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                                                                    Exhibit 10.3

                FORM OF FINANCIAL SERVICES COOPERATION AGREEMENT

FINANCIAL SERVICES COOPERATION AGREEMENT made as of this ___ day of ______ 2002
by and between Tyco International Ltd., a Bermuda company (together with its
subsidiaries hereinafter referred to as "Tyco") and CIT Group Inc., a Nevada
corporation and immediately prior to the effectiveness of this Agreement, a
wholly-owned subsidiary of Tyco (together with its subsidiaries hereinafter
referred to as "CIT").

The parties are collectively referred to herein as the "Parties" and each
individually is referred to as a "Party". This Financial Services Cooperation
Agreement is referred to as the "Agreement".

WHEREAS

A.    Concurrently with the effectiveness of this Agreement, CIT will no longer
      be a subsidiary of Tyco;

B.    Tyco and CIT recognize that certain customers of Tyco may desire the
      financial services and/or products provided by CIT and that the Parties'
      combined efforts to offer CIT's services and/or products to Tyco customers
      would provide an effective overall solution for Tyco customers and create
      a market advantage for the Parties; and

C.    The Parties intend to identify opportunities for the development of
      financing programs within the capabilities of CIT that relate to
      particular products and services produced, distributed and/or provided by
      Tyco and to develop such programs where the Parties jointly deem
      appropriate.

NOW IT IS HEREBY AGREED AS FOLLOWS:

1.    OBJECTIVE

(a) The principal objective of this Agreement is to establish a framework for
the Parties to jointly develop CIT financing programs under which CIT could
offer Tyco customers financing, leasing, rental and related financial services
and products as a component of Tyco's product, project, service and maintenance
sales.

(b) The financing programs to be developed by the Parties may take the form of
vendor financing programs, dealer financing programs, accounts receivable
purchase programs, finance agreement purchase programs, financing joint
ventures, financial servicing arrangements or such other financing arrangements
as the Parties determine to be appropriate in the circumstances.

(c) CIT may also provide Tyco with other financial services including the
following:

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(i) financial advisory services with respect to project finance undertakings,
equipment acquisitions, capital markets, asset-based and real estate financing
or leasing, and related support services;

(ii) lease, rental and other types of financing services in connection with
acquisition or use of corporate aircraft, railcars, business and manufacturing
equipment, products and services, from third party suppliers; and

(iii) advisory services with respect to structured debt and leasing products,
including structuring of complex financings for syndication in the public or
private capital markets.

(d)        In connection with any or all of the foregoing, CIT may provide Tyco:

(i)        due diligence support and transaction work-plan guidance;

(ii)       early stage structuring support and financial modeling;

(iii)      preliminary opportunity assessment (including transaction
financeability);

(iv)       market validation/distribution support;

(v)        investor identification;

(vi)       preparation of investor information memoranda, as appropriate;

(vii)      project contract support;

(viii)     business development support;

(ix)       referral support; and

(x)        expert advice coordination and sourcing.

(e) Without limiting the generality of the foregoing, the Parties have
identified and currently anticipate discussing the development and
implementation of CIT financing programs which would facilitate for Tyco's
customers:

(i)        commercial and residential purchases of security systems and fire
systems;

(ii)       construction of undersea cable systems, water and wastewater systems,
telecommunication power systems and wireless communication systems; and

(iii)      purchases of products in the healthcare, flow control and electronics
business segments.

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2. COOPERATION

(a) In the interests of pursuing the opportunities contemplated hereby, the
Parties intend:

(i) to identify, evaluate and keep each other reasonably informed about
potential opportunities they may deem appropriate to pursue under this
Agreement;

(ii) from time to time to meet and discuss identified opportunities; and

(iii) to determine whether and how to proceed with the development and
implementation of CIT financing programs that relate to Tyco's products and
services and in which CIT has capabilities.

(b) If and to the extent the Parties mutually determine to establish a financing
program or otherwise pursue a financing opportunity, the Parties will negotiate
the terms and conditions for such program or other opportunity. In addition, and
without limiting the foregoing, with respect to any financing program that the
parties may determine to implement, the Parties will negotiate each Party's
respective obligations and responsibilities with respect to such program and
establish appropriate guidelines for the successful implementation of the
program. These responsibilities and guidelines may address, without limitation:

(i) advertising and promotion of the program;

(ii) training of Tyco personnel by CIT and training of CIT personnel by Tyco, as
necessary to effectively implement the program and maximize the value of the
program to each of the Parties;

(iii) linkage and interaction of the Parties respective support systems as
necessary to effectively implement the program and maximize the value of the
program to each of the Parties;

(iv) pricing policies and fee arrangements; and

(v) customer interaction and support protocols.

(c) The Parties will communicate and negotiate with each other in good faith at
all times.

3.    COMMENCEMENT AND TERM

      This Agreement shall come into force on the date hereof and shall remain
in effect until terminated under Section 8 hereof.

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4.    CONFIDENTIALITY

(a) In connection with the performance of this Agreement and the development and
implementation of CIT financing programs and/or the provision by CIT of
financial services to Tyco as contemplated hereby, each Party ("Disclosing
Party") may have disclosed, or may in the future disclose, to the other Party
("Recipient") certain proprietary and confidential information which shall be
deemed "Confidential Information" for purposes hereof. Confidential Information
includes without limitation proprietary information that belongs to a third
party.

(b) The Recipient agrees to maintain the Confidential Information of the
Disclosing Party in confidence, using at least the same degree of care as it
uses in maintaining as secret its own trade secret, confidential and proprietary
information, but always at least a reasonable degree of care.

(c) The Disclosing Party agrees that the Recipient shall have no obligation
under the provisions of this Section with respect to any Confidential
Information which:

(i) is now or hereafter becomes publicly known other than through a breach
hereof;

(ii) is known by the Recipient prior to its receipt of the Confidential
Information without any obligation of confidentiality with respect thereto; or

(iii) is required to be disclosed by the Recipient by a court of competent
jurisdiction, administrative agency or governmental body, or by law, rule or
regulation, or by applicable regulatory or professional standards, provided that
the Recipient has taken all practicable legal steps to prevent such disclosure;
or

(iv) is disclosed by Recipient in connection with any judicial or other legal
proceeding involving this Agreement or the transactions contemplated hereby.

(d) The Recipient shall limit access to Confidential Information received from
the Disclosing Party to only those personnel of the Recipient who have need of
such access for performance of any work contemplated by this Agreement.

(e) The Disclosing Party shall retain title to all forms of the Confidential
Information. Except as may be required for the performance of this Agreement,
the Recipient shall not copy or reproduce, in whole or in part, any Confidential
Information or summarize or make extracts of Confidential Information without
written authorization of the Disclosing Party.

(f) The Recipient shall use Confidential Information only for purposes
contemplated by this Agreement. Without limiting the immediately preceding
sentence, Confidential Information shall not be used by the Recipient to invent,
create, modify, adapt or manufacture any products or services which would or
could compete with or be used in

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lieu of the Disclosing Party's products or services, whether under this
Agreement or otherwise.

(g) Upon termination of this Agreement or on written request of the Disclosing
Party, the Recipient shall promptly return or destroy all Confidential
Information and copies thereof, except that the Recipient may retain one copy of
such Confidential Information as may be contained as part of its workpapers kept
in accordance with applicable professional standards.

(h) The restrictions contained in this Section shall continue to apply for 3
years after the termination of this Agreement.

5.    PROPRIETARY RIGHTS.

Neither Party, without the express prior written approval of the other Party,
shall use the trademarks, service marks or proprietary words or symbols of the
other Party. Notwithstanding the foregoing, nothing contained in this Agreement
shall affect either Party's rights to use any trademarks, service marks or
proprietary words or symbols of the other Party to properly identify the
products or services of such other Party to the extent otherwise permitted by
applicable law or by written agreement between the Parties.

6.    DEFINITIVE TERMS; EXPENSES; LIABILITY; NATURE OF RELATIONSHIP

(a) All financial programs, services and arrangements contemplated by this
Agreement shall be on terms and conditions to be, or that have been, mutually
agreed to by the Parties and set forth in definitive agreements with respect to
such programs, services or arrangements. Except as may be set forth in such
definitive agreements, neither Party shall have any legal, binding or
enforceable obligations with respect to any such program, service or
arrangement. In the event that any term contained in this Agreement may be
deemed inconsistent with terms which may be included in any such definitive
agreement, whether entered into by the Parties before or after the date hereof,
the terms of such definitive agreement shall govern.

(b) Except as otherwise agreed to by the Parties in writing, all costs, expenses
or disbursements incurred by a Party in connection with this Agreement shall be
borne by that Party.

(c) Neither Party shall be liable to the other under this Agreement for any
amounts representing loss of profit, loss of business or special, indirect,
incidental, consequential or punitive damages, regardless of the form of the
cause of action, whether in contract, statute or tort (including without
limitation negligence), or otherwise.

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(d) In no event will this Agreement or any program developed in accordance with
this Agreement (i) prevent or restrict any Tyco customer from selecting not to
finance their acquisition of Tyco's products or services or from electing to use
an alternative financing source; and (ii) unless expressly agreed to in writing
by the Parties, prevent or otherwise restrict either Party from providing or
purchasing any goods or services to or from any customer, supplier or other
party.

(e) The Parties shall act as independent contractors in the performance of this
Agreement. This Agreement does not create a partnership or joint venture between
the Parties hereto, or the relationship of employer and employee or of principal
and agent, and neither Party shall represent otherwise to a third party. The
employees of one Party shall not be deemed to be employees of the other Party.
Subject to Section 6(a) above and except as may be expressly agreed to by the
parties in writing, if, during the course of this Agreement, the terms "partner"
or "partnership" are used to describe to a third party the relationship between
Tyco and CIT, the Party using such terms shall in such use make clear that those
terms refer only to the spirit of cooperation that exists between Tyco and CIT
and do not describe or create a legal partnership or any responsibility by one
for the obligations or liabilities of the other.

(f) Nothing in this Agreement shall be construed to grant either Tyco or CIT the
right to make commitments of any kind for or on behalf of the other Party
without the other Party's written consent and neither Party shall have any
power, right or authority to bind the other Party or to assume or to create any
obligation or responsibility, whether express or implied on behalf of the other
Party unless previously authorized by such other Party in writing.

(g) Neither Party shall be responsible to any Tyco customer for the quality
of the products and/or services furnished by the other Party. Each Party is
solely responsible for establishing the prices for its own products and
services. In no event shall Tyco or CIT, or the officers, directors,
partners, principals or employees of either Party be liable under or in
connection with this Agreement for any claim or demand against the other, its
officers, directors, partners, principals, employees, agents or
representatives by any third party.

7.    PUBLICITY

Either Party desiring to issue a news release, advertisement or other form of
publicity concerning efforts in connection with this Agreement shall obtain the
written consent of the other Party prior to the release of such publicity which
consent shall not be unreasonably withheld.

8.    TERMINATION

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(a) This Agreement shall terminate upon:

(i) agreement of the Parties hereto in writing to terminate this Agreement;

(ii) the expiry of a period of 90 days following service by a Party of notice of
its intention to terminate; or

(iii) commencement by a Party of any case or proceeding for relief as debtor
under the bankruptcy, insolvency or similar laws of any competent jurisdiction
or consent by a Party in writing to, or failure by a Party to have dismissed or
stayed within 60 days after commencement of, any such case or proceeding
commenced against it (hereinafter referred to as the "Insolvent Party");

provided, however, the provisions of Sections 4, 5, 6(b), 6(c) and 8(b) hereof
shall continue in full force and effect for the period stated therein or, if no
such period is stated, in perpetuity.

(b) Aside from a termination under Section 8(a)(iii), this Agreement shall
continue to apply to any CIT financing programs implemented pursuant hereto
prior to the date of its termination.

9.    NOTICES

Whenever under this Agreement one Party is required or permitted to give notice
to the other, such notice shall be deemed given upon (a) delivery by facsimile
or by hand, provided the same arrives during the recipients normal business
hours, where delivery is outside such hours, delivery shall be deemed to occur
at 9 a.m. on the next working day or (b) in the case of post, ten calendar days
after such notice is mailed by registered or certified United States mail,
return receipt requested, postage prepaid, and addressed to the addressee at its
address set forth below.

Tyco International Ltd.                         CIT Group Inc.

The Zurich Centre, Second Floor                 1 CIT Drive

90 Pitts Bay Road                               Livingston, NJ 07039

Pembroke HM 08, Bermuda                         Telecopy: (973) 740-5087

Telecopy: (441) 295-9647                        Confirm: (973) 740-5000

Confirm: (441) 292-8674                         Attn: General Counsel

Attn: Chief Corporate Counsel and Chief
Financial Officer

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10.        ASSIGNMENT/NOVATION; WAIVER

(a) This Agreement or any right, obligation or interest hereunder shall not be
assignable, transferable or otherwise alienable by either Party or by operation
of law or otherwise except with the prior written consent of the other Party,
such consent not to be unreasonably withheld. For purposes of this subsection a
direct or indirect change in control of either Party shall be deemed an
assignment but such assignment may not be effected without the prior written
consent of the Parties.

(b) The failure of either Party to enforce, or delay in enforcing, in any one or
more instances, any of the terms or conditions of this Agreement shall not be
construed as a waiver of the future performance of any such term or condition.

11.        CHOICE OF LAW

This Agreement shall be governed and construed pursuant to the laws of the State
of New York without giving effect to the choice of law principles thereof.

12.        ENTIRE AGREEMENT; CONFLICT OF AGREEMENTS

Subject to Section 6(a) hereof, this Agreement constitutes the entire
understanding of the Parties hereto, and supersedes any and all prior written
agreements, commitments, understandings or communications, in each case with
respect to the subject matter of this Agreement, and any modification hereto
shall be in writing and signed by both Parties hereto.

13.        DISPUTE RESOLUTION

(a) Any dispute, controversy or claim arising out of or in connection with this
Agreement shall be finally determined and settled by arbitration in accordance
with the CPR Institute for Dispute Resolution Rules for non-Administered
Arbitration (the "Rules") by three arbitrators in the County of New York, State
of New York. Each of the parties hereto shall appoint one arbitrator in
accordance with the Rules. The two arbitrators so appointed shall appoint a
third arbitrator within thirty (30) days after the second of the two arbitrators
is appointed in accordance with the Rules. If the third arbitrator is not
appointed within thirty (30) days of the appointment of the second arbitrator,
the third arbitrator shall be appointed from the CPR National Panel of
Distinguished Neutrals in accordance with the Rules. The party-appointed
arbitrators shall not be subject to disqualification. Any decision in such
arbitration shall be final, conclusive and binding upon the parties to the
arbitration and may be enforced by the judgment and order of the Supreme Court
of the State of New York for New York

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County and the parties hereto hereby waive any objection to such jurisdiction or
venue in any such proceeding commenced in such court. The arbitrators are not
empowered to award damages in excess of compensatory damages and each party
expressly waives and foregoes any right to punitive, exemplary or similar
damages unless a statute requires that compensatory damages be increased in a
specified manner.

(b) Notwithstanding the provisions of Section 13(a), any party may elect (but
shall not be required) to commence an action for specific performance of any
provision of this Agreement in any court of competent jurisdiction in the County
of New York, State of New York, and in any such action such court shall be
authorized to grant injunctive or any other form of equitable relief, including
without limitation temporary or preliminary relief, but shall not be authorized
to award any form of monetary relief other than actual out-of-pocket costs and
fees in connection with such action as such court shall determine is appropriate
under the circumstances. The parties hereby waive any objection to jurisdiction
or venue in any such court specified in this Section 13(b). An election to
commence such an action shall not affect a party's right to seek monetary
damages in an arbitration proceeding pursuant to the provisions of Section
13(a).

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IN WITNESS WHEREOF the Parties hereto have caused these presents to be executed
as of the day and year first above written.

TYCO INTERNATIONAL LTD.                   CIT GROUP INC.

By:                                       By:
    -------------------------------           -------------------------------
Printed                                   Printed
Name:                                     Name:
      -----------------------------             -----------------------------
Title:                                    Title:
       ----------------------------              ----------------------------

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                                                                   Exhibit 10.27

                             FORM OF TAX AGREEMENT

      TAX AGREEMENT (this "AGREEMENT"), dated as of [________], 2002, by and
between Tyco International Ltd., a Bermuda company ("TYCO") and CIT Group Inc.
(Del), a Delaware corporation ("CIT").

                                   RECITALS

      WHEREAS, as of the date of this Agreement, Tyco is the owner of all of
the issued and outstanding capital stock of CIT;

      WHEREAS, (i) CIT Group Inc. ("CIT NEVADA"), a Nevada corporation and a
wholly owned subsidiary of Tyco Capital Holding Inc. ("TCH"), a Nevada
corporation, merged with and into TCH (the "UPSTREAM MERGER") and (ii) TCH
thereafter merged with and into CIT (together with the Upstream Merger, the
"MERGERS");

      WHEREAS, the Tyco Board of Directors and the CIT Board of Directors have
each determined that it is appropriate and desirable for CIT to separate from
Tyco (the "SEPARATION") through the sale by Tyco or a wholly-owned subsidiary of
Tyco of all the shares of capital stock of CIT that it beneficially owns in an
underwritten initial public offering (the "IPO"); and

      WHEREAS, in connection with the Separation, Tyco and CIT wish to set forth
an agreement relating to (i) payments to be made by CIT to Tyco upon CIT's
realization of benefits attributable to the TCH Tax Attributes, (ii) Tyco's
indemnification of CIT with respect to certain Taxes and (iii) certain other
matters relating to Taxes as set forth herein;

      NOW, THEREFORE, in consideration of the mutual agreements, provisions and
covenants contained in this Agreement, Tyco and CIT hereby agree as follows:

                                  ARTICLE I

                                 DEFINITIONS

      Section 1.01 DEFINITIONS. As used in this Agreement, the following terms
shall have the following meanings:

      "CIT RETURN" means any U.S. federal income Tax Return required to be filed
by CIT and its subsidiaries or affiliates.

      "RATE" means the long-term rate within the meaning of Section 1274(d) of
the U.S. Internal Revenue Code of 1986, as amended, compounded semi-annually.

      "SEPARATION DATE" means the date and time of the closing of the IPO, or,
if there shall be more than one such closing, the initial closing thereof.

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      "TAX" or "TAXES" means any income or other income-based tax (including
alternative minimum tax and estimated income taxes) imposed by any U.S. or
non-U.S. governmental entity or political subdivision thereof, and any interest,
penalties, additions to tax or additional amounts in respect of the foregoing.

      "TAX AUTHORITY" means, with respect to any Tax, the governmental entity or
political subdivision thereof that imposes such Tax and the agency (if any)
charged with the collection of such Tax for such entity or subdivision.

      "TAX CONTEST" means an audit, review, examination or any other
administrative or judicial proceeding with the purpose or effect of
redetermining Taxes related to (a) Taxes for which CIT may seek indemnification
from Tyco under this Agreement or (b) the TCH Tax Attributes.

      "TAX RETURN" means any report of Taxes due, any claims for refund of Taxes
paid, any report for estimated Taxes, any information return with respect to
Taxes or any other similar report, statement, declaration or document required
to be filed under any Tax law or any agreement with any Tax Authority,
including, without limitation, any attachments, exhibits or other materials
submitted with any of the foregoing, including, without limitation, any
amendments or supplements to any of the foregoing.

      "TCH TAX ATTRIBUTE" means any Tax attribute of TCH (on a non-consolidated
basis) existing as of the Upstream Merger Date, including without limitation,
net operating losses, capital losses, credits and carryforwards thereof,
realized by TCH and reported on its Tax Returns for the taxable years ending on
or prior to May 31, 2002 on the basis of the books and records of TCH provided
by Tyco to CIT.

      "TCH TAX BENEFIT" means the amount of any reduction in Tax of CIT for a
Taxable period ending after the Separation Date attributable to a TCH Tax
Attribute; PROVIDED, HOWEVER, that no reduction in Tax shall be "attributable to
a TCH Tax Attribute" until all CIT net operating loss carrybacks and
carryforwards are fully utilized to the extent allowed by law.

      "UPSTREAM MERGER DATE" means the date on which the Upstream Merger became
effective.

                                  ARTICLE II

                               INDEMNIFICATION

      Section 2.01 INDEMNIFICATION AGAINST TAX CLAIMS.

      Tyco shall indemnify, defend and hold harmless CIT and its subsidiaries
and affiliates from and against all losses and liabilities, including all
reasonable costs and expenses (legal, accounting or otherwise as such costs are
incurred) relating thereto, including any reasonable costs or expenses of
enforcing any indemnity hereunder, arising from or relating to:

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      (i) any liability for Taxes imposed on TCH or CIT (in each case determined
      on a non-consolidated basis) for any and all Taxable periods ending on or
      prior to the Upstream Merger Date and, with respect to a Taxable period
      beginning before but ending after the Upstream Merger Date, the portion of
      such Taxable period ending on the Upstream Merger Date (determined as if
      the Taxable period actually ended on the Upstream Merger Date); PROVIDED,
      HOWEVER, that such indemnifiable Taxes shall exclude any liability for
      Taxes (x) attributable to CIT Nevada and its subsidiaries (but shall not
      exclude any liability for Taxes attributable to any other subsidiary of
      TCH) imposed on TCH as a result of United States Treasury Regulation
      ss.1.1502-6 or other similar provision of state, local or non-U.S. law or
      (y) otherwise relating to the business or activities of CIT Nevada and its
      subsidiaries, except as otherwise set forth in this Article II;

      (ii)  any liability of CIT, CIT Nevada or TCH for any Taxes imposed as
      a result of the Mergers;

      (iii) any liability for penalties imposed by a Tax Authority on CIT or any
      of its affiliates for the late filing of any CIT federal income Tax
      Return, or the late payment of any Tax related to any CIT federal income
      Tax Return, prepared by, or under the direction of, Tyco in respect of any
      Taxable period ending on December 31, 2000 or June 1, 2001 (with respect
      to the predecessor of CIT Nevada) or May 31, 2001 (with respect to TCH);

      (iv) any liability for federal income Taxes, New York and New Jersey
      income Taxes and income Taxes of any other state for which a unitary
      return was filed, imposed on CIT, CIT Nevada or TCH for a Taxable period
      ending on December 31, 2000 or June 1, 2001 (with respect to the
      predecessor of CIT Nevada) or May 31, 2001 (with respect to TCH) resulting
      from a Tax position reflected on any applicable CIT income Tax Return,
      prepared by, or under the direction of, Tyco which was taken by Tyco in a
      manner that was inconsistent with CIT's past practices; and

      (v) any liability for Taxes resulting from CIT not withholding on any
      payments made to Tyco pursuant to Section 4.02;

PROVIDED, HOWEVER, that, notwithstanding anything in this Section 2.01 to the
contrary, Tyco shall not be required to indemnify CIT for any losses or
liabilities arising from or relating to any liability for Taxes resulting from a
claim for refund on Form 1139 filed by or on behalf of the predecessor of CIT
Nevada on May 30, 2002.

      Section 2.02 PAYMENT. Tyco shall pay any amount owing to CIT under Section
2.01 within fifteen (15) days of written demand by CIT.

                                 ARTICLE III

                                 CIT REFUNDS

      CIT shall be entitled to receive and retain any refund of Taxes
attributable to CIT, except as otherwise provided in Article IV. If Tyco
receives any refund of Taxes to which CIT is

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entitled pursuant to this Article III, Tyco shall promptly notify CIT and shall
pay CIT the amount of such refund within fifteen (15) days of the receipt of
such amount.

                                  ARTICLE IV

                              TCH TAX ATTRIBUTES

      Section 4.01 CIT STATEMENTS. On or before (i) the due date, including
extensions, for the filing by CIT of a Tax Return (other than a Tax Return for
estimated Taxes or for a state or local jurisdiction with respect to which CIT
cannot reasonably be expected to realize a present or future TCH Tax Benefit),
(ii) the date of filing by CIT of an amended Tax Return or claim for refund of
Taxes or (iii) the date a final adjustment is made to the amount of income or
loss reflected on CIT's Tax Returns, CIT shall provide Tyco with a statement and
supporting schedules certified by a responsible officer of CIT setting forth (x)
the amount of Taxes, if any, required to be paid as reflected on such Tax
Return, and (y) the amount of Taxes that CIT would be required to pay as
reflected on such Tax Return, if such Tax Return was, and all prior Tax Returns
were, prepared, without taking into account the TCH Tax Attributes.

      Section 4.02 PAYMENTS. If CIT utilizes any TCH Tax Attribute, resulting in
a TCH Tax Benefit, CIT shall promptly notify Tyco and shall pay Tyco, within
fifteen (15) days after the expiration of the statute of limitations for the
Taxable year for which such TCH Tax Attribute was utilized, (x) the amount of
such TCH Tax Benefit plus (y) interest on such amount accrued at the Rate from
the date that the TCH Tax Benefit was realized through the expiration of such
applicable statute of limitations. CIT shall not withhold on any payment made to
Tyco pursuant to this Section 4.02, provided that on or prior to the date of
payment Tyco provides CIT with an opinion of counsel that such payment should
not be subject to federal income tax withholding.

                                  ARTICLE V

                                 TAX CONTESTS

      Section 5.01 NOTICE OF TAX CONTESTS.

      (a) CIT and any of its affiliates shall notify Tyco in writing promptly,
and in all events within fifteen (15) days, after learning of any pending or
threatened Tax Contest. Each notice shall contain factual information (to the
extent known) describing any asserted Tax liability in or the scope of any audit
under such Tax Contest in reasonable detail and shall be accompanied by copies
of any notice and other documents received from any Tax Authority in respect of
any such matters.

      (b) The failure of CIT to give such notice of a Tax Contest relating to
Taxes in accordance with Section 5.01(a) for which CIT may seek indemnification
from Tyco under this Agreement shall relieve Tyco of its indemnification
obligations under this Agreement with respect to any matter related to such Tax
Contest, if and only if Tyco demonstrates that it was prejudiced in the defense
of such Tax Contest by the failure of CIT to give such notice. If CIT fails to
give Tyco such notice of a Tax Contest relating to a TCH Tax Attribute and Tyco
demonstrates that it was prejudiced in the defense of such Tax Contest by the
failure of CIT to

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give such notice, then CIT's obligations pursuant to Section 4.02 will be
determined without taking into account any disallowance of such TCH Tax
Attribute as a result of such Tax Contest.

      Section 5.02 CONTROL OF DEFENSE.

      (a) Tyco shall control (itself or through an affiliate) the defense or
settlement of any Tax Contest, except to the extent that Tyco notifies CIT in
writing that it will not control the defense or settlement of such Tax Contest.

      (b) Without the prior written consent of CIT, which shall not be
unreasonably withheld, delayed or conditioned, Tyco shall not agree to any
settlement of a Tax Contest that could affect the Tax liability of CIT that is
not fully indemnifiable hereunder and that does not relate to the TCH Tax
Attributes.

      (c) Subject to Tyco's control rights, as specified herein, CIT may
participate in the investigation and defense of any Tax Contest, at its own
expense.

      (d) CIT shall not compromise or settle any Tax Contest without the prior
written consent of Tyco.

      (e) Each of CIT and Tyco shall keep the other timely informed of any and
all developments in any Tax Contest and shall provide the other with copies of
any notices, papers or documents received from or submitted to any Tax Authority
in connection with such Tax Contest.

      Section 5.03 COOPERATION.

      (a) At all times from and after the Separation Date, CIT shall, and shall
cause its affiliates to, cooperate with Tyco in the filing of, or any Tax
Contest relating to, any Tax Return and any other matters relating to Taxes and,
in connection therewith, shall (i) maintain appropriate books and records for
any and all applicable Taxable periods or any portion thereof (ii) make
available to Tyco, its counsel and other representatives all information and
documents reasonably available to them which relate to any Tax Contest; (iii)
execute and deliver such consents, elections, powers of attorney and other
documents that may be required or appropriate for the proper filing of any such
Tax Return or in conjunction with any Tax Contest relating to any such Tax
Return; and (iv) use commercially reasonable efforts to make available to Tyco,
upon written request, its and its affiliates' officers, directors, employees and
agents, as witnesses or for purposes of providing information or documents to
the extent that such persons or entities may reasonably be required in
connection with the investigation, defense or settlement of any Tax Contest or
for purposes of responding to inquiries of any other party or any Tax Authority
relating to such Tax Contest or Tax Return.

      (b) At all times from and after the Separation Date, Tyco shall, and shall
cause its affiliates to, cooperate with CIT in the filing of, or any Tax Contest
relating to, any CIT Return for Taxable periods ending on or prior to, or
including, the Separation Date and any other matters relating to Taxes for such
Taxable periods and, in connection therewith, shall (i) maintain appropriate
books and records for any and all such applicable Taxable periods or any portion
thereof; (ii) make available to CIT, its counsel and other representatives all
information and

                                      -5-
<Page>

documents reasonably available to them which relate to any such CIT Return;
(iii) execute and deliver such consents, elections, powers of attorney and other
documents that may be required or appropriate for the proper filing of any such
CIT Return; and (iv) use commercially reasonable efforts to make available to
CIT, upon written request, its and its affiliates' officers, directors,
employees and agents, for purposes of providing information or documents or for
purposes of responding to inquiries of any other party or any Tax Authority
relating to such CIT Returns.

                                  ARTICLE VI

              RETENTION OF RECORDS, TAX RETURNS, CONFIDENTIALITY

      Section 6.01 RETENTION OF RECORDS. CIT and its affiliates shall retain all
documents, records and other information relating to Taxes that are
indemnifiable hereunder and to the TCH Tax Attributes until the expiration of
the applicable statute of limitations.

      Section 6.02 RETURN OF RECORDS. Within fifteen (15) days of the Separation
Date, Tyco shall return to CIT any and all Tax documents including, without
limitation, records, returns, schedules, documents, work papers or other
relevant materials which are related to the businesses, assets, or properties
heretofore or hereafter conducted or owned by TCH or CIT and its past, present
and future subsidiaries. No documents referred to in the preceding sentence
shall be destroyed or otherwise disposed of at any time by Tyco without the
prior written consent of CIT.

      Section 6.03 PREPARATION OF TAX RETURNS FOR THE TAXABLE YEAR ENDED MAY 31,
2002. CIT shall prepare and file all CIT Returns for the taxable period ending
on May 31, 2002 (the "2002 RETURNS"). Tyco shall timely provide CIT such
information and documents as may be reasonably requested by CIT in connection
with the preparation of such Tax Returns. CIT shall prepare the 2002 Returns on
the basis of the books and records of TCH (as provided by Tyco to CIT), and CIT
shall provide Tyco with a copy of, and the opportunity to review, the 2002
Returns at least thirty (30) days prior to the due date, including extensions,
of the 2002 Returns. CIT shall make any changes to the 2002 Returns relating to
TCH as may be reasonably requested by Tyco within fifteen (15) days of Tyco's
receipt of a copy of the 2002 Returns. CIT shall not carry back any net
operating loss of CIT or its affiliates, including TCH and CIT Nevada, with
respect to the Taxable period ending on May 31, 2002 to any prior period without
the prior written consent of Tyco (and subject to such further terms and
conditions as may be agreed to by Tyco and CIT).

      Section 6.04 RIGHT TO REVIEW TAX RETURNS. CIT shall make its Tax Returns
and related workpapers available for review by Tyco, if requested, to the extent
that Tyco reasonably determined that it must inspect such Tax Returns to confirm
CIT's compliance with the terms of Article IV of this Agreement. Tyco and CIT
shall attempt in good faith to resolve any issues arising out of the review of
such Tax Returns.

      Section 6.05 CONSISTENT TREATMENT. CIT shall not (i) take any position on
any Tax Return or otherwise (whether with any Tax Authority or in any court
proceeding or with any third party) that is inconsistent with the amount of the
TCH Tax Attributes, unless, and only to the extent that, a final determination
is made to the contrary, (ii) otherwise engage in any action

                                      -6-
<Page>

outside the ordinary course of business or make any election that could reduce
or eliminate the full utilization of the TCH Tax Attributes or (iii) take any
action or make any election that could increase the liability for Taxes imposed
on TCH and indemnified by Tyco pursuant to this Agreement.

      Section 6.06 NETTING OF PAYMENTS. Notwithstanding anything in this
Agreement to the contrary, any amount that CIT is required to pay Tyco pursuant
to this Agreement shall first be applied to offset any payments that Tyco is
required to make to CIT pursuant to this Agreement until such payments are made
in full, and only then shall CIT have the obligation to pay Tyco the remainder
of the amount due. Any amount that Tyco is required to pay CIT pursuant to this
Agreement shall first be applied to offset any payments CIT is required to make
to Tyco pursuant to this Agreement until such payments are made in full, and
only then shall Tyco have the obligation to pay CIT the remainder of the amount
due.

      Section 6.07 CONFIDENTIALITY.

      (a) Subject to any contrary requirement of law and the right of each party
to enforce its rights hereunder in any legal action, each party shall keep
strictly confidential, and shall use its commercially reasonable efforts to
cause its affiliates and representatives to keep strictly confidential, any
information it may have relating to any Taxes indemnifiable hereunder and the
TCH Tax Attributes, including, in the case of Tyco, any information furnished by
CIT to Tyco pursuant to Sections 5.03 and 6.04 ("CONFIDENTIAL INFORMATION");
PROVIDED, HOWEVER, that such obligation to maintain confidentiality shall not
apply to information which: (i) at the time of disclosure was in the public
domain, not as a result of improper acts by the disclosing party; (ii) is
received by the disclosing party from a third party who did not receive such
information from the other party under an obligation of confidentiality; or
(iii) subject to the provisions of Section 6.07(b) below, is compelled to be
disclosed by judicial or administrative process or, in the opinion of such
person's or entity's counsel, by other requirements of law. Notwithstanding the
foregoing, each of Tyco and CIT shall be deemed to have satisfied its
obligations under this 6.07 with respect to any Confidential Information if it
exercises the same care with regard to such information as it takes to preserve
the confidentiality of its own similar information.

      (b) If at any time either Tyco or CIT either determines on the advice of
its counsel that it is required to disclose any Confidential Information
pursuant to applicable law or receives any demand under lawful process of any
governmental authority or arbitration tribunal to disclose or provide
Confidential Information, such party shall notify the other party prior to
disclosing or providing such Confidential Information and shall cooperate at the
expense of the requesting party in seeking any reasonable protective
arrangements requested by such other party.

                                 ARTICLE VII

                                MISCELLANEOUS

      Section 7.01 ENTIRE AGREEMENT; CONSTRUCTION. This Agreement shall
constitute the entire agreement between Tyco and CIT with respect to the subject
matter hereof and shall supersede all previous negotiations, commitments and
writings with respect to such subject

                                      -7-
<Page>

matter. Notwithstanding any other provisions in this Agreement to the contrary,
in the event and to the extent that there shall be a conflict between the
provisions of this Agreement and the provisions of the Separation Agreement
between Tyco and CIT dated as of __, the provisions of this Agreement shall
control.

      Section 7.02 GOVERNING LAW. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without regard
to the principles of conflicts of laws thereof.

      Section 7.03 NOTICES. All notices, requests, claims, demands and other
communications hereunder shall be in writing and shall be delivered by hand,
mailed by registered or certified mail (return receipt requested), or sent by
telecopy (confirmed by regular, first-class mail), to Tyco and CIT at the
following addresses (or at such other addresses for a party as shall be
specified by like notice) and shall be deemed given on the date on which such
notice is received:

      if to Tyco:        Tyco International Ltd.
                         The Zurich Centre, Second Floor
                         90 Pitts Bay Road
                         Pembroke HM 08, Bermuda
                         Telecopy: (441) 295-9647
                         Confirm: (441) 292-8674
                         Attn: Chief Corporate Counsel and Chief Financial
                         Officer

      if to CIT:         CIT Group Inc. (Del)
                         1 CIT Drive
                         Livingston, NJ 07039
                         Telecopy: (973) 740-5087
                         Confirm: (973) 740-5000
                         Attn: General Counsel

      Section 7.04 AMENDMENTS. This Agreement may not be modified or amended
except by an agreement in writing signed by Tyco and CIT.

      Section 7.05 SUCCESSORS AND ASSIGNS. The rights under this Agreement may
not be assigned and duties may not be delegated by any party without the written
consent of the other parties; PROVIDED, HOWEVER, that Tyco may assign its rights
to payments from CIT pursuant to Article IV of this Agreement without the
consent of CIT. This Agreement and all of the provisions hereof shall be binding
upon and inure to the benefit of Tyco and CIT and their respective successors
and permitted assigns.

      Section 7.06 NO THIRD PARTY BENEFICIARIES. This Agreement is solely for
the benefit of Tyco and CIT and their respective affiliates and is not intended
to confer upon any other persons or entities any rights or remedies hereunder.

      Section 7.07 TITLES AND HEADINGS. Titles and headings to sections herein
are inserted for convenience of reference only and are not intended to be part
of or to affect the meaning or interpretation of this Agreement.

                                      -8-
<Page>

      Section 7.08 LEGAL ENFORCEABILITY. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof. Any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. Without prejudice to any
rights or remedies otherwise available to any party hereto, each party hereto
acknowledges that damages would be an inadequate remedy for any breach of the
provisions of this Agreement and agrees that the obligations of Tyco and CIT
shall be specifically enforceable.

      Section 7.09 SURVIVAL. The rights and obligations of each of the parties
hereto and any of the liabilities related thereto shall survive the Separation
and any sale, reorganization or transfer of all or part of CIT until the
expiration of the applicable statute of limitations.

      Section 7.10 NO WAIVERS. No failure by any party hereto to take any action
or assert any right hereunder shall be deemed to be a waiver of such right in
the event of the continuation or repetition of the circumstances giving rise to
such right, unless expressly waived in writing by the party against whom the
existence of such waiver is asserted.

      Section 7.11 COUNTERPARTS. This Agreement may be executed in counterparts
(by original or facsimile signature), each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument.

      Section 7.12 PERFORMANCE. Each party hereto shall cause to be performed,
and hereby guarantees the performance of, all actions, agreements and
obligations set forth herein to be performed by any affiliate or representative
of such party.

      Section 7.13 DISPUTE RESOLUTION.

      (a) Any dispute, controversy or claim arising out of or in connection with
this Agreement (other than as set forth in Section 7.13(b) below) shall be
finally determined and settled by arbitration in accordance with the CPR
Institute for Dispute Resolution Rules for non-Administered Arbitration (the
"RULES") by three arbitrators in the County of New York, State of New York. Each
of the parties hereto shall appoint one arbitrator in accordance with the Rules.
The two arbitrators so appointed shall appoint a third arbitrator within thirty
(30) days after the second of the two arbitrators is appointed in accordance
with the Rules. If the third arbitrator is not appointed within thirty (30) days
of the appointment of the second arbitrator, the third arbitrator shall be
appointed from the CPR National Panel of Distinguished Neutrals in accordance
with the Rules. The party-appointed arbitrators shall not be subject to
disqualification. Any decision in such arbitration shall be final, conclusive
and binding upon the parties to the arbitration and may be enforced by the
judgment and order of the Supreme Court of the State of New York for New York
County and the parties hereto hereby waive any objection to such jurisdiction or
venue in any such proceeding commenced in such court. The arbitrators are not
empowered to award damages in excess of compensatory damages and each party
expressly waives and foregoes any right to punitive, exemplary or similar
damages unless a statute requires that compensatory damages be increased in a
specified manner.

                                      -9-
<Page>

      (b) If after good faith negotiations the parties cannot agree on any
matter of Tax law as it relates to this Agreement, then such matter will be
referred to a nationally recognized accounting firm acceptable to each of the
parties (the "Accounting Firm"). The Accounting Firm shall furnish written
notice to the parties of its resolution of any such disagreement as soon as
practical, but in any event no later than 45 days after its acceptance of the
matter for resolution. Any such resolution by the Accounting Firm will be
conclusive and binding on all parties to this Agreement. Each party shall pay
its own fees and expenses (including the fees and expenses of its
representatives) incurred in connection with the referral of the matter to the
Accounting Firm. All fees and expenses of the Accounting Firm in connection with
such referral shall be shared equally by the parties affected by the matter.

      (c) Notwithstanding the provisions of Section 7.13(a) and (b), any party
may elect (but shall not be required) to commence an action for specific
performance of any provision of this Agreement in any court of competent
jurisdiction in the County of New York, State of New York, and in any such
action such court shall be authorized to grant injunctive or any other form of
equitable relief, including without limitation temporary or preliminary relief,
but shall not be authorized to award any form of monetary relief other than
actual out-of-pocket costs and fees in connection with such action as such court
shall determine is appropriate under the circumstances. The parties hereby waive
any objection to jurisdiction or venue in any such court specified in this
Section 7.13(c). An election to commence such an action shall not affect a
party's right to seek monetary damages in an arbitration proceeding pursuant to
the provisions of Section 7.13(a).

      Section 7.14 COMPLIANCE WITH LAW. Nothing in this Agreement shall require
either party to take any action or omit to take any action in violation of
applicable law.

      Section 7.15 EFFECTIVENESS; TERMINATION. The effective time and date of
each undertaking or agreement under this Agreement shall be the Separation Date.
At any time until the Separation Date, the Tyco Board of Directors may, in its
sole discretion for any reason, postpone, withdraw, cancel or abandon the
Separation, in which event, Tyco may terminate this Agreement.

                [Remainder of page intentionally left blank.]

                                      -10-
<Page>

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

                                    TYCO INTERNATIONAL LTD.

                                    By:   _________________________
                                          Name:
                                          Title:

                                    CIT GROUP INC.(DEL)

                                    By:   _________________________
                                          Name:
                                          Title:

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