Document:

First Amendment to Servicing Agreement

 Exhibit 10.6.1 
 FIRST AMENDMENT TO 
 SERVICING AGREEMENT 
 This First Amendment to Servicing Agreement is made and entered into as of the 27 day of May, 2005 (“Effective Date”) by and among Household
Corporation (“Primary Servicer”) and McRae’s Inc. (“Servicer”) with respect to that certain Servicing Agreement dated as of April 15, 2003 ( the “Agreement”), by and between Primary Servicer and Servicer.

 WHEREAS, Primary Servicer and Servicer have agreed to adjust the Servicing Fee Rate to reflect the transfer of certain operational
functions governed by the Agreement from Servicer to Primary Servicer: and 
 WHEREAS, Primary Servicer and Servicer wish to amend the
Servicing Agreement to reflect both the adjusted Servicing Fee Rate and other mutually agreed upon changes as specifically set forth herein; 
 NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements set forth below and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Primary Servicer and Servicer
do hereby agree as follows: 
  

	 	I.	Section 2.02(d) is amended by adding the following sentence at the end thereof: “Additionally, Servicer shall provide to Primary Servicer any requested policies and
procedures supporting the servicing activities as are set forth in Exhibit 2.02(a)-1.” 

  

	 	II.	Section 2.04 is amended by adding the following sentence at the end thereof: “Primary Servicer is granted the right to review the servicing performance of any subservicer
and to review the results of any audits performed on subservicer operations by or for the Servicer,” 

  

	 	II.	Section 2.07 is amended by adding the following sentence at the end thereof: “Servicer shall make available its disaster recovery plan to Primary Servicer.”

  

	 	III.	Exhibit 1.05 entitled Bank Secrecy Act Compliance is replaced in its entirety with Exhibit 1.05-Revised which is attached hereto and entitled: Saks Incorporated and its Subsidiaries
ANTI-MONEY LAUNDERING, USA PATRIOT ACT AND OFAC POLICES, December 3, 2004. 

  

	 	IV.	Exhibit 2.2(b) is amended to reflect the Servicing Fee Rate as $8.82. This adjusted rate was effective beginning with the month of May, 2004. 

  

	 	V.	 Schedule 2.02(d) is amended by replacing its contents in their entirety with the following: “Servicer shall provide to Primary Servicer servicing reports to
include, but not be limited to, those described more fully in the Underwriting and Credit Policy and the Servicing and Collections Policy on or before the date specified for their delivery in such policies or as otherwise agreed to between the

	 	 
Parties. As servicing activities change or are adjusted during the Term of this Agreement, Servicer shall provide to Primary Servicer additional reports to
reflect the performance of adjusted servicing activities. The timing and form of any servicing reports will be mutually agreed to upon by Servicer and Primary Servicer. Primary report categories include, but are not limited to the following: call
center statistics, credit services activities, risk management, collections agency, Vision 21 reporting, compliance reporting, and credit extension reporting. 

  

	 	VI.	To the extent the provisions of this First Amendment are inconsistent with the Agreement, this First Amendment shall govern. 

  

	 	VII.	This First Amendment supersedes all prior communications regarding the subject matter hereof and shall be binding upon and inure to the benefit of the parties, their respective
successors, and assigns. 

  

	 	VIII.	All capitalized terms not otherwise defined herein shall have the same meaning afforded them in the Agreement. 

  

	 	IX.	Except as amended by this First Amendment, the terms and conditions of the Agreement remain in full force and effect. 

  

	 	X.	This First Amendment shall be governed by and construed in accordance with the laws of the State of New York. 

 IN WITNESS WHEREOF, the parties have caused their authorized representatives to execute this First Amendment as of the Effective Date set forth above. 

 

					
	 HOUSEHOLD CORPORATION
	 	MCRAE’S INC.Second Amendment to Program Agreement

 Exhibit 10.7.1 
 SECOND AMENDMENT TO 
 PROGRAM AGREEMENT 
 This Second Amendment to Program Agreement is made and entered into as of the 15th day of June, 2004 (“Effective Date”) by and among Household Bank (SB), N.A. (“Household”), Saks Incorporated (the
“Company”) and McRae’s Inc. (“McRae’s”, and together with the Company, the “Saks Companies”) with respect to that certain Program Agreement dated as of April 15, 2003, as amended ( the
“Agreement”), by and between Household and the Saks Companies. 
 WHEREAS, Household and the Saks Companies have negotiated
the terms upon which Household will offer debt cancellation, a Household Product, to Cardholders in accordance with Section 3.10 (b) of the Agreement; and 
 WHEREAS, Household and the Saks Companies wish to amend the Agreement to reflect the negotiated terms upon which Household will offer its t debt cancellation product to Cardholders; 
 NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements set forth below and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, Household and the Saks Companies do hereby agree as follows: 
  

	 	I.	Section 3.10 (b) is amended by removing the period at the end of the last sentence and adding the following: “and may be reflected on schedules added to this
Agreement from time to time by amendment, beginning with Schedule 3.10 (b)(i) and numbered sequentially thereafter.” 

  

	 	II.	Schedule A to this Second Amendment Is added to the Agreement as “Schedule 3.10 (b) (i).” 

  

	 	II.	To the extent the provisions of this Second Amendment are inconsistent with the Agreement, this Second Amendment shall govern. 

  

	 	III.	This Second Amendment supersedes all prior communications regarding the subject matter hereof and shall be binding upon and inure to the benefit of the parties, their respective
successors, and assigns. 

  

	 	IV.	All capitalized terms not otherwise defined herein shall have the same meaning afforded them in the Agreement. 

  

	 	V.	Except as amended by this Second Amendment, the terms and conditions of the Agreement remain in full force and effect. 

	 	VI.	This Second Amendment shall be governed by and construed in accordance with the laws of the State of New York. 

 IN WITNESS WHEREOF, the parties have caused their authorized representatives to execute this Second Amendment as of the Effective Date set forth
above. 
  

									
	HOUSEHOLD BANK (SB), N.A.	 		 	SAKS INCORPORATED
					
	By:	 	 /s/ Richard C. Klesse
	 		 	By:	 	 /s/ Michael Rodgers

		 	Authorized Representative	 		 		 	Michael Rodgers
	Name:	 	Richard C. Klesse	 		 		 	Executive Vice President of Operations
		 	(print or type)	 		 		 	
	Title:	 	Executive Vice President	 		 		 	
				
	MCRAE’S, Inc.	 		 		 	
					
	By:	 	 /s/ Charles J. Hansen
	 		 		 	
		 	Charles J. Hansen	 		 		 	
		 	Executive Vice PresidentThird Amedment to Program Agreement

 Exhibit 10.7.2 
 THIRD AMENDMENT TO PROGRAM AGREEMENT 
 among 
 SAKS INCORPORATED 
 MCRAE’S, INC. 
 and 
 HSBC BANK Nevada, National Association

 Dated As of 
 August 24,
2005 

 THIRD AMENDMENT TO PROGRAM AGREEMENT 
 This Third Amendment to Program Agreement is made and entered into as of the 24th day of August, 2005 by an among by and among Saks Incorporated (the “Company”), McRae’s Inc., an indirect wholly owned subsidiary
of the Company (“McRae’s” and, together with the Company, the “Saks Companies”), and HSBC Bank Nevada, National Association (“HSBC”) with respect to that certain Program Agreement dated as of
April 15, 2003, as amended (the “Agreement”), by and between HSBC and the Saks Companies. 
 WHEREAS, HSBC has acquired the
credit portfolio of the Neiman Marcus Group, which the Saks Companies consider a direct competitor; 
 WHEREAS, the Company wants to maintain
its arrangement with HSBC without loosing any business secrets to a competitor through HSBC; 
 WHEREAS, through the Agreement and a
servicing arrangement the parties discuss and review many of the business plans of the Saks Companies and share other confidential information related to the Saks Companies; 
 WHEREAS, pursuant to this Third Amendment, the Saks Companies and HSBC desire to amend the confidentiality section of the Agreement related to the
governance of how such confidential information is handled; and 
 NOW, THEREFORE, in consideration of the ‘mutual agreements set forth herein and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree to amend the Agreement as follows: 
 Added to the end of the existing Section 12.01 will be the following: 
 (e) HSBC will implement those
practices, procedures, and business precautions necessary to prevent their employees and the employees of their subsidiaries and affiliates assigned to work on the Saks Companies accounts (such employees referred to hereinafter as the “Saks
Team” and are as designated on Exhibit 12.01 (e) attached hereto) from sharing Confidential Information (as defined below) with the Neiman Marcus Group or any of their employees or employees of their subsidiaries or affiliates working on
the Neiman Marcus Group accounts (the “Neiman Team”). 
 For purposes of this section (e), Confidential Information is defined as
the following data and information specific to the Saks Companies: marketing calendars, marketing campaigns, Account data, Cardholder Information, Cardholder trends, Cardholder risk profiles, portfolio characteristics, portfolio results, sales
information and servicing metrics. 
 HSBC agrees the implemented precautions will include requiring a signed agreement from each member of
the Saks Team confirming the signor will not share 

 Confidential Information with the Neiman Marcus Group or the Neiman Team and that they themselves will
not work on the Neiman Team in any capacity, including but not limited to overflow support. Such agreement will prohibit such members of the Saks Team from working on the Neiman Team for at least one (1) year after the date they ceased being a
member of the Saks Team. Execution of such agreement by each Saks Team member will be a condition of continued participation on the Saks Team. 
 As members of the Saks Team change, HSBC will provide an updated Saks Team list to the Saks Companies. Any such updated list will include the name, title and position of each such Saks Team member and their duties related to the Saks
Companies Accounts. The list will also include contact information for each listed person 
 IN WITNESS WHEREOF, the Parties have caused their respective
duly authorized representatives to execute this Agreement as of the date first written above. 
  

			
	SAKS INCORPORATED
		
	By:	 	 /S/ CHARLES J. HANSEN

	Name:	 	Charles Hansen
	Title:	 	Senior Vice President
	
	MCRAE’S INC.
		
	By:	 	 /S/ CHARLES J. HANSEN

	Name:	 	Charles Hansen
	Title:	 	Senior Vice President
	
	HSBC BANK NEVADA, N.A.
		
	By:	 	 /S/ JOSEPH W. HOFF

	Name:	 	Joseph W. Hoff
	Title:	 	Executive Vice President

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