PLEDGE AND ADMINISTRATION AGREEMENT Dexia SA Dexia Crédit Local S.A. Dexia Bank Belgium SA Dexia FP Holdings Inc. Financial Security Assurance Inc. FSA Asset Management LLC FSA Portfolio Asset Limited FSA Capital Markets Services LLC FSA Capital...Pledge and Administration Agreement • July 8th, 2009 • Assured Guaranty LTD • Surety insurance • New York
THIS PLEDGE AND ADMINISTRATION AGREEMENT (as further amended, supplemented, or otherwise modified from time to time, this “Agreement”), dated as of June 30, 2009, is entered into among Dexia SA, a Belgian share company (“Dexia”), Dexia Crédit Local S.A., a French share company licensed as a bank under French law (“DCL”), Dexia Bank Belgium SA, a Belgian bank (“DBB”), Dexia FP Holdings Inc., a Delaware corporation (“Dexia FP”), Financial Security Assurance Inc., a corporation organized and existing under the laws of the State of New York (“FSA”), FSA Asset Management LLC, a Delaware limited liability company (“FSAM”), FSA Portfolio Asset Limited, a company incorporated under the laws of England and Wales (“FSA PAL”), FSA Capital Markets Services LLC, a Delaware limited liability company (“FSA Capital Markets”), FSA Capital Markets Services (Caymans) Ltd., an exempted company incorporated under the laws of the Cayman Islands with limited liability (“FSA Capital Markets Cayman”), FSA Capi
