0001193125-07-150060 Sample Contracts

SEPARATION AND DISTRIBUTION AGREEMENT by and between MORGAN STANLEY and DISCOVER FINANCIAL SERVICES Dated as of June 29, 2007
Separation and Distribution Agreement • July 5th, 2007 • Discover Financial Services • Personal credit institutions • New York

SEPARATION AND DISTRIBUTION AGREEMENT dated as of June 29, 2007 (the “Agreement”) between Morgan Stanley, a Delaware corporation (“Morgan Stanley”), and Discover Financial Services, a Delaware corporation (“Discover”).

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TAX SHARING AGREEMENT between MORGAN STANLEY, on behalf of itself and the members of the Distributing Group, and DISCOVER FINANCIAL SERVICES, on behalf of itself and the members of the Controlled Group
Tax Sharing Agreement • July 5th, 2007 • Discover Financial Services • Personal credit institutions • New York

This Agreement is entered into as of the 30th day of June, 2007 between Morgan Stanley (“Distributing”), a Delaware corporation, on behalf of itself and the members of the Distributing Group, as defined below, and Discover Financial Services (“Controlled”), a Delaware corporation, on behalf of itself and the members of the Controlled Group, as defined below.

by and between MORGAN STANLEY and DISCOVER FINANCIAL SERVICES Dated as of June 30, 2007
Employee Matters Agreement • July 5th, 2007 • Discover Financial Services • Personal credit institutions • New York

THIS U.S. EMPLOYEE MATTERS AGREEMENT dated as of June 30, 2007 between Morgan Stanley, a Delaware corporation (“Morgan Stanley”), and Discover Financial Services, a Delaware corporation (“Discover”) (collectively, the “Parties”).

TRANSITIONAL TRADE MARK LICENCE AGREEMENT
Transitional Trade Mark Licence Agreement • July 5th, 2007 • Discover Financial Services • Personal credit institutions • England

Agreement by and between Morgan Stanley & Co. International PLC, a United Kingdom corporation with offices at 25 Cabot Square, Canary Wharf, London E14 4QA, United Kingdom (“Licensor”) and Goldfish Bank Limited, a United Kingdom corporation with offices at 2 Hertsmere House, Canary Wharf, London, E14 4AB, United Kingdom (“Licensee”) made this 30th day of June, 2007 (the “Licence”) (collectively, the “parties”, individually, a “party”).

TRANSITION SERVICES AGREEMENT by and between MORGAN STANLEY and DISCOVER FINANCIAL SERVICES Dated as of June 30, 2007
Transition Services Agreement • July 5th, 2007 • Discover Financial Services • Personal credit institutions • New York

This Transition Services Agreement (this “Agreement”) is entered into as of June 30, 2007 by and between Morgan Stanley, a Delaware corporation (“Morgan Stanley”), and Discover Financial Services, a Delaware corporation (“Discover”).

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