#COMENITY VICTORIA'S SECRET BANK UPGRADE#

#COMENITY VICTORIA'S SECRET BANK UPGRADE#

Provided that VS has completed an upgrade of its POS systems to accept contact EMV-enabled Credit Cards with an embedded microchip (a “Chip Card”), Bank shall convert the Credit Cards to Chip Cards on or before, or such other date as the parties mutually agree (the “2019/2020 Chip Card Reissue”).ġ.2 The first sentence of Section 2.4 (d) is hereby amended and replaced by the following: NOW, THEREFORE, for good and valuable consideration, the sufficiency of which has been agreed upon by the parties, VS and the Bank agree to supplement, modify and amend the Agreement as set forth below.ġ.1 The first sentence of Section 2.1 (d) (i) shall be amended and replaced as follows: WHEREAS, VS and Bank desire to amend the Agreement as set forth in this Amendment. WHEREAS, VS and Bank entered into that certain Private Label Credit Card Program Agreement dated J(the “Agreement”) and (collectively referred to as “Direct”), Far West Factoring, LLC (“Far West”), Puerto Rico Store Operations, LLC (“Puerto Rico”), (Victoria’s Secret, Lone Mountain, Direct, Far West and Puerto Rico collectively hereinafter referred to as “VS”) and Comenity Bank (“Bank”). This First Amendment (this “Amendment”) is made and entered into effective J(the “Amendment Effective Date”), by and between Victoria’s Secret Stores, LLC (“Victoria’s Secret”), Lone Mountain Factoring, LLC (“Lone Mountain”), L Brands Direct Marketing, Inc.

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

Comenity victoria's secret bank