Document:

AMENDMENT NO

EXECUTION COPY

AMENDMENT NO. 4

TO THE

AMENDED AND RESTATED CREDIT CARD PROGRAM AGREEMENT

    This AMENDMENT NO. 4 to the Amended and Restated Credit Card Program Agreement, dated as of June 4, 1996, as amended by Amendment No. 1 dated as of June 4, 1996, Amendment No. 2 dated as of January 31, 1997 and Amendment No. 3 dated as of March 1, 1997 (the "Program Agreement") is made as of this, 22nd day of July, 1998 by and among GE Capital Consumer Card Co. ("GE Bank"), Federated Department Stores, Inc. ("FDS"), FDS National Bank ("FDS Bank"), Macy's East, Inc. ("Macy's East"), Macy's West, Inc. ("Macy's West"), Bullock's, Inc. ("Bullock's"), Broadway Stores, Inc. ("Broadway"), FACS Group, Inc. ("FACS") and MSS-Delaware, Inc. ("MSS").

    NOW, THEREFORE, in consideration of the mutual agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency are hereby acknowledged, the parties hereby agree to amend the Program Agreement as follows:

        SECTION 1. Amendments.
(a)Section 1.1 of the Program Agreement is hereby amended by deleting the definition of "Authorized FDS Person" in its entirety and replacing it with the following:
"Authorized FDS Person" means the senior vice president-credit operations, or senior vice president-credit services, as agent for FDS Bank and as designated by FDS Bank from time to time, or such other person as may be designated in writing by any such senior vice president from time to time."

(b)Section 1.1 of the Program Agreement is hereby amended by deleting the definition of "Net Write-Offs" in its entirety and replacing it with the following:
"Net Write-Offs" means as of January 1, 1998, with respect to any period, (a) the aggregate GE/Macy's Account Balances written off as losses during such period, minus (b) any unpaid finance charges and fees (other than agency and attorney's fees) on such Account Balances during such period, minus (c) the aggregate amount recovered with respect to previously written-off GE/Macy's Account Balances (net of finance charge and fee recoveries) during such period, including the aggregate amount of any sales tax refunds, rebates, credits or deductions received with respect to previously written-off GE/Macy's Account Balances."

        SECTION 2. Effect of Amendment.  Except as specifically amended hereby, the Program Agreement, and all terms contained therein, shall remain in full force and effect.

        SECTION 3. Binding Effect: Severability.  Each reference herein to a party hereto shall be deemed to include its successors and assigns, all of whom shall be bound by this Amendment and in whose favor the provisions of this Amendment shall inure.  In the event any one or more of the provisions contained in this Amendment shall be declared invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.

        SECTION 4. Governing Law.  This Amendment shall be governed by and construed in accordance with the laws of the State of New York.

        SECTION 5. Counterparts.  This Amendment may be executed in separate counterparts, each of which shall constitute an original, but all of which when taken together shall constitute but one agreement.

    IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly authorized officers, as of the date first above written.
GE CAPITAL CONSUMER CARD CO.

By: /s/ Craig P. Vallerano

Name:Craig P. Vallerano

Title:EVP

 

FEDERATED DEPARTMENT STORES, INC.

By: /s/ John R. Sims

Name:John R. Sims

Title:Vice President

 

FDS NATIONAL BANK

By: /s/ Susan R. Robinson

Name:Susan R. Robinson

Title:Treasurer

 

MACY'S EAST, INC.

By: /s/ John R. Sims

Name:John R. Sims

Title:Vice President

 

MACY'S WEST, INC.

By: /s/ John R. Sims

Name:John R. Sims

Title:Vice President

 

BULLOCK'S, INC.

By: /s/ John R. Sims

Name:John R. Sims

Title:Vice President

 

BROADWAY STORES, INC.

By: /s/ John R. Sims

Name:John R. Sims

Title:Vice President

 

FACS GROUP, INC.

By: /s/ John R. Sims

Name:John R. Sims

Title:Vice President

 

MSS-DELAWARE, INC.

By: /s/ John R. Sims

Name:John R. Sims

Title:Vice PresidentAMENDMENT NO

AMENDMENT NO. 5

TO THE

AMENDED AND RESTATED CREDIT CARD PROGRAM AGREEMENT

    This AMENDMENT NO. 5 to the Amended and Restated Credit Card Program Agreement dated as of June 4, 1996, as amended by Amendment No. 1 dated as of June 4, 1996, Amendment No. 2 dated as of January 31, 1997, Amendment No. 3 dated as of March 1, 1997 and Amendment No. 4 dated as of July 22, 1998 (the "Program Agreement") by and among GE Capital Consumer Card Co. ("GE Bank"), Federated Department Stores, Inc. ("FDS"), FDS National Bank ("FDS Bank"), Macy's East, Inc. ("Macy's East"), Macy's West, Inc. ("Macy's West"), Bullock's, Inc. ("Bullock's"), Broadway Stores, Inc. ("Broadway"), FACS Group, Inc. ("FACS") and MSS-Delaware, Inc. ("MSS").

    Capitalized terms used herein and not otherwise defined have the meaning given in the Agreement.

    WHEREAS, the parties desire to permit employees of FDS to cross shop in all FDS stores, using special employee credit cards.

    NOW, THEREFORE, in consideration of the mutual promises and subject to the terms and conditions hereinafter set forth, the parties hereby agree as follows:

	
  AMENDMENTS TO THE AGREEMENT

1.New Section 9.12.  The following new Section 9.12 is hereby added to the Agreement:

    9.12. Employee Cross Shopping.  Notwithstanding any provision in the Program Agreement to the contrary, for the sole purpose of permitting employees of FDS and all its subsidiaries to cross shop in all FDS stores, including websites and catalogues, the parties hereby agree that both GE Bank and FDS Bank may issue special employee credit cards.  The parties further agree that whenever any employee who holds a GE/Macy's or an FDS/Macy's Account uses the employee credit card in any of the FDS stores, any purchases in these stores shall be charged to the employee's GE/Macy's Account, the FDS/Macy's Account or the employee's FDS/Visa account, as the case may be.  The parties also agree that whenever any employee who holds a non-Macy's FDS account uses the employee credit card at any of the Retailer's stores, such purchases will be charged to the employee's FDS account.  Without limiting the generality of the foregoing, the parties agree that any charge made by an employee and applied to a GE/Macy's Account will be subject to the same rights, obligations, procedures and rules as any other charge made and applied to a GE/Macy's Account.

	
  GENERAL

	Authority for Amendment.  The execution, delivery and performance of this Amendment has been duly authorized by all requisite corporate action on the part of FDS, FDS Bank, Macy's East, Macy's West, Inc., Bullocks, FACS and MSS and Bank upon execution by all parties, will constitute a legal, binding obligation thereof.

	Effect of Amendment.  Except as specifically amended herby, the Agreement, and all terms contained therein, remains in full force and effect.  The Agreement, as amended by this Amendment, constitutes the entire understanding of the parties with respect to the subject matter hereof.

	Binding Effect; Severability.  Each reference herein to a party hereto shall be deemed to include its successors and assigns, all of whom shall be bound by this Amendment and in whose favor the provisions of this Amendment shall inure.  In case any one or more of the provisions contained in this Amendment shall be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.

	Further Assurances.  The parties hereto agree to execute such other documents and instruments and to do such other and further things as may be necessary or desirable for the execution and implementation of this amendment and the consummation of the transactions contemplated hereby and thereby.

	Governing Law.  This Amendment shall be governed by and construed in accordance with the Laws of the State of New York, without giving effect to the principles of conflicts of law thereof.

	Counterparts.  This Amendment may be executed in counterparts, each of which shall constitute an original, but all of which, when taken together, shall constitute but one agreement.

	Effective Date.  Upon the execution and delivery of this Fifth Amendment by each party hereto, this Fifth Amendment shall be effective as of the day and year first above written.

    IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly authorized officers, all as of the day and year first above written.

	
GE Capital Consumer Card Co.
	
Federated Department Stores, Inc.

	 	 
	
By: /s/ William Ellingwood
	
By: /s/ Dennis J. Broderick

	
Name:William Ellingwood
	
Name:Dennis J. Broderick

	
Title:President
	

Title:Senior Vice President, Secretary and General Counsel

	 	 
	 	 
	
FDS Bank (formerly known as FDS National Bank)
	
Macy's East, Inc.

	 	 
	
By: /s/ Ellen R. Dugan
	
By: /s/ Dennis J. Broderick

	
Name:Ellen R. Dugan
	
Name:Dennis J. Broderick

	
Title:Secretary
	

Title:Vice President

	 	 
	 	 
	
Macy's West, Inc.
	

Bullock's, Inc. - merged into Broad Stores, Inc. 1/31/99

	 	 
	
By: /s/ /Richard C. Fiddes
	
By:

	
Name:Richard C. Fiddes
	
Name:

	
Title:Vice President and Secretary
	

Title:

	 	 
	 	 
	
Broadway Stores, Inc.
	
FACS Group, Inc.

	 	 
	
By: /s/ Dennis J. Broderick
	
By: /s/ Dennis J. Broderick

	
Name:Dennis J. Broderick
	
Name:Dennis J. Broderick

	

Title:President

	

Title:Vice President

	 	 
	 	 
	
MSS-Delaware, Inc. - sold 7/31/98
	 
	 	 
	
By:
	 
	
Name:
	 
	

Title:Privileged & Confidential

Execution Copy

[Conformed 3/3/04]

 

SIXTH AMENDMENT TO AMENDED AND RESTATED CREDIT CARD PROGRAM AGREEMENT

    This Sixth Amendment to Amended and Restated Credit Card Program Agreement (the "Amendment"), dated as of February 23, 2004, is entered into by and among Federated Department Stores, Inc. ("FDS"), FDS Bank, FACS Group, Inc., Macy's East, Inc., Macy's West, Inc., Broadway Stores, Inc. (for itself and as successor in interest to Bullock's, Inc.), and GE Capital Consumer Card company ("GE Bank") in the following circumstances:

(a)The parties hereto are parties to the Amended and Restated Credit Card Program Agreement, dated as of June 4, 1996 (the "Agreement");

(b)Section 11.1 of the Agreement specifies the length of the Initial Term of the Agreement, and the manner in which either FDS, on the one hand, or GE Bank, on the other hand, may elect to terminate the Agreement at the expiration of the Initial Term; and

(c)The parties hereto wish to amend the provisions of Section 11.1 of the Agreement for their mutual benefit.  

    (Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement).

    NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

        1. Section 11.1 (b) is hereby amended by deleting it in its entirety and substituting the following therefor:

"In order to be effective, any notice of an election to terminate this Agreement at the expiration of the Initial Term must be delivered at least one (1) year, but not more than three (3) years, prior to the expiration of the Initial Term.  In order to be effective, any notice of an election to terminate this Agreement at the expiration of any Extended Term must be delivered at least one (1) year prior to the expiration of the Extended Term.  For example, in order to terminate this Agreement at the end of the Initial Term (i.e. as of close of business on April 30, 2006), notice must be delivered on or after April 30, 2003 and on or prior to April 30, 2005.  In order to terminate this Agreement at the end of any Extended Term, notice must be delivered not later than the first day of such Extended Term.

        2. Notwithstanding anything to the contrary contained in the Agreement, including all amendments, modifications, supplements, annexes, exhibits and schedules thereto (collectively, the "Ancillary Agreements"), following the effective date of this Amendment, either GE Bank, on the one hand, or FDS, on the other hand, may elect to terminate the Agreement at the expiration of the Initial Term by delivering a notice of its election to terminate the Agreement in the manner specified in Section 1 of this Amendment, and such notice shall have the effect and consequence under any provision of the Agreement or any Ancillary Agreement of terminating the Agreement as of the last day of the Initial Term.

3.Except as otherwise amended hereby, the Agreement shall remain unchanged and in full force and effect.

4.The validity, performance and enforcement of this Amendment shall be governed by the laws of the State of New York, without giving effect to the principles of conflicts of law thereof.

5.This Amendment may be executed in any number of counterparts, each of which, when executed, shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have entered into this Amendment as of the day and year first above written.

 
GE CAPITAL CONSUMER CARD CO.

By:   /s/ William Ellingway

Name: William Ellingway

Title: President

 

FDS BANK

 

By: /s/ Susan R. Robinson

Name: Susan R. Robinson

Title: Treasurer

 
FEDERATED DEPARTMENT STORES, INC.

 

By: /s/ Dennis J. Broderick

Name: Dennis J. Broderick

Title: Senior Vice President, General Counsel, Secretary

FACS GROUP, INC.

 

By: /s/ Dennis J. Broderick

Name: Dennis J. Broderick

Title: Vice President

MACY'S EAST, INC.

By: /s/ Dennis J. Broderick

Name: Dennis J. Broderick

Title: Vice President

 

MACY'S WEST, INC.

By: /s/ Richard C. Fiddes

Name: Richard C. Fiddes

Title: Vice President and Secretary

BROADWAY STORES, INC. (for itself and as successor in interest to Bullock's, Inc.)

 

By: /s/ Dennis J. Broderick

Name: Dennis J. Broderick

Title: President

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