\n| \n To: <\/p>\n<\/td>\n | \n Morgan Stanley & Co. Incorporated
\n1585 Broadway
\nNew York, New York 10036 United States Department of the Treasury
\n1500 Pennsylvania Avenue, NW
\nWashington, D.C. 20220<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Ladies and Gentlemen: This letter agreement is being executed and
\ndelivered to confirm and set forth the terms and conditions of an agreement
\namong Morgan Stanley & Co. Incorporated, as sales agent and\/or principal
\n(the “Manager”) and Citigroup Inc., a Delaware corporation (the “Company”),
\nrelating to the Equity Distribution Agreement, dated April 26, 2010 (the
\n“Agreement”), among the Manager, the Company and the United States Department of
\nthe Treasury, as selling stockholder (the “Selling Stockholder”). Capitalized
\nterms used but not defined herein shall have the meanings assigned to them in
\nthe Agreement. The Company hereby informs the Manager and the Selling
\nStockholder that the Company153s representation set forth in Section 1(a)(v)(B)(3)
\nof the Agreement (the “ineligible issuer representation”) was, and will continue
\nto be, inaccurate on and after October 19, 2010. The Manager hereby
\nagrees that (1) with respect to Section 2(d) of the Agreement, (a) the Company
\nshall not be deemed to have affirmed the ineligible issuer representation at any
\ntime on or after October 19, 2010, and (b) the Manager153s obligation to use its
\ncommercially reasonable efforts to sell the Shares on behalf of the Selling
\nStockholder as sales agent shall not be subject to the continuing accuracy of
\nthe ineligible issuer representation, and (2) with respect to Section 8(f) of
\nthe Agreement, the ineligible issuer representation shall not remain operative
\nor in full force and effect on any date on or after October 19, 2010.
\n Each party hereto agrees and acknowledges that the Agreement, including the
\nrepresentations and warranties of the Company and the Selling Stockholder, as
\nmodified by this letter agreement, is in all respects ratified and confirmed.\n<\/p>\n
\n<\/p>\n Please evidence your acknowledgement of and agreement with the foregoing by
\nexecuting and returning a duplicate of this letter agreement. <\/p>\n \n\n\n| <\/td>\n | \n Very truly yours,<\/p>\n<\/td>\n<\/tr>\n | \n| <\/td>\n | <\/td>\n<\/tr>\n | \n| <\/td>\n | \n CITIGROUP INC.<\/p>\n<\/td>\n<\/tr>\n | \n| <\/td>\n | <\/td>\n<\/tr>\n | \n| <\/td>\n | \n By: <\/p>\n<\/td>\n | \n \/s\/ John C. Gerspach<\/p>\n<\/td>\n | <\/td>\n<\/tr>\n | \n| <\/td>\n | <\/td>\n | \n Name: <\/p>\n<\/td>\n | \n John C. Gerspach<\/p>\n<\/td>\n<\/tr>\n | \n| <\/td>\n | <\/td>\n | \n Title:<\/p>\n<\/td>\n | \n Chief Financial Officer<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n Acknowledged and agreed to as of the date first above written: <\/p>\n \n\n\n| \n MORGAN STANLEY & CO. INCORPORATED<\/p>\n<\/td>\n | <\/td>\n<\/tr>\n | \n| <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| \n By:<\/p>\n<\/td>\n | \n \/s\/ Kenneth G. Pott<\/p>\n<\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| <\/td>\n | \n Name:<\/p>\n<\/td>\n | \n Kenneth G. Pott<\/p>\n<\/td>\n | <\/td>\n<\/tr>\n | \n| <\/td>\n | \n Title:<\/p>\n<\/td>\n | \n Managing Director<\/p>\n<\/td>\n | <\/td>\n<\/tr>\n | \n| <\/td>\n | <\/td>\n<\/tr>\n | \n| \n UNITED STATES DEPARTMENT OF THE TREASURY<\/p>\n<\/td>\n | <\/td>\n<\/tr>\n | \n| <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| \n By: <\/p>\n<\/td>\n | \n \/s\/ Timothy G. Massad<\/p>\n<\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| <\/td>\n | \n Name: <\/p>\n<\/td>\n | \n Timothy G. Massad<\/p>\n<\/td>\n | <\/td>\n<\/tr>\n | \n| <\/td>\n | \n Title:<\/p>\n<\/td>\n | \n Acting Assistant Secretary for<\/p>\n<\/td>\n | <\/td>\n<\/tr>\n | \n| <\/td>\n | <\/td>\n | \n Financial Stability and Chief Counsel<\/p>\n<\/td>\n | <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n
\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7104],"corporate_contracts_industries":[9415],"corporate_contracts_types":[9560],"class_list":["post-41092","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-citigroup-inc","corporate_contracts_industries-financial__banks","corporate_contracts_types-finance"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/41092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=41092"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=41092"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=41092"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=41092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} | | |