BLUESTEM LETTER AGREEMENTBluestem Letter Agreement • June 10th, 2011 • Bluestem Brands, Inc. • Retail-catalog & mail-order houses • New York
We refer to the Credit Agreement, dated as of August 20, 2010, between Fingerhut Receivables I, LLC (the “Company”), the Tranche A Lenders and Tranche B Lenders from time to time parties thereto, Goldman Sachs Bank USA (“GS Bank”), as administrative agent, collateral agent, joint lead arranger, joint bookrunner, syndication agent and documentation agent, and J.P. Morgan Securities Inc., as joint lead arranger and joint bookrunner (“Credit Agreement”). Defined terms used but not defined herein or in Appendix A hereto have the meaning specified in the Credit Agreement. This is the “Bluestem Letter Agreement” referred to in the Credit Agreement and reflects the agreement of the parties hereto as to the matters specified herein.
