Document:

First Amendment to Receivables Purchase Agreement, dated January 12, 2007

 Exhibit 10 (vii) 
 EXECUTION COPY 
 FIRST AMENDMENT TO AMENDED AND RESTATED 
 RECEIVABLES PURCHASE AGREEMENT 
 THIS FIRST AMENDMENT TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this “Amendment”) dated as of January 12, 2007 is entered into among AGC FUNDING CORPORATION (the “Seller”), AMERICAN
GREETINGS CORPORATION (in its individual capacity, “Greetings”), in its capacity as servicer (in such capacity, together with its successors and permitted assigns in such capacity, the “Servicer”), PNC BANK,
NATIONAL ASSOCIATION (in its individual capacity, “PNC”), as purchaser agent for Market Street Funding LLC, as Administrator for each Purchaser Group (in such capacity, the “Administrator”) and as issuer of Letters
of Credit (in such capacity, together with its successors and permitted assigns in such capacity, the “LC Bank”), MARKET STREET FUNDING LLC (in its individual capacity, “Market Street”), as a Conduit Purchaser and
as a Related Committed Purchaser, LIBERTY STREET FUNDING CORP. (“LSFC”), as a Conduit Purchaser and THE BANK OF NOVA SCOTIA (“BNS”), as a Related Committed Purchaser and as purchaser agent for itself and LSFC.

 RECITALS 
 1. The Seller, the Servicer, the Administrator, PNC, Market Street, the LC Bank, LSFC and BNS are parties to the Amended and Restated Receivables Purchase Agreement dated as of October 24, 2006 (as amended, restated, supplemented or
otherwise modified from time to time, the “Agreement”); and 
 2. The parties hereto desire to amend the
Agreement as set forth herein. 
 NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows: 
 1. Certain Defined Terms.
Capitalized terms that are used herein without definition and that are defined in Exhibit I to the Agreement shall have the same meanings herein as therein defined. 
 2. Amendments to Agreement. 
 2.1 The
last sentence of clause 1(j) of Exhibit IV to the Agreement is hereby amended and restated in its entirety to read as follows: 
 “The Seller shall (or shall cause the Servicer to) withdraw or remove from any Lock-Box Account any cash or cash proceeds other than Collections deposited or otherwise credited to such Lock-Box Account not later than two Business Days
after such deposit or credit.” 

 2.2 The last sentence of clause 2(h) of Exhibit IV to the Agreement is hereby amended and
restated in its entirety to read as follows: 
 “The Servicer shall withdraw or remove from any Lock-Box Account any cash
or cash proceeds other than Collections deposited or otherwise credited to such Lock-Box Account not later than two Business Days after such deposit or credit.” 
 3. Representations and Warranties. The Seller hereby represents and warrants to each Purchaser and the Administrator as follows: 
 (a) Representations and Warranties. The representations and warranties contained in Exhibit III of the
Agreement are true and correct in all material respects as of the date hereof (except to the extent that such representations and warranties relate expressly to an earlier date, and in which case such representations and warranties shall be true and
correct in all material respects as of such earlier date). 
 (b) No Default. Both before and
immediately after giving effect to this Amendment and the transactions contemplated hereby, no Termination Event or Unmatured Termination Event exists or shall exist. 
 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 (or in any other Transaction Document) 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. 
 5. Effectiveness. This Amendment shall become effective as of the date hereof upon receipt by the Administrator 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 Administrator in its sole discretion. 
 6. Counterparts. This Amendment may be executed in any number of counterparts and by different parties on separate
counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument. 
 7. Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York (without regard to any otherwise applicable
principles of conflicts of law). 
 8. Section Headings. The various headings of this Amendment are included
for convenience only and shall not affect the meaning or interpretation of this Amendment, the Agreement or any provision hereof or thereof. 
 (continued on following page) 
  

 2 

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

			
	 AGC FUNDING CORPORATION

		
	 By:
	 	 /s/Gregory M. Steinberg

			
	 Name:
	 	 Gregory M.Steinberg

	 Title:
	 	 Treasurer

	
	 AMERICAN GREETINGS CORPORATION, as Servicer

			
		
	 By:
	 	 /s/Gregory M. Steinberg

			
	 Name:
	 	 Gregory M. Steinberg

	 Title:
	 	 Treasurer

  

					
		 	S-1	 	 1st A&R RPA Amendment
 (American Greetings)

			
	 PNC BANK, NATIONAL ASSOCIATION,

	 as Administrator and as Purchaser Agent for Market Street Funding LLC

		
	 By:
	 	 /s/ John T. Smathers

			
	 Name:
	 	 John T. Smathers

	 Title:
	 	 Vice President

	
	 MARKET STREET FUNDING LLC,

	 as a Conduit Purchaser and as a Related Committed Purchaser

			
		
	 By:
	 	 /s/ Doris J. Hearn

			
	 Name:
	 	 Doris J. Hearn

	 Title:
	 	 Vice President

  

					
		 	S-2	 	 1st A&R RPA Amendment
 (American Greetings)

			
	 THE BANK OF NOVA SCOTIA,

	 as a Related Committed Purchaser and as Purchaser Agent for itself and Liberty Street Funding Corp.

		
	 By:
	 	 /s/ Norman Last

			
	 Name:
	 	 Norman Last

	 Title:
	 	 Managing Director

	
	 LIBERTY STREET FUNDING CORP.,

	 as a Conduit Purchaser

			
		
	 By:
	 	 /s/ Jill A. Gordon

			
	 Name:
	 	 Jill A. Gordon

	 Title:
	 	 Vice President

  

					
		 	S-3	 	 1st A&R RPA Amendment
 (American Greetings)

			
	 PNC BANK, NATIONAL ASSOCIATION,

	 as LC Bank

		
	 By:
	 	 /s/ Joseph G. Moran

			
	 Name:
	 	 Joseph G. Moran

	 Title:
	 	 Managing Director

  

					
		 	S-4	 	 1st A&R RPA Amendment
 (American Greetings)Omnibus Amendment to Receivables Sale Agreement

 Exhibit 10(viii) 
 EXECUTION COPY 
 OMNIBUS AMENDMENT TO 
 RECEIVABLES SALE AGREEMENT 
 and 
 SALE AND CONTRIBUTION AGREEMENT 
 and

 RECEIVABLES PURCHASE AGREEMENT 
 THIS OMNIBUS AMENDMENT (this “Amendment”) dated as of February 28, 2007, is entered into among AGC FUNDING CORPORATION (“Funding”), AMERICAN GREETINGS CORPORATION
(“Greetings”), GIBSON GREETINGS, INC. (“Gibson”), PLUS MARK, INC. (“Plus Mark”), THE MEMBERS OF VARIOUS PURCHASER GROUPS LISTED ON THE SIGNATURE PAGES HERETO and PNC BANK, NATIONAL ASSOCIATION, as
Administrator for each Purchaser Group (in such capacity, the “Administrator”) and as issuer of Letters of Credit (in such capacity, together with its successors and permitted assigns in such capacity, the “LC
Bank”). 
 RECITALS 
 1. Greetings and the Originators party thereto, including Gibson, are parties to the Amended and Restated Receivables Sale Agreement dated as of October 24, 2006 (as amended, supplemented or otherwise modified
through the date hereof, the “Receivables Sale Agreement”); 
 2. Greetings and Funding are parties to the
Amended and Restated Sale and Contribution Agreement dated as of October 24, 2006 (as amended, supplemented or otherwise modified through the date hereof, the “Sale and Contribution Agreement”); 
 3. Greetings, as Servicer, Funding, each member of the various purchaser groups party thereto, the Administrator and the LC Bank are
parties to the Amended and Restated Receivables Purchase Agreement dated as of October 24, 2006 (as amended, supplemented or otherwise modified through the date hereof, the “Receivables Purchase Agreement” and, with the
Receivables Sale Agreement and the Sale and Contribution Agreement, each an “Agreement” and collectively, the “Agreements”); and 
 4. Concurrently with the execution and delivery of this Amendment, Gibson will merge into and be survived by Greetings and accordingly each of the parties hereto desire to amend each of the
Agreements to which it is a party 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: 
 1.
Certain Defined Terms. Capitalized terms that are used herein without definition shall have the meanings set forth in the applicable Agreement. 

 2. Amendment to Each Agreement. From and after the effectiveness of this
Amendment, each reference to Gibson or Gibson Greetings, Inc. in any Agreement or any other Transaction Document to which it was a party prior to the effectiveness of this Amendment shall be and shall be deemed to be a reference to Greetings.

 3. Amendments to Agreements. From and after the effectiveness of this Amendment, the Agreements are hereby
modified as set forth below: 
 3.1 Gibson shall be removed as a party from the Receivables Sale Agreement and all of its
rights, obligations and liabilities (other than those which expressly survive termination of such Agreement) shall be terminated and the first sentence of the final paragraph in Section 3.2 of the Receivables Sale Agreement is hereby amended
and restated in its entirety to read as follows: 
 Greetings shall make payment (including prepayments) on the Receivables
Sale Notes from available cash, to the applicable Originator to the extent of any cash payment received by it on the Sale and Contribution Note issued to it in respect of Collections on Receivables generated by such Originator. 
 3.2 Schedule 1 and Schedule 6.3(f) to the Receivables Sale Agreement are hereby amended to remove the references to Gibson
therein. 
 3.3 Schedule 2.2 to the Receivables Sale Agreement is hereby amended and restated in its entirety and
replaced by the new Schedule 2.2 attached to this Amendment as Annex I. 
 3.4 Schedule 2.2 to the Sale and
Contribution Agreement is hereby amended and restated in its entirety and replaced by the new Schedule 2.2 attached to this Amendment as Annex II. 
 4. Representations and Warranties. Funding, Greetings and Plus Mark hereby represent and warrant to each other and to the other signatories hereto that: 
 (a) Representations and Warranties. Each representation and warranty made by it in the Agreements to which it is a
party and in the other Transaction Documents are true and correct in all material respects as of the date hereof (except to the extent that such representations and warranties relate expressly to an earlier date, and in which case such
representations and warranties shall be true and correct in all material respects as of such earlier date). 
 (b) No Default. Both before and immediately after giving effect to this Amendment and the transactions contemplated hereby, no Receivables Sale Termination 

  

 2 

 
Event, Purchase and Sale Termination Event, Sale and Contribution Termination Event, Termination Event or Unmatured Termination Event exists or shall exist.

 5. Effect of Amendment and No Waiver. All provisions of the Agreements, as expressly amended and modified by
this Amendment, shall remain in full force and effect. After this Amendment becomes effective, all references in the Agreements (or in any other Transaction Document) to the “Receivables Sale Agreement”, “Purchase and Sale
Agreement”, “Sale and Contribution Agreement” or to “hereof”, “herein” or words of similar effect referring to the such Agreement shall be deemed to be references to such Agreement as amended by this Amendment.
This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of any Agreement other than as set forth herein. 
 6. Effectiveness. This Amendment shall become effective upon receipt by the Servicer and the Administrator 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 Administrator and the Servicer in their respective sole discretion. 
 7. Consents. By its signature hereto, (i) each party hereto hereby consents to the amendments to the Agreements pursuant to Section 2 and Section 3
hereof and (ii) each of the Administrator, each Purchaser Agent and each Purchaser who is a signatory hereto hereby consents to the amendments to the Agreements pursuant to Section 2 and Section 3 hereof. 
 8. Counterparts. This Amendment may be executed in any number of counterparts and by different parties on separate
counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument. 
 9. Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York. 
 10. Section Headings. The various headings of this Amendment are included for convenience only and shall not affect the
meaning or interpretation of this Amendment, any Agreement, any other Transaction Document or any provision hereof or thereof. 
 [Signatures
Follow] 
  

 3 

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

			
	 AGC FUNDING CORPORATION

		
	 By:
	 	 /s/ Gregory M. Steinberg

			
	 Name:
	 	 Gregory M. Steinberg

	 Title
	 	 Vice President and Treasurer

			
	
	 AMERICAN GREETINGS CORPORATION

			
		
	 By:
	 	 /s/ Gregory M. Steinberg

			
	 Name:
	 	 Gregory M. Steinberg

	 Title
	 	 Treasurer

	
	 PLUS MARK, INC.

			
		
	 By:
	 	 /s/ Gregory M. Steinberg

			
	 Name:
	 	 Gregory M. Steinberg

	 Title
	 	 Treasurer

  

					
		 	S-1	 	Omnibus Amendment (Amended and Restated
		 		 	AGC Program)

			
	 PNC BANK, NATIONAL ASSOCIATION,

	 as Administrator, as a Purchaser Agent and as LC Bank

		
	 By:
	 	 /s/ William P. Falcon

			
	 Name:
	 	 William P. Falcon

	 Title
	 	 Vice President

	
	 MARKET STREET FUNDING LLC

			
		
	 By:
	 	 /s/ Doris J. Hearn

			
	 Name:
	 	 Doris J. Hearn

	 Title
	 	 Vice President

	
	 THE BANK OF NOVA SCOTIA,

			
	 as a Related Committed Purchaser and as a Purchaser Agent

		
	 By:
	 	 /s/ Darren Ward

			
	 Name:
	 	 Darren Ward

	 Title
	 	 Director

			
	
	 LIBERTY STREET FUNDING CORP.

		
	 By:
	 	 /s/ Jill A. Gordon

			
	 Name:
	 	 Jill A. Gordon

	 Title
	 	 Vice President

  

					
		 	S-2	 	Omnibus Amendment (Amended and Restated
		 		 	AGC Program)

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