EX-10.93







Exhibit
10(93)





EXECUTION COPY




SUPPORT AGREEMENT




     AGREEMENT (this “Agreement”), dated as of July 10, 2008 between AMERICAN INTERNATIONAL
GROUP, INC., a Delaware corporation (“AIG”), and AMERICAN GENERAL FINANCE CORPORATION, an
Indiana corporation (“AGFC”).



W I T N E S S E T H:




     WHEREAS, AIG owns as of the date hereof indirectly all of the issued and outstanding common
stock of AGFC; and



     WHEREAS, AGFC desires to enter into the AGFC 364-Day Credit Agreement (as defined below) which
provides for borrowings by AGFC from time to time as provided therein; and



     WHEREAS, in connection therewith, AIG desires to take certain actions to maintain the
financial condition of AGFC as hereinafter set forth; and



     WHEREAS, the corporate interests of AIG will be furthered by its entering into this Agreement;



     NOW THEREFORE, AGFC and AIG hereby agree as follows:



     1. Definitions. As used in this Agreement, the following terms shall have the meanings
specified below:



          “Adjusted Debt” shall mean, at any time, the sum of short term debt and long term debt
of AGFC and its subsidiaries as shown on AGFC’s consolidated balance sheet, less the sum of (x) the
amount of unrestricted cash and cash equivalents as shown on AGFC’s consolidated balance sheet in
excess of $250,000,000 and (y) (but only to the extent included in such debt) the amount of hybrid
debt then outstanding that is afforded equity credit as disclosed in AGFC’s most recently filed
Annual Report on Form 10-K or Quarterly Report on Form 10-Q.



          “Adjusted Tangible Leverage Ratio” shall mean, at any time, the ratio of (i) Adjusted
Debt to (ii) Adjusted Tangible Net Worth.



          “Adjusted Tangible Net Worth” shall mean, at any time, Consolidated Net Worth, less
the sum of the total amount of goodwill, and other intangible assets, all determined in accordance
with GAAP, plus (without duplication) the amount of hybrid debt then outstanding that is afforded
equity credit as disclosed in AGFC’s most recently filed Annual Report on Form 10-K or Quarterly
Report on Form 10-Q.



          “AGFC 364-Day Credit Agreement” shall mean the 364-Day Credit Agreement, dated as of
July 10, 2008, by and between AGFC and American General Finance, Inc., as borrowers, and Citibank,
N.A., as administrative agent, and the lenders party thereto, as amended



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and in effect from time to time.




          “Consolidated Net Worth” shall mean, at any time, AGFC’s total shareholders’ equity
minus the amount of accumulated other comprehensive income or loss as shown on AGFC’s
consolidated balance sheet.



          “GAAP” shall mean generally accepted accounting principles in effect from time to time
in the United States, applied on a consistent basis.



     2. Support Undertakings.



     A. AIG will cause AGFC at all times to maintain Consolidated Net Worth of at least
$2,200,000,000.



     B. AIG will cause AGFC at the end of each fiscal quarter to maintain the Adjusted Tangible
Leverage Ratio of less than or equal to 8.00 to 1.00; provided that if the Adjusted
Tangible Leverage Ratio at the end of any fiscal quarter shall be greater than 8.00 to 1.00, AIG
shall be in compliance with its undertaking with respect to such fiscal quarter under this
paragraph 2.B if, not later than (a) in the case of the first three fiscal quarters of each fiscal
year of AGFC, the earlier of (i) the filing by AGFC with the Securities and Exchange Commission
(“SEC”) of a Quarterly Report on Form 10-Q for such fiscal quarter and (ii) 45 days after
the end of such fiscal quarter or (b) in the case of each fiscal year of AGFC, the earlier of (i)
the filing by AGFC with the SEC of an Annual Report on Form 10-K for such fiscal year and (ii) 90
days after the end of such fiscal year, AIG will cause a capital contribution to be made to AGFC or
otherwise cause AGFC to take actions such that if such capital contribution had been made or such
actions had been taken as of the last day of such fiscal quarter or fiscal year, as applicable,
together with any other capital contributions or actions, if any, made or taken subsequent to the
end of such fiscal quarter or fiscal year, as applicable, such Adjusted Tangible Leverage Ratio
would have been less than or equal to 8.00 to 1.00.



     3. No Guarantee. This Agreement is not, and nothing herein contained and nothing herein
contained and nothing done pursuant hereto by AIG shall be deemed to constitute, a direct or
indirect guarantee by AIG of the payment of any indebtedness or other obligation or liability, of
any kind or character whatsoever, of AGFC or its subsidiaries, if any.



     4. Representations and Warranties. AIG represents and warrants that: AIG has duly authorized,
executed and delivered this Agreement; neither the execution and delivery hereof nor the
consummation of the transactions contemplated hereby nor the compliance with the terms hereof (i)
does or will contravene (1) AIG’s restated certificate of incorporation or by-laws or (2) any other
law or regulation then applicable to or binding on AIG, (ii) does or will contravene or result in
any breach or constitute any default under any agreement or instrument to which AIG is a party or
by which it or any of its properties may be bound, or (iii) does or will require the consent or
approval of any person or entity which has not previously been obtained, in the case of each of
(i), (ii) and (iii) above, in a manner that would materially impair AIG’s ability to perform its
obligations under this Agreement; and this Agreement constitutes the legally valid and binding
obligation of AIG, enforceable against AIG (and its successors and assigns) in accordance with the
terms of this Agreement, subject to applicable bankruptcy, insolvency,



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moratorium and other similar laws affecting creditors’ rights generally and general principles of
equity.



     5. Waiver. AIG hereby waives any failure or delay on the part of AGFC in asserting or
enforceing any of its rights or in making any claims or demands under this Agreement.



     6. Modification, Amendment and Termination. This Agreement may only be modified or amended so
as to reduce AIG’s obligations hereunder with the consent of the Majority Banks (as defined in the
AGFC 364-Day Credit Agreement), and this Agreement shall terminate automatically upon: (i) the
earlier of (x) the Commitment Termination Date (as defined in the AGFC 364-Day Credit Agreement) or
(y) the termination of the Commitments (as defined in the AGFC 364-Day Credit Agreement)
thereunder; and (ii) any of the following: (x) payment in full of the loans, if any,
outstanding and all other amounts owing under the AGFC 364-Day Credit Agreement, (y) AIG providing
an irrevocable and unconditional written guarantee of such payment in favor of the lenders party to
the AGFC 364-Day Credit Agreement or (z) consent in writing of the Majority Banks to such
termination.



     7. Successors. The agreements herein set forth shall be mutually binding upon, and inure to
the mutual benefit of, AIG and AGFC and their respective successors.



     8. Third Party Beneficiaries. AIG and AGFC hereby acknowledge that the agreements herein are
intended to benefit the Banks (as defined in the AGFC 364-Day Credit Agreement).



     9. Governing Law. This Agreement shall be governed by and construed in accordance with the
law of the State of New York.




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     IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of
the day and year first above written.



	 	 	 	 	 
	 	AMERICAN INTERNATIONAL GROUP, INC.

 	 
	 	By:  	/s/ Robert A. Gender
 	 
	 	 	Name:  	Robert A. Gender 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 
	 	AMERICAN GENERAL FINANCE CORPORATION

 	 
	 	By:  	/s/ Donald R. Breivogel ,Jr.
 	 
	 	 	Name:  	Donald R. Breivogel, Jr. 	 
	 	 	Title:  	Senior Vice President and

Chief Financial Officer 	 
	 



 Support Agreement