Document:

FEDERATED DEPARTMENT STORES, INC

EXHIBIT 10.10

Federated Retail Holdings, Inc.

(f/k/a The May Department Stores Company, a New York corporation),

Federated Department Stores, Inc.

(successor to The May Department Stores Company, a Delaware corporation)

and

J.P. Morgan Trust Company, National Association, Trustee

First Supplemental Trust Indenture

Dated as of August 30, 2005

Supplementing that certain

Indenture

among

The May Department Stores Company,

a New York corporation,

The May Department Stores Company,

a Delaware corporation,

and

J.P. Morgan Trust Company, National Association, Trustee

Dated as of July 20, 2004

Evidencing the Succession of Federated Department Stores, Inc. to

The May Department Stores Company, a Delaware corporation,

and the Assumption by Federated Department Stores, Inc. of

the obligations and covenants of The May Department Stores Company,

a Delaware corporation, under the Indenture and the Securities

First supplemental trust indenture

FIRST SUPPLEMENTAL TRUST INDENTURE, dated as of August 30, 2005, by and among Federated Retail Holdings, Inc. (f/k/a The May Department Stores Company ("May New York")), a corporation duly organized and existing under the laws of the State of New York ("Federated Holdings"), Federated Department Stores, Inc. (as successor to The May Department Stores Company, a Delaware corporation ("May Delaware")), a corporation duly organized and existing under the laws of the State of Delaware ("Federated"), and J.P. Morgan Trust Company, National Association, as Trustee ("Trustee"), supplementing that certain Indenture, dated as of July 20, 2004, among May New York, May Delaware and Trustee (the "Indenture").

RECITALS:

A.Pursuant to Section 8.01 of the Indenture, May Delaware is not permitted to merge with any other corporation unless, among other things, such successor Person expressly assumes, in the form of a supplemental indenture, all of the obligations and covenants of May Delaware under the Indenture and the Securities.

B.Pursuant to the Agreement and Plan of Merger, dated as of February 27, 2005, among Federated, Milan Acquisition LLC, a Delaware limited liability company and wholly owned subsidiary of Federated ("Merger Sub"), and May Delaware, May Delaware merged with and into Merger Sub (the "Merger").  Immediately following the Merger, Merger Sub merged with and into Federated.

C.Pursuant to Section 9.01 of the Indenture, Federated Holdings, Federated (as successor to May Delaware) and Trustee are entering into this Supplemental Indenture, without the consent of any Holders, to evidence the succession of Federated to May Delaware and the assumption by Federated of all of the obligations and covenants of May Delaware under the Indenture and in the Securities.

D.Unless otherwise defined, all capitalized terms used herein that are defined in the Indenture shall have the respective meanings assigned to them in the Indenture.

Now, Therefore, This Supplemental Indenture Witnesseth:

In order to evidence the succession of Federated to May Delaware and the assumption by Federated of all of the obligations and covenants of May Delaware under the Indenture and the Securities, it is mutually agreed as follows:

ARTICLE I.  SUCCESSION AND ASSUMPTION OF OBLIGATIONS.

Section 1.1. - Succession and Assumption of Obligations.

Effective as of the date hereof, Federated hereby (a) succeeds to, is substituted for and may exercise every right and power of May Delaware under the Indenture with the same effect as if Federated had been named as Guarantor in the Indenture, and (b) assumes all of the obligations of May Delaware under the Indenture and the Securities, including all covenants of May Delaware contained in the Indenture, the Securities and the Guarantees, as the case may be.

ARTICLE II.  MISCELLANEOUS.

Section 2.1. - Reference to and Effect on the Indenture.

This Supplemental Indenture shall be construed as supplemental to the Indenture and all of the terms and conditions of this Supplemental Indenture shall be deemed to be part of the terms and conditions of the Indenture.  Except as set forth herein, the Indenture heretofore executed and delivered is hereby (a) incorporated by reference in this Supplemental Indenture and (b) ratified, confirmed and approved.

Section 2.2. - Supplemental Indenture May be Executed in Counterparts.

This instrument may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument.

Section 2.3. - Effect of Headings.

The Article and Section headings herein are for convenience only and shall not affect the construction hereof.

IN WITNESSETH WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the day and year first above written.

	
[Seal]

 

Attest:

Name:Christopher M. Kelly

Title:Associate Counsel

	
FEDERATED DEPARTMENT STORES, INC.

By:/s/ Dennis J. Broderick

Name: Dennis J. Broderick

Title: Senior Vice President, General Counsel and Secretary

	
[Seal]

 

Attest:

Name:Christopher M. Kelly

Title:Associate Counsel
	
FEDERATED RETAIL HOLDINGS, INC.

By:/s/ Brian M. Szames

Name: Brian M. Szames

Title: Vice President and Treasurer

	
 

 

 

Attest:

Name:Janice Ott Rotunno

Title:Vice President

	
J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee

By:/s/ Renee Johnson

Name: Renee Johnson

Title: Vice President

 

 

STATE OF OHIO

COUNTY OF HAMILTON

On this 30th day of August 2005, before me personally came Dennis J. Broderick, to me known, who, being by me duly sworn, did depose and say that he/she is a Senior Vice President, General Counsel and Secretary of FEDERATED DEPARTMENT STORES, INC., one of the entities described in and which executed the above instrument; that he/she knows the seal of said entity; that the seal or a facsimile thereof affixed to said instrument in such seal; that it was so affixed by authority of the Board of Directors of said entity, and that he/she signed his/her name thereto by like authority.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
	

/s/ Dianne M. Webber

	
Notary Public, State of Ohio

	

My Commission Expires:  November 17, 2007

STATE OF OHIO

COUNTY OF HAMILTON

On this 30th day of August 2005, before me personally came Brian M. Szames, to me known, who, being by me duly sworn, did depose and say that he/she is a Vice President and Treasurer of FEDERATED RETAIL HOLDINGS, INC., one of the entities described in and which executed the above instrument; that he/she knows the seal of said entity; that the seal or a facsimile thereof affixed to said instrument in such seal; that it was so affixed by authority of the Board of Directors of said entity, and that he/she signed his/her name thereto by like authority.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
	

/s/ Dianne M. Webber

	
Notary Public, State of Ohio

	

My Commission Expires:  November 17, 2007

STATE OF ILLINOIS

COUNTY OF COOK

On this 30th day of August 2005, before me personally came Renee Johnson, to me known, who, being by me duly sworn, did depose and say that he/she is a Vice President of J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION, one of the entities described in and which executed the above instrument, and that he/she signed his/her name thereto by the authority of the Board of Directors of said entity.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
	

/s/ Rebekah S. Cole

	
Notary Public, State of Illinois

	

My Commission Expires:  February 27, 2007GUARANTEE OF SECURITIES

EXHIBIT 10.11

GUARANTEE OF SECURITIES

by

Federated Department Stores, Inc.,

a Delaware corporation,

relating to the

Indenture

between

Federated Retail Holdings, Inc.

(f/k/a The May Department Stores Company,

successor to Associated Dry Goods Corporation)

and

J.P. Morgan Trust Company, National Association

(successor to Chemical Bank),

Trustee

Dated as of October 1, 1984

(the "Indenture")

For good and valuable consideration, receipt of which is hereby acknowledged, and intending to be legally bound hereby, Federated Department Stores, Inc., a Delaware corporation ("Federated" or the "Guarantor"), hereby, under the terms of this guarantee (the "Guarantee"), unconditionally guarantees to each Holder (as defined in the Indenture) of a Security of any series (as defined in the Indenture), authenticated and delivered by the Trustee (as defined in the Indenture), the due and punctual payment of the principal of, sinking fund payment, if any, premium, if any, and interest on, and any Redemption Price (as defined in the Indenture) with respect to such Security, when and as the same shall become due and payable, whether at maturity, upon acceleration or redemption or otherwise, in accordance with the terms of such Security and of the Indenture.

The Guarantor agrees to determine, at least one Business Day (as defined in the Indenture) prior to the date upon which a payment of principal of, sinking fund payment, if any, premium, if any, and interest on such Security, and any Redemption Price with respect to such Security, is due and payable, whether Federated Retail Holdings, Inc., a New York corporation ("Federated Holdings"), has available the funds to make such payment as the same shall become due and payable.  In case of the failure of Federated Holdings to punctually pay any such principal of, sinking fund payment, if any, premium, if any, and interest on, or any Redemption Price with respect to, such Security, the Guarantor hereby agrees to cause any such payment to be made punctually when and as the same shall become due and payable, whether at maturity, upon acceleration or redemption, or otherwise, and as if such payment were made by Federated Holdings.

The Guarantor hereby agrees that its obligations hereunder shall be as principal and not merely as surety, and shall be unconditional, irrevocable and absolute, irrespective of, and shall be unaffected by, any invalidity, irregularity or unenforceability of such Security or such Indenture, any failure to enforce the provisions of such Security or such Indenture, or any waiver, modification, consent or indulgence granted to Federated Holdings with respect thereto (unless the same shall also be provided to the Guarantor), by the Holder of such Security or the Trustee with respect to any provisions thereof, the recovery of any judgment against Federated Holdings or any action to enforce the same, or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a surety or of a guarantor.  The Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of merger, insolvency or bankruptcy of Federated Holdings, any right to require a proceeding first against Federated Holdings, protest or notice with respect to any such Security or the indebtedness evidenced thereby, and all demands whatsoever and covenants that this Guarantee will not be discharged except by payment in full of the principal of, premium, if any, and interest on, and any Redemption Price with respect to, the Securities and the complete performance of the obligations contained in such Security and in this Guarantee.

The Guarantor shall be subrogated to all rights of the Holder of any Security against Federated Holdings in respect of all amounts paid to such Holder by the Guarantor pursuant to the provisions of this Guarantee; provided, however, that the Guarantor shall not, without the consent of the Holders of all of the Securities then outstanding, be entitled to enforce or to receive any payments arising out of or based upon such right of subrogation until the principal of, premium, if any and interest on, and any Redemption Price with respect to all Securities shall have been paid in full or payment thereof shall have been provided for in accordance with said Indenture.

Notwithstanding anything to the contrary contained herein, if following any payment of principal or interest by Federated Holdings on the Securities to the Holders of the Securities it is determined by a final decision of a court of competent jurisdiction that such payment shall be avoided by a trustee in bankruptcy (including any debtor-in-possession) as a preference under 11 U.S.C. Section 547 and such payment is paid by such Holder to such trustee in bankruptcy, then and to the extent of such repayment, the obligations of the Guarantor hereunder shall remain in full force and effect.

This Guarantee shall not be valid or become obligatory for any purpose with respect to a Security unless and until the certificate of authentication on such Security shall have been signed by the Trustee.

This Guarantee is intended for the benefit of the Trustee and each of the Holders of Securities and shall be enforceable by such Trustee and such Holders.

This Guarantee shall be governed by the laws of the State of New York.

IN WITNESS WHEREOF, Federated has caused this Guarantee to be signed on its corporate name by two of its officers duly authorized and has caused its corporate seal to be affixed hereunto or imprinted or otherwise reproduced hereon.

	
Date: August 30, 2005
	
By:/s/ Dennis J. Broderick

	 	
Name:  Dennis J. Broderick

Title:  Senior Vice President, General Counsel and Secretary

	 	 
	 	 
	
Date: August 30, 2005
	
By: /s/ Joel A. Belsky

	 	
Name:  Joel A. Belsky

Title:  Vice President and Controller

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