Medium Term Note Agreement

(viii) No substantial changes. From the respective data for which information is provided in the registration statement, the prospectus and disclosure file, the capital or long-term debts of the company or any of its major subsidiaries (as defined in Rule 405 by the 1933 Act) have not changed significantly (along with other data relating to financing activities that have not resulted in any significant change in the company`s share of these large or long-term subsidiaries). the debts of the Company and its subsidiaries as a whole) or any significant adverse changes or changes that result in a substantial forward-looking change in the Company`s general affairs, consolidated financial position or consolidated results, provided they are not included in the results presented or contemplated in the prospectus and publication file. (k) the suspension of certain obligations. The company is not required to comply with the provisions of the subsections (a), (a), (b), (c), (f), (i) or o) of this section or (o) of this section, nor the provisions of Section 7, for a period from date (i) that the agents have received a written notification from the company in order to suspend the recruitment of the bonds as a representative , and (ii) the previous date on which no agent suspends the application to purchase the bonds until the company finds that the invitation to purchase the notes must be resumed or that a new agreement is reached with the agents. SECTION 11. Representations, guarantees and oversur supply agreements. All assurances, guarantees and agreements that are provided under this Agreement or this agreement, contained in this Agreement or in the certificates of the company`s senior management, remain fully effective and effective, regardless of the obligation to investigate or on behalf of agents or a supervisor of the agents or company, or on behalf of the company. , and must survive any delivery and payment for any of the notes. The basic prospectus refers to the basic prospectus that relates to the company`s various debt securities, including the bonds contained in the registration statement, in the form in which it was submitted to the Commission or forwarded for submission to the Commission, on or before the date of the agreement. MTNs were first used in the 1970s, when General Motors Acceptance Corporation (GMAC) had to issue loan-maturity debts to dealers and consumers. The business documents were not suitable because their maturities must not exceed 270 days and the insurance costs of the loan offer were too high for short maturities to be achievable. GMAC therefore began selling its notes directly to investors.

Due to the illiquidity of the secondary market and securities rules, the market remained relatively calm until the 1980s. (a) denunciation of this agreement. This agreement (except the terms of use) may be terminated at any time for any reason, either by the Company or by the agents with the written notification of 15 days153 of such termination to the other party in this regard; However, provided that the disclosure of the agreement by an agent this contract ends only between that agent and the company and the notice of termination of Company 153, since an agent terminates this agreement only between himself and that agent.