UST Sequence Number : 885 

UNITED STATES DEPART~~ENT OF THE TREASURY 

1500 PENNSYLVANIA AVENUE, NW 

WASHINGTON, D.C. 20220 

Dear Ladies and Gentlemen: 

The company set forth on the signature page hereto (the ""Corpzpany") intends to issue in a 

private placement the number of shares of a series of its preferred stock set forth on Schedule A 

hereto (the "Preferred Shares") and a warrant to purchase the number of shares of a series of its 

preferred stock set forth on Schedule A hereto (the 'Warrant" and, together with the Preferred 

Shares, the "Purchased Securities") and the United States Department of the Treasury (the 

"Investor") intends to purchase fiom the Company the Purchased Securities. 

The purpose of this letter agreement is to confirm the terms and conditions of the 

purchase by the Investor of the Purchased Securities, Except to the extent supplemented or 

superseded by the terms set forth herein or in the Schedules hereto, the provisions contained in 

the Securities Purchase Agreement - Standard Terms attached hereto as Exhibit -4 (the 

"Securities Purchase Agreement") are incorporated by reference herein. Terms that are defined 

in the Securities Purchase Agreement are used in this letter agreement as so defined. In the event 

of any inconsistency between this letter agreement and the Securities Purchase Agreement, the 

terms of this letter agreement shall govern. 

Each of the Company and the Investor hereby confirms its agreement with the other party 

with respect to the issuance by the Company of the Purchased Securities and the purchase by the 

Investor of the Purchased securities pursuant to this letter agreement and the Securities Purchase 

Agreement on the terms specified on Schedule A hereto. 

This letter agreement (including the Schedules hereto), the Securities Purchase 

Agreement (including the Annexes thereto), the Disclosure Schedules and the Warrant constitute 

the entire agreement, and supersede all other prior agreements, understandings, representations 

and warranties, both written and oral, between the parties, with respect to the subject matter 

hereof. This letter agreement constitutes the "Letter Agreement" referred to in the Securities 

Purchase Agreement. 

This letter agreement may be executed in any number of separate counterparts, each such 

counterpart. being deemed to be an original inst ent, and all such countergabZs will together 

constitute the same agreement, Executed signature pages to this letter agrPeemenk may be 

delivered by facsimile and such facsimiles will be deemed as sufficient as if actual signatwe 

pages had been delivered. 
UST Sequence Number: 885 

In witness whereof, this letter agreement has been duly executed and delivered by the 

duly authorized representatives of the parties hereto as of the date written below. 

UNITED STATES DEPAR'TMENT OF THE 

TREASURY _ 

UJ. 

Name: BTitle: Interim Aesistant Secretary 

For R&al Stability 

COMPANY: Alpine Banks of Coiorado - 

By: 

Name: 

Title: 

MR29 2009 

Date: 
UST Sequence Number: 885 

In witness whereof, this letter agreement has been duly executed and delivered by the 

duly authorized represenbtives of the parties hereto as of the date written below. 

UNITED STATES DEPARTMENT OF THE 

TREASURY 

By: 

Name: 

Title: 

COMPANY: Alpine Banks of Colorado - 

By: 

ame: Er~c Gardey 

Title: Controller L</ 

Date: March 27, 2009 
UST Sequence Number 885 

EXHIBIT A 

SECURITIES PURCHASE: .IGREEi\lENT 
UST Sequence Number: 885 

EXHIBIT A 

(?ion-Excha~~ge-Tritdcd QFIs, excIudi11g S Corps 

and ?\lur~laI Organrzations) 

SEGCRITIES PCRCH,ILSE ACREE51ENT 

STANDARD TERRIS 
UST Sequence Number: 885 

T,IBLE OF CONTENTS 

Page 

Article I 

Purchase; Closing 

1 .I Purchase ................................................................................................................... 3 

1.2 Closing ....................................................... ~ ............................................................. 3 

1.3 Interprstatio~l ... .... .. . . .. .... ........ .. .... ....... ... .. .. .. .. .. . . .. . . .. .. ...... .. .. .. .. ... .... .... .. .. .. .. . .... ..... . .. .X 

Article I1 

Representations and l%'arranties 

2.1 Disclosure ... .... . ... . . ........ .... ... .... .... .. .. .. .. .. ........... .............. .. .. .... . ... . .. .. .... .... . .. .. .. . ... .. . ..9 

2.2 Representations and Warranties of the Coinpany .................................................. I 1 

Article 111 

Covenants 

3.1 Cotninercially Reasonable Efforts ......................................................................... 29 

3.2 Expenses ................................................................................................................ 30 

3.3 Sufficiency of Author~zed LYarrant Preferred Stock; Exchange Listing ............... 30 

3.4 Certain Nor~ficattons Until Closing ............................................................ ....... 30 

3.5 Access, lnfonnation and CotlfTdentiality ............................ ................................. 3 1 

Article IV 

Purchase for I nt.estment,. ....... ... .. ....... . ...~. . ..... . .'.. .. . . . .. .. .. .'... .. .. .-~. .... ... .. . . .. ... 34 

Legends . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .- 3 - 5 

Ceaain Tra~tisaetions .......................................... ~ ................................ ~ .....,.......... 39 

Transfer of Purchased Secitriries mzl Wzrrattt Shares: Re~trictions or1 Exercise 

of the W;irrant- ........................ ....... .....,.. ~ .... ~...~.............. ~ ....,........., ~ ..*... 39 

Registratiiti~ Rights ..................... ~ ......................... ~.~ ..,. ~~ '.,....,....,...... ~ ...... ~.~ ..........-. 40 

Depositan;. 

liestriction ittt 

Shares 

Dividends 

...................................... 

and Repnrchabes .,,...... 

.. ..~ ...................... ..,..,..... ~~ .......,...., 68 

T Exec~~tive Citn~pensatiun ............................ ......................................................... ; 3 

Related Party Trar?sactio~-ts ................................................................... ~ ............. ~..74 

Bank ant1 'Tilrifi 1 lalifing t'o~npaiy Status ............ , .,.. , ........................... '.,............. 74 . . T - Predotnitiantly 1- rr~tttlcial ........................... , ....... , ................................................ !s 
UST Sequence Number: 885 

Article ti" 

Miscellaneous 

Tcn~~rnation ............................................................................................................ 75 

Survival of Representations and Ct'arranttes .......................................................... 77 

Amendment ............................................................................................................ 77 

Waiver of Condttrons ............................................................................................. 77 

Governing Law: Submission to Jurisdiction, Etc ............................................. 78 

Notices ................................................................................................................... 78 

Definittuns ............................................................................................................. 79 

Assignment ............................................................................................................ 80 

Severabllity ............................................................................................................ 81 

No Third Party Benef:c~aries ............................................................................... .8L 
UST Sequence Number: 885 

LIST OF ANNEXES 

ANNEX '4: FORhl OF CERTIFICATE OF DESIGNATIONS FOR PREFERRED STOCK 

ANNEX B: FORM OF CkRTIFICATE OF DkSICNATIONS FOR WARRANT 

PREFERRED STOCK 

ANNEX D: FORM OF OPINION 

UST Sequence Number: 885 

Term 

Pending Under\ivr~tten Offer111g 

Per~t~ltted Repurchases 

Piggyback Registration 

Plan 

Preferred Shares 

Preferred Stock 

P~~iously Disclosed 

Propr~etarq. Rights 

Purchase 

Purchase Prlce 

Purchased Securities 

register: registered; registration 

Registrable Securities 

Registration Expenses 

Regulatory Agreement 

Rule 134; Rule 144A; Rule 159A: Rule 305; Rule 41 5 

Saxlings and Loan t.to1ding Company 

Schedules 

SEC 

Securities Act 

Selling Expenses 

Senior Executive Officers 

Shelf Registration Statement 

Signing Date 

Special Registration 

subsidiaq 

Tax; Taxes 

Transfer 

IVarrant 

Warrant Preferred Stock 

R'arrant Shares 

Location of 

Definition 

3,Simf 

4.7ic) 

3.5(b)(ltr) 

2,2(n', 

Recilals 

Recitals 

2.1 (c) 

2.2fu) 

Recitals 

I. 1 

Recitals 

4.5(i)(tit) 

4,5(l)( iv) 

4.5(l)(v) 

2.2(s) 

4.5(1)(vi) 

4.10 

Recitals 

2.2(k) 

2.2(a) 

4.5(I)(vii) 

4.8 

3.5(b)(iil 

2.l(b) 

3.5(j 1 

d. 5 7(3l 

2.2(0) 

4.4 

Recitals 

Recitals 

2.2(11) 
UST Sequence Number: 885 

SECURITIES PLJRCWI-tSE :\CREEME?I;T - STrlT\ID,\RD TERMS 

Recitals: 

\VHkREAS, the Linrted States Depart~ne~it ofthe Treasury (the "hl~*e,sfor'-) may t"so111 

time to tiinc agree to purchase shares of preferred stock and tvarrants fiom elrgible fltiancial 

~nstitutrons which elect to parllc~pate in the Troubled Asset Relief Prograln Capital Purchase 

Program ("CPP"): 

?VIIEREAS, an eligible finatlcial il~stitution electing to participate in the CPP and irsLre 

securities to the Investor (referred to herein as the "C~~I?~PC~FZJ"') shall enter into a letter agreer-netrt 

(the "Ltilf~r :lgreettzent") with the In\ estor \which itlcorporates this Securities Purchase 

Agreement - Standard Tenns; 

\Vl-IERE-qS, the Co~npaily agrees to expand the flow of credit to U.S. consuuners anif 

businesses on cotnpetiti\ie terms to proi~iote the sustained groll th and vitality of the U.S. 

econotny; 

WHEREAS, the Company agrees to \? ork diligently, under existing programs. to 111odlfy 

the tenns of residential inortgages as appropriate to strengtherl the health of the U.S. housing 

~narket; 

WHEREAS, the Co~npany intends to issue in a psi\ ate placeinent the number of shares of 

the series of its Preferred Stock ("Prefer~-ccl Stock") set fosth on Schedule A to the Letter 

Agreement (the "Prefer-r.ed S17nrcs7') and a tvalrant to purchase the number of shares of the series 

of its Pret'crred Stock ("IF~irip~tt7t Pj-efer.r.edStoc.K') set forth on Schedule A to the Letter 

,Agroe~nent (the "I.l.;il-f-~ir-zf" and. together with the Preferred Shares, the "P~rrchcrredSec ~tr.ific.c'') 

and the Investor intends to pui-chase (the "Plrr-cl~cwc") hi11 the Company the P~irchased 

Securitres; and 

WtIEREAS, the Purchase will be governed by this Securities Purchase Agreetnent - 

Standard Terms and the Letter Agreement. including the schedules tl~ereto (the "Si.l?edz~lc\"). 

specify~ng addrtional tenns of the Purchase, This Securities Purchase ilgrecnlent - Statldard 

Term:, (~ncluding the Anncties Irlcreto) anij the Letter Agreement (including the Scl-iedules 

thereto) are togrthrr referred to as tbts "'Agreement". All refcretices 111 th~s Secusitrcs Purchase 

itgri.cmct?t - Standard Tcrrns to '5chcdulcs5" are to tlle Scheclirlec aaachch! to the Letter 

<Ae ~~l-celnent. 

\OW', THEREFORE, lrr con,ncieratron of tkc prenllici. and of the rcprc\ci~tilttt~n\. 

~irenntrci, wi tnatlts and aprcenlcnti set forth he~-cln. thc ~L~~~ICCI :~gr:e ils -li>llot~ i 

A4rtlele I

Purchase; Closing 

I. I Purchctsc. On the ternls anti s~lblcct to rile COII~~C~OII~ wt ii)rtIi 111 ti'lts Agrci"il~t"t~tthc C ui~-rpany agrees to tcil to the In\ e\tor. ad the In\ e\tor agree3 to ptirchase fl-otn the 

Colnpiir~j. ;it 111~ f'ltjcrt~g hcrelr~aficr IJfcli~lefJi, tile Purchiiscd Sectiritt~'\ for rhc prlc~ bet forth 

ori S~Iitd~iIc A (the "'Pi/, i iiirrcj Pr 16 L'" t 
UST Sequence Number: 885 

1.3 Closing. 

(a) On the tenns and subject to the conditions set forth tn this ,-"\greement, thc closirtg 

of the Purchase (the '"Clositzg") will rake place at the location specified in Schedule A, at the 

time and on the date set forth in Schedule A or as soon as practicable thereafter, or at such other 

place. tinle and date as shalt be agreed betaeen the Cornpany and the In\iestor. The trine and date 

on which the Closing occurs is referred to in this i"lgree11lent as the "Cko~it7g D~rre''. 

(b) Subject to the fulfillment or \%aiver of the conditions to the Closrng In this Section 

1.3, at the Closing the Company will deli? er the Preferred Shares and the IVarrant, in each case 

as ekidenced by one 01- more certtticates dated tile Closing Date and beartng appropriate legerlds 

as hereinafter provided for, in exchange for paytnent in full of the P~irchase Price by \+ire 

transfer of iintnediately available United States funds to a bank account designated by the 

Company on Schedule A. 

(e) The respective obligations of each of the Investor and the Co~npany to 

consurninate the Purchase are subject to the fulfilltnellt (or waiver by the Inkestor and the 

Cotnpany, as applicable) prior to the Closing of the conditions that (i) any approvals or 

authorizations of all United States and other govel~lmental, regulatory or judicial authorities 

(collectively, "Go1*en?n2er2fcz/ Entitie.s7') required for the consu~nrnatron of the Purcl~ase shall 

have been obta~ned or made in form and substance reasonably satisfactory to each party and shall 

be in full force and effect and all waitlng periods required by United States and other applicable 

law, if any. shall have expired and (ii) no provision of any applicable United States or other law 

and no judgtnent, ii~junctior~, order or decree of any Gokemr~lental Entity shall prohibit the 

purchase and sale of the Purchased Securities as contel~lplated by this Agreement. 

(d) The obligation of the In~restor to consurn~nate the Purchase is also subject to the 

fulfillment (or \s aiver by the In\ estor) at or prior to the Closing of each of the follolting 

conditions: 

(I) (A) the representations and warranties of the Co~npany set forth in (x) 

Scctron 2.2(3) of tll~s i\greement shall be true and correct in all respects as though made 

on and as of the Clos~ng Date, (y) Sections 2.2(a) through (I") shall be true and correct in 

all matcr~al respects as though 11lade on and as of the Clostng Dare (other than 

representations and itarranties that by their terms speak as of another date, which 

represct~tatioits arid narr:itlrlcs sinail be trite and corscct In all marerrat respects ai of such 

other date) and /71 Secrrons 2 3(h) tl~rvt~yh I\ 1 (disregardrng all qual~ticat~t>nb or 

Irn11tatti7r11s set li~l-th In such repre5entattrrns and warranttei as to "'matcnallr) '", "X onn-rpany 

2latertsl Adterse Lffect'" and ;lords of siiltirlar 1rnpol-r) sl~all be true anct correct as though 

rnndc on and 'is of tile C'lo\ing Date JoCIIL'I- that3 rcpxscnrationi and n ar7-aiitlcb that by 

thelr rcnns peak as of at~oti~er date, \i~ hzch representat~ons and RarrnntIci silali be true 

nnci co~~cctc as of \ucli other ddte), except to the extent that the fallurc of mch 

I-eprc.senlat~otts ancf Itarranttes rekrrecf to In this Sectron 1.2{df(i)(Af(7) to be so true ant! 

correct. rriclit tciuall) or 111 the aggregate. dues not hat e atrd i\nt~ld tlot reasonabl! be 

crpccred ti:, hit\ c rr Company AItiter~al Adt erse Irffccr and 03) ti~c C'clinpanj sllalf hit\ e 
UST Sequence Number: 885 

performed in all rnaterial respects all obl~gatlons recluired to be 13erfonnecl by rt under th~s 

Agreeillcnt at or prior to the Closing; 

(11) the Int*estor shall hate rece~ved acert~ficatc siyied on behalf of the 

Coinpany by a senior euecutib e of'Cicer certifying to the effect that rhe cotidirtotts set forth 

in Sect~on 1.2(d)f 1) have been satisfied; 

f iir) the Company shall liaue duly adopted and f'iled \t ~th the Secretary of Stare 

of its jt!risdlctron of orgamtizatron or orher applicable Got emtnental ktlrrtj the 

arnendlnents to tts certiticate or articles of incctporation. articles of assocratlon, or sllnrlar 

organizatronal document ("C/lup.te,.") rn substantiatly the fotms attached hereto as Anricu 

- .A and Annex B (the '.Certifi~~jte~ of Dc,sig~zrrtiofi.r") atid such t7ling shall hate been 

accepted; 

iv) (A) the Con~pany shall have effected such changes to its contpensatio~i, 

bonus, incentive and other bertefit plans. arangelnents and agreements (including golden 

parachute, ser erance and eii~ploylnent agreements) (collectitlely. "Belzefif 171~rjis") tz'ith 

respect to its Senior Evecutike Officers (and to the extent necessary for such changes to 

be legally erihrceable, each of its Senior Executive Officers shall have duly consented in 

tlritirig to such changes), as may be necessarq., during the per~od that the fntestor ott11s 

any debt or equity securities of the Cotnpany acquired pursuant to this Agreement or the 

Warrattt, in order to cotnply wit11 Section 11 l(b) of the Emergency Econoinic 

Stabilization Act of 2008 (''EES,-3") as implemented by guidance or regulation thereunder 

that has been issued and is in effect as of the Closing Date. and (B) tile Illtestor shall 

hate recerved a certificate signed 011 behalf of the Coinpany by a senior executrt e officer 

certifying to the effect that the co~idition set forth it1 Section 1.2(d)(iv)(A) has been 

satisfied: 

(v) each of the Con~pany's Senior Execut~ve Officers shall hale deltvercd to 

the Incestor a urrtten tvalver In the fitrln attached hereto as Annex C releasrtig the 

Inbestor from any claims that such Senlor Evecutit e Officers lnay othenvrse hat c as a 

result of the wuance, on or prior to the Closing Date, of any regulatiot~s n liich reyulre 

the modrficatr011 of, and the agree~i~ent of the Coi~~pany hercutider to tnudlfy. the terms of 

any Bcncfit Plans vt ith respect to trs Senlor kxecurn e Officers to eltm~nate any 

pr.ocr%run:, of cuch Bcnclit Pfans that would not be En co~~~pltance withthe requ~rei~~ents 

trf Section L 1 L (b) of tile tLl.S;3, as rmplemcntcd by gurdance or seg~~lat~ol~ tl-icrcurrdcr that 

lid\ bccn rs\ucd and 15 in effect :ti of the C'los~ng Dare: 

(I I) the C o:tly>ar~> \h'i)f hs\ c ~telti crcd to thc Iniestctr :I wf-ltter~ opln!;,xl 6crlti 

CC)II:I>C~ to tl~c C'otnpar~y (uhtch lnaq be rtrtei-lmal counietf, a~fJre>\ed to thc Inkebtor and 

dated as of tile C'tosrng Date. In iuh\ra~~ttally the forlrn attacfled hcreto as ,Anne*, U; 

(\ 11) the Cctlj~pan\- sital t ha\ i: cicl1-r cred certtlicatc\ 1t1 propcr li~rn~ or. li ~tli thc 

iltr~ur cctn\cllt of the III\ c\tor, CL IIJCIIC'C of iharcs 111 book-entt3 l;)rrn, c\ ~Jcnctl~g tiic 

f"rct"21-red SI-t;~rci to In\ c-"\tor or 11;5 dci~gnt.c(tf; and 
UST Sequence Number: 885 

(vtt~) the Company shall have dull executed the N'arrant 111 substantially the 

form attached hereto as Annex E, and deli\ ered such exectlted L$rawatlt to the In\ esror or 

its des~g~~ee(s). 

I .3 Interx2retat1on. byhen a reference is rnade in this Agreetnent to ".Recitals,'" 

-'LAt~icles," "Sections,"' or "Annexes" such reference shalt be to a Rec~txl, Article or Sectron of, 

or I"intleu tct, this Securit~es Purchase Agreernetlt - Standard Terms. and a reference to 

"Scehedules" shall be to a Schedule to the Letter Agreement, in each case, unless other\+lse 

~ndicated. The terns defined in the singular have a co~nparable meaning r;t. hen used in the pl~~ral, 

and vlce versa. References to '"herern", "'hereof', '"hereunder" and the like rekr to this 

Agreement as a whole and not to any pa12icular sectioti or provision. ~rnless the context recl~iires 

othel-wse. The table of contents and headings contair~ed in this Agreement are for reference 

purposes only and are not part of this Agreertient. Whenever the words "include.'" "tncludes" or 

"i~ncluding" are used in this ,Agreement, they shall be deemed follou ed by the wcrrds "\v itllout 

limitation." No rule of construction against the drajisperson shall be applied in connection with 

the interpretatiotl or ellforcement of this Agreement, as this Agrcetllent is the product of 

llegotiation between sophisticated parties advised by counsel. All references to "$" or "dollars" 

mean the lau ful currency of the United States of America. Except as expressly stated in this 

Agreement. all references to any statute, rule or regulation are to the statute, rule or regulation as 

amended, moditjed, suppleinented or replaced li-om titn~e to time (and. in the case of statutes, 

ii~clude any rules and regulations prornuigated under the statute) and to any section of any 

statute, rule or regulation include any successor to the section. References to a "htrsir?esr dtj~.'' 

shall mean any day except Saturday, Sunday and any day on which bailking ir~stitutions in the 

State of New York g nerally are atlthorized or required by law or other gobeniinental actions to 

close. 

Article 11 

Representations and U'arranties 

(a) CJn or pnor to the S~gtlirng Date, the Company dell\ ered to the Investor a scl~edule 

("lli\c./oiltr-c~ Sc I~~dl~lt.'") scttrng forth. alllong othcr things. tteitls thc iiiselosure of\\ h~ch is 

tleccssal3 or appropriate either In response to an cxpresi, drsclosure requlrtmcnt ctjt~tarned 111 a 

prot I.;ltjn hereof or as an c""iccpt10~1 to one or inore repre%e~~tat~oi~\ or \\ arr;lfltles cont:trncd ~ri 

Section 2 2. 

(hi "-C*oij~ptxulr ,\ftrrci-rtri I JI.L~L> Efft~ I" 111cansa 111at;"rlal :id\ cr~c effect (I) 117~" 

bwrneis. I.C\U~~S of op~t-ittit)n 01- fjnancrdl coi~J~tlurl of tlx C'O~II~L~M]~' and ~t\ ciin~ol~alated 

rub\~dtarica tciken di a \\ hole, jji-i,b ri./c<.ci. h<i\i c"t PI. that f: oi'tilpal~t Slarerrai Adt er\c t ffcct i11:tll 

!-tot b:: cleeincd rct ~r~ciudc rhe ct'ti.cts itf [A] charlgel after the dare of rite Letter .Agt'ecittcnt (1111' 

""Sr~nl,~g Ifirrc'") in general huitnc\\, ecnnomrc ctr rnarkzt ctltl~cllt~ct~~s (incfuding cltangc., 

gcnerdiij in pre~arl~ng jnrerest t-ate\, credit at arlab~litj and Itqutdrtt, currency c.rcisangc. r:ltc\ 

:ind J?~IC~ Iz'~ eI",ir trLidjng i O~L~II~CC, 111 rhc L1nltc~i State$ or fifreig13 scc~tr~tte~, tfr credrt i~~~irkzt".. 

or artj o~lthre~ih or eicalntron of hoittlr"ce\, declared 01- ~i1dec13rec~ act\ c,f'\\,lr ttr tcrr~riitlt, in 
UST Sequence Number: 885 

each case generally affectl~ig the industries in which the Co~iipany and its subsidiaries opcratc, 

(B) changes or proposed cliar-tges after the Signing Date in generally accepted accou~iti~ig 

principles in the Uriited States (""C;I-3,-tP') or regulator?; accounting requirements. or authoritative 

interpretations thereof, or (C) changes or proposed changes af-ter the Signrctg Date in securities, 

banking and other taws of general applicabiti~ or related policies or interpretations of 

Govemrnental Entities (in the case of each of these clauses (A), (B) and (C), other than changes 

or occurrences to the extent that such chariges or occurrences have or would reasonably be 

expected to have a tnaterially dispropitrtlonate adverse effect on the Co~npany and its 

consolidated subsidiaries taken as a tvhole refatit e to comparable U.S. banking or tinancial 

sert ices organr~ations); or (ii) the ability of the Coii~pany to consutn~nate the Purchase and other 

ti-ansactions conternplated by this ,4greeinetit and the Warrant and perform ~ts obligations 

hereunder or thereunder on a titnely basis. 

(c) ''Prt.vioz~.s~~ Di.%clo\rvraP' means information set .forth on the Disclosure Schedule, 

probided. however, that disclosure in any section of such Disclosure Schedule shall apply only to 

the indicated section of this Agreeinent except to the extent that it is reasonably apparent fro111 

the face of such d~sclosure that such disclosure is relevant to another sectlon of this Agreeinent. 

2.2 Re~resentations and ilian-anties of the Companv. Except as Pre~ iously Disclosed, 

tlie Colnpany represents and warrants to the Investor that as of tlie Signing Date and as of the 

Closing Date (or such other date specified herein): 

(a) Organtzation, Authority and Significant Subsidiaries. The Cornpatiy has been 

duly incorporated and is validly existing and In good standing under the latvs of its jurisdiction of 

organi~atton, ~r,lth the necessary power and authority to own its properties and cond~ict ~ts 

business 111 all material respects as currently conducted, and except as has not, individually or In 

the aggregate, had arid tvould not reasonably be expected to have a Compaiiy Material Adverse 

kffect, has been duly qualified as a hre~gn coForation for the trattsaction of bus~ness and is i~i 

good standing under the laws of' each other jurisdiction 111 which it owns or leases propestles or 

conducts any buslness so as to requlre such qualification; each subsidiav of the Company that 

would be considered a "stgniticant subsidiary" \? ithin the ineantng of Rule I -02(u) of 

Regulation S-X under the Secur~tjes Act of 1933 (the "'Sec.urifiek\ ?,rict"), has been duly organired 

and is vatidly elctstlng in good standing ~lnder the laws of ~ts junsdictlon of orgari~;fatioii. The 

f harrer and bylaws of the Comptrny, cop~cs of which have been prokldcd fo the 111~ csror prlor to 

the Slgnrng Date. are tnte. coinpletc and correct copies of siich docuft~enti 3s tn full .Force and 

effect as of tlnc Stgntng Date. 

ib, The aurhora~cct cap~ral stock of the Cotutpainy- and the outsrat~d~ng 

cap~tai; stock of rbe Company (inctuittng iecur-ttrec ci~ntrerttble into. ctr exer;iicii?ie or 

cxchimgcable for. capital dock of the Company, iib orrhc molt recent fi~~l ~no~ntil-end 

precedrng the Stgnltli,. D1ltc [(the "-C;ij>riirlrzirt~o~~ itlslli.'') 1% bet fofur-th on Schedule B. TIic 

i~ut~tanding sh;tres csf capital stock of the Con-tp,-iny hat c been du14 aitthorr7ed 2nd dre t al~ctlt, 

~$lrtcd and rtutstandrrig, fully pard and rtonasscssablc, atld \ub_tect to no prcernptllc nghh 1:tnd 

rtese IIO~ ~siued in 1 ttllatron ctf tiny preel~iptfs c rlght5). .4s of the S~glf~l-tg Date, rht C'iti~npai~y 

Joes tnot har c outstar~dlng ;trty iccurlrnes or other obl~gittiortc pml ~dmg the hctidcr the right to 
UST Sequence Number: 885 

acquire its Cornfnorl Stock ('Tounmon Stock'') that is not reserved for issuance as specified oil 

Schedule B, and the Company has not tnade ally other co~nmitment to autltorize, issue or sell any 

Coininon Stock. Since the Capitalization Date, the Company has not issued any shares of 

Commol~ Stock, other than (i) shares issued upon the exercise of stock options or delivered under 

other equity-based awards or other convertible securities or \%anants which were issued and 

outstanding on the Capitalization Date and disclosed on Scliedule B and (it) shares disclosed on 

Scl~edule B. Each holder of 5'?0 or litore of any class of capital stock of the Co~nbtaiiy and such 

holder's pritnasy address are set forth on Schedule E3. 

(c) Preferred Shares. The Prefersed Shares have been duly and validly aurhori~ed. 

and, when issued and delivered piirsuant to this Agreement, such Prefemd Shares will be duly 

and \/alidly issued and fully paid and non-assessable, w~ll ttot be issued in violation of any 

preemptive rights, and will rank yizripirssti u~th or senior to all other serles or classes of 

Preferred Stock, tvhether or not issued or outstanding, with respect to the payment of dividends 

and the distribution of assets in the event of any dissolution, liquidatiorl or winding up of the 

Company. 

(d) The Warrant and Warrant Shares. The Warrant has been duly authorized and, 

when executed aiad delivered as conte~nplated 1x1-eby, will constitute a valid and legally binding 

obligation of the Coll~pany enforceable against the Company in accordance with its rertns, except 

as the same may be limited by applicable bankruptcy, irisolvency. reorganization, inoratoriutn or 

similar laws affecting the enforcement of creditors7 rights generally and general equitable 

principles, regardless of uhether such enforceability is considered in a proceeding at law or in 

equity ("Bulzkl-ztptq. E.\rc.eptiot.~s"). The shares of Warrant Preferred Stock ~ssuable upon exercise 

of the Cliarrant (the "Jltirrrcr~f Shures") have been duty anthorizeci and reserved for issuance upon 

exercise of the Warrant and wl~ei~ so issued in accordance uith the terms of the Warrant will be 

allcity issued, fiilly paid and non-assessable. and ~vill rank ycrr-ip(;iL\\u w~th or senior to all other 

serres or classes of Preferred Stock, \vIiether or not issued or outstandiilg. u ~th respect to the 

paq~iient of di\ idends and the distribution of assets in the event of any dissolution, Irqu~datlon or 

\r~~liding upof the Company. 

(e) Anthori7ation, Erilitrceabilitc.. 

(I) The Cumpany Iias the corporate poucr and aiithority to execute and 

i3elrt sr this Xgrzcinent and the War-rtlnt and to catq o~it tts obllgatzit~~s tlcrsrindcr and 

rher-cunciicr illi 11ich rnc'iudes the Istridfice of tilc Preferred Shares, U at-rant drld U tlrrdr-it 

Sh,ir-cs I, -Tile exzcunola, Jclrs cry and perhrmance hq the Company of tills R~~L"~"EIIcI~~ ;~nd 

rhr: marrant arid tile cot^n\uanr?iatton of the trall3actrutls ctrrirer11pl3teild hereby iind thcrehy 

hat c bee11 cd~tly atithorl~cd b> iill r?receisrrrQ colForatr 8ctloi-r OZI tile psrl: of the t'olzij3any 

and rtt \tochh~tl~!ert, itiicL no frtrther 'i1q1-7ro'vdl or aurl~orirattoi~ I\ reqritrccl on the part of 

the COIII~);II~~ Tkl\ il\gree111~11t i"ra t alrd auct bli?J~rlg 0hf1gat1~111 of the Cvlltpanj 

cnfi)rct.ahle agartlst tfie C'ctmpcttaj In :tccorctancc 1% tth it5 tenti,, whycct to the B;uihniptcy 

i,~eeptnonr. 
UST Sequence Number: 885 

(11) Tfie executron, deli\ cry and performance by the Cornpany of this 

Agreetnent and the \/arrant and the cot~summatton of the transactions co~itei~~platcd 

liereby and thereby and compliance by the Companj \\ ith the pro\ islons tlereof and 

thereof, ~vill not (A) violate, confl~ct with. or result in a breacli of any provision ol-: or 

constitute a defat~lt (or an event which. with notice or lapse of time or both, would 

constitute a default) under. or result in the termination of. or accelerate the performance 

required by, or result in a right of tenninatton or acceleratton of, or result in the creation 

of, any lien, security interest. charge or encutnbrance upon anj of the properties or assets 

of the Company or any ~ubsidiarq. of the Company (each a "Cor?~pu~zj~ Suhci~fzut;~," and. 

collect~velg, the '"Cor~pat??. Stlhsicliurics") under any of the terms, condit~ons or 

provisioris of (I) its organizational documents or (ii) any note, bond, ~no~gage. incienture. 

deed of trust. license, lease, agreeinent or other ~nstminent or obligation to tbhich the 

Company or any Cotnpany Subsidiary is a party or by which it or any Coinpany 

Subsid~ary ]nay be bound, or to which the Colnpany or any Company Subsidiary or any 

of the properties or assets of the Coinpany or any Company Subsidiay may be subject, or 

(B) subject to compliance with the statutes and regulatio~is referred to in the next 

paragraph, violate any statute, rule or regulation or any judgment, ruling, order, writ, 

injunction or decree applicable to the Coinpany or any Coinpany Subsidiary or any of 

their respective properties or assets except. in the case of clauses iA)(ii) and (B). for 

tl~ose occurrences that, individually or in the aggregate, have not had and nould not 

reasonably be expected to have a Cotnpany Material Adverse Effect. 

(iii) Other than the tiling of the Certificates of Designations with the Secretal-y 

of State of tts jurisdiction of organization or other applicable Governmental Enttty, such 

filings and appro\ als as are required to be n~ade or obtained under any state "bllue sky" 

laws and such as have beer1 made or obtained, no notice to, filing with, exeinption or 

review by, or aut!iori7ation, coilcent or approt ai of, any Governmental Entity is required 

to be inade or obtairled by the Co~njlany in connectiort with the consu~~~ination by the 

Colnpany of the Purchase except for any sucii notices, filings, exeznptlons, rei/iews, 

authorizations. consents and approtats the failure of Lvhich to make or obtain \vould not, 

individually or in the aggregate, reasonably be expected to tiave a Co~npany Material 

Adverse Effect. 

if] At-.lt~-takeu\cr Pro\ rsluns and Rizrhts Ptm. The Board of Dtrcztors of the 

C'ompany (the '-Ko,rr-d cif llrr~~~ tor*\") 113s taken 311 neccslary actron to efihure that the rransactloni 

conteltiplated by th~s .itgrecnnt.nt and the Warrant and the cunsuinmat~on of thc t~tln~~rctioils 

~~)t~tt"fnptated hereby and thereby. rnclud~ng thc evcrcrie of rhe Warrant tn accfirtl3nce \;~~rh it3 

term\, n tff bc exempr from ~tny rlr-itl-tahctrrlizr or. hrrtl~lar pror iilons (ifrt~; C'oinpany'b Charter and 

hy1ati s, and an; other pro1 iirrtns of any appllcahlc: "'mor:ztorrum"'. "control \hare'", "fair pr~cc"'~, 

"rntcrclterl iti,chl~olcier*' or other dntl-ukcot er taxi and reguidttoni, of ~II) ju~r~daetiun 

tgl Srnce thc 164t dab of t11c la\t cctt-r~pletcd 

fiwaf period filr ~~liich iinancza! ".titc~~~~t~ts, itre ~licl~icicd ti? the tol~lpittlf 1 ~narit't,il ST:ttei??er?F~ 

(a:, ifcfi13cd belolt ). 110 Fdcl, c1r~~tii1~tan~c. et etnt, cl~artgc, occurrence. co~1dttioi1 or ifet clopmclat 
UST Sequence Number: 885 

has occuu~ed that, indivtdually or in the aggregate, has had or would reasonably be expected to 

ha~e a Company Material Ad-terse Effect. 

(h) Company Ftnaricial Statements. The Company has Prekiously Disclosed each of 

the consotidated financial state~nents of the Coinpat~y and its consolidated subsrdiaries for each 

of the last three coinpleted fiscal years of the Cornpany (tqhich shall be audtted to the extent 

audited t3nancial statements are ax arlable prior to the Signing Date) and each colnpleted 

quarterly period since the last coi~~pletect fiscal year (collectively the '-Cot~ipal?j. F-i~;l~l/rc'i~~I 

.7t~ter?;tei~t.~"). The Con~pany Financial Statetlients presetit fia~rly in all ~naterial respects the 

consolidated financial position of the Coil~par~y and its consolidated subsidiaries as of the dates 

indicated tlierein and the consolidated results of their operations f-br the periods spectfied therein: 

and except as stated therein, such financial statements (A) were prepared in confor~nity with 

GAAP applied on a consistent basis (except as inay be noted therein) and (B) have been prepared 

fiom, and are in accordance with, the books and records of the Co~~ipany and the Colnpany 

Subsidiaries. 

(i) Reports. 

(i) Since Decetnber 3 1, 2006, the Cornpany arld each Cornparij Subsidiarqi 

has flied all reports, registratio~ls, docr~ments, filings, statelnellts and sub~nissions, 

together kvith any alnendmerits therelo, that it was required to file with any Governlnental 

Entity (the foregoing, collectively, tlie "COI?~JJCZI~~. Repor*ts'?) and has pa~d all fees and 

assessments due and payable in coni~ection therewith, except, in each case. as would not. 

individually or in the aggregate. reasonably be expected to have a Company Material 

Adverse Effect. As of their respecti\ e dates of tillng, the Coinpany Reports co~nplied ill 

all ~naterial respects with all statutes and applicable rules and regulations of the 

applicable Goventinelital Entities. 

fir) The records, s> stems, controls, data atid tnfor~nation of the Coinpany and 

the Company Subsidiar~es are recorded, stored, lnaintained and operated under tneans 

(iticluding any electronic. tnechanical or photographic process, whether coinputertzed or 

not) that are under the exclusive owtiersh~p and direct co~itrol of the Company or the 

Companq Subsid~aries or their accountants (~ncludtng all tneans of access thereto atid 

therefrom), except for any non-exclus~r eot+nership and lion-dlrect corttrctl that would not 

reasonablq be expected to hake a t~larcrrtll adtjerse effect on the system of lntel~lal 

accounril~g controls descrtbed below tn this Section 2,2f l)(lti. Thc Coinpafiy (4) has 

runplcr~lcnted and matntatns adequate dtsclosurc controls and procedures to erlsure t11:it 

tnateriaf ~nfi~nnatior? reidring to the Cotnpanl). . rl~eludrrlg the ~tf~iso~tddte~~ C~lilffallj 

Subild~arres. 1s made kriunn to the chlcf e.zceutrr/e offjcer and the ch~ef finlt~~ctal offkcrof the Co~npany tq orheri u rthm ritosc entltres, and iB) h;a\ dricloacd, hawii on 11s rncI\t 

rccclit et :zlrratton prlrlr to tl-rc Szgnl~~g Date, to the f ompai~y'> outside atidlttrr, and the 

iind~t ctlnimttrce ot'the Board of Dtrcctors (u) any srgnlficant detiercnci~.~ and ~~tatcr~a! 

iicaknciies 111 tlle Jeclgn or operatrc,ti of III~L'SEI~I coi~tr~l"rtl~iit are rcasortahly Itkel] to 

adverset> affcct tl~c C~)ti~~~tdf~'y"s ahtllty to rccorci. proecxi. sumt~~arrre and rcpiwt finar~cial 

tn-tbr~nariorr and (q f a111 fi-auci, whether or not ~~ldtenal, that rv~tul"\ es rnaitage~lscitt or 
UST Sequence Number: 885 

other employees who have a significant role in the Cor11pany.s internal controls over 

financial reporting. 

0) No U~tdisclosed Ltabtltt~es. Neither the Coixpany Ilor any of the Cotnpany 

Subs~dtaries has any l~ab~lrties or obilgarrons of an) nature (absolute, accrued. contingent or 

othertvise) u hich are not properly reflected or resened against in the Cornpan) Flnanclal 

Statetnents to the extent req~rlred to he so reflected or resewed agarnst in accordat2ce ~z ~th 

GAAP, except for Iiabrlitres that hate arrsen since the last fiscal year end in the ordtnary and 

usual course of business and conststent with past practlce and (£31 Iiab~ltties that, indn ~dualty or 

in the aggregate, have not had and ztould not reasonably be expected ro have a Company 

Material Adverse Effect. 

(k) Offering of Securities. Neither the Company tior any person acting on it:, behalf 

has taken any actlon (~ncluding any offering ofanj securrties of the Cu~npany ~inder 

circ~l~nstances tz hich would require the ilitegration of such offering with the offering of any of 

the Purchased Securities under the Securities Act, and the rules and regulations of the Securities 

and Exchange Comlnissioci (the "SEC') proinulgated thereunder), whicti might subject the 

offering, issuance or sale of any of the P~irchased Securities to Investor pursuant to this 

Agreement to the rcgistratron requirements of the Securities Act. 

(1) Lltigatiotl and Other Psoceedili~. Except (I) as set forth on Schedule C or (li) as 

mould not, indk dually or in the aggregate, reasonably be expected to have a Coinpany Material 

Adt srse Effect. there is no (A) pending or, to the knowledge of the Coinpany. threatened, cla~tn, 

actlon, su~t, lrivestigation or proceeding, against the Coinpany or arty Coinpany Subs~diary or to 

t\ h~ch any of their assets are subject nor is the Company or any Colnpany Subsrdia~y subject to 

any order. judgment or decree or (B) unresolved violat~otl, criticism or except~on by any 

Got errlrnetital Lntity -\;i 1t11 respect to any report or relating to any examr~tat~ons or inspectioris of 

the Compa~ij or any Company Subsrd~aries. 

(111) Coinpl~ance ttlth Laws. Except as ~ould not. indt\ rdrtallj or in the aggregate, 

reasonably be expected to have a Company Material Adverse Effect, the Company and the 

Company Subs~dtarrcs have all pel-n~rts, lrcenses. fsanchlses. aut11orr7arlons. orders and approbals 

ol; and have lnatlc all Iilrngs, applrcattorts and reg~strattons u.rth, Got emmental fir~t~ttes that are 

rcqu~red in order to pen-tntt thein to oil 11 or Icase their propestles and aswts and to caq on tlwr 

bnb.tlnc,s as preiently conducted and that are n~atertal to the bubtiicss of tlrz Comg~anj or quch 

Cctmpany Subqtdarj. t:xccpt as "tt forrl? on Sctledulc D. the Con~pany and the (I'art~panq 

Sub\tdrar~i.i. ha\ e colnptted tn all reipectc ~tr-rd are not in dehult or r lrllat~otn of. ;and none of them 

1s. to the kno-c, Icdge ofthi. C'cttnpany, under inti e.tjgdttt,r-r M lth rc\pcct to irr, tal tha" ki~t>\"ledge i)t 

the Cotrtp,inj. I?at I. been ti1re6itcncd to be charged 1% rrh or git en notlci: trf ;iip I, iiilarton oif .in) 

:ij?pI~cabt~" titfln~$tic jkder;il, irate ctr jocdl) 01- htrelpn lau. ,tatutc, ordlti;ii~ce, Ircenw. rule, 

regulatron, pc)ltcy or guldcf~tie, order. cicn~ttnil, \.sr~t, ~njunctrotl. dccrce C?T JU~~III~III: ofalij 

Cior,erntnelltal Ennty, clther d~an iiich noncot-r~pltance. Jef;rult\ or vnolntlol?i\ that \-toulcf nor. 

lrtcf~t rifuaiiq or 111 thc aggrcgafc. re,isitrl~hlj be expected to ha\ c a Cuznpttny I"l'1dtcrt;tl Ad\ crlc 

laffect, tLxccpt fix \tatutorq or regulatory rcstrrctrons of general applrcdrlctn or a, tct hrth or? 

Sct~edutr: D, no (rot er~lin~"~~t;ll Eritlt> has placed any ri.\trrcrlon oti tile hltsrncss or litropefire\ of 
UST Sequence Number 885 

the Coliipa11y or any Con~panq Subsidiary that mould, indivtdually or in the aggregatz. 

reasonably be expected to hale a Cotnpany hlatertal Adverse Effect. 

(11) Emr~lo-tee Benefit S~latters. Except as would not reasonably be expected to hate. 

e~ther indit ~duallp or In the aggregate, a Coinpa~iy Materlal Adverse Effect: ('41 each 'kemptoyee 

benetit plan'ytvithin the meaning of Section 313) of the Employee Retiretnent I~~come Scurtt> 

Act of 1974. as amended ('YRIS.4")) prot iding benefits to any current or fbriner employee, 

officer or director of the Company or any tnelnber of its 'Yontt*c~llrd Grorry"' (defined as any 

organi~ation Which is a ~neinber of a controlled group of corporations nfithin the rlneaning of 

Section 4 14 of the Internal Revenue Code of 1986, as amended (the "C70deW)) that i~ sponsored. 

ina~ntained or contributed to by the Coinpany or any inember of its Controlled Group and for 

which the Cotlipany or any rnetnber of tts Controlled Group uoutd hate any liability, whether 

actual or contrngent (each, a "P1ui.l") has been ~naintained in colnpliailce mith its terms and with 

the requireinents of all applicable statutes, rules and regulations, including ERISA and the Code; 

(B) tx, ith respect to each Plan subject to Title IV of ERISA (including, for purposes of this clause 

(B). any plan subject to Title IV of ERISA that the Cosnpany or any member of its Controlled 

Group previously maintained or contributed to in the six years prior to the Signing Date), (I ) no 

"reportable event" (u ithin the meaning of Section 4043(c) of ERISA), other tlian a reportable 

event for u hich the notice period referred to in Section 4043(c) of ERISA has been waked, has 

occurred in the three years prior to the Signiiig Date or is reasonablq expected to occur, (3) no 

"accumulated funding deficiency" (within the meaning of Section 302 of ERISA or Section 4 12 

of the Code), whether or not waived, has occurred in the three years prior to the Signing Date or 

is reasonably expected to occur, (3) the fair market value of the assets under each Plan exceeds 

the present value of all benefits accrued under such Plan (deremined based on the ass~tinptions 

used to fund such Plan) and (4) neither the Coinpany 11or any ineinber of its Controlled Group 

has incurred in the ~ix years prior to the Signing Date. or reasonably expects to incur, any 

liabilrt\i under Title IV of ERISA (other than contributions to the PIan or prerniuins to the PBGC 

in the ordinary course and without default) in respect of a Plan (including any Plan that is a 

"'snultieinployer plan"', ttlith~n the rneavling of Section 400 I (c)(3) of ERISA); and (C) each PIan 

that is intended to be qualified under Section 40 1 (a) of the Code has receit ed a fat orable 

deteminatton letter from the Internal Revenue Service with respect to ~ts qualified status that has 

not been revoked, or such a deten~~inatioti letter has been timely al?plied for but not recerved by 

the Signing Date. and nothing has occntred, wliether bq action or by htlure to act, which could 

reasonabl?~ be expected to causc the loss, revocat~on or deniat of such clualified status or 

fat orablr detsnnrnatron letter. 

c 01 Taxes. Euccpt ,is tt ould not. rrlll~t tduatlq or in the aggregate, reasonably be 

L'\I)cc~cCS to hat t. a Cornpant "tilatcriat Xdt erst" Effect, j I f the COIMP;I~~ and thc C it:nltanj 

Subslcizanc., ila~r: fjfilcd all fcdemt, <late. focal and hrergt~ Income and franch~\iz I ax return* 

teyurred to be filecf rtrrouglt the Stgnrrtg Datc. si~bject trt penr~ttted c?rten\rss~s, ttnd lwe pad all 

Tares d~ie thereon, iit~d (11) nit Tax deficrency has heen cfetcrlnrtled adter\elj, to the Cor~lpany or 

:HIS' of the C'ct~rtpanq S~ibsldtarics. nor does thc Cornpany hate any kt~o.ri ledge of ~rny Tax ., defic~e~~c~es. ""ZIY" or ''T~~ir'te~ ~IIC~II', a111 fedcraI. statc. local or f~9rergtt L~~COI~C, ?TCXS\ rccclpt5, 

property. )*lei, U~C, Iicei~~t.. cxclae, fral~ch~re, employment. payroll, t%tthliolifing, altcrr~at~i c CJT 

ddd 011 II~III~~IIUIII, ad t aIr.;rr:m. transfer or excise tdx, or at14 ctthcr tax. cu\tctrn. duty. 
UST Sequence Number: 885 

governmental fee or other Itke assessment or charge of any kind tt htltsoet er, together tiith an) 

interest or penalty. imposed by any Goveminental Entlty. 

(p) Properlies and Leases. Except as uould not. individually or in the aggregate, 

reasonablq be expected to have a Company Material Adt~erse Effect. the Co~npally and the 

Company Subsidiaries hate good and inarkelable title to all real properties atid all other 

propedies and assets owned by them, In each case free frorn Liens, etlcumbrances, clallns and 

defects that ivould affect the value thereof or ~nterkre with the use imde or to be made thereof 

by them. Except as i+ould nor, individually or in the aggregate, reasoriably be expected to ha\ e a 

Colnpany Material Adlrerse Effect, the Co~npany and the Company Subsidtaries hold all leased 

real or personal property under valid a11d enforceable leases t+lth 110 exceptions that tvould 

interl-jre .ct ith the use made or to be made thereof bj. them. 

(q) Environmental Liabilitt. kxcept as m-ouid not, indi\ridually or in the aggregate, 

reasonably be expected to have a Company Material Adverse Effect: 

(i) there is 110 legal, administrative. or other proceeding, clairn or action of 

any nature seeking to iinpose, or that ~vould reasonably be expected to result in the 

itnposition of, on the Cornparty or any Company Subsidiary, any liability relating to the 

release of hazardous substances as defined under any local, state or federal environlnental 

statute, regulation or ordinance, including the Comprehensive Environmental Response, 

Compensation and Liability Act of 1980, pending or, to the Company's knowledge. 

threarened agatnst the Company or any Colnpany Subsidiary; 

(ii) to the Company's knowledge, there is 110 reasonable basis fur any s~~ch 

proceeding, claim or action: and 

(ill) neither the Company nor any Co~npany S~tbsidiary is subject to any 

agreement, order, judglnent or decree by or with any court. Ciovernii1ental Entity or third 

party irnposing any such environ~neritaliability. 

(r) Rtsk Manancinent Instrulnentb. Except as would not, irtdr\itdually or In the 

aggregate, reasonably be expected to hate a Colnpany Xilaterra1 Adverse Effect. all derlvatn e 

lnstl-uments, I~ICILI~LII~. SM aps. caps. floors and opt~on agreements, tx hetl~er entered tnto for the 

Curnpany's OM n account. or for the account of one or inore of the Cornpan) Subs~dlaries or ~ts or 

thcrr ctrstomeri, itere ctlter-ecl rnto (11 oa~t> In the urdinarq courcc of bus~ne~s. (13) 111 accordance. 

ik ith prudent practices and tn all tnater~rzl respecrs \;\ 1t11 all applrcahle lairs. r~iles, rcgulatlclns and 

regutaroi~ poltetei and (111) i-t ~rh counrerpan~cs bcliercrd to be financially rcspon\tblrl dt the time; 

anit each crf such rrlstrtttrrents ciinatltute., the a al~3 and lcgiiil> brnci~ng obllgat~on of thc C'ompaily 

or orx of the Coili~plitly Stib~~dl;ir~es. C~I~O~CC~~IC tn accorciance t;t~rh ttb tenns- except as rmay be 

Itrn~ted bq the BanLr~iptey kuctphons hertiler the Con~pany or the Cotnpany Sitbsldtar te5. ilor. 

to rhe knottllcdgc of the Coi~tpat~>. any other party thwret.0, ti in breach of a114 of ~ts cthlr,; (' "iht~31lb 

t~ncter anj ILIC~ agrec~ncr~t or ar~-a~~geine~~t other tha~t such breache4 tl~tlt izould not, !ndn ld~~allt 

or In the aggregate, retisonablt be expected to hate a Compitnq Zfatcrtal Xdi crsi: kffcct. 
UST Sequence Number: 885 

(s) hrrreernents with Rerrulatow Atrencies. Except as set faith oil Schedule E, neither 

the Co~npany nor any Company Subsid~ary is subject to any inaterral cease-and-desist or other 

similar order or enforcement action issued by, or is a pasty to any rnaterral wrltten agreement, 

consent agrsertlent or memorandum of t~nderstaftding withl or is a par@ to any commrtment letter 

or similar undegaking to, or is subject to any capital dtrecti~ eby. or since December 3 1. 2006, 

has adopted any board resolutions at the request of, arty Golc emmental Entity (other than the 

Appropriate Federal Batlking Agencies with jurisdiction ot er the Cotllpany and the Cornpany 

Subsidiaries) that cu~~ently restricts in any inaterral respect the conduct of its business or that in 

any material inanner relates to its capital adequacy, its liquidiq and funding policies and 

practices, its ability to pay dividends, its credit, risk management or compliance policies or 

procedures, its internal controls, its management or its operations or business (each item tn this 

sentermce, a "Kegzrltlto~:~. Ag~*c.er?;ler?!"), nor has the Coinpany or any Colnpany Subsidiary been 

advised since Decelnber 3 1. 2006 by any such Go\ erllrnental Entlty that it 1s coltsidering issuing, 

initiatirtg, ordering, or requesting any such Regulatoly Agreetnent. The Company and each 

Colnpany Subsidiary are in compliance in all material respects uith each Regulato~y Agreement 

to which it is party or subject, and tleithei- the Company nor any Coinpany Subsidiary has 

received any notice froiii any Covelnmental Entity indicating that either the Coinpany or any 

Cornpatiy Subsidiary is not in compliance in all tnaterial respects with any such Regulatory 

Agl-eetnent. ",-1ppropriusr;. t.'e~der~.crf BCIY~~~II~ ilgerzcj," means the "appropriate Federal banking 

agency" \? ith respect to the Colnpany or such Coinpany Subsidiaries. as applicable, as detjned in 

Section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. Section 18 13(q)). 

(t) Insurance. The Company and the Cotnpany Subsidiaries are i~tsured with 

reputable insurers against such risks and in such a~nounts as the management of the Co~npany 

reasonably has determined to be prudent and consistent with industry practice. The Colnpany 

ai~d the Company Subsidiaries are in material coinpliance ~71th their insural-tce policies and are 

not it1 default under any of the inaterial tellns thereof, each such policy is outstanding and in full 

force and effect, all pret~tiums arid other paytnents due under any material policy ha\ e been paid, 

and all claims thereunder have beell filed in due and ttlnely fashion, except. in each case, as 

would not. irtcJividually or in the aggregate, reasonably be expected to ha1 e a Co~npatly Material 

Adverse Effect. 

(~ll Intellectual Proaerti. kucept as tt~ould not, ~ttdrvrduallj or rn the aggregate, 

rsctsonabiy be erpectird ttt hare a Co~t-tpa~~j 3'ldterial Xdicrse Effect. (I) the Company and each 

C'ompanq Subsid~arq clunr or ctthcnt ~se has the rtght to ~isc, all ~r~teflccrual I?rnpefiy rrghts, 

111cludlng dl trademarks, trade drc\s, trade rran~es, sertlce marks, domatn tiattIe5, patenti, 

frltentions, tmdc becret\, kt:o\%-hou. uorks of ;l~itIi~>rbhip ;md c~p>r~gi-tfh~erer~~, that are uicd ril 

the condnct: ur'tht~r clrjsrrng bu\rne\ile\ dild iill rlghti re-iattilg to the plan\, deirgn and 

i~3~~lf~~~li10nr of an> of rrs branch Fdcll~ttei, ("-Pi <~/~i-l('fci~i Klghft"') free anti clear of 1 lreiii 2nd 

any clams of oiincr\hrp kq cursent or lilzi11c.r ctl?pfttyi.cs. ccrntrackors. ilc~tg~~iir-, or others and (11) 

ttelthcr the C'ompany 110s any of the Compax-ty Srabs~diartcc is matcrrltlly rnli-~nglng. drlnrrng, 

in~s:kpprcystatrtlg or ~olar~ng, nor has tix C'utl-tpany or any or the C'otnpan? Sl~b\t~llit~~t.\ rccerr. cil 

any it rtttcn for, to the knot\ Icdge of the CIOI~I~;LII~. oral 1 coli~~nunlc;itli)iIit aljegrl~g that anj ctf 

rhcm has rt~aterr~illy 111li.rngeJ. ifrliited, tn~\apprctpn',itcti or r, rrrlnted, ~1r14 of the Prog~r~~ltltrj Ktghti 

o\rtncd b! anj ctthcr pcr,on. t xcpr as ~rt~rlil not, rndrt tdually or 111 the rtggregatc, rcason;tbIq bc 
UST Sequence Number: 885 

expected to hate a Cornpan3 ?Lfatertal Adr erse Effect. to the Cumpan> "s knoi% ledge. no other 

person is infrttlgitlg, difiittng, misapproprtartng or i iolating, nor has the Colnpany or any or the 

Company Subb~dtariesent anj written cornmunlcat~ons s~nce January 1. 2006 allegrng that an) 

pcrsoti has infringed, diluted. misappropriated or r iolated. any of the Propr~etary Rights oi\~led 

by the Company and the Compal~y Subsid~arles. 

(1 l-broi\cr\ tii~d 1 in*. Ko broker, finder or ~ntestment banker is ent~tled to any 

tinaneta1 ad\ ISU?, brokerage, finder's or other fee or cornmisston in connection \\ith this 

Agreeinelit or the LVanant or the transactions contemplated hereby or therebq based i~porl 

arral~gei~lents nrtade by or on behalf of the Company or any Coinpally Subsidtaly for \t hich the 

in\ estor could ha1 e any liability. 

Article I11 

Covenants 

3.1 Cornmerciallv Reasonable Efforts. Subject to the terns and conditions of this 

Agreement, eacli of the parties will use its cornlnercially reasonable efforts in good faith to take, 

or cause to be taken. all actions, and to do, or cause to be done, all things necessary, proper or 

desirable. or advisable under applicable laws. so as to perlnit consummation of the Purchase as 

promptly as practicable and othet\\ise to enable consummation of the transactior~s conteinplated 

hereby and shall use commercially reasonable effitrts to cooperate with the other party to that 

end. 

3.2 Expenses. Unless othemise provided in this Agreement or the Warrant, each of 

the parties hereto will bear and pay all costs and expenses irlcurred by it or on its behalf in 

connectioli with the transactions conternplated urlder this Agreement and the Warrant, including 

fees and expenses of its own tii~anctal or other consultants, investt~ient bankers. accountants a1-d 

counsel. 

3.3 Sufficlencli of Authori~ed U'amltnt Preferred Stock: Exchange Listing 

(a) Diiring the per~od from the Closlng Date unt~l the date 011 uhich the Warrant I-ias 

been full3 exercised, rhe Company shall at all ttlnes have reserved for issuance, li-ce of 

17reeinptt\e or stmrlar rights, a suftic~ent nt~inber of autIior17cd 2nd unr\sur.d Wan-ant; Shares to 

effectuate such cxerclsc. 

(b) If the Cotnpany Ii\ts ~ts Cornmon Stock an) nat~on'tl securit~ei exchange. the 

C'ut-r?panj $hall. if retlutsted hy tile Intestor. promptly use its rca,onabli: bcit cffbrt., to C~LI~L" the 

Prcfcn-ed Share., aid \.V6trr-ant Sharer tit bc approxed for llis~~ng clna n,itlon;il iecLirlrres exLhdngc. 

Livr~)~l~ptly '1% pracrtcdhli" fcAlo~ 111~ -ruth rcque"tt. 

3 4 C'ertii~t~ hot11icat10ns Unt~l t'lc)~lrlg. FIPIIII the SI~JII~I~ Date ~f~~td tflc CII~)'rfilg, tiic 

C onlp"n4 ha11 promptly tltjtli) tke In\ +tor of (I) a124 fitct. c\ cnt or ctrcum\tance of tchicll 11 1.1 

:iu drr" ;~ld EX hhlc.11 1% out8 rcl-l\itnably he c\pccred to citu\c drly rcpre%cnh,ttlon or is an-al-rty of thc 

f atl?lxilnq cotttatncd 111 thr? Agrccmcnt to bi: urltrtte or Ittacctlrati: 111 LI~? marcrral I-~~~CCI or [I:, 
UST Sequence Number: 885 

cause any cotenallt or agreement of the Cotnpany contained in rhrs Agree~nent not to be 

coinplied uith or sattsficd In any ~naterial respect and (11) except as Pret 1ous1y D~sclosed, ally 

fact, circutnstance, event, change, occurrence, colldltion or develop~~-ietlt of u hlch the Co~npany 

1s asare and whtch. tndtc tdually or rn the aggregate. has had or c~ould reaso~lably be expected to 

have a Coinpany %laterra1 Adkerse Effect; pn,viclcd, /hottcr*et-, that dellvery of any ilotice 

pursuant to this Sectloil 3.4 shall not llrntt or affect any rights of or retned~es ava~lable to the 

Int estor; pvol,icfcri, fzrrtlzer, that a lj~lurc to coinply wtth this Sect~on 3.4 shall not constttutc a 

breach of tl~is Agreelnent or the fii~lure of arzy condtt~on set fort11 111 Sectron 1.2 to be satisfled 

unless the underly~ng Compml Xlaterial hdt erse Effect or matenal breach nould indepellderrrly 

result it1 the failure of a condition set forth 111 Section 1.2 to be satisfied. 

3.5 Access, Iufijrmation and Confidentiality. 

(a) Froin the Signing Date unttl the date when the Investor I~olds an alnoiint of 

Preferred Shares llaving an aggregate liq~iidatioll talue of less than 1 OOo of the Purchase Price, 

the Cotnpany will pennit the Incestor and its agents, consultants, contractors and ad~isors (x) 

acting through the Appropriate Federal Banking Agency, or otherwise to the extent necessary to 

evaluate. manage. or transfer its investment in the Company, to examine the corporate books and 

rnake copies thereof and to discuss the affairs, finances and accounts of the Company and the 

Company Subs~diaries \;c 1tl1 the prrilctpal officers of the Company, all upon reasonable notice and 

at such reasonable times and as often as the In\ estor may reasonably request and (y) to review 

any infonnation inaterial to the Investor's investment in the Company provided by the Company 

to its Appropriate Federal Banking Agency. Any i~~vestigatioi~ pursuant to thls Section 3.5 shall 

be corlducted during normal business l~ours and in such manner as not to interfere unreasonably 

with the conduct of the business of the Company, and nothing lierein shall require the Company 

or any Company Subsidiary to disclose any infonnation to the In\ estor to the extent (i) 

prohtbited by applicable la\$ or regulation, or (ii) that such disclosure would reasonably be 

expected to cause a violation of any agreelnent to cthich the Company or any Company 

Subsidiai-y is a party or would cause a risk of a loss of pri\ tlege to the Company or any Company 

Subsidiaiy (j?ro\>ided that the Company- shall use co~n~nerctally reasonable effol-ts to make 

appropriate subatitute disclosure arrangeinents under circuinstances \%here the restrictions in this 

clause (iil apply). 

ibl Fronl the Signing Date unt~l the date on cbh~ch all of the Prekrred Sl~ares and 

\2.a1-rdnt Shares ha\ c been rcdce~lled 111 \%hole, the C(1tnpdny 1% 111 delir cr. or i\ 111 cause to be 

deli\ ercd. to the In'c csror: 

r t 1 a> coon 34 zit. ill fable dter the cnd of each fiical j e:tr of the C011117iltiy. and 

in itny etcnt ~.~rti~lr~ 91) day\ titcrcaftcr. a conic>lrddred balance 311cct of the Clt~n~pdny nc of 

the end of cuch f-i"ral ycar, anct consci1rd;ttccl \tatetnents of IIICC)IIIC, retamed edrllrilgs and 

c,tsh I-lotcs of the Company fbr such year. tn each case ptcpared 111 accordance is rth 

(,'&A£' 3trd setttng forth 111 each c'tic 111 co~~~pitratlt e fcmn thc I-igttl cc fbr the prcx tot!., 

ilitcal ycar of the ('ompan), and ul~lch >hall be audtteci to the extent atldrtcd financrttl 

.tratcmznts are rtr ;trlablc; and 
UST Sequence Number: 885 

(11) as soon as a\ ailable after the end of the first. second and tti~rtl quarterly 

periods in each f~scal year of the Company, a copy of any qua13erIy reports provided to 

other srockholdei-s of the Cotnpany or Cornpany manasesnetit. 

(cf The Lncestoi- w11l use reasonable best efforts to hold, and will use reasonable best 

efforts to cause its agents, consultants, corttractors and ad? rsors to hold, sn confidence all nonpubltc records. books, contracts, instruments. coinputer data and other data and tnhnnatiou 

(collecttt el?. "f~?fitl-r?zurio~~"f coI1cer11lns the Company Eurntshed or made axallable to rt by the 

Company or its represerltatrt es purcuant to this Agreement (except to the extent that such 

tnfonnat~on can be shown to hate been (I) prex ~uusly known by such party on a ton-confidentla1 

basls, (11) in the public dorllatn through no hult of such pasty or (111) later la& fi111y acqutred frc-tin 

other sources by the party to tvhrch it mas filmishcd (and -cs rthout violation of an) other 

cot1tidentiality obligat~on)): 121'o~.zderA that noth~ng herein shall pret ent the Investor Eron~ 

disclosing any Irrfolxnatlon to the extent required by applicable taws or regulatic~ns or bq any 

subpoena or srrniiar legal procebs. 

(d) The Investor's infonlnation rights pursuant to Section 3.5jb) may be asstgned by 

the Investor to a transferee or assignee of the Purchased Securities or the Warrant Shares or with 

a liquidat~on preference or, in the case ofthe Warrant, the liqtrtdation preference oftlie 

underiy~ttg shares of Clitirrant Preferred Stock, no less than an alnount cq~~al to 2% of the initial 

aggregate liquidation preference of the Preferred Shares. 

Asticle IV 

lidditional Agreements 

4.1 Purchase for Investment. The 111~ ector acknoc\rledges that the Purchased Securlttes 

and tile Warrant Sl~ares hate not been regrstered under the Securities Act or under any state 

sccunties lakvs. The Investor (a) 1s acqurrrng the Purchased Secursties pirrsuant to an eue~nptloil 

froin registratron under the Securities Act solely for ~nvestmel~t wth no present: tnter~tion to 

d~strtbute them to any person In v~olat~on oftlle Sec~~rttres Act or any appl~cable U.S. state 

securltles laws. (b) uill not sell or otherwise dispose of any of the Purchased Securities or the 

Lt'anant Shares. except 1x1 compliance xvrth the reg~stratton requirements or etieinpt~on prot is~ons 

of thc Secul-itre\ Act ancl any appllcablc C1.S. state securrtles Iatls. and (c) ha% iuch k~lou lcdgc 

and elipcnciice in fjnancial and hus~nesc itlatters and tn ri1kestments of t171~ type that rt capable 

of e\ 3luatr11g the mcnts and i-isL4 of the PLITC~~SL" and of making an infcjnncd En\ citmcr-tt 

ciel.lsto11. 
US7 Sequence Number: 885 

OR OTIIERWISE DISPOSED OF EXCEPT LI'IIILk A REGISTRA4TION 

ST,i\lTEklENT RELATING THERETO IS IN tFFECT UNDER SUCH ACT .43D 

'4PPLIChBLE STrt'TE SECURITIES LAWS OR PLiRSUhNT TO AN EXkMPTION 

FROM REGlSTRATION UNDER SUCH ACT OR SUCII LAiI'S. 

THIS IESTRUMENT 1S ISSUED SUBJECT TO THE RESTRICTIONS ON 

TRANSFER AND OTHER PROVISIONS OF -4 SkCURITIES PURCIiitSE 

AGREEMENT BETWEEN TtiE ISSUER OF THESE, SECURITIES AND TtIE 

INVESTOR REFERRtD TO TtiEREIN, A COPY OF VIitI1Ct-l IS ON FILL %/ITlii TILE 

ISSUER. THE SECURITIES REPRESENTED BY THIS IhSTRUhIENT MAY YOT 

BE SOLD OR OTIIERLYISE TRANSFERRED EXCEPT IN CObfPLIAhCE 'LVITEI 

S,;i\lD AGREEhlENT. ANY SALE OR OTHER TRANSFER NOT IT\, COMPLIANCE 

V4ITE-l SAID AGREEMENT WILL BE VOID." 

(b) In addition, the Investor agrees that all certificates or other ir~strunl~ents 

representing the Preferred Shares and the LVarrant Shares will bear a legend substantially to the 

folloktling efkct: 

"TIfE SECURITIES REPRESENTED BY TIIIS INSTRUMENT ARk NOT SAVINGS 

ACCOUNTS, DEPOSITS OR OTHER OBLIGATIONS OF A BANK AND ARE NOT 

INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY 

OTI-iER COVERKMENTAL AGENCY. 

THE SECURITIES REPRESEhTED BY THIS INSTRCMENT HAVE NOT BEEK 

REGISTERED UNDER TffE SECURITIES ACT OF 1933, AS ANENDE,D (THE 

"SECURITIES ACT"'), OR THE SECURITIkS LAWS OF ANY STATE AND MAY 

NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT Wf IILk 

A REGISTRATION STATEMENT REL-4TING TF1ERETO IS IN EFFECT UNDER 

SUC'tI ACT AND APPLICABLk STATE SECURITIES LAWS OR PURSUANT TO 

AN EXEMPTION FROM REGIS7'RATIOrU UNDER SUCH ACT OR SUCH LAiVS. 

EACH PURCHASER OF THE SECURITIES REPRESENTED B'r' THIS 

INSTRUMENT IS NOTIFIkD THAT THE SELLER MAY BE, RELYING ON THE 

EXE'tfPTION FROhl SECTION 5 OF TI-iE SECURITIES ACT PROVIDED BY RULE 

144A TI 1ERLUzt DER, ANY TRANSFEREE OF THE SECURITIES REPRESEYTkD 

BY THIS IUSTRUkltNT BY 13's ACC1:PT24"t'CE EIERkOE (1) RIsPRkSkhTS TIIAT 

IT IS X '"QGIALII-fkU IiCSTITll TlO\AL BCt'LR" IXS DhI-IKkD I\ RULE 144A 

LhDER THC SECLlRlTfES ACT), (2) itGREF:S Tf1AT IT WILL SOT OFFER. SEL,L 

OR ClTIItRas\, ISL IR4ZSI.ER Tffk SkC IIRITlkS REPKLSkhTED BY TI4fS 

I\STRG'ltllE\T fiXC L.P T ('4 t EZURSUA'G'T TO X REGIS TR4TXC);t S'TAThdlt;ll_21T 

WLIfC'I1 IS TtIEttN El-i- LC Tlt'E UXDLR fCfL SkC'IiRITILS ACT, (B) ktSIQ SO LOhG 

AS TiIE SkCCRITIkS REPREStltTkD B'r' TFiIS fXSTRL"LlL\T ARE fil I(iIR1 k 

FOR RhS4LE PI!RSUAhTTC) RULE I J4A. TO A PkRSOF IT RLASObABLY 

RLLLL\.*ES IS 4 ""QU 2l-IkIkL) IZSTITL~TfO"\JAL BtiYLtR" AS DtI-INkD I\ RCLE 

133A UXDLR I11L SILC G'RITILS ACT TIIAT PG'RCIiASLS FOR ITS OlV21 

-?ICCf)ti\ f OR FOR T1Ik AC'C'OLhT OI. 4 Qli4LlFIL D IYS l*l*rclTrQX 4L BUY-l-,i< 
UST Sequence Number: 885 

TO M'tIOPtl NOTICE IS GIVE% TIIAT TIfE TRASSFER IS BkINCi MADE IN 

RELIASCE ON RULE IJclA, (C) TO TIIE ISSLIER OR (D) PURSCAIcT TO AhY 

0Ttfk.R XtrA1LAf3LE EXEMPTION FROM TIIE REGISTRATION 

REQCIREhlENTS OF TlIE SECURITIES ACT ASD (3) AGREES Ti1AT IT WILL 

GILrE TO EACH PkRSON TO UrIIOM THE SECURITIES REPRhSENTkD BY TIIIS 

INSTRUMENT ,ARE TRANSFERRED A NOTICE SUBSTANTIALLY TO THE 

EFFECT OF THIS LEGEND. 

THIS INSTRUMkKT IS ISSUED SUBJECT TO THE RESTRICTIOKS ON 

TRANSFER AND OTtlER PROVISIOYS OF iZ SECURITIES PURCHASE 

AGREEMENT BETWEEN THE 1SSUk.R OF TI-IkSE SECURITIES AND TlfE 

INVESTOR REFERRED TO TIIEREIN. A COPJ' OF WtilCf 1 IS Oh FILL: \VlTII Tt1.l.. 

ISSL'ER. TIIE SECURITIES REPRESENTED BY THIS INSTRULIENT SliLtl' NOT 

BE SOLD OR OTHERbVISE TRANSFERRED EXCEPT IN COVPLIANCE MvITIi 

SAID AGREEMENT. ANY SALE OR OTk-IIER TRANSFER NOT IN CCOMPLIANCk 

WlTI I SAID AGREEkIENT JVILL BE LrOID." 

(c) 111 the scent that any Purchased Securities or JVarrant Shares (i) becorne registered 

under the Securities Act or (ti) are eligible to be transferred without restrlctton in accordance 

1vitl1 Rule 143 or another exetnption fro111 registration under the Securities Act (other than Rule 

1 MA), the Company silall issue new certificates or other instruinents representing such 

Purchased Securitres or Warrant Shares, ~nihich shall not contain the applicable legends in 

Sections 4.2(a) and (b) abot e: provided that the Investor surrenders to the Company the 

pre\ iously issued cel-titicates or other instruments. 

3.3 Certain Transactio~~s. The Company tvill not merge or consolidate tx ith, or sell. 

tran~fer or lease all or substar-ttlally all of its property or assets to. any othcr party unless t21c 

successor, transferee or lessee party (or its ultimate parent entily), as the case inay be (rf not the 

Company), expresslq assutnes the due and punctual perfortnance and obsert ance of each and 

every cot enant. agreement and condition of this Agreement to be perfotmed and observed by the 

Co~npany. 

3.3 Tra~~sfcr of Purchased Securlties dnd Warrant Shares; Restrrct~ons on E\;crctse of 

the liarrant. Stnbject to co~nplrai~ce ~ttth app11ca"ole securrtles law\, tl~e 111~c"btor \hall be 

pemrtted to tranifer. \ell, asvgn or itthel-tt~sc dripoic oE("Tl"ttt?'t{r>r"'') all or a por-trttn of thc 

Purcllased Secur~t~es or M arrant Shares at any t~me, and the C'ot~~panq :sl~all take all iteps as ma) 

he rraltoi~ably rccjticired by the lri~e\ror to faclIitatc thc Tran4er of the f urcila\cd Sccuntrci :itlrd 

the Ctiitl-rztlt Shareis, pl-ot IL/CJLI that thc I~tt CI\~OI- afi;rll not Tran\fer- an3 P~treha\ccf Se.ctinr~c\ or 

\'tf;irrant Sl~iires 14'iuch rtr'a115fer II;\C)LII~ reclulre the Cornpzinq to hc 5ubji.ct to the pcriodic 

r-cp~rt~i~g requ~rclncnts of Section 13 or 1 3 d f of [lac Sccrrr~t~es L- uchange Act of 1933 (rltt. 

"IYYL/ILJ~'~~L" 3~'t"). In ifilrri~er~~~~ce of the foregot~lg, the C'i)l~~pan> \hall pro\ ide reasonab\c 

cooperattor1 ro fircilitatc an1 Trand'cr? of the Purchaied Srlciir~ttrz\ or t\'&n-ant Shar-cs. ~ncluitir-rg, 

a5 1, reaicttiable trtlitcr the L'ISCUIII~~~~IC~S'.; h> ti~rf~lillfttg itiell i13for1n;itio11 concer11111g the 

C'ittnpa~~y and tts buirrrcis ai a propo4i.d trtt~tsfcr-ee may ri.;tsonably requrlit (rncllidtng iit~il 

~nlitrmattott a\ IS re~julrcii by Section 4.";1<),1 ;and ~nt~king managclnetlt ofthe C'omp'iny 
UST Sequence Number: 885 

reasonably a\ ailable to respo~id to questions of a proposed transkrec in accordance u tth 

custoinav practrce. subject rn all cases to the proposed transferee agreeing to a customary 

contideiitialitj agreeinent. 

3.5 Registration Rights, 

(a) Unless arid ui~tll tlie Cotnpanq. becornes subject to tlie reposting requirelnents of 

Sectron 13 or 15(d) of the Exchange Act, the Colnpany shall have no obllgatron to comp1y ttltth 

the pro\ isions of this Section 3.5 (other than Sectton 3.5(b)(lt)-(\ I)); p1-ol91ded that the Company 

cot enants and agrees that ~t shall coinply uith thts Sectron 3.5 as soon as practicable after the 

date that rt becornes subject to such rcportiilg requtreinents. 

(b) Registration. 

(i) Subject to the terms and conditions of this Agreement, the Compatiy 

covenants and agrees that as promptly as practicable after the date that the Company 

becornes subject to the reporting requiretnents of Section I3 or 15(d) of the Exchange 'Act 

(and In any ex ent no later than 30 days thereafter), the Company shall prepare and tile 

with the SEC a Shelf Registration Statement covering all Registrable Securities (or 

otherwise designate an existing Shelf Registration Statement filed \bith the SEC to cover 

the Registrable Securities), and. to the extent the Shelf Registration Statement has not 

theretofore been declared effective or is not automatically effecthe upon such filing, the 

Company shall use reasorlable best effosts to cause such Shelf Registration Statement to 

be declared or become effective and to keep such Shelf Registration State~xlerit 

continuously effective and in coinpliarlce with the Securities Act and usable for resale of 

such Registrable Securities for a period from the date of its iiiitial effectiveness until such 

time as there are no Registrable Securities rel~lainlng (iticludi~ig by retilii~g such Shelf 

Registratioti Staternent (or a new Shelf Registration Statement) ~f tlie rnitial Shelf 

Registsarioil Statcrnent expires). Notu itf-tstanding the fosegoing, ~fthe Cotnpatly is not 

eligible to file a registration statement oil Fo11n S-3, then t11e Colnpany shall not be 

obligated to file a Shelf Registration Statement unless and until requested to do so in 

u rrtrng by tlie In\ estor. 

frr) 4ny rcgrstratrotl pursuant to Sectroix 4.5(b)iil %f~alf be effccred by ine,lns 

of a shelf regtatratlor1 on :in approprrate form under Rule 41 5 under the Sccurtttes 4ct (it 

*",S/?c/f Xcg~rri-trlriit? Stirit;,?~cjilt"). f f thc Incciror or an) othcr I (older rntcncls to Jrstnhutc 

3114 Reg~rtrable Scc~tntre:, h> rnea~~i of an ~~11dcr~t~1tterl offring it \tictIl promptly ,o 

adt lie the Company dnd tkr: Co~t-rpa~ay %hall t~ke dl! reiiiotldbli" "repi to fdctlltata: \ut'l? 

cfrsarbut1011, ~nciircf~l~g the dct~oni, required pur\u,i~~t to SCL~ICII 4.5td). j~i-ol :~l~Cii tllt the 

i'oinpanq ihal I rnoe be rcqurrcd to Pdcalrrate an undsi~t rlttcn off21 llig of Kcgr\tictbte 

SCLIU~I~IC~~~I~~-'S~ the ~'fij>ecte~f grosb ~TOL'CCL~S frriftx ~JcI~ offenrag e~cced f I) 2')0 of ttic 

~nitial aggregate Iiyurdatton prekscnce of the Prefe~~ed ShLzrc\ if 5ucI-i rn~rlal aggregate 

IrcjurcIattoti ~?rcferr:~~ce 13 It"\\ tli;~~~ S2 b1111011 and (11) $200 11i11l1ot1 ~f the IIIITI~~ zi~gregatc 

llclirrclirt~otl psei\crci-rce uf the 13rcfr:t.rrcd Sh,trc? nr eclual to or grcatcr than $2 h~llton 7'hc 

lead u~iderrzrttcrs 111 an? sttc11 di\rrrbutron illit11 he s~lccred bt the Liolcicri of it n~ajctnry 
UST Sequence Number: 885 

of the Rcgrstrable Securities to be dlstrrbuted; pf-o"(lt~~/ed that to the extcrit appropriate and 

pcni~incd under applicable law, such tiolders shall cons~dcr the qualiticatt of any 

brokcr-dealer Ptftiliatc of the Cornpan1 In selectlug the lead ~~iiden\r~ters rn any such 

dlstrtbutton. 

(irt) The Company shall not be required to effect a registration (includtrig a 

resale of Registrable Sectirities fiotn an effcct~rre Shelf Regtstration Statement) or an 

undert\ritren offering pursuant to Section 3.5(b): (A) with respect to secitrities that are 

not Regtstrable Securities; or (B) if the Company has notified the In\ cstor and all other 

t-Iolders that In the good faitli judgineilt of the Board of Directors, it would be material13 

detrlrnental to rhe Co~npaliy or its securityholders for such registration or undenvritten 

offering to be effected at such time. in ~/hicli event the Company shall have tlie right to 

defer such registration for a period oftiot inore than 45 days after receipt of tlie request of 

the Investor or any other Holder; pr*ovicit.d that s~tch r~ght to delay a registration or 

underwritten offenng shall be exercised by tlie Company (1 ) only if the Cotnpany has 

generally exercised (or is concunently exercssing) siiiiilar black-out rights against holders 

of similar securities that liave registration rtghts and (2) not more than three times in as14 

12-month period and not inore than 90 days ill the aggregate in any 12-tnonth period. 

(iv) If during any period when an effective Shelf Registration Statetnent is not 

available, tlie Coi~ipany proposes to register any of its equity securities, other than a 

registration pursuant to Section 4.5(b)(i) or a Special Registration, and the registration 

form to be filed may be used for the registration or qualification for distributio~i of 

Registrable Securities, the Company will give prompt written notice to tlie 111vestor and 

all other t iolders of its intention to effect such a registration (but in no event less than ten 

days prior to the anticipated filing date) and will include in such registration all 

Registrable Securities with respect to which the Company has received t~~rittt.11 requests 

for inclusion therein u ithin ten business days after tlie date of tlie Company's notice (a 

"F3igg~'bclck h'egiL~/r~~z/it~nM'). Arty such person that has made such a tsritten request inat 

tbithdrarv its Registrable Securities fiotii such Piggyback Registratioii by grr ing wntten 

slotice to the Coltipany and the tnanaging undenvrster, if any, on or before the fifth 

busitless day prior to the planned effectit e date of such Piggyback Registration. The 

Colnpnny may ter~ninate or tztthdra\v any regtstratton under thts Sectron 4.5(b)(iv) prior 

to the et'1'cctrt cncss of such registrat~ott, \\ hethcs or not Intrestrrr or any othcr Elolders 

hare clectcd to rnelude Regtstr;tblc Securltres in st~ch regtstratlvti. 

(i ) If the regrilrrtltlon referred to tn Set.rton 3.5(hf(i\r) la ~fr0130seit to be 

uridern rtrten, tile Ctrir.ipant i-c 111 ku adt isc In; c~tur and ail other f lotJers ac :.I part of the 

unttc~~ t~otscr" glticn pelr\nani: trl Sect~or~ 3 -C;(b)ht ) 111 such C~CIIT, rht. rrght of In\c%tor 

and all trther f Iolcleri, to rcg~stratlon pursutrnt to Secttun -t._S(h) urll he cundltloncd uptrra 

\uch persons' pat-trclpat~ot~ 1r.t suet1 ur~denrtt~ng and the ~nclu\ror-r of strch pcrcor-r's 

Rcgr\erable Sccurrtrcs ~n thc tlt-rderwrlt~ng rf \~.rch sccur~treil arc crf tt~e saiiie cla\u~f 

I~'C"LIT~~ICCI a4 the "tctirltie",o hc offcrcd 111 the ~~~~dcsl.\istttet~ offcntrg. and each \rich 

persort tt ill (togctlier it rth tlie C oiI1pany and thc ork1c.r pcrioni dr\tr~h~ttll-.rg thetr iccrtrltlcc 

tllrough .trtcl-r ur~clcr-tt I-rt~ng) enter irlto an ~iil~let '~i rlttng 3grcc11le1it III c~ist0111a~ form i1 1t11 
UST Sequence Number: 885 

the ~~nder\vriter or~irtdenartters selected for such unden-r rtting by the Company: !?I-ovickd 

that the Investor (as opposed to other t loIders) shalI not be requ~red to inde~nn~fy any 

person in connection with any registration. If any panic~parsng person disapproves of the 

terms of the undentrrttng, such person may elect to withdra~ therefrom by ~trttten notice 

to the Company, the inanaglng unden\r~ters and the Inx~estor (if the Irtt.estor 1s 

parttclpating in the underx-rriting). 

(L i) If either (x) the Con~pany grants "piggyback" registratton rights to one or 

inore third parties to include thetr securities in an undenvritten offering under the Shelf 

Registration Statement pursuant to Section 4.5(b)(it) or (y) a Ptggyback Registration 

urider Scction 3.5(b)(ic) relates to an utlderwritten offering on behalf of the Company, 

and in either case the ~nanagillg underwr~rers advise the Company that in their reasonable 

opinion the number of securities requested to be included in such offering exceeds the 

11umber tvhich can be sold vvitilout adversely affecting the marketability of such offering 

(~ncluding an adverse efkct on the per share offering price), the Coinpan] tvill include 111 

such offering only such nurnber of securrtles that in the reasonable opinton of stich 

managing underwriters can be sold mithout adversely afkcting the marketability of the 

offering (including an ad? erse effect on the per sl~are offering price), which securities 

mill be so rncluded in the following order of priority: (A) tlrst, ill the case of a Piggyback 

Registration under Section 4.5(b)(iv), the securities the Company proposes to sell. (B) 

then the Registrable Securities of the Inxrestor and all other tiolders who have requested 

inclusion of Registrable Securities pursuant to Section 4.5(b)(ii) or Section 4.5(b)(iv). as 

applicable, pro I-crtcr on the basis of the aggregate nurnber of such securities or shares 

owned by each such person and (C) lastly. any other securities of the Compatiy that have 

been requested to be so included. subject to the terms of this Agreement; pi.ot.idci% 

I~oIL'~I'~'~, that if the Company has, prior to the Signing Date, entered into ail agreesl-rent 

?+ith respect to its securities that is ii~cousistent with the order of priority conternplated 

hereby t11en it shall apply the order of priority in such contlictiilg agreement to the extent 

that tt would othemrise result In a breach t~ndcr such agreement. 

(c) Ex~enses of Rer~stration. All Reg~stration Expenses incurred In citnnect~ol-r wrth 

any registration, qualificatiol~ or colnpliance hereunder shall be bon~e by the Company. All 

Selling Expenses ~iici~rred In cot~l~ectiol~ ~ith an3 registratrons heret~nder sl~all be borne by the 

Itctlders of the scc~iritles SO rcg~srered pro izrfir on the basts of the aggrzgatc offerrng or %ale prrcc 

of the izcurrrler io rcgrctersd. 

f d) Whenex er rcquired to cffech the rc"gt.stratton ot an) 

Regl\trabje Sceurltrcs or- fdcllrrati. ths d~itr~ilut~on of Regtcrrable Secirrrklcs pur".t"an?r to ain 

cfkctl~e Sli~lf Regritrattolt State~~~e~~t, the C'i3tni?anj 5h:ilt. a\ expezflt~ouslc, di rcaso11ri191y 

prdct~cilble. 

f 11 Prepare and I-Tic ~5 lth the SEt' a pmcpcctus srtp~tlenient or pobt-cl'fccrrl e 

air~cl~dmentrth rc~pecto a propokcd offkrrng of Rcgritrable Secitritrcs pnrtunnt to 'in 

~fIk~ti\ LI r~g~'it~;lti~l~ itiitc11lClit, .si~hjcct t~f SCC~IC~II 3.-S{dl. keep \t~li rcg~atr-atior~ 
UST Sequence Number: 885 

sratetnent effective and keep such prospectus supplei.t~ent ciinent until the securltiei 

described therein are no longer Registrable Securities. 

(ii) Prepare and tile sith the SEC such axnendinents and suppleii~ents to the 

applicable registratron stateincnt and the prospectus or prospectus supplernent used in 

connection with such registration staternent as tnay be necessary to comply with the 

1xot"sions of the Securities Act tt,ith respect to the d~sposition of all securitres coker~d by 

such registration staternent. 

(iii) Furnish to the I-tolders and any undertvrtters such nttinber of copres of the 

applicable registration statement and each such amendment and stipplemertt thereto 

(including in each case all exhibits) LIII~ of a prospectus, includitig a preliminar)~ 

prospectus, in confortnity ~tth the requiretnellts of the Securit~es Act, and such other 

documents as they inay reasonabl? request in order to facilitate the disposition of 

Registrable Securities owned or to be distributed by them. 

(iv) Use its reasonable best efforts to register and qualify the securities covered 

by such registration statement under sucli other securities or Slue Sky laws of such 

jurisdictions as shall be reasonably requested by the Holders or any managing 

underwriter(s), to keep such reglstratlo11 or qualification in effect for so long as such 

registration statement reinains in effect, atid to take any other action which inay be 

reasonably necessary to enable such seller to consuininate the dispositiotl in suc11 

jurisdictions of the securities owned by such Iiolder; pvovidcd that the Colnpany shall not 

be required in coniiectioll tliercw~th or as a coi-tditron thereto to qualify to do business or 

to file a general coilsent to service of process in any such states or jurisdictions. 

{t ) Notify each tiolder of Registrable Securities at any time when a 

prosl?ectus relating thereto 1s required to be deli\ ered under the Securities Act of the 

hti~?pening of any event as a result of which the applicable prospectus, as then in effect. 

includes an untrue statement of a inaterial fact or omits to state a inaterial fact required to 

be stated therein or necessary to make the statelnents therein not misleadtng in light of 

the circumstances then ewstilig. 

(A) \\hen any regtytratlot? itatetltcr~t fillid purslianr to Secilun 4 -(a) or 

any dlnencin~cilthereto l~ak been filed utrh the SkC f except for ar;y amcridmcnt 

effectctl by the tiling of a document ulrll the SkC ~3tirir~t3i1t to thc ktichangc Act) 

and ;-then \uch regl\rrarlitn \tatctnent ctr any p~>ht-cffcctli t' ntx~clldn~c~tt th~reto hd:, 

bt"c011-i~ cffcc'tlb e, 
UST Sequence Number: 885 

(C) of the issuarrce b~f the SEC of any stop order suspending the 

effectiveness of any registratiot~ statement or the in~tlattori of art? proceedi~igs fc3r 

that purpose; 

(D) of the receipt by the Company or ~ts legal counsel of any 

notification u 1t11 respect to the suspensio~i of the qualtfication of the appltcable 

Registrable Securities for >ale in ariy jurisdiction or the initration or threateriitlg of 

any proceeding for such purpose; 

(E) of the happening of any event that requires the Ct~mpany to make 

changes 111 any effectik e registratioi~ state~nent or the prospectus related to tlie 

registratlot1 statement in order to niake the statements thereln not tllislcading 

(\\ htch notice shall be accotnpa~lted by an ilistruction to suspend the use of the 

prospectus until the requisite changes have been ~i~ade): and 

(F) if at any tline the representations and warsanties of the C oinpany 

contained in ariy undenlrrlting agreement contemplated by Section 3.5(d)(x) cease 

to be true and correct. 

(1 ii) Use its reasonable best efforts to prevent the issuance or obtain the 

withdrawal of any order suspending the effectiveness of any registration stateinent 

referred to in Section 4.5(df(vi)(C) at the earliest practicable ttine. 

(ti) Upon the occurrence of any event contei~iplated by Section 3.5(d)(\ ) or 

4.5(d)(\ r)(E), proinl'tly prepare a post-effective aunendinetit to such registration statement 

or a supple~nento tlie related prospectus or tile any other required document so that, as 

thereafter drlikered to the f iolders and ally undentriters. the prospectus will clot eontairi 

an untnie statement of a material fact or omit to state any nlaterial fact necessarj to lilake 

tlie statemerits tilerein, tn light of the circuinstances under ~vhich they Mere made. not 

in~sleading. If tlie Co~npany notifies the Holders rn accordance with Sectioii 4.5(d)(t i)( E) 

to suspend the use of the prospectus until the requisite changes to the prospectus have 

been made. then the Holders and any under\\ r~ters shall suspend use of sucl~ prospectus 

and use their reasonable best efforts to return to the Cornpany all copies of such 

ltrospectus (at the Co~~ipany's cxpenie) other thait pennanent file copies then in such 

tlolders' or underurrters' po\iess~on. The total ni~niber ctfdaqs thar an) srtch suspetlslon 

njay hi. In cffect 111 any 12-n>ofiti1 period shall not exceed 90 days. 

f 1%) fi>e scasitnablc kcst sl-'101%s to procure the cottpera-rrttn of the C ~)~npdn> '"I 

tranbfer sget1-i In 4ertllng irny oftkr~~tg or sale of Reg~strable Secuntli-.~, nt-nzludrng \\ ~th 

rc",pcct TO the ti'~i~\ftir of ph\r 4lcal ~tock ~~'fl~tjittt~~t~ti) I?(~ok-~ntij i;m.r? in acci>rdar~ec 

it 1r11 a:ly procccIurc3 rea>vnablq requested b> the t foldrr:, or any inallagrng 

~ii dens nrcr( s). 

If an ~inderri rttten offct lng 1.1 I-CIILIC~~~~ p~ir>~t;il~t ti) SCC~IOI~ 3.3 h1( 111, 

enter 11-ito ;it1 I~~CIC~V. rtttl~g agrccr~icnt In custoii~ar~ornt. ,cope and st~bstat~cc JII~ r'iht. all 
UST Sequence Number: 885 

sucll other acttons reasonablj requested bq the I lolclers of a inajority of the Rcgtstrable 

Securtt~es beii~g sold iii connection thererclth or by the inanagtng undei-uriter(s), if any. 

to expedlte or fac~litate the undel-iairrtten d~sposition of such Registrable Securities. and in 

connection there\% ith in any undertkritten offering (tneluding making metnbers of 

inanagetnent and eliecutrves of the Co~npaily ar arlable to participate in "road shot. s", 

strnilar sales ecenrs anci other tnarketing activrttes), (A) make siich representatioils and 

\barranties to the f 4olders that arc seL1111g stockfioiders and the rnanaging un<jer.v\.rtter(sl. ~f 

any, \~ith respect to the business of the Coinpany and ~ts subsid~artes, and the Shelf 

Registration Staternent. proy?ectus and documents, if any, incorporated or deetned to be 

incorporated by reference there~n, in each case, in custoii~ary fonn, substance and scope, 

and, ~f true, confi1-111 the same ~f and when requested, (B) use its reasonable best el'forts to 

furnish the ~indertl rrtcrs 1% ~th opinlons of counsel to the Company, addressed to the 

mallaging underwrrter(s). if any, covering the ~natters customarily covered rn such 

opi~~ions reqtlested rn underwritten offerings, (C) use its reasonable best efforts to obta~n 

"cold comfort" letters from the rridcpendent certified public accoutltants of the Company 

(and, if necessary, any other trtdependent certified public accountatlts of any business 

acquired by the Corilpany for which financial statel~~ents and tjnancial data are included 

in the Shelf Registration Statement) who have certrfied the financial statements ~rlcluded 

in sitch Shelf Registration Statement, addressed to each of the mariaglt~g unden%~riter(s), ~f

any, such letters to be tn custvlnary for111 and covering matters of the type custoixarily 

covered 111 "cold coinfort" letters, (D) if an undenkrriting agreement is entered into, tlie 

saine shall contain itideinnrficat~on provisions and procedures customary in underwritten 

offerings (proc ided that the Investor shall not be obl~gated to provide any ~ndetnntty), and 

(E) deliver such documents and certrticates as inay be reasonably requested by the 

t-lolders of a major~ty of the Registrable Securities being sold in contieetion theremith, 

their counsel and the managing under&r~ter(s), ~f any. to ec idence the contitiued aaltdity 

of the repre3entatlons and \\7;trranties made pursuant to clause (1) ahot e and to cvideilce 

co~npltance with any custoinary condit~ons corrtained in the utldertzr~t~ilg areement or 

other agreement entered into by the Company. 

(xi) Make available for lnspectron by a representatit e of floldei-s that are 

selling stockholders, the inallagizlg undex~vi-iter(s). if any, and any attorneys or 

accotintants retar~leci by iuch f (olclers or inanagli1g undertz rrterf s), at the offices rn here 

norlnaIl> kept. dur~ng reasondble burttless hours. financial and other record%. pertutent 

corporate d~)eu~nent\ 311d prop~st~ek ofthe Company, and cawe rhe itfficers. director:, and 

employees of the Cornpan> to iupply all ~ni'or~natloi~ in each ca$e rea5onably reqiir\ted 

(and of the ttpc cuitomarrl> pro\ lded rn connectroil \\ ~th duc i-llirgence crrndttctcd lu 

cotlnect~on sclth 2% rcgrhtered puhlrc offcrrng of st.;tlrrtle\) by any such ri"~~reie~~tdt~\ c", 

rna11,lgllag uncfcru rttt.r($l. ,itrtin~cy or dCL'r)U??t;kilt in coi~~~cct~c~fi 11 1ti1 ~ch SclE 

Rt?gr.trratluit St,stelnenl. 

iut) Use 1-easoi1ab1c beit cfhrti; to ca~ifc 'ill SUC~ Rci;li\tr:tblc Scc~ll-ltlci to be 

ir\teJ 01.1 each nt1r1011;i1 \cc~it.~tlt'\ exchal~gr ttrl \\ 11ic.h simtlar \cc~irittes ~"r~ic~i bq thc 

C'ct1npany 'ire then llstccl or. if i-1~1 \~mrl,ir \ecnrttre\ i~succi bq tile C'i:lnpanq are the11 It\rcJ 

(in ally natroi~al \ccun;rci exchange. uic tts reasortable heit effort\ to cau%c all inch 
UST Sequence Number. 885 

Registrable Securrties to be listed on such securities exchange as tlie Int estor may 

des~gnate. 

(rlir) If requested by Llolders of a majoril?, of the Registrable Sec~~rities berng 

registered and/or sold in connection theretvith, or the managitig under~r,riter(s), tf any, 

protnptly include in a prospectus suppleinent or alnendment such infonnation as the 

liolders of a inajorrty of the Registrable Securittes being registered and/or sold In 

connection there~vith or nianaglng undenbriter(s), if any, rtlay reasonably recluest rn order 

to permit the intended nlethod of distributio~i of such secur~ties and make all required 

filings of such prospectus suppleinent or such amendtnent as soon as practicable after the 

Compaity has received such request. 

(siv) Tiinely provide to its security holders earning stateti1ents satisfying the 

prot isions of Section 1 I (a) of the Securities Act and Rule 158 thereunder. 

(e) Suspension of Sales. Upon receipt of written notice from the Company that a 

registration statement, prospectus or prospectus supplement contalns or may contain an untrue 

statelnent of a niaterial fact or otiiits or may omit to state a tnaterlal fact required to be stated 

therein or necessa~y to make the statements therein not tnisleadirig or that circut~istances exist 

that make inadv~sable use of such registration statement, prospectus or prospectus supplement, 

the Investor and each t-Iolder of Registrable Securities shall forthtqith discontinue disposition of 

Registrable Securities until the Investor and,'or Holder has received copies of a supple~nented or 

amended prospectus or prospectus supplement, or until tlie Investor and/or such Holder is 

advised in wrlting by the Company tliat the use of the prospectus and, if applicable, prospectus 

supplelnent tnay be resumed, and, if so directed by tlie Company. the lntrestor and/or such 

I loider shall deliver to the Cotiipany (at the Company's expense) all copies, other than 

perrilaneilt file copies theti in the Investor and/'or such Ifolder's possession, of the prospectus 

and, if applicable, prospectus supplemetlt covering such Registrable Securities current at the time 

of receipt of such notice. The total nuinber of days that any such suspension may be in effect tti 

any 12-n~ontli period shall not exceed 90 days. 

(i) Termination of Regtstratroti Rtghts. A tlolder's regtstratlon rrghts as ti) any 

secrirlttes held by such Iiolder (and ~ts Plffillates, partners, tiietnbers and fonner metnbers) shall 

not be ax arlabie unless such secLirltles are Registrable 5 ~~urttres. - . 

(I) \elr11~"1. the fn~eitor nor an) I fiildcr silaIl u3c an> free i\i-ltrrtg prohpt"ctrr.r 

la5 defined IM Rt11t" 305) 111 co~~t~ectli)~~ iliith tl~c $31~ of R~"g~,tral'i!~: SCCLITI~ICI thoti tit the 

prrvr t%tirtcn con\cnt of the t'ol~~pan?, 

(tt) It sh;tll be a cctncl~t~on prec~.dcnr tct the ohirgLititjnr of rht. Connpany to take 

,in> acrlot? ptlrsilailt to Sect1011 4 54~3) that ll~~estor and/or tEtr iettrng t Itililer-, ;ind the 

u~tcicrtr ntcr5. I f a111 . il~all tilt 111511 to the Company iilclm ~nfi~i>rm,irrol~ rcgardr11g 

thcn~\cl\, e\. the Regiitmblc. Sectrrtttts held hy tlicrn and tllc ~~lttilclcii IIIL"IIIOJ of 
UST Sequence Number: 885 

d~sp(>st~on of suck securittes as shall be requrred to effect the reg~stered offering of thctr 

Registrable Securrttes. 

(i) The Company agrees to indeinl~rfy each iiolder and. if a I-iolder is a 

person other than an ind~vidual, such f-(older's officers, directors, e~nployees, agents, 

represeiitatites and Affiliates, and each Person, if any, that controls a Ifolder \;\ tthiti the 

ineanxng of the Securities Act (each. an "lf?dem~itrr"). against aiiy and all losses. claims, 

damages, actions, liabilities. costs and expenses (~ncluding reasonable fees. expenses and 

disbursements of attorneys and other professionals incurred in coiitlection LLI~~ 

int est~gating. defend~ng. settl~ng, cotnprotnising or paying any such losses, ciaitiis, 

damages, actions, liabilities, costs and expenses), joint or several, ar~sing out of or based 

upon any untrue statement or alleged untrue statement of inaterial fkct contained iii any 

registration statement, i~tcluding any prelizninav prospectus or final prospectus contained 

therein or any amendinents or suppleinents thereto or any documents incolporated therein 

by reference or contained in any free writing prospectus (as such term is defined in Rule 

405) prepared by the Colnpany or authorized by it in writing for use by such tlolder (or 

any amendment or supplement thereto): or any omission to state therein a inaterial fact 

required to be stated therein or necessary to make the statelnetits therein, in light of the 

circu~nstances under which they were made, not misleading; provicjed, that the Colnpany 

shall not be llable to such Indemnitee in any such case to the extent that any such loss, 

claim, damage, liability (or action or proceeding in respect thereof) or expense arises out 

of or is based upon (A) an untrue statement or oinission made in such registration 

statement, including any such pre1irntnat-y prospectus or final prospectus contained 

therein or any such amendments or supplements thereto or contained in any fi-ee tvriting 

prospectus (as such temi is defined In Rule 405) prepared by the Company or ar~thortzed 

by it in writing for use by such ZIolder (or any amendment or suppleiment thereto). in 

reliance upon and in conf'onniry w~th inforination regarding sucli Inde~nnitee or its plan 

of distribution or o~vnerstiip interests whlcli was furnished in writing to the C'ompany by 

such Indeinnitee fbr use in connection w~th such registration statement, including any 

such prel1ii2inary prospectus or final prospectus coiltained therein or any such 

ainer~d~ncnts orsupplements thereto, or (B) offers or sales effected by or on behalf of 

such 111demnltce "by means of" (as defined in Rtrle 159A) a "free tr,rrt~llg prospectus" (as 

defined in Rule 405 f that ?$as not author17ed In ur~trng by tile Company. 

(11) If the ir~dcr~trllticat~o~i prot rded for 111 Se~tron 3 S(li)(l) ri tlrra-tlarlable to 'in 

Indct~~nitcc t\ ith rclpect tit 'in> loisc\. cl:rr~ns. damage\, actlons, Irabllrtizi. ~osts or 

cvpel-?.t.s referred to therein or I\ ~rt\ufij:'j_i~~cnt to hold the Indcrt~tzstee hannhs 3% 

corttc~~^rpiatcif tl~ert'if~, then the rl ittnpan5. 111 1:t.u of ~ndetnitriytllg %ti& Indemnitec, ii~aitl 

contrtbute to the amount pad or pa:,ablc b:, such Indemnrtee ai a rcdt of sucl? lai\ei, 

cltlrtni. darnagc.s, act~ons. I~abrl~ttc\. cci\ti or crpell.ses ~n iuch proportton as IS dpproprlate 

ro rc-flcct tilt. rclattt e fa~~lt of tile Inciemnrtce. on the one i.i;rnd. mcf the t cttt1pan.t. or1 t11t 

ctei~er hatid, rtt conr~ectrvn n 1r11 thc statcmc~~ts or oinlsslons ts hrch rcsultecl rn itich litsscir. 

cIai1171. damage\, itct~ot~s, Itabll~ticb, costs or c'ipenscs as bell any other relct;it?t 
UST Sequence Number: 885 

equitable considerations. The relative fault of the Company. 011 the one hand, and of the 

Indetnnitee, on the other hand, shall be deterlnined by reference to. arnong other factors. 

mhether the untrue staternent of a material fact or ornlssion to state a material hct relates 

to tnformllation supplied by the Colnpariy or by the Inde~nt~itee and the parties' relatit. e 

intent, knowledge, access to infom1at1os-r and opportunity to correct or prevent such 

staternent or omission; the Co~npany and each Holder agree that it would not be just and 

equitable rf contrtburion pursuailt to this Section 3.5(h)(ii) were dete~mitled by pro r~tfu 

allocation or by an1 other method of allocation that does not take account of the ey~ittable 

considerations referred to in Section 4.5(h)(i). No Indetnnitee guilty of fraudulent 

mlsrepresentatton (witllin the n~eatling of Section 1 1 (C) of the Securities Act) shall be 

entitled to contribution from the Company tf the Company 1% as not g~iilty of sue11 

fiaudulellt misrepresentation. 

(i) Assignment of Registration Rights. The rights of the Investor to registration of 

Registrable Securities pursuant to Section 3.5(b) may be assigned by the Int ebtor to a transferee 

or assignee of Registrable Securities with a liquidation preference or. in the case of the iVarrar.it. 

the liquidation preference of the underlying shares of Warrant Preferred Stock, no less than an 

ainount equal to (i) Z0"0f the initial aggregate liquidation preference of the Preferred Shares if 

such initial aggregate liquidation preference is less than $2 billion and (ii) $200 rnillion if the 

initiai aggregate liquidation preference of the Preferred Shares is equal to or greater tl~an 62 

b~llion: yrotlided hott.et.er-, the transferor shall, uithin ten days after such transfer, f~ii-nish to the 

Cornpany written notice of the name and address of such translkree or assignee and the nuinber 

and type of Registrable Securities that are being assigned. 

Cj) Clear Market. With respect to any t~ndenlritten offering of Registrable Securttres 

by the Int estor or other Iiolders pursuant to this Section 4.5. the Coinpany agrees not to effect 

(other than pursuant to such regtstration or pu1-suant to a Special Registration) any publrc sale or 

distribution, or to tile any Shelf Registration Statement iotl~er than such registration or a Spectal 

Registration) covering any prekned stock of the Coinpany or any securities conver-tible Into or 

exchangeable or exercisable for preferred srock of the Company, during the period not to exceed 

ten days prior and 60 days follotving the cffectix e date of such offering or such longer per~od up 

to 90 days as may be requested by the rnanagtng undem~rtter for such undernrttren offiring. The 

Cornpan] also agrees to cause sucll of rts directors and sentor CY~CU~IVC? officers to execute and 

delit er customail luck-ixp agrerlnents in such fon1-r and for such tt~ne perrod up to 90 da~s as

may be reqt~ested b> the gnarlagjng tttndemriter. '",liie<*rlr/ Regr\tr~irl~112" tlleans tlic rzg18tra"rron of 

(A) eqiitt) securities andlor opttons or other rrghts 111 respect thereof solely reg1rtcrt.d on !-on12 S3 or Fiml S-k (or SLICCCIYC~~ fc3n1) or (Ejj shares ctf cyulty iccurrttcs nnd'oi- options or ott~er~glrr., 

in rcipccr thercctf to b: offered to d~rectvrs. nzen7hen of managclnent, cmployce,, coi~~uItanr~, 

customet b. Ietlders or \ encfor, of tile Cosnpanq or Cort2pan> Suh\id~clr-lei, or tn ciinncctlitrs .it,ith 

J1t ~dencf rcrrti estrltcnt plans. 

tk) Rrrlc 13.1: Rule I44lZ. iVttl1 a \. ICS to maklng ar a~lablc rc:, the Int eitor and 

I Ioldcn tile bcncfiti, of certatt~ r-LI~CS atid r'cgulatlctns of tfic f EC rrc htcfl may [~ct-~~~rt tl~c ,sic of tile 

IZcg~\tl-ahle Sccusrtic\ to rllc publ~c tx Ithour rcg~itratlon. tlrt Compan~, agrees to use !ti 

reasonnblc best cffbrts to, 
UST Seauence Number: 885 

(i) make and keep p~iblic inliormatiolt available, as those terrt-is are understood 

and defined in Rule I44(c)( I) or any similar or analogous rule protnulgated under the 

Securities Act, at all times after the Stgning Elate: 

(ii) (A) file u ith the SEC, in a timely manner, all reports and other doculnetlts 

required of the Company tutder the Exchange Act, and (B) if at any t~rne the Coinpar~y is 

not required to file such reports, tnake available. upon the request of any klolder, such 

infvrmatiotl necessary to permit sales pursua~lto Rule 13314 (ittcluding the it1lbrination 

requ~red by Rule 143A(d)(4) under the Securities Act); 

(iii) so long as the Illvestor or a t-lolder owns any Registrable Securities, 

furnish to the In\ estor or such Ilolder fo~orthwith upon request: a uritten stateinent by the 

Colnpany as to its colnpliance with the reporting requiretnents of Rule 144 under the 

Securitizs Act. and of the Exchange Act; a copy of the most recent annual or quarterly 

report of the Compat~y; and such other reports and doculnents as the Investor or Holder 

t-rlay reasonably request in atatling itself of any rule or regulation of the SEC allouing it 

to sell any such securities to the public without registration; and 

(iv) take such further action as any Holder tnay reasonably request, all to the 

extent required from time to time to er~able such tlolder to sell Registrable Securities 

without registration under the Securities Act. 

(I) As used in this Section 4.5, the follo\ving terins shall have the hllowing 

respectit e meanings: 

(i) 'Woickt-" ineans the Investor and any other holder of Reg~strable 

Securitics to u born the registrat~on rights conferred by thib Agreer-rtent have been 

transferred in compliance t\ it11 Section 4.5(11) hereof. 

(it) 'Woldei-c ' Cotc~zsel" means one couilsel for the scllirlg I-iolders chosen b~ 

Ilolders holding a ~najor~tg interest in the Registrable Securities being registered. 

(111 i ''Regz~f~r," ''ri~f:~ s te~'~Ui," and "r*egi.strirfioi?" shall rekr to a regrstrat~on 

effected by prcpanng L~~~~i (XI fjltt~g arcgistrat~sli statetllcrlt or arncndt11ent thesztc~ rn 

compliance \\~th the Securrtre5 Act and appl~cable rules aid regulattons thcreundcr. and 

tlic dectaration or orJerriag ofcffccrr~ encli of such regl,tratton \tatcl-ncnt or amctadinet~t 

thcrcro or r B) f-iftrlg a f3rctspectul and til- prospectus stti~plernct~t ~n respcct clfati 

appropriate e-ffccti\c rt;gr>tmi.li>n statcn~cnt o1-r Form S-3. 

(11 J "iti>giti,zrh/c~ .%c lirr/rc>\'' means (A] At Prefci-rrcd Share\. (B) rhtl \hi ar-I-anr 

ri~b~~" to Sectton 4 5fy f) arld (C) itnj etp~ty .tcctir~tli"r liwcd or iiitliihtt: c'ilii-ectl) or 

~ndlrectly u rt-1.1 respcct to the seeuntfcs referred to in the fc>regolng clauses or i B) by 

\.t ay of colt\ cr.tlon, ekerctie or excha~~gc ti~ereof: rncltidlng the \Vilrrant Shares, or \hare 

ci~i dcnJ or illarc spltt or 113 CCtnnCctlijrl ix tth a COIII~I~;~~IOII of ~l~ii~-t"i, ~e~iipit~tfi7ati0t~ 

r~"cIa~s~~ic~t~c)~~~ i11crgcs, ;~i~lalga~t~attoi~. arranyetnel?t, con~ollctatlc>n or orhes 
UST Sequence Number: 865 

reorganization, pr.ol*ideil that, once issued, suc1-t securities will 11~1t be RegtstrabIe 

Securities \\hen (1) they are soid pursuant to an effective registration stateinent under the 

Securities Act, (2) except as provided below ill Sectiol~ 4.5(p). they may be sold pilrsuant 

to Rule 134 uirhout limitation thereunder on volume or mar~ner of sale, (3) they shall 

ha\ e ceased to be outstanding or (4) they have been sold in a private tra~lsaction in M bich 

the transferor's rights under this Agreement are not assigned to the transferee of the 

securittes. No Registrable Sec~lrities ma) he registered under Inore than one registration 

statement at any one time. 

(v) "Regi~tmtiufz EErpensrn" mean ali expenses incurred by the Company in 

effecting any registratio11 pursuant to this Agreeinerit (whether or not any registration or 

prospectus hecotnes effective or final) or othen'~~ise coinplying with its obligations under 

this Section 4.5, including all registration, filing and listing fees, printing expenses, fees 

and disbursenients of counsel for the Company, blue sky fees and expenses, expenses 

incurred in connection wtth any ""road show", the reasonable fees and disburse~nents of 

f-iolders' Counsel, and expenses of the Go~npany's independent accountants in 

connection %ith any regular or special reviews or audits incident to or required by any 

such registration, but shall not include Selling Expenses. 

(vi) "Rzrle 144", '"R~tle f &A", ""Rzile 159A", "Rule 405" and "Rule $1 5" mean, 

in each case, such rule prornulgated under the Securities Act (or any successor prov~sion), 

as the same shall be amended from time to time. 

(vii) "Sellitig Edrpe~.,zseL~'" mean all discounts, selling colnrnissions and stock 

transfer taxes applicable to the sale of Registrable Securities and fees and disburse~nents 

of counsel for any Holder (other than the fees and disbursements of Holders' Counsel 

included in Regish-ation Expenses). 

(in) At any time. any holder of Securities (~ncluding any Holder) may elect to forfeit 

its rights set forth in this Section 4.5 from that date foward: priivicied, that a frlolder forfeiting 

such rights shall nonetheless be entitled to participate under Section 4.5(b)(iv) - (vi) in any 

Pending Undemritten Offering to the same extent that such Holder \t.ould ha\Je been entirled to 

if' the holder had not witl~dracvn; and provideli. jitrther, that no such forfeiture shall terminate a 

f 1older.s rights or obligations under Section 4.5fg) wrth respect to any prior registration or 

Pending Undewritten Offering. '"Pentiii~~y Unc/er~t*ritfen Offkri~g'' means, with respect to any 

I-folder fo'orfeit~ng its rrghts ptlrsuarst to rfirs Section 4.5(m). any undemr~tten offering of 

Registrable Securities in lthrct~ such Holder has advtsed the Compat~j of rts intent to register trs 

Regrstrablc Secunt~es either pursuallt to Sectron 4 56b)f rt t or 4.5(b)f'lv) pi-rnr to the date of such 

t.lo'Irler"s forfeiture. 

. The parties hereto acknotb ledge that t'itere would be no 

adequate rei-t~edy at law tf the C'o~npany falls to perhrtn any of its obligatrons under thts Sectiorl 

4.5 and that the Invs.ttr,r and the t lulders fiom time to time ma5 be tneparably harn~ed by an?; 

such hilure- and accordtngty agree that the fnvesror and such t Ictldess, in addrtrorl ro any other 

remedy to whlch they may be entitled at tau or in equir?,. to the fullest extent pertltttted and 
UST Sequence Number: 885 

etll'itrceable uncles appltcable la% shall be entttled to compel sp~c"tic perfol-~tiance of the 

ohllgations of the Company tincier th~s Sect~on 3.5 111 accordance r\ tth the term\ and condst~oiis 

ofthis Seetion 4.5. 

(o) Yo Inconststcnt A~reemet~tc, The Coiiipany shall not, on or after the S~gnirlg 

Date, emer Into any agreement uith respect to its >ecurtties that inay tinpair the rights granted to 

tlte In\resror and the tlolders under thts Section 4.5 or that othenvtse confl~cts t.tc~tti the pro1 tslonii 

'tiereof In any inanner that may tinpair the rights granted to the Intestor and rhe Holders t~lider 

this Section 4.5. 111 the e\ent the Compar~> has, prlor to tlte Signing Dare, entered ~ntv any 

agreeinet1r with respect to ~ts sectirrttes that 1s rnconsxstent \\ it11 the rights granted to the Intestor 

and the tioldcrs uilder tl~s Section 4.5 (inciuding agreeinents that are ~nconslsterlt with the order 

of pnortty cc-ttltemplated by Sectron 4.5(b)(vi)) or that 111a4 othe~wtse contl~ct \xt ith the pro\ Isram 

Itereof, the Company shall use tts reasonable best efforts to amend such a, crreernents tc:, ensure 

they are consistent tvlth the pro\ Isions of this Section 4.5. 

(p) Certain Offerings - by the tnlestor. In the case of any seciirities held by the 

Ifit estitr that cease to be Registrable Securities solely by reason of clause (2 j in the clefinition of 

"Registrable Securities," the prov~sions of Sections 4.5(b)(ii), clauses (iv), (ix) and (x)-(sii) of 

Sect~on 4.5(d), Sectiort 4.51h) and Section 4.5Cj) shall continue to apply until such securities 

otherwise cease to be Reg~strable Securities. 117 any such case, an "undet~%r~ttetl" offenng or 

other disposition shall include any distrib~~tion ofsuch secur~ties on behalf of the Investor by one 

or rnore broker-dealers. an "undel-kvriting agreeme~it" shall include any purcl~ase agreement 

entered into hy such broker-dealers, and any "registration statement" or "prospectus" shall 

include any offering docus~teilt approved by the Company and used in connection \xt ith such 

distribution. 

(q) Registered Sales of the %:anant. The Iiolders agree to sell the Nan-ant or any 

portion thereof under the Shclf Regrstratron Statement ortly begrilnrng 30 days afer ~tottfying the 

Coriipany of any such sale, durltig tvhich 30-day period the I~tvestor and all Iiolders of the 

Warrant shall take reasonable steps to agree to revisions to tlie Warralit to pennit a public 

distr~butioli of tile l+Tacl-a~~t, includrng entering into a warrant agree~neitt and appointing ri warratit 

agent. 

4.6 Depositar~ Shares. Upoit recluest by the Int cstor at an3 t~lt-te follot~ 111g tile 

C!oirng Date, the Company shall proli~ptlq enter lnto a deposrtarq. atmngcment, purluant tcr 

c~t\to~niiilt, agrcernenti rcasondbfy idnsfitctorq to the I~tceiior and kt rth a clepft\ltary reasoi~ablj 

acceptable to tire Itlvestor. pursuant to u hlch rile I+rcferred Shares or tt-nc W'trranr: Share., ntay bc 

t-iepc~kltcd and ilepositaq ift:lrri. tach 1-eprekentrng a frartror~ 01 a Prekrred Share or Wacratlt 

Shttre, 3s appltcnhle. a, 4pt"clf;~"Ct hj the li?\ e'rtor. may be ~li~led I-rotn and dfter the e.recutton itf 

~rty \uch depohtrar3 al-rdngemci~t, st-id tl~c dcpi~it of an? r)rcferrcd ShLtrt.3 or \Varr~r~t Sh,it-cb, a3 

appl~cable. pitr,t~ttnt thereto. the depcisrtarqi 3hclrci ~sct~cci pLihsuafit thereto \hall be cft.cii-tcd 

'~Prcl-L.ired Share\", "Warriint Sfiarc\" :lnd. as ,tppllcahic, '%~cgr\tiable Sectirrtic~" hr pL1rpt)se.i cjf 

rhts A, ~~ret"lx3~11t 
UST Secruence Number: 885 

(a) Prior to the earlier of (u) the tltird at~niversarj~ of the Closing Date and (3 ) the dare 

on lvhich all of the Preferred Shares and M'arrant Shares have been redeerlled In whole or the 

litvestor ltas transferred all of the Preferred Shares and Warrant Shares to third parks which are 

not Al'tiliates of the Investor, ~leitlrei- the Co113pany nor any Company Subsidiaiy shall. alithout 

the consent of the Investor. declare or pay any dit idend or make any distributiol~ on capital stock 

ctr other equit); securities of any kind of the Cotnpany or any Cotnpany Subsidiav (other than fi) 

regular quar%er-ly cash dit idends oftlot inore than the amount of the last qua~ferly cash dividend 

per share declared or, if lower, announced to its holders of Common Stock an intention to 

declare, on the Co~nlllon Stock prior to November 17. 2008. as adjusted for any stock spltt. stock 

dividettd, reverse stock split, reclassification or silnilar transaction, (ii) dtc ldends payable solely 

rn shares of Corn~non Stock, (iii) regular dividends on shares of preferred stock in accordance 

with tlte terms thereof and which are per~nined ~itlder the terins of the Preferred Shares and the 

Warrant Shares, (iv) dividends or distributions by any tqhully-owlted Cornpany Subsidiary or (v) 

dik idends or drstributions by any Company Subsidia~y required pursuant to binding contract~tal 

agreeunents entered into prior to No\ietnber 17, 2008). 

(b) During the period beginning on the third anniversary of the Closir-tg Date and 

ending on the earlier of (i) the tenth anniversary of the Closing Date and (ii) the date on tvhich all 

of the Preferred Shares and Warrant Shares have been redeemed in wljole or the Investor has 

tra~tsfe~~ed all of the Preferred Shares and Warrant Shares to third parties uhich are not Affjlrates 

of the Investor, t-terther the Cotnpany nor any Cort~pany Subsidiary shall, \~tltouthe consent of 

the Investor. (A) pay any per share drc idend or distribution on capital stock or other equity 

securtties of any kind of the Company at a per altnurn rate that is in excess of 103O b of the 

aggregate per share dividends and distrtbutions for the irntnediately prior fiscal year (other than 

regular di\ idends on shares of preferred stock i11 accordat-tce with the terms thereof and which 

are permitted under the terins of the Preferred Shares and the Warrant Shares); pr-ovided that no 

increase in the aggregate amount of dillidends or distr~butions 011 Cot111non Stock shall be 

perinitted as a resuit of any dit idends or dtstrrbuttons paid in shares of Cot-t~mon Stock. any stock 

split or any sitntlar transaction or (B) pay aggregate dl\ idends or d~str~buttor-ts oncapital stock or 

other equity securitres of any kind of an: Cotnpany Subsidiary that is in excess of 103°x~ of the 

aggregate dtvrdends and drstributions paid for the rtnmediately prior fiscal year (other than in the 

case of this clause (B), ( 1 ) regular drvtdends on shares of preferred stock in accordance kt ~th rhe 

terms thereof and u hrch are pertnrtted under the terms of the Preferred Shares and the LVarrant 

Shares, 12) dl\ Idends or drstr~but~ons byatq tt holly-otvned Cctrnpany Sttbs~dlary, (3 1 dtk ldetlds 

or dl\trrbut~ons by d114 Cl'olnpal~y Subsrdlary rcqt~tred pur\uant to b~ltdlng cotltmcniat agrecmentr 

cntercd rnto prtor to hot crnher 17, 31108) or (4) dl\ ~dends or drsrrrbutrotts on rlet~ly t\s~~cd hares 

of c;ip~taI \to& for cash or other pr~ipcrtj 

icl Prior' to rile c;trilrcr of ix) thc rcrtth :tnnr\cr\ar>l oF"iic (1 ioilng Ddtc illid (j ) tkc" ~ltttc 

c~n in i~telt ail ofthc Preferred Sh;irc\ and LZ. arrant Share. 11d\ c been reidce111i.d in u 11~11~ orthe 

Ini c\tor ha& rra~jskrred all of the Preferred Sl-tare., dtld it'arrant Shares ttl thtrd partte:, M hteh art: 

not ,'?ll"illl:ite> of tkc 1111 csror. i~ather the Cot~~[?at~> nor 'my Companj Suhsidraq sl-ralt, -vl rthout 

tl~c consent ctf the I111 estor, i-cdeett~, ~?LITZ~;L\C tfraccj~~re .iny ailiircs cif C'ott~mon Stock or otlietc:tpital stctck 01- iftl~er c~jutt) sc~~irtttc\r of ~IIIC~ of the Col?li.tany or any C itullpatlc Subsldr~iry, 

or atn trust prcfcrrcd secur~trec issued by the. Cotnpan} or any 4ffjIlatc of the C oii~~~an~. other 
UST Sequence Number: 885 

than (i) redemptions. purchases or other acqulsttrons of the Prekrred Shares and \!arrant Sharcs. 

(11) 111 coilnectlon t\ it11 the adintntstratron of any e~nploj ee benefit pl:iti In the ordinary course of 

busr~iess and consistent \vith past practice, (111) thc acclursrt~on by the Company or an) of the 

Company Subsrdtaries of record o~vnership rn dunror Stock or Partty Stock litr the beneiictal 

~1~1iership of any other persons (other than the Cornpany or any other Cornpany Subsidlaq ), 

~nclud~ng as trustees or cusrod~ans, (I\ ) the excliange or con\ crsion of Jctn~or Stock fc>r or into 

other Juntor Stock or of Panty Stock or trust preferred securities for or into other Parity Stock 

(with the sa111e or lesser aggregate ltqu~dation amount) or Junior Stock. In each caae set fort11 tn 

this clause (ttJ), solely to the extent requ~red pursuant to btndilig contract~lal agreements entered 

tnto prior to the S~gnlng Date or a114 subseque~it agree~nerit for the accelerated exerc~se, 

settlement or exchange thereof for Coinino~i Stock (clauses (~i) and (ill), collectively, the 

"Permifred Re~~ztrch~.rre,\'7, (v) redetnptioi~s of securities held bq the Company or any M hollyot? ried Co~npany Substdiary or (vr) redetupttons. purchases or other acquisttions of cap~tal stock 

or other equity secur~ties of any kind of any Cornpati> Subsldiaq required pilrsua~~t to brniting 

coiitractual agreeinelits entered into prior to No\ errlber 17,2008. 

(d) Until suc11 time as the Investor ceases to own any Preferred Shares or Warrant 

Shares, the Company shall not repurchase any Prefewed Shares or Warrant Shares froin any 

holder thereof, whether by means ohpen inarket purchase. negotiated transaction. or othe~wise, 

other than Perrnitted Repurchases, unless it offers to repurchase a ratable portion of the Preferred 

Shares or Cliarrant Shares, as the case inay be, then held by the Investor on the same tenns and 

conditions. 

(e) During the period beginning on the tenth anni\.ersary of the Closing and ending 

on the date on \$hich a11 of the Preferred Shares and Wanant Shares have been redeemed iii 

whole or the Investor has transferred all of the Preferred Shares and Warraiit Shares to third 

par-ties which are not Affiliates ofthe In\ estor, neltlier the Company nor any Coiinpany 

Subsictlary sliall, t\ ithout the consent of the Intestor, (i) declare or pay any dit idend or tnakc any 

distributiol~ on capital stock or other equtay securities of any kind of t11c Company or any 

Compatiy Subsrdiarj~; or (ii) redeem, purchase or acquire any shares of Cotnrnon Stock or otlier 

capital stoclc or other equity securities of any kind of the Company or any Company Subsidiary. 

or any trust preferred securtttes Issued by the Cotnpatly or any Affiltate of the Company, other 

than (A) redertiptlons, purchases or other acqutstttons of tile Preferred S f?arcs and CVarrant 

Shares. f B) regular d~v~dends on shares of preferred stock in accordance in, rrh the tenns thcrcc>f 

;tnd \s\thtcI~ are pertnrtteci under thc fernis of the Preferred Sf-tares and the CVarrtint Sharcs. or (t'l 

dtvider-ids or dtstr~hut~ons byany u11r-tllq-o\;tned Company Substd~arj 

(t) ":lltr?ror 3oik * tncans Colnra~ot~ Stock aiid :In? other CIJ~S or ser~c~~f-it~ck of the 

C'ornpany the rcnns ofrti~~ci-r cupt-c%ildy pro\ tde that rr rank., junror to the Preferred Shares ;l\ to 

cftx ~~Scnci rrglifs ,tnd or :is to rlyilti ctt? Iiqi~iifatron. i31sh0flrt10n or 1% ~ndnlg tip of t11c C'o~ilpai-ry. 

"13irl-rft SfoLI; " 111eatls an) etas\ or YXI~Y of %rock of the Ct~nipany the fertns of u h~ch do not 

expremly pro1 ndc that stlclt claii or :ser~tl\ ti 111 rmk \enlor orjunror to tlic Prcfcrril.d Sliarc:, ,is to 

ilrt tdct~d rtghr, ancf ctr '1s tct rtghti, t>n Ilcltitcfatton. dls~ol~lt~ifti or it~l~ditlg UP ofthe C-~)II~~IIIIY (ln 

c:ic11 c~i\e ii ~tl-titut rcgard to ~t kether dt.c tdcnds itccnie cumtilat~i cly or no11-crtta~ul~ttrt el?) 
UST Sequence Number: 885 

4.8 Euec~~rlce Cornpensarion. tint11 such time as the Investor ceases to uttn an) debt 

or equity securtt~es of the Companq- acquired pursuant to this Agreement or the Warrant, the 

Co~npany shall take all necessary action to ensure that its Benefit Plans with respect to lts Senlor 

Executtve Officers coillply in all respects c.t ith Section 1 I 1 (b) of the EESA as llnple~nented by 

any guidance or regulation thereunder that has been issued and IS in effect as of the Closing Date. 

and shall not adopt any new Benefit Plan wtth respect to its Senior Executit e Ofiioers that does 

not colnply therewith. -*Senior Exec zctitse Officer?\'' tneans the Conlpany's "senior erecutit e 

officers" as defined in subsection 1 I 1 (b)(3) of the EkSA and regulations issued tltereurtcier. 

tncluding the rules set forth In 3 1 C.F.R. Part 30. 

4.9 Related Partt Transactiotts Until such titne as the Illvestor ceases to ot%n any 

Purchased Seeririties or \Vanant Shares. the Cotnpany and the Colnpany Subsidiaries sllalI not 

enter into transactions with Affiliates or related persons (wrthin tlte meaning of Item 304 under 

the SEC's Regulation S-K) urlless (I) such trallsactlons are on tenns no less favorable to the 

Company and the Cotnpany Subsidiaries than could be obtained froin an unaffiliated third party, 

and (ii) hat e been approved by the audit coinrnittee of the Board of Directors or comparable 

body of independent directors ofthe Cotnpany. 

4.10 Bank and Thrift tioldinr. Coinpany Status. If the Company is a Bank Iloldirlg 

Company or a Savtngs and Loan t-Iolding Company on the Signrng Date, then thc Company shall 

maintain its status as a Bank Ilolditig Company or Savings and Loan Holding Company, as the 

case may be, for as long as tlie Investor owns any Purchased Securities or \Van-ant Shares. The 

Company shall redeem all Purchased Securit~es and Warant Shares field by the Intestor prior to 

teril-iinating its status as a Bank Holding Company or Savings and Loan Holding Cotnpany, as 

applicable. "Bcrilk Ho/c/irrg C;.,nzy?crr?j " means a coinpany registered as such with the Board of 

Govenlors of the Federal Kesertle Systein (the "t.ridcl*tr/ Kcsef-vc") pursuant to 12 U.S.C. 8 1832 

and the regulattvns of the Federal Resert e pro~nulgated thereunder. ''S'irvir?gi( ~irzc/ Lciirrl N~ldirz~q 

COCIIPZ~?III'I~~'' ineans a company registered as such with the Office of Thrift Supervision pursuant to 

12 L1.S.C. 1467ta) and the regulattons of the Office of Thrift Supenis~on proiilulgateci 

thereunder. 

4. I 1 Predotninantlv F~nartclal, For as lorig as the Int estor omns any Purchaseci 

Secur~ties or Warra~tt Shares, the (T'ompan-\-. to the extent rt IS not rtself a11 ~nsured deposrtcstiy 

rnitltutron, agreci tc; rtzinalrl prdct~tn~xmtly engaged In fj!~tlnc.tal actlt rtir% A company ii 

predorn~nantlqf et~gagrd rn fir~ancral actn itli's, if the atinual gro\i rciei~ues dern CC~ b) the 

colnpany and all \ubird~aries ofthe ctlinpany (exciuciing rscenucs dented fi-crm rtxb\idra~-y 

depoi~tofl; rnsttrut-roui). or: ,i con%olrdared basts, froti1 ~r~gaging in actit ~tles til:it Lsrc linarsc1;tl in 

nature or 'ire rnrrdct~ral to 2% t;t~,irrclal ci~tit/~ry under stibseitlitn (ki of Settlc~ll 5 of'll~~ Bank 

licttdrt~g C'umpdny Act of i 956 ( 12 ti S C 1 $33(h)l r-cprebent :tr least 85 pcrccnr iif the 

ca,rr,ctlnc.iatcd annual grnii Ki cnnc~ of the cornp;tnq 
UST Sequence Number: 885 

(a) by e~tlter the lrttestor or the Company tfthe Closing shall not hale occurred by 

the 30""calcl1dar day fi-tllotving the Signing Date; providecf, I?r>~t~et~e,-. that 111 the event the 

C'iosing has not occurred by such 30'" calendar day. the parties \?ill consult irt good t'nith to 

determine whether to extend the tenn of this Ayreement. it being understood that the parties shall 

be required to consult only until the fifth day atler such 30'" calendar day and not be under atty 

obl~gation to extend the term of this illgreernent thereafter; pt-o~*idec/, fzrrther-. that the right to 

ter~mittate this Agreement under this Sectiott 5. I (a) shall 110t be atailable to any party kt hose 

breach of any representation or warrattty or fiiiture to perhnn any obligation uilder this 

Agreslnent shall have caused or resulted in the failure of the Closing to occur on or prior to such 

date; or 

(b) by either the Iit~estor or the Company in the event that any Govemineittal Entity 

shall have ~ssued an order, decree or ruling or taken any other action restraining. enjoining or 

other% ise prohibiting the transactions conteinplated by this Agreetnent and such order, decree, 

ruling or other action shall hate become final and nonappealable: or 

(c) by the mutual written consent of the Investor and the Company 

ir:, the et7ent of tenninatjon of this Agreement as provided in this Section 5.1. this Agreement 

shall hrthwith becuine void and there shall "o ito liability on the part of elther party hereto 

except that nothing herein shall relieve either party froin liability for any breach of this 

Agreement. 

5.2 Sun ival of Representations and Warranties. All covenants and agreements. other 

than those which by their terins apply in \.hole or in part after the Closing, shall tenninate as of 

the Closing. The representations and \val~anties of the Company made herein or it1 any 

certil.icates delivered in connection uith the Closing shall survive the Closing without l~mitat~on. 

5.j Amendment. No amendment of any pro\ islon of this Agree~nerltt 111 be el'fect~r c: 

unless tnade in writing and signed by an officer or a duly authorized representatit e of each party; 

proilided that the Investor may untlaterally ainend any pro? rsion of this Agreement to the extent 

requlred to co~nply \li ith any changes after the Sigrlrttg Date In applicable federal statutes. No 

falllire or delay by a113 party 111 everctsing at13 rrgltt, port er or pr~t~rlege hereu~~der shall operate 

as a t~atr cr thereof 130s shall an> sr11g1s or part~al exercise thereof preclude 8x14. other or f~ir~tler 

~"YC~CI~C of any othcr rrght. pnncr or przt ~lcgc. Tlze rights and reincdrei hcreln pro\ rdctl shalt be 

cumulattr, c 01-any rights or rctt~cit~tl., pror ~dsd b> law. 

5 4 Wali er of C~tnditiorri 1 he cctrtdttrcln~ to cach par-ty" oobtrg,itron to con.iummatt: 

thc PUPCII~SC clre for the \ole hi-"ii~fit of \ttih part? and 112;tj be u ali,eu' bg such partj 111 i\ilitfc or 

in p1-t to tllc c~tzt~f permitted by apl~licizhle Ian. hi) 1rctrtt.r \till hc C~~CCIILL" ~1n1c.i~ ~t 1s 1x1 3 

~xrrltir~g srgr~ed hq a duly authur17t.d officer of the man 1x13 part? that 111;ikei cxpres:, rcfcrcncl: to 

thc prm ls~tc~n ~ii- pro1 I%IOII~ s~ihjccto iuch itan Cr. 

- - 

3.3 'I his .%greenrent trill he 

gob erned h~ and construed in accordance ~~ith the federal latt of the G nited States if and to 
UST Sequence Number: 885 

the extent such la\+ is appticabie, and otherwise in accordance with the laws of the State of 

Kew t'ork applicable to contracts made and to be performed entirely %+ithin such State. 

Each of the parties hereto agrees fa) to submit to the exclusive jurisdiction and \enue of the 

L'nited States District Court for the District of Columbia and the United States Court of 

Federal Clainls for any and all civil actions, suits or proceedings arising out of or relating 

to this Agreement or the M1arrant or the transactions contemplated hereb) or thereby, and 

(b) that notice may be served upon (i) the Company at the address and in the manner set 

forth for notices to the Company in Section 5.6 and (ii) the Investor in accordance with 

federal law. To the extent permitted by applicable law, each of the parties hereto hereby 

unconditionally waives trial by jury in any civil legal action or proceeding relating to this 

Agreement or the IVarrant or the transactions contemplated herebj or thereby. 

5.6 Wotices. A11y notice, request. instruction or other doc~~rllent to be gi\en hereunder 

by any party to the other it ill be in wrrt~ng and sill be deemed to hate been duly git en (at r3tl the 

date of delrvery if delivered personally, or by facsilliile, upoil confinnation of receipt, or (b) on 

the second business day following the date of dispatch if delivered by a recogliized next day 

courier sei-t ice. ,411 notlces to the Co~nparly sl-iall be delivered as set forth In Scl~edi~le A. or 

pursuant to such other instruct~on as may be designated in \$riting by the Conlpany to the 

Ir~vestor. All notices to the Inbestor shall be delitered as set forth belou, or pursuant to sue11 

other instructions as ]nay be designated in \\riting by the Ir~vestor to the Company. 

If to the Investor: 

United States Departl~~er~t of the Treasury 

1500 Pennsylvania Avenue, NU', Roorn 23 12 

Washington, D.C. 20220 

Attention: Assistant General Counsel (Bank~ng and F~nance) 

Facsiunile: (202) 622- 1974 

5.7 Definitions 

(a) When a reference is rllade in this Agreetnent to a siibsidlarq of a person. the remi 

"slth\iulir;rr-1," means any corporation, pa~?nership. jo~nt ventttre. ltsmited llab111ty coinpany or other 

ent~ty (9) of ~htch such persoti or a suhsldtazy of such pel-son IS a general partrter or (y) of M hich 

it majorit! of the t i~r~ng securlttel or other otmg ~ntrrcsts. or a mqortty of the 5ecurttles or othcr 

interests oft\ flwh hat 11lg by ~IICII tetrns ord~naq t ot~rlg po~ er to clect a malji-tnty of the hoard of 

ctltrectors or persctn., pcrfonntt~g i~mtlar functtons t~th respect to s~~ch entity, 1s tiirecrl> or 

~nd~rcttlt rlt\ncJ bt s~~cfi pcriwn and or one or Iltore iub\tii~iirles thereof 

{h) The tern1 .' fbijic~f~''~ I~c;~I?c. it 1111 re\peet to dny perstjat, an! pcrwn dlrectl? or 

1t3directIy cct~~trullrng. ct~~~trvtlcd b_t or ur~der cotnmon control it ~th, ~LICII other perion. For 

purpo,cs of tht\ dctinfrron. -"c onrr-ol'" (rncludrt~g. \-.t tth cirflrclatttis meaning\, the tcrnt\ "i o~~rl.o//~~~I 

hl*" 311d "1331(/c'r i ot~?[i?tin c (~flfi.ol it if/?''} t%l~~"n usedt+ ltil respect to any pcl-\cji~. Incarts thc 

poibc\ilon, d~rect-lj or 111dl~i~tl>, of the po~er to ca~iic" the rlrrccttnn c%fn~aitagerncnt anit or 
UST Sequence PJumber: 885 

polic~es of such person, M hetrier through the ounersh~p of t oting securtties by contract or 

otheru Ise. 

(c) 711e terms '%tlort./e44e i)/ the C-or~rpul?~."' or "C'or~j?tr~?~. 'i- kt7riu/ci/gr" liiean the 

actual knotrvledge after reasonable alici due lnyurry of the "'cfli~eu~s'' (as such term is detined 111 

Rule 3b-2 under the kxchatige Act, but ercl~lding any Vice Presrdent or Secretarq.) of the 

Coi~~party. 

5.8 Asslgn~nent. Neither this Agreement nor an) riglit, re1ned4, ohlrgat~on nor 

ltabrlity arrslng hereutider or by reason hereof shall be assignable by any party hereto owthoi~the 

prtor written co~iserlt of the other party, and anj attempt to assign any right, remedy, obltgatto~i 

or 11abillty hereunder w~thout such coilsent shall be \old, except (a) an asstgnment, 111 the case of 

a merger. consol~dat~on, statutov share exchange or stmllar transaction that reyulres the ai?proval 

of the Company's stockholders (a "'Blt.sirzcv\\ Cc;rr??rttirz~ltzctr?") where such party IS not the surt wing 

entity, or a sale of substal~trally all of its assets. to the entitj which is the surt icor of such 

Bus~ness Cornbination or the purchaser 111 such sale and (b) as provided in Sections 3.5 and 3.5. 

5.9 Severability. If any prorvision of thic Agreeinent or the Warrant. or tlie application 

thereof to any person or circumstance, is determined by a court of colnpetent jurrsdiction to be 

~nvaltd, koid or une~iforceabte. the retnalnlng prot~sions hereof: or the appl~catron of such 

pror,iston to persons or circt~iiistitrlces otl~er than those as to which it has been held invahd ctr 

u~ienforceable, tvill relnarn in full force and effect and shall in no way be affected, i111paired or 

ink alidated thereby, so long as the ecoriomic or legal substa~ice of the tralisactions cotltetnpltlted 

hereby is not affected in any lnanller materially adverse to any party. Upon such determination. 

the parries shall negotiate In good fa~th in an effort to agree tipon a surtable and equitable 

substitute pro.c~sio~i to effect the origtlial intent of the parties. 

5.10 KO Third Party Beiieficiarrcs. Nothing ccrntained rri this Agreeinent, expressed or 

implied, is ~ntended to confer upon any person or entity other than the Company allit the Investor 

any benefit, r~ght or re~~~edles, except that the provisions of Section 4.5 shall inure to the benefit 

of the persons referred to in that Sectlon. 
USf Sequence Number 885 

'ABNEX A 

FORbl OF CERTIFICilTE OF DESIGNATIONS FOR PREFERRED STOCK 

[SEE ATTAACLIED] 
UST Secruence Plumber: 885 

FIXED RATE CURILILz.\TIVE PERPETIIAL PREFERRED STOCK, SERIES 1.1 

rlnsert nnr-ne r!fi.s,s,.suerl, a [co~orationlba~lk'banking association1 organized and euisting 

under the latts of the [lra~ertjuri~srlictio~t l$crganii:ationj (the "Issuer"), in accordance c\ ~th the 

provisiot~s of Sectionlsl [el of the llrzsert czpplicable statutej thereof, does hereby cel-tifj.: 

The board of d~rectors of the lssuer (the "Board of Directors") or an applicable cotIl1111ttee 

of the Board of Directors, in accordasice with the [[certificate of incorporationianicles of 

associationj and bylaws] of the issuer and appl~cable la~v, adopted the following resolutiot~ on 

1. I creating a series of 1.1 sfiares of Preferred Stock of the issuer designated as "Fixed Rate 

Cutnulatit e Pemetual Preferred Stock, Series 1. 1. 

RESOLVED, that pursuant to the provisions of the [[certificate of incorporation/articles 

of associati0111 and the bylawsJ of the Issuer and applicable law. a series of Preferred Stock, par 

value $101 per share, of the lssuer be and hereby is created, and that the designatiori and number 

of shares of such series, and the \ oting and other powers, preferences and relative, participating. 

optioiial or otlier rights, and the qualifications, lilnltations and restrictions thereof, of the shares 

of such series, are as I-i,llours: 

Past I. Desirrt~ation and Number of Shares. There is hereby created out of the a~ithorized 

and unissued shares of preferred stock of the Issuer a series of preferred stock designated as the 

"Fixed Rate Cum~ilati\ ePerpetual Preferred Stock. Series I.]" (the "Designated Preferred 

Stock"). The authori~ed nulnber of shares of Designated Preferred Stock shall be 1.1. 

Part 2. Standarif Provlsloni. The Standard Provisions contallied rn Schcdille A attached 

hereto ~tre tncorpordtcd herein hq refci-cncc tn their entiyet) and shalt be clcemcd to be a pdrt of 

rhr3 [Ccrttficate of- Dcs~gn;ttron\] to thc same extent as tf such provtstilns had bc~n let l-'()t+th 111 

fllrll herern 

Pdrt 3 Uefj~~~tlon"rhc hllo~i rng icnnb are uicd tn rhri fC'ert~ricarc of llelrgnat~otlaf 

fincfeicilng thc Sta~~cidrd Prot IS~~)IIS 111Schedule A f~ererct) ai ctefiiied hefolI. 

(a) "C'u~ni~?i~n Stock"" txtcal~s the iOH11111011 stock. par I afllt" $1.1 per \hare, of rllc 

issticr. 

(h) -'Dl\ 1dei1~1 Pzv~~lcnt Date" ntcall:, February 15. May 15, Augnrt L 5 attd \ot embci 

1 5 of each year. 
UST Sequence Number: 885 

(c) "Junior Stock" means the Common Stock, [Insert titles r.'uny e-t'isting Jecnior 

Stclck] and any other class or series of stock of the Issuer the tenns of v, hich expressly prot tde 

that it ranks junior to Designated Preferred Stock as to dividend rrghts and/or as to r~ghts on 

liqu~dation, dissolution or winding up of the Issuer. 

(d) "Licluidation Amount" means $1 1.0001 ' per share of Designated Preferred Stock. 

(e 1 "hlinrinurn Amount" tneails $[Insert Jf ainotrrr.it eyiictl to 25% ctft?te r~ggregccie 

vairie r? f tlie Designuted Preferred Stock isscrred on tlze Origitirrl Issue Date]. 

(t) "Parity Stock" meails any class or seriss of stock of the Issuer (other than 

Designated Preferred Stock) the terins of which do not expressly procrde that s~tci~ class or series 

tviil rank senior or junior to Designated Prekrred Stock as to dlvidend rights and or as to rights 

on liqu~dation, dissolution or wirlding up of the Issuer (~n each case without regard to whether 

dividends accrue cumular~t,ely or non-curnulatitely). Without l~lniting the foregoing. Parlty 

Stock shall illclude the Issuer" s [llizsert titlecs) ufecvvisting clusses or series Pari[y Stock 1. 

(g) "Signing Date" means ~lizsert date t?fuppliccrble securities pcirchuse agreement] . 

Part, 4. Cert~\ln Voting Matters. [ To be iitserted ifthe Cliarter provides.fbr voiiizg iul 

proportioti to liquidutiorzprejerences: Whether the vote or consent of the kolders of a plurality, 

tnajority or other portion of the shares of Designated Preferred Stock and any Voting Parity 

Stock lias been cast or given on any matter on ihicli the holders of shares of Designated 

Preferred Stock are entitled to vote shall be detei-inined by the Issuer by reference to the specified 

liquiciation amount of the shares voted or covered by the consent as if the Issuer were liquidated 

on the record date hr such vote or consent, if any, or, in the absence of a record date, on the dare 

fbr cr~ch vote or consent. For purposes ctf deter~l-iinii-ig the kotlng rights of tlie holders of 

Designated Preferred Stock ilr~der Sect~on 7 of the Standard Pro? tslor-is ii-tm-iing part of this 

(Certiticate of Designationsl, each lioldcr n ill be entitled to one vote for each $1,000 of 

licluidat~on pref'crenee to u hjch such holder's shares are entrtled.] I Tu be i~zserterif'the CJtizrter 

doe.s not pmr?idefor votiizg in proportioiz to liquidati[tn preferences: l I olders of shares of 

Destgnatcd Preferred Stock will be crltitled to one vote for each such sl-iare on any matter on 

1% h~cli holdcrc of Designated Preferred Stock arc entttled to tote, ~nclud~ng any action b> \\rnten 

consetit. ( 

I Jf t\\tlc"i iie,irc\ LO ~\stic" \!I~~IC\ CL 1113 highi'~ doI1,ir ,iiilatint I~ijuitl~itrtin prc"trrr~i~c Ii~luiiJ~it~Itrl pic.fi'r;~-r~c 

icier enics 111 be ~l~oci~tjcd iii~t)rrli~~g/> Ill sti~ii Crt\e in ,iccittiicin~c \t ith \ecizon 4 6 (ti the izciit ities 

I%ti~t,l;,i\i. "\rci.c.mci~t r, tile 1,v:er ti 111 hc lclcjcillccl to mlei iiil~ ,i ciepo\rl .",~i'clyi,"fi: 
UST Sequence aumber: 885 

IN WITKESS M'I-IEREOF, [Insert nunze crf'1swet.l has caused this [Certlticate of 

Desrgnariortsl to be signed bj [el, ~ts Ie 1. this [el daq of 1.1. 

By: 

Name: 

Title: 
UST Sequence Number: 885 

Schedule -t 

Section 1. General Matters. Each share of Designated Preferred Stock shall be identtcal 

in all respects to eilefq' othcr share of Desrgnated Preferred Stock. The Desigliated Prekrred 

Stock shall be perpetual, s~tbjecto the provisiolls of Sect~on 5 of these Standard Protrisions that 

.for111 a part of the Certificate of Des~gnations. The Designated Preferred Stock shall rank equally 

ivith Parity Stock and shall rank senior to Junior Stock x+ith respect to the paynient of di? idends 

and the distribution of assets In tlle event of any dissolut~ol~. liquiilatton or ctind~ng up of the 

Issuer. 

Section 2. Standard Definitions, As t~sed herein u ith respect to Designated Preferred 

Stock: 

(a) "Applicable Dividend Rate" means (i) during the period from the Original Issue 

Date to, but excluding, the first day of the first Dividend Period commencing on or after the ijfth 

anni\lersary of the Original Issue Date, 596 per annum and (ii) iirotn and after the first day ofthe 

iirst Dividend Period commencing on or after the fifth anni\ ersary of the Original Issue Date, 

9O.o per annum. 

(b) "Aopropriate Federal Banking Aeeticv" means the "appropriate Federal banking 

agency" 1% ith respect to the Issuer as defiried in Section 3(q) of tlie Federal Deposit Insurance 

Act (12 U.S.C. Section 1 X 13(q)), or any successor proiision. 

(c) "Business Coinbir~atio~i" means a lnerger, consolidation, statutory share 

excl~ange or s~ri~ilar tr~nsaction that requires tlie appro? a1 of the 1ss~ler"s stockholders. 

(d) "Business Day" nieans any day except Saturday, Sunday and any day on nhich 

banking institutions in the Srate of New York generally are autliorized or required by law or 

other go? erntnental actiotis to close. 

fc) t~ieans the bylalxs of the Issuer, as tlicy inay be amended from t~me to 

t111lC. 

. . 

113, the mealilng ket fc,rth In Scet:on 3ia) 
UST Sequence Number: 885 

(k) "Ori~inal Issue Date" means the date on -A hrch shares of Debignated Preferred 

Stock are first issued. 

(1) "Preferred Director" has the meaning set hrth in Section 7(b). 

(~nt "Preferred Stock" rneails an: and a11 series of preferred stock of the Issuer. 

tncluding the Designated Prefemed Stock. 

(11) "Qualified E~tiitv Offitring" means the sale and Issuance for cash by the Issuer to 

persons other than the Issuer or any of its subsidiaries a"rer the Original Issue Date of sllares of 

perpctt"ml Preferred Stock, Common Stock or any colllbinatlon of stich stock, that, In each case, 

yuallfy as aid may be included in Tier 1 capital of the Issuer at the time of ~ssuancc under the 

applicable risk-based capital gu~delines of the Iss~ter's Appropriate Federal Banking Agency 

(other than any such sales and issuances made pursuant to agreements or arrangements entered 

into, or pursuant to iinancing plans which were publicly announced, on or prior to November 17, 

2008). 

(o) "Standard Provisions" inean tliese Standard Pro\~isio~is that forin a part of the 

Certificate of Designations relating to the Designated Preferred Stock. 

(p) "Successor Preferred Stock" has the ineaning set fo1211 in Section 5(a). 

(q) "Voting Parity Stock" means, u it11 regard to any matter as to which the holders of 

Des~gnated Preferred Stock are entitled to vote as specified in Sectlons '(a) and 7(b) of these 

Standard Provisions that -forin a part of the Certificate of Designations, any and all series of 

Parrty Stock upon which like voting rights have been conferred and are cverclsable wit11 respect 

to such ilzatter. 

Section 3. Dividet-tds 

(a) Rate. Holders of Deslgl-tated Preferred Stock shall be eritrtied to receive, on each 

share of Designated Prefei-red Stock if. as and when declared by tlie Board of D~rectors or any 

du13 atrthon~ed colntnrttee of the Board of D~rccturs, but only out of assets legally a\,ailablc 

tlzerehr. c~i~i-tulat~c e cash dttrldcnds u it11 respect to each Dik~dencf Perrod (as defined belon .v) at n 

rate per annlitln equal to the z4pplrcabie DI~ ~dend Rate on (1) the Lrquiclat~irn Ail~ount per $hare of 

Dcsrgt~atcd Preferred Stock anti (I!) the dinorlrlt of accrtted and utlpatd tin tdendi; ~OI* any prior 

Dtc tdend Period on such share of Des~gn~rtcd Preferred Stock, if any. Such dl\ tdends shckll bcpn 

tit accrtie and bi: cut~inlat~tc ~~C)ITI the Origtnal Isstle Dare, shall coi~~pound oneach \ribicc~ucnt 

Dlt Idend Pdyzncnr Dare (( L). no dl! ~ctcr~d, sh~ifl acct-uc on other dlvjrSerlcts ttrllesi ;ind tlllrtl the 

fkst Uic lciend Payincnt Date for \uch other dlr, rdcnds has passerl it ~thiftit IL~C~ other JI\ ~dci~d"r 

I~ai li~g been p;d 011 ~ch ddte) and shall be payable quarterly in an-ears on cach Drt tifend 

Pay~ncnt Datc. C~~~IIIII~I-~CI~~ tivrth the first iuch Drvldend Payment Datc to occtir at least 20 

catci~dar days 'irl-ier the Orig1r1~11 IS'IUC Date. In rl-te ccent that any Dl\ ~dend Pa) lne~it Datc litotild 

~thcr\v~he Eilf trn a day chat rs nor a Brisrricis Da!, tltc cfir rticnil piryrncnt due on that ci'ite tt rii bc 

pttttponed to tfic i~stit day "chat I\ a Busrmess Day and no aciditrcrlial dl\ ldcnds 11111I accrue 3s 't 

result of tllat ptrstpilncrnerlt Tl~c period frot1-t dtld ~ttcl~ldlf-tg ally DI\ idel~d Pill ~nent Datc to, btit 

c.)icludri~g. the ricut Dtx~rdel~d P;iyment Date IS a '"Dtv~dcnci Period"', prcn rded that rllc ttllrlai 
US7 Sequence Number: 885 

Drr idend Period shall be the period from and including thc Original Issue Date to, but exctudi~lg, 

the next Di.tideiid Payinent Date. 

DIX idends that are payable on Designated Prefersed Stock in respect of any D~\.ide~ld 

Period shall be cotnputed on the basis of a 360-day year coilsisting of tivei~.e 30-day ~nonths, The 

aatount of dividends payable on Designated Prefewed Stock on any date prior to the end of a 

Dicidend Period, and for the initral Dividerrd Period, shall be eornputed on the basls of a 360-daj 

year consisting of tttelve 30-day months, and actual days elapsed oter a 30-day month. 

Divtdends that are payable on Desrgnated Preferred Stock on any Dividend Payment Date 

\\ill be payable to holders of record of Destgnated Preferred Stock as they appear on the stock 

register of the Issuer on the applicable record date, which shall be the 15th calendar day 

iinlnediately preceding such Dividend Payment Date or such other record date fixed by the 

Board of Directors or any duly authorized colntnittee of the Board of Directors that is not more 

than 60 nor less than 10 days prior to such D~vidend Payinent Date (each, a "Dividend Record w'). Any such day that is a Dicidend Record Date shall be a Dividend Record Date hether 

or not such day is a Business Day. 

Holders of Designated Preferred Stock shall not be entitled to any dix idends. whether 

payable in cash. securities or other property, other than dividends (if any) declared and payable 

on Designated Prefei-red Stock as specified in this Section 3 (subject to the other provisions of 

the Certificate of Desigl~ations). 

(b) Priority of Dt\+km.is. So long as any share of Designated Preferred Stock 

reillarns outstanding, no drvldend or distribut~on shall be declared or paid on the Common Stock 

or any other shares of.lunior Stock (other than dicidends payable solely in sl~ares of Common 

Stock) or Parity Stock, subject to the rmrnediately following paragraloh 111 the case of Parity 

Stock, and no Cotnunotl Stock. Junior Stock or Parrty Stock shall be, dtrectiy or indrrectly, 

purchased. redeeined or otherwise acquired for consideration by the Issuer or any of its 

subsidrarics utlless all accrued and unpald dit ldends for all past Dt\ jdend Perrods, rncl~~dlng the 

latest completed Dir idend Perrod (~ncludtng. if applicable as proc ided in Sectlon 3(a) abok e, 

dl\ Idends on such amount). on all ontstand~ng sl~ares of Designated Preferred Stock hake been or 

are contemporaneousl~ declared and pad tn full (or have been declared and a cu~n sufticlent fo1- 

the payment thcreuf has been set aside for the benefit- of the holders of\l.tares t.tf De%rgnatcct 

Prekrcd Stock irn the appl~rable record date). The litregorng I~m~tatton shall not appl? to (1) 

rt.clc~i~~ttii"t~i. p~scl~d\c, or0t11er acqitis~t~<)ils ~f shares of C olnlnorl Stock or otltcr Jt~nior f tock 11-1 

con~~ectrttt~ ~1 trll the adtnz~ilitrat~on of .~nt enlp'lrtyee benefit plan In tl~e ordrrlarc courie of 

bualne\s and cotlslrtcnk pait pract~ce; ji~j t11c ~~~LIIXI~IC~~ Iiy the ICtat~cr or JIIY ~tf IT\ 

isubsldramer of record ctt\nersl~tp in Jurtrl,r Stock or Parrry Stock hr the beneficial orxncrchll? of 

.uy othcs pcr1~)11\ (O~~ICT than the Isiudr or ;in) of tti \uhstd~arresf. IIICILI~III~ ci",ri~\tc~s or 

custctdrd.it?~; and (I~I f the e.icha~-rge ctr cont criron of JUIIIOT Stock for or tnto other .jttnrt)r SIOC~ r>r 

of Parlt3 Stock fix irr rnto irrhcr P:trtt> Stock (t~ I~II tile %anlc or lesser aggregate liijrtldat~on 

atnitilnr) or Juntor Stuck, in each caie. \t,lef>l tci the ex"renr rcqutrcd piirilllatlr to btndltlg 

c~jr~tlxct~ial ;grce~nei~t\ 211tercd ~ntc:, pi~cts to thc S~gnit~g Date or any Ctttb.iequent agrseltletlt fits 

r11e htcccleratcid ~'\icrcrie, ilettlcment or c\;chdlige thereof fc>1- C'OIIII~ICIII Stock, 
UST Sequence Number: 885 

When di\jidelids are not paid (or dectared atid a stltn sufficient for paymcnt thereof sct 

aside for the benefit of the holders thereof oli the appIicable record date) 01% any Dtvldend 

Payment Date (or. in rl-re case of Parity Stock llavrtig dl\ ldcnd payment dates different from the 

Dit idend Pa~ment Dates. on a dilridend paqlnent date fa1 ttng tt ~thm aDie iderid Perwd relatec? to 

such D~vldend Payment Date) in tiill upon I>es~gnated Preklred Stock and any shares of Parity 

Stock, all drvrdends declal-ed on Deslgnated Preferred Stock and all such Parrty Stock and 

payable on such Dlt idend Payinent Date (or, in the case of Parlty Stock hav~ng drv~dcnd 

paq'nult dates different i.'ro~n the D~tidend Pay~nent Dates, on a dl\ idend payllient date fall~ny 

\tithin the Dividend Period related to such Dividend Paqment Date) shall be dcclaredpro r~ita so 

that the respective ainounrs of such di~ridends declared shall bear the satlie ratio to each other as 

all accrued and utlpa~d dividends per share on the shares of Designated Preferred Stock 

(~ncludtng, if applicable as provided In Section 3(a) aboce, dlvidetids on such amount) and all 

Parity Stock payable on such Dividend Payment Date (or, in the case of Panty Stock hactng 

dividend payineiit dates different froin the Dividend Payinent Dates, on a dl\ idend paylnent date 

fallilig within the Dillidend Period related to such Dividend Payrnent Date) (subject to their 

haking been declared by the Board of Directors or a duly authorized cointnittee of the Board of 

Directors out of legally at~ailable funds and incI~lditlg, In the case of Parity Stock that bears 

cumulati-, e dil idends, all accrued but unpaid dividends) bear to each other. If the Board of 

Directors or a duly authorized coinmittee of the Board of Directors determines not to pay any 

di-, idend or a full dividend on a Div~dend Payrnerlt Date. the Issuer will prot ide written noticc to 

the holders of Designated Preferred Stock prior to such Dividend Payment Date. 

Subject to the foregoing, and not othent ise, such dividends (payable in cash, securities or 

other property) as inay be determined by the Board of Directors or any duly authorized 

coliimittee of the Board of Directors ]nay be declared and paid on ally securities, iricluding 

Cornmoil Stock and other Juliior Stock, from time to time out of any funds legally available for 

such payment, and holders of Designated Preferred Stock shall not be entitled to participate in 

a173 SLIC~ ciividends. 

Section 4. Liquidation Rights. 

(a) Voluntar\i or Incoluntarv Lisu~dat~on. In the event of ally l~qurdation, dissolution 

rtr tvrndtrlg rip of the afFitrs of the Isbuer, \$.teeter toluntarq. or involuntary, holders of 

Deslgnated t3refierrad Stock shall be e~ititled to receive for each share of Des~gttatcd Preferred 

Stock, out of the assets of the Issuer or proceeds thereof (tr iwther caprtal or sutplus) acrdilable li,r 

ci~\tnbutton to stoclcholdcri of the Issuer. subject to the rtgltt~ of any creditors of the Issuer, 

hefore an) d~itrrbuttrtn ttf 3~t.h assets or- proceeds ri mc~dt.tlt or set akrde tbr thc holders of 

Common Stock and my orhcr --,tack irf tt~c f\iucr ritnktng jtinrur to Dcs~gnated Prekned Stock 2% 

to \ucb d~strrbueion. pa! incnt rn f~ill ln an antotirtt eclual to the ~UIX iifi~) the Llqu~datritn Arnctu~~t 

per -tilare ai1d (11) the dllTti)unt of anj accrued and ur~patd d1.i ~der~ds (~ncludr~~g, tf appl~cahlc as 

provtdcd in Sect1011 S(af abol e, dl\ Idend:, on sucl~ atnountl. tr hcther or not declared. to the date 

of jxq 1nent (stich arntlunts colfect~\ ely. the "E,~quict;ittott Preference"'). 

(ht Plzrttlil Pavmcl~r. If ril any dl\trrbur,on dcicnhecl in Scctron 3ln) aboie the ai3r.t.l 

of the Issuer or procct"ds tlicreof are 110t sufficteiit to pat In full the arnotrnts pajabic I$ rtl~ rebpcct 

to all otttstandrng ch:ircs ctf Deslgnatcd Preferred Stock and the cone\pondri~g amount5 payable 

u 1t1t rclpzct of an> other $lock of rh~ I~\ucriinfctr~g e~j~~all?; i\ rrhDth~gn;zti.ci f)rc-llrred Stock ai 
UST Sequence Number: 885 

to such distribution. holders of Designated Prefewed Stock and the holders of such other stock 

shall share ratably in any such distrlbutron in proportion to the full respectice distrtbutions to 

which they are entitled. 

f e) Residual Distributions. If the Liquidation Prelier-ence has been paid in full to all 

holders of Designated Prefened Stock and the correspondi~tg amou~lts payable with respect of 

any other stock of the Issuer ranking equally with Designated Prefened Stock as to such 

distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to 

receive all remaining assets of the Issuer (or proceeds thereof') according to their respective rights 

and preferences. 

(d) Merner, Consolidation and Sale of Assets Not Liquidation. For purposes of this 

Section 4, the merger or consolidatio~~ of the Issuer with any other corporation or other entity, 

including a merger or consolidation in which the holders of Designated Preferred Stock receive 

cash, securities or other property Sbr their shares, or the sale, lease or exchange (for cash. 

securities or other propem) of at1 or substantially all of the assets of the Issuer, shall not 

constitute a liquidation, dissolution or winditlg up of the Issuer. 

Section 5. Redemption. 

(a) Optional Redem~tion. Except as provided below, the Designated Preferred Stock 

may not be redeemed prior to the first Dividend Payment Date falling on or after the third 

ant~iversary of the Original Issue Date. On or after the first Dividend Payment Date falling on or 

after the third annixfersary ofthe Original Issue Date, the Issuer, at its option, subject to the 

approval of the Appropriate Federal Banking Agency, lnay redeem, in ~vhole or in part. at any 

time and from time to time, out of funds legally available therefor, the shares of Designated 

Preferred Stock at the time outstat~ding, upon notice gix en as prot ided in Section 5(c~ below, at a 

redeinption price equal to the sum of (I) the Liquidation Afnount per share and (ii) except as 

otherwise provided below, any accrued and unpaid dlvideilds (including, if applicable as 

provided in Sectioril3(a) aboke, dividends on such amount) (regardless of tlihether any dixridertds 

are actualiy declared) to, but excluding, the date fixed for redemption. 

Nottvithstanding the -foregoing, prior to the first Dg-rpidei~d Paytnent Date fallir~g on or 

after the third annicersarj. of the Origlnaf Issue Date. the Issuer, at its option, subject to the 

approvat of the Appmprtate Federal Banlilnp Agency, may redeem, in whole or tn part. at any 

trrne and from trine to tlmc. the shares of Designated Fr-efei~ed Srock at the time outstandrng, 

upon nutsce gl-tsn as protrtdsd in Section 5(c) below, at a redeinptron prlce equal to the sum ofir) 

the Liyuidat-ron Alnount per share and (ar) except as other\\ tse provided below, any accrued and 

unpard d~cidends I~iletudn.rg. rf rtppiticctbfs as provided 1n Section 3(a) aboi e, dtvldends om such 

at?-ttiunr) (regardless of whether any drvrdends are actually declared) to. but excluding, the date 

fixed fir redernpttot~: pn-or9ideu'that (x) the Ibsuer (or an) successor by Bustness Curnb~r~at~o~l] 

has received aggregate gross proceeds of not less than the hliinimum Amount (plus the 

""Mintmum Amouttr-'" as defined in the relevant ccrtlficate of designatrcrns for each other 

cutstanding series of l~rsferrcd stock of sircI~ successor that t-tas urigrnally tssued to the Urxcecl 

States Deparrtnent of the Treasury (the 'Successor Preferred Stuck") rn cctnnectioi~ with the 

Trouued .4sser Rellel' Prvgrarn Capital Purchase Program) from one or more Qualified Equ~ty 

Offer~ng:, (r~~cfttdang Qtlalrf{tied Equity Offerings of such SUCC~SSOI-1- and f) 1 the aggregate 
UST Sequence Number: 885 

redemption price ofthe Designated Prekwed Stock (and any Successor Preferred Stock) 

reiteen~ed pursuant to thrs paragraph mat not exceed tke aggregate net cash proce~'ds receit ed by 

the Ibsuer (or any successor by Business Combination) from such Qualified Equtty Offerings 

(including Qt~aIified Equity OfTerings of such successor). 

The redemption price for any shares of Deszgnated Prefewed Stock s11alJ be patable on 

the redemption date to the holder of such share:, against surrender of the cerl~ticate(s) evidenclt~g 

sttch shares to the Issuer or its agent. Any declared but urlpaid dikidends payable on a 

redeinption date that occ~~rs subsequent to the Dlt idend Record Date for a I3i.c idend Perlod sllall 

not be paid to the holder entitled to recelt e the redemption price on the redtlnption date, but 

rather shall be paid to the holder of record of the redeemed shares on such Dit tdend Record Date 

relating to tlie Dividend Payment Date as prot ided in Section 3 above. 

(b) No Sinking Fund. The Designated Preferred Stock b\111 not be subject to any 

mandatory redemption, sinking fund or other siinllar pro! Islons. f iolders of Designated Preferred 

Stock u ill harle 110 right to require redemption or repurchase of any shares of Designated 

Prefeired Stock. 

(c) Notice of Redem~tion. Notice of every redemption of shares of Designated 

Preferred Stock shall be given by first class marl, postage prepaid, addressed to the holders of 

record of t11e shares to be redeemed at thetr respective last addresses appearing on the books of 

the Issuer. Such mailing shall be at least 30 days arid not niore than 60 days before the date fixed 

for redemptiott. Any notice inailed as provided in this Subsection shall be conclusively presumed 

to have been duly given. hether or not the holder rezeikes such notice, but Falure duly to git e 

such notice by mail, or any defect in such notice or in the inailing thereof, to any holder of shares 

of Designated Prefen-ed Stock designated tbr redeinptiori sliall not affect the validity of tlte 

proceedings for the redel~lption of any other shares of Designated Preferred Stock. 

Wot\xittlistanding the foregoing. if shares of Desrgnated Preferred Stock are tssued in book-entry 

foi~n through The Depository Trust Co~npany or any other si~nilar facility, notice of redetl~i?t~on 

inay be giien to the hc>lders of Designated Preferred Stock at such t~rne and in any manner 

pmmitted by such facility. Each notice ofredelnption given to a holder shall state: (I ) the 

redeinption date; (2) the number of shares of Designated Preferred Stock to be redeemed and, tE 

icss than all the sfiares held by such Ilctlder are to he rcdeet~lcd, the nutnbcr of such shares to he 

redeemed froin such holcfer; (3) the rcdemptlon pr~ce; and (4) the place or piacci M here 

ccarficates for such shares arc to be surl-ilndered for paln~ent oftl-rc rederi~pclon prrcc. 

(dl 111 case of any redcmpt~on of part of the 4illares of Dc\tgnltrtd 

Pi-cferrecf Stc;ltk ~tt the tr~ne ourscir~dni~g, t/~c ~harei to be relfeclnect chal1 be \ciccted erthcrpl-0 

I-iitta or rn %uch other manner AS thc Br,ard of Dtrectrirb or 3 i1ttIy ~L~~IIOSI~CII c~tintnitte~ thcreof 

InLay CIet~rlntllc to hc fii~r and cq~t~idble. SU~~CCF to the pro\ tsrom hereof. ti12 Board of Drrccrt?rb 

or a id1114 :zuti~or~zectutilmrrtet: thet cof chdll ha\ c: full po~ er anit authortty to prcscnbc thc tcrms 

:ind condltioni upctn M hlch &arcs of Derrgn3tt.d Prekrrcd Stock 41~111 bc rcdcciiied frot11 tzlnc to 

ttn;c. If kticr tl?,in 'ill thc sl~arec repre\ct1tc~3 b> any ccfitlilcatc art' rcdcen~ed. ,I ~~lrir, cert~fi~~it~" 

.~i~,ilf bc IS-UC~ rcprcitntti~g the unrlrdecmcci! ~11:trc"s 1% 1tl2otlt charge to tllc hofiizr tilcrcof. 

(c) 1: ffcctr t ei~g>k . Ifnottce of rt'demi?ttrti~ has hccn dill> giirci~ and ~f 

~;ln or bch~rc the rcdcil-rptrt~n date \pectf-it"d tn the i,OElct: all f~intls neccisirry "ior tlac rcJei?~~?~~o~; 
UST Sequence Number: 885 

hate been deposrted by the Issuer. rn trt~st for the pro rut~r benefit of the holders crf the shares 

called tbr redemption, t+ith ti bank or trust cotnpangi doing business in the Bornugh of 

hlanhatran, Tile City of New York, and having a capital and suplus ofat least $501) lnillion and 

selected by the Board of D~rectors, so as to be and continue to be avarlable solely therefor. then, 

notttithstanding that any ceflif'icate for any share so called for redemption has not been 

sunendered for cancellation, 011 and after the redemptiol~ date divrdends shall cease to accrue on 

all sltarcs so called for redernption, all shares so called for recfemption shall no longer be deeined 

outstatlding and all rights ~5 ~th respect to such shares shall forthwith on such redemption date 

cease and terminate, except only the right of the holders thereof to receite the arnourtt payable on 

such redemptton fi-orn such bank or trust company. uithout interest. Any funds unclai~ned at the 

end of thee years li-oin the redetnption date shall, to the extent permitted by !at\. be released to 

the Issuer, after ct hich time the holders of the shares so called for redernption shall look only to 

the Issuer for payment of the redernptiorl price of such shares. 

(t) Status of Redeemed Shares. Shares of Designated Preferred Stock that are 

redeemed, rep~~rchased orotherbvise acquired by the Issuer shall revert to authorized but unissued 

shares of Preferred Stock @t-r;r~~ideu'that any such cancelled shares of Designated Preferred Stock 

111ay be reissued only as shares of any series of Preferred Stock other than Designated Prefei-red 

Stock). 

Section 6. Conversion. i-lolders of Designated Preferred Stock shares shall have no right 

to exchange or convert such shares into any other securities. 

Section 7. Voting Rights. 

(a) General. The holders of Designated Preferred Stock shall not have any voting 

rights except as set fbrth below or as otl-tenvise from titne to time required by law. 

(b) Preferred Stock D~rectors. Whenever. at any time or trines, divrdcnds payable on 

the shares of Desigl~ated Preferred Stock hate not been paid for an aggregate of sru quarterly 

Dit idend Periods or more, whether or not consecutn e, the authori~ed nutnber of drrectors of the 

Issuer shall autolnattcally be increased by two and the holders of the Designated Preferred Srock 

shall hake the r~ght, \tith hoiden of shares of any one or 111ore other classes or senes of Votirlg 

Panty Stock outcta~td~ng at the timi", kotlng together as a class, to elect two drrectors (ltererr~after 

tiac "Prefc~~ed Direcrcrrs " and caclt a "Prefcrrcd Director ") to fill such nelt ly created 

J~rcctorshtpb at the Issuer's i~ext dniitirrf tneeting of itockholders (or at a \pec~al ~nsetrng cdllcd 

fix that puspose pnor to iuih rrcrt al-rnual meettrlg) and at each iubsequent anlltial mectrng of 

%rockltoldars hntzl ali acct-trsd dnd ut~pnrci dittdci~il:, fisr a11 past Dgt rdetld Perrodi, iricluci~rtg ri-lc 

lateita completed Dl\l~ctcnd Per~od iinclud~r~g. ~f app't~cahle as pro\ ldcd rn Sectrots 3ja) abate, 

aJ~r ~dcniiis on stich di110t111tf. 011 all itutitaridrl-ig \flitre\ of Deirgr~iltcd Prckrrcd Stoek hake hct"~: 

declnred and pard in full at lit h~eh t~ini: \uch rrghr shall rertnrnatc lir ~th respect to the Dr)\~gl?dt~d 

Prcfcrrccf Stock. ekcept as ilarern ctr by lil% cxpressly pro\ ided, hubject ro rc\ e\:tt~g in the ilt en[ 

of tach and cr cq \tibst'qtii"~~t (3cf:itilt of rhe characres abme jnentlotied: pro\ ~lf~w'rhat rt sbztll be 

a ql~altficdtrt.rtz for clectrorl fix ~zri) Prelirrcct D~rectorltat the elcctrt,tl itf%nch t3rcferrcd D~ret'tur 

\hall not: tauht" the Issuer ti, a tolate any corporate goxcrnance reqii~remcitts of anj .iccur~tti"r 

eucllange or other ti-aclii~g fac111~ CHI \?vhtch securrtres of the Iiti~~er 1n;i) then bc ft\tccI or traded 

taxit tt\tt"d or traclcd co~~syat~rcs t~t~ibt hat c :I t~iajortt ctf ~tldepcndent cl~reeton. t:poa: ~iny 
UST Sequence Number: 885 

tei-tniliation of the rtght of the liolders of sltares of Dcslgnated Prefewed Stock and Voting Parrty 

Stock as a class to vote for directors as pro\ ided above. the Prefer-red Directors el-tall cease to be 

qualified as directors, the term of office of all Prefewed Illrectors then in office shall terminate 

ii~imediately and the authori~ed number of directors shall be reduced by the nuinber of Prekncd 

Directors elected pursuant liereto. Any Prefei~ed Dir-ector inay be rernot ed at an> tirne, with or 

without cause, and any vacancy created thereby may be filled, on15 by the affinnatibe vote of rhe 

holders a majl~ctrity of tlie shares of Designated Preferred Stock at the time outstanditig \ ottng 

separately as a class tosether with the liolders of shares of Voting Parit) Stock, to the extent the 

t oting rights of such holders descr~bed above are then exercisable. If the oftlce of any Preferred 

Director becollies -Lacant for any reasctrl other than rernotal from office as aforcsatd, tile 

re~~lalning Preferred Director may choose a successor M ho shall hold office litr the unexpired 

term in respect of \\ hich sucl-1 vacancy occurred. 

(c) Class Voting Rights as to Particular Matters. So long as any shares of Des~gnated 

Preferred Stock are outstanding. in addttion to any other tote or consent of stockholders required 

by law or by the Charter, the ~ote orconsent of tile liolders of at least 66 2/3O0 of tlie shares of 

Designated Preferred Stock at the tiine outstandrng, voting as a separate class, given in person or 

by proxy. either in writing without a meeting or by vote at any lneeting called for the purpose. 

shall be neces5al-y for effecting or validat~ng: 

(i) Xuthorizatio~i of Senior Stock. Any ainer~d~nent or alteration of the 

Certificate of Desrgnat~ons for the Designated Prefelred Stock or the Charter to authori~e 

or create or increase the authorized aiiiount of, or any issuance of, ariy shares of, or atiy 

securities convertible into or exchangeable or exercisable for shares of, any class or series 

of capital stock of the Issuer ranking senior to Designated Prefersed Stock \s'ith respect to 

elther or both the payment of dividends and, or tlie d~stributiol~ ofassets on atiy 

liquidation. dissolution or cvinding up of the Issuer: 

(~i) ilmeiidiner~t of Designated Preferred Stock. Any aiiiendincnt, alteration 

or repeal of any pro\ ision of the Certificate of Destgnations for the Destgnated Preferred 

Stock or the Charter (includii~g, unless no vote on such merger or consolrdatton is 

req~r~rcd bySection 7(cf(iii) belotv, any ai~iendment. alteration or repeal by means of a 

~iierger. eonsolldatto~~ or otherwise) so as to ad~ersefy affect the sights, preferences, 

pnk ileges or \ ot~ng yuuers of the Designated Prefened Stock; or 

(1111 . 4114' 

coi~sulnmat~otl of a h~ndtng ,hare exchdnge or rccfdss~licar~on irla oltang tile Destgn;tttd 

Prefc~=rcd Stock. of- of a mcr-gcr or cctasoi"rdarion dthe i\ruer t.i ~th ;inotller ccirporatrol? or 

othcr ctltrry. unlew In each caie (xi rile shares of De\rgnated Preferred Stoch rcntatn 

uursl~t~dlrtg or. rn the i33e of itti! iilc11 tt~~rger or coti%~ltliat~i)~~ lif. rrl: rcrpccr to rt hlch rile 

Issucr 1s not the \ur\ tvmg or re~~ltlllg cntrty. ate contiefled rnto cjr euckat~gcd for 

prcferertce secLirtrtet of the mr\ I\ tng or resuft~ng entity or it\ ~lltirnatz pltrer:T, ttrzLi (yf 

stick &ares rcnr;litlrrtg ot~tst~tr~cirf~g or itich ~SI;TI'L'TCIICC securttrc~, '$3 the ca"r may be. ha\ e 

srrch rtgl~ts. prcfese~~~cs, j3r-I\ tlc~cs an-td tctttng polter5, anif Itmrtationi mi! restrictton., 

thereof* taken as a u hole, as are not n~aterrallj leis f~zvorable to the 11oIdcrs therecrf than 

the nghts. pxkrcnc~.s, ps~t 11egcs and \ot~nz p~t~ers, and Itmitattctr~, and rcbtnct~ons 
UST Seauence Number: 885 

thereof. of Designated Preferred Stock iinmediately pnor to sttch consummation, taken as 

a whole: 

pi-ot*i~ft~d holt,ever>. that for all purposes of tltis Sectlon 7(c), any increase 111 tlte arnoiint of the 

authorized Prekrred Stock, including aft3 Increase in the authorized amount of Desrgnatcd 

Preferred Stock tlecessaq to satisfy preemptive or similar rights granted b) the Issuer to other 

persons prior to the Siglling Date, or the creation and issuance, or an Increase In the authorized or 

rssued amount, wltether pitrsuant to preemptive or sitnllar rrgitts or otherwise, of ally other series 

of Prekned Stock, or any securities con\w-tlble into or exchangeable or exercisable for anq other 

series of Preferred Stock. ranking equally with andlor junior to Designated Preferred Stock wrth 

respect to the p~Iiierit of dii idends (whether such cfividends are cumulat~r~e or lion-cumultztive) 

and the distributron of assets upon liquidation. dissolution or winding up of the Issuer nil1 not be 

deemed to adx~ersely affect the rights, preferences, privileges or .ti oting powers, and shall not 

require the affirl~tative vote or consent of, the holders of outstanding shares of the Designated 

Preferred Stock. 

(d) Cllanges after Provision for Redemption. No vote or consent of the holders of 

Designated Preferred Stock si~all be requlred pursuant to Section 7(c) above if, at or prior to tlie 

time when ally such vote or consent would otheru ise be required pursuant to such Section. all 

outstanding sltares of the Designated Preferred Stock shall have been redeettted, or shall have 

been cailed for redelnption upon proper notice and sufficient funds sliaI1 haw been deposited in 

trust for such redemption. in each case pursuaitt to Section 5 above. 

(e) Procedures for Voting and Consents. The rules and procedures for calling and 

conducting ally meetirtg of the holders of Designated Preferred Stock (including, \vitliour 

limitation. the fixing of a record date in co~~ttection there~r,ith). the solrcitation and use of proxies 

at such a meeting. the obtaining of written consents and any other aspect or matter u ith regard to 

such 3 I-tteetrng or such consents shall be governed by any rules of the Board of D~rectors or any 

duly authori~ed com~iiittee ofthe Board of Director\, tn its discretion, may adopt from time to 

tune, tvhich mles and procedures shall confor~t~o the requirements of the Cl-iarrer, the Bylakc i. 

and applicable lax and the rules of any natlonal securitres exchange or otlier tradlng facrlity on 

u hich Designated Preferred Stock is llsted or traded at the time. 

Section 8. Record Zlolders. To tltc fullest extent perrt>lttcd by appltcable 13~1,. thc ISSLICS 

and the rr:insf;lr agent: for Dekrgnated Preferred Stock inay clctrn and treat the rirctlrcl holder of 

;tn> share of Desrgnatcd 13-efcrred Stock a:, the true attd iatrftll O\;~IICS thereof fix ali ptarpotei. 

and netther- tilt? issticr nor sirch tran,li.r agent s11all he affkcted by an] ncrtlcc to tllc contrary 

Sccraon 9. "8iotncr~. All niirlcci i-tr commui?rcatrons rn respccr of Dc-rgilarcd prt"f?'l.r~ecI 

Stock 41311 he snfflcrct~tly gric.11 if gir cn rn u t rrrrig and detn zrcd 117 pcrsix~ 01 b) cia\\ III~II, 

po\tdge pr~paid. if g1-t -211 111 -,tic17 other f~l~iliiler asIP~) be ~ferln~tt~d 111 t11rl C cl-t~fYcate iff 

L)eslgni"rxc"n\, 111 tix t'hiti-ter or B>la\zis or by appilcable lL!'ir. Kotlr itth\tur~drr~g the fi,rcgoti~g. rf 

\hare\ ctf De-,~gnattd Prcferrec3 Stock sic ltriueil $11 book-entry hnti through TIIC Dcpos~tclry 

Trust t"clntpa~.tr; or :lrtj irl-ltllttr fzlcllit>. itich i~trtices may be ~I-~CL'I to the hold~rtr ot Ucs~gnatcd 

Prekrrcd Stock ln any r~~tinner pcrlt~lttcd bq s~ich facilrty. 
UST Sequence Number: 885 

Section LO, No Prceln~tsve R~rrhts. No share of Designated Prekrrec-f Stock shall have 

any rsghts of preemption whatsoe~er as to any sccur~ttes of the Issuer, or any ivarants, rtghts or 

options issued or granted tt ith respect thereto. regardless of how such sccur~ties, or sucli 

\\ arants, rights or options. may be desigt-tated. lssued or granted. 

Section 1 1. Reglacernertt Certificates. The Issuer shall replace any rnut~lated certtficate at 

the holder's expense upor1 surrender of that certiticate to the Issuer. The isslier shall replace 

certrtjcatcs that become destroqed, stolen or lost at the holder's expense upott delt\erq to the 

Issuer of reasonably satisfactory el idence that the certifimte has been destroyed, stolen or lost. 

toget11cr with any indeut~tiity that nlay be reasonably requ~red by the Issuer. 

Sectioii 12. Other Riglits. The sharcs of Designated Preferred Stock shall not ha\ e any 

rights, preferences, pnt ileges or ~oti~ig powers or relative, participating, optional or other special 

rights, or qualifications, limitations or restrictions thereof. other than as set forth herein or In the 

CLlarter or as probided by applrcable la\\. 
UST Sequence Number 885 

ANNEX B 

FORM OF CERTIFICATE OF DESIGN.-ITIOlb'S 

FOR \%'ARRANT PREFERRED STOCK 

[SEE ATTACIiED] 
UST Sequence Number: 885 

FOR%1 OF [CERTIFICATE OF DESIGN/%TIONS] 

FIXED IF1,lTE CCICIULATI\ITE PERPETC"tL PREFERRED STOCK, SERIES 1.1 

lfiitscrt nuim ofZ.s.suer). a !cot-porittion hank,'banklng asfoclation) orga1117ed and exist~ng 

tinder the taus of the [I~zsertjurivdictim ctfrtrganizutitrrtj (the ""Isstrer"), in accordance with thc 

provisions of Section[sl [e] of the [Insert applicable statute] thereof, does herebq certtfy: 

Tl~e board of directors of the Isstrer (the "'Board of Directors") or an applicable committee 

of the Board of D~rectors, In accordance with the ([cei~ificate of incorporation articles of 

associatioil] and byla\\ s] of the Issuer and applicable law, adopted the following reso1~itior-t on 

!el creatlng a series of 1.1 sl-tates of Prci'erred Stock of the Issuer designated as "Fired Rate 

Cumulatike Per~etual Preferred Stock, Series Iel". 

RESOLYED, that pursuant to the provisions of the [[certificate of incorporationlarticles 

of association1 and the bylaws] of the issuer and applrcable law, a series of Preferred Stock, par 

value $[el per share, ofthe Issuer be and hereby ts created, and that the designatton and tlutnber 

of share:, of such senes, and the voting and other powers, preferences and relative, participating, 

optional ctr other rights, and the qtraliflcations. l~lnrtatlons and restrtctions tl~ereof, of the sl~are:, 

of such scrtes, are as follc~w s: 

Part 1. Designation and Number of Sh-. There is hereby created orit of the authorrzed 

and unrssued shares of preferred stock of the Issuer a scries of preferred stock destgnatcd as the 

"Fixed Rate Ct~rnulative Perpetttal Preferred Stock, Scr~es Ief'" (the "Desrrrnared Prekrred 

Stock"'). The auct~or~~cd number of shares of Destgnated Preferred Stock \ha11 be 1.1. 

Pdrt 3. Statldard Pro\ r\rons. Thc Standard Pro.ttstoni contattlcci In Schcdttle A atrachcd 

hcret~) arc ~r~cc~rpomted hcretn by rcf'crencc tn tke~r entitcty and ihali be decr~~cd to be d part ol' 

this [Cerrrflczltc of Dei~gnarlonsf to the ,-lat~te cliteni ai 11'\[ich pro\ lirclns haci becn scr titith in 

full l~crcln 

'*Cl~ltirnon Stock" mcatl:, the ~rti~~~-tlt>i~ "rock, pal- t a1uc $[*I per 411~rc, of rhe 

II~UC~ 

. (b) ""Illr ~tlend Patll~erlt Date mcani February i 5. May 15. ,llugu.;t 1 5 2nd Xoi cii~hcr 

1 5 of c.;ich 42ar 
UST Sequence Number: 885 

(c) b'Jutiior St~~ck" 111eans the Cotllli~on Stock, Il~isertitles i$ctnj e.ri,stilzg Jrrniitr 

Stock1 and any other class or series of stock of the Issirer the ternis of^ llich expressly prolride 

that ~t ranks jurlior to Designated Preferred Stock as to dl\ rctend rights and or as to rtgl~ts on 

I~qu~datton, dissolution or ~t~tnding up of the Issuer. 

fd) "Liquidation Amount" znearrs $1 1.000) ' per share of Des~gnated Preferred Stock 

(e) "Miniinurn Amount" tl-ieatls $[Insert $ alrtount eqtcal to 25% ($the Icggregl~te 

vulrre oftfie Designated Prejkrred Stock iss~ed ctn tlze Origirzul Issrce Datel. 

("i) "Paritv Stock" means any class or series of stock of the Issuer (other than 

Designated Preferred Stock) the terrns of which do not expressly provide that such class or scrtes 

will rank senior or junior to Deslgnated Preferred Stock as to dividend rights andor as to rights 

on liquidation. dissolution or uii~cflng up of the Issuer (in each case without regard to \thether 

dividends accrue cumulativety or noil-cu113ulatively). Virithout lirntting the forego~ng. Partty 

Stock shall include the Issuer's UST Preferred Stuck [and] [Insert titfe(sj of any other classes or 

series qf Purity Stock]. 

(g) "Si~nir~~ Date" means Il~sert hte of applicable securities p~trcltase agreement]. 

(hi "UST Preferred Stock" means the Issuer's Fixed Rate Cumulative Perpetual 

Preferred Stock, Series I 1. 

Part. 4. Certain Voting Matters. [To he inserted ifthe Cl~urterprovides~for votirig ilz 

proportion tit liquidation prtlfererzces: Whether the vote or consent of the holders of a plural~ry. 

inajorlty or other portion of the shares of Deslgnated Preferred Stock and any Voting Partty 

Stock has been cast or given on ally matter on trt.hich the holders of shares of Deslgnated 

Preferred Stock are entltled to tote shall be deterinrned by the Issuer by reference to the spec~fied 

l~yurdatlon ainount of tlie shares \ oted or covered by the consent as if the Issuer were ltquidated 

on the record date for such \ ote or consent. ~f any, or. in the absence of a record date, on the date 

for such vote or consent. For purposes of detenntn~ng the toting rlghts of the holders of 

Decignated Preferred Stock under Sectloll 7 of the Srandard Pro\ islons foi3nnlng part of th~s 

[Certificate of Designattons]. each holder ttrll be entitled to one vote for each $1,000 of 

ttyuldatlon preference to b~rhtch such holdc.r"s hares arc etltttlec1.l I Tu tir int~.~eted ifffie Cfztrr-f~'~" 

rlites not protlidejbr vcrti~~g in p~oqortio~z tit fiqrriclation prqfere~zces: f l older\ of share\ of 

Dcstg~latcci Preferred Stock 15 111 be enrtticid to one tote for each 5~icI-1 sllare on 3134 Inatter on 

rx hich holders of Dch~gn~itcd Preferred Stock are ciltrt1t.d to ~ote, tncltrd~ng an) actlorr by ttntrcn 

corr.tent I 
UST Sequence Number. 885 

IN j'1'ITYESS U'F-IEREOF. llnsert name c!f'l:tszterf has caused thts [Cert~ticate of 

Designations] to be s~g~led hq 1.1. its (*I. th~s [a] day crf [el. 

By: 

N aine : 

Title: 
UST Sequence Number: 885 

Schedule A 

STANDARD PROtl'ISIOSS 

Sectron 1. General Matters. Each share of Designated Preferred Stock shall be identical 

in all respects to every other share of Dessgnated Prefewed Stock. The Designated Preferred 

Stock shall be perpetual, subject to the provrsions of Section 5 of these Standard Provisions that 

forin a part of the Certificate of Designations. The Designated Preferred Stock shall rank equally 

with Parity Stock and sl-tall rank senior to Junior Stock wrth respect to the payment of dividends 

and the dtstrib~ttion of assets in the e\ ent of any dissolutioii, I~quidation or \I ~rtding up of the 

Issuer. 

Section 2. Standard Definitions. As used herein tvitll respect to Designated Prefet~ecl 

Stock: 

(a) "Approoriate Federal Banking A~encv" means the "appropriate Federal banking 

agency" with respect to the Issuer as defined in Section 3(q) of the Federal Deposit Ilisurat-tce 

Act ( 12 U.S.C. Section 18 13(q)), or any successor provision. 

(bl "Business Coi~ibination" illearx a merger, consolidat~on. statutory share 

exchange or siinilar transactiotl that requires the approval of the Issuer's stockholders. 

(c) '%Buness Dav" means any day except Saturday, Sunday and any day on which 

banking institut~ons in the State of New York generally are authorized or required by latv or 

other goveminet~tal actions to close. 

(d) "13yIam s" ineans tl-tr: bylaws of the Issuer, as they may be an~cnded froin trrne to 

time. 

(e) "Certificate of Designations" ~i~earts the Certificate of Designations or cosnparable 

instrtlrnent relat~ng to the Desigt~ated Preferred Stock, of nhich these Standard Protris~ons hrtn a 

part, as ~t may be amended froin time to t1111e. 

(f) "Cl~arter" mearls the Issuer's cert~ficate or articles of ~ncotporatron, articlri of 

;rssocratltrn, or srrn~lar orga1117atzona! docxmci~t. 

0 1 '"Ortrt~nttl fcs-ctc Utttc'" ll~cans the clati: cn ~hich sh;~rt.s of Deitgn;rtcd Prcferr-cd 

Stock arc fkit isincii. 
UST Sequence Number: 885 

(1) -'Prefe~-red Stock" means any and all sertes of prefcl~ed \lock of the Iisiier. 

lncl~~ding the Destgnated Preferred Stock. 

(m) "Qualified Equltv Offering" means tile sale and issuance for cash by the Issuer to 

persons other than the Issuer or any of its substdtar-ies after the Original Issue Date of sl~ares of 

perpetual Preferred Stock, Coin1i1on Stock or any combinat~on of such stock, that, rn each case, 

quaItfy as and may be tncluded in Tlcr 1 caprtal of the Issuer at the ume of Issuance ul~der the 

appltcable risk-based capital gutdel~nes of the Issuer's .-\pprc.'pnate Fcdcral Bailklng Agencq 

(other tltan ally such sales and ~ssuances made pursuant to agreetnetits or arrangements entered 

tnto, or pursuant to financtng plans ivhtch were publlcly atlnounccd. on or ~?r~or t P\lo'vei~lber 17. 

1008 1. 

(n) "Standard Provisions'" mean these Standard Provisio~ls that forin a part of the 

Certificate of Designations relating to the Designated Preferred Stock. 

(o) "Successor Preferred Stock" bas the meaning set forth in Section 5(a). 

(p) "Votin.g Parity Stock"' means, with regard to any nlatter as to ivhich the holders of 

Designated Preferred Stock are entitled to kote as specified in Sectiolis 7(a) and 7(b) of these 

Standard Provlsioris that form a part of the Certificate of Designations, any and all series of 

Parity Stock upon whicli like voting rights have been conferred and are exercisable ttith respect 

to sitcll matter. 

Section 3. Dividends. 

(a) Rate. I-iolders of Derignated Preferred Stock shall be entitled to recei~e, oti each 

share of Designated Preferred Stock if. as and when declared by the Board of Directors or any 

duly authorized committee of the Board of D~rectors. but only out of assets legally at allable 

therefor, culliulat~t ecash dtti idends tath respect to each Dti tdenci Period (as defined beloti I at a 

per ani1um rate of 9.0"/0 011 (i) the Ltquldation At~~ount per sl~are of Designated Preferred Stock 

and (il) the alnount of accrued and unpaid dtc~dends for any prior D~vidend Period on such share 

of Designated Preferred Stock, ~f any. Such dit rdend~ shall beg111 to accrue and be curnulati\ e 

from the Or~ginal I\suc Date, shall coinpound or1 each sitbsequent Dividend Payment Date (i r . no dt~rldelids shall accrue on other dli tde~lcis unlecs and untjl the first D~t~dcnd Paqlncnr Date for 

such other dl\ ldends has passed \vithout such other divlciendi hai lrlg been pa~ct on \uch date) and 

ihali be pnyabie quarterly ln arrears on each Dl\ 1der2d Pttjincrrt Date. coitlrnerlcrrlg w ltla the t'ir\r 

sc~ctt Dtc rciend Payment Date to occur at least -10 calendar day5 ;!tier tltc Original Iisirc Date. In 

tlte etent that an] Dtt rdcnd Paj rrlent Date ~rctuld others~ric i'ali on ti day tl~at r.t not a Bamsrrieis 

Ddy, tl~c dtc1deni-i pr-lqfnenr duc on tilLrt da~c r;t ~ll bepostponed to the next ci,~ that 1s a Btrirnebs 

U,ty r3nci 110 nddlttonal dtr denti is t% 111 accrue ilr a rciuft of that po%tponcn-rent 7 hc pcric~l from 

irnd tnc1tiiiil;tg tiny Ditidcnd Payrnenr Date to. but e'iclud~~tg, the nc'it Dlt ~clet~d Paytrtellt Dtite I\ 

a -'D~vrcfet~d Period"'. pro\ lded that the irl~ttaf Dl\ rtfend Pcriocl sh,tll hs: the pcnctd from nild 

~ncl~id~ng the Or1gii1a1 Iswe U:itc to, but crcludrl~g. the nett Drvtifcnd t"a>mciat Date. 

Eli idt.ilc!s that are payable on Desrgr~atcd Prelt-n-cd Stock 1i-r scipi7ct of iirlj DIL ldcncil 

Pcr~od shall be cotnputed on the bas~s ofa 3Sb-dda5 !car cunststrl~g of t~cl~c SO-day mctnti-ts. TIlc 

tiinount cjE dri tctcl~ds payahlc on Ucs~gnatc~J Prckrrcd Srwk on any date prior to the end of a 
UST Sequence Number: 885 

Dividend Period. and for the init~al Dividend Period, shall be cort~putcd on the basts of a 360-day 

year cor~sistrng of t-\rt elce 30-day months, and actual days elapsed over a -30-day month. 

Dividends thar are payable on Designated Preferred Stock on any DI~ lder~d Paytnerlt Date 

will be payable to holders of rectlrd of Desig~~ated Preferred Stock as they appear on the stock 

register oftlie Issuer on the applicable record date, \\ h~ch shall be the 15th calencfai- da~ 

immediately precedirtg such Dtvtdend Pat rtlent Date or such other record date fixed by the 

Board of Directors or any duly authorized co~nlnittee of the Board of Directors thar is not more 

than ti0 nor less than I O days prior to such Dividend Paymel~t Date (each. a "D~vtdend Record 

Date''). Any such day that is a Di~ldend Record Date shall be a D~cidend Record Date ts hethcr 

or not s~tc11 day is a Business Day. 

IClolders of Desigl~ated Preferred Stock shall not be entitled to any dividei~ds, bthether 

payable in cash, securities or other property. other than di\ridends (if any) declared and payable 

on Designated Preferred Stock as specrtied in this Sect~on 3 (subject to the other provisions of' 

the Certificate of Des~gnations). 

(b) P rioritv of Dividends. So long as any share of Designated Preferred Stock 

reinains outstandiug, no dik idend or distribut~on stiall be declared or paid 011 the Coininon Stock 

or any other shares of Junlor Stock (other than dir idends payable solely In chares of Common 

Stock) or Parity Stock, subject to the i~nrnediately following paragraph in the case of Parity 

Stock, and no Cortlinon Stock, Junior Stock or Parity Stock shall be, directly or Indirectly. 

purcltased, redeemed or otl~erwise acquired for corlsideratron by the Issuer or any of its 

substdrarles unless all accrued and unpatd dtvidends for all past Dnidend Periods. tncluding the 

latest coinpleted Dividend Period (includ~ng, tf applicable as provrded ~n Section 3(a) aboxe. 

dl\ rdends on such ainount), on all outstai~d~i~g shares of Des~gnated Preferred Stock have been or 

are contelnporaneously declared and pard In full (or hate been declared and a sun1 sufficiejlt for 

tile payment tl~ereof I~as been set as~de for the benefit of the hctlders of hares of Destgrrated 

Preferred Stock on the applicable record date). The foregoing lrln~tatiort sllall not applj to (I) 

redemptions, purchases or other acquisitions of shares of Colnlnon Stock or other J~tnior Stock III 

cont~ectron n ~th the ad~nlnrstratroil of any eniployee benefit plan in the ordinary course of 

busii~ess and cons~stentvrth past practrce; (li) tile acquis~tion by the iss~ier or an1 of tts 

sub~tdlaries of record oiznorshrp it1 Juntor Stock or Parrty Stoclc for the beneficla1 o\.tnersh~p of' 

an) other personc (other than the Issuer or an) of ~ts ~ubx~dtariesl. 111clu~i1n, kr as tr~stces or 

ctl\t~dlati\; and it) the exclitar~ge or corrtersron of Junior Stock for or ~~to utwr Junror Stock CIS 

of Parity Stock for or lrltct other Panty Stuck (ki it11 the sttinc or Lesser agsrcgate l~quriidtion 

atnount) or Ju~Ic)~ SIIIC~, 111 each case, sole14 to the extent rcyurrcd pursuant to bllliiing 

co~~tracitnat agreetllcnti cntcred Ento ~TIC~T tc) the Slgnlng Date or any %ubsccj~ic.nt agrcclneilt for 

tl~c cicccleratt-d exterclre, ?t"tt1~"111e11t. rrr c\cI~;it~ge thereof fcjt &"ornnioii Stock. 

bPllen itit idends arc not pard (or declared and 3 sum s~tfilc~ctlt fi)r paj111~11t thi*rec)fitct 

n?~i_fc fcx the herlefit of the holders thereof nrt the ;ippficahle record date) on dn) Dii, IC~~~ICJ 

Pa?illcr-tt Date (or. In the L'LI,~ of Parit1 Stock hat~ng dit rdcrtd pajtncnr dare, Jlfferc~jt fi-otn rhc 

L~I\ ldcnd Pa?n-rcirt Uiit~~, 011 it dt\rrdet~il pa!.rllerit d:itc killi~~g ivtt11tn d Dtr. rdcnd Pcrtod r~"l~tti7d 10 

siicll Dit rciend Pajmcnt Date) In full upoil Dcrlgnatcd 13ref.t.~7-ed S~CICE, and an) shares of Panty 

Stock, all d~t idends dcciwed ctrt Ue\lgnatc.d Pi-cfkrred Stock ancJ all iuclt P'~rrrq Src)ck t~~d 

p;ty.tblc era L)r\ tdsnd Pay~t~ent D&CI (or. 111 the c~t\e i)fPclrrty Stock 11at tng drk IC~CII~ 
USI Sequence Number: 885 

pa>mcnt ciates dlffercnt fi-oln the Dit ~tfend Pay~lient Dates. on a dit iderld payment ctate filll111g 

\~c ith~n the Dit ldcnd Period related to such Dit idend Payment Date) shalt be declared pw rtrfcr sc:, 

that the respecti\ e atnounrs of such cl~c ~dends declared shall bear the same ratio to each other as 

all accruect and ut-tpaid dit ~dends per share on the sbarcs of Deslgtiated Prefen-ed Stock 

(rncluding, tf iipplicable as probided in Sectton 3(a) abote, d~v~dends on such amount) and all 

Parity Stock payable on such Dtt rdend Paytnent Date (or, In the case of Parttj Stock haclng 

dtc ~dend payment dates ciifkrcnt from the Dlt ~cfend Paytlle~lt Dates, on a tfrr~rdend paylncllt date 

fa111ng m itl-lin the Drt ider-td Period related to such Dlt idend Pnyment Date) (5~1bject to thelr 

having been declared by the Board of Directors or a duly authorized corninittee of the Board of 

Drrectctrs out of Iegaliy at atlable fut~ds 3116 11icltldlng. in the case of Panty Stock that bears 

curnulati\e di\~des-tds, all accrued but ~irlpaid dtvidendsj bear to cacli other. If the Board of 

Dlrectors or a duly autf~orrted cotrrm~ttee of the Board of Directors detcrlnlrles not to pa> any 

dlt ldend or a full dl\ idend on a Dst rdend Payment Date, the Issuer \;\. rll pros rde mrittcn notice to 

the holders of Designated Prekrred Stock prior to such Dzctdend Payment Date. 

Subject to the foregoing, and not othentrise, such dit idends (payable in cash, securitres or 

other property) as may be deter~nined by the Board of Dlrectors or any duly authorized 

committee ofthe Board of Directors may be declared and paid on any securities, ~ncluding 

Coininon Stock and other Junior Stock. from time to time out of any funds legally acailable for 

such payrnent, and holders of Designated Preferred Stock shall not be entttled to pasticipatre in 

any such dis7idends. 

Section 4. Licluidation Rights. 

(a) Voluritary or Involuntarv Liqu~dation. In the event of any licjurdation, dissolutron 

or t~inding up of the afl-dirs of the Issuer. whether voluntary or In\ oluntaq. holders of 

Deslgnated Preferred Stock shall be entrtled to recelve for each share of Deslgnated Preferred 

Stock. out sf the assets of the Issuer or proceeds thereof (u hether captat or sul-plus) at allable for 

c'tistribution to stockl~olders of the Issuer, subject to the rlghts clf any creditors of the Issuer, 

before any distributior~ of such assets or proceed5 is made to or set aside for the holders of 

Cc.rmmon Stock and any otl-ter stock of the Issuer ranking juitror to Designated Preferred Stock as 

to \;iich clistrlbutioi1. payment in full In an a~nount equal to the sum of (I) the Liqurdatior-t Ai~iourrt 

per share and (11) the atnoLlnt of 311~ accrued and unpald dtt rdencts (inclttcltmg, if applicable as 

pro\ lded in Scctli:,n S(a) iihot e, d~vldends ort such amctunt), M hethcr or tlot declared, to the date 

elf pdy~ncnt {\IL!L'~ dix~)~tlltts ~ollectl\ ely, tllc '" '? 

(h) Partral P,lvrnent If it1 any distnburlon dckcrtbed sn Sectlctn 4ja) abwc rllc asi\cts 

rrftllc Iisucr or proceeds thereofare nc.t iufiicter~t ro pa) ~n ttrII the afllr)tillt~ lfd>'sh]e tilth 1r3yl;act 

:<I all t>ut\r;i:~iItalg \hare\ of De\rgraatsd Prefilrrcd Srvcli arid the ccrne\~~ottdit~g :irnoL;nti p~irabtc 

at tth ri~kptpcf of all) other 3tt)ck of thh: l\iu~r:i1A111g etjltitilt \\ rth Dc\rgn,iie.d Prefct rcd Stock -1, 

tcr iuc.11 cliitr~brrtron, holdcri of De%ig~-rarcti Prekrrcd Stock anci thc hol~lci-i of \~ucll othcr \rock 

41;tll \hare ratably rn atq 3~1ch distrihut~o~~ 111 proport1011 to thc full reipeetr\ .i cdr~tnburtont to 

\I, h~/t they are entrtted. 

is) R~~l~Itliil Distrtbtifiot~~. 11'111~ l-rytttdatron Preference has been p~id trl full ti, 2tll 

holckr5 of f)t"srgt~arr;tf Prt"kn.cd Stock and the corrc~poncirltg rimoui1t~ paqllhic ii rtt~ rciitcet of 

 ti^> otllcr ".rock of the f\.r".t1crlinklllg e~l~l~ifiy i6 1111 Deilgr~atcd I"rc$:t1reci Stock 'k:, to %uch 
UST Ssyilence Number: 885 

distribution has been paid in full, the holders of other stock of the Issuer shalt be entitled to 

receive all reinaining assets of the Issuer (or proceeds thereof] according to their respective rights 

and prekrences. 

(df Merger, Consolidation and Sale of Assets Not Liauidation. For purposes of this 

Section 4, the inerger or consolidation of the Issuer with any other corporation or other entity, 

including a merger or consolidation in which the hotders of Designated Preferred Stock recei~ e 

cash, securities or other propem for their shares, or the sale, lease or exchange (for cash, 

securities or other propem) of all or substandall) all of the assets of the Issuer, shall not 

constitute a liquidation, dissolution or \vinding up of the Issuer. 

Section 5. Redem~tion. 

(a) . Except as provided below, the Desipated Preferred Stock 

inay not be redeemed prior to the later of (i) first Dividend Payment Date fatting on or after the 

third anniversary of the Original lssue Date; and (ii) the date on which all outstanding shares of 

UST Prekned Stock have been redeeined, repurchased or othewise acquired by the Issuer. On 

or after the first Dividend Payment Date falling on or after the third anniversay of the Original 

Issue Date, the Issuer, at its option, subject to the approval of the Appropriate Federal Banking 

Agency, may redeem, in kvhole or in part, at any time and from time to time, out of fcrnds legally 

available therefor, the shares of Designated Preferred Stock at the time outstanding, upon notice 

given as provided in Section 5(c) below, at a redeinption price equal to the surn of (i) the 

Liquidation Arnount per share and (ii) except as otherwise provided below, any accrued and 

unpaid dividends (including, if applicable as provided in Section 3(a) above, dividends on such 

atno~mt) (regardless of whether any dividends are actually declared) to. but excluding, the date 

$;xed for redemption. 

Nottvithstanding the foregoing, prior to the first Dikidenb Payment Date falling on or 

after the third artni~ersarq. of the Original lssue Date, the Issuer, at its option, subject to the 

approval of the Appropriate Federal Banking Agency and subject to the requiretnent that alf 

outstanding sl-tares of UST Preferred Stock shall previously have been redeemed, repurchased or 

orhestvise acquired by the Issuer, may redeem, in whole or in past. at any rime and from time to 

rime, the shares of Designated Preferred Stock at the time outstanding. upon notice gitien as 

provided in Sectron 5f c) belo%, at a redemption price equal to the sum of ti) tlte Liqu~dation 

Amount per share and iii) except as othenvise prot~ided betow, any accrued and unpaid 

divtdcnds (ri~cluding, ~fapplicahie as prvt rded rn Section 3(a) aboxe, dividends on 31ici1 a~nount) 

(regardless sf wl~ether any dl~~denile; are actually declared) w, but excluding. the date fixed for 

redemptron: y~*otfrded that (x) the Issuer (or any successor by Busl-r-ress Cornbination) bar, 

received aggregate gross proceeds of not less than the Mtnrlnum Xn~ounr (plus the "hfrnlr~lrrr-ul 

Amount'" its defined in the rela an: eertiij'rcate of ifeslgr~ations for each other ohzrstar~dtng serges of 

prekrrerf stock of' such successor that uas orrgr~~ally issued to the United States Department: of 

the Treasut-y /the ""SUCC~SSO~ PI-efesed Stock'") ~rt connection wth the Tro~ihfed Asset Reiref 

Pn,gr;jm Capital Purcltase Prograsn) liom one or more Qual~ljscl fsyuie OReringc (~ncitrding 

Qnalrficd Eq~ilty Cjfferrngs of such successor), and (4") the aggregate redetnption prrce ofthe 

Desrgnated f3referred Stock f and any Successor Prefemd Stock) re-edee~ned prrrsuant to thi\ 

paragraph may not exceed the aggr-epate rrct rash pmoceeds recetved by the Issuer (or any 
UST Sequence Number: 885 

successor bj Business Cornbiiiat~o~r) li-um sucl~ Qualified Equity Offerrngs (including Qualrficd 

Ecluity Offerings of such successor). 

The rede~nption prlcc for any shares of Desrgnated Preferred Stock shall be payable on 

the redempt~on date to the holder of s~lch shares agail~st stirrender of the certificatc(s) evtdel~ctng 

such shares to the Issuer or its agent. Any declared but rtopaid d~t idends payable on a 

redcliiption date that occurs s~~bsequent to the Ditidend Record Date for a Cfividel-tc.1 Period shall 

not be paid to tlie holder entitled to receibc the rede~i~ptron pr~ce on the redetnptior~ date, but 

rather shall be paid to the holder of record of the redeetned shares on such Ditrrdend Record Date 

!-elating to thc Dit idend Paytnent Date as provided in Section 3 abo~ e. 

(b) Wo Sinking Fund. The Destgnated Preferred Stock will not be subject to any 

mandatorq. redemption. si~ik~ng filrtd or other sitnslar provlslons. I-iolders of Designated Prekned 

Stock sill have no right to require redemptrol~ or repurchase of arty shares of Desig~iated 

Preferred Stock. 

(c) Kotice of Redem~tion. Notice of every rede~nptiori of shares of Designated 

Preferred Stock sllall be given by first class mall, postage prepasd, addressed to the liolders of 

record of the shares to be redeerned at their respective last addresses appearing on the books of 

the Issuer. Such marling shall be at least 30 days and not talcxe than 60 day> belitre the date fked 

for redemption. Any not~ce mailed as provided In this Subsection shall be conclusively presulned 

to have been duly given, whether or not the l~oldereceives such notice, but failure duly to give 

such notice by mail, or any defect iii such notice or in tlie inailing thereof. to any holder of shares 

of Designated Preferred Stock designated for redemption shall not affect the \:zlldity of the 

proceedings for the redemption of any other shares of Designated Preferred Stock. 

Not~cithstanding the foregoing. if shares of Designated Preferred Stock are issued In book-enti? 

form through The Depository Tr~~st Coi-flpany or any other silxilar facil~ry, notice of redeinptiori 

may be g1-r.c.n to the holders of Desigrlatecl Preferred Stock at sitch tiine and In any manner 

pennttted by such Fdcslity. Each notice of rcdemptiou given to a holder shall state: (1) the 

redc~nptron date; (2) the ni~inber of shares of Designated Preferred Stock to be redeetned and, tf 

less than all the shares held by such holder arc to be redeetned. the number of siich shai-es ro be 

redeefned from such holder; (3) the rcde~nptiort price: and (4) the place or places wlicre 

cen~licares for such shares are to be surrendered for paylllerlt of the redeniptlon pnce. 

td) . In case of any recfe~i-tpr~on ofpart of'bhc >hare% of Dc\rgrrittctl 

Prekr-rccf Stock at [he time c-tt;tstand~ng, the iharci trt be redeemed shall be scicletcd cltlser pr 

r~lttt or 111 \tic11 ot11t.r tnal~ner a:, rfic Boar3 of Ll~rcctors or a duly autli~orri.cd comtnlrret? thereof 

nla) ciercr~i-rine to he Fi1r dlid ~qtllt;iblt? Stlbjcct to the pro\ tsron\ liereof, tile Bctdrd of Drl-cctrirs 

or ;r duly autl1i)r17ed corninlttee thereof \hail ha e tidl1 pot% er and author~t? to pre.tcr~bt: the tatr-rn., 

and contirtroni upoil u hrch %hare\ of Destgnated Prclfen-cd Stock. .~ltatl be rcdccmrd from tirntl tit 

trt-tte If f-kt-tcr than all tl-tc shitrei rcpreie~~ted la? an) certllicdtc ~tr~ rede~l~ictri, a i~eiii cei-rtfic~te 

ihall be ri5iieci reprcsc~iting the ~it-rrcdecrncii share5 \I tthout charge to the holdcr thereof 

(cf . it ~totrce oirede111l3t1~9n 113% been du13 en ,wid rf 

ctn or beli,rc thc rcdetnptl~n date \peciliccJ tn the tiotrcc ctll filncls nccc\sarj for rl~c rectclnpt~oi~ 

kat e hec11 deposited by tlic !s\uer. rrt trtibt for the pro arfu benefit of thc hotcfet-s of rile \hare\ 

cirl!cd ii~t- rcctemptron. v~ltlt 3 hilnk or trust company ilillng bn.stnci\ rn rht. irfortjugh of 
UST Sequence Number: 885 

klanhattan, The City of New York. and haking a capital and stlrplus of at least $500 intllion and 

selected by the Board of D~rectors, so as to be and continue to be available solely therefor. then, 

not\\iitllstanding that any cert~licate Ibr any share so calIed for redemption has not been 

surrenderect for cancellation, on and after the rede~nption date dl\ idends shall cease to accrue on 

all shares so called for redemption, all shares so called for redemption shall tio Longer be cieeltlcd 

outstanding and all rights \r\.rth respect to such shares shall forthtc tth on such redemption date 

cease and ter~ninate, escept only the right of the holders tl-tereof to recellre the aino~rnt payable 011 

such redeml?tion froin such bank or trust company, icithout interest. Any fiinds unclairned at the 

end of three years fro111 the redeinption date shall. to the extent pel~nitted by lati, be released to 

the Issuer, after tchich time the holders ofthe shares so called for redevnption shall look on14 to 

the Issuer for payment of the redernption price of suclt shares. 

(fj Status of Redeemed Shares. Shares of Designated Preferred Stock that are 

redeemed, repurchased or othem ise acquired by the Issiler shall revert to authori~ed but unissued 

shares of Preferred Stock (prot'i~IIed that any such cancelled shares of Designated Preferred Stock 

trial be reissued only as s11a1-es of any series of Preferred Stock other than Designated Preferred 

Stock). 

Section 6. Concession. fiolders of Designated Preferred Stock shares shall I-tave no right 

to exchange or convert such shares into any other securities. 

Section 7. Voting Rights. 

(a) General. The holders of Designated Preferred Stock shall not have any voting 

r~gllts except as set fbrth belo~c or as othem ise fiorn time to time required by law, 

(b) Preferred Stock Dlrcctors. Wheneter, at any trine or tltnes, dividends p:tyable on 

the shares of Des~gnated Preferred Stock have not been paid for an aggregate of s~x quarterly 

Drtitdend Periods or Inore, whether or not consecutive. the authorized i~umber of directors of the 

Icsuer shall autoitlat~cally be rncreased by two and the holders of the Desig~tated Preferred Stock 

sitall hake the right. k.t.ith holders of shares of any one or more other classes or series of i'oting 

Parrty Stock outstandll~g at the tlme, kotlng together as a cla\s, to elect two directors (herclnaftcr 

the '?referred Dlrcctorc " and each a "Preferred Dtrecror") to fill c~tch nett ly created 

directiir\hrps at the 115~ier'c; next anrlual tneetlng of stockholders (or tit ti ipccral meeting called 

for th:it purpose prror to such tlekr annuat ~ttcet~n~) and at each suhsecl~ici~t il~zrrual tt-tcetrng of 

btockholder~ tirittl a11 accrued and unpa~d d~ardcr~db for all past Dnk ndet~il Pc~ruds, 1:1~iudrrlp thc 

latest cr,tnpietcd Uir ~dend Perlod (lnrludrng, ~f appltcablc. ;i\ pro\ ~ded in Sezt~on 3(a) tihu~e, 

itii ider~d. on kueh amount), rlrl ,ail outstandt-i~g \hares of Deilgi;dt~"J Prefcrrcd Stock hati. been 

declared dr~d pard rn full dr trtltch trtne \ui'/i right ,hail tcrrntnate ~vi~ltt~ respect IU the Dcbtgt~atcd 

PI-eferrcd Stock, crcept ar hcr-cit-r or by i;iia exprr:\"Jj pro1 idetl. snhjcct to rcr cstzny rn the errcl~t 

ctf C;IG~ ;md c\ cry i~ibsec;ucnt iicl'auft iif the char:icte.r ahor c ~l~er-tt~oncd, /I/.O~*I(JC'J that 1-i %hall he 

:r Liualikicat~crrt fix clcctrrtn for any Pref.krrcd Drrzctctr that the eieetii~n of'rtich Prcfcrrcd D~scctor 

\litill not c:+use tile I\cucr to \ ~cllcltc any corporate gotl.1-tiat~ce requrrcmel.tts of ally \ecurtt1ci 

exclt,ttige or othcs tracirng f;tctllty or1 $1 hlcl~ .~cciir-~tres of thc Issucr ma! thcn lie liste~irr tractcd 

tl-lar 11,ttc'cf or tr'tciccf ccrmpanlei m~ibt hat c it 1ttajorrr-c of ~ndepcni!e.t~t cilrcctitr., l'p~m :any 

tcnnttnat~a~i~ of the right oftkc koIdcr\ of .I-tcire\ of Dcs~gnatecJ. PrefcrrecJ. Stclch and 'C'cst~ng Pantj 

t;t\)cli '1s ;L ~5114ri to \ ottl for dlrckitorh c14 pro\ ltied ;I~c)\ C. [hi- Pr~ferrccI Drrc~tori \11aTt ccaie ta br: 
UST Sequence Number C 2 - 

qualified as directors, the ter11-1 of office of all Pre-ferred Directors then in office shalt tetminate 

immediately and the authorized n~tmber of directors shall be redt~ced by the number of Prekned 

Directors elected pursuant hereto. Any Prefet-t-ed Director may be removed at any time. with or 

ct ithout cause, and any vacancy created thereby i-ftay be filled, only bt the affimatice vote of the 

holders a majority of the shares of Designated Preferred Stock at the time outstanding voting 

separately as a cfass together with the holders of shares of Voting Parity Stock, to the extent the 

r oting rights of such 11olders described above are then exercisable. If the oftice of any Preferred 

Director beco~nes vacant for any reason other than rernoval frotn ofice as aforesaid, the 

remaining Preferred Director may choose a successor who shall hold office for the unexpired 

tern? in respect of which such vacancy occurred. 

(c) Class Voting Rights as to Particular Ililatters. So long as any shares of Designated 

Preferred Stock are outstanding, in addition to any other vote or consent of stockholders required 

by law or by the Charter, the vote or consent of the holders of at least 66 2'3Oib of the shares of 

Desigi~ated Preferred Stock at the time outstanding, voting as a separate class, given in persoil or 

by proxy, either in tvriting without a lneeting or by vote at any meeting called for the purpose, 

shall be necessarq. for effecting or validating: 

(i) Authorizatiorr of Senior Stock. Any alnendrnent or alteration of the 

Certificate of Designations for the Designated Preferred Stock or the Charter to authorize 

or create or increase the authorized amount of, or any issuance of, any shares of, or any 

securities convertible into or exchangeable or exercisable for shares oc any class or series 

of capital stock of the Issuer ranking senior to Designated Preferred Stock with respect to 

either or both the payment of dividends and/or the distribution of assets on any 

liquidation, dissolution or czinding up of the Issuer: 

(ii) Atnendrnent of Designated Preferred Stock. Any atnendment, alteration 

or repeal of any pro.\- ision of the Certificate of Designations for the Designated Preferred 

Stock or the Charter (including, ~lnless no vote on such merger or consolidation is 

required by Sectiotl 7(c)fiii) below. any arnend~nent, alteratron or repeal by ineans of a 

merger, consolidation or othemise) so as to adversely affect the rights, preferences, 

privileges or voting powers of the Des~gnated Prefewed Stock; or 

(ili) . Aray 

cc_tnsummatler-r of a bindir~g share exchange or I-ee:classiRcation ~nuolvtng the Destgnated 

Prekrred Stork or of a illerger or eonsolt&ation of the issuer 'ivrth another covurarron or 

other entity, unIess tn each case ix) the shares of Designated Preferl-ed Stock rernatn 

outsranbtr~g or, rn the case of any such merger or cansottdativn wtrh respect to wh~h the 

fssuer is not the sun ttrng or resutting entzty. are converted rnto or exchanged for 

preference securities of the surt~\tng or resulting entie or ~ts uftarnate parent, and t y) 

such shares rs~narnlng outstandillg or such preference securtttes, as the case may be, hare 

such rrgfits, prilfercnccs. privileges rnnd -crttrng rpom erb, and lirnttatrons and restricttons 

thereof. taken as a whole. as are not matenatty less hvorable to the holders thereof than 

the nghts, preferences, pri\ rtcges and Lotrng powers. and limttarioni, and restrlcttotls 

thereof. of Deslgnatcd Preferred Stock itl~mediately prior to such eonsurnr-t~at~on, taken as 

a \\hole; 
UST Sequence Number: 885 

yi-ovic/c>d, Izr~rtbrcer, that .for all purpctses of tliis Section 7(cf, any it~crease 111 the alnoiirtt of the 

autl~ori~ed Preferred Stock, including any rncrease In the author~zed arnount of Debignated 

Preferred Stock tlecessarq to sattsfy preerriptts e or simllar rights granted by the Issuer to other 

persons prior to the Slgning Date, or the creation and Issuance. or an increase in the authon~ed or 

tssrled amount, whether pursuant to preempt~.ve or srmilar rtgfits or otheru ise, of' any other scrles 

of Prefersed Stock, or any securit~es consel-ttble Into or exchangeable or everclsable for any other 

sertes of Preferred Stock, ranklng equally L\ ith and/or junior to Designated Preferred Stock wth 

respect to the pa>iment of dividertds (whether such dividends are cumulatt\ e or non-cumulatl\ e) 

and the d~stnbut~on of asiets upon Ilquidation, dtsso1utio1-r or \\/inding up of the Issuer u111 not be 

deemed m adt ersely affect the rights, preferences. prrvrleges or ~otrng posers, and shall not 

require the affirlnattve sote or consent of, the holders of outstand~ng shares of the Designated 

Prefecred Stock. 

(d) Changes after Pros ision for Redemption. No vote or consent of the holders of 

Designated Preferred Stock shall be required pursuant to Section 7(c) abo\ e 11', at or prior to the 

time when any such ~ote orconsent would othenvise be required pursuant to such Section, all 

outstanding shares of the Designated Preferred Stock shall have been redeemed. or shall have 

been called for redc1nptior-r upon proper notice and sufficient funds shall has e been deposited in 

trust for such redetnption. in each case pursuant to Sectton 5 above. 

(e) Proceclures for Voting and Consents. The rules and procedures hr calling and 

condilcting any meeting of the holders of Designated Preferred Stock (inclt1di11g. without 

li~~~itation, the fixing of a record date ir.1 connection there~sith), the solicrtat~on and use of proxies 

at such a niecting, the obtailiing of written consents and any other aspect or matter svrth regard to 

such a meeting or such consents shall be go? errled by any rules of the Board of Directors or any 

duly authorired colnrnittee of the Board of Directors. in its discretior-r, lnay adopt from time to 

time. wl~ich rules and procedures shall conforin to the requiretnents oftlie Clrat-ter, the Bylass>, 

and applrcable law dnd the rules of any national securities exchange or other tradiilg facility on 

\s hich Designated Preferred Stock is listed or traded at the trme. 

Section 8. Record Holders. To the fullest extent permitted by applicable la\\. the Issuer 

and the transfer agent for Designated Preferred Stock may deem and treat the record holder of 

any share of Designated Prefened Srock as the true and latr ful oti i1e.r tl~ereofirr all prrynsec, 

and netther the Issuer nor such tranrfer agent shall be affected by any notice to the cttntrar?. 

Sectti~n 9. hoticcs. 411 nutlcc, or comtnunlcattcins $11 respect ~"iwg~zitted Prekrrcd 

Stock ills11 he suft~c~cntlq pien if gi\ en 1t-t bisrtlng and ~lel~vered in pcrran ctr by firlt clais inall. 

pt3\tage prcpdld. CK if pen 111 WLII ilther mdnrter as tna? be pern1ittc.d la? tllri (: crtlticate 01' 

I2eitgn;rrtt~n\. lri fl~c < hartcr or Bytatz r or bj apltlrcablc Iau . hotn trh3tandrttg the ic>rcgo~t~g,. 1.f 

\hares of De>rp~rnatcd PrckrreJ Stock arc rss~ictd rn bot~k-enrr?, hrln through Ihc Dt"prtsltol?/ 

Trust Cotnpctl~y i-tr 'my s~rnll;tr hcrlrty, such notrce., m.ty be g~~cn 10 rlie holders of Dcslgriiitcd 

Prckrred Stock 111 an> manner permnttrcci bq such fiicll~ty. 

Sect1011 1 Cf. act Prcei~ioti\ e m. %0 sharc of tJet~giiateil PI-efcrrcti Stock 41clll ht1\ e 

any rrghts of precmpttotl u hatsrtet cr as to any sectintic\ of the Isietes. crr ail? ~a~rarits, rtghti, or 

itpt~xfi 1sbi1cc"1or gra11tec-i L\ 1t11 re~pccthereto, ~C~~~TIII~SS of hcl~t. \LICII "ic~tisltit"f, or such 

narrllnts. light., us C)l3ltOni. ma?, he I!GsI~I~~~IL"~. lss~ic"~! or gr-drrntcd 
UST Sequence Number: 885 

Sectio11 1 1. Re~lacement Certtticates. The Issuer shall replace any mutilated certificate at 

the holder's expense upon surret~der of that certificate to the Issuer. The Issuer sllall replace 

cefttficares that become destroyed, stolen or lost at the holder's expense upon delnery to the 

Issuer of rcasunabiy satrsFdcto~ et idetlce that the certificate has been destrojed, stolen or lost, 

together ~lth anj indernnlty that ]nay be reasonably required by the Issuer. 

Sect~on 12. Other Ritrhts. The share4 of Des~gnated Preferred Stock shall not have any 

r~ghrs, prekrertces, prit tleges or cotrug pomers or ~-etat~t e, parriclpatlng. oprionsl or other special 

rrghts, or yualrficatlons. lt~nitatlons or restrictions thereof. other than as set for-th I~ere~n or 111 the 

Charter or as prot rded by appl~cablc la%. 
UST Sequence Number: 885 

ANNEX G 

111 considerat~on litr the benefit:, 1 \till rece~ve as a result of 111y employer's parr~cipation 113 the 

Untted States Departincnt of the Treasury's TARP Capital Purchase Program, I hcreby 

voluntarily \icai\e any claini against the United States or any state or tenrtory thercof or my 

employer or any of its directors, officers, e~nployees and agents hr any changes to my 

coinpensatio11 or benefits that are requtred in order to comply -4th Section 11 1(b) of the 

Emergency Economic Stabrlizattorl Act of 2008, as alnended ("EESA"), and rules, regulations, 

g~aldance or other reyuireinents issued thereunder (collectiselq., the "EES'l R~3,fricfioils"). 

I acknowledge tl~athe EESA Restrictions may reyuire modification of the ernployrnent. 

compensation, bonus, incentive, secerance, retention and other benelit plans, arrangelnents, 

policies and agreerllents (including so-called "golden parachute" agreements), whether or not rn 

writing, that 1 have nvlth my emplojer or in u hich I participate as they relate to the period the 

United States holds any equity or debt securities ofiny einployer acquired through the TARP 

Capital Purchase Prograin and I hereby consent to all such ~nodifications. I further acknowledge 

and agree that if tny einployer notifies me in writing that I have received payments in violation 

of the EESA Restrictions. I shall repay the aggregate arnount of such payments to my ernployer 

no Later than fifteen business days ti-illowing ttiy receipt of such ilotice. 

This waiver includes all claims I may have under the laws of the United States or any other 

jurisdiction related to the requirements imposed by the EESA Restrictions f including without 

limitation, any claim for any cornpensation or other payments or benefits I would other\\ ise 

recette absent the EESA Restrtctions, any challenge to the process by ~h~ch the EESA 

Restrrctioils were adopted and any tort or constitutional claim about the effect of the foregoing 

on my employftlent relationship) and I hereby agree that I will not at any time initiate, or cause 

or perinlt to be i~~ltiated on iny behalf, any such claim agalnst the United States. my employer or 

its directors, ofiicers, employees or agents In or before any local, state. federal or other agency. 

court or body. 

I11 witness whereof I execute this \tai\ier on ii~y own behalf, thereby communicating tny 

acceptance and acLno\vlcdgeinent to the prot isions herein. 
UST Sequence Number 885 

:\NNEX D 

(a) The Cotnpany has been duly incorporated and is \ alidly existlng as a coiyoration 

in govcf standing under the la\\ s ~f the state of ~ts incorporation. 

(bl The Prekrred Shares hare been July and kaIid11 authon~ed. and, 1% her1 issued arld 

del~tered pursuant to the Agreement, the Preferred Shares i\ ill be dul) and .validly issued and 

fully paid and no~i-assessable, u~ll not be issued in \ tolatlon of any preernptt\c ngtits. aid kt ill 

rank p~~ri PLW sfl tt ith or S~IIIOI- to all other series or classes of Prekrred Stuck t~sued on the 

Closing Date it11 respect to the payinent of dit idends and the distrrbutron of asset', 111 the e\ ent 

of any drssolut~on, liqu~datton or 1% Inding up ofthe Conlpany. 

(c) Tlie lJrarrant has been duly authorized and. when executed and delivered as 

contetnplated by the Agreement. will constitute a kalid and legally bindtng obilgation of the 

Coinpany enforceable against the Coinpany in accordance with its terms. except as the saille may 

be lirr~ited by applicable bankruptcy, insolvency, reorgant7ation, lnoratoriutn or siniilar la\\ s 

affecting the enforcement of creditors' rights generally and general equitable principles, 

regardless of whether such enforceability 1s constdered In a pruceedrlig at law or in equity. 

(d) The shares of lVarrant Prefened Stock issuable upon exercibe of the Warrant ha~c 

been duly authorized and resenred .for issuance upon exercise of the Warrant and \\,hen so issued 

in accordance uith the tenns of the \Val~-ant will be vatidly issued, fully paid and non-assessable. 

and ti 111 rank pnri ~LI~SZI mith or senior to all other series or classes of Preferred Stock, whether 

or not issued or outstaliding, \*vith respect to the payment of dividends and the distributio~~ of 

assets in the ex ent of any dissolution, ltquidar~on or u ind~ng up of the Cornpan3 . 

(e) The Co~npany has the corporate power aiid authortt) to execute and deliver- the 

Agreelnent and the Warrant and to carry out its obligations thereunder (r-thjch 1nc1udt.s the 

issuance of the Preferred SIiarcs, Warrant and LYarrant Shares). 

( f) The executloil, de1t.i ery and perfcjrinar~ce by the Coinpaliy of the Agreclnent and 

the \$'asmnt and thc COI~SLI~IIII~~~IO~I of the rransactrc)ns conrei~iplatcd thercis? ha\ c I3cc1.t dufy 

clrrihorri.crl by all r,ece\rac corl>itrate action oti the part of the COI~~~~II~ atx! ~ts srockholders, and 

ni. firrther dppro\ al or tlutilorr?at~on 1s required 011 rlie part ctf the C o~nytanj . 

(1 The rigrizemcnt 1\ a bald and bit~citng r~hiigatli)n of tlie C'on1~7r~~njr L'II~~PTC'C~~~~L" 

agaimr th;l il'onrrp,tily rrt accortiance u itll tts term. except as the iimc ins;* lie Irlnited hq 

appitcable bankruptcy. t!~\olr ertci,. rc"t~qlai1i7tttlol1. ti~o~ator~~illt ,~n~iiar Idis c ~ffcet~rig the 

en.li,rcertlent c~f crcdrtors' rigl~tb gznenr11y and genera! eqti~tablz prtrtcrplc*. reg;irdIe\\ of \~i I~cther 

,uch enliirccabrlrty 1s c011\1dered 111 :i pn)ccedlt~g at Ian or rn eyulty: prwt rc/~i-/, itolt rl cv., %itch 

counsc! need express no oprnron M rth rcipcct to Secrr~tii 4 S(1-i) or thc 4e.i CI";~E?IIII~ pix)! 1,1011. of' 

the 4grcc111~1lt ~il%c)t:ilt. ds Secttoi~ 3.54hl is cttncilrilcd. 
UST Sequence Number 885 

ANNEX E 

FOR31 OF $% ARRAPI'T 

[SEE ATTAC t l fiD] 
UST Sequence Number: 885 

FORM OF W.4RRANT TO PURCN-ISE PREFERRED STOCK 

THE SECURITIES REPRESENTED BY THIS INSTRLTb4ENT lihirk XOT BEkV 

REClSTkRED UNDER THE SLCURITIES ACT OF 1933, AS AMENDED, OR THE 

SECURITILS LAWS OF ANY STATE AND MAY ?JOT BE TRANSFERRED, SOLD OR 

OTHERWISE DISPOSED Of.' EXCtPT WI-IILE A REGtSTRATION STATEItilENT 

RELATING TifERETO IS IN EFFECT UNDER SUCfl ACT AND APPLICi4BLk STATE 

SECURITIES LAWS OR PCRSLiANT TO AN EXEMPTION FROM REGlSTR.4TIOB 

UXDER SUCH ACT OR SUCH LAWS. THIS INSTRUktkhT IS ISSUED SUBJECT 10 

THE RESTRICTIONS ON TRANSFER AND OTHER PROVISIONS OF A SECURITIES 

PURCIIASE ACjREEMENT BETMX334 TIiE ISSUER OF TEIESE SECL'RITIkS AND THE 

INVESTOR REFERRED TO THEREIN. A COPY OF Wt-IICfI IS ON FILE ?VITii THE 

ISSUER. THE SECURITIES REPRESENTED BY THIS INSTRUMENT ZilAY NOT BE 

SOLD OR OTHER\iVISE TRANSFERRED EXCEPT IN COMPLIANCE ?$'ITI-I SAID 

AGREEMENT. ANY SALE OR OTIfbR TRANSFER NOT IN COMPLIANCE WIT1 i SAID 

AGREEMkNT WILL BE VOID. 

WARRANT 

to purchase 

Shares of Preferred Stock 

Issue Date: 

1. Definitiol~s. Unless the context othert\~isc require\. when ~ised herein the 

fo1fot.t Ing terms shall ha\ e tlie ineanjngs ~tidicated. 

""Botrr-ii o( ,021.c~. i(li*\" 13c3ns the board of directors ctf the Company. ~~?clndrng an) d~lly 

:aiithi~rt;.cd cotnmfttee tlierctif 

"/~lltli;~li) L/LC'' i~~e:t~~i any day except Sarurda;;, Siintiay and dn)i cidj on it iltcll banking 

lnlttiritions I~I the State of \car, !'off( gc~~erclllj are akitl1r~rj7cd or lecjulred by In\\ or atthcr 

got ~'~ilini.r?t-al ,tctrtrtas to ~k9irc. 

'-f i?r7;pLu?t+" Ifli";irlc, rhc Pcrior? rr ho\c naini., corpor,itc or othcs or-g,.r1117atro11,li ~OI-113 ,tr.;cl 

jurtidictron ctf otganr/at~or~ IS set fi11~l1 In Itctit 1 of Scf~cdtiie A hcrcro 
UST Sequence Number: 885 

*'Et'c'h~r't?ge '-Ic r" means the Securities Exchange Act of 1934, as amended, or an> 

succehsor statute. and the nrles and regulations protnulgated thereuiider. 

"-1i.vercirc~ Pric>e" tneans the alnotlnt set fos-th in Item 2 of Schedule A herctn. 

"Erj7irirfiorz Time" has the meanlng set forth in Sectioti 3. 

''i\'rz[e Date " ineans the date set fcjrtii in I tetrt 3 of Schedule '4 hereto. 

'.tiqtfidilfio~ .I~T?L?o~~Lz~" means the a~nvilnt set forth it1 Itern 4 of Schedule A hercto 

-'Of-igiiltxl bl-;rr-iwurt~ro/dt~~" means the Cnrtcd States Depaflinent of the Treasury. Any 

actions specitled to be taken by the Original Warrantholder hereunder may o111) be taken by such 

Person and not by any other Warraittlic~lder. 

"Per%on"' has the meanlt-tg given to ~t in Section 3(a)('3) of the Exchange 'Act and as used 

In Sections 13(d)(3) and 14(d)(3) of the Exchange Act. 

"Preferred Stoc4? tneans the series of perpetual preferred stock set forth 111 Item 5 of 

Schediile ,A hereto. 

"Pzrr~*h~wr Agreement" ineans the Securities Purchase Agreeineiit - Standard Tesms 

incorporated into the Letter Agreement, dated as of the date set forth in Itein 6 of Scl~edule A 

hereto, as ainended li-om time to tiiile, between the Company and the United States Department 

of the Treasurj (the "Letter ,4greetner~t"), i~icludrng all annexes and schedules thereto. 

'Tc~g~il~r~or;~ .;lj~pt-ovirl.\" with respect to the Cliarrantholder, means, to the extent 

applicable and required to permit the Warrantholder to exercise this Wa~~ant for shares of 

Preferrecl Stock and tu ow11 such Preferred Stock withorrt the ?Vaflrantholder being in violation of 

ai7pl1mble law, rule or regulat~on. the receipt of any necessary appro\ als and authorizations oc 

filings and registrations with, notifications to, or expiratton or tertl1iciation of any applicable 

waiting period under, the t-lart-Scott-Rodin Antitrust I~~iprovemenrs Act of 1976, as amended, 

and thz rules and regulatrons thereunder. 

"SEt"' means the G.S. Secllritres and Exchange Commlssron. 

"5'ec r!l-ltriir . li-t'. incarts the Securrtrei Act of 1933. a\ arnetldt.4, or IS^ itlcce-.sor startile. 

ztrld the rules aird rcgularrons prontulgated thc.reur~<ler. 

-'IE;ri-i-rrr?:*' tneans thtt Warrant. tssucd pursuant to the Purel-ia\c Agreei~~cr-rt. 

7 

-. Vulllbcr ofSkarc\: Lxcrcisc Prtce, 7111s ct"rl~J-jcs tllat, fix t afui' rcCcr\ccl. tlx 

Cnltcd States Ifcparti~~ent ofthc 1"reasrtr-j or its perrntrtecl asiigt~i\ (the '"fliri~r~r~zr~~rii~lt~i~~~i I\ 

entltfcd, ii]nr)n the tcs1114 iirl~f "rlhject to the ~r)itditl~n% herctn;tAer ict fittth, to ~C~EIITC fro111 the 
UST Sequence Number: 885 

Company, in 1% hole or in part. after the rece~pt of all applrcable Regulatoq Appro\ 81s. ~f any, up 

to an aggregate ofthe nuil-tber of fully pad and nonassessable shares of Prekrred Stock set forth 

in Item 7 of Schedule A hereto (the "Sl~criz~c"), at a purchase price per s11are of Preferred Stock 

equal to the Elcerclse Price. 

3. Exercise of Warrant: Tern. Subject to Scction 2. to the extent perrnttted by 

applicable la~t s and regulatiotls, the right to purchase the Shares represented by thts Warmnt is 

exercisable. in whole or in part by the U anantholder, at any tinle or froin time to time after the 

execution and delivery of thrs tVarrant by the Coinpany on the date hereof, but in no event later 

than 5:00 p.m., New York City time on the tenth annilersary of the Issue Date (the "Ew~/~ir.citioit.t7 

Ti~.tle''), by (A) the surrender of this Warrant and Notice of Exercise annexed hereto. duly 

co~npleted and executed on behalf of the Warrantholder, at the principal exceutive office of the 

Company located at the address set fosth in Itern 8 of Schedule A hereto (or such other office or 

agency of the Co~npanq in the United States as it tnay designate by ncttlce in \vritrng to the 

%'arrantholder at the address of the Wanantholder appearing on the books of the Company), and 

(B) payment of the Exercise Price for the Sllares thereby purchased, by I~aving the Coinpanq 

1% ithhoid, from the shares of Preferred Stock that would otherwise be deli\rered to the 

Warrantholder upon such exercise, sllares of Preferred Stock issuable upon exercise of the 

Warrant with an aggregate Liquidation Xlnount equal in xalue to the aggregate Exercise Price as 

to ~vhtch this Warrant is so exercised. 

If the Miaxantholder does not exercise this Warrant in its entirety, the 

U'arrantliolder will be entitled to receive from the Coinpany wrthin a reasonable time. and in any 

elent not exceeding three business days, a new uarrant in substantially identical fonn for the 

purchase of that number of Shares equal to the difference betxvcen the nurnber of Shares subject 

to this Warrant and the number of Shares as to \\ llich this ijian-ant 1s so exercised. 

Notnithsiandiug arlything in this Wanant to the contrav, the t;lia17-antholder hereby 

acknou ledges and agrees that Its exercise of thls M'arrant for S11ares IS subject: to the condition 

that the L$iarrantholder wrll have first recei\ ed any appl~cable Regulato~ Appro\ als. 

4. Issuance of Shares; Authorrzation. Certificates for Shares issued upon exerclse of 

thts Wanant ~111 be ~ssued tn such name or natnes as the Warrantholder may destgnate and cvrll 

be delt~ered to such named Person or Persolls t;t lthin a reasot~abte time, nor to exceed rllrec 

hu\~nesc days after the date on ~hich thts Wanant has been duly exerc~sed rn accordance tli ith 

the retlrrs ofrh~s Warrant. The Company l~creby represents and uarratltr that any Shares ~ssu~ld 

upon the exercise of thts U7arrant rrr acc.orctia~tce 5~1th the prokisionb of Sectron 3 n tit be duly and 

.i atldl? autB1or17cd and ~ssued, fully paxi ancf nollassesiable and fke ~~CHII 311 taxes, llen~s and 

charge\ (other than Ircns or cllargcc ercatksd I?> tl-rr M al~antholdcr. IIICC)ITII" and r'ranchlsc tale\ 

ancuwcci 111 crinilectlol? LX, lrh thc ~YZTCI~C' iff ti-re Wan-ar~r or taxes 111 re\pect of ariy tlai~sfer 

occum~tg ct;lrrtemporaneo~isIy tbcre~ it!? I, Tilt. C o~~tpa~?y agrees that the Shdrei \o ~\iticd "~v ill be 

deemed to hnt e been issiied to the V1. arrantholder as ctfthc clo4e of'bustnc.\~ 011 the date on u hich 

thth Wanant and l~aq~nent itfrhe kxerctsc Pr~ce rlrc delrtcred ti, the C ompatly in accordance tk1t11 

rl~c tcr~~li of thl",$ :il-~tr~t, tf~>tiri ~thstttndt~~g that the stctck trit11slt.r boobi of the C'ttinpany tnay 

then be clo\cd or certrilcari.~ rcpre\erttrtlg suc11 Sharcc tnay not be cictunllj deli; creci on 4ucl1 

date f he Company cli tll at all tltnei, rccer\ c and keep asra~lable, c3ut of 11s authorr7cct hut 

utltss~ied prckrrcd stock, ht>lcf> fitr the purpcrbc of pros icling 5.11- the txerclsc of tills U'arrlint, rhc 

;rggrcg,ltc ntlti~hcr oi"\hare\ ttf Pf-cfel-I-ccl Stoch then rcwable tipor1 CYL"ICI\C of tl~i", Uilr~ant 3t 
UST Sequer-tce Number: 885 

time. Tilt: Tomi~any ct ill use reasortable best efforls to ensure that the Shares ma? be tssued 

t%~tItout volation of any applicable latt or regulat~on or of any requlrctnent of an5 sccurttles 

excilange or1 uh~ch the Shares are ltsted or traded. 

-.5 No Rights as Stockholders; Transfer Books. This Warrant ~loes nor ent~tle the 

Warranrl~older to any votlng r~ghts or other r~ghts as a stocklioIder of the Company prtor to the 

date of exerc~se hereof. The Company will at no t~~ne close ~ts tranbfer books against transfer of 

thrs byanant 111 any i1laPrner ~trh~ch Interferes wtth the tiinel> exerclse of thrs 'A amant. 

6. Charges, Taxes and Ex~enses. Issuance of certtficates for Shares to the 

\Varrantholdcr upon the exerase of this Warrant shall be ~nade M ithout charge to the 

\Varrantliolder for any issue or transfer tau or otl~cr iticidental expense in respect of the issuance 

of such certit"lates, all of tthich taxes and expenses shall be pa~d by the Company. 

(A) Subject to colnpliance \kith clause (B) of this Section 7. th~s \Varrant and all rights 

hereunder are transferable, in wliole or in part, upon the books of the Company by the registered 

holder hereof i11 person or by duly autl~orized attorney. and a necx .vl arrant shall be made and 

delivered by the Company, of the same tenor and date as thrs %'arrant but registered In the nataie 

of one or Inore transferees, upon surrender of this Warrant. duly endorsed, to the office or agency 

of the Company described in Section 3. All expenses (other than stock transfer taxes) and other 

charges payable in connection with the preparation. execution and delivery of the new tvan-ants 

pursualzt to tl~js Section 7 shall be paid by the Company. 

(B) The transfer of the Wamant and the Shares issued upon exercise of the Warrant 

are subject to the restrictions set forth in Section 3.4 ofthe P~~rchase Agreelnent. If and for so 

long as required bq the Purchase Agreetnent. thls Waira~it shall contain the legends as set fortla in 

Section 4.2la) of ttre Purchase Agreernent. 

8. Exchange and Reglstrv of Warrant. This Warrat~t IS excliangeable. upon the 

surrender hereof by the N'an-antholder to the Cotnpany, for a nen uarrant or t~ al-rants of like 

tenor and representillg the right to purchase tile same aggregate nu~~tber of Shares. The 

Cotnpany shall ~~iattitaln a registry shocv~tag the name and address of thc Waftrantl?oldcr a< the 

reglstcred holder of rl~zs Wanant. This IYan-ant may br: suner~dercd for euchanige or cxcrcrse In 

accclrdanci. rth ~ts tetlni, at the ctI-'f'Ecc of the Cornpan?, dn~I the Ct)nnpan? \ha11 be etatrtlecl to 

tef? In ;ill respects, pr~or to ttr~ttcn notice tc3 tlre eontrarqi, upon such regtstr-y 

9 La,\\. Titeft, Desiruct.ion or hlutrlatron of ti1ananr Cpon receipt b> tI~c Coinpan! 

of ct ~dci~ce rt"ili~~~~ihl> i,rtiikictorly tit it of :he lo\>, theft, deirrnctron or rn~titLntron rrf'thrs 

Wan-,int, anti In the caw ofztny it1t.h lois. ttlet? or ttestruct~oir. upoil recctpr ofa bond, rnrfetnnrty 

ctr iecrrr~ty rcasott;lbiy 53tliEictory to rht Company, or. III ttre case of any \tlcli ta~uttfiltnon. upon 

burrender and canccllat~or~ oftlm %arrant, the Company shall makc anci tleli\cr. In i~cu of iuclt 

Ictst, itofcn. ticstrc.t>cd or rtliittlated Warrant, 'i ~ICS~ W;LT~'~IIC of Ilhc ter~or ,inti i~l~ii'ectit~ug the 

t tght to purcl~a,e the td~nc" 'lggregatc ~itlil~ber of Sftares d:, pi<)\ tcfed fix 111 iluch IOST, itolct~, 

dektroyed or mutt tatcd M drrant 
UST Sequence Number: 885 

10. Saturdays, %ndat.s, tiolidavs, etc. If the last or appointed clay for the tatilng of 

any action or the expiratton of any right required or granted l~erein shall not be a busines:, day, 

then such actlot1 may be taken or sttch right inay be euercrsed on the next srlcceeding daq that 1s 

a bustness day. 

I 1. Rule 133 Infoniiatrort. The Coiilpany covenants ttiat it will use tts reasonable best 

efforts to timely f'ile all reports and other docurnentc reyutred to be filed bj it under the 

Securrties Act arld the Exchange Act and the rules and regulations promulgated b) the SEC 

thereunder (or, 11' the Cot~lpany is not requlrecl to file such reports, It i% 111, upon the request of any 

LVarranthoIder, make publicly available such ini"uixi1ation as necessary to pennit sales pursuacit to 

Rule 133 under the Securitres Act), and it iv1l1 use reasortable best efforts to take such tiirther 

act1011 as anj Il'arrantholder tnay reasonably request, rn each case to tlie extent required from 

time to tlnie to enable si~h holder to. if perm~tted by tlie ternis of this Wawant and the Purchase 

Agreement. sell this Wanatit ivithout regtitration under the Secur~ties Act firthin the I~m~tatiot~ 

of the exetnptio~is prowded by (A) Rule 134 under the Secur~ties Act, as such rule may be 

amended from tltne to trme, or (B) any successor r~lle or regulatton hereafier adopted by tlie 

SEX'. Upon the ivrttteri request of any Lliarrantholder, the Co~npany will del~vsr to such 

LFCIarrantholder a written stateinent that it has coinplied c\ ith sue11 requiretilents. 

12. Adli~stinents and Oti~et- Rrehts. For so lortg as the Original Warrantholifer holds 

thts Brarant or any portlot1 thereof, if any et ent occurs that, In the good faith judgment of the 

Board of Dtrectors of the Compatiy, ~sould require adjustment of the Exereisc Price or number of 

Shares into which this \Varraiit is exerc~sable tn order to fairly and adequately protect tl~e 

purchase rights of the Lt'arrants in accordance with the essent~al intent and prtnclples of the 

P urcilase Agreement and t111s LVarrat~t, then the Board of Dlrectors shall tt~ake sucii adjustments 

in tlie appllcat~on of such proc~sions, in accordance with such essential intent and principles, as 

shall be rcasonablj necessat?, in the good kith oplnion of the Board of Dlrectors. to protect wch 

purchase rlghts as ahresad. 

Whetieter tlie Exercise Price or tl~e number of Shares into ikhich thts Warrant 1s 

e~ercisable shall be adjusted as provided In this Section 13. tlie Coinpany shall foi-thwtth tile at 

the i3"tnctpal oftice of the Company a statement showtng tn reasonable deta11 the facts reqiitring 

such a4ustinent and the kuercise Prrce that ilia11 be in effect ancl the nutlibcr of Share$ Into 

t\htch thts Lt'arrant shall be ciercrsablc after such acfjuitlnent, atid the Cc,inpanq hall also cansc 

3 cop> of such stdten~ertt ro be wnt by matt. fjrst class pctbtage prepatd, to e~cit tZ arranthuldcr at 

tile addrcs., al?pearing 111 the C ompany's record\. 

I3 . The Cor~lpctr~q ti 111 not. b> timclniilncnt of if? Clicirtt"r or thrrtng21 

dnt rc0rgan17at1~>n. tramfer of a>%eti. coi~>oircl,itlon, merger, dli,olrrtlo~?. riwe or \ale of 

~iactaritic~ orany other t oltlatary dcttc111, ;I\ old or seek tt:, ,I-\ old tile ~~b\crx~tnce or per fo~~l~dt~i'i: of 

Lrnq of the terinl to he uhscrk ec3 or perfonncd ficrerit~dcr by the Company, but kt 1I1 at all t~~zlc, in 

gcjod fti~th akirat 111 the cart31ng out of ail the p~~>\i~sions of thls Warratit and 111 taklng of all ruth 

:tctlon a\ tnay he nt.cc.t.t,i~y or :ipi>roj>r~tte ~n or~fcr to protect the 1.1~f?i, of tile Wilr.~t~tl~oI~lf~. 

I4 Cit\tefif~tl';l L~B Pl11s Illdnaiit t~ 111 bc goter~led bj and coi~strncd in accorctanice 

~ith the federal IJI\ of rllc United Stcites ~fanci to the extent such la\{ is applicable, anci 

orhcr'rl, I\C 111 ~CCCI~J~~~IL"~ w~th the ICiw Y of tl~c 5tatt. of %L'I.\ \L*or&: ;ippllcablc to io1ttr;rcti na;iife a:ld 
UST Sequence Number: 885 

to be perfor~tted elltlrely wttItin such State. Each of the f ornpany and the Warratttholder agrees 

(a) to sublntt tc3 tlte exclusive jurtsdtctron and venue of the Linited States D~strrct C'uust for the 

Distrtct of Colurnb~a for any c1v11 dctlon, sult or proceeding aristng out of or re1atrng to thts 

$Vanant or the transacttons contemplated hereby, and (b) that notlce rnay be ser\ ed upon the 

Cotnpany at the address rn Section 17 below artd upon the kziarranthotder at the address for the 

A'arantholder set forth tn the registry lnainta~ned by the Company pursualtt to Sectton 8 hereof. 

To the extent perrn~tted bq applicable la\\. each of the Company aild the Warrantholder hereby 

u11condtt1onally waives trial bq jury tn any ctv~legal actlon or proceedtng relatttlg to the 

I+'awant or the transactions contelnplated hereby or thereby. 

15. Btndintr Effect. This \Vanrant shall be btnding upon any successors or assigns of 

the Co~tlpany. 

16. Amendments. This Uvarrant may be amended and the obsert ance of any tenn of 

this Wal-rant inay be u an ed only with the u ritten consent of the Company and the 

Ilial-rantholder. 

17. Notlces. Any notice. request, instruction or other document to be given hereunder 

by any pasty to the other u 111 be In uriting and will be deerned to have been duly given (a) on the 

date of delivery rf delivered personally, or by facsin~rle, upon confjrix~ation ofrecetpt, or (b) on 

the second business day following the date of dispatcl~ if delivered by a recognized next day 

courier service. All notices hereunder shall be delivered as set forth in Itern 9 of Schedule A 

hereto. or pursuant to such other instructions as may be designated in \vriting by the party to 

receit e such notice. 

18. kntire Arrreetnent. This Warrant, the forms attached ltereto and Schedule A 

Itereto (the tenns of w hich are itlcorporated by reference heretn), and the Letter Agrec~nent 

(tncludtng all docu~nents ~ncovorated therern), contain the entire agreement between thc parrtes 

with respect to the subject matter hereof and supersede all prior and conten~pol-~t~~co~~s 

arrangements or unciertakings u ith respect thereto. 
USI Sequence Number: 885 

[Form of Notice of Exercise] 

Date: 

TO: (Company] 

RE: Election to Purchase Prefetred Srock 

The undersigned. pursua~~t to the provrsrons set forth in the attached %'arrant, hereby 

agrees to subscrtbe fur and purchase such number of shares of Preferred Stock cut ered by the 

LZ'arrant stich that after ping effect to an exercise pursuant to Section 3(B) of the LVarranr, the 

undcrs~gned tt 111 rccei\re the net ncmiber of shares of Preferred Stock set fortli below. The 

crndersigned. in accordance uitli Section 3 of the LZ'arrant, hereby agrees to paj the aggregate 

Exercise Price for such shares of Preferred Stock In the manner set forth In Secrion 3f B) of the 

U'arrant . 

Number of S11ares of Preferred Stock: ' 

The undersigned agrees that it is exercising the attached Warrant in full and that, upon 

receipt by the undersigrred of the nunlber of sliares of Preferred Stock set forth abo~ e, such 

Warrant shalt be deemed to be cancelled and sun-endered to the Company. 

1 {older: 

By : 

Kame: 

Title: 
UST Sequence Number: 885 

IK l"c1TKESS WIlEREOlr, the Cornpany has cattsed rhls lj'arrant to be duly eueciited by 

a duly authorired off?ccr. 

Dated: 

By: 

Name: 

Title: 

Attest: 

By: 

Same: 

Title: 

[Signature Page to Warrant1 

UST Sequence Edurnbor 885 

{'tttltact for C'orlfi rmaticln of \'+ ire Infor~nilti~?fi: 

Eric A Gardey 

.ZR,1, *iu tn her: 

Bank: Alpine Bar-rk 

-1ccrtunt %:#me: 4lp:ne Banks of Co!crctdo 

-\ccittlnt h tlmhcr: 

Ltenct?ciarj : Alprr;e 
UST Sequence N~imber 585 

S('f tf-:l)t t.E R 

~)~sf\fit$iditl~. 106,539 shares oi which 53 840 are Ciass A Common Stock jvotrrlg) and 106 539 are Class B Common 

Stoc~ (ncn-t.otii<gi 

$i~bjcct to V,LIFI-:I~L\. O~~KVI\. ct)r\\cl-~ii)ic 

I<crn,~~t~in$ nt~~tl~r-rrcd hi11 ~ilil\\~li3(i 93,461 shares of which 46 160 arc Class A Common Stock and 1.7 301 are Class B 

Corxrnon Stock 

S!1:11 c\ l\\I.i~i! 'ifrcl- ("<i~~~t:lli/Li~~~~ll 11:11c {oil~cl- 

~IMII pt~~-,li:iilr to o Lirt-:i~~t,q ~pt I<)II,. 

con$ ~ltthlc \CCLI~I~IC\. <ti. 33 ict fi)~ th 

abo\ i. 1. None 

- Iit~c.1kl-rcd Stc!c.h . -+ - - - - - 

[':ir L :iiuc": No par valuc 

I lltlllfii: 10Q.OUii 

)ut.;f:%~l~ling ibq SC~IL'": -0- 

- I iC: -0- 

Itzt~i:ii~li~ig Li?~~ilrii.~rccl lll~t ii!;i>,l~cii: N 'A 
UST Sequence Number. 885 

SCHEDULE C 

LITIGATION 

List ally exceptions to the representation and Marranty in Section 2.2(1t of the Stcur~tics 

Purchase Agreement - Standard Tertns. 

If none, please so indicate by checking the box: (g 
UST Sequence Number: 885 

SCHEDULE; D 

List any exceptions to tfte rcpresentatiotl and warranty 111 the second sentence of Section 2.3(in) 

of the Secunt~cs Purchase -4greelnent - Standard Tcrms. 

If none, please so indicate by checking the box: 'H. 

List any exceptions to the representation and warranty in the last sentence of Section 2.2(1n) of 

the Securities Purchase Agreement - Standard Terms. 
UST Sequence Number 885 

SCHEDULE E 

L~st any e\icel>tions to the rcpreselltatlon and tvanat~ty in Section 2.2(s) of the Secitrrtics 

Purchase 'Agreement - Stai~dard Terins. 

If nor:c, please so itldictrte by checking the box: X. 
The Decernber 3 1. 2008 tinai~clal stateille~lrs are not >et completed and s, rll be pro\ rded to the 

Incestor prornptly u hen a\atlable. Tile rernalnlng Compat~y F~nallcral Stntemet-tts that tiel-e 

Pret ~ously lf~sclvsed p~irsLtanto Scct~on 2.2(h) ofthe Secur~trec; P~~rchase Agreement - Srartciard 

Terms are attached hereto.