EXHIBIT 10.3 May 3, 2005 MetLife, Inc. One MetLife Plaza Long Island City, NY 11101 Attention: Anthony J. Williamson $7.0 Billion Senior Bridge Credit Facility Ladies and Gentlemen: Bank of America, N.A. ("BANK OF AMERICA"), itself or through one of...Metlife Inc • May 6th, 2005 • Insurance agents, brokers & service
Bank of America, N.A. ("BANK OF AMERICA"), itself or through one of its affiliates, is pleased to offer to be the sole and exclusive administrative agent (in such capacity, the "ADMINISTRATIVE AGENT") for a $7.0 Billion Senior Bridge Credit Facility (the "SENIOR CREDIT FACILITY") to MetLife, Inc. ("METLIFE" or the "BORROWER"). Each of Bank of America (itself or through one of its affiliates) and Goldman Sachs Credit Partners L.P. ("GOLDMAN SACHS") is pleased to offer its several commitment to lend up to $3.5 Billion of the Senior Credit Facility, upon and subject to the terms and conditions of this letter and the Summary of Terms and Conditions attached hereto (the "SUMMARY OF TERMS"). Goldman Sachs is pleased to offer to be a syndication agent for the Senior Credit Facility. Each of Banc of America Securities LLC ("BAS") and Goldman Sachs is pleased to advise you of its willingness in connection with the foregoing commitments, as a joint lead arranger and book manager (together, the "
