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FIRST SUPPLEMENTAL INDENTURE

          First Supplemental Indenture (this “Supplemental Indenture”), dated as of October 1,
2009, among CIT Group Funding Company of Delaware LLC, a Delaware limited liability company (the
“Issuer”), CIT Group Inc. as guarantor, the entities listed on Schedule A hereto (collectively, the
“Subsidiary Guarantors”), and The Bank of New York Mellon (successor in interest to Bank One Trust
Company, N.A.), as trustee under the Indenture referred to below (the “Trustee”).

W I T N E S S E T H

          WHEREAS, the Issuer has heretofore executed and delivered to the Trustee an indenture, dated
as of May 31, 2005 (the “Indenture”), providing for the issuance of 4.65% Senior Notes due July 1,
2010 and 5.20% Senior Notes due June 1, 2015 (collectively, the “Notes”);

          WHEREAS, the Indenture provides that under certain circumstances the Issuer may execute and
deliver to the Trustee a supplemental indenture;

          WHEREAS, pursuant to Section 12.1 of the Indenture, which does not require the consent of the
Holders, the Subsidiary Guarantors desire to enter into this Supplemental Indenture pursuant to
which the Subsidiary Guarantors shall fully and unconditionally guarantee all of the Issuer’s
obligations under the Indenture and the Notes (the “Guaranteed Notes”) on the terms and conditions
set forth herein;

          WHEREAS, the Subsidiary Guarantors’ obligations under the guarantees of the Guaranteed Notes
will be subordinated to their respective senior indebtedness; and

          WHEREAS, pursuant to Section 12.3 of the Indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture.

          NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Issuer, the
Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit
of the Holders of the Guaranteed Notes as follows:

          1. Capitalized Terms. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture, except as set forth below:

          (a) “Subsidiaries Guarantee” means a guarantee other than by endorsement of negotiable
instruments for collection in the ordinary course of business, direct or indirect, in any manner
including, without limitation, by way of a pledge of assets or through letters of credit or
reimbursement agreements in respect thereof, of all or any part of any indebtedness (whether
arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets,
goods, securities or services, to take or pay or to maintain financial statement conditions or
otherwise).

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          (b) “Note Guarantee” means the Subsidiaries Guarantee by each Subsidiary Guarantor of the
Issuer’s obligations under this Supplemental Indenture and the Guaranteed Notes, executed pursuant
to the provisions of this Supplemental Indenture.

          (c) “Senior Indebtedness” means, with respect to the Guaranteed Notes or any Note Guarantee,
all Subsidiary Indebtedness of the Subsidiary Guarantor outstanding at any time, except (a) the
Guaranteed Notes, (b) Subsidiary Indebtedness as to which, by the terms of the instrument creating
or evidencing the same, it is provided that such Subsidiary Indebtedness is subordinated to the
Guaranteed Notes, or ranks pari passu with the Guaranteed Notes that are subordinated to the
Guaranteed Notes, (c) Subsidiary Indebtedness of the Subsidiary Guarantor to an Affiliate of the
Subsidiary Guarantor, (d) interest accruing after the filing of a petition initiating any
proceeding relating to the Subsidiary Guarantor referred to in Sections 5.1(6) and 5.1(7) unless
such interest is an allowed claim enforceable against the Subsidiary Guarantor in a proceeding
under federal or state bankruptcy laws, (e) trade accounts payable, (f) any Subsidiary Indebtedness
issued in violation of the instrument creating the same and (g) any guarantee of any Subsidiary
Indebtedness. The term “Subsidiary Indebtedness,” when used in the definition of the term “Senior
Indebtedness,” means all obligations which, in accordance with generally accepted accounting
principles, should be classified as liabilities on a balance sheet.

          2. Guarantee. The Indenture as it relates to the Guaranteed Notes only is hereby amended to
add Article 15 as follows:

ARTICLE 15

SUBSIDIARY NOTE GUARANTEES

          Section 15.1. Subsidiary Guarantee

          (a) Subject to this Article 15, each of the Subsidiary Guarantors hereby, as primary obligor
and not merely as surety, jointly and severally, fully and unconditionally guarantees to each
Holder of the Guaranteed Notes authenticated and delivered by the Trustee and to the
Trustee and its successors and assigns, irrespective of the validity and enforceability of this
Indenture, the Guaranteed Notes or the obligations of the Issuer hereunder or thereunder,
that:

	 	(1)	 	the principal of, premium, if any, and interest on, the
Guaranteed Notes will be promptly paid in full when due, whether at
Maturity, by acceleration, redemption or otherwise, and interest on the overdue
principal of, premium, if any, and interest on the Guaranteed Notes,
if any, if lawful, and all other monetary obligations of the Issuer to the
Holders or the Trustee hereunder whether for payment of principal of or
interest on the Guaranteed Notes, expenses, indemnification or
otherwise, or thereunder will be punctually paid in full, all in accordance
with the terms hereof and thereof; and
	 
	 	(2)	 	in case of any extension of time of payment or renewal of any
Guaranteed Notes or any of such other obligations, that same will be
punctually paid

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	 	 	 	in full when due in accordance with the terms of the extension or renewal,
whether at stated maturity, by acceleration or otherwise.

          Notwithstanding any other provision of this Indenture, the maximum aggregate liability of each
Subsidiary Guarantor under this Note Guarantee shall not exceed fifty thousand United States
dollars (U.S. $50,000) (the “Guaranteed Amount”).

          Failing payment when due of any amount so guaranteed for whatever reason, the Subsidiary
Guarantors will be jointly and severally obligated to pay the same immediately. Each Subsidiary
Guarantor agrees that this is a guarantee of payment and not a guarantee of collection.

          Each Subsidiary Guarantor, pursuant to its Note Guarantee, also hereby agrees to pay any and
all reasonable out-of-pocket expenses (including reasonable counsel fees and expenses) incurred by
the Trustee or the Holders in enforcing any rights under its Note Guarantee.

          (b) The Subsidiary Guarantors hereby agree that (to the fullest extent permitted by law)
their obligations hereunder are unconditional, irrespective of the validity, regularity or
enforceability of the Guaranteed Notes or this Indenture, the absence of any action to
enforce the same, any waiver or consent by any Holder of the Guaranteed Notes with respect to any
provisions hereof or thereof, the recovery of any judgment against the Issuer, any action to
enforce the same or any other circumstance which might otherwise constitute a legal or equitable
discharge or defense of a Subsidiary Guarantor. Each Subsidiary Guarantor hereby waives (to the
fullest extent permitted by law) diligence, presentment, demand of payment, filing of claims with
a court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding
first against the Issuer, protest, notice and all demands whatsoever and covenants (except as
otherwise provided in Section 15.4 hereof) that the Note Guarantee will not be discharged except
by complete performance of the monetary obligations contained in the Guaranteed Notes and
this Indenture.

          (c) If any Holder or the Trustee is required by any court or otherwise to return to the
Issuer, the Subsidiary Guarantors or any custodian, trustee, liquidator or other similar official
acting in relation to either the Issuer or the Subsidiary Guarantors, any amount paid by either to
the Trustee or such Holder, this Note Guarantee, to the extent theretofore discharged, will be
reinstated in full force and effect.

          (d) Each Subsidiary Guarantor agrees that it will not be entitled to any right of subrogation
in relation to the Holders in respect of any obligations guaranteed hereby until payment in full
of all obligations guaranteed hereby. Each Subsidiary Guarantor further agrees (to the fullest
extent permitted by law) that, as between the Subsidiary Guarantors, on the one hand, and the
Holders and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby
may be accelerated as provided in Article 5 of this Indenture for the purposes of the Note
Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration
in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of
acceleration of such obligations as provided in Article 5 of this Indenture, such obligations
(whether or not due and payable) will forthwith become due and payable by the Subsidiary
Guarantors for the purpose of this Note Guarantee. The Subsidiary Guarantors will have the right
to seek contribution from the Issuer or any non-paying

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Subsidiary Guarantor so long as the exercise of such right does not impair the rights of the
Holders under the Note Guarantee.

          Section 15.2. Limitation on Subsidiary Guarantor Liability

          Each Subsidiary Guarantor, and by its acceptance of Guaranteed Notes, each Holder, hereby
confirms that it is the intention of all such parties that the Note Guarantee of such Subsidiary
Guarantor not constitute a fraudulent transfer or fraudulent conveyance for purposes of United
States Bankruptcy Code as then in effect, the Uniform Fraudulent Conveyance Act, the Uniform
Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Note
Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Subsidiary
Guarantors hereby irrevocably agree that the obligations of such Subsidiary Guarantor will be
limited to the maximum amount that will, after giving effect to such maximum amount and all other
contingent and fixed liabilities of such Subsidiary Guarantor that are relevant under such laws,
and after giving effect to any collections from, rights to receive contribution from or payments
made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other
Subsidiary Guarantor under this Article 15, result in the obligations of such Subsidiary Guarantor
under its Note Guarantee not constituting a fraudulent transfer or fraudulent conveyance under
applicable law. Each Subsidiary Guarantor acknowledges that it will receive direct and indirect
benefits from the arrangements contemplated by the Supplemental Indenture and that its Note
Guarantee, and the waiver set forth in Section 15.2(b), are knowingly made in contemplation of such
benefits.

          Section 15.3. Delivery of Note Guarantee

          Neither the Issuer nor any Subsidiary Guarantor shall be required to make a notation on the
Guaranteed Notes to reflect any Note Guarantee or any such release, termination or discharge
thereof.

          Section 15.4. Releases

          The Note Guarantee of a Subsidiary Guarantor will be released:

	 	(1)	 	in connection with any sale or other disposition of all or
substantially all of the assets of that Subsidiary Guarantor (including by way
of merger or consolidation) to a Person that is not (either before or after
giving effect to such transaction) the Issuer or any of its Subsidiaries;
	 
	 	(2)	 	in connection with any sale or other disposition of all of the
capital stock of that Subsidiary Guarantor to a Person that is not (either
before or after giving effect to such transaction) the Issuer or any of its
Subsidiaries; and
	 
	 	(3)	 	upon defeasance of the Guaranteed Notes in accordance with
Article 8 of this Indenture or satisfaction and discharge of this Indenture in
accordance

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	 	 	 	with its terms, each Subsidiary Guarantor will be released and relieved of
any obligations under its Note Guarantee.

          Upon any such occurrence specified in this Section 15.4, the Trustee will execute any
documents reasonably required in order to evidence the release of any Subsidiary Guarantor from its
obligations under its Note Guarantee.

          Any Subsidiary Guarantor not released from its obligations under its Note Guarantee as
provided in this Section 15.4 will remain liable for the principal, if any, of and interest and
premium on the Guaranteed Notes and for the other obligations of any Subsidiary Guarantor up to the
Guaranteed Amount under this Indenture as provided in this Article 15.

          3. Subordination. The Indenture as it relates to the Guaranteed Notes only is hereby amended
to add Article 16 as follows:

ARTICLE 16

SUBORDINATION OF SECURITIES

          Section 16.1 Agreement to Subordinate.

          Each Subsidiary Guarantor, for itself, its successors and assigns, covenants and agrees, and
each Holder of Guaranteed Notes issued under this Indenture and any indenture supplemental
thereto by such Holder’s acceptance thereof likewise covenants and agrees, that all Guaranteed
Notes issued pursuant to this Indenture shall be subject to the provisions of this Article 16; and
each Holder of a Guaranteed Note, whether upon original issue or upon transfer or
assignment thereof, accepts and agrees to be bound by such provisions.

          The payment by each Subsidiary Guarantor of the Note Guarantees on all Guaranteed
Notes issued under this Indenture shall, to the extent and in the manner hereinafter set
forth, be subordinate in right of payment to the prior payment in full of all such Subsidiary
Guarantor’s obligations with respect to the Senior Indebtedness with respect to such series,
whether outstanding at the date of this Indenture or thereafter incurred.

          Section 16.2 Default on Senior Indebtedness.

          In the event and during the continuation of any default by the Subsidiary Guarantor in the
payment of principal, premium, interest or any other amount due on any Senior Indebtedness, or in
the event that the maturity of any Senior Indebtedness has been accelerated because of a default,
then, in either case, no payment shall be made by any Subsidiary Guarantor with respect to the Note
Guarantee on the Guaranteed Notes until such Subsidiary Guarantor’s obligations with
respect to the Senior Indebtedness are paid in full.

          In the event that, notwithstanding the foregoing, any payment shall be received by the Trustee
when such payment is prohibited by the preceding paragraph of this Section 16.2, such payment shall
be held in trust for the benefit of, and shall be paid over or delivered to, the

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Holders of such Senior Indebtedness or their respective representatives, or to the trustee or
trustees under any indenture or agreement pursuant to which any of such Senior Indebtedness may
have been issued, as their respective interests may appear, but only to the extent that the Holders
of such Senior Indebtedness (or their representative or representatives or a trustee) notify the
Trustee in writing within 120 days of such payment of the amounts then due and owing on such Senior
Indebtedness and only the amounts specified in such notice to the Trustee shall be paid to the
Holders of such Senior Indebtedness.

          Section 16.3 Liquidation; Dissolution; Bankruptcy.

          Upon any payment by any Subsidiary Guarantor or distribution of assets of any Subsidiary
Guarantor of any kind or character, whether in cash, property or securities, to creditors upon any
dissolution, winding-up, liquidation or reorganization of any Subsidiary Guarantor, whether
voluntary or involuntary, or in bankruptcy, insolvency, receivership or other proceedings, all
amounts due upon all Senior Indebtedness shall first be paid in full, payment thereof shall have
been provided for in money in accordance with its terms or the Guaranteed Amount shall have been
delivered to the Trustee pursuant to the following paragraph, before any payment is made by such
Subsidiary Guarantor on account of any Note Guarantee on the Guaranteed Notes; and upon
any such dissolution, winding-up, liquidation or reorganization, or in any such bankruptcy,
insolvency, receivership or other proceeding, any payment by any Subsidiary Guarantor, or
distribution of assets of any Subsidiary Guarantor of any kind or character, whether in cash,
property or securities, which the Holders of the Guaranteed Notes or the Trustee would be
entitled to receive from such Subsidiary Guarantor, except for the provisions of this Article 16,
shall be paid by such Subsidiary Guarantor or by any receiver, trustee in bankruptcy, liquidating
trustee, agent or other Person making such payment or distribution to the extent not already paid
(including to the Trustee pursuant to the following paragraph), or by the Holders of the
Guaranteed Notes or by the Trustee under this Indenture if received by them or it,
directly to the Holders of such Senior Indebtedness (pro rata to such Holders on the basis of the
respective amounts of such Senior Indebtedness held by such Holders, as calculated by the
Subsidiary Guarantor) or their representative or representatives, or to the trustee or trustees
under any indenture or agreement pursuant to which any instruments evidencing such Senior
Indebtedness may have been issued, as their respective interests may appear, to the extent
necessary to pay such Senior Indebtedness in full, in money or money’s worth, after giving effect
to any concurrent payment or distribution to or for the Holders of such Senior Indebtedness, before
any payment or distribution is made to the Holders of the Guaranteed Notes or to the
Trustee.

          In the event that, notwithstanding the foregoing, any payment or distribution of assets of any
Subsidiary Guarantor of any kind or character, whether in cash, property or securities, prohibited
by the foregoing is made and, concurrently therewith, the Trustee shall have received an amount in
cash from the Subsidiary Guarantors equal to the Guaranteed Amount before all such Senior
Indebtedness is paid in full, or provision is made for such payment in money in accordance with its
terms, such payment or distribution shall be held in trust for the benefit of and shall be paid
over or delivered to the Holders of such Senior Indebtedness or their representative or
representatives, or to the trustee or trustees under any indenture pursuant to which any
instruments evidencing such Senior Indebtedness may have been issued, as their respective interests
may appear, as calculated by the Subsidiary Guarantor, for application to the

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payment of all such Senior Indebtedness remaining unpaid to the extent necessary to pay such
Senior Indebtedness in full in money in accordance with its terms, after giving effect to any
concurrent payment or distribution to or for the benefit of the Holders of such Senior
Indebtedness.

          For purposes of this Article 16, the words “cash, property or securities” shall not be deemed
to include shares of stock of any Subsidiary Guarantor as reorganized or readjusted, or securities
of any Subsidiary Guarantor or any other corporation provided for by a plan of reorganization or
readjustment, the payment of which is subordinated at least to the extent provided in this Article
16 with respect to the Guaranteed Notes to the payment of all Senior Indebtedness with
respect to the Guaranteed Notes.

          Section 16.4 Subrogation.

          Subject to the satisfaction in full of all obligations under the Note Guarantee pursuant to
the terms of this Indenture, the rights of the Holders of such Guaranteed Notes with respect to the
Note Guarantee shall be subrogated to the rights of the Holders of such Senior Indebtedness to
receive payments or distributions of cash, property or securities of the Subsidiary Guarantors
applicable to such Senior Indebtedness; and, for the purposes of such subrogation, no payments or
distributions to the Holders of such Senior Indebtedness of any cash, property or securities to
which the Holders of such Senior Indebtedness or the Trustee would be entitled except for the
provisions of this Article 16, and no payment over pursuant to the provisions of this Article 16 to
or for the benefit of the Holders of such Senior Indebtedness by Holders of the Guaranteed
Notes or the Trustee, shall, as between such Subsidiary Guarantor, its creditors other than
Holders of such Senior Indebtedness, and the Holders of the Guaranteed Notes, be deemed to
be a payment by such Subsidiary Guarantor to or on account of such Senior Indebtedness. It is
understood that the provisions of this Article 16 are and are intended solely for the purposes of
defining the relative rights of the Holders of the Note Guarantees of the Guaranteed
Notes, on the one hand, and the Holders of the Senior Indebtedness with respect to the Note
Guarantees of the Guaranteed Notes on the other hand.

          Nothing contained in this Article 16 or elsewhere in this Indenture or in the Guaranteed
Notes is intended to or shall impair, as between each Subsidiary Guarantor, its creditors
other than the Holders of Senior Indebtedness with respect to the Guaranteed Notes, and
the Holders of the Guaranteed Notes, the obligation of such Subsidiary Guarantor, which is
absolute and unconditional, to pay to the Holders of the Guaranteed Notes pursuant to the
Note Guarantee as and when the same shall become due and payable in accordance with its terms, or
is intended to or shall affect the relative rights of the Holders of the Guaranteed Notes
and creditors of such Subsidiary Guarantor, other than the Holders of such Senior Indebtedness, nor
shall anything herein or therein prevent the Trustee or the Holder of any Guaranteed Note
from exercising all remedies otherwise permitted by applicable law upon default under this
Indenture, subject to the rights, if any, under this Article 16 of the Holders of such Senior
Indebtedness in respect of cash, property or securities of such Subsidiary Guarantor, as the case
may be, received upon the exercise of any such remedy.

          Upon any payment or distribution of assets of any Subsidiary Guarantor referred to in this
Article 16, the Trustee, subject to the provisions of Article 6 of this Indenture, and the Holders
of

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the Guaranteed Notes shall be entitled to conclusively rely upon any order or decree
made by any court of competent jurisdiction in which such dissolution, winding-up, liquidation or
reorganization proceedings are pending, or a certificate of the receiver, trustee in bankruptcy,
liquidation trustee, agent or other Person making such payment or distribution, delivered to the
Trustee or to the Holders of the Guaranteed Notes, for the purposes of ascertaining the
Persons entitled to participate in such distribution, the Holders of Senior Indebtedness with
respect to the Guaranteed Notes and other indebtedness of such Subsidiary Guarantor, as
the case may be, the amount thereof or payable thereon, the amount or amounts paid or distributed
thereon and all other facts pertinent thereto or to this Article 16.

          Section 16.5 Trustee to Effectuate Subordination.

          Each Holder of Note Guarantees by such Holder’s acceptance thereof authorizes and directs the
Trustee on such Holder’s behalf to execute such document and to take such action as may be
necessary or appropriate to effectuate the subordination provided in this Article 16 and appoints
the Trustee such Holder’s attorney-in-fact for any and all such purposes.

          Section 16.6 Notice by the Subsidiary Guarantors.

          Each Subsidiary Guarantor shall give prompt written notice to a Responsible Officer of the
Trustee of any fact known to such Subsidiary Guarantor that would prohibit the making of any
payment of monies to or by the Trustee in respect of the Note Guarantees of Guaranteed
Notes pursuant to the provisions of this Article 16. Notwithstanding the provisions of this
Article 16 or any other provision of this Indenture, the Trustee shall not be charged with
knowledge of the existence of any facts that would prohibit the making of any payment of monies to
or by the Trustee in respect of the Note Guarantees of Guaranteed Notes pursuant to the
provisions of this Article 16, unless and until a Responsible Officer of the Trustee shall have
received written notice thereof from the Subsidiary Guarantor or a Holder or Holders of Senior
Indebtedness with respect to the Guaranteed Notes or from any trustee therefor; and before
the receipt of any such written notice, the Trustee, subject to the provisions of Article 6 of this
Indenture, shall be entitled in all respects to assume that no such facts exist; provided,
however, that if the Trustee shall not have received the notice provided for in this
Section 16.6 at least two Business Days prior to the date upon which by the terms hereof any money
may become payable for any purpose (including, without limitation, the Note Guarantee on, any
Guaranteed Note), then, anything herein contained to the contrary notwithstanding, the
Trustee shall have full power and authority to receive such money and to apply the same to the
purposes for which they were received, and shall not be affected by any notice to the contrary that
may be received by it within two Business Days prior to such date.

          The Trustee, subject to the provisions of Article 6 of this Indenture, shall be entitled to
conclusively rely on the delivery to it of a written notice by a Person representing himself to be
a Holder of Senior Indebtedness with respect to the Guaranteed Notes (or a trustee on
behalf of such Holder), to establish that such notice has been given by a Holder of such Senior
Indebtedness or a trustee on behalf of any such Holder or Holders. In the event that the Trustee
determines in good faith that further evidence is required with respect to the right of any Person
as a Holder of such Senior Indebtedness to participate in any payment or distribution pursuant to
this Article 16, the Trustee may request such Person to furnish evidence to the reasonable

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satisfaction of the Trustee as to the amount of such Senior Indebtedness held by such Person,
the extent to which such Person is entitled to participate in such payment or distribution and any
other facts pertinent to the rights of such Person under this Article 16, and, if such evidence is
not furnished, the Trustee may defer any payment to such Person pending judicial determination as
to the right of such Person to receive such payment.

          Upon any payment or distribution of assets of any Subsidiary Guarantor referred to in this
Article 16, the Trustee and the Holders of the Guaranteed Notes shall be entitled to rely upon any
order or decree entered by any court of competent jurisdiction in which such insolvency,
bankruptcy, receivership, liquidation, reorganization, dissolution, winding-up or similar case or
proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee,
custodian, receiver, assignee for the benefit of creditors, agent or other Person making such
payment or distribution, delivered to the Trustee or to the Holders of the Guaranteed
Notes, for the purpose of ascertaining the Persons entitled to participate in such payment or
distribution, the Holders of Senior Indebtedness with respect to the Guaranteed Notes and other
indebtedness of the Subsidiary Guarantors, the amount thereof or payable thereon, the amount or
amounts paid or distributed thereon and all other facts pertinent thereto or to this Article 16.

          Section 16.7 Rights of the Trustee; Holders of Senior Indebtedness.

          The Trustee in its individual capacity shall be entitled to all the rights set forth in this
Article 16 in respect of any Senior Indebtedness with respect to the Guaranteed Notes at
any time held by it, to the same extent as any other Holder of such Senior Indebtedness, and
nothing in this Indenture shall deprive the Trustee of any of its rights as such Holder.

          With respect to the Holders of Senior Indebtedness with respect to the Guaranteed
Notes, the Trustee undertakes to perform or to observe only such of its covenants and
obligations as are specifically set forth in this Article 16, and no implied covenants or
obligations with respect to the Holders of such Senior Indebtedness shall be read into this
Indenture against the Trustee. By virtue of this Article 16, the Trustee shall not be deemed to owe
any fiduciary duty to the Holders of such Senior Indebtedness and, subject to the provisions of
Article 6 of this Indenture, the Trustee shall not be liable to any Holder of such Senior
Indebtedness if it shall mistakenly or otherwise pay over or deliver to Holders of the
Guaranteed Notes, any Subsidiary Guarantor or any other Person money or assets to which
any Holder of such Senior Indebtedness shall be entitled.

          Nothing in this Article 16 shall apply to claims of, or payments to, the Trustee under or
pursuant to Section 6.7.

          Section 16.8 Subordination May Not Be Impaired.

          No right of any present or future Holder of any Senior Indebtedness to enforce subordination
as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to
act on the part of any Subsidiary Guarantor, or by any act or failure to act, in good faith, by any
such Holder, or by any noncompliance by any Subsidiary Guarantor with the terms, provisions and
covenants of this Indenture, regardless of any knowledge thereof that any such Holder may have or
otherwise be charged with.

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          Without in any way limiting the generality of the foregoing paragraph, the Holders of Senior
Indebtedness with respect to the Guaranteed Notes may, at any time and from time to time,
without the consent of or notice to the Trustee or the Holders of Guaranteed Notes,
without incurring responsibility to such Holders and without impairing or releasing the
subordination provided in this Article 16 or the obligations hereunder of the Holders of the
Guaranteed Notes to the Holders of such Senior Indebtedness, do any one or more of the
following: (i) change the manner, place or terms of payment or extend the time of payment of, or
renew or alter, such Senior Indebtedness, or otherwise amend or supplement in any manner such
Senior Indebtedness or any instrument evidencing the same or any agreement under which such Senior
Indebtedness is outstanding; (ii) sell, exchange, release or otherwise deal with any property
pledged, mortgaged or otherwise securing such Senior Indebtedness; (iii) release any Person liable
in any manner for the collection of such Senior Indebtedness; and (iv) exercise or refrain from
exercising any rights against the Subsidiary Guarantors and any other Person.

          4. No Recourse against Others. No past, present or future director, officer, employee,
incorporator, stockholder or agent of the Subsidiary Guarantors, as such, shall have any liability
for any obligations of the Issuer or any of the Subsidiary Guarantors under the Guaranteed Notes,
any Note Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in
respect of, or by reason of, such obligations or their creation. Each Holder of the Guaranteed
Notes by accepting a Guaranteed Note waives and releases all such liability. The waiver and
release are part of the consideration for issuance of the Notes.

          5. GOVERNING LAW. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

          6. Counterparts. The parties may sign any number of copies of this Supplemental Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement.

          7. Effect of Headings. The Section headings herein are for convenience only and shall not
affect the construction hereof.

          8. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in
respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the
recitals contained herein, all of which recitals are made solely by the Subsidiary Guarantors and
the Issuer.

          9. Waiver of Jury Trial. EACH OF THE COMPANY, THE GUARANTORS AND THE TRUSTEE HEREBY
IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY
JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE DEBT
SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY.

          10. Force Majeure. In no event shall the Trustee be responsible or liable for any failure or
delay in the performance of its obligations hereunder arising out of or caused by,

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directly or indirectly, forces beyond its control, including, without limitation, strikes,
work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or
natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities,
communications or computer (software and hardware) services; it being understood that the Trustee
shall use reasonable efforts which are consistent with accepted practices in the banking industry
to resume performance as soon as practicable under the circumstances.

          11. Consequential Damages. In no event shall the Trustee be responsible or liable for
special, indirect, or consequential loss or damage of any kind whatsoever (including, but not
limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood
of such loss or damage and regardless of the form of action.

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          IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written.

	 	 	 	 	 
	 	CIT Group Funding Company of Delaware LLC

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Group Inc.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	The Bank of New York Mellon,

 as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Baffin Shipping Co, Inc.,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	C.I.T. Leasing Corporation,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

12

 

	 	 	 	 	 

	 	 	 	 	 
	 	Capita Colombia Holdings Corp.,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Capita Corporation,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Capita International L.L.C.,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Capita Premium Corporation,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Capital USA Inc.,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT China 12, Inc.,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

13

 

	 	 	 	 	 

	 	 	 	 	 
	 	CIT China 13, Inc.,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT China 2, Inc.,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT China 3, Inc.,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Communications Finance Corporation,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Credit Finance Corp.,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

14

 

	 	 	 	 	 

	 	 	 	 	 
	 	CIT Credit Group USA Inc.,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Financial Ltd. of Puerto Rico,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Financial USA, Inc.,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Group (NJ) LLC,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Group SF Holding Co., Inc.,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Healthcare LLC,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

15

 

	 	 	 	 	 

	 	 	 	 	 
	 	CIT Holdings, LLC,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Lending Services Corporation,

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Lending Services Corporation (Illinois),

 as Subsidiary Guarantor

 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Loan Corporation (f/k/a The CIT

Group/Consumer Finance, Inc.),

 as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Real Estate Holding Corporation,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

16

 

	 	 	 	 	 

	 	 	 	 	 
	 	CIT Realty LLC,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Technologies Corporation,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Technology Financing Services, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Education Loan Servicing Corporation,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Equipment Acceptance Corporation,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Franchise Portfolio 1, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

17

 

	 	 	 	 	 

	 	 	 	 	 
	 	Franchise Portfolio 2, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	GFSC Aircraft Acquisition Financing

Corporation,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Hudson Shipping Co., Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Namekeepers LLC,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Owner-Operator Finance Company,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

18

 

	 	 	 	 	 

	 	 	 	 	 
	 	Student Loan Xpress, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/BC Securities Investment, Inc.,

   as Subsidiary Guarantor

 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Business Credit, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Capital Finance, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Capital Transportation, Inc.,

   as Subsidiary Guarantor

 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

19

 

	 	 	 	 	 
	 	The CIT Group/CmS Securities Investment, Inc.,

   as Subsidiary Guarantor

 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Commercial Services, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Commercial Services, Inc.
(Va.),

   as Subsidiary Guarantor

 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Consumer Finance, Inc. (NY),

   as Subsidiary Guarantor

 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Consumer Finance, Inc. (TN),

   as Subsidiary Guarantor

 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

20

 

	 	 	 	 	 

	 	 	 	 	 
	 	The CIT Group/Corporate Aviation, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Equipment Financing, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Equity Investments, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Factoring One, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/FM Securities Investment,
Inc.,

   as Subsidiary Guarantor

 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

21

 

	 	 	 	 	 

	 	 	 	 	 
	 	The CIT Group/LsC Securities Investment,
Inc.,

   as Subsidiary Guarantor

 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Securities Investment, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Venture Capital, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Western Star Finance, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

22

 

	 	 	 	 	 

Schedule A

Subsidiary Guarantors

	 	 	 	 	 
	NAME OF	 	 	 	ENTITY
	GUARANTOR	 	JURISD.	 	TYPE
	Baffin Shipping Co., Inc.

	 	Delaware
	 	CORP
	C.I.T. Leasing Corporation

	 	Delaware
	 	CORP
	Capita Colombia Holdings Corp.

	 	Delaware
	 	CORP
	Capita Corporation

	 	Delaware
	 	CORP
	Capita International L.L.C.

	 	Delaware
	 	LLC
	Capita Premium Corporation

	 	Delaware
	 	CORP
	CIT Capital USA Inc.

	 	Delaware
	 	CORP
	CIT China 12, Inc.

	 	Delaware
	 	CORP
	CIT China 13, Inc.

	 	Delaware
	 	CORP
	CIT China 2, Inc.

	 	Delaware
	 	CORP
	CIT China 3, Inc.

	 	Delaware
	 	CORP
	CIT Communications Finance Corporation

	 	Delaware
	 	CORP
	CIT Credit Finance Corp.

	 	Delaware
	 	CORP
	CIT Credit Group USA Inc.

	 	Delaware
	 	CORP
	CIT Financial Ltd. of Puerto Rico

	 	Delaware
	 	CORP
	CIT Financial USA, Inc.

	 	Delaware
	 	CORP
	CIT Group (NJ) LLC

	 	Delaware
	 	LLC
	CIT Group SF Holding Co., Inc.

	 	Delaware
	 	CORP
	CIT Healthcare LLC

	 	Delaware
	 	LLC
	CIT Holdings, LLC

	 	Delaware
	 	LLC
	CIT Lending Services Corporation

	 	Delaware
	 	CORP
	CIT Lending Services Corporation (Illinois)

	 	Delaware
	 	CORP
	CIT Loan Corporation (f/k/a The CIT
Group/Consumer Finance, Inc.)

	 	Delaware
	 	CORP
	CIT Real Estate Holding Corporation

	 	Delaware
	 	CORP
	CIT Realty LLC

	 	Delaware
	 	LLC
	CIT Technologies Corporation

	 	Michigan
	 	CORP
	CIT Technology Financing Services, Inc.

	 	Massachusetts
	 	CORP
	Education Loan Servicing Corporation

	 	Delaware
	 	CORP
	Equipment Acceptance Corporation

	 	New York
	 	CORP
	Franchise Portfolio 1, Inc.

	 	Delaware
	 	CORP
	Franchise Portfolio 2, Inc.

	 	Delaware
	 	CORP
	GFSC Aircraft Acquisition Financing Corporation

	 	Delaware
	 	CORP
	Hudson Shipping Co., Inc.

	 	Delaware
	 	CORP
	Namekeepers LLC

	 	Delaware
	 	LLC
	Owner-Operator Finance Company

	 	Delaware
	 	CORP
	Student Loan Xpress, Inc.

	 	Delaware
	 	CORP
	The CIT Group/BC Securities Investment, Inc.

	 	New Jersey
	 	CORP
	The CIT Group/Business Credit, Inc.

	 	New York
	 	CORP

23

 

	 	 	 	 	 
	NAME OF	 	 	 	ENTITY
	GUARANTOR	 	JURISD.	 	TYPE
	The CIT Group/Capital Finance, Inc.

	 	Delaware
	 	CORP
	The CIT Group/Capital Transportation, Inc.

	 	Delaware
	 	CORP
	The CIT Group/CmS Securities Investment, Inc.

	 	New Jersey
	 	CORP
	The CIT Group/Commercial Services, Inc.

	 	New York
	 	CORP
	The CIT Group/Commercial Services, Inc. (Va.)

	 	Delaware
	 	CORP
	The CIT Group/Consumer Finance, Inc. (NY)

	 	New York
	 	CORP
	The CIT Group/Consumer Finance, Inc. (TN)

	 	Delaware
	 	CORP
	The CIT Group/Corporate Aviation, Inc.

	 	Delaware
	 	CORP
	The CIT Group/Equipment Financing, Inc.

	 	Delaware
	 	CORP
	The CIT Group/Equity Investments, Inc.

	 	New Jersey
	 	CORP
	The CIT Group/Factoring One, Inc.

	 	New York
	 	CORP
	The CIT Group/FM Securities Investment, Inc.

	 	New Jersey
	 	CORP
	The CIT Group/LsC Securities Investment, Inc.

	 	New Jersey
	 	CORP
	The CIT Group/Securities Investment, Inc.

	 	Delaware
	 	CORP
	The CIT Group/Venture Capital, Inc.

	 	New Jersey
	 	CORP
	Western Star Finance, Inc.

	 	Delaware
	 	CORP

24exv4w8

FIRST SUPPLEMENTAL INDENTURE

          First Supplemental Indenture (this “Supplemental Indenture”), dated as of October 1,
2009, among CIT Group Funding Company of Delaware LLC, a Delaware limited liability company (the
“Issuer”), CIT Group Inc. as guarantor, the entities listed on Schedule A hereto (collectively, the
“Subsidiary Guarantors”), and The Bank of New York Mellon, as trustee under the Indenture referred
to below (the “Trustee”).

W I T N E S S E T H

          WHEREAS, the Issuer has heretofore executed and delivered to the Trustee an indenture, dated
as of November 1, 2006 (the “Indenture”), providing for the issuance of 5.60% Notes due November 2,
2011 (the “Notes”);

          WHEREAS, the Indenture provides that under certain circumstances the Issuer may execute and
deliver to the Trustee a supplemental indenture;

          WHEREAS, pursuant to Section 12.1 of the Indenture, which does not require the consent of the
Holders, the Subsidiary Guarantors desire to enter into this Supplemental Indenture pursuant to
which the Subsidiary Guarantors shall fully and unconditionally guarantee all of the Issuer’s
obligations under the Indenture and the Notes (the “Guaranteed Notes”) on the terms and conditions
set forth herein;

          WHEREAS, the Subsidiary Guarantors’ obligations under the guarantees of the Guaranteed Notes
will be subordinated to their respective senior indebtedness; and

          WHEREAS, pursuant to Section 12.3 of the Indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture.

          NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Issuer, the
Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit
of the Holders of the Guaranteed Notes as follows:

          1. Capitalized Terms. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture, except as set forth below:

          (a) “Subsidiaries Guarantee” means a guarantee other than by endorsement of negotiable
instruments for collection in the ordinary course of business, direct or indirect, in any manner
including, without limitation, by way of a pledge of assets or through letters of credit or
reimbursement agreements in respect thereof, of all or any part of any indebtedness (whether
arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets,
goods, securities or services, to take or pay or to maintain financial statement conditions or
otherwise).

1

 

          (b) “Note Guarantee” means the Subsidiaries Guarantee by each Subsidiary Guarantor of the
Issuer’s obligations under this Supplemental Indenture and the Guaranteed Notes, executed pursuant
to the provisions of this Supplemental Indenture.

          (c) “Senior Indebtedness” means, with respect to the Guaranteed Notes or any Note Guarantee,
all Subsidiary Indebtedness of the Subsidiary Guarantor outstanding at any time, except (a) the
Guaranteed Notes, (b) Subsidiary Indebtedness as to which, by the terms of the instrument creating
or evidencing the same, it is provided that such Subsidiary Indebtedness is subordinated to the
Guaranteed Notes, or ranks pari passu with the Guaranteed Notes that are subordinated to the
Guaranteed Notes, (c) Subsidiary Indebtedness of the Subsidiary Guarantor to an Affiliate of the
Subsidiary Guarantor, (d) interest accruing after the filing of a petition initiating any
proceeding relating to the Subsidiary Guarantor referred to in Sections 5.1(7) and 5.1(8) unless
such interest is an allowed claim enforceable against the Subsidiary Guarantor in a proceeding
under federal or state bankruptcy laws, (e) trade accounts payable, (f) any Subsidiary Indebtedness
issued in violation of the instrument creating the same and (g) any guarantee of any Subsidiary
Indebtedness. The term “Subsidiary Indebtedness,” when used in the definition of the term “Senior
Indebtedness,” means all obligations which, in accordance with generally accepted accounting
principles, should be classified as liabilities on a balance sheet.

          2. Guarantee. The Indenture as it relates to the Guaranteed Notes only is hereby amended to
add Article 18 as follows:

ARTICLE 18

SUBSIDIARY NOTE GUARANTEES

          Section 18.1. Subsidiary Guarantee

          (a) Subject to this Article 18, each of the Subsidiary Guarantors hereby, as primary obligor
and not merely as surety, jointly and severally, fully and unconditionally guarantees to each
Holder of the Guaranteed Notes authenticated and delivered by the Trustee and to the
Trustee and its successors and assigns, irrespective of the validity and enforceability of this
Indenture, the Guaranteed Notes or the obligations of the Issuer hereunder or thereunder,
that:

	 	(1)	 	the principal of, premium, if any, and interest on, the
Guaranteed Notes will be promptly paid in full when due, whether at
Maturity, by acceleration, redemption or otherwise, and interest on the overdue
principal of, premium, if any, and interest on the Guaranteed Notes,
if any, if lawful, and all other monetary obligations of the Issuer to the
Holders or the Trustee hereunder whether for payment of principal of or
interest on the Guaranteed Notes, expenses, indemnification or
otherwise, or thereunder will be punctually paid in full, all in accordance
with the terms hereof and thereof; and
	 
	 	(2)	 	in case of any extension of time of payment or renewal of any
Guaranteed Notes or any of such other obligations, that same will be
punctually paid

2

 

	 	 	 	in full when due in accordance with the terms of the extension or renewal,
whether at stated maturity, by acceleration or otherwise.

          Notwithstanding any other provision of this Indenture, the maximum aggregate liability of each
Subsidiary Guarantor under this Note Guarantee shall not exceed fifty thousand United States
dollars (U.S. $50,000) (the “Guaranteed Amount”).

          Failing payment when due of any amount so guaranteed for whatever reason, the Subsidiary
Guarantors will be jointly and severally obligated to pay the same immediately. Each Subsidiary
Guarantor agrees that this is a guarantee of payment and not a guarantee of collection.

          Each Subsidiary Guarantor, pursuant to its Note Guarantee, also hereby agrees to pay any and
all reasonable out-of-pocket expenses (including reasonable counsel fees and expenses) incurred by
the Trustee or the Holders in enforcing any rights under its Note Guarantee.

          (b) The Subsidiary Guarantors hereby agree that (to the fullest extent permitted by law)
their obligations hereunder are unconditional, irrespective of the validity, regularity or
enforceability of the Guaranteed Notes or this Indenture, the absence of any action to
enforce the same, any waiver or consent by any Holder of the Guaranteed Notes with respect to any
provisions hereof or thereof, the recovery of any judgment against the Issuer, any action to
enforce the same or any other circumstance which might otherwise constitute a legal or equitable
discharge or defense of a Subsidiary Guarantor. Each Subsidiary Guarantor hereby waives (to the
fullest extent permitted by law) diligence, presentment, demand of payment, filing of claims with
a court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding
first against the Issuer, protest, notice and all demands whatsoever and covenants (except as
otherwise provided in Section 18.4 hereof) that the Note Guarantee will not be discharged except
by complete performance of the monetary obligations contained in the Guaranteed Notes and
this Indenture.

          (c) If any Holder or the Trustee is required by any court or otherwise to return to the
Issuer, the Subsidiary Guarantors or any custodian, trustee, liquidator or other similar official
acting in relation to either the Issuer or the Subsidiary Guarantors, any amount paid by either to
the Trustee or such Holder, this Note Guarantee, to the extent theretofore discharged, will be
reinstated in full force and effect.

          (d) Each Subsidiary Guarantor agrees that it will not be entitled to any right of subrogation
in relation to the Holders in respect of any obligations guaranteed hereby until payment in full
of all obligations guaranteed hereby. Each Subsidiary Guarantor further agrees (to the fullest
extent permitted by law) that, as between the Subsidiary Guarantors, on the one hand, and the
Holders and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby
may be accelerated as provided in Article 5 of this Indenture for the purposes of the Note
Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration
in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of
acceleration of such obligations as provided in Article 5 of this Indenture, such obligations
(whether or not due and payable) will forthwith become due and payable by the Subsidiary
Guarantors for the purpose of this Note Guarantee. The Subsidiary Guarantors will have the right
to seek contribution from the Issuer or any non-paying

3

 

Subsidiary Guarantor so long as the exercise of such right does not impair the rights of the
Holders under the Note Guarantee.

          Section 18.2. Limitation on Subsidiary Guarantor Liability

          Each Subsidiary Guarantor, and by its acceptance of Guaranteed Notes, each Holder, hereby
confirms that it is the intention of all such parties that the Note Guarantee of such Subsidiary
Guarantor not constitute a fraudulent transfer or fraudulent conveyance for purposes of United
States Bankruptcy Code as then in effect, the Uniform Fraudulent Conveyance Act, the Uniform
Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Note
Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Subsidiary
Guarantors hereby irrevocably agree that the obligations of such Subsidiary Guarantor will be
limited to the maximum amount that will, after giving effect to such maximum amount and all other
contingent and fixed liabilities of such Subsidiary Guarantor that are relevant under such laws,
and after giving effect to any collections from, rights to receive contribution from or payments
made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other
Subsidiary Guarantor under this Article 18, result in the obligations of such Subsidiary Guarantor
under its Note Guarantee not constituting a fraudulent transfer or fraudulent conveyance under
applicable law. Each Subsidiary Guarantor acknowledges that it will receive direct and indirect
benefits from the arrangements contemplated by the Supplemental Indenture and that its Note
Guarantee, and the waiver set forth in Section 18.2(b), are knowingly made in contemplation of such
benefits.

          Section 18.3. Delivery of Note Guarantee

          Neither the Issuer nor any Subsidiary Guarantor shall be required to make a notation on the
Guaranteed Notes to reflect any Note Guarantee or any such release, termination or discharge
thereof.

          Section 18.4. Releases

          The Note Guarantee of a Subsidiary Guarantor will be released:

	 	(1)	 	in connection with any sale or other disposition of all or
substantially all of the assets of that Subsidiary Guarantor (including by way
of merger or consolidation) to a Person that is not (either before or after
giving effect to such transaction) the Issuer or any of its Subsidiaries;
	 
	 	(2)	 	in connection with any sale or other disposition of all of the
capital stock of that Subsidiary Guarantor to a Person that is not (either
before or after giving effect to such transaction) the Issuer or any of its
Subsidiaries; and
	 
	 	(3)	 	upon defeasance of the Guaranteed Notes in accordance with
Article 8 of this Indenture or satisfaction and discharge of this Indenture in
accordance

4

 

	 	 	 	with its terms, each Subsidiary Guarantor will be released and relieved of
any obligations under its Note Guarantee.

          Upon any such occurrence specified in this Section 18.4, the Trustee will execute any
documents reasonably required in order to evidence the release of any Subsidiary Guarantor from its
obligations under its Note Guarantee.

          Any Subsidiary Guarantor not released from its obligations under its Note Guarantee as
provided in this Section 18.4 will remain liable for the principal, if any, of and interest and
premium on the Guaranteed Notes and for the other obligations of any Subsidiary Guarantor up to the
Guaranteed Amount under this Indenture as provided in this Article 18.

          3. Subordination. The Indenture as it relates to the Guaranteed Notes only is hereby amended
to add Article 19 as follows:

ARTICLE 19

SUBORDINATION OF SECURITIES

          Section 19.1 Agreement to Subordinate.

          Each Subsidiary Guarantor, for itself, its successors and assigns, covenants and agrees, and
each Holder of Guaranteed Notes issued under this Indenture and any indenture supplemental
thereto by such Holder’s acceptance thereof likewise covenants and agrees, that all Guaranteed
Notes issued pursuant to this Indenture shall be subject to the provisions of this Article 19; and
each Holder of a Guaranteed Note, whether upon original issue or upon transfer or
assignment thereof, accepts and agrees to be bound by such provisions.

          The payment by each Subsidiary Guarantor of the Note Guarantees on all Guaranteed
Notes issued under this Indenture shall, to the extent and in the manner hereinafter set
forth, be subordinate in right of payment to the prior payment in full of all such Subsidiary
Guarantor’s obligations with respect to the Senior Indebtedness with respect to such series,
whether outstanding at the date of this Indenture or thereafter incurred.

          Section 19.2 Default on Senior Indebtedness.

          In the event and during the continuation of any default by the Subsidiary Guarantor in the
payment of principal, premium, interest or any other amount due on any Senior Indebtedness, or in
the event that the maturity of any Senior Indebtedness has been accelerated because of a default,
then, in either case, no payment shall be made by any Subsidiary Guarantor with respect to the Note
Guarantee on the Guaranteed Notes until such Subsidiary Guarantor’s obligations with
respect to the Senior Indebtedness are paid in full.

          In the event that, notwithstanding the foregoing, any payment shall be received by the Trustee
when such payment is prohibited by the preceding paragraph of this Section 19.2, such payment shall
be held in trust for the benefit of, and shall be paid over or delivered to, the

5

 

Holders of such Senior Indebtedness or their respective representatives, or to the trustee or
trustees under any indenture or agreement pursuant to which any of such Senior Indebtedness may
have been issued, as their respective interests may appear, but only to the extent that the Holders
of such Senior Indebtedness (or their representative or representatives or a trustee) notify the
Trustee in writing within 120 days of such payment of the amounts then due and owing on such Senior
Indebtedness and only the amounts specified in such notice to the Trustee shall be paid to the
Holders of such Senior Indebtedness.

          Section 19.3 Liquidation; Dissolution; Bankruptcy.

          Upon any payment by any Subsidiary Guarantor or distribution of assets of any Subsidiary
Guarantor of any kind or character, whether in cash, property or securities, to creditors upon any
dissolution, winding-up, liquidation or reorganization of any Subsidiary Guarantor, whether
voluntary or involuntary, or in bankruptcy, insolvency, receivership or other proceedings, all
amounts due upon all Senior Indebtedness shall first be paid in full, payment thereof shall have
been provided for in money in accordance with its terms or the Guaranteed Amount shall have been
delivered to the Trustee pursuant to the following paragraph, before any payment is made by such
Subsidiary Guarantor on account of any Note Guarantee on the Guaranteed Notes; and upon
any such dissolution, winding-up, liquidation or reorganization, or in any such bankruptcy,
insolvency, receivership or other proceeding, any payment by any Subsidiary Guarantor, or
distribution of assets of any Subsidiary Guarantor of any kind or character, whether in cash,
property or securities, which the Holders of the Guaranteed Notes or the Trustee would be
entitled to receive from such Subsidiary Guarantor, except for the provisions of this Article 19,
shall be paid by such Subsidiary Guarantor or by any receiver, trustee in bankruptcy, liquidating
trustee, agent or other Person making such payment or distribution to the extent not already paid
(including to the Trustee pursuant to the following paragraph), or by the Holders of the
Guaranteed Notes or by the Trustee under this Indenture if received by them or it,
directly to the Holders of such Senior Indebtedness (pro rata to such Holders on the basis of the
respective amounts of such Senior Indebtedness held by such Holders, as calculated by the
Subsidiary Guarantor) or their representative or representatives, or to the trustee or trustees
under any indenture or agreement pursuant to which any instruments evidencing such Senior
Indebtedness may have been issued, as their respective interests may appear, to the extent
necessary to pay such Senior Indebtedness in full, in money or money’s worth, after giving effect
to any concurrent payment or distribution to or for the Holders of such Senior Indebtedness, before
any payment or distribution is made to the Holders of the Guaranteed Notes or to the
Trustee.

          In the event that, notwithstanding the foregoing, any payment or distribution of assets of any
Subsidiary Guarantor of any kind or character, whether in cash, property or securities, prohibited
by the foregoing is made and, concurrently therewith, the Trustee shall have received an amount in
cash from the Subsidiary Guarantors equal to the Guaranteed Amount before all such Senior
Indebtedness is paid in full, or provision is made for such payment in money in accordance with its
terms, such payment or distribution shall be held in trust for the benefit of and shall be paid
over or delivered to the Holders of such Senior Indebtedness or their representative or
representatives, or to the trustee or trustees under any indenture pursuant to which any
instruments evidencing such Senior Indebtedness may have been issued, as their respective interests
may appear, as calculated by the Subsidiary Guarantor, for application to the

6

 

payment of all such Senior Indebtedness remaining unpaid to the extent necessary to pay such
Senior Indebtedness in full in money in accordance with its terms, after giving effect to any
concurrent payment or distribution to or for the benefit of the Holders of such Senior
Indebtedness.

          For purposes of this Article 19, the words “cash, property or securities” shall not be deemed
to include shares of stock of any Subsidiary Guarantor as reorganized or readjusted, or securities
of any Subsidiary Guarantor or any other corporation provided for by a plan of reorganization or
readjustment, the payment of which is subordinated at least to the extent provided in this Article
19 with respect to the Guaranteed Notes to the payment of all Senior Indebtedness with
respect to the Guaranteed Notes.

          Section 19.4 Subrogation.

          Subject to the satisfaction in full of all obligations under the Note Guarantee pursuant to
the terms of this Indenture, the rights of the Holders of such Guaranteed Notes with respect to the
Note Guarantee shall be subrogated to the rights of the Holders of such Senior Indebtedness to
receive payments or distributions of cash, property or securities of the Subsidiary Guarantors
applicable to such Senior Indebtedness; and, for the purposes of such subrogation, no payments or
distributions to the Holders of such Senior Indebtedness of any cash, property or securities to
which the Holders of such Senior Indebtedness or the Trustee would be entitled except for the
provisions of this Article 19, and no payment over pursuant to the provisions of this Article 19 to
or for the benefit of the Holders of such Senior Indebtedness by Holders of the Guaranteed
Notes or the Trustee, shall, as between such Subsidiary Guarantor, its creditors other than
Holders of such Senior Indebtedness, and the Holders of the Guaranteed Notes, be deemed to
be a payment by such Subsidiary Guarantor to or on account of such Senior Indebtedness. It is
understood that the provisions of this Article 19 are and are intended solely for the purposes of
defining the relative rights of the Holders of the Note Guarantees of the Guaranteed
Notes, on the one hand, and the Holders of the Senior Indebtedness with respect to the Note
Guarantees of the Guaranteed Notes on the other hand.

          Nothing contained in this Article 19 or elsewhere in this Indenture or in the Guaranteed
Notes is intended to or shall impair, as between each Subsidiary Guarantor, its creditors
other than the Holders of Senior Indebtedness with respect to the Guaranteed Notes, and
the Holders of the Guaranteed Notes, the obligation of such Subsidiary Guarantor, which is
absolute and unconditional, to pay to the Holders of the Guaranteed Notes pursuant to the
Note Guarantee as and when the same shall become due and payable in accordance with its terms, or
is intended to or shall affect the relative rights of the Holders of the Guaranteed Notes
and creditors of such Subsidiary Guarantor, other than the Holders of such Senior Indebtedness, nor
shall anything herein or therein prevent the Trustee or the Holder of any Guaranteed Note
from exercising all remedies otherwise permitted by applicable law upon default under this
Indenture, subject to the rights, if any, under this Article 19 of the Holders of such Senior
Indebtedness in respect of cash, property or securities of such Subsidiary Guarantor, as the case
may be, received upon the exercise of any such remedy.

          Upon any payment or distribution of assets of any Subsidiary Guarantor referred to in this
Article 19, the Trustee, subject to the provisions of Article 6 of this Indenture, and the Holders
of

7

 

the Guaranteed Notes shall be entitled to conclusively rely upon any order or decree
made by any court of competent jurisdiction in which such dissolution, winding-up, liquidation or
reorganization proceedings are pending, or a certificate of the receiver, trustee in bankruptcy,
liquidation trustee, agent or other Person making such payment or distribution, delivered to the
Trustee or to the Holders of the Guaranteed Notes, for the purposes of ascertaining the
Persons entitled to participate in such distribution, the Holders of Senior Indebtedness with
respect to the Guaranteed Notes and other indebtedness of such Subsidiary Guarantor, as
the case may be, the amount thereof or payable thereon, the amount or amounts paid or distributed
thereon and all other facts pertinent thereto or to this Article 19.

          Section 19.5 Trustee to Effectuate Subordination.

          Each Holder of Note Guarantees by such Holder’s acceptance thereof authorizes and directs the
Trustee on such Holder’s behalf to execute such document and to take such action as may be
necessary or appropriate to effectuate the subordination provided in this Article 19 and appoints
the Trustee such Holder’s attorney-in-fact for any and all such purposes.

          Section 19.6 Notice by the Subsidiary Guarantors.

          Each Subsidiary Guarantor shall give prompt written notice to a Responsible Officer of the
Trustee of any fact known to such Subsidiary Guarantor that would prohibit the making of any
payment of monies to or by the Trustee in respect of the Note Guarantees of Guaranteed
Notes pursuant to the provisions of this Article 19. Notwithstanding the provisions of this
Article 19 or any other provision of this Indenture, the Trustee shall not be charged with
knowledge of the existence of any facts that would prohibit the making of any payment of monies to
or by the Trustee in respect of the Note Guarantees of Guaranteed Notes pursuant to the
provisions of this Article 19, unless and until a Responsible Officer of the Trustee shall have
received written notice thereof from the Subsidiary Guarantor or a Holder or Holders of Senior
Indebtedness with respect to the Guaranteed Notes or from any trustee therefor; and before
the receipt of any such written notice, the Trustee, subject to the provisions of Article 6 of this
Indenture, shall be entitled in all respects to assume that no such facts exist; provided,
however, that if the Trustee shall not have received the notice provided for in this
Section 19.6 at least two Business Days prior to the date upon which by the terms hereof any money
may become payable for any purpose (including, without limitation, the Note Guarantee on, any
Guaranteed Note), then, anything herein contained to the contrary notwithstanding, the
Trustee shall have full power and authority to receive such money and to apply the same to the
purposes for which they were received, and shall not be affected by any notice to the contrary that
may be received by it within two Business Days prior to such date.

          The Trustee, subject to the provisions of Article 6 of this Indenture, shall be entitled to
conclusively rely on the delivery to it of a written notice by a Person representing himself to be
a Holder of Senior Indebtedness with respect to the Guaranteed Notes (or a trustee on
behalf of such Holder), to establish that such notice has been given by a Holder of such Senior
Indebtedness or a trustee on behalf of any such Holder or Holders. In the event that the Trustee
determines in good faith that further evidence is required with respect to the right of any Person
as a Holder of such Senior Indebtedness to participate in any payment or distribution pursuant to
this Article 19, the Trustee may request such Person to furnish evidence to the reasonable

8

 

satisfaction of the Trustee as to the amount of such Senior Indebtedness held by such Person,
the extent to which such Person is entitled to participate in such payment or distribution and any
other facts pertinent to the rights of such Person under this Article 19, and, if such evidence is
not furnished, the Trustee may defer any payment to such Person pending judicial determination as
to the right of such Person to receive such payment.

          Upon any payment or distribution of assets of any Subsidiary Guarantor referred to in this
Article 19, the Trustee and the Holders of the Guaranteed Notes shall be entitled to rely upon any
order or decree entered by any court of competent jurisdiction in which such insolvency,
bankruptcy, receivership, liquidation, reorganization, dissolution, winding-up or similar case or
proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee,
custodian, receiver, assignee for the benefit of creditors, agent or other Person making such
payment or distribution, delivered to the Trustee or to the Holders of the Guaranteed
Notes, for the purpose of ascertaining the Persons entitled to participate in such payment or
distribution, the Holders of Senior Indebtedness with respect to the Guaranteed Notes and other
indebtedness of the Subsidiary Guarantors, the amount thereof or payable thereon, the amount or
amounts paid or distributed thereon and all other facts pertinent thereto or to this Article 19.

          Section 19.7 Rights of the Trustee; Holders of Senior Indebtedness.

          The Trustee in its individual capacity shall be entitled to all the rights set forth in this
Article 19 in respect of any Senior Indebtedness with respect to the Guaranteed Notes at
any time held by it, to the same extent as any other Holder of such Senior Indebtedness, and
nothing in this Indenture shall deprive the Trustee of any of its rights as such Holder.

          With respect to the Holders of Senior Indebtedness with respect to the Guaranteed
Notes, the Trustee undertakes to perform or to observe only such of its covenants and
obligations as are specifically set forth in this Article 19, and no implied covenants or
obligations with respect to the Holders of such Senior Indebtedness shall be read into this
Indenture against the Trustee. By virtue of this Article 19, the Trustee shall not be deemed to owe
any fiduciary duty to the Holders of such Senior Indebtedness and, subject to the provisions of
Article 6 of this Indenture, the Trustee shall not be liable to any Holder of such Senior
Indebtedness if it shall mistakenly or otherwise pay over or deliver to Holders of the
Guaranteed Notes, any Subsidiary Guarantor or any other Person money or assets to which
any Holder of such Senior Indebtedness shall be entitled.

          Nothing in this Article 19 shall apply to claims of, or payments to, the Trustee under or
pursuant to Section 6.7.

          Section 19.8 Subordination May Not Be Impaired.

          No right of any present or future Holder of any Senior Indebtedness to enforce subordination
as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to
act on the part of any Subsidiary Guarantor, or by any act or failure to act, in good faith, by any
such Holder, or by any noncompliance by any Subsidiary Guarantor with the terms, provisions and
covenants of this Indenture, regardless of any knowledge thereof that any such Holder may have or
otherwise be charged with.

9

 

          Without in any way limiting the generality of the foregoing paragraph, the Holders of Senior
Indebtedness with respect to the Guaranteed Notes may, at any time and from time to time,
without the consent of or notice to the Trustee or the Holders of Guaranteed Notes,
without incurring responsibility to such Holders and without impairing or releasing the
subordination provided in this Article 19 or the obligations hereunder of the Holders of the
Guaranteed Notes to the Holders of such Senior Indebtedness, do any one or more of the
following: (i) change the manner, place or terms of payment or extend the time of payment of, or
renew or alter, such Senior Indebtedness, or otherwise amend or supplement in any manner such
Senior Indebtedness or any instrument evidencing the same or any agreement under which such Senior
Indebtedness is outstanding; (ii) sell, exchange, release or otherwise deal with any property
pledged, mortgaged or otherwise securing such Senior Indebtedness; (iii) release any Person liable
in any manner for the collection of such Senior Indebtedness; and (iv) exercise or refrain from
exercising any rights against the Subsidiary Guarantors and any other Person.

          4. No Recourse against Others. No past, present or future director, officer, employee,
incorporator, stockholder or agent of the Subsidiary Guarantors, as such, shall have any liability
for any obligations of the Issuer or any of the Subsidiary Guarantors under the Guaranteed Notes,
any Note Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in
respect of, or by reason of, such obligations or their creation. Each Holder of the Guaranteed
Notes by accepting a Guaranteed Note waives and releases all such liability. The waiver and
release are part of the consideration for issuance of the Notes.

          5. GOVERNING LAW. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

          6. Counterparts. The parties may sign any number of copies of this Supplemental Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement.

          7. Effect of Headings. The Section headings herein are for convenience only and shall not
affect the construction hereof.

          8. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in
respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the
recitals contained herein, all of which recitals are made solely by the Subsidiary Guarantors and
the Issuer.

          9. Waiver of Jury Trial. EACH OF THE COMPANY, THE GUARANTORS AND THE TRUSTEE HEREBY
IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY
JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE DEBT
SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY.

          10. Force Majeure. In no event shall the Trustee be responsible or liable for any failure or
delay in the performance of its obligations hereunder arising out of or caused by,

10

 

directly or indirectly, forces beyond its control, including, without limitation, strikes,
work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or
natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities,
communications or computer (software and hardware) services; it being understood that the Trustee
shall use reasonable efforts which are consistent with accepted practices in the banking industry
to resume performance as soon as practicable under the circumstances.

          11. Consequential Damages. In no event shall the Trustee be responsible or liable for
special, indirect, or consequential loss or damage of any kind whatsoever (including, but not
limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood
of such loss or damage and regardless of the form of action.

11

 

          IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written.

	 	 	 	 	 
	 	CIT Group Funding Company of Delaware LLC

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Group Inc.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	The Bank of New York Mellon,

  as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Baffin Shipping Co, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	C.I.T. Leasing Corporation,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

12

 

	 	 	 	 	 
	 	Capita Colombia Holdings Corp.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Capita Corporation,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Capita International L.L.C.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Capita Premium Corporation,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Capital USA Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT China 12, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

13

 

	 	 	 	 	 
	 	CIT China 13, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT China 2, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT China 3, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Communications Finance Corporation,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Credit Finance Corp.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

14

 

	 	 	 	 	 
	 	CIT Credit Group USA Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Financial Ltd. of Puerto Rico,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Financial USA, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Group (NJ) LLC,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Group SF Holding Co., Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Healthcare LLC,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

15

 

	 	 	 	 	 
	 	CIT Holdings, LLC,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Lending Services Corporation,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Lending Services Corporation (Illinois),

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Loan Corporation (f/k/a The CIT Group/Consumer Finance, Inc.),

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Real Estate Holding Corporation,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

16

 

	 	 	 	 	 
	 	CIT Realty LLC,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Technologies Corporation,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	CIT Technology Financing Services, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Education Loan Servicing Corporation,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Equipment Acceptance Corporation,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Franchise Portfolio 1, Inc.,

   as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

17

 

	 	 	 	 	 
	 	Franchise Portfolio 2, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	GFSC Aircraft Acquisition Financing Corporation,

  as Subsidiary Guarantor

 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Hudson Shipping Co., Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Namekeepers LLC,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Owner-Operator Finance Company,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

18

 

	 	 	 	 	 
	 	Student Loan Xpress, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/BC Securities Investment, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Business Credit, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Capital Finance, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Capital Transportation, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

19

 

	 	 	 	 	 
	 	The CIT Group/CmS Securities Investment, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Commercial Services, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Commercial Services, Inc. (Va.),

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Consumer Finance, Inc. (NY),

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Consumer Finance, Inc. (TN),

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

20

 

	 	 	 	 	 
	 	The CIT Group/Corporate Aviation, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Equipment Financing, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Equity Investments, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Factoring One, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/FM Securities Investment, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

21

 

	 	 	 	 	 
	 	The CIT Group/LsC Securities Investment, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Securities Investment, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	The CIT Group/Venture Capital, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	 	Western Star Finance, Inc.,

  as Subsidiary Guarantor

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

22

 

Schedule A

Subsidiary Guarantors

	 	 	 	 	 
	NAME OF	 	 	 	ENTITY
	GUARANTOR	 	JURISD.	 	TYPE
	Baffin Shipping Co., Inc.

	 	Delaware
	 	CORP
	C.I.T. Leasing Corporation

	 	Delaware
	 	CORP
	Capita Colombia Holdings Corp.

	 	Delaware
	 	CORP
	Capita Corporation

	 	Delaware
	 	CORP
	Capita International L.L.C.

	 	Delaware
	 	LLC
	Capita Premium Corporation

	 	Delaware
	 	CORP
	CIT Capital USA Inc.

	 	Delaware
	 	CORP
	CIT China 12, Inc.

	 	Delaware
	 	CORP
	CIT China 13, Inc.

	 	Delaware
	 	CORP
	CIT China 2, Inc.

	 	Delaware
	 	CORP
	CIT China 3, Inc.

	 	Delaware
	 	CORP
	CIT Communications Finance Corporation

	 	Delaware
	 	CORP
	CIT Credit Finance Corp.

	 	Delaware
	 	CORP
	CIT Credit Group USA Inc.

	 	Delaware
	 	CORP
	CIT Financial Ltd. of Puerto Rico

	 	Delaware
	 	CORP
	CIT Financial USA, Inc.

	 	Delaware
	 	CORP
	CIT Group (NJ) LLC

	 	Delaware
	 	LLC
	CIT Group SF Holding Co., Inc.

	 	Delaware
	 	CORP
	CIT Healthcare LLC

	 	Delaware
	 	LLC
	CIT Holdings, LLC

	 	Delaware
	 	LLC
	CIT Lending Services Corporation

	 	Delaware
	 	CORP
	CIT Lending Services Corporation (Illinois)

	 	Delaware
	 	CORP
	CIT Loan Corporation (f/k/a The CIT
Group/Consumer Finance, Inc.)

	 	Delaware
	 	CORP
	CIT Real Estate Holding Corporation

	 	Delaware
	 	CORP
	CIT Realty LLC

	 	Delaware
	 	LLC
	CIT Technologies Corporation

	 	Michigan
	 	CORP
	CIT Technology Financing Services, Inc.

	 	Massachusetts
	 	CORP
	Education Loan Servicing Corporation

	 	Delaware
	 	CORP
	Equipment Acceptance Corporation

	 	New York
	 	CORP
	Franchise Portfolio 1, Inc.

	 	Delaware
	 	CORP
	Franchise Portfolio 2, Inc.

	 	Delaware
	 	CORP
	GFSC Aircraft Acquisition Financing Corporation

	 	Delaware
	 	CORP
	Hudson Shipping Co., Inc.

	 	Delaware
	 	CORP
	Namekeepers LLC

	 	Delaware
	 	LLC
	Owner-Operator Finance Company

	 	Delaware
	 	CORP
	Student Loan Xpress, Inc.

	 	Delaware
	 	CORP
	The CIT Group/BC Securities Investment, Inc.

	 	New Jersey
	 	CORP
	The CIT Group/Business Credit, Inc.

	 	New York
	 	CORP

23

 

	 	 	 	 	 
	NAME OF	 	 	 	ENTITY
	GUARANTOR	 	JURISD.	 	TYPE
	The CIT Group/Capital Finance, Inc.

	 	Delaware
	 	CORP
	The CIT Group/Capital Transportation, Inc.

	 	Delaware
	 	CORP
	The CIT Group/CmS Securities Investment, Inc.

	 	New Jersey
	 	CORP
	The CIT Group/Commercial Services, Inc.

	 	New York
	 	CORP
	The CIT Group/Commercial Services, Inc. (Va.)

	 	Delaware
	 	CORP
	The CIT Group/Consumer Finance, Inc. (NY)

	 	New York
	 	CORP
	The CIT Group/Consumer Finance, Inc. (TN)

	 	Delaware
	 	CORP
	The CIT Group/Corporate Aviation, Inc.

	 	Delaware
	 	CORP
	The CIT Group/Equipment Financing, Inc.

	 	Delaware
	 	CORP
	The CIT Group/Equity Investments, Inc.

	 	New Jersey
	 	CORP
	The CIT Group/Factoring One, Inc.

	 	New York
	 	CORP
	The CIT Group/FM Securities Investment, Inc.

	 	New Jersey
	 	CORP
	The CIT Group/LsC Securities Investment, Inc.

	 	New Jersey
	 	CORP
	The CIT Group/Securities Investment, Inc.

	 	Delaware
	 	CORP
	The CIT Group/Venture Capital, Inc.

	 	New Jersey
	 	CORP
	Western Star Finance, Inc.

	 	Delaware
	 	CORP

24

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