Document:

Unassociated Document

    
      

    

    Exhibit
      10.4

    
       

      January
        23, 2008

      

      To:                        
         The Royal Bank of Scotland plc (“RBS”)

      

      cc:                          
        Greenwich Capital Markets, Inc.

      600
        Steamboat Road

      Greenwich,
        CT 06830

      Attn:  Melizza
        Stotler

      Tel:
        (203) 618-2576

      Fax:
        (203) 618-2580

      

      From:                    
        FORD CREDIT AUTO OWNER TRUST 2008-A

      c/o
        U.S.
        Bank Trust National Association,

         as
        Owner Trustee

      300
        Delaware Avenue, Ninth Floor

      Wilmington,
        Delaware 19801

      Attention:
        Corporate Trust
        Department

      Telephone:  (302)
        552-3200

      Facsimile:  (302)
        552-3129

      

      Re:
Interest
        Rate Swap Reference
        No D16590249.FRONT

      

      Ladies
        and Gentlemen:

      

      The
        purpose of this letter agreement is to confirm the terms and conditions of
        the
        Swap Transaction entered into between RBS (“Party A”) and Ford Credit Auto Owner
        Trust 2008-A (“Party B”) on the Trade Date listed below (the
“Transaction”).  This letter constitutes a “Confirmation” as referred
        to in the Agreement specified below.

      

      The
        definitions and provisions contained in the 2006 ISDA Definitions (as published
        by the International Swaps and Derivatives Association, Inc.) are incorporated
        into this Confirmation. For these purposes, all references in those Definitions
        to a “Swap Transaction” will be deemed to apply to the Transaction referred to
        herein.  In the event of any inconsistency between those Definitions
        and this Confirmation, this Confirmation will govern.

      

      1.
        This
        Confirmation supplements, forms part of, and is subject to, the ISDA Master
        Agreement and the Schedule thereto, both dated as of January 23, 2008, between
        you and us (as amended, supplemented or otherwise modified from time to time,
        the “Agreement”).  All provisions contained in the Agreement govern
        this Confirmation except as expressly modified below.  Other
        capitalized terms used herein and not otherwise defined will have the meanings
        given them in the Indenture referred to in the Agreement.   In
        the event of any inconsistency between those terms and this Confirmation,
        this
        Confirmation will govern.

      

      2.  The
        terms of the particular Transaction to which this Confirmation relates are
        as
        follows:

      

      
        	
                 

              	
                Party
                  A:

              	
                RBS.
                  

              

      

      

      
        	
                 

              	
                Party
                  B:

              	
                Ford
                  Credit Auto Owner Trust 2008-A 

              

      

      

      
        	
                 

              	
                Trade
                  Date:

              	
                January
                  15, 2008. 

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                 

              	
                Effective
                  Date:

              	
                January
                  23, 2008. 

              

      

      

      
        	
                 

              	
                Notional
                  Amount:

              	
                For
                  the first Calculation Period (from and including, January 23, 2008,
                  to but
                  excluding February 15, 2008), the Notional Amount of this Transaction
                  for
                  purposes of calculating payments due by either party on the first
                  Payment
                  Date will be $225,000,000.00. With respect to any subsequent Calculation
                  Period up through and including the Calculation Period ending on
                  but
                  excluding April 15, 2012, the Notional Amount will be the Note
                  Balance of
                  the Class A-3b Notes (after giving effect to all amounts paid on
                  the
                  Payment Date that is the first day of such Calculation Period)
                  as stated
                  on the Servicer’s monthly investor report relating to such Payment Date
                  (the “Actual Balance”).  Party B will determine the Notional
                  Amount and will inform Party A of such determination by the twelfth
                  day of
                  each calendar month using the aggregate outstanding principal balance
                  for
                  the Class A-3b Notes prior to giving effect to any payments of
                  principal
                  of Class A-3b Notes on the following Payment Date, as shown in
                  the
                  Servicer's monthly investor report relating to such Payment Date.
                  

              

      

      

      
        	
                 

              	
                Termination
                  Date:

              	
                The
                  earlier of April 15, 2012, and the date the aggregate outstanding
                  principal balance of the Class A-3b Notes has been reduced to zero.
                  

              

      

      

      Fixed
        Amounts

      

      
        	
                 

              	
                Fixed
                  Rate Payer:

              	
                Party
                  B. 

              

      

      

      Fixed
        Rate Payer

      
        	
                 

              	
                Payment
                  Date:

              	
                The
                  15th
                  day of each calendar month, subject to adjust­ment in accordance with
                  the Following Business Day Convention.

              

      

      

      
        	
                 

              	
                Period
                  End Date:

              	
                The
                  15th
                  day of each calendar month, with No Adjust­ment.  (This
                  means that each Calculation Period for the Fixed Amount will have
                  30 days,
                  except for the Initial Calculation Period, which will commence
                  on January
                  23, 2008, and end on and excluding February 15, 2008.)
                  

              

      

      

      
        	
                 

              	
                Fixed
                  Rate:

              	
                3.90%
                  

              

      

      

      Fixed
        Rate Day

      Count
        Fraction:                          
 30/360

       

      Floating
        Amounts

       

      Floating
        Rate
        Payer:                  
 Party A.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Floating
        Rate Payer

      
        	
                 

              	
                Payment
                  Dates:

              	
                The
                  15th
                  day of each calendar month, subject to adjust­ment in accordance with
                  the Following Business Day Convention.

              

      

      

      

      Floating
        Rate for

      Initial
        Calculation

      
        	
                 

              	
                Period:

              	
                To
                  be determined by Linear Interpolation of 2 Week LIBOR and 1 Month
                  LIBOR on
                  January 21, 2008 (excluding spread)

              

      

      

      Floating
        Rate
        Option:                 USD-LIBOR-BBA.

      

      
        	
                 

              	
                Designated
                  Maturity:

              	
                One
                  month. 

              

      

      

      
        	
                 

              	
                Spread:

              	
                Plus
                  0.80% 

              

      

      

      Floating
        Rate Day

      
        	
                 

              	
                Count
                  Fraction:

              	
                Actual/360.
                  

              

      

      

      
        	
                 

              	
                Reset
                  Dates:

              	
                The
                  first day of each Floating Rate Payer Calculation Period.
                  

              

      

      

      
        	
                 

              	
                Business
                  Days:

              	
                New
                  York and Delaware. 

              

      

      

      

      3.  Account
        Details

      

      
        	
                 

              	
                Payments
                  to Party A:

              	
                The
                  Royal Bank of Scotland Financial Markets Fixed Income and Interest
                  Rate
                  Derivative Operations 

              

      

      

      London
        SWIFT RBOSGB2RTCM

      with
        JPMorgan Chase Bank New York CHASUS33

      ABA
        #
        021000021

      Account
        Number 400930153

      

      

      
        	
                 

              	
                Payments
                  to Party B:

              	
                The
                  Bank of New York 

              

      

      ABA
        #
        021000018

      Acct
        #  111-565

      Attn:  John
        Rooney

      For
        further credit to:  Ford Credit Auto Owner Trust 2008-A Collection
        Acct TAS #879524

      

      Party
        A
        Operations

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                 

              	
                Contact:

              	
                RBS
                  Financial Markets 

              

      

      Level
        4

      135
        Bishopsgate

      London,
        EC2M 3UR

      Attention:
        Swaps Administration

      Fax:
        020
        7085 5050

      Phone:
        020 7085 5000

      

      Party
        B
        Operations

      
        	
                 

              	
                Contact:

              	
                Ford
                  Credit Auto Owner Trust 2008-A 

              

      

      c/o
        U.S.
        Bank Trust National Association, as Owner Trustee

      300
        Delaware Avenue, Ninth Floor

      Wilmington,
        Delaware 19801

      Attn:  Corporate
        Trust Administration

      Telephone:
        (302) 552-3102

      Fax:  (302)
        552-3129

      

      with
        copies to:

       

      The
        Bank
        of New York,

         as
        Indenture Trustee for

         Ford
        Credit Auto Owner Trust 2008-A

      101
        Barclay Street

      Floor
        8
        West

      New
        York,
        New York 10286

      Attn:
        Structured Finance Services -

      Asset
        Backed Securities, Ford 2008-A

      Telephone:
        (212) 815-4389

      Fax:  (212)
        815-2493;

      

      and

      

      Ford
        Motor Credit Company LLC

      c/o
        Ford
        Motor Company

      WHQ,
        One
        American Road

      Suite
        801-C1

      Dearborn,
        Michigan  48126

      Attention:  Securitization
        Operations Supervisor

      Telephone:
        (313) 206-5899

      Fax:
        (313) 390-4133

      

      4.
        Agency
        Role of Greenwich Capital Markets, Inc.  This Transaction has been
        entered into by Greenwich Capital Markets, Inc., as agent for The Royal Bank
        of
        Scotland plc.  Greenwich Capital Markets, Inc. has not guaranteed and
        is not otherwise responsible for the obligations of Party A under this
        Transaction.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Please
        confirm that the foregoing correctly sets forth the terms of our agreement
        by
        executing this Confirmation and returning it to us.

      
         

        
          Best
            Regards,

          

          

          FORD
            CREDIT AUTO OWNER TRUST 2008-A

          

          
            	
                     

                  	
                    By:

                  	
                    U.S.
                      BANK TRUST NATIONAL ASSOCIATION, 

                  

          

          not
            in
            its individual capacity

          but
            solely as Owner Trustee

          

          

          By:  /s/
            Nicole
            Poole

          Name:  Nicole
            Poole

          Title:  Vice
            President

          

          

          THE
            ROYAL
            BANK OF SCOTLAND PLC

          

          
            	
                     

                  	
                    By:

                  	
                    Greenwich
                      Capital Markets, Inc., its agent 

                  

          

          

          By:
/s/
            Deborah
            Pfeifer

          Name:  Deborah
            Pfeifer

          Title:  Vice
            President

        

      

      

      

      [SIGNATURE
        PAGE FOR CLASS A-3B FRONT END SWAP CONFIRM]ex10_1.htm

    
      

    

    Exhibit
      10.1

    

    

    FIRST
      AMENDMENT TO INX INC. LEASE AGREEMENT

    

     

    THIS
      FIRST AMENDMENT TO LEASE AGREEMENT (this “First
      Amendment”) is executed as of January 22, 2008 (the “Effective
      Date”) by and between Allstar Equities, Inc., a Texas corporation (the
“Current
      Landlord”) and INX Inc., a Delaware corporation (the “Tenant”)
      and the General Consulate of Equatorial Guinea (the “New
      Landlord”).

     

     

    RECITALS

     

    A.           Landlord
      and Tenant entered into a Lease Agreement (the “Original
      Lease”) dated October 11, 2006 for certain space within the office
      building located at 6401 Southwest Freeway, in Houston, Harris County, Texas
      (the “Building”).

     

    B.           The
      Leased Premises under the Original Lease currently consists of approximately
      16,488 square feet of Net Rentable Area on Floor one of the Building
      (the “Leased
      Premises”).

     

    C.          
        New Landlord and Tenant desire to amend the Lease.

     

     

    NOW
      THEREFORE, in consideration of the mutual covenants and agreements contained
      herein and other good and valuable consideration the receipt and sufficiency
      of
      which are acknowledged, New Landlord and Tenant hereby agree that the Lease
      is
      amended as follows:

     

    1.           
      Defined Terms. All capitalized terms used and not expressly defined shall have
      the meanings ascribed to such terms in the Original Lease, unless the context
      requires otherwise.

     

    2.           
      If, in the sole opinion of Tenant, Tenant’s business, corporate reputation or
      corporate image is in any way negatively impacted as a result of having its
      corporate headquarters located within the Building, Tenant shall have the option
      of terminating the Original Lease and this First Amendment by providing to
      New
      Landlord one hundred twenty (120) days written notice of its intention to
      terminate, after which written notice, Tenant shall not be obligated to pay
      rent
      under the Original Lease for any portion of the one hundred twenty (120) day
      period following such notice during which Tenant may continue to occupy the
      Leased Premises in the Building and after Tenant vacates the Leased Premises
      and
      after the expiration of such 120-day period, Tenant shall be released from
      all
      obligations under the Original Lease and this First Amendment.

     

    3.           
      Tenant shall have a first right of refusal option to lease any space available
      on the second floor of the Building on the same terms made available to any
      other tenant or prospective tenant, which option shall be characterized as
      a
      first right of refusal with written notice to be provided to Tenant of intent
      to
      lease, in which case Tenant shall be provided two (2) business days from receipt
      of such written notice to accept or reject the space on the terms offered to
      the
      other party.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.           
      Tenant shall have the right to approve any decorating or interior design changes
      to the common area on the first floor of the Building. Notwithstanding this
      interior design approval right, New Landlord shall have the right to place
      a
      permanently mounted building directory showing the tenants and tenant locations
      for the Building in the main lobby of the first floor of the Building. New
      Landlord has the right to add paintings, directory, some furniture and plants
      to
      the first floor lobby. Also, New Landlord may want to eliminate the brick wall
      by the entrance stairs to open the lobby for more light and place a canopy
      above
      entrance; provided, however, the elimination of the brick wall is subject to
      an
      engineering study for structural safety.

     

    5.           
      Tenant shall use its commercially reasonable efforts to provide access to the
      New Landlord and other Building tenants to and from the loading dock at the
      back
      of the Building on an as-needed basis for the singular purpose of moving large,
      bulky items that cannot be moved in or out of the Building via the main doors,
      or which must be loaded into or from a truck from a dock into or out of the
      Building, such as when a tenant is moving into or out of the Building. Tenant
      shall not be required to expend any funds or manpower to assist with or
      supervise such loading or unloading activities unless Tenant is reasonably
      compensated for such expenditures. This provision is not to be construed as
      an
      obligation on the part of Tenant to receive or ship items for other tenants
      on a
      routine basis.

     

    6.           
      If New Landlord shall construct a monument sign upon the property for the
      purpose of displaying the name of the New Landlord and/or any of the other
      tenant names, Tenant shall have the right to have its name displayed upon such
      monument sign in a position no less prominent than any other name upon such
      monument sign other than New Landlord, and in a font size no smaller than any
      other Building tenant other than the font size used for the name of the New
      Landlord itself, and which font size shall be no smaller than eighty percent
      (80%) of the font size used for the name of the New Landlord or any other tenant
      as long as Tenant pays for its actual sign graphics and verbiage on the sign.
      Tenant shall be allowed to place its company logo and company name upon the
      walls in each of the two main reception areas within the Leased Premises on
      the
      first floor, subject to an agreed upon location by both parties, New Landlord
      reserves the naming rights for a future tenant on the Building Front
      Facia.

     

    7.           
      Section 18 of the Lease is hereby amended by adding the following:

     

    “Notwithstanding
      anything in this Section 18 to the contrary, New Landlord agrees to subordinate
      its landlord’s lien to the lien or liens of Tenant’s lenders.”

     

    8.           
      Section 28 of the Lease regarding relocation and substitution of the Leased
      Premises occupied by Tenant shall be deleted from the Lease and shall have
      no
      effect.

     

    9.           
      Tenant shall have the right to have two (2) containers of the same size as
      are
      currently on the property, in the same place/space as they are currently
      located, for the term of the Lease and any renewals, thereof. This right does
      not include storing hazardous materials or other potentially dangerous items
      that an insurance company would consider unacceptable for storage next to an
      office building. Tenant shall indemnify New Landlord for any potential liability
      created by these containers.

     

    10.           
      New Landlord shall pay all costs associated with upgrading or refurbishing
      of
      the elevator in the Building and neither Tenant nor Current Landlord shall
      be
      responsible for any of such costs.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    11.           
      The Lease, as amended hereby, shall continue in full and effect without any
      further amendments, alterations, or modifications thereto except as set forth
      herein, and Current Landlord, Tenant and New Landlord do hereby ratify and
      affirm all of the terms, conditions and covenants of the Lease as hereby
      amended.

     

    12.           
      This First Amendment may be executed in separate counterparts, each of which
      shall be deemed an original and all of which together shall constitute one
      in
      the same instrument.

     

    Executed
      as of the Effective Date.

     

    
      	 	
              
              

              CURRENT
                LANDLORD:

            
	 	
              
              

              Allstar
                Equities, Inc., a Texas corporation

            
	 	 
	 	
              
              

              By:/s/
                James H.
                Long

            
	 	
              
              

              Name:
                James H. Long

            
	 	
              
              

              Title:
                President

            
	 	 
	 	 
	 	
              
              

              TENANT:

            
	 	
              
              

              INX
                Inc., a Delaware corporation

            
	 	 
	 	
              
              

              By:/s/
Brian
                Fontana

            
	 	
              
              

              Name:
                Brian Fontana

            
	 	
              
              

              Title:
                Vice President

            
	 	 
	 	 
	 	
              
              

              NEW
                LANDLORD:

            
	 	
              
              

              General
                Consulate of Equatorial Guinea

            
	 	 
	 	
              
              

              By:
                /s/ Inocencio
                Esono Olo’
                Nseng

            
	 	
              
              

              Name:
                Inocencio Esono Olo’ Nseng

            
	 	
              
              

              Title:
                Consul General

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