0001116502-08-001029 Sample Contracts

STANDARD TERMS TO MACROSHARES PARTICIPANTS AGREEMENT
Participants Agreement • June 24th, 2008 • MacroShares $100 Oil Up Trust • Asset-backed securities • New York

This supplement (the "Supplement"), dated as of June 23, 2008, is hereby entered into by and among MACRO Securities Depositor (the "Depositor"), State Street Bank and Trust Company, N.A., (the "Trustee"), MacroMarkets LLC (the "Administrative Agent") and the entities who became party hereto from time to time in the capacity of an Authorized Participant (each, an "Authorized Participant" and, collectively, the "Authorized Participants"). The Standard Terms, dated as of June 23, 2008, which contain a form of this Supplement attached thereto as Attachment A, are incorporated herein by reference and the parties hereto shall be required to comply with such Standard Terms as if they were set forth in full herein.

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FOURTH AMENDED AND RESTATED OPERATING AGREEMENT OF MACRO SECURITIES DEPOSITOR, LLC (a Delaware Limited Liability Company) by MACROMARKETS LLC, as the sole Member dated as of June 20, 2008
Operating Agreement • June 24th, 2008 • MacroShares $100 Oil Up Trust • Asset-backed securities • Delaware

This Fourth Amended and Restated Operating Agreement, (as further amended, supplemented or otherwise modified and in effect from time to time, the "Agreement") of MACRO Securities Depositor, LLC, a Delaware limited liability company (the "Company"), is made as of this 20th day of June 2008 by MacroMarkets LLC, a Delaware limited liability company ("MM"), as the sole member of the Company (a "Member" and, together with any other entity that may from time to time become a member of the Company, the "Members").

MACRO SECURITIES DEPOSITOR, LLC, as Depositor, STATE STREET BANK AND TRUST COMPANY, N.A., as Trustee, MACROMARKETS LLC, as the Administrative Agent and MACRO FINANCIAL, LLC, as the Marketing Agent AMENDED AND RESTATED MACROSHARES $100 OIL UP TRUST...
Macroshares $100 Oil Up Trust Agreement • June 24th, 2008 • MacroShares $100 Oil Up Trust • Asset-backed securities • New York

This AMENDED AND RESTATED TRUST AGREEMENT, dated as of April June 23, 2008 (this "Trust Agreement"), is hereby entered into among MACRO SECURITIES DEPOSITOR, LLC, a Delaware limited liability company, as depositor (the "Depositor"), STATE STREET BANK AND TRUST COMPANY, N.A., not in its individual capacity but solely as trustee (the "Trustee"), MACROMARKETS LLC, not in its individual capacity but solely as administrative agent (in such capacity, the "Administrative Agent"), and MACRO FINANCIAL, LLC, as marketing agent (in such capacity, the "Marketing Agent").

CONFIRMATION
Income Distribution Agreement • June 24th, 2008 • MacroShares $100 Oil Up Trust • Asset-backed securities

This letter agreement (this "Confirmation") is intended to confirm the terms and conditions of the transaction (the "Transaction") entered into between us on the Trade Date set forth below.

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