Common use of Terms of Sale Clause in Contracts

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.65286% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286% of the aggregate principal amount of the Notes. Closing Date: September 27, 2021, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer SCHEDULE I UNDERWRITERS $600,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021-2) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo Securities, LLC $ 120,000,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.67235% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.97235% of the aggregate principal amount of the Notes. Closing Date: September 27April 19, 20212016, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. CITIGROUP GLOBAL MARKETS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC Director BARCLAYS CAPITAL INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Xxxxxxxx Xx Xxxxxxxx Xx Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer Xxxxxxx DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxx Xxxxxx [Signature Page to Class A(2016-3) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 300,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2016-23) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 43,000,000 Barclays Capital Inc. $ 43,000,000 Deutsche Bank Securities Inc. $ 42,800,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 42,800,000 Mitsubishi UFJ Securities (USA), Inc. $ 42,800,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo Securities, LLC 42,800,000 RBS Securities Inc. $ 120,000,000 42,800,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.72284% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.97284% of the aggregate principal amount of the Notes. Closing Date: September 27July 31, 20212018, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital MarketsCAPITAL MARKETS, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC Authorized Signatory MUFG SECURITIES AMERICAS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Xxx Xxxx Name: Xxxxxx Xxxxxxx Xxx Xxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer Secretary DISCOVER FUNDING LLC By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, President and Chief Financial Executive Officer and Treasurer [Signature Page to Class A(2018-4) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 900,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2018-24) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 RBC Capital Markets, LLC $ 120,000,000 130,000,000 MUFG Securities Americas Inc. $ 130,000,000 Barclays Capital Inc. $ 128,000,000 Deutsche Bank Securities Inc. $ 128,000,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Fargo Incorporated $ 128,000,000 NatWest Markets Securities Inc. $ 128,000,000 SG Americas Securities, LLC $ 120,000,000 128,000,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.74420% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.99420% of the aggregate principal amount of the Notes. Closing Date: September 27April 11, 20212023, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays RBC Capital Inc. Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx X. Xxxxxx Name: Xxxxxx Xxxxx X. Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Authorized Signatory [Signature Page to Class A(2023-1) Terms Agreement] Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital MarketsManaging Director BofA Securities, LLC Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Xxxx Xxxxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Xxxx Xxxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer [Signature Page to Class A(2023-1) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 1,250,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2023-21) Notes Name of Underwriter Principal Amount Barclays Xxxxxx RBC Capital Markets, LLC. $ 378,790,000 Citigroup Global Markets Inc. $ 120,000,000 378,788,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global 378,788,000 Loop Capital Markets Inc. $ 120,000,000 RBC Capital Markets, LLC $ 120,000,000 37,878,000 TD Securities (USA) LLC $ 37,878,000 Xxxxx Fargo Securities, LLC $ 120,000,000 37,878,000 ANNEX 1 [PRELIMINARY PROSPECTUS] [Delivered or otherwise made available separately.] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS]

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.74788% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.99788% of the aggregate principal amount of the Notes. Closing Date: September 27February 1, 20212019, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. BARCLAYS CAPITAL INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Xxxx Xxxxx Name: Xxxxxx Xxxxxx Xxxx Xxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. CITIGROUP GLOBAL MARKETS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, President and Chief Financial Executive Officer and Treasurer SCHEDULE I UNDERWRITERS $600,000,000 1,250,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2019-21) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 179,000,000 Citigroup Global Markets Inc. $ 120,000,000 179,000,000 Deutsche Bank Securities Inc. $ 178,400,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 178,400,000 MUFG Securities Americas Inc. $ 178,400,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo 178,400,000 SG Americas Securities, LLC $ 120,000,000 178,400,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.72440% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.97440% of the aggregate principal amount of the Notes. Closing Date: September 27May 5, 20212014, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. BARCLAYS CAPITAL INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, CREDIT SUISSE SECURITIES (USA) LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Xxxx Xxxxxxxxx Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLCBank, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2014-3) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 1,000,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2014-23) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities143,000,000 Credit Suisse Securities (USA) LLC $ 143,000,000 X.X. Xxxxxx Securities LLC $ 142,800,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 142,800,000 Mitsubishi UFJ Securities (USA), Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 142,800,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo 142,800,000 SG Americas Securities, LLC $ 120,000,000 142,800,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 3

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.77500% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00000% of the aggregate principal amount of the Notes. Closing Date: September 27April 19, 20212016, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. CITIGROUP GLOBAL MARKETS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC Director BARCLAYS CAPITAL INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Xxxxxxxx Xx Xxxxxxxx Xx Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer Xxxxxxx DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxx Xxxxxx [Signature Page to Class A(2016-2) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 550,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2016-2) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 78,750,000 Barclays Capital Inc. $ 78,750,000 Deutsche Bank Securities Inc. $ 78,500,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 78,500,000 Mitsubishi UFJ Securities (USA), Inc. $ 78,500,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo Securities, LLC 78,500,000 RBS Securities Inc. $ 120,000,000 78,500,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.74006% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.99006% of the aggregate principal amount of the Notes. Closing Date: September 27June 13, 20212012, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as BARCLAYS CAPITAL INC. As a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as X.X. XXXXXX SECURITIES LLC As a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLCBank, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2012-3) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 800,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2012-23) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities114,500,000 X.X. Xxxxxx Securities LLC $ 114,500,000 Credit Suisse Securities (USA) LLC $ 114,200,000 Xxxxxxx, Xxxxx & Co. $ 114,200,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 114,200,000 Mitsubishi UFJ Securities (USA), Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 114,200,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo Securities, LLC $ 120,000,000 114,200,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 3

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.67500% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00000% of the aggregate principal amount of the Notes. Closing Date: September 27June 30, 20212017, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. DEUTSCHE BANK SECURITIES INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Xxxxxxx Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxxx Xxxxx Xxxxxxxxx Title: Xxxxxx Vice President RBC Capital MarketsCAPITAL MARKETS, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Authorized Signatory [Signature Page to Class A(2017-5) Terms Agreement] Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx Xxxxxxx Xxxxxxx X. Xxxx Title: Xxxxxxx Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx Xxxxxxx Xxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Xxxxxxx Vice President, Chief Financial Officer and Treasurer DISCOVER FUNDING LLC By: /s/ Xxx Xxxxxx Xxx Xxxxxx President and Chief Executive Officer [Signature Page to Class A(2017-5) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 925,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2017-25) Notes Name of Underwriter Principal Amount Barclays Capital Deutsche Bank Securities Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 132,500,000 RBC Capital Markets, LLC $ 120,000,000 132,500,000 Barclays Capital Inc. $ 132,000,000 Citigroup Global Markets Inc. $ 132,000,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Fargo Incorporated $ 132,000,000 MUFG Securities Americas Inc. $ 132,000,000 SG Americas Securities, LLC $ 120,000,000 132,000,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.725% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.000% of the aggregate principal amount of the Notes. Closing Date: September 27February 13, 20212013, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. X.X. XXXXXX SECURITIES LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxxxxx Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA SecuritiesXXXXXXX LYNCH, Inc. PIERCE, XXXXXX & XXXXX INCORPORATED as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President Xxxxxxx Xxxxxxx RBC Capital MarketsCAPITAL MARKETS, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLCBank, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2013-1) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 800,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2013-21) Notes Name of Underwriter Principal Amount Barclays Capital Inc. X.X. Xxxxxx Securities LLC $ 120,000,000 BofA Securities114,500,000 Xxxxxxx Lynch, Inc. Pierce, Xxxxxx & Xxxxx Incorporated $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 114,500,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo 114,500,000 Barclays Capital Inc. $ 114,125,000 Citigroup Global Markets Inc. $ 114,125,000 Mitsubishi UFJ Securities (USA), Inc. $ 114,125,000 SG Americas Securities, LLC $ 120,000,000 114,125,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 3

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.65596% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.95596% of the aggregate principal amount of the Notes. Closing Date: September 27August 5, 20212014, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. DEUTSCHE BANK SECURITIES INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto Xxxxxxx By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo SecuritiesRBC CAPITAL MARKETS, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director X. Xxx Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLCBank, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2014-4) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 1,200,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2014-24) Notes Name of Underwriter Principal Amount Barclays Capital Deutsche Bank Securities Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 171,500,000 RBC Capital Markets, LLC $ 120,000,000 171,500,000 Citigroup Global Markets Inc. $ 171,400,000 X.X. Xxxxxx Securities LLC $ 171,400,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Fargo Incorporated $ 171,400,000 RBS Securities Inc. $ 171,400,000 SG Americas Securities, LLC $ 120,000,000 171,400,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 3

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.72852% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.97852% of the aggregate principal amount of the Notes. Closing Date: September 27October 31, 20212019, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets ABS Banking & Finance [Signature Page to Class A(2019-3) Terms Agreement] Deutsche Bank Securities Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Xxxxxxx Name: Xxxxx Xxxxxxxxx Xxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo SG Americas Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Xxxxxx Name: Xxxxxx Xxxxxxx Xxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, President and Chief Financial Executive Officer and Treasurer [Signature Page to Class A(2019-3) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 1,000,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2019-23) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets 166,668,000 Deutsche Bank Securities Inc. $ 120,000,000 166,667,000 SG Americas Securities, LLC $ 166,667,000 MUFG Securities Americas Inc. $ 166,666,000 RBC Capital Markets, LLC $ 120,000,000 166,666,000 Xxxxx Fargo Securities, LLC $ 120,000,000 166,666,000 [Schedule I] ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.77500% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00000% of the aggregate principal amount of the Notes. Closing Date: September 27April 25, 20212017, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. CITIGROUP GLOBAL MARKETS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC Director MUFG SECURITIES AMERICAS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Xxx Xxxx Xxx Xxxx Executive Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director [Signature Page to Class A(2017-3) Terms Agreement] Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx Xxxxxxx Xxxxxxx X. Xxxx Title: Xxxxxxx Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx Xxxxxxx Xxxxxxx X. Xxxx Title: Xxxxxxx Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice Xxx Xxxxxx Xxx Xxxxxx President, Chief Financial Executive Officer and Treasurer [Signature Page to Class A(2017-3) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 350,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2017-23) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 50,250,000 MUFG Securities Americas Inc. $ 50,250,000 Barclays Capital Inc. $ 49,900,000 Deutsche Bank Securities Inc. $ 49,900,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo 49,900,000 RBS Securities Inc. $ 49,900,000 SG Americas Securities, LLC $ 120,000,000 49,900,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.74187% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.99187% of the aggregate principal amount of the Notes. Closing Date: September 27May 26, 20212022, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays RBC Capital Inc. Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer SCHEDULE I UNDERWRITERS $600,000,000 1,400,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2022-2) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 RBC Capital Markets, LLC $ 120,000,000 424,244,000 Citigroup Global Markets Inc. $ 424,242,000 Xxxxx Fargo Securities, LLC $ 120,000,000 424,242,000 Barclays Capital Inc. $ 42,424,000 Xxxxxxx Xxxxxxxx Xxxxx & Co., LLC $ 42,424,000 TD Securities (USA) LLC $ 42,424,000 ANNEX 1 [PRELIMINARY PROSPECTUS] [Delivered or otherwise made available separately.] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS]

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.72595% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.97595% of the aggregate principal amount of the Notes. Closing Date: September 27January 28, 20212016, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital MarketsXxxxxxxx Xxxxxxx SG AMERICAS SECURITIES, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER FUNDING LLC By: /s/ Xxx Xxxxxx Name: Xxx Xxxxxx Title: President, Chief Executive Officer [Signature Page to Class A(2016-1) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 1,000,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2016-21) Notes Name of Underwriter Principal Amount Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 143,000,000 SG Americas Securities, LLC $ 143,000,000 Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 142,800,000 Citigroup Global Markets Inc. $ 120,000,000 RBC Capital Markets, 142,800,000 Deutsche Bank Securities Inc. $ 142,800,000 X.X. Xxxxxx Securities LLC $ 120,000,000 Xxxxx Fargo Securities, LLC 142,800,000 RBS Securities Inc. $ 120,000,000 142,800,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.775% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00% of the aggregate principal amount of the Notes. Closing Date: September 27May 7, 20212013, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. CITIGROUP GLOBAL MARKETS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC RBS SECURITIES INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLCBank, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2013-3) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 900,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2013-23) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 RBC 128,750,000 RBS Securities Inc. $ 128,750,000 Barclays Capital Markets, Inc. $ 128,500,000 Credit Suisse Securities (USA) LLC $ 120,000,000 128,500,000 Deutsche Bank Securities Inc. $ 128,500,000 Xxxxxxx, Xxxxx Fargo Securities& Co. $ 128,500,000 Mitsubishi UFJ Securities (USA), LLC Inc. $ 120,000,000 128,500,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 3

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.72500% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00000% of the aggregate principal amount of the Notes. Closing Date: September 27October 11, 20212018, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Xxxxxxxx X. Xxxxxxx Name: Xxxxxx Xxxxxx Xxxxxxxx X. Xxxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets[Signature Page to Class A(2018-6) Terms Agreement] SG AMERICAS SECURITIES, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Xxxx Xxxxxxxx Name: Xxxxx Xxxxxx Xxxx Xxxxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC [Signature Page to Class A(2018-6) Terms Agreement] DEUTSCHE BANK SECURITIES INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxxxx Xxxxxxx Title: Managing Director By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Vice President Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, President and Chief Financial Executive Officer and Treasurer [Signature Page to Class A(2018-6) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 300,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2018-26) Notes Name of Underwriter Principal Amount Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 61,000,000 SG Americas Securities, LLC $ 61,000,000 Deutsche Bank Securities Inc. $ 61,000,000 Barclays Capital Inc. $ 120,000,000 BofA Securities, 58,500,000 NatWest Markets Securities Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo Securities, LLC $ 120,000,000 58,500,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.73861% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.98861% of the aggregate principal amount of the Notes. Closing Date: September 27February 22, 20212022, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer SCHEDULE I UNDERWRITERS $600,000,000 1,250,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2022-21) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 $378,790,000 BofA Securities, Inc. $ 120,000,000 $378,788,000 Citigroup Global Markets Inc. $ 120,000,000 $378,788,000 Xxxxxxx Xxxxx & Co. LLC $37,878,000 RBC Capital Markets, LLC $ 120,000,000 $37,878,000 Xxxxx Fargo Securities, LLC $ 120,000,000 $37,878,000 [Schedule I] ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 21A [PRELIMINARY PROSPECTUS, AS AMENDED] [Signature Page to Class A(2022-1) Terms Agreement] ANNEX 2 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 2A

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.725% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00% of the aggregate principal amount of the Notes. Closing Date: September January 27, 20212014, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, X.X. XXXXXX SECURITIES LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx X. Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo SecuritiesXXXXXXX LYNCH, LLC PIERCE, XXXXXX & XXXXX INCORPORATED as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Xxxx X. Xxxxxxxx Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLCBank, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2014-1) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 800,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2014-21) Notes Name of Underwriter Principal Amount X.X. Xxxxxx Securities LLC $ 114,500,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 114,500,000 Barclays Capital Inc. $ 120,000,000 BofA Securities114,200,000 Credit Suisse Securities (USA) LLC $ 114,200,000 Xxxxxxx, Sachs & Co. $ 114,200,000 Mitsubishi UFJ Securities (USA), Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo 114,200,000 SG Americas Securities, LLC $ 120,000,000 114,200,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 3

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.72500% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00000% of the aggregate principal amount of the Notes. Closing Date: September 27March 14, 20212018, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Xxxxxxxx X. Xxxxxxx Name: Xxxxxx Xxxxxx Xxxxxxxx X. Xxxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. CITIGROUP GLOBAL MARKETS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxx X. Xxxxxxx Name: Xxxxxxx X. Xxxxxxx Title: President and Chief Executive Officer SCHEDULE I UNDERWRITERS $600,000,000 550,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2018-2) Notes Name of Underwriter Principal Amount Barclays Capital Inc. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 120,000,000 BofA Securities, Inc. $ 120,000,000 78,750,000 Citigroup Global Markets Inc. $ 120,000,000 RBC 78,750,000 Barclays Capital Markets, LLC Inc. $ 120,000,000 Xxxxx Fargo 78,500,000 Deutsche Bank Securities Inc. $ 78,500,000 MUFG Securities Americas Inc. $ 78,500,000 RBS Securities Inc. $ 78,500,000 SG Americas Securities, LLC $ 120,000,000 78,500,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.73649% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.98649% of the aggregate principal amount of the Notes. Closing Date: September 27June 28, 20212023, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxx Xxxxx Xxxxxxxxx Name: Xxxx Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer [Signature Page to Class A(2023-2) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 1,000,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2023-2) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 Xxxxxx BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets 300,000,000 Barclays Capital Inc. $ 120,000,000 RBC Capital Markets, LLC $ 120,000,000 300,000,000 Xxxxx Fargo Securities, LLC $ 120,000,000 300,000,000 X.X. Xxxxxx Securities LLC $ 25,000,000 Xxxxxxxx Financial Group, Inc. $ 25,000,000 Xxxxxx Xxxxxxx & Co. LLC $ 25,000,000 Xxxxxxx Xxxxxxxx Xxxxx & Co., LLC $ 25,000,000 ANNEX 1 [PRELIMINARY PROSPECTUS] [Delivered or otherwise made available separately.] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS]

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.72500% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00000% of the aggregate principal amount of the Notes. Closing Date: September 27January 20, 20212017, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital MarketsXxxxxxxx Xxxxxxx SG AMERICAS SECURITIES, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director [Signature Page to Class A(2017-1) Terms Agreement] Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer Xxxxxxx DISCOVER FUNDING LLC By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2017-1) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 750,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2017-21) Notes Name of Underwriter Principal Amount Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 107,500,000 SG Americas Securities, LLC $ 107,500,000 Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 107,000,000 Citigroup Global Markets Inc. $ 120,000,000 107,000,000 Deutsche Bank Securities Inc. $ 107,000,000 MUFG Securities Americas Inc. $ 107,000,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo Securities, LLC $ 120,000,000 107,000,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.725% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00% of the aggregate principal amount of the Notes. Closing Date: September 27October 29, 20212013, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. DEUTSCHE BANK SECURITIES INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx NameXxxxxxx By: Xxxxx Xxxxxxxxx Title: Vice President /s/ Xxxxxx Xxxx RBC Capital MarketsCAPITAL MARKETS, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLCBank, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2013-6) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 550,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2013-26) Notes Name of Underwriter Principal Amount Barclays Capital Deutsche Bank Securities Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 78,750,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo Securities, 78,750,000 Citigroup Global Markets Inc. $ 78,500,000 X.X. Xxxxxx Securities LLC $ 120,000,000 78,500,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 78,500,000 Mitsubishi UFJ Securities (USA), Inc. $ 78,500,000 RBS Securities Inc. $ 78,500,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 3

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.74139% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.99139% of the aggregate principal amount of the Notes. Closing Date: September 2721, 20212016, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital MarketsCAPITAL MARKETS, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx X. Xxxxxx NameXxxxx X. Xxxxxx Authorized Signatory BARCLAYS CAPITAL INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxx Xxxxx Xxxxxx Title: Managing Xxxx Xxxxx Director Xxxxx Fargo Securities, LLC DEUTSCHE BANK SECURITIES INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx TitleDirector By: Managing /s/ Xxxxx Xxxxxx Xxxxx Xxxxxx Vice President MUFG SECURITIES AMERICAS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxx Xxxx Xxx Xxxx Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx Xxxxxxx Xxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx Xxxxxxx Xxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer Xxxxxxx DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxx Xxxxxx Xxx Xxxxxx [Signature Page to Class A(2016-4) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 1,200,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2016-24) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, 201,000,000 Deutsche Bank Securities Inc. $ 120,000,000 Citigroup Global Markets 201,000,000 MUFG Securities Americas Inc. $ 120,000,000 201,000,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo 201,000,000 SG Americas Securities, LLC $ 120,000,000 198,000,000 Credit Suisse Securities (USA) LLC $ 198,000,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.72500% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00000% of the aggregate principal amount of the Notes. Closing Date: September 27October 10, 20212017, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital MarketsCAPITAL MARKETS, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Managing Director Xxxxx Fargo SecuritiesAuthorized Signatory SG AMERICAS SECURITIES, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Xxxx Xxxxxxxx Name: Xxxxxx Xxxxxxx Xxxx Xxxxxxxx Title: Managing Director [Signature Page to Class A(2017-7) Terms Agreement] Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, President and Chief Financial Executive Officer and Treasurer [Signature Page to Class A(2017-7) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 825,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2017-27) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 RBC Capital Markets, LLC $ 120,000,000 118,000,000 SG Americas Securities, LLC $ 118,000,000 Citigroup Global Markets Inc. $ 117,800,000 Deutsche Bank Securities Inc. $ 117,800,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 117,800,000 RBS Securities Inc. $ 117,800,000 Xxxxx Fargo Securities, LLC $ 120,000,000 117,800,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.80000% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00000% of the aggregate principal amount of the Notes. Closing Date: September 27July 30, 20212019, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital RBC CAPITAL MARKETS, LLC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Authorized Signatory MUFG Securities Americas Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxx Xxxx Name: Xxxxxx Xxxxx Xxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Xxxxx Xxxxxxxx Name: Xxxxxx Xxxxxxx Xxxxx Xxxxxxxx Title: Managing Director Vice President Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, President and Chief Financial Executive Officer and Treasurer [Signature Page to Class A(2019-2) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 800,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2019-2) Notes Name of Underwriter Principal Amount Barclays Capital MUFG Securities Americas Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 161,000,000 RBC Capital Markets, LLC $ 120,000,000 161,000,000 Xxxxx Fargo Securities, LLC $ 120,000,000 161,000,000 BofA Securities, Inc. $ 158,500,000 SG Americas Securities, LLC $ 158,500,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.73713% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.98713% of the aggregate principal amount of the Notes. Closing Date: September 27November 28, 20212022, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Managing Director Barclays Capital Markets, LLC Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxx Xxxxx Xxxxxx Name: Xxxx Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer [Signature Page to Class A(2022-4) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 1,000,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2022-24) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Xxxxxx Citigroup Global Markets Inc. $ 120,000,000 RBC 303,031,000 Barclays Capital Markets, LLC Inc. $ 120,000,000 303,030,000 Xxxxx Fargo Securities, LLC $ 120,000,000 303,030,000 X.X. Xxxxxx Securities LLC $ 30,303,000 Xxxxxxxx Financial Group, Inc. $ 30,303,000 Xxxxxx Xxxxxxx & Co. LLC $ 30,303,000 [Schedule I] ANNEX 1 [PRELIMINARY PROSPECTUS] [Delivered or otherwise made available separately.] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS]

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.77500% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00000% of the aggregate principal amount of the Notes. Closing Date: September 27June 26, 20212018, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. BARCLAYS CAPITAL INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Xxxx Xxxxx Name: Xxxxxx Xxxxxx Xxxx Xxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital MarketsSG AMERICAS SECURITIES, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Xxxx Xxxxxxxx Name: Xxxxx Xxxxxx Xxxx Xxxxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director [Signature Page to Class A(2018-3) Terms Agreement] Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, President and Chief Financial Executive Officer and Treasurer [Signature Page to Class A(2018-3) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 525,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2018-23) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA 105,750,000 SG Americas Securities, Inc. LLC $ 120,000,000 105,750,000 Citigroup Global Markets Inc. $ 120,000,000 104,500,000 NatWest Markets Securities Inc. $ 104,500,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo Securities, LLC $ 120,000,000 104,500,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.775% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00% of the aggregate principal amount of the Notes. Closing Date: September 27August 7, 20212012, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as CREDIT SUISSE SECURITIES (USA) LLC As a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxx Xxxxxxxxx DEUTSCHE BANK SECURITIES INC. As a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto Xxx By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLCBank, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2012-5) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 650,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2012-25) Notes Name of Underwriter Principal Amount Barclays Capital Credit Suisse Securities (USA) LLC $ 93,000,000 Deutsche Bank Securities Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 93,000,000 Citigroup Global Markets Inc. $ 120,000,000 92,800,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 92,800,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo 92,800,000 RBS Securities Inc. $ 92,800,000 SG Americas Securities, LLC $ 120,000,000 92,800,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 3

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.72859% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.97859% of the aggregate principal amount of the Notes. Closing Date: September 27, 2021, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Title: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Title: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Title: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Title: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Title: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx X. Xxxx Name: Title: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx X. Xxxx Name: Title: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Title: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer SCHEDULE I UNDERWRITERS $600,000,000 1,150,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021-21) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 230,000,000 BofA Securities, Inc. $ 120,000,000 230,000,000 Citigroup Global Markets Inc. $ 120,000,000 230,000,000 RBC Capital Markets, LLC $ 120,000,000 230,000,000 Xxxxx Fargo Securities, LLC $ 120,000,000 230,000,000 [Schedule I] ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.72794% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.97794% of the aggregate principal amount of the Notes. Closing Date: September 27August 14, 20212017, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. BARCLAYS CAPITAL INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Xxxx Xxxxx Xxxx Xxxxx Director BofA Securities, Inc. MUFG SECURITIES AMERICAS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director [Signature Page to Class A(2017-6) Terms Agreement] Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx Xxxxxxx Xxxxxxx X. Xxxx Title: Xxxxxxx Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx Xxxxxxx Xxxxxxx X. Xxxx Title: Xxxxxxx Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx Xxxxxxx Xxxxxxx X. Xxxx Title: Xxxxxxx Vice President, Chief Financial Officer President and Assistant Treasurer [Signature Page to Class A(2017-6) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 1,300,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2017-26) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, 186,000,000 MUFG Securities Americas Inc. $ 120,000,000 186,000,000 Citigroup Global Markets Inc. $ 120,000,000 185,600,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 185,600,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo 185,600,000 RBS Securities Inc. $ 185,600,000 SG Americas Securities, LLC $ 120,000,000 185,600,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.60187% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.95187% of the aggregate principal amount of the Notes. Closing Date: September 27April 25, 20212017, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. CITIGROUP GLOBAL MARKETS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC Director MUFG SECURITIES AMERICAS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Xxx Xxxx Xxx Xxxx Executive Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director [Signature Page to Class A(2017-4) Terms Agreement] Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx Xxxxxxx Xxxxxxx X. Xxxx Title: Xxxxxxx Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx Xxxxxxx Xxxxxxx X. Xxxx Title: Xxxxxxx Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice Xxx Xxxxxx Xxx Xxxxxx President, Chief Financial Executive Officer and Treasurer [Signature Page to Class A(2017-4) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 400,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2017-24) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 57,500,000 MUFG Securities Americas Inc. $ 57,500,000 Barclays Capital Inc. $ 57,000,000 Deutsche Bank Securities Inc. $ 57,000,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo 57,000,000 RBS Securities Inc. $ 57,000,000 SG Americas Securities, LLC $ 120,000,000 57,000,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.73515% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.98515% of the aggregate principal amount of the Notes. Closing Date: September 27February 13, 20212013, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. X.X. XXXXXX SECURITIES LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxxxxx Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA SecuritiesXXXXXXX LYNCH, Inc. PIERCE, XXXXXX & XXXXX INCORPORATED as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President Xxxxxxx Xxxxxxx RBC Capital MarketsCAPITAL MARKETS, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLCBank, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2013-2) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 900,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2013-2) Notes Name of Underwriter Principal Amount Barclays Capital Inc. X.X. Xxxxxx Securities LLC $ 120,000,000 BofA Securities129,000,000 Xxxxxxx Lynch, Inc. Pierce, Xxxxxx & Xxxxx Incorporated $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 129,000,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo 129,000,000 Barclays Capital Inc. $ 128,250,000 Citigroup Global Markets Inc. $ 128,250,000 Mitsubishi UFJ Securities (USA), Inc. $ 128,250,000 SG Americas Securities, LLC $ 120,000,000 128,250,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 3

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.74733% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.99733% of the aggregate principal amount of the Notes. Closing Date: September 27October 11, 20212018, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Xxxxxxxx X. Xxxxxxx Name: Xxxxxx Xxxxxx Xxxxxxxx X. Xxxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets[Signature Page to Class A(2018-5) Terms Agreement] SG AMERICAS SECURITIES, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Xxxx Xxxxxxxx Name: Xxxxx Xxxxxx Xxxx Xxxxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC [Signature Page to Class A(2018-5) Terms Agreement] DEUTSCHE BANK SECURITIES INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxxxx Xxxxxxx Title: Managing Director By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Vice President Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, President and Chief Financial Executive Officer and Treasurer [Signature Page to Class A(2018-5) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 900,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2018-25) Notes Name of Underwriter Principal Amount Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 181,000,000 SG Americas Securities, LLC $ 181,000,000 Deutsche Bank Securities Inc. $ 181,000,000 Barclays Capital Inc. $ 120,000,000 BofA Securities, 178,500,000 NatWest Markets Securities Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo Securities, LLC $ 120,000,000 178,500,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.65323% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.95323% of the aggregate principal amount of the Notes. Closing Date: September 27January 20, 20212017, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital MarketsXxxxxxxx Xxxxxxx SG AMERICAS SECURITIES, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director [Signature Page to Class A(2017-2) Terms Agreement] Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer Xxxxxxx DISCOVER FUNDING LLC By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2017-2) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 550,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2017-2) Notes Name of Underwriter Principal Amount Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 78,750,000 SG Americas Securities, LLC $ 78,750,000 Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 78,500,000 Citigroup Global Markets Inc. $ 120,000,000 78,500,000 Deutsche Bank Securities Inc. $ 78,500,000 MUFG Securities Americas Inc. $ 78,500,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo Securities, LLC $ 120,000,000 78,500,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.69634% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.99634% of the aggregate principal amount of the Notes. Closing Date: September 27March 14, 20212018, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Xxxxxxxx X. Xxxxxxx Name: Xxxxxx Xxxxxx Xxxxxxxx X. Xxxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. CITIGROUP GLOBAL MARKETS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLC, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Xxxxxxx Title: Vice President, Chief Financial Officer and Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxx X. Xxxxxxx Name: Xxxxxxx X. Xxxxxxx Title: President and Chief Executive Officer SCHEDULE I UNDERWRITERS $600,000,000 625,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2018-21) Notes Name of Underwriter Principal Amount Barclays Capital Inc. Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 120,000,000 BofA Securities, Inc. $ 120,000,000 89,500,000 Citigroup Global Markets Inc. $ 120,000,000 RBC 89,500,000 Barclays Capital Markets, LLC Inc. $ 120,000,000 Xxxxx Fargo 89,200,000 Deutsche Bank Securities Inc. $ 89,200,000 MUFG Securities Americas Inc. $ 89,200,000 RBS Securities Inc. $ 89,200,000 SG Americas Securities, LLC $ 120,000,000 89,200,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 2

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.73914% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.98914% of the aggregate principal amount of the Notes. Closing Date: September 27October 29, 20212013, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. DEUTSCHE BANK SECURITIES INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx NameXxxxxxx By: Xxxxx Xxxxxxxxx Title: Vice President /s/ Xxxxxx Xxxx RBC Capital MarketsCAPITAL MARKETS, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLCBank, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2013-5) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 850,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2013-25) Notes Name of Underwriter Principal Amount Barclays Capital Deutsche Bank Securities Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 121,500,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo Securities, 121,500,000 Citigroup Global Markets Inc. $ 121,400,000 X.X. Xxxxxx Securities LLC $ 120,000,000 121,400,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 121,400,000 Mitsubishi UFJ Securities (USA), Inc. $ 121,400,000 RBS Securities Inc. $ 121,400,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 3

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.66733% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.9528699.99233% of the aggregate principal amount of the Notes. Closing Date: September 27August 7, 20212012, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as CREDIT SUISSE SECURITIES (USA) LLC As a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxx Xxxxxxxxx DEUTSCHE BANK SECURITIES INC. As a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto Xxx By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLCBank, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx SCHEDULE I UNDERWRITERS $600,000,000 1,000,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2012-26) Notes Name of Underwriter Principal Amount Barclays Capital Credit Suisse Securities (USA) LLC $ 143,000,000 Deutsche Bank Securities Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 143,000,000 Citigroup Global Markets Inc. $ 120,000,000 142,800,000 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 142,800,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo 142,800,000 RBS Securities Inc. $ 142,800,000 SG Americas Securities, LLC $ 120,000,000 142,800,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 3

Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.6528699.775% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.95286100.00% of the aggregate principal amount of the Notes. Closing Date: September 27March 11, 20212014, or such other date as may be agreed upon in writing. Time of Delivery: 9:05 a.m., Chicago, Illinois Time, on the Closing Date, or at such other time as may be agreed upon in writing. Notwithstanding anything in the Agreement or in this Terms Agreement to the contrary, the Agreement and this Terms Agreement constitute the entire agreement and understanding among the parties hereto with respect to the purchase and sale of the Notes. This Terms Agreement may be amended only by written agreement of the parties hereto. Very truly yours, Barclays Capital Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Managing Director BofA Securities, Inc. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxx Xxxx Name: Xxxxxx Xxxxx Xxxx Title: Managing Director Citigroup Global Markets Inc. CITIGROUP GLOBAL MARKETS INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Vice President RBC Capital Markets, LLC RBS SECURITIES INC. as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Director Xxxxx Fargo Securities, LLC as an Underwriter and as a Representative of the Underwriters named in Schedule I hereto By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Managing Director Accepted: DISCOVER CARD EXECUTION NOTE TRUST, as Issuer By: Discover Funding LLCBank, not in its individual capacity but solely as Depositor on behalf of the Issuer By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx DISCOVER BANK By: /s/ Xxxxxxxx Xxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Assistant Treasurer DISCOVER FUNDING LLC By: /s/ Xxxxxxxx X. Xxxx Name: Xxxxxxxx X. Xxxx Title: Vice President, Chief Financial Officer and Treasurer Xxxxxxx [Signature Page to Class A(2014-2) Terms Agreement] SCHEDULE I UNDERWRITERS $600,000,000 850,000,000 Discover Card Execution Note Trust, DiscoverSeries Class A(2021A(2014-2) Notes Name of Underwriter Principal Amount Barclays Capital Inc. $ 120,000,000 BofA Securities, Inc. $ 120,000,000 Citigroup Global Markets Inc. $ 120,000,000 121,500,000 RBS Securities Inc. $ 121,500,000 Barclays Capital Inc. $ 121,400,000 Credit Suisse Securities (USA) LLC $ 121,400,000 Deutsche Bank Securities Inc. $ 121,400,000 Mitsubishi UFJ Securities (USA), Inc. $ 121,400,000 RBC Capital Markets, LLC $ 120,000,000 Xxxxx Fargo Securities, LLC $ 120,000,000 121,400,000 ANNEX 1 [PRELIMINARY PROSPECTUS] ANNEX 22 [RATINGS ISSUER FREE WRITING PROSPECTUS] ANNEX 3