exhibit 10. 7 execution copy transfer and servicing agreement dated as of april 4, 2007 partridge acquired portfolio business trust among partridge funding corporation, as transferor, compucredit international acquisition corporation, as servicer, partridge acquired portfolio business trust, as issuer and deutsche bank trust company americas, as indenture trustee table of contents page - i - table of contents ( continued ) page article iv collections and allocations article v other matters relating to the transferor article vi other matters relating to the servicer article vii insolvency events article viii servicer defaults - ii - table of contents ( continued ) page article ix termination article x miscellaneous provisions - iii - transfer and servicing agreement, dated as of april 4, 2007, among partridge funding corporation, a nevada corporation, as transferor, compucredit international acquisition corporation, a nevada corporation, as servicer, partridge acquired portfolio business trust, a nevada business trust, as issuer, and deutsche bank trust company americas, a new york banking corporation, as indenture trustee. in consideration of the mutual agreements herein contained, each party agrees as follows for the benefit of the other parties, the noteholders, any o / c holder and any series enhancer to the extent provided herein, in the indenture and in any indenture supplement : article i definitions section 1. 01. definitions. whenever used in this agreement, the following words and phrases shall have the following meanings, and the definitions of such terms are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms. “ account ” shall mean each visa®1 consumer revolving credit card account which is ( a ) in existence at the cut - off time and is identified in the account schedule, ( b ) each related account, or ( c ) each transferred account, but shall exclude, after the applicable removal date, any account in which all the receivables are reassigned to an account owner or a seller pursuant to a receivables purchase agreement. “ account owner ” shall mean ( i ) prior to the conversion date, barclays bank plc and ( ii ) on and after the conversion date, raphaels bank or any other entity which is the owner or issuer of the credit card relating to an account pursuant to a credit card agreement. “ account ownership agreement ” shall mean the account ownership agreement dated as of april 4