any financing statement, amendment of financing statement, or continuation statement is then necessary
to perfect Funding’s ownership interest in the Receivables, and (ii) stating that no further filing of any financing
statement, amendment of financing statement, or continuation statement will be necessary prior to March 31 of the next calendar
year to maintain the perfection of Funding’s ownership interest in the Receivables or, if that is not the case, identifying
each filing that will be necessary prior to March 31 of that calendar year.

 

(j) Except (i) as
otherwise required by any Requirements of Law or (ii) as is deemed by BANA to be necessary in order for it to maintain its
consumer credit card business or a program operated by such consumer credit card business on a competitive basis based on a good
faith assessment by it of the nature of the competition in the consumer credit card business or such program, BANA shall not at
any time reduce the annual percentage rate of the Periodic Finance Charges assessed on the Receivables or other fees charged on
any of the Accounts if such reduction is not also applied to any comparable segment of accounts owned by BANA which have characteristics
the same as, or substantially similar to, such Accounts that are subject to such change, except as otherwise restricted by an endorsement,
sponsorship, or other agreement between BANA and an unrelated third party or by the terms of the Credit Card Agreements.

 

(k) BANA shall comply
with and perform its obligations under the Credit Card Agreements relating to the Accounts and the Credit Card Guidelines except
insofar as any failure so to comply or perform would not materially and adversely affect the rights of Funding, or any of its assigns.
Subject to compliance with each Requirement of Law, BANA may change the terms and provisions of the applicable Credit Card Agreements
or the applicable Credit Card

 

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Guidelines with respect to any of the Accounts in any respect (including the calculation of the amount,
or the timing, of charge-offs and the Periodic Finance Charges
and other fees to be assessed thereon) only if in the reasonable judgment of BANA such change is made applicable to any comparable
segment of the revolving credit card accounts owned by BANA which have characteristics the same as, or substantially similar to,
such Accounts that are subject to such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement
between BANA and an unrelated third party or by the terms of the Credit Card Agreements.

 

(l)  BANA shall notify
Funding after becoming aware of any Lien arising through or under BANA on any Purchased Asset.

  

[END OF ARTICLE V]

 

    	24

    	 

    

 

ARTICLE VI

 

REPURCHASE OBLIGATION

 

Section 6.01. Reassignment
of Ineligible Receivables.

 

(a)  BANA must accept
reassignment of any Receivable if Funding is required to accept reassignment of that Receivable under subsection 2.04(d)
of the Pooling and Servicing Agreement and if either of the following conditions is satisfied:

 

(i)  (A) the
representation of BANA under subsection 4.02(a)(iv) or (vi) relating to that Receivable is not true and
correct as of the applicable date, or the representation of BANA under subsection 4.02(a)(xi) or (xii) relating
to that Receivable is not true and correct as of the applicable date because clause (d) of the definition of Eligible Receivable
is not satisfied, and

 

(B) any
of the following conditions is satisfied: (I) that Receivable is charged off as uncollectible, (II) the interest of Funding
or its transferee in that Receivable or its proceeds is impaired, (III) the proceeds of that Receivable are not available
to Funding or its transferee free and clear of any Lien, (IV) the Lien on that Receivable runs in favor of any Governmental
Authority, (V) the Lien on that Receivable is a tax lien, (VI) the Lien on that Receivable arises under Title IV
of the Employee Retirement Income Security Act, or (VII) the applicable Account Owner has consented to the Lien on that Receivable;
or

 

(ii) 
(A)(I) the representation of BANA under subsection 4.02(a)(iv), (vi), (xi), or (xii) relating
to that Receivable is not true and correct as of the applicable date and that breach is not addressed by subsection 6.01(a)(i),
or (II) the representation of BANA under subsection 4.02(a)(i), (ii), (v), (vii), (viii),
or (ix) relating to that Receivable is not true and correct as of the applicable date, and

 

(B) any
of the following conditions is satisfied: (I) the related Account is a Defaulted Account, (II) the interest of Funding
or its transferee in that Receivable or its proceeds is impaired, or (III) the proceeds of that Receivable are not available
to Funding or its transferee free and clear of any Lien, and

 

(C) that
breach is not cured within 60 days, or a longer period up to 120 days to which Funding consents, from the earlier of the date
on which BANA discovers that breach or the date on which BANA is given notice of that breach.

 

(b) BANA must accept
reassignment of any Receivable described in subsection 6.01(a) on the date on which that Receivable is reassigned to
Funding under subsection 2.04(d) of the Pooling and Servicing Agreement. On that date, automatically and without further
action, Funding hereby reassigns to BANA, without recourse, representation, or

 

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warranty, all of Funding’s right, title and
interest in, to, and under (i) that Receivable, (ii) all Interchange, Insurance Proceeds, and Recoveries allocable to
that Receivable, (iii) all Collections on that Receivable, and (iv) all proceeds of any of this property. On that date,
BANA must pay to Funding in immediately available funds an amount equal to the unpaid balance of that Receivable, and Funding will
treat that Receivable as collected in full. Funding must execute all agreements and other documents, and must take all other actions,
that are reasonably requested by BANA to effect this reassignment.

 

(c) After a reassignment under subsection 6.01(b),
if BANA and Funding cannot determine whether collections relate to a Receivable that is owned by Funding or the MTII Trustee or
to a receivable that has been reassigned to BANA, BANA and Funding must allocate payments on the related Account proportionately
based on the total amount of Principal Receivables in that Account then owned by Funding or the MTII Trustee and the total amount
of principal receivables in that Account then owned by BANA.

 

Section 6.02. Reassignment
of Other Receivables.

 

(a) BANA must accept
reassignment of a set of Receivables if Funding is required to accept reassignment of those Receivables under subsection 2.04(e)
of the Pooling and Servicing Agreement and if the representation of BANA under subsection 4.02(a)(i) or (ii)
relating to those Receivables is not true and correct as of the applicable date.

 

(b) BANA must accept
reassignment of the Receivables described in subsection 6.02(a) on the date on which those Receivables are reassigned
to Funding under subsection 2.04(e) of the Pooling and Servicing Agreement. On that date, automatically and without
further action, Funding hereby reassigns to BANA, without recourse, representation, or warranty, all of Funding’s right,
title and interest in, to, and under (i) those Receivables, (ii) all Interchange, Insurance Proceeds, and Recoveries
allocable to those Receivables, (iii) all Collections on those Receivables, and (iv) all proceeds of any of this property.
On the Business Day immediately preceding that date, BANA must pay to Funding in immediately available funds an amount equal to
the unpaid balance of those Receivables, and Funding will treat those Receivables as collected in full. Funding must execute all
agreements and other documents, and must take all other actions, that are reasonably requested by BANA to effect this reassignment.

 

[END OF ARTICLE VI]

 

    	26

    	 

    

 

ARTICLE VII

 

CONDITIONS PRECEDENT

 

Section 7.01. Conditions
to Funding’s Obligation on the Closing Date. Funding’s obligation to purchase the Receivables in each Initial Account
that arise on the Closing Date, and the related Finance Charge Receivables and other Purchased Assets is subject to the following
conditions being satisfied:

 

(a)  the
representations and warranties made by BANA in this Agreement on the Closing Date must be true and correct;

 

(b)  all
information provided by BANA to Funding relating to the Initial Accounts must be true and correct;

 

(c)  BANA
must have (i) delivered the initial Account Schedule to Funding and (ii) performed all other obligations required of
BANA prior to the Closing Date under this Agreement;

 

(d)  BANA
and BACCS must have filed all financing statements, amendments of financing statements, and continuation statements that are required
under subsection 2.01(c); and

 

(e)  all
corporate and legal matters relating to this Agreement must have been addressed in a manner satisfactory to Funding, and all related
documents reasonably requested of BANA by Funding must have been received.

 

Section 7.02. Conditions
to BANA’s Obligation on the Closing Date. BANA’s obligation to sell the Receivables in each Initial Account that
arise on the Closing Date, and the related Finance Charge Receivables and other Purchased Assets, is subject to the following conditions
being satisfied:

 

(a)  the
representations and warranties made by Funding in this Agreement on the Closing Date must be true and correct;

 

(b)  Funding
must have paid the initial Purchase Price due on the Closing Date; and

 

(c)  all
corporate and legal matters relating to this Agreement must have been addressed in a manner satisfactory to BANA, and all related
documents reasonably requested of Funding by BANA must have been received.

 

[END OF ARTICLE VII]

 

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ARTICLE VIII

 

TERM AND PURCHASE TERMINATION

 

Section 8.01. Term.
This Agreement will commence on the Closing Date and will continue at least until the earlier of (a) the termination of MTII
under Article XII of the Pooling and Servicing Agreement and (b) the amendment of the Pooling and Servicing Agreement
to remove Funding as Transferor. After that time, either BANA or Funding may terminate this Agreement by giving reasonable notice
to the other party.

 

Section 8.02. Purchase
Termination. BANA immediately must cease to sell Principal Receivables, and the related Finance Charge Receivables and other
Purchased Assets, to Funding if (a) BANA files a petition or commences a proceeding (i) as a debtor under any Debtor
Relief Law or (ii) to have a trustee, conservator, receiver, liquidator, or similar official appointed for it or for all or
substantially all of its property, (b) BANA consents or fails to object to such a petition or proceeding commenced against
it or its property, or such a petition or proceeding commenced against it or its property is not dismissed or stayed within 60
days, or a Governmental Authority orders relief in connection with such a petition or proceeding commenced against it or its property,
(c) BANA admits in writing its inability to pay its debts generally as they become due, (d) BANA makes an assignment
for the benefit of its creditors, or (e) BANA voluntarily suspends payment of its obligations (each an “Insolvency
Event”). Still, Funding or its transferee will continue to own all Principal Receivables that were sold to Funding prior
to the Insolvency Event, all Collections on those Principal Receivables, all Finance Charge Receivables that accrue on those Principal
Receivables regardless of when they arise, and all Collections on those Finance Charge Receivables. If BANA and Funding cannot
determine whether collections relate to a Receivable that was sold to Funding or to a receivable that has not been sold to Funding,
BANA and Funding must allocate payments on the related Account proportionately based on the total amount of Principal Receivables
in that Account then owned by Funding or the MTII Trustee and the total amount of principal receivables in that Account then owned
by BANA. BANA promptly must give notice of any Insolvency Event to Funding and the MTII Trustee.

 

[END OF ARTICLE VIII]

 

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ARTICLE IX

 

MISCELLANEOUS PROVISIONS

 

Section 9.01. Amendment.
This Agreement only can be modified in a written document executed by Funding and BANA. No amendment of this Agreement will be
effective unless (a) Funding has given prior notice of the amendment to the MTII Trustee and each Rating Agency then rating
any security issued by MTII and (b) Funding has received written confirmation from each of those Rating Agencies that the
amendment will not cause a reduction or withdrawal of any of those ratings. Funding must send a copy of each amendment of this
Agreement to each Rating Agency then rating any security issued by MTII. A Supplemental Conveyance, or any other document executed
in connection with a sale or reassignment under this Agreement, is not an amendment of this Agreement.

 

Section 9.02. Governing
Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD
TO PRINCIPLES OF CONFLICT OF LAWS. THE PARTIES HERETO DECLARE THAT IT IS THEIR INTENTION THAT THIS AGREEMENT SHALL BE REGARDED
AS MADE UNDER THE LAWS OF THE STATE OF DELAWARE AND THAT THE LAWS OF SAID STATE SHALL BE APPLIED IN INTERPRETING ITS PROVISIONS
IN ALL CASES WHERE LEGAL INTERPRETATION SHALL BE REQUIRED. EACH OF THE PARTIES HERETO AGREES (A) THAT THIS AGREEMENT INVOLVES
AT LEAST $100,000.00, AND (B) THAT THIS AGREEMENT HAS BEEN ENTERED INTO BY THE PARTIES HERETO IN EXPRESS RELIANCE UPON 6 DEL.
C. § 2708. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES (A) TO BE SUBJECT TO THE
JURISDICTION OF THE COURTS OF THE STATE OF DELAWARE AND OF THE FEDERAL COURTS SITTING IN THE STATE OF DELAWARE, AND (B)(1) TO
THE EXTENT SUCH PARTY IS NOT OTHERWISE SUBJECT TO SERVICE OF PROCESS IN THE STATE OF DELAWARE, TO APPOINT AND MAINTAIN AN AGENT
IN THE STATE OF DELAWARE AS SUCH PARTY’S AGENT FOR ACCEPTANCE OF LEGAL PROCESS, AND (2) THAT, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, SERVICE OF PROCESS MAY ALSO BE MADE ON SUCH PARTY BY PREPAID CERTIFIED MAIL WITH A PROOF OF MAILING
RECEIPT VALIDATED BY THE UNITED STATES POSTAL SERVICE CONSTITUTING EVIDENCE OF VALID SERVICE, AND THAT SERVICE MADE PURSUANT TO
(B)(1) OR (2) ABOVE SHALL, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, HAVE THE SAME LEGAL FORCE AND EFFECT AS IF SERVED
UPON SUCH PARTY PERSONALLY WITHIN THE STATE OF DELAWARE.

 

Section 9.03. Notices.
All notices and other communications under this Agreement must be in writing and will be considered effective when delivered by
hand, by courier, by overnight delivery service, or by certified mail, return receipt requested and postage prepaid, or sent by
facsimile or electronic transmission, (a) in the case of BANA, to Bank of America, National Association, 1020 North French
Street, Mail Code: DE5-002-02-06,

 

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Wilmington, Delaware 19884, Attention: Scott McCarthy, with a copy to Bank of America, National
Association, 214 North Tryon Street, Mail Code NC1-027-20-05, Charlotte, North Carolina 28255, Attention: Greg Lumelsky, (b) in
the case of Funding, to BA Credit Card Funding, LLC, 214 North Tryon Street, Suite #21-39, NC1-027-21-04, Charlotte, North Carolina
28255, Attention: Joseph Lombardi, with a copy to (i) Bank of America, National Association, 214 North Tryon Street, Mail Code:
NC1-027-20-05, Charlotte, North Carolina 28255, Attention: Greg Lumelsky and (ii) BA Credit Card Funding, LLC, 1020 North
French Street, Mail Code: DE5-002-02-06, Wilmington, DE 19884, Attention: Amy Burg, and (c) in the case of the MTII Trustee,
to The Bank of New York Mellon, 101 Barclay Street, 7 West, New York, New York 10286, Attention: Corporate
Trust Administration—Asset Backed Securities. Any of these entities may designate a different address in a notice to the
others under this Section 9.03.

 

Section 9.04. Severability.
If any part of this Agreement is held to be invalid or otherwise unenforceable, the rest of this Agreement will be considered severable
and will continue in full force.

 

Section 9.05. Assignment.
No party can assign any interest in this Agreement, except that (a) Funding may assign its interest in this Agreement to the
MTII Trustee under the Pooling and Servicing Agreement and (b) each of BANA or Funding may assign its interest in this Agreement
to any other Person if (i) at least 10 days prior to the assignment, notice is given to the other party, the MTII Trustee,
and each Rating Agency then rating any security issued by MTII, (ii) BANA or Funding, as non-assigning party, as applicable,
gives its prior written approval to the assignment, and (iii) Funding receives prior written confirmation from each of those
Rating Agencies that the assignment will not cause a reduction or withdrawal of any of those ratings.

 

Section 9.06. Acknowledgement
of BANA. BANA acknowledges that Funding intends to assign all of its right, title, and interest in, to, and under this Agreement
and the Purchased Assets to the MTII Trustee under the Pooling and Servicing Agreement, and BANA consents to that assignment. BANA
will have no remedy against Funding under this Agreement other than a claim for money damages and then only to the extent of funds
available to Funding. BANA must not assert any claim to or interest in any Purchased Asset and must not take any action that would
interfere with the receipt of Collections on the Purchased Assets by Funding or the MTII Trustee. If any amount payable by BANA
to Funding under this Agreement in turn must be paid by Funding to the MTII Trustee under the Pooling and Servicing Agreement,
and if Funding directs, BANA must pay that amount directly to the MTII Trustee.

 

Section 9.07. Further
Assurances. Each party must take all actions that are reasonably requested by each other party hereto to effect more fully
the purposes of this Agreement.

 

Section 9.08. No
Waiver; Cumulative Remedies. No failure to exercise or delay in exercising any right or remedy under this Agreement will effect
a waiver of that right or remedy. No single or partial exercise of any right or remedy under this Agreement will preclude any other
or further exercise of that right or remedy or any other right or remedy. Except as

 

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otherwise expressly provided, the rights and
remedies under this Agreement are cumulative and not exhaustive.

 

Section 9.09. Counterparts.
This Agreement may be executed in any number of counterparts, each of which will be considered an original, but all of which together
will constitute one agreement.

 

Section 9.10. Binding
Effect; Third-Party Beneficiaries. This Agreement benefits and is binding on the parties and their respective successors and
permitted assigns. MTII and the MTII Trustee are third-party beneficiaries of this Agreement.

 

Section 9.11. Merger
and Integration. This Agreement contains all of the terms and conditions relating to its subject matter to which the parties
have agreed. All prior understandings of any kind are superseded by this Agreement.

 

Section 9.12. Headings.
The headings are for reference only and must not affect the interpretation of this Agreement.

 

Section 9.13. Schedules,
Exhibits and Annexes. All schedules, exhibits and annexes are fully incorporated into this Agreement.

 

Section 9.14. Survival
of Representations and Warranties. All representations, warranties, and covenants in this Agreement will survive the sale of
the Purchased Assets to Funding and the transfer of the Purchased Assets to the MTII Trustee under the Pooling and Servicing Agreement.

 

Section 9.15. Nonpetition
Covenant. Notwithstanding any prior termination of this Agreement, to the fullest extent permitted by law, BANA must not file,
commence, join, or acquiesce in a petition or a proceeding, or cause Funding or MTII to file, commence, join, or acquiesce in a
petition or a proceeding, that causes (a) Funding or MTII to be a debtor under any Debtor Relief Law or (b) a trustee,
conservator, receiver, liquidator, or similar official to be appointed for Funding, MTII, or any substantial part of any of their
property.

 

Section 9.16. Agreements
Relating to Prior Second Tier Agreements.

 

(a)  To the extent
this Agreement contemplates or requires that certain actions were to be taken as of a date prior to the date of this Agreement,
the taking of such action by the applicable party under any Prior Second Tier Agreement shall constitute satisfaction of such requirement
and each of BACCS and Funding confirms the actions taken by it prior to the date of this Agreement under each Prior Second Tier
Agreement. BANA hereby acknowledges, confirms and ratifies as its own the actions taken by BACCS prior to the date of this Agreement
under each Prior Second Tier Agreement.

 

(b)  Each of BACCS,
BANA and Funding hereby (i) confirms that as of any date prior to the date hereof, the applicable Prior Second Tier Agreement
in effect at such time governed the sales of receivables from BACCS to Funding, (ii) confirms and ratifies all sales and

 

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related
actions taken by BACCS (including the granting of any security interest) and Funding pursuant to each Prior Second Tier Agreement,
(iii) acknowledges and agrees that all rights and obligations created or incurred by, to or for the benefit of (x) BACCS
pursuant to each Prior Second Tier Agreement have been assigned by BACCS to BANA, and have been accepted and assumed by BANA, pursuant
to this Agreement and carry forward to BANA pursuant to this Agreement and (y) Funding pursuant to each Prior Second Tier
Agreement (including the right to enforce the security interest in the Prior RPA Purchased Assets granted by BACCS) carry forward
to Funding under this Agreement and (iv) acknowledges and agrees that (x) all liability for a breach of any representation,
warranty, covenant and agreement of BACCS in each Prior Second Tier Agreement applicable to any date prior to the date hereof has
been assigned by BACCS to BANA, and has been accepted and assumed by BANA, pursuant to this Agreement and (y) all representations,
warranties, covenants and agreements of Funding in each Prior Second Tier Agreement applicable to any date prior to the date hereof
remain in full force and effect hereunder with respect to such dates.

 

(c)  All references
to a Prior Second Tier Agreement in any other instruments or documents shall be deemed to constitute a reference to this Agreement
on and after the date hereof.

 

Section 9.17. Clarifying
Items Relating to Prior First Tier Agreements.

 

(a)  To the extent
this Agreement contemplates or requires that certain actions were to be taken as of a date prior to the date of this Agreement,
the taking of such action by the applicable party under any Prior First Tier Agreement shall constitute satisfaction of such requirement
and each of BANA and BACCS confirms the actions taken by it prior to the date of this Agreement under each Prior First Tier Agreement.

 

(b)  Each of BANA,
BACCS and Funding hereby (i) confirms that as of any date prior to the date hereof, the applicable Prior First Tier Agreement
in effect at such time governed the sales of receivables from BANA to BACCS, (ii) confirms and ratifies all sales and related
actions taken by BANA (including the granting of any security interest) and BACCS in connection with each Prior First Tier Agreement,
(iii) acknowledges and agrees that (x) any obligations of BANA created or incurred with respect to the Conveyed Assets
pursuant to each Prior First Tier Agreement carry forward to BANA under this Agreement and (y) all rights created for the
benefit of BACCS with respect to the Conveyed Assets pursuant to each Prior First Tier Agreement (including the security interest
in the Conveyed Assets and the right to enforce the security interest granted by BANA in the Conveyed Assets) have been assigned
by BACCS to Funding, and have been accepted by Funding, pursuant to this Agreement and carry forward to Funding pursuant to this
Agreement and (iv) acknowledges and agrees that all representations, warranties, covenants and agreements of BANA in each
Prior First Tier Agreement applicable to any date prior to the date hereof remain in full force and effect hereunder with respect
to such dates.

 

(c)  All references
to a Prior First Tier Agreement in any other instruments or documents shall be deemed to constitute a reference to this Agreement
on and after the date hereof.

 

    	32

    	 

    

 

Section 9.18. BACCS’s
Assignment of Prior Second Tier Agreements.

 

(a)  BACCS does hereby
assign all of its right, title and interest in and to, and its obligations (including, without limitation, the security interest
in the Prior RPA Purchased Assets granted by BACCS and all obligations resulting from the breach of any representation, warranty,
covenant or agreement by BACCS) under, each of the Prior Second Tier Agreements to BANA.

 

(b)  BANA does hereby
accept the assignment of all of BACCS’s right, title and interest in and to, and hereby assumes all of BACCS’s obligations
(including, without limitation, all obligations in respect of the security interest in the Prior RPA Purchased Assets granted by
BACCS and all obligations resulting from the breach of any representation, warranty, covenant or agreement by BACCS) under each
of the Prior Second Tier Agreements.

 

(c)  Funding does
hereby consent to the assignment to BANA of all of BACCS’s right, title and interest in and to, and the assumption by BANA
of all obligations of BACCS under, each of the Prior Second Tier Agreements.

 

Section 9.19. BACCS’s
Assignment of Rights Under Prior First Tier Agreements.

 

(a)  BACCS does hereby
assign all rights created for the benefit of BACCS with respect to the Conveyed Assets (including, without limitation, the security
interest in the Conveyed Assets and the right to enforce the security interest in Conveyed Assets granted by BANA) under each of
the Prior First Tier Agreements to Funding.

 

(b)  Funding does
hereby accept such assignment of all of BACCS’s right, title and interest in, to and under each of the Prior First Tier Agreements.
For the avoidance of doubt, none of the obligations of BACCS under any Prior First Tier Agreement are hereby assumed by, or otherwise
transferred to, Funding.

 

(c)  BANA does hereby
consent to such assignment to Funding of all of BACCS’s right, title and interest in, to, and under each of the Prior First
Tier Agreements.

 

Section 9.20. Consent
to the Liquidation of BACCS. Each of the parties hereto acknowledge that the intended winding up of the operations of,
liquidation of, and cessation of BACCS as an entity is imminent.  Each of the parties hereto does hereby consent to such
winding up, liquidation and cessation of BACCS as an entity on or after the BACCS Liquidation Date.

 

Section 9.21. Amending,
Restating and Integrating the Second Amended and Restated First Tier Agreement and the Amended and Restated Second Tier Agreement.
This Agreement amends and restates the Second Amended and Restated First Tier Agreement and the Amended and Restated Second Tier
Agreement and integrates them into a single document embodied in this Agreement, thereby effectuating the intentions of each of
BANA, BACCS and

 

    	33

    	 

    

 

Funding on and after the Closing Date as set forth in the “Background” section of this Agreement.

 

[END OF ARTICLE IX]

 

    	34

    	 

    

 

Executed as of this
8th day of July, 2015. 

	 	 	 
	 	BANC OF AMERICA CONSUMER CARD SERVICES, LLC
	 	 	 
	 	By:	/s/ Scott McCarthy
	 	 	Name: Scott McCarthy
	 	 	Title: SVP
	 	 	 
	 	BA CREDIT CARD FUNDING, LLC
	 	 	 
	 	By:	/s/ Keith W. Landis
	 	 	Name: Keith W. Landis
	 	 	Title: V.P.
	 	 	 
	 	BANK OF AMERICA, NATIONAL ASSOCIATION
	 	 	 
	 	By:	/s/ Keith W. Landis
	 	 	Name: Keith W. Landis
	 	 	Title: V.P.

 

[Signature Page to Second
    Amended and Restated Receivables Purchase Agreement]

 

    	 

    	 

    

 

	Acknowledged and Accepted by:	 
	 	 	 
	THE
    BANK OF NEW YORK MELLON, as Trustee of the BA Master Credit Card Trust II	 
	 	 	 
	By:	/s/ Leslie Morales	 
	 	Name: Leslie Morales	 
	 	Title: Vice President	 
	 	 	 
	Acknowledged and Accepted by:	 
	 	 	 
	BANK
    OF AMERICA, NATIONAL ASSOCIATION, as Servicer for the BA Master Credit Card Trust II	 
	 	 	 
	By:	/s/ Keith W. Landis	 
	 	Name: Keith W. Landis	 
	 	Title: V.P.	 

 

[Signature Page to Second
    Amended and Restated Receivables Purchase Agreement]

 

    	 

    	 

    

 

EXHIBIT A

 

SUPPLEMENTAL CONVEYANCE

 

This Supplemental Conveyance
No. [___] (this “Supplemental Conveyance”) is made as of [___], between Bank of America, National Association,
a national banking association (“BANA”), and BA Credit Card Funding, LLC, a Delaware limited liability company
(“Funding”).

 

BACKGROUND

 

BANA and Funding are
designating additional credit card accounts under the Second Amended and Restated Receivables Purchase Agreement, dated as of July 8,
2015, among BANA, Banc of America Consumer Card Services, LLC, and Funding (as amended, supplemented or otherwise modified from
time to time, the “Receivables Purchase Agreement”).

 

AGREEMENT

 

In consideration of the
mutual promises in this Supplemental Conveyance and for other valuable consideration, the receipt and adequacy of which are acknowledged,
the parties agree to the following:

 

1. Defined Terms
and Rules of Construction. Each capitalized term is defined in this Section 1, or if not defined here, in the Receivables
Purchase Agreement. Rules of construction in the Receivables Purchase Agreement apply in this Supplemental Conveyance. The following
definitions apply in this Supplemental Conveyance:

 

“Addition Date”
means, for the Additional Accounts, the close of business on [___].

 

“Additional
Account” means each VISA,® MasterCard,® or American Express® credit card
account that is designated as an Account under this Supplemental Conveyance and that is identified on Schedule 1
to this Supplemental Conveyance.

 

“Additional
Purchased Assets” has the meaning set forth in subsection 3(a).

 

“BANA”
has the meaning set forth in the first paragraph of this Supplemental Conveyance.

 

“Funding”
has the meaning set forth in the first paragraph of this Supplemental Conveyance.

 

“Receivables
Purchase Agreement” has the meaning set forth above under the heading “Background.”

 

    	 

    	 

    

 

“Supplemental
Conveyance” has the meaning set forth in the first paragraph of this document.

 

2. Designation
of Additional Accounts. The Additional Accounts identified on Schedule 1 to this Supplemental Conveyance
are designated as Accounts under this Supplemental Conveyance and the Receivables Purchase Agreement from and after the Addition
Date. Schedule 1 is fully incorporated into this Supplemental Conveyance and the Receivables Purchase Agreement
and supplements the Account Schedule under the Receivables Purchase Agreement from and after the Addition Date.

 

3. Sale of Additional
Purchased Assets.

 

(a) In consideration
of Funding’s payment of each related Purchase Price under the Receivables Purchase Agreement, BANA hereby sells and assigns
to Funding, without recourse, all of BANA’s right, title and interest in, to, and under (i) the Receivables existing
on the Addition Date and arising after the Addition Date in each Additional Account (including any related Transferred Account),
(ii) all Interchange, Insurance Proceeds, and Recoveries allocable to the Receivables, (iii) all Collections on the Receivables,
and (iv) all proceeds of any of this property (collectively, the “Additional Purchased Assets”). Funding
hereby accepts the Additional Purchased Assets sold under this Supplemental Conveyance.

 

(b) BANA must take all
actions relating to this sale of the Additional Purchased Assets that are required under subsections 2.01(c), (d),
and (e) of the Receivables Purchase Agreement.

 

(c) The parties intend
that the transfer of the Additional Purchased Assets by BANA to Funding be an absolute sale and not a secured borrowing, including
under generally accepted accounting principles in effect before November 15, 2009. If the transaction under this Supplemental
Conveyance were determined to be a loan rather than an absolute sale despite this intent of the parties, BANA hereby grants to
Funding a first priority security interest in all of BANA’s right, title, and interest, whether now owned or hereafter acquired,
in, to, and under the Additional Purchased Assets to secure BANA’s obligations under this Supplemental Conveyance and the
Receivables Purchase Agreement. This grant is a protective measure and must not be construed as evidence of any intent contrary
to the one expressed in this paragraph.

 

4. Representations
and Warranties of BANA. BANA acknowledges its representations and warranties relating to the Additional Accounts that are made
on the Addition Date under Sections 4.01 and 4.02 of the Receivables Purchase Agreement.

 

5. Ratification.
This Supplemental Conveyance supplements the Receivables Purchase Agreement from and after the Addition Date, and the parties ratify
the Receivables Purchase Agreement as supplemented by this Supplemental Conveyance.

 

6. Miscellaneous.
This Supplemental Conveyance may be executed in any number of counterparts, each of which will be considered an original, but all
of which together

 

    	A-2

    	 

    

 

will constitute one agreement. Each party must take all actions that are reasonably requested by the other party
to effect more fully the purposes of this Supplemental Conveyance.

 

7. GOVERNING LAW.
THIS SUPPLEMENTAL CONVEYANCE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD
TO PRINCIPLES OF CONFLICT OF LAWS. THE PARTIES HERETO DECLARE THAT IT IS THEIR INTENTION THAT THIS SUPPLEMENTAL CONVEYANCE SHALL
BE REGARDED AS MADE UNDER THE LAWS OF THE STATE OF DELAWARE AND THAT THE LAWS OF SAID STATE SHALL BE APPLIED IN INTERPRETING ITS
PROVISIONS IN ALL CASES WHERE LEGAL INTERPRETATION SHALL BE REQUIRED. EACH OF THE PARTIES HERETO AGREES (A) THAT THIS SUPPLEMENTAL
CONVEYANCE INVOLVES AT LEAST $100,000.00, AND (B) THAT THIS SUPPLEMENTAL CONVEYANCE HAS BEEN ENTERED INTO BY THE PARTIES HERETO
IN EXPRESS RELIANCE UPON 6 DEL. C. § 2708. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES
(A) TO BE SUBJECT TO THE JURISDICTION OF THE COURTS OF THE STATE OF DELAWARE AND OF THE FEDERAL COURTS SITTING IN THE STATE
OF DELAWARE, AND (B)(1) TO THE EXTENT SUCH PARTY IS NOT OTHERWISE SUBJECT TO SERVICE OF PROCESS IN THE STATE OF DELAWARE,
TO APPOINT AND MAINTAIN AN AGENT IN THE STATE OF DELAWARE AS SUCH PARTY’S AGENT FOR ACCEPTANCE OF LEGAL PROCESS, AND (2) THAT,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, SERVICE OF PROCESS MAY ALSO BE MADE ON SUCH PARTY BY PREPAID CERTIFIED MAIL
WITH A PROOF OF MAILING RECEIPT VALIDATED BY THE UNITED STATES POSTAL SERVICE CONSTITUTING EVIDENCE OF VALID SERVICE, AND THAT
SERVICE MADE PURSUANT TO (B)(1) OR (2) ABOVE SHALL, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, HAVE THE SAME LEGAL FORCE
AND EFFECT AS IF SERVED UPON SUCH PARTY PERSONALLY WITHIN THE STATE OF DELAWARE.

 

[The rest of this page is left blank
intentionally.]

 

    	A-3

    	 

    

 

Executed as of this [___] day of [__________].

	 	 	 	 	 
	 	 	 	BANK OF AMERICA, NATIONAL ASSOCIATION
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	 	Name:
	 	 	 	 	Title:
	 	 	 	 	 
	 	 	 	BA CREDIT CARD FUNDING, LLC
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	 	Name:
	 	 	 	 	Title:
	 	 	 	 	 
	Acknowledged and Accepted by:	 	 	 
	 	 	 	 	 
	THE BANK OF NEW YORK MELLON, as Trustee of the BA Master Credit Card Trust II	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	Name:	 	 	 
	 	Title:	 	 	 
	 	 	 	 	 
	BANK OF AMERICA, NATIONAL ASSOCIATION, as Servicer for the BA Master Credit Card Trust II	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	Name:	 	 	 
	 	Title:	 	 	 

 

    	A-4

    	 

    

 

 

SCHEDULE 1 TO

 

SUPPLEMENTAL CONVEYANCE

 

ADDITIONAL ACCOUNTS

 

    	A-5

    	 

    

  

SCHEDULE 1

 

ACCOUNT SCHEDULE

 

    	S-1-1

    	 

    

 

ANNEX A

 

Supplemental Definitions

 

“Contributed
Assets” means (i) the Receivables existing as of October 20, 2006, in the Initial Accounts (which Initial Accounts are
identified in the Pool Index File with the designation “1994-MT”), (ii) all Prior CSA Interchange, Insurance Proceeds,
and Prior CSA Recoveries allocable to such Receivables, (iii) all monies due or to become due and all amounts received or receivable
with respect thereto, (iv) all Prior CSA Collections with respect thereto, and (v) all proceeds (including “proceeds”
as defined in the UCC) thereof, which property described in clauses (i) through (v) above was contributed by FIA
to BACCS on October 20, 2006, and to the extent of BANA’s interest, if any, therein from BANA to BACCS, on the Merger Date.

 

“Conveyed
Assets” means the Contributed Assets together with the Prior CSA Purchased Assets.

 

“Prior BANA
Purchased Assets” means (i) the Receivables created from time to time on and after the Merger Date, but prior to and
excluding the Closing Date, in each Initial Account (which Initial Accounts are identified in the Pool Index File with the designation
“1994-MT”), (ii) all Prior CSA Interchange, Insurance Proceeds, and Prior CSA Recoveries allocable to such Receivables,
(iii) all monies due or to become due and all amounts received or receivable with respect thereto, (iv) all Prior CSA
Collections with respect thereto, and (v) all proceeds (including “proceeds” as defined in the UCC) thereof.

 

“Prior BANA
RPA Interchange” means all interchange fees and issuer rate fees that (a) are payable to the applicable Account
Owner, in its capacity as credit card issuer, through VISA USA, Inc., MasterCard International Incorporated, American Express Company,
or any other similar entity, (b) are paid by the applicable Account Owner to BACCS under the Second Amended and Restated First
Tier Agreement, and (c) are allocable to the Receivables sold by BACCS to Funding under the Amended and Restated Second Tier
Agreement.

 

“Prior CSA
Collections” means all payments on Receivables in the form of cash, checks, wire transfers, electronic transfers, ATM
transfers, or any other form of payment. This term includes Prior CSA Recoveries and Insurance Proceeds.

 

“Prior CSA
Interchange” means all interchange fees or issuer rate fees payable to the applicable Account Owner, in its capacity
as credit card issuer, through VISA USA, Inc.®, MasterCard International Incorporated®, American
Express Company® or any other similar entity in connection with cardholder charges for goods or services with respect
to the Receivables sold to BACCS under the Prior First Tier Agreements.

 

“Prior CSA
Purchased Assets” means, collectively, the Prior FIA Purchased Assets and the Prior BANA Purchased Assets.

 

“Prior CSA
Recoveries” means amounts recovered in respect of Receivables which have previously been charged off as uncollectible;
provided, however, that if any amount so recovered relates to both Receivables which have previously been charged off as uncollectible
and other

 

    	A-A-1

    	 

    

 

receivables, and if it cannot be determined with objective certainty whether such amount relates to Receivables which
have previously been charged off as uncollectible or other receivables, the term Recoveries shall mean the amount reasonably estimated
by the applicable Account Owner as having been recovered in respect of Receivables which had previously been charged off as uncollectible.

 

“Prior FIA
Purchased Assets” means (i) the Receivables created from time to time
after October 20, 2006, but prior to and excluding the Merger Date, in each Initial Account (which Initial Accounts
are identified in the Pool Index File with the designation “1994-MT”), (ii) all Prior CSA Interchange, Insurance Proceeds,
and Prior CSA Recoveries allocable to such Receivables, (iii) all monies due or to become due and all amounts received or
receivable with respect thereto, (iv) all Prior CSA Collections with respect thereto, and (v) all proceeds (including “proceeds”
as defined in the UCC) thereof.

 

“Prior FIA
RPA Interchange” means all interchange fees and issuer rate fees that (a) are payable to the applicable Account
Owner, in its capacity as credit card issuer, through VISA USA, Inc., MasterCard International Incorporated, American Express Company,
or any other similar entity, (b) are paid by the applicable Account Owner to BACCS under the Original First Tier Agreement,
and (c) are allocable to the Receivables sold by BACCS to Funding under the Original Receivables Purchase Agreement.

 

“Prior RPA
Collections” means all payments on Receivables in the form of cash, checks, wire transfers, electronic transfers, ATM
transfers, or any other form of payment. This term includes Prior RPA Recoveries and Insurance Proceeds.

 

“Prior RPA
Interchange” means Prior FIA RPA Interchange or Prior BANA RPA Interchange, as the context requires.

 

“Prior RPA
Purchased Assets” means (i) the Receivables existing on October 20, 2006, and arising after October 20, 2006, but prior
to and excluding the Closing Date, in each Initial Account (including any related Transferred Account), which Initial Accounts
are identified in the Pool Index File with the designation “1994-MT”, (ii) all Prior RPA Interchange, Insurance
Proceeds, and Prior RPA Recoveries allocable to those Receivables, (iii) all Prior RPA Collections on those Receivables, and (iv)
all proceeds of any of this property.

 

“Prior RPA
Recoveries” means, for any Receivable that has been charged off as uncollectible, all amounts recovered on that Receivable.
If BACCS and Funding cannot determine whether a recovered amount relates to a Receivable that was sold to Funding or to a receivable
that has not been sold to Funding, this term means the amount reasonably estimated by BACCS and Funding as having been recovered
on the Receivable that was sold to Funding.

 

    	A-A-2

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