AMENDMENT NO. 3, dated as of April 26, 2011 (this “Amendment<\/u>“), by and
\namong TARGET RECEIVABLES LLC (formerly known as TARGET RECEIVABLES CORPORATION),
\na Minnesota limited liability company (the “Transferor<\/u>“), TARGET
\nCORPORATION, a Minnesota corporation (“Target<\/u>“), JPMN II Inc. (formerly
\nknown as BOTAC, Inc.), a Nevada corporation (the “Note Purchaser<\/u>“), as
\nNote Purchaser and CHASE BANK USA, NATIONAL ASSOCIATION, a national banking
\nassociation (“Chase USA<\/u>“), to the NOTE PURCHASE AGREEMENT, dated as of
\nMay 5, 2008, as amended by Amendment No. 1 thereto, dated as of November 10,
\n2009, and Amendment No. 2 thereto, dated as of January 31, 2011 (as amended,
\nsupplemented or otherwise modified, the “Note Purchase Agreement<\/u>“), by
\nand among the Transferor, Target, the Note Purchaser and Chase USA. Capitalized
\nterms used but not defined herein shall have the meanings assigned to them in
\nthe Note Purchase Agreement or, if not defined therein, in the other Basic
\nDocuments (as such term is defined in the Note Purchase Agreement).<\/p>\n
\n
W<\/u> I<\/u> T<\/u> N<\/u> E<\/u> S<\/u> S<\/u>
\nE<\/u> T<\/u> H<\/u>:<\/p>\n<\/p>\n
WHEREAS, the Transferor or an affiliate of the Transferor would like to have
\nthe right to purchase the Floating Rate Asset-Backed Note (the “Note<\/u>“)
\nissued by Target Credit Card Owner Trust 2008-1 (the “Issuer<\/u>“) upon at
\nleast 10 Business Days153 irrevocable prior written notice to Chase USA and the
\nNote Purchaser;<\/p>\n<\/p>\n
WHEREAS, upon the purchase of the Note, the Note will be cancelled pursuant
\nto Section 2.7 of the Indenture and Section 7.3 of the Series Supplement, the
\nIssuer will be terminated and the receivables reconveyed to TRLLC;<\/p>\n<\/p>\n
WHEREAS, the parties to this Amendment desire to amend the Note Purchase
\nAgreement pursuant to Section 15 thereof in order to provide for a right to
\nallow the Transferor or an affiliate of the Transferor to purchase the Note;\n<\/p>\n<\/p>\n
WHEREAS, Section 15 of the Note Purchase Agreement provides that no amendment
\nof any provision of the Note Purchase Agreement shall in any event be effective
\nunless (i) such amendment be in writing and signed by the parties thereto and
\n(ii) for so long as there is an Outstanding Series or Class that is rated by a
\nRating Agency, such Rating Agency shall be provided notice of any amendment of
\nany provision of the Note Purchase Agreement; and<\/p>\n<\/p>\n
WHEREAS, the conditions precedent to the execution of this Amendment have
\nbeen complied with.<\/p>\n<\/p>\n
NOW, THEREFORE, the parties hereto hereby are executing and delivering this
\nAmendment in order to modify the Note Purchase Agreement in the manner set forth
\nbelow.<\/p>\n
\n
ARTICLE I<\/p>\n<\/p>\n
Section 1.1 SECTION 21<\/u>. A new Section 21 shall be added and shall read
\nas follows:<\/p>\n<\/p>\n
\n
<\/p>\n
21. Note Purchase<\/u>. (a) The parties hereto agree that on any Business Any purchase of the Note in full described in this Section 21(a) shall (b) In connection with a purchase pursuant to Section 21(a), each party \n ARTICLE II<\/p>\n<\/p>\n Section 2.1 Counterparts<\/u>. This Amendment may be executed in two or Section 2.2 Effect of Headings and Table of Contents<\/u>. The Article and Section 2.3 Separability<\/u>. In case any provision in this Amendment Section 2.4 Governing Law<\/u>. THIS AMENDMENT SHALL BE GOVERNED \n 2<\/p>\n <\/p>\n LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES THE PARTIES HERETO HEREBY SUBMIT TO THE NONEXCLUSIVE JURISDICTION OF Section 2.5 Effective Date<\/u>. This Amendment shall become effective as Section 2.6 Binding Effect; Ratification<\/u>. (a) On and after the (b) Except as expressly modified or amended in this Amendment, all of the [REMAINDER OF THE PAGE BLANK]<\/p>\n \n 3<\/p>\n <\/p>\n IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly TARGET RECEIVABLES LLC<\/p>\n<\/td>\n<\/tr>\n (formerly known as TARGET RECEIVABLES CORPORATION)<\/p>\n<\/td>\n<\/tr>\n By:<\/p>\n<\/td>\n \/s\/ Sara J. Ross<\/p>\n<\/td>\n<\/tr>\n Name:<\/p>\n<\/td>\n Sara J. Ross<\/p>\n<\/td>\n<\/tr>\n Title:<\/p>\n<\/td>\n Vice President and Assistant Treasurer<\/p>\n<\/td>\n<\/tr>\n TARGET CORPORATION<\/p>\n<\/td>\n<\/tr>\n By:<\/p>\n<\/td>\n \/s\/ Sara J. Ross<\/p>\n<\/td>\n<\/tr>\n Name:<\/p>\n<\/td>\n Sara J. Ross<\/p>\n<\/td>\n<\/tr>\n Title:<\/p>\n<\/td>\n Assistant Treasurer<\/p>\n<\/td>\n<\/tr>\n JPMN II INC.<\/p>\n<\/td>\n<\/tr>\n By:<\/p>\n<\/td>\n \/s\/ Keith Schuck<\/p>\n<\/td>\n<\/tr>\n Name:<\/p>\n<\/td>\n Keith Schuck<\/p>\n<\/td>\n<\/tr>\n Title:<\/p>\n<\/td>\n Controller<\/p>\n<\/td>\n<\/tr>\n CHASE BANK USA, NATIONAL ASSOCIATION<\/p>\n<\/td>\n<\/tr>\n By:<\/p>\n<\/td>\n \/s\/ David Hoyt<\/p>\n<\/td>\n<\/tr>\n Name:<\/p>\n<\/td>\n David Hoyt<\/p>\n<\/td>\n<\/tr>\n Title:<\/p>\n<\/td>\n Sr. Finance Director<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n Amendment No. 3<\/p>\n Note Purchase Agreement<\/p>\n \n <\/p>\n Schedule A<\/u><\/strong><\/p>\n<\/p>\n DATE<\/strong><\/p>\n<\/td>\n \n<\/td>\n AMOUNT<\/strong><\/p>\n<\/td>\n \n<\/td>\n DATE<\/strong><\/p>\n<\/td>\n \n<\/td>\n AMOUNT<\/strong><\/p>\n<\/td>\n<\/tr>\n 9\/30\/2011<\/strong><\/p>\n<\/td>\n \n<\/td>\n $<\/strong><\/p>\n<\/td>\n 103,000,000.00<\/strong><\/p>\n<\/td>\n \n<\/td>\n 12\/1\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 93,765,957.45<\/p>\n<\/td>\n<\/tr>\n 10\/1\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 102,851,063.83<\/p>\n<\/td>\n \n<\/td>\n 12\/2\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 93,617,021.28<\/p>\n<\/td>\n<\/tr>\n 10\/2\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 102,702,127.66<\/p>\n<\/td>\n \n<\/td>\n 12\/3\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 93,468,085.11<\/p>\n<\/td>\n<\/tr>\n 10\/3\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 102,553,191.49<\/p>\n<\/td>\n \n<\/td>\n 12\/4\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 93,319,148.94<\/p>\n<\/td>\n<\/tr>\n 10\/4\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 102,404,255.32<\/p>\n<\/td>\n \n<\/td>\n 12\/5\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 93,170,212.77<\/p>\n<\/td>\n<\/tr>\n 10\/5\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 102,255,319.15<\/p>\n<\/td>\n \n<\/td>\n 12\/6\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 93,021,276.60<\/p>\n<\/td>\n<\/tr>\n 10\/6\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 102,106,382.98<\/p>\n<\/td>\n \n<\/td>\n 12\/7\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 92,872,340.43<\/p>\n<\/td>\n<\/tr>\n 10\/7\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 101,957,446.81<\/p>\n<\/td>\n \n<\/td>\n 12\/8\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 92,723,404.26<\/p>\n<\/td>\n<\/tr>\n 10\/8\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 101,808,510.64<\/p>\n<\/td>\n \n<\/td>\n 12\/9\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 92,574,468.09<\/p>\n<\/td>\n<\/tr>\n 10\/9\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 101,659,574.47<\/p>\n<\/td>\n \n<\/td>\n 12\/10\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 92,425,531.91<\/p>\n<\/td>\n<\/tr>\n 10\/10\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 101,510,638.30<\/p>\n<\/td>\n \n<\/td>\n 12\/11\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 92,276,595.74<\/p>\n<\/td>\n<\/tr>\n 10\/11\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 101,361,702.13<\/p>\n<\/td>\n \n<\/td>\n 12\/12\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 92,127,659.57<\/p>\n<\/td>\n<\/tr>\n 10\/12\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 101,212,765.96<\/p>\n<\/td>\n \n<\/td>\n 12\/13\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 91,978,723.40<\/p>\n<\/td>\n<\/tr>\n 10\/13\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 101,063,829.79<\/p>\n<\/td>\n \n<\/td>\n 12\/14\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 91,829,787.23<\/p>\n<\/td>\n<\/tr>\n 10\/14\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 100,914,893.62<\/p>\n<\/td>\n \n<\/td>\n 12\/15\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 91,680,851.06<\/p>\n<\/td>\n<\/tr>\n 10\/15\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 100,765,957.45<\/p>\n<\/td>\n \n<\/td>\n 12\/16\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 91,531,914.89<\/p>\n<\/td>\n<\/tr>\n 10\/16\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 100,617,021.28<\/p>\n<\/td>\n \n<\/td>\n 12\/17\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 91,382,978.72<\/p>\n<\/td>\n<\/tr>\n 10\/17\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 100,468,085.11<\/p>\n<\/td>\n \n<\/td>\n 12\/18\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 91,234,042.55<\/p>\n<\/td>\n<\/tr>\n 10\/18\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 100,319,148.94<\/p>\n<\/td>\n \n<\/td>\n 12\/19\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 91,085,106.38<\/p>\n<\/td>\n<\/tr>\n 10\/19\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 100,170,212.77<\/p>\n<\/td>\n \n<\/td>\n 12\/20\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 90,936,170.21<\/p>\n<\/td>\n<\/tr>\n 10\/20\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 100,021,276.60<\/p>\n<\/td>\n \n<\/td>\n 12\/21\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 90,787,234.04<\/p>\n<\/td>\n<\/tr>\n 10\/21\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 99,872,340.43<\/p>\n<\/td>\n \n<\/td>\n 12\/22\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 90,638,297.87<\/p>\n<\/td>\n<\/tr>\n 10\/22\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 99,723,404.26<\/p>\n<\/td>\n \n<\/td>\n 12\/23\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 90,489,361.70<\/p>\n<\/td>\n<\/tr>\n 10\/23\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 99,574,468.09<\/p>\n<\/td>\n \n<\/td>\n 12\/24\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 90,340,425.53<\/p>\n<\/td>\n<\/tr>\n 10\/24\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 99,425,531.91<\/p>\n<\/td>\n \n<\/td>\n 12\/25\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 90,191,489.36<\/p>\n<\/td>\n<\/tr>\n 10\/25\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 99,276,595.74<\/p>\n<\/td>\n \n<\/td>\n 12\/26\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 90,042,553.19<\/p>\n<\/td>\n<\/tr>\n 10\/26\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 99,127,659.57<\/p>\n<\/td>\n \n<\/td>\n 12\/27\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 89,893,617.02<\/p>\n<\/td>\n<\/tr>\n 10\/27\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 98,978,723.40<\/p>\n<\/td>\n \n<\/td>\n 12\/28\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 89,744,680.85<\/p>\n<\/td>\n<\/tr>\n 10\/28\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 98,829,787.23<\/p>\n<\/td>\n \n<\/td>\n 12\/29\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 89,595,744.68<\/p>\n<\/td>\n<\/tr>\n 10\/29\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 98,680,851.06<\/p>\n<\/td>\n \n<\/td>\n 12\/30\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 89,446,808.51<\/p>\n<\/td>\n<\/tr>\n 10\/30\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 98,531,914.89<\/p>\n<\/td>\n \n<\/td>\n 12\/31\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 89,297,872.34<\/p>\n<\/td>\n<\/tr>\n 10\/31\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 98,382,978.72<\/p>\n<\/td>\n \n<\/td>\n 1\/1\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 89,148,936.17<\/p>\n<\/td>\n<\/tr>\n 11\/1\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 98,234,042.55<\/p>\n<\/td>\n \n<\/td>\n 1\/2\/2012<\/strong><\/p>\n<\/td>\n \n<\/td>\n $<\/strong><\/p>\n<\/td>\n 89,000,000.00<\/strong><\/p>\n<\/td>\n<\/tr>\n 11\/2\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 98,085,106.38<\/p>\n<\/td>\n \n<\/td>\n 1\/3\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 88,851,063.83<\/p>\n<\/td>\n<\/tr>\n 11\/3\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 97,936,170.21<\/p>\n<\/td>\n \n<\/td>\n 1\/4\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 88,702,127.66<\/p>\n<\/td>\n<\/tr>\n 11\/4\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 97,787,234.04<\/p>\n<\/td>\n \n<\/td>\n 1\/5\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 88,553,191.49<\/p>\n<\/td>\n<\/tr>\n 11\/5\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 97,638,297.87<\/p>\n<\/td>\n \n<\/td>\n 1\/6\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 88,404,255.32<\/p>\n<\/td>\n<\/tr>\n 11\/6\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 97,489,361.70<\/p>\n<\/td>\n \n<\/td>\n 1\/7\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 88,255,319.15<\/p>\n<\/td>\n<\/tr>\n 11\/7\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 97,340,425.53<\/p>\n<\/td>\n \n<\/td>\n 1\/8\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 88,106,382.98<\/p>\n<\/td>\n<\/tr>\n 11\/8\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 97,191,489.36<\/p>\n<\/td>\n \n<\/td>\n 1\/9\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 87,957,446.81<\/p>\n<\/td>\n<\/tr>\n 11\/9\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 97,042,553.19<\/p>\n<\/td>\n \n<\/td>\n 1\/10\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 87,808,510.64<\/p>\n<\/td>\n<\/tr>\n 11\/10\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 96,893,617.02<\/p>\n<\/td>\n \n<\/td>\n 1\/11\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 87,659,574.47<\/p>\n<\/td>\n<\/tr>\n 11\/11\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 96,744,680.85<\/p>\n<\/td>\n \n<\/td>\n 1\/12\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 87,510,638.30<\/p>\n<\/td>\n<\/tr>\n 11\/12\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 96,595,744.68<\/p>\n<\/td>\n \n<\/td>\n 1\/13\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 87,361,702.13<\/p>\n<\/td>\n<\/tr>\n 11\/13\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 96,446,808.51<\/p>\n<\/td>\n \n<\/td>\n 1\/14\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 87,212,765.96<\/p>\n<\/td>\n<\/tr>\n 11\/14\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 96,297,872.34<\/p>\n<\/td>\n \n<\/td>\n 1\/15\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 87,063,829.79<\/p>\n<\/td>\n<\/tr>\n 11\/15\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 96,148,936.17<\/p>\n<\/td>\n \n<\/td>\n 1\/16\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 86,914,893.62<\/p>\n<\/td>\n<\/tr>\n 11\/16\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 96,000,000.00<\/p>\n<\/td>\n \n<\/td>\n 1\/17\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 86,765,957.45<\/p>\n<\/td>\n<\/tr>\n 11\/17\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 95,851,063.83<\/p>\n<\/td>\n \n<\/td>\n 1\/18\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 86,617,021.28<\/p>\n<\/td>\n<\/tr>\n 11\/18\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 95,702,127.66<\/p>\n<\/td>\n \n<\/td>\n 1\/19\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 86,468,085.11<\/p>\n<\/td>\n<\/tr>\n 11\/19\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 95,553,191.49<\/p>\n<\/td>\n \n<\/td>\n 1\/20\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 86,319,148.94<\/p>\n<\/td>\n<\/tr>\n 11\/20\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 95,404,255.32<\/p>\n<\/td>\n \n<\/td>\n 1\/21\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 86,170,212.77<\/p>\n<\/td>\n<\/tr>\n 11\/21\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 95,255,319.15<\/p>\n<\/td>\n \n<\/td>\n 1\/22\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 86,021,276.60<\/p>\n<\/td>\n<\/tr>\n 11\/22\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 95,106,382.98<\/p>\n<\/td>\n \n<\/td>\n 1\/23\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 85,872,340.43<\/p>\n<\/td>\n<\/tr>\n 11\/23\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 94,957,446.81<\/p>\n<\/td>\n \n<\/td>\n 1\/24\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 85,723,404.26<\/p>\n<\/td>\n<\/tr>\n 11\/24\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 94,808,510.64<\/p>\n<\/td>\n \n<\/td>\n 1\/25\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 85,574,468.09<\/p>\n<\/td>\n<\/tr>\n 11\/25\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 94,659,574.47<\/p>\n<\/td>\n \n<\/td>\n 1\/26\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 85,425,531.92<\/p>\n<\/td>\n<\/tr>\n 11\/26\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 94,510,638.30<\/p>\n<\/td>\n \n<\/td>\n 1\/27\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 85,276,595.75<\/p>\n<\/td>\n<\/tr>\n 11\/27\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 94,361,702.13<\/p>\n<\/td>\n \n<\/td>\n 1\/28\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 85,127,659.58<\/p>\n<\/td>\n<\/tr>\n 11\/28\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 94,212,765.96<\/p>\n<\/td>\n \n<\/td>\n 1\/29\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 84,978,723.41<\/p>\n<\/td>\n<\/tr>\n 11\/29\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 94,063,829.79<\/p>\n<\/td>\n \n<\/td>\n 1\/30\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 84,829,787.24<\/p>\n<\/td>\n<\/tr>\n 11\/30\/2011<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 93,914,893.62<\/p>\n<\/td>\n \n<\/td>\n 1\/31\/2012<\/p>\n<\/td>\n \n<\/td>\n $<\/p>\n<\/td>\n 84,680,851.07<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n
\nDay from, and including, September 30, 2011 to, and including, January 31, 2012,
\noccurring after the Transferor has provided at least 10 Business Days153
\nirrevocable prior written notice to each of Chase USA and the Note Purchaser of
\nthe purchase of the Note, which notice shall specify the date on which payment
\nfor the Note shall occur (the “Purchase Date<\/u>“), the Transferor or any of
\nits affiliates, including Target, shall purchase the Note, in full, but not in
\npart, by wire transfer of immediately available funds to the Indenture Trustee
\nfor further wire transfer to the Note Purchaser by 2:00 p.m. (New York time) on
\nthe Purchase Date (or via any other funds flow previously agreed upon between
\nthe Transferor and the Note Purchaser) in an amount equal to the sum<\/em>
\nof (i) the product<\/em> of (x) the Note Principal Balance as of the most
\nrecent Distribution Date prior to such purchase date and (y) one (1)
\nminus<\/em> the Adjustment Percentage for the most recent Distribution Date
\nprior to such purchase date, (ii) accrued and unpaid interest up to but not
\nincluding such purchase date and (iii) the amount specified for such date on
\nSchedule A.<\/p>\n<\/p>\n
\nconstitute the full and final satisfaction of all monetary obligations due and
\nowing to the Note Purchaser with respect to the Note.<\/p>\n<\/p>\n
\nhereto, including the Note Purchaser and Chase USA, hereby agrees to execute and
\ndeliver such purchase agreements, assignments, consents (including consents to
\namendments to the Basic Documents), or certificates as Target may reasonably
\ndeem necessary or appropriate, in form and substance reasonably satisfactory to
\neach such party, including each of the Note Purchaser and Chase USA, in
\nconnection with the purchase of the Note contemplated in clause (a) above, the
\ncancellation of the Note, the termination of the Issuer and the termination of
\nTarget Credit Card Master Trust; provided<\/em>, that neither the Note
\nPurchaser nor Chase USA shall have any obligation under this Section 21(b) after
\nthe Purchase Date.<\/p>\n
\nmore counterparts (and by different parties on separate counterparts), each of
\nwhich shall be an original, but all of which together shall constitute one and
\nthe same instrument.<\/p>\n<\/p>\n
\nSection headings herein are for convenience only and shall not affect the
\nconstruction hereof.<\/p>\n<\/p>\n
\nshall be invalid, illegal or unenforceable, the validity, legality, and
\nenforceability of the remaining provisions shall not be affected or impaired
\nthereby.<\/p>\n<\/p>\n
\nBY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
\nREFERENCE TO ITS CONFLICT OF LAWS PROVISIONS (OTHER THAN SECTION 5-1401 OF THE
\nGENERAL OBLIGATIONS <\/strong><\/p>\n
\n
\nHEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.<\/strong><\/p>\n<\/p>\n
\nTHE FEDERAL AND STATE COURTS IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK
\nIN ANY SUIT OR PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE PURCHASE
\nAGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.<\/strong><\/p>\n<\/p>\n
\nof the tenth (10th) Business Day after the day and year first above written (the
\n“Effective Date<\/u>“). Any requirement of notice or delivery of any other
\ndocument required in connection with this Amendment is hereby waived by each
\nparty entitled to such notice or other document.<\/p>\n<\/p>\n
\nEffective Date, (i) this Amendment shall be a part of the Note Purchase
\nAgreement and (ii) each reference in the Note Purchase Agreement to “this
\nAgreement”, “the Note Purchase Agreement”, “hereof”, “hereunder” or words of
\nlike import, and each reference in any other transaction document to the Note
\nPurchase Agreement, shall mean and be a reference to the Note Purchase Agreement
\nas amended hereby.<\/p>\n<\/p>\n
\nterms, covenants, provisions, agreements and conditions of the Note Purchase
\nAgreement are hereby ratified and confirmed in every respect and shall remain
\nunmodified and unchanged and shall continue in full force and effect.<\/p>\n<\/p>\n
\n
\nexecuted by their respective officers as of the day and year first above
\nwritten.<\/p>\n<\/p>\n\n\n
\n \n<\/td>\n \n \n \n<\/td>\n \n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n \n \n \n<\/td>\n \n<\/td>\n \n \n \n \n<\/td>\n \n<\/td>\n \n \n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n \n \n \n<\/td>\n \n<\/td>\n \n \n \n \n<\/td>\n \n<\/td>\n \n \n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n \n \n \n<\/td>\n \n<\/td>\n \n \n \n \n<\/td>\n \n<\/td>\n \n \n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n<\/td>\n<\/tr>\n \n \n<\/td>\n \n \n \n \n<\/td>\n \n<\/td>\n \n \n \n \n<\/td>\n \n<\/td>\n \n \n
\n\n\n
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