Document:

Exhibit 10.33

THIRD AMENDED AND RESTATED CONFIRMATION

DATE:

June 28, 2012

TO:

CIT Financial Ltd.  (“Counterparty”)

FROM:

Goldman Sachs International (“GSI”)

SUBJECT:

Total Return Swap Facility

REF. NO.:

SDB925241547Y

The purpose of this communication is to set forth the terms and conditions of the above-referenced Total Return Swap Facility entered
into on the Trade Date specified below in accordance with the terms set forth in a Confirmation dated June 6, 2008 (the “Original Facility”), as amended and restated as of October
28, 2009 (the “Amended and Restated Facility”) and October 26, 2011 (the “Second Amended and Restated Facility”), together with the letter dated October 31,
2011, and further amended and restated as of the date hereof between GSI and Counterparty (the “Facility”). This communication constitutes a “Confirmation” as referred to
in the Master Agreement specified below.  This communication (this “Confirmation”) supersedes all prior communications regarding the Original Facility, the Amended and Restated
Facility, the Second Amended and Restated Facility, and the Facility.

This Confirmation is subject to, and incorporates, the 2006 ISDA Definitions (the “2006 Definitions”) and the 2003
ISDA Credit Derivatives Definitions as amended and supplemented by the May 2003 Supplement to the ISDA Credit Derivatives Definitions (together the “Credit Definitions” and together
with the 2006 Definitions, the “Definitions”), as published by the International Swaps and Derivatives Association, Inc. (“ISDA”).  In the event of any
inconsistency between the 2006 Definitions and the Credit Definitions, the 2006 Definitions shall govern.   

This Confirmation supplements, forms a part of, and is subject to, the 1992 form of ISDA Master Agreement dated as of June 6, 2008
(including the Schedule and Credit Support Annex thereto), as amended by the amendment and restatement of the ISDA Master Agreement and as further amended or replaced from time to time between GSI
and Counterparty (the “Master Agreement”).  This Confirmation will be read and construed as one with the executed Master Agreement and all other outstanding Confirmations
between the parties, so that all such Confirmations and the executed Master Agreement constitute a single Agreement between the parties.

All provisions contained in, or incorporated by reference into the Master Agreement will govern this Confirmation except as expressly
modified herein.  In the event of any inconsistency between this Confirmation and the Definitions the Master Agreement or another Confirmation, as the case may be, this Confirmation will prevail
for the purpose of the Facility and each Transaction to which this Confirmation relates.

Reference is made in relation to certain provisions of this Confirmation to an Amended and Restated Confirmation dated June 28, 2012
between CIT TRS Funding B.V. (“CIT Netherlands”) and GSI (as amended or replaced from time to time, the “CIT Netherlands Confirmation”), which Confirmation
supplements, forms a part of, and is subject to, the 1992 form of ISDA Master Agreement dated as of October 26, 2011 (including the Schedule and Credit Support Annex thereto), as amended or replaced
from time to time between GSI and CIT Netherlands (collectively, the “CIT Netherlands Facility”). Capitalized terms used in reference to the CIT Netherlands Facility in this
Confirmation shall have the meanings assigned to those terms in the CIT Netherlands Facility.

This Confirmation evidences a separate total return swap transaction (each a “Transaction”) with respect to each
Reference Obligation specified in Annex A from time to time as if the details specified in Annex A with respect to that Reference Obligation were set out in the Confirmation in full.  Each such
Transaction will have a unique Transaction Number as is set out in Annex A.  The terms of the Facility and each particular Transaction to which this Confirmation relates are as follows:1

1 

________________

1 

Portions of this exhibit have been omitted and filed separately with the Securities and Exchange Commission as part of an application for
confidential treatment pursuant to the Securities Exchange Act of 1934, as amended. 

The portions of this agreement that have been omitted and filed separately with the Securities and Exchange Commission are
denoted by the use of an asterisk in this agreement.

2 

	Terms Relating to the Facility

	Total Return Payer
	   	GSI

	Floating Rate Payer
	   	Counterparty

	Trade Date
	   	June 6, 2008

	Third Amendment Trade
 Date
	   	June 29, 2012

	Second Amendment Trade
 Date
	   	October 26, 2011

	Facility Commencement
 Date
	   	June 6, 2008

	Facility Amendment Date
	   	October 28, 2009

	Facility End Date
	   	The earlier of (i) the date falling 20 years after the Facility Commencement Date and (ii) an Optional Termination Date
on which Counterparty has terminated the Facility.

	Optional Termination Date
	   	On any Business Day, Counterparty shall have the option to early terminate the Facility on written notice to GSI (such
notice, an “Optional Termination Notice”) given not less than on 10 Business Days prior to the proposed date of termination (the
“Optional Termination Date”), upon prior payment by Counterparty to GSI of the Present Value Facility Fee calculated on the Maximum
Aggregate Notional Amount as of such Optional Termination Date.

	Portfolio
	   	The portfolio comprising each Eligible RO that is a Reference Obligation (“RO”) subject to a
Transaction, as set out in Annex A (as amended from time to time to reflect Portfolio Adjustments).

	Combined Portfolio
	   	The portfolio comprising each Eligible RO that is an RO subject to a Transaction, as set out in Annex A hereto and Annex
A to the CIT Netherlands Confirmation (each as amended from time to time to reflect Portfolio Adjustments).

	Eligible
RO
	   	Any debt
obligation which meets all of the following requirements on the Effective Date of the Transaction relating to such obligation, as determined by the
Calculation Agent:

	 	 	 
	 
	   	(i)     A bond that is
capable of being settled in The Depository Trust Company, Euroclear Bank S.A./N.V or Clearstream Banking, SA (or any successor to any such
entity);

	 	 	 
	 
	   	(ii)   (a) Rated at least as high as [*] by each of Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc. (“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”), and not on Creditwatch
Negative or Watchlist Negative (or their respective equivalents) and (b) such rating is a monitored rating subject to periodic update by the relevant
agency;

 

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(iii)     If rated by
Fitch Ratings Inc. (“Fitch”), rated at least as high as [*] and not on Creditwatch Negative or Watchlist Negative (or their respective
equivalents);

	 	 	 
	 
	   	(iv)      Denominated
in USD, GBP, CAD or EUR;

	 	 	 
	 
	   	(v)       Are Asset
Backed Securities that are backed predominately by assets falling into one of the following categories: aircraft leases, railcar leases, other
equipment loans or leases, student loans, commercial loans (including but not limited to CLOs), vendor finance obligations and trade finance
obligations;

	 	 	 
	 
	   	(vi)      A legal final
maturity of no more than 30 years from the Effective Date;

	 	 	 
	 
	   	(vii)     if the RO has
a fixed rate of interest, the weighted average life of such RO is less than 17 years (or such longer period otherwise agreed to by GSI acting in a
reasonable manner);

	 	 	 
	 
	   	(viii)   Counterparty
and its Credit Support Providers have provided to GSI such documentation in respect of such obligation as GSI shall have reasonably requested (which
shall include, without limitation, the offering document, rating letters, a Tax Opinion and, if applicable, the most recent Trustee/Servicer
Report);

	 	 	 
	 
	   	(ix)       The
Reference Entity of such obligation is bankruptcy remote from Counterparty, its Credit Support Providers and their respective Affiliates, or other
prior owner of the assets securitized through issuance of the RO, as evidenced by a True Sale and Nonconsolidation Opinion satisfactory to GSI in its
good faith discretion or other circumstances satisfactory to GSI;

	 	 	 
	 
	   	(x)       The issuer of
the RO shall not be an affiliate of Counterparty or its Credit Support Providers for US bankruptcy law purposes (as reasonably determined by
GSI);

	 	 	 
	 
	   	(xi)      Application
will have been made or required to be made on a recognised stock exchange;

	 	 	 
	 
	   	(xii)     Not registered
pursuant to any registration statement with the U.S. Securities and Exchange Commission;

	 	 	 
	 
	   	(xiii)    Not issued by or guaranteed by any of (1) Counterparty or its Credit Support Providers, (2) GSI’s Credit
Support Provider, or (3) any Affiliates of GSI’s Credit Support Provider;

 

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(xiv)  A bond that
does not require a Holder to execute any agreement prior to buying or selling such bond, qualifies for transfer in accordance with the provisions of
Regulation S and/or Rule 144A under the Securities Act and is otherwise Transferable;

	 	 	 
	 
	   	(xv)   Would not
cause the Combined Portfolio to violate or, if already violated, further violate any of the following limits by aggregate Net USD Notional
Amounts:

	 	 	 
	 
	   	a.       The sum of the
Net USD Notional Amounts of ROs rated [*] by each of S&P and Moody’s may be up to [*]% of the Combined Maximum Aggregate Notional Amount,
provided, however, that any RO rated [*] by each of S&P and Moody’s but also rated by Fitch and rated lower than [*] by Fitch shall be deemed
for purposes of this test to be rated [*] by S&P and Moody’s;

	 	 	 
	 
	   	b.       The sum of the
Net USD Notional Amounts of ROs rated at least [*] by each of S&P and Moody’s (excluding ROs that are rated [*]) may not exceed (i) [*]% of
the Combined Maximum Aggregate Notional Amount minus (ii) the sum of the Net USD Notional Amounts of ROs rated lower than [*] by either S&P or
Moody’s, provided, however, that any RO rated [*] by each of S&P and Moody’s but also rated by Fitch and rated lower than [*] by Fitch
shall be deemed for purposes of this test to be rated [*] by S&P and Moody’s;

	 	 	 
	 
	   	c.       The sum of the
Net USD Notional Amounts of Qualifying [*]-Rated ROs (excluding ROs that are rated [*] or [*]) may not exceed (i) [*]% of the Combined Maximum
Aggregate Notional Amount minus (ii) the sum of the Net USD Notional Amounts of ROs that are either (A) rated at least [*] by each of S&P and
Moody’s but are not Qualifying [*]-Rated ROs or (B) rated lower than [*] by either S&P or Moody’s, provided, however, that any RO rated
[*] by each of S&P and Moody’s but also rated by Fitch and rated lower than [*] by Fitch shall be deemed for purposes of this test to be rated
lower than [*] by S&P and Moody’s;

	 	 	 
	 
	   	d.       The sum of the
Net USD Notional Amounts of ROs that are either (A) rated at least [*] by each of S&P and Moody’s but are not Qualifying [*]-Rated ROs or (B)
rated lower than [*] by either S&P or Moody’s may not exceed [*]% of the Combined Maximum Aggregate Notional Amount, provided, however, that
any RO rated [*] by each of S&P and Moody’s but also rated by Fitch and rated lower than [*] by Fitch shall be deemed for purposes of this
test to be rated lower than [*] by S&P and Moody’s;

	 	 	 
	 
	   	e.       The sum of the
Net USD Notional Amounts of ROs which are obligations secured by commercial loans may not exceed [*]% of the Combined Maximum Aggregate Notional
Amount;

	 	 	 
	 
	   	f.       The sum of the
Net USD Notional Amounts of ROs which are obligations secured by equipment loans or leases (including aircraft leases and railcar leases), may not
exceed [*]% of the Combined Maximum Aggregate Notional Amount;

	 	 	 
	 
	   	g.       The sum of the Net USD Notional Amounts of ROs which are obligations secured by aircraft leases or railcar leases may
not exceed [*]% of the Combined Maximum Aggregate Notional Amount;

 

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	   	h.       The sum of the
Net USD Notional Amounts of ROs which are obligations secured by Private Student Loans may not exceed [*]% of the Combined Maximum Aggregate Notional
Amount;

	 	 	 
	 
	   	i.       The sum of the
Net USD Notional Amounts of ROs which are secured by Guaranteed Student Loans may not exceed [*]% of the Combined Maximum Aggregate Notional
Amount;

	 	 	 
	 
	   	j.       The sum of the
Net USD Notional Amounts of ROs which are secured by assets other than commercial loans, equipment loans or leases (including aircraft leases and
railcar leases), Private Student Loans or Guaranteed Student Loans, and which are not identified in sub-clause k. below, may not in the aggregate
exceed [*]% of the Combined Maximum Aggregate Notional Amount; and

	 	 	 
	 
	   	k.       The sum of the
Net USD Notional Amounts of ROs agreed between GSI and Counterparty pursuant to clause (xxv) below shall not exceed such percentage of the Combined
Maximum Aggregate Notional Amount as shall be specified by GSI.

	 	 	 
	 
	   	For purposes of
the foregoing tests:

	 	 	 
	 
	   	(a) the ratings applied for both the new RO proposed to be added to the Portfolio and the ratings for the existing ROs in the
Portfolio shall be current ratings of such ROs as of the proposed Effective Date for the new RO;

	 	 	 
	 
	   	(b) If any RO
consists of more than one of the asset types described in sub-clauses e. through j., the full Net USD Notional Amount of such RO shall be counted
against each of the relevant percentage restrictions; and

	 	 	 
	 
	   	(c) [*] means [*]
(S&P), [*] (Moody’s) and [*] (Fitch); and [*] means [*] (S&P), [*] (Moody’s), and [*] (Fitch); and [*] means [*] (S&P), [*]
(Moody’s) and [*] (Fitch).

	 	 	 
	 
	   	
(xvi)     Would not
cause the aggregate Net USD Notional Amount of a single RO in the Combined Portfolio to exceed [*]% of the Combined Maximum Aggregate 
  Notional
Amount;

	 	 	 
	 
	   	
(xvii)   Would not
cause the aggregate Net USD Notional Amount of all ROs in the Combined Portfolio which are issued by a common issuer and have the same rating to exceed
a) to the extent the ROs are rated [*], $[*] or b) to the extent one or more of such ROs are rated below [*],[*]% of the Combined Maximum Aggregate
 Notional Amount;

	 	 	 
	 
	   	
(xviii)  Would not
cause the aggregate Net USD Notional Amount of all ROs in the Combined Portfolio which are secured predominantly by obligations of any one obligor or
group of affiliated obligors, to exceed [*]% of the Combined Maximum Aggregate Notional Amount;

	 	 	 
	 
	   	
(xix)    Would not
cause the total number of ROs in the Combined Portfolio to exceed 50;

	 	 	 
	 
	   	(xx)      GSI owning the RO in an amount equal to the Net USD Notional Amount

 

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	   	          would not violate
any law, rule or regulation applicable to GSI;

	 	 	 
	 
	   	
(xxi)    In the case of
a Counterparty Originated Asset, Counterparty has delivered to GSI an executed indemnity letter in a form acknowledged in a letter agreement 
 between
GSI and Counterparty dated the Trade Date (the “Indemnity Letter”);

	 	 	 
	 
	   	
(xxii)   The terms of
such RO require delivery to holders of such RO of Trustee/Servicer Reports providing information of a degree and with a frequency which is customary in
Rule 144A securitizations of the same asset types;

	 	 	 
	 
	   	
(xxiii)  Is issued in
registered form for U.S. federal income tax purposes;

	 	 	 
	 
	   	
(xxiv)  If such RO
was issued after the Facility Amendment Date, then unless such RO is subject to backup servicing arrangements reasonably acceptable to GSI, 
 the terms
of such RO provide for a majority of the holders of such RO by principal amount to have the right to remove and replace any servicer, collateral
manager or other administrative service provider for the issuer of such RO at any time; and

	 	 	 
	 
	   	(xxv)   Also
includes any other obligation as GSI may agree from time to time following request from Counterparty.

	 	 	 
	 
	   	If it is
determined after the Effective Date that the RO failed to meet any of the foregoing requirements on the Effective Date and GSI gives notice of such
circumstance to Counterparty, a Removal Date shall be deemed to occur in relation to such RO on the date designated by GSI. Further, if after the
Effective Date Counterparty fails to deliver the most recently issued Trustee/Servicer Report or Rating Agency Report with respect to an RO within five
Business Days of a request from GSI, at GSI’s sole option a Removal Date may be deemed to occur in relation to such RO.

	 	 	 
	 
	   	“Asset
Backed Securities” means securities that are Not Contingent within the meaning of the Credit Definitions and are secured by loans, leases,
receivables or similar payment obligations or financial assets which convert by their terms into cash within a finite period of time, and without
limitation of the foregoing shall exclude (i) credit linked notes or other synthetic securities; i.e. securities secured by or representing credit
swaps, total return swaps or other derivative exposures, (ii) securities secured by equity instruments or corporate bonds and (iii) ABS CDOs, “CDO
squareds” or other securities which are themselves secured by Asset Backed Securities.

	 	 	 
	 
	   	“Counterparty Originated Asset” means any RO with respect to which Counterparty, its Credit Support Providers or any of their
Affiliates (i) is related as depositor, originator or transferor of the receivables securitized in the RO or (ii) is a sponsor, servicer or
administrator thereto, (iii) is a holder of any beneficial interest in the issuer of the RO or (iv) has acted as an underwriter, arranger or
distributor of such RO.

	 	 	 
	 
	   	“Guaranteed Student Loans” means student loans originated under Title IV of the U.S. Higher Education Act of 1965, no less
than 95% of the loan principal and interest of which are guaranteed and explicitly reinsured by the United States Department of
Education.

	 	 	 
	 
	   	“Private
Student Loans” means student loans other than Guaranteed Student Loans.

	 	 	 
	 
	   	“Qualifying [*]-Rated RO” means an RO that (i) is rated at least [*] by each of S&P and
Moody’s (where any RO rated [*] by each of S&P and Moody’s but also rated by

 

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	   	Fitch and rated
lower than [*] by Fitch shall be deemed for purposes of this definition to be rated lower than [*] by S&P and Moody’s) and (ii) is either (A)
not subordinated to any other class or tranche of securities issued by the relevant Reference Entity or (B) subordinated only to a class or tranche of
securities issued by the relevant Reference Entity the entire principal amount of which is included as an RO in the Combined
Portfolio.

	 	 	 
	 
	   	“Tax
Opinion” means a legal opinion of nationally recognized tax counsel that concludes that (a) the RO will be treated as indebtedness for U.S.
federal income tax purposes and (b) the issuer of the RO will not be treated as engaged in a trade or business in the United States or otherwise
subject to U.S. federal tax.

	 	 	 
	 
	   	“True Sale and Nonconsolidation Opinion” means a legal opinion of Moore & Van Allen PLLC, Sullivan
& Cromwell, LLP, Cadwalader, Wickersham & Taft LLP, White & Case LLP, McDermott Will & Emery, LLP or other counsel satisfactory to GSI
in its good faith discretion which concludes that (i) any assets purchased by the Reference Entity in connection with the relevant RO would not be
considered to be part of the estate of any relevant Affiliate of Counterparty (an “Originator Affiliate”) in a proceeding under the
United States Bankruptcy Code of 1978, as amended (the “Bankruptcy Code”) and (ii) neither the Reference Entity nor any other special
purpose entity organized in connection with the relevant securitization would be substantively consolidated with any of (A) Counterparty, (B) any
Credit Support Providers of Counterparty or (C) any Originator Affiliate (other than a special purpose entity), in each case, where the foregoing
conclusions take account of the existence and terms of the Facility and Counterparty’s Credit Support Documents.

	Maximum Aggregate
 Notional Amount
	   	In respect of this Confirmation, on any date, USD 1,500,000,000, less the cumulative amount of Swap Amortization amounts
determined on or prior to such date.

	Combined Maximum
 Aggregate Notional Amount
	   	As of any date of determination, the sum of the Maximum Aggregate Notional Amount hereunder and the Maximum Aggregate
Notional Amount under (and as defined in) the CIT Netherlands Confirmation.

	Aggregate Notional Amount
	   	The sum on any day of the Net USD Notional Amounts of each RO at the close of business on that
day.

	Swap Amortization
	   	USD 150,000,000 with respect to each anniversary of the Facility Commencement Date, beginning with the 11th anniversary of the Facility Commencement Date.

	Portfolio
Adjustment
	   	(A) Counterparty
may, by sending a Portfolio Adjustment Notice to GSI, designate any Business Day to adjust the Portfolio (any such adjustment a “Portfolio
Adjustment”) by:

	 	 	 
	 
	   	(1) designating a
new Eligible RO for addition to the Portfolio; or

	 	 	 
	 
	   	(2) designating an RO for
                                                                                                                                   removal, in whole or in part, pursuant to a Removal Date; or

	 	 	 
	 
	   	(3) combining
sub-clauses (i) and (ii) to effect a substitution;

	 	 	 
	 
	   	provided
that:

	 	 	 
	 
	   	(a) no Potential
Event of Default or Event of Default has occurred and is continuing in relation to Counterparty;

	 	 	 
	 
	   	(b) the Aggregate Notional Amount does not exceed the Maximum Aggregate Notional

 

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	   	Amount as a result
of such Portfolio Adjustment;

	 	 	 
	 
	   	(c) each RO to be
added is an Eligible RO; and

	 	 	 
	 
	   	(d) there shall be
no more than one new RO (or four new ROs if (I) all such new ROs are issued by the same issuer in a single securitization documented pursuant to a
single indenture or trust deed and (II) the same collateral secures all such ROs) added to the Portfolio in any calendar week.

	 	 	 
	 
	   	(B) In
addition:

	 	 	 
	 
	   	(i) If GSI has
notified Counterparty of a Re-Striking that would cause the Aggregate Notional Amount to exceed the Maximum Aggregate Notional Amount, then
Counterparty will be required to deliver a Portfolio Adjustment Notice on or within five Business Days following the relevant Re-Striking Date
designating one or more ROs for removal, in whole or in part, such that after giving effect to such Portfolio Adjustment Notice, the Aggregate Notional
Amount is less than or equal to the Maximum Aggregate Notional Amount. The Removal Date designated in respect of any such RO shall be no more than 10
Business Days following the Re-Striking Date.

	 	 	 
	 
	   	(ii) If Counterparty fails to designate a Removal Date as required hereby, GSI may by sending a Portfolio Adjustment
Notice to Counterparty, designate one or more ROs for removal, in whole or in part (any such adjustment, also a “Portfolio
Adjustment”), on a Removal Date occurring not earlier than 2 Business Days following the date of such Portfolio Adjustment Notice, such that
after giving effect to such Portfolio Adjustment Notice, the Aggregate Notional Amount is less than or equal to the Maximum Aggregate Notional
Amount.

	Portfolio
Adjustment Notice
	   	A notice provided
by Counterparty at least fifteen Business Days (or such lesser number of Business Days as agreed between Counterparty and GSI) prior to the date of any
Portfolio Adjustment revising Annex A to take account of any Portfolio Adjustment; provided, however that (i) GSI may provide a Portfolio Adjustment
Notice as set forth in paragraph (B)(ii) of Portfolio Adjustments and (ii) the date of any Portfolio Adjustment relating to the substitution of a new
Eligible RO for an existing RO where the new and existing RO are the same obligation with the same Notional Amount (such Portfolio Adjustment a
“Re-Striking Substitution”) may be 2 Business Days following the delivery of the related Portfolio Adjustment
Notice.

	 	 	 
	 
	   	A Portfolio Adjustment Notice provided by GSI as contemplated in paragraph (B)(ii) under Portfolio Adjustments shall be
provided at least 2 Business Days prior to the Removal Date designated in such Portfolio Adjustment Notice.

	Determination of Initial FX
 Rate
	   	The Calculation Agent will determine in a commercially reasonable manner the Initial FX Rate for each RO not denominated
in USD based on the Current FX Rate as of the date determined by the Calculation Agent after the date the Portfolio Adjustment Notice is received for
such RO and at least two Business Days prior to the Effective Date of the Transaction related to such RO.

 

9

	FX Rate
	   	With respect to a Specified Currency, as of the Effective Date and at any time prior to and including the initial
Re-Striking Date, the Initial FX Rate; and following the initial Re-Striking Date, the Current FX Rate as of the immediately preceding Re-Striking
Date.

	Current FX Rate
	   	With respect to a Specified Currency as of any date, the spot rate of exchange between the Specified Currency and USD as
of such date, determined by the Calculation Agent in a commercially reasonable manner.

	Business
Days
	   	For payment dates
requiring payments in USD, London and New York

	 	 	 
	 
	   	For payment dates
requiring payments in CAD, Toronto and London

	 	 	 
	 
	   	For payment dates
requiring payments in EUR, London and TARGET

	 	 	 
	 
	   	For payment dates
requiring payments in GBP, London and New York

	 	 	 
	 
	   	For purposes of the Collateral provisions, Portfolio Adjustment Notices and all other purposes hereunder, London and New
York.

	Business Day Convention
	   	Modified Following

	Calculation Agent
	   	GSI

	Facility Fee

	Facility
Fee
	   	On each Facility
Fee Payment Date, Counterparty shall pay to GSI a Facility Fee determined as follows:

	 	 	 
	 
	   	Maximum Aggregate Notional Amount x Facility Fee Rate x (the actual number of days within the relevant Facility Fee
Period divided by 360)

	Facility Fee Rate
	   	285 bps, subject to Section 3 below

	Facility Fee Period
	   	With respect to any Facility Fee Payment Date, the period from (and including) the immediately preceding Facility Fee
Payment Date (or, in relation to the initial Facility Fee Period, the Facility Commencement Date) to (but excluding) such Facility Fee Payment Date
(or, in relation to the final Facility Fee Period, the Facility End Date).

	Facility Fee Payment Dates
	   	Quarterly on each three-month anniversary of the Facility Commencement Date and ending on the Facility End
Date.

	Third Amendment Trade
 Date Payment
	   	On the Third Amendment Trade Date, GSI shall pay (i) to Counterparty an amount equal to USD [*] and (ii) to CIT
Barbados an amount equal to USD [*] in respect of the reduction in the applicable Initial Haircut Percentage for the Specified Haircut ROs,
as specified in the paragraph entitled “Specified Haircut ROs” below.

	Terms Relating to Each Transaction

	1. General Terms

	Terms Specified in Annex A
	   	The following terms in relation to each Transaction (including any Portfolio Adjustment) will be specified in Annex A by
the Counterparty and confirmed in writing

 

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	   	by the Calculation
Agent:

	 	 	 
	 
	   	•  Transaction
Number (to be assigned by the Calculation Agent)

	 	 	 
	 
	   	•  Effective
Date (subject to Condition to RO Effectiveness below)

	 	 	 
	 
	   	•  RO

	 	 	 
	 
	   	•  Reference
Entity

	 	 	 
	 
	   	•  Guarantor or
other credit support provider (if any)

	 	 	 
	 
	   	•  Insurer (if
any)

	 	 	 
	 
	   	•  CUSIP/ISIN

	 	 	 
	 
	   	•  Specified
Currency (which shall be same as the denomination of the RO)

	 	 	 
	 
	   	•  Initial FX
Rate (as determined under “Determination of Initial FX Rate” above)

	 	 	 
	 
	   	•  Initial
Notional Amount

	 	 	 
	 
	   	•  Offered
Price (including accrued interest) (expressed as percentage of principal balance)

	 	 	 
	 
	   	•  Initial
Price (expressed as percentage of principal balance)

	 	 	 
	 
	   	•  Floating
Rate Period End Dates

	 	 	 
	 
	   	•  Reference
Obligation Coupon (which shall be the same as the coupon of the RO)

	 	 	 
	 
	   	•  Each credit
rating of RO as at the Effective Date of such RO

	 	 	 
	 
	   	•  The
Transaction Termination Date

	 	 	 
	 
	   	•  Initial
Haircut Percentage (which will be the Haircut Percentage applicable to the RO on the Effective Date except as provided under Specified Haircut ROs
below)

	 	 	 
	 
	   	•  The par
amount at the issuance of the RO (“Par Amount at Issuance”)

	 	 	 
	 
	   	•  The
frequency per annum of the RO’s scheduled payment dates of interest

	 	 	 
	 
	   	The Transaction Termination Date shall, if required by or assumed by counsel in connection with the delivery of the
applicable True Sale and Non-Consolidation Opinion delivered in connection with an RO, be a date occurring not later than (i) for ROs for which the
expected final amortization based on pricing speed, as determined by Counterparty (the “Expected Amortization Date”) will occur five
years or more after the Effective Date for such RO, the date on which 80% of the number of days occurring between the Effective Date for such
Transaction and the Expected Amortization Date have elapsed, (ii) for ROs for which the Expected Amortization Date will occur more than one but less
than five years after the Effective Date for such RO, the date occurring one year prior to the Expected Amortization Date and (iii) for ROs for which
the Expected Amortization Date will occur one year or less from the Effective Date for

 

11

	
 
	   	such RO, the date on which 50% of the number of days occurring between the Effective Date for such Transaction and the
Expected Amortization Date have elapsed.

	Specified Haircut ROs
	   	As of the Third Amendment Trade Date, the applicable Initial Haircut Percentage for the Specified Haircut ROs shall be
reduced from [*]% to [*]% (and such change shall be evidenced in a revised Annex A).

	 	 	 
	 
	   	“Specified Haircut ROs” means the ROs with
the following CUSIPs: [*] and [*].

	Condition
to RO
 Effectiveness
	   	The Effective Date
shall be subject to (A) the availability to GSI of a firm offer from Counterparty or a third party (including any Affiliate of Counterparty) designated
by Counterparty on which GSI or its designee could execute the purchase of a principal amount of the RO equal to the Initial Notional Amount at the
Offered Price for settlement on the Effective Date, such Offered Price (1) not to exceed the market value of such principal amount of the RO as
determined by the Calculation Agent in a commercially reasonable manner and (2) unless a Bid Failure Event occurs, to be greater than the applicable
Initial Haircut Percentage and (B) receipt by GSI on or prior to such Effective Date of the Initial Payment from CIT Financial (Barbados) Srl
(“CIT Barbados”) as required to be made pursuant to a Guaranty provided by CIT Barbados (the “Guaranty”) for
application under the Transaction. If a Bid Failure Event occurs, the Effective Date shall occur only at Counterparty’s option and the Offered
Price shall be equal to zero.

	 	 	 
	 
	   	For the avoidance of doubt, if Counterparty elects to permit the Effective Date of a Transaction to occur,
notwithstanding the occurrence of a Bid Failure Event, and the Offered Price is therefore zero, then immediately upon the Effective Date, Counterparty
shall at its option, after giving the applicable notice described in this Confirmation, be entitled to either (i) effect a Re-Striking Substitution
with respect to the related RO such that (x) Counterparty shall be entitled to receive, in accordance with and subject to the terms of
“Re-Striking” below, a Net Re-Striking Gain Amount calculated based on the Current Price for such RO on the Effective Date and (y) CIT
Barbados shall be required to pay a Net Re-Striking Haircut Addition Amount for such RO on the Effective Date or (ii) receive the Market Related Amount
in cash from GSI with respect to the related RO on the Effective Date under the terms of the Credit Support Annex.

	Initial
Price
	   	From and including the Effective Date to but excluding the first Re-Striking Date for the relevant RO, (1) the Offered
Price minus (2) the Haircut Percentage (in each case as of the Effective Date), subject to a minimum of zero.

	 	 	 
	 
	   	From and including any Re-Striking Date to but excluding the next Re-Striking Date for the relevant RO, (1) the Current
Price minus (2) the Haircut Percentage (in each case as of the Re-Striking Date occurring at the beginning of such period), subject to a minimum of
zero.

	Bid Failure Event
	   	If, prior to the Effective Date, either GSI gives notice to Counterparty, or Counterparty gives notice to GSI, that GSI
has not identified a firm bid for the RO at the Offered Price after the Condition to RO Effectiveness has been satisfied (for settlement on the
Effective Date), then the Effective Date shall be the date (such date, the “Second Effective Date”) falling five business days after
the effective date of such notice. If, prior to the Second Effective Date, either GSI gives notice to Counterparty, or Counterparty gives notice to
GSI, that GSI has not identified a firm bid for the RO at

 

	*
	 	Confidential treatment has been requested and the redacted
material has been filed separately with the Securities and Exchange Commission.

12

	 
	   	the Offered Price (for settlement on the Second Effective Date), then the Effective Date shall be the date (such date,
the “Third Effective Date”) falling five business days after the effective date of such notice. If, prior to the Third Effective Date,
either GSI gives notice to Counterparty, or Counterparty gives notice to GSI, that GSI has not identified a firm bid for the RO at the Offered Price
(for settlement on the Third Effective Date), then a Bid Failure Event has occurred. For the avoidance of doubt, GSI is not required to provide a bid
for the RO.

	Initial
Payment
	   	CIT Barbados, as
required pursuant to the Guaranty, will make a payment in USD to GSI on the Effective Date for each Transaction calculated as
follows:

	 	   	  
	 
	   	Initial Notional Amount times Initial Haircut Percentage divided by FX Rate for the relevant RO; provided, however, that
if there is a Bid Failure Event, then the Initial Payment will be zero.

	Notional Amount
	   	The Initial Notional Amount, as reduced by each Terminated Notional Amount and Actual Principal Repayment from time to
time.

	Initial Notional Amount
	   	The actual outstanding principal amount of the applicable RO as of such RO’s Effective Date.

	Net USD Notional Amount
	   	On any day, the Notional Amount at the close of business (London time) on that day multiplied by the related Initial
Price divided by the related FX Rate for that RO.

	Average Notional Amount
	   	With respect to any Floating Rate Period, the sum of the Net USD Notional Amounts for each day in that period divided by
the actual number of days in that period.

	Termination Date
	   	The earlier of: (i) the Facility End Date, (ii) the Defaulted Termination Date, (iii) the Transaction Termination Date or
(iv) the date on which the Notional Amount of the Transaction equals zero.

	Removal Date
	   	The Business Day specified by Counterparty or GSI for early termination, in whole or in part, of a Transaction relating
to an RO in accordance with a Portfolio Adjustment or Special Reference Obligation Termination Event, or on which the conditions giving rise to a
removal, as specified under “RO Conversion” below occur.

	2. Effective Date Exchange

	Counterparty Exchange
 Amount
	   	On the Effective Date with respect to a Transaction relating to an RO, Counterparty shall pay to GSI an amount in the
Specified Currency with respect to such RO equal to its Initial Notional Amount multiplied by its Offered Price.

	GSI Exchange Amount
	   	On the Effective Date with respect to a Transaction relating to an RO, GSI shall pay to Counterparty an amount in USD
with respect to such RO equal to its Initial Notional Amount multiplied by its Offered Price divided by its Initial FX Rate.

	3. Haircut

	Haircut
Percentage
	   	The Haircut
Percentage shall be the percentage determined in accordance with the table below by reference to the rating of the relevant RO as of the relevant date.
For the avoidance of doubt the Haircut Percentage applicable to an RO may change after the Effective Date if its applicable rating
changes.

	 	   	  

 

13

	
 
	   	
Rating
	   	   	
Percentage
	
 

	 
	   	“AAA” FFELP Assets
	   	 
	   	[*]% plus the Selected Percentage
	   	 

	 
	   	“A” or
better and a Specified Haircut RO
	   	 
	   	[*]% plus the
Selected Percentage
	   	 

	 
	   	“A” or
better and not a Specified Haircut RO
	   	 
	   	[*]% plus the
Selected Percentage
	   	 

	 
	   	“BBB”
but less than “A” and a Specified Haircut RO
	   	 
	   	[*]% plus the
Selected Percentage
	   	 

	 
	   	“BBB” but less than “A” and not a Specified Haircut RO
	   	 
	   	[*]% plus the Selected Percentage
	   	 

	 
	   	Less than “BBB” and a Specified Haircut RO
	   	 
	   	[*]% plus the Selected Percentage 
	   	 

	 
	   	Less than “BBB” and not a Specified Haircut RO
	   	 
	   	[*]% plus the Selected Percentage 
	   	 

	 	  	  
	 
	   	As used
above:

	 	  	  
	 
	   	““A” or better” means that the RO is rated at least (i) A+/A by S&P and (ii) A1/A2 by Moody’s and, (iii) if rated
by Fitch, is rated at least A+/A by Fitch;

	 	  	  
	 
	   	““BBB” but less than “A”” means that the RO (x) is not rated “A or better” and (y) is rated at least
(i) A-/ BBB+/BBB/BBB- by S&P and (ii) A3/Baa1/Baa2/Baa3 by Moody’s and, (iii) if rated by Fitch, is rated at least A-/BBB+/BBB/BBB- by
Fitch.

	 	  	  
	 
	   	““Less
than “BBB”” means that the RO is neither ““A” or better” nor ““BBB” but less than
“A.””

	 	  	  
	 
	   	““AAA” FFELP Assets” means that the RO is a securitization where the securitized receivables are exclusively comprised of
Guaranteed Student Loans, and (x) is rated Aaa by Moody’s, (y) if rated by Fitch, is rated AAA by Fitch and (z) either (I) is rated AAA by S&P
or (II) if such RO has the Rule 144A ISIN of [*] or the Regulation S ISIN of [*], is rated at least AA+ by
S&P.

	 	  	  
	 
	   	“Selected Percentage” means (x) in respect of any date prior to the seven year anniversary of the
Facility Commencement Date, zero and (y) in respect of any date after the seven year anniversary of the Facility Commencement Date, a figure of between
0% and 10% selected by GSI; provided, however, that (i) the Selected Percentage may not exceed 10%, (ii) the Selected Percentage may not be decreased
from its value on any prior date and (iii) each incremental increase in the Selected Percentage shall result in a reduction of the Facility Fee Rate by
five bps with effect from the date of such increase, with the values of the Facility Fee corresponding to each possible value of the Selected
Percentage as set forth below.

	 	  	  
	 
	   	Selected
 Percentage
	   	Facility Fee
 Rate (bps)
	   	Selected Percentage
	   	Facility Fee
 Rate (bps)

	 
	   	0%
	   	285
	   	6%
	   	255

	 
	   	1%
	   	280
	   	7%
	   	250

	 
	   	2%
	   	275
	   	8%
	   	245

	 
	   	3%
	   	270
	   	9%
	   	240

	 
	   	4%
	   	265
	   	10%
	   	235

	 
	   	5%
	   	260
	   	 
	   	 

 

	*
	 	Confidential treatment has been requested and the redacted
material has been filed separately with the Securities and Exchange Commission.

14

	4. Total Return Payer Payments

	Total Return Coupon
 Payments
	   	On each Total Return Coupon Payment Date, GSI shall pay to Counterparty an amount in the Specified Currency equal to the
Actual Coupon Payment on the related RO.

	Total
Return Coupon
 Payment Dates
	   	With respect to an
RO, the date falling five Business Days following each date on which the Holders of the RO receive an Actual Coupon Payment.

	 	 	 
	 
	   	For the avoidance of doubt, a Total Return Coupon Payment Date may occur more or less frequently, and may occur on the
same or a different day, than the related Floating Rate Payment Date for the same corresponding RO.

	5. Floating Rate Payer Payments

	Floating
Rate Payments
	   	On each Floating
Rate Payment Date, Counterparty shall pay to GSI an amount in USD equal to:

	 	 	 
	 
	   	(1) The Average Notional Amount for the Floating Rate Period that corresponds to such Floating Rate Payment Date times
(2) the Floating Rate as of the Floating Rate Reset Date corresponding to such Floating Rate Period times (3) the Floating Rate Day Count
Fraction

	Floating
Rate Period End
 Dates
	   	Each of (i) (A)
with respect to the Specified Rate ROs, the monthly dates specified in Annex A and (B) with respect to all other ROs, the quarterly dates specified in
Annex A (in each case commencing on but excluding the Effective Date) and (ii) the Termination Date.

	 	 	 
	 
	   	“Specified Rate ROs” means the ROs with the following CUSIPs: [*], [*] and
[*].

	Floating Rate Payment
 Dates
	   	The date falling five Business Days following each Floating Rate Period End Date.

	Floating Rate
	   	USD-LIBOR-BBA (with a Designated Maturity equal to one month in the case of the Specified Rate ROs and three months in
the case of all other ROs) plus the Floating Rate Spread. Linear Interpolation shall apply.

	Floating Rate Spread
	   	0 bps

	Floating Rate Period
	   	The period from, and including, the prior Floating Rate Period End Date or the Effective Date, as applicable, to, but
excluding, the current Floating Rate Period End Date.

	Floating Rate Day Count
 Fraction
	   	Actual/360

	Floating Rate Reset Dates
	   	The first day of each Floating Rate Period

	6. Principal Payments

	Floating
Rate Principal
 Payments
	   	On each Principal
Payment Date, Counterparty shall pay to GSI an amount in USD equal to:

	 	 	 
	 
	   	(1) the amount of the Actual Principal Repayment on the related RO times (2) the

 

	*
	 	Confidential treatment has been requested and the redacted
material has been filed separately with the Securities and Exchange Commission.

15

	 
	   	Offered Price divided by (3) FX Rate.

	Amortized Net Notional
 Amount
	   	For any Principal Payment Date, the amount of the Actual Principal Repayment on the related RO times the Initial
Price.

	First Total Return Principal
 Payments
	   	On
                                                                                                                                                                    each
                                                                                                                                                                    Principal
                                                                                                                                                                    Payment
                                                                                                                                                                    Date,
                                                                                                                                                                    GSI
                                                                                                                                                                    shall
                                                                                                                                                                    pay
                                                                                                                                                                    to
                                                                                                                                                                    CIT
                                                                                                                                                                    Barbados
                                                                                                                                                                    (subject
                                                                                                                                                                    to
                                                                                                                                                                    “GSI
                                                                                                                                                                    Barbados
                                                                                                                                                                    Payment
                                                                                                                                                                    Netting”
                                                                                                                                                                    below)
                                                                                                                                                                    an
                                                                                                                                                                    amount
                                                                                                                                                                    in
                                                                                                                                                                    USD
                                                                                                                                                                    equal
                                                                                                                                                                    to
                                                                                                                                                                    (a)
                                                                                                                                                                    the
                                                                                                                                                                    Actual
                                                                                                                                                                    Principal
                                                                                                                                                                    Repayment
                                                                                                                                                                    on
                                                                                                                                                                    the
                                                                                                                                                                    related
                                                                                                                                                                    RO
                                                                                                                                                                    times
                                                                                                                                                                    (b)
                                                                                                                                                                    the
                                                                                                                                                                    Initial
                                                                                                                                                                    Haircut
                                                                                                                                                                    Percentage
                                                                                                                                                                    divided
                                                                                                                                                                    by
                                                                                                                                                                    (c)
                                                                                                                                                                    the
                                                                                                                                                                    FX
                                                                                                                                                                    Rate
                                                                                                                                                                    with
                                                                                                                                                                    respect
                                                                                                                                                                    to
                                                                                                                                                                    that
                                                                                                                                                                    RO.

	Second Total Return
 Principal Payments
	   	On each Principal Payment Date, GSI shall pay to Counterparty an amount in the Specified Currency equal to the Actual
Principal Repayment on the related RO.

	Principal Payment Dates
	   	With respect to an RO, the date falling five Business Days following each date on which the Holders of such RO receive an
Actual Principal Repayment.

	7. Termination Payments

	First Total Return
 Termination Payment
	   	On the Termination Payment Date with respect to any Transaction, GSI shall pay to CIT Barbados with respect to the RO
related to such Transaction (subject to “GSI Barbados Payment Netting” below) an amount in USD equal to the Terminated Notional Amount of
such RO times the Initial Haircut Percentage divided by the FX Rate for such RO (the “Haircut Termination Amount” and
the aggregate of all such Haircut Termination Amounts on any Termination Payment Date, the “Aggregate Haircut Termination
Amount”).

	Second Total Return
 Termination Payment
	   	On
                                                                                                                                                                    each
                                                                                                                                                                    Termination
                                                                                                                                                                    Payment
                                                                                                                                                                    Date,
                                                                                                                                                                    GSI
                                                                                                                                                                    shall
                                                                                                                                                                    pay
                                                                                                                                                                    to
                                                                                                                                                                    Counterparty
                                                                                                                                                                    an
                                                                                                                                                                    amount
                                                                                                                                                                    in
                                                                                                                                                                    the
                                                                                                                                                                    Specified
                                                                                                                                                                    Currency
                                                                                                                                                                    equal
                                                                                                                                                                    to
                                                                                                                                                                    the
                                                                                                                                                                    Terminated
                                                                                                                                                                    Notional
                                                                                                                                                                    Amount
                                                                                                                                                                    times
                                                                                                                                                                    the
                                                                                                                                                                    Final
                                                                                                                                                                    Price.

	Floating
Rate Termination
 Payment
	   	On each
Termination Payment Date, Counterparty shall pay to GSI an amount in USD equal to:

	 	 	 
	 
	   	(A) the Terminated
Notional Amount times the Initial Price of the related RO divided by the FX Rate for such RO

	 	 	 
	 
	   	plus

	 	 	 
	 
	   	(B) the Terminated Notional Amount times the Initial Haircut Percentage of the related RO divided by the FX
Rate for such RO.

	Termination Payment Date
	   	Each Removal Date, Defaulted Termination Date, Transaction Termination Date or Facility End Date, as
applicable.

	8. Re-Striking Payments

	Trigger
Threshold
	   	The “Trigger
Threshold” shall be met on any date on which the absolute value of the MTM is in excess of 3% of the Aggregate Notional Amount,
where:

	 	 	 
	 
	   	“MTM” shall equal the aggregate sum of the Market Related Amount for each RO in the
Portfolio.

	Re-Striking Date
	   	Each of (i) ten (10) Business Days following the date upon which a Trigger Threshold is met, or (ii) the Effective Date
of any Re-Striking Substitution.

 

16

	Re-Striking
	   	On giving not less
than three Business Days notice, prior to the Re-Striking Date, in writing to Counterparty, GSI may, with effect as of any Re-Striking Date, elect to
re-strike the Initial Price of one or more ROs in the Portfolio as determined by GSI such that, after giving effect to such adjustment on the
Re-Striking Date, the MTM would be equal to zero (a “Re-Striking”). A Re-Striking shall also occur on the Effective Date of any
Re-Striking Substitution designated by Counterparty pursuant to “Portfolio Adjustment Notice” above. If GSI so elects or if Counterparty
makes a Re-Striking Substitution:

	 	 	 
	 
	   	(i) a Removal Date
shall be deemed to occur on the Re-Striking Date, with respect to the Notional Amount of each RO for which a Re-Striking occurs and the parties shall
make the payments required hereunder in connection with a Removal Date, provided that for the purposes of determining the amount of such payments, the
Final Price of each RO for which a Re-Striking occurs shall be deemed to be the Current Price as of the Re-Striking Date;

	 	 	 
	 
	   	(ii) a new
Effective Date shall be deemed to occur on the Re-Striking Date with respect to the Notional Amount of each RO for which a Re-Striking occurs and the
parties shall make the payments required hereunder in connection with an Effective Date;

	 	 	 
	 
	   	(iii) the Initial Price of each RO for which a Re-Striking occurs shall, with effect from the Re-Striking Date, be reset
to (1) Current Price minus (2) Haircut Percentage (in each case as of the Re-Striking Date);

	 	 	 
	 
	   	(iv) the Offered
Price of each RO for which a Re-Striking occurs shall, with effect from the Re-Striking Date, be reset to the Current Price as of the Re-Striking
Date;

	 	 	 
	 
	   	(v) the Initial FX
Rate of each RO for which a Re-Striking occurs shall, with effect from the Re-Striking Date, be reset to be equal to the Current FX Rate as determined
two Business Days prior to the Re-Striking Date; and

	 	 	 
	 
	   	(vi) the Initial Haircut Percentage of each RO for which a Re-Striking occurs shall be reset to the Haircut Percentage on
the Re-Striking Date.

	 
	   	For the avoidance
of doubt, on any Re-Striking Date, by operation of (and without duplication of) the Initial Payment, the Effective Date Exchange provision of Paragraph
2 and the Termination Payment provision of Paragraph 7, and with respect to each RO for which a Re-Striking Date occurs on such
date:

	 	 	 
	 
	   	(1) GSI shall pay
to CIT Barbados an amount in USD equal to the Notional Amount times the Initial Haircut Percentage for the relevant RO before the Re-Striking
Date for the relevant RO divided by the Initial FX Rate for the relevant RO (each as determined before such Re-Striking).

	 	 	 
	 
	   	(2) CIT Barbados
shall pay to GSI an amount in USD equal to the Notional Amount times Initial Haircut Percentage divided by the Initial FX Rate (each as
determined pursuant to such Re-Striking).

	 	 	 
	 
	   	(3) Counterparty
shall pay to GSI an amount in the Specified Currency equal to the Notional Amount times the Current Price for the relevant RO (each as
determined pursuant to such Re-Striking).

	 	 	 
	 
	   	(4) GSI shall pay to Counterparty an amount in USD equal to the Notional Amount times the Current Price for the
relevant RO divided by the Initial FX Rate for the relevant RO (each as determined pursuant to such Re-Striking).

 

17

	 
	   	(5) GSI shall pay
to Counterparty an amount in the Specified Currency equal to the Notional Amount times the Current Price of the relevant RO as of such Re-Striking
Date.

	 	 	 
	 
	   	(6) Counterparty
shall pay to GSI an amount in USD equal to the Notional Amount times (the Initial Price for the relevant RO plus the Initial Haircut Percentage for the
relevant RO) divided by the Initial FX Rate for the relevant RO (each as determined before such Re-Striking).

	 	 	 
	 
	   	Items (1) and (2)
shall be netted with respect to all ROs for which a Re-Striking Date is occurring on such date and (i) if a net amount is payable by CIT Barbados to
GSI on such Re-Striking Date (a “Net Re-Striking Haircut Addition Amount”), CIT Barbados shall pay such Net Re-Striking Haircut
Addition Amount to GSI on such Re-Striking Date and (ii) if a net amount is payable by GSI to CIT Barbados on such Re-Striking Date (a “Net
Re-Striking Haircut Return Amount”), then GSI shall pay such Net Re-Striking Haircut Return Amount to CIT Barbados (subject to “GSI
Barbados Payment Netting” below) on such Re-Striking Date.

	 	 	 
	 
	   	Items (3), (4), (5) and (6) shall be netted with respect to all ROs for which a Re-Striking Date is occurring on such
date and (i) if a net amount is payable by Counterparty to GSI on such Re-Striking Date (a “Net Re-Striking Loss Amount”),
Counterparty shall pay such Net Re-Striking Loss Amount to GSI on such Re-Striking Date and (ii) if a net amount is payable by GSI to Counterparty (a
“Net Re-Striking Gain Amount”), then GSI shall pay such Net Re-Striking Gain Amount to Counterparty on such Re-Striking
Date.

	9. Credit Event Termination

	Credit
Event
	   	Failure to Pay;
provided “Failure to Pay” shall mean:

	 	 	 
	 
	   	after the
expiration of any applicable grace period (however defined under the terms of the RO), the occurrence of a non-payment of a payment of interest
Scheduled to be Due or principal due on the RO on any date, in accordance with the terms of such RO at the time of such failure. The occurrence of a
Failure to Pay shall be determined without regard to the effect of any provisions of the RO that permit or provide for the limitation of payments of
principal or interest in accordance with the terms of the RO pursuant to an available funds cap or otherwise, that provide for the capitalization,
payment-in-kind or deferral of interest on the RO, or that provide for the extinguishing or reduction of such payments of principal or interest without
a corresponding payment to Holders of the RO.

	 	 	 
	 
	   	Bankruptcy (as
defined in the Credit Definitions) of the Reference Entity or any Insurer and/or credit support provider. For the avoidance of doubt a “credit
support provider” for the foregoing purpose is an entity, if any, indicated as such in Annex A under the heading “guarantor or credit support
provider” and does not refer to CIT Group Inc. (“CIT Group”) or CIT Barbados as “Credit Support Providers” for purposes
of the Master Agreement.

	 	 	 
	 
	   	“Scheduled to be Due” means in the case of an interest payment that such interest payment would accrue
during the related calculation period for the RO using the Reference Obligation Coupon identified in Annex A on the outstanding principal balance of
the RO for such calculation period, assuming for this purpose that sufficient funds are available therefor in accordance with the terms of the
RO.

 

18

	Credit
Event Notice
 Requirement
	   	Notice of a Credit
Event from GSI to Counterparty shall be in the form of an irrevocable notice in writing of the occurrence of a Credit Event. The notice
shall:

	 	 	 
	 
	   	(i) identify the
Credit Event in question and shall contain a description in reasonable detail of the facts relevant to the determination that a Credit Event has
occurred, and

	 	 	 
	 
	   	(ii) be
accompanied with Publicly Available Information (as defined in Sections 3.5(a) and (c) of the Credit Definitions and for such purposes the Specified
Number of Public Sources shall be one and the RO is the Obligation).

	 	 	 
	 
	   	A Credit Event
Notice shall be subject to the requirements regarding notices set forth in Section 1.10 of the Credit Definitions (except that the giving of notice by
telephone shall not be permitted) which, together with the requirements set out above, shall be used to determine whether a Credit Event Notice is
“effective.”

	 	 	 
	 
	   	For the avoidance of doubt, the provisions of Section 3.3 of the Credit Definitions providing that a Credit Event need
not be continuing on the date of a Credit Event Notice, and all other provisions of Section 3.3 of the Credit Definitions not expressly amended hereby,
shall apply to this Credit Event Notice Requirement.

	Trustee/Servicer Report
	   	Periodic statements or reports regarding the RO provided to the Holders of the RO by the trustee, servicer, sub-servicer,
master servicer, fiscal agent, paying agent or other similar entity responsible for calculating payment amounts or providing reports pursuant to the
underlying instruments of the RO.

	Defaulted Termination Date
	   	10 Business Days after the Credit Event Notification Date.

	Defaulted Termination
 Event
	   	Upon GSI notifying Counterparty of a Credit Event in accordance with Credit Event Notice Requirement (the effective date
of such notice being the “Credit Event Notification Date”), the Transaction will terminate in whole on the Defaulted Termination
Date.

	10. Breakage Payments

	LIBOR Breakage Payment
 Date:
	   	The occurrence of a (i) Removal Date, (ii) Principal Payment Date, (iii) Defaulted Termination Date; or (iv) a
Re-Striking Date, unless any such date occurs on either (a) a Floating Rate Period End Date or (b) the Facility End Date.

	LIBOR Breakage Payment:
	   	In the event, and only in the event, that a LIBOR Breakage Payment Date occurs, Counterparty shall pay to GSI on such
LIBOR Breakage Payment Date an amount equal to the LIBOR Breakage Payment Amount (if positive) for such LIBOR Breakage Payment Date or GSI shall pay to
Counterparty an amount equal to the absolute value of the LIBOR Breakage Payment Amount (if negative) for such LIBOR Breakage Payment
Date.

	LIBOR
Breakage Payment
 Amount:
	   	With respect to
each LIBOR Breakage Payment Date, an amount calculated by the Calculation Agent according to the following formula (the “LIBOR Breakage Payment
Amount”):

	 	 	 
	 
	   	With respect to a
Principal Payment Date:

	 	 	 
	 
	   	(L1 – L2) x
(D/360) x Amortized Net Notional Amount/FX Rate

	 	 	 
	 
	   	With respect to a Removal Date or Defaulted Termination Date:

 

19

	 
	   	(L1 – L2) x
(D/360) x Terminated Notional Amount x Initial Price/FX Rate

With respect to a Re-Striking Date and any Net Re-Striking Loss
Amount:

	 	 	 
	 
	   	(L1 – L2) x
(D/360) x Net Re-Striking Loss Amount

	 	 	 
	 
	   	Where:
—

	 	 	 
	 
	   	“L1” equals the current Floating Rate (excluding the Floating Rate Spread) for the period ending on the next succeeding
Floating Rate Period End Date as set on the immediately previous Floating Rate Reset Date.

	 	 	 
	 
	   	“L2” equals USD-LIBOR-BBA minus 0.15%, with a Designated Maturity equal to “D” (as defined below) with the Floating
Rate Reset Date being the current LIBOR Breakage Payment Date; provided, however, that if such Designated Maturity shall be one week or less, one-week
USD-LIBOR-BBA shall be used. If such Designated Maturity is longer than one week and there is no USD-LIBOR-BBA published with such a Designated
Maturity, Linear Interpolation of the next shorter and next longer published Designated Maturities of USD-LIBOR-BBA shall be
used.

	 	 	 
	 
	   	“D” equals the actual number of days remaining in the Calculation Period from, and including, the
current LIBOR Breakage Payment Date to, but excluding, the next Floating Rate Period End Date.

	11. Definitions

	Actual Coupon Payments
	   	All payments, including, without limitation, interest and fees, if any, paid by or on behalf of the Reference Entity in
respect of an outstanding principal balance of the applicable RO equal to the Notional Amount to a Holder (other than Final Price proceeds or Actual
Principal Repayments).

	Actual Principal
 Repayments
	   	In respect of any Principal Payment Date, all payments on such date in respect of the reimbursement of principal
allocable to an outstanding principal amount of the RO equal to the Notional Amount (as in effect immediately prior to such Actual Principal Repayment)
including, if applicable to such date, principal payments on the maturity date and makewhole or premium payments, if any, paid by or on behalf of the
Reference Entity to a Holder. In no event shall a First Total Return Termination Payment, Second Total Return Termination Payment or a Floating Rate
Termination Payment be payable by either party in connection with an Actual Principal Repayment.

	Final Price
	   	(1) With respect to a Termination Payment Date other than where Bid Disqualification Condition item (iii) below would
apply, the price (expressed as a percentage) determined three Business Days prior to the scheduled Termination Payment Date (the “Counterparty
Bidding Date”) on the basis of the firm bids, including accrued interest, (each a “Firm Bid”) for a principal amount of the
RO equal to the Terminated Notional Amount, for settlement on the scheduled Termination Payment Date, obtained by the Calculation Agent on such
Counterparty Bidding Date from Counterparty or Counterparty’s designee, where (i) the Calculation Agent will give Counterparty notice of the
Counterparty Bidding Date (unless the Termination Payment Date arises from a Removal Date notified by Counterparty or a Credit Event Notification Date)
of its intention to obtain Firm Bids pursuant to this provision and the applicable deadline time for submission of a bid and (ii) Counterparty may, but
shall not be obligated to, provide a Firm Bid or procure a Firm Bid from a third party (including an Affiliate of Counterparty) designated by
Counterparty; provided, however, that (A) if no Firm Bid is obtained for any portion of the entire Terminated Notional Amount of the RO by the deadline
time on the Counterparty Bidding Date, then the Termination Payment Date

 

20

	 
	   	shall be postponed
to the Business Day following the originally scheduled Termination Payment Date and (B) if the party providing the Firm Bid on the Counterparty Bidding
Date fails to perform its obligation to make payment for the Terminated Notional Amount based on such Firm Bid on the scheduled Termination Payment
Date, the Termination Payment Date shall be postponed to the fourth Business Day following the originally scheduled Termination Payment
Date.

	 	 	 
	 
	   	(2) With respect
to a Termination Payment Date where (x) Bid Disqualification Condition item (iii) below would apply or (y) the proviso in sub-clause (1)(A) above
applies or (z) the proviso in sub-clause (1)(B) above applies, the price (expressed as a percentage) determined three Business Days prior to the
scheduled Termination Payment Date (in the case of sub-clause (x)) or the postponed Termination Payment Date (in the case of sub-clause (y) or (z)), as
applicable (the “Alternative Bidding Date”) on the basis of the highest of the Firm Bids for a principal amount of the RO equal to the
Terminated Notional Amount, for settlement on the Termination Payment Date or the postponed Termination Payment Date (as the case may be), obtained by
the Calculation Agent on such Alternative Bidding Date, where (i) the Calculation Agent shall attempt to obtain a Firm Bid for the Terminated Notional
Amount of the RO from one or more Independent Dealers, (ii) except in the case of an Alternative Bidding Date occurring due to the failure of the party
providing the Firm Bid on the Counterparty Bidding Date to perform its obligation to make payment for the Terminated Notional Amount as described in
sub-clause (1)(B) above (aa) the Calculation Agent will give Counterparty notice of its intention to obtain Firm Bids pursuant to this provision and
the applicable deadline time for submission of bids and (bb) Counterparty may, but shall not be obligated to, provide a Firm Bid or procure a Firm Bid
from a third party (including an Affiliate of Counterparty) designated by Counterparty and (iii) if no Firm Bid is obtained for any portion of the
entire Terminated Notional Amount of the RO by the deadline time on the Alternative Bidding Date, then the Final Price for such portion shall be deemed
to be zero percent.

	 	 	 
	 
	   	Notwithstanding
the foregoing, the Calculation Agent shall be entitled to disregard as invalid any Firm Bid submitted by any third party (including an Affiliate of
Counterparty) if, in the Calculation Agent’s commercially reasonable judgment,

	 	 	 
	 
	   	(i)   either (x) such
third party is ineligible to accept assignment or transfer of the relevant RO or portion thereof, as applicable, substantially in accordance with the
then-current market practice in the principal market for the RO, as reasonably determined by the Calculation Agent, or (y) such third party would not,
through the exercise of its commercially reasonable efforts, be able to obtain any consent required under any agreement or instrument governing or
otherwise relating to the RO to the assignment or transfer of the RO or portion thereof, as applicable, to it;

	 	 	 
	 
	   	(ii)  such Firm Bid
is not bona fide, including, without limitation, due to (x) the insolvency of the bidder or (y) the inability, failure or refusal of the bidder
to settle the purchase of the RO or portion thereof, as applicable, or otherwise settle transactions in the relevant market or perform its obligations
generally; or

	 	 	 
	 
	   	(iii) in connection
with any Firm Bid procured by Counterparty on any Counterparty Originated Asset (as defined above), Counterparty is in breach of the Indemnity Letter
provided in connection with the addition of such RO or any other Potential Event of Default or Event of Default has occurred and is continuing in
relation to Counterparty.

	 	 	 
	 
	   	(each of item (i), (ii) or (iii) above, a “Bid Disqualification Condition”).

 

21

	Holder
	   	A hypothetical holder of a nominal amount of the RO equal to the Notional Amount.

	Terminated Notional
 Amount
	   	In respect of each Termination Payment Date (i) in the case of a Termination Payment Date arising other than from a
Removal Date, the current Notional Amount in full and (ii) in the case of a Termination Payment Date arising from a Removal Date, the portion of the
Notional Amount designated for removal by Counterparty in connection with such Removal Date.

	Transaction Termination
 Date
	   	As specified in Annex A.

	12. Other Terms

	Collateral
	   	Credit Support
Annex; provided that, the component of a party’s Exposure attributable to the Facility and each Transaction hereunder will be the Facility
Exposure as determined below.

	 	 	 
	 
	   	“Market
Related Amount” means, for any RO, [(Initial Price divided by FX Rate) minus ([Current Price minus Haircut
Percentage] divided by Current FX Rate)] times Notional Amount plus Accrued Floating Amount.

	 	 	 
	 
	   	“Accrued
Floating Amount” means the Floating Rate Payment accrued from (and including) the previous Floating Rate Period End Date to (but excluding)
the date of calculation.

	 	 	 
	 
	   	“Facility
Exposure” means, as of any date of determination:

	 	 	 
	 
	   	(a) the sum of the
Market Related Amounts calculated for each RO included in the Portfolio as of such date of determination plus

	 	 	 
	 
	   	(b) (i) 75%
times (ii) the Present Value Facility Fee as of such date of determination plus

	 	 	 
	 
	   	(c) the greater of
(x) zero and (y) (A) 25.5% times the Present Value Facility Fee as of such date of determination minus (B) the aggregate of the RO Haircut
Amounts as of such date of determination for each RO included in the Portfolio as of such date.

	 	 	 
	 
	   	“RO
Haircut Amount” means for each RO and on any date of determination, the product of (A) the Notional Amount of such RO times (B) the Haircut
Percentage for such RO divided by (C) the Current FX Rate for such RO.

	 	 	 
	 
	   	“Current
Price” means the bid side market value of the RO (expressed as percentage of principal balance) as determined by the Calculation Agent in its
sole and absolute discretion. The parties are entitled to assume that there has been no change in the Current Price, and rely on the preceding
notification, until such time as a new Current Price is notified to the parties by the Calculation Agent.

	 	 	 
	 
	   	If the Facility
Exposure is a positive number, then such amount shall be deemed to be a positive Settlement Amount for the purposes of determining GSI’s Exposure
in respect of the Transactions and a negative Settlement Amount for the purposes of determining Counterparty’s Exposure in respect of the
Transactions.

	 	 	 
	 
	   	If the Facility Exposure is a negative number, then the absolute value of such amount shall be deemed to be a negative
Settlement Amount for purposes of determining GSI’s

 

22

	 
	   	Exposure in
respect of the Transactions and positive Settlement Amount for the purposes of determining Counterparty’s Exposure in respect of the Transactions;
provided, however, that in the event that the Facility Exposure is a negative amount the absolute value of which exceeds the Available Maximum
Aggregate Notional Amount, then the foregoing provisions of this paragraph shall not apply and the Available Maximum Aggregate Notional Amount shall be
deemed to be a negative Settlement Amount for purposes of determining GSI’s Exposure in respect of all of the ROs in the Portfolio and positive
Settlement Amount for the purposes of determining Counterparty’s Exposure in respect of all of the ROs in the Portfolio.

	 	 	 
	 
	   	“Available
Maximum Aggregate Notional Amount” means, on any date, the greater of (i) zero and (ii) the Maximum Aggregate Notional Amount minus the
Aggregate Notional Amount, with such amount being zero in the event that the amounts in clauses (i) and (ii) are equal.

	 	 	 
	 
	   	Notwithstanding
the provisions of the Credit Support Annex, on any date on which the aggregate of the RO Haircut Amounts does not exceed the Minimum Transfer Amount
applicable to Delivery Amounts by Counterparty under the Credit Support Annex, the Minimum Transfer Amount applicable to Delivery Amounts by
Counterparty shall be zero.

	 	 	 
	 
	   	In the event that
GSI receives written notice from Counterparty that Counterparty, acting in a commercially reasonable manner, disputes the Current Price as determined
above (a “Dispute Notice”), (i) the Current Price on the relevant date shall be the Current Price determined by the Calculation Agent;
and (ii) Counterparty shall be entitled to obtain an Independent Price on the Business Day following the date on which Counterparty satisfies its
obligation to Transfer Eligible Credit Support pursuant to Paragraph 3(a) of the Credit Support Annex.

	 	 	 
	 
	   	If Counterparty
obtains an Independent Price on the Business Day following the date on which it satisfies its obligation pursuant to Paragraph 3(a) of the Credit
Support Annex, the Current Price on such Business Day shall be the Independent Price so obtained, provided, however, that if GSI reasonably believes,
acting in good faith and in a commercially reasonable manner, that such Independent Price does not reflect the market value of the RO, GSI shall notify
Counterparty and (i) the Current Price on the relevant date shall be the Current Price determined by the Calculation Agent; and (ii) Counterparty shall
on the next Business Day obtain a firm bid for the Notional Amount from at least one Independent Dealer (an “Independent Bid”) and the
Current Price on such Business Day shall be such Independent Bid (subject to any Bid Disqualification Condition).

	 	 	 
	 
	   	If Counterparty does not obtain an Independent Price on the next Business Day following a Dispute Notice, or does not
obtain an Independent Bid after receiving notice from GSI that it does not believe that such Independent Price reflects the market value of the RO, the
Current Price on such Business Day shall be the market bid price of the RO as determined by the Calculation Agent as of the date of such
calculation.

	Independent Price
	   	The Independent
Price shall be on any date of determination the average of the market bid prices, including accrued interest, relating to a principal amount of the RO
equal to the Notional Amount provided by at least two Independent Dealers nominated by Counterparty; provided that if at least two bids are not
available, then only one bid may be used, and if no bids are available, then the Current Price on such Business Day shall be the market bid price of
the RO as determined by Calculation Agent as of the date of such calculation.

	 	 	 
	 
	   	“Independent Dealers” means Bank of America Merrill Lynch, The Bank of New York

 

23

	 
	   	Mellon, Barclays Capital, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, JPMorgan, Morgan Stanley, Royal Bank of
Scotland, UBS AG, Wells Fargo, the lead arrangers or underwriters in respect of the RO, any Affiliate or successor of any of the foregoing and any
other unaffiliated third party designated by Counterparty and agreed to by GSI.

	Payments
on Early
 Termination
	   	Notwithstanding
anything to the contrary in the Master Agreement, upon the occurrence of an Early Termination Date in respect of any Transaction hereunder, then the
Loss of each of the parties in respect of such Transaction shall be determined for such Transaction as equal to the Market Related Amount in relation
thereto; where if the Market Related Amount is a negative number, then the absolute value of such amount shall be deemed to be a positive Loss of
Counterparty and a negative Loss of GSI in respect of the relevant Transaction and if the Market Related Amount is a positive number, then such amount
shall be deemed to be a negative Loss of Counterparty and a positive Loss of GSI in respect of the relevant Transaction; provided, however, that for
purposes of determination of Loss (i) the reference in the definition of Market Related Amount to “Current Price” shall be deemed to be a
reference to “Final Price,” (ii) the second Business Day following the Early Termination Date shall be treated as the Termination Payment
Date solely for purposes of the definition of “Final Price” and (iii) for the avoidance of doubt, the provisions set forth under
“Collateral” (other than the definitions of Market Related Amount and Accrued Floating Amount) shall not apply.

	 	 	 
	 
	   	In addition to the
payments set out above,

	 	 	 
	 
	   	(A) GSI shall pay
to CIT Barbados an amount in USD equal to the Haircut Termination Amount with respect to any terminated Transaction calculated as though the Early
Termination Date were the Transaction Termination Date for for such Transaction, provided that, unless either GSI or CIT Barbados makes a different
election pursuant to the Netting Agreement of even date herewith among GSI, Counterparty, each of GSI’s and Counterparty’s Credit Support
Providers and certain other parties thereto, any Aggregate Haircut Termination Amount otherwise payable to Counterparty on the Early Termination Date
shall be subject to reduction and setoff for any amounts due and unpaid by Counterparty hereunder or by CIT Netherlands under the CIT Netherlands
Facility (whether in respect of an Early Termination Date thereunder (and as defined therein) or otherwise), and any amounts so reduced or setoff shall
be applied first to all payment obligations of Counterparty hereunder other than any obligation to pay the Unpaid Fee Notional Amount; second, to the
extent such is payable by Counterparty, to such obligation of Counterparty to pay the Unpaid Fee Notional Amount; third to all payment obligations of
CIT Netherlands under the CIT Netherlands Facility other than any obligation to pay the Unpaid Fee Notional Amount thereunder (and as defined therein);
and fourth to the extent such is payable by CIT Netherlands, thereafter to such obligation of CIT Netherlands to pay the Unpaid Fee Notional Amount
under (and as defined in) the CIT Netherlands Facility; and

	 	 	 
	 
	   	(B) so long as GSI
is not the Defaulting Party or the sole Affected Party, upon the occurrence of an Early Termination Date in respect of all Transactions hereunder, an
amount equal to the Unpaid Fee Notional Amount as of such Early Termination Date shall be deemed to be an additional positive Loss of GSI payable to
GSI on such Early Termination Date. The parties agree that the Unpaid Fee Notional Amount represents a reasonable pre-estimate of GSI’s loss
resulting from the occurrence of an Early Termination Date under the Facility and not a penalty.

	 	 	 
	 
	   	“Accrued Facility Fee” shall mean, as of any date of determination, any accrued but unpaid Facility Fee
as at that date.

 

24

	 
	   	“Unpaid
Fee Notional Amount” means in relation to any Early Termination Date the aggregate of (i) the Accrued Facility Fee, and (ii) the Present Value
Facility Fee as of such Early Termination Date.

	 	 	 
	 
	   	“Present Value Facility Fee” shall mean, as of any date of determination, the present value (as
determined by the Calculation Agent) of the Facility Fee which would accrue from (and including) that date to (and including) the date falling 20 years
after the Facility Commencement Date, assuming no Optional Termination Date were to occur and discounting each scheduled Facility Fee amount from the
relevant scheduled Facility Fee Payment Date based on the value of “USD-ISDA-Swap Rate” for a maturity equal to the period of time from the
date of determination to such scheduled Facility Fee Payment Date, as determined by the Calculation Agent.

	RO Conversion
	   	If the RO or any portion thereof is irreversibly converted or exchanged into or for any securities, obligations or other
assets or property that is not cash (“Exchange Consideration”), or any payment on the RO is paid in the form of any Exchange
Consideration, thereafter such Exchange Consideration will constitute the RO or portion thereof and the Calculation Agent shall in good faith adjust
the terms of the related Transaction as the Calculation Agent determines appropriate to preserve the theoretical value of such Transaction to the
parties immediately prior to such exchange or, if such exchange results in a change in value, the proportionate post-exchange value, and determine the
effective date of such adjustments; provided, however, that if the Calculation Agent shall determine in good faith that it is not possible to make such
revisions, a Removal Date shall be deemed to occur in relation to such RO and the Transaction related to such RO shall be
terminated.

	Indemnity Letter Cross
 Default
	   	For the avoidance of doubt, any failure of Counterparty or any other party having obligations under an Indemnity Letter
(other than GSI) to comply with its obligations thereunder shall constitute a Potential Event of Default and, if not cured within the time period
specified in Section 5(a)(ii) of the Master Agreement, shall constitute an Event of Default under such Section of the Master Agreement, with
Counterparty as the Defaulting Party.

	TRS
Conflicting
 Indebtedness
	   	It shall
constitute an Event of Default under Section 5(a)(ii) of the Master Agreement, with Counterparty as the Defaulting Party, and without provision for
cure, if the documentation in relation to the Series A Notes contemplated by the Exchange Offer and Plan of Reorganization or any other secured
indebtedness of Counterparty or any Credit Support Provider of Counterparty from time to time contains any representation, warranty, affirmative or
negative covenant, obligation or event of default (in each case including, without limitation, relating to restrictions on liens or indebtedness)
applicable to Counterparty or any Credit Support Provider of Counterparty that both (i) would be violated or breached by the incurrence of or
performance by Counterparty or any Credit Support Provider of Counterparty of its obligations under the Master Agreement or the Facility or would
conflict with the liens granted to GSI hereunder but for a TRS Lien Exception and (ii) fails to provide for a TRS Lien Exception.

	 	 	 
	 
	   	“TRS Lien Exception” means, with respect to any secured indebtedness of Counterparty or any Credit
Support Provider of Counterparty, that such secured indebtedness permits, as an exception to any representation, warranty, affirmative or negative
covenant obligation or event of default (in each case including, without limitation, relating to restrictions on liens or indebtedness) of Counterparty
or any Credit Support Provider of Counterparty thereunder all payments or Transfers of Posted Credit Support received by GSI pursuant to the terms of
the Master Agreement, the Facility or any Credit Support Document, and the performance or incurrence of all obligations of Counterparty and each Credit
Support Provider of Counterparty hereunder and thereunder (including without limitation with respect to the Present Value Facility Fee) including any
liens, security interests or rights of setoff in favor of GSI contemplated by the terms of the Master Agreement, the Facility or any Credit Support
Document.

 

25

	Amended
and Restated
 Guaranty Provisions
	   	On or after the
Facility Amendment Date, any references in the Master Agreement or herein to the Credit Support Document provided by CIT Group Inc. shall refer to the
Amended and Restated Guaranty dated as of the Facility Amendment Date (the “Amended CIT Group Guaranty”).

	 	 	 
	 
	   	Any failure by CIT Group Inc. to comply with the provisions of the second subparagraph of Paragraph 10 of the Amended CIT
Group Guaranty shall be deemed to constitute an Event of Default under Section 5(a)(viii) (Merger Without Assumption) of the Master
Agreement.

	Rating Agency Reports
	   	With respect to each Counterparty Originated Asset, the servicer that is a party to the Indemnity Letter has agreed under
the Indemnity Letter (and with respect to each other RO, Counterparty agrees) (a) to be responsible for and shall pay or arrange for payment of the
annual fees of Moody’s and S&P and other costs of maintaining the rating of each RO as a monitored rating during the term of the Facility and
(b) to deliver to GSI promptly from time to time any S&P, Moody’s and Fitch reports regarding any ROs that are available to holders of the RO
or to Counterparty or its Affiliates in any capacity as originator, servicer, administrator, manager or otherwise in connection with any Reference
Entity or RO (“Rating Agency Reports”).

 

26

	Special
Reference
	   	In the event
that

	Obligation Termination
	 	 
	Events
	   	(i) the Reference
Entity or any of its Affiliates or, in the case of a Counterparty Originated Asset, any of the Reference Entity, Counterparty or either of their
Affiliates fails to comply with any of the covenants or operating procedures assumed or specified to be performed by such parties in the applicable
True Sale and Nonconsolidation Opinion as a premise for such opinion, and such failure is not cured within the cure period applicable to a Potential
Event of Default under Section 5(a)(ii) of the Master Agreement;

	 	 	 
	 
	   	(ii) a change in
law (including application or interpretation of existing law) results in the applicable True Sale and Nonconsolidation Opinion becoming invalid under
current law as reasonably demonstrated by GSI, and an updated True Sale and Nonconsolidation Opinion taking account of such change in law and otherwise
satisfactory to GSI is not delivered to GSI within 30 days of GSI’s request therefor;

	 	 	 
	 
	   	(iii) a change in
law (including application or interpretation of existing law) would render a Transaction under the Facility no longer to be subject to termination,
netting and closeout without restriction from any automatic stay or similar restriction in an insolvency proceeding under Canadian or U.S. law, as
reasonably demonstrated by GSI;

	 	 	 
	 
	   	(iv) the rating of
the RO ceases to be a monitored rating subject to periodic update by the relevant agency;

	 	 	 
	 
	   	(v) payments of
interest in relation to the RO become subject to withholding tax under applicable law (unless fully compensated under a customary gross-up provision);
or

	 	 	 
	 
	   	(vi) a Qualifying
[*]-Rated RO ceases to satisfy clause (ii) of the definition thereof, unless such RO would be eligible to be included in one of the categories
identified in clause (xv) a., b. or d. of the definition of Eligible RO and adding such RO to such category would not cause the Portfolio to violate
any of the limits set forth in such clause (xv) a., b. or d.;

	 	 	 
	 
	   	then GSI may designate a Removal Date in respect of the relevant RO or Transaction.

	GSI
Barbados Payment
 Netting
	   	Notwithstanding
anything to the contrary herein, on any date elected at the sole discretion of GSI on which a net payment (a “GSI Net Barbados
Payment”) is due from GSI to CIT Barbados (a “GSI Net Barbados Payment Election Date”):

	 	 	 
	 
	   	(i) if the
calculation of Facility Exposure by the Calculation Agent would, after taking into account all relevant Adjustment Considerations (if any), result in a
Delivery Amount or Return Amount becoming due to GSI by Counterparty under the Credit Support Annex, then GSI shall treat Counterparty as having
Transferred to GSI on such date Eligible Credit Support or Posted Credit Support in the form of Cash with a Value equal to the lesser of (I) such GSI
Net Barbados Payment and (II) such Delivery Amount or Return Amount;

	 	 	 
	 
	   	(ii) if a Delivery Amount or a Return Amount is due to GSI by CIT

 

	*
	 	Confidential treatment has been requested and the redacted
material has been filed separately with the Securities and Exchange Commission.

27

	 
	   	Netherlands under
the CIT Netherlands Facility, then GSI shall treat CIT Barbados as having Transferred to GSI on behalf of CIT Netherlands under the CIT Netherlands
Facility on such date Eligible Credit Support or Posted Credit Support in the form of Cash with a Value equal to the lesser of (I) such GSI Net
Barbados Payment minus any amount deemed Transferred to GSI by CIT Barbados under paragraph (i) above and (II) such Delivery Amount or Return Amount
under the CIT Netherlands Facility;

	 	 	 
	 
	   	(iii) if a payment
is due to GSI by CIT Netherlands under the CIT Netherlands Facility, then GSI shall treat CIT Barbados as having paid to GSI on behalf of CIT
Netherlands on such date an amount equal to the lesser of (I) such GSI Net Barbados Payment minus the sum of any amounts deemed Transferred to GSI by
CIT Barbados on behalf of CIT Netherlands under paragraph (i) or (ii) above and (II) such payment; and

	 	 	 
	 
	   	(iv) GSI shall pay
to CIT Barbados, in lieu and in complete satisfaction of such GSI Net Barbados Payment (but subject and without prejudice to any obligation GSI may
have to return to Counterparty or CIT Netherlands any Eligible Credit Support or Posted Credit Support deemed transferred to GSI under paragraph (i) or
(ii) above), a payment in an amount equal to the excess of (I) such GSI Net Barbados Payment over (II) the sum of any amounts (x) deemed Transferred by
CIT Barbados on behalf of CIT Netherlands under paragraph (i) or (ii) above or (y) deemed paid to GSI on behalf of CIT Netherlands under paragraph
(iii) above.

	 	 	 
	 
	   	On each GSI Net
Barbados Payment Election Date, GSI shall provide notice (I) to CIT Barbados of the adjustment made to the relevant GSI Net Barbados Payment pursuant
to paragraphs (i), (ii) and (iii) above and (II) if such adjustment has been made pursuant to paragraph (ii) or (iii) above, to CIT Netherlands of the
amount deemed Transferred or paid to GSI pursuant thereto.

	 	 	 
	 
	   	For the purposes
hereof, if GSI owes any amount in a Specified Currency, such amount shall be converted into USD by GSI in a commercially reasonable manner at the spot
rate of exchange between such Specified Currency and USD as of the date of such conversion.

	 	 	 
	 
	   	“Adjustment Considerations” means, with respect to any date, (i) the RO Haircut Amount(s) after giving
effect to the relevant Actual Principal Repayment for each RO for which a Principal Payment Date is occurring on such date, (ii) the RO Haircut
Amount(s) after giving effect to the relevant Terminated Notional Amount for each RO for which a Termination Payment Date is occurring on such date and
(iii) the RO Haircut Amount and Market Related Amount for each RO for which a Re-Striking is occurring on such date (if any).

	Governing Law
	   	This Confirmation and each Transaction documented hereby will be governed by, and construed and enforced in accordance
with, the law of the State of New York (without reference to its choice of law doctrine).

	13. Payment Details

	Payments to GSI
	   	In accordance with GSI’s written instructions as set forth below or as otherwise delivered to
Counterparty.

	GSI Payment Details
	   	Name of Bank: Citibank, N.A. New York
 Account No.: 4061 6408
 Fed. ABA No.: 021000089

 

28

	GSI
Inquiries and Notices
	   	Goldman Sachs
International
 Attention: Credit Derivatives Middle Office
 Tel: 1 212 357 0167
 Fax: 1 212 428 9189

	 	 	 
	 
	   	With a copy
to:

	 	 	 
	 
	   	Email:
gs-sctabs-reporting@ny.email.gs.com
 Fax: +1 212 428 3697

	 	 	 
	 
	   	All correspondence shall include the GS Reference Number: SDB925241547Y.

	Payments to Counterparty
	   	In accordance with Counterparty’s written instructions as set forth below or as otherwise delivered to GSI. GSI
shall make no payments without having received (i) such written instructions and (ii) a fully executed facsimile copy of this Confirmation or other
written acceptance of the terms hereof.

	Counterparty Payment Details
	   	In accordance with Counterparty’s written instructions as delivered to GSI.

	Payments to CIT Barbados
	   	In accordance with CIT Barbados’ written instructions as set forth below or otherwise delivered to GSI. GSI shall
make no payments without having received (i) such written instructions and (ii) a fully executed facsimile copy of this Confirmation or other written
acceptance of the terms hereof.

	CIT Barbados Payment Details
	   	In accordance with CIT Barbados’ written instructions as delivered to GSI.

 

14.  Additional Acknowledgement and Agreements:

(a)

Counterparty hereby represents to and acknowledges and agrees with GSI that:

(i)

(w) without limitation of Section 9.1 of the Credit Derivatives Definitions, neither GSI nor any of its Affiliates
shall be under any obligation to hedge any Transaction or to own or hold any RO or any securities of any Reference Entity or its Affiliates, directly or indirectly, as a result of any Transaction,
and GSI and its Affiliates may establish, maintain, modify, terminate or re-establish any hedge position or any methodology for hedging at any time without regard to Counterparty; 

(x) Counterparty is not relying on any representation, warranty or statement by GSI or any of its Affiliates as to
whether, at what times, in what manner or by what method GSI or any of its Affiliates may engage in any hedging activities; 

(y) if GSI does hedge any Transaction or GSI or any hedge counterparty does own or hold any RO, directly or
indirectly, as a result of any Transaction, GSI and its Affiliates and any such hedge counterparty may act with respect to such RO and any other securities of the Reference Entity or its Affiliates
in the same manner as if the Transaction did not exist and may originate, purchase, sell, hold or trade, and may exercise or fail to exercise voting, consensual, amendment or remedial rights in
respect of such RO or other obligations, securities or financial instruments of, issued by or linked to such Reference Entity or its Affiliates in their sole and absolute discretion, regardless of
whether any such action might have an adverse effect on such Reference Entity, the value of such RO or the position of Counterparty with respect to such Transaction or otherwise; and

(z) it has consulted with its own tax advisors to the extent that it has deemed necessary, and it has made its own
decisions regarding entering into the Facility and each Transaction based upon its own judgment and upon any advice from such advisors as it has deemed necessary and not upon any view expressed by
GSI or any of its Affiliates or agents.

29 

(ii) The Facility comprises a series of derivative Transactions and no such
Transaction is intended by the parties to be a loan, nor is GSI required to provide a bid at any time in relation to any RO; and

(iii) The fair value of the assets of Counterparty will exceed the debt and liabilities, subordinated, contingent and otherwise of
Counterparty and Counterparty will not have unreasonably small capital with which to conduct the business in which it is engaged as such business is now conducted and is proposed to be conducted.
 

(b) each party acknowledges and agrees that:

(i) (A) The Master Agreement and each Transaction entered into under this Confirmation is a "swap agreement" and/or a
“securities contract” within the meaning given to such term under Section 101(53B) of the Bankruptcy Code; (B) it is a "swap participant" within the meaning given to such term
under Section 101(53C) of the Bankruptcy Code and (C) all Transactions entered into hereunder will constitute "eligible financial contracts" for purposes of the Bankruptcy and Insolvency
Act (Canada), the Companies' Creditors Arrangement Act (Canada) and the Winding Up and Restructuring Act (Canada); 

(ii) Unless identified as an underwriter, arranger or other participant in an offering document relating to an RO, GSI and its
Affiliates have played no role in structuring or arranging for the issuance of any RO or in negotiating or establishing the terms of such RO.  Whether or not GSI or its Affiliates are identified
as an underwriter, arranger or other participant in an offering document relating to an RO, any and all information that may be provided by GSI to Counterparty hereunder with respect to any RO is not
being furnished by GSI in the capacity of an underwriter or dealer of the RO in connection with any Transaction and GSI accepts no responsibility or liability therefor;

(iii) The contents of this Confirmation and the other agreements relating to the Facility are confidential and shall not be disclosed
to any third party, and neither party shall make any public announcement relating to the Facility without the consent of the other party; except that disclosure of this Confirmation and the terms of
the Facility is permitted (A) where required or appropriate in response to any summons, subpoena, or otherwise in connection with any litigation or regulatory inquiry or to comply with any applicable
law, order, regulation, ruling, or disclosure requirement, including without limitation, any requirement of any regulatory body or stock exchange where the shares of such disclosing party or any
affiliate thereof are listed, as determined by the disclosing party in good faith following consultation with the other party hereto, (B) to officers, directors, employees, attorneys and advisors of
the parties or their affiliates who are subject to a duty of confidentiality to the disclosing party or such affiliate, (C) to rating agencies and (D) where the information has otherwise become
public (other than as a result of a breach of this subparagraph (b)(iii)). Notwithstanding the foregoing or any other provision in this Confirmation or any other document, GSI and Counterparty (and
each employee, representative, or other agent of GSI or Counterparty) may each disclose to any and all persons, without limitation of any kind, the U.S. tax treatment and U.S. tax structure of the
transaction and all materials of any kind (including opinions or other tax analyses) that are provided to them relating to such U.S. tax treatment and U.S. tax structure (as those terms are used in
Treasury Regulations under Sections 6011, 6111 and 6112 of the U.S. Internal Revenue Code of 1986, as amended (the "Code")), other than any information for which nondisclosure
is reasonably necessary in order to comply with applicable
securities laws.  Notwithstanding the foregoing and without prejudice to clause (iii)(A) above, Counterparty agrees (A) to arrange for CIT Group Inc. reasonably promptly to make disclosure of
the terms of this Confirmation and the Facility in a filing on Form 8-K pursuant to the reporting provisions of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
and as otherwise required under the provisions of the Exchange Act, (B) to afford GSI a reasonable opportunity to review the form of such disclosure in advance, consistent with the performance by CIT
Group Inc. of its obligations referred to in clause (A), and (C) to cooperate in good faith with any reasonable request by GSI to seek confidential treatment from the U.S. Securities and Exchange
Commission for specific provisions of this Confirmation, provided however, that GSI shall pay all reasonable fees (including reasonable legal fees) incurred in connection with such agreement
and such request; and  

(iv) as of the Facility Commencement Date and so long as either party has or may have any obligation under any Transaction, it is not
and will not be an “employee benefit plan” (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)), subject to
Title I of ERISA, a “plan” (as defined in Section 4975(e) of the Code), subject to Section 4975 of the Code or an entity whose underlying assets include the assets of any such plan by
reason of 29 CFR 2510.3-101, Section 3(42) of ERISA or otherwise.

(c) CIT Barbados shall be an express third party beneficiary of the provisions of the Facility specifying payment obligations to CIT
Barbados, provided that such payment obligations shall be subject to reduction and setoff on any date in respect of amounts due and unpaid by Counterparty hereunder.

30 

d) GSI acknowledges that (i) without prejudice to GSI’s rights in relation to any other events or
circumstances GSI no longer has the right to designate an Early Termination Date under the Master Agreement, or defer or suspend payments thereunder, to the
extent such right arose solely as a result of the Exchange/Plan Activities as defined in the Amended and Restated Confirmation as in effect on October 28, 2009 (the “October 2009
Confirmation”), because the Forbearance Conditions (as defined in the October 2009 Confirmation)  have been satisfied in relation thereto and can no longer cease to be satisfied and (ii)
the deletion from this Confirmation of the forbearances that were granted in the October 2009 Confirmation shall not create any inference that any such forbearances have been withdrawn or
otherwise become inoperative, except as a result of the fact that the circumstances giving rise to the requirement for such forbearances have ceased to exist.

15.  Agreement as to Confirmation: 

Counterparty hereby agrees (a) to check this Confirmation (Reference No SDB925241547Y) carefully and promptly upon receipt so that
errors or discrepancies can be promptly identified and rectified and (b) to confirm that the foregoing correctly sets forth the terms of the agreement between GSI and Counterparty with respect to the
Transactions to which this Confirmation relates, by manually signing this Confirmation and providing the other information requested herein and promptly returning an executed copy to Swap
Administration, Goldman Sachs International, facsimile No +1 212 428 9189). 

31 

GSI is very pleased to have executed this Transaction (Reference No. SDB925241547Y) with Counterparty. 

Very truly yours,

GOLDMAN SACHS INTERNATIONAL

By:

/S/ GOLDMAN SACHS INTERNATIONAL

Agreed To And Accepted By:

CIT FINANCIAL LTD.

By:

/S/ CIT FINANCIAL LTD.

32 

Annex A

																			
	Transaction Number

	
Reference Obligation

	
Reference Entity

	
Guarantor or credit support provider

	
Insurer, if any

	
Specified

Currency

	
Effective Date

	
Initial FX Rate

	
Transaction Termination Date

	
Initial Notional Amount

	
Credit Rating (as of  RO’s Effective Date)

	
Par Amount at Issuance

	
Offered Price (including accrued interest)

	
Initial Price

	
Reference

Obligation

Coupon

	
Floating Rate Period End Dates

	
CUSIP/

ISIN

	
Initial Haircut Percentage

	
Frequency of RO scheduled payment dates

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

33 

Exhibit 10.33

SCHEDULE

to the

ISDA MASTER AGREEMENT

dated as of

October 26, 2011

between

GOLDMAN
SACHS INTERNATIONAL,

a company organized under the law of England and Wales

(“GSI”),

and

CIT
FINANCIAL LTD.,

a corporation organized under the laws of Ontario

(“Counterparty”).

Part
1. Termination Provisions

	(a) 		“Specified Entity” means (1) in relation
to GSI and Counterparty for the purpose of Section 5(a)(vi), 5(a)(vii) and 5(b)(iv), none and (2) for the purpose of Section 5(a)(v):    

	(i) 		in relation to GSI, Goldman, Sachs & Co., Goldman
Sachs Bank USA, J. Aron & Company, Goldman Sachs Japan Co., Ltd., Goldman Sachs International Bank, Goldman Sachs (Asia) Finance,
Goldman Sachs Financial Markets, L.P., Goldman Sachs Paris Inc. et Cie, Goldman Sachs Mitsui Marine Derivative Products, L.P.,
Goldman, Sachs & Co. oHG and J. Aron & Company (Singapore) Pte.; and     

	(ii) 		in relation to Counterparty, each Affiliate of Counterparty
and each Affiliate of its Credit Support Provider.     

	(b) 		“Specified Transaction”. The term
“Specified Transaction” in Section 14 of the Agreement is amended in its entirety as follows:     

“Specified
Transaction” means, subject to the Schedule, (a) any transaction (including an agreement with respect thereto) now
existing or hereafter entered into between one party to this Agreement (or any Credit Support Provider of such party or any applicable
Specified Entity of such party) and the other party to this Agreement (or any Credit Support Provider of such other party or any
applicable Specified Entity of such other party) (i) which is a rate swap transaction, swap option, basis swap, forward rate transaction,
commodity swap, commodity option, commodity spot transaction, equity or equity index swap, equity or equity index option, bond
option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap
transaction, cross-currency rate swap transaction, currency option, weather swap, weather derivative, weather option, credit protection
transaction, credit swap, credit default swap, credit default option, total return swap, credit spread transaction, repurchase
transaction, reverse repurchase transaction, buy/sell-back transaction, securities lending

    	 

    	 

    
transaction, or forward purchase or
sale of a security, commodity or other financial instrument or interest (including any option with respect to any of these transactions)
or (ii) which is a type of transaction that is similar to any transaction referred to in clause (i) that is currently, or in the
future becomes, recurrently entered into on the financial markets (including terms and conditions incorporated by reference in
such agreement) and that is a forward, swap, future, option or other derivative on one or more rates, currencies, commodities,
equity securities or other equity instruments, debt securities or other debt instruments, or economic indices or measures of economic
risk or value, (b) any combination of these transactions and (c) any other transaction identified as a Specified Transaction in
this agreement or the relevant confirmation.”  

	(c) 		The “Cross Default” provisions of
Section 5(a)(vi) will apply to GSI and will apply to Counterparty, provided that (i) the phrase “or becoming capable at
such time of being declared” shall be deleted from clause (1) of such Section 5(a)(vi); and (ii) the following language
shall be added to the end thereof: “Notwithstanding the foregoing, a default under subsection (2) hereof shall not constitute
an Event of Default if (i) the default was caused solely by error or omission of an administrative or operational nature; (ii)
funds were available to enable the party to make the payment when due; and (iii) the payment is made within two Local Business
Days of such party’s receipt of written notice of its failure to pay.”    

“Specified
Indebtedness” will have the meaning specified in Section 14 of the Agreement.   

“Threshold
Amount” means (A) for GSI, the lower of (i) US$100,000,000 and (ii) 3% of Goldman Group’s shareholders’
equity (or, in each case, its equivalent in another currency) and (B) for Counterparty, the lower of (i) US$100,000,000 and (ii)
3% of CIT Group Inc.’s shareholders’ equity (or, in each case, its equivalent in another currency).    

	(d) 		The “Credit Event Upon Merger” provisions
of Section 5(b)(iv) will apply to GSI and will apply to Counterparty. For purposes of Section 5(b)(iv) of this Agreement, the
term, “materially weaker”, shall mean (i) with respect to GSI’s Credit Support Provider hereunder (A) the senior
unsecured and otherwise unsupported long-term obligations of the resulting, surviving or transferee entity are rated by Standard
& Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. (“S&P”) or Moody’s Investors
Service (“Moody’s”) below investment grade (investment grade being at least “BBB-” for S&P and
at least “Baa3” for Moody’s) or (B) any outstanding long-term unsecured and otherwise unsupported debt or other
obligations of the resulting, surviving or transferee entity are not rated by S&P or Moody’s; and (ii) with respect
to Counterparty’s Credit Support Providers, (x) if either of such Credit Support Providers, immediately prior to the occurrence
thereof with respect to it, was rated by S&P and/or Moody’s at least investment grade (investment grade being at least
“BBB-” for S&P and at least “Baa3” for Moody’s), S&P and/or Moody’s either (1) rates
the senior unsecured and otherwise unsupported long-term obligations of the resulting, surviving or transferee entity of such
rated Credit Support Provider of Counterparty immediately after the occurrence thereof below investment grade or (2) ceases to,
or does not, rate the resulting, surviving or transferee entity of such Credit Support Provider immediately after the occurrence
thereof (y) if either of such Credit Support Providers, immediately prior to the occurrence thereof with respect to it, was rated
by S&P and/or Moody’s below investment grade (investment grade being at least “BBB-” for S&P and at
least “Baa3” for Moody’s), S&P and/or Moody’s either (1) rates the senior unsecured and otherwise
unsupported long-term obligations of the resulting, surviving or transferee entity of such rated Credit Support Provider of Counterparty
immediately after the occurrence thereof lower than that of the senior unsecured and otherwise unsupported long-term obligations
of such Credit Support Provider immediately prior to the occurrence thereof or (2) ceases to, or does not, rate the resulting,
surviving or transferee entity of such Credit Support Provider immediately after the occurrence 

    	2

    	 

    
thereof
or (z) if neither such Credit Support Provider, immediately prior to the occurrence thereof with respect to it, was rated by S&P
and/or Moody’s, the creditworthiness of the resulting, surviving or transferee entity of such Credit Support Provider is
materially weaker than that of such Credit Support Provider immediately prior to the occurrence thereof, as determined in a commercially
reasonable manner by GSI. 

	(e) 		The “Automatic Early Termination”
provision of Section 6(a) will not apply to GSI and will not apply to Counterparty.   

	(f) 		Payments on Early Termination. For the purpose
of Section 6(e): 

	(i) 		Loss will apply. 

	(ii) 		The Second Method will apply. 

	(g) 		“Termination Currency” means United
States Dollars. 

	(h) 		The parties agree to amend the following subsections
of Section 5(a) as follows: 

	(i) 		clause (i): in the third line of this clause, delete
the word “third” and insert the word “first”; 

	(ii) 		clause (ii): (1) in the fifth line of this clause, delete
the word “thirtieth” and insert the word “fifth” and (2) at the end of this clause (immediately before
the semicolon), add the words “; provided that if (I) such failure is not remedied on or before the fifth day after notice
of such failure is given to the party, (II) such failure was not reasonably capable of being remedied on or before such fifth
day and (III) the party demonstrates to the other party’s reasonable satisfaction that it has been diligently taking and
continues to take steps to remedy such failure, then the time period to remedy such failure shall be extended to thirty days after
notice of such failure is given to the party (or such earlier date on which the party fails to satisfy clause (III))”; and    

	(iii) 		clause (v): delete clause (1) and (3) and the word “or”
immediately preceding clause (3) and insert in its place the words “and (following expiration of the relevant notice requirement,
grace period or period of three Local Business Days, as applicable) such default is not remedied on or before the second Local
Business Day following a further notice given to the party hereunder identifying such default as a Potential Event of Default
under this Agreement.”  

	(i) 		Additional Events of Default and Termination Events.
Any event that constitutes an Event of Default or Potential Event of Default (including, without limitation, any event that constitutes
a Cross Default) under the ISDA Master Agreement, dated as of October 26, 2011 (including the Schedule and Credit Support Annex
thereto and each Confirmation thereunder), each as amended or replaced from time to time, between GSI and CIT TRS Funding B.V.
(“CIT Netherlands”) (such documents, collectively, the “CIT Netherlands Master Agreement”) shall constitute
such an event under this Agreement. Any event that constitutes a Termination Event under the CIT Netherlands Master Agreement
with respect to which all Transactions under the CIT Netherlands Master Agreement are Affected Transactions shall constitute a
Termination Event under this Agreement with all Transactions as Affected Transactions. With respect to the events contemplated
in this paragraph, (x) if GSI is a Defaulting Party and/or Affected Party under the CIT Netherlands Master Agreement, GSI shall
be deemed to be a Defaulting Party and/or 

    	3

    	 

    
Affected
Party, as applicable, under this Agreement and (y) if CIT Netherlands is a Defaulting Party and/or Affected Party under the CIT
Netherlands Master Agreement, Counterparty shall be deemed to be a Defaulting Party and/or Affected Party, as applicable, under
this Agreement.   

	(j) 		Additional Termination Event will not apply (subject
to Part 1(i) above and any events specified in any Confirmation). 

	(k) 		Early Termination. Notwithstanding anything to
the contrary in Section 6(a) or Section 6(b), the parties agree that, except with respect to Transactions (if any) that are subject
to Automatic Early Termination under Section 6(a), the Non-defaulting Party or the party that is not the Affected Party (in a
case where a Termination Event under Section 5(b)(iv), or an Additional Termination Event for which there is a single Affected
Party, has occurred) is not required to terminate the Transactions on a single day, but rather may terminate the Transactions
over a commercially reasonable period of time (not to exceed ten days) (the “Early Termination Period”). The last
day of the Early Termination Period shall be the Early Termination Date for purposes of Section 6; provided, however, that interest
shall accrue on the Transactions terminated during the Early Termination Period prior to the Early Termination Date at the Non-default
Rate. 

Part
2. Tax Representations

	(a) 		Payer Tax Representations. For the purposes of
Section 3(e), GSI and Counterparty make the following representation: 

It
is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant
Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Section
2(e), 6(d)(ii), or 6(e) of this Agreement) to be made by it to the other party under this Agreement. In making this representation,
it may rely on (i) the accuracy of any representations made by the other party pursuant to Section 3(f) of this Agreement, (ii)
the satisfaction of the agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement, and the accuracy and effectiveness
of any document provided by the other party pursuant to Section 4(a)(i) or 4(a)(iii) of this Agreement, and (iii) the satisfaction
of the agreement of the other party contained in Section 4(d) of this Agreement, provided that it shall not be a breach of this
representation where reliance is placed on clause (ii) and the other party does not deliver a form or document under Section 4(a)(iii)
by reason of material prejudice to its legal or commercial position.  

	(b) 		Payee Tax Representations. For the purpose of
Section 3(f), Counterparty represents that it is fully eligible for the benefits of the “Business Profits” or “Industrial
and Commercial Profits” provision, as the case may be, the “Interest” provision or the “Other Income”
provision (if any) of the Specified Treaty with respect to any payment described in such provisions and received or to be received
by it in connection with this Agreement and no such payment is attributable to a trade or business carried on by it through a
permanent establishment in the Specified Jurisdiction; 

For
the purpose of Section 3(f), GSI represents that 

(i)
  it is a company organized under the laws of laws of England and it is a “non-U.S. branch of a foreign person”
(as that term is used in Section 1.1441-4(a)(3)(ii) of the United States Treasury Regulations) for U.S. federal income tax purposes;  

    	4

    	 

    
(ii)  
it is properly treated as a disregarded entity wholly owned for U.S. federal income tax purposes by Goldman Sachs Group Holdings
(UK), a foreign corporation for U.S. federal income tax purposes;    

(iii)  it
is fully eligible for the benefits of the “Business Profits” or “Industrial and Commercial Profits” provision,
as the case may be, the “Interest” provision or the “Other Income” provision (if any) of the Specified
Treaty with respect to any payment described in such provisions and received or to be received by it in connection with this Agreement
and no such payment is attributable to a trade or business carried on by it through a permanent establishment in the Specified
Jurisdiction (other than any permanent establishment arising solely as a result of GSI being treated as the owner of the ROs).  

For
this purpose 

“Specified
Treaty” means the Income Tax Treaty between the United Kingdom and Canada. 

“Specified
Jurisdiction” means the country in which the other party is resident or domiciled. 

Part
3. Agreement to Deliver Documents

	(a) 		For the purpose of Section 4(a)(i), Tax forms, documents,
or certificates to be delivered are: 

GSI
shall provide Counterparty with a properly completed and executed copy of Internal Revenue Service Form W-8BEN claiming the benefits
of the Income Tax Treaty between the United Kingdom and the United States on or before the first payment date under this Agreement
and prior to the expiration of any previously provided form or on learning that any previously provided form is no longer accurate.

	(b) 		For the purpose of Section 4(a)(ii), other documents
to be delivered are: 

	
Party
    required to deliver	

Form/Document/Certificate	
Date
    by which to be delivered	Covered
    by Section 3(d) Representation
	GSI,
    GSI’s Credit Support Provider, Counteparty and Counterparty’s Credit Support Providers	Evidence
    of authority of signatories	Upon
    or promptly following execution of this Agreement	Yes
	GSI
    and Counterparty	Any
    Credit Support Document specified in Part 4(f) herein	Upon
    execution of this Agreement	No
	GSI
    and Counterparty	Most
                                                                                                                                  recent
                                                                                                                                  annual
                                                                                                                                  audited
                                                                                                                                  and
                                                                                                                                  quarterly
                                                                                                                                  consolidated
                                                                                                                                  financial
                                                                                                                                  statements
                                                                                                                                  of
                                                                                                                                  (1)
                                                                                                                                  CIT
                                                                                                                                  Group
                                                                                                                                  Inc.
                                                                                                                                  and
                                                                                                                                  (2)
                                                                                                                                  GSI’s
                                                                                                                                  Credit
                                                                                                                                  Support
                                                                                                                                  Provider.

         

        Most recently available annual
        unaudited balance sheet and income statement of Counterparty.
	Promptly
    following reasonable demand by the other party	Yes

 

    	5

    	 

    

	Party
    required to deliver	Form/Document/Certificate 	Date
    by which to be delivered 	Covered
    by Section 3(d) Representation 
	GSI
    and Counterparty	An
                                                                                                                                  opinion
                                                                                                                                  of
                                                                                                                                  counsel
                                                                                                                                  of
                                                                                                                                  each
                                                                                                                                  of
                                                                                                                                  Counterparty
                                                                                                                                  and
                                                                                                                                  its
                                                                                                                                  Credit
                                                                                                                                  Support
                                                                                                                                  Providers
                                                                                                                                  confirming
                                                                                                                                  the
                                                                                                                                  enforceability
                                                                                                                                  of
                                                                                                                                  this
                                                                                                                                  Agreement,
                                                                                                                                  the
                                                                                                                                  Holdings
                                                                                                                                  Guaranty
                                                                                                                                  and
                                                                                                                                  the
                                                                                                                                  Barbados
                                                                                                                                  Guaranty.

        An opinion of counsel
        of each of Counterparty and CIT Group Inc. confirming the validity and due authorization of this Agreement and the CIT
        Guaranty.

        An opinion of counsel
        to Goldman Group confirming the due authorization and execution of the Goldman Group Guaranty.
	Upon
    execution of this Agreement (if not otherwise publicly available)	Yes
	Counterparty
    and Counterparty’s Credit Support Providers	Certified
    resolutions of its board of directors or other governing body approving (1) with respect to Counterparty’s board, this
    Agreement and each Confirmation hereunder and (2) with respect to each board of a Credit Support Provider of Counterparty,
    the relevant Credit Support Document. 	Upon
    execution of this Agreement	Yes

Part
4. Miscellaneous

	(a) 		Addresses for Notices. For the purpose of Section
12(a): 

	(i) 		Address for notices or communications to GSI: 

	Address: 		Peterborough Court

133 Fleet Street

London EC4A 2BB  

 

	 	Fixed Income / Credit Derivatives: 	 Facsimile No. 44-20-7774
    5115

  

    	6

    	 

    

	 	Equity Derivatives: 	Facsimile No. 44-20-7774 1500
	 	Foreign Exchange 	Facsimile No. 44-20-7774 1201
	 	Legal Department: 	Facsimile No. 44-20-7774 1313
	 	Telephone No. 44-20-7774-1000   	 

	(ii) 		Address for notices or communications to Counterparty: 

	 	CIT
Financial Ltd.

c/o CIT Group Inc

One CIT Drive

Livingston, NJ 07039

Attn: Treasury Services

	

	 	Treasury Services: 	Facsimile: 973 535-3761
	 	Treasurer: 	Facsimile: 973 740-5750
	 	Legal Department:  	Facsimile: 973 740-5087
	 	Telephone: 973 740-5000 	 
	  	 	 

	(b) 		Process Agent. For the purpose of Section 13(c): 

GSI
appoints as its Process Agent: Goldman, Sachs & Co., 85 Broad Street, New York, NY 10005.  

Counterparty
appoints as its Process Agent: Processing Agent: CIT Group, Inc, 11 West 42nd Street, New York, NY 10036 Attn: General
Counsel.  

	(c) 		Offices. The provisions of Section 10(a) will
apply to this Agreement. 

	(d) 		Multibranch Party. For the purpose of Section
10(c): 

GSI
is not a Multibranch Party. 

Counterparty
is not a Multibranch Party. 

	(e) 		Calculation Agent. The Calculation Agent is GSI. 

	(f) 		Credit Support Document. Any guaranty or other
form of credit support provided on behalf of any party at any time shall constitute a Credit Support Document with respect to
the obligations of such party. Details of any other Credit Support Document, each of which is incorporated by reference in, and
made part of, this Agreement and each Confirmation (unless provided otherwise in a Confirmation) as if set forth in full in this
Agreement or such Confirmation: 

	(i) 		Guaranty by The Goldman Sachs Group, Inc. (“Goldman
Group”) in favor of Counterparty as beneficiary thereof shall constitute a Credit Support Document with respect to the obligations
of GSI.  

	(ii) 		Guaranty by CIT Group Inc. in favor of GSI as beneficiary
thereof shall constitute a Credit Support Document with respect to the obligations of Counterparty (the “CIT Guaranty”).  

    	7

    	 

    
	(iii) 		Credit Support Annex hereto dated the date hereof between
GSI and Counterparty shall constitute a Credit Support Document with respect to the obligations of Counterparty and GSI.  

	(iv) 		Guaranty by CIT Financial (Barbados) Srl (“CIT
Barbados”) in favor of GSI as beneficiary thereof shall constitute a Credit Support Document with respect to the obligations
of Counterparty (the “Barbados Guaranty”).  

	(v) 		Netting Agreement dated the date hereof among, GSI,
Goldman Group, Counterparty, CIT TRS Holdings B.V. (“CIT TRS Holdings”), CIT Barbados, CIT Financial Ltd. and CIT
Group Inc. shall constitute a Credit Support Document with respect to the obligations of Counterparty and GSI.  

	(g) 		Credit Support Provider. 

Credit
Support Provider means in relation to GSI, Goldman Group. 

Credit
Support Provider means in relation to Counterparty, each of CIT Group, Inc. and CIT Barbados. 

	(h) 		Governing Law. Section 13(a) is hereby replaced
with the following: 

(a)  Governing Law. THIS AGREEMENT AND EACH TRANSACTION ENTERED INTO HEREUNDER WILL BE
GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO ITS CHOICE
OF LAW DOCTRINE).  

	(i) 		Jurisdiction. Section 13(b) is hereby amended
by: 

	(i) 		deleting in the second line of subparagraph (i) thereof
the word “non-”; and  

	(ii) 		deleting the final paragraph thereof.  

	(j) 		Netting of Payments.
Subparagraph (ii) of Section 2(c) will not apply to Transactions. Notwithstanding anything to the contrary in Section 2(c), unless
otherwise expressly agreed by the parties, the netting provided for in Section 2(c) will not apply separately to any pairings
of branches or Offices through which the parties make and receive payments or deliveries. 

	(k) 		No Agency. The provisions
of Section 3(g) will apply to this Agreement. Further, Section 2(d)(i)(4)(B) of this Agreement and the Payer Representation in
Part 2(a) of the Schedule are each amended by changing the phrase “pursuant to Section 3(f)” to read “pursuant
to Section 3(f) and/or Section 3(g)”. 

Part
5. Other Provisions

	(a) 		Accuracy of Specified Information.
Section 3(d) is hereby amended by adding in the third line thereof after the word “respect” and before the period,
the phrase “or, in the case of audited or unaudited financial statements, a fair presentation of the financial condition
of the relevant person.” 

	(b) 		Scope of Agreement. Any
transaction outstanding between the parties at the date this Agreement comes into force or entered into by the parties at or after
the date this Agreement comes into force 

    	8

    	 

    
that
is an FX Transaction or a Currency Option Transaction as defined in the 1998 FX and Currency Option Definitions (the “FX
Definitions”), as published by the International Swaps and Derivatives Association, Inc. (“ISDA”), the Emerging
Markets Traders Association, and the Foreign Exchange Committee, unless otherwise specified in the relevant confirmation, will
constitute a “Transaction” for the purposes of this Agreement and will be deemed to incorporate
the FX Definitions.  

	(c) 		Additional Representations.
The parties agree to amend Section 3 by adding new Sections 3(g), (h), and (i) as follows: 

	(g) 		Non-Reliance.  It
is acting for its own account, and it has made its own independent decisions to enter into that Transaction and as to whether
that Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed
necessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation
to enter into that Transaction; it being understood that information and explanations related to the terms and conditions of a
Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written
or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of that Transaction. 

	(h) 		Assessment and Understanding.  It
is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands
and accepts, the terms, conditions and risks of that Transaction. It is also capable of assuming, and assumes, the risks of that
Transaction. 

	(i) 		Status of Parties.  The
other party is not acting as a fiduciary for or an adviser to it in respect of that Transaction. 

	(d) 		Transfer.   

	(i) 		The following amendments are
hereby made to Section 7: 

(A) 
In the third line, insert the words “which consent will not be arbitrarily withheld or delayed,” immediately before
the word “except”; and  

(B)  in
clause (a), insert the words “or reorganization, incorporation, reincorporation, or reconstitution into or as,” immediately
before the word “another.” 

	(ii) 		Notwithstanding Section 7 of the Agreement, the rights and obligation of CIT Barbados
under this Agreement may be transferred and assigned to a “New CIT Barbados” entity as defined in the Credit Support
Document issued by CIT Barbados, provided that a transfer and assignment of the rights and obligations of CIT Barbados to New
CIT Barbados under (A) the Credit Support Document of CIT Barbados issued in relation to this Agreement, (B) the Credit Support
Document of CIT Barbados issued in relation to the CIT Netherlands Facility and (C) the Netting Agreement is simultaneously effected
in accordance therewith in accordance with the terms thereof. 

	(e) 		Consent to Recording.
Each party consents to the recording of telephone conversations between the trading, marketing and other relevant personnel of
the parties, with or without the use of a warning tone, and their Affiliates in connection with this Agreement or any potential
Transaction. 

	(f) 		Definitions. The following
amendments are hereby made to Section 14: 

    	9

    	 

    
	(i) 		The definition of “Termination
Currency Equivalent” in Section 14 is hereby amended by deleting in its entirety the text after the first three lines
thereof and replacing it with the following: 

“by
the party making the relevant determination in any commercially reasonable manner as being required to purchase such amount of
such Other Currency as at the relevant Early Termination Date, or, if the relevant amount determined in accordance with Section
6(e) is determined as of a later date, that later date, for value on the date the payment or settlement payment is due.” 

	(g) 		Confirmations.  Counterparty
shall be deemed to have agreed to the terms contained in any Confirmation (as amended and revised) sent by GSI to Counterparty
unless Counterparty objects to such terms within three (3) Business Days of receipt. 

	(h) 		Equivalency Clause.  For
purposes of disclosure pursuant to the Interest Act (Canada), the annual rate of interest which is equivalent to any rate of interest
payable under this Agreement, which is to be calculated on any basis other than a full calendar year, may be determined by multiplying
such rate of interest (expressed as a percentage) by a fraction, the numerator of which is the actual number of days in the calendar
year in which such yearly rate of interest is to be ascertained and the denominator of which is a number of days comprising such
other basis. 

	(i) 		Additional Counterparty Representations
and Warranties. Counterparty hereby represents and warrants that the entry by Counterparty and each of its Credit Support
Providers into this Agreement or any Credit Support Document to which it is party in connection herewith will not cause to occur,
and no Transaction entered into hereunder by Counterparty will result in, any breach or default in respect of any material agreement
entered into by Counterparty or any Affiliate of Counterparty (including, without limitation, any material agreement by which
CIT Group Inc. has incurred any debt). 

	(j) 		Modification to Counterparty
Representations and Warranties. The representation set forth in Section 3(a)(i) of the Master Agreement, as made by Counterparty,
shall not apply to Counterparty’s Credit Support Provider, and Counterparty shall not be deemed to make any such representation
in respect of its Credit Support Provider. 

	(k) 		GSI and Counterparty each agree
to act together in good faith to address the pending implementation of the withholding and information gathering obligations that
arise under Sections 1471-1474 of the Internal Revenue Code, including by agreeing to provide , to the extent it is legally entitled
to do so, any reasonably requested representations and documentation as may be necessary to reduce or eliminate the obligation
of a party to withholding on any payments made pursuant to a transaction under this Schedule. 

    	10

    	 

    

IN
WITNESS WHEREOF, the parties have executed this document on the respective dates specified below with effect from the date
specified on the first page of this document.

	GOLDMAN
    SACHS INTERNATIONAL	 	CIT
    FINANCIAL LTD.
	/s/ Goldman Sachs International	 	/s/ CIT Financial Ltd.
	Name:	 	Name:
	Title:	 	Title:
	Date: October 26,
    2011	 	Date: October 26,
    2011

 

    	11EXIBIT 10.1

 

FIRST AMENDMENT TO THE

AmREIT, Inc. 

1999 FLEXIBLE INCENTIVE PLAN

 

 

This FIRST AMENDMENT
(this “Amendment”), effective July 23, 2012, shall amend the 1999 Flexible Incentive Plan (the “Plan”)
that has been approved previously by the Board of Directors (the “Board”) of AmREIT, Inc., a Maryland corporation (the
“Company”), and by the Company’s stockholders. All capitalized terms used but not defined in this Amendment shall
have the meanings ascribed to such terms in the Plan.

 

WHEREAS, the Plan was adopted by the Company
on June 23, 1999;

 

WHEREAS, on July 23, 2012, the Company
amended its charter to (i) redesignate its common stock, par value $0.01 per share, as “Class A Common Stock,”
and (ii) create a new class of common stock entitled “Class B Common Stock;” and

 

WHEREAS, Section 16.1 of the Plan provides the
Board the authority to amend the Plan.

 

NOW, THEREFORE, the Plan is hereby amended as
follows:

 

1.            Section 2.8 of the Plan is hereby deleted in its
entirety and replaced with the following:

 

2.8      “Common
Stock” shall mean the Class B Common Stock, par value, $0.01 per share, of the Company.

 

2.            Section 4.1 of the Plan is hereby deleted in its
entirety and replaced with the following:

 

4.1      Limitations. The
maximum number of Shares that may be issued after August 1, 2012 with respect to Awards granted pursuant to this Plan shall be
937,444 Shares, which shall be authorized but unissued Shares of the Company.

 

All other terms and conditions of the Plan shall be
unchanged and remain in full force and effect, except to the extent modified by the foregoing.

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