Macroshares Participants Agreement Sample Contracts

STANDARD TERMS TO MACROSHARES PARTICIPANTS AGREEMENT
Macroshares Participants Agreement • July 21st, 2008 • MacroShares $100 Oil Down Trust • Asset-backed securities • New York

This supplement (the "Supplement"), dated as of June 27, 2008, is hereby entered into by and among MACRO Securities Depositor (the "Depositor"), State Street Bank and Trust Company, N.A., (the "Trustee"), Macro Financial, LLC (the "Marketing Agent"), MacroMarkets LLC (the "Administrative Agent") and Merrill Lynch Professional Clearing Corp. (the "Authorized Participant"). The Standard Terms, dated as of June 27, 2008, which contain a form of this Supplement attached thereto as Attachment A, are incorporated herein by reference and the parties hereto shall be required to comply with such Standard Terms as if they were set forth in full herein.

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MACROSHARES PARTICIPANTS AGREEMENT
Macroshares Participants Agreement • April 24th, 2008 • MacroShares $100 Oil Up Trust • Asset-backed securities • New York

IN WITNESS WHEREOF, I, the undersigned, an Authorized Person of the Authorized Participant, hereby execute this Redemption Order as of the date set forth below.

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