Document:

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EXHIBIT 4.4

FORM OF REMARKETING AGREEMENT

[                                                            ]

U.S. Bank National Association

100 Wall Street

New York, New York 10005

Tel: (212) 361-2505

Fax: (212) 809-4993

Attention: Patrick J. Crowley, Vice President

Ladies and Gentlemen:

     This
Agreement is dated as of [•] (the “Agreement”) by and among Johnson Controls, Inc.,
a Wisconsin corporation (the “Company”), [                                        ], as the reset agent and the
remarketing agent (the “Remarketing Agent”), and U.S. Bank National Association, a national banking
association, not individually but solely as Purchase Contract Agent (the “Purchase Contract Agent”)
and as attorney-in-fact of the holders of Purchase Contracts (as defined in the Purchase Contract
and Pledge Agreement referred to below).

Section 1.

Definitions.

     (a) Capitalized terms used and not defined in this Agreement shall have the meanings set forth
in the Purchase Contract and Pledge Agreement, dated as of March [___], 2009, among the Company,
U.S. Bank National Association, as Purchase Contract Agent and attorney-in-fact for the Holders of
the Purchase Contracts, and U.S. Bank National Association, as Collateral Agent, Custodial Agent
and Securities Intermediary, as amended from time to time (the “Purchase Contract and Pledge
Agreement”).

     (b) As used in this Agreement, the following terms have the following meanings:

     “Agreement” has the meaning specified in the first paragraph of this Remarketing Agreement.

     “Commencement Date” has the meaning specified in Section 3.

     “Commission” means the Securities and Exchange Commission.

     “Company” has the meaning specified in the first paragraph of this Remarketing Agreement.

     “Disclosure Package” has the meaning specified in Section 7(a).

 

 

     “Issuer Free Writing Prospectus” means an issuer free writing prospectus, as defined in Rule
433 under the Securities Act.

     “Preliminary Prospectus” means any preliminary prospectus relating to the Remarketed Notes
included in the Registration Statement, including the documents incorporated by reference therein
as of the date of such Preliminary Prospectus.

     “Prospectus” means the prospectus relating to the Remarketed Notes, in the form in which first
filed, or transmitted for filing, with the Commission after the effective date of the Registration
Statement pursuant to Rule 424(b) under the Securities Act, including the documents incorporated by
reference therein as of the date of such Prospectus; and any reference to any amendment or
supplement to such Prospectus shall be deemed to refer to and include any documents filed after the
date of such Prospectus, under the Exchange Act, and incorporated by reference in such Prospectus.

     “Purchase Contract and Pledge Agreement” has the meaning specified in Section 1(a).

     “Registration Statement” means a registration statement under the Securities Act prepared by
the Company covering, inter alia, the Remarketing of the Remarketed Notes pursuant to Section 5(a)
hereunder, including all exhibits thereto and the documents incorporated by reference in the
Prospectus and any post-effective amendments thereto.

     “Remarketed Notes” means, with respect to all Remarketings during any Applicable Remarketing
Period, the aggregate Notes underlying the Pledged Applicable Ownership Interests in Notes and the
Separate Notes, if any, subject to Remarketing as identified to the Remarketing Agent by the
Purchase Contract Agent and the Custodial Agent, respectively, in each case by 11:00 a.m. New York
City time, in the case of an Early Remarketing, or promptly after 4:00 p.m., New York City time, in
the case of a Final Remarketing, on the Business Day immediately prior to the first day of the
Applicable Remarketing Period in accordance with the Purchase Contract and Pledge Agreement and
shall include: (a) the Notes underlying the Pledged Applicable Ownership Interests in Notes of the
Holders of Corporate Units who have not effected a Collateral Substitution, Early Settlement or a
Fundamental Change Early Settlement in accordance with the Purchase Contract and Pledge Agreement,
and, in the case of a Final Remarketing, Holders of Corporate Units who have not notified the
Purchase Contract Agent prior to 4:00 p.m., New York City time, on the seventh Business Day
immediately preceding the Purchase Contract Settlement Date of their intention to effect a Cash
Settlement of the related Purchase Contracts pursuant to the terms of the Purchase Contract and
Pledge Agreement or who have so notified the Purchase Contract Agent but failed to make the
required cash payment prior to 11:00 a.m., New York City time, on the sixth Business Day
immediately preceding the Purchase Contract Settlement Date, and (b) the Separate Notes of the
holders of Separate Notes, if any, who have elected to have their Separate Notes remarketed in such
Remarketing pursuant to the terms of the Purchase Contract and Pledge Agreement.

     “Remarketing Fee” has the meaning specified in Section 4.

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     “Remarketing Materials” means the Preliminary Prospectus, the Prospectus or any other
information furnished by the Company to the Remarketing Agent for distribution to investors in
connection with the Remarketing.

     “Reset Rate” has the meaning specified in Section 2(d).

     “Securities” has the meaning specified in Section 10.

     “Transaction Documents” means this Agreement, the Purchase Contract and Pledge Agreement and
the Indenture, in each case as amended or supplemented from time to time.

Section 2.

Appointment and Obligations of the Remarketing Agent

     (a) The Company hereby appoints [                                                            ] as the exclusive Remarketing Agent,
and, subject to the terms and conditions set forth herein, [                                        ] hereby accepts
appointment as Remarketing Agent, for the purpose of (i) remarketing the Remarketed Notes on behalf
of the holders thereof, (ii) determining, in consultation with the Company, in the manner provided
for herein and in the Purchase Contract and Pledge Agreement and the Supplemental Indenture, the
Reset Rate for the Notes, and (iii) performing such other duties as are assigned to the Remarketing
Agent in the Transaction Documents.

     (b) Unless a Termination Event has occurred prior to such date, if the Company elects to
conduct an Early Remarketing during an Early Remarketing Period selected by the Company pursuant to
the Purchase Contract and Pledge Agreement, the Remarketing Agent shall use its reasonable efforts
to remarket the Remarketed Notes at the applicable Remarketing Price. If the Remarketing Agent is
unsuccessful on the first Early Remarketing Date during such Early Remarketing Period, a subsequent
Remarketing shall be attempted (unless impracticable) by the Remarketing Agent on each of the two
following Early Remarketing Dates in that Early Remarketing Period until a Successful Early
Remarketing occurs. For the avoidance of doubt, the Company shall determine in its sole discretion
if and when to attempt an Early Remarketing, as the Company may postpone an Early Remarketing in
its absolute discretion.

     (c) In the case there is no Successful Early Remarketing during any Early Remarketing Period
or no Early Remarketing occurs on any Early Remarketing Date, if any, and unless a Termination
Event has occurred prior to such date, on the Final Remarketing Date or Dates in the Final
Remarketing Period, the Remarketing Agent shall use its reasonable efforts to remarket the
Remarketed Notes at the applicable Remarketing Price. It is understood and agreed that the
Remarketing on any Final Remarketing Date will be considered successful and no further attempts
will be made if the resulting proceeds are at least equal to the applicable Remarketing Price. The
Company may not postpone a Remarketing during the Final Remarketing Period.

     (d) In connection with each Remarketing, the Remarketing Agent shall determine, in
consultation with the Company, the terms of the Notes, including those which may be modified in
connection with the Remarketing pursuant to the Indenture, including the rate per annum, rounded to
the nearest one-thousandth (0.001) of one percent per annum, that the Notes should bear (the “Reset
Rate”) in order for the Remarketed Notes to have an aggregate market value

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equal to at least the applicable Remarketing Price and that in the sole reasonable discretion
of the Remarketing Agent will enable it to remarket all of the Remarketed Notes at no less than the
applicable Remarketing Price in such Remarketing; provided that such rate shall not exceed the
maximum interest rate permitted by applicable law.

     (e) If, by 4:00 p.m., New York City time, on the applicable Remarketing Date, (1) the
Remarketing Agent is unable to remarket all of the Remarketed Notes, other than to the Company, at
the applicable Remarketing Price pursuant to the terms and conditions hereof or (2) the Remarketing
did not occur on such Remarketing Date because one of the conditions set forth in Section 6 hereof
was not satisfied, a Failed Remarketing shall be deemed to have occurred, and the Remarketing Agent
shall advise by telephone (and promptly deliver a notice in writing thereafter) the Depositary, the
Purchase Contract Agent, the Collateral Agent and the Company of any such Failed Remarketing.
Whether or not there has been a Failed Remarketing will be determined in the sole reasonable
discretion of the Remarketing Agent. In the event of a Failed Remarketing, the applicable interest
rate on the Notes will not be reset, and will continue to be the Coupon Rate set forth in the
Supplemental Indenture.

     (f) In the event of a Successful Remarketing, by approximately 4:30 p.m., New York City time,
on the applicable Remarketing Date, the Remarketing Agent shall advise, by telephone:

	 	(1)	 	the Depositary, the Purchase Contract Agent and the Company
(and promptly deliver a notice in writing thereafter) of the Reset Rate
determined by the Remarketing Agent in such Remarketing and the number of
Remarketed Notes sold in such Remarketing;
	 
	 	(2)	 	each purchaser (or the Depositary Participant thereof) of
Remarketed Notes of the Reset Rate and the number of Remarketed Notes such
purchaser is to purchase;
	 
	 	(3)	 	each such purchaser (if other than a Depositary Participant) to
give instructions to its Depositary Participant to pay the purchase price on
the Remarketing Settlement Date in same day funds against delivery of the
Remarketed Notes purchased through the facilities of the Depositary; and
	 
	 	(4)	 	each such purchaser (or Depositary Participant thereof) that
the Remarketed Notes will not be delivered until the Remarketing Settlement
Date and that if such purchaser wishes to trade the Remarketed Notes that it
has purchased prior to the third Business Day preceding the Remarketing
Settlement Date, such purchaser will have to specify an alternative settlement
cycle at the time of any such trade to prevent failed settlement.

     The Remarketing Agent shall also, if required by the Securities Act, deliver, in conformity
with the requirements of the Securities Act, to each purchaser a Prospectus in connection with the
Remarketing.

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     (g) The proceeds from a Successful Remarketing (i) with respect to the Notes underlying the
Applicable Ownership Interests in Notes that are components of the Corporate Units, shall be paid
to the Collateral Agent in accordance with Section 5.02 or 5.03, as applicable, of the Purchase
Contract and Pledge Agreement and (ii) with respect to the Separate Notes, shall be paid to the
Custodial Agent for payment to the holders of such Separate Notes in accordance with Section 5.02
or 5.03, as applicable, of the Purchase Contract and Pledge Agreement.

     (h) It is understood and agreed that the Remarketing Agent shall not have any obligation
whatsoever to purchase any Remarketed Notes, whether in the Remarketing or otherwise, and shall in
no way be obligated to provide funds to make payment upon tender of Remarketed Notes for
Remarketing or to otherwise expend or risk its own funds or incur or to be exposed to financial
liability in the performance of its duties under this Agreement. Neither the Company nor the
Remarketing Agent shall be obligated in any case to provide funds to make payment upon tender of
the Remarketed Notes for Remarketing.

Section 3.

Representations and Warranties of the Company.

     The Company represents and warrants (i) on and as of the date any Remarketing Materials are
first distributed in connection with the Remarketing (the “Commencement Date”), (ii) on and as of
the applicable Remarketing Date and (iii) on and as of the Remarketing Settlement Date, that:

     (a) Each of the representations and warranties of the Company as set forth in Section 1 (other
than those made in subsection (h), (i) and (q)) of the Underwriting Agreement is true and correct
as if made on each of the dates specified above; provided that for purposes of this Section 3(a),
any reference in such sections of the Underwriting Agreement to (i) the “Registration Statement”
and the “Prospectus” shall be deemed to refer to such terms as defined herein, (ii) the “Closing
Date” shall be deemed to refer to the Remarketing Settlement Date, (iii) the “Securities” shall be
deemed to refer to the Remarketed Notes, (iv) the “preliminary prospectus” shall be deemed to refer
to the “Preliminary Prospectus,” (v) “Agreement” shall be deemed to refer to this Agreement, (vi)
“Underwriter” shall be deemed to refer to the Remarketing Agent and (vii) “Securities Agreements”
shall be deemed to refer to this Agreement, the Notes and the Indenture.

     (b) The Notes and the Indenture conform in all material respects to the description thereof
contained in the Prospectus, if any.

     (c) No default or an event of default, and no event that with the passage of time or the
giving of notice or both would become an event of default, shall occur and be continuing, under any
of the Securities Agreements (as defined in the Underwriting Agreement).

Section 4.

Fees.

     In the event of a Successful Remarketing of the Remarketed Notes, the Company shall pay the
Remarketing Agent a remarketing fee to be agreed upon in writing by the Company and

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the Remarketing Agent prior to any such Remarketing (the “Remarketing Fee”), unless the
Company directs the Remarketing Agent to include such fee in the Remarketing Price and the
Remarketing Agent is able to remarket the Notes for an amount which includes the Remarketing Fee.
In any such case, the Remarketing Agent may deduct the applicable Remarketing Fee from any amount
of the proceeds from the Successful Remarketing in excess of the aggregate principal amount of
Remarketed Notes. Any unpaid portion of the Remarketing Fee shall be paid by the Company on the
Remarketing Settlement Date in cash by wire transfer of immediately available funds to the account
designated by the Remarketing Agent.

Section 5.

Covenants of the Company.

     The Company covenants and agrees as follows:

     (a) If and to the extent the Remarketed Notes are required (in the view of counsel, which need
not be in the form of a written opinion, for either the Remarketing Agent or the Company) to be
registered under the Securities Act as in effect at the time of the Remarketing,

	 	(1)	 	to prepare the Registration Statement and the Prospectus, in a
form approved by the Remarketing Agent, to file any such Prospectus pursuant to
the Securities Act within the period required by the Securities Act and the
rules and regulations thereunder and to use commercially reasonable efforts to
cause the Registration Statement to be declared effective by the Commission
prior to the second Business Day immediately preceding the applicable
Remarketing Date;
	 
	 	(2)	 	to file promptly with the Commission any amendment to the
Registration Statement or the Prospectus or any supplement to the Prospectus
that may, in the reasonable judgment of the Company or the Remarketing Agent,
be required by the Securities Act or requested by the Commission;
	 
	 	(3)	 	to advise the Remarketing Agent, promptly after it receives
notice thereof, of the time when any amendment to the Registration Statement
has been filed or becomes effective or any supplement to the Prospectus or any
amended Prospectus has been filed and to furnish the Remarketing Agent with
copies thereof;
	 
	 	(4)	 	to file promptly all reports and any definitive proxy or
information statements required to be filed by the Company with the Commission
pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to
the date of the Prospectus and for so long as the delivery of a Prospectus is
required in connection with the offering or sale of the Remarketed Notes;
	 
	 	(5)	 	to file all Issuer Free Writing Prospectuses required to be
filed by the Company with the Commission pursuant to Rule 433(d) under the
Securities Act;

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	 	(6)	 	to advise the Remarketing Agent, promptly after it receives
notice thereof, of the issuance by the Commission of any stop order or of any
order preventing or suspending the use of the Preliminary Prospectus or the
Prospectus, of the suspension of the qualification of any of the Remarketed
Notes for offering or sale in any jurisdiction, of the initiation or
threatening of any proceeding for any such purpose, or of any request by the
Commission for the amending or supplementing of the Registration Statement or
the Prospectus or for additional information, and, in the event of the issuance
of any stop order or of any order preventing or suspending the use of any
Preliminary Prospectus or any Prospectus or suspending any such qualification,
to use promptly its best efforts to obtain its withdrawal;
	 
	 	(7)	 	to furnish promptly to the Remarketing Agent such copies of the
following documents as the Remarketing Agent shall reasonably request: (A)
conformed copies of the Registration Statement as originally filed with the
Commission and each amendment thereto (in each case excluding exhibits); (B)
the Preliminary Prospectus and any amended or supplemented Preliminary
Prospectus; (C) the Prospectus and any amended or supplemented Prospectus; and
(D) any document incorporated by reference in the Prospectus (excluding
exhibits thereto); and, if at any time when delivery of a prospectus (or in
lieu thereof, the notice referred to in Rule 173(a) under the Securities Act)
is required in connection with the Remarketing, any event shall have occurred
as a result of which the Prospectus as then amended or supplemented would
include any untrue statement of a material fact or omit to state any material
fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made when such Prospectus (or in lieu
thereof, the notice referred to in Rule 173(a) under the Securities Act) is
delivered, not misleading, or if for any other reason it shall be necessary
during such same period to amend or supplement the Prospectus or to file under
the Exchange Act any document incorporated by reference in the Prospectus in
order to comply with the Securities Act or the Exchange Act, to notify the
Remarketing Agent and, upon its request, to file such document and to prepare
and furnish without charge to the Remarketing Agent and to any dealer in
securities as many copies as the Remarketing Agent may from time to time
reasonably request of an amended or supplemented Prospectus that will correct
such statement or omission or effect such compliance;
	 
	 	(8)	 	prior to filing with the Commission (A) any amendment to the
Registration Statement or supplement to the Prospectus or (B) any Prospectus
pursuant to Rule 424 under the Securities Act, to furnish a copy thereof to the
Remarketing Agent; and not to file any such amendment or supplement that shall
be reasonably disapproved by the Remarketing Agent;

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	 	(9)	 	as soon as practicable, but in any event not later than
eighteen months, after the date of a Successful Remarketing, to make “generally
available to its security holders” an “earnings statement” of the Company and
its subsidiaries complying with (which need not be audited) Section 11(a) of
the Securities Act and the rules and regulations thereunder (including, at the
option of the Company, Rule 158 under the Securities Act). The terms “generally
available to its security holders” and “earnings statement” shall have the
meanings set forth in Rule 158; and
	 
	 	(10)	 	to take such action as the Remarketing Agent may reasonably
request in order to qualify the Remarketed Notes for offer and sale under the
securities or “blue sky” laws of such jurisdictions as the Remarketing Agent
may reasonably request; provided that in no event shall the Company be required
to qualify as a foreign corporation or to file a general consent to service of
process in any jurisdiction.

     (b) To pay: (1) the costs incident to the preparation and printing of the Registration
Statement, if any, any Preliminary Prospectus, any Issuer Free Writing Prospectus, any Prospectus
and any other Remarketing Materials and any amendments or supplements thereto; (2) the costs of
distributing the Registration Statement, if any, any Prospectus and any other Remarketing Materials
and any amendments or supplements thereto; (3) any fees and expenses of qualifying the Remarketed
Notes under the securities laws of the several jurisdictions as provided in Section 5(a)(10) and of
preparing, printing and distributing a Blue Sky Memorandum, if any (including any related
reasonable fees and expenses of counsel to the Remarketing Agent); (4) all other costs and expenses
incident to the performance of the obligations of the Company hereunder and the Remarketing Agent
hereunder; and (5) the reasonable fees and expenses of counsel to the Remarketing Agent in
connection with its duties hereunder.

     (c) To furnish the Remarketing Agent with such information and documents as the Remarketing
Agent may reasonably request in connection with the transactions contemplated hereby, and to make
reasonably available to the Remarketing Agent and any accountant, attorney or other advisor
retained by the Remarketing Agent such information that parties would customarily require in
connection with a due diligence investigation conducted in accordance with applicable securities
laws and to cause the Company’s officers, directors, employees and accountants to participate in
all such discussions and to supply all such information reasonably requested by any such Person in
connection with such investigation.

Section 6.

Conditions to the Remarketing Agent’s Obligations.

     The obligations of the Remarketing Agent hereunder shall be subject to the following
conditions:

     (a) The Prospectus, and any supplement thereto, has been filed in the manner and within the
time period required by Rule 424(b); the Issuer Free Writing Prospectus, if any, and any other
material required to be filed by the Company pursuant to Rule 433(d) under the

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Securities Act, shall have been timely filed with the Commission within the applicable time
periods prescribed for such filings by Rule 433; the Company has paid the fees required by the
Commission relating to the Remarketed Notes within the time required by Rule 456(b)(1) without
regard to the proviso therein and otherwise in accordance with Rules 456(b) and 457(r); and no stop
order suspending the effectiveness of the Registration Statement or any notice objecting to its use
shall have been issued and no proceedings for that purpose shall have been instituted or
threatened.

     (b) (1) Trading in the Company’s securities shall not have been suspended by the Commission or
the New York Stock Exchange or trading in securities generally on the NYSE shall not have been
suspended or limited or minimum prices shall not have been established on such exchange; (2) a
banking moratorium shall not have been declared either by U.S. federal or New York State
authorities; or (3) there shall not have occurred any outbreak or escalation of hostilities,
declaration by the United States of a national emergency or war or other calamity or crisis the
effect of which on financial markets is such, in the sole judgment of the Remarketing Agent, as to
prevent or materially impair the Remarketing, or enforcement of contracts for sale, of the
Remarketed Notes.

     (c) The representations and warranties of the Company contained herein shall be true and
correct in all material respects on and as of the applicable Remarketing Date, and the Company, the
Purchase Contract Agent and the Collateral Agent shall have performed in all material respects all
covenants and agreements contained herein or in the Purchase Contract and Pledge Agreement to be
performed on their part at or prior to such Remarketing Date.

     (d) The Company shall have furnished to the Remarketing Agent a certificate, dated the
applicable Remarketing Date, of the Chief Financial Officer satisfactory to the Remarketing Agent
stating that the representations and warranties of the Company in Section 3 are true and correct on
and as of the applicable Remarketing Date and the Company has performed in all material respects
all covenants and agreements contained herein to be performed on its part at or prior to such
Remarketing Date.

     (e) On the applicable Remarketing Date, the Remarketing Agent shall have received a letter
addressed to the Remarketing Agent and dated such date, in form and substance satisfactory to the
Remarketing Agent, of the independent accountants of the Company, containing statements and
information of the type ordinarily included in accountants’ “comfort letters” with respect to
certain financial information contained in the Remarketing Materials, if any.

     (f) Each of (i) outside counsel for the Company reasonably acceptable to the Remarketing
Agent, and (ii) counsel of the Company, shall have furnished to the Remarketing Agent its opinion,
addressed to the Remarketing Agent and dated the applicable Remarketing Date, in form and substance
reasonably satisfactory to the Remarketing Agent addressing such matters as are set forth in such
counsel’s opinion furnished pursuant to Sections 6(b), 6(c) and 6(d), respectively, of the
Underwriting Agreement, adapted as necessary to relate to the securities being remarketed hereunder
and to the Remarketing Materials, if any, or to any changed circumstances or events occurring
subsequent to the date of this Agreement, such adaptations being reasonably acceptable to counsel
to the Remarketing Agent.

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     (g) Counsel for the Remarketing Agent, shall have furnished to the Remarketing Agent its
opinion, addressed to the Remarketing Agent and dated the applicable Remarketing Date, in form and
substance reasonably satisfactory to the Remarketing Agent.

     (h) Subsequent to the Commencement Date and prior to the applicable Remarketing Date, there
shall not have been any decrease in the rating of any of the Company’s debt securities by any
“nationally recognized statistical rating organization” (as defined for purposes of Rule 436(g)
under the Securities Act) or any notice given of any intended or potential decrease in any such
rating or of a possible change in any such rating that does not indicate the direction of the
possible change.

Section 7.

Indemnification.

     (a) The Company agrees to indemnify and hold harmless the Remarketing Agent and any person who
controls the Remarketing Agent within the meaning of either Section 15 of the Securities Act or
Section 20 of the Exchange Act from and against any loss, expense, liability or claim (including
the reasonable cost of investigation) which, jointly or severally, the Remarketing Agent or any
such controlling person may incur under the Securities Act or otherwise, insofar as such loss,
expense, liability or claim arised out of or is based upon any untrue statement or alleged untrue
statement of a material fact contained in the Registration Statement or any amendment thereof, any
Preliminary Prospectus, the Preliminary Prospectus taken together with any Issuer Free Writing
Prospectuses used at or prior to the time of the first sale (the “Disclosure Package”) or the
Prospectus or any amendment or supplement thereto, or arises out of or is based upon any omission
or alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading, except insofar as such loss, expense, liability or
claim arises out of or is based upon any alleged untrue statement of a material fact contained (i)
therein in conformity with the information furnished in writing by or on behalf of the Remarketing
Agent to the Company expressly for use in such documents or (ii) in the Form T-1 Statement of
Eligibility under the Trust Indenture Act of the Indenture Trustee or arises out of or is based
upon any alleged omission to state therein a material fact in connection with such information
required to be stated therein or necessary to make such information not misleading. The Company’s
agreement to indemnify the Remarketing Agent or any such controlling person as aforesaid is
expressly conditioned upon the Company being notified of the action in connection therewith brought
against the Remarketing Agent or such controlling person by letter or telegram or facsimile
transmission addressed to the Company with reasonable promptness after the first legal process
which discloses the nature of the liability or claim shall have been served upon the Remarketing
Agent or such controlling person (or after the Remarketing Agent or such controlling person shall
have received notice of such service upon any agent designated by the Remarketing Agent or such
controlling person), but failure so to notify the Company shall not relieve the Company from any
liability which it may have to the Remarketing Agent or to such controlling person otherwise than
on account of the indemnity agreement contained in this Section 7.

     The Company shall assume the defense of any suit brought to enforce any such liability or
claim, including the employment of counsel satisfactory to the Remarketing Agent or such
controlling person and the payment of all expenses. The Remarketing Agent or such controlling

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person against whom such suit is brought shall have the right to employ one separate counsel
in any such suit and participate in the defense thereof, but the fees and expenses of such counsel
shall be at the expense of the Remarketing Agent or the expense of such controlling person unless
(i) the employment of such counsel has been specifically authorized by the Company or (ii) the
named parties to any such suit (including any impleaded parties) include the Remarketing Agent or
such controlling person and the Company and the Remarketing Agent or such controlling person shall
have been advised by such counsel that there may be one or more legal defenses available to it
which are different from or additional to those available to the Company, in which case the Company
shall not have the right to assume the defense of such action on the behalf of the Remarketing
Agent or on the behalf of such controlling person, it being understood, however, that the Company
shall not, in connection with any one such action or separate but substantially similar or related
actions in the same jurisdiction arising out of the same general allegations or circumstances, be
liable for the reasonable fees and expenses of more than one separate firm of attorneys (and any
required local counsel) for the Remarketing Agent and such controlling persons, which firm (and
local counsel, if any) shall be designated in writing by the Remarketing Agent. The Company shall
not be liable for any settlement of any such action effected without its consent (which will not be
unreasonably withheld or delayed) unless such settlement includes an unconditional release of the
Company from all liability arising out of such loss, expense, liability or claim.

     The Company agrees to notify the Remarketing Agent with reasonable promptness of the
commencement of any litigation or proceedings against the Company or any of its officers or
directors in connection with the issue and sale of the Securities or with the Registration
Statement, any Preliminary Prospectus, the Disclosure Package, the Prospectus or any amendments or
supplements thereto.

     (b) The Remarketing Agent represents and warrants that the information furnished in writing to
the Company expressly for use with reference to the Remarketing Agent in the Registration
Statement, the Preliminary Prospectus, the Disclosure Package or the Prospectus does not contain
any untrue statement of a material fact and does not omit to state a material fact in connection
with such information required to be stated in the Registration Statement, the Preliminary
Prospectus or the Prospectus or necessary to make such information (in the case of the Preliminary
Prospectus or the Prospectus, in light of the circumstances under which such information was
provided) not misleading.

     The Remarketing Agent agrees to indemnify, defend and hold harmless the Company, its directors
and officers and any person who controls the Company within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act from and against any loss, expense, liability or
claim (including the reasonable cost of investigation) which, jointly or severally, the Company or
any other indemnified person may incur under the Securities Act or otherwise, insofar as such loss,
expense, liability or claim arises out of or is based upon any untrue statement or alleged untrue
statement of a material fact contained in the Registration Statement, any Preliminary Prospectus,
the Disclosure Package, the Prospectus or any amendment or supplement thereto which is in reliance
on and in conformity with information furnished in writing by or on behalf of the Remarketing Agent
to the Company expressly for use with reference to the Remarketing Agent, or arises out of or is
based upon any omission or alleged omission to state a material fact in connection with such
information required to be stated in any

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of such documents or necessary to make such information (in the case of the Preliminary
Prospectus, the Disclosure Package or the Prospectus, in light of the circumstances under which
such information was provided) not misleading. The Remarketing Agent’s agreement to indemnify the
Company and any other indemnified person as aforesaid is expressly conditioned upon the Remarketing
Agent being notified of the action in connection therewith brought against the Company or any other
indemnified person by letter, telegram, or facsimile transmission addressed to it at its address
furnished to the Company for the purpose, with reasonable promptness after the first legal process
which discloses the nature of the liability or claim shall have been served upon the Company or any
other indemnified person (or after the Company or any such person shall have received notice of
such service on any agent designated by the Company or any such person), but failure so to notify
the Remarketing Agent shall not relieve the Remarketing Agent from any liability which it may have
to the Company or any other indemnified person otherwise than on account of the indemnity agreement
contained in this Section 7.

     The Remarketing Agent shall assume the defense of any suit brought to enforce any such
liability or claim, including the employment of counsel satisfactory to the Company or such other
person and the payment of all expenses. The Company or other indemnified person against whom such
suit is brought shall have the right to employ separate counsel in any such suit and participate in
the defense thereof, but the fees and expenses of such counsel shall be at the expense of the
Company or such other indemnified person unless (i) the employment of such counsel has been
specifically authorized by the Remarketing Agent or (ii) the named parties to any suit (including
any impleaded parties) include the Company or such other indemnified person and the Remarketing
Agent, and the Company or such other indemnified person shall have been advised by such counsel
that there may be one or more legal defenses available to it which are different from or additional
to those available to the Remarketing Agent, in which case the Remarketing Agent shall not have the
right to assume the defense of such action on behalf of the Company or such other indemnified
person, it being understood, however, that the Remarketing Agent shall not, in connection with any
one such action or separate but substantially similar or related actions in the same jurisdiction
arising out of the same general allegations or circumstances, be liable for the reasonable fees and
expenses of more than one separate firm of attorneys (and any required local counsel) for the
Company and such person, which firm (and local counsel, if any) shall be designated in writing by
the Company. The Remarketing Agent shall not be liable for any settlement of any such action
effected without its consent (which will not be unreasonably withheld or delayed) unless such
settlement includes an unconditional release of the Remarketing Agent from all liability arising
out of such loss, expense, liability or claim.

Section 8.

Contribution.

     (a) If the indemnification provided for in this Agreement is unavailable to or insufficient to
hold harmless an indemnified party under Sections 7(a) and 7(b) above for any reason other than as
specified therein in respect of any losses, expenses, liabilities or claims referred to therein,
then each applicable indemnifying party, in lieu of indemnifying such indemnified party, shall
contribute to the amount paid or payable by such indemnified party as a result of such losses,
expenses, liabilities or claims (i) in such proportion as is appropriate to

12

 

reflect the relative benefits received by the Company on the one hand and the Remarketing
Agent on the other hand from the remarketing of the Remarketed Notes; or (ii) if the allocation
provided in clause (i) above is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i) above but also the
relative fault of the Company on the one hand and of the Remarketing Agent on the other hand in
connection with the statements or omissions which resulted in such losses, expenses, liabilities or
claims, as well as any other relevant equitable considerations. The relative benefits received by
the Company on the one hand and the Remarketing Agent on the other hand shall be deemed to be in
the same proportion as the total net proceeds (before deducting expenses) to the Company from the
Remarketing of the Remarketed Notes bears to the total fees received by the Remarketing Agent. The
relative fault of the Company on the one hand and of the Remarketing Agent on the other hand shall
be determined by reference to, among other things, whether the untrue statement or alleged untrue
statement of a material fact or the omission or alleged omission to state a material fact relates
to information supplied by the Company or by the Remarketing Agent and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission. The amount paid or payable by a party as a result of the losses, claims, damages and
liabilities referred to above shall be deemed to include any legal or other fees or expenses
reasonably incurred by such party in connection with investigating or defending any claim or
action.

     (b) The Company and the Remarketing Agent agree that it would not be just or equitable if
contribution pursuant to this Section 8 were determined by pro rata allocation or by any other
method of allocation that does not take account of the equitable considerations referred to in
Section 8(a). The amount paid or payable by an indemnified party as a result of the losses, claims,
damages and liabilities referred to in the immediately preceding paragraph shall be deemed to
include, subject to the limitations set forth above, any legal or other expenses reasonably
incurred by such indemnified party in connection with investigating or defending any such action or
claim. Notwithstanding the provisions of this Section 8, the Remarketing Agent shall not be
required to contribute any amount in excess of the amount by which the Remarketing Fee exceeds the
amount of any damages that the Remarketing Agent have otherwise been required to pay by reason of
such untrue or alleged untrue statement or omission or alleged omission. No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.
The remedies provided for in Section 7 and Section 8 are not exclusive and shall not limit any
rights or remedies which may otherwise be available to any indemnified party at law or in equity.

Section 9.

Resignation and Removal of the Remarketing Agent.

     The Remarketing Agent may resign and be discharged from its duties and obligations hereunder,
and the Company may remove the Remarketing Agent, by giving 30 days’ prior written notice, in the
case of a resignation, to the Company and the Purchase Contract Agent and, in the case of a
removal, to the Remarketing Agent and the Purchase Contract Agent; provided, however, that no such
resignation nor any such removal shall become effective until the Company shall have appointed at
least one nationally recognized broker-dealer as successor Remarketing Agent and such successor
Remarketing Agent shall have entered into a remarketing

13

 

agreement with the Company, in which it shall have agreed to conduct the Remarketing in
accordance with the Transaction Documents in all material respects.

     In any such case, the Company will use commercially reasonable efforts to appoint a successor
Remarketing Agent and enter into such a remarketing agreement with such person as soon as
reasonably practicable. The provisions of Section 7 and Section 8 shall survive the resignation or
removal of the Remarketing Agent pursuant to this Agreement.

Section 10.

Dealing in Securities.

     The Remarketing Agent, when acting as the Remarketing Agent or in its individual or any other
capacity, may, to the extent permitted by law, buy, sell, hold and deal in any of the Remarketed
Notes, Corporate Units, Treasury Units or any of the securities of the Company (collectively, the
“Securities”). The Remarketing Agent may exercise any vote or join in any action which any
beneficial owner of such Securities may be entitled to exercise or take pursuant to the Indenture
with like effect as if it did not act in any capacity hereunder. The Remarketing Agent, in its
individual capacity, either as principal or agent, may also engage in or have an interest in any
financial or other transaction with the Company as freely as if it did not act in any capacity
hereunder.

Section 11.

Remarketing Agent’s Performance; Duty of Care.

     The duties and obligations of the Remarketing Agent shall be determined solely by the express
provisions of this Agreement and the Transaction Documents. No implied covenants or obligations of
or against the Remarketing Agent shall be read into this Agreement or any of the Transaction
Documents. In the absence of bad faith on the part of the Remarketing Agent, the Remarketing Agent
may conclusively rely upon any document furnished to it, as to the truth of the statements
expressed in any of such documents. The Remarketing Agent shall be protected in acting upon any
document or communication reasonably believed by it to have been signed, presented or made by the
proper party or parties except as otherwise set forth herein. The Remarketing Agent shall have no
obligation to determine whether there is any limitation under applicable law on the Reset Rate on
the Notes or, if there is any such limitation, the maximum permissible Reset Rate on the Notes, and
it shall rely solely upon written notice from the Company (which the Company agrees to provide
prior to the eighth Business Day before the applicable Remarketing Date) as to whether or not there
is any such limitation and, if so, the maximum permissible Reset Rate. The Remarketing Agent,
acting under this Agreement, shall incur no liability to the Company or to any holder of Remarketed
Notes in its individual capacity or as Remarketing Agent for any action or failure to act, on its
part in connection with a Remarketing or otherwise, except if such liability is (i) judicially
determined to have resulted from its failure to comply with the material terms of this Agreement or
bad faith, gross negligence or willful misconduct on its part or (ii) determined pursuant to
Section 7 or 8 of this Agreement. The provisions of this Section 11 shall survive the termination
of this Agreement and shall survive the resignation or removal of the Remarketing Agent pursuant to
this Agreement.

14

 

Section 12.

Termination.

     This Agreement shall automatically terminate (i) as to the Remarketing Agent on the effective
date of the resignation or removal of the Remarketing Agent pursuant to Section 9 and (ii) on the
earlier of (x) the occurrence of a Termination Event and (y) the Business Day immediately following
the Purchase Contract Settlement Date. If this Agreement is terminated pursuant to any of the other
provisions hereof, except as otherwise provided herein, the Company shall not be under any
liability to the Remarketing Agent and the Remarketing Agent shall not be under any liability to
the Company, except that if this Agreement is terminated by the Remarketing Agent because of any
failure or refusal on the part of the Company to comply with the terms or to fulfill any of the
conditions of this Agreement, the Company will reimburse the Remarketing Agent for all of its
out-of-pocket expenses (including the fees and disbursements of its counsel) reasonably incurred by
it. Notwithstanding any termination of this Agreement, in the event there has been a Successful
Remarketing, the obligations set forth in Section 4 hereof shall survive and remain in full force
and effect until all amounts payable under said Section 4 shall have been paid in full. In
addition, Sections 7, 8 and 11 hereof shall survive the termination of this Agreement or the
resignation or removal of the Remarketing Agent.

Section 13.

Notices.

     All statements, requests, notices and agreements hereunder shall be in writing, and:

	 	(a)	 	if to the Remarketing Agent, shall be delivered or sent by mail, telex or
facsimile transmission to: [                                        ];
	 
	 	(b)	 	if to the Company, shall be delivered or sent by mail, telex or facsimile
transmission to:

Johnson Controls, Inc.

Mailbox X-32

5757 North Green Bay Avenue

Post Office Box 591

Milwaukee, Wisconsin 53201-0591

Telecopier No.: (414) 524-2077

Attention: Treasurer

With a copy to:

Mailbox X-40

5757 North Green Bay Avenue

Post Office Box 591

Milwaukee, Wisconsin 53201-0591

Telecopier No.: (414) 524-2443

Attention: General Counsel; and

15

 

	 	(c)	 	if to the Purchase Contract Agent, shall be delivered or sent by mail or
facsimile transmission to:

U.S. Bank National Association

100 Wall Street

New York, New York 10005

Tel: (212) 361-2505

Fax: (212) 809-4993

Attention: Patrick J. Crowley, Vice President

     Any such statements, requests, notices or agreements shall take effect at the time of receipt
thereof.

Section 14.

Persons Entitled to Benefit of Agreement.

     This Agreement shall inure to the benefit of and be binding upon each party hereto and its
respective successors. This Agreement and the terms and provisions hereof are for the sole benefit
of only those persons, except that (x) the representations, warranties, indemnities and agreements
of the Company contained in this Agreement shall also be deemed to be for the benefit of the
Remarketing Agent and the person or persons, if any, who control the Remarketing Agent within the
meaning of Section 15 of the Securities Act and (y) the indemnity agreement of the Remarketing
Agent contained in Section 7 of this Agreement shall be deemed to be for the benefit of the
Company’s directors and officers who sign the Registration Statement, if any, and any person
controlling the Company within the meaning of Section 15 of the Securities Act. Nothing contained
in this Agreement is intended or shall be construed to give any person, other than the persons
referred to herein, any legal or equitable right, remedy or claim under or in respect of this
Agreement or any provision contained herein.

Section 15.

Survival.

     The respective agreements, representations, warranties, indemnities and other statements of
the Company or its officers and the Remarketing Agent set forth in or made pursuant to this
Agreement will remain in full force and effect, regardless of any investigation made by or on
behalf of the Remarketing Agent, the Company or any of the indemnified persons referred to in
Section 7 hereof, and will survive delivery of the Remarketed Notes. The provisions of Sections 7,
8 and 11 shall survive the termination and cancellation of this Agreement.

Section 16.

Governing Law.

     THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED WHOLLY WITHIN SUCH STATE.

16

 

Section 17.

Judicial Proceedings.

     Each party hereto expressly accepts and irrevocably submits to the nonexclusive jurisdiction
of the United States District Court for the Southern District of New York and of any New York state
court sitting in New York City for the purposes of all legal proceedings arising out of or relating
to this Agreement or the transactions contemplated hereby. Each party irrevocably waives, to the
fullest extent permitted by applicable law, any objection which it may now or hereafter have to the
laying of the venue of any such proceeding brought in such a court and any claim that any such
proceeding brought in such a court has been brought in an inconvenient forum.

Section 18.

Counterparts.

     This Agreement may be executed in one or more counterparts and, if executed in more than one
counterpart, the executed counterparts shall each be deemed to be an original but all such
counterparts shall together constitute one and the same instrument.

Section 19.

Headings.

     The headings herein are inserted for convenience of reference only and are not intended to be
part of, or to affect the meaning or interpretation of, this Agreement.

Section 20.

Severability.

     If any provision of this Agreement shall be held or deemed to be or shall, in fact, be
invalid, inoperative or unenforceable as applied in any particular case in any or all jurisdictions
because it conflicts with any provisions of any constitution, statute, rule or public policy or for
any other reason, then, to the extent permitted by law, such circumstances shall not have the
effect of rendering the provision in question invalid, inoperative or unenforceable in any other
case, circumstance or jurisdiction, or of rendering any other provision or provisions of this
Agreement invalid, inoperative or unenforceable to any extent whatsoever.

Section 21.

Amendments.

     This Agreement may be amended by an instrument in writing signed by the parties hereto. Each
of the Company and the Purchase Contract Agent agrees that it will not enter into, cause or permit
any amendment or modification of the Transaction Documents or any other instruments or agreements
relating to the Applicable Ownership Interests in Notes, the Notes or the Corporate Units that
would in any way adversely affect the rights, duties and obligations of the Remarketing Agent,
without the prior written consent of the Remarketing Agent.

17

 

Section 22.

Successors and Assigns.

     Except in the case of a succession pursuant to the terms of the Purchase Contract and Pledge
Agreement, the rights and obligations of the Company hereunder may not be assigned or delegated to
any other Person without the prior written consent of the Remarketing Agent. The rights and
obligations of the Remarketing Agent hereunder may not be assigned or delegated to any other Person
(other than an affiliate of the Remarketing Agent) without the prior written consent of the
Company.

     If the foregoing correctly sets forth the agreement by and between the Company, the
Remarketing Agent and the Purchase Contract Agent, please indicate your acceptance in the space
provided for that purpose below.

Section 23.

Rights of the Purchase Contract Agent.

     Notwithstanding any other provisions of this Agreement, the Purchase Contract Agent shall be
entitled to all the rights, protections and privileges granted to the Purchase Contract Agent in
the Purchase Contract and Pledge Agreement.

[SIGNATURES ON THE FOLLOWING PAGE]

18

 

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	JOHNSON CONTROLS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

CONFIRMED AND ACCEPTED:

[                                        ],

as Remarketing Agent

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

U.S. BANK NATIONAL ASSOCIATION,

not individually, but solely as Purchase Contract

Agent and as attorney-in-fact for the Holders of

the Purchase Contracts

	 	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

Patrick J. Crowley
	 	 
	Title:

	 	Vice President	 	 

19EX-10.1

Exhibit 10.1

EXECUTION VERSION

SHORTFALL AGREEMENT

BETWEEN

MAIDEN LANE III LLC

AND

AIG FINANCIAL PRODUCTS CORP.

     This Agreement, made and entered into as of November 25, 2008, by and between Maiden Lane III
LLC., a Delaware limited liability company (“ML III”), and AIG Financial Products Corp., a Delaware
corporation (“AIG-FP”).

WITNESSETH:

     WHEREAS, as of October 31, 2008, AIG-FP was party to the derivative transactions listed on
Schedule A hereto (the “Derivative Transactions”), with an aggregate notional value of
$53,510,385,969;

     WHEREAS, AIG-FP and ML III have entered into a termination agreement with each counterparty to
the Derivative Transactions, each with a trade date of November 10, 2008 (the “Termination
Agreements”), whereby inter alia, each Derivative Transaction would be terminated and each of the
parties to the Derivative Transactions would be released of all of its duties and obligations
thereunder;

     WHEREAS, ML III has entered into a forward purchase agreement with each counterparty to the
Derivative Transactions (the “Purchase Agreements”) whereby ML III will purchase certain CDO Issues
underlying the Derivative Transactions;

     WHEREAS, ML III has entered into the Master Investment and Credit Agreement, dated as of
November 25, 2008, with the Federal Reserve Bank of New York, American International Group, Inc.
(“AIG”) and The Bank of New York Mellon (the “Master Investment and Credit Agreement”) in
connection with obtaining certain loans and equity contributions to purchase the CDO Issues;

     WHEREAS, ML III entered into the Purchase Agreements and the Master Investment and Credit
Agreement in partial reliance on AIG-FP’s promise to make the payments, if any, described herein
and AIG-FP has entered into the Termination Agreements in partial reliance on ML III’s promises to
make the payments, if any, described herein;

     WHEREAS, AIG-FP has delivered collateral to the counterparties to the Derivative Transactions
(the “Counterparties”) as set forth on Schedule A hereto, as previously determined by ML III or its
designee(s), in consultation with AIG-FP (with respect to each Derivative Transaction, the “Posted
Collateral”); and

     WHEREAS, as of October 31, 2008, the difference between the notional value of each Derivative
Transaction and the market value of the related CDO Issue, or portion of a CDO Issue, as
applicable, underlying such Derivative Transaction was as set forth in Schedule A hereto under the
heading “Negative Mark-to-Market,” as previously determined by ML III or its designee(s), in
consultation with AIG-FP (with respect to each Derivative Transaction, the “Transaction Value”);

     NOW, THEREFORE, in consideration of the mutual promises herein contained, the parties hereto
agree as follows:

     1. Definitions. Capitalized terms used, but not defined, herein shall have the
meanings ascribed to them in the Purchase Agreements, or, if not defined therein, the Master
Investment and Credit Agreement.

     (a) “Adjustment Date” means the fifth Business Day following the final Forward Closing
Date, or such other date as may be agreed to by ML III and AIG-FP.

 

 

     (b) “Collateral Excess Amount” means, with respect to each Derivative Transaction, the
amount by which (i) the Posted Collateral for the portion of the Derivative Transaction that
terminated as a result of consummation of the transactions contemplated by the related
Termination Agreement and Forward Purchase Agreement exceeds (ii) the Transaction Value for
such consummated transactions.

     (c) “Collateral Shortfall Amount” means, with respect to each Derivative Transaction,
the amount by which (i) the Transaction Value for the portion of the Derivative Transaction
that terminated as a result of consummation of the transactions contemplated by the related
Termination Agreement and Forward Purchase Agreement exceeds (ii) the Posted Collateral for
such portion of such terminated Derivatives Transaction.

     2. Adjustment Payments.

     (a) On the Adjustment Date, if the aggregate Collateral Excess Amounts exceed the
aggregate Collateral Shortfall Amounts, ML III shall, on the Adjustment Date, pay or cause
to be paid, in immediately available funds, the amount of such excess to AIG-FP.

     (b) On the Adjustment Date, if the aggregate Collateral Shortfall Amounts exceed the
aggregate Collateral Excess Amounts, AIG-FP shall pay, in immediately available funds, the
amount of such excess to ML III for credit to the Collateral Account.

     (c) To the extent ML III has received amounts by means of set-off credit to the amounts
otherwise payable by ML III to the Counterparties, or otherwise has collected fixed amount
payments accrued prior to the Trade Date, ML III shall pay such amounts to AIG-FP on the
first Payment Date following such collection or set off (to the extent collected or set off
by the second day prior to the relevant Notice Date), with such amounts to be determined by
ML III, or its designee(s), in consultation with AIG-FP.

     3. AIG-FP’s Representations and Warranties.

     (a) Organization; Powers. AIG-FP is duly organized, validly existing and in good
standing under the laws of the jurisdiction of its organization and has all requisite power
and authority to execute, deliver and perform its obligations hereunder.

     (b) Authorization; No Conflict. The execution, delivery and performance of this
Agreement by AIG-FP have been duly authorized by all requisite corporate and, if required,
stockholder action and will not (A) result in the violation by AIG-FP of (1) any provision
of law, statute, rule or regulation, or of the certificate or articles of incorporation or
other constitutive documents or bylaws of AIG-FP, (2) any order of any nation or government,
any state or other political subdivision thereof, any agency, authority, instrumentality,
regulatory body, court, central bank or other entity exercising executive, legislative,
judicial, taxing, regulatory or administrative functions of or pertaining to government, any
securities exchange and any self-regulatory organization (each, a “Governmental Authority”)
or (3) any provision of any indenture, agreement or other instrument to which AIG-FP is a
party or by which it or any of its property is or may be bound, (B) be in conflict with,
result in a breach of or constitute (alone or with notice or lapse of time or both) a
default under, or give rise to any right to accelerate or to require the prepayment,
repurchase or redemption of any obligation under any such indenture, agreement or other
instrument or (C) result in the creation or imposition of any mortgage, pledge,
hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other),
charge or other security interest or any preference, priority or other security agreement or
preferential arrangement of any kind or nature whatsoever (including any conditional sale or
other title retention
agreement and any capital lease having substantially the same economic effect as any of
the foregoing) upon or with respect to any property or assets now owned or hereafter
acquired by AIG-FP.

2

 

     (c) Enforceability. This Agreement has been duly executed and delivered by AIG-FP and
constitutes a legal, valid and binding agreement of AIG-FP enforceable against AIG-FP in
accordance with its terms, except that such enforceability may be limited by bankruptcy,
insolvency, or other similar laws of general applicability affecting the enforcement of
creditors’ rights generally and by the court’s discretion in relation to equitable remedies.

     (d) Governmental Approvals. No action, consent or approval of, registration or filing
with or any other action by any Governmental Authority is or will be required to be taken,
obtained or made by AIG-FP in connection with the transactions contemplated hereunder except
(i) such as have been made or obtained and are in full force and effect and (ii) with
respect to any Governmental Authority other than a Governmental Authority of the United
States or any state thereof, if the failure to take such action, obtain such consent or
approval, or register or file with such Governmental Authority could not reasonably be
expected to have a Material Adverse Effect.

     (e) Litigation; Compliance with Laws.

     (i) Except as set forth in the financial statements attached to AIG’s most
recently filed form 10-Q, there are no actions, suits or proceedings at law or in
equity or by or before any Governmental Authority now pending or, to the knowledge
of AIG-FP, threatened against or affecting AIG-FP or any business, property or
rights of AIG-FP as to which there is a reasonable possibility of an adverse
determination and that, if adversely determined, could reasonably be expected,
individually or in the aggregate, to result in a material impairment of the
totality of the rights and remedies of, or benefits available to ML III under this
Agreement and the Transaction Documents taken as a whole.

     (ii) AIG-FP is not in violation of any law, rule or regulation (including any
zoning, building, ordinance, code or approval or any building permits) or any
restrictions of record or is in default with respect to any judgment, writ,
injunction, decree or order of any Governmental Authority, where such violation or
default could reasonably be expected to result in a material impairment of the
totality of the rights and remedies of, or benefits available to ML III under this
Agreement and the Transaction Documents taken as a whole.

     4. Covenant not to make certain amendments to any Purchase Agreements. In
consideration of AIG-FP’s agreement in Section 2 above, ML III hereby covenants not to amend any
Purchase Agreement in a manner that will cause AIG-FP to be liable to any Counterparty for a
greater portion of the Combined Settlement Amount (as defined in the Termination Agreements) than
it would have been under the Purchase Agreement in the form originally entered into between the
Counterparty and ML III. For the avoidance of doubt, this provision shall have no impact on ML
III’s ability to exercise discretion in accordance with the terms of the Purchase Agreements,
including determinations of whether and when a CDO Issue becomes an Excluded Asset or whether and
when the conditions for the purchase of a CDO Issue have been met or on ML III’s ability to waive
any such condition.

     5. No Bankruptcy Petition Against ML III. AIG-FP hereby covenants and agrees that it
will not at any time (i) commence or institute against ML III or join with or facilitate any other
Person in commencing or instituting against ML III, any bankruptcy, reorganization, arrangement,
readjustment of debt, dissolution, receivership, insolvency or liquidation proceedings, or other
proceedings under any United States Federal or state, or other jurisdiction, bankruptcy or similar
law or statute now or hereafter in effect in connection with any obligations relating to this
Agreement or any of the other Transaction Documents or (ii) participate in any assignment for
benefit of creditors, compositions, or arrangements with respect to ML III’s debts. The agreements
in this Section 5 shall survive the termination of this Agreement and payment in full of all
obligations under this Agreement.

     6. Waivers. AIG-FP hereby waives any failure or delay on the part of ML III in
asserting or enforcing any of its rights or in making any claims or demands hereunder.

3

 

     7. Opinion. AIG-FP shall cause to be delivered to ML III an opinion substantially in
the form of the opinion required under Section 7.01(c)(i)(D) of the Master Investment and Credit
Agreement with respect to its entry into this Agreement.

     8. Notices. Any notice, instruction, request, consent, demand or other communication
required or contemplated by this Agreement shall be in writing, shall be given or made or
communicated by hand delivery or fax, confirmed by telephone, addressed as follows:

	 	 	 	 	 
	 

	 	If to ML III:
	 	Maiden Lane III LLC
	 

	 	 	 	c/o Federal Reserve Bank of New York
	 

	 	 	 	33 Liberty Street New York, New York 10045
	 

	 	 	 	Attention: Helen Mucciolo, Senior Vice President
	 

	 	 	 	Telecopy: (212) 720-1333
	 

	 	 	 	Telephone: (212) 720-1593
	 

	 	 	 	E-mail: helen.mucciolo@ny.frb.org
	 
	 	 	 	 
	 

	 	with copies to:	 	 
	 
	 	 	 	 
	 

	 	 	 	Federal Reserve Bank of New York
	 

	 	 	 	33 Liberty Street New York, New York 10045
	 

	 	 	 	Attention: Joyce M. Hansen, Deputy General Counsel and Senior Vice
	 

	 	 	 	President
	 

	 	 	 	Telecopy: (212) 720-1756
	 

	 	 	 	Telephone: (212) 720-5024
	 

	 	 	 	E-mail: joyce.hansen@ny.frb.org
	 
	 	 	 	 
	 

	 	 	 	Davis Polk & Wardwell
	 

	 	 	 	450 Lexington Avenue, New York, New York 10017
	 

	 	 	 	Attention: Bjorn Bjerke
	 

	 	 	 	Telephone: (212) 450-4000
	 
	 	 	 	 
	 

	 	If to AIG-FP:
	 	AIG Financial Products Corp.
	 

	 	 	 	50 Danbury Road
	 

	 	 	 	Wilton, CT
	 

	 	 	 	06897-4444
	 

	 	 	 	Attn: Chief Financial Officer
	 

	 	 	 	Phone: (203) 222-4700
	 

	 	 	 	Fax: (203) 222-4780
	 
	 	 	 	 
	 

	 	with copies to:	 	 
	 
	 	 	 	 
	 

	 	 	 	AIG Financial Products Corp.
	 

	 	 	 	50 Danbury Road
	 

	 	 	 	Wilton, CT
	 

	 	 	 	06897-4444
	 

	 	 	 	Attn: General Counsel
	 

	 	 	 	Phone: (203) 222-4700
	 

	 	 	 	Fax: (203) 222-4780
	 
	 	 	 	 
	 

	 	 	 	Weil, Gotshal & Manges LLP
	 

	 	 	 	767 Fifth Avenue
	 

	 	 	 	New York, NY 10103
	 

	 	 	 	Attention: Jason A.B. Smith

	 

	 	 	 	Telephone: (212) 310-8000

4

 

     9. Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY
THE LAWS OF THE STATE OF NEW YORK.

     10. Jurisdiction; Consent to Service of Process.

     (a) Each party hereby irrevocably and unconditionally submits, for itself and its
property, to the exclusive jurisdiction of any New York State court or federal court of the
United States of America sitting in New York City, and any appellate court from any thereof,
in any action or proceeding arising out of or relating to this Agreement, or for recognition
or enforcement of any judgment, and each of the Parties hereby irrevocably and
unconditionally agrees that all claims in respect of any such action or proceeding may be
heard and determined in such New York State or, to the extent permitted by law, in such
federal court. Each of the Parties agrees that a final judgment in any such action or
proceeding shall be conclusive.

     (b) Each party hereby irrevocably and unconditionally waives, to the fullest extent it
may legally and effectively do so, any objection that it may now or hereafter have to the
laying of venue of any suit, action or proceeding arising out of or relating to this
Agreement in any New York State or federal court. Each party hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

     (c) Each party irrevocably consents to service of process in the manner provided for
notices in Section 8. Nothing in this Agreement will affect the right of any party to serve
process in any other manner permitted by law.

     11. WAIVER OF JURY TRIAL. EACH PARTY HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY
OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER
TRANSACTION DOCUMENTS. EACH PARTY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER
PARTIES HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER TRANSACTION DOCUMENTS, AS
APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     12. Limited Recourse. Notwithstanding anything to the contrary contained in this
Agreement, the obligations of ML III under this Agreement are solely the obligations of ML III and
shall be payable solely to the extent of funds received by and available to ML III in accordance
with the Transaction Documents. No recourse shall be had for the payment of any amount owing in
respect of any obligation of, or claim against, ML III arising out of or based upon this Agreement
against any holder of a Membership Interest, employee, officer or Affiliate thereof and, except as
specifically provided herein, no recourse shall be had for the payment of any amount owing in
respect of any obligation of, or claim against, ML III arising out of or based upon this Agreement
against any holder of the Membership Interests or any equity interests in any Related Party of any
such holder; provided that the foregoing shall not relieve any such person or entity from any
liability they might otherwise have as a result of willful misconduct, gross negligence or
fraudulent actions taken or omissions by them. The provisions of this Section shall survive the
termination or expiration of this Agreement and payment in full of any and all obligations arising
from this Agreement.

     13. Default. Upon and default by either party hereunder and the expiration of all
applicable grace periods, the non-defaulting party shall have all rights and remedies available
under applicable law.

     14. Miscellaneous.

5

 

     (a) All headings herein are for convenience of reference only and shall be disregarded
in the interpretation hereof.

     (b) This Agreement may be signed in any number of counterparts, each of which shall be
an original; but such counterparts shall together constitute one and the same instrument.

     (c) In the event of an assumption of AIG-FP’s obligations under this Agreement by a
successor, such successor shall succeed to and be substituted for AIG-FP with the same
effect as if it had been named herein, and upon such assumption, AIG-FP shall be relieved of
any further obligation hereunder. This Agreement may not be assigned by AIG-FP without the
prior written consent of ML III.

     (d) In case any provision in this Agreement shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way
be affected or impaired thereby.

6

 

     IN WITNESS WHEREOF, each of the parties hereto has caused this Shortfall Agreement to be
executed on its behalf by its officers thereunto duly authorized on the day and year first above
written.

	 	 	 	 	 
	 	 	MAIDEN LANE III LLC
	 
	 	 	 	 
	 	 	By: FEDERAL RESERVE BANK OF NEW YORK,

as its sole Managing Member
	 
	 	 	 	 
	 

	 	By:	 	/s/ Sandra C. Krieger
	 

	 	 	 	 
	 

	 	 	 	Name:  Sandra C. Krieger
	 

	 	 	 	Title:   Executive Vice President
	 
	 	 	 	 
	 	 	AIG FINANCIAL PRODUCTS CORP.
	 
	 	 	 	 
	 

	 	By:	 	/s/ William N. Dooley
	 

	 	 	 	 
	 

	 	 	 	Name:  William N. Dooley
	 

	 	 	 	Title:   Chief Executive Officer

 

 

AMENDMENT NO. 1 TO SHORTFALL AGREEMENT

     AMENDMENT No. 1 (this “Amendment”) dated as of December 18, 2008 to the Shortfall Agreement
dated as of November 25, 2008 by and between Maiden Lane III LLC, a Delaware limited liability
company (“ML III”), and AIG Financial Products Corp., a Delaware corporation (“AIG-FP”) (the
“Shortfall Agreement”).

RECITALS

     WHEREAS, the parties hereto desire to amend the Shortfall Agreement as set forth herein to
provide for the addition of certain derivative transactions to such agreement and to provide for
additional payments between ML III and AIG-FP;

     NOW, THEREFORE, in consideration of the foregoing, the parties hereto agree as follows:

     Section 1. Definitions. Unless otherwise specifically defined herein, each term used herein
that is defined in the Shortfall Agreement has the meaning assigned to such term therein. Each
reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each
reference to “this Agreement” and each other similar reference contained in the Shortfall Agreement
shall, after this Amendment becomes effective, refer to the Shortfall Agreement as amended hereby.

     Section 2. Adjustment Date. The parties agree that December 18, 2008 shall be the
Adjustment Date under the Shortfall Agreement.

     Section 3. Amendment of Shortfall Agreement. Effective as of the date hereof, the Shortfall
Agreement is hereby amended as follows:

     (a) The first recital shall be replaced by the following text:

     “WHEREAS as of October 31, 2008, AIG-FP was party to the derivative
transactions listed on Schedule A (the “Derivative Transactions”), with an aggregate
notional value of $62,129,719,487;”

     (b) Schedule A to the Shortfall Agreement shall be replaced in full with Schedule A
hereto.

     (c) The following text shall be inserted immediately after Section 2(c):

     (d) On the Adjustment Date (i) if the aggregate of deemed increases in Posted
Collateral exceeds the aggregate of deemed reductions in Posted Collateral pursuant
to Section 2(c) of the applicable Termination Agreements, ML III shall pay or cause
to be paid, in immediately available funds, to AIG-FP the amount of such excess and
(ii) if the aggregate of deemed reductions in Posted Collateral exceeds the
aggregate of deemed increases in Posted Collateral pursuant to Section 2(c) of the
applicable Termination Agreements, AIG-FP shall pay, in immediately available funds,
to ML III the amount of such excess for credit to the Collateral Account.

 

 

     Section 4. Counterparts. This Amendment may be signed in any number of counterparts, each
of which shall be an original, with the same effect as if the signatures thereto and hereto were
upon the same instrument. Delivery of an executed signature page of this Amendment by facsimile
transmission shall be effective as delivery of a manually executed counterpart hereof.

     Section 5. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THEREOF.

     Section 6. Effectiveness. This Amendment shall become effective on the date when each party
hereto shall have received from each of the other parties hereto a counterpart hereof signed by
such party or facsimile or other written confirmation that such party has signed a counterpart
hereof.

     Section 7.
Captions. The captions and section headings appearing herein are included solely
for convenience of reference and are not intended to affect the interpretation of any provision of
this Amendment.

[Remainder of page intentionally left blank.]

 

 

     IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed on its
behalf by its officers thereunto duly authorized on the day and year first above written.

	 	 	 	 	 
	 	 	MAIDEN LANE III LLC
	 
	 	 	 	 
	 	 	By: FEDERAL RESERVE BANK OF NEW

YORK, as its sole Managing Member
	 
	 	 	 	 
	 

	 	By:	 	/s/ Helen
Mucciolo 
	 

	 	 	 	 
	 

	 	 	 	Name: Helen
Mucciolo
	 

	 	 	 	Title: Senior Vice President
	 
	 	 	 	 
	 	 	AIG FINANCIAL PRODUCTS CORP.
	 
	 	 	 	 
	 

	 	By:	 	/s/ William N. Dooley
	 

	 	 	 	 
	 

	 	 	 	Name: William N. Dooley
	 

	 	 	 	Title: Chief Executive Officer

 

 

List of Derivative Transactions

Schedule A

to

Shortfall Agreement

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CUSIP / ISIN of	 	 	 	 	 	 	 	 	 	 
	Underlying CDO Issue	 	Counterparty	 	Tranche Name	 	Notional Value	 	Total Collateral Posted	 	Negative Mark to Market
	Assets Included in 12/18/2008 and 12/22/2008 Closing
	[Redacted]
	 	Deutsche Bank	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	Deutsche Bank	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	Deutsche Bank	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	Deutsche Bank	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GEORGE QUAY	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	WACHOVIA	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	WACHOVIA	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	WACHOVIA	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	WACHOVIA	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	WACHOVIA	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	WACHOVIA	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CALYON	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	Rabobank International	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]

Page 1 of 5

 

List of Derivative Transactions

Schedule A

to

Shortfall Agreement

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CUSIP / ISIN of	 	 	 	 	 	 	 	 	 	 
	Underlying CDO Issue	 	Counterparty	 	Tranche Name	 	Notional Value	 	Total Collateral Posted	 	Negative Mark to Market
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	Totals
– Assets included in 

12/18/2008 and 

12/22/2008 Closing	 	$	16,010,588,994	 	 	$	9,150,847,576	 	 	$	7,482,887,252	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Assets Included in 11/25/2008 Closing
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]

Page 2 of 5

 

List of Derivative Transactions

Schedule A

to

Shortfall Agreement

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CUSIP / ISIN of	 	 	 	 	 	 	 	 	 	 
	Underlying CDO Issue	 	Counterparty	 	Tranche Name	 	Notional Value	 	Total Collateral Posted	 	Negative Mark to Market
	[Redacted]
	 	SOCGEN	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSCM	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSCM	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSCM	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]

Page 3 of 5

 

List of Derivative Transactions

Schedule A

to

Shortfall Agreement

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CUSIP / ISIN of	 	 	 	 	 	 	 	 	 	 
	Underlying CDO Issue	 	Counterparty	 	Tranche Name	 	Notional Value	 	Total Collateral Posted	 	Negative Mark to Market
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	GSI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	ML	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CALYON	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CALYON	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CALYON	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CALYON	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CALYON	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BGI	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BOA	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	RBS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	RBS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	RBS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	RBS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	HSBC BANK USA	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	Rabobank	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	Rabobank	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	Rabobank	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	Rabobank	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	Rabobank	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CORAL Purchasing (Ireland) Limited	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CORAL Purchasing (Ireland) Limited	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CORAL Purchasing (Ireland) Limited	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CORAL Purchasing (Ireland) Limited	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CORAL Purchasing (Ireland) Limited	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CORAL Purchasing (Ireland) Limited	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CORAL Purchasing (Ireland) Limited	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	CORAL Purchasing (Ireland) 2 Limited	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	DB	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	REMO FINANCE INC  Dresdner	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	UBS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]

Page 4 of 5

 

List of Derivative Transactions

Schedule A

to

Shortfall Agreement

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CUSIP / ISIN of	 	 	 	 	 	 	 	 	 	 
	Underlying CDO Issue	 	Counterparty	 	Tranche Name	 	Notional Value	 	Total Collateral Posted	 	Negative Mark to Market
	[Redacted]
	 	UBS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	UBS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	UBS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	UBS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	UBS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	UBS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BARCLAYS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BARCLAYS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BARCLAYS	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BMO	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BMO	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BMO	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BMO	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BMO	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BMO	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BMO	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BMO	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	[Redacted]
	 	BMO	 	[Redacted]	 	[Redacted]	 	[Redacted]	 	[Redacted]
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	Totals – Assets Included 

11/25/2008 Closing	 	$	46,119,130,493	 	 	$	25,854,602,616	 	 	$	25,060,896,305	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	Overall Totals	 	$	62,129,719,487	 	 	$	35,005,450,192	 	 	$	32,543,783,557	 

Page 5 of 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}]]