0000950123-06-014237 Sample Contracts

Pitney Bowes Inc. (“Issuer”) Global Medium-Term Notes TERMS AGREEMENT
Terms Agreement • November 16th, 2006 • Pitney Bowes Inc /De/ • Office machines, nec

Reference is made to the Distribution Agreement, dated July 6, 2005, among the Issuer and the distributors named therein (the “Distribution Agreement”) relating to the Issuer’s Global Medium-Term Notes.

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