CIT Group Inc. 505 Fifth Avenue New York, NY 10017 Attention: Ladies and Gentlemen:Cit Group Inc • November 6th, 2007 • Finance lessors • New York
Each of Morgan Stanley & Co. Incorporated (“Morgan Stanley”) and Citigroup Global Markets Inc. (“Citi”) is pleased to commit, severally and not jointly, to purchase up to $40,000,000 of common stock, par value $.01 per share (“Common Stock”), of CIT Group Inc. (the “Company”), subject to and on the terms and conditions set forth herein. You may, in your sole discretion, designate one or more dates upon at least ten days advance written notice on which Morgan Stanley or Citi is to purchase such shares of Common Stock (each, a “Purchase Date”) during the period commencing on the date hereof and ending at the close of business on September 30, 2008 but excluding the fourteen-day period immediately preceding the date you publicly issue any quarterly or annual earnings release (the “Commitment Period”), provided that, as of the relevant Purchase Date, a Trigger Event (as defined in the First Supplemental Indenture (the “Supplemental Indenture”) dated as of January 31, 2007 between the Compa
