Common use of Credit Card Agreements and Guidelines Clause in Contracts

Credit Card Agreements and Guidelines. Subject to compliance with all Requirements of Law, and the paragraph above, the Seller may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Guidelines of the Seller in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by the paragraph above, the Seller shall take no such action unless (i) at the time of such action, the Seller reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to any comparable segment of accounts owned by the Seller which have characteristics the same as, or substantially similar to, such Accounts or Additional Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Seller and an unrelated third party or by the terms of the Credit Agreement. Pursuant to the Amended and Restated Receivables Purchase Agreement (as may be amended from time to time, the “HAFC II RPA”), dated as of March 1, 2002, between HRAC II and HAFC II, HRAC II has sold and will, from time to time, continue to sell certain Purchased Assets to HAFC II. Pursuant to the Amended and Restated Pooling and Servicing Agreement (as amended and supplemented and as may be further amended and supplemented from time to time, the “Affinity Trust PSA”), dated as of August 1, 1993, among HAFC II (as successor in interest to Household Affinity Funding Corporation), Household Finance Corporation and The Bank of New York, as Trustee (the “Trustee”) of the Affinity Trust, HAFC II has sold and will, from time to time, continue to sell certain Purchased Assets to The Bank of New York, as Trustee of the Affinity Trust. With respect to the Affinity Trust, references in the Agreement to Schedule 3 shall refer to the following: Trust – The Household Affinity Credit Card Master Trust I Purchaser – HAFC II Trustee – The Bank of New York Servicer – Household Finance Corporation The applicable agreements – The HAFC II RPA and the PSA

Credit Card Agreements and Guidelines. Subject to compliance with all Requirements of Law, and the paragraph above, the Seller may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Card Guidelines of the Seller in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by the paragraph above, the Seller shall take no such action unless (i) with respect to the applicable Credit Agreements or the applicable Credit Card Guidelines of the Seller, which, at the time of such action, the Seller reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to any comparable segment have a material adverse effect on the holders of accounts owned by certificates in the Seller which have characteristics the same as, or substantially similar to, such Accounts or Additional Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Seller and an unrelated third party or by the terms of the Credit AgreementAffinity Trust. Pursuant to the Amended and Restated Receivables Purchase Agreement (as may be amended from time to time, the “HAFC II HFC Card RPA”), dated as of March July 1, 2002, between HRAC II and HAFC IIHFC Card, HRAC II has sold and will, from time to time, continue to sell certain Purchased Assets to HAFC IIHFC Card. Pursuant to the Amended and Restated Pooling and Servicing Agreement (as amended and supplemented and as may be further amended and supplemented from time to time, the “Affinity Base Trust PSA”), dated as of August December 1, 19931995, among HAFC II HFC Card (as successor in interest to Household Affinity Card Funding Corporation), Household Finance Corporation and The Bank of New York, as Trustee (the “Trustee”) of the Affinity Base Trust, HAFC II HFC Card has sold and will, from time to time, continue to sell certain Purchased Assets to The Bank of New York, as Trustee of the Affinity Base Trust. With respect to the Affinity Base Trust, references in the Agreement to Schedule 3 shall refer to the following: Trust – The Household Affinity Credit Card Master Trust I Purchaser – HAFC II HFC Card Trustee – The Bank of New York Servicer – Household Finance Corporation The applicable agreements – The HAFC II HFC Card RPA and the Base Trust PSA

Credit Card Agreements and Guidelines. Subject to compliance with all Requirements of Law, and the paragraph above, the Seller may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Card Guidelines of the Seller in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by the paragraph above, the Seller shall take no such action unless (i) with respect to the applicable Credit Agreements or the applicable Credit Card Guidelines of the Seller, which, at the time of such action, the Seller reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to any comparable segment have a material adverse effect on the holders of accounts owned by certificates in the Seller which have characteristics the same as, or substantially similar to, such Accounts or Additional Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Seller and an unrelated third party or by the terms of the Credit AgreementBase Trust. Pursuant to the Amended and Restated Receivables Purchase Agreement (as may be amended from time to time, the “HAFC II III RPA”), dated as of March 1February 18, 20022003, between HRAC II and HAFC IIIII, HRAC II has sold and will, from time to time, continue to sell certain Purchased Assets to HAFC IIIII. Pursuant to the Amended and Restated Pooling and Servicing Transfer Agreement (as amended and supplemented and as may be further amended and supplemented from time to time, the “Affinity Trust PSAHAFC III TSA”), dated as of August 1March 13, 1993, 2003 among HAFC II (as successor in interest to Household Affinity Funding Corporation)III, Household Finance Corporation Corporation, and The Bank of New York, as Trustee (the “Trustee”) of the Household Affinity TrustCredit Card Master Note Trust I, HAFC II III has sold and will, from time to time, continue to sell certain Purchased Assets to the GM Trust. Pursuant to the Amended and Restated Master Indenture (as supplemented and as may be amended and further supplemented from time to time, the “Indenture”), dated as of March 13, 2003, between the GM Trust, as Issuer, and The Bank of New York, as Indenture Trustee (the “Indenture Trustee”), the Issuer has granted and will continue to grant to the Indenture Trustee, for the benefit of the Affinity holders of notes in the GM Trust, all of its right, title and interest in certain Purchased Assets. With respect to the Affinity GM Trust, references in the Agreement to Schedule 3 shall refer to the following: Trust – -— The Household Affinity Credit Card Master Note Trust I Purchaser – -— HAFC II III Trustee – -— Wilmington Trust Company, as Owner Trustee and The Bank of New York York, as Indenture Trustee Servicer – — Household Finance Corporation The applicable agreements – — The HAFC II RPA III RPA, the HAFC III TSA and the PSAIndenture

Credit Card Agreements and Guidelines. Subject to compliance with all Requirements of Law, and the paragraph above, the Seller may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Card Guidelines of the Seller in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by the paragraph above, the Seller shall take no such action unless (i) with respect to the applicable Credit Agreements or the applicable Credit Card Guidelines of the Seller, which, at the time of such action, the Seller reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to any comparable segment have a material adverse effect on the holders of accounts owned by certificates in the Seller which have characteristics the same as, or substantially similar to, such Accounts or Additional Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Seller and an unrelated third party or by the terms of the Credit AgreementAffinity Trust. Pursuant to the Amended and Restated Receivables Purchase Agreement (as may be amended from time to time, the “HAFC II HFC Card RPA”), dated as of March July 1, 2002, between HRAC II and HAFC IIHFC Card, HRAC II has sold and will, from time to time, continue to sell certain Purchased Assets to HAFC IIHFC Card. Pursuant to the Amended and Restated Pooling and Servicing Agreement (as amended and supplemented and as may be further amended and supplemented from time to time, the “Affinity Base Trust PSA”), dated as of August December 1, 19931995, among HAFC II HFC Card (as successor in interest to Household Affinity Card Funding Corporation), Household Finance Corporation and The Bank of New York, as Trustee (the “Trustee”) of the Affinity Base Trust, HAFC II HFC Card has sold and will, from time to time, continue to sell certain Purchased Assets to The Bank of New York, as Trustee of the Affinity Base Trust. With respect to the Affinity Base Trust, references in the Agreement to Schedule 3 shall refer to the following: Trust – — The Household Affinity Credit Card Master Trust I Purchaser – HAFC II — HFC Card Trustee – — The Bank of New York Servicer – — Household Finance Corporation The applicable agreements – — The HAFC II HFC Card RPA and the Base Trust PSA

Credit Card Agreements and Guidelines. Subject to compliance with all Requirements of Law, and the paragraph above, the Seller Bank may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Guidelines of the Seller Bank in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by the paragraph above, the Seller Bank shall take no such action unless (i) at the time of such action, the Seller Bank reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to any comparable segment of accounts owned by the Seller Bank which have characteristics the same as, or substantially similar to, such Accounts or Additional Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Seller Bank and an unrelated third party or by the terms of the Credit Agreement. Pursuant to the Amended and Restated Receivables Purchase Agreement (as may be amended from time to time, the “HAFC II III RPA”), dated as of March 1February 18, 20022003, between HRAC II and Household Affinity Funding Corporation III (“HAFC IIIII”), HRAC II has sold and will, from time to time, continue to sell certain Purchased Assets to HAFC IIIII. Pursuant to the Amended and Restated Pooling Transfer and Servicing Agreement (as amended and supplemented and as may be further amended and supplemented from time to time, the “Affinity Trust PSAHAFC III TSA”), dated as of August 1March 13, 1993, 2003 among HAFC II III, HSBC Finance Corporation (as successor in interest by merger to Household Affinity Funding Finance Corporation), and Household Finance Corporation and The Bank of New York, as Trustee (the “Trustee”) of the Affinity TrustCredit Card Master Note Trust I, HAFC II III has sold and will, from time to time, continue to sell certain Purchased Assets to the Affinity Trust. Pursuant to the Amended and Restated Master Indenture (as supplemented and as may be amended and further supplemented from time to time, the “Indenture”), dated as of March 13, 2003, between the Affinity Trust, as Issuer, and The Bank of New York, as Indenture Trustee (the “Indenture Trustee”), the Issuer has granted and will continue to grant to the Indenture Trustee, for the benefit of the holders of notes in the Affinity Trust, all of its right, title and interest in certain Purchased Assets. With respect to the Affinity Trust, references in the Agreement to Schedule 3 shall refer to the following: Trust – — The Household Affinity Credit Card Master Note Trust I Purchaser – — HAFC II III Trustee – — Wilmington Trust Company, as Owner Trustee and The Bank of New York York, as Indenture Trustee Servicer – Household — HSBC Finance Corporation The applicable agreements – — The HAFC II RPA III RPA, the HAFC III TSA and the PSAIndenture

Credit Card Agreements and Guidelines. Subject to compliance with all Requirements of Law, and the paragraph above, the Seller may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Card Guidelines of the Seller in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by the paragraph above, the Seller shall take no such action unless (i) with respect to the applicable Credit Agreements or the applicable Credit Card Guidelines of the Seller, which, at the time of such action, the Seller reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to any comparable segment have a material adverse effect on the holders of accounts owned by certificates in the Seller which have characteristics the same as, or substantially similar to, such Accounts or Additional Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Seller and an unrelated third party or by the terms of the Credit AgreementBase Trust. Pursuant to the Amended and Restated Receivables Purchase Agreement (as may be amended from time to time, the “HAFC II III RPA”), dated as of March 1February 18, 20022003, between HRAC II and HAFC IIIII, HRAC II has sold and will, from time to time, continue to sell certain Purchased Assets to HAFC IIIII. Pursuant to the Amended and Restated Pooling and Servicing Transfer Agreement (as amended and supplemented and as may be further amended and supplemented from time to time, the “Affinity Trust PSAHAFC III TSA”), dated as of August 1March 13, 1993, 2003 among HAFC II (as successor in interest to Household Affinity Funding Corporation)III, Household Finance Corporation Corporation, and The Bank of New York, as Trustee (the “Trustee”) of the Household Affinity TrustCredit Card Master Note Trust I, HAFC II III has sold and will, from time to time, continue to sell certain Purchased Assets to the GM Trust. Pursuant to the Amended and Restated Master Indenture (as supplemented and as may be amended and further supplemented from time to time, the “Indenture”), dated as of March 13, 2003, between the GM Trust, as Issuer, and The Bank of New York, as Indenture Trustee (the “Indenture Trustee”), the Issuer has granted and will continue to grant to the Indenture Trustee, for the benefit of the Affinity holders of notes in the GM Trust, all of its right, title and interest in certain Purchased Assets. With respect to the Affinity GM Trust, references in the Agreement to Schedule 3 shall refer to the following: Trust – — The Household Affinity Credit Card Master Note Trust I Purchaser – — HAFC II III Trustee – — Wilmington Trust Company, as Owner Trustee and The Bank of New York York, as Indenture Trustee Servicer – Household Finance Corporation The applicable agreements – The HAFC II RPA III RPA, the HAFC III TSA and the PSAIndenture The Section 5.1 covenants:

Credit Card Agreements and Guidelines. Subject to compliance with all Requirements of Law, and the paragraph above, the Seller Bank may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Guidelines of the Seller Bank in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by the paragraph above, the Seller Bank shall take no such action unless (i) at the time of such action, the Seller Bank reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to any comparable segment of accounts owned by the Seller Bank which have characteristics the same as, or substantially similar to, such Accounts or Additional Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Seller Bank and an unrelated third party or by the terms of the Credit Agreement. Pursuant to the Amended and Restated Receivables Purchase Agreement (as may be amended from time to time, the “HAFC II III RPA”), dated as of March 1February 18, 20022003, between HRAC II and Household Affinity Funding Corporation III (“HAFC IIIII”), HRAC II has sold and will, from time to time, continue to sell certain Purchased Assets to HAFC IIIII. Pursuant to the Amended and Restated Pooling Transfer and Servicing Agreement (as amended and supplemented and as may be further amended and supplemented from time to time, the “Affinity Trust PSAHAFC III TSA”), dated as of August 1March 13, 1993, 2003 among HAFC II III, HSBC Finance Corporation (as successor in interest by merger to Household Affinity Funding Finance Corporation), and Household Finance Corporation and The Bank of New York, as Trustee (the “Trustee”) of the Affinity TrustCredit Card Master Note Trust I, HAFC II III has sold and will, from time to time, continue to sell certain Purchased Assets to the Affinity Trust. Pursuant to the Amended and Restated Master Indenture (as supplemented and as may be amended and further supplemented from time to time, the “Indenture”), dated as of March 13, 2003, between the Affinity Trust, as Issuer, and The Bank of New York, as Indenture Trustee (the “Indenture Trustee”), the Issuer has granted and will continue to grant to the Indenture Trustee, for the benefit of the holders of notes in the Affinity Trust, all of its right, title and interest in certain Purchased Assets. With respect to the Affinity Trust, references in the Agreement to Schedule 3 shall refer to the following: Trust – — The Household Affinity Credit Card Master Note Trust I Purchaser – HAFC II III Trustee – Wilmington Trust Company, as Owner Trustee and The Bank of New York York, as Indenture Trustee Servicer – Household HSBC Finance Corporation The applicable agreements – The HAFC II RPA III RPA, the HAFC III TSA and the PSAIndenture The Section 5.1 covenants: