Document:

exv4w8

EXHIBIT 4.8

 

 

ZIMMER HOLDINGS, INC.

and

WELLS FARGO BANK, NATIONAL ASSOCIATION

Trustee

 

Indenture

Dated as
of November      , 2009

Senior Debt Securities

 

 

 

 

Certain Sections of this Indenture relating to Sections 310 through 318,

inclusive, of the Trust Indenture Act of 1939:

	 	 	 	 	 
	Trust Indenture	 	 	 
	Act Section	 	 	Indenture Section
	 	§310      	 (a)(1)	 	609

	 		 (a)(2)	 	609

	 		 (a)(3)	 	Not Applicable

	 		 (a)(4)	 	Not Applicable

	 		 (b)	 	608

	 	 	 	 	610

	 	§311      	 (a)	 	613

	 		 (b)	 	613

	 	§312      	 (a)	 	701

	 		 (b)	 	701

	 		 (c)	 	701

	 	§313      	 (a)	 	702

	 		 (b)	 	702

	 		 (c)	 	702

	 		 (d)	 	702

	 	§314      	 (a)	 	703

	 		 (a)(4)	 	101

	 	 	 	 	1004

	 		 (b)	 	Not Applicable

	 		 (c)(1)	 	102

	 		 (c)(2)	 	102

	 		 (c)(3)	 	Not Applicable

	 		 (d)	 	Not Applicable

	 		 (e)	 	102

	 	§315      	 (a)	 	601

	 		 (b)	 	602

	 		 (c)	 	601

	 		 (d)	 	601

	 		 (e)	 	514

	 	§316      	 (a)	 	101

	 		 (a)(1)(A)	 	502

	 	 	 	 	512

	 		 (a)(1)(B)	 	513

	 		 (a)(2)	 	Not Applicable

	 		 (b)	 	508

	 		 (c)	 	104

	 	§317      	 (a)(1)	 	503

	 		 (a)(2)	 	504

	 		 (b)	 	1003

	 	§318      	 (a)	 	107

NOTE: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the
Indenture.

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	PARTIES
	 	 	1	 
	RECITALS OF THE COMPANY
	 	 	1	 
	 

	ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS

OF GENERAL APPLICATION
	 	 	 
	 

	SECTION 101. Definitions
	 	 	1	 
	SECTION 102. Compliance Certificates and Opinions
	 	 	6	 
	SECTION 103. Form of Documents Delivered to Trustee
	 	 	6	 
	SECTION 104. Acts of Holders; Record Dates
	 	 	6	 
	SECTION 105. Notices, Etc., to Trustee and Company
	 	 	8	 
	SECTION 106. Notice to Holders, Waiver
	 	 	8	 
	SECTION 107. Conflict with Trust Indenture Act
	 	 	8	 
	SECTION 108. Effect of Headings and Table of Contents
	 	 	8	 
	SECTION 109. Successors and Assigns
	 	 	8	 
	SECTION 110. Separability Clause
	 	 	8	 
	SECTION 111. Benefits of Indenture
	 	 	8	 
	SECTION 112. Governing Law
	 	 	8	 
	SECTION 113. Legal Holidays
	 	 	9	 
	SECTION 114. Force Majeure
	 	 	9	 
	 

	ARTICLE TWO

SECURITY FORMS
	 	 	 
	 

	SECTION 201. Form and Dating
	 	 	9	 
	SECTION 202. Execution and Authentication
	 	 	9	 
	SECTION 203. Transfer and Exchange
	 	 	10	 
	 

	ARTICLE THREE

THE SECURITIES
	 	 	 
	 

	SECTION 301. Amount Unlimited; Issuable in Series
	 	 	12	 
	SECTION 302. Intentionally Omitted
	 	 	14	 
	SECTION 303. Intentionally Omitted
	 	 	14	 
	SECTION 304. Temporary Securities
	 	 	14	 
	SECTION 305. Registration; Registration of Transfer and Exchange
	 	 	14	 
	SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities
	 	 	15	 
	SECTION 307. Payment of Interest; Interest Rights Preserved
	 	 	15	 
	SECTION 308. Persons Deemed Owners
	 	 	16	 
	SECTION 309. Cancellation
	 	 	16	 
	SECTION 310. Computation of Interest
	 	 	16	 
	SECTION 311. CUSIP Numbers
	 	 	16	 
	 

	ARTICLE FOUR

SATISFACTION AND DISCHARGE
	 	 	 
	 

	SECTION 401. Satisfaction and Discharge of Indenture
	 	 	16	 
	SECTION 402. Application of Trust Money
	 	 	17	 

NOTE: This Table of Contents shall not, for any purpose, be deemed to be a part of the Indenture.

 

	 	 	 	 	 
	 	 	Page
	 

	ARTICLE FIVE

REMEDIES
	 	 	 
	 

	SECTION 501. Events of Default
	 	 	17	 
	SECTION 502. Acceleration of Maturity; Rescission and Annulment
	 	 	18	 
	SECTION 503. Collection of Indebtedness and Suits for Enforcement by Trustee
	 	 	19	 
	SECTION 504. Trustee May File Proofs of Claim
	 	 	19	 
	SECTION 505. Trustee May Enforce Claims Without Possession of Securities
	 	 	19	 
	SECTION 506. Application of Money Collected
	 	 	20	 
	SECTION 507. Limitation on Suits
	 	 	20	 
	SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest
	 	 	20	 
	SECTION 509. Restoration of Rights and Remedies
	 	 	21	 
	SECTION 510. Rights and Remedies Cumulative
	 	 	21	 
	SECTION 511. Delay or Omission Not Waiver
	 	 	21	 
	SECTION 512. Control by Holders
	 	 	21	 
	SECTION 513. Waiver of Past Defaults
	 	 	21	 
	SECTION 514. Undertaking for Costs
	 	 	21	 
	SECTION 515. Waiver of Usury, Stay or Extension Laws
	 	 	21	 
	 

	ARTICLE SIX

THE TRUSTEE
	 	 	 
	 

	SECTION 601. Certain Duties and Responsibilities
	 	 	22	 
	SECTION 602. Notice of Defaults
	 	 	22	 
	SECTION 603. Certain Rights of Trustee
	 	 	23	 
	SECTION 604. Not Responsible for Recitals or Issuance of Securities
	 	 	24	 
	SECTION 605. May Hold Securities
	 	 	24	 
	SECTION 606. Money Held in Trust
	 	 	24	 
	SECTION 607. Compensation and Reimbursement
	 	 	24	 
	SECTION 608. Conflicting Interests
	 	 	24	 
	SECTION 609. Corporate Trustee Required; Eligibility
	 	 	25	 
	SECTION 610. Resignation and Removal; Appointment of Successor
	 	 	25	 
	SECTION 611. Acceptance of Appointment by Successor
	 	 	26	 
	SECTION 612. Merger, Conversion, Consolidation or Succession to Business
	 	 	26	 
	SECTION 613. Preferential Collection of Claims Against Company
	 	 	27	 
	SECTION 614. Appointment of Authenticating Agent
	 	 	27	 
	 

	ARTICLE SEVEN

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	 	 	 
	 

	SECTION 701. Preservation of Information; Communications to Holders
	 	 	28	 
	SECTION 702. Reports by Trustee
	 	 	28	 
	SECTION 703. Reports by Company
	 	 	28	 
	 

	ARTICLE EIGHT

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	 	 	 
	 

	SECTION 801. Company May Consolidate, Etc., Only on Certain Terms
	 	 	28	 
	SECTION 802. Successor Substituted
	 	 	29	 
	 

	ARTICLE NINE

SUPPLEMENTAL INDENTURES
	 	 	 
	 

	SECTION 901. Supplemental Indentures Without Consent of Holders
	 	 	29	 
	SECTION 902. Supplemental Indentures with Consent of Holders
	 	 	30	 

ii

 

	 	 	 	 	 
	 	 	Page
	SECTION 903. Execution of Supplemental Indentures
	 	 	30	 
	SECTION 904. Effect of Supplemental Indentures
	 	 	30	 
	SECTION 905. Conformity with Trust Indenture Act
	 	 	30	 
	SECTION 906. Notice of Supplemental Indenture; Reference in Securities
to Supplemental Indentures
	 	 	31	 
	 

	ARTICLE TEN

COVENANTS
	 	 	 
	 

	SECTION 1001. Payment of Principal, Premium and Interest
	 	 	31	 
	SECTION 1002. Maintenance of Office or Agency
	 	 	31	 
	SECTION 1003. Money for Securities Payments to Be Held in Trust
	 	 	31	 
	SECTION 1004. Statement by Officer as to Default
	 	 	32	 
	SECTION 1005. Existence
	 	 	32	 
	SECTION 1006. Maintenance of Properties
	 	 	32	 
	SECTION 1007. Payment of Taxes and Other Claims
	 	 	32	 
	SECTION 1008. Limitations on Liens
	 	 	33	 
	SECTION 1009. Limitations on Sale and Leaseback Transactions
	 	 	34	 
	SECTION 1010. Limitations Upon Permitting Restricted Subsidiaries Becoming Unrestricted Subsidiaries
and. Unrestricted Subsidiaries Becoming Restricted Subsidiaries
	 	 	34	 
	SECTION 1011. Waiver of Certain Covenants
	 	 	35	 
	SECTION 1012. Calculation of Original Issue Discount and Other Amounts
	 	 	35	 
	 

	ARTICLE ELEVEN

REDEMPTION OF SECURITIES
	 	 	 
	 

	SECTION 1101. Applicability of Article
	 	 	35	 
	SECTION 1102. Election to Redeem; Notice to Trustee
	 	 	35	 
	SECTION 1103. Selection by Trustee of Securities to Be Redeemed
	 	 	35	 
	SECTION 1104. Notice of Redemption
	 	 	36	 
	SECTION 1105. Deposit of Redemption Price
	 	 	36	 
	SECTION 1106. Securities Payable on Redemption Date
	 	 	36	 
	SECTION 1107. Securities Redeemed in Part
	 	 	36	 
	 

	ARTICLE TWELVE

SINKING FUNDS
	 	 	 
	 

	SECTION 1201. Applicability of Article
	 	 	37	 
	SECTION 1202. Satisfaction of Sinking Fund Payments with Securities
	 	 	37	 
	SECTION 1203. Redemption of Securities for Sinking Fund
	 	 	37	 
	 

	ARTICLE THIRTEEN

DEFEASANCE AND COVENANT DEFEASANCE
	 	 	 
	 

	SECTION 1301. Company’s Option to Effect Defeasance or Covenant Defeasance
	 	 	37	 
	SECTION 1302. Defeasance and Discharge
	 	 	37	 
	SECTION 1303. Covenant Defeasance
	 	 	38	 
	SECTION 1304. Conditions to Defeasance or Covenant Defeasance
	 	 	38	 
	SECTION 1305. Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions
	 	 	39	 
	SECTION 1306. Reinstatement
	 	 	39	 

SIGNATURES

EXHIBITS:

     Exhibit A: Form of Security

iii

 

     INDENTURE, dated as of *, between ZIMMER HOLDINGS, INC., a corporation duly organized and
existing under the laws of the State of Delaware (herein called the “Company”), having its
principal office at 345 East Main Street, Warsaw, Indiana, and WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association, Trustee (herein called the “Trustee”).

RECITALS OF THE COMPANY

     The Company has duly authorized the execution and delivery of this Indenture to provide for
the issuance from time to time of its unsecured notes, debentures or other evidences of
Indebtedness (herein called the “Securities”), to be issued in one or more series under this
Indenture.

     All things necessary to make this Indenture a valid agreement of the Company, in accordance
with its terms, have been done.

     NOW, THEREFORE, THIS INDENTURE WITNESSETH:

     For and in consideration of the premises and the purchase of the Securities by the Holders
thereof, it is mutually agreed, for the equal and proportionate benefit of all Holders of the
Securities or of series thereof, as follows:

ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS

OF GENERAL APPLICATION

SECTION 101. Definitions.

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

     (1) the terms defined in this Article have the meanings assigned to them in this Article
and include the plural as well as the singular;

     (2) all other terms used herein which are defined in the Trust Indenture Act, either
directly or by reference therein, have the meanings assigned to them therein;

     (3) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles, and, except as otherwise herein
expressly provided, the term “generally accepted accounting principles” with respect to any
computation required or permitted hereunder shall mean such accounting principles as are
generally accepted at the date of such computation;

     (4) unless the context otherwise requires, any reference to an “Article,” a “Section” or a
Subsection refers to an Article, a Section or a Subsection, as the case may be, of this
Indenture; and

     (5) the words “herein”, “hereof” and “hereunder” and other words of similar import refer to
this Indenture as a whole and not to any particular Article, Section, Subsection or other
subdivision.

     “Act”, when used with respect to any Holder, has the meaning specified in Section 104.

     “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.

     “Agent” means any Security Registrar, Paying Agent or co-registrar.

     “Attributable Debt” in respect of a Sale and Leaseback Transaction means, at the time of
determination, the present value (discounted at the imputed rate of interest of such transaction
determined in accordance with generally accepted accounting principles) of the obligation of the
lessee for net rental payments during the remaining term of the lease included in such Sale and
Leaseback Transaction (including any period for which such lease has been extended or may, at the
option of the lessor, be extended). The term “net rental payments” under any lease for any period
shall mean the sum of the rental and other payments required to be paid in such period by the
lessee thereunder, not including any amounts required to be paid by such lessee (whether or not
designated as rental or additional rental) on account of maintenance and repairs, insurance, taxes,
assessments, water rates or similar charges required to be paid by such lessee thereunder or any
amount required to be paid by lessee thereunder contingent upon the amount of maintenance and
repairs, insurance, taxes, assessments, water rates or similar charges.

1

 

     “Authenticating Agent” means any Person authorized by the Trustee pursuant to Section 614 to
act on behalf of the Trustee to authenticate Securities of one or more series.

     “Board of Directors” means either the board of directors of the Company or any duly authorized
committee of that board.

     “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors or such authorized
persons or duly appointed person thereof and to be in full force and effect on the date of such
certification, and delivered to the Trustee.

     “Business Day”, when used with respect to any Place of Payment, means each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a day on which the
Trustee or banking institutions in that Place of
Payment are authorized or obligated by law or executive order to close.

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

     “Company” means the Person named as the “Company” in the first paragraph of this instrument
until a successor Person shall have become such pursuant to the applicable provisions of this
Indenture, and thereafter “Company” shall mean such successor Person.

     “Company Request” or “Company Order” means a written request or order signed in the name of
the Company by any Officer, and delivered to the Trustee.

     “Consolidated Net Tangible Assets” means the total amounts of assets (less depreciation and
valuation reserves and other reserves and items deductible from gross book value of specific asset
accounts under generally accepted accounting principles) which under generally accepted accounting
principles would be included on a consolidated balance sheet of the Company and its consolidated
Restricted Subsidiaries, after deducting therefrom (i) all current liabilities, excluding current
liabilities that could be classified as long-term debt under generally accepted accounting
principles and current liabilities that are by their terms extendable or renewable at the obligor’s
option to a time more than 12 months after the time as of which the amount of current liabilities
is being computed; (ii) all amounts which would be so included on such balance sheet in respect of
Investments (less applicable reserves) in Unrestricted Subsidiaries; and (iii) all trade names,
trademarks, licenses, patents, copyrights and goodwill, organizational and development costs,
deferred charges, other than prepaid items such as insurance, taxes, interest, commissions, rents
and similar items and tangible assets being amortized, and amortized debt discount and expense,
less unamortized premium.

     “Corporate Trust Office” means the office of the Trustee or the Security Registrar, as the
case may be, at which at any particular time its corporate trust business shall be principally
administered, which office as of the date of this instrument is located at 230 West Monroe Street,
Suite 2900, Chicago, Illinois 60606, Attention Corporate Trust Services, or which office is located
at such other address as the Trustee may designate from time to time by notice to the Holders and
the Company.

     “corporation” means a corporation, association, company, joint-stock company or business
(including Delaware statutory) trust.

     “Covenant Defeasance” has the meaning specified in Section 1303.

     “Custodian” means the Trustee or other Securities custodian, as custodian with respect to the
Securities, each in global form, or any successor entity thereto.

     “Defaulted Interest” has the meaning specified in Section 307.

     “Defeasance” has the meaning specified in Section 1302.

     “Definitive Security” means a certificated Security registered in the name of the Holder
thereof and issued in accordance with Section 203 hereof, substantially in the form of Exhibit A
hereto, except that such Security shall not bear the Global Security Legend and shall not have the
“Schedule of Exchanges of Interests in the Global Security” attached thereto.

     “Depository” means, with respect to Securities of any series issuable in whole or in part in
the form of one or more Global Securities, a clearing agency registered under the Exchange Act that
is designated to act as Depository for such Securities as contemplated by Section 203.

     “Event of Default” has the meaning specified in Section 501.

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

2

 

     “Exempted Debt” means the sum of the following items outstanding as of the date Exempted Debt
is being determined (1) Indebtedness of the Company and its Restricted Subsidiaries secured by a
Mortgage and not permitted to exist pursuant to Section 1008(a) and (2) Attributable Debt of the
Company and its Restricted Subsidiaries in respect of all Sale and Leaseback Transactions not
permitted pursuant to Section 1009(a).

     “Expiration Date” has the meaning specified in Section 104.

     “Funded Debt” means Indebtedness which matures more than one year from the date of creation,
or which is extendable or renewable at the sole option of the obligor so that it may become payable
more than one year from such date. Funded debt does not include (1) obligations created pursuant to
leases, (2) any Indebtedness or portion thereof maturing by its terms within one year from the time
of any computation of the amount of outstanding funded debt unless such indebtedness shall be
extendable or renewable at the sole option of the obligor in such manner that it may become payable
more than one year from such time, or (3) any Indebtedness for the payment or redemption of which
money in the necessary amount shall have been deposited in trust either at or before the maturity
date thereof.

     “Global Securities” means the Securities, substantially in the form of Exhibit A hereto, as
appropriate, that bear the Global Security Legend and that have the “Schedule of Exchanges of
Interests in the Global Security” attached thereto, and that are deposited with or on behalf of and
registered in the name of the Depository, issued in accordance with Section 201 or 203 of this
Indenture.

     “Global Security Legend” means the legend set forth in Section 203(2), which is required to be
placed on all Global Securities issued under this Indenture.

     “Holder” means a Person in whose name a Security is registered in the Security Register.

     “Indebtedness” means indebtedness for borrowed money and indebtedness under purchase money
Mortgages or other purchase money liens or conditional sales or similar title retention agreements,
in each case where such indebtedness has been created, incurred, or assumed by such person to the
extent such indebtedness would appear as a liability upon a balance sheet of such person prepared
in accordance with generally accepted accounting principles, guarantees by such person of such
indebtedness, and indebtedness for borrowed money secured by any Mortgage, pledge or other lien or
encumbrance upon property owned by such person, even though such person has not assumed or become
liable for the payment of such indebtedness.

     “Indenture” means this instrument as originally executed and as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the
applicable provisions hereof, including, for all purposes of this instrument and any such
supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part of
and govern this instrument and any such supplemental indenture, respectively. The term “Indenture”
shall also include the terms of particular series of Securities established as contemplated by
Section 301.

     “interest”, when used with respect to an Original Issue Discount Security which by its terms
bears interest only after Maturity, means interest payable after Maturity.

     “Interest Payment Date”, when used with respect to any Security, means the Stated Maturity of
an installment of interest on such Security.

     “Investment” means and includes any investment in stock, evidences of Indebtedness, loans or
advances, however made or acquired, but shall not include accounts receivable of the Company or of
any Restricted Subsidiary arising from transactions in the ordinary course of business, or any
evidences of indebtedness, loans or advances made in connection with the sale to any Subsidiary of
accounts receivable of the Company or any Restricted Subsidiary arising from transactions in the
ordinary course of business.

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

     “Maturity”, when used with respect to any Security, means the date on which the principal of
such Security or an installment of principal becomes due and payable as therein or herein provided,
whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise.

     “Mortgage” has the meaning specified in Section 1008.

     “Notice of Default” means a written notice of the kind specified in Section 501(4).

     “Officer” means the Chairman of the Board, the Chief Executive Officer, the Chief Financial
Officer, the Chief Legal Officer, a President, Vice President, Treasurer, Assistant Treasurer,
Secretary or an Assistant Secretary, of the Company.

3

 

     “Officer’s Certificate” means a certificate signed on behalf of the Company by any Officer,
and delivered to the Trustee.

     “Opinion of Counsel” means a written opinion of legal counsel, who may be an employee of, or
outside counsel for, the Company, who shall be acceptable to the
Trustee, and delivered to the Trustee.

     “Original Issue Discount Security” means any Security which provides for an amount less than
the principal amount thereof to be due and payable upon a declaration of acceleration of the
Maturity thereof pursuant to Section 502.

     “Outstanding”, when used with respect to Securities, means, as of the date of determination,
all Securities theretofore authenticated and delivered under this Indenture, except:

     (1) Securities theretofore cancelled by the Trustee or delivered to the Trustee for
cancellation;

     (2) Securities for whose payment or redemption money in the necessary amount has been
theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or
set aside and segregated in trust by the Company (if the Company shall act as its own Paying
Agent) for the Holders of such Securities; provided, however, that, if such Securities are to be
redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision
therefor satisfactory to the Trustee has been made;

     (3) Securities as to which Defeasance has been effected pursuant to Section 1302; and

     (4) Securities which have been paid pursuant to Section 306 or in exchange for or in lieu
of which other Securities have been authenticated and delivered pursuant to this Indenture,
other than any such Securities in respect of which there shall have been presented to the
Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose
hands such Securities are valid obligations of the Company;

provided, however, that in determining whether the Holders of the requisite principal amount of the
Outstanding Securities have given, made or taken any request, demand, authorization, direction,
notice, consent, waiver or other action hereunder as of any date, (A) the principal amount of an
Original Issue Discount Security which shall be deemed to be Outstanding shall be the amount of the
principal thereof which would be due and payable as of such date upon acceleration of the Maturity
thereof to such date pursuant to Section 502, (B) if, as of such date, the principal amount payable
at the Stated Maturity of a Security is not determinable, the principal amount of such Security
which shall be deemed to be Outstanding shall be the amount as specified or determined as
contemplated by Section 301, (C) the principal amount of a Security denominated in one or more
foreign currencies or currency units which shall be deemed to be Outstanding shall be the U.S.
dollar equivalent, determined as of such date in the manner provided as contemplated by Section
301, of the principal amount of such Security (or, in the case of a Security described in Clause
(A) or (B) above, of the amount determined as provided in such Clause), and (D) Securities owned by
the Company or any other obligor upon the Securities or any Affiliate of the Company or of such
other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining
whether the Trustee shall be protected in relying upon any such request, demand, authorization,
direction, notice, consent, waiver or other action, only Securities of which a Responsible Officer
of the Trustee has actual knowledge are so owned shall be so disregarded. Securities so owned which
have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that
the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the
Company or of such other obligor.

     “Participant” means, with respect to the Depository, a Person who has an account with the
Depository.

     “Paying Agent” means any Person authorized by the Company to pay the principal of or any
premium or interest on any Securities on behalf of the Company.

     “Paying Agent Office” means the designated office of the Trustee of which the corporate trust
paying agent office of the Trustee shall, at any particular time, be administered, which office is,
at the date of this Indenture, located at 608 Second Avenue South, MAC N9303-121, Minneapolis, MN
55479, Attention Corporate Trust Operations.

     “Person” means any individual, corporation, partnership, limited liability company, joint
venture, trust, unincorporated organization or government or any agency or political subdivision of
a government or governmental agency.

     “Place of Payment”, when used with respect to the Securities of any series, means the place or
places where the principal of and any premium and interest on the Securities of that series are
payable as specified, as contemplated by Section 301.

     “Predecessor Security” of any particular Security means every previous Security evidencing all
or a portion of the same debt as that evidenced by such particular Security, and, for the purposes
of this definition, any Security authenticated and delivered under Section 306 in exchange for or
in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same
debt as the mutilated, destroyed, lost or stolen Security.

4

 

     “Principal Property” means all real property and improvements thereon owned by the Company or
a Restricted Subsidiary constituting, without limitation, any manufacturing, warehouse,
distribution or research facility and located within the United States, excluding its territories
and possessions and Puerto Rico, having a gross book value in excess of 1% of the Company’s
Consolidated Net Tangible Assets; provided that such term shall not include any manufacturing,
warehouse, distribution or research facility that the Board of Directors declares by resolution not
to be of material importance to the business of the Company and its Restricted Subsidiaries.

     “Redemption Date”, when used with respect to any Security to be redeemed, means the date fixed
for such redemption by or pursuant to this Indenture.

     “Redemption Price”, when used with respect to any Security to be redeemed, means the price at
which it is to be redeemed pursuant to this Indenture.

     “Regular Record Date” for the interest payable on any Interest Payment Date on the Securities
of any series means the date specified for that purpose as contemplated by Section 301.

     “Responsible Officer”, when used with respect to the Trustee, means any officer of the Trustee
within the Corporate Trust Department of the Trustee (or any successor unit or department of the
Trustee) located at the Corporate Trust Office of the Trustee who has direct responsibility for the
administration of this Indenture and, for the purposes of Section 601(3)(B) and Section 602 (for
the purposes of Section 315(b) of the Trust Indenture Act), shall also include any officer of the
Trustee to whom any corporate trust matter is referred because of his knowledge of and familiarity
with the particular subject.

     “Restricted Subsidiary” means Zimmer, Inc. and any other Subsidiary which, subject to Section
1005, shall be designated by the Company’s Board of Directors or by one of the Company’s duly
authorized Officers as a Restricted Subsidiary; provided that (a) the Board of Directors or duly
authorized Officers may, subject to Section 1005, designate any Unrestricted Subsidiary as a
Restricted Subsidiary and any Restricted Subsidiary (other than Zimmer, Inc.) as an Unrestricted
Subsidiary and (b) any Subsidiary of which the majority of the voting stock is owned directly or
indirectly by one or more Unrestricted Subsidiaries shall be an Unrestricted Subsidiary.

     “Sale and Leaseback Transaction” has the meaning specified in Section 1009.

     “Securities” means the Securities described in the first recital hereto and issued on the date
hereof. For all purposes of this Indenture, the term “Securities” shall include the Securities
initially issued on the date hereof and any other Securities issued after the date hereof under
this Indenture.

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

     “Security Register” and “Security Registrar” have the respective meanings specified in Section
305.

     “Senior Funded Debt” means all Funded Debt (except Funded Debt, the payment of which is
subordinated to the payment of the Securities).

     “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the
Trustee pursuant to Section 307.

     “Stated Maturity”, when used with respect to any Security or any installment of principal
thereof or interest thereon, means the date specified in such Security as the fixed date on which
the principal of such Security or such installment of principal or interest is due and payable.

     “Subsidiary” means any corporation of which at least a majority of the outstanding stock
having voting power under ordinary circumstances to elect a majority of the board of directors of
said corporation or business entity is at the time owned or controlled by the Company, or by the
Company and one or more subsidiaries, or by any one or more subsidiaries.

     “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of
which this instrument was executed; provided, however, that in the event the Trust Indenture Act of
1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such
amendment, the Trust Indenture Act of 1939 as so amended.

     “Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument
until a successor Trustee shall have become such pursuant to the applicable provisions of this
Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee
hereunder, and if at any time there is more than one such Person, “Trustee” as used with respect to
the Securities of any series shall mean the Trustee with respect to Securities of that series.

     “Unrestricted Subsidiary” means any Subsidiary other than a Restricted Subsidiary.

     “U.S. Government Obligation” has the meaning specified in Section 1304.

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     “Vice President”, when used with respect to the Company or the Trustee, means any vice
president, whether or not designated by a number or a word or words added before or after the title
“vice president”.

     “Wholly Owned Restricted Subsidiary” means any Restricted Subsidiary all of the outstanding
Funded Debt and capital stock of which, other than directors’ qualifying shares, is owned by the
Company and its other Wholly Owned Restricted Subsidiaries.

SECTION 102. Compliance Certificates and Opinions.

     Upon any application or request by the Company to the Trustee to take any action under any
provision of this Indenture, the Company shall furnish to the Trustee such certificates and
opinions as may be requested by the Trustee. Each such certificate or opinion shall be given in the
form of an Officer’s Certificate, if to be given by an officer of the Company, or an Opinion of
Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture
Act and any other requirements set forth in this Indenture.

     Every certificate (other than a certificate pursuant to Section 314(a)(4) of the Trust
Indenture Act) or opinion with respect to compliance with a condition or covenant provided for in
this Indenture shall include,

     (1) a statement that each individual signing such certificate or opinion has read such
covenant or condition and the definitions herein relating thereto;

     (2) a brief statement as to the nature and scope of the examination or investigation upon
which the statements or opinions contained in such certificate or opinion are based;

     (3) a statement that, in the opinion of each such individual, he has made such examination
or investigation as is necessary to enable him to express an informed opinion as to whether or
not such covenant or condition has been complied with; and

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

SECTION 103. Form of Documents Delivered to Trustee.

     In any case where several matters are required to be certified by, or covered by an opinion
of, any specified Person, it is not necessary that all such matters be certified by, or covered by
the opinion of, only one such Person, or that they be so certified or covered by only one document,
but one such Person may certify or give an opinion with respect to some matters and one or more
other such Persons as to other matters, and any such Person may certify or give an opinion as to
such matters in one or several documents.

     Any certificate or opinion of an officer of the Company may be based, insofar as it relates to
legal matters, upon a certificate or opinion of, or representations by, counsel, unless such
officer knows, or in the exercise of reasonable care should know, that the certificate or opinion
or representations with respect to the matters upon which his certificate or opinion is based are
erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to
factual matters, upon a certificate or opinion of, or representations by, an officer or officers of
the Company stating that the information with respect to such factual matters is in the possession
of the Company, unless such counsel knows, or in the exercise of reasonable care should know, that
the certificate or opinion or representations with respect to such matters are erroneous.

     Where any Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this Indenture, they may,
but need not, be consolidated and form one instrument.

SECTION 104. Acts of Holders; Record Dates.

     Any request, demand, authorization, direction, notice, consent, waiver or other action
provided or permitted by this Indenture 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 duly appointed in writing, and, except as herein otherwise expressly
provided, such action shall become effective when such instrument or instruments are delivered to
the Trustee and, where it is hereby expressly required, to the Company. 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 Indenture and (subject to Section 601) conclusive in favor of the Trustee and the Company, if
made in the manner provided in this Section.

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     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 his individual capacity, such certificate or
affidavit shall also constitute sufficient proof of his 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 which the Trustee deems sufficient.

     The ownership of Securities shall be proved by the Security Register.

     Any request, demand, authorization, direction, notice, consent, waiver or other Act of the
Holder of any Security shall bind every future Holder of the same Security and the Holder of every
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 Trustee or the Company
in reliance thereon, whether or not notation of such action is made upon such Security.

     The Company may set any day as a record date for the purpose of determining the Holders of
Outstanding Securities of any series entitled to give, make or take any request, demand,
authorization, direction, notice, consent, waiver or other action provided or permitted by this
Indenture to be given, made or taken by Holders of Securities of such series; provided, however,
that the Company may not set a record date for, and the provisions of this paragraph shall not
apply with respect to, the giving or making of any notice, declaration, request or direction
referred to in the next paragraph. If any record date is set pursuant to this paragraph, the
Holders of Outstanding Securities of the relevant series on such record date, and no other Holders,
shall be entitled to take the relevant action, whether or not such Holders remain Holders after
such record date; provided, however, that no such action shall be effective hereunder unless taken
on or prior to the applicable Expiration Date by Holders of the requisite principal amount of
Outstanding Securities of such series on such record date. Nothing in this paragraph shall be
construed to prevent the Company from setting a new record date for any action for which a record
date has previously been set pursuant to this paragraph (whereupon the record date previously set
shall automatically and with no action by any Person be cancelled and of no effect), and nothing in
this paragraph shall be construed to render ineffective any action taken by Holders of the
requisite principal amount of Outstanding Securities of the relevant series on the date such action
is taken. Promptly after any record date is set pursuant to this paragraph, the Company, at its own
expense, shall cause notice of such record date, the proposed action by Holders and the applicable
Expiration Date to be given to the Trustee in writing and to each Holder of Securities of the
relevant series in the manner set forth in Section 106.

     The Trustee may set any day as a record date for the purpose of determining the Holders of
Outstanding Securities of any series entitled to join in the giving or making of (1) any Notice of
Default, (2) any declaration of acceleration referred to in Section 502, (3) any request to
institute proceedings referred to in Section 507(2) or (4) any direction referred to in Section
512, in each case with respect to Securities of such series. If any record date is set pursuant to
this paragraph, the Holders of Outstanding Securities of such series on such record date, and no
other Holders, shall be entitled to join in such notice, declaration, request or direction, whether
or not such Holders remain Holders after such record date; provided, however, that no such action
shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders
of the requisite principal amount of Outstanding Securities of such series on such record date.
Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record date
for any action for which a record date has previously been set pursuant to this paragraph
(whereupon the record date previously set shall automatically and with no action by any Person be
cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective
any action taken by Holders of the requisite principal amount of Outstanding Securities of the
relevant series on the date such action is taken. Promptly after any record date is set pursuant to
this paragraph, the Trustee, at the Company’s expense, shall cause notice of such record date, the
proposed action by Holders and the applicable Expiration Date to be given to the Company in writing
and to each Holder of Securities of the relevant series in the manner set forth in Section 106.

     With respect to any record date set pursuant to this Section, the party hereto which sets such
record dates may designate any day as the “Expiration Date” and from time to time may change the
Expiration Date to any earlier or later day; provided, however, that no such change shall be
effective unless notice of the proposed new Expiration Date is given to the other party hereto in
writing, and to each Holder of Securities of the relevant series in the manner set forth in Section
106, on or prior to the existing Expiration Date. If an Expiration Date is not designated with
respect to any record date set pursuant to this Section, the party hereto which set such record
date shall be deemed to have initially designated the 180th day after such record date as the
Expiration Date with respect thereto, subject to its right to change the Expiration Date as
provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than
the 180th day after the applicable record date.

     Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with
regard to any particular Security may do so with regard to all or any part of the principal amount
of such 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 principal amount.

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SECTION 105. Notices, Etc., to Trustee and Company.

     Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or
other document provided or permitted by this Indenture to be made upon, given or furnished to, or
filed with,

     (1) the Trustee by any Holder or by the Company shall be sufficient for every purpose
hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate
Trust Office, Attention: Zimmer Holdings, Inc. Account Manager, or

     (2) the Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class
postage prepaid, or sent by a national courier service that provides
next day delivery, to the Company addressed to it at the address of its principal office specified
in the first paragraph of this instrument or at any other address previously furnished in
writing to the Trustee by the Company.

SECTION 106. Notice to Holders, Waiver.

     Where this Indenture provides for notice to Holders of any event, such notice shall be
sufficiently given (unless otherwise herein expressly provided) if in writing and sent via
electronic transmission or mailed, first-class postage prepaid, to each Holder affected by such
event, at his address as it appears in the Security Register, not later than the latest date (if
any), and not earlier than the earliest date (if any), prescribed for the giving of such notice. In
any case where notice to Holders is sent electronically or given by mail, neither the failure to
send or mail such notice, nor any defect in any notice so sent, to any particular Holder shall
affect the sufficiency of such notice with respect to other Holders. Where this Indenture provides
for notice in any manner, such notice may be waived in writing by the Person entitled to receive
such notice, either before or after the event, and such waiver shall be the equivalent of such
notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be
a condition precedent to the validity of any action taken in reliance upon such waiver.

SECTION 107. Conflict with Trust Indenture Act.

     If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture
Act which is required under such Act or deemed to be a part of and govern this Indenture, such
required or deemed provision shall control. If any provision of this Indenture modifies or excludes
any provision of the Trust Indenture Act which may be so modified or excluded, the latter provision
shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be.

SECTION 108. Effect of Headings and Table of Contents.

     The Article and Section headings herein and the Table of Contents are for convenience only and
shall not affect the construction hereof.

SECTION 109. Successors and Assigns.

     All covenants and agreements in this Indenture by the Company shall bind its successors and
assigns, whether so expressed or not.

SECTION 110. Separability Clause.

     In case any provision in this Indenture or in the Securities 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.

SECTION 111. Benefits of Indenture.

     Nothing in this Indenture or in the Securities, express or implied, shall give to any Person,
other than the parties hereto and their successors hereunder and the Holders, any benefit or any
legal or equitable right, remedy or claim under this Indenture.

SECTION 112. Governing Law.

     This Indenture and the Securities shall be governed by and construed in accordance with the
laws of the State of New York (including without limitation Section 5-1401 of the New York General
Obligations Law or any successor to such statute). The Trustee and the Company agree to submit to
the non-exclusive jurisdiction of any United States federal or state court located in the Borough
of Manhattan, in The City of New York in any action or proceeding arising out of or relating to
this Indenture or the Securities.

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     The Trustee and the Company hereby knowingly, voluntarily and intentionally waive any rights
they may have to a trial by jury in respect of any litigation based hereon, or arising out of,
under or in connection with this Indenture or any course of conduct, course of dealing, statements
(whether oral or written) or actions of the Trustee or the Company relating thereto. The Company
acknowledges and agrees that it has received full and sufficient consideration for this provision
and that this provision is a material inducement for the Trustee and the Holders entering into this
Indenture.

SECTION 113. Legal Holidays.

     In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any
Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other
provision of this Indenture or of the Securities (other than a provision of any Security which
specifically states that such provision shall apply in lieu of this Section)) payment of interest
or principal (and premium, if any) need not be made at such Place of Payment on such date, but may
be made on the next succeeding Business Day at such Place of Payment with the same force and effect
as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity; and no
interest shall accrue for the period from and after such Interest Payment Date, Redemption Date or
Stated Maturity, as the case may be, if payment is made on the next succeeding Business Day.

SECTION 114. Force Majeure.

     In no event shall the Trustee be responsible or liable, nor shall the Company be responsible
or liable to the Trustee, for any failure or delay in the performance of its obligations hereunder
arising out of or caused by, directly or indirectly, forces beyond its control, including, without
limitation strikes, work stoppages, accidents, acts of war or terrorism, civil or military
disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or
malfunctions of utilities, communications or computer (software and hardware) services; it being
understood that the Trustee or the Company, as the case may be, shall use reasonable efforts which
are consistent with accepted practices to resume performance as soon as practicable under the
circumstances.

ARTICLE TWO

SECURITY FORMS

SECTION 201. Form and Dating.

     The Securities of each series and the Trustee’s certificate of authentication thereon shall be
in substantially the form set forth in Exhibit A hereto, the terms of which are incorporated in and
made a part of this Indenture, or in such other form as shall be established by or pursuant to a
Board Resolution or in one or more indentures supplemental hereto, in each case with such
appropriate insertions, omissions, substitutions and other variations as are required or permitted
by this Indenture, and may have such letters, numbers or other marks of identification and such
legends or endorsements placed thereon as may be required to comply with the rules of any
securities exchange or Depository therefor or as may, consistently herewith, be determined by the
officers executing such Securities, as evidenced by their execution thereof. If the form of
Securities of any series is established by action taken by or pursuant to a Board Resolution, a
copy of an appropriate record of such action shall be certified by the Secretary or an Assistant
Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Company
Order contemplated by Section 202 for the authentication and delivery of such Securities. Unless
otherwise provided as contemplated by Section 301 with respect to any series of Securities, each
Security shall be dated the date of its authentication. Unless otherwise provided as contemplated
by Section 301 with respect to any series of Securities, the Securities shall be issuable only in
denominations of $2,000 and integral multiples thereof.

     The Definitive Securities shall be printed, lithographed or engraved on steel engraved borders
or may be produced in any other manner, all as determined by the officers executing such
Securities, as evidenced by their execution of such Securities. Securities issued in global form
shall be substantially in the form of Exhibit A attached hereto (including the Global Security
Legend thereon and the “Schedule of Exchanges of Interests in the Global Security” attached
thereto). Securities issued in definitive form shall be substantially in the form of Exhibit A
attached hereto (but without the Global Security Legend thereon and without the “Schedule of
Exchanges of Interests in the Global Security” attached thereto). Each Global Security shall
represent such of the outstanding Securities as shall be specified therein and each shall provide
that it shall represent the aggregate principal amount of outstanding Securities from time to time
endorsed thereon and that the aggregate principal amount of outstanding Securities represented
thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and
redemptions. Any endorsement of a Global Security to reflect the amount of any increase or decrease
in the aggregate principal amount of outstanding Securities represented thereby shall be made by
the Trustee in accordance with instructions given by the Holder thereof as required by Section 203
hereof.

SECTION 202. Execution and Authentication.

     An Officer of the Company shall sign the Securities for the Company, by manual or facsimile
signature.

     If an Officer of the Company whose signature is on a Security no longer holds that office at
the time such Security is authenticated, such Security shall be valid nevertheless.

     A Security shall not be valid or obligatory, or entitled to any benefit under this Indenture,
unless there appears on such Security a certificate of authentication substantially in the form
provided for herein manually executed by the Trustee or an Authentication Agent. The manual
signature of the Trustee shall be conclusive evidence, and the only evidence, that such Security
has been authenticated and delivered in accordance with the terms of this Indenture and is entitled
to the benefits of this Indenture.

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     The Trustee, upon a Company Order, shall authenticate and deliver Securities for original
issue in an aggregate principal amount specified in such order. Such Company Order shall specify
the principal amount of the Securities to be authenticated and the date on which the original issue
of Securities is to be authenticated. The aggregate principal amount of Securities which may be
authenticated and delivered under this Indenture is unlimited.

     If the form or terms of the Securities of the series have been established by or pursuant to
one or more Board Resolutions as permitted by Sections 201 and 301, in authenticating such
Securities, and accepting the additional responsibilities under this Indenture in relation to such
Securities, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully
protected in relying upon, an Opinion of Counsel stating,

     (1) if the form of such Securities has been established by or pursuant to a Board
Resolution as permitted by Section 201, that such form has been established in conformity with
the provisions of this Indenture;

     (2) if the terms of such Securities have been established by or pursuant to a Board
Resolution as permitted by Section 301, that such terms have been established in conformity with
the provisions of this Indenture;

     (3)
that this Indenture and such Securities, when authenticated and delivered by the Trustee and issued by the
Company in the manner and subject to any conditions specified in such Opinion of Counsel, will
constitute valid and legally binding obligations of the Company, enforceable in accordance with
their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium
and similar laws of general applicability relating to or affecting creditors’ rights and to
general equity principles; and

     (4)
all conditions precedent (and covenants, compliance with which
constitutes a condition precedent) under this Indenture to the
authentication and delivery of such Securities by the Trustee have
been complied with.

     If all the Securities of any Series are not to be issued at one time, it shall not be
necessary to deliver an Opinion of Counsel and an Officer’s Certificate at the time of issuance of
each Security, but such opinion and certificate, with appropriate modifications, shall be delivered
at or before the time of issuance of the first Security of such Series. After any such first
delivery, any separate written request by an Officer of the Company or any person designated in
writing by an Officer that the Trustee authenticate and deliver Securities of such Series for
original issue will be deemed to be a certification by the Company that all conditions precedent
provided for in this Indenture relating to authentication and delivery of such Securities continue
to have been complied with.

     If such form or terms have been so established, the Trustee shall not be required to
authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect
the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise
in a manner which is not reasonably acceptable to the Trustee.

     Notwithstanding the foregoing, if any Security shall have been authenticated and delivered
hereunder but never issued and sold by the Company, and the Company shall deliver such Security to
the Trustee for cancellation as provided in Section 309, for all purposes of this Indenture such
Security shall be deemed never to have been authenticated and delivered hereunder and shall never
be entitled to the benefits of this Indenture.

SECTION 203. Transfer and Exchange.

     (1) Transfer and Exchange of Global Securities. A Global Security may not be transferred as
a whole except by the Depository to a nominee of the Depository, by a nominee of the Depository
to the Depository or to another nominee of the Depository, or by the Depository or any such
nominee to a successor Depository or a nominee of such successor Depository. The Company
initially appoints The Depository Trust Company (“DTC”) to act as Depository with respect to the
Global Securities. Global Securities shall be exchanged by the Company for Definitive Securities
if:

     (A) the Company delivers to the Trustee notice from the Depository that it is unwilling
or unable to continue to act as Depository or that it is no longer a clearing agency
registered under the Exchange Act and, in either case, a successor Depository is not
appointed by the Company within 120 days after the date of such notice from the Depository;
or

     (B) the Company in its sole discretion determines that the Global Securities (in whole
but not in part) should be exchanged for Definitive Securities and delivers written notice
to such effect to the Trustee; or

     (C) there shall have occurred and be continuing an Event of Default under this
Indenture and the Trustee has received a request from the Depository or any Holder to issue
Definitive Securities.

     Upon the occurrence of any of the preceding events in (A) or (B) above, the Company will
notify the Trustee in writing that, upon surrender by the Participants of their interest in such
Global Securities, Definitive Securities will be issued to each Person that such Participants and
the Depository identify as being the beneficial owner of the related Securities. Global Securities
also may be exchanged or replaced, in whole or in part, as provided in Sections 304, 305 and 306
hereof. Except as otherwise provided above in this Section 203, every Security authenticated and
delivered in exchange for, or in lieu of, a Global Security or any portion thereof, pursuant to
this Section 203 or Sections 304, 305 or 306 hereof, shall be authenticated

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and delivered in the form of, and shall be, a Global Security. A Global Security may not be
exchanged for another Security other than as provided in this Section 203(1).

     (2) Legends. The following legend shall appear on the face of all Global Securities issued
under this Indenture unless specifically stated otherwise in the applicable provisions of this
Indenture:

“THIS GLOBAL SECURITY IS HELD BY AND REGISTERED IN THE NAME OF THE DEPOSITORY (AS DEFINED IN
THE INDENTURE GOVERNING THIS SECURITY), IS NOT EXCHANGEABLE FOR SECURITIES REGISTERED IN THE
NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY
CIRCUMSTANCES EXCEPT THAT (A) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED
PURSUANT TO SECTION 203 OF THE INDENTURE, (B) THIS GLOBAL SECURITY MAY BE EXCHANGED PURSUANT
TO SECTION 203(1) OF THE INDENTURE, (C) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE
FOR CANCELLATION PURSUANT TO SECTION 309 OF THE INDENTURE AND (D) THIS GLOBAL SECURITY MAY
BE TRANSFERRED TO A SUCCESSOR DEPOSITORY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE
& CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT 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.”

     (3) General Provisions Relating to Transfers and Exchanges.

     (A) To permit registrations of transfers and exchanges, the Company shall execute and
the Trustee shall authenticate Global Securities and Definitive Securities upon the
Company’s order or at the Security Registrar’s request.

     (B) No service charge shall be made to a Holder of a Definitive Security for any
registration of transfer or exchange, but the Company may require payment of a sum
sufficient to cover any transfer tax or similar governmental charge payable in connection
therewith (other than any such transfer taxes or similar governmental charge payable upon
exchange or transfer pursuant to Section 305 hereof).

     (C) The Security Registrar shall not be required to register the transfer of or
exchange any Security selected for redemption in whole or in part, except the unredeemed
portion of any Security being redeemed in part.

     (D) All Global Securities and Definitive Securities issued upon any registration of
transfer or exchange of Global Securities or Definitive Securities shall be the valid and
legally binding obligations of the Company, evidencing the same debt, and entitled to the
same benefits under this Indenture, as the Global Securities or Definitive Securities
surrendered upon such registration of transfer or exchange.

     (E) The Company shall not be required (i) to issue, to register the transfer of or to
exchange any Securities during a period beginning at the opening of business on a Business
Day 15 days before the day of any selection of Securities for redemption under Section 1103
hereof and ending at the close of business on the day of selection or (ii) to register the
transfer of or to exchange any Security so selected for redemption in whole or in part,
except the unredeemed portion of any Security being redeemed in part or (iii) to register
the transfer of or to exchange a Security between a record date for the payment of interest
and the next succeeding Interest Payment Date.

     (F) Prior to due presentment for the registration of a transfer of any Security, the
Trustee, any Agent and the Company may deem and treat the Person in whose name any Security
is registered as the absolute owner of such Security for the purpose of receiving payment of
principal of and interest on such Securities and for all other purposes, and none of the
Trustee, any Agent or the Company shall be affected by notice to the contrary.

     (G) The Trustee shall authenticate Global Securities and Definitive Securities upon
original issuance in accordance with the provisions of Section 202 hereof.

     (H) All certifications, certificates and Opinions of Counsel required to be submitted
to the Security Registrar pursuant to this Section 203 to effect a registration of transfer
or exchange may be submitted by facsimile with the original to follow by first class mail.

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     (4) No Obligation of the Trustee.

     (A) None of the Trustee, any Paying Agent or the Security Registrar shall have any
responsibility or obligation to any beneficial owner in a Global Security, a member of, or a
participant in the Depository or other Person with respect to the accuracy of the records of
the Depository or its nominee or of any participant or member thereof, with respect to any
ownership interest in the Securities or with respect to the delivery to any participant,
member, beneficial owner or other Person (other than the Depository) of any notice
(including any notice of redemption) or the payment of any amount, under or with respect to
such Securities. All notices and communications to be given to the Holders and all payments
to be made to Holders under the Securities shall be given or made only to or upon the order
of the registered Holders (which shall be the Depository or its nominee in the case of the
Global Security). The rights of beneficial owners in the Global Security shall be exercised
only through the Depository subject to the applicable rules and procedures of the
Depository. The Trustee, any Paying Agent and the Security Registrar may rely and shall be
fully protected in relying upon information furnished by the Depository with respect to its
members, participants and any beneficial owners. The Trustee, each Paying Agent and the
Security Registrar shall be entitled to deal with any depositary (including the Depository),
and any nominee thereof, that is the Holder of any Global Security for all purposes of this
Indenture relating to such global Security (including the payment of principal, premium, if
any, and interest and additional amounts, if any, and the giving of instructions or
directions by or to the owner or holder of a beneficial ownership interest in such Global
Security) as the sole Holder of such Global Security and shall have no obligations to the
beneficial owners thereof. None of the Trustee, any Paying Agent or the Security Registrar
shall have any responsibility or liability for any acts or omissions of any such depositary
with respect to such Global Security, for the records of any such depositary, including
records in respect of beneficial ownership interests in respect of any such Global Security,
for any transactions between such depositary and any participant in such depositary or
between or among any such depositary, any such participant and/or any holder or owner of a
beneficial interest in such Global Security or for any transfers of beneficial interests in
any such Global Security.

     (B) The Trustee shall have no obligation or duty to monitor, determine or inquire as to
compliance with any restrictions on transfer imposed under this Indenture or under
applicable law with respect to any transfer of any interest in any Security (including any
transfers between or among Depository participants, members or beneficial owners in the
Global Security) other than to make any required delivery of such certificates and other
documentation or evidence as are expressly required by, and to do so if and when expressly
required by, the terms of this Indenture, and to examine the same to determine substantial
compliance as to form with the express requirements hereof.

ARTICLE THREE

THE SECURITIES

SECTION 301. Amount Unlimited; Issuable in Series.

     The aggregate principal amount of Securities which may be authenticated and delivered under
this Indenture is unlimited.

     The Securities may be issued in one or more series. There shall be established in or pursuant
to a Board Resolution and, subject to Section 202, set forth, or determined in the manner provided,
in an Officer’s Certificate, or established in one or more indentures supplemental hereto, prior to
the issuance of Securities of any series,

     (1) the title of the Securities of the series (which shall distinguish the Securities of
the series from Securities of any other series);

     (2) any limit upon the aggregate principal amount of the Securities of the series which may
be authenticated and delivered under this Indenture (except for Securities authenticated and
delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities
of the series pursuant to Section 304, 305, 306, 906 or 1107 and except for any Securities
which, pursuant to Section 202, are deemed never to have been authenticated and delivered
hereunder);

     (3) the Person to whom any interest on a Security of the series shall be payable, if other
than the Person in whose name that Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such interest;

     (4) the date or dates on which the principal of any Securities of the series is payable;

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     (5) the rate or rates at which any Securities of the series shall bear interest, if any,
the date or dates from which any such interest shall accrue, the Interest Payment Dates on which
any such interest shall be payable and the Regular Record Date for any such interest payable on
any Interest Payment Date;

     (6) the place or places where the principal of and any premium and interest on any
Securities of the series shall be payable;

     (7) the period or periods within which, the price or prices at which and the terms and
conditions upon which any Securities of the series may be redeemed, in whole or in part, at the
option of the Company and, if other than by a Board Resolution, the manner in which any election
by the Company to redeem the Securities shall be evidenced;

     (8) the obligation, if any, of the Company to redeem or purchase any Securities of the
series pursuant to any sinking fund or analogous provisions or at the option of the Holder
thereof and the period or periods within which, the price or prices at which and the terms and
conditions upon which any Securities of the series shall be redeemed or purchased, in whole or
in part, pursuant to such obligation;

     (9)
if other than denominations of $2,000 and any integral multiple thereof, the
denominations in which any Securities of the series shall be issuable;

     (10) if the amount of principal of or any premium or interest on any Securities of the
series may be determined with reference to an index or pursuant to a formula, the manner in
which such amounts shall be determined,

     (11) if other than the currency of the United States of America, the currency, currencies
or currency units in which the principal of or any premium or interest on any Securities of the
series shall be payable and the manner of determining the equivalent thereof in the currency of
the United States of America for any purpose, including for purposes of the definition of
“Outstanding” in Section 101;

     (12) if the principal of or any premium or interest on any Securities of the series is to
be payable, at the election of the Company or the Holder thereof, in one or more currencies or
currency units other than that or those in which such Securities are stated to be payable, the
currency, currencies or currency units in which the principal of or any premium or interest on
such Securities as to which such election is made shall be payable, the periods within which and
the terms and conditions upon which such election is to be made and the amount so payable (or
the manner in which such amount shall be determined);

     (13) if other than the entire principal amount thereof, the portion of the principal amount
of any Securities of the series which shall be payable upon declaration of acceleration of the
Maturity thereof pursuant to Section 502;

     (14) if the principal amount payable at the Stated Maturity of any Securities of the series
will not be determinable as of any one or more dates prior to the Stated Maturity, the amount
which shall be deemed to be the principal amount of such Securities as of any such date for any
purpose thereunder or hereunder, including the principal amount thereof which shall be due and
payable upon any Maturity other than the Stated Maturity or which shall be deemed to be
Outstanding as of any date prior to the Stated Maturity (or, in any such case, the manner in
which such amount deemed to be the principal amount shall be determined);

     (15) if applicable, that the Securities of the series, in whole or any specified part,
shall be defeasible pursuant to Section 1302 or Section 1303 or both such Sections and, if other
than by a Board Resolution, the manner in which any election by the Company to defease such
Securities shall be evidenced;

     (16) if applicable, that any Securities of the series shall be issuable in whole or in part
in the form of one or more Global Securities and, in such case, the respective Depositories for
such Global Securities, the form of any legend or legends which shall be borne by any such
Global Security in addition to or in lieu of that set forth in Section 203 and any circumstances
in addition to or in lieu of those set forth in Clause (B) of the last paragraph of Section
203(1) in which any such Global Security may be exchanged in whole or in part for Securities
registered, and any transfer of such Global Security in whole or in part may be registered, in
the name or names of Persons other than the Depository for such Global Security or a nominee
thereof;

     (17) any addition to or change in the Events of Default which applies to any Securities of
the series and any change in the right of the Trustee or the requisite Holders of such
Securities to declare the principal amount thereof due and payable pursuant to Section 502;

     (18) any addition to or change in the covenants set forth in Article Ten which applies to
Securities of the series; and

     (19) any other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture, except as permitted by Section 901(5)).

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     All Securities of any one series shall be substantially identical except as to denomination
and except as may otherwise be provided in or pursuant to the Board Resolution referred to above
and (subject to Section 202) set forth, or determined in the manner provided, in the Officer’s
Certificate referred to above or in any such indenture supplemental hereto.

     If any of the terms of the series are established by action taken by or pursuant to a Board
Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or
an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of
the Officer’s Certificate setting forth the terms of the series.

SECTION 302. Intentionally Omitted.

SECTION 303. Intentionally Omitted.

SECTION 304. Temporary Securities.

     Pending the preparation of definitive Securities of any series, the Company may execute and,
upon receipt of Company Order the Trustee shall authenticate and deliver, temporary Securities
which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized
denomination, substantially of the tenor of the Definitive Securities in lieu of which they are
issued and with such appropriate insertions, omissions, substitutions and other variations as the
officers executing such Securities may determine, as evidenced by their execution of such
Securities.

     If temporary Securities of any series are issued, the Company will cause Definitive Securities
of that series to be prepared without unreasonable delay. After the preparation of Definitive
Securities of such series, the temporary Securities of such series shall be exchangeable for
Definitive Securities of such series upon surrender of the temporary Securities of such series at
the office or agency of the Company in a Place of Payment for that series, without charge to the
Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the
Company shall execute and the Trustee shall authenticate and deliver in exchange therefor one or
more Definitive Securities of the same series, of any authorized denominations and of like tenor
and aggregate principal amount. Until so exchanged, the temporary Securities of any series shall in
all respects be entitled to the same rights, benefits and privileges under this Indenture as
Definitive Securities of such series and tenor.

SECTION 305. Registration; Registration of Transfer and Exchange.

     The Company shall cause to be kept at the Corporate Trust Office of the Trustee a register
(the register maintained in such office or agency and in any other office or agency of the Company
in a Place of Payment being herein sometimes collectively referred to as the “Security Register”)
in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for
the registration of Securities and of transfers of Securities. The Trustee is hereby appointed
“Security Registrar” for the purpose of registering Securities and transfers of Securities as
herein provided.

     Except as otherwise specified or contemplated by Section 301 with respect to the Securities of
any series, upon surrender for registration of transfer of any Security of such series at the
office or agency of the Company in a Place of Payment, the Company shall execute, and the Trustee
shall authenticate and deliver, in the name of the designated transferee or transferees, one or
more new Securities of the same series, of authorized denominations and of like tenor and aggregate
principal amount.

     Except as otherwise specified or contemplated by Section 301 with respect to the Securities of
any series, any Security of such series may be exchanged at the option of the Holder, for one or
more new Securities of the same series, of authorized denominations and of like tenor and aggregate
principal amount, upon surrender of the Securities to be exchanged at any such office or agency.
Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee
shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to
receive.

     All Securities delivered upon any registration of transfer or exchange of Securities shall be
valid obligations of the Company, evidencing the same debt, and entitled to the benefits under this
Indenture, as the Securities surrendered upon such registration of transfer or exchange.

     Every Security presented or surrendered for registration of transfer or for exchange shall (if
so required by the Company, the Trustee or the Security Registrar) be duly endorsed or shall be
accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee or
the Security Registrar, as the case may be, duly executed by the Holder thereof or his attorney
duly authorized in writing.

     Unless otherwise specified as contemplated by Section 301 with respect to Securities of any
series, no service charge shall be made for any registration of transfer or exchange of Securities,
but the Company may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any registration of transfer or exchange of
Securities.

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SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities.

     If any mutilated security is surrendered to the Trustee, the Company shall execute and the
Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and
of like tenor and principal amount and bearing a number not contemporaneously outstanding.

     If there shall be delivered to the Company and the Trustee (1) evidence to their satisfaction
of the destruction, loss or theft of any Security and (2) such security or indemnity as may be
required by them to save each of them and any agent of either of them harmless, then, in the
absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide
purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of any
such destroyed, lost or stolen Security, a new Security of the same series and of like tenor and
principal amount and bearing a number not contemporaneously outstanding.

     In case any such mutilated, destroyed, lost or stolen Security has become or is about to
become due and payable, the Company in its discretion may, instead of issuing a new Security, pay
such Security.

     Upon the issuance of any new Security under this Section, the Company may require the payment
of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation
thereto and any other expenses (including the fees and expenses of the Trustee) connected
therewith.

     Every new Security of any series issued pursuant to this Section in lieu of any destroyed,
lost or stolen Security shall constitute an original additional contractual obligation of the
Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by
anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately
with any and all other Securities of that series duly issued hereunder.

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

SECTION 307. Payment of Interest; Interest Rights Preserved.

     Except as otherwise provided as contemplated by Section 301 with respect to any series of
Securities, interest on any Security which is payable, and is punctually paid or duly provided for,
on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or
more Predecessor Securities) is registered at the close of business on the Regular Record Date for
such interest.

     Any interest on any Security of any series which is payable, but is not punctually paid or
duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall
forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having
been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each
case, as provided in Clause (1) or (2) below:

     (1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose
names the Securities of such series (or their respective Predecessor Securities) are registered
at the close of business on a Special Record Date for the payment of such Defaulted Interest,
which shall be fixed in the following manner. The Company shall notify the Trustee in writing of
the amount of Defaulted Interest proposed to be paid on each Security of such series and the
date of the proposed payment, and at the same time the Company shall deposit with the Trustee an
amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted
Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the
date of the proposed payment, such money when deposited to be held in trust for the benefit of
the Persons entitled to such Defaulted Interest as in this Clause provided. Thereupon the
Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall
be not more than 15 days and not less than 10 days prior to the date of the proposed payment and
not less than 10 days after the receipt by the Trustee of the notice of the proposed payment.
The Trustee shall promptly notify the Company of such Special Record Date and, in the name and
at the expense of the Company, shall cause notice of the proposed payment of such Defaulted
Interest and the Special Record Date therefor to be given to each Holder of Securities of such
series in the manner set forth in Section 106, not less than 10 days prior to such Special
Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record
Date therefor having been so sent, such Defaulted Interest shall be paid to the Persons in whose
names the Securities of such series (or their respective Predecessor Securities) are registered
at the close of business on such Special Record Date and shall no longer be payable pursuant to
the following Clause (2).

     (2) The Company may make payment of any Defaulted Interest on the Securities of any series
in any other lawful manner not inconsistent with the requirements of any securities exchange on
which such Securities may be listed, and upon such notice as may be required by such exchange,
if, after notice given by the Company to the Trustee of the proposed payment pursuant to this
Clause, such manner of payment shall be deemed practicable by the Trustee.

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     Subject to the foregoing provisions of this Section, each Security delivered under this
Indenture upon registration of transfer of or in exchange for or in lieu of any other Security
shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such
other Security.

SECTION 308. Persons Deemed Owners.

     Prior to due presentment of a Security for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name such Security is
registered as the absolute owner of such Security for the purpose of receiving payment of principal
of and premium, if any, and (subject to Sections 305 and 307) interest, if any, on such Security
and for all other purposes whatsoever, whether or not such Security be overdue, and neither the
Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the
contrary.

SECTION 309. Cancellation.

     All Securities surrendered for payment, redemption, registration of transfer or exchange or
for credit against any sinking fund payment shall, if surrendered to any Person other than the
Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any
time deliver to the Trustee for cancellation any Securities previously authenticated and delivered
hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the
Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities
previously authenticated hereunder and all Securities so delivered shall be promptly cancelled by
the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities
cancelled as provided in this Section, except as expressly permitted by this Indenture. All
cancelled Securities held by the Trustee shall be disposed in accordance with the Trustee’s then
customary procedures. If requested by the Company, certification of the cancellation of all
surrendered Securities shall be delivered to the Company.

SECTION 310. Computation of Interest.

     Except as otherwise specified as contemplated by Section 301 for Securities of any series,
interest on the Securities of each series shall be computed on the basis of a 360-day year of
twelve 30-day months.

SECTION 311. CUSIP Numbers.

     The Company in issuing the Securities may use “CUSIP” and/or other similar numbers (if then
generally in use), and, if so, the Trustee shall use “CUSIP” and/or such other numbers in notices
issued under this Indenture, including but not limited to notices of redemption or exchange 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 Securities
or as contained in any such notice and that reliance may be placed only on
the other identification numbers printed on the Securities, and any
such notice, redemption or exchange shall not be
affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee
of any change in the “CUSIP” and/or such other numbers.

ARTICLE FOUR

SATISFACTION AND DISCHARGE

SECTION 401. Satisfaction and Discharge of Indenture.

     This Indenture shall upon Company Request cease to be of further effect (except as to any
surviving rights of registration of transfer or exchange of Securities herein expressly provided
for), and the Trustee, at the expense of the Company, shall execute proper instruments
acknowledging satisfaction and discharge of this Indenture, when

     (1) either

     (A) all Securities theretofore authenticated and delivered (other than (i) Securities
which have been destroyed, lost or stolen and which have been replaced or paid as provided
in Section 306 and (ii) Securities for whose payment money has theretofore been deposited in
trust or segregated and held in trust by the Company and thereafter repaid to the Company or
discharged from such trust, as provided in Section 1003) have been delivered to the Trustee
for cancellation; or

     (B) all such Securities not theretofore delivered to the Trustee for cancellation

     (i) have become due and payable, or

     (ii) will become due and payable at their Stated Maturity within one year, or

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     (iii) are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the
name, and at the expense, of the Company,

and the Company, in the case of (i), (ii) or (iii) above, has deposited or caused to be
deposited with the Trustee as trust funds, in trust for such purpose, money in an amount
entirely in cash or U.S. Government Obligations, or a combination
thereof, in the opinion of a nationally recognized firm of
independent public accountants expressed in written certification
thereof delivered to the Trustee, sufficient to pay and discharge the entire Indebtedness on such Securities not theretofore
delivered to the Trustee for cancellation, for principal and any premium and interest to the
date of such deposit (in the case of Securities which have become due and payable) or to the
Stated Maturity or Redemption Date, as the case may be;

     (2) the Company has paid or caused to be paid all other sums payable hereunder by the
Company; and

     (3) the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating to the
satisfaction and discharge of this Indenture have been complied with.

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to
the Trustee under Section 607, the obligations of the Trustee to any Authenticating Agent under
Section 614 and, if money shall have been deposited with the Trustee pursuant to subclause (B) of
Clause (1) of this Section, the obligations of the Trustee under Section 402 and the last paragraph
of Section 1003 shall survive.

SECTION 402. Application of Trust Money.

     Subject to the provisions of the last paragraph of Section 1003, all money deposited with the
Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the
provisions of the Securities and this Indenture, to the payment, either directly or through any
Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine,
to the Persons entitled thereto, of the principal and any premium and interest for whose payment
such money has been deposited with the Trustee.

ARTICLE FIVE

REMEDIES

SECTION 501. Events of Default.

     “Event of Default”, wherever used herein with respect to Securities of any series, means any
one of the following events (whatever the reason for such Event of Default 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):

     (1) default in the payment of any interest upon any Security of that series when it becomes
due and payable, and continuance of such default for a period of 30 days; or

     (2) default in the payment of the principal of or any premium on any Security of that
series at its Maturity; or

     (3) default in the deposit of any sinking fund payment, when and as due by the terms of a
Security of that series; or

     (4) default in the performance, or breach, of any covenant or warranty of the Company in
this Indenture (other than a covenant or warranty a default in whose performance or whose breach
is elsewhere in this Section specifically dealt with or which has expressly been included in
this Indenture solely for the benefit of series of Securities other than that series), and
continuance of such default or breach for a period of 60 days after there has been given, by
registered or certified mail, or sent by a national courier service
that provides next day delivery, to the Company by the Trustee or to the Company and the Trustee by
the Holders of at least 25% in principal amount of the Outstanding Securities of that series 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

     (5) the entry by a court having jurisdiction in the premises of (A) a decree or order for
relief in respect of the Company or in an involuntary case or proceeding under any applicable
Federal or State bankruptcy, insolvency, reorganization or other similar law or (B) a decree or
order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition
seeking reorganization, arrangement, adjustment or composition of or in respect of the Company
or under any applicable Federal or State law, or appointing a custodian, receiver, liquidator,
assignee, trustee, sequestrator or other similar official of the Company or of any substantial
part of the its property, or ordering the winding up or liquidation of its affairs, and the
continuance of any such decree or order for relief or any such other decree or order unstayed
and in effect for a period of 60 consecutive days; or

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     (6) the commencement by the Company of a voluntary case or proceeding under any applicable
Federal or State bankruptcy, insolvency, reorganization or other similar law or of any other
case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry
of a decree or order for relief in respect of the Company in an involuntary case or proceeding
under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar
law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the
filing by it of a petition or answer or consent seeking reorganization or relief under any
applicable Federal or State law, or the consent by it to the filing of such petition or to the
appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee,
sequestrator or other similar official of the Company or of any substantial part of its
property, or the making by the Company of an assignment for the benefit of creditors, or the
admission by the Company in writing of its inability to pay its debts generally as they become
due, or the taking of corporate action by the Company in furtherance of any such action; or

     (7) any other Event of Default provided as contemplated by Section 301 or 901 herein with
respect to Securities of that series.

SECTION 502. Acceleration of Maturity; Rescission and Annulment.

     If an Event of Default (other than an Event of Default specified in Section 501(5) or 501(6))
with respect to Securities of any series at the time Outstanding occurs and is continuing, then in
every such case the Trustee or the Holders of not less than 25% in principal amount of the
Outstanding Securities of that series may declare the principal amount of all the Securities of
that series (or, if any Securities of that series are Original Issue Discount Securities, such
portion of the principal amount of such Securities as may be specified by the terms thereof) to be
due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by
Holders), and upon any such declaration such principal amount (or specified amount) shall become
immediately due and payable. If an Event of Default specified in Section 501(5) or 501(6) with
respect to Securities of any series at the time Outstanding occurs, the principal amount of all the
Securities of that series (or, if any Securities of that series are Original Issue Discount
Securities, such portion of the principal amount of such Securities as may be specified by the
terms thereof) shall automatically, and without any declaration or other action on the part of the
Trustee or any Holder, become immediately due and payable.

     At any time after such a declaration of acceleration with respect to Securities of any series
has been made and before a judgment or decree for payment of the money due has been obtained by the
Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of
the Outstanding Securities of that series, by written notice to the Company and the Trustee, may
rescind and annul such declaration and its consequences if

     (1) the Company has paid or deposited with the Trustee a sum sufficient to pay

     (A) all overdue interest on all Securities of that series,

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     (B) the principal of (and premium, if any, on) any Securities of that series which have
become due otherwise than by such declaration of acceleration and any interest thereon at
the rate or rates prescribed therefor in such Securities,

     (C) to the extent that payment of such interest is lawful, interest upon overdue
interest at the rate or rates prescribed therefor in such Securities, and

     (D) all sums paid or advanced by the Trustee hereunder and the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel and all other
amounts due the Trustee under Section 607; and

     (2) all Events of Default with respect to Securities of that series, other than the
non-payment of the principal of Securities of that series which have become due solely by such
declaration of acceleration, have been cured or waived as provided in Section 513.

     No such rescission shall affect any subsequent default or impair any right consequent thereon.

SECTION 503. Collection of Indebtedness and Suits for Enforcement by Trustee.

     The Company covenants that if

     (1) default is made in the payment of any interest on any Security when such interest
becomes due and payable and such default continues for a period of 30 days, or

     (2) default is made in the payment of the principal of (or premium, if any, on) any
Security at the Maturity thereof,

and such default is continuing, the Company will, upon demand of the Trustee, pay to it, for the
benefit of the Holders of such Securities, the whole amount then due and payable on such Securities
for principal and any premium and interest and, to the extent that payment of such interest shall
be legally enforceable, interest on any overdue principal and premium and on any overdue interest,
at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further
amount as shall be sufficient to cover the costs and expenses of collection, including the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, and all other amounts due the Trustee under Section 607.

     If an Event of Default with respect to Securities of any series occurs and is continuing, the
Trustee may in its discretion proceed to protect and enforce its rights and the rights of the
Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall
deem most effectual to protect and enforce any such rights, whether for the specific enforcement of
any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein,
or to enforce any other proper remedy.

SECTION 504. Trustee May File Proofs of Claim.

     In case of any judicial proceeding relative to the Company (or any other obligor upon the
Securities), its property or its creditors, the Trustee shall be entitled and empowered, by
intervention in such proceeding or otherwise, to take any and all actions authorized under the
Trust Indenture Act in order to have claims of the Holders and the Trustee (including any claim for
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, and all other amounts due the Trustee under Section 607) allowed in any such proceeding.
In particular, the Trustee shall be authorized to collect and receive any moneys 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 judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the
event that the Trustee shall consent to the making of such payments directly to the Holders, to pay
to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 607. To the extent that the payment of any such compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607 hereof
out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall
be secured by a lien on, and shall be paid out of, any and all distributions, dividends, money,
securities and other properties that the Holders may be entitled to receive in such proceeding
whether in liquidation or under any plan of reorganization or arrangement or otherwise.

     No provision of this Indenture shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement,
adjustment or composition affecting the Securities or the rights of any Holder thereof or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding;
provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a
trustee in bankruptcy or similar official and be a member of a creditors’ or other similar
committee.

SECTION 505. Trustee May Enforce Claims Without Possession of Securities.

     All rights of action and claims under this Indenture or the Securities may be prosecuted and
enforced by the Trustee without the possession of any of the Securities or the production thereof
in any proceeding relating thereto, and any such

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proceeding instituted by the Trustee shall be brought in its own name as trustee of an express
trust, and any recovery of judgment shall, after provision for the payment of the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for
the ratable benefit of the Holders of the Securities in respect of which such judgment has been
recovered.

SECTION 506. Application of Money Collected.

     Any money collected by the Trustee pursuant to this Article and, after an Event of Default,
any money or other property distributable in respect of the Company’s obligations under this
Indenture, shall be applied in the following order, at the date or dates fixed by the Trustee and,
in case of the distribution of such money on account of principal or any premium or interest, upon
presentation of the Securities and the notation thereon of the payment if only partially paid and
upon surrender thereof if fully paid:

     FIRST: To the payment of all amounts due the Trustee (including any predecessor Trustee) under
Section 607;

     SECOND: To the payment of the amounts then due and unpaid for principal of and any premium and
interest on the Securities in respect of which or for the benefit of which such money has been
collected, ratably, without preference or priority of any kind, according to the amounts due and
payable on such Securities for principal and any premium and interest, respectively; and

     THIRD: To the Company or to such party as a court of competent jurisdiction shall direct;

provided, however, in the event that default is made in the payment of any interest on any Security
when such interest becomes due and payable and such default continues for a period of 30 days, or
default is made in the payment of the principal of or premium, if any, on any Security on the
Stated Maturity Date or Redemption Date thereof, the Trustee may reserve from any money collected
pursuant to this Article an amount sufficient, in the reasonable determination of the Trustee, to
cover the expenses, disbursements and advances of the Trustee that may be incurred thereafter.

     The Trustee may fix a record date for the payment of any amounts to Holders pursuant to this
Section.

SECTION 507. Limitation on Suits.

     No Holder of any Security of any series shall have any right to institute any proceeding,
judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or
trustee, or for any other remedy hereunder, unless

     (1) such Holder has previously given written notice to the Trustee of a continuing Event of
Default with respect to the Securities of that series;

     (2) the Holders of not less than 25% in principal amount of the Outstanding Securities of
that series shall have made written request to the Trustee to institute proceedings in respect
of such Event of Default in its own name as Trustee hereunder;

     (3) such Holder or Holders have offered to the Trustee indemnity or security reasonably
satisfactory to the Trustee against the costs, expenses and liabilities to be incurred in
compliance with such request;

     (4) the Trustee for 60 days after its receipt of such notice, request and offer of
indemnity has failed to institute any such proceeding; and

     (5) no direction inconsistent with such written request has been given to the Trustee
during such 60-day period by the Holders of a majority in principal amount of the Outstanding
Securities of that series;

it being understood and intended that no one or more of such Holders shall have any right in any
manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb
or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or
preference over any other of such Holders or to enforce any right under this Indenture, except in
the manner herein provided and for the equal and ratable benefit of
all of such Holders. The Trustee shall mail to all Holders any notice it
receives from Holders under this Section.

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest.

     Notwithstanding any other provision in this Indenture, the Holder of any Security shall have
the right, which is absolute and unconditional, to receive payment of the principal of and any
premium and (subject to Section 307) interest on such Security on the respective Stated Maturities
expressed in such Security (or, in the case of redemption, on the Redemption Date) and to institute
suit for the enforcement of any such payment, and such rights shall not be impaired without the
consent of such Holder.

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SECTION 509. Restoration of Rights and Remedies.

     If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy
under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has
been determined adversely to the Trustee or to such Holder, then and in every such case, subject to
any determination in such proceeding, the Company, the Trustee and the Holders shall be restored
severally and respectively to their former positions hereunder and thereafter all rights and
remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted.

SECTION 510. Rights and Remedies Cumulative.

     Except as otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities in the last paragraph of Section 306, no right or remedy
herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of
any other right or remedy, and every right and remedy shall, to the extent permitted by law, be
cumulative and in addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other
appropriate right or remedy.

SECTION 511. Delay or Omission Not Waiver.

     No delay or omission of the Trustee or of any Holder of any Securities to exercise any right
or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a
waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by
this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as
often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.

SECTION 512. Control by Holders.

     The Holders of a majority in principal amount of the Outstanding Securities of any series
shall have the right to direct the time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with
respect to the Securities of such series, provided, however, that

     (1) such direction shall not be in conflict with any rule of law or with this Indenture;

     (2)
such direction shall not involve the Trustee in personal liability,
or would be unduly prejudicial to Holders of Securities not joining
in such direction, it being understood that the Trustee shall have no
duty to ascertain whether such actions or forbearances are unduly prejudicial to
such Holders; and

     (3) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction.

SECTION 513. Waiver of Past Defaults.

     The Holders of not less than a majority in principal amount of the Outstanding Securities of
any series may on behalf of the Holders of all the Securities of such series waive any past default
hereunder with respect to such series and its consequences, except a default

     (1) in the payment of the principal of or any premium or interest on any Security of such
series, or

     (2) in respect of a covenant or provision hereof which under Article Nine cannot be
modified or amended without the consent of the Holder of each Outstanding Security of such
series affected.

     Upon any such waiver, such default shall cease to exist, and any Event of Default arising
therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such
waiver shall extend to any subsequent or other default or impair any right consequent thereon.

SECTION 514. Undertaking for Costs.

     In any suit for the enforcement of any right or remedy under this Indenture, or in any suit
against the Trustee for any action taken, suffered or omitted by it as Trustee, a court may require
any party litigant in such suit to file an undertaking to pay the costs of such suit, and may
assess costs against any such party litigant, in the manner and to the extent provided in the Trust
Indenture Act; provided, however, that neither this Section nor the Trust Indenture Act shall be
deemed to authorize any court to require such an undertaking or to make such an assessment in any
suit instituted by the Company.

SECTION 515. Waiver of Usury, Stay or Extension Laws.

     The Company covenants (to the extent that it may lawfully do so) that it will not at any time
insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any
usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may
affect the covenants or the performance of this Indenture; and the Company (to the

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extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any
such law and covenants that it will not hinder, delay or impede the execution of any power herein
granted to the Trustee, but will suffer and permit the execution of every such power as though no
such law had been enacted.

ARTICLE SIX

THE TRUSTEE

SECTION 601. Certain Duties and Responsibilities.

     (1) Except during the continuance of an Event of Default with respect to any series of
Securities,

     (A) the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture with respect to the Securities of such series, and
no implied covenants or obligations shall be read into this Indenture against the Trustee;
and

     (B) in the absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed therein, upon
certificates or opinions furnished to the Trustee and conforming to the requirements of this
Indenture, but in the case of any such certificates or opinions which by any provision
hereof are specifically required to be furnished to the Trustee, the Trustee shall be under
a duty to examine the same to determine whether or not they conform to the requirements of
this Indenture.

     (2) In case an Event of Default with respect to any series of Securities has occurred and
is continuing, the Trustee shall exercise with respect to the Securities of such series such of
the rights and powers vested in it by this Indenture, and use the same degree of care and skill
in their exercise, as a prudent person would exercise or use under the circumstances in the
conduct of his or her own affairs.

     (3) No provision of this Indenture shall be construed to relieve the Trustee from liability
for its own negligent action, its own negligent failure to act or its own willful misconduct,
except that

     (A) this Subsection shall not be construed to limit the effect of Subsections (1) and
(4) of this Section;

     (B) the Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it shall be proved that the Trustee was negligent in
ascertaining the pertinent facts; and

     (C) the 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 request or direction of the Holders of a majority in
principal amount of the Outstanding Securities of any series relating to the time, method
and place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred upon the Trustee, under this Indenture with respect
to the Securities of such series.

     (4) Notwithstanding the foregoing, no provision of this Indenture shall require the Trustee
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 rights or powers, if it 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.

     (5) Whether or not therein expressly so provided, every provision of this Indenture
relating to the conduct or affecting the liability of or affording protection to the Trustee
shall be subject to the provisions of this Section.

SECTION 602. Notice of Defaults.

     If a default occurs and is continuing hereunder with respect to Securities of any series and
is known to a Responsible Officer of the Trustee, the Trustee shall give the Holders of
Securities of such series notice of such default as and to the extent provided by the Trust
Indenture Act, unless such default has been cured or waived; provided, however, that in the case of any
default of the character specified in Section 501(4) with respect to Securities of such series, no
such notice to Holders need be given until at least 30 days after the occurrence thereof. Except in
the case of a default or Event of Default in payment of principal of, premium, if any, or interest
on any Security, or in the payment of any sinking fund installment, the Trustee may withhold such
notice if and so long as a committee of its Responsible Officers in good faith determines that
withholding the notice is in the interest of the Holders of the Securities. For the purpose of this
Section, the term “default” means any event which is, or after notice or lapse of time or both
would become, an Event of Default with respect to Securities of such series.

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SECTION 603. Certain Rights of Trustee.

     Subject to the provisions of Section 601:

     (1) the Trustee may conclusively rely and shall be fully protected in acting or refraining
from acting upon any resolution, certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order, bond, debenture, note, other evidence of Indebtedness or
other paper or document (whether in its original or facsimile form) believed by it to be genuine
and to have been signed or presented by the proper party or parties;

     (2) before the Trustee acts or refrains from acting in administering this Indenture, it may
require an Officer’s Certificate or an Opinion of Counsel, or both, and the Trustee shall not be
liable for any action it takes or omits to take in good faith in reliance on such certificate or
opinion;

     (3) any request or direction of the Company mentioned herein shall be sufficiently
evidenced by a Company Request or Company Order, and any resolution of the Board of Directors
shall be sufficiently evidenced by a Board Resolution;

     (4) the Trustee may consult with counsel of its selection and the advice of such counsel or
any Opinion of 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;

     (5) the Trustee shall be under no obligation to exercise any of the rights or powers vested
in it by this Indenture at the request or direction of any of the Holders pursuant to this
Indenture, unless such Holders shall have offered to the Trustee security or indemnity
reasonably satisfactory to the Trustee against the costs, expenses and liabilities which might
be incurred by it in compliance with such request or direction;

     (6) the 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, bond, debenture, note, other evidence of Indebtedness or other paper
or document, but the Trustee, in its discretion, may make such further inquiry or investigation
into such facts or matters as it may see fit, and, if the Trustee shall determine to make such
further inquiry or investigation, it shall be entitled to examine the books, records and
premises of the Company, personally or by agent or attorney;

     (7) the Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be
responsible for any misconduct or negligence on the part of any agent or attorney appointed with
due care by it hereunder;

     (8) the Trustee shall not be liable for any action taken, suffered, or omitted to be taken
by it in good faith and reasonably believed by it to be authorized or within the discretion or
rights or powers conferred upon it by this Indenture;

     (9) the Trustee shall not be deemed to have notice or be charged with knowledge of any
default (within the meaning of Section 602) or Event of Default with respect to the Securities
of any series for which it is acting as Trustee unless written notice of such default or Event
of Default, as the case may be, is received by the Trustee at the Corporate Trust Office of the
Trustee from the Company, any other obligor upon such Securities or by any Holder of such
Securities, and such notice references the Securities and this Indenture;

     (10) the rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to, and shall be
enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and
other Person employed to act hereunder;

     (11) the Trustee may request that the Company deliver an Officer’s Certificate setting
forth the names of individuals and/or titles of officers authorized at such time to take
specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any
persons authorized to sign an Officer’s Certificate, including any person specified as so
authorized in any such certificate previously delivered and not superseded;

     (12) the permissive right of the Trustee hereunder to take or omit to take any action shall
not be construed as a duty; and

     (13) anything in this Indenture notwithstanding, in no event shall the Trustee be liable
for special, indirect, punitive or consequential loss or damage of any kind whatsoever
(including but not limited to loss of profit), even if the Company has been advised as to the
likelihood of such loss or damage and regardless of the form of action.

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SECTION 604. Not Responsible for Recitals or Issuance of Securities.

     The recitals contained herein and in the Securities, except the Trustee’s certificates of
authentication, shall be taken as the statements of the Company, and neither the Trustee nor any
Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no
representations as to the validity or sufficiency of this Indenture or of the Securities. Neither
the Trustee nor any Authenticating Agent shall be accountable for the use or application by the
Company of Securities or the proceeds thereof.

SECTION 605. May Hold Securities.

     The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other
agent of the Company, in its individual or any other capacity, may become the owner or pledgee of
Securities and, subject to Sections 608 and 613, may otherwise deal with the Company with the same
rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar
or such other agent.

SECTION 606. Money Held in Trust.

     Money held by the Trustee in trust hereunder need not be segregated from other funds except to
the extent required by law. The Trustee shall be under no liability for interest on, or for the
investment of, any money received by it hereunder except as otherwise agreed in writing with the
Company.

SECTION 607. Compensation and Reimbursement.

     The Company agrees

     (1) to pay to the Trustee from time to time such compensation as shall be agreed in writing
between the Company and the Trustee for all services rendered by it hereunder (which
compensation shall not be limited by any provision of law in regard to the compensation of a
trustee of an express trust);

     (2) to reimburse the Trustee upon its
request for all reasonable expenses, disbursements and advances incurred or made by the Trustee
in accordance with any provision of this Indenture (including the reasonable compensation and
the expenses and disbursements of its agents and counsel), except any such expense, disbursement
or advance as may be attributable to its negligence or willful misconduct; and

     (3) to the fullest extent permitted by law, to indemnify each of the Trustee, or any
predecessor Trustee, and their respective officers, employees, directors, shareholders and
agents, for, and to hold them harmless against, any and all loss, damage, claim, liability or
expense, including taxes (other than taxes based upon, measured by or determined by the income
of the Trustee or any predecessor Trustee), incurred without negligence or willful
misconduct on its part, arising out of or in connection with the acceptance or administration of
the trusts and its duties under this Indenture, including the enforcement of this provision,
including the reasonable costs and expenses of defending (including the reasonable compensation
and the expense and disbursements of its agents and counsel) themselves against any claim or
liability in connection with the exercise or performance of any of its powers or duties
hereunder.

     As security for the performance of the obligations of the Company under this Section, the
Trustee shall have a lien prior to the Securities upon all property and funds held or collected by
the Trustee as such, other than funds held in trust under Section 402.

     In addition and without prejudice to the rights provided to the Trustee under any of the
provisions of this Indenture, when the Trustee incurs expenses or renders services in connection
with an Event of Default specified in Section 501(5) or Section 501(6), the expenses (including the
reasonable charges and expenses of its counsel) and the compensation for the services are intended
to constitute expenses of administration under any applicable Federal and State bankruptcy,
insolvency or other similar law.

     The Company’s obligations under this Section 607 and the lien referred to in this Section 607
shall survive the resignation or removal of the Trustee, the discharge of the Company’s obligations
under Articles Four and Thirteen of this Indenture and/or the termination of this Indenture.

     “Trustee” for purposes of this Section 607 shall include any predecessor Trustee; provided,
however, that the negligence, bad faith or willful misconduct of any Trustee hereunder shall not
affect the rights of any other Trustee hereunder.

SECTION 608. Conflicting Interests.

     If the Trustee has or shall acquire a conflicting interest within the meaning of Section
310(b) of the Trust Indenture Act, the Trustee shall eliminate such interest, apply to the
Commission for permission to continue as trustee (if any of the

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Securities are registered pursuant to the Securities Act) or resign, to the extent and in the
manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture.
To the extent permitted by such Act, the Trustee shall not be deemed to have a conflicting interest
by virtue of being a trustee under this Indenture, in its capacity as trustee in respect of the
Securities of any series, in its capacity as trustee in respect of the Securities of any other
series or any other indenture or indentures under which other securities, or certificates of
interest or participation in other securities, of the Company are outstanding. Nothing herein shall
prevent the Trustee from filing with the Commission the application referred to in the second to
last paragraph of Section 310(b) of the Trust Indenture Act.

SECTION 609. Corporate Trustee Required; Eligibility.

     There shall at all times be one (and only one) Trustee hereunder with respect to the
Securities of each series, which may be Trustee hereunder for Securities of one or more other
series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act
as such and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust
Office in the United States of America. 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 and to the extent permitted by the Trust Indenture Act, 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 Trustee with
respect to the Securities of any series shall cease to be eligible in accordance with the
provisions of this Section, it shall resign immediately in the manner and with the effect
hereinafter specified in this Article.

SECTION 610. Resignation and Removal; Appointment of Successor.

     No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to
this Article shall become effective until the acceptance of appointment by the successor Trustee in
accordance with the applicable requirements of Section 611.

     The Trustee may resign at any time with respect to the Securities of one or more series by
giving written notice thereof to the Company. If the instrument of acceptance by a successor
Trustee required by Section 611 shall not have been delivered to the Trustee within 30 days after
the giving of such notice of resignation, the resigning Trustee may, at the expense of the Company,
petition any court of competent jurisdiction for the appointment of a successor Trustee with
respect to the Securities of such series.

     The Trustee may be removed at any time with respect to the Securities of any series by Act of
the Holders of a majority in principal amount of the Outstanding Securities of such series,
delivered to the Trustee and to the Company. If the instrument of acceptance by a successor Trustee
required by Section 611 shall not have been delivered to the Trustee within 30 days after the
Trustee’s receipt of such notice of removal, the departing Trustee may, at the expense of the
Company, petition any court of competent jurisdiction for the appointment of a successor Trustee
with respect to the Securities of such series.

     If at any time:

     (1) the Trustee shall fail to comply with Section 608 after written request therefor by the
Company or by any Holder who has been a bona fide Holder of a Security for at least six months,
or

     (2) the Trustee shall cease to be eligible under Section 609 and shall fail to resign after
written request therefor by the Company or by any such Holder, or

     (3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or
insolvent or a receiver of the Trustee or of its property shall be appointed or any public
officer shall take charge or control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation, then, in any such case, (A) the Company
by a Board Resolution may remove the Trustee with respect to all Securities, or (B) subject to
Section 514, any Holder who has been a bona fide Holder of a Security for at least six months
may, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the removal of the Trustee with respect to all Securities and the appointment
of a successor Trustee or Trustees.

     If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall
occur in the office of Trustee for any cause, with respect to the Securities of one or more series,
the Company shall promptly appoint a successor Trustee or Trustees with
respect to the Securities of that or those series (it being understood that any such successor
Trustee may be appointed with respect to the Securities of one or more or all of such series and
that at any time there shall be only one Trustee with respect to the Securities of any particular
series) and shall comply with the applicable requirements of Section 611. If, within one year after
such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee
with respect to the Securities of any series shall be appointed by Act of the Holders of a majority
in principal amount of the Outstanding Securities of such series delivered to the Company and the
retiring Trustee,

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the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in
accordance with the applicable requirements of Section 611, become the successor Trustee with
respect to the Securities of such series and to that extent supersede the successor Trustee
appointed by the Company. If no successor Trustee with respect to the Securities of any series
shall have been so appointed by the Company or the Holders and accepted appointment in the manner
required by Section 611, any Holder who has been a bona fide Holder of a Security of such series
for at least six months may, on behalf of himself and all others similarly situated, petition any
court of competent jurisdiction for the appointment of a successor Trustee with respect to the
Securities of such series.

     The Company shall give notice of each resignation and each removal of the Trustee with respect
to the Securities of any series and each appointment of a successor Trustee with respect to the
Securities of any series to all Holders of Securities of such series in the manner provided in
Section 106. Each notice shall include the name of the successor Trustee with respect to the
Securities of such series and the address of its Corporate Trust Office.

SECTION 611. Acceptance of Appointment by Successor.

     In case of the appointment hereunder of a successor Trustee with respect to all Securities,
every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and
to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or
removal of the retiring Trustee shall become effective and 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 the request of the Company or the successor Trustee, such retiring
Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such
successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign,
transfer and deliver to such successor Trustee all property and money held by such retiring Trustee
hereunder; subject, nevertheless, to its lien provided for in Section 607.

     In case of the appointment hereunder of a successor Trustee with respect to the Securities of
one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with
respect to the Securities of one or more series shall execute and deliver an indenture supplemental
hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain
such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each
successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to
the Securities of that or those series to which the appointment of such successor Trustee relates,
(2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such
provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts
and duties of the retiring Trustee with respect to the Securities of that or those series as to
which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and
(3) shall add to or change any of the provisions of this Indenture as shall be necessary, to
provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it
being understood that nothing herein or in such supplemental indenture shall constitute such
Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or
trusts hereunder separate and apart from any trust or trusts hereunder administered by any other
such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or
removal of the retiring Trustee shall become effective to the extent provided therein 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 with respect to the Securities of that or
those series to which the appointment of such successor Trustee relates; but, on request of the
Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to
such successor Trustee all property and money held by such retiring Trustee hereunder with respect
to the Securities of that or those series to which the appointment of such successor Trustee
relates; subject, nevertheless, to its lien provided for in Section 607.

     Upon request of any such successor Trustee, the Company shall execute any and all instruments
to more fully and certainly vest in and confirm to such successor Trustee all such rights, powers
and trusts referred to in the first or second preceding paragraph, as the case may be.

     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.

SECTION 612. Merger, Conversion, Consolidation or Succession to Business.

     Any Person into which the 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 the
Trustee shall be a party, or any Person succeeding to all or substantially all the corporate trust
business of the Trustee, shall be the successor of the Trustee hereunder, provided such Person
shall be otherwise qualified and eligible under this Article, without the execution or filing of
any paper or any further act on the part of any of the parties hereto. In case any Securities shall
have been authenticated, but not delivered, by the Trustee then in office, any successor by merger,
conversion or consolidation to such authenticating Trustee may adopt such authentication and
deliver the Securities so authenticated with the same effect as if such successor Trustee had
itself authenticated such Securities.

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SECTION 613. Preferential Collection of Claims Against Company.

     If and when the Trustee shall be or become a creditor of the Company (or any other obligor
upon the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act
regarding the collection of claims against the Company (or any such other obligor).

SECTION 614. Appointment of Authenticating Agent.

     The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series
of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities
of such series issued upon original issue and upon exchange, registration of transfer or partial
redemption thereof or pursuant to Section 306, and Securities so authenticated shall be entitled to
the benefits of this Indenture and shall be valid and obligatory for all purposes as if
authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the
authentication and delivery of Securities by the Trustee or the Trustee’s certificate of
authentication, such reference shall be deemed to include authentication and delivery on behalf of
the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of
the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the
Company and shall at all times be a corporation organized and doing business under the laws of the
United States of America, any State thereof or the District of Columbia, authorized under such laws
to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000
and subject to supervision or examination by Federal or State authority. If such Authenticating
Agent publishes reports of condition at least annually, pursuant to law or to the requirements of
said supervising or examining authority, then for the purposes of this Section, the combined
capital and surplus of such Authenticating Agent 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 an
Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section,
such Authenticating Agent shall resign immediately in the manner and with the effect specified in
this Section.

     Any corporation into which an Authenticating Agent may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or consolidation to
which such Authenticating Agent shall be a party, or any corporation succeeding to all or
substantially all of the corporate agency or corporate trust business of an Authenticating Agent,
shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible
under this Section, without the execution or filing of any paper or any further act on the part of
the Trustee or the Authenticating Agent.

     An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee
and to the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by
giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such
a notice of resignation or upon such a termination, or in case at any time such Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may
appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give
notice of such appointment in the manner provided in Section 106 to all Holders of Securities of
the series with respect to which such Authenticating Agent will serve. Any successor Authenticating
Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers
and duties of its predecessor hereunder, with like effect as if originally named as an
Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under
the provisions of this Section.

     The Trustee agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services under this Section, and the Trustee shall be entitled to be
reimbursed for such payments, subject to the provisions of Section 607.

     If an appointment with respect to one or more series is made pursuant to this Section, the
Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate of
authentication, an alternative certificate of authentication in the following form:

     This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	[
	 	 	 	]
	 

	 	 	 	 	 	 	 	 	 	 
	Dated:

	 	 	 	 	 	 	 	as Trustee	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	As Authenticating Agent	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Authorized Officer	 	 

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ARTICLE SEVEN

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

SECTION 701. Preservation of Information; Communications to Holders.

     The Trustee shall preserve, in as current a form as is reasonably practicable, the names and
addresses of Holders received by the Trustee in its capacity as Security Registrar.

     The rights of Holders to communicate with other Holders with respect to their rights under
this Indenture or under the Securities, and the corresponding rights and privileges of the Trustee,
shall be as provided by the Trust Indenture Act.

     Every Holder of Securities, by receiving and holding the same, agrees with the Company and the
Trustee that neither the Company nor the Trustee nor any agent of either of them shall be held
accountable by reason of any disclosure of information as to names and addresses of Holders made
pursuant to the Trust Indenture Act.

SECTION 702. Reports by Trustee.

     So long as any Securities remain outstanding, the Trustee shall transmit to Holders such
reports concerning the Trustee and its actions under this Indenture as may be required pursuant to
the Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by
Section 313(a) of the Trust Indenture Act, the Trustee shall, within sixty days after each
September 1 following the date of this Indenture deliver to Holders a brief report, dated as of
such September 1, which complies with the provisions of such Section 313(a) (but if no event
described in Section 313(a) has occurred within the 12 months preceding the reporting date, no such
report need be transmitted). The Trustee also shall comply with Section 313(b)(2) of the Trust
Indenture Act and shall also transmit by mail all reports as required by Section 313(c) of the
Trust Indenture Act.

     A copy of each such report shall, at the time of such transmission to Holders, be filed by the
Trustee with each stock exchange upon which any Securities are listed, with the Commission and with
the Company. The Company will notify the Trustee when any Securities are listed on any stock
exchange or delisted therefrom.

SECTION 703. Reports by Company.

     The Company shall file with the Trustee, and transmit to Holders, such information, documents
and other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture
Act at the times and in the manner provided pursuant to such Act; provided, however, that any such
information, documents or reports required to be filed with the Commission pursuant to Section 13
or 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the same is
actually filed with the Commission. Delivery of such reports, information and documents to the
Trustee is for informational purposes only and the Trustee’s receipt of same shall not constitute
constructive notice of any information contained therein or determinable from information contained
therein, including the Company’s compliance with any of its covenants hereunder (as to which the
Trustee is entitled to rely exclusively on an Officer’s Certificate).

ARTICLE EIGHT

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

SECTION 801. Company May Consolidate, Etc., Only on Certain Terms.

     The Company shall not consolidate with or merge into any other Person or convey, transfer or
lease its properties and assets substantially as an entirety to any Person, and the Company shall
not permit any Person to consolidate with or merge into the Company or convey, transfer or lease
its properties and assets substantially as an entirety to the Company, unless:

     (1) in case the Company shall consolidate with or merge into another Person or convey,
transfer or lease substantially all of its properties and assets as an entirety to any Person,
the Person formed by such consolidation or into which the Company is merged or the Person which
acquires by conveyance or transfer, or which leases substantially all of the properties and
assets of the Company as an entirety shall be a corporation, partnership, limited liability
company or trust, shall be organized and validly existing under the laws of the United States of
America, any State thereof or the District of Columbia and shall expressly assume, by an
indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to
the Trustee, the due and punctual payment of the principal of and any premium and interest on
all the Securities and the performance or observance of every covenant of this Indenture on the
part of the Company to be performed or observed;

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     (2) immediately after giving effect to such transaction and treating any Indebtedness which
becomes an obligation of the Company or any Subsidiary as a result of such transaction as having
been incurred by the Company or such Subsidiary at the time of such transaction, no Event of
Default, and no event which, after notice or lapse of time or both, would become an Event of
Default, shall have happened and be continuing; and

     (3) the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and, if a
supplemental indenture is required in connection with such transaction, such supplemental
indenture comply with this Article and that all conditions precedent herein provided for
relating to such transaction and the execution and delivery of such
supplemental indenture have been complied with.

SECTION 802. Successor Substituted.

     Upon any consolidation of the Company with, or merger of the Company into, any other Person or
any conveyance, transfer or lease of the properties and assets of the Company substantially as an
entirety in accordance with Section 801, the successor Person formed by such consolidation or into
which the Company is merged or to which such conveyance, transfer or lease is made shall succeed
to, and be substituted for, and may exercise every right and power of, the Company under this
Indenture with the same effect as if such successor Person had been named as the Company herein,
and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all
obligations and covenants under this Indenture and the Securities.

ARTICLE NINE

SUPPLEMENTAL INDENTURES

SECTION 901. Supplemental Indentures Without Consent of Holders.

     Without the consent of any Holders, the Company, when authorized by a Board Resolution, and
the Trustee, at any time and from time to time, may enter into one or more indentures supplemental
hereto, in form satisfactory to the Trustee, for any of the following purposes:

     (1) to evidence the succession of another Person to the Company and the assumption by any
such successor of the covenants of the Company herein and in the Securities contained, all as
provided in Article Eight; or

     (2) to add to the covenants of the Company for the benefit of the Holders of all or any
series of Securities (and if such covenants are to be for the benefit of less than all series of
Securities, stating that such covenants are expressly being included solely for the benefit of
such series) or to surrender any right or power herein conferred upon the Company; or

     (3) to add any additional Events of Default for the benefit of the Holders of all or any
series of Securities (and if such additional Events of Default are to be for the benefit of less
than all series of Securities, stating that such additional Events of Default are expressly
being included solely for the benefit of such series); or

     (4) to add to or change any of the provisions of this Indenture to such extent as shall be
necessary to permit or facilitate the issuance of Securities in uncertificated form; or

     (5) to add to, change or eliminate any of the provisions of this Indenture in respect of
one or more series of Securities, provided, however, that any such addition, change or
elimination (A) shall neither (i) apply to any Security of any series created prior to the
execution of such supplemental indenture and entitled to the benefit of such provision nor (ii)
modify the rights of the Holder of any such Security with respect to such provision or (B) shall
become effective only when there is no such Security Outstanding; or

     (6) to secure the Securities; or

     (7) to establish the form or terms of Securities of any series as permitted by Sections 201
and 301; or

     (8) to evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities of one or more series and to add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of
Section 611;

     (9) to cure any ambiguity, to correct or supplement any provision herein which 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 Indenture, provided that such action pursuant
to this Clause (9) shall not adversely affect the interests of the Holders of Securities of any
series; or

29

 

     (10) to comply with the requirements of the Commission either to effect or maintain the
qualifications of this Indenture under the Trust Indenture Act.

SECTION 902. Supplemental Indentures with Consent of Holders.

     With the consent of the Holders of not less than a majority in principal amount of the
Outstanding Securities of each series affected by such supplemental indenture, by Act of said
Holders delivered to the Company and the Trustee, the Company, when authorized by a Board
Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the
purpose of adding any provisions to or changing in any manner or eliminating any of the provisions
of this Indenture or of modifying in any manner the rights of the Holders of Securities of such
series under this Indenture; provided, however, that no such supplemental indenture shall, without
the consent of the Holder of each Outstanding Security,

     (1) change the Stated Maturity of the principal of, or any installment of principal of or
interest on, any Security, or reduce the principal amount thereof or the rate of interest
thereon or any premium payable upon the redemption thereof, or reduce the amount of the
principal of an Original Issue Discount Security or any other Security which would be due and
payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502, or
change any Place of Payment where, or the coin or currency in which, any Security or any premium
or interest thereon is payable, or impair the right to institute suit for the enforcement of any
such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after
the Redemption Date), or

     (2) reduce the percentage in principal amount of the Outstanding Securities of any series,
the consent of whose Holders is required for any such supplemental indenture, or the consent of
whose Holders is required for any waiver (of compliance with certain provisions of this
Indenture or certain defaults hereunder and their consequences) provided for in this Indenture,
or

     (3) modify any of the provisions of this Section, Section 513, or Section 1008, except to
increase any such percentage or to provide that certain other provisions of this Indenture
cannot be modified or waived without the consent of the Holder of each Outstanding Security
affected thereby; provided, however, that this clause shall not be deemed to require the consent
of any Holder with respect to changes in the references to “the Trustee” and concomitant changes
in this Section and Section 1008, or the deletion of this proviso, in accordance with the
requirements of Sections 611 and 901(8).

     A supplemental indenture which changes or eliminates any covenant or other provision of this
Indenture which has expressly been included solely for the benefit of one or more particular series
of Securities, or which modifies the rights of the Holders of Securities of such series with
respect to such covenant or other provision, shall be deemed not to affect the rights under this
Indenture of the Holders of Securities of any other series.

     It shall not be necessary for any Act of Holders under this Section to approve the particular
form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve
the substance thereof.

SECTION 903. Execution of Supplemental Indentures.

     In executing, or accepting the additional trusts created by, any supplemental indenture
permitted by this Article or the modifications thereby of the trusts created by this Indenture, the
Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in
relying upon, an Officer’s Certificate and an Opinion of Counsel stating that the execution of such
supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not
be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights,
duties or immunities under this Indenture or otherwise.

SECTION 904. Effect of Supplemental Indentures.

     Upon the execution of any supplemental indenture under this Article, this Indenture shall be
modified in accordance therewith, and such supplemental indenture shall form a part of this
Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated
and delivered hereunder shall be bound thereby.

SECTION 905. Conformity with Trust Indenture Act.

     Every supplemental indenture executed pursuant to this Article shall conform to the
requirements of the Trust Indenture Act.

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SECTION 906. Notice of Supplemental Indenture; Reference in Securities to Supplemental Indentures.

     After any supplemental indenture entered into pursuant to this Article becomes effective, the
Company shall send to Holders a notice briefly describing such supplemental indenture. The failure
to give such notice to all Holders, or any defect therein, shall not impair or affect the validity
of any such supplemental indenture under this Article.

     Securities of any series authenticated and delivered after the execution of any supplemental
indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in
form approved by the Trustee as to any matter provided for in such supplemental indenture. If the
Company shall so determine, new Securities of any series so modified as to conform, in the opinion
of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by
the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities
of such series.

ARTICLE TEN

COVENANTS

SECTION 1001. Payment of Principal, Premium and Interest.

     The Company covenants and agrees for the benefit of each series of Securities that it will
duly and punctually pay the principal of and any premium and interest on the Securities of that
series in accordance with the terms of the Securities and this
Indenture by depositing money in immediately available funds with the Trustee or other Paying Agent and
designated for and sufficient to pay all principal, premium, if any, and interest then due, at the
place and in the manner specified in this Indenture and in the Securities of such series on or
before 10:00 a.m., New York City time on the due date.

SECTION 1002. Maintenance of Office or Agency.

     The Company will maintain in each Place of Payment for any series of Securities an office or
agency (which may be an office of the Trustee or an affiliate of the Trustee, Security Registrar or
Co-Security Registrar) where Securities of that series may be presented or surrendered for payment,
where Securities of that series may be surrendered for registration of transfer or exchange and
where notices and demands to or upon the Company in respect of the Securities of that series and
this Indenture may be served. The Company will give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency. If at any time the Company
shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with
the address thereof, such presentations, surrenders, notices and demands may be made or served at
the Corporate Trust Office or Paying Agent Office of the Trustee. The Company hereby initially
designates the Paying Agent Office of the Trustee as such office or agency of the Company where
Securities may be surrendered for registration of transfer or exchange or for presentation for
payment. The Company hereby initially designates the Corporate Trust Office of the Trustee, as
such office where notices and demands to or upon the Company in respect of the Securities and this
Indenture may be served.

     The Company may also from time to time designate one or more other offices or agencies where
the Securities of one or more series may be presented or surrendered for any or all such purposes
and may from time to time rescind such designations; provided, however, that no such designation or
rescission shall in any manner relieve the Company of its obligation to maintain an office or
agency in each Place of Payment for Securities of any series for such purposes. The Company will
give prompt written notice to the Trustee of any such designation or rescission and of any change
in the location of any such other office or agency.

SECTION 1003. Money for Securities Payments to Be Held in Trust.

     If the Company shall at any time act as its own Paying Agent with respect to any series of
Securities, it will, on or before each due date of the principal of or any premium or interest on
any of the Securities of that series, segregate and hold in trust for the benefit of the Persons
entitled thereto a sum sufficient to pay the principal and any premium and interest so becoming due
until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will
promptly notify the Trustee of its action or failure so to act.

     Whenever the Company shall have one or more Paying Agents for any series of Securities, it
will, prior to each due date of the principal of or any premium or interest on any Securities of
that series, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held
as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Company
will promptly notify the Trustee of its action or failure so to act.

     The Company will cause each Paying Agent for any series of Securities other than the Trustee
to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the
Trustee, subject to the provisions of this Section, that such Paying Agent will (1) comply with the
provisions of the Trust Indenture Act applicable to it as a Paying Agent and (2) during the
continuance of any default by the Company (or any other obligor upon the Securities of that series)
in the making of any payment in respect of the Securities of that series, upon the written request
of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for
payment in respect of the Securities of that series.

31

 

     The Company may at any time, for the purpose of obtaining the satisfaction and discharge of
this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay,
to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by
the Trustee upon the same trusts as those upon which such sums were held by the Company or such
Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be
released from all further liability with respect to such money.

     Subject to applicable escheat and abandoned property laws, any money deposited with the
Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal
of or any premium or interest on any Security of any series and remaining unclaimed for two years
after such principal, premium or interest has become due and payable shall be paid to the Company
on Company Request, or (if then held by the Company) shall be discharged from such trust; and the
Holder of such Security shall thereafter, as an unsecured general creditor, look only to the
Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to
such trust money, and all liability of the Company as trustee thereof, shall thereupon cease;
provided, however, that the Trustee or such Paying Agent, before being required to make any such
repayment, may at the expense of the Company cause to be published once, in a newspaper published
in the English language, customarily published on each Business Day and of general circulation in
New York, New York, notice that such money remains unclaimed and that, after a date specified
therein, which shall not be less than 30 days from the date of such publication, any unclaimed
balance of such money then remaining will be repaid to the Company.

SECTION 1004. Statement by Officer as to Default.

     The Company will deliver to the Trustee, within 120 days after the end of each fiscal year of
the Company ending after the date hereof, an Officer’s
Certificate (that need not comply with Section 102), one signer
of which must be the Company’s principal executive officer,
principal financial officer or principal accounting officer, stating whether or not to the
best knowledge of the signer thereof the Company is in default in the performance and observance
of any of the terms, provisions and conditions of this Indenture (without regard to any period of
grace or requirement of notice provided hereunder) and, if the Company shall be in default,
specifying all such defaults and the nature and status thereof of which they may have knowledge.
The Company shall, so long as any of the Securities are Outstanding, deliver to the Trustee,
forthwith and in any event within five business days upon any executive officer of the Company
becoming aware of any default or Event of Default in respect of the performance or observance of
any covenant, agreement or condition contained in this Indenture or the Securities, but in any
event not later than 20 Business Days after the occurrence thereof, an Officer’s Certificate
specifying the nature and status such default or Event of Default and what action the Company is taking or proposes to
take with respect thereto.

SECTION 1005. Existence.

     Subject to Article Eight, the Company will do or cause to be done all things necessary to
preserve and keep in full force and effect its existence, rights (charter and statutory) and
franchises; provided, however, that the Company shall not be required to preserve any such right or
franchise if the Company shall determine that the preservation thereof is no longer desirable in
the conduct of the business of the Company and that the loss thereof is not disadvantageous in any
material respect to the Holders.

SECTION 1006. Maintenance of Properties.

     The Company will cause all material properties used or useful in the conduct of its business
or the business of any Subsidiary to be maintained and kept in good condition, repair and working
order (reasonable wear and tear excepted) and supplied with all necessary equipment and will cause
to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all
as in the judgment of the Company may be necessary so that the business carried on in connection
therewith may be properly and advantageously conducted at all times; provided, however, that
nothing in this Section shall prevent the Company from discontinuing the operation or maintenance
of any of such properties, or disposing of any of them, if such discontinuance or disposal is, in
the judgment of the Company, desirable in the conduct of its business or the business of any
Subsidiary and not disadvantageous in any material respect to the Holders.

SECTION 1007. Payment of Taxes and Other Claims.

     The Company will pay or discharge or cause to be paid or discharged, before the same shall
become delinquent, (1) all taxes, assessments and governmental charges levied or imposed upon the
Company or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary,
and (2) all lawful claims for labor, materials and supplies which, if unpaid, might by law become a
lien upon the property of the Company or any Subsidiary; provided, however, that the Company shall
not be required to pay or discharge or cause to be paid or discharged any such tax, assessment,
charge or claim whose amount, applicability or validity is being contested in good faith by
appropriate proceedings.

32

 

SECTION
1008. Limitations on Liens.

     (a) The Company will not, and will not permit any Restricted Subsidiary to, issue, assume
or guarantee any Indebtedness secured by any mortgage, security interest, pledge, lien or other
encumbrance (such mortgages, security interests, pledges, liens and other encumbrances being
hereinafter called a “Mortgage” or “Mortgages”) upon any Principal Property of the Company or
any Restricted Subsidiary, whether such Principal Property is now owned or hereafter acquired,
without in any such case effectively providing concurrently with the issuance, assumption or
guarantee of any such Indebtedness that the Securities (together with, if the Company shall so
determine, any other Indebtedness ranking equally with such Securities other than Securities not
having the benefit of this provision) shall be secured equally and ratably with such
Indebtedness; provided, however, that the foregoing restrictions shall not
prevent, restrict or apply to:

     (i) (A) The giving, simultaneous with or within 180 days after the later of (1) the
acquisition or completion of construction or completion of substantial reconstruction,
renovation, remodeling, expansion or improvement (each a “substantial improvement”) of such
property, or (2) the placing in operation of such property after the acquisition or
completion of any such construction or substantial improvement, of any purchase money
Mortgage on such property (including security for inventory financing in the ordinary course
of business and vendors’ rights under purchase contracts under an agreement whereby title is
retained for the purpose of securing the purchase price thereof) whether occurring prior to
or after the date of this Indenture, or (B) the acquiring hereafter of property not
theretofore owned by the Company or such Restricted Subsidiary subject to any then existing
Mortgage securing Indebtedness (whether or not assumed), including, in each case,
Indebtedness incurred for reimbursement of funds previously expended for any such purpose;
provided, however, that, in each case, (y) such Mortgage is limited to any
or all of (1) such acquired or constructed property or substantial improvement (including
accretions thereto), (2) the real property on which any construction or substantial
improvement occurs or (3) with respect to distribution centers, any equipment used directly
in the operation of, or the business conducted on, the real property on which any
construction or substantial improvement occurs, and (z) the total amount of the Indebtedness
secured by such Mortgage, together with all other Indebtedness to Persons other than the
Company or a Restricted Subsidiary secured by Mortgages on such property, shall not exceed
the lesser of (A) the total cost of such Mortgaged property, including any such construction
or substantial improvement, to the Company or a Restricted Subsidiary or (B) the fair market
value thereof immediately following the acquisition, construction or substantial improvement
thereof by the Company or a Restricted Subsidiary;

     (ii) The giving by the Company or a Restricted Subsidiary of a Mortgage on real
property or on equipment used directly in the operation of, or the business conducted on,
such Mortgaged real property which is the sole security for Indebtedness (1) incurred within
three years after the latest of (A) the date of issuance of the first Series of Securities
hereunder, (B) the date of acquisition of such real property or (C) the date of completion
of construction or substantial improvement made thereon, (2) incurred for the purpose of
reimbursing itself for the cost of acquisition and/or cost of improvement of such real
property and equipment, (3) the amount of which does not exceed the lesser of the aggregate
cost of such real property, improvements and equipment or the fair market value thereof, and
(4) the holder of which shall be entitled to enforce payment of such Indebtedness solely by
resorting to the security therefor, without any liability on the part of the Company or such
Restricted Subsidiary for any deficiency;

     (iii) Any Mortgage (1) existing on the date of this Indenture, (2) on the assets of a
Restricted Subsidiary existing on the date it became a Subsidiary or (3) on the assets of a
Subsidiary that is newly designated as a Restricted Subsidiary, if such Mortgage would have
been permitted under this Section 1008(a) if such Mortgage was created while such Subsidiary
was a Restricted Subsidiary;

     (iv) Any Mortgage given in favor of the Company or any Restricted Subsidiary;

     (v) Any Mortgage given as security for the Indebtedness issued hereunder; or

     (vi) Any Mortgage incurred in connection with any refinancing, extension, renewal or
replacement of Indebtedness secured by a Mortgage permitted under clauses (i) to (v) above;
provided, that the principal amount of the extended, renewed, refinanced or replaced
Indebtedness does not exceed the principal amount of the Indebtedness so refinanced,
extended, renewed or replaced, plus transaction costs and fees, and that such Mortgage
applies only to the same property or assets subject to the prior permitted Mortgage (and, in
the case of real property improvements).

     (b) Notwithstanding the provisions of subsection (a) of this Section 1008, the Company or
any Restricted Subsidiary may, in addition to Mortgages permitted by subsection (a) of this
Section 1008, create or assume and renew, extend or replace Mortgages which would otherwise be
subject to such subsection (a), provided that at the time of such

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creation, assumption, renewal, extension or replacement, and after giving effect thereto,
Exempted Debt does not exceed 15% of Consolidated Net Tangible Assets.

SECTION
1009. Limitations on Sale and Leaseback Transactions.

     (a) Without equally and ratably securing the Securities (together with, if the Company so
determines, any other Indebtedness ranking equally with the Securities other than Securities not
having the benefit of this provision), the Company will not, nor will it permit any Restricted
Subsidiary to, enter into any arrangement with any Person providing for the leasing by the
Company or any Restricted Subsidiary of any Principal Property now owned or hereafter acquired
that has been or is to be sold or transferred by the Company or such Restricted Subsidiary to
such Person with the intention of taking back a lease of such property (a “Sale and Leaseback
Transaction”) unless the terms of such sale or transfer have been determined by the Board of
Directors to be fair and arm’s-length and

     (i) within 180 days after the receipt of the proceeds of such sale or transfer, the
Company or such Restricted Subsidiary applies an amount equal to the greater of the net
proceeds of such sale or transfer or the fair value of such Principal Property at the time
of such sale or transfer to the prepayment or retirement (other than any mandatory
prepayment or retirement) of Senior Funded Debt of the Company or any Restricted Subsidiary,
or

     (ii) the Company or such Restricted Subsidiary would be entitled, at the effective date
of such sale or transfer, to incur Indebtedness secured by a Mortgage on such Principal
Property, in an amount at least equal to the Attributable Debt in respect thereof, without
equally and ratably securing the Securities pursuant to the provisions of Section 1008,
above.

     The foregoing restriction shall not apply to (w) any Sale and Leaseback Transaction for a
term of not more than three years including renewals, (x) any Sale and Leaseback Transaction
with respect to Principal Property if a binding commitment is entered into with respect to said
Sale and Leaseback Transaction within three years after the latest of (1) the date of issuance
of the first Series of Securities hereunder or (2) the date when such Principal Property was
acquired, (y) any Sale and Leaseback Transaction with respect to Principal Property if a binding
commitment with respect thereto is entered into within 180 days after the later of the date such
property was acquired and, if applicable, the date such property was first placed in operation,
or (z) any Sale and Leaseback Transaction between the Company and any Restricted Subsidiary or
between Restricted Subsidiaries provided that the lessor shall be the Company or a Wholly Owned
Restricted Subsidiary.

     (b) Notwithstanding the provisions of subsection (a) of this Section 1009, the Company or
any Restricted Subsidiary may, in addition to Sale and Leaseback Transactions permitted by
subsection (a) of this Section 1009, enter into Sale and Leaseback Transactions without any
obligation to retire any Senior Funded Debt of the Company or a Restricted Subsidiary; provided
that, at the time of entering into such Sale and Leaseback Transactions, and after giving effect
thereto, Exempted Debt does not exceed 15% of Consolidated Net Tangible Assets.

SECTION 1010. Limitations Upon Permitting Restricted Subsidiaries to Become Unrestricted
Subsidiaries and Unrestricted Subsidiaries to Become Restricted Subsidiaries.

     (a) The Company will not permit any Restricted Subsidiary to be designated as or otherwise
to become an Unrestricted Subsidiary unless immediately after such Restricted Subsidiary becomes
an Unrestricted Subsidiary, such Unrestricted Subsidiary will not own, directly or indirectly,
any capital stock of any other Restricted Subsidiary or any Mortgage on property of any other
Restricted Subsidiary.

     (b) The Company will not permit any Unrestricted Subsidiary that has previously been a
Restricted Subsidiary to be designated as a Restricted Subsidiary unless such Unrestricted
Subsidiary shall not, at any time after it ceased to be a Restricted Subsidiary, have
participated in any Sale and Leaseback Transaction involving any Principal Property owned by
such Subsidiary, the Company or any Restricted Subsidiary (other than in a transaction permitted
under Section 1009 for such Subsidiary if it had been a Restricted Subsidiary at the time),
unless the Principal Property involved in such transaction shall no longer be leased by the
Company or any Restricted Subsidiary or such Subsidiary or shall be owned by the Company or a
Wholly Owned Restricted Subsidiary;

     (c) Promptly after the adoption of any Board Resolution designating a Restricted Subsidiary
as an Unrestricted Subsidiary or an Unrestricted Subsidiary as a Restricted Subsidiary, or the
making of an election by a duly authorized Officer of the Company to effect any such designation,
a copy of such Board Resolution or a written statement as to such designation signed by such
Officer shall be filed with the Trustee, together with an Officer’s Certificate stating that
the provisions of this Section 1010 have been complied with in connection with such designation,
and, in case of the designation of a Restricted Subsidiary as an Unrestricted Subsidiary,
setting forth the name of each other Subsidiary (if any) that has become an Unrestricted
Subsidiary as a result of such designation.

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SECTION 1011. Waiver of Certain Covenants.

     Except as otherwise specified as contemplated by Section 301 for Securities of such series,
the Company may, with respect to the Securities of any series, omit in any particular instance to
comply with any term, provision or condition set forth in any covenant provided pursuant to Section
301(18), 901(2) or 901(7) for the benefit of the Holders of such series, if before the time for
such compliance the Holders of at least a majority in principal amount of the Outstanding
Securities of such series shall, by Act of such Holders, either waive such compliance in such
instance or generally waive compliance with such term, provision or condition, but no such waiver
shall extend to or affect such term, provision or condition except to the extent so expressly
waived, and, until such waiver shall become effective, the obligations of the Company and the
duties of the Trustee in respect of any such term, provision or condition shall remain in full
force and effect.

SECTION
1012. Calculation of Original Issue Discount and Other
Amounts.

     The Company shall provide to the Trustee on a timely basis such information as the Trustee
requires to enable the Trustee to prepare and file any form required to be submitted by the Company
with the Internal Revenue Service and the Holders of the Notes relating to original issue discount,
including, without limitation, Form 1099-OID or any successor form. The Company will be responsible for making calculations called for under the Securities. These
calculations include, but are not limited to, determination of Redemption Price, make-whole
amounts, if any, and other amounts payable on the Securities, if any. The Company will make the
calculations in good faith and, absent manifest error, its calculations will be final and binding
on the Holders of the Securities. The Company will provide a schedule of its calculations to the
Trustee when applicable, and the Trustee is entitled to rely conclusively on the accuracy of the
Company’s calculations without independent verification.

ARTICLE ELEVEN

REDEMPTION OF SECURITIES

SECTION 1101. Applicability of Article.

     Securities of any series which are redeemable before their Stated Maturity shall be redeemable
in accordance with their terms and (except as otherwise specified as contemplated by Section 301
for such Securities) in accordance with this Article.

SECTION 1102. Election to Redeem; Notice to Trustee.

     The election of the Company to redeem any Securities shall be evidenced by a Board Resolution
or in another manner specified as contemplated by Section 301 for such Securities. In case of any
redemption at the election of the Company of less than all the Securities of any series (including
any such redemption affecting only a single Security), the Company shall, not less than 45 days
prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to
the Trustee), notify the Trustee of such Redemption Date and the Redemption Price, of the principal amount of Securities of such series to be redeemed and, if
applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of
Securities prior to the expiration of any restriction on such redemption provided in the terms of
such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an
Officer’s Certificate evidencing compliance with such
restriction. If the Redemption Price is not known at the time such notice is to be given, the actual Redemption
Price, calculated as described in the terms of the Securities to be redeemed, will be set forth in
an Officer’s Certificate of the Company delivered to the Trustee no later than two Business Days
prior to the Redemption Date.

SECTION 1103. Selection by Trustee of Securities to Be Redeemed.

     If less than all the Securities of any series are to be redeemed (unless all the Securities of
such series and of a specified tenor are to be redeemed or unless such redemption affects only a
single or Global Security), the particular Securities to be redeemed shall be selected not more than 60 days
prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not
previously called for redemption, with the requirements of the principal national securities
exchange, if any, on which the Securities are listed or, if the Securities are not so listed, by
such method as the Trustee shall deem fair and appropriate and which may provide for the selection
for redemption of a portion of the principal amount of any Security of such series; provided,
however, that the unredeemed portion of the principal amount of any Security shall be in an
authorized denomination (which shall not be less than the minimum authorized denomination) for such
Security. If less than all the Securities of such series and of a specified tenor are to be
redeemed (unless such redemption affects only a single Security), the particular Securities to be
redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from
the Outstanding Securities of such series and specified tenor not previously called for redemption
in accordance with the preceding sentence.

     The Trustee shall promptly notify the Company in writing of the Securities selected for
redemption as aforesaid and, in case of any Securities selected for partial redemption as
aforesaid, the principal amount thereof to be redeemed.

     The provisions of the two preceding paragraphs shall not apply with respect to any redemption
affecting only a single Security, whether such Security is to be redeemed in whole or in part. In
the case of any such redemption in part, the unredeemed portion of the principal amount of the
Security shall be in an authorized denomination (which shall not be less than the minimum
authorized denomination) for such Security.

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     For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to
be redeemed only in part, to the portion of the principal amount of such Securities which has been
or is to be redeemed.

SECTION 1104. Notice of Redemption.

     Notice of redemption shall be given by electronic transmission or first-class mail, postage
prepaid, sent not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder
of Securities to be redeemed, at his address appearing in the Security Register.

     All notices of redemption shall state:

     (1) the Redemption Date,

     (2) the Redemption Price,

     (3) if less than all the Outstanding Securities of any series consisting of more than a
single Security are to be redeemed, the identification (and, in the case of partial redemption
of any such Securities, the principal amounts) of the particular Securities to be redeemed and,
if less than all the Outstanding Securities of any series consisting of a single Security are to
be redeemed, the principal amount of the particular Security to be redeemed,

     (4) that on the Redemption Date the Redemption Price, and accrued interest, if any, will
become due and payable upon each such Security to be redeemed and, if applicable, that interest
thereon will cease to accrue on and after said date,

     (5) the place or places where each such Security is to be surrendered for payment of the
Redemption Price,

     (6) that the redemption is for a sinking fund, if such is the case, and

     (7) the CUSIP and/or other similar number as contemplated by Section 311.

     Notice of redemption of Securities to be redeemed at the election of the Company shall be
given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of
the Company and shall be irrevocable.

SECTION 1105. Deposit of Redemption Price.

     On or prior to 10:00 a.m., New York City time, on any Redemption Date, the Company shall
deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying
Agent, segregate and hold in trust as provided in Section 1003) an amount of money sufficient to
pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date)
accrued interest on, all the Securities which are to be redeemed on that date.

SECTION 1106. Securities Payable on Redemption Date.

     Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall,
on the Redemption Date, become due and payable at the Redemption Price therein specified, and from
and after such date (unless the Company shall default in the payment of the Redemption Price and
accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security
for redemption in accordance with said notice, such Security shall be paid by the Company at the
Redemption Price, together with accrued interest to the Redemption Date; provided, however, that,
unless otherwise specified as contemplated by Section 301, installments of interest whose Stated
Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities,
or one or more Predecessor Securities, registered as such at the close of business on the relevant
Record Dates according to their terms and the provisions of Section 307.

     If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date
at the rate prescribed therefor in the Security.

SECTION 1107. Securities Redeemed in Part.

     Any Definitive Security which is to be redeemed only in part shall be surrendered at a Place
of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a
written instrument of transfer in form satisfactory to the Company and the Trustee duly executed
by, the Holder thereof or his attorney duly authorized in writing), and the Company shall execute,
and the Trustee shall authenticate and deliver to the Holder of such Security without service
charge, a new Security or Securities of the same series and of like tenor, of any authorized
denomination as requested by such Holder, in aggregate principal amount equal to and in exchange
for the unredeemed portion of the principal of the Security so surrendered.

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ARTICLE TWELVE

SINKING FUNDS

SECTION 1201. Applicability of Article.

     The provisions of this Article shall be applicable to any sinking fund for the retirement of
Securities of any series except as otherwise specified as contemplated by Section 301 for such
Securities.

     The minimum amount of any sinking fund payment provided for by the terms of any Securities is
herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum
amount provided for by the terms of such Securities is herein referred to as an “optional sinking
fund payment”. If provided for by the terms of any Securities, the cash amount of any sinking fund
payment may be subject to reduction as provided in Section 1202. Each sinking fund payment shall be
applied to the redemption of Securities as provided for by the terms of such Securities.

SECTION 1202. Satisfaction of Sinking Fund Payments with Securities.

     The Company (1) may deliver Outstanding Securities of a series (other than any previously
called for redemption) and (2) may apply as a credit Securities of a series which have been
redeemed either at the election of the Company pursuant to the terms of such Securities or through
the application of permitted optional sinking fund payments pursuant to the terms of such
Securities, in each case in satisfaction of all or any part of any sinking fund payment with
respect to any Securities of such series required to be made pursuant to the terms of such
Securities as and to the extent provided for by the terms of such Securities; provided, however,
that the Securities to be so credited have not been previously so credited. The Securities to be so
credited shall be received and credited for such purpose by the Trustee at the Redemption Price, as
specified in the Securities so to be redeemed, for redemption through operation of the sinking fund
and the amount of such sinking fund payment shall be reduced accordingly.

SECTION 1203. Redemption of Securities for Sinking Fund.

     Not less than 90 days prior to each sinking fund payment date for any Securities, the Company
will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing
sinking fund payment for such Securities pursuant to the terms of such Securities, the portion
thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which
is to be satisfied by delivering and crediting Securities pursuant to Section 1202 and will also
deliver to the Trustee any Securities to be so delivered. Not less than 45 days prior to each such
sinking fund payment date, the Trustee shall select the Securities to be redeemed upon such sinking
fund payment date, subject to and in the manner specified in Section 1103, and cause notice of the redemption
thereof to be given in the name of and at the expense of the Company in the manner provided in
Section 1104. Such notice having been duly given, the redemption of such Securities shall be made
upon the terms and in the manner stated in Sections 1106 and 1107.

ARTICLE THIRTEEN

DEFEASANCE AND COVENANT DEFEASANCE

SECTION 1301. Company’s Option to Effect Defeasance or Covenant Defeasance.

     The Company may elect, at its option at any time, to have Section 1302 or Section 1303 applied
to any Securities or any series of Securities, as the case may be, designated pursuant to Section
301 as being defeasible pursuant to such Section 1302 or 1303, in accordance with any applicable
requirements provided pursuant to Section 301 and upon compliance with the conditions set forth
below in this Article. Any such election shall be evidenced by a Board Resolution or in another
manner specified as contemplated by Section 301 for such Securities.

SECTION 1302. Defeasance and Discharge.

     Upon the Company’s exercise of its option (if any) to have this Section applied to any
Securities or any series of Securities, as the case may be, the Company shall be deemed to have
been discharged from its obligations with respect to such Securities as provided in this Section on
and after the date the conditions set forth in Section 1304 are satisfied (hereinafter called
“Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have
paid and discharged the entire Indebtedness represented by such Securities and to have satisfied
all its other obligations under such Securities and this Indenture insofar as such Securities are
concerned (and the Trustee, at the expense of the Company, shall execute proper instruments
acknowledging the same), subject to the following which shall survive until otherwise terminated or
discharged hereunder: (1) the rights of Holders of such Securities to receive, solely from the
trust fund described in Section 1304 and as more fully set forth in such Section, payments in
respect of the principal of and any premium and

37

 

interest on such Securities when payments are due, (2) the Company’s obligations with respect
to such Securities under Sections 304, 305, 306, 1002 and 1003 and with respect to the Trustee,
including but not limited to those under Section 607, (3) the rights, powers, trusts, duties and
immunities of the Trustee hereunder and (4) this Article. Subject to compliance with this Article,
the Company may exercise its option (if any) to have this Section applied to any Securities
notwithstanding the prior exercise of its option (if any) to have Section 1303 applied to such
Securities.

SECTION 1303. Covenant Defeasance.

     Upon the Company’s exercise of its option (if any) to have this Section applied to any
Securities or any series of Securities, as the case may be, (1) the Company shall be released from
its obligations under Sections 1008 through 1010, inclusive, and any covenants provided pursuant to
Sections 301(18), 901(2) or 901(7) for the benefit of the Holders of such Securities and (2) the
occurrence of any event specified in Sections 501(4) (with
respect to any of Sections 1008 through
1010, inclusive, and any such covenants provided pursuant to Section 301(18), 901(2) or 901(7)) and
501(7) shall be deemed not to be or result in an Event of Default, in each case with respect to
such Securities as provided in this Section on and after the date the conditions set forth in
Section 1304 are satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such
Covenant Defeasance means that, with respect to such Securities, the Company may omit to comply
with and shall have no liability in respect of any term, condition or limitation set forth in any
such specified Section (to the extent so specified in the case of Section 501(4)), whether directly
or indirectly by reason of any reference elsewhere herein to any such Section or by reason of any
reference in any such Section to any other provision herein or in any other document, but the
remainder of this Indenture and such Securities shall be unaffected thereby.

SECTION 1304. Conditions to Defeasance or Covenant Defeasance.

     The following shall be the conditions to the application of Section 1302 or Section 1303 to
any Securities or any series of Securities, as the case may be:

     (1) The Company shall irrevocably have deposited or caused to be deposited with the Trustee
(or another trustee which satisfies the requirements contemplated by Section 609 and agrees to
comply with the provisions of this Article applicable to it) as trust funds in trust for the
purpose of making the following payments, specifically pledged as security for, and dedicated
solely to, the benefits of the Holders of such Securities, (A) money in an amount, or (B) U.S.
Government Obligations which through the scheduled payment of principal and interest in respect
thereof in accordance with their terms will provide, not later than one day before the due date
of any payment, money in an amount, or (C) a combination thereof, in each case sufficient, in
the opinion of a nationally recognized firm of independent public accountants expressed in a
written certification thereof delivered to the Trustee, to pay and discharge, and which shall be
applied by the Trustee (or any such other qualifying trustee) to pay and discharge, the
principal of and any premium and interest on such Securities on the respective Stated Maturities
or on the applicable redemption date, as the case may be, in accordance with the terms of this
Indenture and such Securities. As used herein, “U.S. Government Obligation” means (i) any
security which is (x) a direct obligation of the United States of America for the payment of
which the full faith and credit of the United States of America is pledged or (y) an obligation
of a Person controlled or supervised by and acting as an agency or instrumentality of the United
States of America the full and timely payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States of America, which, in either case (x) or (y), is not callable or
redeemable at the option of the issuer thereof, and (ii) any depositary receipt issued by a bank
(as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any U.S.
Government Obligation which is specified in Clause (i) above and held by such bank for the
account of the holder of such depositary receipt, or with respect to any specific payment of
principal of or interest on any U.S. Government Obligation which is so specified and held;
provided, however, that (except as required by law) such custodian is not authorized to make any
deduction from the amount payable to the holder of such depositary receipt from any amount
received by the custodian in respect of the U.S. Government Obligation or the specific payment
of principal or interest evidenced by such depositary receipt.

     (2) In the event of an election to have Section 1302 apply to any Securities or any series
of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of
Counsel stating that (A) the Company has received from, or there has been published by, the
Internal Revenue Service a ruling or (B) since the date of this instrument, there has been a
change in the applicable Federal income tax law, in either case (A) or (B) to the effect that,
and based thereon such opinion shall confirm that, the Holders of such Securities will not
recognize gain or loss for Federal income tax purposes as a result of the deposit, Defeasance
and discharge to be effected with respect to such Securities and will be subject to Federal
income tax on the same amount, in the same manner and at the same times as would be the case if
such deposit, Defeasance and discharge were not to occur.

     (3) In the event of an election to have Section 1303 apply to any Securities or any series
of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of
Counsel to the effect that the Holders of such Securities will not recognize gain or loss for
Federal income tax purposes as a result of the deposit and Covenant

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Defeasance to be effected with respect to such Securities and will be subject to Federal
income tax on the same amount, in the same manner and at the same times as would be the case if
such deposit and Covenant Defeasance were not to occur.

     (4) The Company shall have delivered to the Trustee an Officer’s Certificate to the effect
that neither such Securities nor any other Securities of the same series, if then listed on any
securities exchange, will be delisted as a result of such deposit.

     (5) No event which is, or after notice or lapse of time or both would become, an Event of
Default with respect to such Securities or any other Securities shall have occurred and be
continuing at the time of such deposit or, with regard to any such event specified in Sections
501(5) and (6), at any time on or prior to the 90th day after the date of such deposit (it being
understood that this condition shall not be deemed satisfied until after such 90th day).

     (6) Such Defeasance or Covenant Defeasance shall not cause the Trustee to have a
conflicting interest within the meaning of the Trust Indenture Act (assuming all Securities are
in default within the meaning of such Act).

     (7) Such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or
constitute a default under, any other agreement or instrument to which the Company is a party or
by which it is bound.

     (8) Such Defeasance or Covenant Defeasance shall not result in the trust arising from such
deposit constituting an investment company within the meaning of the Investment Company Act
unless such trust shall be registered under such Act or exempt from registration thereunder.

     (9) The Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion
of Counsel, each stating that all conditions precedent with respect to such Defeasance or
Covenant Defeasance have been complied with.

SECTION 1305. Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous
Provisions.

     Subject to the provisions of the last paragraph of Section 1003, all money and U.S. Government
Obligations (including the proceeds thereof) deposited with the Trustee or other qualifying trustee
(solely for purposes of this Section and Section 1306, the Trustee and any such other trustee are
referred to collectively as the “Trustee”) pursuant to Section 1304 in respect of any Securities
shall be held in trust and applied by the Trustee, in accordance with the provisions of such
Securities and this Indenture, to the payment, either directly or through any such Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders
of such Securities, of all sums due and to become due thereon in respect of principal and any
premium and interest, but money so held in trust need not be segregated from other funds except to
the extent required by law.

     The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the U.S. Government Obligations deposited pursuant to Section 1304 or the
principal and interest received in respect thereof other than any such tax, fee or other charge
which by law is for the account of the Holders of Outstanding Securities.

     Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to
the Company from time to time upon Company Request any money or U.S. Government Obligations held by
it as provided in Section 1304 with respect to any Securities which, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee, are in excess of the amount thereof which would then be required to be
deposited to effect the Defeasance or Covenant Defeasance, as the case may be, with respect to such
Securities. This provision shall not authorize the sale by the
Trustee of any U.S. Government Obligations held under this Indenture.

SECTION 1306. Reinstatement.

     If the Trustee or the Paying Agent is unable to apply any money in accordance with this
Article with respect to any Securities by reason of any order or judgment of any court or
governmental authority enjoining, restraining or otherwise prohibiting such application, then the
obligations under this Indenture and such Securities from which the Company has been discharged or
released pursuant to Section 1302 or 1303 shall be revived and reinstated as though no deposit had
occurred pursuant to this Article with respect to such Securities, until such time as the Trustee
or Paying Agent is permitted to apply all money held in trust pursuant to Section 1305 with respect
to such Securities in accordance with this Article; provided, however, that if the Company makes
any payment of principal of or any premium or interest on any such Security following such
reinstatement of its obligations, the Company shall be subrogated to the rights (if any) of the
Holders of such Securities to receive such payment from the money so held in trust.

     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.

39

 

     IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of
the day and year first above written.

	 	 	 	 	 	 	 
	 	 	ZIMMER HOLDINGS, INC.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Attest:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 

40

 

EXHIBIT A

[FORM OF FACE OF SECURITY]

ZIMMER HOLDINGS, INC.

[Global Securities Legend]

THIS GLOBAL SECURITY IS HELD BY AND REGISTERED IN THE NAME OF THE DEPOSITORY (AS DEFINED IN THE
INDENTURE GOVERNING THIS SECURITY) IS NOT EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A
PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN
THE INDENTURE, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (A) THE
TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 203 OF THE INDENTURE,
(B) THIS GLOBAL SECURITY MAY BE EXCHANGED PURSUANT TO SECTION 203(a) OF THE INDENTURE, (C) THIS
GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 309 OF THE
INDENTURE AND (D) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITORY WITH THE PRIOR
WRITTEN CONSENT OF THE COMPANY.

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT 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.

A-1

 

[Form of Face of Security]

ZIMMER HOLDINGS, INC.

[Designation of Series]

CUSIP No.                     

[Other No.                     ]

No.                      $                    

     Zimmer Holdings, Inc., a corporation duly organized and existing under the laws of the State
of Delaware (herein called the “Company”, which term includes any successor Person under the
Indenture hereinafter referred to), for value received, hereby promises to pay to          
        , or registered assigns, the principal sum of          
Dollars [for Global Note insert in parentheses (or such other lesser or greater amount set
forth on the Schedule of Exchanges of Interests in the Global Security attached hereto)] on           
[if the Security is to bear interest prior to Maturity, insert
o, and to pay interest thereon from or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semi-annually on           
and in            each year,            commencing           
        , at the rate of            % per annum, until the principal hereof is paid or made
available for payment [if applicable, insert o, provided, however that any principal and
premium, and any such installment of interest, which is overdue shall bear interest at the rate of
     % per annum (to the extent that the payment of such interest shall be legally
enforceable), from the dates such amounts are due until they are paid or made available for
payment, and such interest shall be payable on demand). The interest so payable, and punctually
paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be
paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such interest, which shall be                
the            or            (whether or
not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such
interest not so punctually paid or duly provided for will forthwith cease to be payable to the
Holder on such Regular Record Date and may either be paid to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at the close of business on a Special Record
Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be
given to Holder of Securities of this series not less than 10 days prior to such Special Record
Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed, and upon such notice
as may be required by such exchange, all as more fully provided in said Indenture.][if the Security
is not to bear interest prior to Maturity, insert o. The principal of this Security shall not
bear interest except in the case of a default in payment of principal upon acceleration, upon
redemption or at Stated Maturity and in such case the overdue principal and any overdue premium
shall bear interest at the rate of            % per annum (to the extent that the payment of such
interest shall be legally enforceable), from the dates such amounts are due until they are paid or
made available for payment. Interest on any overdue principal or premium shall be payable on
demand. [Any such interest on overdue principal or premium which is not paid on demand shall bear
interest at the rate of            % per annum (to the extent that the payment of such interest on
interest shall be legally enforceable), from the date of such demand until the amount so demanded
is paid or made available for payment. Interest on any overdue interest shall be payable on
demand.]]

     Payment of the principal of (and premium, if any) and [if applicable, insert o any such]
interest on this Security will be made at the office or agency of the Company maintained for that
purpose at the Paying Agent Office of the Trustee, in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and private debts [if
applicable, insert o; provided, however, that at the option of the Company payment of
interest may be made by check mailed to the address of the Person entitled thereto as such address
shall appear in the Security Register].

     Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

     Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.

A-2

 

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

	 	 	 	 	 	 	 
	 	 	ZIMMER HOLDINGS, INC.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 

	 	 	 
	Attest:
	 	 
	 
	 	 
	 

Name:

	 	 
	Title:
	 	 

A-3

 

CERTIFICATE OF AUTHENTICATION

     This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.

Dated:

	 	 	 	 	 
	 	Wells Fargo Bank, National Association

as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

A-4

 

	 	 	 	 	 

[Form of Reverse of Security]

     This Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of           
        ,            (herein called the “Indenture”,
which term shall have the meaning assigned to it in such instrument), between the Company and Wells
Fargo Bank, National Association, as Trustee (herein called the ‘“Trustee”, which term includes any
successor trustee under the Indenture), and reference is hereby made to the Indenture for a
statement of the respective rights, limitations of rights, duties and immunities thereunder of the
Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities
are, and are to be, authenticated and delivered. This Security is one of the series designated on
the face hereof [if applicable, insert o, limited in aggregate principal amount to $           ].

     [If applicable, insert o The Securities of this series are subject to redemption at any
time, upon not less than 30 days’ and not more than 60 days’ notice by mail, as a whole or from
time to time in part, at the election of the Company [if applicable, insert o (provided,
however, that, if the Company shall have elected pursuant to the Indenture to defease [the entire
Indebtedness of this Security] [or] [certain restrictive covenants and Events of Defaults with
respect to this Security], prior to making such election to redeem the Securities it shall have
deposited in trust amounts sufficient to pay the Redemption Price)], on any date prior to their
Stated Maturity at a Redemption Price equal to the greater of (i) 100% of the principal amount of
such Securities to be redeemed, plus accrued interest thereon to the Redemption Date and (ii) the
sum of the present values of the Remaining Scheduled Payments (as defined below) of the notes to be
redeemed, discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Treasury Rate (as defined below), plus [            ]
basis points, plus accrued and unpaid interest thereon to the Redemption Date.

     “Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the
semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such redemption date. 

     
“Comparable Treasury Issue” means the United
States Treasury security selected by the Quotation Agent as having a maturity comparable to the
remaining term of the series of notes to be redeemed that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new issues of corporate
debt securities of comparable maturity to the remaining term of such notes. 

     
“Comparable Treasury
Price” means, with respect to any redemption date, (1) the average of four Reference Treasury
Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference
Treasury Dealer Quotations, (2) if the  Company can only obtain less than four such Reference
Treasury Dealer Quotations, the average of all such quotations or
(3) if the Company can only
obtain one Reference Treasury Dealer Quotation, such quotation. 

     “Quotation Agent” means the
Reference Treasury Dealer appointed by us. 

     “Reference Treasury Dealer” means (1) each of        and
       (or their
respective affiliates that are Primary Treasury Dealers) and their respective successors; provided,
however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer
in New York City (a “Primary Treasury Dealer”), we will substitute therefor another Primary
Treasury Dealer, and (2) any other Primary Treasury Dealer selected by the Company. 

     
“Reference Treasury
Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date,
the average, as determined by the  Company, of the bid and asked prices for the Comparable Treasury
Issue (expressed in each case as a percentage of its principal amount) quoted in writing to
the Company  by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business
day preceding such redemption date.

     
“Remaining Scheduled Payments” means, with
respect to each note to be redeemed, the remaining scheduled payments of the principal thereof and
interest thereon that would be due after the related Redemption Date for such redemption; provided,
however, that, if such Redemption Date is not an Interest Payment Date with respect to such note,
the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount
of interest accrued thereon to such Redemption Date.]

     [If applicable, insert o The Securities of this series are subject to redemption upon
not less than 30 days’ notice by mail, [if applicable, insert o (1) on           
in any year commencing with the year            and ending with the year           
through operation of the sinking fund for this series at a Redemption Price equal to 100% of
the principal amount, and (2)] at any time [if applicable, insert o on or after           
], as a whole or in part, at the election of the Company, at the following
Redemption Prices (expressed as percentages of the principal amount): If redeemed [if applicable,
insert o on or before            and if redeemed] during the 12-month
period beginning of the years indicated,

A-5

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Year	 	Redemption Price	 	 	Year	 	 	Redemption Price	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

and thereafter at a Redemption Price equal to            % of the principal amount, together in the
case of any such redemption [if applicable, insert o (whether through operation of the
sinking fund or otherwise)] with accrued interest to the Redemption Date, but interest installments
whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such
Securities, or one or more Predecessor Securities, of record at the close of business on the
relevant Record Dates referred to on the face hereof, all as provided in the Indenture.]

     [If applicable, insert o The Securities of this series are subject to redemption upon
not less than 30 days’ notice by mail, (1) on            in any year
commencing with the year and ending with the year            through operation of the sinking
fund for this series at the Redemption Prices for redemption through operation of the sinking fund
(expressed as percentages of the principal amount) set forth in the table below, and (2) at any
time [if applicable, insert o on or after            ], as a whole or
in part, at the election of the Company, at the Redemption Prices for redemption otherwise than
through operation of the sinking fund (expressed as percentages of the principal amount) set forth
in the table below: If redeemed during the 12-month period beginning on           
of the years indicated,

	 	 	 	 	 
	 	 	Redemption Price for	 	Redemption Price for
	 	 	Redemption through	 	Redemption Otherwise
	 	 	Operation of the	 	than through Operation of
	Year	 	Sinking Fund	 	the Sinking Fund
	 
	 	 	 	 

and thereafter at a Redemption Price equal to            % of the principal amount, together in the
case of any such redemption (whether through operation of the sinking fund or otherwise) with
accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or
prior to such Redemption Date will be payable to the Holders of such Securities, or one or more
Predecessor Securities, of record at the close of business on the relevant Record Dates referred to
on the face hereof, all as provided in the Indenture.]

     [If applicable, insert o Notwithstanding the foregoing, the Company may not, prior to           
        , redeem any Securities of this series as contemplated by [if
applicable, insert o Clause (2) of] the preceding paragraph as a part of, or in anticipation
of, any refunding operation by the application, directly or indirectly, of moneys borrowed having
an interest cost to the Company (calculated in accordance with generally accepted financial
practice) of less than            % per annum.]

     [If applicable, insert o The sinking fund for this series provides for the redemption on          
in each year beginning with the year                 and ending
with the year of            [if applicable, insert o not less than $           
(“mandatory sinking fund”) and not more than] $            aggregate principal amount of
Securities of this series. Securities of this series acquired or redeemed by the Company otherwise
than through [if applicable, insert o mandatory] sinking fund payments may be credited
against subsequent [if applicable, insert o mandatory] sinking fund payments otherwise
required to be made [if applicable, insert o, in the inverse order in which they become
due].]

     [If the Security is subject to redemption of any kind, insert o In the event of
redemption of this Security in part only, a new Security or Securities of this series and of like
tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the
cancellation hereof.]

     [If applicable, insert o The Indenture contains provisions for defeasance at any time of
[the entire Indebtedness of this Security] [or] [certain restrictive covenants and Events of
Default with respect to this Security] [, in each case] upon compliance with certain conditions set
forth in the Indenture.]

     [If the Security is not an Original Issue Discount Security, insert o. If an Event of
Default with respect to Securities of this series shall occur and be continuing, the principal of
the Securities of this series may be declared due and payable in the manner and with the effect
provided in the Indenture.]

     [If the Security is an Original Issue Discount Security, insert o If an Event of Default
with respect to Securities of this series shall occur and be continuing, an amount of principal of
the Securities of this series may be declared due and payable in the manner and with the effect
provided in the Indenture. Such amount shall be equal to o insert formula for determining the
amount. Upon payment (i) of the amount of principal so declared due and payable and (ii) of
interest on any overdue principal, premium and interest (in each case to the extent that the
payment of such interest shall be legally enforceable), all

A-6

 

of the Company’s obligations in respect of the payment of the principal of and premium and
interest, if any, on the Securities of this series shall terminate.]

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of a majority in principal amount of the Securities at the
time Outstanding of each series to be affected. The Indenture also contains provisions permitting
the Holders of specified percentages in principal amount of the Securities of each series at the
time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by
the Company with certain provisions of the Indenture and certain past defaults under the Indenture
and their consequences. Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Security.

     As provided in and subject to the provisions of the Indenture, the Holder of this Security
shall not have the right to institute any proceeding with respect to the Indenture or for the
appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall
have previously given the Trustee written notice of a continuing Event of Default with respect to
the Securities of this series, the Holders of not less than 25% in principal amount of the
Securities of this series at the time Outstanding shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
indemnity or security reasonably satisfactory to it, and the Trustee shall not have received from
the Holders of a majority in principal amount of Securities of this series at the time Outstanding
a direction inconsistent with such request, and shall have failed to institute any such proceeding,
for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not
apply to any suit instituted by the Holder of this Security for the enforcement of any payment of
principal hereof or any premium or interest hereon on or after the respective due dates expressed
herein.

     No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of and any premium and interest on this Security at the times, place and rate, and in
the coin or currency, herein prescribed.

     As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security may be registered and this Security may be exchanged as provided in the
Indenture.

     The Securities of this series are issuable only in registered form without coupons in
denominations of $2,000 and any integral multiple thereof.

     No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.

     Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

     All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

A-7

 

ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to:

 

(Insert assignee’s social security or tax I.D. no.)

 

 

 

 

(Print or type assignee’s name, address and zip code)

and irrevocably appoint                                          as agent to
transfer this Security on the books of the Company. The agent may substitute another to act for
him.

 

	 	 	 
	Your Signature:
	 	 
	 

	 	 
	 

	 	(Sign exactly as your name appears on the other side of this Security)

	 	 	 
	Your Name:
	 	 
	 

	 	 

Date:                     

	 	 	 	 	 
	Signature Guarantee:

	 	 	 	*
	 

	 	 	 	 

*NOTICE: The Signature must be guaranteed by an Institution which is a member of one of the
following recognized signature Guarantee Programs: (i) The Securities Transfer Agent Medallion
Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock
Exchange Medallion Program (SEMP); or (iv) such other guarantee program acceptable to the Trustee.

A-8

 

[TO BE ATTACHED TO GLOBAL SECURITIES]

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL SECURITY

     The following exchanges of an interest in this Global Security for an interest in another Global
Security or for a Definitive Security, or exchanges of an interest in another Global Security or a
Definitive Security for an interest in this Global Security have been made:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Amount of decrease	 	 	Amount of increase	 	 	Principal Amount of this	 	 	Signature of authorized	 
	 	 	in Principal Amount of	 	 	in Principal Amount of	 	 	Global Security following	 	 	signatory of Trustee or	 
	Date of Exchange	 	this Global Security	 	 	this Global Security	 	 	such decrease or increase	 	 	Securities Custodian	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

A-9exv10w1

Exhibit 10.1

EXECUTION COPY

 

 

PURCHASE AND ASSUMPTION AGREEMENT

BY AND BETWEEN

FIRSTMERIT BANK, N.A.

AND

FIRST BANK

Dated as of November 11, 2009

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Tab	 
	 
	 	 	 	 	 	 
	ARTICLE 1 DEFINITIONS	 	 	1	 
	 
	 	 	 	 	 	 
	ARTICLE 2 PURCHASE AND SALE	 	 	15	 
	2.1
	 	The Acquisition	 	 	15	 
	2.2
	 	Consideration for the Acquisition	 	 	19	 
	2.3
	 	Allocation	 	 	22	 
	2.4
	 	Pro Rata Adjustment and Reimbursement	 	 	23	 
	2.5
	 	Closing	 	 	24	 
	2.6
	 	Repurchase of Non-Conforming Loans	 	 	25	 
	 
	 	 	 	 	 	 
	ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF SELLER	 	 	26	 
	3.1
	 	Organization, Qualification, and Corporate Power	 	 	26	 
	3.2
	 	Authorization of Transaction	 	 	26	 
	3.3
	 	Noncontravention	 	 	27	 
	3.4
	 	Governmental Authorizations	 	 	27	 
	3.5
	 	Brokers’ Fees	 	 	27	 
	 
	 	 	 	 	 	 
	ARTICLE 4 REPRESENTATIONS AND WARRANTIES CONCERNING THE BRANCHES	 	 	27	 
	4.1
	 	Title; Tangible Personal Property	 	 	28	 
	4.2
	 	Deposits	 	 	28	 
	4.3
	 	Undisclosed Liabilities	 	 	29	 
	4.4
	 	Tax Matters	 	 	29	 
	4.5
	 	Employee Benefits	 	 	30	 
	4.6
	 	Compliance with Applicable Laws	 	 	30	 
	4.7
	 	Legal Proceedings; Orders	 	 	31	 
	4.8
	 	Employees	 	 	31	 
	4.9
	 	Environmental Matters	 	 	32	 
	4.10
	 	Loans	 	 	34	 
	4.11
	 	Owned Real Property, Leased Real Properties and Tangible Personal Property	 	 	36	 
	4.12
	 	Leased Real Property	 	 	39	 
	4.13
	 	Acquired Contracts	 	 	39	 
	4.14
	 	Absence of Certain Changes and Events	 	 	40	 
	4.15
	 	Escheat Deposits	 	 	41	 
	4.16
	 	Books and Records	 	 	41	 

(i)

 

	 	 	 	 	 	 	 
	 	 	 	 	Tab	 
	4.17
	 	Insurance	 	 	41	 
	4.18
	 	Disclosure	 	 	41	 
	4.19
	 	Community Reinvestment Act Designations	 	 	41	 
	4.20
	 	No Knowledge of Fraud	 	 	42	 
	4.21
	 	Limitation on Warranties	 	 	42	 
	 
	 	 	 	 	 	 
	ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF BUYER	 	 	42	 
	5.1
	 	Organization, Qualification, and Corporate Power	 	 	42	 
	5.2
	 	Authorization of Transaction	 	 	42	 
	5.3
	 	Noncontravention	 	 	42	 
	5.4
	 	Brokers’ Fees	 	 	43	 
	5.5
	 	Legal Proceedings; Orders	 	 	43	 
	5.6
	 	Financial Condition	 	 	43	 
	5.7
	 	Regulatory Condition	 	 	43	 
	 
	 	 	 	 	 	 
	ARTICLE 6 PRE-CLOSING COVENANTS	 	 	43	 
	6.1
	 	Operation of Business	 	 	44	 
	6.2
	 	Notice of Potential Material Adverse Effect	 	 	46	 
	6.3
	 	Reasonable Access	 	 	46	 
	6.4
	 	Press Releases	 	 	47	 
	6.5
	 	Exclusivity	 	 	47	 
	6.6
	 	Regulatory Matters and Approvals	 	 	47	 
	6.7
	 	Employment	 	 	48	 
	6.8
	 	Conveyance of Customer Accounts	 	 	50	 
	6.9
	 	Branch Access	 	 	50	 
	6.10
	 	Maintenance of Properties	 	 	51	 
	6.11
	 	Conversion Planning and Execution	 	 	51	 
	6.12
	 	General Third Party Consents	 	 	51	 
	6.13
	 	Title Insurance and Surveys	 	 	52	 
	6.14
	 	Insurance Proceeds and Casualty Payments	 	 	53	 
	6.15
	 	Environmental Reports and Investigations	 	 	53	 
	6.16
	 	Condemnation	 	 	55	 
	6.17
	 	Exclusion of Non-Core Deposits	 	 	55	 
	6.18
	 	Additions to Loans; Removal of Certain Loans	 	 	55	 
	6.19
	 	Subordination, Non-Disturbance and Attornment Agreements	 	 	56	 
	6.20
	 	Assumption of IRA and Keogh Account Deposits	 	 	56	 
	6.21
	 	Naperville Branch	 	 	57	 
	6.22
	 	Post-Signing Selection of Certain Excluded Tangible Personal Property	 	 	57	 
	 
	 	 	 	 	 	 
	ARTICLE 7 POST-CLOSING COVENANTS	 	 	57	 

(ii)

 

	 	 	 	 	 	 	 
	 	 	 	 	Tab	 
	7.1
	 	Continued Cooperation	 	 	57	 
	7.2
	 	Transitional Matters Concerning Deposits	 	 	57	 
	7.3
	 	Transitional Matters Concerning Loans	 	 	60	 
	7.4
	 	Transitional Matters Concerning Real Estate Interests	 	 	60	 
	7.5
	 	Transfer of Books and Records	 	 	60	 
	7.6
	 	Electronic Records, Conversion, and Servicing	 	 	62	 
	7.7
	 	Tax Reporting Obligations	 	 	62	 
	7.8
	 	Credit Life Insurance Refunds	 	 	63	 
	7.9
	 	Non-Solicitation of Employees	 	 	64	 
	7.10
	 	Non-Solicitation of Business	 	 	64	 
	7.11
	 	Covenant Not to Compete	 	 	64	 
	7.12
	 	Legal Inquiries	 	 	66	 
	7.13
	 	Employment	 	 	66	 
	7.14
	 	Removal of Seller’s Name from Signs	 	 	67	 
	 
	 	 	 	 	 	 
	ARTICLE 8 CONDITIONS TO OBLIGATION TO CLOSE	 	 	67	 
	8.1
	 	Conditions to Obligation of Buyer	 	 	67	 
	8.2
	 	Conditions to Obligation of Seller	 	 	70	 
	 
	 	 	 	 	 	 
	ARTICLE 9 ITEMS TO BE DELIVERED AT OR PRIOR TO CLOSING	 	 	70	 
	9.1
	 	By Seller	 	 	70	 
	9.2
	 	By Buyer	 	 	71	 
	 
	 	 	 	 	 	 
	ARTICLE 10 TERMINATION	 	 	72	 
	10.1
	 	Termination of Agreement	 	 	72	 
	10.2
	 	Effect of Termination	 	 	73	 
	 
	 	 	 	 	 	 
	ARTICLE 11 REMEDIES FOR BREACH OF THIS AGREEMENT	 	 	73	 
	11.1
	 	Survival	 	 	73	 
	11.2
	 	Indemnification by Seller	 	 	74	 
	11.3
	 	Indemnification by Buyer	 	 	74	 
	11.4
	 	Limitations on Indemnity	 	 	75	 
	11.5
	 	Third Party Claims	 	 	76	 
	11.6
	 	Losses Computed Without Giving Effect to Materiality	 	 	79	 
	11.7
	 	Indemnity Payments Treated as Adjustments to Purchase Price	 	 	79	 
	11.8
	 	After-Tax Nature of Indemnity Payments	 	 	79	 
	11.9
	 	Third Party Beneficiaries	 	 	79	 
	 
	 	 	 	 	 	 
	ARTICLE 12 MISCELLANEOUS	 	 	79	 
	12.1
	 	Governing Law	 	 	79	 
	12.2
	 	Consent to Jurisdiction; Waiver of Jury Trial	 	 	79	 

(iii)

 

	 	 	 	 	 	 	 
	 	 	 	 	Tab	 
	12.3
	 	Waiver of Punitive Damages and Jury Trial	 	 	80	 
	12.4
	 	Successors and Assigns; No Third-Party Rights	 	 	81	 
	12.5
	 	Entire Agreement; Amendment	 	 	81	 
	12.6
	 	Notices	 	 	81	 
	12.7
	 	Amendments and Waivers	 	 	82	 
	12.8
	 	Counterparts	 	 	82	 
	12.9
	 	Severability	 	 	82	 
	12.10
	 	Titles and Subtitles	 	 	82	 
	12.11
	 	Construction	 	 	82	 
	12.12
	 	Expenses	 	 	83	 
	12.13
	 	Waiver of Compliance with Bulk Sales Laws	 	 	83	 
	12.14
	 	Next Business Day	 	 	83	 

	 	 	 
	Exhibit A

	 	Seller’s Branches
	Exhibit B

	 	FMER Loan Review Standards
	Exhibit C

	 	Form of Limited Power of Attorney
	 
	 	 
	Schedule 1.1

	 	Loans
	Schedule 1.2

	 	Select Remote Employees
	Schedule 2.1(a)(vii)(B)

	 	Acquired Contracts
	Schedule 2.1(b)(i)

	 	Excluded Tangible Personal Property
	Schedule 3.2

	 	Consents
	Schedule 4.2(e)

	 	Exceptions to Deposits
	Schedule 4.2(f)

	 	Exceptions to Deposit Agreements
	Schedule 4.7(a)

	 	Legal Proceedings; Orders
	Schedule 4.8(b)

	 	Employment Agreements
	Schedule 4.8(d)

	 	Employment-Related Claims
	Schedule 4.9(a)

	 	Compliance with Environmental Laws
	Schedule 4.9(g)

	 	Asbestos, Mold and Lead-Based Paint
	Schedule 4.10(a)

	 	Loans to Employees and Affiliates
	Schedule 4.11(a)(i)

	 	Owned Real Property
	Schedule 4.11(a)(ii)

	 	Tenant Leases
	Schedule 4.11(b)

	 	Issues Affecting Owned Real Property, Leased Property and Tangible Personal Property
	Schedule 4.12

	 	Leases
	Schedule 4.14(e)

	 	Compensation Increases
	Schedule 6.11

	 	Conversion-Related Responsibilities
	Schedule 6.20(c)

	 	Excluded IRA/Keogh Accounts
	Schedule 8.1(m)

	 	Employment Agreements with Buyer

(iv)

 

PURCHASE AND ASSUMPTION AGREEMENT

     THIS PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) entered into as of November
11, 2009, by and between FIRSTMERIT BANK, N.A., a national banking association (“Buyer”),
and FIRST BANK, a Missouri state chartered bank (“Seller”). Buyer and Seller are referred
to collectively herein as the “Parties.”

WITNESSETH

     WHEREAS, Buyer and Seller are each engaged in the business of banking;

     WHEREAS, Seller desires to sell certain assets and transfer certain liabilities with respect
to Seller’s branch operations which are listed on Exhibit A and referred to herein as the
Branches;

     WHEREAS, Buyer desires to purchase certain assets and assume certain liabilities of Seller
related to the Branches;

     WHEREAS, the Parties desire to set forth in writing the terms and conditions under which the
transaction will be consummated.

     NOW, THEREFORE, in consideration of the foregoing and of the representations, warranties,
covenants and agreements set forth herein, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged by the Parties, the Parties hereby agree as
follows:

ARTICLE 1

DEFINITIONS

     Capitalized terms used but not otherwise defined herein shall have the following meanings:

     “ABL Purchase Agreement” means that certain Loan Purchase Agreement, dated of even
date hereof, between Buyer and First Bank Business Capital, Inc., as amended, modified or
supplemented from time to time in accordance with the terms thereof.

     “Accountant” has the meaning set forth in Section 2.2(d) of this Agreement.

     “ACH” has the meaning set forth in Section 7.2(g) of this Agreement.

     “Acquired Assets” has the meaning set forth in Section 2.1(a) of this
Agreement.

     “Acquired Branches” means the Branches other than the Rejected Branches.

     “Acquired Contracts” has the meaning set forth in Section 2.1(a)(vii) of this
Agreement.

1

 

     “Acquired Intellectual Property” has the meaning set forth in Section
2.1(a)(iii) of this Agreement.

     “Acquired Leased Real Properties” has the meaning set forth in Section
2.1(a)(v) of this Agreement.

     “Acquired Leasehold Improvements” has the meaning set forth in Section
2.1(a)(vi) of this Agreement.

     “Acquired Leases” has the meaning set forth in Section 2.1(a)(v) of this
Agreement.

     “Acquired Owned Real Property” means the Owned Real Property other than the Excluded
Owned Real Property, if any.

     “Acquired Tangible Personal Property” has the meaning set forth in Section
2.1(a)(ii) of this Agreement.

     “Acquisition” means the acquisition by Buyer of the Acquired Assets and the assumption
of the Assumed Liabilities pursuant to the terms of this Agreement.

     “Acquisition Closing Date Balance Sheet” means an unaudited balance sheet listing only
the Acquired Assets and the Assumed Liabilities as of the close of business on the Closing Date and
prepared from and using the same methodologies and principles used in connection with the Closing
Date Balance Sheet, which unaudited balance sheet shall also include appropriate line items in
respect of the Taxes and other prepaid expenses or items to be prorated between Buyer and Seller as
required by Section 2.4 of this Agreement.

     “Acquisition Pre-Closing Balance Sheet” means an unaudited balance sheet listing only
the Acquired Assets and the Assumed Liabilities as of the last day of the immediately preceding
month end prior to the Closing Date and prepared from and using the same methodologies and
principles used in connection with the Pre-Closing Balance Sheet, which unaudited balance sheet
shall be prepared by Seller and delivered to Buyer on or before the fifth (5th) Business
Day prior to the Closing Date and shall include appropriate line items in respect of the Taxes and
other prepaid expenses or items to be prorated between Buyer and Seller as required by Section
2.4 of this Agreement.

     “Affiliate” means with respect to any Person, any Person directly or indirectly
controlling, controlled by, or under common control with such other Person. For purposes of this
definition, “control” (including with correlative meaning, the terms “controlled by” and “under
common control with”) as used with respect to any Person, means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of such
Person, whether through ownership of voting securities, by contract or otherwise; provided,
however, that with respect to Seller, “Affiliate” means FB Parent and the Affiliates of
Seller or FB Parent that are controlled, either directly or indirectly, by Seller or FB Parent.

     “Agreement” has the meaning set forth in the preface above.

2

 

     “Applicable Laws” means all applicable federal, state, county and municipal laws,
codes, injunctions, judgments, orders, decrees, rulings and charges thereunder and other
governmental requirements, constitutions, ordinances, statutes, rules, regulations, and
administrative interpretations and pronouncements.

     “Assumed Liabilities” has the meaning set forth in Section 2.1(c) of this
Agreement.

     “Book Value” means, with respect to any Acquired Asset and any Assumed Liability, the
dollar amount thereof stated on the accounting records of Seller. The Book Value of any item shall
be determined as of the Closing Date after adjustments made by Seller for differences in accounts,
suspense items, unposted debits and credits, and other similar adjustments or corrections. Without
limiting the generality of the foregoing, the Book Value of (i) an Assumed Liability shall include
all accrued and unpaid interest thereon as of the Closing Date, (ii) a Loan shall reflect
adjustments for earned or unearned interest (as it relates to the “rule of 78s” or add-on-interest
loans, as applicable), if any, as of the Closing Date, and adjustments for the portion of earned or
unearned loan-related credit life and/or disability insurance premiums, FAS 91 costs, if any,
attributable to Seller as of the Closing Date in each case determined for financial reporting
purposes, (iii) a Commitment shall be deemed to be zero, and (iv) the Acquired Tangible Personal
Property and the Owned Real Property shall be the net book value thereof prorated to the Closing
Date except that the Book Value of all signs and sign framing, posts, structures and other signage
infrastructure shall be zero. The Book Value of an Acquired Contract shall be zero. The Book
Value of an Acquired Asset shall not include any adjustment for any general or specific reserves on
the accounting records of Seller. Seller shall continue to depreciate the Acquired Assets in
accordance with generally accepted accounting principles applied on a basis consistent with prior
periods provided that Seller shall not book depreciation less often than monthly.

     “Books and Records” has the meaning set forth in Section 7.5 of this
Agreement.

     “Branches” means Seller’s branch offices listed on Exhibit A. (Any individual
location may be referred to as “Branch” if the context so requires.)

     “Business Day” means a day other than a Saturday, Sunday or any holiday observed by
the Federal Reserve.

     “Buyer” has the meaning set forth in the preface above.

     “Buyer Documents” means this Agreement and each other agreement, instrument or
document entered into by Buyer pursuant to this Agreement.

     “Buyer Indemnitees” has the meaning set forth in Section 11.2 of this
Agreement.

     “Buyer Material Adverse Effect” means, with respect to Buyer, any condition, event,
change or occurrence that, individually or collectively, is reasonably likely to have a material
adverse effect upon the ability of Buyer to perform its obligations under, and to consummate the
transactions contemplated by this Agreement.

     “Buyer’s 401(k) plan” has the meaning set forth in Section 7.13(a) of this
Agreement.

3

 

     “Buyer Taxes” has the meaning set forth in Section 11.5(d) of this Agreement.

     “Cap” has the meaning set forth in Section 11.4(a) of this Agreement.

     “Claim Notice” has the meaning set forth in Section 11.5(a)(i) of this
Agreement.

     “Closing” has the meaning set forth in Section 2.5(a) of this Agreement.

     “Closing Date” has the meaning set forth in Section 2.5(a) of this Agreement.

     “Closing Date Balance Sheet” means an unaudited balance sheet listing the assets and
liabilities of the Branches as of the close of business on the Closing Date prepared in accordance
with generally accepted accounting principles applied on a basis consistent with prior periods.

     “Code” means the Internal Revenue Code of 1986, as amended.

     “Commercially Reasonable Efforts” means efforts that a prudent Person desirous of
achieving a result would use in similar circumstances to achieve that result; provided,
however, that Commercially Reasonable Efforts shall not be deemed to require a Person to
undertake extraordinary or unreasonable measures, including the payment of amounts in excess of
normal and usual filing fees and processing fees, if any, or other payments with respect to any
Contract that are significant in the context of such Contract (or significant on an aggregate basis
as to all Contracts).

     “Commitments” means unfunded commitments by Seller to lend funds to customers of the
Branches on the terms and conditions set forth in the applicable commitment letters or other
documentation, as such commitments exist as of the Closing Date.

     “Consent” means any approval, consent, ratification, waiver, or other authorization
(including, without limitation, any Governmental Authorization, and any other third party consents
necessary for the assignment to Buyer of any Acquired Contract); provided, however,
that “Consent” shall not include any Landlord Consent.

     “Contract” means any agreement, contract, lease, obligation, promise or undertaking
(whether written or oral and whether express or implied) that is legally binding.

     “Controlling Party” has the meaning set forth in Section 11.5(d) of this
Agreement.

     “Cut-Off Date” means the date that is one hundred eighty days following the Closing
Date.

     “Deposits” means all deposits (as defined in 12 U.S.C. § 1813(l)), and the obligations
and duties incidental thereto, which are assigned to the Branches, including demand deposit
accounts, time and savings accounts, interest checking accounts, deposits relating to debit cards /
ATM cards, certificates of deposits, IRAs (to the extent contemplated by Section 6.20(a)),
Keogh Accounts (to the extent contemplated by Section 6.20(b)), sweep accounts and other
deposit accounts, including for each, all interest accrued but unpaid and both collected and
uncollected funds through the Closing Date; and including the obligations relating to the clearance
of checks

4

 

and drafts drawn against the deposit liabilities, in accordance with the Books and Records of
the Branches as of the close of business on the Closing Date; provided however that
deposits shall not include (a) deposits constituting official checks, travelers checks, money
orders, certified checks or other items in the process of clearing on the Closing Date; (b)
deposits pledged as collateral for any Excluded Loan; (c) any deposit account with an overdraft in
excess of $1,000 outstanding as of the calendar month end immediately preceding the Closing Date;
(d) the Excluded IRA/Keogh Account Deposits; (e) Non-Core Deposits excluded by Buyer pursuant to
the provisions of Section 6.17; (f) deposits that would be presumed to be abandoned under
escheat law or other abandoned property law of any applicable jurisdiction, (g) brokered deposits,
and (h) deposits of Branches excluded under Section 6.12, 6.13, 6.15 or
6.21 due to the inability to transfer such Deposits to Buyer on account of the failure to
satisfy applicable regulatory requirements with respect to any such transfer prior to the Closing
Date.

     “Disagreement” has the meaning set forth in Section 2.2(c) of this Agreement.

     “Disclosure Schedule” means the disclosure Schedules delivered by Seller under
Articles 3 and 4 of this Agreement that limit or qualify the representations and
warranties made by Seller under Articles 3 and 4 of this Agreement.

     “Draft Allocation Statement” has the meaning set forth in Section 2.3(a) of
this Agreement.

     “Effective Time” has the meaning set forth in Section 2.5(b) of this
Agreement.

     “Encumbrance” means any charge, claim, community property interest, condition,
encumbrance, equitable interest, lien, option, pledge, mortgage, security interest, right of first
refusal, or restriction of any kind, including any restriction on use, voting, transfer, receipt of
income, or exercise of any other attribute of ownership.

     “Environmental Law” means any federal, state or local law (including common law),
statute, ordinance, rule, regulation, code, Consent, Order, or agreement with any Governmental Body
in each case as amended from time to time relating to (1) the protection, preservation or
restoration of the indoor or outdoor environment (including, without limitation, air, water vapor,
surface water, groundwater, drinking water supply, surface soil, subsurface soil, plant and animal
life or any other natural resource), or (2) the use, storage, remediation, removal, inspection,
monitoring, recycling, treatment, generation, transportation, processing, handling, labeling,
production, release or disposal of, or exposure to, or injury or damage by, any Hazardous
Materials, including, without limitation, the Comprehensive Environmental Response, Compensation,
and Liability Act of 1980 (“CERCLA”), as amended; the Hazardous Materials Transportation Act, as
amended; the Resource Conservation and Recovery Act of 1976, as amended; the Federal Water
Pollution Control Act, as amended; the Toxic Substances Control Act, as amended; the Clean Air Act,
as amended; the Occupational Safety and Health Act, as amended; and the Safe Drinking Water Act, as
amended.

     “Estimated Payment Amount” has the meaning set forth in Section 2.2(b) of this
Agreement.

5

 

     “Estimated Payment Amount Statement” has the meaning set forth in Section
2.2(b) of this Agreement.

     “Excluded Assets” has the meaning set forth in Section 2.1(b) of this
Agreement.

     “Excluded Intellectual Property” has the meaning set forth in Section
2.1(b)(ii) of this Agreement.

     “Excluded IRA/Keogh Account Deposits” has the meaning set forth in Section
6.20(c).

     “Excluded Lease” means any Lease in respect of any item of Excluded Leased Real
Property.

     “Excluded Leased Real Property” means any Leased Real Property that has been excluded
from the Acquisition by Buyer pursuant to Section 6.12, 6.13 or 6.15 of
this Agreement.

     “Excluded Liabilities” has the meaning set forth in Section 2.1(d) of this
Agreement.

     “Excluded Loans” has the meaning set forth in Section 2.1(b)(iv) of this
Agreement.

     “Excluded Owned Real Property” means any Owned Real Property that has been excluded
from the Acquisition by Buyer pursuant to Section 6.13, 6.15 or 6.21 of
this Agreement.

     “Excluded Tangible Personal Property” has the meaning set forth in Section
2.1(b)(i) of this Agreement.

     “Fair Market Value” means the fair market value as determined by an appraiser that is
mutually agreeable to Seller and Buyer and that is independent and has no fewer than seven (7)
years experience appraising similar property in the county in which the parcel of Owned Real
Property is located.

     “FB Parent” means First Banks, Inc., a Missouri corporation and the legal and
beneficial owner of all of the issued and outstanding capital stock of The San Francisco Company
and Coast Financial Holdings, Inc., which together are the legal and beneficial owners of all of
the issued and outstanding capital stock of Seller.

     “FDIC” means the Federal Deposit Insurance Corporation.

     “Federal Funds Rate” means the federal funds target rate as quoted by the Federal
Reserve Bank of St. Louis on the relevant Business Day.

     “Fiduciary Relationships” means (a) any and all common law or other trusts between
individual, corporate or other entities with Seller as a trustee or co-trustee, including, without
limitation, pension, compensation, testamentary, and charitable trusts and indentures, (b) any and
all decedents’ estates where Seller is serving as a co- or sole executor, personal representative
or administrator, administrator de bonis non, administrator de bonis non with will annexed, or in

6

 

any similar fiduciary capacity, (c) any and all guardianships, conservatorships or similar
positions where Seller is serving or has served as a co- or sole guardian or conservator, or any
similar fiduciary capacity, (d) any and all agency and/or custodial accounts and/or similar
arrangements under which Seller is serving or has served as an agent or custodian for the owner or
other party establishing the account with or without investment authority and (e) any and all
escrow arrangements under which Seller holds or held assets for any party or parties on stated
terms and conditions.

     “Final Allocation Statement” has the meaning set forth in Section 2.3(a) of
this Agreement.

     “Final Payment Amount Statement” has the meaning set forth in Section 2.2(c)
of this Agreement.

     “FMER Loan Review Standards” means the loan review standards of Buyer described on
Exhibit B hereto.

     “Geographic Region” has the meaning set forth in Section 7.11 of this
Agreement.

     “Governmental Authorization” means any approval, consent, license, permit,
registration, certification, exemption, waiver or other authorization issued, granted, given or
otherwise made available by or under the authority of any Governmental Body or pursuant to any
Applicable Law.

     “Governmental Body” means any (a) federal, state, local, municipal, foreign or other
government; (b) governmental or quasi-governmental authority of any nature (including any
governmental agency, branch, department, official or entity and any court or other tribunal); or
(c) body exercising, or entitled to exercise, any administrative, executive, judicial, legislative,
police, regulatory, or taxing authority.

     “Hazardous Materials” means (i) any petroleum or petroleum products, natural gas, or
natural gas products, radioactive materials, asbestos, mold, lead, radon gas, urea formaldehyde
foam insulation, transformers or other equipment that contains dielectric fluid containing levels
of polychlorinated biphenyls (PCBs) and radon gas; (ii) any chemical, material, waste or substance
defined, listed, classified or described as “hazardous substance,” “hazardous waste,” “regulated
substance,” “solid waste,” “hazardous material,” “extremely hazardous waste,” “restricted hazardous
waste,” “toxic substance,” “toxic pollutant,” “contaminant,” or “pollutant” under any Environmental
Laws; and (iii) any material, waste or substance the use, disposal, or handling of which is in any
way regulated by any Governmental Body, including any such material, waste or substance regulated
as hazardous or toxic by any Governmental Body, including mixtures thereof with other materials,
and including any regulated building materials containing asbestos or lead. Notwithstanding the
preceding, however, “Hazardous Materials” shall not mean or include any such Hazardous Material (A)
used, generated, manufactured, stored, disposed of or otherwise handled in normal quantities in the
Ordinary Course of Business in compliance with all applicable Environmental Laws as in existence on
the date hereof, or (B) that may be naturally occurring in any ambient air, surface water, ground
water, land surface or subsurface strata.

7

 

     “Holds” has the meaning set forth in Section 7.2(h) of this Agreement.

     “Indemnifying Party” means the Party that is required to indemnify an Indemnitee
pursuant to Article 11 hereof.

     “Insurance” has the meaning set forth in Section 7.8 of this Agreement.

     “Indemnitee” means any Person that may be entitled to seek indemnification pursuant to
Article 11 hereof.

     “IRA” means an “individual retirement account” or similar account created by a trust
for the exclusive benefit of any individual or his beneficiaries in accordance with the provisions
of Section 408 or Section 408A of the Code.

     “Keogh Account” means an account created by a trust for the benefit of employees (some
or all of whom are owner-employees) and that complies with the provisions of Section 401 of the
Code.

     “Knowledge” of a particular fact or other matter means information actually known to a
Parties’ officers, directors, senior managers or Branch managers or such other information that a
prudent person could be expected to discover after due inquiry appropriate under the circumstances;
provided, however, that Seller shall be deemed to have knowledge of any matter,
fact, event, default, violation, breach, noncompliance, notice, consent or other circumstance if
any of the same shall have been delivered in writing to Seller at anytime prior to the Closing.

     “Landlord Consents” has the meaning set forth in Section 4.12 of this
Agreement.

     “Leased Real Property” means, with respect to any Lease, the real property and
improvements leased by Seller under such Lease.

     “Leasehold Improvements” means, with respect to any Lease, all improvements by Seller
to the Leased Real Property under such Lease.

     “Leases” has the meaning set forth in Section 4.12 of this Agreement;
provided, however, that, for the avoidance of doubt, the Leases shall not include,
and Buyer shall not be acquiring or assuming from Seller (i) the leases for suites 140 and 165, 161
N. Clark, Chicago, Illinois, (ii) the leases for suites 110 and 113, drive thru and ATM facilities
at 15255 South 94th Avenue, Orland Park, Illinois, or (iii) suite 3, 700 Osterman Avenue,
Deerfield, Illinois.

     “Liability” means any liability (INCLUDING, WITHOUT LIMITATION, ANY STRICT LIABILITY),
whether known or unknown, asserted or unasserted, absolute or contingent, accrued or unaccrued,
liquidated or unliquidated, and due or to become due, of any nature whatsoever, including any
liability for Taxes.

     “Loans” mean (a) the loans and participation interests in the loans (including
servicing rights where applicable, accrued but unpaid interest and any accrued but unpaid ancillary
income due under the term of the note) and Commitments in the amounts set forth on the Books and
Records of the Branches as of the close of business on the Closing Date that are identified by

8

 

Buyer to Seller on Schedule 1.1, as such Schedule may be supplemented or amended
pursuant to Section 6.18 of this Agreement, and (b) overdrafts of less than $1,000 in
deposit accounts of the Branches; provided, however, that Loans shall not include
any of the following loans, participation interests, Commitments and overdrafts except to the
extent any of them are identified in the Special Acceptance Notice delivered by Buyer to Seller at
least five (5) Business Days prior to the Closing Date:

     (i) any such loan, participation interest, Commitment or overdraft that is delinquent
as of the Closing Date or, if not delinquent as of the Closing Date, would have been
delinquent at anytime during the 180 day period prior to the Closing Date but for the
granting of any grace period, waiver, forbearance, extension, modification or amendment;

     (ii) any such loan, participation interest, Commitment or overdraft of any obligor if
the financial condition of such obligor as of the Closing Date is such that Buyer would
place such loan, participation interest, Commitment or overdraft on “watch” (or worse)
status in accordance with the FMER Loan Review Standards;

     (iii) any such loan, participation interest, Commitment or overdraft of any obligor
that is subject to a pending legal proceeding related to a customer’s inability or refusal
to pay such loan, Commitment or overdraft;

     (iv) any such loan, participation interest, Commitment or overdraft of any obligor that
is subject to pending proceedings against the obligor or obligors (including any guarantor)
of such loan, participation interest, Commitment or overdraft under any law, rule or
regulation relating to bankruptcy, insolvency, reorganization or other relief from
creditors;

     (v) any such loan, participation interest, Commitment or overdraft that constitutes an
SBA Loan unless the SBA Consent with respect thereto shall have been obtained as of the
Closing Date;

     (vi) any such loan, participation interest or Commitment that has been fully discharged
and satisfied or, in the case of a Commitment, terminated as of the Closing Date; and

     (vii) any such loan, participation interest, Commitment or overdraft that constitutes a
Non-Conforming Loan pursuant to clause (i) or (ii) of the definition of Non-Conforming Loan
set forth in this Article 1.

     “Loss” or “Losses” means any and all losses, costs, Liabilities, damages,
demands, penalties, fines, settlements, response or remedial or inspection costs, reasonable
expenses (including, without limitation, interest on any amount payable to a third party as a
result of the foregoing), and any legal, accounting, auditing, consulting or other expenses
reasonably incurred in connection with investigating or defending any claims, actions or
proceedings, whether or not resulting in any liability, or enforcing any right to indemnification
under Article 11, actually incurred by an Indemnitee in connection with the matters
described in Section 11.2 or 11.3, as the case may be; provided,
however, that the term “Loss” shall not be deemed to include lost profits, opportunity
costs, any other consequential damages or punitive damages except to the

9

 

extent that, in connection with a Third Party Claim, any such profits, opportunity costs,
consequential damages or punitive damages are incurred or suffered by a third party and are
included in a judgment awarded to, or a settlement or compromise obtained by, such third party.

     “Loss Threshold” has the meaning set forth in Section 11.4(a) of this
Agreement.

     “Naperville Branch” has the meaning set forth in Section 6.21 of this
Agreement.

     “New Loan” has the meaning set forth in Section 6.18 of this Agreement.

     “Non-Conforming Loan” means any Loan acquired under this Agreement as to which Buyer
shall have determined in its reasonable good faith judgment not later than the Cut-Off Date is or
constitutes a Loan:

     (i) that is fraudulent in nature as a result of any intentional act or omission taken
by any Person at anytime on or prior to the Closing Date;

     (ii) as to which any one or more of the representations or warranties made by Seller
under this Agreement in respect of such Loan shall have been inaccurate or untrue; or

     (iii) that should not constitute a “Loan” on account of any of the circumstances
described in any of clauses (i) through (vi) of the proviso to the definition of Loans set
forth in Article 1 of this Agreement.

     “Non-Conforming Loan Closing Date” has the meaning set forth in Section 2.6 of
this Agreement.

     “Non-Conforming Loan Notice” has the meaning set forth in Section 2.6 of this
Agreement.

     “Non-Controlling Party” has the meaning set forth in Section 11.5(d) of this
Agreement.

     “Non-Core Deposit” shall mean certificates of deposit or money market deposit accounts
originated by Seller after the date of this Agreement that had a rate of interest (i) greater than
1.5% on the date of origination, in the case of certificates of deposits or money market deposit
accounts with a maturity of one (1) year or less, and (ii) greater than 1.75% on the date of
origination, in the case of certificates of deposits or money market deposit accounts with a
maturity of more than one (1) year.

     “Non-disclosure Agreement” means the letter agreement dated August 19, 2009 between
Hovde Financial, Inc. and FirstMerit Bank, N.A.

     “Non-Divested Branches” means all of the banking branches of Seller in any
jurisdiction, other than the Branches.

     “Notice of Disagreement” has the meaning set forth in Section 2.2(c) of this
Agreement.

10

 

     “Notice Period,” as applied to any Third Party Claim for which an Indemnitee seeks to
be indemnified pursuant to this Agreement, shall mean the period ending the earlier of the
following:

     (a) sixty (60) days after the time at which the Indemnitee has either (i) received
notice of the facts giving rise to such Third Party Claim, or (ii) commenced an active
investigation of circumstances likely to give rise to such Third Party Claim and, in the
case of clause (ii), where such Indemnitee believes or should reasonably believe that such
facts or circumstances would give rise to such Third Party Claim for which such Indemnitee
would be entitled to indemnification pursuant to this Agreement; and

     (b) sixty (60) days after the time at which any Third Party Claim against the
Indemnitee has become the subject of Proceedings before any court or tribunal or other
decision-making body, or such shorter time as would allow the Indemnifying Party sufficient
time to contest, on the assumption that there is an arguable defense to such Third Party
Claim, such Proceeding prior to any judgment or decision thereon.

     “Objectionable Title Matter” has the meaning set forth in Section 6.13 of this
Agreement.

     “OCC” means the Office of the Comptroller of the Currency.

     “Order” means any cease or desist order, written agreement, memorandum of
understanding, decision, injunction, judgment, order, ruling, subpoena or verdict entered, issued,
made or rendered by any court, administrative agency or other Governmental Body or by any
arbitrator.

     “Ordinary Course of Business” shall mean an action taken by a Person if:

     (a) such action is consistent with the past practices of such Person and is taken in
the ordinary course of the normal day-to-day operations of such Person;

     (b) if the Person is a corporation, bank, partnership, limited liability company or any
other entity of any nature, such action is not required to be authorized by the board of
directors of such entity (or by any Person or group of Persons exercising similar authority)
and is not required to be authorized by the shareholders or other equity owners (if any) of
such entity; and

     (c) such action is similar in nature and magnitude to actions customarily taken in the
ordinary course of the normal day-to-day operations of other Persons that are in the same
line of business of and of similar size to such Person.

     “Overdraft Items” has the meaning set forth in Section 7.2(e) of this
Agreement.

     “Owned Location” has the meaning set forth in Section 6.13 of this Agreement.

     “Owned Real Property” has the meaning set forth in Section 4.11(a) of this
Agreement; provided, however, that, for the avoidance of doubt, the Owned Real
Property shall not include, and Buyer shall not be purchasing from Seller under this Agreement, the
real property owned by

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Seller associated with the closed branch located at 2356 S. Kedzie, Chicago, Illinois (Little
Village) or Lot 3 of the Vineyard of Frankfort, or 12505 S. Ridgeland Avenue, Palos Heights,
Illinois.

     “Par Value” means, with respect to any Non-Conforming Loan as of any date of
determination, the unpaid principal amount of such Non-Conforming Loan plus all accrued or earned,
but unpaid, interest and fees thereon.

     “Parties” has the meaning set forth in the preface above.

     “Payment Amount” has the meaning set forth in Section 2.2(a) of this
Agreement.

     “Permitted Encumbrances” means any exceptions to good and marketable title to the
Owned Real Property (i) which is not an Objectionable Title Matter or (ii) to which Buyer in its
sole discretion shall consent in writing prior to the Closing to accept as a permitted exception to
good and marketable title.

     “Person” means an individual, a partnership, a corporation, a limited liability
company, an association, a joint stock company, a joint venture, an unincorporated organization, or
a Governmental Body.

     “Phase I Environmental Assessment” means an environmental assessment that is intended
to be consistent with ASTM E 1527-05 and/or the federal “All Appropriate Inquiries” Rule found at
40 C.F.R. Part 312.

     “Phase I Environmental and Hazardous Materials Assessment” has the meaning set forth
in Section 6.15 of this Agreement.

     “Phase II Environmental Assessment” means an environmental investigation, including
but not limited to invasive sampling and chemical analyses, that further evaluates previously
identified Recognized Environmental Conditions (“RECs”), including historic RECs.

     “Potential Employees” has the meaning set forth in Section 6.7(a) of this
Agreement.

     “Pre-Closing Balance Sheet” means an unaudited balance sheet listing the assets and
liabilities of the Branches (as of the last day of the immediately preceding month end prior to the
Closing Date) prepared in accordance with generally accepted accounting principles applied on a
basis consistent with prior periods to be prepared by Seller and delivered to Buyer on or before
the fifth (5th) Business Day prior to the Closing Date.

     “Pre-Closing Environmental Liability” has the meaning set forth in Section
2.1(d)(ii) of this Agreement.

     “Pre-Closing Event Liability” means, with reference to any item and whether or not any
of the acts, omissions, circumstances, events, violations, breaches or other matters described in
the following clauses are now or hereafter known, all obligations and Liabilities arising out of or
relating to (i) any breach of or noncompliance with any Contract to the extent such breach or
noncompliance arises out of any act, omission, circumstance or event attributable to the period

12

 

prior to the Effective Time, (ii) any Proceeding to the extent such Proceeding arises out of
any act, omission, circumstance or event attributable to the period prior to the Effective Time,
(iii) any violation of or noncompliance with any Applicable Law to the extent such violation or
noncompliance arises out of any act, omission, circumstance or event attributable to the period
prior to the Effective Time, (iv) any fraudulent or criminal activity or conduct or other wrong
doing on the part of Seller or any of its employees or agents at any time on or prior to the
Effective Time (or, in the case of a Retained Employee, at any time prior to the time such Retained
Employee shall become an employee of Buyer), (v) any violation of any express policy or standard
(including any underwriting standard) of Seller with respect to the origination, renewal, waiver,
forbearance, extension, renewal, amendment, modification of, or release of any collateral or
guaranty collateralizing or guarantying, any Loan, (vi) any data or security breach or other
misappropriation of customer data or information attributable to any period prior to the Effective
Time, and (vii) Seller Taxes.

     “Pre-Closing Tax Period” means a taxable period or portion thereof that ends on or
prior to the Closing Date; if a taxable period is a Straddle Period, then the portion of the
Straddle Period that ends on and includes the Closing Date shall constitute the Pre-Closing Tax
Period.

     “Proceeding” means any action, arbitration, audit, proceeding, oversight,
investigation, litigation, or suit (whether civil, criminal, administrative, investigative, or
informal) commenced brought, conducted, or heard (or capable of being heard) by or before, or
otherwise involving, any Governmental Body or arbitrator, involving the Branches, the Acquired
Assets or the Assumed Liabilities.

     “Real Estate Interests” means the Owned Real Property and the Leased Real Property.

     “Reclaimed Amount” has the meaning set forth in Section 7.2(c) of this
Agreement.

     “Recognized Environmental Condition” or “REC” has the meaning set forth in
ASTM E 1527-05 Section 3.2.74.

     “Regulatory Approvals” means the following approvals required to consummate the
Acquisition: the approval of the OCC, the United States Department of Justice, the Division of
Banking of Illinois Department of Financial & Professional Regulation, and the Missouri Division of
Finance.

     “Rejected Branch” means any Branch that Buyer has excluded from the Acquisition as
contemplated by, and pursuant to, Section 6.12 (which relates to Landlord Consents),
Section 6.13 (which relates to title insurance and land surveys), Section 6.15
(which relates to environmental liabilities) or Section 6.21 (which relates to the
Naperville Branch) of this Agreement.

     “Rejected Branch Deposits” means, collectively, all Deposits of the Rejected Branches.

     “Retained Employees” has the meaning set forth in Section 6.7(b) of this
Agreement.

     “Safe Deposit Business” means the maintenance of all necessary facilities for the use
of safe deposit boxes by the renters thereof, subject to the provisions of the applicable leases or

13

 

other agreements relating to such boxes, and the safekeeping of items maintained by the
Acquired Branches for the benefit of its customers, pursuant to applicable safekeeping agreements,
memoranda or receipts.

     “Safe Deposit Contracts” means all customer agreements, leases, and maintenance
agreements related to the Safe Deposit Business.

     “SBA” means the United States Small Business Administration.

     “SBA Consent” means all consents necessary to transfer to Buyer the SBA Loans.

     “SBA Loan” means any Loan that is guaranteed by the SBA or otherwise made pursuant to
the small business loan program of, or administered by, the SBA.

     “Select Remote Employees” means those employees of Seller listed on Schedule 1.2
hereto.

     “Seller” has the meaning set forth in the preface above.

     “Seller Documents” means this Agreement and each other agreement, instrument or
document entered into by Seller pursuant to this Agreement.

     “Seller Indemnitees” has the meaning set forth in Section 11.3 of this
Agreement.

     “Seller Material Adverse Effect” means, with respect to Seller, any condition, event,
change or occurrence that, individually or collectively, is reasonably likely to have a material
adverse effect upon (i) the condition, financial or otherwise, properties, business, assets,
deposits, earnings or results of operations or cash flows of the Branches, the Acquired Assets or
the Assumed Liabilities, or (ii) the ability of Seller to perform its obligations under, or to
consummate the transactions contemplated by, this Agreement.

     “Seller Taxes” has the meaning set forth in Section 2.1(d)(i) of this
Agreement.

     “SNDAs” has the meaning set forth in Section 6.19 of this Agreement.

     “Special Acceptance Notice” has the meaning set forth in Section 6.18 of this
Agreement.

     “Straddle Period” means any taxable period beginning on or prior to and ending after
the Closing Date.

     “Subpoenas” has the meaning set forth in Section 7.12 of this Agreement.

     “Supplemental Closing” has the meaning set forth in Section 2.5(c) of this
Agreement.

     “Supplemental Closing Date” has the meaning set forth in Section 2.5(c) of
this Agreement.

     “Taxes” has the meaning set forth in Section 4.4(f) of this Agreement.

14

 

     “Tax Claim” has the meaning set forth in Section 11.5(d) of this Agreement.

     “Tax Returns” has the meaning set forth in Section 4.4(f) of this Agreement.

     “Tenant Leases” has the meaning set forth in Section 4.11(a) of this
Agreement.

     “Third Party Claims” means any and all Losses which arise out of or result from (a)
any claims or actions asserted against an Indemnitee by any Person not a party to this Agreement,
(b) any rights of any Person not a party hereto asserted against an Indemnitee, or (c) any
Liabilities of, or amounts payable by, an Indemnitee to any Person not a party hereto arising out
of clause (a) or (b), including, without limitation, claims or actions asserted against an
Indemnitee by any taxing authority on account of Taxes.

     “Transfer Taxes” has the meaning set forth in Section 2.4(f) of this
Agreement.

     “Transferred Records” has the meaning set forth in Section 7.6(a) of this
Agreement.

ARTICLE 2

PURCHASE AND SALE

     2.1 The Acquisition.

     (a) The Acquired Assets. As of the Effective Time, upon the terms and
conditions set forth herein, Seller will sell, assign, transfer, convey and deliver to
Buyer, and Buyer shall purchase from Seller, all of Seller’s rights, title and interests in,
to and under all of the following loans, properties, contracts and other assets, whether now
existing or hereafter acquired, free and clear of all Encumbrances other than the Permitted
Encumbrances (collectively, the “Acquired Assets”):

     (i) all cash on hand (including all ATM cash, petty cash and teller cash), cash
held in the vaults and other cash items or cash equivalents, in each case held at
the Branches as of the Closing Date;

     (ii) except for those items that constitute Excluded Tangible Personal
Property, all of the tangible personal property of Seller located in or at, or
affixed to the premises of, the Acquired Branches, including trade fixtures,
shelving, furniture, on-premises ATMs, equipment (including all televisions,
Bloomberg terminals, cell phones and PDAs used by the Retained Employees), security
systems, safe deposit boxes (exclusive of contents), vaults, copier paper, all signs
(including signs with Seller’s name or logo but excluding all logo boxes and channel
letter sets) and sign framing, structures, posts and other signage infrastructure,
and all non-logo office supplies (collectively, the “Acquired Tangible Personal
Property”);

     (iii) lists of borrowers, depositors and other customers of the Branches to the
extent relating to any Acquired Asset or Assumed Liability, lists of prospective
customers of the Branches, and any other information (including
confidential information) of Seller relating to the Branches that is necessary
for

15

 

Buyer to possess in connection with its administration, ownership and use of any
Acquired Asset or Assumed Liability (the “Acquired Intellectual Property”);

     (iv) all Acquired Owned Real Property;

     (v) all Leases other than the Excluded Leases, if any (the “Acquired
Leases”), together with all Leased Real Properties other than the Excluded
Leased Real Properties, if any (the “Acquired Leased Real Properties”);

     (vi) all Leasehold Improvements in respect of all Leases other than the
Excluded Leases (the “Acquired Leasehold Improvements”);

     (vii) all (A) Safe Deposit Contracts, and (B) (1) all equipment leases relating
to the lease of equipment located at the Acquired Branches and related maintenance
agreements, and (2) all other contracts, in each case as to subclause (1) and (2) of
this clause (vii) solely to the extent listed on Schedule 2.1(a)(vii)(B)
attached hereto other than any such equipment leases and other contracts that Buyer
has elected to remove from such Schedule 2.1(a)(vii)(B) by giving written
notice of such election to Seller not later than thirty (30) days following the date
hereof, in which case such Schedule delivered on the date hereof, as so modified by
such election notice, shall be deemed to constitute Schedule 2.1(a)(vii)(B)
for all purposes of this Agreement (the leases and contracts listed on Schedule
2.1(a)(vii)(B), collectively, the “Acquired Contracts”);

     (viii) all Loans and servicing rights with respect thereto, including (A) all
(1) collateral pledged as collateral security therefor, (2) guaranties and other
instruments of credit support issued in favor of the Seller as a guaranty or credit
support thereof and (3) monies held by Seller in escrow for taxes, insurances,
special assessments or other purposes in respect of such Loans, and (B) all related
loan documents and instruments and promissory notes, collateral documents, guaranty
and other credit support instruments or agreements and other documents evidencing,
governing or in respect of such Loans;

     (ix) all rights of Seller relating to pre-paid expenses associated with the
foregoing Acquired Assets or any of the Deposits, including an appropriately
pro-rated portion of any pre-paid FDIC deposit insurance assessment, as contemplated
by Section 2.4 hereof; and

     (x) without limiting any other provision contained in this Section
2.1(a), all Books and Records relating to any of the foregoing Acquired Assets
or any of the Assumed Liabilities.

     (b) The Excluded Assets. Seller shall not sell and transfer and shall retain,
and Buyer shall not purchase or acquire, all of the following assets and properties of
Seller, as follows (collectively, the “Excluded Assets”):

     (i) all (A) paper stock, forms and other supplies containing any logos, trade
name, trademark or service mark, if any, of Seller, other than all signage,

16

 

(B) desk
top and lap top computers, computer monitors and computer servers of Seller, and (C)
the specific items of tangible personal property in or at, or affixed to the
premises of, the Branches listed on Schedule 2.1(b)(i) hereof (all such
items, as the same may be adjusted for inclusion in the Acquired Assets pursuant to
Section 6.22 hereof, collectively, the “Excluded Tangible Personal
Property”);

     (ii) except for the Acquired Intellectual Property, all of Seller’s computer
software programs, trade secrets, registered or common law trademarks or trade
names, corporate logos and other intellectual property rights, including the name
“First Bank” (collectively, the “Excluded Intellectual Property”);

     (iii) the (A) Excluded Owned Real Property, if any, and (B) the Excluded
Leases, if any, together with the Excluded Leased Real Properties in respect
thereof;

     (iv) all loans, loan participation interests, Commitments, overdrafts and
similar items of the Branches, other than the Loans (the “Excluded Loans”);

     (v) all of Seller’s right to recover assets charged off by Seller prior to the
Closing;

     (vi) all items of real estate that are classified as “other real estate owned”
of the Branches on the books and records of Seller;

     (vii) Seller’s credit card portfolio;

     (viii) foreclosed or repossessed personal property of customers of the
Branches, except to the extent any thereof shall constitute collateral for the
Loans;

     (ix) all assets, Contracts (including Safe Deposit Contracts) and properties of
Seller in respect of the Rejected Branches (other than (A) the Books and Records
relating to the Loans and Deposits of such Rejected Branches, (B) the Loans (and
other items contemplated by Section 2.1(a)(viii)) of such Rejected Branches,
and (C) the cash and other cash items of the Branches included in the Acquired
Assets pursuant to Section 2.1(a)(i) hereof);

     (x) all assets, rights and interests of Seller relating to the Branches in
respect of Fiduciary Relationships, except for the Deposits in respect of IRAs and
Keogh Accounts included in the Acquired Assets or Assumed Liabilities as
contemplated by Section 6.20 hereof;

     (xi) records of Seller not included in the Acquired Assets or that are
otherwise not required to be delivered to Buyer pursuant to any other provision of
this Agreement; and

     (xii) any other assets or properties of Seller not included in the Acquired
Assets, including all Non-Divested Branches of Seller.

17

 

     (c) The Assumed Liabilities. Subject to the terms and conditions hereof, from
and after the Effective Time, Seller will transfer to Buyer, and Buyer shall assume, pay,
perform and discharge and indemnify Seller in accordance with Article 11 hereof with
respect to, the following (and only the following) obligations and liabilities of Seller to
the extent required to be paid, performed, satisfied or discharged from and after the
Effective Time (collectively, the “Assumed Liabilities”):

     (i) all of Seller’s obligations and liabilities with respect to the Acquired
Contracts and the Acquired Leases, other than any Pre-Closing Event Liability
relating to or in respect of such Acquired Contracts or Acquired Leases;

     (ii) all of Seller’s obligations and liabilities with respect to the Deposits,
other than any Pre-Closing Event Liability relating to or in respect of such
Deposits;

     (iii) all of Seller’s obligations and liabilities with respect to the
Commitments, other than any Pre-Closing Event Liability relating to or in respect of
such Commitments; and

     (iv) in the event that the Phase I Environmental and Hazardous Materials
Assessment or Phase II Environmental Assessment with respect to a single Branch
confirms the existence of a condition in violation of applicable Environmental Laws,
the presence of asbestos, or the presence of any other Hazardous Materials in excess
of industrial/commercial remediation standards and such condition was not disclosed
or identified on Schedule 4.9(a) or 4.9(g) or in the documents (or
attachments to the documents) referenced on Schedule 4.9(a) or
4.9(g), the remediation costs of up to $25,000 for all Real Estate Interests
relating to such single Branch, as contemplated by Section 6.15 hereof.

     (d) The Excluded Liabilities. Notwithstanding anything to the contrary
contained in this Agreement, Buyer shall not assume or be bound by any duties,
responsibilities, obligations or Liabilities of Seller relating to Seller or arising out of
the Acquired Assets, the Excluded Assets, the Deposits or the Branches, of any kind or
nature and whether known, unknown, contingent or otherwise, other than the Assumed
Liabilities (all such duties, responsibilities, obligations and Liabilities, other than the
Assumed Liabilities, the “Excluded Liabilities”), including the following:

     (i) any (A) Taxes imposed on Seller for any period, (B) Taxes imposed with
respect to the Acquired Assets or the Deposits, or the operation of the Acquired
Branches, for any Pre-Closing Tax Period, (C) Transfer Taxes to the extent of the
amount allocated to Seller pursuant to Section 2.4(f) hereof, and (D) Taxes
imposed on Buyer or any of its Affiliates as a successor or transferee of Seller
(collectively, the “Seller Taxes”);

     (ii) subject to the provisions of Section 2.1(c)(iv) and Section
11.4(d) hereof, all Liabilities (A) imposed on Buyer with respect to or in
respect of the Real Estate Interests arising under any Environmental Law to the
extent arising

18

 

out of or relating to any release, violation of Applicable Law,
event, condition, action, omission or other circumstance attributable to any period
on or prior to the Closing Date, including any claims, penalties, remediation costs,
Liabilities arising from the emission, discharge release or disposal of any
Hazardous Materials into the air, ground or water or the presence of any Hazardous
Materials on, at or in any Branches or any real property included in the Acquired
Assets, and (B) without limiting the provisions of clause (A) above, all Liabilities
imposed on Buyer with respect to or in respect of the Real Estate Interests arising
out of any underground storage tank located in, or asbestos located in any building
upon, any Real Estate Interests at anytime on or prior to the Closing Date, whether
or not such Liability shall arise prior to or after the Closing Date, including,
without limitation, in the case of each of clause (A) and clause (B), all such
Liabilities arising out of any environmental event or condition disclosed on
Schedules 4.9(a) and 4.9(g) hereof or in the documents (or the
attachments to the documents) referenced on Schedules 4.9(a) and
4.9(g) hereof; provided, however, that (1) Seller shall not
be responsible for any Liabilities under this clause (ii) arising under any
Environmental Law to the extent such Liabilities are caused by (X) Buyer’s changed
use of any Real Estate Interests following the Closing Date, (Y) changes made by
Buyer to any structures on any Real Estate Interest following the Closing Date, or
(Z) exacerbation of any underlying condition by the acts or omissions of Buyer
following the Closing Date (and all environmental Liabilities for which Seller shall
be responsible to the extent provided in this Section 2.1(d)(ii) are
referred to herein as, collectively, the “Pre-Closing Environmental
Liabilities”), and (2) Seller’s obligation to indemnify Buyer for the Excluded
Liabilities described in this clause (ii) shall survive for a period of only eight
(8) years following the Closing Date as provided in Section 11.1 hereof;

     (iii) all Liabilities arising out of or relating to the employment by Seller of
any employee, including any former employee and any Retained Employee, including all
salary, bonus, change of control and other obligations arising under or out of any
employment agreement between Seller (or any Affiliate thereof) and any such employee
(including any Retained Employee);

     (iv) all Liabilities arising out of or relating to all employee benefit plans,
agreements or arrangements, as described in Section 4.5 hereof, of or
maintained by Seller or at anytime as to which Seller contributed or had any
Liability;

     (v) all account, trade and note payables of Seller with respect to the
Branches; and

     (vi) all Liabilities arising out of the ownership or operation of the Branches
or their respective business or properties or assets (including the
Acquired Assets and Deposits) on or prior to the Closing Date, including the
Liabilities arising out of the Proceedings listed on Schedule 4.7(a) hereof.

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     2.2 Consideration for the Acquisition.

     (a) In consideration for the Acquisition, Seller shall make available and transfer to
Buyer, or Buyer shall make available and transfer to Seller, the Payment Amount in
accordance with this Section 2.2. The “Payment Amount” means an amount
equal to the sum of the aggregate balance of all the Deposits (as set forth on the
Acquisition Closing Date Balance Sheet) including interest posted or accrued with respect to
the Deposits as of the close of business on the Closing Date, less an amount equal to the
sum of:

     (i) A premium for the Deposits and franchise value relating to the Branches
equal to 3.5% of the average Deposit balances of the Branches for the thirty (30)
calendar days immediately preceding and including the Closing Date;
provided, however, that (A) Non-Core Deposits (to the extent
included in the Deposits), and (B) all Rejected Branch Deposits shall, in each case,
be excluded from such Deposits for purposes of the calculation of average Deposit
balances;

     (ii) The amount held as cash and cash items of the Branches as reflected on the
Acquisition Closing Date Balance Sheet;

     (iii) The Book Value of all Loans, including accrued interest as reflected on
the Acquisition Closing Date Balance Sheet;

     (iv) The Book Value of Acquired Owned Real Property;

     (v) The Book Value of the Acquired Tangible Personal Property and Leasehold
Improvements as reflected on the Acquisition Closing Date Balance Sheet; and

     (vi) Buyer’s share of the pro rata adjustment of items required pursuant to
Section 2.4.

     (b) On the Closing Date, (i) Seller shall deliver to Buyer an amount estimated to be
the Payment Amount, calculated as set forth in clause (a) of this Section 2.2 off of
the balances reflected on the Acquisition Pre-Closing Balance Sheet (the “Estimated
Payment Amount”) if the Estimated Payment Amount is a positive number, and (ii) Buyer
shall deliver to Seller the absolute value of the Estimated Payment Amount if the Estimated
Payment Amount is a negative number. The Estimated Payment Amount shall be set forth in a
statement prepared as of the date of the Acquisition Pre-Closing Balance Sheet and delivered
to Buyer at least two (2) Business Days prior to the Closing Date (such statement, the
“Estimated Payment Amount Statement”).

     (c) Within ten (10) Business Days following the Closing Date, Seller shall prepare and
deliver to Buyer the Acquisition Closing Date Balance Sheet, together with a statement
prepared as of the close of business on the Closing Date showing the Payment
Amount and reconciling the Payment Amount to the Estimated Payment Amount (such
statement, the “Final Payment Amount Statement”). Within twenty (20) Business Days
after receipt of delivery of the Acquisition Closing Date Balance Sheet and the Final
Payment Amount Statement, Buyer may dispute all or any portion of the Acquisition Closing
Date Balance Sheet and the Final Payment Amount Statement by giving written

20

 

notice (a
“Notice of Disagreement”) to Seller setting forth in reasonable detail the basis for
any such dispute (a “Disagreement”). Seller shall provide Buyer and its designees
with full reasonable access, during normal business hours, to relevant books, records, work
papers, personnel and representatives of Seller and such other information as Buyer may
reasonably request in connection with its review of the Acquisition Closing Date Balance
Sheet and the Final Payment Amount Statement and with respect to the resolution of any
Disagreement. The Parties shall promptly commence good faith negotiations with a view to
resolving all such Disagreements. Subject to Sections 2.5(e) and 2.5(f), if
Buyer does not give a Notice of Disagreement within the twenty (20) Business Day period set
forth above, Buyer shall be deemed to have irrevocably accepted such Acquisition Closing
Date Balance Sheet and the Final Payment Amount Statement in the form delivered to Buyer by
Seller. Seller shall be deemed to have irrevocably accepted the Acquisition Closing Date
Balance Sheet and the Final Payment Amount Statement as modified by and disclosed in Buyer’s
Notice of Disagreement if Seller does not dispute all or any portion of such Notice of
Disagreement by giving its written response to Buyer within ten (10) Business Days following
the delivery of such Notice of Disagreement setting forth in reasonable detail the basis for
its dispute.

     (d) In the event that a dispute arises as to the appropriate amounts to be paid to
either Party pursuant to the Acquisition Closing Date Balance Sheet and the Final Payment
Amount Statement discussed in subsection (c), each Party shall pay to the other all amounts
other than those as to which a dispute exists. The Parties shall refer the disputed amounts
to an independent firm of certified public accountants of national standing (an
“Accountant”) reasonably acceptable to Buyer and Seller, and Buyer and Seller agree
to be bound by the determination of such firm with respect to such disputed matters (absent
manifest error). Buyer and Seller shall agree upon an Accountant within fourteen (14)
calendar days after the date on which either Buyer or Seller notifies the other in writing
that the referral of a disputed matter within the scope of this Section 2.2(d) is
necessary. If Buyer and Seller shall fail to agree on an Accountant within such fourteen
(14) day period, then Buyer and Seller shall each choose an accountant who will mutually
select a third qualifying accountant who shall be the Accountant for purposes of this
Section 2.2(d). Buyer and Seller agree to share equally the fees and charges of the
Accountant appointed hereunder for its services in resolving disputes within the scope of
this Section 2.2(d).

     (e) The provisions of Section 2.2(d) are not intended to and shall not be
interpreted to require that the Parties refer to an Accountant (a) any dispute arising out
of a breach by one of the Parties of its obligations under this Agreement, (b) any dispute
the resolution of which requires a construction or interpretation of this Agreement other
than this Section 2.2 and the definitions related hereto and any other Section of
this Agreement as necessary to enable the Accountant to resolve the dispute submitted to it
pursuant to this Section 2.2, or (c) any other dispute other than (in the case of
this clause (e)) a
dispute related to the mathematical calculation of the Payment Amount or the accounting
treatment of any asset or liability, or item of income or expense, that affects the
calculation of the Payment Amount, or both. The Parties reserve all rights and remedies,
including at law or in equity, to resolve disputes other than those within the scope of
Section 2.2(d).

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     (f) Any disputed amounts retained by a Party that are later found to be due to the
other Party shall be paid to such other Party promptly upon resolution with interest thereon
from the Closing Date to the date paid at the applicable Federal Funds Rate.

     2.3 Allocation.

     (a) No later than thirty (30) calendar days after the determination of the Acquisition
Closing Date Balance Sheet and the Final Payment Amount Statement (including the final
resolution of any dispute related thereto pursuant to Section 2.2(d)), Buyer shall
prepare and deliver to Seller a draft of a statement (the “Draft Allocation
Statement”) setting forth the allocation of the total consideration paid by Seller to
Buyer pursuant to this Agreement among the assets acquired pursuant to this Agreement for
purposes of, and in accordance with, Section 1060 of the Code. If, within forty-five (45)
calendar days of the receipt of the Draft Allocation Statement, Seller shall not have
objected in writing to such draft, the Draft Allocation Statement shall become the Final
Allocation Statement, as defined below. If Seller objects to the Draft Allocation Statement
in writing within such 45-day period, Seller and Buyer shall negotiate in good faith to
resolve any disputed items. If, within ninety (90) calendar days after the receipt of the
Draft Allocation Statement, Seller and Buyer fail to agree on such allocation, any disputed
aspects of such allocation shall be resolved by an Accountant in accordance with the
procedures set forth in Section 2.2(d). The allocation of the total consideration,
as agreed upon by Seller and Buyer (as a result of either Seller’s failure to object to the
Draft Allocation Statement or of good faith negotiations between Seller and Buyer) or
determined by the Accountant (the “Final Allocation Statement”) shall be final and
binding upon the parties hereto. If there is any adjustment to the consideration paid by
Seller to Buyer pursuant to this Agreement for purposes of Section 1060 of the Code, any
such adjustment shall be allocated, to the extent possible, to the asset(s) resulting in
such adjustment, and Buyer shall prepare a revised Draft Allocation Statement reflecting
such adjustment which shall, subject to the review and dispute resolution provisions set
forth in this Section 2.3(a), replace the Final Allocation Statement. Each of
Seller and Buyer shall bear all fees and costs incurred by it in connection with the
determination of the allocation of the total consideration, except that the Parties shall
each pay one-half (50%) of the fees and expenses of the Accountant retained to resolve any
disputed aspects of the allocation prepared pursuant to this Section 2.3(a).

     (b) Seller and Buyer shall report the transaction contemplated by this Agreement for
federal and other applicable income Tax purposes (including income Tax reporting
requirements imposed pursuant to Section 1060 of the Code) in accordance with the allocation
specified in the Final Allocation Statement (including any adjustment thereof). Each of
Seller and Buyer agree to timely file, or cause to be timely filed, IRS Form 8594 (and any
comparable form under state or local Tax law and including any
amendment thereto) and any required attachment thereto in accordance with the Final
Allocation Statement and provide the other Party with a copy of each such form as filed no
later than ten (10) calendar days following the filing thereof. Except as otherwise
required pursuant to a “determination” under Section 1313 of the Code (or any comparable
provision of state or local Tax law), neither Seller nor Buyer shall take, or shall permit
its Affiliates to take, a Tax position which is inconsistent with the Final

22

 

Allocation
Statement (including any adjustment thereof). In the event any Party receives notice of an
audit in respect of the allocation of the consideration paid for the Acquired Assets, such
Party shall promptly notify the other Party in writing as to the date and subject of such
audit.

     2.4 Pro Rata Adjustment and Reimbursement.

     (a) Unless otherwise provided herein, it is the intention of the Parties that Seller
will operate the Branches for its own account until the Effective Time and that Buyer shall
operate and hold the Acquired Assets and assume the Assumed Liabilities for its own account
after the Effective Time. Thus, except as otherwise specifically provided herein, items of
proration and other adjustments shall be prorated as of the Effective Time and settled
between Seller and Buyer as contemplated by Section 2.2 hereof whether or not such
adjustment would normally be made as of such time; provided, however, that
items of proration and other adjustments allocated to Buyer shall be allocated to Buyer
solely to the extent such items shall apply to the Acquired Assets or the Deposits. Items
of proration and adjustment will be handled at Closing as an adjustment to the amount of
funds to be delivered by Seller to Buyer, or Buyer to Seller, as appropriate, as
contemplated by Section 2.2 hereof.

     (b) For purposes of this Agreement, items of proration and other adjustments with
respect to the Acquired Assets and the Deposits shall include, without limitation: (i)
personal and general real property taxes; (ii) FDIC deposit insurance assessments and
prepayments; (iii) safe deposit rental payments; (iv) rent for any Acquired Leased Real
Property, and (v) other prepaid expenses and items (including security deposits), if any, as
of the Effective time on the Closing Date. To the extent that the amount of the foregoing
items is not known on the Closing Date, such proration shall be based on the amount of such
items for the prior month or year, as appropriate; provided, however, the
Parties shall apportion all general real estate taxes as provided in paragraph (c) below.

     (c) Buyer and Seller shall apportion pro rata all general real estate taxes (state,
county, municipal, school and fire district) paid or payable in connection with the Acquired
Owned Real Property and any special taxes or assessments, if any, upon the Acquired Owned
Real Property assessed or becoming a lien in accordance with Section 2.4(e) hereof.
Such apportionment shall be based upon the fiscal year for which the same are assessed. In
the event that the applicable Tax bill, or other information reasonably necessary for
computing any such apportionment, is not available on the Closing Date, the apportionment
shall be made at Closing on the basis of the prior period’s general real estate taxes, and
such apportionment shall thereafter be reconciled based on the final Tax bill as set forth
in the remaining provisions of this clause (c). Within thirty (30) days after receipt by
the Parties of the applicable final Tax bill or other information reasonably
necessary for computing such apportionment, Buyer and Seller shall apportion the actual
general real estate taxes and, if either Party paid more than its proper share thereof at
Closing, the other Party shall within seven (7) Business Days after written request
therefore reimburse such Party for the amount so expended.

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     (d) Notwithstanding anything to the contrary, to the extent that the FDIC imposes an
assessment (special or otherwise) after the Closing Date, which assessment is applicable to
deposits that were attributable to the Deposits prior to the Closing Date, then such
assessment shall be appropriately apportioned between Seller and Buyer after the Closing
Date within five (5) Business Days after payment of such assessment.

     (e) For purposes of this Agreement, in the case of any Straddle Period, (1) general
real estate taxes for the Pre-Closing Tax Period shall be equal to the amount of such
general real estate taxes for the entire Straddle Period multiplied by a fraction, the
numerator of which is the number of days during the Straddle Period that are in the
Pre-Closing Tax Period and the denominator of which is the number of days in the entire
Straddle Period, and (2) Taxes (other than general real estate taxes) for the Pre-Closing
Tax Period shall be computed as if such taxable period ended as of the end of the Closing
Date.

     (f) Notwithstanding anything to the contrary contained in the foregoing provisions of
this Section 2.4 or otherwise contained in this Agreement, all excise, sales, use,
transfer, recording and similar Taxes that are payable or that arise as a result of the
consummation of the purchase and sale contemplated by this Agreement (collectively, the
“Transfer Taxes”) shall be borne and, when due, paid one-half by Seller and one-half
by Buyer, whether such Transfer Taxes are imposed on Seller or Buyer.

     2.5 Closing.

     (a) The closing of the Acquisition (the “Closing”) shall occur by facsimile or
PDF, or in person at a mutually convenient location, or by such other method as shall be
mutually agreed to by the Parties, and any Closing documents delivered by facsimile or PDF
at the Closing shall be delivered in original execution form by the Parties by overnight
courier promptly following the Closing. Any executed Closing documents sent by a Party or
its counsel to the other Party or its counsel prior to Closing shall be held in escrow by
such other Party or its counsel until such executed documents are authorized to be released
by a senior officer of the sending Party or by the sending Party counsel. The Closing shall
occur on such date on which the Parties mutually agree but in any event not later than three
(3) Business Days after all conditions precedent to Closing as set forth in Sections
8.1 and 8.2 shall have been satisfied or waived; provided,
however, that unless the Parties shall have otherwise mutually agreed, in no event
shall the Closing occur prior to the latest of (i) ninety (90) days after the date of this
Agreement, (ii) forty-five (45) days after the date on which all Regulatory Approvals shall
have been obtained, and (iii) February 12, 2010 (the date on which the Closing shall have
occurred, the “Closing Date”).

     (b) The effective time of the consummation of the Acquisition (the “Effective
Time”) shall be at a mutually agreeable time after the close of business for the
Branches on the Closing Date.

     (c) Promptly after the Closing Date Balance Sheet and the Final Payment Amount
Statement have been finally determined in accordance with Section 2.2(c), but in

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no
event later than five (5) Business Days following such final determination (the
“Supplemental Closing Date”), the parties hereto shall hold a supplemental closing
(the “Supplemental Closing”), either by telephone, or in person at a mutually
convenient location. On the Supplemental Closing Date, if the Payment Amount is less than
the Estimated Payment Amount, Buyer shall refund to Seller cash having an aggregate value
equal to the difference between the Estimated Payment Amount and the Payment Amount by wire
transfer or other immediately available funds. On the Supplemental Closing Date, if the
Payment Amount is more than the Estimated Payment Amount, Seller shall deliver to Buyer, by
wire transfer or other immediately available funds, an amount equal to the difference
between the Payment Amount and the Estimated Payment Amount.

     (d) The post-closing settlement payment shall not bear interest.

     (e) In the event any bookkeeping omissions or errors are discovered in preparing the
Acquisition Closing Date Balance Sheet for the Branches or in completing the transfer and
assumptions contemplated hereby, the Parties agree to correct such errors and omissions, it
being understood that no adjustments will be made that are inconsistent with the judgments,
methods, policies, or accounting principles utilized by Seller in preparing and maintaining
the accounting records of the Branches.

     (f) In the event that Buyer or Seller discovers any errors or omissions as contemplated
by Section 2.5(e) above or any error with respect to the payments made under
Section 2.5(c) above not later than six (6) months following the Supplemental
Closing Date, Buyer and Seller agree to promptly correct any such error or omission, make
any payments and effect any transfers or assumptions as may be necessary to reflect any such
correction; provided, that interest shall not be paid with respect to any such
payments.

     2.6 Repurchase of Non-Conforming Loans. If at any time on or prior to the Cut-Off Date Buyer shall have discovered a Non-Conforming
Loan, Buyer may deliver written notice thereof to Seller not later than the Cut-Off Date (any such
notice, a “Non-Conforming Loan Notice”), which notice shall include (i) such documentation
as is reasonably available to Buyer in support of its discovery, and (ii) a statement of the then
current Par Value of such Non-Conforming Loan. If Buyer shall have given a Non-Conforming Loan
Notice on or prior to the Cut-Off Date, Buyer shall have the right to cause Seller to purchase, and
Seller shall purchase from Buyer, such Non-Conforming Loan at the Par Value thereof as of the
Non-Conforming Loan Closing Date (as defined below); provided that Buyer shall have
represented to Seller as of the Non-Conforming Loan Closing Date that Seller owns such
Non-Conforming Loan as of such date. The closing of the purchase of the Non-Conforming Loan shall
occur on a date specified in the applicable Non-Conforming Loan
Notice, but in no event earlier than three (3) Business Days following Seller’s receipt of
such Non-Conforming Loan Notice (the date of such closing, the “Non-Conforming Loan Closing
Date”). At the closing of the purchase and sale of the Non-Conforming Loan that is the subject
of any Non-Conforming Loan Notice, Buyer and Seller shall enter into such standard loan transfer
documents customary for a loan transfer of this type and without recourse to Buyer, and the
purchase price payable by Seller to Buyer on the applicable Non-Conforming Loan
Closing Date shall
be paid by wire transfer of immediately available funds to the account of Buyer specified by it in
writing to Seller. On the Non-Conforming Loan

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Closing Date in respect of a Non-Conforming Loan,
Buyer shall deliver to Seller all loan documents relating to such Non-Conforming Loan, subject to
Buyer’s retention obligations under applicable directions from law enforcement authorities. The
rights of Buyer hereunder shall be in addition to (but not in duplication of) any rights of Buyer
under Article 11 hereunder, and nothing contained in this Section 2.6 shall be
deemed to imply that a Non-Conforming Loan does not constitute an “Excluded Loan” for all purposes
of this Agreement. Any Non-Conforming Loan purchased by Seller under this Section 2.6
shall be treated as an adjustment to the purchase price paid by Buyer under this Agreement.
Notwithstanding anything to the contrary contained herein, Buyer shall have the right, without the
consent of Seller, to assign and delegate Buyer’s rights and obligations under this Section
2.6 to any Person to whom Buyer shall have sold or otherwise transferred a Non-Conforming Loan;
provided that not later than five (5) Business Days following such assignment and
delegation Buyer shall give written notice thereof to Seller. The Parties agree that Buyer shall
be entitled to specific performance of the obligations of Seller under this Section 2.6 to
the fullest extent permitted by applicable law.

ARTICLE 3

REPRESENTATIONS AND WARRANTIES OF SELLER

     Seller represents and warrants to Buyer that the statements contained in this Article
3 are correct and complete as of the date of this Agreement and will be correct and complete as
of the Closing Date (as though made then as though the Closing Date were substituted for the date
of this Agreement throughout this Article 3).

     3.1 Organization, Qualification, and Corporate Power. Seller is a Missouri state
chartered bank duly organized and validly existing under the laws of Missouri, with full corporate
power and authority to conduct its business as now being conducted and to own or use the properties
and assets that it purports to own or use.

     3.2 Authorization of Transaction. Seller has the full corporate power and authority to
execute and deliver this Agreement and the other Seller Documents. Subject to approval by any
necessary federal or state banking regulatory authority, Seller has the corporate power and
authority to perform Seller’s obligations hereunder and under the other Seller Documents, and to
consummate the transactions contemplated hereby and thereby. Each of this Agreement, and when
executed and delivered, each of the other Seller Documents, constitutes the valid and legally
binding obligation of Seller, enforceable in accordance with its terms and conditions, subject to
bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship and similar laws
relating to the rights and remedies of creditors, as well as to general principles of equity.
Except for the Regulatory Approvals, the Landlord Consents and such other Consents as are listed on
Schedule 3.2, Seller is not required to give any notice to, make any filing with, or
obtain any authorization or Consent of any third party in order to execute and deliver this
Agreement or consummate the Acquisition, including sale, transfer and assignment of the Acquired
Assets and the Assumed Liabilities. Seller has not received any indication from any federal or
state governmental agency or authority that such agency would oppose or refuse to grant a
Regulatory Approval, and to Seller’s Knowledge, there exists no fact or circumstance that would
prevent or delay Seller’s ability to obtain promptly all Regulatory Approvals.

26

 

     3.3 Noncontravention. Subject to the required Consents described in Section
3.2 and the Landlord Consents, neither the execution and the delivery of this Agreement by
Seller, nor the consummation of the Acquisition by Seller will, directly or indirectly:

     (a) Contravene, conflict with, or result in a violation of (i) any provision of the
articles of incorporation or bylaws of Seller or (ii) any resolution adopted by the board of
directors of Seller;

     (b) Contravene, conflict with, or result in a violation of, or give any Governmental
Body or other Person the right to challenge the Acquisition or to exercise any remedy or
obtain any relief under, any Applicable Law or any Order to which Seller, or any of the
assets or deposits owned or used by Seller, may be subject;

     (c) Except for matters which would not have a Seller Material Adverse Effect,
contravene, conflict with, or result in a violation of the terms or requirements of, or give
any Governmental Body the right to revoke, withdraw, suspend, cancel, terminate or modify,
any Governmental Authorization that is held by Seller or that otherwise relates to the
Branches, the Acquired Assets or the Assumed Liabilities; or

     (d) Except for matters which would not have a Seller Material Adverse Effect,
contravene, conflict with, or result in a violation or breach of any provision of, or give
any Person the right to declare a default or exercise any remedy under, or to accelerate the
maturity or performance of, or to cancel, terminate or modify, any Contract relating to the
Branches to which Seller is a party and included in the Acquired Assets or Assumed
Liabilities.

     3.4 Governmental Authorizations. Seller has all Governmental Authorizations
necessary for the lawful conduct of its business at each of the Branches as now conducted and,
except as would not have a Seller Material Adverse Effect, all such Governmental Authorizations are
valid and in good standing and (i) are not subject to any suspension, modification, revocation, or
pending (or, to the Knowledge of Seller, threatened) proceedings related thereto, and (ii) no event
has occurred or circumstance exists that may give rise to or serve as the basis for the
commencement of any such proceeding.

     3.5 Brokers’ Fees. With the exception of Hovde Financial, Inc., Seller has no
Liability or obligation to pay any fees or commissions to any broker, finder, or agent with respect
to the Acquisition, and Seller shall be solely liable for payment of any such fees or commission to
Hovde Financial, Inc.

ARTICLE 4

REPRESENTATIONS AND WARRANTIES CONCERNING THE BRANCHES

     Seller represents and warrants to Buyer that the statements contained in this Article
4, as qualified by the Disclosure Schedules relating thereto, are correct and complete as of
the date of this Agreement and will be correct and complete as of the Closing Date (as though made
then and as though the Closing Date were substituted for the date of this Agreement throughout this
Article 4, except for statements made as of a specific date, in which case such
representations and warranties were correct and complete as of such specific date).

27

 

     4.1 Title; Tangible Personal Property. Seller has good and marketable title to or,
in the case of any personal property lease, good and marketable leasehold interest in, all of the
Acquired Tangible Personal Property and other Acquired Assets (other than the Owned Real Property
and Leased Real Property, as to which Section 4.11 applies), in each case free and clear of
all Encumbrances. All Tangible Personal Property used by the Branches is in good condition,
reasonable wear and tear excepted, and is usable in the Ordinary Course of Business. Any Acquired
Tangible Personal Property held under lease by Seller is held by Seller under a valid and
enforceable lease with such exceptions as are not material and do not interfere in any material
respect with the use made and proposed to be made of such property by Seller.

     4.2 Deposits.

     (a) Seller has provided to Buyer a true and accurate data file of all deposits
(including IRAs and Keogh Accounts), and related information, which are assigned to the
Branches prepared as of a date within ten (10) days prior to the date of this Agreement,
which data shall be updated at and as of a date first, not earlier than thirty (30) days
prior to the Closing Date and, second, not earlier than five (5) days prior to the Closing
Date to list separately Deposits to be assumed under this Agreement and deposits that are
not being assumed under this Agreement and which data shall be further updated on the date
of delivery to Buyer by Seller of the Acquisition Closing Date Balance Sheet and on the
Supplemental Closing Date, and, in each case as updated, shall be true and accurate as of
such date.

     (b) The Deposits are insured to applicable limits by the FDIC in accordance with the
Federal Deposit Insurance Act, 12 U.S.C. § 1813, and Seller has paid all assessments and
opt-in fees and has filed all reports required to be paid or filed by it to or with the FDIC
concerning the Deposits.

     (c) The Deposits were solicited and currently exist in material compliance with all
applicable requirements of federal laws and regulations promulgated thereunder and to the
extent, if any, that their applicability to Seller is not preempted by federal laws and
regulations, state and local laws and regulations promulgated thereunder (for purposes of
this clause, a Deposit would not be in material compliance if, among other things, the
noncompliance subjects the depository institution to any penalty or liability other than the
underlying liability to pay the Deposit).

     (d) Seller has the right to transfer or assign each of the Deposits to Buyer, subject
to any pledges, liens, judgments, court orders and restrictions on transfer.

     (e) Except as otherwise disclosed by Seller on Schedule 4.2(e) hereof, each of
the agreements relating to the Deposits has been duly authorized, executed, and delivered,
and is valid, binding, and enforceable upon its respective parties in accordance with its
terms except as enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium, or other similar laws affecting creditors’ rights, and by the
exercise of judicial discretion in accordance with general principles applicable to
equitable and similar remedies.

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     (f) Unless otherwise disclosed by Seller on Schedule 4.2(f) hereof, all
agreements relating to the Deposits other than certificates of deposit legally permit Buyer
to unilaterally terminate or modify such agreements within thirty (30) days after the
Closing Date without the consent of the depositor or depositors and without penalty, subject
to applicable law, delivery of any notice as may be specified in such agreements and any
applicable provisions in such agreements.

     4.3 Undisclosed Liabilities. The Branches have no Liabilities except for (a)
Liabilities set forth on the face of the Pre-Closing Balance Sheet (rather than in any notes
thereto), (b) Liabilities which have arisen in the Ordinary Course of Business after the
Pre-Closing Balance Sheet, and (c) Commitments made in the Ordinary Course of Business.

     4.4 Tax Matters.

     (a) With respect to all interest bearing accounts assigned to Buyer, the records of
Seller transferred to Buyer contain all information and documents (including, without
limitation, properly completed Forms W-9) necessary to comply with all information reporting
and Tax withholding requirements under federal and state laws, rules and regulations, and
such records identify with specificity all accounts subject to backup withholding under the
Code.

     (b) All Tax Returns required to be filed on or before the Closing Date by Seller and
its Affiliates with respect to any Taxes payable in respect of the Acquired Assets or
Assumed Liabilities or related to the Branches have been timely filed with the appropriate
governmental agencies in all jurisdictions in which such Tax Returns are required to be
filed and are true and correct in all material respects.

     (c) All Taxes owed by Seller and its Affiliates with respect to the Acquired Assets or
Assumed Liabilities or related to the Branches (whether or not shown on any Tax Return) that
are required have been timely paid in full.

     (d) Seller and its Affiliates have withheld and paid all Taxes required to have been
withheld and paid in connection with any amounts paid to any employee, independent
contractor, creditor, stockholder, or other third party with respect to the Acquired Assets
or the Assumed Liabilities or related to the Branches.

     (e) There are no claims, assessments, levies, administrative proceedings or lawsuits
pending or, to the Knowledge of Seller, threatened by any taxing authority with respect to
the Acquired Assets or Assumed Liabilities or related to the Branches; and no audit or
investigation of any Tax Return of Seller or its Affiliates with respect to the Acquired
Assets or Assumed Liabilities or related to the Branches is currently underway or, to the
Knowledge of Seller, threatened.

     (f) As used in this Agreement, the term “Taxes” shall mean all taxes, charges,
fees, levies or other like assessments, however denominated, including any interest,
penalties or other additions to tax that may become payable in respect thereof and
including any obligation to indemnify or otherwise assume or succeed to the tax liability of
another Person, imposed by any federal, territorial, state, local or foreign government

29

 

or
any agency or political subdivision of any such government, which taxes shall include,
without limiting the generality of the foregoing, all income or profits taxes (including,
but not limited to, federal income taxes and state income taxes), real property gains taxes,
payroll and employee withholding taxes, unemployment insurance taxes, social security taxes,
sales and use taxes, ad valorem taxes, excise taxes, franchise taxes, gross receipts taxes,
business license taxes, occupation taxes, real and personal property taxes, stamp taxes,
environmental taxes, transfer taxes, workers’ compensation, and other governmental charges,
and other obligations of the same or of a similar nature to any of the foregoing, which the
Seller or its subsidiaries or Affiliates is required to pay, withhold or collect. As used
in this Agreement, the term “Tax Returns” shall mean all reports, estimates,
declarations of estimated tax, information statements and returns relating to, or required
to be filed in connection with, any Taxes, including any schedule or attachment thereto, and
including any amendment thereof, and including information returns or reports with respect
to backup withholding and other payments to third parties.

     4.5
Employee Benefits. There are no liens or other claims which affect or could
affect the Acquired Assets of any nature, whether at law or in equity, asserted or unasserted,
perfected or unperfected, arising out of or relating to any employee, officer, or director of
Seller, or the operation, sponsorship or participation of any such persons or by Seller in any
employee benefit plan, program, procedure or other employee benefit practice, whether or not
subject to the Employee Retirement Insurance Security Act of 1974 (ERISA). There are no
liabilities, breaches, violations or defaults under any “Employee Welfare Benefit Plan” or
“Employee Pension Benefit Plan” (as such terms are defined in Section 3(1) and Section 3(2) of
ERISA, respectively) or any other compensatory or benefit arrangement, plan, or program or
contract, whether or not subject to ERISA, sponsored, maintained or contributed to by Seller or any
of its Affiliates that would subject the Acquired Assets, Buyer, its employee benefit plans, or any
fiduciaries thereof to any Tax, penalties or other liabilities. Seller will retain all liabilities
and assume all obligations with regard to all Employee Pension Benefit Plans, Employee Welfare
Benefit Plans, deferred compensation plans, early retirement plans, bonus or incentive programs,
severance pay plans, arrangements or programs, or any similar plans, programs or obligations
sponsored by the Seller or its Affiliates.

     4.6
Compliance with Applicable Laws. The Branches are in compliance with Applicable
Laws in all material respects, including, without limitation, all applicable Environmental Laws.
No event has occurred or circumstance exists that constitutes a material violation by the Seller in
the operation of the Branches, or a failure on the part of the Seller with respect to the Branches
to comply with, any Applicable Law in any material respect, including, without limitation, any
Environmental Law. Except for normal examinations conducted in the ordinary course of Seller’s
banking business, no Governmental Body has initiated any formal proceeding or investigation into
the business or operations of the Seller or the conditions or operations at the Branches and no
Governmental Body has initiated any regulatory proceeding or investigations into the business or
operations of the Branches. There is no unresolved violation, criticism or exception by any
Governmental Body with respect to any report or statement relating
to any examinations of the Seller relating to the Branches, the Acquired Assets or the Assumed
Liabilities.

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     4.7
Legal Proceedings; Orders.

     (a) Except as set forth on Schedule 4.7(a) hereof, there is no pending
Proceeding that has been commenced by or against Seller that relates to or arises from the
business conducted by the Branches. To the Knowledge of Seller, (i) no such Proceeding has
been threatened and (ii) no event has occurred or circumstance exists that may give rise to
or serve as a basis for the commencement of any such Proceeding.

     (b) There is no Order to which Seller, or any of the assets owned or used by Seller, is
subject that would have a Seller Material Adverse Effect. Seller is not subject to any
Order that relates to the business of, or any of the assets owned or used by, the Branches.

     4.8 Employees.

     (a) Seller has provided Buyer a complete list, prepared as of a date within ten (10)
days prior to the date of this Agreement, of the employees of the Branches and the Select
Remote Employees identifying positions held, exempt or non-exempt status (for purposes of
the Fair Labor Standards Act and comparable local wage hours law), current annual salaries
or wage rates, target incentive opportunity and projected incentive pay-out for 2009 (if
any), actual incentive compensation for 2008 (if any), period of service, and whether such
employee is a part-time or full-time employee, and the information contained in such list
remains true and complete as of the date hereof.

     (b) Except as set forth on Schedule 4.8(b) hereof, no employee of the Branches
or Select Remote Employee is a party to, or is otherwise bound by, any employment contract,
agreement or arrangement, including any confidentiality, noncompetition, or proprietary
rights agreement, between such employee and Seller, or to Seller’s Knowledge, between any
such employee and any third party.

     (c) No employee at the Branches or Select Remote Employee is represented, for purposes
of collective bargaining, by a labor organization of any type. There is no labor strike,
arbitration, dispute, or slowdown or stoppage pending, or to Seller’s Knowledge, threatened,
involving the employees of the Branches or the Select Remote Employees, and Seller is
unaware of any efforts during the past three (3) years to unionize or organize any employees
at the Branches.

     (d) In relation to the Branches and except as set forth on Schedule 4.8(d)
hereof, no causes of action, complaints, claims, charges or administrative investigations
for unfair labor practices, wrongful discharge, violation of employment contract or
employment claims based upon any state or federal law, statute, public policy, order or
regulation is pending, or to Seller’s Knowledge, threatened against Seller or its
Affiliates. There are no suits, claims, grievances, or causes of action pending, or, to
Seller’s Knowledge, threatened, against Seller (whether in court or before an administrative
agency) arising out of or related to Seller’s employment, termination of employment, or
consideration for employment of individuals at the Branches or Select Remote Employees.

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     (e) In relation to the Branches, Seller and its Affiliates have complied in all
material respects with all laws (including reporting and disclosure requirements) relating
to the employment of labor, including provisions relating to wages, hours, collective
bargaining, occupational safety, discrimination, classification of employees as exempt or
non-exempt for purposes of the Fair Labor Standards Act and comparable local wage and hour
laws, and the payment of social security or other taxes, and worker’s compensation or other
insurance premiums, and Seller has not received any notice alleging that it has failed to
comply in any respect with such laws.

     (f) Buyer will not incur any liability under any severance agreement, deferred
compensation agreement, employment agreement, or similar agreement or plan as a result of
the transaction contemplated by this Agreement of which Seller is a party or to which it is
bound in respect of any employees of the Branches or the Select Remote Employees. Seller
agrees that Buyer will not be bound to the terms of any employment, management, consulting,
reimbursement, retirement, early retirement or similar agreement, whether active on the
Closing Date or in discussion or negotiation, with any employees of the Branches or Select
Remote Employee as to which Seller is a party or to which Seller is bound.

     4.9 Environmental Matters.

     (a) Except as disclosed on Schedule 4.9(a) hereof or as discovered during the
investigations conducted pursuant to Section 6.15, during Seller’s ownership or
operation of the Branches: (i) Seller has not been notified in writing that either Seller or
any of the Branches were or are now in violation of any Environmental Law, and (ii) the
Branches and the Seller in connection with the Branches have been and are in material
compliance with all applicable Environmental Laws.

     (b) Except as discovered during the investigations conducted pursuant to Section
6.15, during Seller’s ownership or operation of the Branches, Seller has not been
notified in writing that any of the Real Estate Interests, or Seller in connection with the
Real Estate Interests, were or are in violation of any Environmental Law. To Seller’s
actual knowledge, none of the Branches or the Real Estate Interests, or the Seller in
connection with the Real Estate Interests, are in material violation of Environmental Laws
as a result of conditions, acts, or omissions existing or occurring prior to Seller’s
ownership or operation of the Branches.

     (c) Except as discovered during the investigations conducted pursuant to Section
6.15, there are no Proceedings pending or, to Seller’s actual knowledge, threatened, nor
have there been any past Proceedings (or, in the case of Proceedings during any period prior
to Seller’s ownership or operation, any past Proceedings to Seller’s actual knowledge)
relating to the Real Estate Interests, or Seller in connection with the Real Estate
Interests, under any Environmental Law, including, without
limitation, any notices, demand letters or requests for information from any federal or
state Governmental Body.

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     (d) Seller has not received any written notice of any violation of or liability or lien
pursuant to any Environmental Laws with regard to the Branches.

     (e) Except as discovered during the investigations conducted pursuant to Section
6.15, Seller has not generated, stored, released, or disposed of any Hazardous Materials
at, in, from, on, under or about any of the Branches except in full compliance with
Environmental Laws. To Seller’s actual knowledge, prior to Seller’s ownership or operation
of the Branches, no Hazardous Materials were generated, stored, released, disposed or are
otherwise present at, in, on, under or about any of the Branches or from any of the Branches
except in full compliance with Environmental Laws.

     (f) Except as discovered during the investigations conducted pursuant to Section
6.15, during Seller’s ownership or operation of the Branches, no release (as defined at
CERCLA, 42 U.S.C. 9601(22)) of Hazardous Materials has occurred at or from any Branch. To
Seller’s actual knowledge, prior to Seller’s ownership or operation of the Branches, no
release (as defined at CERCLA, 42 U.S.C. 9601(22)) of Hazardous Materials has occurred at or
from any Branch. To Seller’s actual knowledge, no condition exists at or in connection with
any Branch for which applicable Environmental Laws required or require notice to any third
party, further investigation, or response action.

     (g) To Seller’s actual knowledge and except as disclosed on Schedule 4.9(g)
hereof or as discovered during the investigations conducted pursuant to Section
6.15, no asbestos, mold or lead-based paint is contained in any Branch or property
owned, leased or operated by the Seller in connection with the Branches.

     (h) Except as discovered during the investigations conducted pursuant to Section
6.15, to Seller’s Knowledge, there are no underground storage tanks on or under any
Branch, nor any Hazardous Material at, in, on, or under or emanating from any Branch in any
quantity or concentration in violation of any standard or limit established pursuant to
Environmental Laws.

     (i) Seller is not required to have any Governmental Authorization under Environmental
Laws in connection with any of the Branches.

     (j) To Seller’s actual knowledge and except as discovered during the investigations
conducted pursuant to Section 6.15, during Seller’s ownership or operation of the
Branches, no Hazardous Materials generated at any Branch have been treated, stored, or
disposed of at a location that has been identified by a Governmental Body as a facility that
is subject to any existing or potential claim under Environmental Laws. To Seller’s actual
knowledge, prior to Seller’s ownership or operation of the Branches, no Hazardous Materials
generated at any Branch have been treated, stored, or disposed of at a location that has
been identified by a Governmental Body as a facility that is subject to any existing or
potential claim under Environmental Laws.

     (k) Seller has delivered to Buyer on or prior to the date hereof (or, at the latest,
within ten (10) days following the date of this Agreement), true and complete

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copies of all
documents, records, and information in its possession or control that identify environmental
liabilities and other environmental matters, including, without limitation, previously
conducted environmental site assessments, reports, studies, surveys and other similar
documents or information, including, without limitation, related correspondence, relating to
each of the Real Estate Interests.

     4.10 Loans. Seller has provided to Buyer a true and accurate data file of all Loans,
including the outstanding principal balance of and the amount of accrued and unpaid interest and
fees on such Loans, prepared as of a date within ten (10) days prior to the date of this Agreement,
which data shall be updated at and as of the Closing Date, and, in each case as updated, shall be
true and accurate in all material aspects as of such date.

     (a) Each Loan included in the Acquired Assets was made or acquired by Seller or its
predecessor in the Ordinary Course of Business. Except as set forth on Schedule
4.10(a) hereof, none of the loans of the Branches (including the Loans) consist of loans
between Seller, on the one hand, and any employee or Affiliate of Seller or any of Seller’s
Affiliates.

     (b) None of the Loans are presently serviced by third parties, and there are no
obligations, agreements or understandings whatsoever that could result in any Loan becoming
subject to any such third party servicing.

     (c) There are no misrepresentations of material facts made by officers or employees of
Seller in the credit files relating to the Loans, provided that the term “facts” shall not
include judgments or opinions of such officers or employees which were in good faith or
information which is reflective of information supplied by the borrower or other third
parties.

     (d) With respect to each Loan:

     (i) Such Loan was solicited, originated, administered, serviced and currently
exists in material compliance with all applicable requirements of federal laws and
regulations promulgated thereunder, including, as applicable, any written SBA
service guidelines, and to the extent, if any, that their applicability to Seller is
not preempted by federal laws and regulations, state and local laws and regulations
promulgated thereunder (for purposes of this clause (i), a Loan would not be in
material compliance if the noncompliance adversely affects the value or
collectibility of the Loan or subjects the lender to any penalty or liability);

     (ii) Each note, agreement or other instrument evidencing a Loan and any related
security agreement and other document securing, governing or otherwise relating to
such Loan (including, without limitation, any guaranty or similar instrument) is
true, genuine and, in all material respects, complete, and constitutes a valid,
legal and binding obligation of the obligor named therein, enforceable in accordance
with its terms, subject as to enforcement to bankruptcy,
insolvency, reorganization, moratorium, laws governing fraudulent conveyance or
equitable subordination principles and other laws of general applicability relating

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to or affecting creditors’ rights generally, and all actions necessary to perfect
any related security interest in favor of Seller have been duly taken;

     (iii) Such Loan (A) to the extent secured or purported to be secured by a lien
in favor of Seller, is secured by a valid and enforceable, and duly perfected, lien
in favor of Seller in the collateral therefor, which lien is assignable, and (B)
contains customary and enforceable provisions such that the rights and remedies of
the holder thereof shall be adequate for the practical realization against any
collateral therefor;

     (iv) There has been no material modification, amendment or supplement to or
material waiver of the terms of the applicable loan documents except as reflected in
writing in the loan file made available to Buyer in respect of such Loan;

     (v) Such Loan is accruing interest in accordance with its terms;

     (vi) Such Loan is not pledged to a third party or otherwise encumbered, and no
other party has filed a UCC financing statement in connection therewith;

     (vii) Seller is in possession of all (A) original notes or lost note
affidavits, or (B) mortgages or certified copies of such mortgages and financing
statements (or other lien filing documents), provided that such mortgages and
financing statements (or other lien filing documents) have been returned by the
local recording office;

     (viii) There is no valid claim or valid defense (including the defense of
usury) to the enforcement of such Loan or a valid right of setoff or rescission;

     (ix) No claim or defense (including the defense of usury) to the enforcement of
a Loan or a valid right of setoff or rescission has been asserted with respect to
any Loan by the applicable borrower(s) under such Loan or, to the Knowledge of
Seller, by any other Person;

     (x) Neither Seller nor any predecessor has taken or failed to take any action
that would entitle any obligor or other party to assert successfully any claim
against Seller or Buyer (including, without limitation, any right not to repay any
such obligation or any part thereof);

     (xi) Such Loan was made substantially in accordance with Seller’s or Seller’s
predecessor’s standard underwriting and documentation guidelines as in effect at the
time of its origination, and has been administered substantially in accordance with
Seller’s or Seller’s predecessor’s standard loan servicing and operating procedures
as in effect from time to time;

     (xii) Seller may transfer or assign such Loan to Buyer without the approval or
consent of any obligor thereunder;

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     (xiii) Such Loan is not as of the date hereof, or is or has not been during the
period beginning on the date hereof and ending on and as of the Closing Date, thirty
(30) calendar days or more delinquent (without giving effect to any grace period,
waiver, forbearance, reservation of rights, extension, modification or amendment);

     (xiv) Neither the borrower nor any guarantor of the Loan is in bankruptcy and,
to Seller’s Knowledge, there are no facts, circumstances or conditions with respect
to such Loan, the collateral therefor or the borrower’s credit standing, that could
reasonably be expected to cause such Loan to become delinquent or adversely affect
the collectibility, the value or the marketability of such Loan;

     (xv) No notice of default has been given or received by Seller with respect to
any Loan and Seller has not received any notice of any violation of law with respect
to any Loan or any collateral for any Loan;

     (xvi) There is no pending, or to Seller’s Knowledge, threatened, litigation or
claims which may affect in any way the title or interest of the Seller or the
borrower in and to such Loan, the collateral for such Loan and the promissory note
or the mortgage or deed of trust;

     (xvii) There are no threatened or pending foreclosures, total or partial
condemnation (to Seller’s Knowledge) or repossession proceedings or insurance claims
(to Seller’s Knowledge) with respect to such Loan or the collateral for such Loan;
and

     (xviii) Seller has not directed, controlled or overseen the management of
environmental matters of any borrower or any real estate in which the Seller in
connection with the Branches holds or has held a security interest and which
constitutes a Loan so as to cause the Seller to act outside the exclusion under 42
U.S.C. § 9601(20)(E) or any other analogous provisions under applicable
Environmental Laws.

     4.11 Owned Real Property, Leased Real Properties and Tangible Personal Property.

     (a) Schedule 4.11(a)(i) hereof lists and describes briefly all real property
owned by Seller and used as Branch premises (the “Owned Real Property”). With
respect to each parcel of the Owned Real Property, Seller has good and marketable fee title
to such parcel of Owned Real Property free and clear of any Encumbrance except for Permitted
Encumbrances. With respect to each Leased Real Property, Seller has a good and valid
leasehold interest in such Leased Real Property on and subject to the terms of its
applicable Lease, it being understood that Seller makes no representations or warranties
about matters affecting the respective landlords’ fee title to the Leased Real Properties).
Except as set forth on Schedule 4.11(a)(ii), there are no tenants or other
parties claiming by, through or under Seller that have a possessory right in and to any
space in respect of the Owned Real Property (all such agreements listed on Schedule

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4.11(a)(ii), the “Tenant Leases”). Seller has delivered to Buyer a true,
correct and complete copy of each Tenant Lease as amended, modified or supplemented. Each
Tenant Lease is an existing legal, valid and binding obligation of Seller and, to Seller’s
Knowledge, each other party thereto, subject to bankruptcy, insolvency, reorganization,
moratorium, receivership, conservatorship and similar laws relating to the rights and
remedies of creditors, as well as to general principles of equity; and there does not exist
with respect to Seller’s obligations thereunder, or, to Seller’s Knowledge, with respect to
the obligations of the tenant thereunder, any default, or event or condition which
constitutes or, after notice or passage of time or both, would constitute a default, on the
part of Seller or the tenant under any such Tenant Lease.

     (b) Except as set forth in Schedule 4.11(b) hereof, with respect to the
Acquired Tangible Personal Property, the Owned Real Property and the Leased Real Properties
(it being understood that Seller is not the fee owner of any Leased Real Property and so,
notwithstanding anything to the contrary herein, to the extent the representations relating
to the real property parcel of which a Leased Real Property is a part set forth below are
qualified to the “Seller’s Knowledge,” such knowledge shall be limited to the actual
knowledge (without inquiry or investigation) of Seller’s officers or directors or senior
managers or Branch managers; provided, however, that Seller shall be deemed
to have knowledge of any matter, fact, event, default, violation, breach, noncompliance,
notice, consent or other circumstance if any of the same shall have been delivered in
writing to Seller at anytime prior to the Closing):

     (i) there are no pending or, to Seller’s Knowledge, threatened, condemnation
proceedings, claim of violation of zoning laws, governmental investigation,
lawsuits, or administrative actions relating to the Owned Real Property, Seller’s
interest in the Leases or the Leased Real Properties, or the Acquired Tangible
Personal Property, or, to Seller’s Knowledge, in the case of each Leased Real
Property, the real property parcel of which such Leased Real Property forms a part,
affecting, or which might affect, adversely in any material respect, the current
use, occupancy, or value thereof;

     (ii) there are no outstanding options or rights of first refusal to purchase
any parcel of the Owned Real Property, the Leases or Seller’s interest in the Leased
Real Properties, or the Acquired Tangible Personal Property, or any portion thereof
or interest therein, or, to Seller’s Knowledge, in the case of any Leased Real
Property, the real property parcel of which such Leased Real Property forms a part,
or any portion thereof or interest therein except, in the case of the Leased Real
Properties, such options or rights as set forth in the Leases;

     (iii) no written notice of any violation of zoning laws, building or fire codes
or other statutes, ordinances, or regulations or of restrictive covenants relating
to the use or operation of the Real Estate Interests has been received by Seller
which has not been corrected and, if required, accepted in writing by the applicable
Governmental Body, and Seller has not undertaken or completed any
construction or improvements on the Real Estate Interests within the past one
hundred fifty (150) days which could result in the imposition of any mechanics,

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materialmen or other similar liens on the Real Estate Interests (other than minor
repairs made in the Ordinary Course of Business, all of which have been paid in
full);

     (iv) there is no pending or, to Seller’s Knowledge, contemplated rezoning
proceeding or special assessment affecting the Real Estate Interests or, to Seller’s
Knowledge, in the case of each Leased Real Property, the real property parcel of
which such Leased Real Property forms a part;

     (v) to Seller’s Knowledge, the Real Estate Interests are not subject to any
special tax valuation or special tax exemption, which upon a change in use or
ownership of the Real Estate Interests will result in a “rollback tax” or similar
assessment, and to Seller’s Knowledge, with respect to any real property parcel of
which any Leased Real Property forms a part, such parcel is not subject to any
special tax valuation or special tax exemption, which upon a change in use or
ownership of such parcel will result in a “rollback tax” or similar assessment that
would be payable by Seller under any Lease;

     (vi) to Seller’s Knowledge, (A) access to each of the Owned Real Property and
each the Leased Real Property (or in the case of any Leased Real Property, the real
property parcel of which such Leased Real Property forms a part) is available over
public streets, (B) all water, sewer, gas, electric, telephone, cable, drainage and
other utility equipment, facilities and services required by applicable laws and
regulations or necessary for the current operation of the Real Estate Interests are
installed, connected and adequate to serve the Real Estate Interests for their
current use, and (C) all utility lines servicing the Real Estate Interests are
located either within the boundaries of the applicable Owned Real Property or Leased
Real Properties (or in the case of any Leased Real Property, the real property
parcel of which such Leased Real Property forms a part), within lands dedicated to
the public use or within recorded easements for such purpose, and are serviced and
maintained by the appropriate public or quasi-public entity;

     (vii) to Seller’s Knowledge, Seller possesses all rights, privileges, licenses,
franchises, permits and other authorizations (including certificates of occupancy,
if applicable) that are material to the current use, occupancy, and operation of the
Real Estate Interests;

     (viii) all permits that are material to the current use, occupancy and
operation of the Real Estate Interests and, to Seller’s Knowledge, in the case of
any Leased Real Property, the real property parcel of which such Leased Real
Property forms a part, are in full force and effect and Seller has not received
written notice of any pending or threatened revocation, suspension or termination
proceedings concerning such permits;

     (ix) all improvements located on the Owned Real Property and, to Seller’s
Knowledge, on the Leased Real Properties, the roofs thereon, and all mechanical
systems (including, without limitation, all HVAC, plumbing,

38

 

electrical, elevator,
security, utility, sprinkler and safety systems) therein, are in good working order,
and, to Seller’s Knowledge, are in sound structural condition and free from material
defect or deficiency;

     (x) Seller has not received any written notice (which remains outstanding) from
a Governmental Body or other party alleging the existence of such defect or
deficiency as set forth in subclause (ix) of this Section 4.11(b); and

     (xi) there has been no casualty damage affecting all or any material portion of
the Owned Real Property or the Leased Real Properties which has not been restored
except for any damage for which either adequate insurance proceeds will be
transferred to Buyer at Closing, with Seller being responsible for deductibles or,
in the case of any Leased Real Property, the landlord under the Lease is responsible
to restore under the terms of such Lease and which damage has been disclosed to
Buyer.

     4.12 Leased Real Property. Schedule 4.12 attached hereto lists all leases,
subleases, occupancy agreements or similar agreements under which Seller occupies (or has the right
to occupy) pursuant to a lease, license or similar arrangement any real property interest (i) used
as a Branch, or (ii) used in connection with the operation of such Branch if such real property
interest is incidental to and located at or in immediate and close proximity to such Branch
(including any separate parking lot leases where customers of such Branch are permitted to park)
(collectively, the “Leases”), and Seller is entitled to possession of the Leased Real
Properties as lessee in accordance with the terms of the respective Leases. The Leases are
accurately described on Schedule 4.12 attached hereto and, except as shown on Schedule
4.12, have not been amended, modified or supplemented. Seller has delivered to Buyer a true,
correct and complete copy of each Lease as amended, modified or supplemented. Each Lease is an
existing legal, valid and binding obligation of Seller and, to Seller’s Knowledge, each other party
thereto, subject to bankruptcy, insolvency, reorganization, moratorium, receivership,
conservatorship and similar laws relating to the rights and remedies of creditors, as well as to
general principles of equity; and there does not exist with respect to Seller’s obligations
thereunder, or, to Seller’s Knowledge, with respect to the obligations of the lessor thereof, any
default, or event or condition which constitutes or, after notice or passage of time or both, would
constitute a default, on the part of Seller or the lessor under any such Lease. There are no
tenants or other parties claiming by, through or under Seller that have a possessory right in and
to any space in respect of the Leased Real Properties. As used in this Section 4.12, the
term “lessor” includes any sub-lessor of the property to Seller. There are no subleases relating
to any Leased Real Property created or suffered to exist by Seller, or to Seller’s Knowledge,
created or suffered to exist by any other Person. Subject to Seller obtaining any consents
necessary for the valid assignment to Buyer of the Leases, which consents are listed on
Schedule 4.12 (the “Landlord Consents”), the assignment of such Leases will
transfer to Buyer on the Closing Date all of Seller’s rights under the Leases.

     4.13
Acquired Contracts. Seller has delivered to Buyer a correct and complete copy of
each written Acquired Contract (as amended to date) and a written summary setting forth the terms
and conditions of each oral Acquired Contract, if any. With respect to each such Acquired
Contract: (i) it is a legal, valid, binding and enforceable contract, and in full force and
effect, as

39

 

 against Seller and, to the Knowledge of Seller, each other party thereto, subject to
bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship and similar laws
relating to the rights and remedies of creditors, as well as to general principles of equity; (ii)
it will continue to be such a legal, valid, binding and enforceable contract, and in full force and
effect, as against Seller and, to the Knowledge of Seller, each other party thereto on identical
terms following the consummation of the transactions contemplated hereby, (iii) neither Seller nor,
to the Knowledge of Seller, each other party thereto is in breach or default thereunder and no
event has occurred that with notice or lapse of time, or both, would constitute a breach or default
thereunder or permit termination, modification, or acceleration thereunder, and (iv) neither
Seller, nor to Seller’s Knowledge, any other party thereto has repudiated any provision thereof.

     4.14 Absence of Certain Changes and Events. Since October 1, 2009 Seller has not:

     (a) suffered any change which would have a Seller Material Adverse Effect;

     (b) except in the Ordinary Course of Business and consistent with prudent banking
practices, (i) sold, transferred, leased, pledged, mortgaged, or otherwise encumbered or
(except for this Agreement) agreed to sell, transfer, lease, pledge, mortgage or otherwise
encumber, any of the Acquired Assets or rights with respect thereto, (ii) canceled, waived,
compromised or agreed to cancel, waive or compromise any debts, claims or rights with
respect to the Acquired Assets or the Assumed Liabilities, or (iii) amended, modified or
supplemented any of the terms or conditions governing the Loans;

     (c) made or permitted any amendment, termination or lapse of any contract, lease,
agreement, license or permit, if such amendment, termination or lapse (individually or in
the aggregate) would reasonably be expected to have a Seller Material Adverse Effect;

     (d) made any change in any method of management or operation of the Branches not in the
Ordinary Course of Business or any accounting change, except as may be required by generally
accepted accounting principles or general regulatory requirements;

     (e) except as set forth in Schedule 4.14(e) hereof, granted any general
increase in the compensation (including bonuses) of its officers or employees located at the
Branches or the Select Remote Employees (including any increase pursuant to any bonus,
pension, profit sharing or other plan or commitment), except for, to the extent permitted by
Section 6.1(b)(i) hereof for the period between the date hereof and the Closing
Date, normal periodic increases made pursuant to established compensation policies applied
on a basis consistent with that of the prior year, and increases and
payments necessary, in the Seller’s reasonable discretion, to maintain and preserve the
operation of the Branches, all of which increases that relate to employees located at the
Branches or the Select Remote Employees shall be promptly disclosed in writing to Buyer by
Seller within forty-five (45) days prior to the Closing Date;

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     (f) caused the Branches to transfer to Seller’s other operations any deposits other
than deposits that are not Deposits for purposes of this Agreement, except in the Ordinary
Course of Business at the unsolicited request of depositors, or caused any of Seller’s other
operations to transfer to the Branches any deposits, except in the Ordinary Course of
Business at the unsolicited request of depositors;

     (g) made any change to its customary policies for setting rates on deposits offered at
the Branches, including any increase in interest rates paid except as otherwise contemplated
by Section 6.1(b)(v) hereof; or

     (h) entered into any other transaction or agreement, incurred any capital expenditures,
or conducted its affairs, in each case as related to the Acquired Assets or the Assumed
Liabilities, other than in the Ordinary Course of Business and consistent with prudent
banking practices except as contemplated by this Agreement.

     4.15 Escheat Deposits. All of the deposits and other property (including the contents
of safe deposit boxes) held or maintained at the Branches that would constitute escheated deposits
or property at any time prior to the Closing were properly reported and transmitted to the
applicable Governmental Body.

     4.16 Books and Records. The Books and Records accurately reflect in all material
respects as of their respective dates the Book Value of the Acquired Assets and Assumed Liabilities
being transferred to Buyer hereunder. The Books and Records are true and complete in all material
respects and fairly reflect and also include all customary Branch, customer and customer-related
information reasonably necessary to service the Deposits and Loans on an ongoing basis, and to
otherwise operate the business in respect of the Acquired Assets and Assumed Liabilities being
acquired or assumed under this Agreement in substantially the manner currently operated by Seller.
The Books and Records, including, but not limited to, IRA and Keogh Account documentation, are in
compliance in all material respects with all requirements of applicable law.

     4.17 Insurance. Seller maintains in full force and effect insurance on the
Acquired Assets in such amounts and against such risks and losses as are (based on advice of its
insurance broker) customary and adequate for comparable entities engaged in the same business and
industry.

     4.18 Disclosure. No representation or warranty of Seller contained herein, when
read together with the Disclosure Schedule, is false or misleading in any material respect or omits
to state a fact herein or therein necessary in order to make the statements contained herein or
therein not false or misleading in any material respect.

     4.19 Community Reinvestment Act Designations. As of the date of this Agreement,
each of the subsidiaries or Affiliates of Seller that is an insured depository institution was
rated
“Satisfactory” or “Outstanding” following its most recent Community Reinvestment Act
examination by the regulatory agency responsible for its supervision. To Seller’s Knowledge,
Seller has not received any notice of and has not been made aware of any planned or threatened
objection by any community group to the transaction contemplated hereby.

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     4.20 No Knowledge of Fraud. Seller is not aware (based on Seller’s Knowledge) of:
(i) any Loan, Deposit, lending relationship or deposit relationship held or maintained at the
Branches that is or may reasonably be considered to be fraudulent in nature, notwithstanding that
any Loan may be current and performing; or (ii) any device, artifice or scheme, whether by
customers or Seller’s employees, to commit fraud with respect to any activities conducted at the
Branches, including but not limited to deposit or lending functions conducted at the Branches.

     4.21 Limitation on Warranties. EXCEPT AS SPECIFICALLY SET FORTH IN THIS AGREEMENT,
SELLER EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE OWNED
REAL PROPERTY, LEASED REAL PROPERTIES, OR THE ACQUIRED TANGIBLE PERSONAL PROPERTY OR WITH RESPECT
TO ANY ACQUIRED ASSETS OR ASSUMED LIABILITIES, INCLUDING, WITHOUT LIMITATION, THE IMPLIED
WARRANTIES OF MERCHANTABILITY OR OF FITNESS FOR A PARTICULAR PURPOSE.

ARTICLE 5

REPRESENTATIONS AND WARRANTIES OF BUYER

     Buyer represents and warrants to Seller that the statements contained in this Article
5 are correct and complete as of the date of this Agreement and will be correct and complete as
of the Closing Date (as though made then as though the Closing Date were substituted for the date
of this Agreement throughout this Article 5).

     5.1 Organization, Qualification, and Corporate Power. Buyer is a national banking
association duly organized and validly existing under the laws of the United States, with full
corporate power and authority to conduct its business as now being conducted and to own or use the
properties and assets that it purports to own or use.

     5.2 Authorization of Transaction. Buyer has the full corporate power and authority
to execute and deliver this Agreement and the other Buyer Documents. Subject to approval by any
necessary federal or state banking regulatory authority, Buyer has the corporate power to perform
Buyer’s obligations hereunder and under the other Buyer Documents, and to consummate the
transactions contemplated hereby and thereby. Each of this Agreement, and when executed and
delivered, each of the other Buyer Documents, constitutes the valid and legally binding obligation
of Buyer, enforceable against Buyer in accordance with its terms and conditions, subject to
bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship and similar laws
relating to the rights and remedies of creditors, as well as to general principles of equity.
Except for the Regulatory Approvals or as otherwise provided herein, Buyer is not required to give
any notice to, make any filing with, or obtain any authorization, or Consent of any Governmental
Body in order to execute and deliver this Agreement or consummate the Acquisition.

     5.3 Noncontravention. Subject to the required Consents described in Section
5.2, neither the execution and the delivery of this Agreement by Buyer, nor the consummation of
the Acquisition by Buyer, will directly or indirectly:

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     (a) Contravene, conflict with, or result in a violation of (i) any provision of the
charter or bylaws of Buyer or (ii) any resolution adopted by the board of directors or the
shareholders of Buyer;

     (b) Contravene, conflict with, or result in a violation of, or give any Governmental
Body or other Person the right to challenge the Acquisition or to exercise any remedy or
obtain any relief under, any Applicable Law or any Order to which Buyer, or any of the
assets owned or used by Buyer may be subject;

     (c) Except for matters which would not have a Buyer Material Adverse Effect,
contravene, conflict with, or result in a violation of the terms or requirements of, or give
any Governmental Body the right to revoke, withdraw, suspend, cancel, terminate or modify,
any Governmental Authorization that is held by Buyer or that otherwise relates to the
business of, or any of the assets owned or used by, Buyer; or

     (d) Except for matters which would not have a Buyer Material Adverse Effect,
contravene, conflict with, or result in a violation or breach of any provision of, or give
any Person the right to declare a default or exercise any remedy under, or to accelerate the
maturity or performance of, or to cancel, terminate or modify, any Contract to which Buyer
is a party.

     5.4 Brokers’ Fees. Except for fees payable to RBC Capital Markets Corporation, Buyer
has no Liability or obligation to pay any fees or commissions to any broker, finder, or agent with
respect to the Acquisition, and Buyer shall be solely liable for payment of any such fees or
commissions payable to RBC Capital Markets Corporation.

     5.5 Legal Proceedings; Orders. There are no pending proceedings or an Order pending
against Buyer that would prohibit Buyer’s fulfillment of obligations agreed to in this Agreement.

     5.6 Financial Condition. The financial condition of Buyer is sufficient to enable
Buyer to consummate the Acquisition without any external financing.

     5.7 Regulatory Condition. Buyer has not received any indication from any federal or
state governmental agency or authority that such agency would oppose or refuse to grant a
Regulatory Approval, and to Buyer’s Knowledge, there exists no fact or circumstance that would
prevent or delay Buyer’s ability to obtain promptly all Regulatory Approvals.

ARTICLE 6

PRE-CLOSING COVENANTS

     The Parties agree as follows with respect to the period from and after the execution of this
Agreement.

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     6.1 Operation of Business.

     (a) From the date of this Agreement through the Closing Date, Seller shall use
Commercially Reasonable Efforts to maintain the level of customer accounts of the Branches
existing on the date hereof.

     (b) From the date of this Agreement through the Closing Date, Seller will not, and will
not cause or allow the Branches to, engage in any practice, take any action, or enter into
any transaction outside the Ordinary Course of Business, and, without the prior written
consent of Buyer, Seller shall not with respect to the Branches:

     (i) increase the rate of compensation of any of the Branches officers or
employees or Select Remote Employees, or enter into any employment contracts with
any Potential Employee except in the Ordinary Course of Business; provided,
however, prior to or on the Closing Date, Seller shall pay in full to the
Retained Employees the performance, incentive or other bonuses required to be paid
to them pursuant to Section 6.7(c) hereof;

     (ii) authorize or make any capital expenditure(s) which, individually or in the
aggregate, exceeds $5,000 for any single Branch;

     (iii) extend any new, or renew any existing, loan (or Commitment), credit,
lease, or other type of financing or renew any such type of financing in which the
maximum principal amount thereunder would pursuant to the terms thereof exceed
$1,000,000;

     (iv) extend any new, or renew any existing, loan, credit, lease, or other type
of financing or renew any such type of financing, or purchase any loan participation
interest, which does not meet Seller’s loan policy requirements as of the date of
this Agreement;

     (v) make any change to (A) the interest rates or price or rates of fees, (B)
the policies or programs, or (C) the period of time applicable to any promotional
period, in each case as in existed on the date of this Agreement with respect to the
loans or deposits of, or offered by, the Branches other than in the Ordinary Course
of Business and as determined to be necessary or advisable by Seller in the
reasonable bona fide exercise of its discretion based on changes in market
conditions applicable to the Branches; provided, however, that (1)
an interest rate increase on any deposit in excess of 25 basis points or a decrease
in the interest rate of any loan in excess of 50 basis points shall not be deemed to
be in the Ordinary Course of Business and shall require Buyer’s prior written
consent (it being understood that Buyer shall not unreasonably withhold or delay its
consent with respect to such actions), and (2) Seller shall be permitted to offer
interest rates on any certificates of deposits or money market deposit accounts at
rates that are lower than the rates offered as of the date of this Agreement without
the prior written consent of Buyer;

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     (vi) authorize or allow Potential Employees to take vacation or other voluntary
leaves of absence during the five (5) Business Day periods preceding or following
the Closing Date, other than any leave of absence that is required to be granted
pursuant to the Family Medical Leave Act;

     (vii) deliver or distribute, in writing or electronically, to any customer of
the Seller, any notice, letter or other correspondence that is related to the
Acquisition or matters of transition related thereto, including the status of such
customer’s accounts or loans with Seller (it being understood that Buyer shall not
unreasonably withhold or delay its consent with respect to such actions);

     (viii) forward to vendors of Seller the names and other contact information of
depositors and other customers of the Branches if such vendors are permitted to use
such information to solicit credit card, debit card or prepaid card business, or
brokerage, investment or insurance business or any other business customarily
conducted by a bank, from such depositors and other customers, except that nothing
contained in this clause (viii) shall restrict Seller from forwarding such names to
First Brokerage America, LLC (or its insurance company subsidiary) to enable them to
carry on the brokerage and insurance business carried on by them out of the Branches
consistent with past practices;

     (ix) make any material changes to the terms and conditions governing the
Deposit accounts, other than as required by applicable law, rule or regulation;

     (x) enter into any interest rate swap, collar, floor or other hedging or
derivative agreement or amend, modify or supplement any thereof, or agree to any
provision in any Loan entered into after the date hereof under which the borrower
under such Loan shall be required or permitted, with respect to such Loan, to enter
into any interest rate swap, collar, floor or other hedging or derivative agreement;

     (xi) amend, terminate, extend or waive any right in any material respect, or
sell, assign or transfer, any Lease or Acquired Contract; provided,
however, that (A) in the case of any Lease, Seller may, without the consent
of Buyer, exercise any renewal option on the renewal terms expressly set forth under
such Lease as of the date hereof (and without modification, for the avoidance of
doubt, to the payment amount or obligations thereunder) if such Lease shall expire
prior to the Closing Date unless Buyer shall have delivered written notice
instructing Seller not to renew or extend such Lease within ten (10) Business Days
following notice from Seller of its intention to extend or renew such Lease (and
Seller hereby agrees to give notice to Buyer of its intention to so extend or renew
any such Lease), and (B) in the case of any Acquired Contract, Seller may, without
the consent of Buyer, amend, terminate or extend such Acquired Contract that
involves the payment or receipt of not more than $2,500 during any one (1) year
period;

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     (xii) except as required by law or the terms of the documents governing any
Loan, (A) release any collateral or any party from any liability on or with respect
to such Loan, (B) compromise or settle any material claims of any kind or character
with respect to such Loan, or (C) amend or waive any of the material rights or other
terms of such Loan as set forth in the Loan documents; provided,
however, that Buyer agrees not to unreasonably withhold or delay its consent
to any of the actions described in clause (C) above provided that such actions are
taken in accordance with the underwriting standards, pricing levels and other
parameters or terms of Seller as in effect on the date hereof or as mutually agreed
upon by the Buyer and Seller in writing from time to time;

     (xiii) sell, transfer, assign, encumber or otherwise dispose of, or enter into
any contract, agreement or understanding to sell, transfer, assign, encumber or
dispose of, any of the assets or deposits of the Branches, except in the Ordinary
Course of Business consistent with past practice; provided, however,
in no event shall Seller take any of the foregoing actions with respect to (A) any
of the Owned Real Property, (B) any of the Leases, (C) any of the Deposits, or (D)
any Loan;

     (xiv) except as permitted by this Section 6.1(b), knowingly take, or
knowingly permit its Affiliates to take, any action (A) impairing Buyer’s rights in
any Deposit or Acquired Asset, (B) impairing in any way the ability of Buyer to
collect upon any Loan, or (C) waiving any material right, whether in equity or at
law, that it has with respect to any Loan; or

     (xv) directly or indirectly agree or commit to take any of the foregoing
actions.

     (c) From the date of this Agreement through the Closing Date, Seller will not, and will
not cause or allow the Branches to, distribute or deliver any marketing materials to the
customers of the Branches without consulting with the Buyer other than customary marketing
materials in the Ordinary Course of Business.

     6.2 Notice of Potential Material Adverse Effect. Seller will give prompt written notice to Buyer of any fact or circumstance which would
result in a Seller Material Adverse Effect, or cause a breach or threatened breach of any of the
representations and warranties in Article 3 or 4 above. Buyer will give prompt
written notice to Seller of any fact or circumstance which would result in a Buyer Material Adverse
Effect or cause a breach or threatened breach of any of the representations and warranties in
Article 5.

     6.3 Reasonable Access. Buyer, its vendors and agents shall be given onsite access to the Branches, both during and
outside of normal business hours, as reasonably necessary or appropriate beginning within five (5)
calendar days following the execution of this Agreement to investigate the Branches’ properties,
books, contracts, commitments, records, operations and conditions (financial or otherwise) and
inspect, among other things, the Seller’s Books and Records; provided that such
investigation shall be related to the Acquisition and shall not interfere materially or
unnecessarily with the Branches’ normal operations. Buyer shall, and

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shall cause its advisors and
agents to, maintain the confidentiality of all confidential information furnished to it and shall
not use such information for any purpose except in furtherance of the Acquisition. Within five (5)
calendar days of the execution of this Agreement, Buyer shall be permitted, at its expense, to
install and test voice and data communication lines and WAN, both internal and external, from each
Branch and prepare for the installation of hardware and software; provided that such
installation and testing shall be conducted at mutually agreeable times and so as to minimize, to
the extent reasonably practicable, interference with Seller’s operation of its business. If this
Agreement is terminated, Buyer shall promptly return or certify the destruction of all documents
and copies thereof and all work papers containing confidential information received pursuant to
this Section 6.3 concerning the Branches. Seller shall allow Buyer to remove the Seller’s
Books and Records for purposes related to the Acquisition, subject to such reasonable restrictions
and limitations for confidentiality or security or other purposes as required by Seller.

     6.4 Press Releases. Prior to the Closing Date, the Parties will consult with each other as to the form and
substance of any press release or other public disclosure materially related to the Acquisition;
provided that no Party is prohibited from making any disclosure which its counsel deems
necessary or advisable in order to satisfy any requirements of Applicable Law or the rules of any
national securities exchange on which securities of a Party or Affiliate of a Party are listed, in
which case the Party making such public announcement or disclosure shall give prior written notice
to the other Party promptly after the disclosing Party is notified of the disclosure requirement.
Neither Party will be required to seek the other Party’s approval of any public notice required for
any required regulatory filing.

     6.5 Exclusivity. From the date of this Agreement through the Closing Date, Seller will not and will cause
its Affiliates not to, directly or indirectly, (a) solicit, initiate, or encourage the submission
of any proposal or offer from any Person other than Buyer relating to the acquisition of any Branch
or any of the assets, properties or deposits thereof, except as otherwise permitted by Section
6.l(b) hereof (it being understood that Seller shall have the right to sell, without the
consent of Buyer, any Excluded Loan provided such Excluded Loan was originated prior to the date
hereof as contemplated by Section 6.18 hereof) or (b) participate in any discussions or
negotiations regarding, furnish any information with respect to, assist or participate in, or
facilitate in any other manner any effort or attempt by any Person to do or seek any of the
foregoing. Seller will notify Buyer immediately if any Person makes any proposal, offer, inquiry,
or contact with respect to any of the foregoing.

     6.6 Regulatory Matters and Approvals. Each of the Parties will cooperate and use Commercially Reasonable Efforts to promptly
prepare and file all necessary documentation, to effect all necessary applications, notices,
petitions, filings and other documents, and to obtain all necessary Governmental Authorizations.
Buyer shall file all requisite applications with the applicable Governmental
Bodies no later than thirty (30) calendar days after the date of this Agreement (and shall use
its Commercially Reasonable Efforts to file such applications not later than twenty (20) calendar
days after the date of this Agreement); provided that Seller has supplied to Buyer all
necessary Seller information required for such applications and Buyer shall have provided to Seller
a copy of each such application (excluding confidential sections thereof) not less than three (3)
Business Days prior to the date on which such application is to be filed. Buyer shall respond (and
Seller shall assist Buyer in responding) to all requests for information

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from a Governmental Body
in a timely manner and shall use their respective Commercially Reasonable Efforts to respond to any
request within three (3) Business Days. Each of the Parties will (i) permit the other to review in
advance and, to the extent practicable, will consult with the other Party on all characterizations
of the information relating to the other Party which appear in any filing made with, or written
materials submitted to, any Governmental Body in connection with the Acquisition; and (ii) consult
with the other with respect to obtaining all Governmental Authorizations necessary or advisable to
consummate the Acquisition (unless prohibited by the applicable Governmental Body) and will keep
the other Party apprised of the status of matters relating to completion of the Acquisition. Each
of the Parties will promptly furnish the other Party with copies of all written communications
received by it, from, or delivered to, any Governmental Body in connection with and material to the
Acquisition, except for any confidential portions thereof and shall update the other party on any
non-written correspondence with Governmental Bodies relating to Governmental Authorizations.

     6.7 Employment.

     (a) Buyer may, but shall be under no obligation to, extend offers of employment as of
the Closing Date to (i) employees of Seller at the Branches and (ii) the Select Remote
Employees (such employees and Remote Select Employees, collectively, the “Potential
Employees”). Seller shall assist, and shall cause its Affiliates to assist, Buyer’s
solicitation of Potential Employees to accept employment with Buyer and/or Affiliates of
Buyer. From and after the date hereof through the Closing Date, Buyer may initiate contact
and engage in reasonable communication with Potential Employees, including, without
limitation, via electronic mail, physical delivery by mail or facsimile, or telephone or
in-person contact, and Seller shall use its reasonable efforts to assist in the facilitation
of such communications. Without limiting the foregoing, Seller shall permit Buyer to
contact and solicit the Potential Employees promptly after the date of this Agreement and
shall cooperate with Buyer to establish procedures for Buyer to interview the Potential
Employees and to provide Buyer with appropriate information relating to the Potential
Employees (including a copy of each such Potential Employee’s most recent performance review
and access to each such Potential Employee’s entire personnel and employment file, excluding
medical information unless such Potential Employee shall have otherwise consented to the
disclosure thereof to Buyer).

     (b) Buyer shall notify Seller at least thirty (30) days prior to the Closing which
Potential Employees Buyer desires to employ following Closing. Buyer agrees that, with
respect to each such Potential Employee to whom Buyer so desires to make an offer of
employment, Buyer shall (i) make such offer at least fifteen (15) days prior to the Closing
Date, and (ii) in the case of each Potential Employee receiving an offer and subject to the
other provisions of Section 7.13 hereof, offer to such individual (A) base
salary that is comparable to his or her base salary as of the date hereof and (B)
incentive compensation and health and welfare benefits that are substantially comparable to
the incentive compensation and health and welfare benefits offered by Buyer to similar level
employees within Buyer’s workforce as of the date of Buyer’s offer to such Potential
Employee. Potential Employees who accept offers of employment by Buyer prior to the Closing
Date and become employees of Buyer by reporting for work with Buyer on the first Business
Day following the Closing Date or within five (5) Business Days after the

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Closing Date as
may be applicable to Potential Employees shall be referred to herein as “Retained
Employees.” All Retained Employees will be removed from Seller’s payroll effective as
of the Closing Date.

     (c) At Closing, (i) all wages and salaries, workers’ compensation payments, accrued and
unused vacation pay and social security and unemployment taxes of employees at the Branches
and Select Remote Employees (including Retained Employees) shall be paid by Seller for the
period prior to and including the Closing Date, and (ii) Seller will make all severance and
other payments and perform all obligations to Seller’s employees under any and all severance
or stay-pay agreements executed between Seller and the employees of the Branches. In
addition, on the Closing Date, Seller shall (X) compute all performance and incentive
bonuses and annual bonuses that a Retained Employee would otherwise be entitled to under any
existing formula-based performance or incentive agreement or other existing formula-based
bonus policy or arrangement applicable to such Retained Employee as though such Retained
Employee shall have completed his or her service for the current annual or other period as
to which such bonus relates (and a copy of such computation shall be delivered to Buyer at
least five (5) Business Days prior to the Closing Date), and (Y) pay to such Retained
Employee such bonus or incentive in an amount equal to the full amount of such bonus or
incentive for such annual or other period multiplied by a fraction, the numerator of which
shall be the number of days from the beginning of such annual or other period and ending on
the Closing Date and the denominator of which shall be the total number of days in such
annual or other period.

     (d) Nothing contained herein shall (i) confer upon any former, current or future
employee of Seller or its Affiliates or Buyer or its Affiliates or any legal representative
or beneficiary thereof any rights or remedies, including, without limitation, any right to
employment or continued employment of any nature, for any specified period, or (ii) cause
the employment status of any former, present or future employee of Buyer or its Affiliates
to be other than terminable at will.

     (e) Prior to the Closing Date, Seller and Buyer shall cooperate in order to permit
Buyer to train Potential Employees, and Seller shall, as scheduled by Buyer for reasonable
periods of time and subject to Seller’s reasonable approval, excuse such employees from
their duties at the Branches for the purpose of training and orientation by Buyer. Buyer
agrees to reimburse Seller for any out-of-pocket overtime expenses of Seller for Potential
Employees if such training is not available during Seller’s normal business hours for the
Branches.

     (f) If for any reason the Acquisition is not consummated, in consideration of the
access to and information regarding Seller’s employees, for a period of two (2) years
following date of this Agreement, Buyer and its Affiliates shall not solicit for employment
any Potential Employee or any of Seller’s other employees, without the prior consent of
Seller; provided, however, that the foregoing shall not apply to responses
to or follow-up hiring in respect of general solicitations or advertisements for job
positions not specifically directed to the Potential Employees or Seller’s other employees.

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     6.8 Conveyance of Customer Accounts.

     (a) Deposit and Loan Accounts. The Parties specifically acknowledge that Buyer
has the regulatory duty for all communications regarding any change in terms of Deposit and
Loan agreements. In the event Buyer desires to change any such terms effective as of the
Closing Date, Buyer shall have the right to distribute written communications to such
customers prior to the Closing; provided, however, that Buyer shall provide
proposed written communications for the Loan and Deposit customers of the Branches to Seller
five (5) Business Days prior to Buyer’s scheduled mailing or other provision of such notices
for Seller’s review and approval. Such written communications shall be mailed at Buyer’s
expense and shall be mailed or otherwise provided to Loan and Deposit customers of the
Branches at Buyer’s sole discretion.

     (b) Loans. On the Closing Date, title to the Loans shall be transferred from
Seller to Buyer by a Bill of Sale, together with an assignment of notes and liens for real
estate and other secured loans. Seller shall provide Buyer with a Limited Power of Attorney,
in the form of Exhibit C, to effectuate the assignment of the Loans (including the
security interest in all collateral therefor). Seller will also endorse or execute an
allonge with respect to each note to Buyer, “without recourse” and, except as otherwise
specifically provided in this Agreement, without warranties except for warranties regarding
title thereto and right and authority to transfer. Seller will cooperate with Buyer and
shall execute any other assignment documents (including mortgage assignment and UCC
financing statement assignment documents and forms) that Buyer may reasonably request that
are acceptable for filing or recording in accordance with any applicable law. Preparation of
such additional documents shall be Buyer’s responsibility and at Buyer’s expense; all
recording fees and expenses related to the recordation of the assignments shall be the
responsibility of Buyer.

     (c) Other Notices Provided by Seller to Customers. Notices provided by Seller
to customers of the Branches after the date of this Agreement until the Closing related to
the transaction contemplated by this Agreement shall be provided by Seller to Buyer prior to
distribution for Buyer’s prior written approval, which approval shall not be unreasonably
withheld. For purposes of this Agreement, the term “customers” includes borrowers under the
Loans.

     (d) General Communications by Buyer to Customers. In addition to the duties
and rights of Buyer under clause (a) of this Section 6.8 to communicate with
customers, from and after the date of this Agreement, Buyer shall have the right to deliver
communications to the customers of the Branches, by mail or electronically or otherwise,
one or more communications regarding the pending Acquisition and the transition of
ownership of the Branches (including a general introductory letter welcoming such customers
to banking with Buyer), subject to the prior written approval of Seller (which approval
shall not be unreasonably withheld, delayed or conditioned).

     6.9 Branch Access. Seller shall provide physical access to space within each Branch facility to Buyer at least
thirty (30) days prior to the Closing Date for equipment staging inside the Branch relating to the
conversion; such access not to be unduly disruptive to the Branch.

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     6.10 Maintenance of Properties. From the date of this Agreement and until the Effective Time, Seller will maintain the
Branches in their current condition, ordinary wear and tear excepted consistent with the standard
of maintenance Seller uses in its Non-Divested Branches.

     6.11 Conversion Planning and Execution. From the date of this Agreement until the Effective Time, Seller will provide reasonable
cooperation with and assist Buyer in planning a conversion to transition the business of the
Branches from Seller to Buyer including the transition of Seller’s electronic data (including data
delivered pursuant to ancillary delivery channels, such as internet banking and bill pay, debit
card and credit card and all other systems determined beyond the CBS/Signature system) to an
electronic file format mutually agreeable to both Parties on the Closing Date. Each Party shall
pay its own cost relating to such conversion. Within seven (7) Business Days (or, in the case of
Buyer’s initial request as contemplated by this sentence, three (3) Business Days except with
respect to commercial online banking customers on the Fundtech system) of up to each of four (4)
separate requests of Buyer, Seller agrees to provide Buyer a complete set of data files/conversion
tapes prior to the final set of data files/conversion tapes for the purposes of implementing the
conversion as of the Closing Date (such conversion data files to include, among other things, the
loan, deposit, CIF and other application systems processed on CBS/Signature and in the native
CBS/Signature file format and other data files for systems other than the CBS/Signature System,
including, but not limited to, internet banking and bill pay, debit card and credit card). On the
Closing Date, Seller shall provide a final set of data files/conversion tapes contemplated in this
Section 6.11 to Buyer as of such date regardless of the number of requests for such
information and material made by Buyer pursuant to this Section 6.11. Further, Seller
agrees that it will inform Buyer of required changes to record layouts that may be necessary in the
Ordinary Course of Business, and Buyer and Seller agree to cooperate on timely making such required
modifications; provided, however, that in the event such changes are made by
Seller, Seller shall provide to Buyer any additional files required by Buyer to support Buyer’s
testing of such changes not later than three (3) Business Days following Buyer’s request therefor
(except with respect to commercial online banking customers on the Fundtech system). The Parties
shall comply with their respective conversion-related responsibilities as set forth on Schedule
6.11; provided that such schedule may be revised and updated as reasonably requested by
Buyer from time to time as necessary to effect the intent of this Section 6.11.

     6.12 General Third Party Consents. From the date of this Agreement until all Landlord Consents and other Consents are
obtained, Seller and Buyer shall cooperate with all reasonable requests of each other, and Seller
shall use Commercially Reasonable Efforts, to obtain (i) all Landlord Consents to transfer Seller’s
rights as lessee to each Leased Real Property (including those rights that are personal to Seller
pursuant to the respective Lease) to Buyer, and (ii) all other Consents (other than Regulatory
Approvals, as to which the provisions of Section 6.6 shall apply) as shall be required
under the terms of any Contract or applicable law to transfer and assign to Buyer on the Closing
Date the Acquired Assets and the Assumed Liabilities. If Seller is unable to obtain a Landlord
Consent with respect to a Lease, and Buyer and Seller fail to reach an agreement within thirty (30)
calendar days after receipt of the landlord’s indication that a Landlord Consent will not be
granted in form and substance reasonably satisfactory to Buyer and Seller, then Buyer may elect to
exclude the applicable Leased Real Property (and the Lease thereto) from the Acquisition, and the
Payment Amount shall be reduced accordingly. Buyer

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agrees to assume the Deposits for any Branch
excluded from the Acquisition pursuant to this Section 6.12, subject to Buyer’s or Seller’s
ability to satisfy all applicable regulatory requirements.

     6.13 Title Insurance and Surveys. Within forty-five (45) days after the date of this Agreement, Seller will provide Buyer, at
Seller’s expense, with an ALTA 2006 standard form owner’s commitment (containing the endorsements
described in Section 8.1(e) below) for title insurance with respect to each parcel of real
property comprising the Owned Real Property (including legible copies of all documents, instruments
or agreements evidencing or creating the exceptions referenced in such commitment to the extent
available from the public records) from Chicago Title Insurance Company and an ALTA/ACSM Land Title
Survey prepared in accordance with the 2005 minimum requirements therefor as adopted by American
Land Title Association and the National Society of Professional Surveyors (prepared and certified,
in form reasonably acceptable to Buyer as to all matters shown thereon, by a surveyor licensed by
the State of Illinois and reasonably acceptable to Buyer, which shall include a notation stating
whether or not a portion of the premises are located in a 100 year flood plain, flood-prone area of
special flood hazard and if so, depicting the location of such flood-prone area of special flood
hazard). With respect to any such parcel or parcels of real property collectively comprising the
Owned Real Property used for any single Branch location (each, an “Owned Location”), Buyer
shall have fifteen (15) Business Days after the receipt of the commitment for title insurance and
the land title survey applicable to any such Owned Location to object, in writing, to the
exceptions or other matters contained therein if and only if such exceptions or matters would, in
Buyer’s reasonable discretion, (i) materially impair the use or occupancy (consistent with current
use or occupancy) of the applicable Owned Location as a banking branch, or (ii) cost, at such Owned
Location, more than $150,000 to remediate, cure or correct (it being agreed that if such exception
or matter is not capable of being cured, remediated or corrected, the cost to cure, remediate or
correct such exception or matter shall be deemed to exceed $150,000) (any of item (i) or (ii), an
“Objectionable Title Matter”). Buyer shall not have the right to object to any exceptions
or other matters contained in the commitment for title insurance and/or the land title survey
applicable to any such Owned Location, except for Objectionable Title Matters; by way of
clarification and not limitation, Objectionable Title Matters shall not include exceptions for
current taxes not delinquent, printed
exceptions in the commitment generally contained in any owner’s standard coverage policy of
title insurance (except to the extent that the same may be removed by a customary owner’s affidavit
from Seller or any other customary delivery reasonably requested by the title company), or rights
of government entities to make cuts and fills in connection with construction and/or maintenance of
any public roadways adjoining the real property and easements and reservations of record that do
not prevent or materially impair the use of such parcel of real property for general banking
purposes. If Buyer gives timely notice of its objection to any Objectionable Title Matter, Seller
shall have the opportunity (but not the obligation) for ten (10) days from the date of Buyer’s
notice to cure such objection (which cure may include, to the extent expressly consented to by
Buyer in its sole discretion, a written undertaking (with collateral, if required) on the part of
Seller to cure such objection prior to Closing). If the Seller shall have failed to cure, to the
reasonable satisfaction of Buyer, any Objectionable Title Matter to which Buyer’s objections were
timely made as provided in this Section 6.13 with respect to any such Owned Location, then
Buyer may elect to exclude the applicable parcel or parcels of Real Estate Interests from the
Acquisition (along with, if such parcel of Real Estate Interests is material to the operation of
any Owned Location as determined

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in the sole, reasonable discretion of Buyer, any other parcel of
Real Estate Interests applicable to such Owned Location), and the Payment Amount shall be reduced
accordingly. Buyer agrees to assume the Deposits for any Branch excluded from the Acquisition
pursuant to this Section 6.13, subject to Buyer’s or Seller’s ability to satisfy all
applicable regulatory requirements.

     6.14 Insurance Proceeds and Casualty Payments. In the event of any damage, or destruction affecting the Acquired Assets between the date
hereof and the time of the Closing, Seller shall deliver to Buyer notice of such damage or
destruction and, at Buyer’s election, shall either fix or repair such damage or destruction (which
repair must be completed prior to the Closing Date in accordance with Applicable Laws and in a
workmanlike manner, using materials consistent with the quality of the damaged or destroyed
materials) or pay to Buyer the insurance proceeds, to the extent of the applicable amount set forth
in Section 2.2(a) hereof with respect to the Owned Real Property and Leasehold
Improvements, and the replacement cost with respect to the Acquired Tangible Personal Property as
the case may be, received (or with respect to insurance proceeds, which would be received assuming
Seller’s insurance policy had no deductible) by Seller as a result thereof; provided,
however, that Buyer shall have the right to terminate this Agreement in the event that the
Book Value of such Acquired Assets so damaged or destroyed is in excess of $100,000, unless Seller
agrees to pay Buyer the difference between the Fair Market Value of such Acquired Assets and the
insurance proceeds. The terms and conditions of this Section 6.14 shall supersede entirely
the provisions of the Uniform Vendor and Purchaser Risk Act, as enacted in Illinois; Buyer hereby
waives any termination rights that it may have under said Uniform Vendor and Purchaser Risk Act.

     6.15 Environmental Reports and Investigations. Consistent with Section 4.9(k) hereof, within ten (10) Business Days following the
date of this Agreement, Seller will furnish Buyer with true and complete copies of all
environmental assessments, reports, studies, surveys and other similar documents or information,
including, without limitation, related correspondence, in its possession or control relating to
each of the
Real Estate Interests. Buyer shall be entitled to conduct a Phase I Environmental Assessment
and an assessment of Hazardous Materials and compliance with Environmental Laws (collectively,
“Phase I Environmental and Hazardous Materials Assessment”), at Buyer’s sole expense, for
any of the Owned Real Properties upon one (1) Business Day’s notice to Seller. Buyer shall also be
entitled to conduct a Phase I Environmental and Hazardous Materials Assessment, at Buyer’s sole
cost and expense, of any Leased Real Property, only upon receipt of written approval from the
landlord for that Leased Real Property. In addition, if a Phase I Environmental Assessment
identifies any Recognized Environmental Conditions for any Owned Real Property, Buyer shall have
the right, at any time prior to Closing, to conduct, at Buyer’s sole cost and expense, a Phase II
Environmental Assessment to investigate any Recognized Environmental Conditions identified in any
Phase I Environmental Assessment report for such Owned Real Property. Buyer’s work plans for any
Phase I Environmental and Hazardous Materials Assessment or any Phase II Environmental Assessment
conducted pursuant to this Section 6.15 shall be subject to Seller’s approval, which
approval shall not be unreasonably withheld, delayed or conditioned, and Buyer shall, at its sole
cost and expense, repair and/or correct any damage to the subject property resulting from the work
conducted by Buyer or its contractors in connection with any such assessment. If a Phase I
Environmental Assessment identifies any Recognized Environmental Conditions for any Leased Real
Property upon the written consent by the landlord, Buyer shall have the right, at any time prior to
Closing, to conduct, at Buyer’s sole cost and expense, a Phase II Environmental

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Assessment to
investigate any Recognized Environmental Conditions identified in any Phase I Environmental
Assessment report for any Leased Real Property. All such Phase II Environmental Assessments shall
be conducted by an independent environmental investigation and testing firm selected by the Buyer.
Buyer will notify Seller no fewer than five (5) Business Days in advance of its desire to conduct a
Phase II Environmental Assessment at any Owned Real Property, and upon receipt of such notice
Seller will grant Buyer access to the Owned Real Property for such investigation. With respect to
the Leased Real Properties, Buyer will notify Seller no fewer than five (5) Business Days in
advance of its desire to conduct either a Phase I Environmental and Hazardous Materials Assessment
or a Phase II Environmental Assessment at any Leased Real Property and Seller shall use its
Commercially Reasonable Efforts to obtain written permission from the landlord for that Leased Real
Property for Buyer to conduct such investigations. If any Phase I Environmental and Hazardous
Materials Assessment or any Phase II Environmental Assessment confirms the existence of a condition
which could be subject to Liability under applicable Environmental Laws, and the aggregate costs of
remediating such conditions are reasonably estimated by Buyer’s consultant not to exceed $25,000
with respect to any single Branch, then Buyer shall purchase the Owned Real Property, or accept an
assignment of the Leases, relating to such Branch on the terms set forth in Section 2.2 and
shall assume liability for such condition except as otherwise contemplated by Section
2.1(c)(iv) hereof. If (i) the costs of remediation any such condition with respect to any
single Branch are reasonably estimated by Buyer’s consultant to exceed $25,000 for such single
Branch and Buyer and Seller fail to reach an agreement with respect to such remediation within
thirty (30) calendar days after receipt of the estimated remediation costs (or, if less, within the
period beginning on the date of receipt of the report regarding the estimate of such costs and
ending ten (10) Business Days prior to the Closing Date), or (ii) access to conduct a Phase I
Environmental and Hazardous Materials Assessment or a Phase II Environmental Assessment is not
given to Buyer or its representatives, in the case of a Phase I Environmental and Hazardous
Materials Assessment, at least forty-five (45) Business
Days prior to the Closing Date, and in the case of a Phase II Environmental Assessment, at
least twenty (20) Business Days prior to the Closing Date, then, in each case, Buyer may elect to
exclude the applicable parcel or parcels of Real Estate Interests from the Acquisition (along with,
if such parcel of Real Estate Interests is material to the operation of any single Branch as
determined in the sole, reasonable discretion of Buyer, any other parcel of Real Estate Interests
applicable to such single Branch, whether Owned Real Property or Leased Real Property), and the
Payment Amount shall be reduced accordingly. Buyer agrees to assume the Deposits for any Branch
excluded from the Acquisition pursuant to this Section 6.15, subject to Buyer’s or Seller’s
ability to satisfy all applicable regulatory requirements. During the period between the date
hereof and the Closing Date (and, if the Closing shall not occur, at all times thereafter), Buyer
and its employees, agents and representatives shall hold all contents of any Phase I Environmental
Assessment and Phase II Environmental Assessment reports confidential and disclose the contents
thereof only with prior written consent of Seller or as may be required under applicable law.
During the period between the date hereof and the Closing Date (and, if the Closing shall occur, at
all times thereafter), Seller and its employees, agents and representatives shall hold
 all contents
of any Phase I and Phase II reports confidential and disclose the contents thereof only with prior
written consent of Buyer or as may be required under applicable law. Buyer shall deliver to Seller
a true, correct and complete copy of the results of any Phase I Environmental and Hazardous
Materials Assessment and any Phase II Environmental Assessment conducted by Buyer pursuant to this
Section 6.15 in respect of any

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Owned Real Property or Leased Real Property (together with
any attachments thereto) not later than five (5) Business Days following receipt thereof by Buyer.
Buyer shall not disclose to or solicit any Governmental Body regarding the investigation or
remediation of Hazardous Materials identified in Buyer’s Phase I Environmental Assessments or Phase
I Environmental and Hazardous Materials Assessments, Phase II Environmental Assessments, or items,
reports or conditions identified on Schedule 4.9(a) or 4.9(g) hereof or the
documents (or attachments to the documents) referenced on Schedule 4.9(a) or 4.9(g)
hereof unless such disclosure is made in response to a written or oral request from a Governmental
Body or such disclosure is required by Applicable Law.

     6.16 Condemnation. If prior to Closing all or any portion of the Real Estate Interests is taken or is made
subject to eminent domain or other governmental acquisition proceedings, then Seller shall promptly
notify Buyer thereof, and on the Closing Date pay to the Buyer all payments received in respect
thereto (or to be received after the Closing Date in the event payment has not been made by the
applicable Governmental Body prior to the Closing Date); provided, however, that
the Buyer shall have the right to terminate this Agreement in the event that the Book Value of the
portion of the Real Estate Interests and improvements so taken or made subject to eminent domain is
in excess of $50,000, unless Seller agrees to pay Buyer the difference between the Fair Market
Value of such portion and the condemnation award.

     6.17 Exclusion of Non-Core Deposits. Buyer may, at anytime prior to the Closing, exclude in its sole discretion from the
Deposits to be assumed any Non-Core Deposit. On or before the fortieth (40th) day prior
to the Closing Date, Seller shall provide to Buyer a list of all Non-Core Deposits originated on
and prior to the date of delivery of such list, and Seller shall send to Buyer a supplemental list
(i) on the fifteenth (15th) day prior to the Closing Date and (ii) on the day prior to the Closing
Date (prepared as of the close of business on such day), which supplemental lists shall list all
Non-Core Deposits originated since the cut-off date of the Non-Core Deposit list most recently
delivered to Buyer pursuant to this Section 6.17. On or before the date that is ten (10)
days prior to the Closing Date, Buyer shall deliver to Seller a list of excluded Non-Core Deposits
as of such date and shall, no later than 9:00 a.m. on the morning of the Closing, deliver to Seller
a final list of all excluded Non-Core Deposits.

     6.18 Additions to Loans; Removal of Certain Loans. Prior to the Closing Date, Buyer may, in its sole discretion, include on Schedule
1.1 any loan, loan participation or Commitment originated by Seller and attributable to the
Branches (“New Loan”), whether such New Loan was originated prior to the date hereof and
not included on Schedule 1.1 as of the date hereof or originated after the date hereof.
Any such New Loan added to Schedule 1.1 shall be deemed a Loan for purposes of this
Agreement. Buyer will notify Seller on or before the 30th day prior to the Closing Date
of any New Loan that Buyer intends to add to Schedule 1.1; provided,
however, the Parties agree that New Loans may be added to Schedule 1.1 after the
30th day prior to the Closing Date. In addition, Buyer may, (i) by the giving of
written notice to the Seller at least five (5) Business Days prior to the Closing Date, remove from
Schedule 1.1 any Loan that Seller determines, in its reasonable good faith judgment,
constitutes as of such date or will constitute as of the Closing Date a Non-Conforming Loan, in
which case such Non-Conforming Loan shall be deemed removed from Schedule 1.1 and for all
purposes of this Agreement shall be deemed to constitute an Excluded Loan, and (ii) by the giving
of written notice (the “Special Acceptance Notice”) to Seller at least five (5) Business
Days prior to the Closing Date, agree to accept and

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purchase any Loan that constitutes as of such
date or will constitute as of the Closing Date a Non-Conforming Loan, in which case such
Non-Conforming Loan shall be deemed to be a Loan for all purposes of this Agreement and included on
Schedule 1.1 (it being understood that Seller has the right to sell, without Buyer’s
consent, to any third party any Excluded Loan that was originated prior to the date hereof as
contemplated by Section 6.5 hereof unless Buyer shall have delivered a Special Acceptance
Notice with respect thereto prior to the date Seller shall have agreed to sell such Excluded Loan
to such third party). Notwithstanding anything to the contrary contained herein, any
Non-Conforming Loan that Buyer accepts pursuant to the Special Acceptance Notice shall remain
subject to the provisions of Section 2.6 from and after the Closing Date to and including
the Cut-Off Date, and Buyer shall have the right, at its election, to put back to Seller such
Non-Conforming Loan during such period pursuant to the provisions of Section 2.6.

     6.19 Subordination, Non-Disturbance and Attornment Agreements. Seller shall use its Commercially Reasonable Efforts to obtain subordination,
non-disturbance and attornment agreements (“SNDAs”) from the Landlord’s lenders holding
mortgages, deeds of trust or other liens against the Leased Real Property superior to the
applicable Leases (except that no such SNDA shall be required for any such Lease which is, as of
the date hereof, subject to an SNDA affording customary non-disturbance protection and which
contains successor and assigns provisions entitling Buyer to enjoy, as reasonably determined by
Buyer upon the advice of counsel, the benefits thereof upon the assignment to
Buyer of such Lease), which SNDAs shall be on forms provided by Landlord’s lenders;
provided, however, that Buyer may, at its sole cost and expense, elect to negotiate
SNDAs on forms other than those provided by the Landlord’s lenders.

     6.20 Assumption of IRA and Keogh Account Deposits.

     (a) With respect to Deposits in IRAs, Seller will use Commercially Reasonable Efforts
and will cooperate with Buyer in taking any action reasonably necessary to invite depositors
of IRAs to accomplish the appointment of Buyer as successor custodian of all such IRA
deposits (except self-directed IRA deposits), including, but not limited to, sending to the
depositors thereof appropriate notices, cooperating with Buyer in soliciting consents from
such depositors, and filing any appropriate applications with applicable Governmental
Bodies. The expenses payable to third parties associated with Buyer’s efforts to assume
IRAs shall be borne by Buyer.

     (b) With respect to Deposits in Keogh Accounts, Seller shall use Commercially
Reasonable Efforts and cooperate with Buyer to invite depositors thereof, at Buyer’s sole
expense, to direct a transfer of each such depositor’s Keogh Account and the related
Deposits to Buyer (or an Affiliate of Buyer), as trustee thereof, and to adopt Buyer’s (or
such Affiliate’s) form of Keogh Master Plan as a successor to that of Seller. Buyer (or
such Affiliate) will not be required to assume a Keogh Account unless Buyer (or such
Affiliate) has received the documents reasonably necessary for such assumption at or before
the Closing. With respect to any owner of a Keogh Account who does not adopt Buyer’s form
of Keogh Master Plan, Seller will use Commercially Reasonable Efforts in order to enable
Buyer (or such Affiliate) to retain such Keogh Accounts at the

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Branches. The expenses
payable to third parties associated with Buyer’s efforts to assume Keogh Accounts shall be
borne by Buyer.

     (c) If, notwithstanding the foregoing, as of the Closing Date Buyer shall be unable to
retain deposit liabilities in respect of an IRA or Keogh Account, such deposit liabilities,
which shall be set forth on Schedule 6.20(c) and delivered on, and prepared as of,
the Closing Date, shall be excluded from Deposits for purposes of this Agreement and shall
constitute “Excluded IRA/Keogh Account Deposits.”

     6.21 Naperville Branch. Buyer shall have the right, by the giving of written notice to Seller at least thirty (30)
days prior to the Closing Date, to reject and exclude from the Acquisition the Branch located at
3020 State Route 59 in Naperville, Illinois (the “Naperville Branch”), in which case the
Owned Real Property and all other Leased Real Properties associated with the Naperville Branch
shall be excluded from the Acquisition and the Payment Amount shall be reduced accordingly. Buyer
agrees to assume the Deposits for the Naperville Branch subject to Buyer’s or Seller’s ability to
satisfy all applicable regulatory requirements.

     6.22 Post-Signing Selection of Certain Excluded Tangible Personal Property. Not later than thirty (30) days following the execution and delivery hereof, Buyer shall
have the right, by the giving of written notice to Seller, to select for purchase at net book value
by Buyer at the Closing any item of Excluded Tangible Personal Property described in clause
(B) or (C) of Section 2.1(b)(i). In the event that Buyer selects to purchase any such
Excluded Tangible Personal Property, Buyer and Seller shall enter into an amendment of this
Agreement, including an amendment to Schedule 2.1(b)(i) hereof, for purposes of including
the Excluded Tangible Personal Property so selected by Buyer pursuant to such notice among the
Acquired Assets to be purchased hereunder.

ARTICLE 7

POST-CLOSING COVENANTS

     7.1 Continued Cooperation. The Parties agree in case at any time after the Closing any further action is necessary or
desirable to carry out the purposes of this Agreement, each of the Parties will take such further
action (including the execution and delivery of such further instruments and documents) as the
other Party reasonably may request, all at the sole cost and expense of the requesting Party
(unless such expense is otherwise allocated in this Agreement or the requesting Party is entitled
to indemnification therefore under Article 11 below).

     7.2 Transitional Matters Concerning Deposits.

     (a) Following the Effective Time and without limiting the generality of the other
provisions of this Agreement, Buyer will pay in accordance with law, customary banking
practices, and the respective terms of the Deposits and related Acquired Contracts all
properly drawn and presented checks, drafts and withdrawal orders (including, in all cases
under this Section 7.2, transactions initiated with debit cards used by the
Branches) with respect to the Deposit accounts presented to Buyer by mail, over the counter,
through the check clearing system of the banking industry or any other method of general
acceptance within the banking industry, whether such checks, drafts

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and withdrawal orders
are on forms provided by Buyer or Seller, and in other respects to discharge, in the usual
course of the banking business, the duties and obligations of Seller with respect to the
Deposits.

     (b) Buyer agrees, at its cost and expense, to assign new account numbers effective as
of the Effective Time to all deposits of the Branches assumed by Buyer pursuant to the terms
of this Agreement and to furnish such depositors with checks on the forms of Buyer, and to
instruct such depositors to utilize Buyer’s newly furnished checks, drafts and withdrawal
order forms and cease using Seller’s checks, drafts and withdrawal forms previously supplied
by Seller.

     (c) Seller agrees that it will reimburse Buyer for the amount of any uncollectible
check, draft, or withdrawal order drawn on a Deposit to the extent such amount is incurred
by Buyer as a result of any failure by Seller after the Closing Date to expeditiously
return, revoke any prior settlement of, give notice of dishonor or nonpayment of, or
otherwise reject, before the applicable midnight deadline or other applicable deadline, any
check, draft or withdrawal order drawn on Seller with regard to the deposit account and
presented to Seller before the Closing Date, that is not properly
payable due to insufficient funds in the applicable deposit account, an outstanding
stop payment order, or a forged check. Should any of the Branches “due from” accounts be
charged any sums with respect to any of the Deposits by reason of a forged endorsement or
otherwise (hereinafter the “Reclaimed Amount”), then Buyer as assignee of such
Deposit shall forthwith upon request by Seller assert a right of setoff against such Deposit
for the whole amount of the Reclaimed Amount or such portion thereof that may be on deposit
with Buyer in such Deposit account from time to time, and shall remit such sums to Seller
forthwith thereafter, in accordance with this Section 7.2.

     (d) Buyer agrees that it will reimburse Seller for the amount of any uncollectible
check, draft, or withdrawal order drawn on a Deposit to the extent such amount is incurred
by Seller as a result of any failure by Buyer after the Closing Date to expeditiously
return, revoke any prior settlement of, give notice of dishonor or nonpayment of, or
otherwise reject, before the applicable midnight deadline or other applicable deadline, any
check, draft or withdrawal order drawn on Seller with regard to the Deposit account and
presented any date after the Closing Date, that is not properly payable due to insufficient
funds in the applicable deposit account, an outstanding stop payment order or otherwise.

     (e) With respect to any Deposit that has a negative balance as of the close of business
on the Closing Date due to an overdraft caused by Seller’s final payment and settlement, on
or before the Closing Date, of one or more checks, drafts or other items drawn against such
account, other than any Deposit account that has been excluded as an asset or liability
being acquired or assumed under the terms of this Agreement (the “Overdraft Items”),
which negative balance continues to exist at the close of business on the fifth day after
the Closing Date after exercise by Buyer of any setoff rights of which Buyer is aware, Buyer
shall be entitled to reimbursement in immediately available funds from Seller for the amount
of any such negative balance of which Buyer gives Seller notice within fifteen (15) days
after the Closing Date. Thereafter, Buyer shall continue as

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Seller’s agent, for a period of
sixty (60) days after the Closing Date, or such shorter period as Seller shall request, to
assert set off rights and promptly forward the amount set off to Seller in immediately
available funds. Buyer shall immediately deliver to Seller all Overdraft Items in Buyer’s
possession (if any) for which it demands reimbursement and any payments or amounts received
in respect thereof from time to time, and Seller shall be vested with all rights, title and
interest in, to and in connection with such Overdraft Items which Buyer otherwise would have
had, and Seller shall be entitled to enforce and collect all rights, remedies, claims, and
causes of action against all persons and entities, including, without limitation, the drawer
and depositor(s) which Seller or Buyer shall have or would have had in connection with the
Overdraft Item.

     (f) Seller and Buyer shall make arrangements to provide for the daily settlement with
immediately available funds by Buyer of checks, drafts, withdrawal orders, debit card
trailing activity and returns presented and paid by Seller for the period between the
Closing Date and sixty (60) days following the Closing Date drawn on or chargeable to
accounts in respect of Deposits assumed by Buyer hereunder; provided,
however, Seller shall be held harmless and indemnified by Buyer for funds not
reimbursed by Buyer for Seller acting in accordance with such arrangements. Buyer shall
be responsible for any costs incurred for courier or overnight shipping of information
related to the daily settlements. At any time prior to the expiration of the sixty (60)
days referenced herein, Seller shall discontinue such payments on behalf of Buyer upon
written request by Buyer. Any checks, drafts, withdrawal orders, trailing debit card
activity and returns presented to Seller following the expiration of the sixty (60) day
period, shall be returned by Seller.

     (g) Starting on the Business Day following the Closing Date or as otherwise expressly
agreed by the Parties, Seller, at its expense, shall notify all Automated Clearing House
(“ACH”) originators of the transfers and assumptions and retention of deposits made
pursuant to this Agreement by sending a notification of change (NOC) as transactions are
presented; provided, however, that Buyer may, at its option, notify all such
originators itself (on behalf of Seller), also at Seller’s expense. For the sixty (60) day
period immediately following the Closing Date, Seller will, without any obligation to
investigate the accuracy of such request or the balance in the accuracy of such request or
the balance in the underlying account, honor all ACH items related to accounts assumed under
this Agreement that are routed or presented to Seller, and Buyer will reimburse Seller for
all such ACH payments on a daily basis. Seller will not charge any fee to Buyer for
honoring such items and will electronically transmit such ACH to Buyer. If Buyer cannot
receive such electronic transmissions, Seller will make available to Buyer, at Seller’s
operation center, receiving items from the ACH tapes containing such ACH data. Following
the sixty (60) day period referenced herein, Seller will not honor any ACH item presented to
Seller unless Buyer has requested that Seller extend the time for clearing ACH items. Upon
such request, in the event that Seller agrees to such an extension of time, Buyer shall pay
Seller a One Dollar ($1.00) fee per transaction cleared during the extension period and
Buyer and Seller must agree, in writing, to the duration period; provided,
however, any extension period will not be greater than sixty (60) days. If no
extension period is agreed to by the Parties, items mistakenly routed or presented to Seller
after the sixty (60) day period will be returned to the presenting party. At any time

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prior
to the initial sixty (60) days or prior to the ending date of any extension period, Seller
shall discontinue honoring ACH items upon the written request of Buyer.

     (h) On the Closing Date, Seller shall provide Buyer with a written listing and
electronic data file of each stop payment order, tax lien, levy, garnishment, pledge,
guardianship agreement, or other hold or restriction then in effect with respect to any of
the Deposits (the “Holds”), and Buyer shall honor and comply with the terms of all
valid Holds described in the above list. If, following receipt of such list, Buyer makes
any payment in violation of any such Hold, then it shall be solely liable for such payment
and shall indemnify, hold harmless, and defend Seller from and against all claims, losses
and liabilities, including reasonable attorneys’ fees and expenses, arising out of any such
payment. In the event that Buyer shall make any payment in violation of a Hold initiated
prior to the Closing Date but not reflected in the above list, then Seller shall be solely
liable for such payment and shall indemnify, hold harmless and defend Buyer from and against
all claims, losses, and liabilities, including reasonable attorneys’ fees and expenses,
arising out of any such payment.

     (i) On the Closing Date, Seller shall cycle, prepare and pay all accrued interest for
each checking, savings or money market account constituting a Deposit. Seller shall mail
such closing statements within five (5) Business Days following the Closing Date, and
contemporaneously therewith provide Buyer with a true and correct copy thereof. Interest on
time deposits shall be accrued and included in the data conversion files.

     (j) Within thirty (30) days from this Agreement, Seller and Buyer shall establish a
mutually agreeable post-conversion trailing activity process for settlement of converted
account activities relating to trailing transactions.

     7.3 Transitional Matters Concerning Loans. As soon as reasonably practicable following the Closing, Buyer, at its expense, will issue
new coupon or payment books for the Loans and will instruct customers to destroy any coupons
furnished by Seller; Buyer will also notify customers of any applicable change in terms and provide
Buyer’s information for payment remittance. For a period of sixty (60) days following the Closing,
Seller will forward to Buyer on a daily basis all loan payments received by Seller, in the form
received by Seller, or as established in the post-conversion activity process referenced in
Section 7.2(i). After such sixty day period, Seller will forward any loan payments
received on a weekly basis.

     7.4 Transitional Matters Concerning Real Estate Interests. For a period of sixty (60) days following the Closing, Seller will forward to Buyer on a
daily basis all material correspondence, notices, documents or other instruments received by Seller
relating to the Real Estate Interests within two (2) Business Days following receipt thereof.
After such sixty (60) day period, Seller will forward any such material correspondence, notices,
documents or other instruments received on a weekly basis.

     7.5 Transfer of Books and Records. As soon as commercially reasonable following the Closing Date, but in no event later than
five (5) Business Days after the Closing Date, Seller

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shall provide the following documents which
are in possession of Seller in connection with or relating to the Acquired Assets and the Assumed
Liabilities (the “Books and Records”):

     (a) Loan Documents and Records:

     (i) Originals (or in alternative form, if originals are unavailable) of all
documents retained by Seller in its Ordinary Course of Business or otherwise in its
possession evidencing or supporting each Loan, including recorded mortgages and
deeds of trust, recorded assignments, promissory notes, loan applications, loan
closing statements, extension agreements, financing statements, security agreements,
loan agreements, guaranties and guaranty agreements, loan commitments, letters of
credit, title insurance commitments and policies, environmental survey reports,
flood certifications, borrower financial statements, motor vehicle and trailer
titles, appraisals, evidence of receipt by the debtor or
mortgagor of disclosure statements, material correspondence, all default
notices given or received and any notices from a Governmental Body; and

     (ii) An electronic database (or paper records, if an electronic database is not
available) reflecting the payment history, balances and other relevant information
respecting all Loans.

     (b) Deposit Records: Originals (or an alternative form, if originals are
unavailable) of all documents retained by Seller in its Ordinary Course of Business or
otherwise in its possession evidencing or supporting each Deposit, including signature
cards, taxpayer identification number certifications, deposit account agreements, account
opening documentation, and trust or other legal documentation gathered as supporting
evidence of authorization to establish a Deposit account.

     (c) Other Records: Originals (or an alternative form, if originals are
unavailable) of all documents retained by Seller in its Ordinary Course of Business or
otherwise in its possession that may be reasonably related to the Acquired Assets or the
operation of the Branches that are located on the Branch premises either in paper or
electronic form, including investment customer records, safe deposit records, currency
transaction reports, suspicious activity reports, and debit card transaction records and,
including, without limitation, all notices given or received in connection with any Real
Estate Interest.

     (d) Buyer Review of Records: Within one hundred eighty (180) days of receipt
of such records by Buyer, Buyer shall notify Seller of any deficiencies in the information
provided. Seller will cure such deficiencies at Seller’s expense. For requests more than
one hundred eighty (180) days after Seller has provided such records to Buyer, Seller will
permit Buyer, for reasonable cause, at Buyer’s expense, to examine, inspect, copy and
reproduce files, documents or records retained by Seller relating to the assets and
liabilities transferred under this Agreement.

     (e) Form of Records: Buyer acknowledges that some of Seller’s documents
(except with respect to the Loans, as to which Seller’s representations and warranties

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contained in Section 4.10(d)(vii) apply) and records may be available only in
the form of photocopies, file copies or other non-original and non-paper media, and
represents and warrants to Buyer that the failure to provide Buyer with such originals will
not result in any material diminution in value of the asset or other item as to which such
non-original shall relate.

     7.6 Electronic Records, Conversion, and Servicing.

     (a) From and after the Effective Time, Buyer shall service customer account inquiries
and other third party requests for historical information owned by Seller and transferred to
Buyer in a physical or electronic form on or after the Closing Date (the “Transferred
Records”).

     (b) From and after the Effective Time, each party to this Agreement agrees to cooperate
with the other party in responding to any reasonable request for information regarding or
contained in the Books and Records. Buyer shall make available the Transferred Records and
Seller shall make available the retained records, for inspection by the other Party, as
applicable, during normal business hours of each, after reasonable prior notice, and each
Party may, at their respective expense, have copies made of excerpts from the retained
records or the Transferred Records, as each may deem necessary. The requesting Party shall
be responsible for any expenses relating to such request, including reasonable research fees
charged by the other Party; provided, however, that Buyer shall not be
responsible for any such expenses incurred by Seller pursuant to this provision until
sixty-one (61) days or more after Closing.

     (c) From and after the Effective Time, Buyer and Seller each agrees to permit the
Governmental Bodies with authority over Buyer or Seller, as the case may be, to access the
Books and Records of which Buyer or Seller has custody, after the Closing Date, and to use,
inspect, make extracts from or request copies of any such records in the manner and to the
extent requested, and to duplicate, in the discretion of such Governmental Bodies, any
record in the form of microfilm or microfiche pertaining to such Books and Records.

     (d) From and after the Effective Time, Buyer shall not destroy any of the Transferred
Records unless Buyer complies with the retention requirements of applicable law or it
receives the prior consent of Seller. Seller shall not destroy, or allow the destruction of
any of the retained records, unless Seller complies with the retention requirements of
applicable law or it receives the prior consent of Buyer. If requested by Seller, the
Transferred Records shall be delivered to Seller in lieu of being destroyed.

     7.7 Tax Reporting Obligations.

     (a) Seller will report to applicable taxing authorities and holders of Deposits, with
respect to the period from January 1 of the year in which the Closing occurs through the
Closing Date, all interest (including dividends and other distributions with respect to
money market accounts) credited to, withheld from and any early withdrawal penalties imposed
upon the Deposits. Buyer will report to the applicable taxing authorities and

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holders of Deposits, with respect to all periods from the day after the Closing Date,
all such interest credited to, withheld from and any early withdrawal penalties imposed upon
the Deposits.

     (b) Any amounts required by any governmental agencies to be withheld from any of the
Deposits through the Closing Date will be withheld by Seller in accordance with applicable
law or appropriate notice from any governmental agency and will be remitted by Seller to the
appropriate agency on or prior to the applicable due date. Any such withholding required to
be made subsequent to the Closing Date will be withheld by Buyer in accordance with
applicable law or appropriate notice from any governmental agency and will be remitted by
Buyer to the appropriate agency on or prior to the applicable due date.

     (c) Within five (5) calendar days after the date hereof, Seller shall provide Buyer in
an electronic format a file setting forth (i) the names, addresses, account numbers and
federal tax identification numbers of each holder of Deposits for which Seller has received
a certification of such holder’s tax identification number, and (ii) the names, addresses
and account numbers of each holder of Deposits which is subject to back-up withholding.

     (d) Within five (5) calendar days after the Closing Date, Seller shall deliver to Buyer
all original forms, records and documents in its possession (or copies thereof if originals
are not in Seller’s possession) regarding tax identification number certification and
back-up holding requests, including, without limitation, all Forms W-8 and Forms W-9 related
to the Deposits, provided that Seller shall be entitled to retain a copy of all such forms,
records and documents for its files.

     (e) Seller shall be responsible for delivering to payees all IRS notices with respect
to information reporting and tax identification numbers required to be delivered through the
Closing Date with respect to the Deposits, and Buyer shall be responsible for delivering to
payees all such notices required to be delivered following the Closing Date with respect to
the Deposits.

     (f) Seller will make all required reports to applicable taxing authorities and to
obligors on Loans purchased on the Closing Date, with respect to the period from January 1
of the year in which the Closing occurs through the Closing Date, concerning all interest
and points received by Seller. Buyer will make all required reports to applicable taxing
authorities and to obligors on Loans purchased on the Closing Date, with respect to all
periods from the day after the Closing Date, concerning all such interest and points
received.

     7.8 Credit Life Insurance Refunds. Seller, or its successor, agrees to refund to
Buyer the portion of premiums on the accident and health insurance and/or credit life insurance
(the “Insurance”) that may be required to be refunded by banking and insurance regulations
on the Loans transferred by Seller to Buyer upon presentation on a monthly basis by Buyer of such
premium refunds. This Section 7.8 shall
survive until all Loans upon which the Insurance has been purchased shall mature. Buyer shall
have all legal rights under Missouri law or Illinois law,

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as applicable, including the right to
recoup legal fees incurred, in collecting such funds from Seller or its successor.

     7.9 Non-Solicitation of Employees. From the date hereof until the Closing Date,
Seller and its Affiliates shall not relocate, or agree to relocate, any Potential Employee to
another branch or office of Seller or any Affiliate of Seller unless Buyer has notified Seller that
Buyer does not intend to make an offer of employment to such Potential Employee. From and after
the Closing, and for a period of four (4) years following the Closing Date, Seller and its
Affiliates and their respective successors and assigns shall not directly or indirectly hire any
Retained Employee, without the prior consent of Buyer, unless such person’s employment was
terminated by Buyer.

     7.10 Non-Solicitation of Business. In consideration of the purchase of the Acquired
Assets and the assumption of Assumed Liabilities by Buyer, neither Seller nor its Affiliates
(including the directors, officers, employees or principal shareholders), successors or assigns
will, for a period of four (4) years after the Closing Date, solicit or service, on behalf of
itself or others, deposits, loans, brokerage, credit or debit or prepaid card, or other business
from customers whose Deposits are assumed or whose Loans, safe deposit or any other business are
acquired by Buyer hereunder; provided, however, that nothing contained in this
Section 7.10 shall be deemed to prohibit general solicitations in major metropolitan (i)
newspapers, (ii) television or (iii) radio and not specifically directed or targeted to customers
of the Branches, but no direct mail or local market solicitation or advertising shall be
permissible. Notwithstanding the provisions of this Section 7.10 and subject to the
provisions of Section 7.11(d) hereof, Seller or any Affiliate thereof may (X) continue to
engage in all customary communications, including distribution of loan solicitations and loan
promotional materials, with and service any former customers of the Branches with whom Seller or
any Affiliate thereof maintains a banking, lending, brokerage or other financial relationship on
the date hereof not otherwise prohibited by the terms of this Agreement after the Closing Date, (Y)
maintain an office and employees for the purposes of servicing any non-performing loan originated
prior to the date of this Agreement or any other Commitment, overdraft or other extension of credit
that is not a Loan and is originated prior to Closing (in each case which may include renewing,
extending the maturity of, or restructuring such extensions of credit), and servicing deposits of
the Branches that are excluded as Deposits, and (Z) maintain an office and employees with respect
to any Branch that Buyer has excluded from the Acquisition pursuant to Section 6.12,
6.13, 6.15 or 6.21 hereof and is not able to acquire the Deposits of which
on the Closing Date due to regulatory requirements.

     7.11 Covenant Not to Compete.

     (a) From and after the Closing, and for a period of four (4) years following the
Closing Date, Seller and its Affiliates, successors or assigns shall not, and shall not
enter into any agreement to, (i) acquire, lease, purchase, own, operate or use any building,
office or other facility or premises located within the 100 mile radius of the City of
Chicago (the “Geographic Region”) for the purpose of making loans, accepting
deposits,
cashing checks, issuing credit cards, debit cards, or prepaid cards, or engaging in all
of the businesses in which the Branches are engaged at the Closing Date, which shall be
deemed to include, without limitation, provision of brokerage, investment and insurance

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services, or (ii) use, authorize, license or permit any other Person to use the name “First
Bank” (or any variation thereof) for any purpose within the Geographic Region.
Notwithstanding the foregoing and subject to the provisions of Section 7.11(d)
hereof, the Parties agree that (i) Seller may maintain an office and employees for the
purposes of servicing any loan, Commitment, overdraft or other extension of credit that is
not a Loan and is originated prior to the Closing (which may include renewing, extending the
maturity of, or restructuring such extension of credit), and the Loans that are repurchased
from Buyer in accordance with Section 2.6 hereof, and servicing deposits of the
Branches that are excluded as Deposits, and (ii) maintain an office and employees with
respect to any Branch that Buyer has excluded from the Acquisition pursuant to Section
6.12, 6.13, 6.15 or 6.21 hereof and is not able to acquire the
Deposits of which on the Closing Date due to regulatory requirements; provided,
however, that Buyer agrees that (A) the prohibitions contained in this Section
7.11 shall not be applicable to a Person that is not an Affiliate of the Seller on the
date hereof and that becomes the successor in interest to Seller after the Closing Date if
such Person’s banking activities at least one (1) year prior to becoming such successor
would, upon becoming such successor, result in such successor being in breach of this
Section 7.11(a), and (B) the prohibitions contained in this Section 7.11
shall not apply to the asset-based lending activities (and only the asset-based lending
activities) of First Bank Business Capital, Inc. (it being understood that nothing contained
herein shall limit any covenant not to compete or other restrictive covenant of First Bank
Business Capital, Inc. under the ABL Purchase Agreement). Nothing contained in this
Section 7.11 shall be construed to prevent Buyer from seeking and recovering from
Seller damages sustained by it as a result of any breach or violation by Seller of the
covenants or agreements contained herein.

     (b) It is recognized and hereby acknowledged by the Parties hereto that a breach or
violation by Seller of any or all of the covenants and agreements contained in this
Section 7.11 may cause irreparable harm and damage to Buyer in a monetary amount
which may be virtually impossible to ascertain. As a result, Seller recognizes and hereby
acknowledges that Buyer shall be entitled to an injunction from any court of competent
jurisdiction enjoining and restraining any breach or violation by Seller or any of its
Affiliates, partners or agents, either directly or indirectly, and that such right to
injunction shall be cumulative and in addition to whatever other rights or remedies Buyer
may possess hereunder, at law or in equity.

     (c) The restrictions against competition set forth above are considered by the Parties
to be both reasonable and essential to protect the business and goodwill of the Branches
being acquired by Buyer pursuant to this Agreement. If any such restriction is found by any
court of competent jurisdiction to be unenforceable because it extends for too long a period
of time or over too broad a range of activities or over too large a geographic area, such
restriction shall be interpreted and reformed to extend only over the maximum period of
time, range of activities or geographic area as to which it may be enforceable.

     (d) The rights of Seller under the last sentence of Section 7.10 and the
penultimate sentence of Section 7.11(a) hereof shall be subject to the following
limitations: Not later than sixty (60) days following the Closing Date, Seller shall apply

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to, and use its Commercially Reasonable Efforts to obtain from, each Governmental Body as
shall be necessary to authorize Seller to close the Rejected Branches and any other banking
branch maintained by Seller within the Geographic Region for the purpose of (i) engaging in
the activities described in clauses (X), (Y) and (Z) of the last sentence of Section
7.10 or (ii) the activities described in the penultimate sentence of Section
7.11(a). Not later than the later to occur of (A) the date that is one (1) year
following the Closing Date and (B) the granting of authorization from the applicable
Government Body to close the applicable Rejected Branch or other banking branch within the
Geographic Region, Seller shall close such Rejected Branch or other branch and cease
conducting such activities. Nothing contained in this clause (d) shall restrict the Seller
seeking another buyer for a Rejected Branch or other banking branch within the Geographic
Region during the one-year period subsequent to the Closing Date or from maintaining one or
more offices within the Geographic Region not open to the general public for banking
business in order to administer and wind down the Excluded Assets and the Excluded
Liabilities or any other purpose not expressly prohibited by this Agreement.

     7.12 Legal Inquiries. The Parties hereby agree to the following with respect to
subpoenas and certain process matters: Following the Closing, Seller will handle and process all
civil and criminal subpoenas, IRS summons, court-ordered or government or agency or regulatory
demands for documents and all similar legal notices or other information, and all notices, claims,
demands of any kind from customers or third parties (collectively, “Subpoenas”) served on
Seller prior to the Closing Date that relate to the Acquired Assets or the Deposits. Following the
Closing Date, each party shall use good faith efforts to promptly forward any such Subpoenas that
relate to the Acquired Assets or the Deposits to the other party, as applicable, to the following
addresses: FirstMerit Bank, N.A., III Cascade Plaza, CAS 81, Akron, Ohio 44308; and shall also send
a facsimile of same to (330) 384-7133, Attention: Legal Department, and First Bank, Deposit
Services, 600 James S. McDonnell Blvd., Hazelwood, Missouri 63042, Mail Stop M1-199-042, Attention
Kurt Eisleben.

     7.13 Employment.

     (a) Retained Employees shall be employed by Buyer after the Closing Date upon terms and
conditions of employment offered by Buyer as provided by Section 6.7(b) hereof
(except as otherwise provided in Section 7.13(b) below). However, for purposes of
Buyer’s defined contribution Employee Pension Benefit Plan (“Buyer’s 401(k) plan”)
and any Employee Welfare Benefit Plans (including paid time off (PTO) policies), time of
service with the Seller prior to the Closing Date will be credited to the Retained Employees
(based on, in the case of a Retained Employee, such person’s date of hire by Seller) for
purposes of determining eligibility and calculating vesting (if applicable) to the greatest
extent permitted under such plans and applicable law, provided that, for elective benefits,
the Retained Employee elects to enroll in the plan on or before thirty-one (31) days from
the date such Retained Employee first becomes eligible to participate in the plan. Each
Retained Employee shall be permitted, to the extent
permitted by law and the provisions of Buyer’s 401(k) plan, to participate in Buyer’s
401(k) plan and to roll over any eligible rollover contributions into such plan.
Furthermore, to the extent permitted by any applicable insurer, Buyer will waive any
pre-existing condition exclusions, evidence of insurability provisions, waiting period

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requirements or any similar provision under the Buyer’s health benefit plans, provided that
the Retained Employee elects to enroll in the plan on or before thirty-one (31) days from
the date such Retained Employee first becomes eligible to participate in the plan.

     (b) Notwithstanding anything to the contrary in this Agreement, for the period
commencing on the Closing Date and ending at the end of the last day of the calendar month
in which the Closing Date occurs, Seller shall, at its expense, continue to provide medical,
dental and vision benefits under Seller’s Employee Welfare Benefit Plans to the Retained
Employees at the same level provided to such Retained Employees prior to the Closing.

     (c) Buyer shall have no liability to any current or former employees of Seller and/or
its Affiliates for any accrued wages, sick leave, vacation time, pension obligations or any
other employee benefits accrued as employees of Seller and/or its Affiliates. Buyer will
have no liability and will not assume obligations under any Employee Pension Benefit Plan or
Employee Welfare Benefit Plan sponsored, maintained or contributed to by Seller or its
Affiliates or any other obligations (including, without limitation, health continuation
coverage, severance obligations, fringe benefit or deferred compensation arrangements, bonus
plans, incentive programs, or retiree medical coverage) to the employees or former employees
at any of the Branches. Seller and/or its Affiliates will be solely responsible for
fulfilling, and resolving any disputes concerning, its liabilities or obligations
(including, without limitation, health continuation coverage, bonus, incentive, severance
obligations, fringe benefit or deferred compensation arrangements, bonus plans, incentive
programs, or retiree medical coverage) to the employees at the Branches under any such
employee benefit plan or with regard to any similar plans, programs, or arrangements.

     (d) Nothing contained herein shall (i) confer upon any former, current or future
employee of Seller or its Affiliates or Buyer or its Affiliates or any legal representative
or beneficiary thereof any rights or remedies, including, without limitation, any right to
employment or continued employment of any nature, for any specified period, or (ii) cause
the employment status of any former, present or future employee of Buyer or its Affiliates
to be other than terminable at will.

     7.14 Removal of Seller’s Name from Signs. As soon as reasonably practicable following
the Closing, but in no event later than thirty (30) days following the Closing Date, Seller shall
either remove and discard all signs at the Branches incorporating Seller’s name (or, at the request
of Seller in the case of Seller’s logo boxes and channel letter sets, make available for return to
Seller such logo boxes and channel letter sets) or cause Seller’s name contained in such signs
(other than such logo boxes and channel letter sets, which are to be made available for return to
Seller) to be replaced with Buyer’s name.

ARTICLE 8

CONDITIONS TO OBLIGATION TO CLOSE

     8.1 Conditions to Obligation of Buyer. Buyer’s obligation to purchase the Acquired
Assets and assume the Assumed Liabilities as provided in Article 2 and to take the other
actions

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required to be taken by Buyer at the Closing is subject to the satisfaction, at or prior to
the Closing, of each of the following conditions (any of which may be waived by Buyer, in whole or
in part):

     (a) Buyer and Seller shall have procured all of the Consents (including all Regulatory
Approvals) required to consummate the Acquisition (other than any approvals of the Board of
Directors, shareholders or lenders of Buyer or Seller as necessary to authorize the Buyer or
Seller, as the case may be, to enter into this Agreement and consummate the transactions
contemplated hereby, all of which having been obtained prior to the date hereof) and all
applicable waiting periods (and any extensions thereof) shall have expired or otherwise been
terminated, unless such regulatory approval imposes any condition or requirement which in
the reasonable judgment of Buyer would materially adversely impact the economic or business
benefits of the transactions contemplated by this Agreement or otherwise would in the
reasonable judgment of the Buyer be so burdensome as to render inadvisable the consummation
of the transactions contemplated by this Agreement.

     (b) The representations and warranties of Seller set forth in Article 3 and
Article 4 above shall be true and correct in all material respects (or in all
respects, as to any representation or warranty qualified by a standard of materiality) on
the date of this Agreement and at and as of the Closing Date (except for representations and
warranties made as of a specific date, which shall be true and correct in all material
respects (or in all respects, if qualified by a standard of materiality) as of such specific
date and except for such breaches of representations and warranties as of the date of this
Agreement that have been cured on or prior to the earlier to occur of (i) the
30th day after written notice to the effect of any breach, and (ii) the fifth
calendar day prior to the Closing Date).

     (c) Seller shall have performed and complied with all of the covenants and agreements
required by the terms hereof to be performed or complied with by Seller on or prior to the
Closing Date.

     (d) Buyer shall have received all of the documents described in Section 9.1.

     (e) Subject to the satisfaction of Buyer’s obligations set forth in Section
9.2(c), Seller shall have caused Chicago Title Insurance Company to have irrevocably
committed to issue to Buyer title policies in favor of Buyer for each Acquired Owned Real
Property in the amount of the Book Value of such Acquired Owned Real Property in accordance
with the procedures set forth in Section 6.13, together with endorsements for same
as survey zoning (insuring the use of the property as a commercial banking branch and the
current use of the property, if different), comprehensive, contiguity (if
applicable), location, access, separate tax lot, subdivision (if applicable), and
arbitration deletion, to the extent available in the State of Illinois.

     (f) No court or other Governmental Body of competent jurisdiction shall have enacted,
issued, promulgated, enforced or entered any statute, rule, regulation, judgment, decree,
injunction or other order (whether temporary, preliminary or permanent) which is

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in effect
and prohibits or makes illegal the consummation of the transaction contemplated hereby.

     (g) Buyer shall have received Landlord Consents with respect to the Leases (except
Leases associated with a Rejected Branch as contemplated by Section 6.12 hereof),
which Landlord Consents must be in form and substance reasonably satisfactory to Buyer.

     (h) There shall not have occurred a Seller Material Adverse Effect unless such Seller
Material Adverse Effect has been cured on or prior to the earlier to occur of (i) the
30th day after written notice to the effect of any breach and (ii) the fifth
calendar day prior to the Closing Date.

     (i) The Book Value of the Loans included in the Acquired Assets as of the Closing Date
shall be not less than $315,000,000 (or $335,000,000 if Buyer shall not have purchased from
First Bank Business Capital, Inc. pursuant to the ABL Purchase Agreement at least
$100,000,000 at “Par Value” (as defined in the ABL Purchase Agreement) of asset-based loans
as determined on the closing date thereunder).

     (j) The Book Value of all Deposits included in the Assumed Liabilities as of the
Closing Date shall be not less than $1.0 billion; provided that for purposes of the
computation contemplated by this clause (j) 20% of the Deposits of the Rejected Branches
shall be excluded.

     (k) Seller will be a “well capitalized” institution pursuant to Federal banking
regulations, as determined by Seller in good faith and in consultation with Buyer on a pro
forma basis after giving effect to the Acquisition.

     (l) Buyer shall not have excluded from this Acquisition pursuant to the provisions of
Section 6.12 (which relates to Landlord Consents), Section 6.13 (which
relates to title insurance and land surveys) and Section 6.15 (which relates to
environmental liabilities) more than one (1) Branch.

     (m) The employment agreements between Buyer and the persons listed on Schedule
8.1(m), which employment agreements have been executed on or prior to the date hereof
and made effective as of the Closing Date, shall remain in full force and effect on and as
of the Closing Date and Buyer shall be satisfied that such person intends to honor and not
rescind such employment agreement.

     (n) At least eighty percent (80%) of the total number of commercial lenders and
business bankers who are Potential Employees to whom Buyer has made an offer of employment
shall have accepted Buyer’s offer of employment.

     (o) Seller shall have terminated or amended to Buyer’s satisfaction all agreements and
arrangements pursuant to which any other Person is required or permitted to use the name
“First Bank” or any variation thereof in connection with issuing credit cards, debit cards,
or prepaid cards within the Geographic Region.

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     (p) FB Parent shall have delivered to Buyer (i) a guaranty, pursuant to which it shall
have guaranteed the obligations of Seller under this Agreement, and (ii) a pledge agreement,
pursuant to which it shall have pledged and delivered to Buyer $2,000,000 in cash for a
period of two (2) years as collateral security for FB Parent’s obligations under such
guaranty, which guaranty and pledge agreement shall be in form and substance reasonably
acceptable to Buyer.

     (q) Buyer shall have received the funds, if any, and documents described in Section
9.1 below.

     8.2 Conditions to Obligation of Seller. The obligation of Seller to consummate the
transactions to be performed by it in connection with the Closing is subject to satisfaction of the
following conditions:

     (a) Buyer and Seller shall have procured all of the Regulatory Approvals required to
consummate the Acquisition and all applicable waiting periods (and any extensions thereof)
shall have expired or otherwise been terminated.

     (b) The representations and warranties of Buyer set forth in Article 5 above
shall be true and correct in all material respects (or in all respects, as to any
representation or warranty qualified by a standard of materiality) on the date of this
Agreement and at and as of the Closing Date(except for such breaches of representations and
warranties as of the date of this Agreement that have been cured on or prior to the earlier
to occur of (i) the 30th day after written notice to the effect of any breach,
and (ii) the fifth calendar day prior to the Closing Date).

     (c) Buyer shall have performed and complied with all of the covenants and agreements
required by the terms hereof to be performed or complied with by Buyer on or prior to the
Closing Date.

     (d) Seller shall have received the funds, if any, and documents described in
Section 9.2 below.

ARTICLE 9

ITEMS TO BE DELIVERED AT OR PRIOR TO CLOSING

     9.1 By Seller. Seller shall execute and/or deliver, as applicable, to Buyer (or shall
have caused to be executed and/or delivered to Buyer) prior to or at the Closing:

     (a) A certificate duly executed by an authorized officer of Seller stating that as of
the Closing Date, each of the conditions specified in Section 8.1(a) through
Section 8.1(c) are satisfied in all respects;

     (b) A Bill of Sale with respect to the Acquired Assets in a form mutually acceptable to
Buyer and Seller;

     (c) Special warranty deeds conveying the Acquired Owned Real Property, together with
such instruments and documentation that may reasonably be requested to

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transfer the Acquired
Owned Real Property in a form mutually acceptable to Buyer and Seller;

     (d) Subject to Buyer’s compliance with the provisions of Section 9.2(c) hereof,
title policies issued by Chicago Title Insurance Company in the Book Value of the Acquired
Owned Real Property in accordance with the procedures set forth in Section 6.13;

     (e) Assignment of the Leases in respect of the Leased Real Property in a form mutually
acceptable to Buyer and Seller;

     (f) Such other instruments, documents or certificates as may be reasonably requested by
Buyer in order to effect or carry out the intent of this Agreement, including a certificate
of the Secretary of Seller certifying as to Seller’s corporate authorizations,
organizational documents, good standing and the incumbency of the officers of Seller
executing the Seller Documents;

     (g) Contents, keys, documents and other records maintained at the Acquired Branches
directly pertaining to the safe deposit boxes maintained at the Acquired Branches (whether
rented or unrented) as the same may exist as of the close of business on the Closing Date;

     (h) All funds required to be paid to Buyer pursuant to the terms of this Agreement in
immediately available funds;

     (i) A certificate of non-foreign status pursuant to Treasury Regulations Section
1.1445-2(b)(2) from Seller;

     (j) For Loans that are a portion of the Acquired Assets:

     (i) The Limited Power of Attorney, attached hereto as Exhibit C; and

     (ii) Endorsement of, or allonge for, the applicable notes; and

     (iii) Execution of any additional assignment documents provided by Buyer
pursuant to Section 6.8(b); and

     (k) Such other Acquired Assets as shall be capable of physical delivery.

     9.2 By Buyer. Buyer shall deliver to Seller at or prior to the Closing:

     (a) Any funds required to be paid to Seller pursuant to the terms of this Agreement in
immediately available funds;

     (b) A certificate duly executed by an authorized officer of Buyer stating that, as of
the Closing Date, each of the conditions specified in Section 8.2(a) through
Section 8.2(c) is satisfied in all respects;

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     (c) Such other documents or instruments as may be reasonably required by Chicago Title
Insurance Company as customarily delivered by buyers (as opposed to sellers or other third
parties) in connection with its commitments to issue the title policies described
Section 8.1(e) including, without limitation any documents or information required
pursuant to any requirements set forth in the title commitments; and

     (d) Such other instruments, documents or certificates as may be reasonably requested by
Seller in order to effect or carry out the intent of this Agreement, including a certificate
of the Secretary of Buyer certifying as to Buyer’s corporate authorizations, organizational
documents, good standing and the incumbency of the officers of Buyer executing the Buyer
Documents.

ARTICLE 10

TERMINATION

     10.1 Termination of Agreement.

     (a) The Parties may terminate this Agreement by mutual written consent at any time
prior to the Closing Date.

     (b) Buyer may terminate this Agreement by giving written notice to Seller any time
prior to the Closing Date (i) in the event Seller has breached any representation, warranty,
or covenant contained in this Agreement in any material respect, Buyer has notified Seller
of the breach, and the breach has continued without cure for a period of thirty (30) days
after the notice of breach, (ii) if the Closing shall not have occurred on or before
February 28, 2010, by reason of the failure of any conditions precedent under Section
8.1 (unless the failure results primarily from Buyer breaching any representation,
warranty, or covenant contained in this Agreement); or (iii) there shall have occurred a
Seller Material Adverse Effect and such Seller Material Adverse Effect has not been cured on
or before the earlier to occur of (Y) the 30th calendar day following receipt by
Seller of written notice from Buyer of a Seller Material Adverse Effect, and (Z) the fifth
calendar day prior to the Closing Date.

     (c) Seller may terminate this Agreement by giving written notice to Buyer at any time
prior to the Closing Date (i) in the event Buyer has breached any representation, warranty,
or covenant contained in this Agreement in any material respect, Seller has notified Buyer
of the breach, and the breach has continued without cure for a period of
thirty (30) days after the notice of breach; (ii) if the Closing shall not have
occurred on or before February 28, 2010, by reason of the failure of any condition precedent
under Section 8.2 hereof (unless the failure results primarily from Seller breaching
any representation, warranty, or covenant contained in this Agreement), or (iii) there shall
have occurred a Buyer Material Adverse Effect and such Buyer Material Adverse Effect has not
been cured on or before the earlier to occur of (Y) the 30th calendar day
following receipt by Seller of written notice thereof from Buyer of a Buyer Material Adverse
Effect, and (Z) the fifth calendar day prior to the Closing Date.

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     10.2 Effect of Termination. If any Party terminates this Agreement pursuant to
Section 10.1 above, all rights and obligations of the Parties hereunder shall terminate
without any Liability of any Party to any other Party (except for any Liability of any Party then
in breach); provided, however, that the provisions contained in Section 6.3
(confidentiality) and Section 6.7(f) (non-solicitation) shall survive termination.

ARTICLE 11

REMEDIES FOR BREACH OF THIS AGREEMENT

     11.1 Survival. The Parties agree for all purposes of this Agreement that the
representations and warranties made by a Party are strictly relied upon by the Party to whom they
are made and may be relied upon and enforced by the Party to whom they are made, and shall survive
(in accordance with the provisions hereof), regardless of any investigation made or to be made by
or on behalf of the Party to whom they are made or whether such Party or its representatives or
advisors knew or should have known that such representations and warranties were inaccurate. All
representations and warranties of the Parties contained in this Agreement shall survive the Closing
and continue in full force and effect thereafter for a period of two (2) years following the
Closing Date, except for those representations and warranties (a) of Seller (i) contained in
Section 4.9 herein, which shall survive the Closing Date for a period of eight (8) years,
(ii) contained in Section 4.4 herein, which shall survive the Closing Date for a period of
sixty (60) days following the expiration of the statute of limitations (including any extension
thereof) for the Taxes giving rise to such claim, and (iii) contained in Sections 3.1,
3.2, 3.3, 3.4, 4.1 and 4.11, which shall survive the
Closing Date without end or termination, and (b) of Buyer contained in Sections 5.1,
5.2, 5.3 and 5.4, which shall survive the Closing Date without end or
termination, and thereafter neither Party (or other Indemnitee) may claim any Loss in relation to a
breach of any representation and warranty made by the other Party hereunder unless a claim for
indemnification arising out of such breach shall have been properly made on or prior to such expiry
date, in which case the obligation of the Indemnifying Party hereunder to indemnify the Indemnitee
hereunder for such claim shall survive until such time as such claim shall have been resolved and
fully satisfied. After the end of such expiry period, Seller’s obligation to indemnify the Buyer
Indemnitees, and Buyer’s obligation to indemnify the Seller Indemnitees, with respect to such
representations and warranties shall expire except with respect to a matter set forth in a claim
notice that shall have been properly given on or prior to such expiry date. It is further agreed
by the Parties that each Buyer Indemnitee’s rights to indemnification set forth in clauses (b)
through (f) of Section 11.2 hereof, and each Seller Indemnitees rights to indemnification
set forth in clauses (b) and (c) of Section 11.3 hereof, shall remain in full force and
effect indefinitely; provided, however, that the obligation of Seller to indemnify
the Buyer Indemnities pursuant to Section 11.2(d) hereof on account of an Excluded
Liability provided under Section 2.1(d)(ii) hereof shall survive the Closing and remain in
full force and effect for a period of eight (8) years following the Closing. The Parties agree
that, notwithstanding anything to the contrary contained herein, the rights and remedies of an
Indemnitee on account of the breach of or noncompliance with a representation, warranty, covenant
or agreement made herein in favor of such Indemnitee shall not be limited due to the fact that the
statement, fact, omission, conduct or occurrence upon which any claim of such breach of or
noncompliance with such representation, warranty, covenant or agreement is based shall be the
subject of any other representation, warranty, covenant or agreement contained herein that is not
breached or inaccurate.

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     11.2 Indemnification by Seller. Subject to the provisions of this Article 11,
Seller shall indemnify, defend and hold harmless Buyer, its Affiliates and the respective officers,
directors, employees, agents and representatives of Buyer and its Affiliates (each of whom may be
an Indemnitee pursuant to this Article 11) (collectively, the “Buyer Indemnitees”)
from and against, and pay and reimburse each such Buyer Indemnitee for, any and all Losses, whether
or not any such Losses arise out of any Third Party Claim, directly or indirectly arising out of,
from or in connection with:

     (a) any breach of any representation or warranty made by Seller under this Agreement
(including in the case of any Third Party Claim any Losses suffered by such Buyer Indemnitee
in the event that any third party unrelated to Buyer alleges facts that, if true, would
constitute or result in a breach by Seller of any such representation or warranty);

     (b) any default or breach of any covenant, obligation or agreement on the part of
Seller under this Agreement (including in the case of any Third Party Claim any Losses
suffered by such Buyer Indemnitee in the event that any third party unrelated to Buyer
alleges facts that, if true, would constitute or result in a breach by Seller of any such
covenant, obligation or agreement);

     (c) any Excluded Asset;

     (d) any Excluded Liability;

     (e) any check or other instrument drawn on or deposited into a Branch Deposit account
(i) on or prior to the Closing Date upon which a forgery (signature or endorsement) or
alteration claim is asserted against Buyer or as to which a proper endorsement is lacking,
or (ii) prior to or after the Closing Date that involves a check kiting scheme that was
initiated on or prior to the Closing Date;

     (f) any chargeback occurring after the Closing Date on a Deposit account to the extent
that such chargeback exceeds the funds in the account on the date of such chargeback but
solely to the extent that such chargeback resulted from a violation of Seller’s expedited
funds availability policy in effect on the date such funds were deemed collected on the
account (provided that Buyer shall reimburse Seller for any sums so indemnified to the
extent that Seller recoups any funds so charged back from subsequent deposits into the
Deposit account so transferred); or

     (g) the ownership or operation of the Branches or their business and properties
(including the Acquired Assets and the Deposits) on or prior to the Closing Date, but
excluding all Assumed Liabilities.

     11.3 Indemnification by Buyer. Subject to the provisions of this Article 11,
Buyer shall indemnify, defend and hold harmless Seller, its Affiliates and the respective officers,
directors, employees, agents and representatives of Seller and its Affiliates (each of whom may be
an Indemnitee pursuant to this Article 11) (collectively, the “Seller Indemnitees”)
from and against, and pay and reimburse each such Seller Indemnitee for, any and all Losses,
whether or

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not any such Losses arise out of any Third Party Claim, directly or indirectly arising out of,
from or in connection with:

     (a) any breach of any representation or warranty made by Buyer under this Agreement
(including in the case of any Third Party Claim any Losses suffered by such Seller
Indemnitee in the event that any third party unrelated to Seller alleges facts that, if
true, would constitute or result in a breach by Buyer of any such representation or
warranty);

     (b) any default or breach of any covenant, obligation or agreement on the part of Buyer
under this Agreement (including in the case of any Third Party Claim any Losses suffered by
such Seller Indemnitee in the event that any third party unrelated to Seller alleges facts
that, if true, would constitute or result in a breach by Buyer of any such covenant,
obligation or agreement);

     (c) any physical damage to Seller’s Real Estate Interests caused by Buyer or its agent
in connection with any Phase II Environmental Assessments conducted by Buyer; or

     (d) any of the Acquired Assets or the Assumed Liabilities, except in each case to the
extent that indemnification for any thereof would be required by Seller pursuant to
Section 11.2.

     11.4 Limitations on Indemnity.

     (a) Seller will have no Liability to the Buyer Indemnitees for indemnification for any
breach of any of Seller’s representations and warranties pursuant to Section 11.2(a)
hereof (i) until the total of all Losses with respect to such matters exceeds $150,000 in
the aggregate (the “Loss Threshold”), at which point Seller will be obligated to
indemnify the Buyer Indemnitees from and against all such Losses relating back to the first
dollar, and (ii) to the extent such Losses shall exceed sixty percent (60%) of the dollar
amount of the premium computed on the Closing Date pursuant to Section 2.2(a)(i)
hereof (the “Cap”); provided, however, that the obligation of Seller
to indemnify the Buyer Indemnitees pursuant to Section 11.2(a) hereof on account of
the breach by Seller of any representation and warranty made by Seller pursuant to
Sections 3.1, 3.2, 3.3, 3.4, 4.1 (except as to that
portion of the representation contained in Sections 4.1 relating to the physical
condition of Acquired Tangible Personal Property), 4.10 (to the extent such Losses
relate to Excluded Loans), 4.11 and 4.12 hereof shall not be subject to the
Loss Threshold or the Cap. Buyer will have no Liability to the Seller Indemnitees for
indemnification for any breach of any of Buyer’s representations and warranties pursuant to
Section 11.3(a) hereof (i) until the total of all Losses with respect to such
matters exceeds the Loss Threshold, at which point Buyer will be obligated to indemnify the
Seller Indemnitees from and against all such Losses relating back to the first dollar, and
(ii) to the extent such Losses shall exceed the Cap; provided, however, that
the obligation of Buyer to indemnify the Seller Indemnitees pursuant to Section
11.3(a) hereof on account of the breach by Buyer of any representation and warranty made
by Buyer

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pursuant to Sections 5.1, 5.2, or 5.3 hereof shall not be
subject to the Loss Threshold or the Cap.

     (b) If an Indemnitee desires to seek indemnification for any Loss for which it is
entitled to be indemnified pursuant to this Article 11, such Indemnitee shall
deliver written notice of its claim for indemnification to the Party against whom such
indemnification is being sought, provided, however, no Indemnitee shall be
entitled to be indemnified pursuant to Section 11.2(a) or 11.3(a) hereof in
respect of the breach of any representation or warranty made by a Party unless the
Indemnitee seeking indemnification shall have given such written notice to the indemnifying
Party prior to the expiration of the survival period for such representation or warranty as
set forth pursuant to Section 11.1 hereof. Such written notice shall set forth in
reasonable detail the basis (to the extent actually known by the Indemnitee) upon which such
claim for indemnity is made. In the event that any such claim is made within such
prescribed period, the indemnity relating to such claim shall survive until such claim is
resolved and fully satisfied.

     (c) The Buyer Indemnitees may seek payment and full and complete indemnity from Seller
in respect of any and all Losses or Third Party Claims under Sections 11.2(b),
11.2(c), 11.2(d), 11.2(e) and 11.2(f), and the Seller
Indemnitees may seek payment and full and complete indemnity from Buyer in respect of any
and all Losses or Third Party Claims under Sections 11.3(b), 11.3(c) and
11.3(d), and such indemnity shall not be subject to the Loss Threshold or the Cap.

     (d) Notwithstanding anything to the contrary contained in this Agreement, the Parties
agree that in the event that there shall arise or exist one or more Pre-Closing
Environmental Liabilities for which the Buyer Indemnitees are otherwise entitled to be
indemnified pursuant to Section 11.2(d) hereof, Buyer agrees to share with Seller,
and remain liable for and not seek from Seller indemnification for, fifty percent (50%) of
the first One Million Dollars ($1,000,000) of Losses arising out of all such Pre-Closing
Environmental Liabilities unless, with respect to any Pre-Closing Environmental Liability,
(i) such Pre-Closing Environmental Liability is attributable or related to a breach or
violation of the representations and warranties made by Seller pursuant to Article 4
hereof, (ii) such Pre-Closing Environmental Liability was disclosed on Schedule
4.9(a) or 4.9(g) or in the documents (or attachments to the documents) referred
to on Schedule 4.9(a) or 4.9(g), or (iii) such Pre-Closing Environmental
Liability was revealed during or in connection with the Phase I Environmental and Hazardous
Materials Assessment or Phase II Assessments conducted by Buyer pursuant to Section
6.15 hereof (other than any such Pre-Closing Environmental Liability so revealed on any
such assessment to the extent that the remediation costs in respect thereof constitute an
Assumed Liability pursuant to Section 2.1(c)(iv) hereof).

     11.5 Third Party Claims.

     (a) In no event shall any Indemnifying Party under this Agreement be liable with
respect to any Third Party Claim against any Indemnitee unless the following conditions are
satisfied:

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     (i) Except as provided in clause (ii) of this Section 11.5(a), no right
to indemnification under this Article 11 for a Third Party Claim shall be
available to an Indemnitee unless the Indemnitee shall have delivered to the
Indemnifying Party within the Notice Period a notice describing in reasonable detail
the facts (to the extent reasonably known by such Indemnitee) giving rise to such
Third Party Claim (a “Claim Notice”) and stating that the Indemnitee intends
to seek indemnification for such Third Party Claim from the Indemnitor pursuant to
this Article 11.

     (ii) If, in the case of a Third Party Claim, a Claim Notice is not given by the
Indemnitee within the Notice Period, the Indemnitee shall nevertheless be entitled
to be indemnified under this Article 11 except to the extent that the
Indemnifying Party can establish that the Indemnifying Party has been actually and
materially prejudiced by such time elapsed.

     (b) Upon receipt of a Claim Notice from an Indemnitee with respect to a Third Party
Claim and so long as the Indemnifying Party shall have acknowledged in writing its
unconditional obligation to indemnify the Indemnitee for all Losses arising out of such
Third Party Claim, the Indemnifying Party will have the right, at its expense, to assume and
thereafter conduct the defense of the Third Party Claim with counsel of its choice
reasonably satisfactory to the Indemnitee; provided, however, that the
Indemnifying Party will not consent to the entry of any judgment or enter into any
settlement with respect to the Third Party Claim without the prior written consent of the
Indemnitee (such consent not to be withheld or delayed unreasonably) unless the judgment or
proposed settlement (i) involves only the payment of money damages pursuant to which each
plaintiff or other claimant shall have agreed to unconditionally release the Indemnitee from
all liability in respect thereof, and (ii) does not impose an injunction or other equitable
relief upon the Indemnitee and does not relate to a claim under or related to any
Environmental Laws. The Indemnitee shall have the right to employ separate counsel at such
Indemnitee’s expense in connection with any such Third Party Claim and to participate in the
defense thereof; provided, however, that the reasonable fees and expenses of
counsel employed by the Indemnitee shall be at the expense of the Indemnifying Party if (i)
such counsel is retained pursuant to clause (c) of this Section 11.5, (ii) the named
parties to any such Third Party Claim include both the Indemnitee and the Indemnifying Party
and in the reasonable judgment of the Indemnitee, representation of the Indemnitee and the
Indemnifying Party by the same counsel would be inadvisable due to actual or potential
differing defenses or counterclaims or conflicts of interests between them, or (iii) the
employment of such counsel has been specifically authorized in writing by the Indemnifying
Party. Notwithstanding the foregoing, the Indemnifying Party shall not be entitled to
assume and control (but shall have the right to participate at its own expense in the
defense of), and the Indemnitee shall be entitled to have sole control over (with counsel of
its own choosing reasonably satisfactory to and at the expense of the Indemnifying Party),
the defense or settlement of any Third Party Claim (without prejudicing the right of the
Indemnitee to enforce its claim for indemnification against the Indemnifying Party under
this Agreement) to the extent such Third Party Claim seeks an order, injunction,
non-monetary or other equitable relief against the Indemnitee which, if

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successful, could result in a material adverse effect upon the business, financial
condition, results of operations or assets of the Indemnitee.

     (c) If the Indemnifying Party does not assume the defense of such Third Party Claim
within twenty (20) days after receipt of the Claim Notice, the Indemnitee shall have the
right (including prior to the time the Indemnifying Party shall have assumed such defense),
with counsel of its own choosing reasonably satisfactory to and at the expense of the
Indemnifying Party, to assume and control the defense of, and settle or agree to pay in
full, such Third Party Claim; provided, however, that, so long as the
Indemnifying Party has acknowledged in writing its unconditional obligation to indemnify the
Indemnitee for such Third Party Claim, the Indemnitee shall not consent to the entry of a
judgment or enter into any settlement with respect to such Third Party without the prior
written consent of the Indemnifying Party (which consent shall not be unreasonably withheld
or delayed) unless such Third Party Claim seeks an order, injunction, non-monetary or other
equitable relief against the Indemnitee which, if successful, could result in a material
adverse effect upon the business, financial condition, results of operations or assets of
the Indemnitee; and, provided, further, that the assumption of the defense
of, and the consent to the entry of a judgment or entering into any settlement with respect
to, such Third Party Claim as provided in this clause (c) shall be without prejudice to the
right of the Indemnitee to enforce its claim for indemnification against the Indemnifying
Party under this Agreement.

     (d) Notwithstanding anything to the contrary contained in this Section 11.5, if
a Third Party Claim includes or would reasonably be expected to include both a claim for
Taxes that are not Excluded Liabilities pursuant to Section 2.1(d) (“Buyer
Taxes”) and a claim for Seller Taxes, and such claim for Seller Taxes is not separable
from such a claim for Buyer Taxes, Buyer (if the claim for Buyer Taxes exceeds or reasonably
would be expected to exceed in amount the claim for Seller Taxes) or otherwise Seller
(Seller or Buyer, as the case may be, the “Controlling Party”) shall be entitled to
control the defense of such Third Party Claim (such Third Party Claim, a “Tax
Claim”). In such case, the other party (Seller or Buyer, as the case may be, the
“Non-Controlling Party”) shall be entitled to participate fully (at the
Non-Controlling Party’s sole expense) in the conduct of such Tax Claim and the Controlling
Party shall not settle such Tax Claim without the consent of such Non-Controlling Party
(which consent shall not be unreasonably withheld, conditioned or delayed). The costs and
expenses of conducting the defense of such Tax Claim shall be reasonably apportioned based
on the relative amounts of the Tax Claim that are Seller Taxes and that are Buyer Taxes.

     (e) After the Closing Date, Buyer and Seller shall (i) each cooperate fully with the
other as to all Third Party Claims involving them, shall make available to the other, as
reasonably requested, all information, records and documents relating to all Third Party
Claims involving them and shall preserve all such information, records and documents until
the termination of any Third Party Claim involving them, and (ii) make available to the
other, as reasonably requested and at the reasonable cost and expense of the requesting
party, personnel, agents and other representatives who are responsible for preparing or
maintaining information, records or other documents, or who may have particular knowledge,
with respect to any Third Party Claim involving them.

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     11.6 Losses Computed Without Giving Effect to Materiality. The determination of
whether there shall have occurred a breach of a representation or warranty for which
indemnification is available under Section 11.2(a) or 11.3(a), as the case may be,
and the amount of any Losses or Third Party Claims for which an Indemnitee is entitled to seek
indemnification under such sections, as applicable, shall be made, determined and calculated
without regard to any material adverse effect or other materiality qualification set forth in the
relevant representation or warranty.

     11.7 Indemnity Payments Treated as Adjustments to Purchase Price. Buyer and Seller
agree to treat any indemnification payments made by Buyer or Seller pursuant to this Article
11 as an adjustment to the purchase price unless Buyer or Seller receives a written opinion,
reasonably satisfactory in form and substance to the other, of a law firm with appropriate
experience and expertise to the effect that it is not or is not likely to be permissible to treat
such payments in that manner on a federal, state or local income tax return.

     11.8 After-Tax Nature of Indemnity Payments. In the event that pursuant to
Section 11.7 the Parties are unable to treat any indemnification payments as an adjustment
to the purchase price, any such payment or indemnity required to be made pursuant to Section
11.2 or 11.3 hereof shall include any amount necessary to hold the Indemnitee harmless
on an after-tax basis from all Taxes required to be paid with respect to the receipt of such
payment or indemnity. In determining the amount necessary to be added to any payment or indemnity
in order to accomplish the foregoing, the parties hereto agree to treat all Taxes required to be
paid by any Indemnitee as if such Indemnitee were subject to tax at the highest marginal tax rates
(for both federal and state, as determined on a combined basis) applicable to such Indemnitee (or
such ultimate taxpayers).

     11.9 Third Party Beneficiaries. All Persons included within the terms “Buyer
Indemnitees” and “Seller Indemnitees” are intended third party beneficiaries of this Article
11 and shall have the right to enforce the benefits intended to be conferred upon each of them
under this Article 11 as though they were parties to this Agreement.

ARTICLE 12

MISCELLANEOUS

     12.1 Governing Law. This Agreement shall be governed by and construed in accordance
with the domestic laws of the State of Illinois without giving effect to any choice or conflict of
law provision or rule (whether of the State of Illinois or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of Illinois.

     12.2 Consent to Jurisdiction; Waiver of Jury Trial.

     (a) Each of the parties hereto hereby irrevocably and unconditionally submits, for
itself and its property, to the jurisdiction of any State or Federal court sitting in the
State and City of Akron, Ohio and any appellate court from any thereof, in any action or
proceeding arising out of or relating to this Agreement or the transactions contemplated
hereby or for recognition or enforcement of any judgment relating thereto, and each of the
parties hereto hereby irrevocably and unconditionally agrees that all claims in respect

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of any such action or proceeding may be heard and determined in such Federal court.
Each of the parties hereto agrees that a final, non-appealable judgment in any such action
or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment in any other manner provided by law.

     (b) Each of the parties hereto hereby irrevocably and unconditionally waives, to the
fullest extent it may legally and effectively do so, any objection which it may now or
hereafter have to the laying of venue of any suit, action or proceeding arising out of or
relating to this Agreement or the transactions contemplated hereby in any State or Federal
court sitting in the State and City of Akron, Ohio. Each of the parties hereto hereby
irrevocably and unconditionally waives, to the fullest extent permitted by law, the defense
of any inconvenient forum to the maintenance of such action or proceeding in any such court.

     (c) Each of the parties hereto irrevocably consents to service of process in the manner
provided for notices in Section 12.6 hereof. Notwithstanding the foregoing, each of
the parties hereto shall have the right to serve process in any other manner permitted by
law.

     12.3 Waiver of Punitive Damages and Jury Trial. 

     (a) EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THE DEFINITION OF LOSSES, THE PARTIES TO
THIS AGREEMENT EXPRESSLY WAIVE AND FOREGO ANY RIGHT TO RECOVER PUNITIVE, EXEMPLARY,
CONSEQUENTIAL OR SIMILAR DAMAGES IN ANY LAWSUIT, LITIGATION, ARBITRATION OR PROCEEDING
ARISING OUT OF OR RESULTING FROM ANY CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

     (b) EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE
UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

     (c) EACH PARTY HERETO CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE WAIVERS SET FORTH IN CLAUSE (a)
OF THIS SECTION 12.3, (II) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF
SUCH WAIVERS, (III) IT MAKES SUCH WAIVERS VOLUNTARILY, AND (IV) IT HAS BEEN INDUCED TO ENTER
INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS IN SUCH SECTION.

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     12.4 Successors and Assigns; No Third-Party Rights. No Party may assign any of its
rights or delegate any of its obligations under this Agreement without the prior written consent of
the other Parties. This Agreement will apply to, be binding in all respects upon, and inure to the
benefit of the successors and permitted assigns of the Parties. Except as otherwise provided in
Article 11 hereof, nothing expressed or referred to in this Agreement will be construed to
give any Person other than the Parties any legal or equitable right, remedy, or claim under or with
respect to this Agreement or any provision of this Agreement. This Agreement and all of its
provisions and conditions are for the sole and exclusive benefit of the Parties to this Agreement
and their successors and permitted assigns.

     12.5 Entire Agreement; Amendment. This Agreement and the other documents delivered
pursuant to this Agreement at the Closing and the Non-disclosure Agreement constitute the full and
entire understanding and agreement between the Parties with regard to the subjects hereof and
thereof, and supersede all prior agreements and merge all prior discussions, negotiations,
proposals and offers (written or oral) between them, and no Party shall be liable or bound to any
other Party in any manner by any warranties, representations or covenants except as specifically
set forth herein or therein. In the event of a conflict between the terms and provisions of the
Non-disclosure Agreement and the terms and provisions of this Agreement, the terms and provisions
of this Agreement shall be controlling.

     12.6 Notices. All notices, requests, demands, claims, and other communications
hereunder shall be in writing and shall be given by registered or certified mail, return receipt
requested, postage prepaid, by telecopier or by national overnight delivery service, and addressed
to the intended recipient as set forth below:

	 	 	 
	If to Seller:

	 	With a Copy to:
	 
	 	 
	Terrance M. McCarthy

	 	Walt G. Moeling, IV, Esq.
	President

	 	Bryan Cave, LLP
	First Bank

	 	1201 West Peachtree St, NW
	135 N. Meramec

	 	Fourteenth Floor
	Clayton, Missouri 63105

	 	Atlanta, Georgia 30309
	Facsimile: (314) 854-5690

	 	Facsimile: (404) 420-0038
	 
	 	 
	and

	 	and

	 
	 	 
	Peter D. Wimmer

	 	B.T. Atkinson, Esq.
	Senior Vice President and General Counsel

	 	Bryan Cave, LLP
	First Bank

	 	One Wachovia Center
	135 N. Meramec, Suite 410

	 	301 S. College Street, Suite 3700
	Clayton, Missouri 63105

	 	Charlotte, North Carolina 28202
	Facsimile: (314) 854-4617

	 	Facsimile: (704) 749-9354

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	If to Buyer:

	 	With a Copy to:
	 
	 	 
	FirstMerit Bank, N.A.

	 	Jeffrey M. Werthan, Esq.
	Paul G. Greig

	 	Katten Muchin Rosenman LLP
	Chairman, President and CEO

	 	2900 K Street, NW, Suite 200
	III Cascade Plaza, CAS 80

	 	Washington, DC 20007
	Akron, Ohio 44308

	 	Facsimile: (202) 339-8281
	Facsimile: (330) 384-7271

	 	 
	 
	 	 
	and

	 	and

	 
	 	 
	Judith A. Steiner, Esq.

	 	Steven C. Schnitzer, Esq.
	Executive V.P., Secretary & General Counsel

	 	Katten Muchin Rosenman LLP
	FirstMerit Bank, N.A.

	 	2900 K Street, NW, Suite 200
	III Cascade Plaza, CAS 80

	 	Washington, DC 20007
	Akron, Ohio 44308

	 	Facsimile: (202) 339-8293
	Facsimile: (330) 384-7271
	 	 

Any notice given in the manner aforesaid shall be deemed to have been served, and shall be
effective for all purposes hereof on the date of its receipt by the party to be notified. Any
Party may change the address to which notices, requests, demands, claims, and other communications
hereunder are to be delivered by giving the other Party notice in the manner herein set forth.

     12.7 Amendments and Waivers. Except as expressly provided in this Agreement, neither
this Agreement nor any term hereof may be amended, waived, discharged or terminated other than by a
written instrument signed by the Party against whom enforcement of any such amendment, waiver,
discharge or termination is sought. No waiver by any Party of any default, misrepresentation, or
breach of warranty or covenant hereunder, whether intentional or not, shall be deemed to extend to
any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or
affect in any way any rights arising by virtue of any prior or subsequent such occurrence.

     12.8 Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be enforceable against the parties actually executing such counterparts, and all of
which together shall constitute one instrument. A signature on a counterpart may be a facsimile or
an electronically transmitted signature, and such signature shall have the same force and effect as
an original signature.

     12.9 Severability. In the event that any provision of this Agreement becomes or is
declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement
shall continue in full force and effect without said provision.

     12.10 Titles and Subtitles. The titles and subtitles used in this Agreement are used
for convenience only and are not considered in construing or interpreting this Agreement.

     12.11 Construction. The Parties have participated jointly in the negotiation and
drafting of this Agreement. In the event an ambiguity or question of intent or interpretation
arises, this

82

 

Agreement shall be construed as if drafted jointly by the Parties and no presumption or burden
of proof shall arise favoring or disfavoring any Party by virtue of the authorship of any of the
provisions of this Agreement. All plural nouns and pronouns shall be deemed to include the
singular case thereof where the context requires, and vice versa. All pronouns shall be gender
neutral unless the context otherwise requires. Any reference to any federal, state, local, or
foreign statute or law shall be deemed also to refer to all rules and regulations promulgated
thereunder, unless the context otherwise requires. The word “including” shall mean including
without limitation. Whenever the word “indemnification”, “indemnify” or “indemnified” is used
herein with respect to any Indemnitee’s right to indemnification (or words of correlative meaning)
from an Indemnifying Party hereunder, including as provided in Article 11 hereof or any
other Article or Section hereof, then such Indemnitee’s right to “indemnification” or to be
“indemnified” (or words of correlative meaning) shall be deemed to include the right to be defended
or held harmless, and paid and reimbursed, with respect to such matter or claim or Loss or
Liability as to which the word “indemnification” or “indemnified” or “indemnify” shall apply,
unless otherwise expressly provided to the contrary.

     12.12 Expenses. Other than expressly provided herein, each Party will bear its
respective expenses incurred in connection with the preparation, execution, and performance of this
Agreement, filing any regulatory notices or applications, and the Acquisition, including all fees
and expenses of agents, representatives, counsel, and accountants. In the event of termination of
this Agreement, the obligation of each Party to pay its own expenses will be subject to any rights
of such Party arising from a breach of this Agreement by another Party.

     12.13 Waiver of Compliance with Bulk Sales Laws.
Buyer and Seller hereby waive compliance by them in connection with the transactions
contemplated by this Agreement with the provisions of Article 6 of the Uniform Commercial Code as
adopted in states where any of the Acquired Assets are located, and any other applicable bulk sales
laws with respect to or requiring notice to any of Seller’s creditors or taxing authorities and any
related withholding requirements, in effect as of the date of the Closing. Seller shall fully
indemnify, reimburse and hold harmless Buyer against all Liabilities, damages or expenses which
Buyer may suffer or incur due to Seller’s failure to so comply.

     12.14 Next Business Day. In the event that either Party is required by this Agreement
to perform any action or delivery on a Saturday, Sunday or any holiday observed by the Federal
Reserve, such Party may perform the action or delivery on the following Business Day.

[Signature Page Follows]

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     IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first above written.

	 	 	 	 	 
	 	FIRSTMERIT BANK, N.A.

 	 
	 	By:  	/s/ Terrence E. Bichsel
 	 
	 	 	Name:  	Terrence E. Bichsel 	 
	 	 	Title:  	Executive Vice President and Chief Financial

Officer 	 
	 
	 	FIRST BANK

 	 
	 	By:  	/s/ Terrance M. McCarthy
 	 
	 	 	Name:  	Terrance M. McCarthy 	 
	 	 	Title:  	Chairman, President and Chief Executive Officer

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