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Exhibit 10.2  




AMENDED
AND RESTATED TRUST AGREEMENT 


among 


GEORGIA
BANCSHARES, INC.,

as Depositor 


WILMINGTON
TRUST COMPANY,

as Property Trustee 


WILMINGTON
TRUST COMPANY,

as Delaware Trustee 


and



THE
ADMINISTRATIVE TRUSTEES NAMED HEREIN

as Administrative Trustees 




Dated
as of September 29, 2004 


GEORGIA
BANCSHARES CAPITAL TRUST I 










  



 
 

TABLE OF CONTENTS    
    



	 
	 	 
	 	Page

	

ARTICLE I. Defined Terms	
 	

1
	 	SECTION 1.1.	 	Definitions.	 	1
	

ARTICLE II. The Trust	
 	

8
	 	SECTION 2.1.	 	Name.	 	8
	 	SECTION 2.2.	 	Office of the Delaware Trustee; Principal Place of Business.	 	8
	 	SECTION 2.3.	 	Initial Contribution of Trust Property; Fees, Costs and Expenses.	 	9
	 	SECTION 2.4.	 	Purposes of Trust.	 	9
	 	SECTION 2.5.	 	Authorization to Enter into Certain Transactions.	 	9
	 	SECTION 2.6.	 	Assets of Trust.	 	11
	 	SECTION 2.7.	 	Title to Trust Property.	 	11
	

ARTICLE III. Payment Account; Paying Agents	
 	

11
	 	SECTION 3.1.	 	Payment Account.	 	11
	 	SECTION 3.2.	 	Appointment of Paying Agents.	 	12
	

ARTICLE IV. Distributions; Redemption	
 	

12
	 	SECTION 4.1.	 	Distributions.	 	12
	 	SECTION 4.2.	 	Redemption.	 	14
	 	SECTION 4.3.	 	Subordination of Common Securities.	 	16
	 	SECTION 4.4.	 	Payment Procedures.	 	16
	 	SECTION 4.5.	 	Withholding Tax.	 	17
	 	SECTION 4.6.	 	Tax Returns and Other Reports.	 	17
	 	SECTION 4.7.	 	Payment of Taxes, Duties, Etc. of the Trust.	 	17
	 	SECTION 4.8.	 	Payments under Indenture or Pursuant to Direct Actions.	 	17
	 	SECTION 4.9.	 	Exchanges.	 	17
	 	SECTION 4.10.	 	Calculation Agent.	 	18
	 	SECTION 4.11.	 	Certain Accounting Matters.	 	19
	 	 	 	 	 





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ARTICLE V. Securities	
 	

19
	 	SECTION 5.1.	 	Initial Ownership.	 	19
	 	SECTION 5.2.	 	Authorized Trust Securities.	 	19
	 	SECTION 5.3.	 	Issuance of the Common Securities; Subscription and Purchase of Notes.	 	19
	 	SECTION 5.4.	 	The Securities Certificates.	 	20
	 	SECTION 5.5.	 	Rights of Holders.	 	20
	 	SECTION 5.6.	 	Book-Entry Preferred Securities.	 	20
	 	SECTION 5.7.	 	Registration of Transfer and Exchange of Preferred Securities Certificates.	 	22
	 	SECTION 5.8.	 	Mutilated, Destroyed, Lost or Stolen Securities Certificates.	 	23
	 	SECTION 5.9.	 	Persons Deemed Holders.	 	23
	 	SECTION 5.10.	 	Cancellation.	 	24
	 	SECTION 5.11.	 	Ownership of Common Securities by Depositor.	 	24
	 	SECTION 5.12.	 	Restricted Legends.	 	24
	 	SECTION 5.13.	 	Form of Certificate of Authentication.	 	26
	

ARTICLE VI. Meetings; Voting; Acts of Holders	
 	

27
	 	SECTION 6.1.	 	Notice of Meetings.	 	27
	 	SECTION 6.2.	 	Meetings of Holders of the Preferred Securities.	 	27
	 	SECTION 6.3.	 	Voting Rights.	 	27
	 	SECTION 6.4.	 	Proxies	 	27
	 	SECTION 6.5.	 	Holder Action by Written Consent.	 	27
	 	SECTION 6.6.	 	Record Date for Voting and Other Purposes.	 	28
	 	SECTION 6.7.	 	Acts of Holders.	 	28
	 	SECTION 6.8.	 	Inspection of Records.	 	29
	 	SECTION 6.9.	 	Limitations on Voting Rights.	 	29
	 	SECTION 6.10.	 	Acceleration of Maturity; Rescission of Annulment; Waivers of Past Defaults.	 	30
	 	 	 	 	 



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ARTICLE VII. Representations and Warranties	
 	

31
	 	SECTION 7.1.	 	Representations and Warranties of the Property Trustee and the Delaware Trustee.	 	31
	 	SECTION 7.2.	 	Representations and Warranties of Depositor.	 	32
	

ARTICLE VIII. The Trustees	
 	

33
	 	SECTION 8.1.	 	Number of Trustees.	 	33
	 	SECTION 8.2.	 	Property Trustee Required.	 	33
	 	SECTION 8.3.	 	Delaware Trustee Required.	 	33
	 	SECTION 8.4.	 	Appointment of Administrative Trustees.	 	34
	 	SECTION 8.5.	 	Duties and Responsibilities of the Trustees.	 	34
	 	SECTION 8.6.	 	Notices of Defaults and Extensions.	 	35
	 	SECTION 8.7.	 	Certain Rights of Property Trustee.	 	36
	 	SECTION 8.8.	 	Delegation of Power.	 	38
	 	SECTION 8.9.	 	May Hold Securities.	 	38
	 	SECTION 8.10.	 	Compensation; Reimbursement; Indemnity.	 	38
	 	SECTION 8.11.	 	Resignation and Removal; Appointment of Successor.	 	39
	 	SECTION 8.12.	 	Acceptance of Appointment by Successor.	 	40
	 	SECTION 8.13.	 	Merger, Conversion, Consolidation or Succession to Business.	 	40
	 	SECTION 8.14.	 	Not Responsible for Recitals or Issuance of Securities.	 	41
	 	SECTION 8.15.	 	Property Trustee May File Proofs of Claim.	 	41
	 	SECTION 8.16.	 	Reports to and from the Property Trustee.	 	41
	

ARTICLE IX. Termination, Liquidation and Merger	
 	

42
	 	SECTION 9.1.	 	Dissolution Upon Expiration Date.	 	42
	 	SECTION 9.2.	 	Early Termination.	 	42
	 	SECTION 9.3.	 	Termination.	 	42
	 	SECTION 9.4.	 	Liquidation.	 	42
	 	SECTION 9.5.	 	Mergers, Consolidations, Amalgamations or Replacements of Trust.	 	44
	 	 	 	 	 





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ARTICLE X. Information to Purchaser	
 	

45
	 	SECTION 10.1.	 	Depositor Obligations to Purchaser.	 	45
	 	SECTION 10.2.	 	Trustee's Obligations to Purchaser.	 	45
	

ARTICLE XI. Miscellaneous Provisions	
 	

45
	 	SECTION 11.1.	 	Limitation of Rights of Holders.	 	45
	 	SECTION 11.2.	 	Agreed Tax Treatment of Trust and Trust Securities.	 	45
	 	SECTION 11.3.	 	Amendment.	 	45
	 	SECTION 11.4.	 	Separability.	 	47
	 	SECTION 11.5.	 	Governing Law.	 	47
	 	SECTION 11.6.	 	Successors.	 	47
	 	SECTION 11.7.	 	Headings.	 	47
	 	SECTION 11.8.	 	Reports, Notices and Demands.	 	47
	 	SECTION 11.9.	 	Agreement Not to Petition.	 	48





	
 Exhibit A	
 	

Certificate of Trust of Georgia Bancshares Capital Trust I
	Exhibit B	 	Form of Common Securities Certificate
	Exhibit C	 	Form of Preferred Securities Certificate
	Exhibit D	 	Junior Subordinated Indenture
	Exhibit E	 	Form of Transferee Certificate to be Executed by Transferees other than QIBs
	Exhibit F	 	Form of Transferee Certificate to be Executed by QIBs
	Exhibit G	 	Form of Officer's Certificate
	Schedule A	 	Calculation of LIBOR




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        AMENDED AND RESTATED TRUST AGREEMENT, dated as of September 29, 2004, among (i) Georgia Bancshares, Inc., a Georgia corporation (including any successors or
permitted assigns, the "Depositor"), (ii) Wilmington Trust Company, a Delaware banking corporation, as property trustee (in such capacity, the "Property Trustee"), (iii) Wilmington Trust
Company, a Delaware banking corporation, as Delaware trustee (in such capacity, the "Delaware Trustee"), (iv) Ira P. Shepherd III, an individual, Malcolm R. Godwin, an individual, and Rick A.
Duncan, an individual, each of whose address is c/o Georgia Bancshares, Inc., 100 Westpark Drive, Peachtree City, Georgia 30296, as administrative trustees (in such capacities, each an
"Administrative Trustee" and, collectively, the "Administrative Trustees" and, together with the Property Trustee and the Delaware Trustee, the "Trustees") and (v) the several Holders, as
hereinafter defined. 


WITNESSETH  


        Whereas, the Depositor, the Property Trustee and the Delaware Trustee have heretofore created a Delaware statutory trust pursuant to the Delaware Statutory Trust
Act, as hereinafter defined, by entering into a Trust Agreement, dated as of September 23, 2004 (the "Original Trust Agreement"), and by executing and filing with the Secretary of State of the
State of Delaware the Certificate of Trust, substantially in the form attached as Exhibit A; and 


        Whereas,
the Depositor and the Trustees desire to amend and restate the Original Trust Agreement in its entirety as set forth herein to provide for, among other things, (i) the
issuance of the Common Securities by the Trust to the Depositor, (ii) the issuance and sale of the Preferred Securities by the Trust pursuant to the Subscription Agreement and (iii) the
acquisition by the Trust from the Depositor of all of the right, title and interest in and to the Notes (as defined herein); 



        Now,
Therefore, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, each party, for the benefit of the other parties and for the benefit of the Holders (as defined herein), hereby amends and restates the Original Trust Agreement in its entirety and
agrees as follows: 


 
 

ARTICLE I.    
    
    DEFINED TERMS    
    


        SECTION
1.1.    Definitions.    


        For
all purposes of this Trust Agreement, except as otherwise expressly provided or unless the context otherwise requires: 



        (a)   the
terms defined in this Article I have the meanings assigned to them in this Article I; 



        (b)   the
words "include", "includes" and "including" shall be deemed to be followed by the phrase "without limitation"; 


        (c)   all
accounting terms used but not defined herein have the meanings assigned to them in accordance with United States generally accepted accounting principles; 


        (d)   unless
the context otherwise requires, any reference to an "Article", a "Section", a "Schedule" or an "Exhibit" refers to an Article, a Section, a Schedule or an
Exhibit, as the case may be, of or to this Trust Agreement; 


        (e)   the
words "hereby", "herein", "hereof" and "hereunder" and other words of similar import refer to this Trust Agreement as a whole and not to any particular Article,
Section or other subdivision; 


        (f)    a
reference to the singular includes the plural and vice versa; and 


        (g)   the
masculine, feminine or neuter genders used herein shall include the masculine, feminine and neuter genders. 




        "Act"
has the meaning specified in Section 6.7. 







 

        "Additional
Interest" has the meaning specified in Section 1.1 of the Indenture. 


        "Additional
Interest Amount" means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a
Like Amount of Notes for such period. 


        "Additional
Taxes" has the meaning specified in Section 1.1 of the Indenture. 


        "Additional
Tax Sums" has the meaning specified in Section 10.5 of the Indenture. 


        "Administrative
Trustee" means each of the Persons identified as an "Administrative Trustee" in the preamble to this Trust Agreement, solely in each such Person's capacity as
Administrative Trustee of the Trust and not in such Person's individual capacity, or any successor Administrative Trustee appointed as herein provided. 



        "Affiliate"
of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For
the purposes of this definition, "control" when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through
the ownership of voting securities, by contract or otherwise; and the terms "controlling" and "controlled" have meanings correlative to the foregoing. 


        "Applicable
Depositary Procedures" means, with respect to any transfer or transaction involving a Book-Entry Preferred Security, the rules and procedures of the Depositary
for such Book-Entry Preferred Security, in each case to the extent applicable to such transaction and as in effect from time to time. 


        "Bankruptcy
Event" means, with respect to any Person: 



        (a)   the
entry of a decree or order by a court having jurisdiction in the premises (i) judging such Person a bankrupt or insolvent, (ii) approving as properly
filed a petition seeking reorganization, arrangement, adjudication or composition of or in respect of such Person under any applicable Federal or state bankruptcy, insolvency, reorganization or other
similar law, (iii) appointing a custodian, receiver,
conservator, liquidator, assignee, trustee, sequestrator or other similar official of such Person or of any substantial part of its property or (iv) ordering the winding up or liquidation of
its affairs, and the continuance of any such decree or order unstayed and in effect for a period of sixty (60) consecutive days; or 


        (b)   the
institution by such Person of proceedings to be adjudicated a bankrupt or insolvent, or the consent by it to the institution of bankruptcy or insolvency proceedings
against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law,
or the consent by it to the filing of any such petition or to the appointment of a custodian, receiver, conservator, liquidator, assignee, trustee, sequestrator or similar official of such Person or
of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become
due and its willingness to be adjudicated a bankrupt or insolvent, or the taking of corporate action by such Person in furtherance of any such action. 




        "Bankruptcy
Laws" means all Federal and state bankruptcy, insolvency, reorganization and other similar laws, including the United States Bankruptcy Code. 



        "Book-Entry
Preferred Security" means a Preferred Security, the ownership and transfers of which shall be made through book entries by a Depositary. 


2







 



        "Business
Day" means a day other than (a) a Saturday or Sunday, (b) a day on which banking institutions in the City of New York are authorized or required by law or
executive order to remain closed or (c) a day on which the Corporate Trust Office is closed for business. 


        "Calculation
Agent" has the meaning specified in Section 4.10. 


        "Capital
Disqualification Event" has the meaning specified in Section 1.1 of the Indenture. 


        "Closing
Date" has the meaning specified in the Placement Agreement. 


        "Code"
means the United States Internal Revenue Code of 1986, as amended. 



        "Commission"
means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act or, if at any time after the execution of this Trust Agreement
such Commission is not existing and performing the duties assigned to it, then the body performing such duties at such time. 


        "Common
Securities Certificate" means a certificate evidencing ownership of Common Securities, substantially in the form attached as  Exhibit B. 


        "Common
Security" means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust
Agreement. 


        "Corporate
Trust Office" means the principal office of the Property Trustee at which any particular time its corporate trust business shall be administered, which office at the date of
this Trust Agreement is located at Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-1600, Attention: Corporate Trust Administration. 


        "Definitive
Preferred Securities Certificates" means Preferred Securities issued in certificated, fully registered form that are not Global Preferred Securities. 


        "Delaware
Statutory Trust Act" means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq., or any successor statute thereto, in each case as amended from
time to time. 


        "Delaware
Trustee" means the Person identified as the "Delaware Trustee" in the preamble to this Trust Agreement, solely in its capacity as Delaware Trustee of the Trust and not in its
individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as herein provided. 


        "Depositary"
means an organization registered as a clearing agency under the Exchange Act that is designated as Depositary by the Depositor or any successor thereto. DTC will be the
initial Depositary. 


        "Depositary
Participant" means a broker, dealer, bank, other financial institution or other Person for whom from time to time the Depositary effects book-entry transfers and
pledges of securities deposited with the Depositary. 


        "Depositor"
has the meaning specified in the preamble to this Trust Agreement and any successors and permitted assigns. 


        "Depositor
Affiliate" has the meaning specified in Section 4.9. 


        "Distribution
Date" has the meaning specified in Section 4.1(a)(i). 



        "Distributions"
means amounts payable in respect of the Trust Securities as provided in Section 4.1. 


        "DTC"
means The Depository Trust Company or any successor thereto. 


        "Early
Termination Event" has the meaning specified in Section 9.2. 


3







 



        "Event
of Default" means any one of the following events (whatever the reason for such event and whether it shall be voluntary or involuntary or be effected by operation of law or
pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 



        (a)   the
occurrence of a Note Event of Default; or 


        (b)   default
by the Trust in the payment of any Distribution when it becomes due and payable, and continuation of such default for a period of thirty (30) days; or 



        (c)   default
by the Trust in the payment of any Redemption Price of any Trust Security when it becomes due and payable; or 


        (d)   default
in the performance, or breach, in any material respect of any covenant or warranty of the Trustees in this Trust Agreement (other than those specified in
clause (b) or (c) above) and continuation of such default or breach for a period of thirty (30) days after there has been given, by registered or
certified mail, to the Trustees and to the Depositor by the Holders of at least twenty five percent (25%) in aggregate Liquidation Amount of the Outstanding Preferred Securities a written notice
specifying such default or breach and requiring it to be remedied and stating that such notice is a "Notice of Default" hereunder; or 



        (e)   the
occurrence of a Bankruptcy Event with respect to the Property Trustee if a successor Property Trustee has not been appointed within ninety (90) days thereof. 




        "Exchange
Act" means the Securities Exchange Act of 1934, and any successor statute thereto, in each case as amended from time to time. 


        "Expiration
Date" has the meaning specified in Section 9.1. 


        "Extension
Period" has the meaning specified in Section 4.1(a)(ii). 



        "Federal
Reserve" means the Board of Governors of the Federal Reserve System, the staff thereof, or a Federal Reserve Bank, acting through delegated authority, in each case under the
rules, regulations and policies of the Federal Reserve System, or if at any time after the execution of this Trust Agreement any such entity is not existing and performing the duties now assigned to
it, any successor body performing similar duties or functions. 


        "Fiscal
Year" shall be the fiscal year of the Trust, which shall be the calendar year, or such other period as is required by the Code. 


        "Global
Preferred Security" means a Preferred Securities Certificate evidencing ownership of Book-Entry Preferred Securities. 



        "Guarantee
Agreement" means the Guarantee Agreement executed and delivered by the Depositor and Wilmington Trust Company, as guarantee trustee, contemporaneously with the execution and
delivery of this Trust Agreement for the benefit of the holders of the Preferred Securities, as amended from time to time. 


        "Holder"
means a Person in whose name a Trust Security or Trust Securities are registered in the Securities Register; any such Person shall be a beneficial owner within the meaning of
the Delaware Statutory Trust Act. 


        "Indemnified
Person" has the meaning specified in Section 8.10(c). 



        "Indenture"
means the Junior Subordinated Indenture executed and delivered by the Depositor and the Note Trustee contemporaneously with the execution and delivery of this Trust
Agreement, for the benefit of the holders of the Notes, a copy of which is attached hereto as Exhibit D, as amended or supplemented from time to
time. 


4







 



        "Indenture
Redemption Price" has the meaning specified in Section 4.2(c). 



        "Interest
Payment Date" has the meaning specified in Section 1.1 of the Indenture. 


        "Investment
Company Act" means the Investment Company Act of 1940, or any successor statute thereto, in each case as amended from time to time. 


        "Investment
Company Event" has the meaning specified in Section 1.1 of the Indenture. 


        "LIBOR"
has the meaning specified in Schedule A. 


        "LIBOR
Business Day" has the meaning specified in Schedule A. 


        "LIBOR
Determination Date" has the meaning specified in Schedule A. 


        "Lien"
means any lien, pledge, charge, encumbrance, mortgage, deed of trust, adverse ownership interest, hypothecation, assignment, security interest or preference, priority or other
security agreement or preferential arrangement of any kind or nature whatsoever. 



        "Like
Amount" means (a) with respect to a redemption of any Trust Securities, Trust Securities having a Liquidation Amount equal to the principal amount of Notes to be
contemporaneously redeemed or
paid at maturity in accordance with the Indenture, the proceeds of which will be used to pay the Redemption Price of such Trust Securities, (b) with respect to a distribution of Notes to
Holders of Trust Securities in connection with a dissolution of the Trust, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities of the Holder to whom such Notes are
distributed and (c) with respect to any distribution of Additional Interest Amounts to Holders of Trust Securities, Notes having a principal amount equal to the Liquidation Amount of the Trust
Securities in respect of which such distribution is made. 


        "Liquidation
Amount" means the stated amount of $1,000 per Trust Security. 


        "Liquidation
Date" means the date on which assets are to be distributed to Holders in accordance with Section 9.4(a) hereunder
following dissolution of the Trust. 


        "Liquidation
Distribution" has the meaning specified in Section 9.4(d). 



        "Majority
in Liquidation Amount of the Preferred Securities" means Preferred Securities representing more than fifty percent (50%) of the aggregate Liquidation Amount of all (or a
specified group of) then Outstanding Preferred Securities. 


        "Note
Event of Default" means any "Event of Default" specified in Section 5.1 of the Indenture. 


        "Note
Redemption Date" means, with respect to any Notes to be redeemed under the Indenture, the date fixed for redemption of such Notes under the Indenture. 



        "Note
Trustee" means the Person identified as the "Trustee" in the Indenture, solely in its capacity as Trustee pursuant to the Indenture and not in its individual capacity, or its
successor in interest in such capacity, or any successor Trustee appointed as provided in the Indenture. 


        "Notes"
means the Depositor's Floating Rate Junior Subordinated Notes issued pursuant to the Indenture. 


        "Office
of Thrift Supervision" means the Office of Thrift Supervision, as from time to time constituted or, if at any time after the execution of this Trust Agreement such Office is not
existing and performing the duties now assigned to it, then the body performing such duties at such time. 



        "Officers'
Certificate" means a certificate signed by the Chief Executive Officer, the President or an Executive Vice President, and by the Chief Financial Officer, Treasurer or an
Assistant Treasurer, of the Depositor, and delivered to the Trustees. Any Officers' Certificate delivered with respect to 


5







 

compliance
with a condition or covenant provided for in this Trust Agreement (other than the Officers' Certificate provided pursuant to  Section 8.16(a)) shall include: 



        (a)   a
statement by each officer signing the Officers' Certificate that such officer has read the covenant or condition and the definitions relating thereto; 


        (b)   a
brief statement of the nature and scope of the examination or investigation undertaken by such officer in rendering the Officers' Certificate; 


        (c)   a
statement that such officer has made such examination or investigation as, in such officer's opinion, is necessary to enable such officer to express an informed
opinion as to whether or not such covenant or condition has been complied with; and 


        (d)   a
statement as to whether, in the opinion of such officer, such condition or covenant has been complied with. 




        "Operative
Documents" means the Placement Agreement, the Indenture, the Trust Agreement, the Guarantee Agreement, the Subscription Agreement, the Notes and the Trust Securities. 


        "Opinion
of Counsel" means a written opinion of counsel, who may be counsel for, or an employee of, the Depositor or any Affiliate of the Depositor. 


        "Original
Issue Date" means the date of original issuance of the Trust Securities. 


        "Original
Trust Agreement" has the meaning specified in the recitals to this Trust Agreement. 


        "Outstanding",
when used with respect to any Trust Securities, means, as of the date of determination, all Trust Securities theretofore executed and delivered under this Trust Agreement,
except: 



        (a)   Trust
Securities theretofore canceled by the Property Trustee or delivered to the Property Trustee for cancellation; 


        (b)   Trust
Securities for which payment or redemption money in the necessary amount has been theretofore deposited with the Property Trustee or any Paying Agent in trust for
the Holders of such Trust Securities; provided, that if such Trust Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Trust Agreement; and 


        (c)   Trust
Securities that have been paid or in exchange for or in lieu of which other Trust Securities have been executed and delivered pursuant to the provisions of this
Trust Agreement, unless proof satisfactory to the Property Trustee is presented that any such Trust Securities are held by Holders in whose hands such Trust Securities are valid, legal and binding
obligations of the Trust; 




provided,
that in determining whether the Holders of the requisite Liquidation Amount of the Outstanding Preferred Securities have given any request, demand, authorization, direction, notice, consent
or waiver hereunder, Preferred Securities owned by the Depositor, any Trustee or any Affiliate of the Depositor or of any Trustee shall be disregarded and deemed not to be Outstanding, except that
(i) in determining whether any Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Preferred Securities that such
Trustee knows to be so owned shall be so disregarded and (ii) the foregoing shall not apply at any time when all of the Outstanding Preferred Securities are owned by the Depositor, one or more
of the Trustees and/or any such Affiliate. Preferred Securities so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the
Administrative Trustees the pledgee's right so to act with respect to such Preferred Securities and that the pledgee is not the Depositor, any Trustee or any Affiliate of the Depositor or of any
Trustee. 


        "Owner"
means each Person who is the beneficial owner of Book-Entry Preferred Securities as reflected in the records of the Depositary or, if a Depositary Participant is not
the beneficial owner, then the beneficial owner as reflected in the records of the Depositary Participant. 


6









  





        "Paying Agent" means any Person authorized by the Administrative Trustees to pay Distributions or other amounts in respect of any Trust Securities on behalf of the Trust. 



        "Payment
Account" means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid
in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections
3.1, 4.1 and 4.2. 


        "Person"
means a legal person, including any individual, corporation, estate, partnership, joint venture, association, joint stock company, company, limited liability company, trust,
unincorporated association or government, or any agency or political subdivision thereof, or any other entity of whatever nature. 



        "Placement
Agent" means SunTrust Capital Markets, Inc., as Placement Agent pursuant to the Placement Agreement, whose address is 303 Peachtree Street, 24th Floor, Mail Code 3950,
Atlanta, Georgia 30308. 


        "Placement
Agreement" means the Placement Agreement, dated as of [Date of Placement Agreement], executed and delivered by the Trust, the Depositor and SunTrust
Capital Markets, Inc., as placement agent. 


        "Preferred
Security" means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust
Agreement. 


        "Preferred
Securities Certificate" means a certificate evidencing ownership of Preferred Securities, substantially in the form attached as  Exhibit C. 


        "Property
Trustee" means the Person identified as the "Property Trustee" in the preamble to this Trust Agreement, solely in its capacity as Property Trustee of the Trust and not in its
individual capacity, or its successor in interest in such capacity, or any successor Property Trustee appointed as herein provided. 



        "Purchaser"
means STI Investment Management, Inc., as purchaser of the Preferred Securities pursuant to the Subscription Agreement, whose address is 2202 Polly Drummond Office
Park, Newark, Delaware 19711. 


        "QIB"
means a "qualified institutional buyer" as defined in Rule 144A under the Securities Act. 


        "Redemption
Date" means, with respect to any Trust Security to be redeemed, the date fixed for such redemption by or pursuant to this Trust Agreement; provided, that each Note Redemption
Date and the stated maturity (or any date of principal repayment upon early maturity) of the Notes shall be a Redemption Date for a Like Amount of Trust Securities. 



        "Redemption
Price" means, with respect to any Trust Security, the Liquidation Amount of such Trust Security, plus accumulated and unpaid Distributions to the Redemption Date, plus the
related amount of the premium, if any, paid by the Depositor upon the concurrent redemption or payment at maturity of a Like Amount of Notes. 


        "Reference
Banks" has the meaning specified in Schedule A. 


        "Responsible
Officer" means, with respect to the Property Trustee, any Senior Vice President, any Vice President, any Assistant Vice President, the Secretary, any Assistant Secretary,
the Treasurer, any Assistant Treasurer, any Financial Services Officer or Assistant Financial Services Officer or any other officer of the Corporate Trust Department of the Property Trustee and also
means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of that officer's knowledge of and familiarity with the particular subject. 


7







 



        "Securities
Act" means the Securities Act of 1933, and any successor statute thereto, in each case as amended from time to time. 


        "Securities
Certificate" means any one of the Common Securities Certificates or the Preferred Securities Certificates. 


        "Securities
Register" and "Securities Registrar" have the respective meanings specified in Section 5.7. 


        "Special
Event Redemption Price" has the meaning specified in Section 11.2 of the Indenture. 



        "Subscription
Agreement" means the Preferred Securities Subscription Agreement, dated as of September 29, 2004, by and among the Company, the Trust, the Purchaser and SunTrust
Capital Markets, Inc. (as to certain provisions thereof). 


        "Successor
Securities" has the meaning specified in Section 9.5(a). 


        "Tax
Event" has the meaning specified in Section 1.1 of the Indenture. 


        "Trust"
means the Delaware statutory trust known as "Georgia Bancshares Capital Trust I," which was created on September 27, 2004, under the Delaware Statutory Trust Act pursuant
to the Original Trust Agreement and the filing of the Certificate of Trust, and continued pursuant to this Trust Agreement. 


        "Trust
Agreement" means this Amended and Restated Trust Agreement, including all Schedules and Exhibits, as the same may be modified, amended or supplemented from time to time in
accordance with the applicable provisions hereof. 


        "Trustees"
means the Administrative Trustees, the Property Trustee and the Delaware Trustee, each as defined in this Article I. 



        "Trust
Property" means (a) the Notes, (b) any cash on deposit in, or owing to, the Payment Account and (c) all proceeds and rights in respect of the foregoing and
any other property and assets for the time being held or deemed to be held by the Property Trustee pursuant to the trusts of this Trust Agreement. 


        "Trust
Security" means any one of the Common Securities or the Preferred Securities. 


 
 

ARTICLE II.    
    
    THE TRUST    
    


        SECTION
2.1.    Name.    


        The
trust continued hereby shall be known as "Georgia Bancshares Capital Trust I," as such name may be modified from time to time by the Administrative Trustees following written notice
to the Holders of Trust Securities and the other Trustees, in which name the Trustees may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and
sue and be sued. 


        SECTION
2.2.    Office of the Delaware Trustee; Principal Place of Business.    


        The
address of the Delaware Trustee in the State of Delaware is Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-1600, Attention: Corporate Trust
Administration, or such other address in the State of Delaware as the Delaware Trustee may designate by written notice to the Holders, the Depositor, the Property Trustee and the Administrative
Trustees. The principal executive office of the Trust is c/o Georgia Bancshares, Inc., 100 Westpark Drive, Peachtree City, Georgia 30269, Attention: Chief Financial Officer, as such address may
be changed from time to time by the Administrative Trustees following written notice to the Holders and the other Trustees. 


8







 



        SECTION
2.3.    Initial Contribution of Trust Property; Fees, Costs and Expenses.    



        The
Property Trustee acknowledges receipt from the Depositor in connection with the Original Trust Agreement of the sum of ten dollars ($10), which constituted the initial Trust
Property. The Depositor shall pay all fees, costs and expenses of the Trust (except with respect to the Trust Securities) as they arise or shall, upon request of any Trustee, promptly reimburse such
Trustee for any such fees, costs and expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such fees, costs or expenses. 


        SECTION
2.4.    Purposes of Trust.    



        (a)   The
exclusive purposes and functions of the Trust are to (i) issue and sell Trust Securities and use the proceeds from such sale to acquire the Notes, and
(ii) engage in only those activities necessary or incidental thereto. The Delaware Trustee, the Property Trustee and the Administrative Trustees are trustees of the Trust, and have all the
rights, powers and duties to the extent set forth herein. The Trustees hereby acknowledge that they are trustees of the Trust. 


        (b)   So
long as this Trust Agreement remains in effect, the Trust (or the Trustees acting on behalf of the Trust) shall not undertake any business, activities or transaction
except as expressly provided herein or contemplated hereby. In particular, the Trust (or the Trustees acting on behalf of the Trust) shall not (i) acquire any investments or engage in any
activities not authorized by this Trust Agreement, (ii) sell, assign, transfer, exchange, mortgage, pledge, set-off or otherwise dispose of any of the Trust Property or interests
therein, including to Holders, except as expressly provided herein, (iii) incur any indebtedness for borrowed money or issue any other debt, (iv) take or consent to any action that would
result in the placement of a Lien on any of the Trust Property, (v) take or consent to any action that would reasonably be expected to cause the Trust to become taxable as a corporation or
classified as other than a grantor trust for United States federal income tax purposes, (vi) take or consent to any action that would cause the Notes to be treated as other than indebtedness of
the Depositor for United States federal income tax purposes or (vii) take or consent to any action that would cause the Trust to be deemed to be an "investment company" required to be
registered under the Investment Company Act. 




        SECTION
2.5.    Authorization to Enter into Certain Transactions.    



        (a)   The
Trustees shall conduct the affairs of the Trust in accordance with and subject to the terms of this Trust Agreement. In accordance with the following provisions
(i) and (ii), the Trustees shall have the authority to enter into all transactions and agreements determined by the Trustees to be appropriate in exercising the authority, express or implied,
otherwise granted to the Trustees, under this Trust Agreement, and to perform all acts in furtherance thereof, including the following: 



        (i)    As
among the Trustees, each Administrative Trustee shall severally have the power and authority to act on behalf of the Trust with respect to the following matters: 



        (A)  the
issuance and sale of the Trust Securities; 


        (B)  to
cause the Trust to enter into, and to execute, deliver and perform on behalf of the Trust, such agreements as may be necessary or desirable in connection with the
purposes and function of the Trust,
including, without limitation, a common securities subscription agreement and a junior subordinated note subscription agreement and to cause the Trust to perform in accordance with the Placement
Agreement and the Subscription Agreement; 


        (C)  assisting
in the sale of the Preferred Securities in one or more transactions exempt from registration under the Securities Act, and in compliance with applicable state
securities or blue sky laws; 





9







 






        (D)  assisting
in the sending of notices (other than notices of default) and other information regarding the Trust Securities and the Notes to the Holders in accordance with
this Trust Agreement; 


        (E)  the
appointment of a Paying Agent and Securities Registrar in accordance with this Trust Agreement; 


        (F)  execution
of the Trust Securities on behalf of the Trust in accordance with this Trust Agreement; 


        (G)  execution
and delivery of closing certificates, if any, pursuant to the Placement Agreement and application for a taxpayer identification number for the Trust; 


        (H)  preparation
and filing of all applicable tax returns and tax information reports that are required to be filed on behalf of the Trust; 



        (I)   establishing
a record date with respect to all actions to be taken hereunder that require a record date to be established, except as provided in  Section 6.10(a); 


        (J)   unless
otherwise required by the Delaware Statutory Trust Act, to execute on behalf of the Trust (either acting alone or together with the other Administrative Trustees)
any documents that such Administrative Trustee has the power to execute pursuant to this Trust Agreement; and 



        (K)  the
taking of any action incidental to the foregoing as such Administrative Trustee may from time to time determine is necessary or advisable to give effect to the terms
of this Trust Agreement. 




        (ii)   As
among the Trustees, the Property Trustee shall have the power, duty and authority to act on behalf of the Trust with respect to the following matters: 



        (A)  the
receipt and holding of legal title of the Notes; 


        (B)  the
establishment of the Payment Account; 


        (C)  the
collection of interest, principal and any other payments made in respect of the Notes and the holding of such amounts in the Payment Account; 


        (D)  the
distribution through the Paying Agent of amounts distributable to the Holders in respect of the Trust Securities; 


        (E)  the
exercise of all of the rights, powers and privileges of a holder of the Notes in accordance with the terms of this Trust Agreement; 



        (F)  the
sending of notices of default and other information regarding the Trust Securities and the Notes to the Holders in accordance with this Trust Agreement; 


        (G)  the
distribution of the Trust Property in accordance with the terms of this Trust Agreement; 


        (H)  to
the extent provided in this Trust Agreement, the winding up of the affairs of and liquidation of the Trust and the preparation, execution and filing of the
certificate of cancellation of the Trust with the Secretary of State of the State of Delaware; and 



        (I)   the
taking of any action incidental to the foregoing as the Property Trustee may from time to time determine is necessary or advisable to give effect to the terms of
this Trust Agreement and protect and conserve the Trust Property for the benefit of the Holders (without consideration of the effect of any such action on any particular Holder). 





10







 








        (b)   In
connection with the issue and sale of the Preferred Securities, the Depositor shall have the right and responsibility to assist the Trust with respect to, or effect
on behalf of the Trust, the following (and any actions taken by the Depositor in furtherance of the following prior to the date of this Trust Agreement are hereby ratified and confirmed in all
respects): 



        (i)    the
negotiation of the terms of, and the execution and delivery of, the Placement Agreement and the Subscription Agreement providing for the sale of the Preferred
Securities in one or more transactions exempt from registration under the Securities Act, and in compliance with applicable state securities or blue sky laws; and 


        (ii)   the
taking of any other actions necessary or desirable to carry out any of the foregoing activities. 




        (c)   Notwithstanding
anything herein to the contrary, the Administrative Trustees are authorized and directed to conduct the affairs of the Trust and to operate the Trust so
that the Trust will not be taxable as a corporation or classified as other than a grantor trust for United States federal income tax purposes, so that the Notes will be treated as indebtedness of the
Depositor for United States federal income tax purposes and so that the Trust will not be deemed to be an "investment company" required to be registered under the Investment Company Act. In this
connection, each Administrative Trustee is authorized to take any action, not inconsistent with applicable law, the Certificate of Trust or this Trust Agreement, that such Administrative Trustee
determines in his or her discretion to be necessary or desirable for such purposes, as long as such action does not adversely affect in any material respect the interests of the Holders of the
Outstanding Preferred Securities. In no event shall the Administrative Trustees be liable to the Trust or the Holders for any failure to comply with this  Section 2.5 to the extent that such failure
results solely from a change in law or regulation or in the interpretation thereof. 



        (d)   Any
action taken by a Trustee in accordance with its powers shall constitute the act of and serve to bind the Trust. In dealing with any Trustee acting on behalf of the
Trust, no Person shall be required to inquire into the authority of such Trustee to bind the Trust. Persons dealing with the Trust are entitled to rely conclusively on the power and authority of any
Trustee as set forth in this Trust Agreement. 




        SECTION
2.6.    Assets of Trust.    


        The
assets of the Trust shall consist of the Trust Property. 


        SECTION
2.7.    Title to Trust Property.    



        (a)   Legal
title to all Trust Property shall be vested at all times in the Property Trustee and shall be held and administered by the Property Trustee in trust for the
benefit of the Trust and the Holders in accordance with this Trust Agreement. 


        (b)   The
Holders shall not have any right or title to the Trust Property other than the undivided beneficial interest in the assets of the Trust conferred by their Trust
Securities and they shall have no right to call for any partition or division of property, profits or rights of the Trust except as described below. The Trust Securities shall be personal property
giving only the rights specifically set forth therein and in this Trust Agreement. 



 
 

ARTICLE III.    
    
    PAYMENT ACCOUNT; PAYING AGENTS    
    


        SECTION
3.1.    Payment Account.    



        (a)   On
or prior to the Closing Date, the Property Trustee shall establish the Payment Account. The Property Trustee and the Paying Agent shall have exclusive control and
sole right of 



11







 

withdrawal
with respect to the Payment Account for the purpose of making deposits in and withdrawals from the Payment Account in accordance with this Trust Agreement. All monies and other property
deposited or held from time to time in the Payment Account shall be held by the Property Trustee in the Payment Account for the exclusive benefit of the Holders and for Distribution as herein
provided. 


        (b)   The
Property Trustee shall deposit in the Payment Account, promptly upon receipt, all payments of principal of or interest on, and any other payments with respect to,
the Notes. Amounts held in the Payment Account shall not be invested by the Property Trustee pending distribution thereof. 




        SECTION
3.2.    Appointment of Paying Agents.    


        The
Paying Agent shall initially be the Property Trustee. The Paying Agent shall make Distributions to Holders from the Payment Account and shall report the amounts of such Distributions
to the Property Trustee and the Administrative Trustees. Any Paying Agent shall have the revocable power to withdraw funds from the Payment Account solely for the purpose of making the Distributions
referred to above. The Administrative Trustees may revoke such power and remove the Paying Agent in their sole discretion. Any Person acting as Paying Agent shall be permitted to resign as Paying
Agent upon thirty (30) days' written notice to the Administrative Trustees and the Property Trustee. If the Property Trustee shall no longer be the Paying Agent or a successor Paying Agent
shall resign or its authority to act be revoked, the Administrative Trustees shall appoint a successor (which shall be a bank or trust company) to act as Paying Agent. Such successor Paying Agent
appointed by the Administrative Trustees shall execute and deliver to the Trustees an instrument in which such successor Paying Agent shall agree with the Trustees that as Paying Agent, such successor
Paying Agent will hold all sums, if any, held by it for payment to the Holders in trust for the benefit of the Holders entitled thereto until such sums shall be paid to such Holders. The Paying Agent
shall return all unclaimed funds to the Property Trustee and upon removal of a Paying Agent such Paying Agent shall also return all funds in its possession to the Property Trustee. The provisions of  Article VIII shall apply to the Property Trustee also in its role as Paying Agent, for so long as the Property Trustee shall act as Paying Agent
and, to the extent applicable, to any other Paying Agent appointed hereunder. Any reference in this Trust Agreement to the Paying Agent shall include any co-paying agent unless the context
requires otherwise. 


 
 

ARTICLE IV.    
    
    DISTRIBUTIONS; REDEMPTION    
    


        SECTION
4.1.    Distributions.    



        (a)   The
Trust Securities represent undivided beneficial interests in the Trust Property, and Distributions (including any Additional Interest Amounts) will be made on the
Trust Securities at the rate and on the dates that payments of interest (including any Additional Interest) are made on the Notes. Accordingly: 



        (i)    Distributions
on the Trust Securities shall be cumulative, and shall accumulate whether or not there are funds of the Trust available for the payment of Distributions.
Distributions shall accumulate from September 29, 2004, and, except as provided in clause (ii) below, shall be payable quarterly in arrears on January 18, April 18,
July 18 and October 18 of each year, commencing on October 18, 2004. If any date on which a Distribution is otherwise payable on the Trust Securities is not a Business Day, then
the payment of such Distribution shall be made on the next succeeding Business Day (and no interest shall accrue in respect of the amounts whose payment is so delayed for the period from and after
each such date until the next succeeding Business Day), with the same force and effect as if made on such date 




12







 


(each
date on which Distributions are payable in accordance with this Section 4.1(a)(i), a "Distribution Date"); 


        (ii)   in
the event (and to the extent) that the Depositor exercises its right under the Indenture to defer the payment of interest on the Notes, Distributions on the Trust
Securities shall be deferred. Under the Indenture, so long as no Note Event of Default pursuant to paragraphs (c), (e) or (f) of  Section 5.1 of the Indenture has occurred and is
continuing, the Depositor shall have the right, at any time and from time to time during the
term of the Notes, to defer the payment of interest on the Notes for a period of up to twenty (20) consecutive quarterly interest payment periods (each such extended interest payment period, an
"Extension Period"). No interest on the Notes shall be due and payable during an Extension Period (except any Additional Tax Sums that may be due and payable), except at the end thereof, but each
installment of interest that would otherwise have been due and payable during such Extension Period shall bear Additional Interest (to the extent payment of such interest would be legally enforceable)
at an annual rate equal to [    ]% beginning on (and including) the date of Original Issuance and ending on (but excluding) October 18, 2004 and at a variable
rate per annum, reset quarterly, equal to LIBOR plus 2.60% thereafter, compounded quarterly, from the dates on which such amounts would have otherwise been due and payable until paid or until funds
for the payment thereof have been made available for payment. If Distributions are deferred, the deferred Distributions (including Additional Interest Amounts) shall be paid on the date that the
related Extension Period terminates to Holders of the Trust Securities as they appear on the books and records of the Trust on the record date immediately preceding such termination date. 



        (iii)  Distributions
shall accumulate and be payable in respect of the Trust Securities at an annual rate equal to [    ]% beginning on (and
including) the date of original issuance and ending on (but excluding) October 18, 2004 and for each successive period beginning on (and including) October 18, 2004, and each successive
Distribution Date, and ending on (but excluding) the next succeeding Distribution Date at a variable rate per annum, reset quarterly, equal to LIBOR plus 2.60% of the Liquidation Amount of the Trust
Securities, such rate being the rate of interest payable on the Notes. LIBOR shall be determined by the Calculation Agent in accordance with  Schedule A. The amount of Distributions payable for any
period less than a full Distribution period shall be computed on the basis of a
360-day year and the actual number of days elapsed in the relevant Distribution period. The amount of Distributions payable for any period shall include any Additional Interest Amounts in
respect of such period; and 


        (iv)  Distributions
on the Trust Securities shall be made by the Paying Agent from the Payment Account and shall be payable on each Distribution Date only to the extent that
the Trust has funds then on hand and available in the Payment Account for the payment of such Distributions. 




        (b)   Distributions
on the Trust Securities with respect to a Distribution Date shall be payable to the Holders thereof as they appear on the Securities Register for the Trust
Securities at the close of business on the relevant record date, which shall be at the close of business on the fifteenth day (whether or not a Business Day) preceding the relevant Distribution Date.
Distributions payable on any Trust Securities that are not punctually paid on any Distribution Date as a result of the Depositor having failed to make an interest payment under the Notes will cease to
be payable to the Person in whose name such Trust Securities are registered on the relevant record date, and such defaulted Distributions and any Additional Interest Amounts will instead be payable to
the Person in whose name such Trust Securities are registered on the special record date, or other specified date for determining Holders entitled to such defaulted Distribution and Additional
Interest Amount, established in the same manner, and on the same date, as such is established with respect to the Notes under the Indenture. 



13









  





        SECTION 4.2.    Redemption.    



        (a)   On
each Note Redemption Date and on the stated maturity (or any date of principal repayment upon early maturity) of the Notes and on each other date on (or in respect
of) which any principal on the Notes is repaid, the Trust will be required to redeem a Like Amount of Trust Securities at the Redemption Price. 


        (b)   Notice
of redemption shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not less than thirty (30) nor more than sixty
(60) days prior to the Redemption Date to each Holder of Trust Securities to be redeemed, at such Holder's address appearing in the Securities Register. All notices of redemption shall state: 



        (i)    the
Redemption Date; 


        (ii)   the
Redemption Price or, if the Redemption Price cannot be calculated prior to the time the notice is required to be sent, the estimate of the Redemption Price provided
pursuant to the Indenture, as calculated by the Depositor, together with a statement that it is an estimate and that the actual Redemption Price will be calculated by the Calculation Agent on the
fifth Business Day prior to the Redemption Date (and if an estimate is provided, a further notice shall be sent of the actual Redemption Price on the date that such Redemption Price is calculated); 



        (iii)  if
less than all the Outstanding Trust Securities are to be redeemed, the identification (and, in the case of partial redemption, the respective principal amounts) and
Liquidation Amounts of the particular Trust Securities to be redeemed; 


        (iv)  that
on the Redemption Date, the Redemption Price will become due and payable upon each such Trust Security, or portion thereof, to be redeemed and that Distributions
thereon will cease to accumulate on such Trust Security or such portion, as the case may be, on and after said date, except as provided in  Section 4.2(d); 



        (v)   the
place or places where the Trust Securities are to be surrendered for the payment of the Redemption Price; and 


        (vi)  such
other provisions as the Property Trustee deems relevant. 




        (c)   The
Trust Securities (or portion thereof) redeemed on each Redemption Date shall be redeemed at the Redemption Price with the proceeds from the contemporaneous
redemption or payment at maturity of Notes. Redemptions of the Trust Securities (or portion thereof) shall be made and the Redemption Price shall be payable on each Redemption Date only to the extent
that the Trust has funds then on hand and available in the Payment Account for the payment of such Redemption Price. Under the Indenture, the Notes may be redeemed by the Depositor on any Interest
Payment Date, at the Depositor's option, on or after October 18, 2009, in whole or in part, from time to time at a redemption price equal to one hundred percent (100%) of the principal amount
thereof, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed for redemption (the "Indenture Redemption Price");
provided, that the Depositor shall have received the prior approval of the Federal Reserve if then required. The Notes may also be redeemed by the Depositor, at its option, in whole but not in part,
upon the occurrence of a Capital Disqualification Event, an Investment Company Event or a Tax Event at the Special Event Redemption Price (as set forth in the Indenture). 



        (d)   If
the Property Trustee gives a notice of redemption in respect of any Preferred Securities, then by 10:00 A.M., New York City time, on the Redemption Date, the
Depositor shall deposit sufficient funds with the Property Trustee to pay the Redemption Price. If such deposit has been made by such time, then by 12:00 noon, New York City time, on the Redemption
Date, the 



14







 




Property
Trustee will, with respect to Book-Entry Preferred Securities, irrevocably deposit with the Depositary for such Book-Entry Preferred Securities, to the extent
available therefor, funds sufficient to pay the applicable Redemption Price and will give such Depositary irrevocable instructions and authority to pay the Redemption Price to the Holders of the
Preferred Securities. With respect to Preferred Securities that are not Book-Entry Preferred Securities, the Property Trustee will irrevocably deposit with the Paying Agent, to the extent
available therefor, funds sufficient to pay the applicable Redemption Price and will give the Paying Agent irrevocable instructions and authority to pay the Redemption Price to the Holders of the
Preferred Securities upon surrender of their Preferred Securities Certificates. Notwithstanding the foregoing, Distributions payable on or prior to the Redemption Date for any Trust Securities (or
portion thereof) called for redemption shall be payable to the Holders of such Trust Securities as they appear on the Securities Register on the relevant record dates for the related Distribution
Dates. If notice of redemption shall have been given and funds deposited as required, then upon the date of such deposit, all rights of Holders holding Trust Securities (or portion thereof) so called
for redemption will cease, except the right of such Holders to receive the Redemption Price and any Distribution payable in respect of the Trust Securities on or prior to the Redemption Date, but
without interest, and, in the case of a partial redemption, the right of such Holders to receive a new Trust Security or Securities of authorized denominations, in aggregate Liquidation Amount equal
to the unredeemed portion of such Trust Security or Securities, and such Securities (or portion thereof) called for redemption will cease to be Outstanding. In the event that any date on which any
Redemption Price is payable is not a Business Day, then payment of the Redemption Price payable on such date will be made on the next succeeding Business Day (and no interest shall accrue in respect
of the amounts whose payment is so delayed for the period from and after each such date until the next succeeding Business Day), with the same force and effect as if made on such date. In the event
that payment of the Redemption Price in respect of any Trust Securities (or portion thereof) called for redemption is improperly withheld or refused and not paid either by the Trust or by the
Depositor pursuant to the Guarantee Agreement, Distributions on such Trust Securities (or portion thereof) will continue to accumulate, as set forth in  Section 4.1, from the Redemption Date
originally established by the Trust for such Trust Securities (or portion thereof) to the date such
Redemption Price is actually paid, in which case the actual payment date will be the date fixed for redemption for purposes of calculating the Redemption Price. 



        (e)   Subject
to Section 4.3(a), if less than all the Outstanding Trust Securities are to be redeemed on a Redemption
Date, then the aggregate Liquidation Amount of Trust Securities to be redeemed shall be allocated pro rata to the Common Securities and the Preferred Securities based upon the relative aggregate
Liquidation Amounts of the Common Securities and the Preferred Securities. The Preferred Securities to be redeemed shall be redeemed on a pro rata basis based upon their respective Liquidation Amounts
not more than sixty (60) days prior to the Redemption Date by the Property Trustee from the Outstanding Preferred Securities not previously called for redemption; provided, however, that with
respect to Holders that would be required to hold less than one hundred (100) but more than zero (0) Trust Securities as a result of such redemption, the Trust shall redeem Trust
Securities of each such Holder so that after such redemption such Holder shall hold either one hundred (100) Trust Securities or such Holder no longer holds any Trust Securities, and shall use
such method (including, without limitation, by lot) as the Trust shall deem fair and appropriate; and provided, further, that so long as the Preferred Securities are Book-Entry Preferred
Securities, such selection shall be made in accordance with the Applicable Depositary Procedures for the Preferred Securities by such Depositary. The Property Trustee shall promptly notify the
Securities Registrar in writing of the Preferred Securities (or portion thereof) selected for redemption and, in the case of any Preferred Securities selected for partial redemption, the Liquidation
Amount thereof to be redeemed. For all purposes of this Trust Agreement, unless the context otherwise requires, all provisions relating to the redemption of Preferred Securities shall 



15







 




relate,
in the case of any Preferred Securities redeemed or to be redeemed only in part, to the portion of the aggregate Liquidation Amount of Preferred Securities that has been or is to be redeemed. 


        (f)    The
Trust in issuing the Trust Securities may use "CUSIP" numbers (if then generally in use), and, if so, the Property Trustee shall indicate the "CUSIP" numbers of the
Trust Securities in notices of redemption and related materials as a convenience to Holders; provided, that any such notice may state that no representation is made as to the correctness of such
numbers either as printed on the Trust Securities or as contained in any notice of redemption and related materials. 




        SECTION
4.3.    Subordination of Common Securities.    



        (a)   Payment
of Distributions (including any Additional Interest Amounts) on, the Redemption Price of and the Liquidation Distribution in respect of, the Trust Securities, as
applicable, shall be made, pro rata among the Common Securities and the Preferred Securities based on the Liquidation Amount of the respective Trust Securities; provided, that if on any Distribution
Date, Redemption Date or Liquidation Date an Event of Default shall have occurred and be continuing, no payment of any Distribution (including any Additional Interest Amounts) on, Redemption Price of
or Liquidation Distribution in respect of, any Common Security, and no other payment on account of the redemption, liquidation or other acquisition of Common Securities, shall be made unless payment
in full in cash of all accumulated and unpaid Distributions (including any Additional Interest Amounts) on all Outstanding Preferred Securities for all Distribution periods terminating on or prior
thereto, or in the case of payment of the Redemption Price the full amount of such Redemption Price on all Outstanding Preferred Securities then called for redemption, or in the case of payment of the
Liquidation Distribution the full amount of such Liquidation Distribution on all Outstanding Preferred Securities,
shall have been made or provided for, and all funds immediately available to the Property Trustee shall first be applied to the payment in full in cash of all Distributions (including any Additional
Interest Amounts) on, or the Redemption Price of or the Liquidation Distribution in respect of, the Preferred Securities then due and payable. 


        (b)   In
the case of the occurrence of any Event of Default, the Holders of the Common Securities shall have no right to act with respect to any such Event of Default under
this Trust Agreement until all such Events of Default with respect to the Preferred Securities have been cured, waived or otherwise eliminated. Until all such Events of Default under this Trust
Agreement with respect to the Preferred Securities have been so cured, waived or otherwise eliminated, the Property Trustee shall act solely on behalf of the Holders of the Preferred Securities and
not on behalf of the Holders of the Common Securities, and only the Holders of all the Preferred Securities will have the right to direct the Property Trustee to act on their behalf. 




        SECTION
4.4.    Payment Procedures.    



        Payments
of Distributions (including any Additional Interest Amounts), the Redemption Price, Liquidation Amount or any other amounts in respect of the Preferred Securities shall be made
by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing at least ten (10) Business Days prior to the date for payment by
the Person entitled thereto unless proper written transfer instructions have not been received by the relevant record date, in which case such payments shall be made by check mailed to the address of
such Person as such address shall appear in the Securities Register. If any Preferred Securities are held by a Depositary, such Distributions thereon shall be made to the Depositary in immediately
available funds. Payments in respect of the Common Securities shall be made in such manner as shall be mutually agreed between the Property Trustee and the Holder of all the Common Securities. 


16







 



        SECTION
4.5.    Withholding Tax.    


        The
Trust and the Administrative Trustees shall comply with all withholding and backup withholding tax requirements under United States federal, state and local law. The Administrative
Trustees on behalf of the Trust shall request, and the Holders shall provide to the Trust, such forms or certificates as are necessary to establish an exemption from withholding and backup withholding
tax with respect to each Holder and any representations and forms as shall reasonably be requested by the Administrative Trustees on behalf of the Trust to assist it in determining the extent of, and
in fulfilling, its withholding and backup withholding tax obligations. The Administrative Trustees shall file required forms with applicable jurisdictions and, unless an exemption from withholding and
backup withholding tax is properly established by a Holder, shall remit amounts withheld with respect to the Holder to applicable jurisdictions. To the extent that the Trust is required to withhold
and pay over any amounts to any
jurisdiction with respect to Distributions or allocations to any Holder, the amount withheld shall be deemed to be a Distribution in the amount of the withholding to the Holder. In the event of any
claimed overwithholding, Holders shall be limited to an action against the applicable jurisdiction. If the amount required to be withheld was not withheld from actual Distributions made, the
Administrative Trustees on behalf of the Trust may reduce subsequent Distributions by the amount of such required withholding. 


        SECTION
4.6.    Tax Returns and Other Reports.    



        (a)   The
Administrative Trustees shall prepare (or cause to be prepared) at the principal office of the Trust in the United States, as defined for purposes of Treasury
regulations section 301.7701-7, at the Depositor's expense, and file, all United States federal, state and local tax and information returns and reports required to be filed by or
in respect of the Trust. The Administrative Trustees shall prepare at the principal office of the Trust in the United States, as defined for purposes of Treasury regulations
section 301.7701-7, and furnish (or cause to be prepared and furnished), by January 31 in each taxable year of the Trust to each Holder all Internal Revenue Service forms and
returns required to be provided by the Trust. The Administrative Trustees shall provide the Depositor and the Property Trustee with a copy of all such returns and reports promptly after such filing or
furnishing. 


        (b)   So
long as the Property Trustee is the holder of the Notes, the Administrative Trustees will cause the Depositor's reports on Form FR Y-9C, FR
Y-9LP and FR Y-6 to be delivered to the Property Trustee promptly following their filing with the Federal Reserve. 




        SECTION
4.7.    Payment of Taxes, Duties, Etc. of the Trust.    



        Upon
receipt under the Notes of Additional Tax Sums and upon the written direction of the Administrative Trustees, the Property Trustee shall promptly pay, solely out of monies on
deposit pursuant to this Trust Agreement, any Additional Taxes imposed on the Trust by the United States or any other taxing authority. 


        SECTION
4.8.    Payments under Indenture or Pursuant to Direct Actions.    


        Any
amount payable hereunder to any Holder of Preferred Securities shall be reduced by the amount of any corresponding payment such Holder (or any Owner with respect thereto) has
directly received pursuant to Section 5.8 of the Indenture or Section 6.10(b) of this
Trust Agreement. 


        SECTION
4.9.    Exchanges.    



        (a)   If
at any time the Depositor or any of its Affiliates (in either case, a "Depositor Affiliate") is the Owner or Holder of any Preferred Securities, such Depositor
Affiliate shall have the right to deliver to the Property Trustee all or such portion of its Preferred Securities as it elects and receive, in exchange therefor, a Like Amount of Notes. Such election
(i) shall be exercisable effective on any Distribution Date by such Depositor Affiliate delivering to the 



17







 

Property
Trustee a written notice of such election specifying the Liquidation Amount of Preferred Securities with respect to which such election is being made and the Distribution Date on which such
exchange shall occur, which Distribution Date shall be not less than ten (10) Business Days after the date of receipt by the Property Trustee of such election notice and (ii) shall be
conditioned upon such Depositor Affiliate having delivered or caused to be delivered to the Property Trustee or its designee the Preferred Securities that are the subject of such election by
10:00 A.M. New York time, on the Distribution Date on which such exchange is to occur. After the exchange, such Preferred Securities will be canceled and will no longer be deemed to be
Outstanding and all rights of the Depositor Affiliate with respect to such Preferred Securities will cease. 


        (b)   In
the case of an exchange described in Section 4.9(a), the Property Trustee on behalf of the Trust will, on the
date of such exchange, exchange Notes having a principal amount equal to a proportional amount of the aggregate Liquidation Amount of the Outstanding Common Securities, based on the ratio of the
aggregate Liquidation Amount of the Preferred Securities exchanged pursuant to Section 4.9(a) divided by the aggregate Liquidation Amount of the
Preferred Securities Outstanding immediately prior to such exchange, for such proportional amount of Common Securities held by the Depositor (which contemporaneously shall be canceled and no longer be
deemed to be Outstanding); provided, that the Depositor delivers or causes to be delivered to the Property Trustee or its designee the required amount of Common Securities to be exchanged by
10:00 A.M. New York time, on the Distribution Date on which such exchange is to occur. 




        SECTION
4.10.    Calculation Agent.    



        (a)   The
Property Trustee shall initially, and for so long as it holds any of the Notes, be the Calculation Agent for purposes of determining LIBOR for each Distribution
Date. The Calculation Agent may be removed by the Administrative Trustees at any time. If the Calculation Agent is unable or unwilling to act as such or is removed by the Administrative Trustees, the
Administrative Trustees will promptly appoint as a replacement Calculation Agent the London office of a leading bank which is engaged in transactions in three-month Eurodollar deposits in the
international Eurodollar market and which does not control or is not controlled by or under common control with the Administrative Trustee or its Affiliates. The Calculation Agent may not resign its
duties without a successor having been duly appointed. 


        (b)   The
Calculation Agent shall be required to agree that, as soon as possible after 11:00 a.m. (London time) on each LIBOR Determination Date, but in no event later
than 11:00 a.m. (London time) on the Business Day immediately following each LIBOR Determination Date, the Calculation Agent will calculate the interest rate (rounded to the nearest cent, with
half a cent being rounded upwards) for the related Distribution Date, and will communicate such rate and amount to the Depositor, Trustee, each Paying Agent and the Depositary. The Calculation Agent
will also specify to the Administrative Trustee the quotations upon which the foregoing rates and amounts are based and, in any event, the Calculation Agent shall notify the Administrative Trustee
before 5:00 p.m. (London time) on each LIBOR Determination Date that either: (i) it has determined or is in the process of determining the foregoing rates and amounts or (ii) it
has not determined and is not in the process of determining the foregoing rates and amounts, together with its reasons therefor. The Calculation Agent's determination of the foregoing rates and
amounts for any Distribution Date will (in the absence of manifest error) be final and binding upon all parties. For the sole purpose of calculating the interest rate for the Trust Securities,
"Business Day" shall be defined as any day on which dealings in deposits in Dollars are transacted in the London interbank market. 



18







 

        SECTION
4.11.    Certain Accounting Matters.    



        (a)   At
all times during the existence of the Trust, the Administrative Trustees shall keep, or cause to be kept at the principal office of the Trust in the United States, as
defined for purposes of Treasury Regulations section 301.7701-7, full books of account, records and supporting documents, which shall reflect in reasonable detail each transaction
of the Trust. The books of account shall be maintained on the accrual method of accounting, in accordance with generally accepted accounting principles, consistently applied. 


        (b)   The
Administrative Trustees shall either (i), if the Depositor is then subject to such reporting requirements, cause each Form 10-K and
Form 10-Q prepared by the Depositor and filed with the Commission in accordance with the Exchange Act to be delivered to each Holder, with a copy to the Property Trustee, within
thirty (30) days after the filing thereof or (ii) cause to be prepared at the principal office of the Trust in the United States, as defined for purposes of Treasury Regulations
section 301.7701-7, and delivered to each of the Holders, with a copy to the Property Trustee, within ninety (90) days after the end of each Fiscal Year, annual financial
statements of the Trust, including a balance sheet of the Trust as of the end of such Fiscal Year, and the related statements of income or loss. 


        (c)   The
Trust shall maintain one or more bank accounts in the United States, as defined for purposes of Treasury Regulations section 301.7701-7, in the
name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of
the Notes held by the Property Trustee shall be made directly to the Payment Account and no other funds of the Trust shall be deposited in
the Payment Account. The sole signatories for such accounts (including the Payment Account) shall be designated by the Property Trustee. 



 
 

ARTICLE V.    
    
    SECURITIES    
    


        SECTION
5.1.    Initial Ownership.    



        Upon
the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until the issuance of the Trust
Securities, and at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust. 


        SECTION
5.2.    Authorized Trust Securities.    


        The
Trust shall be authorized to issue one series of Preferred Securities having an aggregate Liquidation Amount of $6,500,000 and one series of Common Securities having an aggregate
Liquidation Amount of $202,000. 


        SECTION
5.3.    Issuance of the Common Securities; Subscription and Purchase of Notes.    


        On
the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the
Depositor, evidencing an aggregate of 202 Common Securities having an aggregate Liquidation Amount of $202,000, against receipt by the Trust of the aggregate purchase price of such Common Securities
of $202,000. Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of 6,500 Preferred Securities having an aggregate Liquidation Amount of $6,500,000, an
Administrative Trustee, on behalf of the Trust, shall subscribe for and purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an
aggregate principal amount equal to $6,702,000, and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of
$6,702,000 (being the aggregate amount paid by the Holders for the Preferred Securities and the amount paid by the Depositor for the Common Securities). 


19







 

        SECTION
5.4.    The Securities Certificates.    



        (a)   The
Preferred Securities Certificates shall be issued in minimum denominations of $100,000 Liquidation Amount and integral multiples of $1,000 in excess thereof, and the
Common Securities Certificates shall be issued in minimum denominations of $10,000 Liquidation Amount and integral multiples of $1,000 in excess thereof. The Securities Certificates shall be executed
on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee. Securities Certificates bearing the signatures of individuals who were, at the time when such signatures
shall have been affixed, authorized to sign such Securities Certificates on behalf of the Trust shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such
individuals or any of them shall have ceased to be so authorized prior to the delivery of such Securities Certificates or did not have such authority at the date of delivery of such Securities
Certificates. 


        (b)   On
the Closing Date, upon the written order of an authorized officer of the Depositor, the Administrative Trustees shall cause Securities Certificates to be executed on
behalf of the Trust and delivered, without further corporate action by the Depositor, in authorized denominations. 



        (c)   The
Preferred Securities issued to QIBs shall be, except as provided in Section 5.6, Book-Entry
Preferred Securities issued in the form of one or more Global Preferred Securities registered in the name of the Depositary, or its nominee and deposited with the Depositary or a custodian for the
Depositary for credit by the Depositary to the respective accounts of the Depositary Participants thereof (or such other accounts as they may direct). The Preferred Securities issued to a Person other
than a QIB shall be issued in the form of Definitive Preferred Securities Certificate. 


        (d)   A
Preferred Security shall not be valid until authenticated by the manual signature of an Authorized Officer of the Property Trustee. Such signature shall be conclusive
evidence that the Preferred Security has been authenticated under this Trust Agreement. Upon written order of the Trust signed by one Administrative Trustee, the Property Trustee shall authenticate
the Preferred Securities for original issue. The Property Trustee may appoint an authenticating agent that is a U.S. Person acceptable to the Trust to authenticate the Preferred Securities. A Common
Security need not be so authenticated and shall be valid upon execution by one or more Administrative Trustees. The form of this certificate of authentication can be found in  Section 5.13.





        SECTION
5.5.    Rights of Holders.    



        The
Trust Securities shall have no preemptive or similar rights and when issued and delivered to Holders against payment of the purchase price therefor will be fully paid and
non-assessable by the Trust. Except as provided in Section 5.11(b), the Holders of the Trust Securities, in their capacities as such,
shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the General Corporation Law of the State of Delaware. 


        SECTION
5.6.    Book-Entry Preferred Securities.    



        (a)   A
Global Preferred Security may be exchanged, in whole or in part, for Definitive Preferred Securities Certificates registered in the names of the Owners only if such
exchange complies with Section 5.7 and (i) the Depositary advises the Administrative Trustees and the Property Trustee in writing that the
Depositary is no longer willing or able properly to discharge its responsibilities with respect to the Global Preferred Security, and no qualified successor is appointed by the Administrative Trustees
within ninety (90) days of receipt of such notice, (ii) the Depositary ceases to be a clearing agency registered under the Exchange Act and the Administrative Trustees fail to appoint a
qualified successor within ninety (90) days of obtaining knowledge of such event, (iii) the Administrative Trustees at their option advise the Property Trustee in writing that the Trust
elects to terminate the book-entry system through the Depositary 



20







 

or
(iv) a Note Event of Default has occurred and is continuing. Upon the occurrence of any event specified in clause (i), (ii), (iii) or (iv) above, the Administrative
Trustees shall notify the Depositary and instruct the Depositary to notify all Owners of Book-Entry Preferred Securities, the Delaware Trustee and the Property Trustee of the occurrence of
such event and of the availability of the Definitive Preferred Securities Certificates to Owners of the Preferred Securities requesting the same. Upon the issuance of Definitive Preferred Securities
Certificates, the Trustees shall recognize the Holders of the Definitive Preferred Securities Certificates as Holders. Notwithstanding the foregoing, if an Owner of a beneficial interest in a Global
Preferred Security wishes at any time to transfer an interest in such Global Preferred Security to a Person other than a QIB, such transfer shall be effected, subject to the Applicable Depositary
Procedures, in accordance with the provisions of this Section 5.6and Section 5.7, and the
transferee shall receive a Definitive Preferred Securities Certificate in connection with such transfer. A holder of a Definitive Preferred Securities Certificate that is a QIB may, upon request, and
in accordance with the provisions of this Section 5.6 and Section 5.7, exchange such
Definitive Preferred Securities Certificate for a beneficial interest in a Global Preferred Security. 


        (b)   If
any Global Preferred Security is to be exchanged for Definitive Preferred Securities Certificates or canceled in part, or if any Definitive Preferred Securities
Certificate is to be exchanged in whole or in part for any Global Preferred Security, then either (i) such Global Preferred Security shall be so surrendered for exchange or cancellation as
provided in this Article V or (ii) the aggregate Liquidation Amount represented by such Global Preferred Security shall be reduced,
subject to Section 5.4, or increased by an amount equal to the Liquidation Amount represented by that portion of the Global Preferred Security to
be so exchanged or canceled, or equal to the Liquidation Amount represented by such Definitive Preferred Securities Certificates to be so exchanged for any Global Preferred Security, as the case may
be, by means of an appropriate adjustment made on the records of the Securities Registrar, whereupon the Property Trustee, in accordance with the Applicable Depositary Procedures, shall instruct the
Depositary or its authorized representative to make a corresponding adjustment to its records. Upon any such surrender to the Administrative Trustees or the Securities Registrar of any Global
Preferred Security or Securities by the Depositary, accompanied by registration instructions, the Administrative Trustees, or any one of them, shall execute the Definitive Preferred Securities
Certificates in accordance with the instructions of the Depositary. None of the Securities Registrar or the Trustees shall be liable for any delay in delivery of such instructions and may conclusively
rely on, and shall be fully protected in relying on, such instructions. 


        (c)   Every
Securities Certificate executed and delivered upon registration or transfer of, or in exchange for or in lieu of, a Global Preferred Security or any portion
thereof shall be executed and delivered in
the form of, and shall be, a Global Preferred Security, unless such Securities Certificate is registered in the name of a Person other than the Depositary for such Global Preferred Security or a
nominee thereof. 


        (d)   The
Depositary or its nominee, as registered owner of a Global Preferred Security, shall be the Holder of such Global Preferred Security for all purposes under this
Trust Agreement and the Global Preferred Security, and Owners with respect to a Global Preferred Security shall hold such interests pursuant to the Applicable Depositary Procedures. The Securities
Registrar and the Trustees shall be entitled to deal with the Depositary for all purposes of this Trust Agreement relating to the Global Preferred Securities (including the payment of the Liquidation
Amount of and Distributions on the Book-Entry Preferred Securities represented thereby and the giving of instructions or directions by Owners of Book-Entry Preferred Securities
represented thereby and the giving of notices) as the sole Holder of the Book-Entry Preferred Securities represented thereby and shall have no obligations to the Owners thereof. None of
the Trustees nor the Securities Registrar shall have any liability in respect of any transfers effected by the Depositary. 



21









  



        (e)   The
rights of the Owners of the Book-Entry Preferred Securities shall be exercised only through the Depositary and shall be limited to those established by
law, the Applicable Depositary Procedures and agreements between such Owners and the Depositary and/or the Depositary Participants; provided, solely for the purpose of determining whether the Holders
of the requisite amount of Preferred Securities have voted on any matter provided for in this Trust Agreement, to the extent that Preferred Securities are represented by a Global Preferred Security,
the Trustees may conclusively rely on, and shall be fully protected in relying on, any written instrument (including a proxy) delivered to the Property Trustee by the Depositary setting forth the
Owners' votes or assigning the right to vote on any matter to any other Persons either in whole or in part. To the extent that Preferred Securities are represented by a Global Preferred Security, the
initial Depositary will make book-entry transfers among the Depositary Participants and receive and transmit payments on the Preferred Securities that are represented by a Global Preferred
Security to such Depositary Participants, and none of the Depositor or the Trustees shall have any responsibility or obligation with respect thereto. 



        (f)    To
the extent that a notice or other communication to the Holders is required under this Trust Agreement, for so long as Preferred Securities are represented by a Global
Preferred Security, the Trustees shall give all such notices and communications to the Depositary, and shall have no obligations to the Owners. 




        SECTION
5.7.    Registration of Transfer and Exchange of Preferred Securities Certificates.    



        (a)   The
Property Trustee shall keep or cause to be kept, at the Corporate Trust Office, a register or registers (the "Securities Register") in which the registrar and
transfer agent with respect to the Trust Securities (the "Securities Registrar"), subject to such reasonable regulations as it may prescribe, shall provide for the registration of Preferred Securities
Certificates and Common Securities Certificates and registration of transfers and exchanges of Preferred Securities Certificates as herein provided. The Person acting as the Property Trustee shall at
all times also be the Securities Registrar. The provisions of Article VIII shall apply to the Property Trustee in its role as Securities
Registrar. 


        (b)   Upon
surrender for registration of transfer of any Preferred Securities Certificate at the office or agency maintained pursuant to  Section 5.7(f), the Administrative Trustees or any one of them shall
execute by manual or facsimile signature and deliver to the Property
Trustee, and the Property Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Preferred Securities Certificates in authorized denominations
of a like aggregate Liquidation Amount as may be required by this Trust Agreement dated the date of execution by such Administrative Trustee or Trustees. At the option of a Holder, Preferred
Securities Certificates may be exchanged for other Preferred Securities Certificates in authorized denominations and of a like aggregate Liquidation Amount upon surrender of the Preferred Securities
Certificate to be exchanged at the office or agency maintained pursuant to Section 5.7(f). Whenever any Preferred Securities
Certificates are so surrendered for exchange, the Administrative Trustees or any one of them shall execute by manual or facsimile signature and deliver to the Property Trustee, and the Property
Trustee shall authenticate and deliver, the Preferred Securities Certificates that the Holder making the exchange is entitled to receive. 


        (c)   The
Securities Registrar shall not be required, (i) to issue, register the transfer of or exchange any Preferred Security during a period beginning at the opening
of business fifteen (15) days before the day of selection for redemption of such Preferred Securities pursuant to Article IV and ending at
the close of business on the day of mailing of the notice of redemption or (ii) to register the transfer of or exchange any Preferred Security so selected for redemption in whole or in part,
except, in the case of any such Preferred Security to be redeemed in part, any portion thereof not to be redeemed. 


        (d)   Every
Preferred Securities Certificate presented or surrendered for registration of transfer or exchange shall be duly endorsed, or be accompanied by a written
instrument of transfer in form 



22







 




satisfactory
to the Securities Registrar duly executed by the Holder or such Holder's attorney duly authorized in writing and (i) if such Preferred Securities Certificate is being transferred
otherwise than to a QIB, accompanied by a certificate of the transferee substantially in the form set forth as Exhibit E hereto or (ii) if
such Preferred Securities Certificate is being transferred to a QIB, accompanied by a certificate of the transferor substantially in the form set forth as  Exhibit F hereto. 



        (e)   No
service charge shall be made for any registration of transfer or exchange of Preferred Securities Certificates, but the Property Trustee on behalf of the Trust may
require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of Preferred Securities Certificates. 


        (f)    The
Administrative Trustees shall designate an office or offices or agency or agencies where Preferred Securities Certificates may be surrendered for registration of
transfer or exchange, and initially designate the Corporate Trust Office as its office and agency for such purposes. The Administrative Trustees shall give prompt written notice to the Depositor, the
Property Trustee and to the Holders of any change in the location of any such office or agency. 




        SECTION
5.8.    Mutilated, Destroyed, Lost or Stolen Securities Certificates.    



        (a)   If
any mutilated Securities Certificate shall be surrendered to the Securities Registrar together with such security or indemnity as may be required by the Securities
Registrar and the Administrative Trustees to save each of them harmless, the Administrative Trustees, or any one of them, on behalf of the Trust, shall execute and make available for delivery in
exchange therefor a new Securities Certificate of like class, tenor and denomination. 


        (b)   If
the Securities Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Securities Certificate and there shall be delivered to
the Securities Registrar and the Administrative Trustees such security or indemnity as may be required by them to save each of them harmless, then in the absence of notice that such Securities
Certificate shall have been acquired by a protected purchaser, the Administrative Trustees, or any one of them, on behalf of the Trust, shall execute and make available for delivery, and, with respect
to Preferred Securities, the Property Trustee shall authenticate, in exchange for or in lieu of any such destroyed, lost or stolen Securities Certificate, a new Securities Certificate of like class,
tenor and denomination. 


        (c)   In
connection with the issuance of any new Securities Certificate under this Section 5.8, the Administrative
Trustees or the Securities Registrar may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 


        (d)   Any
duplicate Securities Certificate issued pursuant to this Section 5.8 shall constitute conclusive evidence of
an undivided beneficial interest in the assets of the Trust corresponding to that evidenced by the mutilated, lost, stolen or destroyed Securities Certificate, as if originally issued, whether or not
the lost, stolen or destroyed Securities Certificate shall be found at any time. 


        (e)   If
any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Depositor in its discretion may, instead of issuing a new
Security, pay such Security. 


        (f)    The
provisions of this Section 5.8 are exclusive and shall preclude (to the extent lawful) all other rights and
remedies with respect to the replacement of mutilated, destroyed, lost or stolen Securities Certificates. 




        SECTION
5.9.    Persons Deemed Holders.    


        The
Trustees and the Securities Registrar shall each treat the Person in whose name any Securities Certificate shall be registered in the Securities Register as the owner of such
Securities Certificate for the purpose of receiving Distributions and for all other purposes whatsoever, and none of the Trustees and the Securities Registrar shall be bound by any notice to the
contrary. 


23







 



        SECTION
5.10.    Cancellation.    


        All
Preferred Securities Certificates surrendered for registration of transfer or exchange or for payment shall, if surrendered to any Person other than the Property Trustee, be
delivered to the Property Trustee, and any such Preferred Securities Certificates and Preferred Securities Certificates surrendered directly to the Property Trustee for any such purpose shall be
promptly canceled by it. The Administrative Trustees may at any time deliver to the Property Trustee for cancellation any Preferred Securities Certificates previously delivered hereunder that the
Administrative Trustees may have acquired in any manner whatsoever, and all Preferred Securities Certificates so delivered shall be promptly canceled by the Property Trustee. No Preferred Securities
Certificates shall be executed and delivered in lieu of or in exchange for any Preferred Securities Certificates canceled as provided in this  Section 5.10, except as expressly permitted by this
Trust Agreement. All canceled Preferred Securities Certificates shall be disposed of by the
Property Trustee in accordance with its customary practices and the Property Trustee shall deliver to the Administrative Trustees a certificate of such disposition. 


        SECTION
5.11.    Ownership of Common Securities by Depositor.    



        (a)   On
the Closing Date, the Depositor shall acquire, and thereafter shall retain, beneficial and record ownership of the Common Securities. Neither the Depositor nor any
successor Holder of the Common Securities may transfer less than all the Common Securities, and the Depositor or any such successor Holder may transfer the Common Securities only (i) in
connection with a consolidation or merger of the Depositor into another Person, or any conveyance, transfer or lease by the Depositor of its properties and assets substantially as an entirety to any
Person (in which event such Common Securities will be transferred to such surviving entity, transferee or lessee, as the case may be), pursuant to  Section 8.1 of the Indenture or (ii) to the
Depositor or an Affiliate of the Depositor, in each such case in compliance with applicable
law (including the Securities Act, and applicable state securities and blue sky laws). To the fullest extent permitted by law, any attempted transfer of the Common Securities other than as set forth
in the immediately preceding sentence shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating substantially "THIS
CERTIFICATE IS NOT TRANSFERABLE EXCEPT IN COMPLIANCE WITH APPLICABLE LAW AND SECTION 5.11 OF THE TRUST AGREEMENT." 


        (b)   Any
Holder of the Common Securities shall be liable for the debts and obligations of the Trust in the manner and to the extent set forth with respect to the Depositor
and agrees that it shall be subject to all liabilities to which the Depositor may be subject and, prior to becoming such a Holder, shall deliver to the Administrative Trustees an instrument of
assumption satisfactory to such Trustees. 




        SECTION
5.12.    Restricted Legends.    



        (a)   Each
Preferred Security Certificate shall bear a legend in substantially the following form: 



"THIS
PREFERRED SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE TRUST AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY ("DTC") OR A NOMINEE OF
DTC. THIS PREFERRED SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE
NAME OF A PERSON OTHER THAN DTC OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE TRUST AGREEMENT, AND NO TRANSFER OF THIS PREFERRED SECURITY (OTHER THAN A TRANSFER OF THIS PREFERRED
SECURITY AS A WHOLE BY DTC TO A NOMINEE OF DTC OR BY A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE OF DTC) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES. 


UNLESS
THIS PREFERRED SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO GEORGIA BANCSHARES CAPITAL TRUST I OR ITS 




24







 





AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY PREFERRED SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 


THE
PREFERRED SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND SUCH
PREFERRED SECURITIES OR ANY INTEREST THEREIN, MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF ANY
PREFERRED SECURITIES IS HEREBY NOTIFIED THAT THE SELLER OF THE PREFERRED SECURITIES MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A UNDER
THE SECURITIES ACT. 


THE
HOLDER OF THE PREFERRED SECURITIES REPRESENTED BY THIS CERTIFICATE AGREES FOR THE BENEFIT OF THE TRUST AND THE DEPOSITOR THAT (A) SUCH PREFERRED SECURITIES MAY BE OFFERED, RESOLD OR
OTHERWISE TRANSFERRED ONLY (I) TO THE TRUST, (II) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT)
IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (III) TO AN INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (a) (1), (2), (3) OR (7) OF RULE
501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THE SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF AN "ACCREDITED INVESTOR," FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN
CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, (IV) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR (V) PURSUANT TO AN EXEMPTION FROM
THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND, IN THE CASE OF (III) OR (V),
SUBJECT TO THE RIGHT OF THE TRUST AND THE DEPOSITOR TO REQUIRE AN OPINION OF COUNSEL AND OTHER
INFORMATION SATISFACTORY TO EACH OF THEM AND (B) THE HOLDER WILL NOTIFY ANY PURCHASER OF ANY PREFERRED SECURITIES FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE. 


THE
PREFERRED SECURITIES WILL BE ISSUED AND MAY BE TRANSFERRED ONLY IN BLOCKS HAVING AN AGGREGATE LIQUIDATION AMOUNT OF NOT LESS THAN $100,000. TO THE FULLEST EXTENT PERMITTED BY LAW, ANY ATTEMPTED
TRANSFER OF PREFERRED SECURITIES, OR ANY INTEREST THEREIN, IN A BLOCK HAVING AN AGGREGATE LIQUIDATION AMOUNT OF LESS THAN $100,000 AND MULTIPLES OF $1,000 IN EXCESS THEREOF SHALL BE DEEMED TO BE VOID
AND OF NO LEGAL EFFECT WHATSOEVER. TO THE FULLEST EXTENT PERMITTED BY LAW, ANY SUCH PURPORTED TRANSFEREE SHALL BE DEEMED NOT TO BE THE HOLDER OF SUCH PREFERRED SECURITIES FOR ANY PURPOSE, INCLUDING,
BUT NOT LIMITED TO, THE RECEIPT OF LIQUIDATION AMOUNT OF OR DISTRIBUTIONS ON SUCH 




25







 





PREFERRED
SECURITIES, OR ANY INTEREST THEREIN, AND SUCH PURPORTED TRANSFEREE SHALL BE DEEMED TO HAVE NO INTEREST WHATSOEVER IN SUCH PREFERRED SECURITIES. 


THE
HOLDER OF THIS SECURITY, OR ANY INTEREST THEREIN, BY ITS ACCEPTANCE HEREOF OR THEREOF ALSO AGREES, REPRESENTS AND WARRANTS THAT IT IS NOT AN EMPLOYEE BENEFIT, INDIVIDUAL RETIREMENT ACCOUNT OR
OTHER PLAN OR ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE")
(EACH A "PLAN"), OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE "PLAN ASSETS" BY REASON OF ANY PLAN'S INVESTMENT IN THE ENTITY, AND NO PERSON INVESTING "PLAN ASSETS" OF ANY PLAN MAY ACQUIRE OR HOLD THIS
PREFERRED SECURITY OR ANY INTEREST THEREIN, UNLESS SUCH PURCHASER OR HOLDER IS ELIGIBLE FOR THE EXEMPTIVE RELIEF AVAILABLE UNDER U.S. DEPARTMENT OF LABOR PROHIBITED TRANSACTION CLASS EXEMPTION
96-23, 95-60, 91-38, 90-1 OR 84-14 OR ANOTHER APPLICABLE EXEMPTION OR ITS PURCHASE AND HOLDING OF THIS SECURITY, OR ANY INTEREST THEREIN, IS
NOT PROHIBITED BY SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE WITH RESPECT TO SUCH PURCHASE OR HOLDING. ANY PURCHASER OR HOLDER OF THE PREFERRED SECURITIES OR ANY INTEREST THEREIN WILL BE DEEMED
TO HAVE REPRESENTED BY ITS PURCHASE AND HOLDING THEREOF THAT EITHER (i) IT IS NOT AN EMPLOYEE BENEFIT PLAN WITHIN THE MEANING OF SECTION 3(3) OF ERISA, OR A PLAN TO WHICH SECTION 4975 OF THE
CODE IS APPLICABLE, A TRUSTEE OR OTHER PERSON ACTING ON BEHALF OF AN EMPLOYEE BENEFIT PLAN OR PLAN, OR ANY OTHER PERSON OR ENTITY USING THE ASSETS OF ANY EMPLOYEE BENEFIT PLAN OR PLAN TO FINANCE SUCH
PURCHASE, OR (ii) SUCH PURCHASE OR HOLDING WILL NOT RESULT IN A PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE FOR WHICH THERE IS NO APPLICABLE STATUTORY OR
ADMINISTRATIVE EXEMPTION. 


THIS
OBLIGATION IS NOT A DEPOSIT AND IS NOT INSURED BY THE UNITED STATES OR ANY AGENCY OR FUND OF THE UNITED STATES, INCLUDING THE FEDERAL DEPOSIT INSURANCE CORPORATION (THE "FDIC")." 




        (b)   The
above legend shall not be removed from any of the Preferred Securities Certificates unless there is delivered to the Property Trustee and the Depositor satisfactory
evidence, which may include an opinion of counsel, as may be reasonably required to ensure that any future transfers thereof may be made without restriction under the provisions of the Securities Act
and other applicable law. Upon provision of such satisfactory evidence, one or more of the Administrative Trustees on behalf of the Trust shall execute and deliver to the Property Trustee, and the
Property Trustee shall deliver, at the written direction of the Administrative Trustees and the Depositor, Preferred Securities Certificates that do not bear the legend. 




        SECTION
5.13.    Form of Certificate of Authentication.    


        The
Property Trustee's certificate of authentication shall be in substantially the following form: 


        This
is one of the Preferred Securities referred to in the within-mentioned Trust Agreement. 


Dated:




	

 	

WILMINGTON TRUST COMPANY, not in its individual capacity, but solely as Property Trustee
	

 	

By:	

  

	 	 	Authorized officer






26








  



 
 

ARTICLE VI.    
    
    MEETINGS; VOTING; ACTS OF HOLDERS    
    


        SECTION
6.1.    Notice of Meetings.    


        Notice
of all meetings of the Holders of the Preferred Securities, stating the time, place and purpose of the meeting, shall be given by the Property Trustee pursuant to  Section 11.8 to each Holder of
Preferred Securities, at such Holder's registered address, at least fifteen (15) days and not more than
ninety (90) days before the meeting. At any such meeting, any business properly before the meeting may be so considered whether or not stated in the notice of the meeting. Any adjourned meeting
may be held as adjourned without further notice. 


        SECTION
6.2.    Meetings of Holders of the Preferred Securities.    



        (a)   No
annual meeting of Holders is required to be held. The Property Trustee, however, shall call a meeting of the Holders of the Preferred Securities to vote on any matter
upon the written request of the Holders of at least twenty five percent (25%) in aggregate Liquidation Amount of the Outstanding Preferred Securities and the Administrative Trustees or the Property
Trustee may, at any time in their discretion, call a meeting of the Holders of the Preferred Securities to vote on any matters as to which such Holders are entitled to vote. 


        (b)   The
Holders of at least a Majority in Liquidation Amount of the Preferred Securities, present in person or by proxy, shall constitute a quorum at any meeting of the
Holders of the Preferred Securities. 


        (c)   If
a quorum is present at a meeting, an affirmative vote by the Holders present, in person or by proxy, holding Preferred Securities representing at least a Majority in
Liquidation Amount of the Preferred Securities held by the Holders present, either in person or by proxy, at such meeting shall
constitute the action of the Holders of the Preferred Securities, unless this Trust Agreement requires a lesser or greater number of affirmative votes. 




        SECTION
6.3.    Voting Rights.    


        Holders
shall be entitled to one vote for each $10,000 of Liquidation Amount represented by their Outstanding Trust Securities in respect of any matter as to which such Holders are
entitled to vote. 


        SECTION
6.4.    Proxies    


        At
any meeting of Holders, any Holder entitled to vote thereat may vote by proxy, provided, that no proxy shall be voted at any meeting unless it shall have been placed on file with the
Administrative Trustees, or with such other officer or agent of the Trust as the Administrative Trustees may direct, for verification prior to the time at which such vote shall be taken. Pursuant to a
resolution of the Property Trustee, proxies may be solicited in the name of the Property Trustee or one or more officers of the Property Trustee. Only Holders of record shall be entitled to vote. When
Trust Securities are held jointly by several Persons, any one of them may vote at any meeting in person or by proxy in respect of such Trust Securities, but if more than one of them shall be present
at such meeting in person or by proxy, and such joint owners or their proxies so present disagree as to any vote to be cast, such vote shall not be received in respect of such Trust Securities. A
proxy purporting to be executed by or on behalf of a Holder shall be deemed valid unless challenged at or prior to its exercise, and the burden of proving invalidity shall rest on the challenger. No
proxy shall be valid more than three years after its date of execution. 


        SECTION
6.5.    Holder Action by Written Consent.    



        Any
action that may be taken by Holders at a meeting may be taken without a meeting and without prior notice if Holders holding at least a Majority in Liquidation Amount of all Preferred 


27







 



Securities
entitled to vote in respect of such action (or such lesser or greater proportion thereof as shall be required by any other provision of this Trust Agreement) shall consent to the action in
writing; provided, that notice of such action is promptly provided to the Holders of Preferred Securities that did not consent to such action. Any action that may be taken by the Holders of all the
Common Securities may be taken without a meeting and without prior notice if such Holders shall consent to the action in writing. 


        SECTION
6.6.    Record Date for Voting and Other Purposes.    


        Except
as provided in Section 6.10(a), for the purposes of determining the Holders who are entitled to notice of and to vote at any
meeting or to act by written consent, or to participate in any distribution on the Trust Securities in respect of which a record date is not otherwise provided for in this Trust Agreement, or for the
purpose of any other action, the Administrative Trustees may from time to time fix a date, not more than ninety (90) days prior to the date of any meeting of Holders or the payment of a
Distribution or other action, as the case may be, as a record date for the determination of the identity of the Holders of record for such purposes. 


        SECTION
6.7.    Acts of Holders.    



        (a)   Any
request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Trust Agreement to be given, made or taken by
Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent thereof duly appointed in writing; and, except as
otherwise expressly provided herein, such action shall become effective when such instrument or instruments are delivered to an Administrative Trustee. Such instrument or instruments (and the action
embodied therein and evidenced thereby) are herein sometimes referred to as the "Act" of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing
appointing any such agent shall be sufficient for any purpose of this Trust Agreement and conclusive in favor of the Trustees, if made in the manner provided in this  Section 6.7. 



        (b)   The
fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a
notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where
such execution is by a signer acting in a capacity other than such signer's individual capacity, such certificate or affidavit shall also constitute sufficient proof of such signer's authority. The
fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner that any Trustee receiving the same deems
sufficient. 


        (c)   The
ownership of Trust Securities shall be proved by the Securities Register. 


        (d)   Any
request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Trust Security shall bind every future Holder of the same Trust
Security and the Holder of every Trust Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done
by the Trustees, the Administrative Trustees or the Trust in reliance thereon, whether or not notation of such action is made upon such Trust Security. 



        (e)   Without
limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Trust Security may do so with regard to all or any
part of the Liquidation Amount of such Trust Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such Liquidation
Amount. 



28







 

        (f)    If
any dispute shall arise among the Holders or the Trustees with respect to the authenticity, validity or binding nature of any request, demand, authorization,
direction, notice, consent, waiver or other Act of such Holder or Trustee under this Article VI, then the determination of such matter by the
Property Trustee shall be conclusive with respect to such matter. 




        SECTION
6.8.    Inspection of Records.    


        Upon
reasonable written notice to the Administrative Trustees and the Property Trustee, the records of the Trust shall be open to inspection by any Holder during normal business hours
for any purpose reasonably related to such Holder's interest as a Holder. 


        SECTION
6.9.    Limitations on Voting Rights.    



        (a)   Except
as expressly provided in this Trust Agreement and in the Indenture and as otherwise required by law, no Holder of Preferred Securities shall have any right to
vote or in any manner otherwise control the administration, operation and management of the Trust or the obligations of the parties hereto, nor shall anything herein set forth, or contained in the
terms of the Securities Certificates, be construed so as to constitute the Holders from time to time as partners or members of an association. 



        (b)   So
long as any Notes are held by the Property Trustee on behalf of the Trust, the Property Trustee shall not (i) direct the time, method and place of conducting
any proceeding for any remedy available to the Note Trustee, or exercise any trust or power conferred on the Property Trustee with respect to the Notes, (ii) waive any past default that may be
waived under Section 5.13 of the Indenture, (iii) exercise any right to rescind or annul a declaration that the principal of all the Notes
shall be due and payable or (iv) consent to any amendment, modification or termination of the Indenture or the Notes, where such consent shall be required, without, in each case, obtaining the
prior approval of the Holders of at least a Majority in Liquidation Amount of the Preferred Securities; provided, that where a consent under the Indenture would require the consent of each holder of
Notes (or each Holder of Preferred Securities) affected thereby, no such consent shall be given by the Property Trustee without the prior written consent of each Holder of Preferred Securities. The
Property Trustee shall not revoke any action previously authorized or approved by a vote of the Holders of the Preferred Securities, except by
a subsequent vote of the Holders of the Preferred Securities. In addition to obtaining the foregoing approvals of the Holders of the Preferred Securities, prior to taking any of the foregoing actions,
the Property Trustee shall, at the expense of the Depositor, obtain an Opinion of Counsel experienced in such matters to the effect that such action shall not cause the Trust to be taxable as a
corporation or classified as other than a grantor trust for United States federal income tax purposes. 


        (c)   If
any proposed amendment to the Trust Agreement provides for, or the Trustees otherwise propose to effect, (i) any action that would adversely affect in any
material respect the powers, preferences or special rights of the Preferred Securities, whether by way of amendment to the Trust Agreement or otherwise or (ii) the dissolution,
winding-up or termination of the Trust, other than pursuant to the terms of this Trust Agreement, then the Holders of Outstanding Preferred Securities as a class will be entitled to vote
on such amendment or proposal and such amendment or proposal shall not be effective except with the approval of the Holders of at least a Majority in Liquidation Amount of the Preferred Securities.
Notwithstanding any other provision of this Trust Agreement, no amendment to this Trust Agreement may be made if, as a result of such amendment, it would cause the Trust to be taxable as a corporation
or classified as other than a grantor trust for United States federal income tax purposes. 



29







 





        SECTION
6.10.    Acceleration of Maturity; Rescission of Annulment; Waivers of Past Defaults.    



        (a)   For
so long as any Preferred Securities remain Outstanding, if, upon a Note Event of Default pursuant to paragraphs (c), (e) or (f) of  Section 5.1 of the Indenture, the Note Trustee fails or
the holders of not less than twenty five percent (25%) in principal amount of the
outstanding Notes fail to declare the principal of all of the Notes to be immediately due and payable, the Holders of at least twenty-five percent (25%) in Liquidation Amount of the
Preferred Securities then Outstanding shall have the right to make such declaration by a notice in writing to the Property Trustee, the Depositor and the Note Trustee. At any time after a declaration
of acceleration with respect to the Notes has been made and before a judgment or decree for payment of the money due has been obtained by the Note Trustee as provided in the Indenture, the Holders of
at least a Majority in Liquidation Amount of the Preferred Securities, by written notice to the Property Trustee, the Depositor and the Note Trustee, may rescind and annul such declaration and its
consequences if: 



        (i)    the
Depositor has paid or deposited with the Note Trustee a sum sufficient to pay: 



        (A)  all
overdue installments of interest on all of the Notes; 


        (B)  any
accrued Additional Interest on all of the Notes; 


        (C)  the
principal of and any premium on any Notes that have become due otherwise than by such declaration of acceleration and interest and Additional Interest thereon at the
rate borne by the Notes; and 


        (D)  all
sums paid or advanced by the Note Trustee under the Indenture and the reasonable compensation, expenses, disbursements and advances of the Note Trustee, the Property
Trustee and their agents and counsel; and 




        (ii)   all
Note Events of Default, other than the non-payment of the principal of the Notes that has become due solely by such acceleration, have been cured or
waived as provided in Section 5.13 of the Indenture. 





        Upon
receipt by the Property Trustee of written notice requesting such an acceleration, or rescission and annulment thereof, by Holders of any part of the Preferred Securities, a record
date shall be established for determining Holders of Outstanding Preferred Securities entitled to join in such notice, which record date shall be at the close of business on the day the Property
Trustee receives such notice. The Holders on such record date, or their duly designated proxies, and only such Persons, shall be entitled to join in such notice, whether or not such Holders remain
Holders after such record date; provided, that, unless such declaration of acceleration, or rescission and annulment, as the case may be, shall have become effective by virtue of the requisite
percentage having joined in such notice prior to the day that is ninety (90) days after such record date, such notice of declaration of acceleration, or rescission and annulment, as the case
may be, shall automatically and without further action by any Holder be canceled and of no further effect. Nothing in this paragraph shall prevent a Holder, or a proxy of a Holder, from giving, after
expiration of such ninety (90)-day period, a new written notice of declaration of acceleration, or rescission and annulment thereof, as the case may be, that is identical to a written
notice that has been canceled pursuant to the proviso to the preceding sentence, in which event a new record date shall be established pursuant to the provisions of this  Section 6.10(a).




        (b)   For
so long as any Preferred Securities remain Outstanding, to the fullest extent permitted by law and subject to the terms of this Trust Agreement and the Indenture,
upon a Note Event of Default specified in paragraph (a), (b) or (c) of Section 5.1 of the Indenture, any Holder of Preferred
Securities shall have the right to institute a proceeding directly against the Depositor, pursuant to Section 5.8 of the Indenture, for
enforcement of payment to such Holder of any amounts payable in respect of Notes having an aggregate principal amount equal to the aggregate 



30







 

Liquidation
Amount of the Preferred Securities of such Holder. Except as set forth in Section 6.10(a) and this  Section 6.10(b), the Holders of Preferred
Securities shall have no right to exercise directly any right or remedy available to the holders of, or
in respect of, the Notes. 


        (c)   Notwithstanding
paragraphs (a) and (b) of this Section 6.10, the Holders of at least a Majority in
Liquidation Amount of the Preferred Securities may, on behalf of the Holders of all the Preferred Securities, waive any Note Event of Default, except any Note Event of Default arising from the failure
to pay any principal of or any premium or interest on (including any Additional Interest) the Notes (unless such Note Event of Default has been cured and a sum sufficient to pay all matured
installments of interest and all principal and premium on all Notes due otherwise than by acceleration has been deposited with the Note Trustee) or a Note Event of Default in respect of a covenant or
provision that under the Indenture cannot be modified or amended without the consent of the holder of each outstanding Note. Upon any such waiver, such Note Event of Default shall cease to exist and
any Note Event of Default arising therefrom shall be deemed to have been cured for every purpose of the Indenture; but no such waiver shall affect any subsequent Note Event of Default or impair any
right consequent thereon. 


        (d)   Notwithstanding
paragraphs (a) and (b) of this Section 6.10, the Holders of at least a Majority in
Liquidation Amount of the Preferred Securities may, on behalf of the Holders of all the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of
Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Trust Agreement, but no such waiver shall extend to any
subsequent or other Event of Default or impair any right consequent thereon. 



        (e)   The
Holders of a Majority in Liquidation Amount of the Preferred Securities shall have the right to direct the time, method and place of conducting any proceeding for
any remedy available to the Property Trustee in respect of this Trust Agreement or the Notes or exercising any trust or power conferred upon the Property Trustee under this Trust Agreement; provided,
that, subject to Sections 8.5 and 8.7, the Property Trustee shall have the right to decline to follow
any such direction if the Property Trustee being advised by counsel determines that the action so directed may not lawfully be taken, or if the Property Trustee in good faith shall, by an officer or
officers of the Property Trustee, determine that the proceedings so directed would be illegal or involve it in personal liability or be unduly prejudicial to the rights of Holders not party to such
direction, and provided, further, that nothing in this Trust Agreement shall impair the right of the Property Trustee to take any action deemed proper by the Property Trustee and which is not
inconsistent with such direction. 



 
 

ARTICLE VII.    
    
    REPRESENTATIONS AND WARRANTIES    
    



        SECTION
7.1.    Representations and Warranties of the Property Trustee and the Delaware Trustee.    


        The
Property Trustee and the Delaware Trustee, each severally on behalf of and as to itself, hereby represents and warrants for the benefit of the Depositor and the Holders that: 



        (a)   the
Property Trustee is a Delaware banking corporation, duly organized, validly existing and in good standing under the laws of the State of Delaware; 



        (b)   the
Property Trustee has full corporate power, authority and legal right to execute, deliver and perform its obligations under this Trust Agreement and has taken all
necessary action to authorize the execution, delivery and performance by it of this Trust Agreement; 


        (c)   the
Delaware Trustee is a Delaware banking corporation, duly organized, validly existing and in good standing under the laws of the State of Delaware; 



31







 




        (d)   the
Delaware Trustee has full corporate power, authority and legal right to execute, deliver and perform its obligations under this Trust Agreement and has taken all
necessary action to authorize the execution, delivery and performance by it of this Trust Agreement; 


        (e)   this
Trust Agreement has been duly authorized, executed and delivered by the Property Trustee and the Delaware Trustee and constitutes the legal, valid and binding
agreement of each of the Property Trustee and the Delaware Trustee enforceable against each of them in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws
affecting creditors' rights generally and to general principles of equity; 



        (f)    the
execution, delivery and performance of this Trust Agreement have been duly authorized by all necessary corporate or other action on the part of the Property Trustee
and the Delaware Trustee and do not require any approval of stockholders of the Property Trustee and the Delaware Trustee and such execution, delivery and performance will not (i) violate the
Certificate of Incorporation or By-laws of the Property Trustee or the Delaware Trustee or (ii) violate any applicable law, governmental rule or regulation of the United States or
the State of Delaware, as the case may be, governing the banking, trust or general powers of the Property Trustee or the Delaware Trustee or any order, judgment or decree applicable to the Property
Trustee or the Delaware Trustee; 


        (g)   neither
the authorization, execution or delivery by the Property Trustee or the Delaware Trustee of this Trust Agreement nor the consummation of any of the transactions
by the Property Trustee or the
Delaware Trustee contemplated herein requires the consent or approval of, the giving of notice to, the registration with or the taking of any other action with respect to any governmental authority or
agency under any existing law of the United States or the State of Delaware governing the banking, trust or general powers of the Property Trustee or the Delaware Trustee, as the case may be; and 


        (h)   to
the best of each of the Property Trustee's and the Delaware Trustee's knowledge, there are no proceedings pending or threatened against or affecting the Property
Trustee or the Delaware Trustee in any court or before any governmental authority, agency or arbitration board or tribunal that, individually or in the aggregate, would materially and adversely affect
the Trust or would question the right, power and authority of the Property Trustee or the Delaware Trustee, as the case may be, to enter into or perform its obligations as one of the Trustees under
this Trust Agreement. 




        SECTION
7.2.    Representations and Warranties of Depositor.    


        The
Depositor hereby represents and warrants for the benefit of the Holders that: 



        (a)   the
Depositor is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation; 


        (b)   the
Depositor has full corporate power, authority and legal right to execute, deliver and perform its obligations under this Trust Agreement and has taken all necessary
action to authorize the execution, delivery and performance by it of this Trust Agreement; 


        (c)   this
Trust Agreement has been duly authorized, executed and delivered by the Depositor and constitutes the legal, valid and binding agreement of the Depositor
enforceable against the Depositor in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and to general principles of equity; 


        (d)   the
Securities Certificates issued at the Closing Date on behalf of the Trust have been duly authorized and will have been duly and validly executed, issued and
delivered by the applicable Trustees pursuant to the terms and provisions of, and in accordance with the 



32








 




requirements
of, this Trust Agreement and the Holders will be, as of such date, entitled to the benefits of this Trust Agreement; 


        (e)   the
execution, delivery and performance of this Trust Agreement have been duly authorized by all necessary corporate or other action on the part of the Depositor and do
not require any approval of stockholders of the Depositor and such execution, delivery and performance will not (i) violate the articles or certificate of incorporation or by-laws
(or other organizational documents) of the Depositor or (ii) violate any applicable law, governmental rule or regulation governing the Depositor or any material portion of its property or any
order, judgment or decree applicable to the Depositor or any material portion of its property; 


        (f)    neither
the authorization, execution or delivery by the Depositor of this Trust Agreement nor the consummation of any of the transactions by the Depositor contemplated
herein requires the consent or approval of, the giving of notice to, the registration with or the taking of any other action with respect to any governmental authority or agency under any existing law
governing the Depositor or any material portion of its property; and 



        (g)   there
are no proceedings pending or, to the best of the Depositor's knowledge, threatened against or affecting the Depositor or any material portion of its property in
any court or before any governmental authority, agency or arbitration board or tribunal that, individually or in the aggregate, would materially and adversely affect the Trust or would question the
right, power and authority of the Depositor, as the case may be, to enter into or perform its obligations under this Trust Agreement. 



 
 

ARTICLE VIII.    
    
    THE TRUSTEES    
    


        SECTION
8.1.    Number of Trustees.    


        The
number of Trustees shall be five (5), provided, that the Property Trustee and the Delaware Trustee may be the same Person, in which case the number of Trustees shall be four (4). The
number of Trustees may be increased or decreased by Act of the Holder of the Common Securities subject to Sections 8.2,  8.3, and 8.4. The death, resignation, retirement, removal, bankruptcy, incompetence or incapacity to
perform the duties of an Trustee shall not operate to annul, dissolve or terminate the Trust. 


        SECTION
8.2.    Property Trustee Required.    


        There
shall at all times be a Property Trustee hereunder with respect to the Trust Securities. The Property Trustee shall be a corporation organized and doing business under the laws of
the United States or of any state thereof, authorized to exercise corporate trust powers, having a combined capital and surplus of at least fifty million dollars ($50,000,000), subject to supervision
or examination by federal or state authority and having an office within the United States. If any such Person publishes reports of condition at least annually pursuant to law or to the requirements
of its supervising or examining authority, then for the purposes of this Section 8.2, the combined capital and surplus of such Person shall be
deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Property Trustee shall cease to be eligible in accordance with the
provisions of this Section 8.2, it shall resign immediately in the manner and with the effect hereinafter specified in this  Article VIII.



        SECTION
8.3.    Delaware Trustee Required.    



        (a)   If
required by the Delaware Statutory Trust Act, there shall at all times be a Delaware Trustee with respect to the Trust Securities. The Delaware Trustee shall either
be (i) a natural person who is at least 21 years of age and a resident of the State of Delaware or (ii) a legal entity 



33







 

that
has its principal place of business in the State of Delaware, otherwise meets the requirements of applicable Delaware law and shall act through one or more persons authorized to bind such entity.
If at any time the Delaware Trustee shall cease to be eligible in accordance with the provisions of this Section 8.3, it shall resign immediately
in the manner and with the effect hereinafter specified in this Article VIII. 


        (b)   The
Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities, of the Property Trustee or
the Administrative Trustees set forth herein. The Delaware Trustee shall be one of the trustees of the Trust for the sole and limited purpose of fulfilling the requirements of Section 3807 of
the Delaware Statutory Trust Act and for taking such actions as are required to be taken by a Delaware trustee under the Delaware Statutory Trust Act. The duties (including fiduciary duties),
liabilities and obligations of the Delaware Trustee shall be limited to (a) accepting legal process served on the Trust in the State of Delaware and (b) the execution of any certificates
required to be filed with the Secretary of State of the State of Delaware that the Delaware Trustee is required to execute under Section 3811 of the Delaware Statutory Trust Act and there shall
be no other duties (including fiduciary duties) or obligations, express or implied, at law or in equity, of the Delaware Trustee. 




        SECTION
8.4.    Appointment of Administrative Trustees.    



        (a)   There
shall at all times be one or more Administrative Trustees hereunder with respect to the Trust Securities. Each Administrative Trustee shall be either a natural
person who is at least 21 years of age or a legal entity that shall act through one or more persons authorized to bind that entity. Each of the individuals identified as an "Administrative
Trustee" in the preamble of this Trust Agreement hereby accepts his or her appointment as such. 


        (b)   Except
where a requirement for action by a specific number of Administrative Trustees is expressly set forth in this Trust Agreement, any act required or permitted to be
taken by, and any power of the Administrative Trustees may be exercised by, or with the consent of, any one such Administrative Trustee. Whenever a vacancy in the number of Administrative Trustees
shall occur, until such vacancy is filled by the appointment of an Administrative Trustee in accordance with Section 8.11, the Administrative
Trustees in office, regardless of their number (and notwithstanding any other provision of this Trust Agreement), shall have all the powers granted to the Administrative Trustees and shall discharge
all the duties imposed upon the Administrative Trustees by this Trust Agreement. 




        SECTION
8.5.    Duties and Responsibilities of the Trustees.    



        (a)   The
rights, immunities, duties and responsibilities of the Trustees shall be as provided by this Trust Agreement and there shall be no other duties (including fiduciary
duties) or obligations, express or implied, at law or in equity, of the Trustees; provided, however, that if an Event of Default known to the Property Trustee has occurred and is continuing, the
Property Trustee shall, prior to the receipt of directions, if any, from the Holders of at least a Majority in Liquidation Amount of the Preferred Securities, exercise such of the rights and powers
vested in it by the Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs.
Notwithstanding the foregoing, no provision of this Trust Agreement shall require any of the Trustees to expend or risk its own funds or otherwise incur any financial liability in the performance of
any of its duties hereunder, or in the exercise of any of its or their rights or powers, if it or they shall have reasonable grounds for believing that repayment of such funds or adequate indemnity
against such risk or liability is not reasonably assured to it. Whether or not herein expressly so provided, every provision of this Trust Agreement relating to the conduct or affecting the liability
of or affording protection to the Trustees shall be subject to the provisions of this Section 8.5. To the extent that, at law or in equity, a
Trustee has duties and liabilities relating 



34







 

to
the Trust or to the Holders, such Trustee shall not be liable to the Trust or to any Holder for such Trustee's good faith reliance on the provisions of this Trust Agreement. The provisions of this
Trust Agreement, to the extent that they restrict the duties and liabilities of the Trustees otherwise existing at law or in equity, are agreed by the Depositor and the Holders to replace such other
duties and liabilities of the Trustees. 


        (b)   All
payments made by the Property Trustee or a Paying Agent in respect of the Trust Securities shall be made only from the revenue and proceeds from the Trust Property
and only to the extent that there
shall be sufficient revenue or proceeds from the Trust Property to enable the Property Trustee or a Paying Agent to make payments in accordance with the terms hereof. Each Holder, by its acceptance of
a Trust Security, agrees that it will look solely to the revenue and proceeds from the Trust Property to the extent legally available for distribution to it as herein provided and that the Trustees
are not personally liable to it for any amount distributable in respect of any Trust Security or for any other liability in respect of any Trust Security. This  Section 8.5(b) does not limit the
liability of the Trustees expressly set forth elsewhere in this Trust Agreement. 


        (c)   No
provisions of this Trust Agreement shall be construed to relieve the Property Trustee from liability with respect to matters that are within the authority of the
Property Trustee under this Trust Agreement for its own negligent action, negligent failure to act or willful misconduct, except that: 



        (i)    the
Property Trustee shall not be liable for any error or judgment made in good faith by an authorized officer of the Property Trustee, unless it shall be proved that
the Property Trustee was negligent in ascertaining the pertinent facts; 


        (ii)   the
Property Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of
at least a Majority in Liquidation Amount of the Preferred Securities relating to the time, method and place of conducting any proceeding for any remedy available to the Property Trustee hereunder or
under the Indenture, or exercising any trust or power conferred upon the Property Trustee under this Trust Agreement; 



        (iii)  the
Property Trustee's sole duty with respect to the custody, safe keeping and physical preservation of the Notes and the Payment Account shall be to deal with such
Property in a similar manner as the Property Trustee deals with similar property for its own account, subject to the protections and limitations on liability afforded to the Property Trustee under
this Trust Agreement; 


        (iv)  the
Property Trustee shall not be liable for any interest on any money received by it except as it may otherwise agree with the Depositor; and money held by the
Property Trustee need not be segregated from other funds held by it except in relation to the Payment Account maintained by the Property Trustee pursuant to Section 3.1 and except to the extent
otherwise required by law; and 


        (v)   the
Property Trustee shall not be responsible for monitoring the compliance by the Administrative Trustees or the Depositor with their respective duties under this Trust
Agreement, nor shall the Property Trustee be liable for the default or misconduct of any other Trustee or the Depositor. 





        SECTION
8.6.    Notices of Defaults and Extensions.    



        (a)   Within
ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to
the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived; 



35







 

provided,
that, except in the case of a default in the payment of the principal of or any premium or interest (including any Additional Interest) on any Trust Security, the Property Trustee shall be
fully protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Property Trustee in
good faith determines that the withholding of such notice is in the interests of the Holders of the Trust Securities. For the purpose of this  Section 8.6, the term "default" means any event that is,
 or after notice or lapse of time or both would become, an Event of Default. 


        (b)   Within
three (3) Business Days after the receipt of notice of the Depositor's exercise of its right to defer the payment of interest on the Notes pursuant to the
Indenture, the Property Trustee shall transmit, in the manner and to the extent provided in Section 11.8, notice of such exercise to the Holders
and the Administrative Trustees, unless such exercise shall have been revoked. 



        (c)   The
Property Trustee shall not be deemed to have knowledge of any Event of Default unless the Property Trustee shall have received written notice thereof from the
Depositor, any Administrative Trustee or any Holder or unless an officer of the Property Trustee charged with the administration of this Trust Agreement shall have obtained actual knowledge of such
Event of Default. 


        (d)   The
Property Trustee shall notify all Holders of the Preferred Securities of any notice of default received with respect to the Notes. 




        SECTION
8.7.    Certain Rights of Property Trustee.    


        Subject
to the provisions of Section 8.5: 



        (a)   the
Property Trustee may conclusively rely and shall be protected in acting or refraining from acting in good faith and in accordance with the terms hereof upon any
resolution, Opinion of Counsel, certificate, written representation of a Holder or transferee, certificate of auditors or any other resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, appraisal, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties; 


        (b)   if
(i) in performing its duties under this Trust Agreement the Property Trustee is required to decide between alternative courses of action, (ii) in
construing any of the provisions of this Trust Agreement the Property Trustee finds a provision ambiguous or inconsistent with any other provisions contained herein or (iii) the Property
Trustee is unsure of the application of any provision of this Trust Agreement, then, except as to any matter as to which the Holders of the Preferred Securities are entitled to vote under the terms of
this Trust Agreement, the Property Trustee shall deliver a notice to the Depositor requesting the Depositor's written instruction as to the course of action to be taken and the Property Trustee shall
take such action, or refrain from taking such action, as the Property Trustee shall be instructed in writing to take, or to refrain from taking, by the Depositor; provided, that if the Property
Trustee does not receive such instructions of the Depositor within ten (10) Business Days after it has delivered such notice or such reasonably shorter period of time set forth in such notice,
the Property Trustee may, but shall be under no duty to, take such action, or refrain from taking such action, as the Property Trustee shall deem advisable and in the best interests of the Holders, in
which event the Property Trustee shall have no liability except for its own negligence, bad faith or willful misconduct; 



        (c)   any
direction or act of the Depositor contemplated by this Trust Agreement shall be sufficiently evidenced by an Officers' Certificate unless otherwise expressly
provided herein; 



36







 




        (d)   any
direction or act of an Administrative Trustee contemplated by this Trust Agreement shall be sufficiently evidenced by a certificate executed by such Administrative
Trustee and setting forth such direction or act; 


        (e)   the
Property Trustee shall have no duty to see to any recording, filing or registration of any instrument (including any financing or continuation statement or any
filing under tax or securities laws) or any re-recording, re-filing or re-registration thereof; 


        (f)    the
Property Trustee may consult with counsel (which counsel may be counsel to the Property Trustee, the Depositor or any of its Affiliates, and may include any of its
employees) and the advice of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance
thereon and in accordance with such advice; the Property Trustee shall have the right at any time to seek instructions concerning the administration of this Trust Agreement from any court of competent
jurisdiction; 


        (g)   the
Property Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Trust Agreement at the request or direction of any of the
Holders pursuant to this Trust Agreement, unless such Holders shall have offered to the Property Trustee reasonable security or indemnity against the costs, expenses (including reasonable attorneys'
fees and expenses) and liabilities that might be incurred by it in compliance with such request or direction, including reasonable advances as may be requested by the Property Trustee; 



        (h)   the
Property Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion,
report, notice, request, direction, consent, order, approval, bond, debenture, note or other evidence of indebtedness or other paper or document, unless requested in writing to do so by one or more
Holders, but the Property Trustee may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Property Trustee shall determine to make such inquiry or
investigation, it shall be entitled to examine the books, records and premises of the Depositor, personally or by agent or attorney; 



        (i)    the
Property Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through its agents, attorneys, custodians
or nominees and the Property Trustee shall not be responsible for any negligence or misconduct on the part of any such agent, attorney, custodian or nominee appointed with due care by it hereunder; 


        (j)    whenever
in the administration of this Trust Agreement the Property Trustee shall deem it desirable to receive instructions with respect to enforcing any remedy or right
hereunder, the Property Trustee (i) may request instructions from the Holders (which instructions may only be given by the Holders of the same proportion in Liquidation Amount of the Trust
Securities as would be entitled to direct the Property Trustee under this Trust Agreement in respect of such remedy, right or action), (ii) may refrain from enforcing such remedy or right or
taking such other action until such instructions are received and (iii) shall be protected in acting in accordance with such instructions; 


        (k)   except
as otherwise expressly provided by this Trust Agreement, the Property Trustee shall not be under any obligation to take any action that is discretionary under the
provisions of this Trust Agreement; 


        (l)    without
prejudice to any other rights available to the Property Trustee under applicable law, when the Property Trustee incurs expenses or renders services in connection
with a Bankruptcy Event, such expenses (including legal fees and expenses of its agents and counsel) and the compensation for such services are intended to constitute expenses of administration under
any bankruptcy law or law relating to creditors rights generally; and 



37







 




        (m)  whenever
in the administration of this Trust Agreement the Property Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or
omitting any action hereunder, the Property Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, request and rely on an Officers' Certificate
which, upon receipt of such request, shall be promptly delivered by the Depositor. 




        No
provision of this Trust Agreement shall be deemed to impose any duty or obligation on any Trustee to perform any act or acts or exercise any right, power, duty or obligation conferred
or imposed on it, in any jurisdiction in which it shall be illegal, or in which such Person shall be unqualified or incompetent in accordance with applicable law, to perform any such act or acts, or
to exercise any such right, power, duty or obligation. 


        SECTION
8.8.    Delegation of Power.    


        Any
Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 its, his or her power for the purpose of executing any
documents contemplated in Section 2.5. The Trustees shall have power to delegate from time to time to such of their number or to the Depositor
the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Trustees or otherwise as the Trustees may deem expedient, to the extent such
delegation is not prohibited by applicable law or contrary to the provisions of this Trust Agreement. 


        SECTION
8.9.    May Hold Securities.    


        Any
Trustee or any other agent of any Trustee or the Trust, in its individual or any other capacity, may become the owner or pledgee of Trust Securities and except as provided in the
definition of the term "Outstanding" in Article I, may otherwise deal with the Trust with the same rights it would have if it were not a Trustee
or such other agent. 


        SECTION
8.10.    Compensation; Reimbursement; Indemnity.    


        The
Depositor agrees: 



        (a)   to
pay to the Trustees from time to time such reasonable compensation for all services rendered by them hereunder as may be agreed by the Depositor and the Trustees from
time to time (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 


        (b)   to
reimburse the Trustees upon request for all reasonable expenses, disbursements and advances incurred or made by the Trustees in accordance with any provision of this
Trust Agreement (including the reasonable compensation and the expenses and disbursements of their agents and counsel), except any such expense, disbursement or advance as may be attributable to their
negligence, bad faith or willful misconduct; and 


        (c)   to
the fullest extent permitted by applicable law, to indemnify and hold harmless (i) each Trustee, (ii) any Affiliate of any Trustee, (iii) any
officer, director, shareholder, employee, representative or agent of any Trustee or any Affiliate of any Trustee and (iv) any employee or agent of the Trust (referred to herein as an
"Indemnified Person") from and against any loss, damage, liability, tax (other than income, franchise or other taxes imposed on amounts paid pursuant to  Section 8.10(a) or (b) hereof), penalty, expense, suit or claim of any kind or nature whatsoever
incurred without negligence, bad faith or willful misconduct on its part, arising out of or in connection with the acceptance or administration of the Trust hereunder, including the advancement of
funds to cover the reasonable costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. 



38









  





        The Trust shall have no payment, reimbursement or indemnity obligations to the Trustees under this Section 8.10. The provisions of
this Section 8.10 shall survive the termination of this Trust Agreement and the earlier removal or resignation of any Trustee. 


        No
Trustee may claim any Lien on any Trust Property whether before or after termination of the Trust as a result of any amount due pursuant to this  Section 8.10. 


        To
the fullest extent permitted by law, in no event shall the Property Trustee and the Delaware Trustee be liable for any indirect, special, punitive or consequential loss or damage of
any kind whatsoever, including, but not limited to, lost profits, even if the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 



        In
no event shall the Property Trustee and the Delaware Trustee be liable for any failure or delay in the performance of its obligations hereunder because of circumstances beyond its
control, including, but not limited to, acts of God, flood, war (whether declared or undeclared), terrorism, fire, riot, embargo, government action, including any laws, ordinances, regulations,
governmental action or the like which delay, restrict or prohibit the providing of the services contemplated by this Trust Agreement. 


        SECTION
8.11.    Resignation and Removal; Appointment of Successor.    



        (a)   No
resignation or removal of any Trustee and no appointment of a successor Trustee pursuant to this Article VIII
shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of  Section 8.12. 


        (b)   A
Trustee may resign at any time by giving written notice thereof to the Depositor and, in the case of the Property Trustee and the Delaware Trustee, to the Holders. 


        (c)   Unless
an Event of Default shall have occurred and be continuing, the Property Trustee or the Delaware Trustee, or both of them, may be removed (with or without cause)
at any time by Act of the Holder of Common Securities. If an Event of Default shall have occurred and be continuing, the Property Trustee or the Delaware Trustee, or both of them, may be removed (with
or without cause) at such time by Act of the Holders of at least a Majority in Liquidation Amount of the Preferred
Securities, delivered to the removed Trustee (in its individual capacity and on behalf of the Trust). An Administrative Trustee may be removed (with or without cause) only by Act of the Holder of the
Common Securities at any time. 


        (d)   If
any Trustee shall resign, be removed or become incapable of acting as Trustee, or if a vacancy shall occur in the office of any Trustee for any reason, at a time when
no Event of Default shall have occurred and be continuing, the Holder of the Common Securities, by Act of the Holder of the Common Securities, shall promptly appoint a successor Trustee or Trustees,
and such successor Trustee and the retiring Trustee shall comply with the applicable requirements of Section 8.12. If the Property Trustee or the
Delaware Trustee shall resign, be removed or become incapable of continuing to act as the Property Trustee or the Delaware Trustee, as the case may be, at a time when an Event of Default shall have
occurred and be continuing, the Holders of the Preferred Securities, by Act of the Holders of a Majority in Liquidation Amount of the Preferred Securities, shall promptly appoint a successor Property
Trustee or Delaware Trustee, and such successor Property Trustee or Delaware Trustee and the retiring Property Trustee or Delaware Trustee shall comply with the applicable requirements of  Section 8.12. If an Administrative Trustee shall resign, be removed or become incapable of acting as Administrative Trustee, at a time when an
Event of Default shall have occurred and be continuing, the Holder of the Common Securities by Act of the Holder of Common Securities shall promptly appoint a successor Administrative Trustee and such
successor Administrative Trustee and the retiring Administrative Trustee shall comply with the applicable requirements of Section 8.12. If no
successor Trustee shall have been so appointed by the Holder of the Common Securities or Holders of the Preferred Securities, as the 



39







 




case
may be, and accepted appointment in the manner required by Section 8.12 within thirty (30) days after the giving of a notice of
resignation by a Trustee, the removal of a Trustee, or a Trustee becoming incapable of acting as such Trustee, any Holder who has been a Holder of Preferred Securities for at least six
(6) months may, on behalf of himself and all others similarly situated, and any resigning Trustee may, in each case, at the expense of the Depositor, petition any court of competent
jurisdiction for the appointment of a successor Trustee. 


        (e)   The
Depositor shall give notice of each resignation and each removal of the Property Trustee or the Delaware Trustee and each appointment of a successor Property Trustee
or Delaware Trustee to all Holders in the manner provided in Section 11.8. Each notice shall include the name of the successor Property Trustee
or Delaware Trustee and the address of its Corporate Trust Office if it is the Property Trustee. 


        (f)    Notwithstanding
the foregoing or any other provision of this Trust Agreement, in the event any Administrative Trustee or a Delaware Trustee who is a natural person dies
or becomes, in the opinion of the Holder of Common Securities, incompetent or incapacitated, the vacancy created by such death, incompetence or incapacity may be filled by (i) the unanimous act
of the remaining Administrative Trustees if there are at least two of them or (ii) otherwise by the Holder of the Common Securities (with the successor in each case being a Person who satisfies
the eligibility requirement for Administrative Trustees or Delaware Trustee, as the case may be, set forth in Sections 8.3 and  8.4). 


        (g)   Upon
the appointment of a successor Delaware Trustee, such successor Delaware Trustee shall file a Certificate of Amendment to the Certificate of Trust in
accordance with Section 3810 of the Delaware Statutory Trust Act. 




        SECTION
8.12.    Acceptance of Appointment by Successor.    



        (a)   In
case of the appointment hereunder of a successor Trustee, each successor Trustee shall execute and deliver to the Depositor and to the retiring Trustee an instrument
accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and each such successor Trustee, without any further act, deed or conveyance, shall
become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on request of the Trust or any successor Trustee such retiring Trustee shall, upon payment of its charges,
duly assign, transfer and deliver to such successor Trustee all Trust Property, all proceeds thereof and money held by such retiring Trustee hereunder with respect to the Trust Securities and the
Trust. 


        (b)   Upon
request of any such successor Trustee, the Trust (or the retiring Trustee if requested by the Depositor) shall execute any and all instruments for more fully and
certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in the preceding paragraph. 


        (c)   No
successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this  Article VIII. 




        SECTION
8.13.    Merger, Conversion, Consolidation or Succession to Business.    


        Any
Person into which the Property Trustee or the Delaware Trustee may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or
consolidation to which such Trustee shall be a party, or any Person succeeding to all or substantially all the corporate trust business of such Trustee, shall be the successor of such Trustee
hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, provided, that such Person shall be otherwise qualified and eligible under this  Article VIII. 


40







 



        SECTION
8.14.    Not Responsible for Recitals or Issuance of Securities.    



        The
recitals contained herein and in the Securities Certificates shall be taken as the statements of the Trust and the Depositor, and the Trustees do not assume any responsibility for
their correctness. The Trustees make no representations as to the title to, or value or condition of, the property of the Trust or any part thereof, nor as to the validity or sufficiency of this Trust
Agreement, the Notes or the Trust Securities. The Trustees shall not be accountable for the use or application by the Depositor of the proceeds of the Notes. 


        SECTION
8.15.    Property Trustee May File Proofs of Claim.    



        (a)   In
case of any Bankruptcy Event (or event that with the passage of time would become a Bankruptcy Event) relative to the Trust or any other obligor upon the Trust
Securities or the property of the Trust or of such other obligor or their creditors, the Property Trustee (irrespective of whether any Distributions on the Trust Securities shall then be due and
payable and irrespective of whether the Property Trustee shall have made any demand on the Trust for the payment of any past due Distributions) shall be entitled and empowered, to the fullest extent
permitted by law, by intervention in such proceeding or otherwise: 



        (i)    to
file and prove a claim for the whole amount of any Distributions owing and unpaid in respect of the Trust Securities and to file such other papers or documents as may
be necessary or advisable in order to have the claims of the Property Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Property Trustee, its
agents and counsel) and of the Holders allowed in such judicial proceeding; and 


        (ii)   to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 





and
any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such proceeding is hereby authorized by each Holder to make such payments to the Property
Trustee and, in the event the Property Trustee shall consent to the making of such payments directly to the Holders, to pay to the Property Trustee first any amount due it for the reasonable
compensation, expenses, disbursements and advances of the Property Trustee, its agents and counsel, and any other amounts due the Property Trustee. 



        (b)   Nothing
herein contained shall be deemed to authorize the Property Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or compensation affecting the Trust Securities or the rights of any Holder thereof or to authorize the Property Trustee to vote in respect of the claim of any
Holder in any such proceeding. 




        SECTION
8.16.    Reports to and from the Property Trustee.    



        (a)   The
Depositor and the Administrative Trustees shall deliver to the Property Trustee, not later than forty five (45) days after the end of each of the first three
fiscal quarters of the Depositor and not later than ninety (90) days after the end of each fiscal year of the Depositor ending after the date of this Trust Agreement, an Officers' Certificate
covering the preceding fiscal period, stating whether or not to the knowledge of the signers thereof the Depositor and the Trust are in default in the performance or observance of any of the terms,
provisions and conditions of this Trust Agreement (without regard to any period of grace or requirement of notice provided hereunder) and, if the Depositor or the Trust shall be in default, specifying
all such defaults and the nature and status thereof of which they have knowledge. 


        (b)   The
Depositor shall furnish to (i) the Property Trustee, (ii) the Purchaser, (iii) any Owner of the Preferred Securities reasonably identified to
the Depositor or the Trust (which identification may be made either by such Owner or by the Placement Agent or Purchaser), and (iv) any 



41







 




designee
of (i), (ii) or (iii) above, a duly completed and executed certificate in the form attached hereto as Exhibit G, including the financial statements referenced in such
Exhibit, which certificate and financial statements shall be so furnished by the Depositor not later than forty five (45) days after the end of each of the first three fiscal quarters of each
fiscal year of the Depositor and not later than ninety (90) days after the end of each fiscal year of the Depositor. 



        (c)   The
Property Trustee shall obtain all reports, certificates and information, which it is entitled to obtain under each of the Operative Documents, and deliver to
(i) the Purchaser, (ii) the Placement Agent and (iii) a designee of (i) or (ii) above, all such reports, certificates or information promptly upon receipt thereof. 



 
 

ARTICLE IX.    
    
    TERMINATION, LIQUIDATION AND MERGER    
    



        SECTION
9.1.    Dissolution Upon Expiration Date.    


        Unless
earlier dissolved, the Trust shall automatically dissolve on October 18, 2035 (the "Expiration Date"), and the Trust Property shall be liquidated in accordance with  Section 9.4. 


        SECTION
9.2.    Early Termination.    



        The
first to occur of any of the following events is an "Early Termination Event", upon the occurrence of which the Trust shall be dissolved: 



        (a)   the
occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Depositor, in its capacity as the Holder of the Common Securities, unless
the Depositor shall have transferred the Common Securities as provided by Section 5.11, in which case this provision shall refer instead to any
such successor Holder of the Common Securities; 


        (b)   the
written direction to the Property Trustee from the Holder of the Common Securities at any time to dissolve the Trust and, after satisfaction of any liabilities of
the Trust as required by applicable law, to distribute the Notes to Holders in exchange for the Preferred Securities (which direction is optional and wholly within the discretion of the Holder of the
Common Securities), provided, that the Holder of the Common Securities shall have received the prior approval of the Federal Reserve if then required; 


        (c)   the
redemption of all of the Preferred Securities in connection with the payment at maturity or redemption of all the Notes; and 


        (d)   the
entry of an order for dissolution of the Trust by a court of competent jurisdiction. 




        SECTION
9.3.    Termination.    


        The
respective obligations and responsibilities of the Trustees and the Trust shall terminate upon the latest to occur of the following: (a) the distribution by the Property
Trustee to Holders of all amounts required to be distributed hereunder upon the liquidation of the Trust pursuant to Section 9.4, or upon the
redemption of all of the Trust Securities pursuant to Section 4.2; (b) the satisfaction of any expenses owed by the Trust; and
(c) the discharge of all administrative duties of the Administrative Trustees, including the performance of any tax reporting obligations with respect to the Trust or the Holders. 


        SECTION
9.4.    Liquidation.    



        (a)   If
an Early Termination Event specified in Section 9.2(a), (b) or  (d) occurs or upon the Expiration Date,
the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine
to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, 



42







 

subject
to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee not less than thirty (30) nor more than sixty
(60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation shall: 



        (i)    state
the Liquidation Date; 


        (ii)   state
that from and after the Liquidation Date, the Trust Securities will no longer be deemed to be Outstanding and (subject to  Section 9.4(d)) any Securities Certificates not surrendered for exchange
will be deemed to represent a Like Amount of Notes; and 


        (iii)  provide
such information with respect to the mechanics by which Holders may exchange Securities Certificates for Notes, or if  Section 9.4(d) applies, receive a Liquidation Distribution, as the Property
Trustee shall deem appropriate. 




        (b)   Except
where Section 9.2(c) or 9.4(d) applies, in order to effect
the liquidation of the Trust and distribution of the Notes to Holders, the Property Trustee, either itself acting as exchange agent or through the appointment of a separate exchange agent, shall
establish a record date for such distribution (which shall not be more than forty-five (45) days prior to the Liquidation Date nor prior to the date on which notice of such
liquidation is given to the Holders) and establish such procedures as it shall deem appropriate to effect the distribution of Notes in exchange for the Outstanding Securities Certificates. 



        (c)   Except
where Section 9.2(c) or 9.4(d) applies, after the
Liquidation Date, (i) the Trust Securities will no longer be deemed to be Outstanding, (ii) certificates representing a Like Amount of Notes will be issued to Holders of Securities
Certificates, upon surrender of such Securities Certificates to the exchange agent for exchange, (iii) the Depositor shall use its best efforts to have the Notes listed on the New York Stock
Exchange or on such other exchange, interdealer quotation system or self-regulatory organization on which the Preferred Securities are then listed, if any, (iv) Securities
Certificates not so surrendered for exchange will be deemed to represent a Like Amount of Notes bearing accrued and unpaid interest in an amount equal to the accumulated and unpaid Distributions on
such Securities Certificates until such certificates are so surrendered (and until such certificates are so surrendered, no payments of interest or principal will be made to Holders of Securities
Certificates with respect to such Notes) and (v) all rights of Holders holding Trust Securities will cease, except the right of such Holders to receive Notes upon surrender of Securities
Certificates. 


        (d)   Notwithstanding
the other provisions of this Section 9.4, if distribution of the Notes in the manner provided
herein is determined by the Property Trustee not to be permitted or practical, the Trust Property shall be liquidated, and the Trust shall be wound up by the Property Trustee in such manner as the
Property Trustee determines. In such event, Holders will be entitled to receive out of the assets of the Trust available for distribution to Holders, after satisfaction of liabilities to creditors of
the Trust as provided by applicable law, an amount equal to the Liquidation Amount per Trust Security plus accumulated and unpaid Distributions thereon to the date of payment (such amount being the
"Liquidation Distribution"). If, upon any such winding up the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate
Liquidation Distribution, then, subject to the next succeeding sentence, the amounts payable by the Trust on the Trust Securities shall be paid on a pro rata basis (based upon Liquidation Amounts).
The Holder of the Common Securities will be entitled to receive Liquidation Distributions upon any such winding up pro rata (based upon Liquidation Amounts) with Holders of all Trust Securities,
except that, if an Event of Default has occurred and is continuing, the Preferred Securities shall have a priority over the Common Securities as provided in  Section 4.3. 



43







 





        SECTION
9.5.    Mergers, Consolidations, Amalgamations or Replacements of Trust.    



        The
Trust may not merge with or into, consolidate, amalgamate, or be replaced by, or convey, transfer or lease its properties and assets substantially as an entirety to, any Person
except pursuant to this Article IX. At the request of the Holders of the Common Securities, without the consent of the Holders of the Preferred
Securities, the Trust may merge with or into, consolidate, amalgamate, or be replaced by or convey, transfer or lease its properties and assets substantially as an entirety to a trust organized as
such under the laws of any State; provided, that: 



        (a)   such
successor entity either (i) expressly assumes all of the obligations of the Trust under this Trust Agreement with respect to the Preferred Securities or
(ii) substitutes for the Preferred Securities other securities having substantially the same terms as the Preferred Securities (such other Securities, the "Successor Securities") so long as the
Successor Securities have the same priority as the Preferred Securities with respect to distributions and payments upon liquidation, redemption and otherwise; 


        (b)   a
trustee of such successor entity possessing substantially the same powers and duties as the Property Trustee is appointed to hold the Notes; 


        (c)   if
the Preferred Securities or the Notes are rated, such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease does not cause the Preferred
Securities or the Notes
(including any Successor Securities) to be downgraded by any nationally recognized statistical rating organization that then assigns a rating to the Preferred Securities or the Notes; 


        (d)   the
Preferred Securities are listed, or any Successor Securities will be listed upon notice of issuance, on any national securities exchange or interdealer quotation
system on which the Preferred Securities are then listed, if any; 


        (e)   such
merger, consolidation, amalgamation, replacement, conveyance, transfer or lease does not adversely affect the rights, preferences and privileges of the Holders of
the Preferred Securities (including any Successor Securities) in any material respect; 


        (f)    such
successor entity has a purpose substantially identical to that of the Trust; 


        (g)   prior
to such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease, the Depositor has received an Opinion of Counsel to the effect that
(i) such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease does not adversely affect the rights, preferences and privileges of the Holders of the Preferred
Securities (including any Successor Securities) in any material respect; (ii) following such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease, neither the Trust
nor such successor entity will be required to register as an "investment company" under the Investment Company Act and (iii) following such merger, consolidation, amalgamation, replacement,
conveyance, transfer or lease, the Trust (or the successor entity) will continue to be classified as a grantor trust for U.S. federal income tax purposes; and 


        (h)   the
Depositor or its permitted transferee owns all of the common securities of such successor entity and guarantees the obligations of such successor entity under the
Successor Securities at least to the extent provided by the Guarantee Agreement. 




Notwithstanding
the foregoing, the Trust shall not, except with the consent of Holders of all of the Preferred Securities, consolidate, amalgamate, merge with or into, or be replaced by or convey,
transfer or lease its properties and assets substantially as an entirety to any other Person or permit any other entity to consolidate, amalgamate, merge with or into, or replace, the Trust if such
consolidation, amalgamation, merger, replacement, conveyance, transfer or lease would cause the Trust or the successor entity to be taxable as a corporation or classified as other than a grantor trust
for United 


44







 

States
federal income tax purposes or cause the Notes to be treated as other than indebtedness of the Depositor for United States federal income tax purposes. 


 
 

ARTICLE X.    
    
    INFORMATION TO PURCHASER    
    


        SECTION
10.1.    Depositor Obligations to Purchaser.    


        Notwithstanding
any other provision herein, the Depositor shall furnish to (a) the Purchaser, (b) any Owner of the Preferred Securities reasonably identified to the
Depositor or the Trust (which identification may be made either by such Owner or by the Placement Agent or Purchaser) and (c) any designee of (a) or (b) above, copies of all
correspondence, notices, forms, filings, reports and other documents required to be provided by the Depositor, whether acting through an Administrative Trustee or otherwise, to the Property Trustee or
Delaware, Trustee under this Trust Agreement. 


        SECTION
10.2.    Trustee's Obligations to Purchaser.    


        Notwithstanding
any other provision herein, the Property Trustee shall furnish to (a) the Purchaser, (b) the Placement Agent and (c) a designee of (a) or
(b) above, copies of (i) all correspondence, notices, forms, filings, reports and other documents required to be provided to the Property Trustee or Delaware Trustee by the Depositor,
whether acting through an Administrative Trustee or otherwise, under this Trust Agreement, and (ii) all correspondence, notices, forms, filings, reports and other documents required to be
provided to the Depositor or a Holder by the Property Trustee or Delaware Trustee under this Trust Agreement. 


 
 

ARTICLE XI.    
    
    MISCELLANEOUS PROVISIONS    
    



        SECTION
11.1.    Limitation of Rights of Holders.    


        Except
as set forth in Section 9.2, the death, bankruptcy, termination, dissolution or incapacity of any Person having an interest,
beneficial or otherwise, in Trust Securities shall not operate to terminate this Trust Agreement, nor annul, dissolve or terminate the Trust nor entitle the legal representatives or heirs of such
Person or any Holder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise
affect the rights, obligations and liabilities of the parties hereto or any of them. 


        SECTION
11.2.    Agreed Tax Treatment of Trust and Trust Securities.    


        The
parties hereto and, by its acceptance or acquisition of a Trust Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such
Trust Security intend and agree to treat the Trust as a grantor trust for United States federal, state and local tax purposes, and to treat the Trust Securities (including all payments and proceeds
with respect to such Trust Securities) as undivided beneficial ownership interests in the Trust Property (and payments and proceeds therefrom, respectively) for United States federal, state and local
tax purposes. The provisions of this Trust Agreement shall be interpreted to further this intention and agreement of the parties. 


        SECTION
11.3.    Amendment.    



        (a)   This
Trust Agreement may be amended from time to time by the Property Trustee, the Administrative Trustees and the Holder of all the Common Securities, without the
consent of any Holder of the Preferred Securities, (i) to cure any ambiguity, correct or supplement any provision herein that may be defective or inconsistent with any other provision herein,
or to make any other provisions with respect to matters or questions arising under this Trust Agreement, which shall not be inconsistent with the other provisions of this Trust Agreement,
(ii) to modify, eliminate or add 



45







 

to
any provisions of this Trust Agreement to such extent as shall be necessary to ensure that the Trust will neither be taxable as a corporation nor be classified as other than a grantor trust for
United States federal income tax purposes at all times that any Trust Securities are Outstanding or to ensure that the Notes are treated as indebtedness of the Depositor for United States federal
income tax purposes, or to ensure that the Trust will not be required to register as an "investment company" under the Investment Company Act or (iii) to add to the covenants, restrictions or
obligations of the Depositor; provided, that in the case of clauses (i), (ii) or (iii), such action shall not adversely affect in any material respect the interests of any Holder. 


        (b)   Except
as provided in Section 11.3(c), any provision of this Trust Agreement may be amended by the Property
Trustee, the Administrative Trustees and the Holder of all of the Common Securities and with (i) the consent of Holders of at least a Majority in Liquidation Amount of the Preferred Securities
and (ii) receipt by the Trustees of an Opinion of Counsel to the effect that such amendment or the exercise
of any power granted to the Trustees in accordance with such amendment will not cause the Trust to be taxable as a corporation or classified as other than a grantor trust for United States federal
income tax purposes or affect the treatment of the Notes as indebtedness of the Depositor for United States federal income tax purposes or affect the Trust's exemption from status (or from any
requirement to register) as an "investment company" under the Investment Company Act. 



        (c)   Notwithstanding
any other provision of this Trust Agreement, without the consent of each Holder, this Trust Agreement may not be amended to (i) change the accrual
rate, amount, currency or timing of any Distribution on or the redemption price of the Trust Securities or otherwise adversely affect the amount of any Distribution or other payment required to be
made in respect of the Trust Securities as of a specified date, (ii) restrict or impair the right of a Holder to institute suit for the enforcement of any such payment on or after such date,
(iii) reduce the percentage of aggregate Liquidation Amount of Outstanding Preferred Securities, the consent of whose Holders is required for any such amendment, or the consent of whose Holders
is required for any waiver of compliance with any provision of this Trust Agreement or of defaults hereunder and their consequences provided for in this Trust Agreement; (iv) impair or
adversely affect the rights and interests of the Holders in the Trust Property, or permit the creation of any Lien on any portion of the Trust Property; or (v) modify the definition of
"Outstanding," this Section 11.3(c), Sections 4.1,  4.2, 4.3, 6.10(e) or  Article IX. 



        (d)   Notwithstanding
any other provision of this Trust Agreement, no Trustee shall enter into or consent to any amendment to this Trust Agreement that would cause the Trust
to be taxable as a corporation or to be classified as other than a grantor trust for United States federal income tax purposes or that would cause the Notes to fail or cease to be treated as
indebtedness of the Depositor for United States federal income tax purposes or that would cause the Trust to fail or cease to qualify for the exemption from status (or from any requirement to
register) as an "investment company" under the Investment Company Act. 



        (e)   If
any amendment to this Trust Agreement is made, the Administrative Trustees or the Property Trustee shall promptly provide to the Depositor a copy of such amendment. 


        (f)    No
Trustee shall be required to enter into any amendment to this Trust Agreement that affects its own rights, duties or immunities under this Trust Agreement. The
Trustees shall be entitled to receive an Opinion of Counsel and an Officers' Certificate stating that any amendment to this Trust Agreement is in compliance with this Trust Agreement and all
conditions precedent herein provided for relating to such action have been met. 



        (g)   No
amendment or modification to this Trust Agreement that adversely affects in any material respect the rights, duties, liabilities, indemnities or immunities of the
Delaware Trustee hereunder shall be permitted without the prior written consent of the Delaware Trustee. 



46







 





        SECTION
11.4.    Separability.    



        If
any provision in this Trust Agreement or in the Securities Certificates shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby, and there shall be deemed substituted for the provision at issue a valid, legal and enforceable provision as similar as possible to the
provision at issue. 


        SECTION
11.5.    Governing Law.    


        THIS
TRUST AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF EACH OF THE HOLDERS, THE TRUST, THE DEPOSITOR AND THE TRUSTEES WITH RESPECT TO THIS TRUST AGREEMENT AND THE TRUST SECURITIES SHALL
BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE WITHOUT REFERENCE TO ITS CONFLICTS OF LAWS PROVISIONS. 


        SECTION
11.6.    Successors.    


        This
Trust Agreement shall be binding upon and shall inure to the benefit of any successor to the Depositor, the Trust and any Trustee, including any successor by operation of law.
Except in connection with a transaction involving the Depositor that is permitted under Article VIII of the Indenture and pursuant to which the
assignee agrees in writing to perform the Depositor's obligations hereunder, the Depositor shall not assign its obligations hereunder. 


        SECTION
11.7.    Headings.    


        The
Article and Section headings are for convenience only and shall not affect the construction of this Trust Agreement. 


        SECTION
11.8.    Reports, Notices and Demands.    



        (a)   Any
report, notice, demand or other communication that by any provision of this Trust Agreement is required or permitted to be given or served to or upon any Holder or
the Depositor may be given or served in writing delivered in person, or by reputable, overnight courier, by telecopy or by deposit thereof, first-class postage prepaid, in the United States mail,
addressed, (a) in the case of a Holder of
Preferred Securities, to such Holder as such Holder's name and address may appear on the Securities Register; and (b) in the case of the Holder of all the Common Securities or the Depositor, to
Georgia Bancshares, Inc., 100 Westpark Drive, Peachtree City, Georgia 30269, Attention: Chief Financial Officer, or to such other address as may be specified in a written notice by the Holder
of all the Common Securities or the Depositor, as the case may be, to the Property Trustee. Such report, notice, demand or other communication to or upon a Holder or the Depositor shall be deemed to
have been given when received in person, within one (1) Business Day following delivery by overnight courier, when telecopied with receipt confirmed, or within three (3) Business Days
following delivery by mail, except that if a notice or other document is refused delivery or cannot be delivered because of a changed address of which no notice was given, such notice or other
document shall be deemed to have been delivered on the date of such refusal or inability to deliver. 


        (b)   Any
notice, demand or other communication that by any provision of this Trust Agreement is required or permitted to be given or served to or upon the Property Trustee,
the Delaware Trustee, the Administrative Trustees, the Trust, the Placement Agent or the Purchaser shall be given in writing by deposit thereof, first-class postage prepaid, in the U.S. mail, personal
delivery or facsimile transmission, addressed to such Person as follows: (a) with respect to the Property Trustee to Wilmington Trust Company, Rodney Square North, 1100 North Market Street,
Wilmington, Delaware 19890-1600, Attention: Corporate Trust Administration, facsimile no. (302) 636-4140; (b) with respect to the Delaware Trustee, to Wilmington
Trust Company, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-1600, Attention: Corporate 



47







 




Trust
Administration, facsimile no. (302) 636-4140; (c) with respect to the Administrative Trustees, to them at the address above for notices to the Depositor, marked
"Attention: Administrative Trustees of Georgia Bancshares Capital Trust I"; (d) with respect to the Trust, to its principal executive office specified in  Section 2.2, with a copy to the
Property Trustee; (e) with respect to the Placement Agent, to SunTrust Capital Markets, Inc., 303
Peachtree Street, N.E., 24th Floor, Mail Code 3950, Atlanta, Georgia 30308, facsimile no. (404) 813-5000, and (f) with respect to the Purchaser, to STI
Investment Management, Inc., 2202 Polly Drummond Office Park, Newark, Delaware 19711, facsimile no. (302) 737-3425. Such notice, demand or other communication to or upon the
Trust, the Property Trustee or the Administrative Trustees shall be deemed to have been sufficiently given or made only upon actual receipt of the writing by the Trust, the Property Trustee or the
Administrative Trustees. 




        SECTION
11.9.    Agreement Not to Petition.    


        Each
of the Trustees and the Depositor agree for the benefit of the Holders that, until at least one year and one day after the Trust has been terminated in accordance with  Article IX, they shall not
file, or join in the filing of, a petition against the Trust under any Bankruptcy Law or otherwise join in the
commencement of any proceeding against the Trust under any Bankruptcy Law. If the Depositor takes action in violation of this Section 11.9, the
Property Trustee agrees, for the benefit of Holders, that at the expense of the Depositor, it shall file an answer with the applicable bankruptcy court or otherwise properly contest the filing of such
petition by the Depositor against the Trust or the commencement of
such action and raise the defense that the Depositor has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as counsel for the
Property Trustee or the Trust may assert. 



        This
instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one
and the same instrument. 


[REMAINDER
OF THIS PAGE INTENTIONALLY LEFT BLANK] 


48








        IN
WITNESS WHEREOF, the parties hereto have executed this Amended and Restated Trust Agreement as of the day and year first above written. 



	

 	

 	
 	

GEORGIA BANCSHARES, INC.

as Depositor
	

 	

 	
 	

By:	

  

	 	 	 	 	Name:  C. Lynn Gable

Title:    Chief Financial Officer
	

WILMINGTON TRUST COMPANY, as Property Trustee	
 	

WILMINGTON TRUST COMPANY, as Delaware Trustee
	

By:	

  
	
 	

By:	

  

	 	Name:

Title:	 	 	Name:

Title:
	

 	

 	
 	

 	

 
	

 	

 	
 	

 	

 
	  
 Name:  Ira P. Shepherd, III

Administrative Trustee	 	  
 Name:  Malcolm R. Godwin

Administrative Trustee
	

 	

 	
 	

 	

 
	

 	

 	
 	

 	

 
	  
 Name:  Rick A. Duncan

Administrative Trustee	 	 	 










   Exhibit A  


CERTIFICATE OF TRUST

OF

GEORGIA BANCSHARES CAPITAL TRUST I  


        This Certificate of Trust of Georgia Bancshares Capital Trust I (the "Trust") is being duly executed and filed on behalf of the Trust by the undersigned, as
trustees, to form a statutory trust under the Delaware Statutory Trust Act (12 Del. C. §3801 et
seq.) (the "Act"). 


        1.     Name. The name of the statutory trust formed by this Certificate of Trust is: Georgia Bancshares Capital Trust I. 


        2.     Delaware Trustee. The name and business address of the trustee of the Trust with its principal place of business in the
State of Delaware are Wilmington Trust Company, Rodney Square North, 1100 North Market Street, Wilmington, DE 19890-1600, Attention: Corporate Trust Administration. 



        3.     Effective Date. This Certificate of Trust shall be effective upon its filing with the Secretary of State of the State of
Delaware. 


        IN
WITNESS WHEREOF, the undersigned have duly executed this Certificate of Trust in accordance with Section 3811(a)(1) of the Act. 



	

 	

Wilmington Trust Company, not in its individual capacity, but solely as Property Trustee
	

 	

By:	

  

	 	 	Name:
	 	 	Title:
	

 	

Wilmington Trust Company, not in its individual capacity, but solely as Delaware Trustee
	

 	

By:	

  

	 	 	Name:
	 	 	Title:




A-1








   Exhibit B  


[FORM
OF COMMON SECURITIES CERTIFICATE] 


THIS
COMMON SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS OR ANY OTHER APPLICABLE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD, PLEDGED OR
OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EXEMPTION FROM REGISTRATION. THIS CERTIFICATE IS NOT TRANSFERABLE EXCEPT IN COMPLIANCE WITH APPLICABLE LAW AND SECTION 5.11 OF THE TRUST AGREEMENT 



	Certificate Number	 	202 Common Securities
	 	
 C-	
 	

 




Certificate
Evidencing Common Securities

of

Georgia Bancshares Capital Trust I

Floating Rate Common Securities

(liquidation amount $1,000 per Common Security) 


        Georgia
Bancshares Capital Trust I, a statutory trust created under the laws of the State of Delaware (the "Trust"), hereby certifies that Georgia Bancshares, Inc., a Georgia
corporation, (the "Holder") is the registered owner of 202 common securities of the Trust representing undivided common beneficial interests in the assets of the Trust and designated the Georgia
Bancshares Capital Trust I Floating Rate Common Securities (liquidation amount $1,000 per Common Security) (the "Common Securities"). Except in accordance with  Section 5.11 of the Trust Agreement
(as defined below), the Common Securities are not transferable and, to the fullest extent permitted by law,
any attempted transfer hereof other than in accordance therewith shall be void. The designations, rights, privileges, restrictions, preferences and other terms and provisions of the Common Securities
are set forth in, and this certificate and the Common Securities represented hereby are issued and shall in all respects be subject to the terms and provisions of, the Amended and Restated Trust
Agreement of the Trust, dated as of September 29, 2004, as the same may be amended from time to time (the "Trust Agreement"), among Georgia Bancshares, Inc., as Depositor, Wilmington
Trust Company, as Property Trustee, Wilmington Trust Company, as Delaware Trustee, the Administrative Trustees named therein and the Holders, from time to time, of Trust Securities. The Trust will
furnish a copy of the Trust Agreement to the Holder without charge upon written request to the Trust at its principal place of business or registered office. 



        Upon
receipt of this certificate, the Holder is bound by the Trust Agreement and is entitled to the benefits thereunder. 


        This
Common Securities Certificate shall be governed by and construed in accordance with the laws of the State of Delaware. 


        Terms
used but not defined herein have the meanings set forth in the Trust Agreement. 


B-1







 



        In
Witness Whereof, one of the Administrative Trustees of the Trust has executed on behalf of the Trust this certificate this            day
of                        .
 



	 	 	GEORGIA BANCSHARES CAPITAL TRUST I
	

 	
 	

By:	

 Name:

Administrative Trustee




B-2








   Exhibit C  


[FORM
OF PREFERRED SECURITIES CERTIFICATE] 


        "THIS
PREFERRED SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE TRUST AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY ("DTC") OR A
NOMINEE OF DTC. THIS PREFERRED SECURITY IS EXCHANGEABLE FOR PREFERRED SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN DTC OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
TRUST AGREEMENT, AND NO TRANSFER OF THIS PREFERRED SECURITY (OTHER THAN A TRANSFER OF THIS PREFERRED SECURITY AS A WHOLE BY DTC TO A NOMINEE OF DTC OR BY A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE OF
DTC) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES. 


        UNLESS
THIS PREFERRED SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO GEORGIA BANCSHARES CAPITAL TRUST I OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND ANY PREFERRED SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 


        THE
PREFERRED SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), AND SUCH PREFERRED SECURITIES OR ANY INTEREST THEREIN MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER
OF ANY PREFERRED SECURITIES IS HEREBY NOTIFIED THAT THE SELLER OF THE PREFERRED SECURITIES
MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A UNDER THE SECURITIES ACT. 


        THE
HOLDER OF THE PREFERRED SECURITIES REPRESENTED BY THIS CERTIFICATE AGREES FOR THE BENEFIT OF THE TRUST AND THE DEPOSITOR THAT (A) SUCH PREFERRED SECURITIES MAY BE OFFERED,
RESOLD OR OTHERWISE TRANSFERRED ONLY (I) TO THE TRUST, (II) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A UNDER THE
SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (III) TO AN INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (a) (1), (2), (3) OR
(7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THE SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF AN "ACCREDITED INVESTOR," FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR
FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, (IV) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR (V) PURSUANT
TO AN EXEMPTION FROM THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND, IN THE CASE OF
(III) OR (V), SUBJECT TO THE RIGHT OF THE TRUST AND THE DEPOSITOR TO 


C-1







 



REQUIRE
AN OPINION OF COUNSEL AND OTHER INFORMATION SATISFACTORY TO EACH OF THEM AND (B) THE HOLDER WILL NOTIFY ANY PURCHASER OF ANY PREFERRED SECURITIES FROM IT OF THE RESALE RESTRICTIONS
REFERRED TO IN (A) ABOVE. 


        THE
PREFERRED SECURITIES WILL BE ISSUED AND MAY BE TRANSFERRED ONLY IN BLOCKS HAVING AN AGGREGATE LIQUIDATION AMOUNT OF NOT LESS THAN $100,000. TO THE FULLEST EXTENT PERMITTED BY LAW,
ANY ATTEMPTED TRANSFER OF PREFERRED SECURITIES OR ANY INTEREST THEREIN IN A BLOCK HAVING AN AGGREGATE LIQUIDATION AMOUNT OF LESS THAN $100,000 AND MULTIPLES OF $1,000 IN EXCESS THEREOF SHALL BE DEEMED
TO BE VOID AND OF NO LEGAL EFFECT WHATSOEVER. TO THE FULLEST EXTENT PERMITTED BY LAW, ANY SUCH PURPORTED TRANSFEREE SHALL BE DEEMED NOT TO BE THE HOLDER OF SUCH PREFERRED SECURITIES FOR ANY PURPOSE,
INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF LIQUIDATION AMOUNT OF OR DISTRIBUTIONS ON SUCH PREFERRED SECURITIES OR ANY INTEREST THEREIN, AND SUCH PURPORTED TRANSFEREE SHALL BE DEEMED TO HAVE NO
INTEREST WHATSOEVER IN SUCH PREFERRED SECURITIES. 


        THE
HOLDER OF THIS SECURITY OR ANY INTEREST THEREIN BY ITS ACCEPTANCE HEREOF OR THEREOF ALSO AGREES, REPRESENTS AND WARRANTS THAT IT IS NOT AN EMPLOYEE BENEFIT, INDIVIDUAL RETIREMENT
ACCOUNT OR OTHER PLAN OR ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE INTERNAL
REVENUE CODE OF 1986, AS AMENDED (THE "CODE") (EACH A "PLAN"), OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE "PLAN ASSETS" BY REASON OF ANY PLAN'S INVESTMENT IN THE ENTITY, AND NO PERSON INVESTING
"PLAN ASSETS" OF ANY PLAN MAY ACQUIRE OR HOLD THIS PREFERRED SECURITY OR ANY INTEREST THEREIN, UNLESS SUCH PURCHASER OR HOLDER IS ELIGIBLE FOR THE EXEMPTIVE RELIEF AVAILABLE UNDER U.S. DEPARTMENT OF
LABOR PROHIBITED TRANSACTION CLASS EXEMPTION 96-23, 95-60, 91-38, 90-1 OR 84-14 OR ANOTHER APPLICABLE EXEMPTION OR ITS PURCHASE AND HOLDING
OF THIS SECURITY OR ANY INTEREST THEREIN IS NOT PROHIBITED BY SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE WITH RESPECT TO SUCH PURCHASE OR HOLDING. ANY PURCHASER OR HOLDER OF THE PREFERRED
SECURITIES OR ANY INTEREST THEREIN WILL BE DEEMED TO HAVE REPRESENTED BY ITS PURCHASE AND HOLDING THEREOF THAT EITHER (i) IT IS NOT AN EMPLOYEE BENEFIT PLAN WITHIN THE MEANING OF SECTION 3(3)
OF ERISA, OR A PLAN TO WHICH SECTION 4975 OF THE CODE IS APPLICABLE, A TRUSTEE OR OTHER PERSON ACTING ON BEHALF OF AN EMPLOYEE BENEFIT PLAN OR PLAN, OR ANY OTHER PERSON OR ENTITY USING THE ASSETS OF
ANY EMPLOYEE BENEFIT PLAN OR PLAN TO FINANCE SUCH PURCHASE, OR (ii) SUCH PURCHASE OR HOLDING WILL NOT RESULT IN A PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE
FOR WHICH THERE IS NO APPLICABLE STATUTORY OR ADMINISTRATIVE EXEMPTION. 


        THIS
OBLIGATION IS NOT A DEPOSIT AND IS NOT INSURED BY THE UNITED STATES OR ANY AGENCY OR FUND OF THE UNITED STATES, INCLUDING THE FEDERAL DEPOSIT INSURANCE CORPORATION (THE "FDIC"). 


C-2







 


	Certificate Number	 	6,500 Preferred Securities

$6,500,000 Aggregate Liquidation Amount




CUSIP
NO.

373111 AA 1 




Certificate
Evidencing Preferred Securities

of

Georgia Bancshares Capital Trust I

Floating Rate Preferred Securities

(liquidation amount $1,000 per Preferred Security) 


        Georgia
Bancshares Capital Trust I, a statutory trust created under the laws of the State of Delaware (the "Trust"), hereby certifies that Cede & Co. (the "Holder") is the
registered owner of 6,500 Preferred Securities, or such other number of Preferred Securities represented hereby as may be set forth in the records of the Securities Registrar hereinafter referred to
in accordance with the Trust Agreement (as defined below), of the Trust representing an undivided preferred beneficial interest in the assets of the Trust and designated the Georgia Bancshares Capital
Trust I Floating Rate Preferred Securities (liquidation amount $1,000 per Preferred Security) (the "Preferred Securities"). The Preferred Securities are transferable on the books and records of the
Trust, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer as provided in  Section 5.7 of the Trust Agreement (as defined
below). The designations, rights, privileges, restrictions, preferences and other terms and
provisions of the Preferred Securities are set forth in, and this certificate and the Preferred Securities represented hereby are issued and shall in all respects be subject to the terms and
provisions of, the Amended and Restated Trust Agreement of the Trust, dated as of September 29, 2004, as the same may be amended from time to time (the "Trust Agreement"), among Georgia
Bancshares, Inc., a Georgia corporation, as Depositor, Wilmington Trust Company, as Property Trustee, Wilmington Trust Company, as Delaware Trustee, the Administrative Trustees named therein
and the Holders, from time to time, of Trust Securities. The Holder is entitled to the benefits of the Guarantee Agreement entered into by Georgia Bancshares, Inc. and Wilmington Trust Company,
as Guarantee Trustee, dated as of September 29, 2004, as the same may be amended from time to time (the "Guarantee Agreement"), to the extent provided therein. The Trust will furnish a copy of
each of the Trust Agreement and the Guarantee Agreement to the Holder without charge upon written request to the Property Trustee at its principal place of business or registered office. 


        Upon
receipt of this certificate, the Holder is bound by the Trust Agreement and is entitled to the benefits thereunder. 


        This
Preferred Securities Certificate shall be governed by and construed in accordance with the laws of the State of Delaware. 


        All
capitalized terms used but not defined in this Preferred Securities Certificate are used with the meanings specified in the Trust Agreement, including the Schedules and Exhibits
thereto. 


C-3







 

        IN WITNESS WHEREOF, one of the Administrative Trustees of the Trust has executed on behalf of the Trust this certificate this
    day of                        ,            .




	 	 	GEORGIA BANCSHARES CAPITAL TRUST I
	

 	
 	

By:	

  
 Name:

Administrative Trustee





        This
is one of the Preferred Securities referred to in the within-mentioned Trust Agreement. 


Dated:




	 	 	Wilmington Trust Company, not in its individual capacity, but solely as Property Trustee
	

 	
 	

By:	

  
 Authorized officer




C-4







 
[FORM
OF REVERSE OF SECURITY] 


        The
Trust promises to pay Distributions from September 29, 2004, or from the most recent Distribution Date to which Distributions have been paid or duly provided for, quarterly
(subject to deferral as set forth herein) in arrears on January 18, April 18, July 18 and October 18 of each year, commencing on October 18, 2004, at an annual rate
equal to [    %] beginning on (and including) the date of original issuance and ending on (but excluding) October 18, 2004, and for each successive period
beginning on (and including) October 18, 2004, and each successive Distribution Date, and ending on (but excluding) the next succeeding Distribution Date, at a variable rate per annum, reset
quarterly, equal to LIBOR plus 2.60% of the Liquidation Amount of the Preferred Securities represented by this Preferred Securities Certificate thereafter, together with any Additional Interest
Amounts, in respect to such period. 


        Distributions
on the Trust Securities shall be made by the Paying Agent from the Payment Account and shall be payable on each Distribution Date only to the extent that the Trust has
funds then on hand and available in the Payment Account for the payment of such Distributions. 



        In
the event (and to the extent) that the Depositor exercises its right under the Indenture to defer the payment of interest on the Notes, Distributions on the Preferred Securities shall
be deferred. 


        Under
the Indenture, so long as no Note Event of Default pursuant to paragraphs (c), (e) or (f) of Section 5.1 of the
Indenture has occurred and is continuing, the Depositor shall have the right, at any time and from time to time during the term of the Notes, to defer the payment of interest on the
Notes for a period of up to twenty (20) consecutive quarterly interest payment periods (each such extended interest payment period, an "Extension Period"), during which Extension Period no
interest shall be due and payable (except any Additional Tax Sums that may be due and payable). No interest on the Notes shall be due and payable during an Extension Period, except at the end thereof,
but each installment of interest that would otherwise have been due and payable during such Extension Period shall bear Additional Interest (to the extent payment of such interest would be legally
enforceable) at a variable rate per annum, reset quarterly, equal to LIBOR plus 2.60%, compounded quarterly, from the dates on which amounts would have otherwise been due and payable until paid or
until funds for the payment thereof have been made available for payment. If Distributions are deferred, the deferred Distributions (including Additional Interest Amounts) shall be paid on the date
that the related Extension Period terminates to Holders (as defined in the Trust Agreement) of the Trust Securities as they appear on the books and records of the Trust on the record date immediately
preceding such termination date. 


        Distributions
on the Securities must be paid on the dates payable (after giving effect to any Extension Period) to the extent that the Trust has funds available for the payment of such
Distributions in the Payment Account of the Trust. The Trust's funds available for Distribution to the Holders of the Preferred Securities will be limited to payments received from the Depositor. The
payment of Distributions out of moneys held by the Trust is guaranteed by the Depositor pursuant to the Guarantee Agreement. 



        During
any such Extension Period, the Depositor shall not (i) declare or pay any dividends or distributions on, or redeem, purchase, acquire or make a liquidation payment with
respect to, any of the Depositor's capital stock or (ii) make any payment of principal of or any interest or premium on or repay, repurchase or redeem any debt securities of the Depositor that
rank pari passu in all respects with or junior in interest to the Notes (other than (a) repurchases, redemptions or other acquisitions of shares
of capital stock of the Depositor in connection with (1) any employment contract, benefit plan or other similar arrangement with or for the benefit of any one or more employees, officers,
directors or consultants, (2) a dividend reinvestment or stockholder stock purchase plan or (3) the issuance of capital stock of the Depositor (or securities convertible into or
exercisable for such capital stock) as consideration in an acquisition transaction entered into prior to the applicable Extension Period, (b) as 


C-5







 



a
result of an exchange or conversion of any class or series of the Depositor's capital stock (or any capital stock of a Subsidiary (as defined in the Indenture) of the Depositor) for any class or
series of the Depositor's capital stock or of any class or series of the Depositor's indebtedness for any class or series of the Depositor's capital stock, (c) the purchase of fractional
interests in shares of the Depositor's capital stock pursuant to the conversion or exchange provisions of such capital stock or the security being converted or exchanged, (d) any declaration of
a dividend in connection with any Rights Plan (as defined in the Indenture), the issuance of rights, stock or other property under any Rights Plan, or the redemption or repurchase of rights pursuant
thereto or (e) any dividend in the form of stock, warrants, options or other rights where the dividend stock or the stock issuable upon exercise of such warrants, options or other rights is the
same stock as that on which the dividend is being paid or ranks pari passu with or junior to such stock). 


        On
each Note Redemption Date, on the stated maturity (or any date of principal repayment upon early maturity) of the Notes and on each other date on (or in respect of) which any
principal on the Notes is repaid, the Trust will be required to redeem a Like Amount of Trust Securities at the Redemption Price. Under the Indenture, the Notes may be redeemed by the Depositor on any
Interest Payment Date, at the Depositor's option, on or after October 18, 2009, in whole or in part from time to time at a redemption price equal to one hundred percent (100%) of the principal
amount thereof or the redeemed portion thereof, as applicable, together, in the case of any such redemption, with accrued interest, including any Additional Interest, to but excluding the date fixed
for redemption; provided, that the Depositor shall have received the prior approval of the Federal Reserve if then required. The Notes may also be redeemed by the Depositor, at its option, at any
time, in whole but not in part, upon the occurrence of a Capital Disqualification Event, an Investment Company Event or a Tax Event at the Special Event Redemption Price. 



        The
Trust Securities redeemed on each Redemption Date shall be redeemed at the Redemption Price with the proceeds from the contemporaneous redemption or payment at maturity of Notes.
Redemptions of the Trust Securities (or portion thereof) shall be made and the Redemption Price shall be payable on each Redemption Date only to the extent that the Trust has funds then on hand and
available in the Payment Account for the payment of such Redemption Price. 


        Payments
of Distributions (including any Additional Interest Amounts), the Redemption Price, Liquidation Amount or any other amounts in respect of the Preferred Securities shall be made
by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing at least ten (10) Business Days prior to the date for payment by
the Person entitled thereto unless proper written transfer instructions have not been received by the relevant record date, in which case such payments shall be made by check mailed to the address of
such Person as such address shall appear in the Security Register. If any Preferred Securities are held by a Depositary, such Distributions shall be made to the Depositary in immediately available
funds. 


        The
indebtedness evidenced by the Notes is, to the extent provided in the Indenture, subordinate and junior in right of payment to the prior payment in full of all Senior Debt (as
defined in the Indenture), and this Security is issued subject to the provisions of the Indenture with respect thereto. 


C-6







 
ASSIGNMENT



        FOR VALUE RECEIVED, the undersigned assigns and transfers this Preferred Securities Certificate to: 


(Insert
assignee's social security or tax identification number) 


(Insert
address and zip code of assignee) 


and
irrevocably appoints 


agent
to transfer this Preferred Securities Certificate on the books of the Trust. The agent may substitute another to act for him or her. 



	Date:	 	  

	

Signature:	
 	

  
 (Sign exactly as your name appears on the other side of this Preferred Securities Certificate)





The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership
in an approved signature guarantee medallion program), pursuant to S.E.C. Rule 17Ad-15. 


C-7








  



Exhibit D  


 
 

Junior Subordinated Indenture    
    


D-1








  



Exhibit E  


 
 

FORM OF TRANSFEREE CERTIFICATE
  TO BE EXECUTED BY TRANSFEREES OTHER THAN QIBS    
    


______________,
[    ] 


Georgia
Bancshares, Inc.

Georgia Bancshares Capital Trust I

100 Westpark Drive

Peachtree City, Georgia 30269 



	Re:
	Purchase
of $1,000 stated liquidation amount of Floating Rate Preferred Securities (the "Preferred Securities") of Georgia Bancshares Capital Trust I 




Ladies
and Gentlemen: 


        In
connection with our purchase of the Preferred Securities we confirm that: 


        1.     We
understand that the Floating Rate Preferred Securities (the "Preferred Securities") of Georgia Bancshares Capital Trust I (the "Trust") (including the guarantee (the
"Guarantee") of Georgia Bancshares, Inc. (the "Company") executed in connection therewith) and the Floating Rate Junior Subordinated Notes due 2034 of the Company (the "Subordinated Notes")
(the Preferred Securities, the Guarantee and the Subordinated Notes together being referred to herein as the "Offered Securities"), have not been registered under the Securities Act of 1933, as
amended (the "Securities Act"), and may not be offered or sold except as permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are
purchasing the Offered Securities that, if we decide to offer, sell or otherwise transfer any such Offered Securities, (i) such offer, sale or transfer will be made only (a) to the
Trust, (b) to a person we reasonably believe is a "qualified institutional buyer" (a "QIB") (as defined in Rule 144 under the Securities Act) in a transaction meeting the requirements of
Rule 144A, (c) to an institutional "accredited investor" within the meaning of subparagraph (a) (1), (2), (3) or (7) of Rule 501 under the Securities Act that
is acquiring Offered Securities for its own account, or for the account of such an "accredited investor," for investment purposes and not with a view to, or for offer or sale in connection with, any
distribution thereof in violation of the Securities Act, (d) pursuant to an effective registration statement under the Securities Act, or (e) pursuant to an exemption from the Securities
Act, in each case in accordance with any applicable securities laws of any state of the United States or any other applicable jurisdiction and, in the case of (c) or (e), subject to the right
of the Trust and the depositor to require an opinion of counsel and other information satisfactory to each of them. The foregoing restrictions on resale will not apply subsequent to the date on which,
in the written opinion of counsel, the Preferred Securities are not "restricted securities" within the meaning of Rule 144 under the Securities Act. If any resale or other transfer of the
Offered Securities is proposed to be made pursuant to clause (c) or (e) above, the transferor shall deliver a letter from the transferee substantially in the form of this letter to the
Property Trustee as Transfer Agent, which shall provide as applicable, among other things, that the transferee is an "accredited investor" within the meaning of subparagraph (a) (1), (2),
(3) or (7) of Rule 501 under the Securities Act that is acquiring such Securities for investment purposes and not for distribution in violation of the Securities Act. We
acknowledge on our behalf and on behalf of any investor account for which we are purchasing Securities that the Trust and the Company reserve the right prior to any offer, sale or other transfer
pursuant to clause (c) or (e) to require the delivery of any opinion of counsel, certifications and/or other information satisfactory to the Trust and the Company. We understand that the
certificates for any Offered Security that we receive will bear a legend substantially to the effect of the foregoing. 



        2.     We
are an "accredited investor" within the meaning of subparagraph (a) (1), (2), (3) or (7) of Rule 501 under the Securities Act purchasing
for our own account or for the account of such an "accredited investor," and we are acquiring the Offered Securities for investment purposes and not 


E-1







 



with
view to, or for offer or sale in connection with, any distribution in violation of the Securities Act, and we have such knowledge and experience in financial and business matters as to be capable
of evaluating the merits and risks of our investment in the Offered Securities, and we and any account for which we are acting are each able to bear the economic risks of our or its investment. 


        3.     We
are acquiring the Offered Securities purchased by us for our own account (or for one or more accounts as to each of which we exercise sole investment discretion and
have authority to make, and do make, the statements contained in this letter) and not with a view to any distribution of the Offered Securities, subject, nevertheless, to the understanding that the
disposition of our property will at all times be and remain within our control. 



        4.     In
the event that we purchase any Preferred Securities or any Subordinated Notes, we will acquire such Preferred Securities having an aggregate stated liquidation amount
of not less than $100,000 or such Subordinated Notes having an aggregate principal amount not less than $100,000, for our own account and for each separate account for which we are acting. 


        5.     We
acknowledge that we either (A) are not a fiduciary of a employee benefit, individual retirement account or other plan or arrangement subject to Title I of the
Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Internal Revenue Code of 1986, as amended (the "Code") (each a "Plan"), or an entity whose
underlying assets include "plan assets" by reason of any Plan's investment in the entity, and are not purchasing the Offered Securities on behalf of or with "plan assets" by reason of any Plan's
investment in the entity, (B) are eligible for the exemptive relief available under one or more of the following prohibited transaction class exemptions ("PTCEs") issued by the U.S. Department
of Labor: PTCE 96-23, 95-60, 91-38, 90-1 or 84-14 or another applicable exemption, or (C) our purchase and holding of this security,
or any interest therein, is not prohibited by Section 406 of ERISA or Section 4975 of the Code with respect to such purchase or holding. 


        6.     We
acknowledge that the Trust and the Company and others will rely upon the truth and accuracy of the foregoing acknowledgments, representations, warranties and
agreements and agree that if any of the acknowledgments, representations, warranties and agreements deemed to have been made by our purchase of the Offered Securities are no longer accurate, we shall
promptly notify the Company. If we are acquiring any Offered Securities as a fiduciary or agent for one or more investor accounts, we represent that we have sole discretion with respect to each such
investor account and that we have full power to make the foregoing acknowledgments, representations and agreement on behalf of each such investor account. 



	 	 	(Name of Purchaser)
	

 	
 	

By:	

  

	

 	
 	

Date:	

  






        Upon
transfer, the Offered Securities would be registered in the name of the new beneficial owner as follows. 



	Name:	  
	 	 
	

Address:	

  
	
 	

 





	

Taxpayer ID Number:	

  
	
 	

 




E-2








  



Exhibit F  


 
 

FORM OF TRANSFEROR CERTIFICATE
  TO BE EXECUTED FOR QIBs    
    


______________,
[    ] 


Georgia
Bancshares, Inc.

Georgia Bancshares Capital Trust I

100 Westpark Drive

Peachtree City, Georgia 30269 


	Re:
	Purchase
of $1,000 stated liquidation amount of Floating Rate Preferred Securities (the "Preferred Securities") of Georgia Bancshares Capital Trust I 




        Reference
is hereby made to the Amended and Restated Trust Agreement of Georgia Bancshares Capital Trust I, dated as of September 29, 2004 (the "Trust Agreement"), among Ira P.
Shepherd III, Malcolm R. Godwin and Rick A. Duncan, as Administrative Trustees, Wilmington Trust Company, as Delaware Trustee, Wilmington Trust Company, as Property Trustee, Georgia
Bancshares, Inc., as Depositor, and the holders from time to time of undivided beneficial interests in the assets of Georgia Bancshares Capital Trust I. Capitalized terms used but not defined
herein shall have the meanings given them in the Trust Agreement. 


        This
letter relates to $                        aggregate liquidation amount of Preferred Securities which are held in the name
of                        (the "Transferor").
 


        In
accordance with Article V of the Trust Agreement, the Transferor hereby certifies that such Preferred Securities are being transferred in accordance with (i) the
transfer restrictions set forth in the Preferred Securities and (ii) Rule 144A under the Securities Act ("Rule 144A"), to a transferee that the Transferor reasonably believes is
purchasing the Preferred Securities for its own account or an account with respect to which the transferee exercises sole investment discretion and the transferee and any such account is a "qualified
institutional buyer" within the meaning of Rule 144A, in a transaction meeting the requirements of Rule 144A and in accordance with applicable securities laws of any state of the United
States or any other jurisdiction. 


        You
are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceeding or
official inquiry with respect to the matters covered hereby. 



	 	 	 	 	(Name of Transferor)
	

 	
 	

 	
 	

By:	

  
 Name:

Title:
	

 	
 	

 	
 	

 	

 
	Date:	 	  
	 	 	 




F-1








  



Exhibit G  


 
 

Officer's Certificate    
    


        The undersigned, the [Chief Financial Officer] [Treasurer] [Executive Vice President]
hereby certifies, pursuant to Section 8.16(b) of the Amended and Restated Trust Agreement, dated as of September 29, 2004, among Georgia Bancshares, Inc. (the "Company"),
Wilmington Trust Company, as property trustee, Wilmington Trust Company, as Delaware trustee and the administrative trustees named therein, that, as of [date],
[20    ], the Company had the following ratios and balances: 


BANK HOLDING COMPANY

As of [Quarterly Financial Dates]  



	Tier 1 Risk Weighted Assets	 	 	 	%
	Ratio of Double Leverage	 	 	 	%
	Non-Performing Assets to Loans and OREO	 	 	 	%
	Tangible Common Equity as a Percentage of Tangible Assets	 	 	 	%
	Ratio of Reserves to Non-Performing Loans	 	 	 	%
	Ratio of Net Charge-Offs to Loans	 	 	 	%
	Return on Average Assets (annualized)	 	 	 	%
	Net Interest Margin (annualized)	 	 	 	%
	Efficiency Ratio	 	 	 	%
	Ratio of Loans to Assets	 	 	 	%
	Ratio of Loans to Deposits	 	 	 	%
	Total Assets	 	$	 	 
	Year to Date Income	 	$	 	 




	*
	A
table describing the quarterly report calculation procedures is provided on page     



[FOR FISCAL YEAR END: Attached hereto are the audited consolidated financial statements (including the balance sheet, income statement and
statement of cash flows, and notes thereto, together with the report of the independent accountants thereon) of the Company and its consolidated subsidiaries for the three years
ended            ,
20    .] 


[FOR FISCAL QUARTER END: Attached hereto are the unaudited consolidated and consolidating financial statements (including the balance sheet
and income statement) of the Company and its consolidated subsidiaries for the fiscal quarter] ended [date], 20    . 


The
financial statements fairly present in all material respects, in accordance with U.S. generally accepted accounting principles ("GAAP"), the financial position of the Company and its consolidated
subsidiaries, and the results of operations and changes in financial condition as of the date, and for the [    quarter interim] [annual]
period ended [date], 20    , and such financial statements have been prepared in accordance with GAAP consistently applied throughout the period involved (expect as
otherwise noted therein). 


G-1







 

        IN
WITNESS WHEREOF, the undersigned has executed this Officer's Certificate as of this            day
of                        , 20    



	

 	
 	

 Name:

Title:
	

 	
 	

GEORGIA BANCSHARES, INC.

100 Westpark Drive

Peachtree City, Georgia 30269

(770) 631-9844




G-2









   Financial Definitions  



	Report Item
	 	Corresponding FRY-9C or LP Line Items with

Line Item corresponding Schedules
	 	Description of

Calculation

	Tier 1 Risk Weighted Assets	 	BHCK7206

Schedule HC-R	 	Tier 1 Risk Ratio: Core Capital (Tier 1)/ Risk-Adjusted Assets
	

Ratio of Double Leverage	
 	

(BHCP0365)/(BCHCP3210)

Schedule PC in the LP	
 	

Total equity investments in subsidiaries divided by the total equity capital. This field is calculated at the parent company level. "Subsidiaries" include bank, bank holding company, and non-bank subsidiaries.
	

Non-Performing Assets to Loans and OREO	
 	

(BHCK5525-BHCK3506+BHCK5526-

BHCK3507 +BHCK2744)/(BHCK2122

+BHCK2744)

Schedules HC-C, HC-M & HC-N	
 	

Total Nonperforming Assets (NPLs+Foreclosed Real Estate+Other Nonaccrual & Repossessed Assets)/Total Loans+Foreclosed Real Estate
	

Tangible Common Equity as a Percentage of Tangible Assets	
 	

(BHDM3210-BHCK3163)/(BHCK2170-BHCK3163)

Schedule HC	
 	

(Equity Capital—Goodwill)/(Total Assets—Goodwill)
	

Ratio of Reserves to Non-Performing Loans	
 	

(BHCK3123+BHCK3128)/(BHCK5525-BHCK3506+BHCK5526-

BHCK3507)

Schedules HC & HC-N & HC-R	
 	

Total Loan Loss and Allocated Transfer Risk Reserves/Total Nonperforming Loans (Nonaccrual + Restructured)
	

Ratio of Net Charge-Offs to Loans	
 	

(BHCK4635-BHCK4605)/(BHCK3516)

Schedules HC-B & HC-K	
 	

Net charge offs for the period as a percentage of average loans.
	

Return on Average Assets (annualized)	
 	

(BHCK4340/BHCK3368)

Schedules HI & HC-K	
 	

Net Income as a percentage of Assets.
	

Net Interest Margin (annualized)	
 	

(BHCK4519)/(BHCK3515+BHCK3365+BHCK3516

+BHCK3401+BHCKB985)

Schedules HI Memorandum and HC-K	
 	

(Net Interest Income Fully Taxable Equivalent, if available/Average Earning Assets)
	 	 	 	 	 





G-3







 

	

Efficiency Ratio	
 	

(BHCK4093)/(BHCK4519+BHCK4079)

Schedule HI	
 	

(Non-interest Expense)/(Net Interest Income Fully Taxable Equivalent, if available, plus Non-interest Income)
	

Ratio of Loans to Assets	
 	

(BHCKB528+BHCK5369)/(BHCK2170)

Schedule HC	
 	

Total Loans & Leases (Net of Unearned Income & Gross of Reserve)/Total Assets
	

Ratio of Loans to Deposits	
 	

(BHCKB528+BHCK5369)/(BHDM6631+BHDM6636+BHFN6631

+BHFN6636)

Schedule HC	
 	

Total Loans & Leases (Net of Unearned Income & Gross of Reserve)/Total Deposits (Includes Domestic and Foreign Deposits)
	

Total Assets	
 	

(BHCK2170)

Schedule HC	
 	

The sum of total assets. Includes cash and balances due from depository institutions; securities; federal funds sold and securities purchased under agreements to resell; loans and lease financing receivables; trading assets; premises and fixed
assets; other real estate owned; investments in unconsolidated subsidiaries and associated companies; customer's liability on acceptances outstanding; intangible assets; and other assets.
	

Net Income	
 	

(BHCK4300)

Schedule HI	
 	

The sum of income (loss)before extraordinary items and other adjustments and extraordinary items; and other adjustments, net of income taxes.




G-4








  



 
 

Financial Definitions    
    


THRIFT HOLDING COMPANY  



	Report Item
 
	 	Corresponding TFR
	 	Description of Calculation

	Tier I Risk Weighted Assets	 	Schedule CCR—Consolidated Capital Requirement

CCR 830	 	Tier 1 Risk Ratio: Core Capital (Tier 1)/Risk-adjusted assets
	

Ratio of Double Leverage	
 	

Not applicable	
 	

Not applicable
	

Non-performing assets to loans and OREO	
 	

Schedule PD—Consolidated Past Due and Nonaccrual

Schedule SC—Consolidated Statement of Condition

PD30/(SC23+SC30+SC34+SC40)	
 	

Total Non-performing assets (NPLs + Foreclosed Real Estate+Other Non-accrual & Repossessed assets+Foreclosed Real Estate)
	

Tangible Common Equity as a Percentage of Total Assets	
 	

Schedule CCR

CCR 840	
 	

(Equity Capital-

Goodwill)/(Total assets — Goodwill)
	

Ratio of Reserves to Non-performing loans	
 	

SC283/PD30	
 	

Total loan loss reserves/Total Non-performing loans
	

Ratio of Net Charge-offs to Loans	
 	

Schedule VA—Consolidated Valuation Allowances and Related Data

(VA155-VA135)/(SC23+SC30+SC34)	
 	

Net charge offs for the period as a percentage of average loans
	

Return on Assets

(annualized)	
 	

Schedule SO—Consolidated Statements of Operations

SO91/SC60	
 	

Net income as a percentage of assets
	

Net interest margin

(annualized)	
 	

SO311/((SC10-SC110)+SC20+SC23+

SC30+SC34)	
 	

Net interest income/Average earning assets
	

Efficiency Ratio	
 	

(SO51/(SO311+SO40))	
 	

(Non-interest expense)/(Net interest income + Non-interest income)
	

Ratio of Loans to Assets	
 	

(SC23+SC30+SC34)/(SC60)	
 	

Total Loan & Leases/Total assets
	

Ratio of Loans to Deposits	
 	

(SC23+SC30+SC34)/(SC710)	
 	

Total Loans & Leases/Total Deposits
	

Total Assets	
 	

Schedule SC

SC60	
 	

The sum of total assets.
	

Net Income	
 	

Schedule SO

SO91	
 	

The sum of income (loss).




G-5








   Schedule A  


DETERMINATION
OF LIBOR 


        With
respect to the Trust Securities, the London interbank offered rate ("LIBOR") shall be determined by the Calculation Agent in accordance with the following provisions (in each case
rounded to the nearest .000001%): 


        (1)   On
the second LIBOR Business Day (as defined below) prior to a Distribution Date (except, with respect to the first distribution payment date, on September 27,
2004) (each such day, a "LIBOR Determination Date"), LIBOR for any given security shall, for the following distribution period, equal the rate, as obtained by the Calculation Agent from Bloomberg
Financial Markets Commodities News, for three-month U.S. Dollar deposits in Europe, which appears on Dow Jones Telerate Page 3750 (as defined in the International Swaps and Derivatives
Association, Inc. 1991 Interest Rate and Currency Exchange Definitions), or such other page as may replace such Page 3750, as of 11:00 a.m. (London time) on such LIBOR Determination
Date. 


        (2)   If,
on any LIBOR Determination Date, such rate does not appear on Dow Jones Telerate Page 3750 or such other page as may replace such Page 3750, the Calculation Agent
shall determine the arithmetic mean of the offered quotations of the Reference Banks (as defined below) to leading banks in the London interbank market for three-month U.S. Dollar deposits in Europe
in an amount determined by the Calculation Agent by reference to requests for quotations as of approximately 11:00 a.m. (London time) on the LIBOR Determination Date made by the Calculation
Agent to the Reference Banks. If, on any LIBOR Determination Date, at least two of the Reference Banks provide such quotations, LIBOR shall equal such arithmetic mean of such quotations. If, on any
LIBOR Determination Date, only one or none of the Reference Banks provide such quotations, LIBOR shall be deemed to be the arithmetic mean of the offered quotations that leading banks in the City of
New York selected by the Calculation Agent are quoting on the relevant LIBOR Determination Date for three-month U.S. Dollar deposits in Europe in an amount determined by the Calculation Agent by
reference to the principal London offices of leading banks in the London interbank market; provided, that if the Calculation Agent is required but is unable to determine a rate in accordance with at
least one of the procedures provided above, LIBOR shall be LIBOR as determined on the previous LIBOR Determination Date. 


        (3)   As
used herein: "Reference Banks" means four major banks in the London interbank market selected by the Calculation Agent; and "LIBOR Business Day" means a day on which
commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in London. 


Schedule A-1











QuickLinks


TABLE OF CONTENTS


ARTICLE I. DEFINED TERMS


ARTICLE II. THE TRUST

ARTICLE III. PAYMENT ACCOUNT; PAYING AGENTS

ARTICLE IV. DISTRIBUTIONS; REDEMPTION


ARTICLE V. SECURITIES


ARTICLE VI. MEETINGS; VOTING; ACTS OF HOLDERS

ARTICLE VII. REPRESENTATIONS AND WARRANTIES

ARTICLE VIII. THE TRUSTEES



ARTICLE IX. TERMINATION, LIQUIDATION AND MERGER

ARTICLE X. INFORMATION TO PURCHASER

ARTICLE XI. MISCELLANEOUS PROVISIONS


Junior Subordinated Indenture


FORM OF TRANSFEREE CERTIFICATE TO BE EXECUTED BY TRANSFEREES OTHER THAN QIBS


FORM OF TRANSFEROR CERTIFICATE TO BE EXECUTED FOR QIBs


Officer's Certificate


Financial Definitions