Document:

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                                                                   EXHIBIT 10.37

                              CONSULTING AGREEMENT

                  This Consulting Agreement is entered into by and between
VISTEON CORPORATION (THE "COMPANY"), a corporation organized under the laws of
the State of Delaware, and STACY L. FOX ("FOX" OR "CONSULTANT").

                  1. RESIGNATION AGREEMENT. The Company and Fox are concurrently
entering into a Resignation Agreement relating to Fox's resignation as an
employee of the Company, and providing for Fox's termination of employment with
the Company effective March 31, 2005. A condition precedent to the effectiveness
of this Consulting Agreement is the effectiveness of the Resignation Agreement.

                  2. ENGAGEMENT; ACCEPTANCE OF CONSULTANCY. Commencing on April
1, 2005 and for the period ending on December 31, 2005 (the "Term"), Visteon
hereby agrees to engage Fox to work as a consultant with the Company's
executives, attorneys and/or other representatives and provide them with such
information, advice and services as may be reasonably requested in light of her
prior position as Senior Vice President, General Counsel and Secretary of the
Company. The Company's Chief Executive Officer ("CEO") shall himself or shall
appoint his designee to assign projects to the Consultant within the scope of
the engagement. Consultant hereby accepts this engagement and agrees that she
shall render such services to the Company conscientiously, faithfully,
competently and to the best of her talents and abilities. The Company agrees to
indemnify Consultant from and against any direct or third party claims or suits
(including reasonable defense costs) arising out of Consultant's provision of
services to or on behalf of or at the direction or request of the Company, its
subsidiaries and affiliates, except such claims or suits as result from (i) the
gross negligence or willful misconduct of Consultant; or (ii) action taken by
Consultant without authority of the Company or contrary to directions given by
the Company to Consultant.

                  3. FACILITIES. Consultant shall make whatever arrangements
regarding her own work facilities as she may choose to make, at her own expense,
and the Company shall make an office and reasonable support services available
to Consultant when it is mutually convenient for her to perform services on
behalf of the Company at its corporate headquarters in Van Buren Township,
Michigan. Consultant may not use such Company office and support services in
connection with the performance of work for any party other than the Company.

                  4. COMPENSATION.

                     (a) Subject to the terms and conditions hereof, the Company
shall compensate Consultant on a monthly retainer at the rate of $40,000 per
month. Consultant shall submit an invoice to the Company at the end of each
month of the Term, in a form reasonably satisfactory to the Company. The Company
agrees to pay Consultant's invoices no later than 15 days after receipt thereof.
Consultant also shall be reimbursed for any travel and other ordinary business
expenses reasonably incurred in performing services at the Company's request at
locations other than Visteon's corporate headquarters.

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                     (b) To the extent that Consultant engages in any employment
or is engaged for any assignments during the Term with or for any parties other
than the Company for which she is compensated for her time or services in the
form of cash compensation (as distinguished from compensation in the form of an
equity interest), the retainer payable under subparagraph (a) above shall be
reduced by the amount of such cash compensation received or to be received from
other sources. Consultant agrees to identify any such employment or assignments
performed during each month in her monthly invoice (with the identifying
information subject to any duty of confidentiality), together with a
specification of the compensation arrangement made in respect thereof, so that
such retainer adjustments can be made by the Company at the appropriate time.
Any such retainer adjustments not previously made shall be made in the invoice
for the final month of the Term, or on such other terms as may be agreed by the
parties in writing.

                  5. TAXES. Taxes and other obligations, if any, related to the
fees payable hereunder to Consultant shall be the sole and exclusive
responsibility of Consultant. Consultant hereby agrees to indemnify and hold
harmless the Company from any liability that may be asserted for taxes, interest
or penalties relating to the fees paid to Consultant hereunder.

                  6. RELATIONSHIP CREATED. Fox is being engaged hereunder to
provide consulting services as an independent contractor and, during the Term,
she shall not be an employee of the Company for any purpose whatsoever, and
shall have no authority to bind the Company to any contractual commitments or
otherwise. Without limitation of the foregoing, it is acknowledged by the
Parties that the Company shall not be responsible for providing any unemployment
insurance coverage, workers' compensation coverage or any other insurance
coverage or benefit to or on account of Fox during the Term. This paragraph
shall not affect or limit whatever rights Fox may have to obtain health care
benefits under COBRA during the Term, as a former employee of the Company.

                  7. CONSULTING COMMITMENTS.

                     (a) Consultant agrees to make herself available to provide
services to the Company for up to 160 hours per month, as requested by the
Company, during the Term. Consultant may resign from this consulting engagement
on fifteen (15) days' notice to the Company for any reason, and shall so resign
if she commences other substantially full-time employment during the Term. The
parties agree that should Fox form or enter into any partnership or other
affiliation with a firm for the practice of law or for the provision of
consulting services, such action shall not be deemed "substantially full-time
employment" hereunder, provided such action is not inconsistent with Fox's
provision of consulting services hereunder.

                     (b) The Company may terminate this Consulting Agreement for
"Cause" as specified in the termination notice. The following circumstances
shall constitute "Cause" for this purpose:

                         (i) Consultant has engaged in willful misconduct or
acted recklessly or with gross negligence in discharging or failing to discharge
her duties hereunder;

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                         (ii) Consultant has breached her non-solicitation
obligations under paragraph 8 below, or has breached her confidentiality
obligations under paragraph 7 of the Resignation Agreement, in any material
respect, or has made public statements concerning the Company, or its directors
or officers, that are incompatible with her continued service as a consultant
under this Agreement; or

                         (iii) Consultant has willfully refused to follow a
proper written directive of the CEO or the CEO's designee within the scope of
the Consultant's engagement.

                     (c) If the Company terminates this Consulting Agreement for
Cause, or if Consultant resigns from the consulting engagement or otherwise
ceases to provide services hereunder for any reason whatsoever, the Company's
obligations under this Agreement to pay further compensation shall cease, except
that the Company shall pay Consultant, within 15 (fifteen) days from the date of
receipt of Consultant's final invoice, in full and complete satisfaction of all
of the Company's obligations under this Consulting Agreement, the fees due for
services rendered prorated to the date of termination of the consultancy and,
subject to submission of all required documentation, reimbursable travel or
other ordinary business expenses incurred (but unpaid) to the date of
termination. Consultant shall not be entitled to any further compensation under
this Consulting Agreement.

                  8. NON-SOLICITATION. Consultant agrees that until January 1,
2007, she shall not directly or indirectly (i) solicit, induce or attempt to
induce any employee of the Company or any subsidiary to leave the employ of the
Company or such subsidiary, or in any way interfere with the relationship
between the Company or any subsidiary and any employee thereof, or (ii) hire, or
assist any firm or other legal entity with which she becomes affiliated in
hiring, any person, who was an employee of the Company or any subsidiary at any
time during Fox's employment, except with the Company's written consent.

                  9. MISCELLANEOUS PROVISIONS.

                     (a) This Agreement contains the entire agreement between
the Parties and supersedes any and all prior agreements, arrangements,
negotiations, discussions or understandings between or among any of the Parties
relating to the subject matter hereof. Neither the Company nor Consultant are
relying upon any representations or promises made by either of them to the other
regarding this Agreement or the implications thereof beyond the written terms of
this Agreement.

                     (b) This Agreement may not be amended, modified, superseded
or waived, except by a written instrument executed by both parties hereto, or,
in the case of a waiver, by the party waiving compliance. The failure of either
party at any time or times to require performance of any provision hereof shall
in no manner affect the right at a later time to enforce the same. No waiver by
either party of the breach of any term or covenant

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contained in this Agreement whether by conduct or otherwise, in any one or more
instances, shall be deemed to be, or construed as, a further or continuing
waiver of any such breach, or a waiver of the breach of any other term or
covenant contained in this Agreement.

                     (c) This Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of Michigan. If any provision
of this Agreement is hereafter construed to be invalid or unenforceable in any
respect, the same shall not affect the remaining provisions of this Agreement,
without regard to the invalid portion, and any such invalid provisions shall be
reformed and construed to the extent necessary to permit their enforceability so
as to reflect the intent of the parties hereto.

                     (d) This Agreement shall extend to, be binding upon, and
inure to the benefit of the Company's successors and assigns, but shall not be
assignable by Consultant without the written consent of the Company.

                     (e) This Agreement may be executed in any number of
counterparts each of which when so executed shall be deemed to be an original
and all of which when taken together shall constitute one and the same
agreement.

                     (f) This Agreement has been negotiated by the parties and
both parties agree that neither party shall contend in any possible future
dispute regarding its interpretation that any ambiguity should be interpreted
against the drafting party.

                     (g) Consultant hereby represents and warrants that (i) she
has the right to enter into this Consulting Agreement with the Company and to
grant the rights contained in this Consulting Agreement, and (ii) the provisions
of this Consulting Agreement do not violate any other contracts or agreements
that Consultant has entered into with any other individual or entity.

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                  IN WITNESS WHEREOF, the parties have executed this Consulting
Agreement on the date(s) indicated below.

    /s/ Stay L. Fox                                     March 10, 2005
---------------------------                     -----------------------------
       STACY L. FOX                                        Date

VISTEON CORPORATION

By:  /s/ Robert H. Marcin                               March 10, 2005
     --------------------                       -----------------------------
       Robert H. Marcin,                                   Date
       S.V.P., Corporate Relations<PAGE>
                                                                   Exhibit 4.a.i

                     RESOLUTIONS OF THE PRICING COMMITTEE OF
                             THE BOARD OF DIRECTORS
                              OF MASCO CORPORATION
                                  JULY 29, 1999

     In lieu of a meeting, the undersigned, being all of the members of the
Pricing Committee of the Board of Directors of Masco Corporation, a Delaware
corporation, (the "Company") adopt the following resolutions:

     WHEREAS, Masco Corporation, a Delaware corporation (the "Company") the
Company has filed a Registration Statement (No. 33-56043) on Form S-3 with the
Securities and Exchange Commission, which is in effect;

     WHEREAS, the Company desires to create an additional series of securities
under the Indenture dated as of December 1, 1982 (as amended to the date hereof,
the "Indenture"), with The First National Bank of Chicago, as successor trustee
to Morgan Guaranty Trust Company of New York (the "Trustee"), providing for the
issuance from time to time of unsecured debentures, notes or other evidences of
indebtedness of this Company ("Securities") in one or more series under such
Indenture; and

     WHEREAS, capitalized terms used in these resolutions and not otherwise
defined are used with the same meaning ascribed to such terns in the Indenture;

     THEREFORE RESOLVED, that there is established a series of Securities under
the Indenture, the terms of which shall be as follows:

     1. The Securities of such series shall be designated as the 7-3/4%
Debentures Due August 1, 2029".

     2. The aggregate principal amount of Securities of such series which may be
authenticated and delivered under the Indenture is limited to Three Hundred
Million Dollars ($300,000,000), except for Securities of such series
authenticated and delivered upon registration of, transfer of, or in exchange
for, or in lieu of, other Securities of such series pursuant to Sections 2.07,
2.08, 2.09, 9.04 or 14.03 of the Indenture.

     3. The date on which the principal of the Securities of such series shall
be payable is August 1, 2029.

     4. The Securities of such series shall bear interest from August 3, 1999 at
the rate of 7-3/4% per annum, payable semi-annually on February 1 and August 1
of each year commencing on February 1, 2000, until the principal thereof is paid
or made available for payment. The January 15 or July 15 (whether or not a
business day), as the case may be, next preceding each such interest payment
date shall be the "record date" for the determination of holders to whom
interest is payable.

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     5. The Securities shall be issued initially in the form of one or more
global securities registered in the name of Cede & Co., as nominee of The
Depository Trust Company ("DTC"), and will be held by the Trustee as custodian
for DTC. The Securities shall be subject to the procedures of DTC described in
the Company's prospectus supplement dated July 29, 1999 relating to the
Securities and, except as described in such prospectus supplement, will not be
issued in definitive registered form.

     6. The principal of and interest on the Securities of such series shall be
payable at the office or agency of this Company maintained for such purpose
under Section 3.02 of the Indenture in the Borough of Manhattan, the City of New
York, or at any other office or agency designated by the Company, for such
purpose pursuant to the Indenture; provided, however, that if Securities in
definitive registered form are issued, then at the option of the Company payment
of interest may be made by check mailed to the address of the person entitled
thereto as such address shall appear on the Company's registry books.

     7. The Securities of such series shall not be redeemable prior to maturity.

     8. The Securities of such series shall be issuable in denominations of One
Thousand Dollars ($1,000) and any integral multiples thereof.

     9. The Securities shall be issuable at a price such that this Company shall
receive $293,766,000 after an underwriting discount of $2,625,000.

     10. The Securities shall be subject to defeasance and discharge and to
defeasance of certain obligations as set forth in the Indenture.

     FURTHER RESOLVED, that the Securities of such series are declared to be
issued under the Indenture and subject to the provisions hereof;

     FURTHER RESOLVED, that the Chairman of the Board, the President or any Vice
President of the Company is authorized to execute, on the Company's behalf and
in its name, and the Secretary or any Assistant Secretary of the Company is
authorized to attest to such execution and under the Company's seal (which may
be in the form of a facsimile of the Company's seal), $300,000,000 aggregate
principal amount of the Securities of such series (and in addition Securities to
replace lost, stolen, mutilated or destroyed Securities and Securities required
for exchange, substitution or transfer, all as provided in the Indenture) in
fully registered form in substantially the form of the debenture filed as an
exhibit to the Company's Registration Statement on Form S-3 (No. 33-56043), but
with such changes and insertions therein as are appropriate to conform the
Securities to the terms set forth herein or otherwise as the respective officers
executing the Securities shall approve and as are not inconsistent with these
resolutions, such approval to be conclusively evidenced by such officer's
execution and delivery of such Securities, and to deliver such Securities to the
Trustee for authentication, and the Trustee is authorized and directed thereupon
to authenticate and deliver the same to or upon the written order of this
Company as provided in the Indenture;

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     FURTHER RESOLVED, that the signatures of the Company officers so authorized
to execute the Securities of such series may be the manual or facsimile
signatures of the present or any future authorized officers and may be imprinted
or otherwise reproduced thereon, and the Company for such purpose adopts each
facsimile signature as binding upon it notwithstanding the fact that at the time
the respective Securities shall be authenticated and delivered or disposed of,
the individual so signing shall have ceased to hold such office;

     FURTHER RESOLVED, that Merrill Lynch, Pierce, Fenner & Smith Incorporated
and Salomon Smith Barney Inc. are appointed as the underwriters for the issuance
and sale of the Securities of such series, and the Chairman of the Board, the
President or any Vice President of the Company is authorized, in the Company's
name and on its behalf, to execute and deliver an Underwriting Agreement,
substantially in the form heretofore approved by the Company's Board of
Directors, with such underwriters, with such changes and insertions therein as
are appropriate to conform such Underwriting Agreement to the terms set forth
herein or otherwise as the officer executing such Underwriting Agreement shall
approve and as are not inconsistent with these resolutions, such approval to be
conclusively evidenced by such officer's execution and delivery of the
Underwriting Agreement;

     FURTHER RESOLVED, that The First National Bank of Chicago, the Trustee
under the Indenture, is appointed trustee for Securities of such series, and as
Agent of this Company for the purpose of effecting the registration, transfer
and exchange of the Securities of such series as provided in the Indenture, and
the corporate trust office of The First National Bank of Chicago in the Borough
of Manhattan, The City of New York is designated pursuant to the Indenture as
the office or agency of the Company where such Securities may be presented for
registration, transfer and exchange and where notices and demands to or upon
this Company in respect of the Securities and the Indenture may be served;

     FURTHER RESOLVED, that The First National Bank of Chicago is appointed
Paying Agent of this Company for the payment of interest on and principal of the
Securities of such series, and the corporate trust office of The First National
Bank of Chicago, is designated, pursuant to the Indenture, as the office or
agency of the Company where Securities may be presented for payment; and

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     FURTHER RESOLVED, that each of the Company's officers is authorized and
directed, on behalf of the Company and in its name, to do or cause to be done
everything such officer deems advisable to effect the sale and delivery of the
Securities of such series pursuant to the Underwriting Agreement and otherwise
to carry out the Company's obligations under the Underwriting Agreement, and to
do or cause to be done everything and to execute and deliver all documents as
such officer deems advisable in connection with the execution and delivery of
the Underwriting Agreement and the execution, authentication and delivery of
such Securities (including, without limiting the generality of the foregoing,
delivery to the Trustee of the Securities for authentication and of requests or
orders for the authentication and delivery of Securities).

Dated: July 29, 1999

                                        /s/ Richard A. Manoogian
                                        ----------------------------------------
                                        Richard A. Manoogian

                                        /s/ Wayne B. Lyon
                                        ----------------------------------------
                                        Wayne B. Lyon

                                        /s/ John A. Morgan
                                        ----------------------------------------
                                        John A. Morgan

<PAGE>

                 Permanent Global Registered Fixed Rate Security

     THIS DEBENTURE IS A GLOBAL SECURITY AND IS REGISTERED IN THE NAME OF A
DEPOSITORY OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN
PART FOR DEBENTURES IN CERTIFICATED FORM, THIS DEBENTURE MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
("DTC") TO A NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR
DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. UNLESS THIS DEBENTURE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO MASCO CORPORATION OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY DEBENTURE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

                                MASCO CORPORATION
                       7-3/4% Debenture Due August 1, 2029

REGISTERED                                                   CUSIP No. 574599AT3
No. R-1

Masco Corporation, a corporation duly organized and existing under the laws of
the State of Delaware (herein referred to as the "Company"), for value received,
hereby promises to pay to CEDE & CO. or registered assigns, at the office or
agency of the Company in the Borough of Manhattan, The City of New York, the
principal sum of ONE HUNDRED MILLION DOLLARS ($100,000,000) on August 1, 2029,
in such coin or currency of the United States of America as at the time of
payment shall be legal tender for the payment of public and private debts, and
to pay interest, semi-annually on February 1 and August 1 of each year, on said
principal sum at said office or agency, in like coin or currency, at the rate
per annum specified in the title of this Debenture, from the February 1 or
August 1, as the case may be, next preceding the date of this Debenture to which
interest has been paid or duly provided for, unless the date hereof is a date to
which interest has been paid or duly provided for, in which case from the date
of this Debenture, or unless no Interest has been paid or duly provided for on
the Debentures since the original issue date (as defined in the Indenture
referred to on the reverse hereof) of this Debenture, in which case from the
original issue date, until payment of said principal sum has been made or duly
provided for. Notwithstanding the foregoing, if the date hereof is after January
15 or July 15, as the case may be, and before the following February 1 or August
1, this Debenture shall bear interest from such February 1 or August 1;
provided, however, that if the Company shall default in the payment of interest
on such February 1 or August 1, then this Debenture shall bear interest from the
next preceding February 1 or August 1 to which interest has been paid or duly
provided for, or, if no interest has been paid or duly provided for on the
Debentures since the original issue date (as defined in such Indenture) of this
Debenture, from the original issue date hereof. The interest so payable on any
February 1 or August 1 will, subject to certain exceptions provided in such
Indenture, be paid to the person in whose name this Debenture is registered at
the close of business on the January 15 or July 15, as the case may be, next
preceding such February 1 or August 1, whether or not such January 15 or July 15
is a

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business day, and may, at the option of the Company, be paid by check mailed to
the registered address of such person.

Reference is made to the further provisions of this Debenture set forth on the
reverse hereof. Such further provisions shall for all purposes have the same
effect as though fully set forth at this place.

This Debenture shall not be valid or become obligatory for any purpose until the
certificate of authentication hereon shall have been signed by or on behalf of
the Trustee under such Indenture.

                             ****[end of page 2]***

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IN WITNESS WHEREOF, Masco Corporation has caused this instrument to be executed
in its corporate name by the manual or facsimile signature of its Chairman of
the Board or its President and imprinted with a manual or facsimile of its
corporate seal, attested by the manual or facsimile signature of its Secretary
or an Assistant Secretary.

Dated: August 3, 1999

Masco Corporation

By
   -------------------------------------
   Chairman of the Board

Attest

By
   -------------------------------------
   Secretary

CERTIFICATE OF AUTHENTICIATION

This is one of the securities of the series designated therein referred to in
the within-mentioned indenture.

THE FIRST NATIONAL BANK OF CHICAGO,
   AS TRUSTEE

BY
   -------------------------------------
   AUTHORIZED OFFICER

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                              REVERSE OF DEBENTURES

     This Debenture is one of a duly authorized issue of debentures, notes,
bonds or other evidences of indebtedness of the Company (hereinafter called the
"Securities") of the series hereinafter specified, all issued or to be issued
under and pursuant to an indenture dated as of December 1, 1982 (herein called
the "Indenture"), duly executed and delivered by the Company to The First
National Bank of Chicago (as successor trustee to Morgan Guaranty Trust Company
of New York), Trustee (herein called the "Trustee"), to which Indenture and all
indentures supplemental thereto reference is hereby made for a description of
the rights, limitations of rights, obligations, duties and immunities thereunder
of the Trustee, the Company and holders of the Securities. The Securities may be
issued in one or more series, which different series may be issued in various
aggregate principal amounts, may mature at different times, may bear interest
(if any) at different rates, may be subject to different redemption provisions
(if any), may be subject to different sinking, purchase or analogous funds (if
any), may be subject to different covenants and Events of Default and may
otherwise vary as in the Indenture provided. This Debenture is one of a series
designated as the 7-3/4% Debentures Due August 1, 2029 of the Company, limited
in aggregate principal amount to $300,000,000.

     In case an Event of Default with respect to the 7-3/4% Debentures Due
August 1, 2029 shall have occurred and be continuing, the principal hereof may
be declared, and upon such declaration shall become due and payable, in the
manner, with the effect and subject to the conditions provided in the Indenture.

     The Indenture contains provisions permitting the Company and the Trustee,
with the consent of the holders of not less than 66-2/3% in aggregate principal
amount of the Securities at the time outstanding of all series to be affected
(voting as a class), evidenced as in the Indenture provided, to execute
supplemental indentures adding any provisions to or changing in any manner or
eliminating any of the provisions of the Indenture or of any supplemental
indenture or modifying in any manner the rights of the holders of the Securities
of each such series; provided, however, that no such supplemental indenture
shall (i) extend the final maturity of any Security, or reduce the rate or
extend the time of payment of interest thereon, or reduce the principal amount
thereof or any premium thereon, or reduce any amount payable on redemption
thereof or make the principal thereof or any interest of premium thereon payable
in any coin or currency other than that hereinbefore provided, or impair or
affect the right of any holder to institute suit for payment thereof or the
right of repayment, if any, at the option of the holder, without the consent of
the holder of each Security so affected, or (ii) reduce the aforesaid principal
amount of Securities of all series to be affected, the holders of which are
required to consent to any such supplemental indenture, without the consent of
the holders of all Securities so affected then outstanding. It is also provided
in the Indenture that, with respect to certain defaults or Events of Default
regarding the Securities of any series, prior to any declaration accelerating
the maturity of such Securities, the holders of a majority in aggregate
principal amount of the Securities of such series at the time outstanding (or,
in the case of certain defaults or Events of Default, all the Securities) may on
behalf of the holders of all of the Securities of such series (or all the
Securities, as the case may be) waive any such past default or Event of Default
under the Indenture and its consequences except a default in the payment of
principal of, premium, if any, or interest, if any, on any of the Securities.
Any such consent or waiver by the holder of this

<PAGE>

Debenture (unless revoked as provided in the Indenture) shall be conclusive and
binding upon such holder and upon all future holders and owners of this
Debenture and any Debentures which may be issued in exchange or transfer hereof
or in substitution herefor, irrespective of whether or not any notation thereof
is made upon this Debenture or such other Debentures.

     No reference herein to the Indenture and no provision of this Debenture or
of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and interest on this
Debenture at the place, at the respective times, at the rate and in the coin or
currency herein prescribed.

     The Debentures are issuable in registered form without coupons in
denominations of $1,000 and any multiple of $1,000. Upon due presentment for
registration of transfer of this Debenture at the office or agency of the
Company for such registration in the Borough of Manhattan, The City of New York,
or any other location or locations as may be provided for pursuant to the
Indenture, a new Debenture or Debentures of authorized denominations for an
equal aggregate principal amount will be issued to the transferee in exchange
therefor, subject to the limitations provided in the Indenture, without charge
except for any tax or other governmental charge imposed in connection therewith.

     The Debentures may not be redeemed prior to maturity.

     The Debentures will be subject to defeasance and discharge and to
defeasance of certain obligations as set forth in the Indenture.

     The Company, the Trustee and any agent of the Company or the Trustee may
deem and treat the holder hereof as the absolute hereof (whether or not this
Debenture shall be overdue and notwithstanding any notation of ownership or
other writing hereon), for the purpose of receiving payment of or on account of
the principal hereof and, subject to the provisions on the face hereof, interest
hereon, and for all other purposes, and neither the Company nor the Trustee nor
any such agent shall be affected by any notice to the contrary. All payments
made to or upon the order of such holder shall, to the extent of the sum or sums
paid, effectually satisfy and discharge liability for moneys payable hereon.

     No recourse for the payment of the principal of, or premium, if any, or
interest on this Debenture, or for any claim based hereon or otherwise in
respect hereof, and no recourse under or upon any obligation, covenant or
agreement of the Company in the Indenture or any indenture supplemental thereto
or in any Debenture, or because of the creation of any indebtedness represented
thereby, shall be had against any incorporator, stockholder, officer or
director, as such, past, present or future, of the Company or of any successor
corporation, either directly or through the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law or by
the enforcement of any assessment or penalty or otherwise, all such liability
being, by the acceptance hereof and as part of the consideration for the issue
hereof, expressly waived and released.

<PAGE>

     All terms used in this Debenture which are defined in the Indenture shall
have the respective meanings ascribed to them therein.

     This Debenture shall be deemed to be a contract made under the laws of the
State of New York, and for all purposes shall be construed in accordance with
and governed by the laws of that State.

                             ****[end of page 6]****

<PAGE>

The following abbreviations, where such abbreviations appear on this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM - as tenants in common

TEN ENT - as tenants by the entireties

JT TEN - as joint tenants with right of survivorship and not as tenants in
common

UNIF GIFT MIN ACT - _______________ Custodian _______________
                         (Cust)                   (Minor)

                    under Uniform Gifts to Minors Act _______________
                                                          (State)

Additional abbreviations may also be used though not in the above list.

     FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

--------------------------------------------------------------------------------

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             PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS OF ASSIGNEE

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the within Debenture of MASCO CORPORATION and hereby does irrevocably constitute
and appoint

_________________________________________________ Attorney to transfer the said
Debenture on the books of the within-named Company, with full power of
substitution in the premises.

Dated ______________     ____________________________________________________
                         NOTICE: THE SIGNATURE TO THIS AGREEMENT MUST
                         CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF
                         THE CERTIFICATE IN EVERY PARTICULAR WITHOUT
                         ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}]]