0001193125-07-118447 Sample Contracts

SEPARATION AND DISTRIBUTION AGREEMENT by and between MORGAN STANLEY and DISCOVER FINANCIAL SERVICES Dated as of [ ], 2007
Separation and Distribution Agreement • May 18th, 2007 • Discover Financial Services • Personal credit institutions • New York

SEPARATION AND DISTRIBUTION AGREEMENT dated as of [ ], 2007 (the “Agreement”) between Morgan Stanley, a Delaware corporation (“Morgan Stanley”), and Discover Financial Services, a Delaware corporation (“Discover”).

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