Document:

This Note is a Global Security within
the meaning of the Indenture hereinafter referred to and is registered in the
name of the Depository named below or a nominee of the
Depository.  This Note is not exchangeable for Notes registered in the
name of a Person other than the Depository or its nominee except in the limited
circumstances described herein and in the Indenture, and no transfer of this
Note (other than a transfer of this Note as a whole by the Depository to a
nominee of the Depository or by a nominee of the Depository to the Depository or
another nominee of the Depository) may be registered except in the limited
circumstances described herein.

    

    Unless this certificate is presented
by an authorized representative of The Depository Trust Company, a New York
corporation (the "Depository"), to the Company or its agent for registration of
transfer, exchange, or payment, and any certificate issued is registered in the
name of Cede & Co. or in such other name as is requested by an authorized
representative of the Depository (and any payment is made to Cede & Co. or
to such other entity as is requested by an authorized representative of the
Depository), 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.

    

    CITIGROUP
INC.

    Floating
Rate Notes due August 13, 2013

     

    
      	
              REGISTERED

            	
              REGISTERED

            
	 
      	 
      
	 
      	
              CUSIP:
      172967 FG 1

            
	 
      	
              ISIN:
      US172967FG13

            
	 
      	
              Common
      Code: 053296882

            
	 
      	 
      
	
              No.
      R-

            	
              $

            

    

    

    CITIGROUP INC., a Delaware
corporation (the "Company", which term includes any successor Person under the
Indenture), for value received, hereby promises to pay to Cede & Co., or
registered assigns, the principal sum of $___________ on August 13, 2013 and to
pay interest thereon from and including August 13, 2010 or from the most recent
Interest Payment Date to which interest has been paid or duly provided for,
monthly, on the thirteenth day of each February, May, August and November,
commencing November 13, 2010, at the rate per annum for each Interest Period of
three-month LIBOR, determined as provided herein, plus 2.000% until the
principal hereof is paid or made available for payment.  The interest
so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in the Indenture, be paid to the Person in whose name
this Note is registered at the close of business on the Record Date for such
interest, which shall be the Business Day immediately preceding such Interest
Payment Date.

    

    Any such interest not so punctually
paid or duly provided for will forthwith cease to be payable to the holder on
such Record Date and may either be paid to the Person in whose name this Note is
registered at the close of business on a subsequent Record Date, such subsequent
Record Date to be not less than five days prior to the date of payment of such
defaulted interest, notice whereof shall be given to holders of Notes of this
series not less than 15 days prior to such subsequent Record Date, or be paid at
any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Notes of this series may be listed, and
upon such notice as may be required by such exchange, all as more fully provided
in the Indenture.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    Interest
hereon will be calculated on the basis of the actual number of days elapsed in
an Interest Period and a 360-day year.  Dollar amounts resulting from
such calculation will be rounded to the nearest cent, with one-half cent being
rounded upward.  An "Interest Period" shall be the period from and
including an Interest Payment Date (or from August 13, 2010 in the case of the
first Interest Payment Date) to and including the day immediately preceding the
next Interest Payment Date.

    

    If an
Interest Payment Date falls on a day that is not a Business Day, such Interest
Payment Date will be the next succeeding Business Day.  If the
Maturity of the Notes falls on a day that is not a Business Day, the payment due
on Maturity will be postponed to the next succeeding Business Day, and no
further interest will accrue in respect of such postponement.  If a
date for payment of interest or principal on the Notes falls on a day that is
not a business day in the place of payment, such payment will be made on the
next succeeding business day in such place of payment as if made on the date the
payment was due.  No interest will accrue on any amounts payable for
the period from and after the due date for payment of such principal or
interest.

    

    For these purposes, “Business Day”
means any day which is a day on which commercial banks settle payments and are
open for general business in The City of New York.

    

    Payment of the principal of and
interest on this Note will be made at the office or agency of the Trustee
maintained for that purpose in The City of New York.

    

    Reference is hereby made to the
further provisions of this Note set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set forth at this
place.

    

    Unless the certificate of
authentication hereon has been executed by the Trustee or by an authenticating
agent on behalf of the Trustee by manual signature, this Note shall not be
entitled to any benefit under the Indenture or be valid or obligatory for any
purpose.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

       

    

    IN WITNESS WHEREOF, the Company has
caused this instrument to be duly executed under its corporate
seal.

    

    Dated:  August
13, 2010

     

    
      	 	      
              CITIGROUP
      INC.

              

              By:_________________________________

              Title:  Treasurer

            

    

    

    

    ATTEST:

    

    By:___________________________

    Title:  Assistant
Secretary

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    This is one of the Notes of the
series issued under the within-mentioned Indenture.

    

    Dated:  August
13, 2010

    
    

     

    
      	 	      
              THE
      BANK OF NEW YORK MELLON,

              as
      Trustee

               

              By:_________________________________

                    Name:

                    Title:

              

              

              -or-

              

              

              CITIBANK,
      N.A.,

              as
      Authenticating Agent

               

              By:_________________________________

                    Name:

                    Title:

            

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    This Note is one of a duly authorized
issue of Securities of the Company (the "Notes"), issued and to be issued in one
or more series under the Indenture, dated as of March 15, 1987 (as amended and
supplemented to date, the "Indenture"), between the Company and The Bank of New
York Mellon, formerly known as The Bank of New York, as Trustee (the "Trustee",
which term includes any successor trustee under the Indenture), to which
Indenture and all indentures supplemental thereto reference is hereby made for a
statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee and the holders of the Notes and of the
terms upon which the Notes are, and are to be, authenticated and
delivered.  This Note is one of the series designated on the face
hereof, initially limited in aggregate principal to $750,000,000.

    

    This Note will bear interest for each
Interest Period at a rate determined by Citibank, N.A., acting as Calculation
Agent.  The interest rate on this Note for a particular Interest
Period will be a per annum rate equal to three-month LIBOR as determined on the
related Interest Determination Date, plus 2.000%.  The Interest
Determination Date for an Interest Period will be the second London business day
preceding such Interest Period.  The Interest Determination Date for
the first Interest Period was August 11, 2010.  Promptly upon
determination, the Calculation Agent will inform the Trustee and the Company of
the interest rate for the next Interest Period.  Absent manifest
error, the determination of the interest rate by the Calculation Agent shall be
binding and conclusive on the holders of Notes, the Trustee and the
Company.

    

    A London business day is a day on which
dealings in deposits in U.S. dollars are transacted in the London interbank
market.

    

    On any Interest Determination Date,
LIBOR will be equal to the offered rate for deposits in U.S. dollars having an
index maturity of six months for the next Interest Period, in amounts of at
least $1,000,000, as such rate appears on Reuters Screen LIBOR01 at
approximately 11:00 a.m., London time, on such Interest Determination
Date.  If the Reuters Screen LIBOR01 is replaced by another service or
ceases to exist, the Calculation Agent will use the replacing service or such
other service that may be nominated by the British Bankers' Association for the
purpose of displaying London interbank offered rates for U.S. dollar
deposits.

    

    If no offered rate appears on Reuters
Screen LIBOR01 on an Interest Determination Date at approximately 11:00 a.m.,
London time, then the Calculation Agent (after consultation with the Company)
will select four major banks in the London interbank market and shall request
each of their principal London offices to provide a quotation of the rate at
which six-month deposits in U.S. dollars in amounts of at least $1,000,000 are
offered by it to prime banks in the London interbank market, on that date and at
that time, that is representative of single transactions at that
time.  If at least two quotations are provided, LIBOR will be the
arithmetic average of the quotations provided.  Otherwise, the
Calculation Agent will select three major banks in New York City and shall
request each of them to provide a quotation of the rate offered by them at
approximately 11:00 a.m., New York City time, on the Interest Determination Date
for loans in U.S. dollars to leading European banks having an index maturity of
six months for the applicable Interest Period in an amount of at least
$1,000,000 that is representative of single transactions at that
time.  If three quotations are provided, LIBOR will be the arithmetic
average of the quotations provided.  Otherwise, the rate of LIBOR for
the next Interest Period will be set equal to the rate of LIBOR for the current
Interest Period.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

       

    

    The Luxembourg Stock Exchange shall be
notified of the interest rate, the amount of the interest payment and the
Interest Payment Date for a particular Interest Period not later than the first
day of such Interest Period.  Upon request from any Noteholder, the
Calculation Agent will provide the interest rate in effect on this Note for the
current Interest Period and, if it has been determined, the interest rate to be
in effect for the next Interest Period.

    

    If an event of default (as defined in
the Indenture) with respect to Notes of this series shall occur and be
continuing, the principal of the Notes of this series may be declared due and
payable in the manner and with the effect provided in the
Indenture.

    

    The Indenture contains provisions for
defeasance at any time of the entire indebtedness of this Note upon compliance
by the Company with certain conditions set forth in Sections 11.03 and 11.04
thereof, which provisions apply to this Note.

    

    The Indenture contains provisions
permitting the Company and the Trustee, without the consent of the holders of
the Securities, to establish, among other things, the form and terms of any
series of Securities issuable thereunder by one or more supplemental indentures,
and, with the consent of the holders of not less than 66 2/3% in aggregate
principal amount of Securities at the time outstanding which are affected
thereby, to modify the Indenture or any supplemental indenture or the rights of
the holders of Securities of such series to be affected, provided that no such
modification will (i) extend the fixed maturity of any Securities, reduce the
rate or extend the time of payment of interest thereon, reduce the principal
amount thereof or the premium, if any, thereon, reduce the amount of the
principal of Original Issue Discount Securities payable on any date, change the
currency in which Securities are payable, or impair the right to institute suit
for the enforcement of any such payment on or after the maturity thereof,
without the consent of the holder of each Security so affected, or (ii) reduce
the aforesaid percentage of Securities of any series the consent of the holders
of which is required for any such modification without the consent of the
holders of all Securities of such series then outstanding, or (iii) modify,
without the written consent of the Trustee, the rights, duties or immunities of
the Trustee.

    

    No reference herein to the Indenture
and no provision of this Note 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 Note at the times, place and rate, and in the
coin or currency, herein prescribed.

    

    This Note is a Global Security
registered in the name of a nominee of the Depository.  This Note is
exchangeable for Notes registered in the name of a person other than the
Depository or its nominee only in the limited circumstances hereinafter
described.  Unless and until it is exchanged in whole or in part for
definitive Notes in certificated form, this Note may not be transferred except
as a whole by the Depository to a nominee of the Depository or by a nominee of
the Depository to the Depository or another nominee of the
Depository.

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

       

    

    The Notes represented by this Global
Security are exchangeable for definitive Notes in certificated form of like
tenor as such Notes in denominations of $1,000 and whole multiples of $1,000 in
excess thereof only if (i) the Depository notifies the Company that it is
unwilling or unable to continue as Depository for the Notes or (ii) the
Depository ceases to be a clearing agency registered under the Securities
Exchange Act of 1934, as amended, or (iii) the Company in its sole discretion
decides to allow the Notes to be exchanged for definitive Notes in registered
form.  Any Notes that are exchangeable pursuant to the preceding
sentence are exchangeable for certificated Notes issuable in authorized
denominations and registered in such names as the Depository shall
direct.  As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of definitive Notes in certificated
form is registrable in the register maintained by the Company in The City of New
York for such purpose, upon surrender of the definitive Note for registration of
transfer at the office or agency of the registrar, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Company and the registrar duly executed by, the holder thereof or his attorney
duly authorized in writing, and thereupon one or more new Notes of this series
and of like tenor, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or
transferees.  Subject to the foregoing, this Note is not exchangeable,
except for a Global Security or Global Securities of this issue of the same
principal amount to be registered in the name of the Depository or its
nominee.

    

    No service charge shall be made for any
such registration of transfer or exchange, but the Company may require payment
of a sum sufficient to cover any tax or other governmental charge payable in
connection therewith.

    

    Prior to due presentment of this Note
for registration of transfer, the Company, the Trustee and any agent of the
Company or the Trustee may treat the Person in whose name this Note is
registered as the owner hereof for all purposes, whether or not this Note be
overdue, and neither the Company, the Trustee nor any such agent shall be
affected by notice to the contrary.

    

    The Company will pay additional amounts
("Additional Amounts") to the beneficial owner of any Note that is a non-United
States person in order to ensure that every net payment on such Note will not be
less, due to payment of U.S. withholding tax, than the amount then due and
payable.  For this purpose, a "net payment" on a Note means a payment
by the Company or a paying agent, including payment of principal and interest,
after deduction for any present or future tax, assessment or other governmental
charge of the United States. These Additional Amounts will constitute additional
interest on the Note.

    

    The Company will not be required to pay
Additional Amounts, however, in any of the circumstances described in items (1)
through (13) below.

    

    
      	
               
      

            	
              (1)

            	
              Additional
      Amounts will not be payable if a payment on a Note is reduced as a result
      of any tax, assessment or other governmental charge that is imposed or
      withheld solely by reason of the beneficial
  owner:

            

    

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

       

    

    
      	
               
      

            	
              (a)

            	
              having
      a relationship with the United States as a citizen, resident or
      otherwise;

            

    

    
      	
               
      

            	
              (b)

            	
              having
      had such a relationship in the past
or

            

    

    
      	
               
      

            	
              (c)

            	
              being
      considered as having had such a
relationship.

            

    

    

    
      	
               
      

            	
              (2)

            	
              Additional
      Amounts will not be payable if a payment on a Note is reduced as a result
      of any tax, assessment or other governmental charge that is imposed or
      withheld solely by reason of the beneficial
  owner:

            

    

    

    
      	
               
      

            	
               
      

            	
              (a)

            	
              being
      treated as present in or engaged in a trade or business in the United
      States;

            

    

    
      	
               
      

            	
               
      

            	
              (b)

            	
              being
      treated as having been present in or engaged in a trade or business in the
      United States in the past or

            

    

    
      	
               
      

            	
               
      

            	
              (c)

            	
              having
      or having had a permanent establishment in the United
    States.

            

    

    

    
      	
               
      

            	
              (3)

            	
              Additional
      Amounts will not be payable if a payment on a Note is reduced as a result
      of any tax, assessment or other governmental charge that is imposed or
      withheld in whole or in part by reason of the beneficial owner being or
      having been any of the following (as such terms are defined in the
      Internal Revenue Code of 1986, as
amended):

            

    

    

    
      	
               
      

            	
               
      

            	
              (a)

            	
              personal
      holding company;

            

    

    
      	
               
      

            	
               
      

            	
              (b)

            	
              foreign
      personal holding company;

            

    

    
      	
               
      

            	
               
      

            	
              (c)

            	
              foreign
      private foundation or other foreign tax-exempt
    organization;

            

    

    
      	
               
      

            	
               
      

            	
              (d)

            	
              passive
      foreign investment company;

            

    

    
      	
               
      

            	
               
      

            	
              (e)

            	
              controlled
      foreign corporation or

            

    

    
      	
               
      

            	
               
      

            	
              (f)

            	
              corporation
      which has accumulated earnings to avoid United States federal income
      tax.

            

    

    

    
      	
               
      

            	
              (4)

            	
              Additional
      Amounts will not be payable if a payment on a Note is reduced as a result
      of any tax, assessment or other governmental charge that is imposed or
      withheld solely by reason of the beneficial owner owning or having owned,
      actually or constructively, 10 percent or more of the total combined
      voting power of all classes of stock of the Company entitled to vote or by
      reason of the beneficial owner being a bank that has invested in a Note as
      an extension of credit in the ordinary course of its trade or
      business.

            

    

    

    For
purposes of items (1) through (4) above, "beneficial owner" means a fiduciary,
settlor, beneficiary, member or shareholder of the holder if the holder is an
estate, trust, partnership, limited liability company, corporation or other
entity, or a person holding a power over an estate or trust administered by a
fiduciary holder.

    

    
      	
               
      

            	
              (5)

            	
              Additional
      Amounts will not be payable to any beneficial owner of a Note that is
      a:

            

    

    

    
      	
               
      

            	
               
      

            	
              (a)

            	
              fiduciary;

            

    

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

       

    

    
      	
               
      

            	
               
      

            	
              (b)

            	
              partnership;

            

    

    
      	
               
      

            	
               
      

            	
              (c)

            	
              limited
      liability company or

            

    

    
      	
               
      

            	
               
      

            	
              (d)

            	
              other
      fiscally transparent entity

            

    

    

    
      	
               
      

            	
              or
      that is not the sole beneficial owner of the Note, or any portion of the
      Note. However, this exception to the obligation to pay Additional Amounts
      will only apply to the extent that a beneficiary or settlor in relation to
      the fiduciary, or a beneficial owner or member of the partnership, limited
      liability company or other fiscally transparent entity, would not have
      been entitled to the payment of an Additional Amount had the beneficiary,
      settlor, beneficial owner or member received directly its beneficial or
      distributive share of the payment.

            

    

    

    
      	
               
      

            	
              (6)

            	
              Additional
      Amounts will not be payable if a payment on a Note is reduced as a result
      of any tax, assessment or other governmental charge that is imposed or
      withheld solely by reason of the failure of the beneficial owner or any
      other person to comply with applicable certification, identification,
      documentation or other information reporting requirements. This exception
      to the obligation to pay Additional Amounts will only apply if compliance
      with such reporting requirements is required by statute or regulation of
      the United States or by an applicable income tax treaty to which the
      United States is a party as a precondition to exemption from such tax,
      assessment or other governmental
charge.

            

    

    

    
      	
               
      

            	
              (7)

            	
              Additional
      Amounts will not be payable if a payment on a Note is reduced as a result
      of any tax, assessment or other governmental charge that is collected or
      imposed by any method other than by withholding from a payment on a Note
      by the Company or a paying agent.

            

    

    

    
      	
               
      

            	
              (8)

            	
              Additional
      Amounts will not be payable if a payment on a Note is reduced as a result
      of any tax, assessment or other governmental charge that is imposed or
      withheld by reason of a change in law, regulation, or administrative or
      judicial interpretation that becomes effective more than 15 days after the
      payment becomes due or is duly provided for, whichever occurs
      later.

            

    

    

    
      	
               
      

            	
              (9)

            	
              Additional
      Amounts will not be payable if a payment on a Note is reduced as a result
      of any tax, assessment or other governmental charge that is imposed or
      withheld by reason of the presentation by the beneficial owner of a Note
      for payment more than 30 days after the date on which such payment becomes
      due or is duly provided for, whichever occurs
  later.

            

    

    

    
      	
               
      

            	
              (10)

            	
              Additional
      Amounts will not be payable if a payment on a Note is reduced as a result
      of any:

            

    

    

    
      	
               
      

            	
               
      

            	
              (a)

            	
              estate
      tax;

            

    

    
      	
               
      

            	
               
      

            	
              (b)

            	
              inheritance
      tax;

            

    

    
      	
               
      

            	
               
      

            	
              (c)

            	
              gift
      tax;

            

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

       

    

    
      	
               
      

            	
               
      

            	
              (d)

            	
              sales
      tax;

            

    

    
      	
               
      

            	
               
      

            	
              (e)

            	
              excise
      tax;

            

    

    
      	
               
      

            	
               
      

            	
              (f)

            	
              transfer
      tax;

            

    

    
      	
               
      

            	
               
      

            	
              (g)

            	
              wealth
      tax;

            

    

    
      	
               
      

            	
               
      

            	
              (h)

            	
              personal
      property tax or

            

    

    
      	
               
      

            	
               
      

            	
              (i)

            	
              any
      similar tax, assessment, withholding, deduction or other governmental
      charge.

            

    

    

    
      	
               
      

            	
              (11)

            	
              Additional
      Amounts will not be payable if a payment on a Note is reduced as a result
      of any tax, assessment, or other governmental charge required to be
      withheld by any paying agent from a payment of principal or interest on a
      Note if such payment can be made without such withholding by any other
      paying agent.

            

    

    

    
      	
               
      

            	
              (12)

            	
              Additional
      amounts will not be payable if a payment on a Note is reduced as a result
      of any tax, assessment or other governmental charge that is required to be
      made pursuant to any European Union directive on the taxation of savings
      income or any law implementing or complying with, or introduced to conform
      to, any such directive.

            

    

    

    
      	
               
      

            	
              (13)

            	
              Additional
      Amounts will not be payable if a payment on a Note is reduced as a result
      of any combination of items (1) through (12)
  above.

            

    

    

    Except as specifically provided herein,
the Company will not be required to make any payment of any tax, assessment or
other governmental charge imposed by any government or a political subdivision
or taxing authority of such government.

    

    As used in this Note, "United States
person" means:

    

    
      	
               
      

            	
              (a)

            	
              any
      individual who is a citizen or resident of the United
    States;

            

    

    
      	
               
      

            	
              (b)

            	
              any
      corporation, partnership or other entity created or organized in or under
      the laws of the United States;

            

    

    
      	
               
      

            	
              (c)

            	
              any
      estate if the income of such estate falls within the federal income tax
      jurisdiction of the United States regardless of the source of such income
      and

            

    

    
      	
               
      

            	
              (d)

            	
              any
      trust if a United States court is able to exercise primary supervision
      over its administration and one or more United States persons have the
      authority to control all of the substantial decisions of the
      trust.

            

    

    

    Additionally, "non-United States
person" means a person who is not a United States person, and "United States"
means the states of the United States of America and the District of Columbia,
but excluding its territories and its possessions.

    

    Except as provided below, the Notes may
not be redeemed prior to maturity.

    

    
      	
               
      

            	
              (1) 

            	
              The
      Company may, at its option, redeem the Notes
if:

            

    

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

       

    

    
      	
               
      

            	
              (a)

            	
              the
      Company becomes or will become obligated to pay Additional Amounts as
      described above;

            

    

    
      	
               
      

            	
              (b)

            	
              the
      obligation to pay Additional Amounts arises as a result of any change in
      the laws, regulations or rulings of the United States, or an official
      position regarding the application or interpretation of such laws,
      regulations or rulings, which change is announced or becomes effective on
      or after August 6, 2010 and

            

    

    
      	
               
      

            	
              (c)

            	
              the
      Company determines, in its business judgment, that the obligation to pay
      such Additional Amounts cannot be avoided by the use of reasonable
      measures available to it, other than substituting the obligor under the
      Notes or taking any action that would entail a material cost to the
      Company.

            

    

    

    
      	
               
      

            	
              (2)

            	
              The
      Company may also redeem the Notes, at its option,
  if:

            

    

    

    
      	
               
      

            	
              (a)

            	
              any
      act is taken by a taxing authority of the United States on or after August
      6, 2010, whether or not such act is taken in relation to the Company or
      any affiliate, that results in a substantial probability that the Company
      will or may be required to pay Additional Amounts as described
      above;

            

    

    
      	
               
      

            	
              (b)

            	
              the
      Company determines, in its business judgment, that the obligation to pay
      such Additional Amounts cannot be avoided by the use of reasonable
      measures available to it, other than substituting the obligor under the
      Notes or taking any action that would entail a material cost to the
      Company and

            

    

    
      	
               
      

            	
              (c)

            	
              the
      Company receives an opinion of independent counsel to the effect that an
      act taken by a taxing authority of the United States results in a
      substantial probability that the Company will or may be required to pay
      the Additional Amounts described above, and delivers to the Trustee a
      certificate, signed by a duly authorized officer, stating that based on
      such opinion the Company is entitled to redeem the Notes pursuant to their
      terms.

            

    

    

    Any
redemption of the Notes as set forth in clauses (1) or (2) above shall be in
whole, and not in part, and will be made at a redemption price equal to 100% of
the principal amount of the Notes Outstanding plus accrued interest thereon to
the date of redemption.  Holders shall be given not less than 30 days’
nor more than 60 days’ prior notice by the Trustee of the date fixed for such
redemption.

    

    All terms used in this Note which are
defined in the Indenture shall have the meanings assigned to them in the
Indenture.  The Notes are governed by the laws of the State of New
York.

    

    
      
         

      

      
        11Unassociated Document

     

    
      SUPPORT
SERVICES AGREEMENT

      

      Support Services Agreement
(this "Agreement") dated as of June 24, 2010 (the "Effective Date") between
Cardiff Partners, LLC, a California limited liability company ("CP") and
Axiologix Education Corp., a Nevada Corporation, (“AXLX”).

      

      WHEREAS, AXLX wishes to engage
CP to provide the Services (as defined below) on the terms and conditions set
forth herein and CP wishes to be so retained;

      

      NOW THEREFORE, in
consideration of the premises and of the mutual covenants, conditions and
agreements contained herein, the parties agree as follows:

      

      ARTICLE
ONE

      SERVICES

      

      1.1  Management
Services.  AXLX hereby
engages CP to perform the Management Services set forth in Schedule 1 hereto for
the benefit of AXLX, and CP agrees to perform such Management Services, on the
terms and conditions set forth herein.

      

      1.2  Other
Services.  AXLX may, from
time to time, engage CP to perform other services for the benefit of AXLX
(“Other Services”).   The scope of, the applicable fee for, and
any additional terms and conditions relating to any such other services shall be
reflected in a Services Addendum to this Agreement in the form of Exhibit A
hereto.

      

      1.3  Reporting.  AXLX
shall have the right to request written reports at any time during the term of
this Agreement, which shall be furnished within ten (10) days after such
request, describing the progress, status of, and other matters pertaining to the
Management Services and any Other Services provided pursuant to Section 1.2
(collectively, the “Services”) as AXLX shall request. AXLX may freely utilize
all such information arising out of the performance of the Services under this
Agreement in any manner desired.

      

      ARTICLE
TWO

      COMPENSATION

      

      2.1  Compensation.

      

      (a)
 Management
Services.  For each month during the term of this Agreement,
AXLX will pay to CP a fee in respect of the Management Services (the “MS Fee”)
equal to $8,000 in cash.    The MS Fee will be due and
payable on the first business day of such month and is
non-refundable.   Additionally, CP shall have the right to
participate with AXLX’s other executive officers in any executive stock option
plan / restricted stock plan adopted by AXLX.  Upon execution of this
agreement, CP or its assignees will be issued common stock equivalent to 5% of
the total fully diluted shares outstanding as a retainer.

      

      (b)  Other
Services.  IF AXLX has engaged to perform any Other Services,
AXLX will pay to CP the fee specified for such Other Services in the applicable
Services Addendum (the “Other Services Fee”).  Unless otherwise
specified in the applicable Services Addendum, the Other Services Fee will be
due and payable in cash within seven (7) days following AXLX’s receipt of CP’s
invoice therefore.

       

      
        

        

        
          	
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      2.2  Reimbursement.  AXLX will
reimburse CP for any and all reasonable  expenses incurred by CP in
connection with CP's performance of the Management Services and any Other
Services; provided,
however, that any such expenses must be pre-approved by AXLX and
otherwise adhere to control procedures implemented by AXLX. All requests for
reimbursement for expenses must be accompanied by documentation in form and
detail satisfactory to AXLX.  AXLX will reimburse CP for expenses
incurred in compliance with this Section 2.2 within seven (7) days following
AXLX’s receipt of CP’s invoice therefore.

      

      ARTICLE
THREE

      REPRESENTATIONS,
WARRANTIES AND COVENANTS

      

      3.1  Representations
and Warranties.  Each party
represents and warrants to the other that:

      

      (a) It
has not entered into any agreement, whether written or oral, in conflict with
this Agreement; and

      

      (b) It
has the full power and authority to enter into this Agreement.

      

      3.2  CP’s
Covenants.  CP:

      

      (a) shall
act as an independent contractor with no authority to obligate AXLX by contract
or otherwise;

      

      (b) shall
exercise only such powers and perform such duties as may from time to time be
vested in CP or assigned to CP by AXLX;

      

      (c) shall
devote such time and effort as is reasonably necessary to provide the
Services;

      

      (d) shall
comply with all applicable laws in the performance including all applicable
securities laws and regulations of the Services; and

      

      (e) shall
not assign or subcontract performance of this Agreement or any of the Services
to any person, firm, company or organization without AXLX’s prior written
consent.

       

      
        

        

        
          	
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      ARTICLE
FOUR

      CONFIDENTIAL
INFORMATION

      

      4.1  Confidentiality.  CP shall, during
the term of this Agreement and for a period of five years thereafter, keep all
AXLX Confidential Information confidential and use such information only for the
purposes expressly set forth herein.  AXLX Confidential Information
shall mean all information concerning AXLX or its current or planned business,
which is disclosed to CP by AXLX or which results from, or in connection with,
any Services performed pursuant to this Agreement.

      

      4.2  Access.  CP agrees to
limit the access to AXLX Confidential Information to only those persons under
CP's direct control who, with AXLX’s knowledge and consent, are responsible for
performing the Services set forth in Article One.

      

      4.3   Authorized
Disclosure.  CP shall have no obligation of confidentiality and
non-use with respect to any portion of AXLX Confidential Information which (i)
is or later becomes generally available to the public by use, publication or the
like, through no act or omission of CP; (ii) is obtained from a third party who
had the legal right to disclose the information to CP; or (iii) CP already
possesses as evidenced by CP’s written records predating receipt thereof from
AXLX.

      

      4.4  Return of
Information.  Upon the
termination of this Agreement, CP will promptly return to AXLX all materials,
records, documents, and other AXLX Confidential Information in tangible
form.  CP shall retain no copies except as required by law of such
materials and information and, if requested by AXLX, will delete all AXLX
Confidential Information stored in any magnetic or optical disc or
memory.

      

      4.5  Third
Party Information.  CP shall not, in connection with the
Services to be performed under this Agreement, disclose to AXLX any information,
which is confidential or proprietary to CP, or any third party.

      

      ARTICLE
FIVE

      INDEMNITY;
LIMITATION OF LIABILITY

      

      5.1  Indemnity.

      

      (a)  AXLX
will indemnify and hold harmless CP against any and all losses, claims, damages,
obligations, penalties, judgments, awards, liabilities, costs, expenses and
disbursements (and any and all actions, suits, proceedings and investigations in
respect thereof and any and all legal and other costs, expenses and
disbursements in giving testimony or furnishing documents in response to a
subpoena or otherwise), including, without limitation, the costs, expenses and
disbursements, reasonably incurred, as and when incurred, of investigating,
preparing or defending any such action, suit, proceeding or investigation
(whether or not in connection with litigation in which CP is a party), directly
or indirectly, caused by, relating to, based upon, arising out of, or in
connection with this Agreement or CP's performance hereunder, except to the
extent primarily caused by the gross negligence or willful misconduct of
CP.

       

      
        

        

        
          	
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      (b)  The
indemnification provisions shall be in addition to any liability which AXLX may
otherwise have to CP or the persons indemnified below in this sentence and shall
extend to the following: CP, its affiliated entities, members, employees, legal
counsel, agents and controlling persons (within the meaning of the federal
securities laws) of any of them. All references to CP in this Article Five shall
be understood to include any and all of the foregoing.

      

      5.2  Limitation
of Liability.  CP shall not have any liability (whether direct
or indirect, in contract or tort or otherwise) to AXLX for or in connection with
this Agreement or CP’s performance hereunder, except to the extent that any such
liability is found in a final judgment by a court of competent jurisdiction (not
subject to further appeal) to have resulted primarily from CP's gross negligence
or willful misconduct.  In no case shall CP’s liability (whether
direct or indirect, in contract or tort or otherwise) to AXLX for or in
connection with this letter agreement or CP’s performance hereunder exceed the
aggregate fees paid by AXLX to CP hereunder.

      

      ARTICLE
SIX

      TERM
AND TERMINATION

      

      6.1  Term. The initial term of this
Agreement shall be for a period of twelve (12) months from the Effective Date
(the “Initial Term”).  After the Initial Term, the term of this
Agreement will automatically be extended for additional successive twelve month
periods unless either party provides written notice to the other party of its
intent not to so extend the term at least 30 days before the expiration of the
then current term.  Upon each annual renewal the MS Fee shall be
increased by five percent.

      

      6.2  Termination.  (a) This
Agreement may be terminated by either party upon the breach of a material term
hereof by the other party, which breach remains uncured for 30 days after the
date that the non-breaching party has served written notice on the other party,
which notice will set forth the basis of such breach and the non-breaching
party's intent to terminate the Agreement.

      

      6.3  Effect of
Termination.  Upon the
expiration or termination of this Agreement, each party shall be released from
all obligations and liabilities hereunder except those arising under Articles
Four, Five and Eight; provided that, following such termination, CP shall be
entitled to receive all amounts payable by AXLX to CP through the date of
expiration or termination of this Agreement.

      

      ARTICLE
SEVEN

      MISCELLANEOUS

      

      7.1  Relationship
of the Parties.

      

      (a)  AXLX
is a sophisticated business enterprise that has retained CP for the limited
purposes set forth in this letter agreement, and the parties acknowledge and
agree that their respective rights and obligations are contractual in nature.
AXLX recognizes that the relationship contemplated hereby is not an exclusive
relationship for CP or any of its personnel.  Each party disclaims an
intention to impose fiduciary obligations on the other by virtue of the
engagement contemplated by this Agreement.

       

      
        

        

        
          	
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      (b)  The
Services do not include requiring CP to engage in any activities for which an
investment advisor's registration or license is required under the U.S.
Investment Advisors Act of 1940, or under any other applicable federal or state
law; or for which a "broker's" or "dealer's" registration or license is required
under the U.S. Securities Exchange Act of 1934, or under any other applicable
federal or state law.  CP's work on this engagement shall not
constitute the rendering of legal advice, or the providing of legal services, to
AXLX.  Accordingly, CP shall not express any legal opinions with
respect to any matters affecting AXLX.

       

      7.2  Waiver. None of the terms of this
Agreement may be waived except by an express agreement in writing signed by the
party against whom enforcement of such waiver is sought.  The failure
or delay of either party in enforcing any of its rights under this Agreement
shall not be deemed a continuing waiver of such right.

      

      7.3  Entire
Agreement.
 This Agreement constitutes the entire agreement between the parties
with respect to the subject matter hereof and supersedes all prior agreements
and understandings among the parties (whether written or oral) relating to said
subject matter.

      

      7.4  Amendments.  This Agreement
may not be released, discharged, amended or modified in any manner except by an
instrument in writing signed by a duly authorized officer of AXLX and
CP.

      

      7.5    Assignment.  AXLX has
specifically contracted for the Services of CP and, therefore, CP may not assign
or delegate CP's obligations under this Agreement, either in whole or in part,
without the prior written consent of AXLX.

      

      7.6  Severability.  If any provision
of this Agreement is, becomes, or is deemed invalid, illegal or unenforceable in
any jurisdiction, such provision shall be deemed amended to conform to the
applicable laws so as to be valid and enforceable, or, if it cannot be so
amended without materially altering the intention of the parties hereto, it
shall be stricken and the remainder of this Agreement shall remain in full force
and effect.

      

      7.7  Headings.  Article and Section
headings contained in the Agreement are included for convenience only and are
not to be used in construing or interpreting this Agreement.

      

      7.8  Notices.  All notices
provided for in this Agreement shall be in writing and shall be deemed effective
when either served by personal delivery or sent by express, registered or
certified mail, postage prepaid, return receipt requested, to the other party at
the corresponding mailing address set forth below or at such other address as
such other party may hereafter designate by written notice in the manner
aforesaid.

       

      
        

        

        
          	
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      7.9  Force
Majeure.  CP shall be
excused for failure to provide the Services hereunder to the extent that such
failure is directly or indirectly caused by an occurrence commonly known as
force majeure, including, without limitation, delays arising out of acts of God,
acts or orders of a government, agency or instrumentality thereof (whether of
fact or law), acts of public enemy, riots, embargoes, strikes or other concerted
acts of workers (whether of CP or other persons), casualties or accidents,
delivery of materials, transportation or shortage of cars, trucks, fuel, power,
labor or materials or any other causes, circumstances or contingencies that are
beyond the control of CP; provided, however,
that CP shall use its best efforts to resume provision of the Services as soon
as possible. Notwithstanding any events operating to excuse performance by CP,
this Agreement shall continue in full force for the remainder of its term and
any renewals thereof.

      

      7.10  Counterparts.  This Agreement
may be executed in any number of counterparts, each of which shall be an
original and all of which together shall constitute one and the same document,
binding on all parties notwithstanding that each of the parties may have signed
different counterparts.

      

      7.11  Governing
Law.  This Agreement shall be governed by and construed in
accordance with the laws of the State of California and the parties to this
Agreement hereby submit to the exclusive jurisdiction of the courts, both state
and federal, in the County of Orange, State of California.

      

      IN WITNESS WHEREOF, the
parties have entered into this Agreement on the date first above
written.

      

      
        	
                CARDIFF
      PARTNERS, LLC,

              	 
      	
                AXIOLOGIX
      EDUCATION CORP

              
	
                a
      California limited liability company

              	 
      	
                a
      Nevada Corporation

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              	 
      	 
      
	
                By:
      Keith Moore

              	 
      	
                By:
      John P. Daglis

              
	
                Title:
      Managing Member

              	 
      	
                Title:
      Chief Executive Officer

              
	
                Address:
      30950 Rancho Viejo Rd #120

              	 
      	
                501
      Scarborough Dr. Suite 308E

              
	
                San
      Juan Capistrano, CA  92675

              	 
      	
                Egg
      Harbor Township, NJ 08234

              

      

      

        

        

        
          	
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      Schedule
1

      Management
Services

      

      
        	
                 
      

              	
                ·

              	
                Make
      available an individual acceptable to AXLX in its sole discretion to serve
      as Principal Financial Executive of
AXLX.

              

      

      
        	
                 
      

              	
                ·

              	
                Perform
      all principal accounting and financial executive
  duties.

              

      

      
        	
                 
      

              	
                ·

              	
                Direct
      all finance, accounting and treasury functions including SEC filings,
      audits, cash forecasting, cash management, operational budgeting,
      month-end closing, and ensure accuracy and compliance in
      accounting/financial reporting.

              

      

      
        	
                 
      

              	
                ·

              	
                Analyze
      financial and operating information for management to facilitate
      decision-making and provide input for corrective action, where
      applicable.

              

      

      
        	
                 
      

              	
                ·

              	
                Forecast
      and monitor financial information against goals and operating
      strategy.

              

      

      
        	
                 
      

              	
                ·

              	
                Manage/oversee
      relationships with independent auditors, banks and investment banking
      community.

              

      

      
        	
                 
      

              	
                ·

              	
                Handle
      financial negotiations with other third party
    relationships.

              

      

      
        	
                 
      

              	
                ·

              	
                Prepare
      quarterly updates to the financial
forecast.

              

      

      
        	
                 
      

              	
                ·

              	
                Support
      and evaluate all corporate capital formation activities including debt,
      equity, and debt issuance
transactions.

              

      

       

      
        

        

        
          	
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      Attachment
A

      Services
Addendum

      

      

      
        	
                Scope
      of Other Services:

                 

                 

                 

                 

              	 
      
	
                Other
      Services Fee:

                 

                 

                 

              	 
      
	 
      	 
      
	
                Other
      Terms and Conditions:

                 

                 

                 

                 

                 

              	 
      

      

      

      Acknowledged
and agreed by:

      

      AXIOLOGIX
EDUCATION CORP

      

      

      
        By:
______________________

      

      

      
        Date:

      

      

      

      CARDIFF
PARTNERS, LLC

      

      

      
        By:
______________________

      

      

      Date:

       

       

      

      
        	
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