Exchange and Registration Rights Agreement


 Exhibit 4.28 
  

The Charles Schwab Corporation 
  

3.225% Senior Notes due 2022 
  

 
 Exchange
and Registration Rights Agreement 
  

					
		 		 	 August 27, 2012


 Citigroup Global Markets Inc. 
 390 Greenwich Street 
 New York, New York 10013 

Goldman, Sachs & Co. 
 200 West Street 
 New York, New York 10282 

Wells Fargo Securities, LLC 
 301 South College Street 
 Charlotte, North Carolina 28202 

Ladies and Gentlemen: 
 The Charles Schwab Corporation, a Delaware corporation (the “Company”), proposes to issue upon the terms set forth in the Dealer Managers Agreement (as defined herein) up to $750 million in
aggregate principal amount of its Senior Notes due 2022. As an inducement to the Dealer Managers to enter into the Dealer Managers Agreement and in satisfaction of a condition to the obligations of the Dealer Managers thereunder, the Company agrees
with the Dealer Managers for the benefit of holders (as defined herein) from time to time of the Registrable Securities (as defined herein) as follows: 
 1.    Certain Definitions. For purposes of this Exchange and Registration Rights Agreement (this “Agreement”), the following terms shall have the following
respective meanings: 
 “Base Interest” shall mean the interest that would
otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this Agreement. 
 The term “broker-dealer” shall mean any broker or dealer registered with the Commission under the Exchange Act. 

“Business Day” shall have the meaning set forth in Rule 13e-4(a)(3) promulgated by the
Commission under the Exchange Act, as the same may be amended or succeeded from time to time. 

“Commission” shall mean the United States Securities and Exchange Commission, or any other
federal agency at the time administering the Exchange Act or the Securities Act, whichever is the relevant statute for the particular purpose. 






 “Dealer Managers Agreement” shall mean the
Dealer Managers Agreement, dated as of August 1, 2012, as amended by the Amendment to Dealer Managers Agreement, dated August 22, 2012, among the Dealer Managers and the Company. 

“Dealer Manager” or “Dealer Managers” shall mean the Dealer Managers named
in the Dealer Managers Agreement. 
 “EDGAR System” means the EDGAR filing system
of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without
regard to format). 
 “Effective Time,” in the case of (i) an Exchange
Registration, shall mean the time and date as of which the Commission declares the Exchange Registration Statement effective or as of which the Exchange Registration Statement otherwise becomes effective and (ii) a Shelf Registration, shall
mean the time and date as of which the Commission declares the Shelf Registration Statement effective or as of which the Shelf Registration Statement otherwise becomes effective or if the Company elects to file a prospectus supplement under an
effective automatic shelf registration statement on file, the time and date as of which such prospectus supplement is filed. 
 “Electing Holder” shall mean any holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(d)(ii) or
Section 3(d)(iii) and the instructions set forth in the Notice and Questionnaire. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules
and regulations promulgated by the Commission thereunder, as the same may be amended or succeeded from time to time. 
 “Exchange Offer” shall have the meaning assigned thereto in Section 2(a). 
 “Exchange Registration” shall have the meaning assigned thereto in Section 3(c). 

“Exchange Registration Statement” shall have the meaning assigned thereto in
Section 2(a). 
 “Exchange Securities” shall have the meaning assigned
thereto in Section 2(a). 
 “Exchange Suspension Period” shall have the
meaning assigned thereto in Section 2(a). 
 “Final Settlement Date” shall
mean the final settlement date of the Initial Exchange Offer. 
 The term “holder”
shall mean each person who acquires Securities from time to time (including any successors or assigns), in each case for so long as such person owns any Securities. 

“Indenture” shall mean the Indenture, dated as of June 5, 2009 (as amended, modified
or supplemented from time to time in accordance therewith) between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented by the Third Supplemental Indenture, dated as of August 27, 2012, as the same may be
amended from time to time. 

  
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 “Initial Exchange Offer” shall mean the
Company’s offer to exchange any and all of its $750,000,000 aggregate principal amount of 4.950% Senior Notes due 2014 for Senior Notes due 2022, to be issued upon the terms set forth in the Dealer Managers Agreement, and cash, upon the terms
and subject to the conditions set forth in the offering memorandum dated August 1, 2012 and accompanying letter of transmittal, in each case, as may be amended or supplemented (including by documents incorporated by reference therein).

 “Notice and Questionnaire” means a Notice of Registration Statement and Selling
Securityholder Questionnaire substantially in the form of Exhibit A hereto. 

“Participating Broker-Dealer” shall mean a broker-dealer that receives Exchange Securities
pursuant to an Exchange Offer for its own account in exchange for Registrable Securities acquired by the broker-dealer as a result of market-making or other trading activities. 

The term “person” shall mean a corporation, limited liability company, association,
partnership, organization, business, individual, government or political subdivision thereof or governmental agency. 
 “Registrable Securities” shall mean the Securities; provided, however, that a Security shall cease to be a Registrable Security upon the earliest to occur of the following:
(i) in the circumstances contemplated by Section 2(a), the Security has been exchanged for an Exchange Security in an Exchange Offer as contemplated in Section 2(a) (provided that any Exchange Security that, pursuant to the
last two sentences of Section 2(a), is included in a prospectus for use in connection with resales by Participating Broker-Dealers shall be deemed to be a Registrable Security with respect to Sections 5, 6 and 9 until expiration of the Resale
Period); (ii) in the circumstances contemplated by Section 2(b), a Shelf Registration Statement registering such Security under the Securities Act has been declared or becomes effective and such Security has been sold or otherwise
transferred by the holder thereof pursuant to and in a manner contemplated by such effective Shelf Registration Statement or the Company’s obligations to keep the Shelf Registration Statement effective have expired; (iii) subject to
Section 8(b), such Security is actually sold by the holder thereof pursuant to Rule 144 under circumstances in which any legend borne by such Security relating to restrictions on transferability thereof, under the Securities Act or
otherwise, is removed by the Company or pursuant to the Indenture; or (iv) such Security shall cease to be outstanding. 
 “Registration Default” shall have the meaning assigned thereto in Section 2(c). 
 “Registration Default Period” shall have the meaning assigned thereto in Section 2(c). 

“Registration Expenses” shall have the meaning assigned thereto in Section 4.

 “Resale Period” shall have the meaning assigned thereto in Section 2(a).

 “Restricted Holder” shall mean (i) a holder that is an affiliate of the
Company within the meaning of Rule 405, (ii) a holder who acquires Exchange Securities outside the ordinary course of such holder’s business, (iii) a holder who has arrangements or understandings with any person to participate in
the Exchange Offer for the purpose of distributing Exchange Securities and (iv) a holder that is a broker-dealer, but only with respect to Exchange Securities received by such broker-dealer pursuant to an Exchange Offer in exchange for
Registrable Securities acquired by the broker-dealer for its own account other than as a result of market-making or other trading activities. 

  
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 “Rule 144,” “Rule 405”,
“Rule 415”, “Rule 424”, “Rule 430B” and “Rule 433” shall mean, in each case, such rule promulgated by the Commission under the Securities Act (or any successor provision), as
the same may be amended or succeeded from time to time. 
 “Securities” shall
mean, collectively, the Company’s Senior Notes due 2022 to be issued upon the terms set forth in the Dealer Managers Agreement and securities issued in exchange therefor or in lieu thereof pursuant to the Indenture. 

“Securities Act” shall mean the Securities Act of 1933, as amended, and the rules and
regulations promulgated by the Commission thereunder, as the same may be amended or succeeded from time to time. 
 “Shelf Registration” shall have the meaning assigned thereto in Section 2(b). 
 “Shelf Registration Statement” shall have the meaning assigned thereto in Section 2(b). 

“Shelf Suspension Period” shall have the meaning assigned thereto in Section 2(b).

 “Special Interest” shall have the meaning assigned thereto in
Section 2(c). 
 “Trust Indenture Act” shall mean the Trust Indenture Act of
1939, as amended, and the rules and regulations promulgated by the Commission thereunder, as the same may be amended or succeeded from time to time. 

“Trustee” shall mean The Bank of New York Mellon Trust Company, N.A. as trustee under the
Indenture, together with any successors thereto in such capacity. 
 Unless the context otherwise requires, any reference herein to
a “Section” or “clause” refers to a Section or clause, as the case may be, of this Agreement, and the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this
Agreement as a whole and not to any particular Section or other subdivision. 

2.       Registration Under the Securities Act. 

(a)    Except as set forth in Section 2(b) below, the Company agrees to use
commercially reasonable efforts to file under the Securities Act, no later than 180 calendar days after the Final Settlement Date, a registration statement relating to an offer to exchange (such registration statement, the “Exchange
Registration Statement”, and such offer, the “Exchange Offer”) any and all of the Registrable Securities for a like aggregate principal amount of debt securities issued by the Company, which debt securities are
substantially identical to the Securities (and are entitled to the benefits of the Indenture), except that they have been registered pursuant to an effective registration statement under the Securities Act and do not contain provisions for Special
Interest contemplated in Section 2(c) below (such new debt securities hereinafter called “Exchange Securities”). The Company agrees to use commercially reasonable efforts to cause the Exchange Registration Statement to become
effective under the Securities Act no later than 270 calendar days after the Final Settlement Date (unless the Exchange Registration Statement (including documents incorporated by reference therein) is reviewed by the Commission, in which case no
later than 330 calendar days after the Final Settlement Date). The Exchange Offer will be registered under the Securities Act on the appropriate form and will comply with all applicable tender offer rules and regulations under the Exchange Act.
Unless the Exchange Offer would not be permitted by applicable law or Commission policy, the Company further agrees to use commercially reasonable efforts to (i) commence the Exchange Offer promptly (but no later than 10


  
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Business Days) following the Effective Time of such Exchange Registration Statement, (ii) hold the Exchange Offer open for at least 20 Business Days or such longer period as may be required
under Regulation 14E promulgated by the Commission under the Exchange Act and (iii) exchange Exchange Securities for all Registrable Securities that have been properly tendered and not withdrawn promptly following the expiration of the Exchange
Offer. The Exchange Offer will be deemed to have been “completed” only (i) if the debt securities received by holders other than Restricted Holders in the Exchange Offer for Registrable Securities are, upon receipt, transferable by
each such holder without restriction under the Securities Act and the Exchange Act and without material restrictions under the blue sky or securities laws of a substantial majority of the States of the United States of America and (ii) upon the
Company having exchanged, pursuant to the Exchange Offer, Exchange Securities for all Registrable Securities that have been properly tendered and not withdrawn before the expiration of the Exchange Offer, which shall be on a date that is not more
than 60 calendar days following the Effective Time of the Exchange Registration Statement. The Company agrees (x) to include in the Exchange Registration Statement a prospectus for use in any resales by any holder of Exchange Securities that is
a Participating Broker-Dealer and (y) to keep such Exchange Registration Statement effective for a period (the “Resale Period”) beginning when Exchange Securities are first issued in the Exchange Offer and ending upon the
earlier of the expiration of the 180th day after the Exchange
Offer has been completed or such time as such Participating Broker-Dealers no longer own any Registrable Securities. Notwithstanding anything to the contrary in this Section 2(a), upon notice to the Participating Broker-Dealers, the Company may
suspend the use or the effectiveness of such Exchange Registration Statement, for up to 60 consecutive calendar days and up to 90 calendar days in the aggregate, in each case in the period commencing on the completion of the Exchange Offer and
ending at the end of the Resale Period (an “Exchange Suspension Period”) if the Company determines that there is a valid business purpose for suspension of the Exchange Registration Statement; provided that the Company shall
promptly notify the Participating Broker Dealers when the Exchange Registration Statement may once again be used. With respect to such Exchange Registration Statement, such Participating Broker-Dealers shall have the benefit of the rights of
indemnification and contribution set forth in Subsections 6(a), (c), (d) and (e). 
 (b)  If  (i)  on or prior to the time the Exchange Offer is completed existing law or Commission interpretations are changed such that the debt securities received by holders
other than Restricted Holders in the Exchange Offer for Registrable Securities are not or would not be, upon receipt, transferable by each such holder without restriction under the Securities Act, (ii) the Effective Time of the Exchange
Registration Statement is not within 270 calendar days following the Final Settlement Date (unless the Exchange Registration Statement (including documents incorporated by reference therein) is reviewed by the Commission, in which case 330 calendar
days following the Final Settlement Date) and the Exchange Offer has not been completed within 60 calendar days of such Effective Time or (iii) any holder of Registrable Securities notifies the Company prior to the 20th Business Day following the completion of the Exchange Offer that:
(A) it is prohibited by law or Commission policy from participating in the Exchange Offer, (B) it may not resell the Exchange Securities to the public without delivering a prospectus and the prospectus supplement contained in the Exchange
Registration Statement is not appropriate or available for such resales or (C) it is a broker-dealer and owns Securities for its own account acquired other than as a result of market-making or other trading activities, then the Company shall,
in lieu of (or, in the case of clause (iii), in addition to) conducting the Exchange Offer contemplated by Section 2(a), file under the Securities Act on or prior to 60 calendar days after the earlier of any event in clauses (i), (ii) or
(iii) of this Section 2(b) (but no earlier than 180 calendar days after the Final Settlement Date), a “shelf” registration statement providing for the registration of, and 


  
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the sale on a continuous or delayed basis by the holders of, all of the Registrable Securities, pursuant to Rule 415 or any similar rule that may be adopted by the Commission (such filing,
the “Shelf Registration” and such registration statement, the “Shelf Registration Statement”). The Company agrees to use commercially reasonable efforts to cause the Shelf Registration Statement to become or be
declared effective under the Securities Act no later than 180 calendar days after the earlier of any event in clauses (i), (ii) or (iii) of this Section 2(b) (unless such Shelf Registration Statement is reviewed by the Commission, in
which case no later than 270 calendar days after such event) or, if later, 270 calendar days after the Final Settlement Date (unless such Shelf Registration Statement is reviewed by the Commission, in which case no later than 330 calendar days after
the Final Settlement Date); provided, that if at any time the Company is or becomes a “well-known seasoned issuer” (as defined in Rule 405) and is eligible to file an “automatic shelf registration statement” (as
defined in Rule 405), then the Company shall file the Shelf Registration Statement in the form of an automatic shelf registration statement as provided in Rule 405, or if it has an effective automatic shelf registration, file a prospectus
supplement thereunder. The Company agrees to use commercially reasonable efforts to keep such Shelf Registration Statement continuously effective for a period ending on the earliest of the first anniversary of the Effective Time, the date on which
all such Registrable Securities have been sold as contemplated or such time as there are no longer any Registrable Securities outstanding. No holder shall be entitled to be named as a selling securityholder in the Shelf Registration Statement or to
use the prospectus forming a part thereof for resales of Registrable Securities unless such holder is an Electing Holder. The Company agrees, after the Effective Time of the Shelf Registration Statement and promptly upon the request of any holder of
Registrable Securities that is not then an Electing Holder, to use commercially reasonable efforts to enable such holder to use the prospectus forming a part thereof for resales of Registrable Securities, including, without limitation, any action
necessary to identify such holder as a selling securityholder in the Shelf Registration Statement (whether by post-effective amendment thereto or by filing a prospectus pursuant to Rules 430B and 424(b) under the Securities Act identifying such
holder), provided, however, that nothing in this sentence shall relieve any such holder of the obligation to return a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(d)(iii). Notwithstanding
anything to the contrary in this Section 2(b), upon notice to the Electing Holders, the Company may suspend the use or the effectiveness of such Shelf Registration Statement, or extend the time period in which it is required to file the Shelf
Registration Statement, for up to 60 consecutive calendar days and up to 90 calendar days in the aggregate, in each case in the 12-month period commencing on the Effective Time of the Shelf Registration Statement and ending on the first anniversary
of the Effective Time of the Shelf Registration Statement (a “Shelf Suspension Period”) if the Company determines that there is a valid business purpose for suspension of the Shelf Registration Statement; provided that the
Company shall promptly notify the Electing Holders when the Shelf Registration Statement may once again be used or is effective. 
 (c)  In the event that (i) the Company has not filed the Exchange Registration Statement or the Shelf Registration Statement on or before the date on which such registration statement is
required to be filed pursuant to Section 2(a) or Section 2(b), respectively, or (ii) such Exchange Registration Statement or Shelf Registration Statement has not become effective or been declared effective by the Commission on or
before the date on which such registration statement is required to become or be declared effective pursuant to Section 2(a) or Section 2(b), respectively, or (iii) the Exchange Offer has not been completed within 60 calendar days
after the Effective Time of the Exchange Registration Statement relating to the Exchange Offer (if the Exchange Offer is then required to be made) or (iv) any Exchange Registration Statement or Shelf Registration Statement required by


  
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Section 2(a) or Section 2(b) is filed and declared effective but thereafter ceases to be continuously effective (except as specifically permitted herein, including, with
respect to any Exchange Registration Statement, during any applicable Exchange Suspension Period in accordance with the penultimate sentence of Section 2(a), and with respect to any Shelf Registration Statement, during any applicable Shelf
Suspension Period in accordance with the last sentence of Section 2(b)), or the prospectus contained in such Exchange Registration Statement ceases to be usable for its intended purpose (A) at any time prior to the expiration of the Resale
Period or (B) if related to corporate developments, public filings with the Commission or similar events or because such prospectus contains an untrue statement of a material fact or omits to state a material fact required to be stated therein
or necessary in order to make the statements therein not misleading, and such failure continues for more than 45 calendar days (whether or not consecutive and whether or not arising out of a single or multiple circumstances) in any twelve month
period (each such event referred to in clauses (i) through (iv), a “Registration Default” and each period during which a Registration Default has occurred and is continuing, a “Registration Default Period”),
then, as liquidated damages for such Registration Default, subject to the provisions of Section 9(b), from and including the date such Registration Default shall occur, to, but excluding the date such Registration Default has been cured,
special interest (“Special Interest”), in addition to the Base Interest, shall accrue on all Registrable Securities then outstanding at a per annum rate of 0.25%, plus an additional 0.25% per annum from and during any period in
which such event has continued for more than 90 calendar days up to a maximum rate of 0.50% per annum. Special Interest shall accrue and be payable only with respect to a single Registration Default at any given time, notwithstanding the fact
that multiple Registration Defaults may exist at such time. In no event will the Special Interest on Registrable Notes exceed 0.50% per year. 

(d)  The Company shall take all actions necessary or advisable to be taken by it to ensure that
the transactions contemplated herein are effected as so contemplated. 
 (e)  Any
reference herein to a registration statement or prospectus as of any time shall be deemed to include any document incorporated, or deemed to be incorporated, therein by reference as of such time; and any reference herein to any post-effective
amendment to a registration statement or to any prospectus supplement as of any time shall be deemed to include any document incorporated, or deemed to be incorporated, therein by reference as of such time. 

3.     Registration Procedures. 

If the Company files a registration statement pursuant to Section 2(a) or Section 2(b), the following provisions
shall apply: 
 (a)  At or before the Effective Time of the Exchange Registration or any
Shelf Registration, whichever may occur first, the Company shall qualify the Indenture under the Trust Indenture Act. 
 (b)  In the event that such qualification would require the appointment of a new trustee under the Indenture, the Company shall appoint a new trustee thereunder pursuant to the applicable
provisions of the Indenture. 
 (c)  In connection with the Company’s obligations
with respect to the registration of Exchange Securities as contemplated by Section 2(a) (the “Exchange Registration”), if applicable, the Company shall: 

  
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 (i)      use its commercially
reasonable efforts to prepare and file with the Commission, no later than 180 calendar days after the Final Settlement Date, an Exchange Registration Statement on any form which may be utilized by the Company and which shall permit the Exchange
Offer and resales of Exchange Securities by Participating Broker-Dealers during the Resale Period to be effected as contemplated by Section 2(a), and use commercially reasonable efforts to cause such Exchange Registration Statement to become
effective no later than 270 calendar days after the Final Settlement Date (unless the Exchange Registration Statement (including documents incorporated by reference therein) is reviewed by the Commission, in which case no later than 330 calendar
days after the Final Settlement Date); 
 (ii)     as soon as practicable
prepare and file with the Commission such amendments and supplements to such Exchange Registration Statement and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Exchange Registration Statement for
the periods and purposes contemplated in Section 2(a) and as may be required by the applicable rules and regulations of the Commission and the instructions applicable to the form of such Exchange Registration Statement, and promptly provide
each Participating Broker-Dealer holding Exchange Securities with such number of copies of the prospectus included therein (as then amended or supplemented), in conformity in all material respects with the requirements of the Securities Act and the
Trust Indenture Act, as such Participating Broker-Dealer reasonably may request prior to the expiration of the Resale Period, for use in connection with resales of Exchange Securities; 

(iii)    promptly notify each Participating Broker-Dealer that has requested or received
copies of the prospectus included in such Exchange Registration Statement, and confirm such information in writing, of the existence or occurrence of any of the following: (A) when such Exchange Registration Statement or the prospectus included
therein or any prospectus amendment or supplement or post-effective amendment has been filed, and, with respect to such Exchange Registration Statement or any post-effective amendment, when the same has become effective, (B) of any comments by
the Commission and by the blue sky or securities commissioner or regulator of any state with respect thereto or any request by the Commission for amendments or supplements to such Exchange Registration Statement or prospectus or for additional
information, (C) of the issuance by the Commission of any stop order suspending the effectiveness of such Exchange Registration Statement or the initiation or threatening of any proceedings for that purpose, (D) if at any time the
representations and warranties of the Company contemplated by Section 5 cease to be true and correct in all material respects, (E) of the receipt by the Company of any notification with respect to the suspension of the qualification of the
Exchange Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (F) the occurrence of any event that causes the Company to become an “ineligible issuer” as defined in
Rule 405, or (G) if at any time during the Resale Period when a prospectus is required to be delivered under the Securities Act, that such Exchange Registration Statement, prospectus, prospectus amendment or supplement or post-effective
amendment does not conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act or contains an untrue statement of a material fact or omits to state any material fact required to be stated therein
or necessary to make the statements therein not misleading in light of the circumstances then existing; 

  
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 (iv)    in the event that the Company would
be required, pursuant to Section 3(c)(iii)(G), to notify any Participating Broker-Dealers holding Exchange Securities, promptly prepare and furnish to each such holder a reasonable number of copies of a prospectus supplemented or amended so
that, as thereafter delivered to purchasers of such Exchange Securities during the Resale Period, such prospectus shall conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and shall not
contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing; 

(v)     use commercially reasonable efforts to obtain the withdrawal of any order
suspending the effectiveness of such Exchange Registration Statement or any post-effective amendment thereto at the earliest practicable date; 
 (vi)    use commercially reasonable efforts to (A) register or qualify the Exchange Securities under the securities laws or blue sky laws of such United States jurisdictions as are
contemplated by Section 2(a) no later than the commencement of the Exchange Offer, to the extent required by such laws, (B) keep such registrations or qualifications in effect and comply with such laws so as to permit the continuance of
offers, sales and dealings therein in such jurisdictions until the expiration of the Resale Period, (C) take any and all other actions as may be reasonably necessary or advisable to enable each Participating Broker-Dealer holding Exchange
Securities to consummate the disposition thereof in such jurisdictions and (D) obtain the consent or approval of each governmental agency or authority, whether federal, state or local, which may be required to effect the Exchange Registration,
the Exchange Offer and the offering and sale of Exchange Securities by Participating Broker-Dealers during the Resale Period; provided, however, that the Company shall not be required for any such purpose to (1) qualify as a foreign
corporation in any jurisdiction wherein it would not otherwise be required to qualify but for the requirements of this Section 3(c)(vi), (2) consent to general service of process in any such jurisdiction or become subject to taxation in
any such jurisdiction or (3) make any changes to its certificate of incorporation or by-laws or other governing documents or any agreement between it and its stockholders; 

(vii)   obtain a CUSIP number for all Exchange Securities, not later than the applicable
Effective Time; and 
 (viii)  comply with all applicable rules and regulations of the
Commission, and make generally available to its securityholders no later than eighteen months after the Effective Time of such Exchange Registration Statement, an “earning statement” of the Company and its subsidiaries complying with
Section 11(a) of the Securities Act (including, at the option of the Company, Rule 158 thereunder). 

(d)   In connection with the Company’s obligations with respect to the Shelf Registration, if
applicable, the Company shall: 
 (i)      prepare and file with the
Commission, within the time periods specified in Section 2(b), a Shelf Registration Statement on any form which may be utilized by the Company (or, if the Company has an effective automatic shelf registration statement on file, a prospectus
supplement) and which shall register all of the Registrable Securities for resale by the holders thereof in accordance with such method or methods of disposition as may be specified by the holders of Registrable


  
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Securities as, from time to time, may be Electing Holders and use commercially reasonable efforts to cause such Shelf Registration Statement to become effective within the time periods specified
in Section 2(b); 
 (ii)    mail the Notice and Questionnaire to the
holders of Registrable Securities (A) not less than 30 calendar days prior to the anticipated Effective Time of the Shelf Registration Statement or (B) in the case of an “automatic shelf registration statement” (as defined in
Rule 405), mail the Notice and Questionnaire to the holders of Registrable Securities not later than the Effective Time of such Shelf Registration Statement (or the date of filing of such prospectus supplement if the Company has an effective
automatic shelf registration on file), and in any such case no holder shall be entitled to be named as a selling securityholder in the Shelf Registration Statement, and no holder shall be entitled to use the prospectus forming a part thereof for
resales of Registrable Securities at any time, unless and until such holder has returned a completed and signed Notice and Questionnaire to the Company by the deadline for response set forth therein; 

(iii)   after the Effective Time of the Shelf Registration Statement, during the
effectiveness of the Shelf Registration Statement, upon the request of any holder of Registrable Securities that is not then an Electing Holder, promptly send a Notice and Questionnaire to such holder; provided that the Company shall not be
required to take any action to name such holder as a selling securityholder in the Shelf Registration Statement or to enable such holder to use the prospectus forming a part thereof for resales of Registrable Securities until such holder has
returned a completed and signed Notice and Questionnaire to the Company; 

(iv)   as soon as practicable prepare and file with the Commission such amendments and
supplements to such Shelf Registration Statement and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Shelf Registration Statement for the period specified in Section 2(b) and as may be
required by the applicable rules and regulations of the Commission and the instructions applicable to the form of such Shelf Registration Statement, and furnish to the Electing Holders copies of any such supplement or amendment simultaneously with
or prior to its being used or filed with the Commission to the extent such documents are not publicly available on the Commission’s EDGAR System; 

(v)    comply with the provisions of the Securities Act with respect to the disposition
of all of the Registrable Securities covered by such Shelf Registration Statement in accordance with the intended methods of disposition by the Electing Holders provided for in such Shelf Registration Statement; 

(vi)   for a reasonable period prior to the filing of such Shelf Registration Statement, and
throughout the period specified in Section 2(b), make available at reasonable times at the Company’s principal place of business or such other reasonable place for inspection by Electing Holders who shall certify to the Company that they
have a current intention to sell the Registrable Securities pursuant to the Shelf Registration such financial and other information and books and records of the Company, and cause the officers, employees, counsel and independent certified public
accountants of the Company to respond to such inquiries, as shall be reasonably necessary (and in the case of counsel, not violate an attorney-client privilege, in such counsel’s reasonable belief), to conduct a reasonable investigation


  
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within the meaning of Section 11 of the Securities Act; provided, however, that the foregoing inspection and information gathering on behalf of the Electing Holders shall be conducted
by one counsel designated by the holders of at least a majority in aggregate principal amount of the Registrable Securities held by the Electing Holders at the time outstanding and provided further that each such party shall be required to
maintain in confidence and not to disclose to any other person any information or records considered by the Company as being confidential, until such time as (A) such information becomes a matter of public record (whether by virtue of its
inclusion in such Shelf Registration Statement or otherwise, provided that such information does not become public through unauthorized disclosure by such person(s)), or (B) such person shall be required so to disclose such information pursuant
to a subpoena or order of any court or other governmental agency or body having jurisdiction over the matter (subject to the requirements of such order, and only after such person shall have given the Company prompt prior written notice of such
requirement), or (C) such information is required to be set forth in such Shelf Registration Statement or the prospectus included therein or in an amendment to such Shelf Registration Statement or an amendment or supplement to such prospectus
in order that such Shelf Registration Statement, prospectus, amendment or supplement, as the case may be, complies with applicable requirements of the federal securities laws and the rules and regulations of the Commission and does not contain an
untrue statement of a material fact or omit to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing; 

(vii)   promptly notify each of the Electing Holders and confirm such information in writing,
of the existence or occurrence of any of the following: (A) when such Shelf Registration Statement or the prospectus included therein or any prospectus amendment or supplement or post-effective amendment has been filed, and, with respect to
such Shelf Registration Statement or any post-effective amendment, when the same has become effective, (B) of any comments by the Commission and by the blue sky or securities commissioner or regulator of any state with respect thereto or any
request by the Commission for amendments or supplements to such Shelf Registration Statement or prospectus or for additional information, (C) of the issuance by the Commission of any stop order suspending the effectiveness of such Shelf
Registration Statement or the initiation or threatening of any proceedings for that purpose, (D) if at any time the representations and warranties of the Company set forth in Section 5 cease to be true and correct in all material respects,
(E) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose,
(F) the occurrence of any event that causes the Company to become an “ineligible issuer” as defined in Rule 405, or (G) if at any time when a prospectus is required to be delivered under the Securities Act, that such Shelf
Registration Statement, prospectus, prospectus amendment or supplement or post-effective amendment does not conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act or contains an untrue
statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing; 

(viii)  use commercially reasonable efforts to obtain the withdrawal of any order suspending the
effectiveness of such Shelf Registration Statement or any post-effective amendment thereto at the earliest practicable date; 

  
 11 







 (ix)    if reasonably requested by any
Electing Holder, promptly incorporate in a prospectus supplement or post-effective amendment such information as is required by the applicable rules and regulations of the Commission and as such Electing Holder specifies should be included therein
relating to the terms of the sale of such Registrable Securities, including information with respect to the principal amount of Registrable Securities being sold by such Electing Holder, the name and description of such Electing Holder, the offering
price of such Registrable Securities and any discount, commission or other compensation payable in respect thereof and with respect to any other terms of the offering of the Registrable Securities to be sold by such Electing Holder; and make all
required filings of such prospectus supplement or post-effective amendment promptly after notification of the matters to be incorporated in such prospectus supplement or post-effective amendment; 

(x)    furnish to each Electing Holder an executed copy (or a conformed copy) of such
Shelf Registration Statement, each such amendment and supplement thereto (in each case including all exhibits thereto (in the case of an Electing Holder of Registrable Securities, upon request) and documents incorporated by reference therein) and
such number of copies of such Shelf Registration Statement (excluding exhibits thereto and documents incorporated by reference therein unless specifically so requested by such Electing Holder) and of the prospectus included in such Shelf
Registration Statement (including each preliminary prospectus and any summary prospectus), in conformity in all material respects with the applicable requirements of the Securities Act and the Trust Indenture Act to the extent such documents are not
available through the Commission’s EDGAR System, and such other documents, as such Electing Holder may reasonably request in order to facilitate the offering and disposition of the Registrable Securities owned by such Electing Holder and to
permit such Electing Holder to satisfy the prospectus delivery requirements of the Securities Act; and subject to Section 3(e), the Company hereby consents to the use of such prospectus (including such preliminary and summary prospectus) and
any amendment or supplement thereto by each such Electing Holder (subject to any applicable Shelf Suspension Period), in each case in the form most recently provided to such person by the Company, in connection with the offering and sale of the
Registrable Securities covered by the prospectus (including such preliminary and summary prospectus) or any supplement or amendment thereto; 
 (xi)    use commercially reasonable efforts to (A) register or qualify the Registrable Securities to be included in such Shelf Registration Statement under such securities laws or
blue sky laws of such United States jurisdictions as any Electing Holder shall reasonably request, (B) keep such registrations or qualifications in effect and comply with such laws so as to permit the continuance of offers, sales and dealings
therein in such jurisdictions during the period the Shelf Registration Statement is required to remain effective under Section 2(b), (C) take any and all other actions as may be reasonably necessary or advisable to enable each such
Electing Holder to consummate the disposition in such jurisdictions of such Registrable Securities and (D) obtain the consent or approval of each governmental agency or authority, whether federal, state or local, which may be required to effect
the Shelf Registration or the offering or sale in connection therewith or to enable the selling holder or holders to offer, or to consummate the disposition of, their Registrable Securities; provided, however, that the Company shall not be
required for any such purpose to (1) qualify as a foreign corporation in any jurisdiction wherein it would not otherwise be required to qualify but for the requirements of this Section 3(d)(xi), (2) consent to general service of
process in any such jurisdiction or 

  
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become subject to taxation in any such jurisdiction or (3) make any changes to its certificate of incorporation or by-laws or other governing documents or any agreement between it and its
stockholders; 
 (xii)    unless any Registrable Securities shall be in
book-entry only form, cooperate with the Electing Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates, if so required by any securities exchange upon which any
Registrable Securities are listed, shall be printed, penned, lithographed, engraved or otherwise produced by any combination of such methods, on steel engraved borders, and which certificates shall not bear any restrictive legends; 

(xiii)    notify in writing each holder of Registrable Securities of any proposal by the
Company to amend or waive any provision of this Agreement pursuant to Section 9(h) and of any amendment or waiver effected pursuant thereto, each of which notices shall contain the text of the amendment or waiver proposed or effected, as the
case may be; and 
 (xiv)    comply with all applicable rules and regulations
of the Commission, and make generally available to its securityholders no later than eighteen months after the Effective Time of such Shelf Registration Statement an “earning statement” of the Company and its subsidiaries complying with
Section 11(a) of the Securities Act (including, at the option of the Company, Rule 158 thereunder). 
 (e)    In the event that the Company would be required, pursuant to Section 3(d)(vii)(G), to notify the Electing Holders, the Company shall promptly prepare and furnish to each of
the Electing Holders a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter delivered to purchasers of Registrable Securities, such prospectus shall conform in all material respects to the applicable
requirements of the Securities Act and the Trust Indenture Act and shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in
light of the circumstances then existing. Each Electing Holder agrees that upon receipt of any notice from the Company pursuant to Section 3(d)(vii)(G), such Electing Holder shall forthwith discontinue the disposition of Registrable Securities
pursuant to the Shelf Registration Statement applicable to such Registrable Securities until such Electing Holder shall have received copies of such amended or supplemented prospectus, and if so directed by the Company, such Electing Holder shall
deliver to the Company (at the Company’s expense) or destroy all copies, other than permanent file copies, of the prospectus covering such Registrable Securities in such Electing Holder’s possession at the time of receipt of such notice.

 (f)    In the event of a Shelf Registration, in addition to the information
required to be provided by each Electing Holder in its Notice and Questionnaire, the Company may require such Electing Holder to furnish to the Company such additional information regarding such Electing Holder and such Electing Holder’s
intended method of distribution of Registrable Securities as may be required in order to comply with the Securities Act. Each such Electing Holder agrees to notify the Company as promptly as practicable of any inaccuracy or change in information
previously furnished by such Electing Holder to the Company or of the occurrence of any event in either case as a result of which any prospectus relating to such Shelf Registration contains or would contain an untrue statement of a material fact
regarding such Electing Holder or such Electing Holder’s intended method of disposition of such Registrable Securities or omits to state any material fact regarding such Electing Holder or


  
 13 







 
such Electing Holder’s intended method of disposition of such Registrable Securities required to be stated therein or necessary to make the statements therein not misleading in light of the
circumstances then existing, and promptly to furnish to the Company any additional information required to correct and update any previously furnished information or required so that such prospectus shall not contain, with respect to such Electing
Holder or the disposition of such Registrable Securities, an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances
then existing. 
 (g)    Until the expiration of one year after the Final
Settlement Date, the Company will not, and will not permit any of its “affiliates” (as defined in Rule 144) to, resell any of the Securities that have been reacquired by any of them except pursuant to an effective registration
statement, or a valid exemption from the registration requirements pursuant to Rule 144, under the Securities Act. 
 (h)    As a condition to its participation in the Exchange Offer, each holder of Registrable Securities shall furnish, upon the request of the Company, a written representation to the
Company (which may be contained in the letter of transmittal or “agent’s message” transmitted via The Depository Trust Company’s Automated Tender Offer Procedures, in either case contemplated by the Exchange Registration
Statement) to the effect that (A) it is not an “affiliate” of the Company, as defined in Rule 405 of the Securities Act, or if it is such an “affiliate”, it will comply with the registration and prospectus delivery
requirements of the Securities Act to the extent applicable, (B) it is not engaged in and does not intend to engage in, and has no arrangement or understanding with any person to participate in, a distribution of the Exchange Securities to be
issued in the Exchange Offer, (C) it is acquiring the Exchange Securities in its ordinary course of business, (D) if it is a Participating Broker-Dealer, it will deliver a prospectus meeting the requirements of the Securities Act in
connection with any resales of the Exchange Securities received by it in the Exchange Offer, and (E) it is not acting on behalf of any person who could not truthfully and completely make the representations contained in the foregoing subclauses
(A) through (D). 
 4.     Registration Expenses. 

The Company agrees to bear and to pay or cause to be paid promptly all expenses incident to the Company’s performance
of or compliance with this Agreement, including (a) all Commission and any FINRA registration, filing and review fees and expenses including reasonable fees and disbursements of one counsel for the Electing Holders in connection with such
registration, filing and review, (b) all fees and expenses in connection with the qualification of the Registrable Securities and the Exchange Securities, as applicable, for offering and sale under the State securities and blue sky laws
referred to in Section 3(d)(xi) including any reasonable fees and disbursements of one counsel for the Electing Holders in connection with such qualification, (c) all expenses relating to the preparation, printing, production, distribution
and reproduction of each registration statement required to be filed hereunder, each prospectus included therein or prepared for distribution pursuant hereto, each amendment or supplement to the foregoing, the expenses of preparing the Registrable
Securities or Exchange Securities, as applicable, for delivery and the expenses of printing or producing any selling agreements and blue sky or legal investment memoranda and all other documents in connection with the offering, sale or delivery of
Registrable Securities or Exchange Securities, as applicable, to be disposed of (including certificates representing the Registrable Securities or Exchange Securities, as applicable), (d) messenger, telephone and delivery expenses relating to
the offering, sale or delivery of Registrable Securities or Exchange Securities, as applicable, and the preparation of documents referred in clause (c) above, (e) fees and expenses of the Trustee


  
 14 







 
under the Indenture, any agent of the Trustee and any counsel for the Trustee and of any collateral agent or custodian, (f) internal expenses (including all salaries and expenses of the
Company’s officers and employees performing legal or accounting duties in connection with the Company’s obligations under this Agreement), (g) reasonable fees, disbursements and expenses of counsel and independent certified public
accountants of the Company, (h) reasonable fees, disbursements and expenses of one counsel for the Electing Holders retained in connection with a Shelf Registration, as selected by the Electing Holders of at least a majority in aggregate
principal amount of the Registrable Securities held by Electing Holders (which counsel shall be reasonably satisfactory to the Company), (i) any fees charged by securities rating services for rating the Registrable Securities or the Exchange
Securities, as applicable, and (j) fees, expenses and disbursements of any other persons, including special experts, retained by the Company in connection with such registration (collectively, the “Registration Expenses”).
Notwithstanding anything to the contrary in this Section 4, the Company shall have no obligation to pay any Registration Expenses incurred by any party other than the Company, other than Registration Expenses constituting reasonable fees and
disbursements of counsel. To the extent that any Registration Expenses constituting reasonable fees or disbursements of counsel are incurred, assumed or paid by any holder of Registrable Securities or Exchange Securities, as applicable, the Company
shall reimburse such person for the full amount of the Registration Expenses so incurred, assumed or paid promptly after receipt of a request therefor. Notwithstanding the foregoing, the holders of the Registrable Securities being registered shall
pay all agency fees and commissions and underwriting discounts and commissions, if any, and transfer taxes, if any, attributable to the sale of such Registrable Securities and Exchange Securities, as applicable, and the fees and disbursements of any
counsel or other advisors or experts retained by such holders (severally or jointly), other than the counsel specifically referred to above. 
 5.     Representations and Warranties. 

The Company represents and warrants to, and agrees with, each Dealer Manager and each of the holders from time to time of
Registrable Securities that: 
 (a)    Each registration statement covering
Registrable Securities or Exchange Securities, as applicable, and each prospectus (including any preliminary or summary prospectus) contained therein or furnished pursuant to Section 3(c) or Section 3(d) and any further amendments or
supplements to any such registration statement or prospectus, when it becomes effective or is filed with the Commission, as the case may be, will conform in all material respects to the requirements of the Securities Act and the Trust Indenture Act
and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; and at all times subsequent to the Effective Time when a
prospectus would be required to be delivered under the Securities Act, other than (A) from (i) such time as a notice has been given to holders of Registrable Securities pursuant to Section 3(c)(iii)(G) or Section 3(d)(vii)(G)
until (ii) such time as the Company furnishes an amended or supplemented prospectus pursuant to Section 3(c)(iv) or Section 3(e) or (B) during any applicable Exchange Suspension Period or Shelf Suspension Period, each
registration statement, and each prospectus (including any summary prospectus) contained therein or furnished pursuant to Section 3(c) or Section 3(d), as then amended or supplemented, will conform in all material respects to the
requirements of the Securities Act and the Trust Indenture Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in
the light of the circumstances then existing; provided, however, that this representation and warranty shall not apply to any 

  
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statements or omissions made in reliance upon and in conformity with information furnished in writing to the Company by a holder of Registrable Securities expressly for use therein. 

(b)    Any documents incorporated by reference in any prospectus referred to in
Section 5(a), when they become or became effective or are or were filed with the Commission, as the case may be, will conform or conformed in all material respects to the requirements of the Securities Act or the Exchange Act, as applicable,
and none of such documents will contain or contained an untrue statement of a material fact or will omit or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading; provided,
however, that this representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity with information furnished in writing to the Company by a holder of Registrable Securities expressly for use
therein. 
 (c)    The compliance by the Company with all of the provisions of
this Agreement and the consummation of the transactions herein contemplated will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of
trust, loan agreement or other agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the property or assets of the Company or any of its
subsidiaries is subject, (ii) result in any violation of the provisions of the certificate of incorporation, as amended, or the by-laws or other governing documents, as applicable, of the Company or (iii) result in any violation of any
statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over the Company or any of its subsidiaries or any of their respective properties; and no consent, approval, authorization, order, registration
or qualification of or with any such court or governmental agency or body is required for the consummation by the Company of the transactions contemplated by this Agreement, except (x) the registration under the Securities Act of the
Registrable Securities, the Securities and the Exchange Securities, as applicable, and qualification of the Indenture under the Trust Indenture Act, (y) such consents, approvals, authorizations, registrations or qualifications as may be
required under state securities or blue sky laws in connection with the offering and distribution of the Registrable Securities and the Exchange Securities, as applicable, and (z) such consents, approvals, authorizations, registrations or
qualifications that have been obtained and are in full force and effect as of the date hereof. 

(d)    This Agreement has been duly authorized, executed and delivered by the Company.

 6.      Indemnification and Contribution. 

(a)    Indemnification by the Company. The Company will indemnify and hold
harmless each of the holders of Registrable Securities included in an Exchange Registration Statement and each of the Electing Holders as holders of Registrable Securities included in a Shelf Registration Statement against any losses, claims,
damages or liabilities, joint or several, to which such holder or such Electing Holder may become subject under the Securities Act or the Exchange Act or other Federal or state statutory law or regulation, at common law or otherwise, insofar as such
losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in any Exchange Registration Statement or any Shelf Registration
Statement, as the case may be, under which such Registrable Securities, Securities or Exchange Securities were registered under the Securities Act, or any preliminary, final or summary prospectus (including, without limitation, any “issuer free
writing prospectus” as defined in Rule 433) contained therein or furnished by the Company 

  
 16 







 
to any such holder or any such Electing Holder, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein not misleading, and, subject to Section 6(c), will reimburse each such holder and each such Electing Holder for any and all legal or other expenses reasonably incurred by
them in connection with investigating or defending any such action or claim as such expenses are incurred; provided, however, that the Company shall not be liable to any such person in any such case to the extent that any such loss, claim,
damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in such registration statement, or preliminary, final or summary prospectus (including, without limitation, any
“issuer free writing prospectus” as defined in Rule 433), or amendment or supplement thereto, in reliance upon and in conformity with written information furnished to the Company by such person expressly for use therein. 

(b)    Indemnification by the Electing Holders. The Company may require, as a
condition to including any Registrable Securities in any Shelf Registration Statement filed pursuant to Section 2(b), that the Company shall have received an undertaking reasonably satisfactory to it from each Electing Holder of Registrable
Securities included in such Shelf Registration Statement, severally and not jointly, to (i) indemnify and hold harmless the Company and all other Electing Holders of Registrable Securities included in such Shelf Registration Statement, against
any losses, claims, damages or liabilities to which the Company or such other Electing Holders may become subject, under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise
out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in such registration statement, or any preliminary, final or summary prospectus (including, without limitation, any “issuer free writing
prospectus” as defined in Rule 433) contained therein or furnished by the Company to any Electing Holder, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was
made in reliance upon and in conformity with written information furnished to the Company by such Electing Holder expressly for use therein, and (ii) reimburse the Company for any legal or other expenses reasonably incurred by the Company in
connection with investigating or defending any such action or claim as such expenses are incurred; provided, however, that no such Electing Holder shall be required to undertake liability to any person under this Section 6(b) for any
amounts in excess of the dollar amount of the proceeds received or to be received by such Electing Holder from the sale of such Electing Holder’s Registrable Securities (after deducting any fees, discounts and commissions applicable thereto)
pursuant to such registration. 
 (c)    Notices of Claims, Etc.
Promptly after receipt by an indemnified party under subsection (a) or (b) above of written notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against an indemnifying
party pursuant to the indemnification provisions of or contemplated by this Section 6, notify such indemnifying party in writing of the commencement of such action; but the omission so to notify the indemnifying party shall not relieve it from
any liability which it may have to any indemnified party except to the extent that the indemnifying party suffers material prejudice as a result of such failure (through the forfeiture of substantive rights or defenses), and otherwise than under the
indemnification provisions of or contemplated by Section 6(a) or Section 6(b). In case any such action shall be brought against any indemnified party and it shall notify an indemnifying party of the commencement thereof, such indemnifying
party 

  
 17 







 
shall be entitled to participate therein and, to the extent that it shall wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel
reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, at such time be counsel to the indemnifying party), and, after notice from the indemnifying party to such indemnified party of its
election so to assume the defense thereof, such indemnifying party shall not be liable to such indemnified party for any legal expenses of other counsel or any other expenses, in each case subsequently incurred by such indemnified party, in
connection with the defense thereof other than reasonable costs of investigation. No indemnifying party shall, without the prior written consent of the indemnified party, effect the settlement or compromise of, or consent to the entry of any
judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified party is an actual or potential party to such action or claim) unless
such settlement, compromise or judgment (i) includes an unconditional release of the indemnified party from all liability arising out of such action or claim and (ii) does not include a statement as to, or an admission of, fault,
culpability or a failure to act by or on behalf of any indemnified party. 

(d)    Contribution. If for any reason the indemnification provisions
contemplated by Section 6(a) or Section 6(b) are unavailable to or insufficient to hold harmless an indemnified party in respect of any losses, claims, damages or liabilities (or actions in respect thereof) referred to therein, then each
indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault
of the indemnifying party and the indemnified party in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities (or actions in respect thereof), as well as any other relevant equitable considerations.
The relative fault of such indemnifying party and indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact
relates to information supplied by such indemnifying party or by such indemnified party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto
agree that it would not be just and equitable if contributions pursuant to this Section 6(d) were determined by pro rata allocation (even if the holders were treated as one entity for such purpose) or by any other method of allocation which
does not take account of the equitable considerations referred to in this Section 6(d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages, or liabilities (or actions in respect thereof) referred to
above shall be deemed to include any legal or other fees or expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 6(d), no
Electing Holder shall be required to contribute any amount in excess of the amount by which the dollar amount of the proceeds received by such holder from the sale of any Registrable Securities (after deducting any fees, discounts and commissions
applicable thereto) exceeds the amount of any damages which such holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The holders’ obligations in this Section 6(d) to contribute shall be
several in proportion to the principal amount of Registrable Securities registered by them and not joint. 
 (e)    The obligations of the Company under this Section 6 shall be in addition to any liability which the Company may otherwise have and shall extend, upon the same terms and


  
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conditions, to each officer, director and partner of each holder, each Electing Holder and each person, if any, who controls any of the foregoing within the meaning of the Securities Act; and the
obligations of the holders and the Electing Holders contemplated by this Section 6 shall be in addition to any liability which the respective holder or Electing Holder may otherwise have and shall extend, upon the same terms and conditions, to
each officer and director of the Company (including any person who, with his consent, is named in any registration statement as about to become a director of the Company) and to each person, if any, who controls the Company within the meaning of the
Securities Act, as well as to each officer and director of the other holders and to each person, if any, who controls such other holders within the meaning of the Securities Act. 

7.     Underwritten Offerings. 

Each holder of Registrable Securities hereby agrees with the Company and each other such holder that no holder of
Registrable Securities may participate in any underwritten offering hereunder unless (a) the Company gives its prior written consent to such underwritten offering, (b) the managing underwriter or underwriters thereof shall be designated by
Electing Holders holding at least a majority in aggregate principal amount of the Registrable Securities to be included in such offering, provided that such designated managing underwriter or underwriters is or are reasonably acceptable to the
Company, (c) each holder of Registrable Securities participating in such underwritten offering agrees to sell such holder’s Registrable Securities on the basis provided in any underwriting arrangements approved by the persons entitled
selecting the managing underwriter or underwriters hereunder and (d) each holder of Registrable Securities participating in such underwritten offering completes and executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents reasonably required under the terms of such underwriting arrangements. The Company hereby agrees with each holder of Registrable Securities that, to the extent it consents to an underwritten offering hereunder, it will
negotiate in good faith and execute all indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements, including using commercially reasonable efforts to procure customary legal
opinions and auditor “comfort” letters. 
 8.     Rule 144.

 (a)    Facilitation of Sales Pursuant to Rule 144. The Company
covenants to the holders of Registrable Securities that to the extent it shall be required to do so under the Exchange Act, the Company shall timely file the reports required to be filed by it under the Exchange Act (including the reports under
Sections 13 and 15(d) of the Exchange Act referred to in subparagraph (c)(1) of Rule 144), and shall take such further action as any holder of Registrable Securities may reasonably request, all to the extent required from time to time to
enable such holder to sell Registrable Securities without registration under the Securities Act within the limitations of the exemption provided by Rule 144. 

(b)    Availability of Rule 144 Not Excuse for Obligations under Section 2.
The fact that holders of Registrable Securities may become eligible to sell such Registrable Securities pursuant to Rule 144 shall not (1) cause such Securities to cease to be Registrable Securities or (2) excuse the Company’s
obligations set forth in Section 2 of this Agreement, including without limitation the obligations in respect of an Exchange Offer, Shelf Registration and Special Interest. 

  
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 9.     Miscellaneous. 

(a)    No Inconsistent Agreements. The Company represents, warrants, covenants
and agrees that it has not granted, and shall not grant, registration rights with respect to Registrable Securities, Exchange Securities or Securities, as applicable, or any other securities which would be inconsistent with the terms contained in
this Agreement. 
 (b)    Specific Performance. The parties hereto
acknowledge that there would be no adequate remedy at law if the Company fails to perform any of its obligations hereunder and that the Dealer Managers and the holders from time to time of the Registrable Securities may be irreparably harmed by any
such failure, and accordingly agree that the Dealer Managers and such holders, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to compel specific performance of the obligations of the Company
under this Agreement in accordance with the terms and conditions of this Agreement, in any court of the United States or any State thereof having jurisdiction. Time shall be of the essence in this Agreement. 

(c)    Notices. All notices, requests, claims, demands, waivers and other
communications hereunder shall be in writing and shall be deemed to have been duly given when delivered by hand, if delivered personally, by facsimile or by courier, or three Business Days after being deposited in the mail (registered or certified
mail, postage prepaid, return receipt requested) as follows: If to the Company, to it at 211 Main St., San Francisco, CA 94105, Attention: General Counsel, and if to a holder, to the address of such holder set forth in the security register or other
records of the Company, or to such other address as the Company or any such holder may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. 

(d)    Parties in Interest. All the terms and provisions of this Agreement shall
be binding upon, shall inure to the benefit of and shall be enforceable by the parties hereto, the holders from time to time of the Registrable Securities and the respective successors and assigns of the foregoing. In the event that any transferee
of any holder of Registrable Securities shall acquire Registrable Securities, in any manner, whether by gift, bequest, purchase, operation of law or otherwise, such transferee shall, without any further writing or action of any kind, be deemed a
beneficiary hereof for all purposes and such Registrable Securities shall be held subject to all of the terms of this Agreement, and by taking and holding such Registrable Securities such transferee shall be entitled to receive the benefits of, and
be conclusively deemed to have agreed to be bound by all of the applicable terms and provisions of this Agreement. If the Company shall so request, any such successor, assign or transferee shall agree in writing to acquire and hold the Registrable
Securities subject to all of the applicable terms hereof. 

(e)    Survival. The respective indemnities, agreements, representations,
warranties and each other provision set forth in this Agreement or made pursuant hereto shall remain in full force and effect regardless of any investigation (or statement as to the results thereof) made by or on behalf of any holder of Registrable
Securities, any director, officer or partner of such holder or any controlling person of any of the foregoing, and shall survive delivery of and payment for the Registrable Securities pursuant to the Dealer Managers Agreement, the transfer and
registration of Registrable Securities by such holder and the consummation of an Exchange Offer. 

(f)    Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of California. 

  
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 (g)    Headings. The descriptive
headings of the several Sections and paragraphs of this Agreement are inserted for convenience only, do not constitute a part of this Agreement and shall not affect in any way the meaning or interpretation of this Agreement. 

(h)    Entire Agreement; Amendments. This Agreement and the other writings
referred to herein (including the Indenture and the form of Securities) or delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with respect to its subject matter. This Agreement supersedes all prior
agreements and understandings between the parties with respect to its subject matter. This Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively
or prospectively) only by a written instrument duly executed by the Company and the holders of at least a majority in aggregate principal amount of the Registrable Securities at the time outstanding. Each holder of any Registrable Securities at the
time or thereafter outstanding shall be bound by any amendment or waiver effected pursuant to this Section 9(h), whether or not any notice, writing or marking indicating such amendment or waiver appears on such Registrable Securities or is
delivered to such holder. Notwithstanding the foregoing sentence, this Agreement may be amended, without the consent of any holder of Registrable Securities, by written agreement signed by the Company, to cure any ambiguity or correct, modify or
supplement any provision of this Agreement or otherwise for any other purpose provided that such amendment is not adverse to the holders of Registrable Securities in any material respect. 

(i)    Inspection. For so long as this Agreement shall be in effect, this
Agreement and a complete list of the names and addresses of all the record holders of Registrable Securities shall be made available for inspection and copying on any Business Day by any holder of Registrable Securities for proper purposes only
(which shall include any purpose related to the rights of the holders of Registrable Securities under the Securities, the Indenture and this Agreement) at the offices of the Company at the address thereof set forth in Section 9(c) and at the
office of the Trustee under the Indenture. 
 (j)    Counterparts. This
Agreement may be executed by the parties in counterparts, each of which shall be deemed to be an original, but all such respective counterparts shall together constitute one and the same instrument. 

(k)    Severability. If any provision of this Agreement, or the application
thereof in any circumstance, is held to be invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of such provision in every other respect and of the remaining provisions contained in this
Agreement shall not be affected or impaired thereby. 

  
 21 







   If the foregoing is in accordance with your understanding, please
sign and return to us six (6) counterparts hereof, and upon the acceptance hereof by you, on behalf of each of the Dealer Managers, this letter and such acceptance hereof shall constitute a binding agreement between each of the Dealer Managers
and the Company. It is understood that your acceptance of this letter on behalf of each of the Dealer Managers is pursuant to the authority set forth in a form of Agreement among Dealer Managers, the form of which shall be submitted to the Company
for examination upon request, but without warranty on your part as to the authority of the signers thereof. 
  

							
	 Very truly yours,

	  
 THE CHARLES
SCHWAB CORPORATION

			
	 By:
	 	 /s/ William F. Quinn
	 	
		 	 Name: William F. Quinn

		 	 Title: Senior Vice President and
   Treasurer




  
 22 







 Accepted as of the date hereof: 

 

							
	 CITIGROUP GLOBAL MARKETS INC.

			
	 By:
	 	 /s/ Jack D. McSpadden, Jr.
	 	
		 	 Name: Jack D. McSpadden, Jr.

		 	 Title: Managing Director

	
	 GOLDMAN, SACHS & CO.

			
	 By:
	 	 /s/ Goldman, Sachs & Co
	 	
		 	 Name: Daniel M. Young
	 	
		 	 Title: Managing Director
	 	
	
	 WELLS FARGO SECURITIES, LLC

			
	 By:
	 	 /s/ Daniel A. Nass
	 	
		 	 Name: Daniel A. Nass
	 	
		 	 Title: Managing Director
	 	







 Exhibit A 
 The Charles Schwab Corporation 
 INSTRUCTION TO DTC PARTICIPANTS 

(Date of Mailing) 
 URGENT - IMMEDIATE ATTENTION REQUESTED 
 DEADLINE FOR RESPONSE:
[•], 2012* 
 The Depository Trust Company (“DTC”) has identified you as a DTC Participant
through which beneficial interests in The Charles Schwab Corporation’s (the “Company”) 3.225% Senior Notes due 2022 (the “Securities”) are held. 

The Company is in the process of registering the Securities under the Securities Act of 1933 for resale by the beneficial owners thereof. In
order to have their Securities included in the registration statement, beneficial owners must complete and return the enclosed Notice of Registration Statement and Selling Securityholder Questionnaire. 

It is important that beneficial owners of the Securities receive a copy of the enclosed materials as soon as possible as their rights
to have the Securities included in the registration statement depend upon their returning the Notice and Questionnaire by [•], 2012. Please forward a copy of the enclosed documents to each beneficial owner that holds interests in the Securities
through you. If you require more copies of the enclosed materials or have any questions pertaining to this matter, please contact The Charles Schwab Corporation, Attn: General Counsel at 211 Main St., San Francisco, CA 94105 or Attn: Corporate
Secretary at 211 Main St., San Francisco, CA 94105. 
  
  

 
  

 
 *Not less than 28 calendar days from date
of mailing. 

  
 A-1 







 The Charles Schwab Corporation 

Notice of Registration Statement 
 and 
 Selling Securityholder Questionnaire 

(Date) 
 Reference is
hereby made to the Exchange and Registration Rights Agreement (the “Exchange and Registration Rights Agreement”) between The Charles Schwab Corporation (the “Company”) and the Dealer Managers named therein. Pursuant
to the Exchange and Registration Rights Agreement, the Company has filed or will file with the United States Securities and Exchange Commission (the “Commission”) a registration statement on Form [S-3], or a prospectus
supplement under the Company’s automatic shelf registration (the “Shelf Registration Statement”) for the registration and resale under Rule 415 of the Securities Act of 1933, as amended (the “Securities
Act”), of the Company’s 3.225% Senior Notes due 2022 (the “Securities”). A copy of the Exchange and Registration Rights Agreement has been filed as an exhibit to the Shelf Registration Statement and can be obtained
from the Commission’s website at www.sec.gov. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Exchange and Registration Rights Agreement. 

Each beneficial owner of Registrable Securities (as defined below) is entitled to have the Registrable Securities beneficially owned by it
included in the Shelf Registration Statement. In order to have Registrable Securities included in the Shelf Registration Statement, this Notice of Registration Statement and Selling Securityholder Questionnaire (“Notice and
Questionnaire”) must be completed, executed and delivered to the Company’s counsel at the address set forth herein for receipt ON OR BEFORE [•], 2012. Beneficial owners of Registrable Securities who do not properly complete,
execute and return this Notice and Questionnaire by such date (i) will not be named as selling securityholders in the Shelf Registration Statement and (ii) may not use the Prospectus forming a part thereof for resales of Registrable
Securities. 
 Certain legal consequences arise from being named as a selling securityholder in the Shelf Registration Statement
and related Prospectus. Accordingly, holders and beneficial owners of Registrable Securities are advised to consult their own securities law counsel regarding the consequences of being named or not being named as a selling securityholder in the
Shelf Registration Statement and related Prospectus. 
 The term “Registrable Securities” is defined in the
Exchange and Registration Rights Agreement. 

  
 A-2 







 ELECTION 
 The undersigned holder (the “Selling Securityholder”) of Registrable Securities hereby elects to include in the Shelf Registration Statement the Registrable Securities beneficially owned by
it and listed below in Item (3). The undersigned, by signing and returning this Notice and Questionnaire, agrees to be bound with respect to such Registrable Securities by the terms and conditions of this Notice and Questionnaire and the
Exchange and Registration Rights Agreement, including, without limitation, Section 6 of the Exchange and Registration Rights Agreement, as if the undersigned Selling Securityholder were an original party thereto. 

Pursuant to the Exchange and Registration Rights Agreement, the undersigned has agreed to indemnify and hold harmless the Company, its
directors [and officers] who sign any Shelf Registration Statement, and each person, if any, who controls the Company within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act of 1934, as amended (the
“Exchange Act”), against certain losses arising out of an untrue statement, or the alleged untrue statement, of a material fact in the Shelf Registration Statement or the related prospectus or the omission, or alleged omission, to
state a material fact required to be stated in such Shelf Registration Statement or the related prospectus, but only to the extent such untrue statement or omission, or alleged untrue statement or omission, was made in reliance on and in conformity
with the information provided in this Notice and Questionnaire. 
 Upon any sale of Registrable Securities pursuant to the Shelf
Registration Statement, the Selling Securityholder will be required to deliver to the Company and Trustee the Notice of Transfer set forth in Appendix A to the Prospectus and as Exhibit B to the Exchange and Registration Rights Agreement.

 The Selling Securityholder hereby provides the following information to the Company and represents and warrants that such
information is accurate and complete: 

  
 A-3 







 QUESTIONNAIRE 
  

							
	(1)	 	 (a)
	 	 Full legal name of Selling Securityholder:
	 	
		 		 	  
	 	
		 	  
 (b)
	 	  
 Full legal name of registered Holder (if
not the same as in (a) above) of Registrable Securities listed in Item (3) below:

		 		 	  
	 	
		 	  
 (c)
	 	  
 Full legal name of DTC Participant (if
applicable and if not the same as (b) above) through which Registrable Securities listed in Item (3) below are held:

		 		 	  
	 	
	  
 (2)
	 	  
 Address for notices to Selling
Securityholder:



							
		 		 	  
	 	


							
		 		 	  
	 	
		 		 	  
	 	


									
		 		 	  
 Telephone:
	 	  
	 	


									
		 		 	Fax:	 	  
	 	


									
		 		 	Contact Person:	 	  
	 	


									
		 		 	E-mail for Contact Person:	 	  
	 	


							
	  
 (3)
	 	  
 Beneficial Ownership of
Securities:
	 	
		 		 	  
 Except as set forth below in this Item (3),
the undersigned does not beneficially own any Securities.
	 	


									
		 	  
 (a)
	 	  

Principal amount of Registrable Securities beneficially owned:
	 	  
	 	


									
		 		 	 CUSIP No(s). of such Registrable Securities:
	 	  
	 	


							
		 	  
 (b)
	 	  
 Principal amount of Securities other than
Registrable Securities beneficially owned:
	 	
		 		 	  
	 	


									
		 		 	  

CUSIP No(s). of such other Securities:
	 	  
	 	


					
		 	  
 (c)
	 	  

Principal amount of Registrable Securities that the undersigned wishes to be 
included in the Shelf Registration Statement:                   



									
		 		 	
CUSIP No(s). of such Registrable Securities to be included in the Shelf Registration Statement:
	 	  
	 	


							
	  
 (4)
	 	  
 Beneficial Ownership of Other
Securities of the Company:
	 	

 Except as set forth
below in this Item (4), the undersigned Selling Securityholder is not the beneficial or registered owner of any other securities of the Company, other than the Securities listed above in Item (3). 

							
		 		 	  
 State any exceptions here:
	 	
		 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	


  
 A-4 








							
	(5)	 	 Individuals who exercise dispositive powers with respect to the Securities:
	 	

 If the Selling
Securityholder is not an entity that is required to file reports with the Commission pursuant to Section 13 or 15(d) of the Exchange Act (a “Reporting Company”), then the Selling Securityholder must disclose the name of the
natural person(s) who exercise sole or shared dispositive powers with respect to the Securities. Selling Securityholders should disclose the beneficial holders, not nominee holders or other such others of record. In addition, the Commission has
provided guidance that Rule 13d-3 of the Securities Exchange Act of 1934 should be used by analogy when determining the person or persons sharing voting and/or dispositive powers with respect to the Securities. 

							
		 	  
 (a)
	 	  
 Is the holder a Reporting Company?
	 	
		 		 	  

Yes                      
                        No                 
   
	 	
		 		 	  
 If “No”, please answer Item
(5)(b).
	 	
		 	  
 (b)
	 	  
 List below the individual or
individuals who exercise dispositive powers with respect to the Securities:

		 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	

 Please note that the
names of the persons listed in (b) above will be included in the Shelf Registration Statement and related Prospectus. 
  

							
	(6)	 	 Relationships with the Company:
	 	

 Except as set forth below,
neither the Selling Securityholder nor any of its affiliates, officers, directors or principal equity holders (5% or more) has held any position or office or has had any other material relationship with the Company (or its predecessors or
affiliates) during the past three years. 

							
		 		 	  
 State any exceptions here:
	 	
		 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	
	  
 (7)
	 	  
 Plan of Distribution:
	 	

 Except as set forth below,
the undersigned Selling Securityholder intends to distribute the Registrable Securities listed above in Item (3) only as follows (if at all): Such Registrable Securities may be sold from time to time directly by the undersigned Selling
Securityholder. Such Registrable Securities may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of sale, at varying prices determined at the time of sale, or at negotiated prices. Such sales may be
effected in transactions (which may involve crosses or block transactions) (i) on any national securities exchange or quotation service on which the Registered Securities may be listed or quoted at the time of sale, (ii) in the
over-the-counter market, (iii) in transactions otherwise than on such exchanges or services or in the over-the-counter market, or (iv) through the writing of options. In connection with sales of the 

  
 A-5 







 
Registrable Securities or otherwise, the Selling Securityholder may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the Registrable Securities in
the course of hedging the positions they assume. The Selling Securityholder may also sell Registrable Securities short and deliver Registrable Securities to close out such short positions, or loan or pledge Registrable Securities to broker-dealers
that in turn may sell such securities. 

							
		 		 	  
 State any exceptions here:
	 	
		 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	

 Note:  In no
event may such method(s) of distribution take the form of an underwritten offering of Registrable Securities without the prior written agreement of the Company. 

							
	  
 (8)
	 	  
 Broker-Dealers:
	 	

 The Commission requires
that all Selling Securityholders that are registered broker-dealers or affiliates of registered broker-dealers be so identified in the Shelf Registration Statement. In addition, the Commission requires that all Selling Securityholders that are
registered broker-dealers be named as underwriters in the Shelf Registration Statement and related Prospectus, even if they did not receive the Registrable Securities as compensation for underwriting activities. 

							
		 	  
 (a)
	 	  
 State whether the undersigned Selling Securityholder
is a registered broker-dealer:
	 	
		 		 	  

Yes                      
                        No                 
   
	 	

  

	 	(b)	If the answer to (a) is “Yes”, you must answer (i) and (ii) below, and (iii) below if applicable. Your answers to (i) and
(ii) below, and (iii) below if applicable, will be included in the Shelf Registration Statement and related Prospectus. 	 

  

							
		 		 	  
 (i)      Were the
Securities acquired as compensation for underwriting activities?
	 	
		 		 	  

Yes                      
                        No                 
   
	 	

 If you answered
“Yes”, please provide a brief description of the transaction(s) in which the Securities were acquired as compensation: 

							
		 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	
		 		 	  
 (ii)      Were the Securities acquired
for investment purposes?
	 	
		 		 	  

Yes                      
                        No                 
   
	 	
		 		 	  

(iii)      If you answered “No” to both (i) and (ii), please explain the Selling
Securityholder’s reason for acquiring the Securities:

		 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	


  
 A-6 








							
		 	 (c)
	 	 State whether the undersigned Selling Securityholder is an affiliate of a registered broker-dealer and, if so, list the name(s) of the broker-dealer
affiliate(s):

		 		 	  

Yes                      
                        No                 
   
	 	
		 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	
		 	  
 (d)
	 	  
 If you answered “Yes” to question
(c) above:
	 	
		 		 	  

(i)        Did the undersigned Selling Securityholder purchase Registrable
Securities in the ordinary course of business?
	 	
		 		 	  

Yes                      
                        No                 
   
	 	
		 		 	  
 If the answer is “No” to
question (d)(i), provide a brief explanation of the circumstances in which the Selling Securityholder acquired the Registrable Securities:

		 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	
		 		 	  

(ii)       At the time of the purchase of the Registrable
Securities, did the undersigned Selling Securityholder have any agreements, understandings or arrangements, directly or indirectly, with any person to dispose of or distribute the Registrable Securities?

		 		 	  

Yes                      
                        No                 
   
	 	
		 		 	  
 If the answer is “Yes” to
question (d)(ii), provide a brief explanation of such agreements, understandings or arrangements:

		 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	

 If the answer is
“No” to Item (8)(d)(i) or “Yes” to Item (8)(d)(ii), you will be named as an underwriter in the Shelf Registration Statement and the related Prospectus. 

							
	  
 (9)
	 	  
 Hedging and short sales:
	 	
		 	  
 (a)
	 	  
 State whether the undersigned Selling
Securityholder has or will enter into “hedging transactions” with respect to the Registrable Securities:

		 		 	  

Yes                      
                        No                 
   
	 	
		 		 	  
 If “Yes”, provide below a
complete description of the hedging transactions into which the undersigned Selling Securityholder has entered or will enter and the purpose of such hedging transactions, including the extent to which such hedging transactions remain in
place:

		 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	


  
 A-7 








					
		 	 (b)
	 	 Set forth below is Interpretation A.65 of the Commission’s July 1997 Manual of Publicly Available Interpretations regarding short
selling:


 “An issuer filed a
Form S-3 registration statement for a secondary offering of common stock which is not yet effective. One of the selling shareholders wanted to do a short sale of common stock “against the box” and cover the short sale with registered
shares after the effective date. The issuer was advised that the short sale could not be made before the registration statement becomes effective, because the shares underlying the short sale are deemed to be sold at the time such sale is made.
There would, therefore, be a violation of Section 5 if the shares were effectively sold prior to the effective date.” 
 By returning this Notice and Questionnaire, the undersigned Selling Securityholder will be deemed to be aware of the foregoing interpretation. 

*            *           
 *            *            * 
 By signing below, the Selling Securityholder acknowledges that it understands its obligation to comply, and agrees that it will comply, with the provisions of the Exchange Act, particularly Regulation M (or
any successor rule or regulation). 
 The Selling Securityholder hereby acknowledges its obligations under the Exchange and
Registration Rights Agreement to indemnify and hold harmless the Company and certain other persons as set forth in the Exchange and Registration Rights Agreement. 
 In the event that the Selling Securityholder transfers all or any portion of the Registrable Securities listed in Item (3) above after the date on which such information is provided to the Company, the
Selling Securityholder agrees to notify the transferee(s) at the time of the transfer of its rights and obligations under this Notice and Questionnaire and the Exchange and Registration Rights Agreement. 

By signing below, the Selling Securityholder consents to the disclosure of the information contained herein in its answers to Items (1)
through (9) above and the inclusion of such information in the Shelf Registration Statement and related Prospectus. The Selling Securityholder understands that such information will be relied upon by the Company in connection with the
preparation of the Shelf Registration Statement and related Prospectus. 
 In accordance with the Selling Securityholder’s
obligation under Section 3(d) of the Exchange and Registration Rights Agreement to provide such information as may be required by law for inclusion in the Shelf Registration Statement, the Selling Securityholder agrees to promptly notify the
Company of any inaccuracies or changes in the information provided herein which may occur subsequent to the date hereof at any time while the Shelf Registration Statement remains in effect and to provide such additional information that the Company
may reasonably request regarding such Selling Securityholder and the intended method of distribution of Registrable Securities in order to comply with the Securities Act. Except as otherwise provided in the Exchange and Registration Rights
Agreement, all notices hereunder and pursuant to the Exchange and Registration Rights Agreement shall be made in writing, by hand-delivery, first-class mail, or air courier guaranteeing overnight delivery as follows: 

 

					
		 		 	 (i)    To the Company:



			
		 	 The Charles Schwab Corporation



  
 A-8 








			
		 	 211 Main St.
  

San Francisco, CA 94105
  

Attention:  General Counsel



					
		 		 	 (ii)   With a copy to:



			
		 	 The Charles Schwab Corporation
  

211 Main St.
  

San Francisco, CA 94105
  

Attention:  Corporate Secretary


 Once this Notice and Questionnaire is executed by the Selling Securityholder and received by the
Company’s counsel, the terms of this Notice and Questionnaire, and the representations and warranties contained herein, shall be binding on, shall inure to the benefit of and shall be enforceable by the respective successors, heirs, personal
representatives, and assigns of the Company and the Selling Securityholder (with respect to the Registrable Securities beneficially owned by such Selling Securityholder and listed in Item (3) above. This Notice and Questionnaire shall be
governed in all respects by the laws of the State of California. 

  
 A-9 







 IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and
Questionnaire to be executed and delivered either in person or by its duly authorized agent. 
 Dated:
                                     

 

			
	  

	  
 Selling
Securityholder

	 (Print/type full legal name of beneficial owner of Registrable Securities)

		
	 By:
	 	  





			
	 Name:

	 Title:



 PLEASE RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE FOR RECEIPT ON OR BEFORE [•],
2012 TO THE COMPANY’S COUNSEL AT: 
  

					
		 	     Arnold & Porter LLP

    Three Embarcadero Center
     San Francisco, California 94111

    Attention:  Teresa Johnson
	 	


  
 A-10 







 Exhibit B 
 NOTICE OF TRANSFER PURSUANT TO REGISTRATION STATEMENT 
 The Bank of New York Mellon Trust Company, N.A.

 The Charles Schwab Corporation 
 c/o The
Bank of New York Mellon Trust Company, N.A. 
 [Address of Trustee] 
 Attention:  Trust Officer 
  

	 	Re:	The Charles Schwab Corporation (the “Company”) 


	 	 	3.225% Senior Notes due 2022 (the “Notes”) 

  

Dear Sirs: 
 Please be advised that
                                        
has transferred $
                                        
aggregate principal amount of the above-referenced Notes pursuant to an effective Registration Statement on Form [      ] (File
No. 333-          ) filed by the Company. 
 We hereby certify that
the prospectus delivery requirements, if any, of the Securities Act of 1933, as amended, have been satisfied and that the above-named beneficial owner of the Notes is named as a “Selling Holder” in the Prospectus dated [date] or in
supplements thereto, and that the aggregate principal amount of the Notes transferred are the Notes listed in such Prospectus opposite such owner’s name. 
 Dated: 
  

					
	 Very truly yours,
	 	
		 	  
	 	
		 	  
 (Name)
	 	
			
	 By:    
	 	  
	 	
		 	  
 (Authorized Signature)