EXCHANGE RATE CALCULATION AGENCY AGREEMENT BETWEEN BANCO MACRO S.A. AND HSBC BANK ARGENTINA, S.A. DATED AS OF June 7, 2007Exchange Rate Calculation Agency Agreement • August 8th, 2007 • Macro Bank Inc. • Commercial banks, nec • New York
Banco Macro S.A. (the “Company”), a corporation (sociédad anónima) incorporated under the laws of Argentina, proposes to appoint an agent to calculate the Applicable Exchange Rate with respect to the US$100,000,000 10.750% Argentine Peso-Linked Notes Due 2012 (the “Notes”). Terms used but not defined herein shall have the meanings assigned to them in the Indenture dated as of December 18, 2006, among the Company, HSBC Bank USA, National Association, as trustee (the “Trustee”), co-registrar, principal paying agent and transfer agent, and HSBC Bank Argentina S.A. (“HSBC”), as registrar, paying agent, transfer agent and representative of the Trustee in Argentina.
