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varron a tD t <br />Tn•Gafly ~~16DDy naDD <br />TNIS AGfcEEME~7 u matlc and en[ercd tnto at of [nc mte wnt+en Delay by and among Buyer. Sever. and Custodun w.in restz: ~ <br />to tndrv+dual [nnsac[ans. ttu Agreement mall onq appn to the Lenman enury, t.e Lenrnan Commernat Paper Incorpora[ec. Ler.r..:- <br />Governmen[ Secun[ux. Inc., ar Lentsun Spcnat Secunues Incorporated. tdenuhed m Sclkrs unwa,om, v pranced nerem <br />RECITAiS <br />µNER&~S. Buyer and Seucr have en[ered tn+c an agreement a engage hom ume +o ume m tnnsaatans punuam w a Vas:er <br />Repurcnase Agreement (Ihe'Repurcnax Agreement';. and <br />WHEREAS. Buycr and Scuer nave agreed to enter mto ma Agreement to faal~uu me Tnnsantom. and <br />WHEREAS. Cus+otlun u au[nortxetl ro nob and hk seances and propertks and [o uul¢e agents, mrtespondem Danks or a:'..a.es <br />wnere appropnate for me remnuon. safeteeptng and proassmg of seantks and propervrs, and to use other mans a.auaom :; .i ::r <br />rctenuon. safeteeptng and prodesung of securtues and propcrtra; and <br />WHEREAS. Cuuotlun has agreed to as n cuuodun o[ arum monks ano savories on Debaif of Buyer and on Denalf of Se.ler as <br />descnDed hereto. <br />NOW THEREFORE. to mwdenuon of the mu[ual promtw set fbnD hereu and utcnd[ng to De kgst0y bound nercoy. ~[ u agreed <br />as follws: <br />1. DEFItiiT1ONS <br />'AUt6onaad Penoe.' A person desrnDed as provtaed in Paragrapn tg.a. <br />'Book-Ferry Saeuriries.' Sccunrks [oat are Book~Entn Trcuury Sccuntks (as defined to SuDpan O df Treasury Depanment Circuur tic <br />300. 71 C.F.R. 3061 and o[ncr seariues Issued or guaranteed tl~re:tn or tnovectry h [he Umted Sutu Government or an. agen:ti or <br />[ns[rumenuurv +hereo[ m +nc form of cntnes on Inc records of FRH~Y. <br />'fsusinaaa Day: My car on wntcn Cus+odun and Sever are open for Dustness and. m Irk nem on any day Searnuu mnsw of e::ner <br />Boot•Entry Sean+ks or Ckanng Corpora+an Secunun. arty day on wn+ct+ Ibe FRBNY at10 any rckvam ckanng mrponuon. as <br />appropnsre,arc open forDusmess. <br />'Buyara Attouat' The aaa+nr or aaounu OssdnrXd m Pangrapn as as'Buycr's Account' <br />'tlnring Corporation Saeuntiaa,' $ecunues roar are vedned to the asoum of a paruapant, mGud+ng s Pledgee AtCOUn[. on ;ne rc:cras <br />of a ctearmg mrporatan wtnm the meaning of Senan & 102(3) o(nc~ UCC. <br />'FRB~l:' The Federal Reserve Bank of NN' Yort <br />"Msryin Pereeeuge.' w'nn rupect +o earn Sccunry, [he pcrrenuge se[ torah on E#uDt[ A opposite each wch Secunry in Ine :olumn neaced <br />'Margin Perunugc.' Unless otnerv+ue spenhetl on EuuDt[ A, the Marg+n Peranuge [ar ts+n Wll Dc 100 R. <br />'Margie value.' Thc meaning spenhed m Paragraph 6.c. <br />'Harlot Value.' The mean+ng spcahed m PanQapn 6.D. <br />'tiotia otDehult' A wntten nata dcDvcted q Buyer to Ctsstodun arsd Seller, a q Seller to Custod[ao and Buyer, wNCh wntten nonce <br />idenuha the dehuumg parry, the TtansaaroD, and Uk Evan Of Dchuh. <br />'Physinl Sacunty or TYysJd Satvltls• Saeuntres awed m Oet4urne farm tdr are Da Boot•Enrry Ssxunua a Ckanng Corporation <br />Secuntks and, for me purpssn of tOs Agreemea4 an+lkd asects, Dent ctxtda, add txber property deDvered q Sever for Buyer's Atdoun:. <br />"Pladaaa Areoaat' N tk8oad b tbs rule of the respeanc annng mrporatnD, ar may Os amended from tune to ume. <br />'Security' ar'Sacvrtela• Searsiaa, tibaDwl atawtsxnu, ar other property W rbe type set lonb oo Eairrdr A. Seuntw stall always mcmde <br />nsn. <br />'Sellars Aecoaat' The sesounu muntatned q Cwtodun for Searnka or each bold tar me DeoeEr of Seller a q Cuuodun's agent for <br />me Denehr of Sclkr, trsclud+og Savnua a nab hew q SPAfTCo m Setter's aranog aooouDt pursuadt to a acparate agrsxment. <br />•SelMra laatruetloaa.• The uturvaam OnaiDed a Paragraph 3~ n'Se0er'a IDSwoims.' <br />'SPMCa.' Setvnry Panik Nar+onal Tow Company (Ns+ Yort), a nauorW tsanbr[g at.oaauo4 vitb ofhee n 2 Aeaor Street, New York. <br />New Yet <br />•UCG• The Uniform C1lmmerevl Code a m eRea from ume to ume m the Sou of Nev Yortt <br />,.( <br />t' <br />.-.~ <br />•2- <br />