Document:

ADDENDUM TO THE JUNE 4, 1996

SECOND ADDENDUM TO THE JUNE 4, 1996

FACS CREDIT SERVICES AND LICENSE AGREEMENT

BETWEEN

GE CAPITAL CONSUMER CARD CO. ("GE BANK"),

GENERAL ELECTRIC CAPITAL CORPORATION ("GE CAPITAL") (COLLECTIVELY, "GE PARTIES") AND

FACS GROUP, INC. ("FACS")

This amendment (hereinafter referred to as "Second Addendum") dated as of November 11, 2001, is made to that certain agreement of June 4, 1996 described above ("Services Agreement"), by and between the GE PARTIES and FACS, pursuant to Section 9.3 of the Services Agreement.  Capitalized terms used but not defined herein shall have the meanings assigned to them in the Services Agreement

WITNESSETH:

WHEREAS, GE Capital is the owner of the GE/Macy's Commercial Accounts and GE BANK is the owner of the GE/Macy's Accounts; 

WHEREAS, the GE PARTIES and FACS have entered into the Services Agreement for purposes of setting forth the terms and conditions that govern the provision of certain services by FACS to the GE PARTIES; and

WHEREAS, the GE PARTIES and FACS desire to amend the Services Agreement to expand the type of services provided by FACS to the GE PARTIES; 

NOW THEREFORE, and for the avoidance of doubt, in consideration of the terms and mutual covenants contained herein and in the Services Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned parties hereby agree as follows:

	Service Fees.  The number "0.7%" in the first sentence of Section 3.4 is deleted and replaced with the number "1.20%". 

	Additional FACS Services.  Section I of Exhibit A is amended to add the following new paragraphs:

"7.Billing Statement Production
7.1.Provide billing statement processing services as described below and in accordance with the technical specifications and billing cycle timeframes established between FACS and the GE Parties.
(i)Receive and process the electronic periodic billing statement file.

(ii)Trim, burst and fold all periodic billing statements.

(iii)Insert all periodic billing statements as described in Section 8.2 below.

(iv)Place required postage on all periodic billing statement envelopes.

(v)Presort all qualified mail.

(vi)Seal and deliver all periodic billing statement envelopes to US Postal Service.

8.Billing Statement Mailing
8.1.Insert marketing material approved by the GE Parties and received by FACS in usable form that conforms to materials specifications of FACS into the designated periodic billing statements.  The inserts are to be distributed within the periodic billing statement in the following order:
(i)First, any inserts or messages that the GE Parties, in their sole judgment, determine are required by Law to be included in a periodic billing statement shall be included and shall have priority over all other inserts and messages;

(ii)Second, any inserts or messages that any FDS Company is contractually required to include in a periodic billing statement shall be included;

(iii)Third, any inserts or messages that FDS, in its sole discretion, determines should be included in a periodic billing statement shall be included; and

(iv)Fourth, any inserts or messages with respect to programs approved by FDS and GE Bank for inclusion in a periodic billing statement shall be included.

8.2.Mail periodic billing statements within the timeframe required by Section II of this Exhibit A..

8.3.Exercise reasonable quality control review of periodic billing statements.

8.4.In the event of any material disruption in periodic billing statement services, FACS will use commercially reasonable efforts to notify the GE Parties of such disruption on the same business day, and, in any event will provide notice as promptly as practicable.

8.5.Provide the following reporting for the periodic billing statement services:
Daily statement status report by Division of cycles billed, mailed and quantity.

 8.6.Notwithstanding the above, FACS will also be responsible for inventory control, warehousing of the periodic billing statements and associated materials.

9.Credit Card Production
9.1.FACS will emboss and encode GE /Macy's Credit Cards and credit cards for other FDS Serviced Accounts as described below and in accordance with the technical specifications and credit card production schedules established between FACS and GE Bank.
(i)Receive and process the electronic Credit Card file.

(ii)Emboss two (2) lines of data unless otherwise specified.

(iii)Magnetically encode the cards.

(iv)Print the customer information on the Credit Card card carrier form.

(v)Data match the Credit Cards and the Credit Card card carriers.

(vi)Insert as described in Section 10.2 below.

(vii)Trim, burst and fold the Credit Card card carriers.

(viii)Insert the Credit Card card carriers into the Credit Card card carrier envelopes.

(ix)Place required postage on the Credit Card card carrier envelopes.

(x)Seal and deliver all Credit Card card carrier envelopes to US Postal Service.

9.2.GE/Macy's Credit Cards shall be in the design and format jointly established by GE Bank and FACS and shall include the Macy's Tradename.

10.Credit Card Mailing
10.1.Mail Credit Cards along with  terms and conditions and other inserts required by law within the timeframe required by Section II of this Exhibit A.

10.2.Insert marketing material approved by GE Bank that conforms to materials specifications of FACS into the envelope carrying the designated Credit Card card carrier.  The inserts are to be included with the Credit Card card carrier in the following order:
(i)First, any inserts or messages that GE Bank, in its sole judgment, determines are required by Law to be included in a Credit Card card carrier shall be included and shall have priority over all other inserts and messages;

(ii)Second, any inserts or messages that any FDS Company is contractually required to include in a Credit Card card carrier shall be included;

(iii)Third, any inserts or messages that FDS, in its sole discretion, determines should be included in a Credit Card card carrier shall be included; and

(iv)Fourth, any inserts or messages with respect to programs approved by FDS and GE Bank for inclusion in a Credit Card card carrier shall be included.

10.3.Exercise reasonable quality control review of Credit Cards.

10.4.In the event of any material disruption in credit and production or mailing services, FACS will use commercially reasonable efforts to notify the GE Parties  of such disruption on the same business day, and, in any event will provide notice as promptly as practicable.

10.5.Provide the following reporting for the Credit Card services:
(i)Daily report giving the status of GE/Macy's Credit Cards produced and mailed.

(ii)Monthly report giving the inventory of all collateral that is specifically identified and used only for or in connection with GE/Macy's Accounts, including reconciliation of any lost and damaged materials; and

(iii)Monthly reporting analyzing GE/Macy's Credit Cards embossed and mailed.

	Notwithstanding the above, FACS will also be responsible for inventory control, warehousing of the Credit Cards and associated materials, and providing adequate security for all credit cards.

	Additional Services Standards.  Section II of Exhibit A is amended to add the following new paragraphs:

	

	Billing Statement Production

	
Within the timeframe required by law including Regulation Z.

	

	Credit Card Production Mailing

	
Within the timeframe required by law including Regulation B.

	Term and Termination.  The provisions of this Addendum shall commence on the date hereof and shall expire simultaneously with the termination of the Services Agreement.

	Integration and Amendment.  This Second Addendum and the underlying Services Agreement constitute the entire understanding between the parties with respect to the subject matter hereof and merge and supersede any inconsistent course of conduct, course of performance, course of dealing, usage of trade, previous agreements, representations, understandings, quotations, negotiations and discussions, either oral or written, between the parties hereto with respect to the subject matter hereof, and may not be modified unless done so in writing, signed by GE BANK, GE CAPITAL and FACS representatives authorized to so amend this Second Addendum.  Each party acknowledges that it has not been induced to enter into this Second Addendum by any representations or promises not specifically stated and/or incorporated herein.  In the event of any inconsistency between this Second Addendum and the Services Agreement on the above subject matter, the terms of this Second Addendum shall prevail and be adhered to by the parties.

IN WITNESS WHEREOF, each of the parties hereto has caused this Second Addendum to be executed as of the date first written above and to be appended to the Services Agreement as an addendum to the said June 4, 1996 Services Agreement.

 

	
GENERAL ELECTRIC CAPITAL CORPORATION
	
FACS GROUP, INC.

 

	
By:/s/ Edward Brandt
	
By:/s/ Amy Hanson

	
      Name: Edward C. Brandt
	
      Name: Amy Hanson

	
      Title: Vice President - Macy's
	
       Title: President, Credit Services

	
Date:  November 11, 2001
	
Date: November 11, 2001

	
GE CAPITAL CONSUMER CARD CO.

	
By: /s/ Edward Brandt

	
      Name: Edward C. Brandt

	
      Title: Executive Vice President

	
Date:  November 11, 2001

 

 

Agreed and acknowledged:

	
FEDERATED DEPARTMENT STORES, INC.

	
 

FDS BANK

	
By:/s/ John Sims
	
By:/s/ James Amann

	
      Name: John R. Sims
	
      Name: James J. Amann

	
      Title: Vice President
	
      Title: Chairman and CEO

	
Date:  November 11, 2001
	
Date:  November 11, 2001EXECUTION COPY

FOURTH AMENDMENT TO

CLASS A CERTIFICATE PURCHASE AGREEMENT

    THIS FOURTH AMENDMENT TO CLASS A CERTIFICATE PURCHASE AGREEMENT (this
"Amendment"), dated as of May 25, 2004, is entered into by and among PRIME II RECEIVABLES CORPORATION (the
"Transferor"), FDS BANK, formerly known as FDS NATIONAL BANK, (the "Servicer"), MARKET STREET FUNDING CORPORATION (the
"Class A Purchaser") and PNC BANK, NATIONAL ASSOCIATION (the "Agent").

RECITALS

    WHEREAS, the Transferor, the Servicer, the Class A Purchaser and the Agent are parties to that certain Class A Certificate Purchase Agreement, dated as of July 6, 1999 (as amended, supplemented or otherwise modified from time to time, the
"Agreement");

    WHEREAS, the parties hereto desire to amend the Agreement as hereinafter set forth.

    NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

        SECTION 1. Certain Defined Terms. Capitalized terms that are used herein without definition and that are defined in the Agreement shall have the same meanings herein as therein defined.

        SECTION 2. Amendment to Agreement. Pursuant to Section 2.2(a) of the Agreement, the aggregate Commitment of the Class A Purchaser is hereby increased to the amount set forth underneath the signature of the Class A Purchaser hereto.

        SECTION 3. Representations and Warranties. In order to induce the parties hereto to enter into this Amendment, each of the parties hereto represents and warrants unto the other parties hereto as set forth in this Section 3:
(a)Due Authorization, Non-Contravention, etc. The execution, delivery and performance by such party of this Amendment are within its powers, have been duly authorized by all necessary action, and do not: (a) contravene its organizational documents; or (b) contravene any contractual restriction, law or governmental regulation or court decree or order binding on or affecting it; and

(b) Validity, etc. This Amendment constitutes the legal, valid and binding obligation of such party enforceable against such party in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights and general equitable principles.

        SECTION 4. Effect of Amendment. All provisions of the Agreement, as expressly amended and modified by this Amendment, shall remain in full force and effect. After this Amendment becomes effective, all references in the Agreement to
"this Agreement", "hereof", "herein" or words of similar effect referring to the Agreement shall be deemed to be references to the Agreement as amended by this Amendment. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Agreement other than as set forth herein.

        SECTION 5. Effectiveness. This Amendment shall become effective as of the date hereof upon receipt by the Agent of counterparts of this Amendment (whether by facsimile or otherwise) executed by each of the other parties hereto, in form and substance satisfactory to the Agent in its sole discretion.

        SECTION 6. Miscellaneous. (a) THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO PRINCIPLES OF CONFLICTS OF LAW.

  
(b)Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment or any provision hereof.

(c)This Amendment may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each of which when executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

  

[Signature pages follow]

    IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above. 

	
 
	
MARKET STREET FUNDING CORPORATION,

as Class A Purchaser

	
 
	
 

	
 
	
By: /s/ Evelyn Echvarria

	
 
	
Name: Evelyn Echvarria

	
 
	
Title: Vice President

	
 
	
 

	
 
	
Commitment: $222,222,500

	
 
	
 

	
 
	
 

	
 
	
PNC BANK, NATIONAL ASSOCIATION,

as Agent

	
 
	
 

	
 
	
By: /s/ John T. Smathers

	
 
	
Name: John T. Smathers

	
 
	
Title: Vice President

	
 
	
 

	
 
	
 

	
 
	
PRIME II RECEIVABLES CORPORATION,

as Transferor

	
 
	
 

	
 
	
By: /s/ Susan P. Storer

	
 
	
Name: Susan P. Storer

	
 
	
Title: President

	
 
	
 

	
 
	
 

	
 
	
FDS BANK (f/k/a FDS National Bank), as Servicer

	
 
	
 

	
 
	
By: /s/ Susan R. Robinson

	
 
	
Name: Susan R. Robinson

	
 
	
Title: Treasurer

	
 
	
 

	
 
	
 

	
Acknowledged and Agreed,
	
 

	
 
	
LLOYDS TSB BANK PLC

	
 
	
 

	
 
	
By: /s/ Amy Vespasiano

	
 
	
Name: Amy Vespasiano

	
 
	
Title: Director Structured Finance 

	
 
	
 

	
 
	
By: /s/ Kathy Simmons

	
 
	
Name: Kathy Simmons

	
 
	
Title: Director Structured Finance

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00067-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00067-of-00352.parquet"}]]