</head>

<body lang=EN-US>

<div style='page:WordSection1;'>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:6.0pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=576 valign=top style='width:6.0in;border-top:double windowtext 4.5pt;
  border-left:none;border-bottom:double windowtext 4.5pt;border-right:none;
  padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:24.0pt'>CREDIT AGREEMENT</p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:24.0pt'>dated as of</p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:24.0pt'>May 10, 2013,</p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:24.0pt'>among</p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:0in;margin-bottom:.0001pt'>MACY’S, INC.,
  </p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:0in;margin-bottom:.0001pt'> </p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:0in;margin-bottom:.0001pt'>MACY’S RETAIL
  HOLDINGS, INC. </p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:.25in'> </p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:24.0pt'>The Lenders Party Hereto</p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";'>JPMORGAN CHASE BANK, N.A.</p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";'>and</p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";'>BANK OF AMERICA, N.A., <br>
  as Administrative Agents</p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";'>and</p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";'>JPMORGAN CHASE BANK, N.A.,<br>
  as Paying Agent</p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";'>___________________________</p>
  <p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:.25in'>J.P. MORGAN SECURITIES LLC,
  MERRILL LYNCH, PIERCE, FENNER & SMITH, INCORPORATED, CREDIT SUISSE
  SECURITIES (USA) LLC, U.S. BANK NATIONAL ASSOCIATION, AND WELLS FARGO
  SECURITIES, LLC,<br>
  as Joint Bookrunners and Lead Arrangers</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>[Reference No.
6701-495]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection2;'>

<p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";'>TABLE OF CONTENTS</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:5.5in'><u>Page</u></p>

<p style='margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";'>ARTICLE I<br>
<br>
Definitions</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 1.01....... Defined
Terms..................................................................................1</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 1.02....... Classification
of Loans and Borrowings.............................................19</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 1.03....... Terms
Generally...............................................................................20</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 1.04....... Accounting
Terms; GAAP................................................................20</p>

<p style='margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";'>ARTICLE II<br>
<br>
The Credits</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.01....... Commitments.................................................................................21</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.02....... Loans
and Borrowings...................................................................21</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.03....... Requests
for Revolving Borrowings................................................22</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.04....... Competitive
Bid Procedure............................................................22</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.05....... Swingline
Loans.............................................................................25</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.06....... Letters
of Credit............................................................................26</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.07....... Funding
of Borrowings...................................................................33</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.08....... Interest
Elections............................................................................33</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.09....... Termination
and Reduction of Commitments...................................35</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.10....... Repayment of
Loans; Evidence of Debt..........................................35</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.11....... Prepayment
of Loans.....................................................................36</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.12....... Fees..............................................................................................37</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.13....... Interest..........................................................................................38</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.14....... Alternate
Rate of Interest...............................................................39</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.15....... Increased
Costs.............................................................................39</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.16....... Break
Funding Payments...............................................................41</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.17....... Withholding
of Taxes; Gross-Up....................................................41</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.18....... Payments
Generally; Pro Rata Treatment; Sharing of Set‑offs.........45</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.19....... Mitigation
Obligations; Replacement of Lenders.............................46</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.20....... Increase
in Commitments...............................................................47</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.21....... Currency
Fluctuations....................................................................48</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.22....... Extension
of Maturity Date.............................................................49</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 2.23....... Defaulting
Lenders.........................................................................50</p>

<p style='margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";'>ARTICLE III<br>
<br>
Representations and Warranties</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 3.01....... Organization.................................................................................52</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 3.02....... Powers;
Authorization; No Conflicts; Enforceability.......................52</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 3.03....... Approvals....................................................................................52</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 3.04....... Financial
Condition; No Material Adverse Change........................52</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 3.05....... Litigation......................................................................................53</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 3.06....... Investment
Company Status..........................................................53</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 3.07....... ERISA.........................................................................................53</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 3.08....... Compliance
with Laws.................................................................53</p>

<p style='margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";'>ARTICLE IV<br>
<br>
Conditions</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 4.01....... Effective
Date................................................................................54</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 4.02....... Each
Credit Event..........................................................................55</p>

<p style='margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";'>ARTICLE V<br>
<br>
Affirmative Covenants</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 5.01....... Financial
Statements; Ratings Change and Other Information...........56</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 5.02....... Existence.......................................................................................57</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 5.03....... Payment
of Obligations..................................................................58</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 5.04....... Maintenance
of Properties; Insurance.............................................58</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 5.05....... Books
and Records; Inspection Rights...........................................58</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 5.06....... Compliance
with Laws...................................................................59</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 5.07....... Use
of Proceeds and Letters of Credit............................................59</p>

<p style='margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";'>ARTICLE VI<br>
<br>
Negative Covenants</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 6.01....... Subsidiary
Indebtedness.................................................................59</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 6.02....... Liens.............................................................................................60</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 6.03....... Fundamental
Changes; Conduct of Business...................................61</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 6.04....... Sale
and Leaseback Transactions...................................................62</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 6.05....... Leverage
Ratio..............................................................................62</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 6.06....... Interest
Coverage Ratio.................................................................62</p>

<p style='margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";'>ARTICLE VII<br>
<br>
Events of Default</p>

<p style='margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";'>ARTICLE VIII<br>
<br>
The Agents</p>

<p style='margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";'>ARTICLE IX<br>
<br>
Miscellaneous</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.01....... Notices..........................................................................................67</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.02....... Waivers;
Amendments....................................................................68</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.03....... Expenses;
Indemnity; Damage Waiver............................................70</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.04....... Successors
and Assigns..................................................................71</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.05....... Survival..........................................................................................74</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.06....... Counterparts;
Integration; Effectiveness...........................................75</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.07....... Severability.....................................................................................75</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.08....... Right
of Setoff................................................................................75</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.09....... Governing
Law; Jurisdiction; Consent to Service of Process............76</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.10....... WAIVER
OF JURY TRIAL..........................................................76</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.11....... Headings........................................................................................77</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.12....... Confidentiality.................................................................................77</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.13....... Interest
Rate Limitation...................................................................77</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.14....... Patriot
Act......................................................................................78</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.15....... Conversion
of Currencies................................................................78</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.16....... No
Fiduciary Duty..........................................................................78</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-indent:-96.0pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>SECTION 9.17....... Waiver
of Notice of Termination Under Existing Credit Agreement..79</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>SCHEDULES:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Schedule 2.01 -- Commitments</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Schedule 6.01 -- Existing Indebtedness</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Schedule 6.02 -- Existing Liens</p>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'><u>EXHIBITS</u>:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Exhibit A -- Form of Assignment and Assumption.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Exhibit B -- Form of Guarantee Agreement</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Exhibit C -- Form of U.S. Tax Certificate</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection3;'>

<p style='mso-style-name:Preamble;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:1.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>CREDIT AGREEMENT dated as of May 10, 2013, among MACY’S,
INC., MACY’S RETAIL HOLDINGS, INC., the LENDERS party hereto, JPMORGAN CHASE
BANK, N.A. and BANK OF AMERICA, N.A. as Administrative Agents and JPMORGAN CHASE
BANK, N.A., as Paying Agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";page-break-after:avoid'>The parties
hereto agree as follows:</p>

<h1 style='mso-style-name:"Heading 1\,h1\,H1\,Schedule Title";margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-decoration:underline;margin-left:0in;text-indent:0in'><a name="_Toc352830981">ARTICLE I<br>
</a><a name="_Toc295744167"><br>
Definitions</a></h1>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in;page-break-after:avoid'><a
name="_Toc295744168">SECTION 1.01.  <u>Defined Terms.</u>  As used in this
Agreement, the following terms have the meanings specified below:</a></h2>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>ABR</u>”, when used in reference to any
Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to the
Alternate Base Rate.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Acquisition</u>” means the Parent’s
previously completed acquisition of May.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Adjusted LIBO Rate</u>” means, with respect
to any Eurodollar Borrowing for any Interest Period, an interest rate per annum
(rounded upwards, if necessary, to the next 1/16 of 1.0%) equal to (a) the
LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve
Rate.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Administrative Agent</u>” means each of
JPMorgan Chase Bank, N.A. and Bank of America, N.A., each in its capacity as
administrative agent for the Lenders hereunder and under the other Loan
Documents.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Administrative Questionnaire</u>” means an
Administrative Questionnaire in a form supplied by the Paying Agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Affiliate</u>” means, with respect to a
specified Person, another Person that directly, or indirectly through one or
more intermediaries, Controls or is Controlled by or is under common Control
with the Person specified.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Agents</u>” means the Paying Agent and each
Administrative Agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Alternate Base Rate</u>” means, for any
day, a rate per annum equal to the greatest of (a) the Prime Rate in
effect on such day, (b) the Federal Funds Effective Rate on such day plus
1/2 of 1.0% and (c) the Adjusted LIBO Rate for a one month Interest Period
on such day (or if such day is not a Business Day, the immediately preceding
Business Day) plus 1.0%; <u>provided</u> that, for the avoidance of doubt, for
purposes of calculating the Alternate Base Rate, the Adjusted LIBO Rate for any
day shall be based on the LIBO Rate determined at approximately 11:00 a.m.
London time on such day.  Any change in the Alternate Base Rate due to a change
in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate
shall be effective from and including the effective date of such change in the
Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate,
respectively.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Alternate Currency</u>” means any currency
other than dollars as to which a Spot Exchange Rate may be calculated.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Alternate Currency Letter of Credit</u>”
means any Letter of Credit which provides for the payment of drawings in an
Alternate Currency.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Applicable Percentage</u>” means, with
respect to any Lender, the percentage of the Total Commitments represented by
such Lender’s Commitment; <u>provided</u> that if any Defaulting Lender exists
at such time, the Applicable Percentages shall be calculated disregarding such
Defaulting Lender’s Commitment.  If the Commitments have terminated or expired,
the Applicable Percentages shall be determined based upon the Commitments most
recently in effect, giving effect to any assignments and to any Lender’s status
as a Defaulting Lender at the time of determination.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Applicable Rate</u>” means, for any day,
with respect to any Eurodollar Revolving Loan or ABR Loan, or with respect
to the facility fees payable hereunder, as the case may be, the applicable rate
per annum set forth below under the caption “Adjusted LIBOR Spread”,
“ABR Spread” or “Facility Fee Rate”, as the case may be, based upon either
the Public Debt Ratings or the Leverage Ratio in effect on such date, with the
Applicable Rate being determined by reference to the Level more favorable to
the Borrower; <u>provided</u> that the Applicable Rate may never be based upon
a Level that is more favorable to the Borrower than the Level that is two
Levels above that of the Public Debt Ratings: </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0 align=left
 width=576 style='border-collapse:collapse;border:none;margin-left:6.75pt;
 margin-right:6.75pt'>
 <tr>
  <td width=79 style='width:59.25pt;border:solid windowtext 1.0pt;padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-align:center'><u><font style="font-size: 10.0pt">Level</font></u></p>
  </td>
  <td width=105 valign=bottom style='width:78.6pt;border:solid windowtext 1.0pt;
  border-left:none;padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><u><font style="font-size: 10.0pt">Public Debt Rating <br>
  S&P/Moody’s</font></u></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border:solid windowtext 1.0pt;
  border-left:none;padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><u><font style="font-size: 10.0pt">Leverage Ratio</font></u></p>
  </td>
  <td width=105 valign=bottom style='width:78.6pt;border:solid windowtext 1.0pt;
  border-left:none;padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><u><font style="font-size: 10.0pt">Adjusted LIBOR Spread</font></u></p>
  </td>
  <td width=82 valign=bottom style='width:61.5pt;border:solid windowtext 1.0pt;
  border-left:none;padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><u><font style="font-size: 10.0pt">ABR Spread</font></u></p>
  </td>
  <td width=101 valign=top style='width:75.45pt;border:solid windowtext 1.0pt;
  border-left:none;padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><u><font style="font-size: 10.0pt">Facility Fee Rate</font></u></p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.25pt;border:solid windowtext 1.0pt;
  border-top:none;padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:12.25pt'><font style="font-size: 10.0pt">1</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">A-/A3</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><u><font style="font-size: 10.0pt"><</font></u><font style="font-size: 10.0pt"> 1.0
  to 1.0</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">0.90%</font></p>
  </td>
  <td width=82 valign=top style='width:61.5pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">0.00%</font></p>
  </td>
  <td width=101 valign=top style='width:75.45pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">0.10%</font></p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.25pt;border:solid windowtext 1.0pt;
  border-top:none;padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:12.25pt'><font style="font-size: 10.0pt">2</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">BBB+/Baa1</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><u><font style="font-size: 10.0pt"><</font></u><font style="font-size: 10.0pt"> 1.5
  to 1.0</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">1.00%</font></p>
  </td>
  <td width=82 valign=top style='width:61.5pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">0.00%</font></p>
  </td>
  <td width=101 valign=top style='width:75.45pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">0.125%</font></p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.25pt;border:solid windowtext 1.0pt;
  border-top:none;padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:12.25pt'><font style="font-size: 10.0pt">3</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">BBB/Baa2</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><u><font style="font-size: 10.0pt"><</font></u><font style="font-size: 10.0pt"> 2.0
  to 1.0</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">1.10%</font></p>
  </td>
  <td width=82 valign=top style='width:61.5pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">0.10%</font></p>
  </td>
  <td width=101 valign=top style='width:75.45pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">0.15%</font></p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.25pt;border:solid windowtext 1.0pt;
  border-top:none;padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:12.25pt'><font style="font-size: 10.0pt">4</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">BBB-/Baa3</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><u><font style="font-size: 10.0pt"><</font></u><font style="font-size: 10.0pt"> 2.5 to 1.0</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">1.30%</font></p>
  </td>
  <td width=82 valign=top style='width:61.5pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">0.30%</font></p>
  </td>
  <td width=101 valign=top style='width:75.45pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">0.20%</font></p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.25pt;border:solid windowtext 1.0pt;
  border-top:none;padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:12.25pt'><font style="font-size: 10.0pt">5</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">Lower</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 10.0pt">> 2.5 to 1.0</font></p>
  </td>
  <td width=105 valign=top style='width:78.6pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">1.50%</font></p>
  </td>
  <td width=82 valign=top style='width:61.5pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">0.50%</font></p>
  </td>
  <td width=101 valign=top style='width:75.45pt;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:1.45pt 6.0pt 1.45pt 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 10.0pt">0.25%</font></p>
  </td>
 </tr>
</table>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:12.0pt'> </p>
<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:12.0pt'> </p>
<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:12.0pt'> </p>
<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:12.0pt'> </p>
<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:12.0pt'> </p>
<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:12.0pt'>For purposes of the
foregoing, (i) the Leverage Ratio shall be determined as of the end of the
fiscal quarter for Parent for which consolidated financial statements have
theretofore been most recently delivered pursuant to Section 5.01(a) or 5.01
(b); <u>provided</u> that, until the date of the delivery of the consolidated
financial statements pursuant to Section 5.01(b) for the fiscal quarter ended May
4, 2013, the Applicable Rate shall be determined by reference to the Public
Debt Ratings, (ii) if Parent and the Borrower fail to deliver the consolidated
financial statements required to be delivered pursuant to Section 5.01(a) or
5.01(b) within the time period specified herein for such delivery then, during
the period commencing on and including the date such financial statements were
required to have been delivered and until the delivery thereof, the Applicable
Rate shall be determined by reference to the Public Debt Ratings, (iii) if
either Moody’s or S&P shall not have in effect a Public Debt Rating (other
than by reason of the circumstances referred to in the last sentence of this definition),
then the Level established based on the Public Debt Rating shall be determined
by reference to the remaining Public Debt Rating and the rating assigned to the
Parent’s senior unsecured debt obligations by Fitch Ratings, and if neither
Moody’s nor S&P have in effect a Public Debt Rating (other than by reason
of the circumstances referred to in the last sentence of this definition), then
the Applicable Rate shall be determined by reference to the Leverage Ratio
and/or the rating assigned to the Parent’s senior unsecured debt obligations by
Fitch Ratings; (iv) if the Public Debt Ratings established or deemed to have
been established by Moody’s and S&P shall fall within different Levels,
then the Level established based on the Public Debt Rating shall be based on
the higher of the two Public Debt Ratings unless one of the two Levels is two
or more Levels lower than the other, in which case the Level established based
on the Public Debt Rating shall be determined by reference to the Level next
below that of the higher of the two Public Debt Ratings; and (v) if the Public
Debt Ratings established or deemed to have been established by Moody’s and
S&P shall be changed (other than as a result of a change in the ratings
system of Moody’s or S&P), such change shall be effective as of the date on
which it is first announced by the applicable rating agency, irrespective of
when notice of such change shall have been furnished pursuant to Section 5.01
or otherwise.  Each change in the Applicable Rate (a) resulting from a change
in the Leverage Ratio shall apply during the period commencing on and including
the Business Day following the date of delivery pursuant to Section 5.01(a) or
5.01(b) of the consolidated financial statements indicating such change and (b)
resulting from a change in the Public Debt Ratings shall apply during the
period commencing on the effective date of such change and, in each case,
ending on the date immediately preceding the effective date of the next such
change.  If the rating system of Moody’s, S&P or Fitch Ratings shall
change, or if any such rating agency shall cease to be in the business of
rating corporate debt obligations, the Borrower and the Lenders shall negotiate
in good faith to amend this definition to reflect such changed rating system or
the unavailability of ratings from such rating agency and, pending the
effectiveness of any such amendment (unless two or more of such rating agencies
are affected by the foregoing), the Applicable Rate shall be determined by
reference to the Leverage Ratio.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Assignment and Assumption</u>” means an
assignment and assumption entered into by a Lender and an assignee (with the
consent of any party whose consent is required by Section 9.04), and
accepted by the Paying Agent, in the form of Exhibit A or any other form
approved by the Paying Agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Augmenting Lender</u>” has the meaning set
forth in Section 2.20(a).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Availability Period</u>” means the period
from and including the Effective Date to but excluding the earlier of the
Maturity Date and the date of termination of the Commitments.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Board</u>” means the Board of Governors of
the Federal Reserve System of the United States of America.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Borrower</u>” means Macy’s Retail Holdings,
Inc., a New York corporation.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Borrowing</u>” means (a) Revolving
Loans of the same Type, made, converted or continued on the same date and, in
the case of Eurodollar Loans, as to which a single Interest Period is in
effect, (b) a Competitive Loan or group of Competitive Loans of the same
Type made on the same date and as to which a single Interest Period is in
effect or (c) a Swingline Loan.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Borrowing Request</u>” means a request by
the Borrower for a Revolving Borrowing in accordance with Section 2.03.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Business Day</u>” means any day that is not
a Saturday, Sunday or other day on which commercial banks in New York City
are authorized or required by law to remain closed; <u>provided</u> that,
(a) when used in connection with a Eurodollar Loan, the term “<u>Business
Day</u>” shall also exclude any day on which banks are not open for dealings in
dollar deposits in the London interbank market and (b) when used in
connection with an Alternate Currency Letter of Credit, the term “Business Day”
shall also exclude any day on which commercial banks in the principal financial
center (as determined by the Paying Agent) of such Alternate Currency are
authorized or required by law to remain closed.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Calculation Date</u>” means the last
Business Day of March, June, September and December of each year.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Capital Lease Obligations</u>” of any
Person means the obligations of such Person to pay rent or other amounts under
any lease of (or other arrangement conveying the right to use) real or personal
property, or a combination thereof, which obligations are required to be
classified and accounted for as capital leases on a balance sheet of such Person
under GAAP, and the amount of such obligations shall be the capitalized amount
thereof determined in accordance with GAAP.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Change in Control</u>” means (a) the
acquisition of ownership, directly or indirectly, beneficially or of record, by
any Person or group (within the meaning of the Securities Exchange Act of 1934
and the rules of the Securities and Exchange Commission thereunder as in effect
on the date hereof), of Equity Interests representing more than 50% of the
aggregate ordinary voting power represented by the issued and outstanding
Equity Interests of Parent; (b) occupation of a majority of the seats
(other than vacant seats) on the board of directors of Parent by Persons who
were neither (i) nominated by the board of directors of Parent nor (ii) appointed
by directors so nominated; or (c) after the Effective Date the Borrower
ceases to be a direct, wholly owned subsidiary of Parent.<font style="font-size: 11.0pt"> </font></p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Change in Law</u>” means the occurrence,
after the date of this Agreement, of any of the following:  (a) the
adoption of any rule, regulation, treaty or other law, (b) any change in
any rule, regulation, treaty or other law or in the administration,
interpretation, implementation, or application thereof by any Governmental
Authority or (c) the making or issuance of any request, rule, guideline or
directive (whether or not having the force of law) of any Governmental
Authority; <u>provided</u> that, notwithstanding anything herein to the
contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and
all requests, rules, guidelines or directives thereunder or issued in
connection therewith and (ii) all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on
Banking Supervision (or any successor or similar authority) or the United
States regulatory authorities, in each case pursuant to Basel III, shall in
each case be deemed to be a “Change in Law”, regardless of the date enacted,
adopted, promulgated or issued.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Class</u>”, when used in reference to any
Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are Revolving Loans, Competitive Loans or Swingline Loans.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Code</u>” means the Internal Revenue Code
of 1986, as amended.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Commitment</u>” means, with respect to each
Lender, the commitment of such Lender to make Revolving Loans and to acquire
participations in Letters of Credit and Swingline Loans hereunder, expressed as
an amount representing the maximum aggregate amount of such Lender’s Revolving
Credit Exposure hereunder, as such commitment may be (a) reduced from time
to time pursuant to Section 2.09 and (b) reduced or increased from
time to time pursuant to assignments by or to such Lender pursuant to
Section 9.04.  The initial amount of each Lender’s Commitment is set forth
on Schedule 2.01, or in the Assignment and Assumption pursuant to which
such Lender shall have assumed its Commitment, as applicable.  The initial
aggregate amount of the Lenders’ Commitments is $1,500,000,000.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Commitment Increase</u>” has the meaning
set forth in Section 2.20(b).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Competitive Bid</u>” means an offer by a
Lender to make a Competitive Loan in accordance with Section 2.04.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Competitive Bid Rate</u>” means, with
respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable,
offered by the Lender making such Competitive Bid.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Competitive Bid Request</u>” means a
request by the Borrower for Competitive Bids in accordance with
Section 2.04.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Competitive Loan</u>” means a Loan made
pursuant to Section 2.04.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Consenting Lenders</u>” has the meaning set
forth in Section 2.22(b).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Consolidated EBITDA</u>” means, for any
period, (a) the sum of (without duplication and in the case of clauses
(ii)-(viii) to the extent deducted in calculating Consolidated Net Income)
(i) Consolidated Net Income (or net loss), (ii) interest expense,
(iii) income tax expense, (iv) depreciation expense,
(v) amortization expense (including amortization of (A) excess of
cost over net assets acquired, (B) reorganization value in excess of
amounts allocable to identifiable assets and (C) unearned restricted
stock), (vi) non-cash charges for such period arising from impairment of
goodwill, impairment of intangibles or impairments/write downs of real estate
or other long-term assets, (vii) extraordinary losses and (viii) non-recurring
cash charges in an aggregate amount for all periods commencing on or after May
31, 2011 not to exceed $400,000,000 (and not more than 20% of which shall be
inventory valuation adjustments pursuant to clause (D) below), in respect of
(A) store, corporate office and support function closings, eliminations,
relocations and divisional realignments, (B) employee severance costs,
(C) fees, costs and expenses resulting from, or incurred in connection
with, any of the foregoing, and (D) inventory valuation adjustments resulting
from, or incurred in connection with, any of the foregoing, less (b) the
sum of (i) non-recurring or extraordinary gains, (ii) interest income
and (iii)  any payments made during such period that were deducted as a
non-cash charge in a previous period pursuant to clause (a)(viii) above, in
each case in clauses (a) and (b) of Parent and the Subsidiaries,
determined on a consolidated basis in accordance with GAAP.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Consolidated Net Income</u>” means, for any
period, the net income or loss of Parent and the Subsidiaries for such period
determined on a consolidated basis in accordance with GAAP.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Consolidated Net Interest Expense</u>”
means, for any period, the amount (if any) by which (a) interest payable on all
Indebtedness (including the interest component of Capitalized Lease
Obligations, but excluding tender and open market repurchase premiums) and
amortization of deferred financing fees and debt discount in respect of all
Indebtedness exceeds (b) interest income, in each case in clauses (a) and (b),
of Parent and the Subsidiaries, determined on a consolidated basis in
accordance with GAAP; <u>provided</u> that any write-ups or write-downs of
long-term Indebtedness of May (including current portions) or its subsidiaries
as a result of the Acquisition, and any related amortization expense resulting
therefrom, shall be disregarded for purposes of determining Consolidated Net
Interest Expense.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Consolidated Net Tangible Assets</u>”
means, at any date of determination,  (a) the aggregate amount of assets (less
applicable reserves and other properly deductible items), minus (b) all current
liabilities, minus (c) all goodwill, trade names, trademarks, patents,
unamortized debt discount and expense and other like intangibles, in each case
in clauses (a), (b) and (c) of Parent and the Subsidiaries, determined on a
consolidated basis in accordance with GAAP.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Control</u>” means the possession, directly
or indirectly, of the power to direct or cause the direction of the management
or policies of a Person, whether through the ability to exercise voting power,
by contract or otherwise.  “<u>Controlling</u>” and “<u>Controlled</u>” have
meanings correlative thereto.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Declining Lender</u>” has the meaning set
forth in Section 2.22(b).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Default</u>” means any event or condition
which constitutes an Event of Default or which upon notice, lapse of time or
both would, unless cured or waived, become an Event of Default.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Defaulting Lender</u>” means any Lender, as
determined by the Administrative Agents, that has (a) failed to fund any
portion of its Loans or participations in Letters of Credit or Swingline Loans
within three Business Days of the date required to be funded by it hereunder,
(b) notified Parent, the Borrower, the Administrative Agents, an Issuing
Bank, a Swingline Lender or any Lender in writing that it does not intend to
comply with any of its funding obligations under this Agreement or has made a
public statement to the effect that it does not intend to comply with its
funding obligations under this Agreement or under other agreements in which it
commits to extend credit, (c) failed, within three Business Days after
request by the Administrative Agents, to confirm that it will comply with the
terms of this Agreement relating to its obligations to fund prospective Loans
and participations in then outstanding Letters of Credit and Swingline Loans; <u>provided</u>
that confirmation received by the Administrative Agents beyond three Business
Days shall remedy the default under this clause (c), (d) otherwise failed
to pay over to the Administrative Agents or any other Lender any other amount
required to be paid by it hereunder within three Business Days of the date when
due, unless the subject of a good faith dispute, or (e)(i) been adjudicated as,
or determined by any Governmental Authority having regulatory authority over such
Person or its assets to be, insolvent or has a parent company that has been
adjudicated as, or determined by any Governmental Authority having regulatory
authority over such Person or its assets to be, insolvent or (ii) become the
subject of a bankruptcy or insolvency proceeding, or has had a receiver,
conservator, trustee or custodian appointed for it, or has taken any action in
furtherance of, or indicating its consent to, approval of or acquiescence in
any such proceeding or appointment or has a  direct or indirect parent company
that has become the subject of a bankruptcy or insolvency proceeding, or has
had a receiver, conservator, trustee or custodian appointed for it, or has
taken any action in furtherance of, or indicating its consent to, approval of
or acquiescence in any such proceeding or appointment (the events described in
this clause (e) each, a “<u>Bankruptcy Event</u>”); <u>provided</u> that a
Bankruptcy Event shall not result solely by virtue of any ownership interest,
or the acquisition of any ownership interest, in such Person by a Governmental
Authority; <u>provided</u>, <u>however</u>, that such ownership interest does
not result in or provide such Person with immunity from the jurisdiction of
courts within the United States of America or from the enforcement of judgments
or writs of attachment on its assets or permit such Person (or such
Governmental Authority) to reject, repudiate, disavow or disaffirm any
agreements made by such Person.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Documentary LC</u>” means any letter of
credit (other than a Letter of Credit) that is issued by a Person that is not
an Affiliate of Parent for the benefit of a supplier of inventory to Parent or
any Subsidiary to effect payment for such inventory.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>dollars</u>” or “<u>$</u>” refers to lawful
money of the United States of America.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Dollar Amount</u>” means, with respect to
any Alternate Currency Letter of Credit or LC Disbursement in respect thereof,
the amount determined pursuant to Section 2.06(m).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Dollar Equivalent</u>” means, on any date
of determination, (a) with respect to any amount in dollars, such amount,
and (b) with respect to any amount in any Alternate Currency, the
equivalent in dollars of such amount, determined by the Paying Agent pursuant
to Section 2.21(a) using the relevant Dollar Amount.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Economic Development Transaction</u>” means
a conveyance of real property (which may include improvements thereon and
related assets) made by the Parent or a Subsidiary to a Governmental Authority
(or related industrial development agency) in order to obtain tax exemptions or
other inducements or accommodations in connection with economic development
activity; <u>provided</u> that (a) the Parent or applicable Subsidiary retains
possession and control of the applicable property pursuant to a lease or
similar arrangement, (b) payments due by the Parent or applicable Subsidiary in
connection therewith are made in order to obtain reduced obligations Parent or
such Subsidiary would otherwise incur or other economic benefits, or offset by
corresponding payments owed by the transferee and (c) title to the applicable property
reverts to the Parent or applicable Subsidiary upon termination of such lease
or similar arrangement.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Effective Date</u>” means May 10, 2013.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Equity Interests</u>” means shares of
capital stock, partnership interests, membership interests in a limited liability
company, beneficial interests in a trust or other equity ownership interests in
a Person, and any warrants, options or other rights entitling the holder
thereof to purchase or acquire any such equity interest.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>ERISA</u>” means the Employee Retirement Income
Security Act of 1974, as amended from time to time.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>ERISA Affiliate</u>” means any trade or
business (whether or not incorporated) that, together with Parent, is treated
as a single employer under Section 414(b) or (c) of the Code or, solely
for purposes of Section 302 of ERISA and Section 412 of the Code, is
treated as a single employer under Section 414 of the Code.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>ERISA Event</u>” means (a) any
“reportable event”, as defined in Section 4043 of ERISA or the regulations
issued thereunder with respect to a Plan (other than an event for which the 30‑day
notice period is waived); (b) failure by any Plan to meet the minimum
funding standards (as defined in Section 412 of the Code or
Section 302 of ERISA) applicable to such Plan, in each case, whether or
not waived; (c) the filing pursuant to Section 412(c) of the Code or
Section 302(c) of ERISA of an application for a waiver of the minimum
funding standard with respect to any Plan; (d) the incurrence by Parent or
any of its ERISA Affiliates of any liability under Title IV of ERISA with
respect to the termination of any Plan; (e) the receipt by Parent or any
ERISA Affiliate from the PBGC or a plan administrator of any notice relating to
an intention to terminate any Plan or Plans or to appoint a trustee to administer
any Plan; (f) the incurrence by Parent or any of its ERISA Affiliates of
any liability with respect to the withdrawal or partial withdrawal from any
Plan or Multiemployer Plan; or (g) the receipt by Parent or any ERISA
Affiliate of any notice, or the receipt by any Multiemployer Plan from Parent
or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal
Liability or a determination that a Multiemployer Plan is, or is expected to
be, insolvent or in reorganization, within the meaning of Title IV of
ERISA.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Eurodollar</u>”, when used in reference to
any Loan or Borrowing, refers to whether such Loan, or the Loans comprising
such Borrowing, are bearing interest at a rate determined by reference to the
Adjusted LIBO Rate (or, in the case of a Competitive Loan, the LIBO Rate).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Event of Default</u>” has the meaning
assigned to such term in Article VII.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Excluded Taxes</u>” means, with respect to
any payment made by any Loan Party under any Loan Document, any of the
following Taxes imposed on or with respect to a Recipient:  (a) Other
Connection Taxes, (b) income or franchise Taxes imposed on (or measured by) its
net income by the United States of America, or by the jurisdiction under the
laws of which such Recipient is organized or in which its principal office is
located or, in the case of any Lender, in which its applicable lending office
is located, (c) any branch profits Taxes imposed by the United States of
America or any similar Taxes imposed by any other jurisdiction in which the
Borrower is located and (d) in the case of a Non-U.S. Lender (other than
an assignee pursuant to a request by the Borrower under Section 2.19(b)),
any U.S. Federal withholding Taxes resulting from any law in effect (including
FATCA) on the date such Non U.S. Lender becomes a party to this Agreement (or
designates a new lending office) or is attributable to such Non-U.S. Lender’s
failure to comply with Section 2.17(f), except to the extent that such
Non-U.S. Lender (or its assignor, if any) was entitled, at the time of designation
of a new lending office (or assignment), to receive additional amounts from the
Borrower with respect to such withholding Taxes pursuant to
Section 2.17(a).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Existing Credit Agreement</u>” means the
Credit Agreement dated as of June 20, 2011, among Parent, the Borrower, the
lenders party thereto, JPMorgan Chase Bank, N.A. and Bank of America, N.A., as
administrative agents and JPMorgan Chase Bank, N.A., as paying agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Existing Indebtedness</u>” has the meaning
assigned to such term in Section 6.01(b).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Existing Letter of Credit</u>” means any
letter of credit issued for the account of Parent or the Borrower and
outstanding on the Effective Date under the Existing Credit Agreement; <u>provided</u>
that (a) the issuer of such letter of credit is a Lender and such Lender
becomes an Issuing Bank under this Agreement pursuant to Section 2.06 and
(b) Parent or the Borrower and such Lender consent to such letter of
credit becoming a Letter of Credit.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Existing Maturity Date</u>” has the meaning
set forth in Section 2.22(c).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Extension Date</u>” has the meaning set
forth in Section 2.22(b).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>FATCA</u>” means Sections 1471 through 1474
of the Code, as of the date of this Agreement (or any amended or successor
version that is substantively comparable and not materially more onerous to
comply with), any regulations or official interpretations thereof and any
agreements entered into pursuant to Section 1471(b) of the Code.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Federal Funds Effective Rate</u>” means,
for any day, the weighted average (rounded upwards, if necessary, to the next
1/100 of 1.0%) of the rates on overnight Federal funds transactions with
members of the Federal Reserve System arranged by Federal funds brokers, as
published on the next succeeding Business Day by the Federal Reserve Bank of
New York, or, if such rate is not so published for any day that is a
Business Day, the average (rounded upwards, if necessary, to the next 1/100 of
1.0%) of the quotations for such day for such transactions received by the
Paying Agent from three Federal funds brokers of recognized standing selected
by it.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Financial Officer</u>” means the chief
financial officer, principal accounting officer, treasurer or controller of
Parent or the Borrower, as applicable.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Fixed Rate</u>” means, with respect to any
Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of
interest per annum specified by the Lender making such Competitive Loan in its
related Competitive Bid.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Fixed Rate Loan</u>” means a Competitive
Loan bearing interest at a Fixed Rate.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>GAAP</u>” means generally accepted
accounting principles in the United States of America.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Governmental Authority</u>” means the
government of the United States of America, any other nation or any political
subdivision thereof, whether state or local, and any agency, authority,
instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Guarantee</u>” of or by any Person (the “<u>guarantor</u>”)
means any obligation, contingent or otherwise, of the guarantor guaranteeing or
having the economic effect of guaranteeing any Indebtedness or other obligation
of any other Person (the “<u>primary obligor</u>”) in any manner, whether
directly or indirectly, and including any obligation of the guarantor, direct
or indirect, (a) to purchase or pay (or advance or supply funds for the
purchase or payment of) such Indebtedness or other obligation or to purchase
(or to advance or supply funds for the purchase of) any security for the
payment thereof, (b) to purchase or lease property, securities or services
for the purpose of assuring the owner of such Indebtedness or other obligation
of the payment thereof, (c) to maintain working capital, equity capital or
any other financial statement condition or liquidity of the primary obligor so
as to enable the primary obligor to pay such Indebtedness or other obligation
or (d) as an account party in respect of any letter of credit or letter of
guaranty issued to support such Indebtedness or obligation; <u>provided</u>,
that the term Guarantee shall not include endorsements for collection or
deposit in the ordinary course of business.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Guarantee Agreement</u>” means the
Guarantee Agreement among the Parent, the Borrower and the Paying Agent
substantially in the form of Exhibit B.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Indebtedness</u>” of any Person means,
without duplication, (a) all obligations of such Person for borrowed
money, (b) all obligations of such Person evidenced by bonds, debentures,
notes or similar instruments (other than performance, surety and appeals bonds
arising in the ordinary course of business), (c) all obligations of such
Person upon which interest charges are customarily paid, (d) all
obligations of such Person under conditional sale or other title retention
agreements relating to property acquired by such Person, (e) all
obligations of such Person in respect of the deferred purchase price of
property or services (other than obligations for property (excluding real
property, capital stock and property subject to capital leases) and services purchased,
and expense accruals and deferred compensation items arising in the ordinary
course of business), (f) all Indebtedness of others secured by (or for
which the holder of such Indebtedness has an existing right, contingent or
otherwise, to be secured by) any Lien on property owned or acquired by such
Person, whether or not the Indebtedness secured thereby has been assumed,
(g) all Guarantees by such Person of Indebtedness of others, (h) all
Capital Lease Obligations of such Person, (i) all obligations, contingent
or otherwise, of such Person as an account party in respect of letters of
credit and letters of guaranty and (j) all obligations, contingent or
otherwise, of such Person in respect of bankers’ acceptances.  The Indebtedness
of any Person shall include the Indebtedness of any other entity (including any
partnership in which such Person is a general partner) to the extent such
Person is liable therefor under applicable law as a result of such Person’s
ownership interest in or other relationship with such entity, except to the
extent the terms of such Indebtedness provide that such Person is not liable
therefor.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Indemnified Taxes</u>” means
(a) Taxes, other than Excluded Taxes, imposed on or with respect to any
payment made by or on account of any obligation of any Loan Party under any
Loan Document and (b) to the extent not otherwise described in clause (a),
Other Taxes.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Initial Loans</u>” has the meaning set
forth in Section 2.20(b).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Interest Coverage Ratio</u>” means, at any
date of determination, the ratio of (a) Consolidated EBITDA for the
Measurement Period then most recently ended to (b) Consolidated Net
Interest Expense for such Measurement Period.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Interest Election Request</u>” means a
request by the Borrower to convert or continue a Revolving Borrowing in
accordance with Section 2.08.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Interest Payment Date</u>” means
(a) with respect to any ABR Loan (other than a Swingline Loan), the last
day of each March, June, September and December, (b) with respect to any
Eurodollar Loan, the last day of the Interest Period applicable to the
Borrowing of which such Loan is a part and, in the case of a Eurodollar
Borrowing with an Interest Period of more than three months’ duration, each day
prior to the last day of such Interest Period that occurs at intervals of three
months’ duration after the first day of such Interest Period, (c) with
respect to any Fixed Rate Loan, the last day of the Interest Period applicable
to the Borrowing of which such Loan is a part and, in the case of a Fixed Rate
Borrowing with an Interest Period of more than 90 days’ duration (unless
otherwise specified in the applicable Competitive Bid Request), each day prior
to the last day of such Interest Period that occurs at intervals of
90 days’ duration after the first day of such Interest Period, and any
other dates that are specified in the applicable Competitive Bid Request as
Interest Payment Dates with respect to such Borrowing and (d) with respect
to any Swingline Loan, the day that such Loan is required to be repaid.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Interest Period</u>” means (a) with
respect to any Eurodollar Borrowing, the period commencing on the date of such
Borrowing and ending on the numerically corresponding day in the calendar month
that is seven days or one, two, three or six months thereafter, as the
Borrower may elect and (b) with respect to any Fixed Rate Borrowing, the
period (which shall not be less than seven days or more than
180 days) commencing on the date of such Borrowing and ending on the date
specified in the applicable Competitive Bid Request; <u>provided</u>, that
(i) if any Interest Period would end on a day other than a Business Day,
such Interest Period shall be extended to the next succeeding Business Day
unless, in the case of a Eurodollar Borrowing only, such next succeeding
Business Day would fall in the next calendar month, in which case such Interest
Period shall end on the next preceding Business Day and (ii) any Interest
Period pertaining to a Eurodollar Borrowing that commences on the last Business
Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end
on the last Business Day of the last calendar month of such Interest Period. 
For purposes hereof, the date of a Borrowing initially shall be the date on which
such Borrowing is made and, in the case of a Revolving Borrowing, thereafter
shall be the effective date of the most recent conversion or continuation of
such Borrowing.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>IRS</u>” means the United States Internal
Revenue Service.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Issuing Bank</u>” means, as the context may
require, (a) JPMorgan Chase Bank, N.A., (b) Bank of America, N.A.,
(c) solely in respect of any Existing Letter of Credit, the Person that is the
issuer thereof and (d) any other Lender that becomes an Issuing Bank
pursuant to Section 2.06(k), in each case, in its capacity as an issuer of
Letters of Credit hereunder, and each such Person’s successors in such capacity
as provided in Section 2.06(i).  Any Issuing Bank may, in its discretion,
arrange for one or more Letters of Credit to be issued by Affiliates of such
Issuing Bank, in which case the term “Issuing Bank” shall include any such
Affiliate with respect to Letters of Credit issued by such Affiliate.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>LC Disbursement</u>” means a payment made
by an Issuing Bank pursuant to a Letter of Credit.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>LC Exposure</u>” means, at any time, the
sum of (a) the aggregate undrawn amount of all outstanding Letters of
Credit at such time plus (b) the aggregate amount of all LC Disbursements
that have not yet been reimbursed by or on behalf of the Borrower at such time. 
In the case of any Alternate Currency Letters of Credit or any LC Disbursement
in respect thereof, the LC Exposure attributable thereto shall be the Dollar
Amount thereof.  The LC Exposure of any Lender at any time shall be its
Applicable Percentage of the total LC Exposure at such time.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Lender Parent</u>” means, with respect to
any Lender, any Person in respect of which such Lender is a Subsidiary.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Lenders</u>” means the Persons listed on
Schedule 2.01 and any other Person that shall have become a party hereto
pursuant to an Assignment and Assumption, other than any such Person that
ceases to be a party hereto pursuant to an Assignment and Assumption.  Unless
the context otherwise requires, the term “Lenders” includes each Swingline
Lender.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Letter of Credit</u>” means each Existing
Letter of Credit and any letter of credit issued pursuant to this Agreement.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Leverage Ratio</u>” means, at any date of
determination, the ratio of (a) Total Indebtedness as of such date to
(b) Consolidated EBITDA for the Measurement Period (or, if such date is
not the last day of a fiscal quarter, ended on the last day of the fiscal
quarter of Parent most recently ended prior to such date).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>LIBO Rate</u>” means, with respect to any Eurodollar Borrowing for any Interest
Period, the rate appearing on Reuters Screen LIBOR01 Page (or on any successor
or substitute page on such screen) at approximately 11:00 a.m.,
London time, two Business Days prior to the commencement of such Interest
Period, as the rate for dollar deposits in the London interbank market with a
maturity comparable to such Interest Period.  In the event that such rate does
not appear on such page (or on any successor or substitute page on such screen
or otherwise on such screen), the “LIBO Rate” shall be determined by reference to
such other comparable publicly available service for displaying interest rates
applicable to dollar deposits in the London interbank market as may be selected
by the Paying Agent or, in the absence of such availability, by reference to
the rate at which dollar deposits of $5,000,000 and for a maturity
comparable to such Interest Period are offered by the principal London office
of the Paying Agent in immediately available funds in the London interbank
market at approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Lien</u>” means, with respect to any asset,
(a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
charge or security interest in, on or of such asset, (b) the interest of a
vendor or a lessor under any conditional sale agreement, capital lease or title
retention agreement (or any financing lease having substantially the same
economic effect as any of the foregoing) relating to such asset and (c) in
the case of securities, any purchase option, call or similar right of a third
party with respect to such securities.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Loan Documents</u>” means this Agreement
and the Guarantee Agreement.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Loan Parties</u>” means Parent and the
Borrower.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Loans</u>” means the loans made by the
Lenders to the Borrower pursuant to this Agreement.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Margin</u>” means, with respect to any
Competitive Loan bearing interest at a rate based on the LIBO Rate, the
marginal rate of interest, if any, to be added to or subtracted from the LIBO
Rate to determine the rate of interest applicable to such Loan, as specified by
the Lender making such Loan in its related Competitive Bid.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Material Adverse Effect</u>” means an
effect that causes or results in or has a reasonable likelihood of causing or
resulting in any material adverse change in (a) the business, condition
(financial or otherwise), operations, performance or properties of Parent and
the Subsidiaries, taken as a whole, (b) the rights and remedies of any Agent or
any Lender under any Loan Document, (c) the ability of the Loan Parties, taken
as a whole, to perform their obligations under any Loan Document or (d) the
legality, validity or enforceability of any Loan Document.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Material Indebtedness</u>” means
Indebtedness (other than the Loans and Letters of Credit), or obligations in
respect of one or more Swap Agreements, of any one or more of Parent and its
Subsidiaries in an aggregate principal amount exceeding $150,000,000.  For
purposes of determining Material Indebtedness, the “principal amount” of the
obligations of Parent or any Subsidiary in respect of any Swap Agreement at any
time shall be the maximum aggregate amount (giving effect to any netting
agreements) that Parent or such Subsidiary would be required to pay if such
Swap Agreement were terminated at such time.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Material Subsidiary</u>” means, as of any
date of determination, (a) the Borrower and (b) any other Subsidiary
having (i) assets with a value of not less than 5.0% of the total value of
the assets of Parent and its consolidated subsidiaries, taken as a whole, or
(ii) Consolidated EBITDA of not less than 5.0% of the Consolidated EBITDA
of Parent and its consolidated subsidiaries, taken as a whole, in each case as
of the end of or for the most recently completed fiscal year of Parent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Maturity Date</u>” means the date that is five
years after the Effective Date, as such date may be extended pursuant to
Section 2.22; <u>provided</u> that, if such date is not a Business Day, then
the Maturity Date shall be the next succeeding Business Day.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Maturity Date Extension Request</u>” has
the meaning set forth in Section 2.22(a).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>May</u>” means The May Department Stores
Company, a Delaware corporation.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Measurement Period</u>” means, as of any
date of determination, the period of four fiscal quarters of Parent then most
recently ended on or prior to such date of determination.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Minor Subsidiary</u>” means any Subsidiary
that is not a Material Subsidiary.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Moody’s</u>” means Moody’s Investors
Service, Inc. or any successor thereto.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Multiemployer Plan</u>” means a
multiemployer plan as defined in Section 4001(a)(3) of ERISA.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Non-Defaulting Lender</u>” means, at any
time, any Lender that is not a Defaulting Lender at such time.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Non-U.S. Lender</u>” means a Lender that is
not a U.S. Person.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Obligations</u>” has the meaning assigned
to such term in the Guarantee Agreement.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>OFAC</u>” means the United States Treasury
Department Office of Foreign Assets Control.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Other Connection Taxes</u>” means, with
respect to any Recipient, Taxes imposed as a result of a present or former
connection between such Recipient and the jurisdiction imposing such Taxes
(other than a connection arising from such Recipient having executed,
delivered, enforced, become a party to, performed its obligations under,
received payments under, received or perfected a security interest under, or
engaged in any other transaction pursuant to, or enforced, any Loan Document,
or sold or assigned an interest in any Loan or Loan Document).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Other Taxes</u>” means any and all present
or future stamp or documentary taxes or any other excise or property Taxes
arising from any payment made under any Loan Document or from the execution,
delivery or enforcement of, or otherwise with respect to, any Loan Document,
except any such Taxes that are Other Connection Taxes imposed with respect to
an assignment (other than an assignment under Section 2.19(b)).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Parent</u>” means Macy’s, Inc., a Delaware
corporation.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Participant</u>” has the meaning set forth
in Section 9.04.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Patriot Act</u>” means the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107‑56
(signed into law October 26, 2001)).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Paying Agent</u>” means JPMorgan Chase
Bank, N.A., in its capacity as paying agent for the Lenders hereunder and under
the other Loan Documents.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>PBGC</u>” means the Pension Benefit
Guaranty Corporation referred to and defined in ERISA and any successor entity
performing similar functions.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";page-break-after:avoid'>“<u>Permitted
Encumbrances</u>” means:</p>

<p style='mso-style-name:"Indent Text 1\0022";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(a) Liens imposed by law for taxes that are not yet
due or are being contested in compliance with Section 5.03;</p>

<p style='mso-style-name:"Indent Text 1\0022";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(b) carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s and other like Liens imposed by law, arising in the
ordinary course of business and securing obligations that are not overdue by
more than 30 days or are being contested in good faith by proper
proceedings;</p>

<p style='mso-style-name:"Indent Text 1\0022";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(c) Liens (if any) arising by operation of law and
pledges and deposits made in the ordinary course of business in compliance with
workers’ compensation, unemployment insurance, old-age pensions and other
social security laws or regulations;</p>

<p style='mso-style-name:"Indent Text 1\0022";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(d) deposits to secure the performance of bids, trade
contracts, leases, statutory obligations, surety and appeal bonds, performance
bonds and other obligations of a like nature, in each case in the ordinary
course of business;</p>

<p style='mso-style-name:"Indent Text 1\0022";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(e) judgment liens in respect of judgments that do not
constitute an Event of Default under clause (k) of Article VII; and</p>

<p style='mso-style-name:"Indent Text 1\0022";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(f) easements, zoning restrictions, rights-of-way and
similar encumbrances on real property imposed by law or arising in the ordinary
course of business that do not materially detract from the value of the
affected property to Parent or any Subsidiary or interfere with the ordinary
conduct of business of Parent or any Subsidiary;</p>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'><u>provided</u> that the term “Permitted
Encumbrances” shall not include any Lien securing Indebtedness.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Person</u>” means any natural person,
corporation, limited liability company, trust, joint venture, association,
company, partnership, Governmental Authority or other entity.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Plan</u>” means any employee pension
benefit plan (other than a Multiemployer Plan) subject to the provisions of
Title IV of ERISA or Section 412 of the Code or Section 302 of
ERISA, sponsored, maintained or contributed to by the Borrower or any ERISA
Affiliate.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Prime Rate</u>” means the rate of interest
per annum publicly announced from time to time by JPMorgan Chase Bank, N.A., as
its prime rate in effect at its principal office in New York City; each
change in the Prime Rate shall be effective from and including the date such
change is publicly announced as being effective.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Public Debt Ratings</u>” means, as of any
date of determination (a) Parent’s “Senior Unsecured Rating” most recently
announced by Moody’s and (b) Parent’s “Corporate Credit Rating” most
recently announced by S&P.  If Moody’s or S&P shall change the basis on
which such ratings are established, then the foregoing references shall be to
the then equivalent rating by Moody’s or S&P, as the case may be, as
determined by the Paying Agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Recipient</u>” means, as applicable,
(a) the Administrative Agents, (b) any Lender and (c) the
Issuing Bank.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Register</u>” has the meaning set forth in
Section 9.04.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Related Parties</u>” means, with respect to
any specified Person, such Person’s Affiliates and the respective directors,
officers, employees, agents and advisors of such Person and such Person’s
Affiliates.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Required Lenders</u>” means, at any time,
Lenders having Revolving Credit Exposures and unused Commitments representing
more than 50% of the sum of the total Revolving Credit Exposures and unused
Commitments at such time; <u>provided</u> that, for purposes of declaring the
Loans to be due and payable pursuant to Article VII, and for all purposes
after the Loans become due and payable pursuant to Article VII and the
Commitments expire or terminate, the outstanding Competitive Loans of the
Lenders shall be included in their respective Revolving Credit Exposures in
determining the Required Lenders.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Reset Date</u>” has the meaning set forth
in Section 2.21(a).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Responsible Officer</u>” means any
executive officer of Parent or any Subsidiary or any other officer of Parent or
any Subsidiary responsible for overseeing or reviewing compliance with this
Agreement or any other Loan Document.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Revolving Credit Exposure</u>” means, with
respect to any Lender at any time, the sum of the outstanding principal amount
of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at
such time.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Revolving Loan</u>” means a Loan made
pursuant to Section 2.03.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>S&P</u>” means Standard &
Poor’s Ratings Service or any successor thereto.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Spot Exchange Rate</u>” means, on any day,
with respect to any Alternate Currency in which an Alternate Currency Letter of
Credit (or LC Disbursement thereunder) is denominated, the spot rate at which
dollars are offered on such day by the applicable Issuing Bank (or the Paying
Agent, in the case of determinations made by it) in London (or, in its
discretion, any other city in which it conducts its foreign exchange activities
in such Alternate Currency) for such Alternate Currency at approximately
11:00 a.m. (local time in London or such other city).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Statutory Reserve Rate</u>” means a
fraction (expressed as a decimal), the numerator of which is the number one and
the denominator of which is the number one minus the aggregate of the maximum
reserve percentages (including any marginal, special, emergency or supplemental
reserves) expressed as a decimal established by the Board to which the Paying
Agent is subject for eurocurrency funding (currently referred to as
“Eurocurrency Liabilities” in Regulation D of the Board).  Such reserve percentages
shall include those imposed pursuant to such Regulation D.  Eurodollar
Loans shall be deemed to constitute eurocurrency funding and to be subject to
such reserve requirements without benefit of or credit for proration,
exemptions or offsets that may be available from time to time to any Lender
under such Regulation D or any comparable regulation.  The Statutory
Reserve Rate shall be adjusted automatically on and as of the effective date of
any change in any reserve percentage.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>subsidiary</u>” means, with respect to any
Person (the “<u>parent</u>”) at any date, any corporation, limited liability
company, partnership, association or other entity of which securities or
other ownership interests representing more than 50% of the equity or more than
50% of the ordinary voting power or, in the case of a partnership, more than
50% of the general partnership interests are, as of such date, owned,
controlled or held by the parent or one or more subsidiaries of the parent or
by the parent and one or more subsidiaries of the parent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Subsidiary</u>” means any subsidiary of
Parent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Swap Agreement</u>” means any agreement
with respect to any swap, forward, future or derivative transaction or option
or similar agreement involving, or settled by reference to, one or more rates,
currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk
or value or any similar transaction or any combination of these transactions; <u>provided</u>
that no phantom stock or similar plan providing for payments only on account of
services provided by current or former directors, officers, employees or
consultants of Parent or the Subsidiaries shall be a Swap Agreement.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Swingline Exposure</u>” means, at any time,
the aggregate principal amount of all Swingline Loans outstanding at such
time.  The Swingline Exposure of any Lender at any time shall be its Applicable
Percentage of the total Swingline Exposure at such time.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Swingline Lender</u>” means, as the context
may require, (a) JPMorgan Chase Bank, N.A., (b) Bank of America,
N.A., and (c) any other Lender that becomes a Swingline Lender pursuant to
Section 2.05(d), in each case in its capacity as lender of Swingline Loans
hereunder.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Swingline Loan</u>” means a Loan made
pursuant to Section 2.05.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Syndication Agents</u>” means each of
Credit Suisse Securities (USA) LLC, U.S. Bank National Association and Wells
Fargo Bank, National Association, each in its capacity as syndication agent
hereunder.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Taxes</u>” means any and all present or
future taxes, levies, imposts, duties, deductions, withholdings, assessments,
fees or other charges imposed by any Governmental Authority, including any
interest, additions to tax or penalties applicable thereto.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Total Commitments</u>” means, at any time,
the aggregate amount of the Lenders’ Commitments at such time.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Total Indebtedness</u>” means, as of any
date, the aggregate principal amount of Indebtedness of Parent and the
Subsidiaries outstanding as of such date, in the amount that would be reflected
on a balance sheet prepared as of such date on a consolidated basis in
accordance with GAAP; <u>provided</u> that any write-ups or write‑downs
of long-term Indebtedness (including current portions) of May and its
subsidiaries as a result of the Acquisition shall be disregarded.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Trade Letter of Credit</u>” means any
Letter of Credit that is issued for the benefit of a supplier of inventory to
Parent or any Subsidiary to effect payment for such inventory, the conditions
to drawing under which include the presentation to the applicable Issuing Bank
of negotiable bills of lading, invoices and related documents sufficient, in
the judgment of such Issuing Bank, to create a valid and perfected lien on or
security interest in such inventory, bills of lading, invoices and related
documents in favor of such Issuing Bank.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Transactions</u>” means the execution,
delivery and performance by each Loan Party of the Loan Documents to which it
is to be a party, the borrowing of Loans, the use of the proceeds thereof and
the issuance of Letters of Credit hereunder.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Type</u>”, when used in reference to any
Loan or Borrowing, refers to whether the rate of interest on such Loan, or on
the Loans comprising such Borrowing, is determined by reference to the Adjusted
LIBO Rate, the Alternate Base Rate or, in the case of a Competitive Loan or
Borrowing, the LIBO Rate or a Fixed Rate.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:11.0pt'>“<u>U.S. Person</u>”
means a “United States person” within the meaning of
Section 7701(a)(30) of the Code.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>U.S. Tax Certificate</u>” has the
meaning assigned to such term in Section 2.17(f)(ii)(D)(2).</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Withdrawal Liability</u>” means liability
to a Multiemployer Plan as a result of a complete or partial withdrawal from
such Multiemployer Plan, as such terms are defined in Part I of
Subtitle E of Title IV of ERISA.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>“<u>Withholding Agent</u>” means the Borrower
and the Paying Agent.</p>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744169">SECTION
1.02.  <u>Classification of Loans and Borrowings.</u>  For purposes of this
Agreement, Loans may be classified and referred to by Class (<u>e.g.</u>, a
“Revolving Loan”) or by Type (<u>e.g.</u>, a “Eurodollar Loan”) or by Class and
Type (<u>e.g.</u>, a “Eurodollar Revolving Loan”).  Borrowings also may be
classified and referred to by Class (<u>e.g.</u>, a “Revolving Borrowing”) or
by Type (<u>e.g.</u>, a “Eurodollar Borrowing”) or by Class and Type (<u>e.g.</u>,
a “Eurodollar Revolving Borrowing”).</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744170">SECTION
1.03.  <u>Terms Generally.</u>  The definitions of terms herein shall apply
equally to the singular and plural forms of the terms defined.  Whenever the
context may require, any pronoun shall include the corresponding masculine,
feminine and neuter forms.  The words “include”, “includes” and “including” shall
be deemed to be followed by the phrase “without limitation”.  The word “will”
shall be construed to have the same meaning and effect as the word “shall”. 
Unless the context requires otherwise (a) any definition of or reference
to any agreement, instrument or other document herein shall be construed as
referring to such agreement, instrument or other document as from time to time
amended, supplemented or otherwise modified (subject to any restrictions on
such amendments, supplements or modifications set forth herein), (b) any
reference herein to any Person shall be construed to include such Person’s
successors and assigns, (c) the words “herein”, “hereof” and “hereunder”,
and words of similar import, shall be construed to refer to this Agreement in
its entirety and not to any particular provision hereof, (d) all
references herein to Articles, Sections, Exhibits and Schedules shall be
construed to refer to Articles and Sections of, and Exhibits and Schedules to,
this Agreement and (e) the words “asset” and “property” shall be construed
to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, securities, accounts and
contract rights.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744171">SECTION
1.04.  <u>Accounting Terms; GAAP.</u>  Except as otherwise expressly provided
herein, all terms of an accounting or financial nature shall be construed in
accordance with GAAP, as in effect from time to time; <u>provided</u> that (a)
for purposes of determining compliance with any provision of this Agreement,
the determination of whether a lease is to be treated as an operating lease or
capital lease shall be made without giving effect to any change in accounting
for leases pursuant to GAAP resulting from the implementation of proposed
Accounting Standards Update (ASU) Leases (Topic 840) issued
August 17, 2010, or any successor proposal, (b) if the Borrower
notifies the Paying Agent that the Borrower requests an amendment to any
provision hereof to eliminate the effect of any change occurring after the date
hereof in GAAP or in the application thereof on the operation of such provision
(or if the Paying Agent notifies the Borrower that the Required Lenders request
an amendment to any provision hereof for such purpose), regardless of whether
any such notice is given before or after such change in GAAP or in the
application thereof, then such provision shall be interpreted on the basis of
GAAP as in effect and applied immediately before such change shall have become
effective until such notice shall have been withdrawn or such provision amended
in accordance herewith and (c) notwithstanding any other provision contained
herein, all terms of an accounting or financial nature used herein shall be
construed, and all computations of amounts and ratios referred to herein shall
be made, without giving effect to any election under Financial Accounting
Standards Board Accounting Standards Codification Topic 825, or any successor
thereto, to value any Indebtedness of Parent or any Subsidiary at “fair value”,
as defined therein.</a></h2>

<h1 style='mso-style-name:"Heading 1\,h1\,H1\,Schedule Title";margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-decoration:underline;margin-left:0in;text-indent:0in'><a name="_Toc352830986">ARTICLE II<br>
</a><a name="_Toc295744172"><br>
The Credits</a></h1>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744173">SECTION
2.01.  <u>Commitments.</u>  Subject to the terms and conditions set forth
herein, each Lender agrees to make Revolving Loans to the Borrower in Dollars
from time to time during the Availability Period in an aggregate principal
amount that will not result in (a) such Lender’s Revolving Credit Exposure
exceeding such Lender’s Commitment or (b) the sum of the total Revolving
Credit Exposures plus the aggregate principal amount of outstanding Competitive
Loans exceeding the Total Commitments.  Within the foregoing limits and subject
to the terms and conditions set forth herein, the Borrower may borrow, prepay
and reborrow Revolving Loans.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744174">SECTION
2.02.  <u>Loans and Borrowings.</u>  </a>(a)  Each Revolving Loan shall be made
as part of a Borrowing consisting of Revolving Loans made by the Lenders
ratably in accordance with their respective Commitments.  Each Competitive Loan
shall be made in accordance with the procedures set forth in
Section 2.04.  The failure of any Lender to make any Loan required to be
made by it shall not relieve any other Lender of its obligations hereunder; <u>provided</u>
that the Commitments and Competitive Bids of the Lenders are several and no
Lender shall be responsible for any other Lender’s failure to make Loans as
required.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Subject to Section 2.14, (i) each
Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar
Loans as the Borrower may request in accordance herewith, and (ii) each
Competitive Borrowing shall be comprised entirely of Eurodollar Loans or Fixed
Rate Loans as the Borrower may request in accordance herewith.  Each Swingline
Loan shall be an ABR Loan.  Each Lender at its option may make any Eurodollar
Loan by causing any domestic or foreign branch or Affiliate of such Lender to
make such Loan; <u>provided</u> that any exercise of such option shall not
affect the obligation of the Borrower to repay such Loan in accordance with the
terms of this Agreement.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  At the commencement of each Interest Period
for any Eurodollar Revolving Borrowing, such Borrowing shall be in an aggregate
amount that is an integral multiple of $5,000,000 and not less than
$5,000,000.  At the time that each ABR Revolving Borrowing is made, such
Borrowing shall be in an aggregate amount that is an integral multiple of
$5,000,000 and not less than $5,000,000; <u>provided</u> that an ABR Revolving
Borrowing may be in an aggregate amount that is equal to the entire unused
balance of the Total Commitments or that is required to finance the
reimbursement of an LC Disbursement as contemplated by Section 2.06(e). 
Each request for a Competitive Borrowing shall be in an aggregate amount that
is an integral multiple of $1,000,000 and not less than $10,000,000.  Each
Swingline Loan shall be in an amount that is an integral multiple of $1,000,000
and not less than $5,000,000.  Borrowings of more than one Type and Class may
be outstanding at the same time; <u>provided</u> that there shall not at any
time be more than a total of ten Eurodollar Revolving Borrowings outstanding.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  Notwithstanding any other provision of this
Agreement, the Borrower shall not be entitled to request, or to elect to
convert or continue, any Borrowing if the Interest Period requested with
respect thereto would end after the Maturity Date.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744175">SECTION
2.03.  <u>Requests for Revolving Borrowings.</u>  To request a Revolving
Borrowing, the Borrower shall notify the Paying Agent of such request by
telephone (a) in the case of a Eurodollar Borrowing, not later than
11:00 a.m., New York City time, three Business Days before the
date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not
later than 11:00 a.m., New York City time on the date of the
proposed Borrowing; <u>provided</u> that any such notice of an ABR Revolving
Borrowing to finance the reimbursement of an LC Disbursement as contemplated by
Section 2.06(e) may be given not later than 10:00 a.m., New York City
time, on the date of the proposed Borrowing.  Each such telephonic Borrowing
Request shall be irrevocable and shall be confirmed promptly by hand delivery
or telecopy to the Paying Agent of a written Borrowing Request in a form
approved by the Paying Agent and signed by the Borrower.  Each such telephonic
and written Borrowing Request shall specify the following information in
compliance with Section 2.02:</a></h2>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(i) the aggregate amount of the requested Borrowing;</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(ii) the date of such Borrowing, which shall be a Business Day;</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(iii) whether such Borrowing is to be an ABR Borrowing or a Eurodollar
Borrowing;</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(iv) in the case of a Eurodollar Borrowing, the initial Interest Period to
be applicable thereto, which shall be a period contemplated by the definition
of the term “Interest Period”; and</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(v) the location and number of the Borrower’s account to which funds are to
be disbursed, which shall comply with the requirements of Section 2.07.</h5>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>If no election as to the Type of Revolving Borrowing
is specified, then the requested Revolving Borrowing shall be an ABR
Borrowing.  If no Interest Period is specified with respect to any requested
Eurodollar Revolving Borrowing, then the Borrower shall be deemed to have
selected an Interest Period of one month’s duration.  Promptly following receipt
of a Borrowing Request in accordance with this Section, the Paying Agent shall
advise each Lender of the details thereof and of the amount of such Lender’s
Loan to be made as part of the requested Borrowing.</p>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744176">SECTION
2.04.  <u>Competitive Bid Procedure.</u>  </a>(a)  Subject to the terms and
conditions set forth herein, from time to time during the Availability Period
the Borrower may request Competitive Bids and may (but shall not have any
obligation to) accept Competitive Bids and borrow Competitive Loans; <u>provided</u>
that the sum of the total Revolving Credit Exposures plus the aggregate
principal amount of outstanding Competitive Loans at any time shall not exceed
the Total Commitments.  To request Competitive Bids, the Borrower shall notify
the Paying Agent of such request by telephone, in the case of a Eurodollar
Borrowing, not later than 11:00 a.m., New York City time, four
Business Days before the date of the proposed Borrowing and, in the case of a
Fixed Rate Borrowing, not later than 10:00 a.m., New York City time,
one Business Day before the date of the proposed Borrowing; <u>provided</u>
that the Borrower may submit up to (but not more than) three Competitive Bid
Requests on the same day, but a Competitive Bid Request shall not be made
within five Business Days after the date of any previous Competitive Bid
Request, unless any and all such previous Competitive Bid Requests shall have
been withdrawn or all Competitive Bids received in response thereto rejected. 
Each such telephonic Competitive Bid Request shall be confirmed promptly by
hand delivery or telecopy to the Paying Agent of a written Competitive Bid
Request in a form approved by the Paying Agent and signed by the Borrower. 
Each such telephonic and written Competitive Bid Request shall specify the
following information in compliance with Section 2.02:</h2>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(i) the aggregate amount of the requested Borrowing;</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(ii) the date of such Borrowing, which shall be a Business Day;</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(iii) whether such Borrowing is to be a Eurodollar Borrowing or a Fixed
Rate Borrowing;</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(iv) the Interest Period to be applicable to such Borrowing, which shall be
a period contemplated by the definition of the term “Interest Period”; and</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(v) the location and number of the Borrower’s account to which funds are to
be disbursed, which shall comply with the requirements of Section 2.07.</h5>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Promptly following receipt of a Competitive Bid
Request in accordance with this Section, the Paying Agent shall notify the
Lenders of the details thereof by telecopy, inviting the Lenders to submit
Competitive Bids.</p>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Each Lender may (but shall not have any
obligation to) make one or more irrevocable Competitive Bids to the Borrower in
response to a Competitive Bid Request.  Each Competitive Bid by a Lender must
be in a form approved by the Paying Agent and must be received by the Paying
Agent by telecopy, in the case of a Eurodollar Competitive Borrowing, not later
than 9:30 a.m., New York City time, three Business Days before the
proposed date of such Competitive Borrowing, and in the case of a Fixed Rate
Borrowing, not later than 9:30 a.m., New York City time, on the
proposed date of such Competitive Borrowing.  Competitive Bids that do not
conform substantially to the form approved by the Paying Agent may be rejected
by the Paying Agent, and the Paying Agent shall notify the applicable Lender as
promptly as practicable.  Each Competitive Bid shall specify (i) the
principal amount (which shall be a minimum of $5,000,000 and an integral
multiple of $1,000,000 and which may equal the entire principal amount of the
Competitive Borrowing requested by the Borrower) of the Competitive Loan or
Loans that the Lender is willing to make, (ii) the Competitive Bid Rate or
Rates at which the Lender is prepared to make such Loan or Loans (expressed as
a percentage rate per annum in the form of a decimal to no more than four
decimal places) and (iii) the Interest Period applicable to each such Loan
and the last day thereof.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  The Paying Agent shall notify the Borrower by
telecopy of the Competitive Bid Rate and the principal amount specified in each
Competitive Bid and the identity of the Lender that shall have made such
Competitive Bid, in the case of a Eurodollar Competitive Borrowing, not later
than 10:00 a.m., New York City time, three Business Days before the proposed
date of such Competitive Borrowing, and in the case of a Fixed Rate Borrowing,
not later than 10:00 a.m., New York City time, on the proposed date of such
Competitive Borrowing.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  Subject only to the provisions of this
paragraph, the Borrower may accept or reject any Competitive Bid.  The Borrower
shall notify the Paying Agent by telephone, confirmed by telecopy in a form
approved by the Paying Agent, whether and to what extent it has decided to
accept or reject each Competitive Bid, in the case of a Eurodollar Competitive
Borrowing, not later than 1:00 p.m., New York City time, three
Business Days before the date of the proposed Competitive Borrowing, and in the
case of a Fixed Rate Borrowing, not later than 10:30 a.m., New York
City time, on the proposed date of the Competitive Borrowing; <u>provided</u>
that (i) the failure of the Borrower to give such notice shall be deemed
to be a rejection of each Competitive Bid, (ii) the Borrower shall not
accept a Competitive Bid made at a particular Competitive Bid Rate if the
Borrower rejects a Competitive Bid made at a lower Competitive Bid Rate,
(iii) the aggregate amount of the Competitive Bids accepted by the
Borrower shall not exceed the aggregate amount of the requested Competitive
Borrowing specified in the related Competitive Bid Request, (iv) to the
extent necessary to comply with clause (iii) above, the Borrower may
accept Competitive Bids at the same Competitive Bid Rate in part, which
acceptance, in the case of multiple Competitive Bids at such Competitive Bid
Rate, shall be made pro rata in accordance with the amount of each such
Competitive Bid, and (v) except pursuant to clause (iv) above, no
Competitive Bid shall be accepted for a Competitive Loan unless such
Competitive Loan is in a minimum principal amount of $5,000,000 and an integral
multiple of $1,000,000; <u>provided further</u> that if a Competitive Loan must
be in an amount less than $5,000,000 because of the provisions of
clause (iv) above, such Competitive Loan may be for a minimum of
$1,000,000 or any integral multiple thereof, and in calculating the pro rata
allocation of acceptances of portions of multiple Competitive Bids at a
particular Competitive Bid Rate pursuant to clause (iv) the amounts shall
be rounded to integral multiples of $1,000,000 in a manner determined by the
Borrower.  A notice given by the Borrower pursuant to this paragraph shall be
irrevocable.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(e)  The Paying Agent shall promptly notify each
bidding Lender by telecopy whether or not its Competitive Bid has been accepted
(and, if so, the amount and Competitive Bid Rate so accepted), and each
successful bidder will thereupon become bound, subject to the terms and
conditions hereof, to make the Competitive Loan in respect of which its
Competitive Bid has been accepted.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(f)  If the Paying Agent shall elect to submit a
Competitive Bid in its capacity as a Lender, it shall submit such Competitive
Bid directly to the Borrower at least one quarter of an hour earlier than the
time by which the other Lenders are required to submit their Competitive Bids
to the Paying Agent pursuant to paragraph (b) of this Section.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744177">SECTION
2.05.  <u>Swingline Loans.</u>  </a>(a)  Subject to the terms and conditions
set forth herein, each Swingline Lender agrees to make Swingline Loans to the
Borrower from time to time during the Availability Period, in an aggregate
principal amount at any time outstanding that will not result in (i) the
aggregate principal amount of outstanding Swingline Loans exceeding
$100,000,000 or (ii) the sum of the total Revolving Credit Exposures plus
the aggregate principal amount of outstanding Competitive Loans exceeding the
Total Commitments; <u>provided</u> that a Swingline Lender shall not be
required to make a Swingline Loan to refinance an outstanding Swingline Loan. 
Within the foregoing limits and subject to the terms and conditions set forth
herein, the Borrower may borrow, prepay and reborrow Swingline Loans.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  To request a Swingline Loan, the Borrower
shall notify the Paying Agent of such request by telephone (confirmed by
telecopy), not later than 12:00 noon, New York City time, on the day
of a proposed Swingline Loan.  Each such notice shall be irrevocable and shall
specify the requested date (which shall be a Business Day), the amount of the
requested Swingline Loan and the Swingline Lender from which such Swingline
Loan is requested.  The Paying Agent will promptly advise the applicable
Swingline Lender of any such notice received from the Borrower.  Such Swingline
Lender shall make each Swingline Loan available to the Borrower by means of a
credit to the general deposit account of the Borrower with such Swingline
Lender (or, in the case of a Swingline Loan made to finance the reimbursement
of an LC Disbursement as provided in Section 2.06(e), by remittance to the
applicable Issuing Bank) as promptly as practicable, but no later than
3:00 p.m., New York City time, on the requested date of such
Swingline Loan.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  A Swingline Lender may by written notice given
to the Paying Agent not later than 10:00 a.m., New York City time, on
any Business Day require the Lenders to acquire participations on such Business
Day in all or a portion of its Swingline Loans outstanding.  Such notice shall
specify the aggregate amount of Swingline Loans in which Lenders will
participate.  Promptly upon receipt of such notice, the Paying Agent will give
notice thereof to each Lender, specifying in such notice such Lender’s
Applicable Percentage of such Swingline Loan or Loans.  Each Lender hereby
absolutely and unconditionally agrees, upon receipt of notice as provided
above, to pay to the Paying Agent, for the account of the applicable Swingline
Lender, such Lender’s Applicable Percentage of such Swingline Loan or Loans. 
Each Lender acknowledges and agrees that, in making any Swingline Loan, any
Swingline Lender shall be entitled to rely, and shall not incur any liability
for relying, upon the representations and warranties of the Borrower deemed
made pursuant to Section 4.02, unless, at least two Business Days prior to
the time such Swingline Loan was made, the Required Lenders shall have notified
the applicable Swingline Lender (with a copy to the Administrative Agents) in
writing that, as a result of one or more events or circumstances described in
such notice, one or more of the conditions precedent set forth in
Section 4.02(a) or 4.02(b) would not be satisfied if such Swingline Loan
were then made (it being understood and agreed that, in the event such
Swingline Lender shall have received any such notice, it shall have no
obligation to make any Swingline Loan until and unless it shall be satisfied
that the events and circumstances described in such notice shall have been
cured or otherwise shall have ceased to exist).  Each Lender acknowledges and
agrees that its obligation to acquire participations in Swingline Loans
pursuant to this paragraph is absolute and unconditional and shall not be
affected by any circumstance whatsoever, including the occurrence and
continuance of a Default or reduction or termination of the Commitments, and
that each such payment shall be made without any offset, abatement, withholding
or reduction whatsoever.  Each Lender shall comply with its obligation under
this paragraph by wire transfer of immediately available funds, in the same
manner as provided in Section 2.07 with respect to Loans made by such
Lender (and Section 2.07 shall apply, <u>mutatis</u> <u>mutandis</u>, to
the payment obligations of the Lenders), and the Paying Agent shall promptly
pay to the applicable Swingline Lender the amounts so received by it from the
Lenders.  The Paying Agent shall notify the Borrower of any participations in
any Swingline Loan acquired pursuant to this paragraph, and thereafter payments
in respect of such Swingline Loan shall be made to the Paying Agent and not to
the applicable Swingline Lender.  Any amounts received by a Swingline Lender
from the Borrower (or other party on behalf of the Borrower) in respect of a
Swingline Loan after receipt by such Swingline Lender of the proceeds of a sale
of participations therein shall be promptly remitted to the Paying Agent; any
such amounts received by the Paying Agent shall be promptly remitted by the
Paying Agent to the Lenders that shall have made their payments pursuant to
this paragraph and to such Swingline Lender, as their interests may appear; <u>provided</u>
that any such payment so remitted shall be repaid to the applicable Swingline
Lender or to the Paying Agent, as applicable, if and to the extent such payment
is required to be refunded to the Borrower for any reason.  The purchase of
participations in a Swingline Loan pursuant to this paragraph shall not relieve
the Borrower of any default in the payment thereof.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  Any Lender may at any time become a Swingline
Lender hereunder by written agreement between the Borrower and such Lender,
subject to notice to, and the consent of, the Paying Agent, which consent shall
not unreasonably be withheld.  From and after the effective date of any such
Lender becoming a Swingline Lender, such Lender shall have the rights and
obligations of a Swingline Lender under this Agreement.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744178">SECTION
2.06.  <u>Letters of Credit.</u>  </a>(a)  <u>General.</u>  Subject to the
terms and conditions set forth herein, the Borrower may request the issuance of
Letters of Credit for its own account, in a form reasonably acceptable to the
Paying Agent and the applicable Issuing Bank, at any time and from time to time
during the Availability Period.  In the event of any inconsistency between the
terms and conditions of this Agreement and the terms and conditions of any form
of letter of credit application or other agreement submitted by the Borrower
to, or entered into by the Borrower with, any Issuing Bank relating to any
Letter of Credit, the terms and conditions of this Agreement shall control.  On
the Effective Date, each Existing Letter of Credit shall be deemed to be a
Letter of Credit for all purposes hereof and shall be deemed to have been issued
hereunder on the Effective Date.  All Letters of Credit shall provide for
drawings thereunder to be denominated in dollars except as provided for
Alternate Currency Letters of Credit pursuant to Section 2.06(m).</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  <u>Notice of Issuance, Amendment, Renewal, Extension;
Certain Conditions.</u>  To request the issuance of a Letter of Credit (or the
amendment, renewal or extension of an outstanding Letter of Credit), the
Borrower shall hand deliver or telecopy (or transmit by electronic
communication, if arrangements for doing so have been approved by the relevant
Issuing Bank) to the relevant Issuing Bank (reasonably in advance of the
requested date of issuance, amendment, renewal or extension) a notice
requesting the issuance of a Letter of Credit, or identifying the Letter of
Credit to be amended, renewed or extended, and specifying the date of issuance,
amendment, renewal or extension (which shall be a Business Day), the date on
which such Letter of Credit is to expire (which shall comply with
paragraph (c) of this Section), the amount of such Letter of Credit, the
name and address of the beneficiary thereof and such other information as shall
be necessary to prepare, amend, renew or extend such Letter of Credit, and such
Issuing Bank shall promptly deliver a copy of such notice by telecopy to the
Paying Agent.  If requested by the applicable Issuing Bank, the Borrower also
shall submit a letter of credit application on such Issuing Bank’s standard
form in connection with any request for a Letter of Credit.  A Letter of Credit
shall be issued, amended, renewed or extended only if (and upon issuance,
amendment, renewal or extension of each Letter of Credit the Borrower shall be
deemed to represent and warrant that), after giving effect to such issuance,
amendment, renewal or extension (i) the LC Exposure shall not exceed
$1,000,000,000, (ii) neither J.P. Morgan Chase Bank, N.A. nor Bank of America,
N.A. shall be required to issue any Letter of Credit that would result in the LC
Exposure attributable to Letters of Credit issued by it (and its Affiliates) to
exceed $500,000,000; (iii) the portion of the LC Exposure attributable to
Alternate Currency Letters of Credit shall not exceed $100,000,000 and (iv) the
sum of the total Revolving Credit Exposures plus the aggregate principal amount
of outstanding Competitive Loans shall not exceed the Total Commitments.  An
Issuing Bank shall not be under any obligation to issue any Letter of Credit if
any order, judgment or decree of any Governmental Authority shall by its terms
purport to enjoin or restrain such Issuing Bank from issuing such Letter of
Credit, or any law applicable to such Issuing Bank or any directive from any
Governmental Authority with jurisdiction over such Issuing Bank shall prohibit
such Issuing Bank from the issuance of letters of credit generally or such
Letter of Credit in particular.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  <u>Expiration Date.</u>  Each Letter of Credit
shall expire at or prior to the close of business on the earlier of
(i) the date one year after the date of the issuance of such Letter of Credit
(or, in the case of any renewal or extension thereof, one year after such
renewal or extension) and (ii) the date that is five Business Days prior
to the Maturity Date.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  <u>Participations.</u>  By the issuance of a
Letter of Credit (or an amendment to a Letter of Credit increasing the amount
thereof) and without any further action on the part of the applicable Issuing
Bank or the Lenders, the Issuing Bank in respect of such Letter of Credit
hereby grants to each Lender, and each Lender hereby acquires from such Issuing
Bank, a participation in such Letter of Credit equal to such Lender’s
Applicable Percentage of the aggregate amount available to be drawn under such
Letter of Credit.  In consideration and in furtherance of the foregoing, each
Lender hereby absolutely and unconditionally agrees to pay to the Paying Agent,
for the account of the applicable Issuing Bank, such Lender’s Applicable
Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed
by the Borrower on the date due as provided in paragraph (e) of this
Section, or of any reimbursement payment required to be refunded to the
Borrower for any reason (subject to Section 2.06(m), in the case of Alternate
Currency Letters of Credit).  Each Lender acknowledges and agrees that its obligation
to acquire participations pursuant to this paragraph in respect of Letters of
Credit is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including any amendment, renewal or extension of any
Letter of Credit or the occurrence and continuance of a Default or reduction or
termination of the Commitments, and that each such payment shall be made
without any offset, abatement, withholding or reduction whatsoever.  On the
Effective Date and without any further action by any party hereto, each Issuing
Bank that has issued an Existing Letter of Credit shall be deemed to have
granted to each Lender, and each Lender shall be deemed to have acquired from
such Issuing Bank, a participation in each such Existing Letter of Credit in
accordance with the foregoing provisions of this paragraph (d).</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(e)  <u>Reimbursement.</u>  If an Issuing Bank
shall make any LC Disbursement in respect of a Letter of Credit, the Borrower
shall reimburse such LC Disbursement by paying to the Paying Agent an amount
equal to such LC Disbursement not later than 12:00 noon, New York
City time, on the date that such LC Disbursement is made, if the Borrower shall
have received notice of such LC Disbursement prior to 10:00 a.m.,
New York City time, on such date, or, if such notice has not been received
by the Borrower prior to such time on such date, then not later than
12:00 noon, New York City time, on (i) the Business Day that the
Borrower receives such notice, if such notice is received prior to 10:00 a.m.,
New York City time, on the day of receipt, or (ii) the Business Day
immediately following the day that the Borrower receives such notice, if such
notice is not received prior to such time on the day of receipt; <u>provided</u>
that in the case of a LC Disbursement in respect of an Alternate Currency
Letter of Credit, the times of day referred to above in this clause (e) shall
be deemed to be the local time at the place of payment; <u>provided</u> <u>further</u>
that, if such LC Disbursement is denominated in dollars, the Borrower may, subject
to the conditions to borrowing set forth herein, request in accordance with
Section 2.03 or 2.05 that such payment be financed with an ABR Revolving
Borrowing or Swingline Loan in an equivalent amount and, to the extent so
financed, the Borrower’s obligation to make such payment shall be discharged
and replaced by the resulting ABR Revolving Borrowing or Swingline Loan.  If
the Borrower fails to make such payment when due, the Paying Agent shall notify
each Lender of the applicable LC Disbursement, the payment then due from the
Borrower in respect thereof and such Lender’s Applicable Percentage thereof. 
Promptly following receipt of such notice (but subject to Section 2.06(m), in
the case of Alternate Currency Letters of Credit), each Lender shall pay to the
Paying Agent its Applicable Percentage of the payment then due from the
Borrower, in the same manner as provided in Section 2.07 with respect to
Loans made by such Lender (and Section 2.07 shall apply, <u>mutatis</u> <u>mutandis</u>,
to the payment obligations of the Lenders), and the Paying Agent shall promptly
pay to the applicable Issuing Bank the amounts so received by it from the
Lenders.  Promptly following receipt by the Paying Agent of any payment from
the Borrower pursuant to this paragraph, the Paying Agent shall distribute such
payment to the applicable Issuing Bank or, to the extent that Lenders have made
payments pursuant to this paragraph to reimburse such Issuing Bank, then to
such Lenders and such Issuing Bank as their interests may appear.  Any payment
made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for
any LC Disbursement (other than the funding of ABR Revolving Loans or a
Swingline Loan as contemplated above) shall not constitute a Loan and shall not
relieve the Borrower of its obligation to reimburse such LC Disbursement.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(f)  <u>Obligations Absolute.</u>  The Borrower’s
obligation to reimburse LC Disbursements as provided in paragraph (e) of
this Section shall be absolute, unconditional and irrevocable, and shall be
performed strictly in accordance with the terms of this Agreement under any and
all circumstances whatsoever and irrespective of (i) any lack of validity
or enforceability of any Letter of Credit or this Agreement, or any term or
provision therein, (ii) any draft or other document presented under a
Letter of Credit proving to be forged, fraudulent or invalid in any respect or
any statement therein being untrue or inaccurate in any respect,
(iii) payment by an Issuing Bank under a Letter of Credit against
presentation of a draft or other document that does not comply with the terms
of such Letter of Credit, or (iv) any other event or circumstance
whatsoever, whether or not similar to any of the foregoing, that might, but for
the provisions of this Section, constitute a legal or equitable discharge of,
or provide a right of setoff against, the Borrower’s obligations hereunder. 
Neither the Paying Agent, the Lenders nor any Issuing Bank, nor any of their
Related Parties, shall have any liability or responsibility by reason of or in
connection with the issuance or transfer of any Letter of Credit or any payment
or failure to make any payment thereunder (irrespective of any of the
circumstances referred to in the preceding sentence), or any error, omission,
interruption, loss or delay in transmission or delivery of any draft, notice or
other communication under or relating to any Letter of Credit (including any
document required to make a drawing thereunder), any error in interpretation of
technical terms or any consequence arising from causes beyond the control of
any Issuing Bank; <u>provided</u> that the foregoing shall not be construed to
excuse an Issuing Bank from liability to the Borrower to the extent of any
direct damages (as opposed to consequential damages, claims in respect of which
are hereby waived by the Borrower to the extent permitted by applicable law)
suffered by the Borrower that are caused by such Issuing Bank’s failure to
exercise care when determining whether drafts and other documents presented
under a Letter of Credit comply with the terms thereof.  Unless otherwise
separately agreed in writing between the Borrower and the applicable Issuing
Bank, (A) the parties hereto expressly agree that, in the absence of gross
negligence or wilful misconduct on the part of such Issuing Bank (as finally
determined by a court of competent jurisdiction), such Issuing Bank shall be
deemed to have exercised care in each such determination, and (B) in
furtherance of the foregoing and without limiting the generality thereof, the
parties agree that, with respect to documents presented which appear on their
face to be in substantial compliance with the terms of a Letter of Credit, such
Issuing Bank may, in its sole discretion, either accept and make payment upon
such documents without responsibility for further investigation, regardless of
any notice or information to the contrary, or refuse to accept and make payment
upon such documents if such documents are not in strict compliance with the
terms of such Letter of Credit.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(g)  <u>Disbursement Procedures.</u>  The
applicable Issuing Bank shall, promptly following its receipt thereof, examine
all documents purporting to represent a demand for payment under a Letter of
Credit.  Such Issuing Bank shall promptly notify the Paying Agent and the
Borrower by telephone (confirmed by telecopy) of such demand for payment and
whether such Issuing Bank has made or will make an LC Disbursement thereunder; <u>provided</u>
that any failure to give or delay in giving such notice shall not relieve the
Borrower of its obligation to reimburse such Issuing Bank and the Lenders with
respect to any such LC Disbursement.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(h)  <u>Interim Interest.</u>  If an Issuing Bank
shall make any LC Disbursement, then, unless the Borrower shall reimburse such
LC Disbursement in full on the date such LC Disbursement is made, the unpaid
amount thereof shall bear interest, for each day from and including the date
such LC Disbursement is made to but excluding the date that the Borrower
reimburses such LC Disbursement, at the rate per annum then applicable to ABR
Revolving Loans; <u>provided</u> that, if the Borrower fails to reimburse such
LC Disbursement when due pursuant to paragraph (e) of this Section, then
Section 2.13(d) shall apply.  Interest accrued pursuant to this paragraph
shall be for the account of the applicable Issuing Bank, except that interest
accrued on and after the date of payment by any Lender pursuant to
paragraph (e) of this Section to reimburse the applicable Issuing Bank
shall be for the account of such Lender to the extent of such payment.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(i)  <u>Replacement of an Issuing Bank.</u>  An
Issuing Bank may be replaced at any time by written agreement among the
Borrower, the Paying Agent, the replaced Issuing Bank and the successor Issuing
Bank.  An Issuing Bank’s obligations to issue additional Letters of Credit
hereunder may be terminated at any time by written agreement among the
Borrower, the Paying Agent and such Issuing Bank; <u>provided</u> that after
giving effect thereto there is at least one remaining Issuing Bank obligated to
issue Letters of Credit.  The Paying Agent shall notify the Lenders of any such
replacement or termination of an Issuing Bank.  At the time any such
replacement or termination shall become effective, the Borrower shall pay all
unpaid fees accrued for the account of the replaced or terminated Issuing Bank
pursuant to Section 2.12(b).  From and after the effective date of any
such replacement, the successor Issuing Bank shall have all the rights and
obligations of the replaced Issuing Bank under this Agreement with respect to
Letters of Credit to be issued thereafter.  After the replacement or
termination of an Issuing Bank hereunder, the replaced or terminated Issuing
Bank shall remain a party hereto and shall continue to have all the rights and
obligations of an Issuing Bank under this Agreement with respect to Letters of
Credit issued by it prior to such replacement or termination, but shall not be
required to issue additional Letters of Credit.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(j)  <u>Cash Collateralization.</u>  If any Event
of Default shall occur and be continuing, on the Business Day that the Borrower
receives notice from the Paying Agent or the Required Lenders (or, if the
maturity of the Loans has been accelerated, Lenders with LC Exposure
representing greater than 50% of the total LC Exposure) demanding the deposit
of cash collateral pursuant to this paragraph, the Borrower shall deposit in an
account with the Paying Agent, in the name of the Paying Agent and for the
benefit of the Lenders, an amount in cash equal to the LC Exposure as of such
date plus any accrued and unpaid interest thereon; <u>provided</u> that the
obligation to deposit such cash collateral shall become effective immediately,
and such deposit shall become immediately due and payable, without demand or
other notice of any kind, upon the occurrence of any Event of Default with
respect to either Loan Party described in clause (h) or (i) of
Article VII.  The Borrower shall also deposit cash collateral in
accordance with this paragraph as and to the extent required by Section 2.11(b)
or Section 2.23.  Each such deposit shall be held by the Paying Agent as
collateral for the payment and performance of the obligations of the Borrower
under this Agreement.  The Paying Agent shall have exclusive dominion and
control, including the exclusive right of withdrawal, over such account.  Other
than any interest earned on the investment of such deposits, which investments
shall be made at the option and sole discretion of the Paying Agent and at the
Borrower’s risk and expense, such deposits shall not bear interest.  Interest
or profits, if any, on such investments shall accumulate in such account. 
Moneys in such account shall be applied by the Paying Agent to reimburse any
Issuing Bank for LC Disbursements for which it has not been reimbursed and, to
the extent not so applied, shall be held for the satisfaction of the
reimbursement obligations of the Borrower for the LC Exposure at such time or,
if the maturity of the Loans has been accelerated (but subject to the consent
of Lenders with LC Exposure representing greater than 50% of the total LC
Exposure), be applied to satisfy other obligations of the Borrower under this
Agreement.  If the Borrower is required to provide an amount of cash collateral
hereunder as a result of the occurrence of an Event of Default, such amount (to
the extent not applied as aforesaid) shall be returned to the Borrower within
three Business Days after all Events of Default have been cured or waived.  If
the Borrower is required to provide an amount of cash collateral hereunder
pursuant to Section 2.11(b), such amount (to the extent not applied as
aforesaid) shall be returned to the Borrower as and to the extent that, after
giving effect to such return, the Borrower would remain in compliance with
Section 2.11(b) and no Default shall have occurred and be continuing.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(k)  <u>Additional Issuing Banks.</u>  Any Lender
may at any time become an Issuing Bank hereunder by written agreement between
the Borrower and such Lender subject to notice to the Paying Agent.  From and
after the effective date of any such Lender becoming an Issuing Bank, such
Lender shall have the rights and obligations of an Issuing Bank under this
Agreement.  Any Lender that becomes an Issuing Bank shall not cease to be an
Issuing Bank hereunder if it later ceases to be a Lender hereunder.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(l)  <u>Certain Notices by Issuing Banks.</u>  Each
Issuing Bank that is not the same Person as the Person serving as the Paying
Agent shall notify the Paying Agent of (i) the currency, amount (including
the Dollar Amount thereof in the case of Alternate Currency Letters of Credit)
and expiration date of each Letter of Credit issued by such Issuing Bank at or
prior to the time of issuance thereof (or in the case of an Existing Letter of
Credit, such notice shall be provided on the Effective Date), (ii) any
amendment or modification to, or LC Disbursement under, any such Letter of
Credit at or prior to the time of such amendment, modification or LC
Disbursement and (iii) any termination, surrender, cancellation or expiry
of any such Letter of Credit at or prior to the time of such termination,
surrender, cancellation or expiration.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(m) <u>Alternate Currency Letters of Credit.</u>  Subject to the terms and
conditions set forth herein, the other conditions applicable to the issuance of
Letters of Credit hereunder and the approval of the applicable Issuing Bank,
the Borrower may request the issuance of Alternate Currency Letters of Credit. 
Upon the issuance of any Alternate Currency Letter of Credit, and so long as
any Alternate Currency Letter of Credit remains outstanding, the following
provisions shall apply:</h3>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-indent:.8in'>(i)  For purposes of determining the total LC
Exposure at any time and for purposes of calculating fees payable under
Sections 2.12(b) and (c), the amount of any Alternate Currency Letter of
Credit and of any LC Disbursements in respect thereof shall be deemed to be, as
of any date of determination, the Dollar Amount thereof at such date.  The
initial Dollar Amount of any Alternate Currency Letter of Credit shall be
determined by the applicable Issuing Bank on the date of issuance thereof and adjusted
from time to time thereafter, in each case, as provided below.  The Dollar
Amount of each Alternate Currency Letter of Credit outstanding shall be
adjusted by the applicable Issuing Bank on each Calculation Date as provided in
Section 2.21(a).  If an LC Disbursement is made by the Issuing Bank under
any Alternate Currency Letter of Credit, the Dollar Amount of such LC
Disbursement shall be determined by such Issuing Bank on the date that such LC
Disbursement is made.  The applicable Issuing Bank shall make each such
determination to be made by it by calculating the amount in dollars that would
be required in order for such Issuing Bank to purchase an amount of the
applicable Alternate Currency equal to the amount of the relevant Alternate
Currency Letter of Credit or unpaid LC Disbursement, as the case may be, on the
date of determination at the Spot Exchange Rate with respect to such Alternate
Currency on such date of determination.  Each applicable Issuing Bank shall
notify the Paying Agent and the Borrower promptly of each such Dollar Amount
determined by it, on the date that such determination is required to be made.</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-indent:.8in'>(ii) Subject to paragraph (iv) below, the
obligation of the Borrower to reimburse the applicable Issuing Bank for any LC
Disbursement under any Alternate Currency Letter of Credit, and to pay interest
thereon, shall be payable only in the Alternate Currency in which such LC
Disbursement is made, and shall not be discharged by paying an amount in
dollars or any other currency; <u>provided</u> that the applicable Issuing Bank
may agree, in its sole discretion, to accept reimbursement in another currency,
but any such agreement shall not affect the obligations of the Lenders or the
Borrower under paragraphs (iii) and (iv) below if such reimbursement is not
actually made to the applicable Issuing Bank when due.</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-indent:.8in'>(iii) The obligation of each Lender under
paragraphs (d) and (e) of this Section to pay its Applicable Percentage of any
unpaid LC Disbursement under any Alternate Currency Letter of Credit shall be
payable only in dollars and shall be in an amount equal to such Applicable
Percentage of the Dollar Amount of such unpaid drawing determined as provided
in paragraph (i) above.  Under no circumstances shall the provisions hereof
permitting the issuance of Letters of Credit in an Alternate Currency be
construed, by implication or otherwise, as imposing any obligation upon any
Lender to make any Loan or other payment under the Loan Documents, or to accept
any payment from the Borrower in respect of any unreimbursed LC Disbursement,
in any currency other than dollars, it being understood that the parties intend
all payments of Indebtedness created under the Loan Documents to be denominated
and payable only in dollars except as expressly provided in paragraph (ii)
above and in Section 2.18(a).</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-indent:.8in'>(iv) If and to the extent that any Lender pays its
Applicable Percentage of any unreimbursed LC Disbursement under any Alternate
Currency Letter of Credit, then, notwithstanding clause (ii) above, the
obligation of the Borrower to reimburse the portion of such unreimbursed LC
Disbursement funded by such Lender shall be converted to, and shall be payable
only in, dollars (in an amount equal to the dollar amount funded by such Lender
as provided above) and shall not be discharged by paying an amount in any other
currency.  Interest accrued on such unreimbursed LC Disbursement to and
excluding the date of such payment by such Lender shall be for the account of
the applicable Issuing Bank and be payable in the applicable Alternate
Currency, but interest thereafter shall accrue on the dollar amount owed to
such Lender and shall be payable in dollars.</h4>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744179">SECTION
2.07.  <u>Funding of Borrowings.</u>  </a>(a)  Each Lender shall make each Loan
to be made by it hereunder on the proposed date thereof by wire transfer of
immediately available funds by 12:00 noon, New York City time, to the
account of the Paying Agent most recently designated by it for such purpose by
notice to the Lenders; <u>provided</u> that Swingline Loans shall be made as
provided in Section 2.05.  The Paying Agent will make such Loans available
to the Borrower by promptly crediting the amounts so received, in like funds,
to an account of the Borrower maintained with the Paying Agent in New York
City and designated by the Borrower in the applicable Borrowing Request or
Competitive Bid Request; <u>provided</u> that ABR Revolving Loans made to
finance the reimbursement of an LC Disbursement as provided in
Section 2.06(e) shall be remitted by the Paying Agent to the applicable
Issuing Bank.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Unless the Paying Agent shall have received
notice from a Lender prior to the proposed date of any Borrowing that such
Lender will not make available to the Paying Agent such Lender’s share of such
Borrowing, the Paying Agent may assume that such Lender has made such share
available on such date in accordance with paragraph (a) of this Section
and may, in reliance upon such assumption, make available to the Borrower a
corresponding amount.  In such event, if a Lender has not in fact made its
share of the applicable Borrowing available to the Paying Agent, then the
applicable Lender and the Borrower severally agree to pay to the Paying Agent
forthwith on demand such corresponding amount with interest thereon, for each
day from and including the date such amount is made available to the Borrower
to but excluding the date of payment to the Paying Agent, at (i) in the
case of such Lender, the greater of the Federal Funds Effective Rate and a rate
determined by the Paying Agent in accordance with banking industry rules on
interbank compensation or (ii) in the case of the Borrower, the interest
rate applicable to ABR Loans.  If such Lender pays such amount to the Paying
Agent, then such amount shall constitute such Lender’s Loan included in such
Borrowing.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744180">SECTION
2.08.  <u>Interest Elections.</u>  </a>(a)  Each Revolving Borrowing initially
shall be of the Type specified in the applicable Borrowing Request and, in the
case of a Eurodollar Revolving Borrowing, shall have an initial Interest Period
as specified in such Borrowing Request.  Thereafter, the Borrower may elect to
convert such Borrowing to a different Type or to continue such Borrowing and,
in the case of a Eurodollar Revolving Borrowing, may elect Interest Periods
therefor, all as provided in this Section.  The Borrower may elect different
options with respect to different portions of the affected Borrowing, in which
case each such portion shall be allocated ratably among the Lenders holding the
Loans comprising such Borrowing, and the Loans comprising each such portion shall
be considered a separate Borrowing.  This Section shall not apply to
Competitive Borrowings or Swingline Borrowings, which may not be converted or
continued.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  To make an election pursuant to this Section,
the Borrower shall notify the Paying Agent of such election by telephone by the
time that a Borrowing Request would be required under Section 2.03 if the
Borrower were requesting a Revolving Borrowing of the Type resulting from such
election to be made on the effective date of such election.  Each such telephonic
Interest Election Request shall be irrevocable and shall be confirmed promptly
by hand delivery or telecopy to the Paying Agent of a written Interest Election
Request in a form approved by the Paying Agent and signed by the Borrower.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in;page-break-after:avoid'>(c)  Each telephonic and
written Interest Election Request shall specify the following information in
compliance with Section 2.02:</h3>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(i) the Borrowing to which such Interest Election Request applies and, if
different options are being elected with respect to different portions thereof,
the portions thereof to be allocated to each resulting Borrowing (in which case
the information to be specified pursuant to clauses (iii) and (iv) below
shall be specified for each resulting Borrowing);</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(ii) the effective date of the election made pursuant to such Interest
Election Request, which shall be a Business Day;</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(iii) whether the resulting Borrowing is to be an ABR Borrowing or a
Eurodollar Borrowing; and</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest
Period to be applicable thereto after giving effect to such election, which
shall be a period contemplated by the definition of the term “Interest Period”.</h5>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>If any such Interest Election Request requests a
Eurodollar Borrowing but does not specify an Interest Period, then the Borrower
shall be deemed to have selected an Interest Period of one month’s duration.</p>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  Promptly following receipt of an Interest
Election Request, the Paying Agent shall advise each Lender of the details
thereof and of such Lender’s portion of each resulting Borrowing.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(e)  If the Borrower fails to deliver a timely
Interest Election Request with respect to a Eurodollar Revolving Borrowing
prior to the end of the Interest Period applicable thereto, then, unless such
Borrowing is repaid as provided herein, at the end of such Interest Period such
Borrowing shall be converted to an ABR Borrowing.  Notwithstanding any contrary
provision hereof, if an Event of Default has occurred and is continuing and the
Paying Agent, at the request of the Required Lenders, so notifies the Borrower,
then, so long as an Event of Default is continuing (i) no outstanding
Revolving Borrowing may be converted to or continued as a Eurodollar Borrowing
and (ii) unless repaid, each Eurodollar Revolving Borrowing shall be
converted to an ABR Borrowing at the end of the Interest Period applicable
thereto.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744181">SECTION
2.09.  <u>Termination and Reduction of Commitments.</u>  <br>
</a>(a)  Unless previously terminated, the Commitments shall terminate on the
Maturity Date.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  The Borrower may at any time terminate, or
from time to time reduce, the Commitments; <u>provided</u> that (i) each
reduction of the Commitments shall be in an amount that is an integral multiple
of $10,000,000 and not less than $25,000,000 and (ii) the Borrower shall
not terminate or reduce the Commitments if, after giving effect to any
concurrent prepayment of the Loans in accordance with Section 2.11, the
sum of the Revolving Credit Exposures plus the aggregate principal amount of
outstanding Competitive Loans would exceed the Total Commitments.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  The Borrower shall notify the Paying Agent of
any election to terminate or reduce the Commitments under paragraph (b) of
this Section at least three Business Days prior to the effective date of such
termination or reduction, specifying such election and the effective date thereof. 
Promptly following receipt of any notice, the Paying Agent shall advise the
Lenders of the contents thereof.  Each notice delivered by the Borrower
pursuant to this Section shall be irrevocable; <u>provided</u> that a notice of
termination of the Commitments delivered by the Borrower may state that such
notice is conditioned upon the effectiveness of other credit facilities, in
which case such notice may be revoked by the Borrower (by notice to the Paying
Agent on or prior to the specified effective date) if such condition is not
satisfied.  Any termination or reduction of the Commitments shall be
permanent.  Each reduction of the Commitments shall be made ratably among the
Lenders in accordance with their respective Commitments.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744182">SECTION
2.10.  <u>Repayment of Loans; Evidence of Debt.</u>  </a>(a)  The Borrower
hereby unconditionally promises to pay (i) to the Paying Agent for the
account of each Lender the then unpaid principal amount of each Revolving Loan
on the Maturity Date, (ii) to the Paying Agent for the account of each
Lender the then unpaid principal amount of each Competitive Loan on the last
day of the Interest Period applicable to such Loan and (iii) to the
applicable Swingline Lender the then unpaid principal amount of each Swingline
Loan on the earlier of the Maturity Date and the first date after such
Swingline Loan is made that is the 15th or last day of a calendar month and is
at least four Business Days after such Swingline Loan is made; <u>provided</u>
that on each date that a Revolving Borrowing or Competitive Borrowing is made,
the Borrower shall repay all Swingline Loans then outstanding.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Each Lender shall maintain in accordance with
its usual practice an account or accounts evidencing the indebtedness of the
Borrower to such Lender resulting from each Loan made by such Lender, including
the amounts of principal and interest payable and paid to such Lender from time
to time hereunder.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  The Paying Agent shall maintain accounts in
which it shall record (i) the amount of each Loan made hereunder, the
Class and Type thereof and the Interest Period applicable thereto,
(ii) the amount of any principal or interest due and payable or to become
due and payable from the Borrower to each Lender hereunder and (iii) the
amount of any sum received by the Paying Agent hereunder for the account of the
Lenders and each Lender’s share thereof.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  The entries made in the accounts maintained
pursuant to paragraph (b) or (c) of this Section shall be <u>prima</u> <u>facie</u>
evidence of the existence and amounts of the obligations recorded therein; <u>provided</u>
that the failure of any Lender or the Paying Agent to maintain such accounts or
any error therein shall not in any manner affect the obligation of the Borrower
to repay the Loans in accordance with the terms of this Agreement.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(e)  Any Lender may request that Loans made by it
be evidenced by a promissory note.  In such event, the Borrower shall prepare,
execute and deliver to such Lender a promissory note payable to the order of
such Lender (or, if requested by such Lender, to such Lender and its registered
assigns) and in a form approved by the Paying Agent.  Thereafter, the Loans
evidenced by such promissory note and interest thereon shall at all times
(including after assignment pursuant to Section 9.04) be represented by
one or more promissory notes in such form payable to the order of the payee
named therein (or, if such promissory note is a registered note, to such payee
and its registered assigns).</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744183">SECTION
2.11.  <u>Prepayment of Loans.</u>  </a>(a)  The Borrower shall have the right
at any time and from time to time to prepay any Borrowing in whole or in part,
subject to prior notice in accordance with paragraph (c) of this Section; <u>provided</u>
that the Borrower shall not have the right to prepay any Competitive Loan
without the prior consent of the Lender thereof.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  In the event that, on any Reset Date, the sum
of the total Revolving Credit Exposures and the aggregate principal amount of
outstanding Competitive Loans exceeds 105% of the Total Commitments, then,
within three Business Days after notice thereof to the Borrower from the Paying
Agent, the Borrower shall prepay Revolving Borrowings (or, if no such
Borrowings are outstanding, deposit cash collateral in an account with the
Paying Agent pursuant to Section 2.06(j)) such that, after giving effect
thereto, the sum of the total Revolving Credit Exposures plus the aggregate
principal amount of outstanding Competitive Loans does not exceed the Total
Commitments.  Solely for purposes of determining compliance with this
paragraph, the total Revolving Credit Exposure shall be deemed reduced by the
amount of cash collateral deposited with and held by the Paying Agent pursuant
to Section 2.06(j).</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  The Borrower shall notify the Paying Agent
(and, in the case of prepayment of a Swingline Loan, the applicable Swingline
Lender) by telephone (confirmed by telecopy) of any prepayment hereunder
(i) in the case of prepayment of a Eurodollar Revolving Borrowing, not
later than 11:00 a.m., New York City time, three Business Days before
the date of prepayment, (ii) in the case of prepayment of an ABR Revolving
Borrowing, not later than 11:00 a.m., New York City time, one
Business Day before the date of prepayment or (iii) in the case of
prepayment of a Swingline Loan, not later than 12:00 noon, New York
City time, on the date of prepayment.  Each such notice shall be irrevocable
and shall specify the prepayment date and the principal amount of each
Borrowing or portion thereof to be prepaid; <u>provided</u> that, if a notice
of prepayment is given in connection with a conditional notice of termination
of the Commitments as contemplated by Section 2.09, then such notice of
prepayment may be revoked if such notice of termination is revoked in
accordance with Section 2.09.  Promptly following receipt of any such
notice relating to a Revolving Borrowing, the Paying Agent shall advise the
Lenders of the contents thereof.  Each partial prepayment of any Revolving
Borrowing shall be in an amount that would be permitted in the case of an
advance of a Revolving Borrowing of the same Type as provided in Section 2.02. 
Each prepayment of a Revolving Borrowing shall be applied ratably to the Loans
included in the prepaid Borrowing.  Prepayments shall be accompanied by accrued
interest to the extent required by Section 2.13.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744184">SECTION
2.12.  <u>Fees.</u>  </a>(a)  The Borrower agrees to pay to the Paying Agent
for the account of each Lender a facility fee, which shall accrue at the
Applicable Rate on the greater of (i) the amount of the Commitment of such
Lender during the period from and including the Effective Date to but excluding
the date on which such Commitment terminates and (ii) the amount of such
Lender’s Revolving Credit Exposure.  Accrued facility fees shall be payable in
arrears on the last day of March, June, September and December of each year and
on the date on which the Commitments terminate, commencing on the first such
date to occur after the date hereof.  All facility fees shall be computed on
the basis of a year of 360 days and shall be payable for the actual number
of days elapsed (including the first day but excluding the last day).</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  The Borrower agrees to pay (i) to the
Paying Agent for the account of each Lender a participation fee with respect to
its participations in Letters of Credit, which shall accrue at the same
Applicable Rate used to determine the interest rate applicable to Eurodollar
Revolving Loans (or in the case of a Trade Letter of Credit, 50% of such
Applicable Rate) on the average daily amount of such Lender’s LC Exposure
(excluding any portion thereof attributable to unreimbursed LC Disbursements)
during the period from and including the Effective Date to but excluding the
later of the date on which such Lender’s Commitment terminates and the date on
which such Lender ceases to have any LC Exposure, and (ii) to each Issuing
Bank a fronting fee separately agreed upon between the Borrower and such
Issuing Bank.  Participation fees accrued through and including the last day of
March, June, September and December of each year shall be payable on the fifth
Business Day following such last day, commencing on the first such date to
occur after the Effective Date; <u>provided</u> that all such fees shall be
payable on the date on which the Commitments terminate and any such fees
accruing after the date on which the Commitments terminate shall be payable on
demand.  Any other fees payable to an Issuing Bank pursuant to this paragraph
shall be payable within 10 days after demand.  All participation fees
shall be computed on the basis of a year of 360 days and shall be payable
for the actual number of days elapsed (including the first day but excluding
the last day).</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  The Borrower agrees to pay to the Paying
Agent, for its own account or for the account of the Lenders, as applicable,
fees payable in the amounts and at the times separately agreed upon between the
Borrower and the Paying Agent.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  All fees payable hereunder shall be paid on
the dates due, in immediately available funds, to the Paying Agent (or to the
applicable Issuing Bank, in the case of fees payable to it) for distribution,
in the case of facility fees, participation fees and other fees separately
agreed upon to be payable to the Lenders, to the Lenders.  Fees paid shall not
be refundable under any circumstances, except to the extent that the Borrower
demonstrates that any amounts paid represent overpayments.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744185">SECTION
2.13.  <u>Interest.</u>  </a>(a)  The Loans comprising each ABR Borrowing
(including each Swingline Loan) shall bear interest at the Alternate Base Rate
plus the Applicable Rate.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  The Loans comprising each Eurodollar Borrowing
shall bear interest (i) in the case of a Eurodollar Revolving Loan, at the
Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus
the Applicable Rate, or (ii) in the case of a Eurodollar Competitive Loan,
at the LIBO Rate for the Interest Period in effect for such Borrowing plus (or
minus, as applicable) the Margin applicable to such Loan.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  Each Fixed Rate Loan shall bear interest at
the Fixed Rate applicable to such Loan.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  Notwithstanding the foregoing, if any
principal of or interest on any Loan or any fee or other amount payable by the
Borrower hereunder is not paid when due, whether at stated maturity, upon
acceleration or otherwise, such overdue amount shall bear interest, after as
well as before judgment, at a rate per annum equal to (i) in the case of
overdue principal of any Loan, 2.0% plus the rate otherwise applicable to such
Loan as provided in the preceding paragraphs of this Section or (ii) in
the case of any other amount, 2.0% plus the rate applicable to ABR Loans as
provided in paragraph (a) of this Section.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(e)  Accrued interest on each Loan shall be payable
in arrears on each Interest Payment Date for such Loan and, in the case of
Revolving Loans, upon termination of the Commitments; <u>provided</u> that
(i) interest accrued pursuant to paragraph (d) of this Section shall
be payable on demand, (ii) in the event of any repayment or prepayment of
any Loan (other than a prepayment of an ABR Revolving Loan prior to the end of
the Availability Period), accrued interest on the principal amount repaid or
prepaid shall be payable on the date of such repayment or prepayment and
(iii) in the event of any conversion of any Eurodollar Revolving Loan
prior to the end of the current Interest Period therefor, accrued interest on
such Loan shall be payable on the effective date of such conversion.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(f)  All interest hereunder shall be computed on
the basis of a year of 360 days, except that interest computed by
reference to the Alternate Base Rate at times when the Alternate Base Rate is
based on the Prime Rate shall be computed on the basis of a year of
365 days (or 366 days in a leap year), and in each case shall be
payable for the actual number of days elapsed (including the first day but
excluding the last day).  The applicable Alternate Base Rate, Adjusted LIBO
Rate or LIBO Rate shall be determined by the Paying Agent, and such
determination shall be conclusive absent manifest error.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in;page-break-after:avoid'><a
name="_Toc295744186">SECTION 2.14.  <u>Alternate Rate of Interest.</u>  If
prior to the commencement of any Interest Period for a Eurodollar Borrowing:</a></h2>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(a)  the Paying Agent determines (which determination shall be conclusive
absent manifest error) that adequate and reasonable means do not exist for
ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such
Interest Period; or</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(b)  the Paying Agent is advised by the Required Lenders (or, in the case
of a Eurodollar Competitive Loan, the Lender that is required to make such
Loan) that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such
Interest Period will not adequately and fairly reflect the cost to such Lenders
(or Lender) of making or maintaining their Loans (or its Loan) included in such
Borrowing for such Interest Period;</h4>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>then the Paying Agent shall give notice thereof to
the Borrower and the Lenders by telephone or telecopy as promptly as
practicable thereafter and, until the Paying Agent notifies the Borrower and
the Lenders that the circumstances giving rise to such notice no longer exist,
(i) any Interest Election Request that requests the conversion of any
Revolving Borrowing to, or continuation of any Revolving Borrowing as, a
Eurodollar Borrowing shall be ineffective, (ii) if any Borrowing Request
requests a Eurodollar Revolving Borrowing, such Borrowing shall be made as an
ABR Borrowing and (iii) any request by the Borrower for a Eurodollar
Competitive Borrowing shall be ineffective; <u>provided</u> that (A) if
the circumstances giving rise to such notice do not affect all the Lenders,
then requests by the Borrower for Eurodollar Competitive Borrowings may be made
to Lenders that are not affected thereby and (B) if the circumstances
giving rise to such notice affect only one Type of Borrowings, then the other
Type of Borrowings shall be permitted.</p>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in;page-break-after:avoid'><a
name="_Toc295744187">SECTION 2.15.  <u>Increased Costs.</u>  </a>(a)  If any Change in Law shall:</h2>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(i) impose, modify or deem applicable any reserve, special deposit or
similar requirement against assets of, deposits with or for the account of, or
credit extended by, any Lender (except any such reserve requirement reflected
in the Adjusted LIBO Rate) or any Issuing Bank;</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(ii) impose on any Lender or Issuing Bank or the London interbank market
any other condition affecting this Agreement or Eurodollar Loans or Fixed Rate
Loans made by such Lender or any Letter of Credit or participation therein; or</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(iii) subject any Recipient to any Taxes on its loans, loan principal,
letters of credit, commitments, or other obligations, or its deposits,
reserves, other liabilities or capital attributable thereto (other than (A)
Indemnified Taxes, (B) Excluded Taxes (other than Other Connection Taxes) and
(C) Other Connection Taxes imposed on or measured by net income (however
denominated));</h5>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>and the result of any of the foregoing shall be to
increase the cost to such Lender or such other Recipient of making or
maintaining any Eurodollar Loan or Fixed Rate Loan (or of maintaining its
obligation to make any such Loan) or to increase the cost to such Lender, an
Issuing Bank or such other Recipient of participating in, issuing or
maintaining any Letter of Credit or to reduce the amount of any sum received or
receivable by such Lender, Issuing Bank or such other Recipient hereunder
(whether of principal, interest or otherwise), then the Borrower will pay to
such Lender, Issuing Bank or such other Recipient, as the case may be, such
additional amount or amounts as will compensate such Lender, Issuing Bank or
such other Recipient, as the case may be, for such additional costs incurred or
reduction suffered.</p>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  If any Lender or Issuing Bank determines that
any Change in Law regarding capital or liquidity requirements has had or would
have the effect of reducing the rate of return on such Lender’s or Issuing Bank’s
capital or on the capital of such Lender’s or Issuing Bank’s holding company,
if any, as a consequence of this Agreement or the Loans made by, or
participations in Letters of Credit held by, such Lender, or the Letters of
Credit issued by such Issuing Bank, to a level below that which such Lender or
Issuing Bank or such Lender’s or Issuing Bank’s holding company could have
achieved but for such Change in Law (taking into consideration such Lender’s or
Issuing Bank’s policies and the policies of such Lender’s or Issuing Bank’s
holding company with respect to capital adequacy or liquidity), then from time
to time the Borrower will pay to such Lender or Issuing Bank, as the case may
be, such additional amount or amounts as will compensate such Lender or Issuing
Bank or such Lender’s or Issuing Bank’s holding company for any such reduction
suffered.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  A certificate of a Lender or an Issuing Bank
setting forth the amount or amounts necessary to compensate such Lender or Issuing
Bank or its holding company, as the case may be, as specified in
paragraph (a) or (b) of this Section shall be delivered to the Borrower
and shall be conclusive absent manifest error.  The Borrower shall pay such
Lender or Issuing Bank, as the case may be, the amount shown as due on any such
certificate within 10 days after receipt thereof.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  Failure or delay on the part of any Lender or
Issuing Bank to demand compensation pursuant to this Section shall not
constitute a waiver of such Lender’s or Issuing Bank’s right to demand such
compensation; <u>provided</u> that the Borrower shall not be required to
compensate a Lender or an Issuing Bank pursuant to this Section for any
increased costs or reductions incurred more than 270 days prior to the
date that such Lender or Issuing Bank, as the case may be, notifies the
Borrower of the Change in Law giving rise to such increased costs or reductions
and of such Lender’s or Issuing Bank’s intention to claim compensation
therefor; <u>provided</u> <u>further</u> that, if the Change in Law giving rise
to such increased costs or reductions is retroactive, then the 270‑day
period referred to above shall be extended to include the period of retroactive
effect thereof.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(e)  Notwithstanding the foregoing provisions of
this Section, a Lender shall not be entitled to compensation pursuant to this
Section in respect of any Competitive Loan if the Change in Law that would
otherwise entitle it to such compensation shall have been publicly announced
prior to submission of the Competitive Bid pursuant to which such Loan was
made.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744188">SECTION
2.16.  <u>Break Funding Payments.</u>  In the event of (a) the payment of
any principal of any Eurodollar Loan or Fixed Rate Loan other than on the last
day of an Interest Period applicable thereto (including as a result of an Event
of Default), (b) the conversion of any Eurodollar Loan other than on the
last day of the Interest Period applicable thereto, (c) the failure to
borrow, convert, continue or prepay any Eurodollar Loan or Fixed Rate Loan on
the date specified in any notice delivered pursuant hereto (regardless of
whether such notice may be revoked under Section 2.11(b) and is revoked in
accordance therewith), (d) the failure to borrow any Competitive Loan
after accepting the Competitive Bid to make such Loan, or (e) the assignment
of any Eurodollar Loan or Fixed Rate Loan other than on the last day of the
Interest Period applicable thereto as a result of a request by the Borrower
pursuant to Section 2.19, then, in any such event, the Borrower shall
compensate each Lender for the loss, cost and expense attributable to such
event.  In the case of a Eurodollar Loan, such loss, cost or expense to any
Lender shall be deemed to include an amount determined by such Lender to be the
excess, if any, of (i) the amount of interest which would have accrued on
the principal amount of such Loan had such event not occurred, at the Adjusted
LIBO Rate that would have been applicable to such Loan, for the period from the
date of such event to the last day of the then current Interest Period therefor
(or, in the case of a failure to borrow, convert or continue, for the period
that would have been the Interest Period for such Loan), over (ii) the
amount of interest which would accrue on such principal amount for such period
at the interest rate which such Lender would bid were it to bid, at the
commencement of such period, for dollar deposits of a comparable amount and
period from other banks in the eurodollar market.  A certificate of any Lender
setting forth any amount or amounts that such Lender is entitled to receive
pursuant to this Section shall be delivered to the Borrower and shall be
conclusive absent manifest error.  The Borrower shall pay such Lender the
amount shown as due on any such certificate within 30 days after receipt
thereof.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744189">SECTION
2.17.  <u>Withholding of Taxes; Gross-Up.</u>  </a>(a)  Each payment by or on
account of any obligation of the Borrower under any Loan Document shall be made
without withholding for any Taxes, unless such withholding is required by any
law.  If any Withholding Agent determines, in its sole discretion exercised in
good faith, that it is so required to withhold Taxes, then such Withholding
Agent may so withhold and shall timely pay the full amount of withheld Taxes to
the relevant Governmental Authority in accordance with applicable law.  If such
Taxes are Indemnified Taxes, then the amount payable by the Borrower shall be
increased as necessary so that, net of such withholding (including such
withholding applicable to additional amounts payable under this Section), the
applicable Recipient receives the amount it would have received had no such
withholding been made.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  <u>Payment of Other Taxes by the Borrower.</u> 
The Borrower shall timely pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)   <u>Evidence of Payments.</u>  As soon as
practicable after any payment of Indemnified Taxes by the Borrower to a
Governmental Authority, the Borrower shall deliver to the Administrative Agent
the original or a certified copy of a receipt issued by such Governmental Authority
evidencing such payment, a copy of the return reporting such payment or other
evidence of such payment reasonably satisfactory to the Administrative Agent.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  <u>Indemnification by the Borrower.</u>  The
Borrower shall indemnify each Recipient for any Indemnified Taxes that are paid
or payable by such Recipient in connection with any Loan Document (including
amounts paid or payable under this Section 2.17(d)) and any reasonable
expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority.  The indemnity under this Section 2.17(d) shall be
paid within 10 days after the Recipient delivers to the Borrower a certificate
stating the amount of any Indemnified Taxes so paid or payable by such
Recipient and describing the basis for the indemnification claim.  Such
certificate shall be conclusive of the amount so paid or payable absent
manifest error.  Such Recipient shall deliver a copy of such certificate to the
Administrative Agent.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(e)  <u>Indemnification by the Lenders.</u>  Each
Lender shall severally indemnify the Administrative Agent for any Taxes (but,
in the case of any Indemnified Taxes, only to the extent that the Borrower has
not already indemnified the Administrative Agent for such Indemnified Taxes and
without limiting the obligation of the Borrower to do so) attributable to such
Lender that are paid or payable by the Administrative Agent in connection with any
Loan Document and any reasonable expenses arising therefrom or with respect
thereto, whether or not such Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority.  The indemnity under this
Section 2.17(e) shall be paid within 10 days after the Administrative
Agent delivers to the applicable Lender a certificate stating the amount of
Taxes so paid or payable by the Administrative Agent.  Such certificate shall
be conclusive of the amount so paid or payable absent manifest error.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(f)  <u>Status of Lenders.</u>  (i)  Any Lender
that is entitled to an exemption from, or reduction of, any applicable
withholding Tax with respect to any payments under this Agreement shall deliver
to the Borrower and the Administrative Agent, at the time or times reasonably
requested by the Borrower or the Administrative Agent, such properly completed
and executed documentation reasonably requested by the Borrower or the Administrative
Agent as will permit such payments to be made without, or at a reduced rate of,
withholding.  In addition, any Lender, if requested by the Borrower or the Administrative
Agent, shall deliver such other documentation prescribed by law or reasonably
requested by the Borrower or the Administrative Agent as will enable the
Borrower or the Administrative Agent to determine whether or not such Lender is
subject to any withholding (including backup withholding) or information
reporting requirements.  Notwithstanding anything to the contrary in the
preceding two sentences, the completion, execution and submission of such
documentation (other than such documentation set forth in Sections 2.17(f)(ii)(A)
through (E) and 2.17(f)(iii) below) shall not be required if in the Lender’s
judgment such completion, execution or submission would subject such Lender to
any material unreimbursed cost or expense or would materially prejudice the
legal or commercial position of such Lender.  Upon the reasonable request of
such Borrower or the Administrative Agent, any Lender shall update any form or
certification previously delivered pursuant to this Section 2.17(f).  If
any form or certification previously delivered pursuant to this
Section expires or becomes obsolete or inaccurate in any respect with
respect to a Lender, such Lender shall promptly (and in any event within 10
days after such expiration, obsolescence or inaccuracy) notify such Borrower
and the Administrative Agent in writing of such expiration, obsolescence or
inaccuracy and update the form or certification if it is legally eligible to do
so.</h3>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(ii)  Without limiting the generality of the foregoing, if the Borrower is
a U.S. Person, any Lender with respect to such Borrower shall, if it is
legally eligible to do so, deliver to such Borrower and the Administrative
Agent (in such number of copies reasonably requested by such Borrower and the Administrative
Agent) on or prior to the date on which such Lender becomes a party hereto,
duly completed and executed originals of whichever of the following is
applicable:</h4>

<p style='mso-style-name:"Heading 7\,h7";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:1.0in'>(A) in the case of a Lender that
is a U.S. Person, IRS Form W-9 certifying that such Lender is exempt
from U.S. Federal backup withholding tax;</p>

<p style='mso-style-name:"Heading 7\,h7";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:1.0in'>(B) in the case of a
Non-U.S. Lender claiming the benefits of an income tax treaty to which the
United States is a party (1) with respect to payments of interest
under this Agreement, IRS Form W-8BEN establishing an exemption from, or
reduction of, U.S. Federal withholding Tax pursuant to the “interest”
article of such tax treaty and (2) with respect to any other applicable
payments under this Agreement, IRS Form W-8BEN establishing an exemption
from, or reduction of, U.S. Federal withholding Tax pursuant to the
“business profits” or “other income” article of such tax treaty;</p>

<p style='mso-style-name:"Heading 7\,h7";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:1.0in'>(C) in the case of a
Non-U.S. Lender for whom payments under this Agreement constitute income
that is effectively connected with such Lender’s conduct of a trade or business
in the United States, IRS Form W-8ECI;</p>

<p style='mso-style-name:"Heading 7\,h7";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:1.0in'>(D) in the case of a
Non-U.S. Lender claiming the benefits of the exemption for portfolio
interest under Section 881(c) of the Code both (1) IRS Form
W-8BEN and (2) a certificate substantially in the form of Exhibit C (a “<u>U.S. Tax
Certificate</u>”) to the effect that such Lender is not (a) a “bank”
within the meaning of Section 881(c)(3)(A) of the Code, (b) a “10
percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B)
of the Code, (c) a “controlled foreign corporation” described in
Section 881(c)(3)(C) of the Code and (d) conducting a trade or
business in the United States with which the relevant interest payments
are effectively connected;</p>

<p style='mso-style-name:"Heading 7\,h7";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:1.0in'>(E) in the case of a
Non-U.S. Lender that is not the beneficial owner of payments made under
this Agreement (including a partnership or a participating Lender) (1) an
IRS Form W-8IMY on behalf of itself and (2) the relevant forms
prescribed in clauses (A), (B), (C), (D) and (F) of this
paragraph (f)(ii) that would be required of each such beneficial
owner or partner of such partnership if such beneficial owner or partner were a
Lender; <u>provided</u>, <u>however</u>, that if the Lender is a partnership
and one or more of its partners are claiming the exemption for portfolio
interest under Section 881(c) of the Code, such Lender may provide a
U.S. Tax Certificate on behalf of such partners; or</p>

<p style='mso-style-name:"Heading 7\,h7";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:1.0in'>(F) any other form prescribed by
law as a basis for claiming exemption from, or a reduction of,
U.S. Federal withholding Tax together with such supplementary
documentation necessary to enable the Borrower or the Administrative Agent to
determine the amount of Tax (if any) required by law to be withheld.</p>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(iii)  If a payment made to a Lender under any Loan Document would be
subject to U.S. Federal withholding Tax imposed by FATCA if such Lender
were to fail to comply with the applicable reporting requirements of FATCA
(including those contained in Section 1471(b) or 1472(b) of the Code, as
applicable), such Lender shall deliver to the Withholding Agent, at the time or
times prescribed by law and at such time or times reasonably requested by the Borrower
or the Administrative Agent, such documentation prescribed by applicable law
(including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Borrower or the Administrative
Agent as may be necessary for the Withholding Agent to comply with its
obligations under FATCA, to determine that such Lender has or has not complied
with such Lender’s obligations under FATCA and, as necessary, to determine the
amount to deduct and withhold from such payment.  Solely for purposes of this
Section 2.17(f)(iii), “FATCA” shall include any amendments made to FATCA
after the date of this Agreement.</h4>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(g)  <u>Treatment of Certain Refunds.</u>  If any
party determines, in its sole discretion exercised in good faith, that it has
received a refund of any Taxes as to which it has been indemnified pursuant to
this Section 2.17 (including additional amounts paid pursuant to this
Section 2.17), it shall pay to the indemnifying party an amount equal to
such refund (but only to the extent of indemnity payments made under this
Section with respect to the Taxes giving rise to such refund), net of all
out-of-pocket expenses (including any Taxes) of such indemnified party and
without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund).  Such indemnifying party, upon the
request of such indemnified party, shall repay to such indemnified party the
amount paid to such indemnified party pursuant to the previous sentence (plus
any penalties, interest or other charges imposed by the relevant Governmental
Authority) in the event such indemnified party is required to repay such refund
to such Governmental Authority.  Notwithstanding anything to the contrary in
this Section 2.17(g), in no event will any indemnified party be required
to pay any amount to any indemnifying party pursuant to this Section 2.17(g)
if such payment would place such indemnified party in a less favorable position
(on a net after-Tax basis) than such indemnified party would have been in if
the indemnification payments or additional amounts giving rise to such refund
had never been paid.  This Section 2.17(g) shall not be construed to
require any indemnified party to make available its Tax returns (or any other
information relating to its Taxes which it deems confidential) to the
indemnifying party or any other Person.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744190">SECTION
2.18.  <u>Payments Generally; Pro Rata Treatment; Sharing of Set‑offs.</u> 
</a>(a)  The Borrower shall make each payment required to be made by it
hereunder (whether of principal, interest, fees or reimbursement of LC
Disbursements, or of amounts payable under Section 2.15, 2.16 or 2.17, or
otherwise) prior to 1:00 p.m., New York City time (or, in the case of
an amount payable in an Alternate Currency, 1:00 p.m. local time at the
place of payment), on the date when due, in immediately available funds, without
set‑off or counterclaim.  Any amounts received after such time on any
date may, in the discretion of the Paying Agent, be deemed to have been
received on the next succeeding Business Day for purposes of calculating
interest thereon.  All such payments shall be made to the Paying Agent at its
offices at 270 Park Avenue, New York, New York (or, in the case of
payments in an Alternate Currency, such other location as provided below),
except payments to be made directly to an Issuing Bank or a Swingline Lender as
expressly provided herein and except that payments pursuant to
Sections 2.15, 2.16, 2.17 and 9.03 shall be made directly to the Persons
entitled thereto.  The Paying Agent shall distribute any such payments received
by it for the account of any other Person to the appropriate recipient promptly
following receipt thereof.  If any payment hereunder shall be due on a day that
is not a Business Day, the date for payment shall be extended to the next
succeeding Business Day, and, in the case of any payment accruing interest,
interest thereon shall be payable for the period of such extension.  All
payments hereunder shall be made in dollars, except as expressly provided
herein with respect to Alternate Currency Letters of Credit.  All payments to
be made by the Borrower in an Alternate Currency pursuant to Section 2.06(m)
shall be made in such Alternate Currency in such funds as may then be customary
for the settlement of international transactions in such Alternate Currency for
the account of the applicable Issuing Bank at such time and at such place as
shall have been notified by such Issuing Bank to the Borrower by not less than
four Business Days’ notice.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  If at any time insufficient funds are received
by and available to the Paying Agent to pay fully all amounts of principal,
unreimbursed LC Disbursements, interest and fees then due hereunder, such funds
shall be applied (i) first, towards payment of interest and fees then due
hereunder, ratably among the parties entitled thereto in accordance with the
amounts of interest and fees then due to such parties, and (ii) second,
towards payment of principal and unreimbursed LC Disbursements then due
hereunder, ratably among the parties entitled thereto in accordance with the
amounts of principal and unreimbursed LC Disbursements then due to such
parties.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  If any Lender shall, by exercising any right
of set‑off or counterclaim or otherwise, obtain payment in respect of any
principal of or interest on any of its Revolving Loans or participations in LC
Disbursements or Swingline Loans resulting in such Lender receiving payment of
a greater proportion of the aggregate amount of its Revolving Loans and
participations in LC Disbursements and Swingline Loans and accrued interest
thereon than the proportion received by any other Lender, then the Lender
receiving such greater proportion shall purchase (for cash at face value)
participations in the Revolving Loans and participations in LC Disbursements
and Swingline Loans of other Lenders to the extent necessary so that the
benefit of all such payments shall be shared by the Lenders ratably in
accordance with the aggregate amount of principal of and accrued interest on
their respective Revolving Loans and participations in LC Disbursements and
Swingline Loans; <u>provided</u> that (i) if any such participations are
purchased and all or any portion of the payment giving rise thereto is
recovered, such participations shall be rescinded and the purchase price
restored to the extent of such recovery, without interest, and (ii) the
provisions of this paragraph shall not be construed to apply to any payment
made by the Borrower pursuant to and in accordance with the express terms of
this Agreement or any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Loans or participations
in LC Disbursements to any assignee or participant, other than to the Borrower
or any Subsidiary or Affiliate thereof (as to which the provisions of this
paragraph shall apply).  The Borrower consents to the foregoing and agrees, to
the extent it may effectively do so under applicable law, that any Lender
acquiring a participation pursuant to the foregoing arrangements may exercise
against the Borrower rights of set‑off and counterclaim with respect to
such participation as fully as if such Lender were a direct creditor of the
Borrower in the amount of such participation.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  Unless the Paying Agent shall have received
notice from the Borrower prior to the date on which any payment is due to the
Paying Agent for the account of the Lenders or any Issuing Bank hereunder that
the Borrower will not make such payment, the Paying Agent may assume that the
Borrower has made such payment on such date in accordance herewith and may, in
reliance upon such assumption, distribute to the Lenders or such Issuing Bank,
as the case may be, the amount due.  In such event, if the Borrower has not in
fact made such payment, then each of the Lenders or the applicable Issuing
Bank, as the case may be, severally agrees to repay to the Paying Agent
forthwith on demand the amount so distributed to such Lender or Issuing Bank
with interest thereon, for each day from and including the date such amount is
distributed to it to but excluding the date of payment to the Paying Agent, at
the greater of the Federal Funds Effective Rate and a rate determined by the
Paying Agent in accordance with banking industry rules on interbank
compensation.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(e)  If any Lender shall fail to make any payment
required to be made by it pursuant to Section 2.05(c), 2.06(d) or (e),
2.07(b) or 2.18(d), then the Paying Agent may, in its discretion
(notwithstanding any contrary provision hereof), apply any amounts thereafter
received by the Paying Agent for the account of such Lender to satisfy such
Lender’s obligations under such Sections until all such unsatisfied obligations
are fully paid.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744191">SECTION
2.19.  <u>Mitigation Obligations; Replacement of Lenders.</u>  </a>(a)  If any Lender requests compensation under Section 2.15, or if the Borrower is
required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 2.17, then
such Lender shall use reasonable efforts to designate a different lending
office for funding or booking its Loans hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or affiliates, if, in
the judgment of such Lender, such designation or assignment (i) would
eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17, as
the case may be, in the future and (ii) would not subject such Lender to
any unreimbursed cost or expense and would not otherwise be disadvantageous to
such Lender.  The Borrower hereby agrees to pay all reasonable costs and
expenses incurred by any Lender in connection with any such designation or
assignment.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  If (i) any Lender requests compensation under
Section 2.15, (ii) the Borrower is required to pay any additional amount
to any Lender or any Governmental Authority for the account of any Lender
pursuant to Section 2.17, (iii) any Lender is a Declining Lender or a
Defaulting Lender or (iv) any Lender has failed to consent to a proposed
amendment, waiver or modification that under Section 9.02 requires the consent
of all the Lenders (or each affected Lender) and with respect to which the
Required Lenders shall have granted their consent, then the Borrower may, at
its sole expense and effort, upon notice to such Lender and the Paying Agent,
require such Lender to assign and delegate, without recourse (in accordance
with and subject to the restrictions contained in Section 9.04), all its
interests, rights and obligations under this Agreement (other than any
outstanding Competitive Loans held by it) to an assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such assignment);
<u>provided</u> that (A) the Borrower shall have received the prior
written consent of the Paying Agent, which consent shall not unreasonably be
withheld, (B) such Lender shall have received payment of an amount equal
to the outstanding principal of its Loans (other than Competitive Loans) and
participations in LC Disbursements and Swingline Loans, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder, from the
assignee (to the extent of such outstanding principal and accrued interest and
fees) or the Borrower (in the case of all other amounts), (C) in the case
of any such assignment resulting from a claim for compensation under
Section 2.15 or payments required to be made pursuant to
Section 2.17, such assignment will result in a reduction in such
compensation or payments, (D) in the case of any assignment resulting from a
Lender being a Declining Lender, the assignee shall have agreed to the
applicable Maturity Date Extension Request and (E) in the case of any such
assignment resulting from the failure to provide a consent, the assignee shall
have given such consent.  A Lender shall not be required to make any such
assignment and delegation if, prior thereto, as a result of a waiver by such
Lender or otherwise, the circumstances entitling the Borrower to require such
assignment and delegation cease to apply.  Each party hereto agrees that an
assignment and delegation required pursuant to this paragraph may be effected
pursuant to an Assignment and Assumption executed by the Borrower, the Paying
Agent and the assignee and that the Lender required to make such assignment and
delegation need not be a party thereto.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744192">SECTION
2.20.  <u>Increase in Commitments.</u>  </a>(a)    At any time after the
Effective Date and no more than two times during any calendar year, the
Borrower may, by written notice to the Paying Agent, request at any time or
from time to time that the Total Commitments be increased; <u>provided</u> that
the aggregate amount of each such increase pursuant to this Section 2.20 shall
not be less than $20,000,000 and the aggregate amount of all such increases
pursuant to this Section 2.20 shall not cause the aggregate amount of Total
Commitments to exceed $1,750,000,000.  Any such notice shall set forth the
amount of the requested increase in the Total Commitments and the date on which
such increase is requested to become effective.  The Borrower may arrange for
one or more banks or other financial institutions (any such bank or other
financial institution being called an “<u>Augmenting Lender</u>”), which may
include any Lender, to extend Commitments or increase its existing Commitment
in an aggregate amount equal to the requested amount of the increase in the
Total Commitments; <u>provided</u> that each Augmenting Lender, if not already
a Lender hereunder, shall be subject to the approval of the Paying Agent (not
to be unreasonably withheld).  Increases of Commitments and new Commitments
created pursuant to this paragraph (a) shall become effective upon the
execution and delivery by Parent, the Borrower, the Paying Agent and any
Lenders (including any Augmenting Lenders) agreeing to increase their existing
Commitments or extend new Commitments, as the case may be, of an agreement
providing for such increased or additional Commitments, subject to the
satisfaction of any conditions set forth in such agreement.  Notwithstanding
the foregoing, no increase in the Total Commitments (or in the Commitment of
any Lender) shall become effective under this paragraph (a) unless, on the date
of such increase, the conditions set forth in paragraphs (a) and (b) of
Sections 4.02 shall be satisfied (as though a Borrowing were being made on such
date) and the Paying Agent shall have received a certificate to that effect
dated such date and executed by a Responsible Officer or a Financial Officer of
Parent and the Borrower.  The Borrower is not required to offer any Lender an
opportunity to participate in any increase pursuant to this Section 2.20 and,
if offered an opportunity to participate, a Lender shall not have any
obligation to participate.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  At the time that any increase in the Total
Commitments pursuant to paragraph (a) of this Section 2.20 (a “<u>Commitment
Increase</u>”) becomes effective, if any Revolving Loans are outstanding, the
Borrower shall prepay the aggregate principal amount outstanding in respect of
such Revolving Loans in accordance with Section 2.11 (the “<u>Initial Loans</u>”);
<u>provided</u> that (i) nothing in this Section 2.20 shall prevent the
Borrower from funding the prepayment of Initial Loans with concurrent Revolving
Loans hereunder in accordance with the provisions of this Agreement, giving
effect to the Commitment Increase, and (ii) no such prepayment shall be
required if, after giving effect to the Commitment Increase, each Lender has
the same Applicable Percentage as immediately prior to such Commitment
Increase.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744193">SECTION
2.21.  <u>Currency Fluctuations.</u>  </a>(a)  Not later than 1:00 p.m., New
York City time, on each Calculation Date, if there are any Alternate Currency
Letters of Credit outstanding, (i) each Issuing Bank that has outstanding
any Alternate Currency Letter of Credit or LC Disbursement thereunder shall
determine the Dollar Amount as of such Calculation Date of each outstanding
Alternate Currency Letter of Credit issued by it or LC Disbursement thereunder,
and such Issuing Bank shall notify the Paying Agent and the Borrower of each
Dollar Amount so determined and the relevant Spot Exchange Rate used by it to
make such determination and (ii) the Paying Agent shall give notice to the
Lenders and the Borrower of the Spot Exchange Rates so determined.  The Spot
Exchange Rates so determined shall become effective on the first Business Day
immediately following the relevant Calculation Date (a “<u>Reset Date</u>”) and
(subject to Section 2.06(m)) shall remain effective until the next
succeeding Reset Date.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Not later than 5:00 p.m., New York City time,
on each Reset Date and the date of each Borrowing or issuance of a Letter of
Credit, if there are any Alternate Currency Letters of Credit then outstanding,
the Paying Agent shall (i) determine the Dollar Equivalent of the Alternate
Currency Letters of Credit then outstanding (after giving effect to any Loans
to be made or repaid on such date) and (ii) notify the Lenders and the Borrower
of the results of such determination and of the resulting total Revolving
Credit Exposures.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744194">SECTION
2.22.  <u>Extension of Maturity Date.</u>  </a>(a)  The Borrower may, by
delivery of a written request (a “<u>Maturity Date Extension Request</u>”) to
the Paying Agent (which shall promptly deliver a copy to each of the Lenders)
not less than 30 days and not more than 90 days prior to any
anniversary of the Effective Date, request that the Lenders extend the Maturity
Date for an additional period of one year; provided that there shall be no more
than two extensions of the Maturity Date pursuant to this Section.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Each Lender shall, by notice to the Borrower
and the Administrative Agent given not later than the 20th day after the
date of the Paying Agent’s receipt of the Borrower’s Maturity Date Extension
Request (or such other date as the Borrower and the Paying Agent may agree;
such date, the “<u>Extension Date</u>”), advise the Borrower whether or not it
agrees to the requested extension (each Lender agreeing to a requested
extension being called a “<u>Consenting Lender</u>”, and each Lender declining
to agree to a requested extension being called a “<u>Declining Lender</u>”). 
Any Lender that has not so advised the Borrower and the Paying Agent by such
Extension Date shall be deemed to have declined to agree to such extension and
shall be a Declining Lender.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  If Lenders constituting the Required Lenders
shall have agreed to a Maturity Date Extension Request by the Extension Date,
then the Maturity Date shall, as to the Consenting Lenders, be extended to the
first anniversary of the Maturity Date theretofore in effect.  The decision to
agree or withhold agreement to any Maturity Date Extension Request shall be at
the sole discretion of each Lender.  The Commitment of any Declining Lender
shall terminate on the Maturity Date in effect prior to giving effect to any
such extension (such Maturity Date being called the “<u>Existing Maturity Date</u>”). 
The principal amount of any outstanding Loans made by Declining Lenders,
together with any accrued interest thereon and any accrued fees and other
amounts payable to or for the account of such Declining Lenders hereunder,
shall be due and payable on the Existing Maturity Date, and on the Existing
Maturity Date the Borrower shall also make such other prepayments of Loans
pursuant to Section 2.11 as shall be required in order that, after giving
effect to the termination of the Commitments of, and all payments to, Declining
Lenders pursuant to this sentence, the sum of the total Revolving Credit
Exposures plus the aggregate principal amount of outstanding Competitive Loans
would not exceed the Total Commitments.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  Notwithstanding the foregoing provisions of
this Section 2.22, the Borrower shall have the right, pursuant to
Section 2.19(b), at any time prior to the Existing Maturity Date, to
replace a Declining Lender with a Lender or other financial institution that
will agree to the applicable Maturity Date Extension Request, and any such
replacement Lender shall for all purposes constitute a Consenting Lender.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(e)  Notwithstanding the foregoing provisions of
this Section 2.22, no extension of the Maturity Date pursuant to this
Section 2.22 shall become effective unless, on or promptly following the
Extension Date, the conditions set forth in Section 4.02 shall be
satisfied (with all references in such Section to a Borrowing being deemed to
be references to such extension and without giving effect to the parenthetical
in Section 4.02(a))  and the Paying Agent shall have received a
certificate to that effect dated the Extension Date and executed by a
Responsible Officer or a Financial Officer of each of Parent and the Borrower.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744195">SECTION
2.23.  <u>Defaulting Lenders.</u>  Notwithstanding any provision of this
Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the
following provisions shall apply for so long as such Lender is a Defaulting
Lender:</a></h2>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(a)  facility fees shall cease to accrue on the unused amount of the
Commitment of such Defaulting Lender pursuant to Section 2.12(a);</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(b)  the Commitment and Revolving Credit Exposure of such Defaulting Lender
shall not be included in determining whether the Required Lenders or any other
requisite Lenders have taken or may take any action hereunder or under any
other Loan Document (including any consent to any amendment, waiver or other
modification pursuant to Section 9.02); <u>provided</u> that any amendment, waiver
or other modification requiring the consent of all Lenders or all Lenders
affected thereby shall, except as otherwise provided in Section 9.02, require
the consent of such Defaulting Lender in accordance with the terms hereof;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(c)  if any Swingline Exposure or LC Exposure exists at the time such
Lender becomes a Defaulting Lender then:</h4>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:1.0in'>(i) the Swingline Exposure and LC Exposure of
such Defaulting Lender shall be reallocated among the Non-Defaulting Lenders in
accordance with their respective Applicable Percentages but only to the extent
that the sum of all Non-Defaulting Lenders’ Revolving Exposures plus such
Defaulting Lender’s Swingline Exposure and LC Exposure does not exceed the sum
of all Non-Defaulting Lenders’ Commitments;</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:1.0in'>(ii) if the reallocation described in clause (i)
above cannot, or can only partially, be effected, the Borrower shall within one
Business Day following notice by the Paying Agent (A) first, prepay the portion
of such Defaulting Lender’s Swingline Exposure that has not been reallocated
and (B) second, cash collateralize for the benefit of the Issuing Banks
the portion of such Defaulting Lender’s LC Exposure that has not been
reallocated in accordance with the procedures set forth in Section 2.06(j)
for so long as such LC Exposure is outstanding;</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:1.0in'>(iii) if the Borrower cash collateralizes any
portion of such Defaulting Lender’s LC Exposure pursuant to clause (ii) above,
the Borrower shall not be required to pay participation fees to such Defaulting
Lender pursuant to Section 2.12(b) with respect to such portion of such
Defaulting Lender’s LC Exposure for so long as such Defaulting Lender’s LC
Exposure is cash collateralized;</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:1.0in'>(iv) if any portion of the LC Exposure of such
Defaulting Lender is reallocated pursuant to clause (i) above, then the fees
payable to the Lenders pursuant to Sections 2.12(a) and 2.12(b) shall be
adjusted to give effect to such reallocation; and</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:1.0in'>(v) if all or any portion of such Defaulting
Lender’s LC Exposure is neither reallocated nor cash collateralized pursuant to
clause (i) or (ii) above, then, without prejudice to any rights or remedies of
any Issuing Bank or any other Lender hereunder, all facility fees that
otherwise would have been payable to such Defaulting Lender (solely with
respect to the portion of such Defaulting Lender’s Commitment utilized by such
LC Exposure) and participation fees payable under Section 2.12(b) with respect
to such Defaulting Lender’s LC Exposure shall be payable to the Issuing Banks
(and allocated among them ratably based on the amount of such Defaulting Lender’s
LC Exposure attributable to Letters of Credit issued by each Issuing Bank)
until and to the extent that such LC Exposure is reallocated and/or cash
collateralized; and</h5>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(d)  so long as such Lender is a Defaulting Lender, the Swingline Lender
shall not be required to fund any Swingline Loan and no Issuing Bank shall be
required to issue, amend, renew or extend any Letter of Credit, unless in each
case it is satisfied that the related exposure and the Defaulting Lender’s then
outstanding Swingline Exposure or LC Exposure, as applicable, will be fully
covered by the Commitments of the Non-Defaulting Lenders and/or cash collateral
provided by the Borrower in accordance with Section 2.23(c), and participating
interests in any such funded Swingline Loan or in any such issued, amended,
reviewed or extended Letter of Credit will be allocated among the
Non-Defaulting Lenders in a manner consistent with Section 2.23(c)(i) (and
such Defaulting Lender shall not participate therein).</h4>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>In the event that (x) a Bankruptcy Event with
respect to a Lender Parent shall have occurred following the date hereof and
for so long as such Bankruptcy Event shall continue or (y) the Swingline Lender
or any Issuing Bank has a good faith belief that any Lender has defaulted in
fulfilling its obligations under one or more other agreements in which such
Lender commits to extend credit, the Swingline Lender shall not be required to
fund any Swingline Loan, and no Issuing Bank shall be required to issue, amend,
renew or extend any Letter of Credit, unless the Swingline Lender or such
Issuing Bank, as the case may be, shall have entered into arrangements with the
Borrower or such Lender satisfactory to the Swingline Lender or such Issuing
Bank, as the case may be, to defease any risk to it in respect of such Lender
hereunder.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>In the event that the Paying Agent, the
Borrower, the Swingline Lender and each Issuing Bank each agree (provided that
the Borrower’s agreement shall not be required if an Event of Default has
occurred and is continuing) that a Defaulting Lender has adequately remedied
all matters that caused such Lender to be a Defaulting Lender, then the
Swingline Exposure and LC Exposure of the Lenders shall be readjusted to
reflect the inclusion of such Lender’s Commitment and on such date such Lender
shall purchase at par such of the Loans of the other Lenders (other than
Swingline Loans) as the Paying Agent shall determine may be necessary in order
for such Lender to hold such Loans in accordance with its Applicable
Percentage.</p>

<h1 style='mso-style-name:"Heading 1\,h1\,H1\,Schedule Title";margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-decoration:underline;margin-left:0in;text-indent:0in'><a name="_Toc352831010">ARTICLE III<br>
</a><a name="_Toc295744196"><br>
Representations and Warranties</a></h1>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Each of Parent and the Borrower represents and
warrants to the Lenders that:</p>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744197">SECTION
3.01.  <u>Organization.</u>  Each of Parent and the Borrower is a corporation
duly organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744198">SECTION
3.02.  <u>Powers; Authorization; No Conflicts; Enforceability.</u>  The
Transactions are within each Loan Party’s corporate powers, have been duly
authorized by all necessary corporate action, and do not contravene
(a) any Loan Party’s charter or by‑laws or (b) law or any
contractual restriction binding on or affecting any Loan Party.  This Agreement
has been, and each of the other Loan Documents to which any Loan Party is to be
a party when delivered hereunder will have been, duly executed and delivered by
each Loan Party that is a party hereto or thereto, as applicable.  This
Agreement is, and each of the other Loan Documents to which any Loan Party is
to be a party when delivered will be, the legal, valid and binding obligation
of each Loan Party that is a party hereto or thereto, as applicable,
enforceable against each such Loan Party in accordance with its terms.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744199">SECTION
3.03.  <u>Approvals.</u>  No authorization or approval or other action by, and
no notice to or filing with, any Governmental Authority or any other third party
is required for the due execution, delivery and performance by any Loan Party
of any Loan Document to which it is to be a party, the borrowing of the Loans,
the use of the proceeds thereof or the issuance of Letters of Credit hereunder.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744200">SECTION
3.04.  <u>Financial Condition; No Material Adverse Change.</u>  <br>
</a>(a)  The consolidated balance sheet of Parent and its subsidiaries as at February
2, 2013, and the related consolidated statements of income and cash flows of
Parent and its subsidiaries for the fiscal year then ended, accompanied by an
opinion of KPMG LLP, independent public accountants, copies of which have been
furnished to the Lenders, fairly present the consolidated financial condition
of Parent and its subsidiaries as at such date and the consolidated results of
the operations of Parent and its subsidiaries for the fiscal year ended on such
date, all in accordance with GAAP consistently applied.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Since February 2, 2013, there has been no
material adverse change in the business, condition (financial or otherwise),
operations, performance, properties or prospects of Parent and its
Subsidiaries, taken as a whole.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744201">SECTION
3.05.  <u>Litigation.</u>  There is no pending or threatened action, suit,
investigation, litigation or proceeding affecting Parent or any Subsidiary
pending or threatened before any Governmental Authority or arbitrator that
(a) would be reasonably likely to have a Material Adverse Effect or
(b) purports to affect the legality, validity or enforceability of any
Loan Document or the consummation of the transactions contemplated hereby.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744202">SECTION
3.06.  <u>Investment Company Status.</u>  None of the Loan Parties is an
“investment company”, within the meaning of the Investment Company Act of 1940.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744203">SECTION
3.07.  <u>ERISA.</u>  </a>(a)  No ERISA Event has occurred or is reasonably
expected to occur with respect to any Plan that has resulted in or is
reasonably expected to have a Material Adverse Effect.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Neither the Borrower nor any ERISA Affiliate
has incurred or is reasonably expected to incur any Withdrawal Liability to any
Multiemployer Plan that could be reasonably expected to have a Material Adverse
Effect.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  Each Plan satisfies the funding requirements
under Section 302 of ERISA and there has been no change in the funding status
of any such Plan since the last annual actuarial valuation date that would reasonably
be expected to have a Material Adverse Effect. </h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in;text-align:justify'><a name="_Toc352948299">SECTION 3.08.  <u>Compliance
with Laws.</u>  Each of the Borrower and its Subsidiaries is in compliance with
all laws applicable to it (including, to the extent applicable, (i) the
Trading with the Enemy Act and each of the foreign assets control regulations
of the United States Treasury Department (31 CFR, Subtitle B, Chapter V) and
any other enabling legislation or executive order relating thereto, and
(ii) the Patriot Act), except where the failure to comply, individually or
in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect</a>.  Neither the Borrower nor any Subsidiary nor, to the
knowledge of the Borrower, any director, officer, agent, employee or Affiliate
of the Borrower or any Subsidiary, is currently subject to any U.S. sanctions
administered by OFAC that could, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect.  No part of the proceeds of the
Loans will be used, directly or indirectly, or otherwise made available (A) for
any payments to any officer or employee of a Governmental Authority, or any
Person controlled by a Governmental Authority, or any political party, official
of a political party, candidate for political office, or anyone else acting in
an official capacity, in order to obtain, retain or direct business or obtain
any improper advantage, in violation of the United States Foreign Corrupt
Practices Act of 1977 or (B) for the purpose of financing the activities of any
Person currently subject to any United States sanctions administered by OFAC.</h2>

<h1 style='mso-style-name:"Heading 1\,h1\,H1\,Schedule Title";margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-decoration:underline;margin-left:0in;text-indent:0in'><a name="_Toc352831019">ARTICLE IV<br>
</a><a name="_Toc295744205"><br>
Conditions</a></h1>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744206">SECTION
4.01.  <u>Effective Date.</u>  The obligations of the Lenders to make Loans and
of the Issuing Banks to issue Letters of Credit hereunder shall not become
effective until the date on which each of the following conditions is satisfied
(or waived in accordance with Section 9.02):</a></h2>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(a)  The Paying Agent (or its counsel) shall have received from each party
hereto either (i) a counterpart of this Agreement signed on behalf of such
party or (ii) written evidence satisfactory to the Paying Agent (which may
include facsimile or other electronic transmission of a signed signature page
of this Agreement) that such party has signed a counterpart of this Agreement.</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(b)  The Paying Agent (or its counsel) shall have received from Parent and
the Borrower either (i) a counterpart of the Guarantee Agreement (in the
form attached hereto as Exhibit B) signed on behalf of such party or (ii)
written evidence satisfactory to the Paying Agent (which may include facsimile
or other electronic transmission of a signed signature page of the Guarantee
Agreement) that such party has signed a counterpart of the Guarantee Agreement.</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(c)  The Paying Agent shall have received a favorable written opinion
(addressed to the Paying Agent and the Lenders and dated as of the Effective
Date) of (i) Jones Day, counsel to the Loan Parties and (ii) Dennis J.
Broderick, the General Counsel of the Parent, in each case covering such
matters relating to the Loan Parties, the Transactions or the Loan Documents as
the Required Lenders or Paying Agent shall reasonably request.  Parent and the
Borrower hereby request such counsel to deliver such opinions.</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(d)  The Paying Agent shall have received such documents and certificates
as the Paying Agent or its counsel may reasonably request relating to the
organization, existence and good standing of the Loan Parties and the
authorization of the Transactions and any other legal matters relating to the
Loan Parties, the Transactions or the Loan Documents, all in form and substance
satisfactory to the Paying Agent and its counsel, including all documentation
and other information required by bank regulatory authorities under applicable
“know your customer” and anti-money laundering rules and regulations, including
the Patriot Act.</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(e)  The representations and warranties of the Loan Parties set forth in
the Loan Documents shall be true and correct in all material respects as of the
Effective Date, no Default shall have occurred and be continuing as of the
Effective Date and the Paying Agent shall have received a certificate, dated
the Effective Date and signed by a Responsible Officer or a Financial Officer
of Parent and the Borrower, confirming the foregoing.</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(f)  The Paying Agent shall have received all fees and other amounts due
and payable on or prior to the Effective Date, including, to the extent
invoiced, reimbursement or payment of all out-of-pocket expenses required to be
reimbursed or paid by the Borrower under the Loan Documents.</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(g)  Prior to or substantially contemporaneously with the satisfaction of
the conditions set forth herein on the Effective Date, all amounts owing under
the Existing Credit Agreement shall have been or shall be paid in full and the
commitments thereunder shall have been or shall be terminated, and the Paying Agent
shall have received reasonably satisfactory evidence thereof.</h4>

<p style='mso-style-name:"Body Text \.5 First Line Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:0in'>The Paying Agent
shall notify the Borrower and the Lenders of the Effective Date, and such
notice shall be conclusive and binding.  Notwithstanding the foregoing, the
obligations of the Lenders to make Loans and of any Issuing Bank to issue any
Letter of Credit and the incorporation of the Existing Letters of Credit as
Letters of Credit hereunder shall not become effective unless each of the
foregoing conditions is satisfied or waived prior to 5:00 p.m., New York City
time, on May 14, 2013 (and, in the event such conditions are not so satisfied
or waived, the Commitments shall terminate at such time).</p>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in;page-break-after:avoid'><a
name="_Toc295744207">SECTION 4.02.  <u>Each Credit Event.</u>  The obligation
of each Lender to make a Loan on the occasion of any Borrowing, and of an
Issuing Bank to issue, amend, renew or extend any Letter of Credit, is subject
to the satisfaction of the following conditions:</a></h2>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(a)  The representations and warranties of the Loan Parties set forth in
this Agreement (other than those in Section 3.04(b) and clause (a) of
Section 3.05, at such times when the Public Debt Ratings are Baa3 and BBB-
or better, respectively) shall be true and correct on and as of the date of
such Borrowing or the date of issuance, amendment, renewal or extension of such
Letter of Credit, as applicable.</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(b)  At the time of and immediately after giving effect to such Borrowing
or the issuance, amendment, renewal or extension of such Letter of Credit, as
applicable, no Default shall have occurred and be continuing.</h4>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Each Borrowing and each issuance, amendment, renewal
or extension of a Letter of Credit shall be deemed to constitute a
representation and warranty by the Loan Parties on the date thereof as to the
matters specified in paragraphs (a) and (b) of this Section.</p>

<h1 style='mso-style-name:"Heading 1\,h1\,H1\,Schedule Title";margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-decoration:underline;margin-left:0in;text-indent:0in'><a name="_Toc352831022">
ARTICLE V<br>
</a><a name="_Toc295744208"><br>
Affirmative Covenants</a></h1>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Until the Commitments have expired or been
terminated and the principal of and interest on each Loan and all fees payable
hereunder shall have been paid in full and all Letters of Credit shall have
expired or terminated and all LC Disbursements shall have been reimbursed, each
of Parent and the Borrower covenants and agrees with the Lenders that:</p>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744209">SECTION
5.01.  <u>Financial Statements; Ratings Change and Other Information.</u> 
Parent or the Borrower will furnish to the Paying Agent and each Lender:</a></h2>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(a)  as soon as available and in any event within 90 days after the
end of each fiscal year of Parent, a copy of the annual audit report for such
year for Parent and its consolidated subsidiaries, containing a consolidated
balance sheet of Parent and its consolidated subsidiaries as of the end of such
fiscal year and consolidated statements of income and cash flows of Parent and
its consolidated subsidiaries for such fiscal year, in each case accompanied by
an opinion by KPMG LLP or other independent public accountants of recognized
national standing (without a “going concern” or like qualification or exception
and without any qualification or exception as to the scope of such audit) and
certificates of a Financial Officer of Parent (i) as to compliance with the
terms of this Agreement, (ii) setting forth in reasonable detail the then
applicable Public Debt Ratings and the Interest Coverage Ratio and the Leverage
Ratio as of the end of such fiscal year and the calculations necessary to
demonstrate compliance with Sections 6.05 and 6.06 as of the end of such
fiscal year and (iii) stating whether any change in GAAP or in the application
thereof has occurred since the date of the last consolidated financial
statements of Parent and its consolidated subsidiaries referred to in Section
3.04(a) that materially affects the financial statements accompanying such
certificate and, if any such change has occurred, specifying the effect of such
change on the financial statements accompanying such certificate;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(b)  as soon as available and in any event within 45 days after the
end of each of the first three fiscal quarters of each fiscal year of Parent, a
consolidated balance sheet of Parent and its consolidated subsidiaries as of
the end of such quarter and consolidated statements of income and cash flows of
Parent and its consolidated subsidiaries for the period commencing at the end
of the previous fiscal year of Parent and ending with the end of such quarter,
duly certified (subject to year-end audit adjustments) by a Financial Officer
of Parent as having been prepared in accordance with GAAP, and certificates of
a Financial Officer of Parent  (i) as to compliance with the terms of this
Agreement, (ii) setting forth in reasonable detail the then applicable Public
Debt Ratings and the Interest Coverage Ratio and the Leverage Ratio as of the
end of such fiscal quarter and the calculations necessary to demonstrate
compliance with Sections 6.05 and 6.06 as of the end of such fiscal
quarter and (iii) stating whether any change in GAAP or in the application
thereof has occurred since the date of the last consolidated financial
statements of Parent and its consolidated subsidiaries referred to in Section
3.04(a) that materially affects the financial statements accompanying such
certificate and, if any such change has occurred, specifying the effect of such
change on the financial statements accompanying such certificate;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(c)  as soon as possible and in any event within five days after any
Responsible Officer becomes aware of the occurrence of a Default or an event,
development or circumstance that has had or could reasonably be expected to
have a Material Adverse Effect, in each case continuing on the date of such
statement, a statement of a Financial Officer of Parent or the Borrower setting
forth details of such Default, event, development or other circumstance
(including the anticipated effect thereof) and the action that Parent or the
Borrower has taken and proposes to take with respect thereto;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(d)  promptly after the sending thereof, copies of all reports that Parent
or the Borrower sends to any of the holders of any class of its outstanding
securities;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(e)  promptly after the commencement thereof, notice of all actions, suits,
investigations, litigation and proceedings before any Governmental Authority or
arbitrator affecting Parent or any Subsidiary of the type described in
Section 3.05;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(f)  as soon as possible and in any event within five Business Days after
any change in either Public Debt Rating, a certificate of a Financial Officer
of Parent setting forth such Public Debt Rating; and</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(g)  such other information respecting the business, condition (financial
or otherwise), operations, performance, properties or prospects of Parent or
any Subsidiary as any Lender through either Administrative Agent may from time
to time reasonably request.</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in;text-indent:0in'>                        The
Borrower and Parent also agree that promptly after any report or registration
statement, other than a registration statement on Form S‑8 or any
successor form thereto, is filed by Parent or any Subsidiary with the
Securities and Exchange Commission or any national securities exchange a copy
thereof will be made available on Parent’s website.</h4>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744210">SECTION
5.02.  <u>Existence.</u>  Parent will, and will cause each of the Subsidiaries
to, preserve and maintain, its corporate existence, rights (charter and
statutory), permits, licenses, approvals, privileges and franchises, except,
with respect to such rights, permits, licenses, approvals, privileges and
franchises, where the failure to do so could not be reasonably expected to have
a Material Adverse Effect; <u>provided</u> that Parent and the Subsidiaries may
consummate any merger or consolidation permitted under Section 6.03 and, <u>provided</u>,
<u>further</u>, that, unless required in order to comply with
Section 6.03, neither Parent nor any Subsidiary shall be required to
preserve or maintain (i) the corporate existence of any Minor Subsidiary
if the Board of Directors of the parent of such Minor Subsidiary, or an
executive officer of such parent to whom such Board of Directors has delegated
the requisite authority, shall determine that the preservation and maintenance
thereof is no longer desirable in the conduct of the business of such parent
and that the loss thereof is not disadvantageous in any material respect to
Parent, the Borrower, such parent, the Paying Agent, the Issuing Banks or the
Lenders or (ii) any right, permit, license, approval, privilege or
franchise if the Board of Directors of Parent or such Subsidiary shall
determine that the preservation thereof is no longer desirable in the conduct
of the business of Parent or such Subsidiary, as the case may be, and that the
loss thereof is not disadvantageous in any material respect to Parent, such
Subsidiary, the Paying Agent, the Issuing Banks or the Lenders.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744211">SECTION
5.03.  <u>Payment of Obligations.</u>  Parent will, and will cause each of the
Subsidiaries to,</a> pay and discharge, before the same shall become
delinquent, (a) all Taxes imposed upon it or upon its property and
(b) all lawful claims that, if unpaid, might by law become a Lien upon its
property; <u>provided</u> that neither Parent nor any Subsidiary shall be
required to pay or discharge any such Tax or claim (i) that is being
contested in good faith and by proper proceedings and as to which appropriate
reserves are being maintained, unless and until any Lien resulting therefrom
attaches to its property and becomes enforceable against its other creditors
and (ii) if such non-payments, either individually or in the aggregate,
could not be reasonably expected to have a Material Adverse Effect.</h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744212">SECTION
5.04.  <u>Maintenance of Properties; Insurance.</u>  </a>(a)  Except where the
failure to do so, either individually or in the aggregate, could not be
reasonably expected to have a Material Adverse Effect, Parent will, and will
cause each of the Subsidiaries to, maintain and preserve all of its properties
that are used or useful in the conduct of its business in good working order
and condition, ordinary wear and tear excepted.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Parent will, and will cause each of the
Subsidiaries to, maintain insurance with responsible and reputable insurance
companies or associations in such amounts and covering such risks as is usually
carried by companies engaged in similar businesses and owning similar
properties in the same general areas in which Parent or such Subsidiary
operates, except where failure to maintain such insurance could not be
reasonably expected to have a Material Adverse Effect.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744213">SECTION
5.05.  <u>Books and Records; Inspection Rights.</u>  </a>(a)   Parent will, and
will cause each of the Subsidiaries to, keep proper books of record and account
in such detail as is necessary to allow the delivery of the reports required by
Section 5.01, in which full and correct entries shall be made of all financial
transactions and the assets and business of Parent and its consolidated
subsidiaries in accordance with GAAP.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Parent will, and will cause each of the
Subsidiaries to, at any reasonable time and from time to time, upon reasonable
notice, permit any Agent or any of the Lenders or any agents or representatives
thereof, to examine the records and books of account of, and visit the properties
of, Parent or any Subsidiary and to discuss the affairs, finances and accounts
of Parent or any Subsidiary with any of their financial officers.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744214">SECTION
5.06.  <u>Compliance with Laws.</u>  Parent will, and will cause each of the
Subsidiaries to comply, in all material respects, with all applicable laws,
rules, regulations and orders (including ERISA and environmental laws), except,
in any case, where the failure so to comply, either individually or in the
aggregate, could not be reasonably expected to have a Material Adverse Effect.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744215">SECTION
5.07.  <u>Use of Proceeds and Letters of Credit.</u>  The proceeds of the Loans
will be used only for working capital and general corporate purposes.  No part
of the proceeds of any Loan will be used, whether directly or indirectly, for
any purpose that entails a violation of any of the Regulations of the Board,
including Regulations T, U and X.  Letters of Credit will be issued only
for general corporate purposes.</a></h2>

<h1 style='mso-style-name:"Heading 1\,h1\,H1\,Schedule Title";margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-decoration:underline;margin-left:0in;text-indent:0in'><a name="_Toc352831032">ARTICLE VI<br>
</a><a name="_Toc295744218"><br>
Negative Covenants</a></h1>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Until the Commitments have expired or
terminated and the principal of and interest on each Loan and all fees payable
hereunder have been paid in full and all Letters of Credit have expired or
terminated and all LC Disbursements shall have been reimbursed, each of Parent
and the Borrower covenants and agrees with the Lenders that:</p>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in;page-break-after:avoid'><a
name="_Toc295744219">SECTION 6.01.  <u>Subsidiary Indebtedness.</u>  Parent
will not permit any Subsidiary (other than the Borrower) to create, assume or
suffer to exist, any Indebtedness, other than:</a></h2>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(a)  Indebtedness owed to Parent or to a wholly owned Subsidiary;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(b)  Indebtedness existing on the Effective Date (whether such Indebtedness
is Indebtedness of a subsidiary of Parent or a subsidiary of the Borrower) and
described on Schedule 6.01 (the “<u>Existing Indebtedness</u>”), and any
Indebtedness extending the maturity of, or refunding or refinancing, in whole or
in part, the Existing Indebtedness; <u>provided</u> that the principal amount
of such Existing Indebtedness shall not be increased above the principal amount
thereof outstanding immediately prior to such extension, refunding or
refinancing, and the direct and contingent obligors therefor shall not be
changed as a result of, or in connection with, such extension, refunding or
refinancing;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(c)  endorsement of negotiable instruments for deposit or collection or
similar transactions in the ordinary course of business;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(d)  Indebtedness of any Person that becomes a Subsidiary after the date
hereof that is existing at the time such Person becomes a Subsidiary (other
than Indebtedness incurred solely in contemplation of such Person becoming a
Subsidiary) and any Indebtedness extending the maturity of, or refunding or
refinancing, such Indebtedness, in whole or in part; <u>provided</u> that the
principal amount of such Indebtedness shall not be increased above the
principal amount thereof outstanding immediately prior to such extension, refunding
or refinancing, and the direct and contingent obligors therefor shall not be
changed as a result of, or in connection with, such extension, refunding or
refinancing; and</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(e)  other Indebtedness in an aggregate principal amount at any time
outstanding not to exceed $750,000,000.</h4>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744220">SECTION
6.02.  <u>Liens.</u>  Parent will not, and will not permit any Subsidiary to,
create, incur, assume or suffer to exist any Lien on or with respect to any of
its assets of any character (including accounts) whether now owned or hereafter
acquired, or assign any accounts or other right to receive income, except:</a></h2>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(a)  Liens created or existing under the Loan Documents; </h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(b)  Permitted Encumbrances;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(c)  the Liens existing on the Effective Date and described on
Schedule 6.02 (whether such Liens are on the assets of Parent or any of
its subsidiaries);</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(d)  purchase money Liens upon or in real property or equipment acquired or
held in the ordinary course of business to secure the purchase price of such
property or equipment or to secure Indebtedness incurred solely for the purpose
of financing the acquisition, construction or improvement of any such property
or equipment to be subject to such Liens, or Liens existing on any such
property or equipment at the time of acquisition (other than any such Liens
created in contemplation of such acquisition that were not incurred to finance
the acquisition of such property or equipment), or extensions, renewals or
replacements of any of the foregoing for the same or a lesser amount; <u>provided</u>
that no such Lien shall extend to or cover any properties of any character
other than the real property or equipment being acquired, constructed or
improved (except that Liens incurred in connection with the construction or
improvement of real property may extend to additional real property immediately
contiguous to such property being constructed or improved) and no such
extension, renewal or replacement shall extend to or cover any such properties
not theretofore subject to the Lien being extended, renewed or replaced;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(e)  Liens arising in connection with Capital Lease Obligations; <u>provided</u>
that no such Lien shall extend to or cover any assets other than the assets
subject to the applicable capital leases;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(f)  Liens on property of a Person existing at the time such Person is
merged into or consolidated with Parent or any Subsidiary or becomes a
Subsidiary; <u>provided</u> that such Liens (other than replacement Liens
permitted under clause (j) below) were not created in contemplation of
such merger, consolidation or investment and do not extend to any assets other
than those of the Person merged into or consolidated with Parent or such
Subsidiary or acquired by the Parent or such Subsidiary; </h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(g)  Liens securing Documentary LCs or Trade Letters of Credit; <u>provided</u>
that no such Lien shall extend to or cover any assets of Parent or any
Subsidiary other than the inventory (and bills of lading and other documents
related thereto) being financed by any such Documentary LCs or Trade Letter of
Credit, as the case may be;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(h)  Liens in respect of goods consigned to Parent or any of its
Subsidiaries in the ordinary course of business; <u>provided</u> that such
Liens are limited to the goods so consigned;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(i)  Liens (other than on inventory) securing Indebtedness incurred by
Parent or the Subsidiaries; <u>provided</u> that the sum of the aggregate amount
of such Indebtedness at any time outstanding shall not exceed $750,000,000; and</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(j)  the replacement, extension or renewal of any Lien permitted by
clause (c) or (f) above upon or in the same property theretofore subject
thereto or, in the case of Liens on real property and related personal property
of Parent or any of the Subsidiaries, upon or in substitute property of like
kind of Parent or such Subsidiary, as the case may be, determined in good faith
by the Board of Directors of Parent or such Subsidiary to be of the same or
lesser value than the property theretofore subject thereto, or the replacement,
extension or renewal (without increase in the amount or change in any direct or
contingent obligor) of the Indebtedness secured thereby.</h4>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744221">SECTION
6.03.  <u>Fundamental Changes; Conduct of Business.</u>  </a>(a)  Parent will
not, and will not permit the Borrower or any other Material Subsidiary to,
merge or consolidate with or into any Person except that (i) any
Subsidiary may merge or consolidate with or into any other Subsidiary (provided
that, if the Borrower is a party to any such merger or consolidation, the
Borrower shall be the surviving entity and shall remain a direct, wholly owned
subsidiary of Parent), (ii) any Subsidiary may merge into Parent and
Parent may merge with any other Person, so long as in either case Parent is the
surviving corporation and (iii) in connection with any acquisition, any
Subsidiary may merge into or consolidate with any other Person or permit any
other Person to merge into or consolidate with it, so long as the Person
surviving such merger shall be a Subsidiary (provided that, if the Borrower is
a party to any such merger or consolidation, the Borrower shall be the
surviving entity and shall remain a direct, wholly owned subsidiary of Parent);
<u>provided</u> that in each case, no Event of Default shall have occurred
and be continuing at the time of such proposed transaction or would result
therefrom.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Parent and the Borrower will not liquidate or
dissolve, the Borrower will not reorganize in any jurisdiction located outside of
the United States of America, and Parent will not, and will not permit any
Subsidiary to sell, transfer, lease or otherwise dispose of (in one transaction
or in a series of transactions) all or substantially all of the assets of
Parent and the Subsidiaries, taken as a whole (whether now owned or hereafter
acquired).</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  Parent will not, and will not permit any
Subsidiary to, engage to any material extent in any business other than
businesses of the type conducted by Parent and its subsidiaries on the date of
execution of this Agreement and businesses reasonably related thereto.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744222">SECTION
6.04.  <u>Sale and Leaseback Transactions.</u>  Parent will not, and will not
permit any Subsidiary to, enter into any arrangement, directly or indirectly,
whereby it shall sell or transfer any property, real or personal, used or
useful in its business, whether now owned or hereinafter acquired, and
thereafter rent or lease such property or other property that it intends to use
for substantially the same purpose or purposes as the property sold or
transferred, except for (a) any such sale of any fixed or capital assets that
is made for cash consideration in an amount not less than the cost of such
fixed or capital asset and is consummated within 90 days after Parent or such Subsidiary
acquires or completes the construction of such fixed or capital asset and (b)
pursuant to Economic Development Transactions and (c) any such sale of any
fixed or capital assets for fair market value; <u>provided</u> that the fair
market value of all such assets sold in reliance upon this clause (c) plus
the aggregate amount of Indebtedness at any time outstanding secured by Liens
in reliance on Section 6.02(i) shall not exceed 12.5% of Consolidated Net
Tangible Assets, determined as of the date of any such sale.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744223">SECTION
6.05.  <u>Leverage Ratio.</u>  Parent will not permit the Leverage Ratio as of
the last day of any Measurement Period to exceed 3.75 to 1.00.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744224">SECTION
6.06.  <u>Interest Coverage Ratio.</u>  Parent will not permit the Interest
Coverage Ratio as of the last day of any Measurement Period to be less than
3.25 to 1.00.</a></h2>

<h1 style='mso-style-name:"Heading 1\,h1\,H1\,Schedule Title";margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-decoration:underline;margin-left:0in;text-indent:0in'><a name="_Toc352831042">ARTICLE VII<br>
</a><a name="_Toc295744228"><br>
Events of Default</a></h1>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>If any of the following events (“<u>Events of
Default</u>”) shall occur:</p>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(a)  the Borrower shall fail to pay any principal of any Loan when and as
the same shall become due and payable, whether at the due date thereof or at a
date fixed for prepayment thereof or otherwise;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(b)  the Borrower or Parent shall fail to pay any interest on any Loan or
any fee or any other amount (other than an amount referred to in
clause (a) of this Article) payable under this Agreement, when and as the
same shall become due and payable, and such failure shall continue unremedied
for a period of three Business Days;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(c)  any representation or warranty made or deemed made by or on behalf of
any Loan Party in or in connection with any Loan Document shall prove to have
been incorrect in any material respect when made or deemed made;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(d)  either Parent or the Borrower shall fail to observe or perform any
covenant, condition or agreement contained in Section 5.01(c) or (e), 5.02
(with respect to Parent’s or the Borrower’s existence) or 5.07 or in
Article VI;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(e)  any Loan Party shall fail to observe or perform any covenant,
condition or agreement contained in any Loan Document (other than those
specified in clause (a), (b) or (d) of this Article), and such failure shall
continue unremedied for a period of 30 days after notice thereof from the
Paying Agent to Parent or the Borrower (which notice will be given at the
request of any Lender);</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(f)  Parent, the Borrower or any other Subsidiary shall fail to make
any payment (whether of principal or interest and regardless of amount) in
respect of any Material Indebtedness, when and as the same shall become due and
payable (after giving effect to any applicable grace periods);</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(g)  any event or condition occurs that results in any Material
Indebtedness becoming due prior to its scheduled maturity or that enables or
permits (after giving effect to any applicable grace periods) the holder or
holders of any Material Indebtedness or any trustee or agent on its or their
behalf to cause any Material Indebtedness to become due, or to require the
prepayment, repurchase, redemption or defeasance thereof, prior to its
scheduled maturity; <u>provided</u> that this clause (g) shall not apply
to secured Indebtedness that becomes due as a result of the voluntary sale or
transfer of the property or assets securing such Indebtedness;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(h)  an involuntary proceeding shall be commenced or an involuntary
petition shall be filed seeking (i) liquidation, reorganization or other
relief in respect of Parent, the Borrower or any other Subsidiary or its debts,
or of a substantial part of its assets, under any Federal, state or foreign
bankruptcy, insolvency, receivership or similar law now or hereafter in effect
or (ii) the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for Parent, the Borrower or any other
Subsidiary or for a substantial part of its assets, and, in any such case, such
proceeding or petition shall continue undismissed for 60 days or an order
or decree approving or ordering any of the foregoing shall be entered;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(i)  Parent, the Borrower or any other Subsidiary shall
(i) voluntarily commence any proceeding or file any petition seeking
liquidation, reorganization or other relief under any Federal, state or foreign
bankruptcy, insolvency, receivership or similar law now or hereafter in effect,
(ii) consent to the institution of, or fail to contest in a timely and
appropriate manner, any proceeding or petition described in clause (h) of
this Article, (iii) apply for or consent to the appointment of a receiver,
trustee, custodian, sequestrator, conservator or similar official for Parent,
the Borrower or any other Subsidiary or for a substantial part of its assets,
(iv) file an answer admitting the material allegations of a petition filed
against it in any such proceeding, (v) make a general assignment for the
benefit of creditors or (vi) take any action for the purpose of effecting
any of the foregoing;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(j)  Parent, the Borrower or any other Subsidiary shall become unable,
admit in writing its inability or fail generally to pay its debts as they
become due;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(k)  one or more judgments for the payment of money in an aggregate amount
in excess of $150,000,000 shall be rendered against Parent, the Borrower, any
other Subsidiary or any combination thereof and the same shall remain
undischarged for a period of 30 consecutive days during which execution
shall not be effectively stayed, or any action shall be legally taken by a
judgment creditor to attach or levy upon any assets of Parent, the Borrower or
any other Subsidiary to enforce any such judgment; <u>provided</u> that any
such judgments shall only result in an Event of Default under this clause (k)
if and to the extent that the aggregate amount of such judgments not covered by
a valid and binding policy of insurance between the defendant and the insurer
covering the payment thereof exceeds $150,000,000 so long as such insurer,
which shall be rated at least “A” by A.M. Best Company, has been notified of,
and has not disputed the claim made for payment of, the amount of such
judgments;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(l)  an ERISA Event shall have occurred that, when taken together with all
other ERISA Events that have occurred, could reasonably be expected to result
in liability of Parent, the Borrower or any other Subsidiary in an aggregate
amount exceeding $150,000,000;</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(m)  the Parent’s Guarantee of the Obligations purported to be created
under the Guarantee Agreement shall cease to be, or shall be asserted by any
Loan Party not to be, in full force and effect (other than in accordance with
the express terms of any Loan Document); or</h4>

<h4 style='mso-style-name:"Heading 4\,h4\,H4";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(n)  a Change in Control shall occur;</h4>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>then, and in every such event (other than an event
with respect to the Borrower described in clause (h) or (i) of this
Article), and at any time thereafter during the continuance of such event, the
Paying Agent may, and at the request of the Required Lenders shall, by notice
to Parent or the Borrower, take either or both of the following actions, at the
same or different times:  (i) terminate the Commitments, and thereupon
the Commitments shall terminate immediately, and (ii) declare the Loans
then outstanding to be due and payable in whole (or in part, in which case any
principal not so declared to be due and payable may thereafter be declared to
be due and payable), and thereupon the principal of the Loans so declared to be
due and payable, together with accrued interest thereon and all fees and other
obligations of the Loan Parties accrued hereunder, shall become due and payable
immediately, without presentment, demand, protest or other notice of any kind,
all of which are hereby waived by the Loan Parties; and in case of any event
with respect to the Borrower described in clause (h) or (i) of this
Article, the Commitments shall automatically terminate and the principal of the
Loans then outstanding, together with accrued interest thereon and all fees and
other obligations of the Loan Parties accrued hereunder, shall automatically
become due and payable, without presentment, demand, protest or other notice of
any kind, all of which are hereby waived by the Loan Parties.</p>

<h1 style='mso-style-name:"Heading 1\,h1\,H1\,Schedule Title";margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-decoration:underline;margin-left:0in;text-indent:0in'><a name="_Toc352831043">ARTICLE VIII<br>
</a><a name="_Toc295744229"><br>
The Agents</a></h1>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Each of the Lenders and the Issuing Banks
hereby irrevocably appoints each Agent as its agent and authorizes each Agent
to take such actions on its behalf and to exercise such powers as are delegated
to such Agent by the terms of the Loan Documents, together with such actions
and powers as are reasonably incidental thereto.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Each bank serving as an Agent hereunder shall
have the same rights and powers in its capacity as a Lender or an Issuing Bank
as any other Lender or Issuing Bank and may exercise the same as though it were
not an Agent, and such bank and its Affiliates may accept deposits from, lend
money to, act as the financial advisor or in any other advisory capacity for
and generally engage in any kind of business with Parent, the Borrower or any
other Subsidiary or other Affiliate thereof as if it were not an Agent
hereunder and without any duty to account therefor to the Lenders.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>No Agent shall have any duties or obligations
except those expressly set forth in the Loan Documents.  Without limiting the
generality of the foregoing, (a) no Agent shall be subject to any
fiduciary or other implied duties, regardless of whether a Default has occurred
and is continuing, (b) no Agent shall have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary
rights and powers expressly contemplated by the Loan Documents that such Agent
is required to exercise in writing as directed by the Required Lenders (or such
other number or percentage of the Lenders as shall be necessary under the
circumstances as provided in Section 9.02); <u>provided</u> that no Agent
shall be required to take any action that, in its opinion, could expose such
Agent to liability or be contrary to any Loan Document or applicable law, and
(c) except as expressly set forth in the Loan Documents, no Agent shall
have any duty to disclose, and shall not be liable for the failure to disclose,
any information relating to Parent, the Borrower, any of the other Subsidiaries
or any other Affiliate of any of the foregoing that is communicated to or
obtained by the bank serving as an Agent or any of its Affiliates in any
capacity.  No Agent shall be liable for any action taken or not taken by it
with the consent or at the request of the Required Lenders (or such other
number or percentage of the Lenders as shall be necessary under the
circumstances as provided in Section 9.02) or in the absence of its own
gross negligence or wilful misconduct, as determined by a court of competent
jurisdiction by a final and non-appealable judgment.  No Agent shall be deemed
to have knowledge of any Default unless and until written notice thereof is
given such Agent by Parent, the Borrower or a Lender, and no Agent shall be
responsible for or have any duty to ascertain or inquire into (i) any
statement, warranty or representation made in or in connection with any Loan
Document, (ii) the contents of any certificate, report or other document
delivered hereunder or in connection herewith, (iii) the performance or
observance of any of the covenants, agreements or other terms or conditions set
forth in any Loan Document or the occurrence of any Default, (iv) the
sufficiency, validity, enforceability, effectiveness or genuineness of any Loan
Document or any other agreement, instrument or document, or (v) the
satisfaction of any condition set forth in Article IV or elsewhere in any
Loan Document, other than to confirm receipt of items expressly required to be
delivered to such Agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Each Agent shall be entitled to rely, and shall
not incur any liability for relying, upon any notice, request, certificate,
consent, statement, instrument, document or other writing (including any
electronic message, Internet or intranet website posting or other distribution)
believed by it to be genuine and to have been signed, sent or otherwise
authenticated by the proper Person (whether or not such Person in fact meets
the requirements set forth in the Loan Documents for being the signatory,
sender or authenticator thereof).  Each Agent also may rely, and shall not
incur any liability for relying, upon any statement made to it orally or by
telephone and believed by it to be made by the proper Person (whether or not
such Person in fact meets the requirements in the Loan Documents for being the
signatory, sender or authenticator thereof), and may act upon any such
statement prior to receipt of written confirmation thereof.  Each Agent may
consult with legal counsel (who may be counsel for Parent or the Borrower),
independent accountants and other experts selected by it, and shall not be
liable for any action taken or not taken by it in accordance with the advice of
any such counsel, accountants or experts.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Each Agent may perform any and all its duties
and exercise its rights and powers hereunder or under any other Loan Document
by or through any one or more sub-agents appointed by such Agent.  Each Agent
and any such sub-agent may perform any and all its duties and exercise its
rights and powers through their respective Related Parties.  The exculpatory
provisions of this Article shall apply to any such sub-agent and to the Related
Parties of each Agent and any such sub-agent, and shall apply to their
respective activities in connection with the syndication of the credit facilities
provided for herein as well as activities as such Agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Subject to the appointment and acceptance of a
successor Paying Agent or Administrative Agent as provided in this paragraph,
the Paying Agent or an Administrative Agent may resign at any time by notifying
the Lenders, the Issuing Banks and Parent.  Upon any such resignation, the
Required Lenders shall have the right with the consent of Parent (not to be
unreasonably withheld), to appoint a successor.  If no successor shall have
been so appointed by the Required Lenders and shall have accepted such
appointment within 30 days after the retiring Paying Agent or
Administrative Agent, as the case may be, gives notice of its resignation, then
the retiring Paying Agent or Administrative Agent may, on behalf of the Lenders
and the Issuing Banks, appoint a successor Paying Agent or Administrative
Agent, as applicable, which shall be a bank with an office in New York,
New York, or an Affiliate of any such bank.  Upon the acceptance of its
appointment as Paying Agent or Administrative Agent hereunder by a successor,
such successor shall succeed to and become vested with all the rights, powers,
privileges and duties of the retiring Paying Agent or Administrative Agent, as
applicable, and the retiring Paying Agent or Administrative Agent shall be
discharged from its duties and obligations hereunder.  The fees payable by
either Parent or the Borrower to a successor Paying Agent or Administrative
Agent shall be the same as those payable to its predecessor unless otherwise
agreed between such Loan Party and such successor.  After the Paying Agent’s or
Administrative Agent’s resignation hereunder, the provisions of this Article
and Section 9.03 shall continue in effect for the benefit of such retiring
Paying Agent or Administrative Agent, its sub-agents and their respective
Related Parties in respect of any actions taken or omitted to be taken by any
of them while it was acting as Paying Agent or Administrative Agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Each Lender and Issuing Bank acknowledges that
it has, independently and without reliance upon any Agent or any other Lender
and based on such documents and information as it has deemed appropriate, made
its own credit analysis and decision to enter into this Agreement.  Each Lender
and Issuing Bank also acknowledges that it will, independently and without
reliance upon any Agent or any other Lender or Issuing Bank and based on such
documents and information as it shall from time to time deem appropriate,
continue to make its own decisions in taking or not taking action under or
based upon this Agreement, any other Loan Document or related agreement or any
document furnished hereunder or thereunder.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Each Lender, by delivering its signature page
to this Agreement and funding its Loans on the Effective Date, or delivering
its signature page to an Assignment and Assumption pursuant to which it shall
become a Lender hereunder, shall be deemed to have acknowledged receipt of, and
consented to and approved, each Loan Document and each other document required
to be delivered to, or be approved by or satisfactory to, the Agents or the
Lenders on the Effective Date.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Notwithstanding anything herein to the
contrary, no Person named as a Syndication Agent shall have any duties or
obligations under this Agreement or any other Loan Document (except in its
capacity, as applicable, as a Lender or an Issuing Bank), but all Persons shall
have the benefit of the indemnities provided for hereunder.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The provisions of this Article are solely for
the benefit of the Agents, the Lenders and the Issuing Banks, and neither the
Borrower nor any other Loan Party shall have any rights as a third party
beneficiary of any such provisions.</p>

<h1 style='mso-style-name:"Heading 1\,h1\,H1\,Schedule Title";margin-top:24.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-decoration:underline;margin-left:0in;text-indent:0in'><a name="_Toc352831044">ARTICLE IX<br>
</a><a name="_Toc295744230"><br>
Miscellaneous</a></h1>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744231">SECTION
9.01.  <u>Notices.</u>  </a>(a)  Except in the case of notices and other
communications expressly permitted to be given by telephone (and subject to
paragraph (b) below), all notices and other communications provided for herein
shall be in writing and shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by telecopy, as
follows:</h2>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(i) if to Parent or the Borrower, to it at Macy’s, Inc., 7 West  Seventh
Street, Cincinnati, Ohio 45202, Attention of the Chief Financial Officer, with
a copy to the General Counsel (other than in the case of any notice or communication
provided for under Article II) (Telecopy No. (513) 579-7462);</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(ii) if to the Paying Agent or JPMorgan Chase Bank, N.A. as Administrative
Agent, Issuing Bank or Swingline Lender, to JPMorgan Chase Bank, N.A., Loan and
Agency Services Group, 1111 Fanin Street, Houston, Texas 77002, Attention of
Ryan Mader (Telecopy No. (713) 750-2782), with a copy to JPMorgan Chase Bank,
N.A., 383 Madison Avenue, New York, New York 10179, Attention of
Sarah Freedman (Telecopy No. (212) 270-6637);</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(iii) if to Bank of America, N.A., as Administrative Agent, Issuing Bank or
Swingline Lender, to it at 2001 Clayton Road, Building B, 2<sup>nd</sup> Floor,
CA4-704-02-25, Concord, California 94520, Attention of Faizan Hafeez (Telecopy
No. (866) 540-7550); and</h5>

<h5 style='mso-style-name:"Heading 5\,h5\,H5";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>(iv) if to any other Lender, Swingline Lender or Issuing Bank, to it at its
address (or telecopy number) set forth in its Administrative Questionnaire.</h5>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Notices and other communications to the
Lenders hereunder may be delivered or furnished by electronic communications
pursuant to procedures approved by the Paying Agent; <u>provided</u> that the
foregoing shall not apply to notices pursuant to Article II unless
otherwise agreed by the Paying Agent and the applicable Lender.  The Paying
Agent, Parent or the Borrower may, in its discretion, agree to accept notices
and other communications to it hereunder by electronic communications pursuant
to procedures approved by it; <u>provided</u> that approval of such procedures
may be limited to particular notices or communications.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  Any party hereto may change its address or telecopy
number for notices and other communications hereunder by notice to the other
parties hereto.  All notices and other communications given to any party hereto
in accordance with the provisions of this Agreement shall be deemed to have
been given on the date of receipt.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744232">SECTION
9.02.  <u>Waivers; Amendments.</u>  </a>(a)  No failure or delay by the Paying
Agent, any Issuing Bank or any Lender in exercising any right or power
hereunder or under any other Loan Document shall operate as a waiver thereof,
nor shall any single or partial exercise of any such right or power, or any
abandonment or discontinuance of steps to enforce such a right or power,
preclude any other or further exercise thereof or the exercise of any other
right or power.  The rights and remedies of the Paying Agent, the Issuing Banks
and the Lenders hereunder and under the other Loan Documents are cumulative and
are not exclusive of any rights or remedies that they would otherwise have.  No
waiver of any provision of any Loan Document or consent to any departure by any
Loan Party therefrom shall in any event be effective unless the same shall be
permitted by paragraph (b) of this Section, and then such waiver or
consent shall be effective only in the specific instance and for the purpose
for which given.  Without limiting the generality of the foregoing, the making
of a Loan or issuance of a Letter of Credit shall not be construed as a waiver
of any Default, regardless of whether the Paying Agent, any Lender or any
Issuing Bank may have had notice or knowledge of such Default at the time.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Neither this Agreement nor any other Loan
Document nor any provision hereof or thereof may be waived, amended or modified
except, in the case of this Agreement, pursuant to an agreement or agreements
in writing entered into by Parent, the Borrower and the Required Lenders or by
Parent, the Borrower and the Paying Agent with the consent of the Required
Lenders or, in the case of any other Loan Document, pursuant to an agreement or
agreements in writing entered into by the Paying Agent and the Loan Party or
Loan Parties that are parties thereto with the consent of the Required Lenders;
<u>provided</u> that no such agreement shall (i) except as contemplated by
Section 2.20, increase the Commitment of any Lender without the written consent
of such Lender, (ii) reduce the principal amount of any Loan or LC
Disbursement or reduce the rate of interest thereon, or reduce any fees payable
hereunder, without the written consent of each Lender affected thereby,
(iii) postpone the scheduled date of payment of the principal amount of
any Loan or LC Disbursement, or any interest thereon, or any fees payable
hereunder, or reduce the amount of, waive or excuse any such payment, or
postpone the scheduled date of expiration of any Commitment, without the
written consent of each Lender affected thereby, (iv) change
Section 2.18(b) or (c) in a manner that would alter the pro rata sharing
of payments required thereby, without the written consent of each Lender,
(v) change any of the provisions of this Section or the definition of
“Required Lenders” or any other provision of any Loan Document specifying the
number or percentage of Lenders required to waive, amend or modify any rights
hereunder or make any determination or grant any consent hereunder, without the
written consent of each Lender or (vi) release Parent from its Guarantee
under the Guarantee Agreement or limit its liability thereunder, without the
written consent of each Lender; <u>provided further</u> that no such agreement
shall amend, modify or otherwise affect the rights or duties of any Agent, an
Issuing Bank or a Swingline Lender hereunder without the prior written consent
of such Agent, such Issuing Bank or such Swingline Lender, as the case may be. 
Notwithstanding the foregoing, (A) no consent with respect to any
amendment, waiver or other modification of this Agreement or any other Loan
Document shall be required of (1) any Defaulting Lender, except with
respect to any amendment, waiver or other modification referred to in clause
(i), (ii) or (iii) of the first proviso of this paragraph and then only in the
event such Defaulting Lender shall be affected by such amendment, waiver or
other modification or (2) any Lender that receives payment in full of the
principal of and interest accrued on each Loan made by, and all other amounts
owing to, such Lender or accrued for the account of such Lender under this
Agreement and the other Loan Documents at the time such amendment, waiver or
other modification becomes effective and whose Commitments terminate by the
terms and upon the effectiveness of such amendment, waiver or other
modification, (B) any provision of this Agreement or any other Loan
Document may be amended by an agreement in writing entered into by the Borrower
and the Administrative Agent to cure any ambiguity, omission, defect or
inconsistency so long as, in each case, the Lenders shall have received at
least five Business Days’ prior written notice thereof and the Administrative
Agent shall not have received, within five Business Days of the date of such
notice to the Lenders, a written notice from (x) the Required Lenders stating
that the Required Lenders object to such amendment, (y) any Swingline Lender
affected thereby stating that it objects to such amendment or (z) any Issuing
Bank affected thereby stating that it objects to such amendment, and
(C) this Agreement may be amended without the consent of the Required
Lenders to increase the Total Commitments pursuant to Section 2.20.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744233">SECTION
9.03.  <u>Expenses; Indemnity; Damage Waiver.</u>  </a>(a)  The Borrower shall
pay (i) all reasonable out-of-pocket expenses incurred by each Agent, each
Syndication Agent and their respective Affiliates (including the reasonable
fees, charges and disbursements of one outside counsel (and any local or
special counsel where appropriate) and, in connection with a conflict, one
additional counsel per affected party) for the Agents and Syndication Agents,
collectively, in connection with the syndication of the credit facilities
provided for herein, the preparation and administration of the Loan Documents
or any amendments, modifications or waivers of the provisions thereof (whether
or not the transactions contemplated hereby or thereby shall be consummated),
and (ii) all out-of-pocket expenses incurred by any Agent, any Syndication
Agent, any Issuing Bank or any Lender, including the fees, charges and
disbursements of any counsel for any Agent, any Syndication Agent, any Issuing
Bank or any Lender, in connection with the enforcement or protection of its
rights in connection with the Loan Documents, including its rights under this
Section, or in connection with the Loans made or Letters of Credit issued
hereunder, including all such out-of-pocket expenses incurred during any
workout, restructuring or negotiations in respect of such Loans or Letters of
Credit.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  The Borrower shall indemnify each Agent, each Syndication
Agent, each Issuing Bank and each Lender, and each Related Party of any of the
foregoing Persons (each such Person being called an “<u>Indemnitee</u>”)
against, and hold each Indemnitee harmless from, any and all losses, claims,
damages, liabilities and related expenses, including the fees, charges and
disbursements of any counsel for any Indemnitee, incurred by or asserted
against any Indemnitee arising out of, in connection with, or as a result of
(i) the execution or delivery of any Loan Document or any agreement or
instrument contemplated hereby, the performance by the parties to the Loan
Documents of their respective obligations thereunder or the consummation of the
Transactions or any other transactions contemplated hereby, (ii) any Loan
or Letter of Credit or the use of the proceeds therefrom (including any refusal
by an Issuing Bank to honor a demand for payment under a Letter of Credit if
the documents presented in connection with such demand do not strictly comply
with the terms of such Letter of Credit), or (iii) any actual or
prospective claim, litigation, investigation or proceeding relating to any of
the foregoing, whether based on contract, tort or any other theory and
regardless of whether any Indemnitee is a party thereto and regardless of
whether such matter is initiated by a third party, Parent, the Borrower or any
Affiliate of Parent or the Borrower; <u>provided</u> that such indemnity shall
not, as to any Indemnitee, be available to the extent that such losses, claims,
damages, liabilities or related expenses are determined by a court of competent
jurisdiction by final and nonappealable judgment to have resulted from the
gross negligence or wilful misconduct of such Indemnitee.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  To the extent that the Borrower fails to pay
any amount required to be paid by it to an Agent, an Issuing Bank or a
Swingline Lender under paragraph (a) or (b) of this Section, each Lender
severally agrees to pay to such Agent, such Issuing Bank or such Swingline
Lender, as the case may be, such Lender’s Applicable Percentage (determined as
of the time that the applicable unreimbursed expense or indemnity payment is
sought) of such unpaid amount; <u>provided</u> that (i) the unreimbursed
expense or indemnified loss, claim, damage, liability or related expense, as
the case may be, was incurred by or asserted against such Agent, such Issuing
Bank or such Swingline Lender in its capacity as such and (ii) if an Issuing
Bank separately agrees, as contemplated by the last sentence of Section
2.06(f), to be subject to a standard of care different than that set forth
therein, no Lender shall be liable to such Issuing Bank hereunder for any
greater amount than would have been due if such Issuing Bank had not agreed to
such different standard of care.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  To the extent permitted by applicable law,
neither Parent nor the Borrower shall assert, and each hereby waives, any claim
against any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages)
arising out of, in connection with, or as a result of, any Loan Document or any
agreement or instrument contemplated thereby, the Transactions or the other
transactions contemplated hereby, any Loan or Letter of Credit or the use of
the proceeds thereof.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(e)  All amounts due under this Section shall be
payable promptly after written demand therefor.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744234">SECTION
9.04.  <u>Successors and Assigns.</u>  </a>(a)  The provisions of this
Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns permitted hereby (including any
Affiliate of an Issuing Bank that issues any Letter of Credit), except that
(i) neither Parent nor the Borrower may assign or otherwise transfer any
of its rights or obligations hereunder without the prior written consent of
each Lender (and any attempted assignment or transfer by Parent or the Borrower
without such consent shall be null and void) and (ii) no Lender may assign
or otherwise transfer its rights or obligations hereunder except in accordance
with this Section.  Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their
respective successors and assigns permitted hereby (including any Affiliate of
an Issuing Bank that issues any Letter of Credit), Participants (to the extent
provided in paragraph (c) of this Section) and, to the extent expressly
contemplated hereby, the Related Parties of each of the Agents, the Issuing
Banks and the Lenders) any legal or equitable right, remedy or claim under or
by reason of this Agreement.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  (i)  Subject to the conditions set forth in
paragraph (b)(ii) below, any Lender may assign to one or more assignees all or
a portion of its rights and obligations under this Agreement (including all or
a portion of its Commitment and the Loans at the time owing to it) with the
prior written consent (such consent not to be unreasonably withheld) of:</h3>

<p style='mso-style-name:"Heading 7\,h7";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(A)  Parent or the Borrower; <u>provided</u> that no
consent of Parent or the Borrower shall be required for an assignment to a
Lender or any Affiliate of a Lender or, if an Event of Default has occurred and
is continuing, any other assignee;</p>

<p style='mso-style-name:"Heading 7\,h7";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(B)  the Paying Agent; <u>provided</u> that no consent of
the Paying Agent shall be required for an assignment of a Commitment to an
assignee that is a Lender with a Commitment immediately prior to giving effect
to such assignment or an Affiliate of any such Lender; and</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:.5in'>(C)  each
Issuing Bank and each Swingline Lender; <u>provided</u> that no consent of an
Issuing Bank or a Swingline Lender shall be required for an assignment of a
Commitment to an assignee that is a Lender with a Commitment immediately prior
to giving effect to such assignment or an Affiliate of any such Lender. </p>

<h6 style='mso-style-name:"Heading 6\,h6\,H6\,Lev 6\,6";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in;page-break-after:avoid'>(ii)  Assignments shall be
subject to the following additional conditions:</h6>

<p style='mso-style-name:"Heading 7\,h7";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(A)  except in the case of an assignment to a Lender or an
Affiliate of a Lender or an assignment of the entire remaining amount of the
assigning Lender’s Commitment or Competitive Loans, the amount of the
Commitment of the assigning Lender subject to each such assignment (determined
as of the date the Assignment and Assumption with respect to such assignment is
delivered to the Paying Agent) shall not be less than $10,000,000, unless each
of the Borrower (or Parent) and the Paying Agent otherwise consent; <u>provided</u>
that no such consent of the Borrower (or Parent) shall be required if an Event
of Default has occurred and is continuing;</p>

<p style='mso-style-name:"Heading 7\,h7";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(B)  each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and
obligations under this Agreement; <u>provided</u> that this clause shall
not apply to rights in respect of outstanding Competitive Loans;</p>

<p style='mso-style-name:"Heading 7\,h7";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(C)  the parties to each assignment shall execute and
deliver to the Paying Agent an Assignment and Assumption, together with a
processing and recordation fee of $3,500; and</p>

<p style='mso-style-name:"Heading 7\,h7";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(D)  the assignee, if it shall not be a Lender, shall
deliver to the Paying Agent an Administrative Questionnaire.</p>

<h6 style='mso-style-name:"Heading 6\,h6\,H6\,Lev 6\,6";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(iii)  Subject to acceptance and recording thereof
pursuant to paragraph (b)(iv) of this Section, from and after the
effective date specified in each Assignment and Assumption the assignee
thereunder shall be a party hereto and, to the extent of the interest assigned
by such Assignment and Assumption, have the rights and obligations of a Lender
under this Agreement, and the assigning Lender thereunder shall, to the extent
of the interest assigned by such Assignment and Assumption, be released from
its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under
this Agreement, such Lender shall cease to be a party hereto but shall continue
to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 9.03). 
Any assignment or transfer by a Lender of rights or obligations under this
Agreement that does not comply with this Section 9.04 shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such
rights and obligations in accordance with paragraph (c) of this Section.</h6>

<h6 style='mso-style-name:"Heading 6\,h6\,H6\,Lev 6\,6";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(iv)  The Paying Agent, acting for this purpose as
an agent of the Loan Parties, shall maintain at one of its offices a copy of
each Assignment and Assumption delivered to it and a register for the
recordation of the names and addresses of the Lenders, and the Commitment of,
and principal amount of the Loans and LC Disbursements owing to, each Lender
pursuant to the terms hereof from time to time (the “<u>Register</u>”).  The
entries in the Register shall be conclusive, and the Loan Parties, the Agents,
the Issuing Banks and the Lenders may treat each Person whose name is recorded
in the Register pursuant to the terms hereof as a Lender hereunder for all
purposes of this Agreement, notwithstanding notice to the contrary.  The
Register shall be available for inspection by the Borrower, any Issuing Bank
and any Lender, at any reasonable time and from time to time upon reasonable
prior notice.</h6>

<h6 style='mso-style-name:"Heading 6\,h6\,H6\,Lev 6\,6";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(v)  Upon its receipt of a duly completed
Assignment and Assumption executed by an assigning Lender and an assignee, the
assignee’s completed Administrative Questionnaire (unless the assignee shall
already be a Lender hereunder), the processing and recordation fee referred to
in paragraph (b) of this Section and any written consent to such
assignment required by paragraph (b) of this Section, the Paying Agent
shall accept such Assignment and Assumption and record the information
contained therein in the Register.  No assignment shall be effective for
purposes of this Agreement unless it has been recorded in the Register as
provided in this paragraph.</h6>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  Any Lender may, without the consent of the
Loan Parties, the Agents, the Issuing Banks or the Swingline Lenders, sell
participations to one or more banks or other entities (a “<u>Participant</u>”)
in all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans owing to
it); <u>provided</u> that (A) such Lender’s obligations under this
Agreement shall remain unchanged, (B) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations
and (C) the Loan Parties, the Agents, the Issuing Banks and the other
Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under the Loan Documents. 
Any agreement or instrument pursuant to which a Lender sells such a
participation shall provide that such Lender shall retain the sole right to
enforce the Loan Documents and to approve any amendment, modification or waiver
of any provision of the Loan Documents; <u>provided</u> that such agreement or
instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, modification or waiver described in the
first proviso to Section 9.02(b) that affects such Participant.  The Loan
Parties agree that each Participant shall be entitled to the benefits of
Sections 2.15, 2.16 and 2.17 (subject to the requirements and limitations
therein, including the requirements under Section 2.17(f) (it being
understood that the documentation required under Section 2.17(f) shall be
delivered to the participating Lender)) to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to
paragraph (b) of this Section; <u>provided</u> that such Participant (A)
agrees to be subject to the provisions of Sections 2.18 and 2.19 as if it
were an assignee under paragraph (b) of this Section; and (B) shall not be
entitled to receive any greater payment under Sections 2.15 or 2.17, with
respect to any participation, than its participating Lender would have been
entitled to receive, except to the extent such entitlement to receive a greater
payment results from a Change in Law that occurs after the Participant acquired
the applicable participation.  To the extent permitted by law, each Participant
also shall be entitled to the benefits of Section 9.08 as though it were a
Lender; <u>provided</u> that such Participant agrees to be subject to
Section 2.18(c) as though it were a Lender.  Each Lender that sells a
participation shall, acting solely for this purpose as an agent of the
Borrower, maintain a register on which it enters the name and address of each
Participant and the principal amounts (and stated interest) of each
Participant’s interest in the Loans or other obligations under the Loan
Documents (the “<u>Participant Register</u>”); <u>provided</u> that no Lender
shall have any obligation to disclose all or any portion of the Participant
Register to any Person (including the identity of any Participant or any
information relating to a Participant’s interest in any Commitments, Loans,
Letters of Credit or its other obligations under any Loan Document) except to
the extent that such disclosure is necessary to establish that such Commitment,
Loan, Letter of Credit or other obligation is in registered form under Section
5f.103-1(c) of the United States Treasury Regulations.  The entries in the
Participant Register shall be conclusive absent manifest error, and such Lender
shall treat each Person whose name is recorded in the Participant Register as
the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary.  For the avoidance of doubt, neither
the Paying Agent nor the Administrative Agents (in their capacities as such)
shall have any obligation to maintain a Participant Register.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  Any Lender may at any time pledge or assign a
security interest in all or any portion of its rights under this Agreement to
secure obligations of such Lender, including any pledge or assignment to secure
obligations to a Federal Reserve Bank, and this Section shall not apply to any
such pledge or assignment of a security interest; <u>provided</u> that no such
pledge or assignment of a security interest shall release a Lender from any of
its obligations hereunder or substitute any such pledgee or assignee for such
Lender as a party hereto.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(e)  Notwithstanding the foregoing, no assignment
or participation shall be made to the Borrower or any Affiliate of the
Borrower.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744235">SECTION
9.05.  <u>Survival.</u>  All covenants, agreements, representations and
warranties made by the Loan Parties in the Loan Documents and in the
certificates or other instruments delivered in connection with or pursuant to
this Agreement or any other Loan Document shall be considered to have been relied
upon by the other parties hereto and thereto and shall survive the execution
and delivery of the Loan Documents and the making of any Loans and issuance of
any Letters of Credit, regardless of any investigation made by any such other
party or on its behalf and notwithstanding that any Agent, any Issuing Bank or
any Lender may have had notice or knowledge of any Default or incorrect
representation or warranty at the time any credit is extended hereunder, and
shall continue in full force and effect as long as the principal of or any
accrued interest on any Loan or any fee or any other amount payable under this
Agreement or any other Loan Document is outstanding and unpaid or any Letter of
Credit is outstanding and so long as the Commitments have not expired or
terminated.  The provisions of Sections 2.15, 2.16, 2.17 and 9.03 and
Article VIII shall survive and remain in full force and effect regardless
of the consummation of the transactions contemplated hereby, the repayment of
the Loans, the expiration or termination of the Letters of Credit and the
Commitments or the termination of this Agreement or any other Loan Document or
any provision hereof or thereof.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744236">SECTION
9.06.  <u>Counterparts; Integration; Effectiveness.</u>  This Agreement may be
executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which
when taken together shall constitute a single contract.  This Agreement, the
other Loan Documents, any separate letter agreements with respect to fees
payable to any Agent, Lender or Issuing Bank and the provisions of the
commitment letter dated April 16, 2013, among the Borrower, J.P. Morgan Chase
Bank, N.A., Bank of America, N.A., Credit Suisse AG, U.S. Bank National
Association, Wells Fargo Bank, National Association and their respective
Affiliates that are acting as arrangers and bookrunners in respect of the
credit facility under this Agreement (to the extent such provisions expressly
survive the termination of such commitment letter) constitute the entire
contract among the parties relating to the subject matter hereof and supersede
any and all previous agreements and understandings, oral or written, relating
to the subject matter hereof.  Except as provided in Section 4.01, this
Agreement shall become effective when it shall have been executed by the Paying
Agent and when the Paying Agent shall have received counterparts hereof which,
when taken together, bear the signatures of each of the other parties hereto,
and thereafter shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns.  Delivery of an executed
counterpart of a signature page of this Agreement by telecopy or electronic
transmission shall be effective as delivery of a manually executed counterpart
of this Agreement.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744237">SECTION
9.07.  <u>Severability.</u>  Any provision of this Agreement held to be
invalid, illegal or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality or
unenforceability without affecting the validity, legality and enforceability of
the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other
jurisdiction.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744238">SECTION
9.08.  <u>Right of Setoff.</u>  If an Event of Default shall have occurred and
be continuing, each Lender and each of its Affiliates is hereby authorized at
any time and from time to time, to the fullest extent permitted by law, to set
off and apply any and all deposits (general or special, time or demand,
provisional or final) at any time held and other obligations at any time owing
by such Lender or Affiliate to or for the credit or the account of any Loan
Party against any of and all the obligations of such Loan Party now or hereafter
existing under any Loan Document held by such Lender, irrespective of whether
or not such Lender shall have made any demand under any Loan Document and
although such obligations may be unmatured.  The rights of each Lender under
this Section are in addition to other rights and remedies (including other
rights of setoff) which such Lender may have.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744239">SECTION
9.09.  <u>Governing Law; Jurisdiction; Consent to Service of Process.</u>  </a>(a)  This Agreement shall be construed in accordance with and governed by the law of the
State of New York.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  Each of Parent and the Borrower hereby
irrevocably and unconditionally submits, for itself and its property, to the
exclusive jurisdiction of the Supreme Court of the State of New York
sitting in New York County and of the United States District Court of the
Southern District of New York, and any appellate court from any thereof,
in any action or proceeding arising out of or relating to this Agreement or any
other Loan Document, or for recognition or enforcement of any judgment, and
each of the parties hereto hereby irrevocably and unconditionally agrees that
all claims in respect of any such action or proceeding may be heard and
determined in such New York State or, to the extent permitted by law, in
such Federal court.  Each of the parties hereto agrees that a final judgment in
any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. 
Nothing in this Agreement or any other Loan Document shall affect any right
that any Agent, any Issuing Bank or any Lender may otherwise have to bring any
action or proceeding relating to this Agreement or any other Loan Document
against Parent, the Borrower or their respective properties in the courts of any
jurisdiction.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(c)  Each of Parent and the Borrower hereby
irrevocably and unconditionally waives, to the fullest extent it may legally
and effectively do so, any objection which it may now or hereafter have to the
laying of venue of any suit, action or proceeding arising out of or relating to
this Agreement or any other Loan Document in any court referred to in paragraph
(b) of this Section.  Each of the parties hereto hereby irrevocably waives, to
the fullest extent permitted by law, the defense of an inconvenient forum to
the maintenance of such action or proceeding in any such court.</h3>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(d)  Each party to this Agreement irrevocably
consents to service of process in the manner provided for notices in
Section 9.01.  Nothing in this Agreement or any other Loan Document will
affect the right of any party to this Agreement to serve process in any other
manner permitted by law.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744240">SECTION
9.10.  <u>WAIVER OF JURY TRIAL.</u>  EACH PARTY HERETO HEREBY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY
JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING
TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).  EACH PARTY
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO
ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744241">SECTION
9.11.  <u>Headings.</u>  Article and Section headings and the Table of Contents
used herein are for convenience of reference only, are not part of this Agreement
and shall not affect the construction of, or be taken into consideration in
interpreting, this Agreement.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744242">SECTION
9.12.  <u>Confidentiality.</u>  Each of the Agents, the Issuing Banks and the
Lenders agrees to maintain the confidentiality of the Information (as defined below),
except that Information may be disclosed (a) to its and its Affiliates’
directors, officers, employees and agents, including accountants, legal counsel
and other advisors (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such
Information and instructed to keep such Information confidential), (b) to
the extent requested by any regulatory authority, (c) to the extent
required by applicable laws or regulations or by any subpoena or similar legal
process, (d)</a><font style="font-size: 11.0pt"> </font>to any other party
to this Agreement, (e) in connection with the exercise of any remedies
hereunder or any suit, action or proceeding relating to this Agreement or any
other Loan Document or the enforcement of rights hereunder or thereunder,
(f) subject to an agreement containing provisions substantially the same
as those of this Section, to any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations
under this Agreement, (g) with the consent of Parent or the Borrower or
(h) to the extent such Information (i) becomes publicly available
other than as a result of a breach of this Section or (ii) becomes
available to any Agent, any Issuing Bank or any Lender on a nonconfidential basis
from a source other than Parent or the Borrower.  For the purposes of this
Section, “<u>Information</u>” means all information received from Parent or the
Borrower relating to Parent or the Borrower or their respective businesses,
other than any such information that is available to any Agent, any Issuing
Bank or any Lender on a nonconfidential basis prior to disclosure by Parent or
the Borrower.  Any Person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of
care to maintain the confidentiality of such Information as such Person would
accord to its own confidential information.</h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744243">SECTION
9.13.  <u>Interest Rate Limitation.</u>  Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan, together
with all fees, charges and other amounts which are treated as interest on such
Loan under applicable law (collectively the “<u>Charges</u>”), shall exceed the
maximum lawful rate (the “<u>Maximum Rate</u>”) which may be contracted for,
charged, taken, received or reserved by the Lender holding such Loan in
accordance with applicable law, the rate of interest payable in respect of such
Loan hereunder, together with all Charges payable in respect thereof, shall be
limited to the Maximum Rate and, to the extent lawful, the interest and Charges
that would have been payable in respect of such Loan but were not payable as a
result of the operation of this Section shall be cumulated and the interest and
Charges payable to such Lender in respect of other Loans or periods shall be
increased (but not above the Maximum Rate therefor) until such cumulated
amount, together with interest thereon at the Federal Funds Effective Rate to the
date of repayment, shall have been received by such Lender.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744244">SECTION
9.14.  <u>Patriot Act</u>.  Each Lender hereby
notifies the Loan Parties that pursuant to the requirements of the Patriot Act,
it is required to obtain, verify and record information that identifies the
Loan Parties, which information includes the name and address of the Loan
Parties and other information that will allow such Lender to identify the Loan
Parties in accordance with the Act.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744245">SECTION
9.15.  <u>Conversion of Currencies.</u>  </a>(a)  If,
for the purpose of obtaining judgment in any court, it is necessary to convert
a sum due under this Agreement in dollars into another currency, the parties
hereto agree, to the fullest extent that they may legally and effectively do
so, that the rate of exchange used shall be that at which in accordance with
normal banking procedures the Paying Agent could purchase dollars with such
other currency in New York, New York, on the Business Day immediately preceding
the day on which final judgment is given.</h2>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'>(b)  The obligations of
the Borrower in respect of any sum due to the Paying Agent, any Lender or any
Issuing Bank hereunder in dollars shall, to the extent permitted by applicable
law, notwithstanding any judgment in a currency other than dollars, be
discharged only to the extent that on the Business Day following receipt of any
sum adjudged to be so due in the judgment currency, the Paying Agent, such
Lender or such Issuing Bank may in accordance with normal banking procedures
purchase dollars in the amount originally due to the Paying Agent, such Lender
or such Issuing Bank with the judgment currency.  If the amount of dollars so
purchased is less than the sum originally due to the Paying Agent, such Lender
or such Issuing Bank, the Borrower agrees, as a separate obligation and notwithstanding
any such judgment, to indemnify the Paying Agent, such Lender or such Issuing
Bank against the resulting loss.</h3>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a name="_Toc295744247">SECTION
9.16.  <u>No Fiduciary Duty.</u>  Each Agent, each Lender and their Affiliates
(collectively, solely for purposes of this paragraph, the “Lenders”), may have
economic interests that conflict with those of the Loan Parties, their
stockholders and/or their affiliates.  Each Loan Party agrees that nothing in
the Loan Documents or otherwise will be deemed to create an advisory, fiduciary
or agency relationship or fiduciary or other implied duty between any Lender,
on the one hand, and such Loan Party, its stockholders or its affiliates, on
the other.  The Loan Parties acknowledge and agree that (i) the transactions
contemplated by the Loan Documents (including the exercise of rights and
remedies hereunder and thereunder) are arm’s-length commercial transactions
between the Lenders, on the one hand, and the Loan Parties, on the other, and
(ii) in connection therewith and with the process leading thereto, (x) no
Lender has assumed an advisory or fiduciary responsibility in favor of any Loan
Party, its stockholders or its affiliates with respect to the transactions
contemplated hereby (or the exercise of rights or remedies with respect
thereto) or the process leading thereto (irrespective of whether any Lender has
advised, is currently advising or will advise any Loan Party, its stockholders
or its Affiliates on other matters) or any other obligation to any Loan Party
except the obligations expressly set forth in the Loan Documents and (y) each
Lender is acting solely as principal and not as the agent or fiduciary of any
Loan Party, its management, stockholders, creditors or any other Person.  Each
Loan Party acknowledges and agrees that it has consulted its own legal and
financial advisors to the extent it deemed appropriate and that it is
responsible for making its own independent judgment with respect to such
transactions and the process leading thereto.  Each Loan Party agrees that it
will not claim that any Lender has rendered advisory services of any nature or
respect, or owes a fiduciary or similar duty to such Loan Party, in connection
with such transaction or the process leading thereto.</a></h2>

<h2 style='mso-style-name:"Heading 2\,h2\,H2\,Heading 2 Schedule Sub Title\,Heading 2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;margin-left:0in'><a
name="_Toc352863503">SECTION 9.17.  <u>Waiver of Notice of Termination Under
Existing Credit Agreement</u>.  Each Lender that is a “Lender” under (and as
defined in) the Existing Credit Agreement hereby waives any requirement under
the Existing Credit Agreement that notice be given prior to the prepayment of
loans or termination of commitments thereunder; <u>provided</u> that such
commitments are terminated by notice to the paying agent under the Existing
Credit Agreement on the Effective Date.</a></h2>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>[Remainder of page
intentionally left blank]</p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection4;'>

<h3 style='mso-style-name:"Heading 3\,h3\,H3\, Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:normal;'>IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and delivered by their proper and duly authorized officers as of
the day and year first above written.</h3>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:6.0pt;border-collapse:collapse'>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt">MACY’S, INC.</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'>By<font style="font-size: 12.0pt">: <u>  /s/ Karen M. Hoguet</u></font></p>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";margin-left:20.0pt'><font style="font-size: 12.0pt">Name:
  Karen M. Hoguet<br>
  Title: Chief Financial Officer</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt">MACY’S RETAIL HOLDINGS, INC.</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'>By<font style="font-size: 12.0pt">: <u>  /s/ Karen M. Hoguet</u></font></p>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";margin-left:20.0pt'><font style="font-size: 12.0pt">Name:
  Karen M. Hoguet<br>
  Title: Vice President</font></p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<br
clear=all style='page-break-before:always'>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:6.0pt;border-collapse:collapse'>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt">JPMORGAN CHASE BANK, N.A.,
  individually and as Administrative Agent and Paying Agent</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt"> </font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt"> </font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt">By: <u>/s/ Sarah L. Freedman</u></font></p>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";margin-left:20.0pt'><font style="font-size: 12.0pt">Name:
  Sarah L. Freedman<br>
  Title: Executive Director</font></p>
  </td>
 </tr>
</table>

<br
clear=all style='page-break-before:always'>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:6.0pt;border-collapse:collapse'>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt">BANK OF AMERICA, N.A.,
  individually and as Administrative Agent</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt"> </font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt"> </font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt">By: <u>/s/ Jaime C. Eng</u></font></p>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";margin-left:16.5pt'><font style="font-size: 12.0pt">Name:
  Jaime C. Eng<br>
  Title: Vice President</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
</table>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection5;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:6.0pt;border-collapse:collapse'>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";margin-bottom:0in;margin-bottom:.0001pt'><font style="font-size: 12.0pt">CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,</font></p>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";margin-bottom:0in;margin-bottom:.0001pt'><font style="font-size: 12.0pt">as a Lender</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt"> </font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt"> </font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt">By: <u>/s/ Christopher Day</u></font></p>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";margin-left:16.5pt'><font style="font-size: 12.0pt">Name:
  Christopher Day<br>
  Title: Authorized signatory</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt">By: <u>/s/ Philipp Horat</u></font></p>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 12.0pt">Name: Philipp Horat<br>
  Title: Authorized signatory</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=285 valign=top style='width:214.0pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=339 valign=top style='width:253.95pt;padding:0in 6.0pt 0in 6.0pt'>
  <p style='mso-style-name:Table;margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center;font-size:8.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
</table>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection6;'>

<p style='mso-style-name:"Title Right Justified";margin:0in;margin-bottom:.0001pt;text-align:right;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";page-break-after:auto'>Lender Signature Page to</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>the MACY’S Credit Agreement</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>dated the date first above written</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name of Institution:</p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'>Credit Suisse Securities
  (USA) LLC</p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'><a name=FirmName></a>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/ Carrie Barber</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name: Carrie Barber</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title: Managing Director</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>For any Institution requiring a second signature line:</p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<br
clear=all style='page-break-before:always'>


<p style='mso-style-name:"Title Right Justified";margin:0in;margin-bottom:.0001pt;text-align:right;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";page-break-after:auto'>Lender Signature Page to</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>the MACY’S Credit Agreement</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>dated the date first above written</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name of Institution:</p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'>U.S. BANK, NATIONAL
  ASSOCIATION</p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/ Frances W. Josephic</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name: Frances W. Josephic</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title: Vice President</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>For any Institution requiring a second signature line:</p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection7;'>

<p style='mso-style-name:"Title Right Justified";margin:0in;margin-bottom:.0001pt;text-align:right;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";page-break-after:auto'>Lender Signature Page to</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>the MACY’S Credit Agreement</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>dated the date first above written</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name of Institution:</p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'>Wells Fargo Bank, N.A.</p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/ Steven Buehler</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name: Managing Director</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>For any Institution requiring a second signature line:</p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection8;'>

<p style='mso-style-name:"Title Right Justified";margin:0in;margin-bottom:.0001pt;text-align:right;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";page-break-after:auto'>Lender Signature Page to</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>the MACY’S Credit Agreement</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>dated the date first above written</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name of Institution:</p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'>PNC Bank , National
  Association</p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/ C. Joseph Richardson</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name: C. Joseph Richardson</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title: Senior Vice President</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>For any Institution requiring a second signature line:</p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection9;'>

<p style='mso-style-name:"Title Right Justified";margin:0in;margin-bottom:.0001pt;text-align:right;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";page-break-after:auto'>Lender Signature Page to</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>the MACY’S Credit Agreement</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>dated the date first above written</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name of Institution:</p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'>FIFTH THIRD BANK</p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/ Rachel Bonomo</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name: Rachel Bonomo</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title: Officer</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>For any Institution requiring a second signature line:</p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection10;'>

<p style='mso-style-name:"Title Right Justified";margin:0in;margin-bottom:.0001pt;text-align:right;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";page-break-after:auto'>Lender Signature Page to</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>the MACY’S Credit Agreement</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>dated the date first above written</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name of Institution:</p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'>STANDARD CHARTERED BANK</p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/ James P. Hughes</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name: James P. Hughes A2386</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title: Director</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>For any Institution requiring a second signature line:</p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/ Robert K. Reddington</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:  Robert K. Reddington</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title: Credit Documentation Manager</p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Credit Documentation Unit: WB Legal-Americas</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection11;'>

<p style='mso-style-name:"Title Right Justified";margin:0in;margin-bottom:.0001pt;text-align:right;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";page-break-after:auto'>Lender Signature Page to</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>the MACY’S Credit Agreement</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>dated the date first above written</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name of Institution:</p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'>Union Bank, N.A.</p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/  Dana Philbin</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:  Dana Philbin</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:  Vice President </p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>For any Institution requiring a second signature line:</p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:  </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title: </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
</table>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection12;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"Title Right Justified";margin:0in;margin-bottom:.0001pt;text-align:right;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";page-break-after:auto'>Lender Signature Page to</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>the MACY’S Credit Agreement</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>dated the date first above written</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name of Institution:</p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'>Citibank, N.A.</p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/  Suneet Gupta</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:   Suneet Gupta</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:  Vice President</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>For any Institution requiring a second signature line:</p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:  </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title: </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection13;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"Title Right Justified";margin:0in;margin-bottom:.0001pt;text-align:right;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";page-break-after:auto'>Lender Signature Page to</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>the MACY’S Credit Agreement</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>dated the date first above written</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name of Institution:</p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'>Goldman Sachs Bank USA</p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/  Mark Walton</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:  Mark Walton</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:  Authorized Signatory</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>For any Institution requiring a second signature line:</p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:  </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title: </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection14;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"Title Right Justified";margin:0in;margin-bottom:.0001pt;text-align:right;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";page-break-after:auto'>Lender Signature Page to</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>the MACY’S Credit Agreement</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>dated the date first above written</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name of Institution:</p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'>First Hawaiian Bank</p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/  Derek Chang</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:  Derek Chang</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:  Vice President</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>For any Institution requiring a second signature line:</p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:  </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title: </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection15;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"Title Right Justified";margin:0in;margin-bottom:.0001pt;text-align:right;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";page-break-after:auto'>Lender Signature Page to</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>the MACY’S Credit Agreement</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>dated the date first above written</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name of Institution:</p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'>THE BANK OF NEW YORK
  MELLON</p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=311 colspan=3 valign=top style='width:233.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/  William M. Feathers</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:   William M. Feathers</p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:   Vice President</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>For any Institution requiring a second signature line:</p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"After Table";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=19 valign=top style='width:13.95pt;border:none;padding:0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>by</p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:  </p>
  </td>
 </tr>
 <tr>
  <td width=37 colspan=2 valign=top style='width:27.9pt;border:none;padding:
  0in 0in 0in 0in'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=274 valign=top style='width:205.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title: </p>
  <p style='mso-style-name:"Table Text";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection16;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b> </b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Schedule 2.01</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b> </b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Commitments</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<div align=center>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0 width=554
 style='margin-left:-163.65pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=295 style='width:221.45pt;border-top:double 1.5pt;border-left:double 1.5pt;
  border-bottom:solid 1.0pt;border-right:solid 1.0pt;border-color:windowtext;
  background:#E6E6E6;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'><b><font style="font-size: 10.0pt">Lender</font></b></p>
  </td>
  <td width=258 style='width:193.7pt;border-top:double windowtext 1.5pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  background:#E6E6E6;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'><b><font style="font-size: 10.0pt">Commitment</font></b></p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>JPMorgan Chase Bank, N.A.</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$200,000,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Bank of America, N.A.</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$200,000,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Credit Suisse AG</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$200,000,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>U.S. Bank National Association</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$200,000,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Wells Fargo Bank National Association</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$200,000,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Fifth Third Bank</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$100,000,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>PNC Bank, National Association</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$100,000,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Standard Chartered Bank</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$62,500,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Union Bank, N.A.</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$62,500,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Citibank N.A.</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$50,000,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Goldman Sachs Bank USA</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$50,000,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Bank of New York Mellon</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$50,000,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>First Hawaiian Bank</p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$25,000,000.00</p>
  </td>
 </tr>
 <tr>
  <td width=295 style='width:221.45pt;border-top:none;border-left:double windowtext 1.5pt;
  border-bottom:double windowtext 1.5pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;margin-bottom:
  6.0pt;margin-left:0in'><b><font style="font-size: 10.0pt">TOTAL:</font></b></p>
  </td>
  <td width=258 style='width:193.7pt;border-top:none;border-left:none;
  border-bottom:double windowtext 1.5pt;border-right:double windowtext 1.5pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:6.0pt;margin-left:0in;text-align:center'>$1,500,000,000.00</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

<b><br
clear=all style='page-break-before:always'>
</b>

<div style='page:WordSection17;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'><b> </b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Schedule 6.01</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b> </b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Existing
Indebtedness</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>($000) Amount as of May 10, 2013</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr style='height:10.35pt'>
  <td width=469 valign=top style='width:351.9pt;padding:0in 5.4pt 0in 5.4pt;
  height:10.35pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><u>Description of Debt</u></p>
  </td>
  <td width=169 valign=top style='width:126.9pt;padding:0in 5.4pt 0in 5.4pt;
  height:10.35pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><u>Amount of Debt</u></p>
  </td>
 </tr>
 <tr>
  <td width=469 valign=top style='width:351.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Commercial Paper</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>     $1.5 billion program</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=169 valign=top style='width:126.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>$0</p>
  </td>
 </tr>
 <tr>
  <td width=469 valign=top style='width:351.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Capitalized Leases</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=169 valign=top style='width:126.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>$34,508</p>
  </td>
 </tr>
 <tr>
  <td width=469 valign=top style='width:351.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Deutsche Bank Trust Company, as Trustee</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=169 valign=top style='width:126.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>$4,685</p>
  </td>
 </tr>
 <tr>
  <td width=469 valign=top style='width:351.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Indenture dated as of December 15, 1994</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>     U.S. Bank National Association, as Trustee</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=169 valign=top style='width:126.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>$465,442</p>
  </td>
 </tr>
 <tr>
  <td width=469 valign=top style='width:351.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Indenture dated as of September 10, 1997</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>     U.S. Bank National Association, as Trustee</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=169 valign=top style='width:126.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>$700,000</p>
  </td>
 </tr>
 <tr>
  <td width=469 valign=top style='width:351.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Indenture dated as of July 20, 2004</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>     The Bank of New York Mellon Trust Company, N.A. as
  Trustee</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=169 valign=top style='width:126.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>$1,153,072</p>
  </td>
 </tr>
 <tr>
  <td width=469 valign=top style='width:351.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Indenture dated as of June 17, 1996</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>     The Bank of New York Mellon Trust Company, N.A. as
  Trustee</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=169 valign=top style='width:126.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>$732,341</p>
  </td>
 </tr>
 <tr>
  <td width=469 valign=top style='width:351.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Amended and Restated Indenture dated as of January 15,
  1991</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>     The Bank of New York Mellon Trust Company, N.A. as
  Trustee    </p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=169 valign=top style='width:126.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>$358,830</p>
  </td>
 </tr>
 <tr>
  <td width=469 valign=top style='width:351.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Indenture dated as of November 2, 2006</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>     U.S. Bank National Association, as Trustee</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=169 valign=top style='width:126.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>$1,483,586</p>
  </td>
 </tr>
 <tr>
  <td width=469 valign=top style='width:351.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Indenture dated as of January 13, 2012</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>     The Bank of New York Mellon Trust Company, N.A. as
  Trustee</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=169 valign=top style='width:126.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>$1,800,000</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<br
clear=all style='page-break-before:always'>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-align:center'><b>Schedule
6.02</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b> </b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Existing Liens</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Mortgage Debt</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>($000)</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><u>Obligor</u></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><u>Property/Location</u></p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><u>Amount (5/10/13)</u></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Macy’s Retail Holdings, Inc.</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Macy’s California Realty, LLC</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Deutsche Bank (various)</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>$4,685</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection18;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:30.0pt'>                                                                                                                                                </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:24.0pt;text-align:center'>[FORM
OF]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:24.0pt;text-align:center'>ASSIGNMENT
AND ASSUMPTION</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-indent:1.0in'>Reference is
hereby made to the Credit Agreement dated as of May 10, 2013 (as amended,
supplemented or otherwise modified from time to time, the “<u>Credit Agreement</u>”),
among Macy’s Inc., a Delaware corporation (“<u>Parent</u>”), Macy’s Retail
Holdings, Inc., a New York corporation (the “<u>Borrower</u>”), the Lenders
from time to time party thereto, Bank of America, N.A. and JPMorgan Chase Bank,
N.A., as Administrative Agents, and JPMorgan Chase Bank, N.A., as Paying Agent,
and each lender from time to time party thereto.  Terms defined in the Credit
Agreement are used herein with the same meanings.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-indent:1.0in'>The Assignor
named below hereby sells and assigns, without recourse, to the Assignee named
below, and the Assignee hereby purchases and assumes, without recourse, from
the Assignor, effective as of the Assignment Date set forth below, the
interests set forth below (the “<u>Assigned Interest</u>”) in the Assignor’s
rights and obligations under the Credit Agreement, including the interests set
forth below in the Commitment of the Assignor on the Assignment Date and
Competitive Loans and Revolving Loans owing to the Assignor which are
outstanding on the Assignment Date, together with the participations in Letters
of Credit and LC Disbursements held by the Assignor on the Assignment Date, but
excluding accrued interest and fees to and excluding the Assignment Date.  The
Assignee hereby acknowledges receipt of a copy of the Credit Agreement.  From
and after the Assignment Date (i) the Assignee shall be a party to and be bound
by the provisions of the Credit Agreement and, to the extent of the Assigned
Interest, have the rights and obligations of a Lender thereunder and (ii) the
Assignor shall, to the extent of the Assigned Interest, relinquish its rights
and be released from its obligations under the Credit Agreement.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-indent:1.0in'>This
Assignment and Acceptance is being delivered to the Paying Agent together with
(i) if the Assignee is a Foreign Lender, any documentation required to be
delivered by the Assignee pursuant to Section 2.17(e) of the Credit Agreement,
duly completed and executed by the Assignee, and (ii) if the Assignee is not
already a Lender under the Credit Agreement, an Administrative Questionnaire in
the form supplied by the Paying Agent, duly completed by the Assignee.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-indent:1.0in'>This
Assignment and Acceptance shall be governed by and construed in accordance with
the laws of the State of New York.</p>

<br
clear=all style='page-break-before:always'>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>Date of Assignment: [●]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>Legal Name of Assignor:
[●]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>Legal Name of Assignee:
[●]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Assignee’s Address for Notices: [●]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Effective Date of Assignment</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>(“Assignment Date”): [●]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=197 valign=bottom style='width:2.05in;border:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Facility</p>
  </td>
  <td width=197 valign=bottom style='width:2.05in;border:solid windowtext 1.0pt;
  border-left:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Principal Amount Assigned (and identifying information as
  to individual Competitive Loans)</p>
  </td>
  <td width=197 valign=bottom style='width:2.05in;border:solid windowtext 1.0pt;
  border-left:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Percentage Assigned of Facility and Commitment (set forth,
  to at least 8 decimals, as a percentage of the total Facility and the
  aggregate Commitments of all Lenders thereunder)</p>
  </td>
 </tr>
 <tr>
  <td width=197 valign=top style='width:2.05in;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:3.4pt'>Commitment Assigned:</p>
  </td>
  <td width=197 valign=top style='width:2.05in;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:3.4pt'> </p>
  </td>
  <td width=197 valign=top style='width:2.05in;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:3.4pt'> </p>
  </td>
 </tr>
 <tr>
  <td width=197 valign=top style='width:2.05in;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:3.4pt'>Revolving Loans:</p>
  </td>
  <td width=197 valign=top style='width:2.05in;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:3.4pt'> </p>
  </td>
  <td width=197 valign=top style='width:2.05in;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:3.4pt'>                                               </p>
  </td>
 </tr>
 <tr>
  <td width=197 valign=top style='width:2.05in;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:3.4pt'>Competitive Loans:</p>
  </td>
  <td width=197 valign=top style='width:2.05in;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:3.4pt'> </p>
  </td>
  <td width=197 valign=top style='width:2.05in;border-top:none;border-left:
  none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:3.4pt'> </p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<br
clear=all style='page-break-before:always'>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>The terms hereof are hereby
agreed to:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'>[●], as Assignor<br>
<br>
</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'>By:________________________</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'>      Name:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'>      Title:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'>[●], as Assignee</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'>By: _______________________</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'>       Name:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'>       Title:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:24.0pt'>The undersigned hereby consent
to the within assignment:<sup><font style="font-size: 11.0pt"> </font></sup></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>Macy’s, Inc.,  </p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>Macy’s Retail Holdings, Inc.,</p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>By:_______________________</p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>By:_______________________</p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>      Name:</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>      Title:                                  </p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>      Name:</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>      Title:                                  </p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>JPMorgan Chase Bank, N.A., as
  Paying Agent, Issuing Bank and Swingline Lender,</p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Bank of America, N.A., as Issuing Bank and Swingline
  Lender,</p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>By:____________________</p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>By:____________________</p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>      Name:</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>      Title:</p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>      Name:</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>      Title:</p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>[●], as [Issuing Bank] [and] [Swingline Lender],</p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>By:____________________</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>      Name:</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>      Title:</p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection19;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:1.5in;text-indent:.5in;vertical-align:
baseline'>[FORM OF]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:1.5in;text-indent:.5in;vertical-align:
baseline'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:1.5in;text-indent:.5in;vertical-align:
baseline'>GUARANTEE AGREEMENT dated as of May 10, 2013, among MACY’S,
INC. (“<u>Parent</u>”), MACY’S RETAIL HOLDINGS, INC. (the “<u>Borrower</u>”)
and JPMORGAN CHASE BANK, N.A., as Paying Agent.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;line-height:18.0pt;vertical-align:
baseline'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-align:justify;text-indent:
1.0in;vertical-align:baseline'>Reference is made to the Credit Agreement dated
as of May 10, 2013 (as amended, supplemented or otherwise modified
from time to time, the “<u>Credit Agreement</u>”) among Parent, the Borrower,
the lenders party thereto, JPMorgan Chase Bank, N.A. and Bank of America, N.A.,
as administrative agents and JPMorgan Chase Bank, N.A., as paying agent.  The
obligations of the Lenders and the Issuing Banks to extend credit to the
Borrower are conditioned upon, among other things, the execution and delivery
of this Agreement.  Parent is the parent company of the Borrower, will derive
substantial benefits from the extension of credit to the Borrower pursuant to
the Credit Agreement and is willing to execute and deliver this Agreement in
order to induce the Lenders to extend such credit.  Accordingly, the parties
hereto agree as follows:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;
margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;
page-break-after:avoid;vertical-align:baseline'><a name="_Toc354492192">ARTICLE
I<br>
<br>
Definitions</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492193">SECTION
1.01. <u>Credit Agreement.</u>  </a>(a)  Capitalized terms used in this
Agreement and not otherwise defined herein have the meanings specified in the
Credit Agreement.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:76.5pt;vertical-align:baseline'>(b)  The rules of
construction specified in Section 1.03 of the Credit Agreement also apply to
this Agreement.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'>SECTION
1.02. <u>Other Defined Terms.</u>  As used in this Agreement, the
following terms have the meanings specified below:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-align:justify;text-indent:
1.0in;vertical-align:baseline'>“Credit Agreement” has the meaning assigned to
such term in the preliminary statement of this Agreement.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-align:justify;text-indent:
1.0in;vertical-align:baseline'>“Credit Parties” means (a) the Lenders,
(b) the Agents, (c) the Issuing Banks, (d) the beneficiaries of
the Borrower’s indemnification obligations under the Credit Agreement and
(e) the successors and assigns of each of the foregoing.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-align:justify;text-indent:
1.0in;vertical-align:baseline'>“Obligations” means the due and punctual payment
by the Borrower of (a) the principal of and interest (including interest
accruing during the pendency of any bankruptcy, insolvency, receivership or
other similar proceeding, regardless of whether allowed or allowable in such
proceeding) on the Loans, when and as due, whether at maturity, by
acceleration, upon one or more dates set for prepayment or otherwise, (b) each
payment required to be made by the Borrower under the Credit Agreement in
respect of any Letter of Credit, when and as due, including payments in respect
of reimbursement of disbursements, interest thereon (including interest
accruing during the pendency of any bankruptcy, insolvency, receivership or
other similar proceeding, regardless of whether allowed or allowable in such
proceeding) and obligations to provide cash collateral, and (c) all other
monetary obligations of the Borrower to any of the Credit Parties under the
Credit Agreement and each of the other Loan Documents, including obligations to
pay fees, expense reimbursement obligations and indemnification obligations,
whether primary, secondary, direct, contingent, fixed or otherwise (including
monetary obligations incurred during the pendency of any bankruptcy,
insolvency, receivership or other similar proceeding, regardless of whether
allowed or allowable in such proceeding).</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;
margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;
page-break-after:avoid;vertical-align:baseline'><a name="_Toc354492195">ARTICLE
II<br>
<br>
Guarantee</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492196">SECTION
2.01. <u>Guarantee.</u>  Parent unconditionally guarantees, as a primary
obligor and not merely as a surety, the due and punctual payment of the
Obligations.  Parent further agrees that the Obligations may be extended or
renewed, in whole or in part, without notice to or further assent from it, and
that it will remain bound upon its guarantee notwithstanding any extension or
renewal of any Obligation.  Parent waives presentment to, demand of payment
from and protest to the Borrower of any of the Obligations, and also waives
notice of acceptance of its guarantee and notice of protest for nonpayment.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492197">SECTION
2.02. <u>Guarantee of Payment.</u>  Parent further agrees that its
guarantee hereunder constitutes a guarantee of payment when due and not of
collection, and waives any right to require that any resort be had by the
Paying Agent or any other Credit Party to any security held for the payment of
the Obligations or to any balance of any deposit account or credit on the books
of the Paying Agent or any other Credit Party in favor of the Borrower or any
other Person.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492198">SECTION
2.03. <u>Limitations.</u>  </a>(a)  Except for termination of Parent’s
obligations hereunder as expressly provided in Section 4.10, the obligations of
Parent hereunder shall not be subject to any reduction, limitation, impairment
or termination for any reason, including any claim of waiver, release,
surrender, alteration or compromise, and shall not be subject to any defense or
set-off, counterclaim, recoupment or termination whatsoever by reason of the
invalidity, illegality or unenforceability of the Obligations or otherwise. 
Without limiting the generality of the foregoing, the obligations of Parent
hereunder shall not be discharged or impaired or otherwise affected by
(i) the failure of the Paying Agent or any other Credit Party to assert
any claim or demand or to enforce any right or remedy under the provisions of
any Loan Document or otherwise; (ii) any rescission, waiver, amendment or
modification of, or any release from any of the terms or provisions of, any
Loan Document or any other agreement; (iii) the release of any security
held by the Paying Agent or any other Credit Party for the Obligations or any
of them; (iv) any default, failure or delay, wilful or otherwise, in the
payment of the Obligations; or (v) any other act or omission that may or
might in any manner or to any extent vary the risk of Parent or otherwise
operate as a discharge of Parent as a matter of law or equity (other than the
payment in full in cash of all the Obligations).  Parent expressly authorizes
the Credit Parties to take and hold security for the payment and performance of
the Obligations, to exchange, waive or release any or all such security (with
or without consideration), to enforce or apply such security and direct the
order and manner of any sale thereof in their sole discretion or to release or
substitute any one or more other guarantors or obligors upon or in respect of
the Obligations, all without affecting the obligations of Parent hereunder.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:76.3pt;vertical-align:baseline'>(b)  To the fullest extent
permitted by applicable law, Parent waives any defense based on or arising out
of any defense of the Borrower or the unenforceability of the Obligations or
any part thereof from any cause, or the cessation from any cause of the
liability of the Borrower, other than the payment in full in cash of all the
Obligations.  The Paying Agent and the other Credit Parties may, at their
election, foreclose on any security held by one or more of them by one or more
judicial or nonjudicial sales, accept an assignment of any such security in
lieu of foreclosure, compromise or adjust any part of the Obligations, make any
other accommodation with the Borrower or exercise any other right or remedy
available to them against the Borrower, without affecting or impairing in any
way the liability of Parent hereunder except to the extent the Obligations have
been paid in full in cash.  To the fullest extent permitted by applicable law,
Parent waives any defense arising out of any such election even though such
election operates, pursuant to applicable law, to impair or to extinguish any
right of reimbursement or subrogation or other right or remedy of Parent
against the Borrower or any security.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492199">SECTION
2.04. <u>Reinstatement.</u>  Parent agrees that its guarantee hereunder
shall continue to be effective or be reinstated, as the case may be, if at any
time payment, or any part thereof, of any Obligation is rescinded or must
otherwise be restored by the Paying Agent or any other Credit Party upon the
bankruptcy or reorganization of the Borrower or otherwise.  The provisions of
this Section 2.04 shall survive any termination under Section 4.10.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492200">SECTION
2.05. <u>Agreement To Pay; Subrogation.</u>  In furtherance of the
foregoing and not in limitation of any other right that the Paying Agent or any
other Credit Party has at law or in equity against Parent by virtue hereof,
upon the failure of the Borrower to pay any Obligation when and as the same shall
become due, whether at maturity, by acceleration, after notice of prepayment or
otherwise, Parent hereby promises to and will forthwith pay, or cause to be
paid, to the Paying Agent for distribution to the applicable Credit Parties in
cash the amount of such unpaid Obligation.  Upon payment by Parent of any sums
to the Paying Agent as provided above, all rights of Parent against the
Borrower arising as a result thereof by way of right of subrogation,
contribution, reimbursement, indemnity or otherwise shall in all respects be
subject to Article III.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492201">SECTION
2.06. <u>Information.</u>  Parent assumes all responsibility for being
and keeping itself informed of the Borrower’s financial condition and assets,
and of all other circumstances bearing upon the risk of nonpayment of the
Obligations and the nature, scope and extent of the risks that Parent assumes
and incurs hereunder, and agrees that none of the Paying Agent or the other
Credit Parties will have any duty to advise Parent of information known to it
or any of them regarding such circumstances or risks.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;
margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;
page-break-after:avoid;vertical-align:baseline'><a name="_Toc354492202">ARTICLE
III<br>
<br>
Subordination</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492203">SECTION
3.01. <u>Subordination.</u>  Notwithstanding any provision of this
Agreement to the contrary, all rights of Parent in respect of indemnity,
contribution or subrogation under applicable law or otherwise, shall be fully subordinated
to the indefeasible payment in full in cash of the Obligations.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;
margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;
page-break-after:avoid;vertical-align:baseline'><a name="_Toc354492204">ARTICLE
IV<br>
<br>
Miscellaneous</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492205">SECTION
4.01. <u>Notices.</u>  All communications and notices hereunder shall
(except as otherwise expressly permitted herein) be in writing and given as
provided in Section 9.01 of the Credit Agreement.</a> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492206">SECTION
4.02. <u>Waivers; Amendment.</u>  </a>(a)  No failure or delay by any
Agent, any Issuing Bank or any Lender in exercising any right or power
hereunder or under the Credit Agreement shall operate as a waiver thereof, nor
shall any single or partial exercise of any such right or power, or any
abandonment or discontinuance of steps to enforce such a right or power,
preclude any other or further exercise thereof or the exercise of any other
right or power.  The rights and remedies of the Agents, the Issuing Banks and
the Lenders hereunder and under the Credit Agreement are cumulative and are not
exclusive of any rights or remedies that they would otherwise have.  No waiver
of any provision of this Agreement or consent to any departure by any Loan
Party therefrom shall in any event be effective unless the same shall be
permitted by paragraph (b) of this Section 4.02, and then such waiver or
consent shall be effective only in the specific instance and for the purpose
for which given.  Without limiting the generality of the foregoing, the making
of a Loan or issuance of a Letter of Credit shall not be construed as a waiver
of any Default, regardless of whether any Agent, any Lender or any Issuing Bank
may have had notice or knowledge of such Default at the time.  No notice or
demand on any Loan Party in any case shall entitle any Loan Party to any other
or further notice or demand in similar or other circumstances.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:76.5pt;vertical-align:baseline'>(b)  Neither this Agreement
nor any provision hereof may be waived, amended or modified except pursuant to
an agreement or agreements in writing entered into by the Paying Agent and the
Loan Party or Loan Parties with respect to which such waiver, amendment or
modification is to apply, subject to any consent required in accordance with
Section 9.02 of the Credit Agreement.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492207">SECTION
4.03. <u>Successors and Assigns.</u>  Whenever in this Agreement any
party hereto is referred to, such reference shall be deemed to include the
permitted successors and assigns of such party; and all covenants, promises and
agreements by or on behalf of Parent, the Borrower or the Paying Agent that are
contained in this Agreement shall bind and inure to the benefit of their
respective successors and assigns.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492208">SECTION
4.04. <u>Survival of Agreement.</u>  All covenants, agreements,
representations and warranties made by the Loan Parties in the Loan Documents
and in the certificates or other instruments prepared or delivered in
connection with or pursuant to this Agreement or any other Loan Document shall
be considered to have been relied upon by the Lenders and shall survive the
execution and delivery of the Loan Documents and the making of any Loans and
issuance of any Letters of Credit, regardless of any investigation made by any
Lender or on its behalf and notwithstanding that any Agent, any Issuing Bank or
any Lender may have had notice or knowledge of any Default or incorrect
representation or warranty at the time any credit is extended under the Credit
Agreement, and shall continue in full force and effect as long as the principal
of or any accrued interest on any Loan or any fee or any other amount payable
under any Loan Document is outstanding and unpaid or any Letter of Credit is
outstanding and so long as the Commitments have not expired or terminated.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492209">SECTION
4.05. <u>Counterparts; Effectiveness; Several Agreement.</u>  This Agreement
may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original but all of which when
taken together shall constitute a single contract.  Delivery of an executed
signature page to this Agreement by facsimile transmission shall be as
effective as delivery of a manually signed counterpart of this Agreement.  This
Agreement shall become effective when it shall have been executed by the Paying
Agent and when the Paying Agent shall have received counterparts hereof which,
when taken together, bear the signatures of each Loan Party, and thereafter
shall be binding upon each Loan Party and the Paying Agent, and shall inure to
the benefit of each Loan Party, the Paying Agent and the other Credit Parties
and their respective successors and assigns, except that no Loan Party shall
have the right to assign or transfer its rights or obligations hereunder or any
interest herein (and any such assignment or transfer shall be void) except as expressly
contemplated by this Agreement or the Credit Agreement.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492210">SECTION
4.06. <u>Severability.</u>  Any provision of this Agreement held to be
invalid, illegal or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality or
uneforceability without affecting the validity, legality and enforceability of
the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other
jurisdiction.  The parties shall endeavor in good‑faith negotiations to
replace the invalid, illegal or unenforceable provisions with valid provisions
the economic effect of which comes as close as possible to that of the invalid,
illegal or unenforceable provisions.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492211">SECTION
4.07. <u>Right of Set-Off.</u>  If an Event of Default shall have
occurred and be continuing, each Lender and each of its Affiliates is hereby
authorized at any time and from time to time, to the fullest extent permitted
by law, to set off and apply any and all deposits (general or special, time or
demand, provisional or final) at any time held and other obligations at any
time owing by such Lender or Affiliate to or for the credit or the account of
Parent against any of and all the obligations of Parent now or hereafter
existing under this Agreement owed to such Lender, irrespective of whether or
not any demand for payment thereof has been made under this Agreement and
although such obligations may be unmatured.  The rights of each Lender under
this Section 4.07 are in addition to other rights and remedies (including other
rights of set-off) which such Lender may have.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492212">SECTION
4.08. <u>Governing Law.</u>  This Agreement shall be construed in
accordance with and governed by the law of the State of New York.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492213">SECTION
4.09. <u>Headings.</u>  Article and Section headings and the Table of
Contents used herein are for convenience of reference only, are not part of
this Agreement and are not to affect the construction of, or to be taken into
consideration in interpreting, this Agreement.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in;text-align:justify;text-indent:1.0in;vertical-align:baseline'><a
name="_Toc354492214">SECTION
4.10. <u>Termination.</u>  Subject to Section 2.04, this Agreement and
the guarantee made herein shall terminate when the Commitments have terminated,
all the Obligations have been paid in full, the LC Exposure has been reduced to
zero and the Issuing Banks have no further obligations to issue Letters of
Credit under the Credit Agreement.</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-align:center;
vertical-align:baseline'><a name="_Toc354053298">[Remainder of page
intentionally left blank]</a></p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection20;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-indent:1.0in;vertical-align:
baseline'>IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the day and year first above written.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-indent:1.0in;vertical-align:
baseline'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-indent:1.0in;vertical-align:
baseline'> </p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:3.0in;border-collapse:collapse'>
 <tr>
  <td width=350 colspan=2 valign=top style='width:3.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;vertical-align:baseline'>MACY’s, INC.,</p>
  </td>
 </tr>
 <tr>
  <td width=350 colspan=2 valign=top style='width:3.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'>By</p>
  </td>
 </tr>
 <tr>
  <td width=55 valign=top style='width:41.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'> </p>
  </td>
  <td width=295 valign=top style='width:221.4pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;vertical-align:baseline'> </p>
  </td>
 </tr>
 <tr>
  <td width=55 valign=top style='width:41.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'> </p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;vertical-align:baseline'>Name: 
  Karen M. Hoguet</p>
  </td>
 </tr>
 <tr>
  <td width=55 valign=top style='width:41.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'> </p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;vertical-align:baseline'>Title:
  Chief Financial Officer</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;vertical-align:baseline'> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;vertical-align:baseline'> </p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:3.0in;border-collapse:collapse'>
 <tr>
  <td width=302 colspan=2 valign=top style='width:226.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;vertical-align:baseline'>MACY’S
  RETAIL HOLDINGS, INC.,</p>
  </td>
 </tr>
 <tr>
  <td width=302 colspan=2 valign=top style='width:226.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'>By</p>
  </td>
 </tr>
 <tr>
  <td width=52 valign=top style='width:38.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'> </p>
  </td>
  <td width=250 valign=top style='width:187.65pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;vertical-align:baseline'> </p>
  </td>
 </tr>
 <tr>
  <td width=52 valign=top style='width:38.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'> </p>
  </td>
  <td width=250 valign=top style='width:187.65pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;vertical-align:baseline'>Name: 
  Karen M. Hoguet</p>
  </td>
 </tr>
 <tr>
  <td width=52 valign=top style='width:38.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'> </p>
  </td>
  <td width=250 valign=top style='width:187.65pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;vertical-align:baseline'>Title:  
  Vice President</p>
  </td>
 </tr>
 <tr>
  <td width=52 valign=top style='width:38.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'> </p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'> </p>
  </td>
  <td width=250 valign=top style='width:187.65pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;vertical-align:baseline'> </p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;line-height:18.0pt;vertical-align:
baseline'> </p>

<br
clear=all style='page-break-before:always'>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;line-height:18.0pt;vertical-align:
baseline'> </p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:3.0in;border-collapse:collapse'>
 <tr>
  <td width=302 colspan=2 valign=top style='width:3.15in;padding:0in 5.4pt 0in 5.4pt'><u><br clear=all
  style='page-break-before:always'>
  </u>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-align:justify;vertical-align:
  baseline'> </p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;vertical-align:baseline'>JPMORGAN CHASE BANK, N.A., as<br>
  PAYING Agent,</p>
  </td>
 </tr>
 <tr>
  <td width=302 colspan=2 valign=top style='width:3.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'>By</p>
  </td>
 </tr>
 <tr>
  <td width=48 valign=top style='width:36.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'> </p>
  </td>
  <td width=254 valign=top style='width:190.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;vertical-align:baseline'> </p>
  </td>
 </tr>
 <tr>
  <td width=48 valign=top style='width:36.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'> </p>
  </td>
  <td width=254 valign=top style='width:190.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;vertical-align:baseline'>Name:</p>
  </td>
 </tr>
 <tr>
  <td width=48 valign=top style='width:36.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:justify;vertical-align:
  baseline'> </p>
  </td>
  <td width=254 valign=top style='width:190.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;vertical-align:baseline'>Title:</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt;text-align:center;
vertical-align:baseline'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection21;'>

<p style='mso-style-name:TITLE;margin-top:0in;margin-right:0in;margin-bottom:11.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>[FORM OF]</p>

<p style='mso-style-name:TITLE;margin-top:0in;margin-right:0in;margin-bottom:11.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>U.S. TAX CERTIFICATE</p>

<p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";'>(For Non-U.S. Lenders That Are Not Partnerships For
U.S. Federal Income Tax Purposes)</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Reference is hereby made to the Credit
Agreement dated as of May 10, 2013 (as amended, supplemented or otherwise
modified from time to time, the “<u>Credit Agreement</u>”), among Macy’s Inc.,
a Delaware corporation (“<u>Parent</u>”), Macy’s Retail Holdings, Inc., a New
York corporation (the “<u>Borrower</u>”), the Lenders from time to time party
thereto, Bank of America, N.A. and JPMorgan Chase Bank, N.A., as Administrative
Agents, and JPMorgan Chase Bank, N.A., as Paying Agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Pursuant to the provisions of Section 2.17
of the Credit Agreement, the undersigned hereby certifies that (i) it is
the sole record and beneficial owner of the Loan(s) (as well as any Note(s)
evidencing such Loan(s)) in respect of which it is providing this certificate,
(ii) it is not a bank within the meaning of Section 881(c)(3)(A) of
the Code, (iii) it is not a ten percent shareholder of the Borrower within
the meaning of Section 881(c)(3)(B) of the Code, (iv) it is not a
controlled foreign corporation related to the Borrower as described in
Section 881(c)(3)(C) of the Code and (v) the interest payments in
question are not effectively connected with the undersigned’s conduct of a
U.S. trade or business.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The undersigned has furnished the Administrative
Agent and the Borrower with a certificate of its non-U.S. person status on
IRS Form W-8BEN.  By executing this certificate, the undersigned agrees
that (1) if the information provided on this certificate changes, the
undersigned shall promptly so inform the Borrower and the Administrative Agent
and (2) the undersigned shall have at all times furnished the Borrower and
the Administrative Agent with a properly completed and currently effective
certificate in either the calendar year in which each payment is to be made to
the undersigned, or in either of the two calendar years preceding such
payments.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:22.0pt'>Unless otherwise
defined herein, terms defined in the Credit Agreement and used herein shall
have the meanings given to them in the Credit Agreement.</p>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:22.0pt'>[NAME OF LENDER]</p>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>By:______________________________________<br>
       Name:<br>
       Title:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:11.0pt'>Date: ________ __, 20[  ]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:11.0pt'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection22;'>

<p style='mso-style-name:TITLE;margin-top:0in;margin-right:0in;margin-bottom:11.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>[FORM OF]</p>

<p style='mso-style-name:TITLE;margin-top:0in;margin-right:0in;margin-bottom:11.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;margin-bottom:0in;margin-bottom:.0001pt'>U.S. TAX
CERTIFICATE</p>

<p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";'>(For Non-U.S. Lenders That Are Partnerships For
U.S. Federal Income Tax Purposes)</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Reference is hereby made to the Credit Agreement
dated as of May 10, 2013 (as amended, supplemented or otherwise modified from
time to time, the “<u>Credit Agreement</u>”), among Macy’s Inc., a Delaware
corporation (“<u>Parent</u>”), Macy’s Retail Holdings, Inc., a New York
corporation (the “<u>Borrower</u>”), the Lenders from time to time party
thereto, Bank of America, N.A. and JPMorgan Chase Bank, N.A., as Administrative
Agents, and JPMorgan Chase Bank, N.A., as Paying Agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Pursuant to the provisions of Section 2.17
of the Credit Agreement, the undersigned hereby certifies that (i) it is
the sole record owner of the Loan(s) (as well as any Note(s) evidencing such
Loan(s)) in respect of which it is providing this certificate, (ii) its
partners/members are the sole beneficial owners of such Loan(s) (as well as any
Note(s) evidencing such Loan(s)), (iii) with respect to the extension of
credit pursuant to this Credit Agreement or any other Loan Document, neither
the undersigned nor any of its partners/members is a bank extending credit
pursuant to a loan agreement entered into in the ordinary course of its trade
or business within the meaning of Section 881(c)(3)(A) of the Code,
(iv) none of its partners/members is a ten percent shareholder of the
Borrower within the meaning of Section 881(c)(3)(B) of the Code,
(v) none of its partners/members is a controlled foreign corporation
related to the Borrower as described in Section 881(c)(3)(C) of the Code,
and (vi) the interest payments in question are not effectively connected
with the undersigned’s or its partners/members’ conduct of a U.S. trade or
business.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The undersigned has furnished the
Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by
an IRS Form W-8BEN from each of its partners/members claiming the
portfolio interest exemption.  By executing this certificate, the undersigned
agrees that (1) if the information provided on this certificate changes,
the undersigned shall promptly so inform the Borrower and the Administrative
Agent and (2) the undersigned shall have at all times furnished the Borrower
and the Administrative Agent with a properly completed and currently effective
certificate in either the calendar year in which each payment is to be made to
the undersigned, or in either of the two calendar years preceding such
payments.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:33.0pt'>Unless otherwise
defined herein, terms defined in the Credit Agreement and used herein shall
have the meanings given to them in the Credit Agreement.</p>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:22.0pt'>[NAME OF LENDER]</p>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>By:______________________________________<br>
       Name:<br>
       Title:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:11.0pt'>Date: ________ __, 20[  ]</p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection23;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'> </p>

<p style='mso-style-name:TITLE;margin-top:0in;margin-right:0in;margin-bottom:11.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>[FORM OF]</p>

<p style='mso-style-name:TITLE;margin-top:0in;margin-right:0in;margin-bottom:11.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;margin-bottom:0in;margin-bottom:.0001pt'>U.S. TAX
CERTIFICATE</p>

<p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";'>(For Non-U.S. Participants That Are Not Partnerships For
U.S. Federal Income Tax Purposes)</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Reference is hereby made to the Credit
Agreement dated as of May 10, 2013 (as amended, supplemented or otherwise
modified from time to time, the “<u>Credit Agreement</u>”), among Macy’s Inc.,
a Delaware corporation (“<u>Parent</u>”), Macy’s Retail Holdings, Inc., a New
York corporation (the “<u>Borrower</u>”), the Lenders from time to time party
thereto, Bank of America, N.A. and JPMorgan Chase Bank, N.A., as Administrative
Agents, and JPMorgan Chase Bank, N.A., as Paying Agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Pursuant to the provisions of Section 2.17
of the Credit Agreement, the undersigned hereby certifies that (i) it is
the sole record and beneficial owner of the participation in respect of which
it is providing this certificate, (ii) it is not a bank within the meaning
of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent
shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of
the Code, (iv) it is not a controlled foreign corporation related to the
Borrower as described in Section 881(c)(3)(C) of the Code, and
(v) the interest payments in question are not effectively connected with
the undersigned’s conduct of a U.S. trade or business.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The undersigned has furnished its participating
Lender with a certificate of its non-U.S. person status on IRS Form
W-8BEN.  By executing this certificate, the undersigned agrees that (1) if
the information provided on this certificate changes, the undersigned shall
promptly so inform such Lender in writing and (2) the undersigned shall
have at all times furnished such Lender with a properly completed and currently
effective certificate in either the calendar year in which each payment is to
be made to the undersigned, or in either of the two calendar years preceding
such payments.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Unless otherwise defined herein, terms defined
in the Credit Agreement and used herein shall have the meanings given to them
in the Credit Agreement.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:22.0pt'>[NAME OF LENDER]</p>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>By:______________________________________<br>
       Name:<br>
       Title:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:11.0pt'>Date: ________ __, 20[  ]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:11.0pt'> </p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection24;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'> </p>

<p style='mso-style-name:TITLE;margin-top:0in;margin-right:0in;margin-bottom:11.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>[FORM OF]</p>

<p style='mso-style-name:TITLE;margin-top:0in;margin-right:0in;margin-bottom:11.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;margin-bottom:0in;margin-bottom:.0001pt'>U.S. TAX
CERTIFICATE</p>

<p style='mso-style-name:Title5;margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";'>(For Non-U.S. Participants That Are Partnerships For
U.S. Federal Income Tax Purposes)</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Reference is hereby made to the Credit
Agreement dated as of May 10, 2013 (as amended, supplemented or otherwise
modified from time to time, the “<u>Credit Agreement</u>”), among Macy’s Inc.,
a Delaware corporation (“<u>Parent</u>”), Macy’s Retail Holdings, Inc., a New
York corporation (the “<u>Borrower</u>”), the Lenders from time to time party
thereto, Bank of America, N.A. and JPMorgan Chase Bank, N.A., as Administrative
Agents, and JPMorgan Chase Bank, N.A., as Paying Agent.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Pursuant to the provisions of Section 2.17
of the Credit Agreement, the undersigned hereby certifies that (i) it is
the sole record owner of the participation in respect of which it is providing
this certificate, (ii) its partners/members are the sole beneficial owners
of such participation, (iii) with respect such participation, neither the
undersigned nor any of its partners/members is a bank extending credit pursuant
to a loan agreement entered into in the ordinary course of its trade or
business within the meaning of Section 881(c)(3)(A) of the Code,
(iv) none of its partners/members is a ten percent shareholder of the
Borrower within the meaning of Section 881(c)(3)(B) of the Code,
(v) none of its partners/members is a controlled foreign corporation
related to the Borrower as described in Section 881(c)(3)(C) of the Code,
and (vi) the interest payments in question are not effectively connected
with the undersigned’s or its partners/members’ conduct of a U.S. trade or
business.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The undersigned has furnished its participating
Lender with IRS Form W-8IMY accompanied by an IRS Form W-8BEN from
each of its partners/members claiming the portfolio interest exemption.  By
executing this certificate, the undersigned agrees that (1) if the
information provided on this certificate changes, the undersigned shall
promptly so inform such Lender and (2) the undersigned shall have at all
times furnished such Lender with a properly completed and currently effective
certificate in either the calendar year in which each payment is to be made to
the undersigned, or in either of the two calendar years preceding such
payments.</p>

<p style='mso-style-name:"Body Text First Indent\,A_RecoveredStyle 289";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Unless otherwise defined herein, terms defined
in the Credit Agreement and used herein shall have the meanings given to them
in the Credit Agreement.</p>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:22.0pt'>[NAME OF PARTICIPANT]</p>

<p style='mso-style-name:"Body Text No Indent";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>By:______________________________________<br>
       Name:<br>
       Title:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:11.0pt'>Date: ________ __, 20[  ]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'> </p>

</div>

</body>

</html>