0001116502-08-001158 Sample Contracts

STANDARD TERMS TO MACROSHARES PARTICIPANTS AGREEMENTS
MacroShares $100 Oil Down Trust • July 21st, 2008 • Asset-backed securities • New York

This supplement (the "Supplement"), dated as of July 3, 2008, is hereby entered into by and among MACRO Securities Depositor (the "Depositor"), State Street Bank and Trust Company, N.A., not in its individual capacity but solely as trustee for the Paired Shares (the "Trustee"), MacroMarkets LLC (the "Administrative Agent") and Credit Suisse Securities USA, LLC (the "Authorized Participant"). The Standard Terms To MacroShares Participants Agreements, dated as of July 2, 2008 (the "Standard Terms"), 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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STANDARD TERMS TO MACROSHARES PARTICIPANTS AGREEMENT
Macroshares Participants Agreement • July 21st, 2008 • MacroShares $100 Oil Down Trust • Asset-backed securities • New York

This supplement (the "Supplement"), dated as of June 27, 2008, is hereby entered into by and among MACRO Securities Depositor (the "Depositor"), State Street Bank and Trust Company, N.A., (the "Trustee"), Macro Financial, LLC (the "Marketing Agent"), MacroMarkets LLC (the "Administrative Agent") and Merrill Lynch Professional Clearing Corp. (the "Authorized Participant"). The Standard Terms, dated as of June 27, 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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