Document:

Unassociated Document

     

    JACKSONVILLE
      BANCORP, INC.

    as
      Company

     

    INDENTURE

    Dated
      as
      of June 20, 2008

     

    WELLS
      FARGO BANK, NATIONAL ASSOCIATION

    As
      Trustee

     

    JUNIOR
      SUBORDINATED DEBT SECURITIES 

     

    Due
      September 15, 2038

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      TABLE
        OF CONTENTS

    

     

    
      	 	 	
              Page

            
	 	 	 
	
              ARTICLE
                I

            
	
               DEFINITIONS

            
	 	 	 
	
              SECTION 1.01.

            	
              Definitions

            	
              1

            
	 	 	 
	
              ARTICLE II

            
	
              DEBT SECURITIES

            
	 	 	 
	
              SECTION 2.01.

            	
              Authentication
                and Dating

            	
              9

            
	 	 	 
	
              SECTION 2.02.

            	
              Form
                of Trustee's Certificate of Authentication

            	
              9

            
	 	 	 
	
              SECTION 2.03.

            	
              Form
                and Denomination of Debt Securities

            	
              10

            
	 	 	 
	
              SECTION 2.04.

            	
              Execution
                of Debt Securities

            	
              10

            
	 	 	 
	
              SECTION 2.05.

            	
              Exchange
                and Registration of Transfer of Debt Securities

            	
              10

            
	 	 	 
	
              SECTION 2.06.

            	
              Mutilated,
                Destroyed, Lost or Stolen Debt Securities

            	
              13

            
	 	 	 
	
              SECTION 2.07.

            	
              Temporary
                Debt Securities

            	
              14

            
	 	 	 
	
              SECTION 2.08.

            	
              Payment
                of Interest

            	
              15

            
	 	 	 
	
              SECTION 2.09.

            	
              Cancellation
                of Debt Securities Paid, etc

            	
              16

            
	 	 	 
	
              SECTION 2.10.

            	
              Computation
                of Interest

            	
              16

            
	 	 	 
	
              SECTION 2.11.

            	
              Extension
                of Interest Payment Period

            	
              18

            
	 	 	 
	
              SECTION 2.12.

            	
              CUSIP
                Numbers

            	
              19

            
	 	 	 
	
              SECTION 2.13.

            	
              Income
                Tax Certification

            	
              19

            
	 	 	 
	
              SECTION 2.14.

            	
              Global
                Debentures

            	
              19

            
	 	 	 
	
              ARTICLE III

            
	
              PARTICULAR COVENANTS OF THE COMPANY

            
	 	 	 
	
              SECTION 3.01.

            	
              Payment
                of Principal, Premium and Interest; Agreed Treatment of the Debt
                Securities

            	
              21

            
	 	 	 
	
              SECTION 3.02.

            	
              Offices
                for Notices and Payments, etc

            	
              22

            
	 	 	 
	
              SECTION 3.03.

            	
              Appointments
                to Fill Vacancies in Trustee's Office

            	
              23

            
	 	 	 
	
              SECTION 3.04.

            	
              Provision
                as to Paying Agent

            	
              23

            
	 	 	 
	
              SECTION 3.05.

            	
              Certificate
                to Trustee

            	
              24

            
	 	 	 
	
              SECTION 3.06.

            	
              Additional
                Interest

            	
              24

            
	 	 	 
	
              SECTION 3.07.

            	
              Compliance
                with Consolidation Provisions

            	
              24

            
	 	 	 
	
              SECTION 3.08.

            	
              Limitation
                on Dividends

            	
              25

            
	 	 	 
	
              SECTION 3.09.

            	
              Covenants
                as to the Trust

            	
              25

            

    

     

    
      
        
        

      

      
        -i-

        
          

        

      

      
        
        

      

    

     

    TABLE
      OF CONTENTS

    (CONTINUED)

     

    
      	 	 	
              Page

            
	 	 	 
	
               ARTICLE IV

            
	
              LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

            
	 	 	 
	
              SECTION 4.01.

            	
              Securityholders'
                Lists

            	
              26

            
	 	 	 
	
              SECTION 4.02.

            	
              Preservation
                and Disclosure of Lists

            	
              26

            
	 	 	 
	
              SECTION 4.03.

            	
              Financial
                and Other Information

            	
              27

            
	 	 	 
	
               ARTICLE V

            
	
              REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS UPON AN EVENT OF DEFAULT

            
	 	 	 
	
              SECTION 5.01.

            	
              Events
                of Default

            	
              28

            
	 	 	 
	
              SECTION 5.02.

            	
              Payment
                of Debt Securities on Default; Suit Therefor

            	
              30

            
	 	 	 
	
              SECTION 5.03.

            	
              Application
                of Moneys Collected by Trustee

            	
              31

            
	 	 	 
	
              SECTION 5.04.

            	
              Proceedings
                by Securityholders

            	
              32

            
	 	 	 
	
              SECTION 5.05.

            	
              Proceedings
                by Trustee

            	
              32

            
	 	 	 
	
              SECTION 5.06.

            	
              Remedies
                Cumulative and Continuing

            	
              33

            
	 	 	 
	
              SECTION 5.07.

            	
              Direction
                of Proceedings and Waiver of Defaults by Majority of
                Securityholders

            	
              33

            
	 	 	 
	
              SECTION 5.08.

            	
              Notice
                of Defaults

            	
              34

            
	 	 	 
	
              SECTION 5.09.

            	
              Undertaking
                to Pay Costs

            	
              34

            
	 	 	 
	
               ARTICLE VI

            
	
              CONCERNING THE TRUSTEE

            
	 	 	 
	
              SECTION 6.01.

            	
              Duties
                and Responsibilities of Trustee

            	
              35

            
	 	 	 
	
              SECTION 6.02.

            	
              Reliance
                on Documents, Opinions, etc

            	
              36

            
	 	 	 
	
              SECTION 6.03.

            	
              No
                Responsibility for Recitals, etc

            	
              37

            
	 	 	 
	
              SECTION 6.04.

            	
              Trustee,
                Authenticating Agent, Paying Agents, Transfer Agents or Registrar
                May Own
                Debt Securities

            	
              37

            
	 	 	 
	
              SECTION 6.05.

            	
              Moneys
                to be Held in Trust

            	
              37

            
	 	 	 
	
              SECTION 6.06.

            	
              Compensation
                and Expenses of Trustee

            	
              38

            
	 	 	 
	
              SECTION 6.07.

            	
              Officers'
                Certificate as Evidence

            	
              39

            
	 	 	 
	
              SECTION 6.08.

            	
              Eligibility
                of Trustee

            	
              39

            
	 	 	 
	
              SECTION 6.09.

            	
              Resignation
                or Removal of Trustee, Calculation Agent, Paying Agent or Debt Security
                Registrar

            	
              39

            
	 	 	 
	
              SECTION 6.10.

            	
              Acceptance
                by Successor

            	
              41

            

    

     

    
      
        
        

      

      
        -ii-

        
          

        

      

      
        
        

      

    

     

    TABLE
      OF CONTENTS

    (CONTINUED)

     

    
      	 	 	
              Page

            
	 	 	 
	
              SECTION 6.11.

            	
              Succession
                by Merger, etc

            	
              42

            
	 	 	 
	
              SECTION 6.12.

            	
              Authenticating
                Agents

            	
              42

            
	 	 	 
	
               ARTICLE VII

            
	
              CONCERNING THE SECURITYHOLDERS

            
	 
	
              SECTION 7.01.

            	
              Action
                by Securityholders

            	
              43

            
	 	 	 
	
              SECTION 7.02.

            	
              Proof
                of Execution by Securityholders

            	
              44

            
	 	 	 
	
              SECTION 7.03.

            	
              Who
                Are Deemed Absolute Owners

            	
              44

            
	 	 	 
	
              SECTION 7.04.

            	
              Debt
                Securities Owned by Company Deemed Not Outstanding

            	
              45

            
	 	 	 
	
              SECTION 7.05.

            	
              Revocation
                of Consents; Future Securityholders Bound

            	
              45

            
	 	 	 
	
               ARTICLE VIII

            
	
              SECURITYHOLDERS' MEETINGS

            
	 
	
              SECTION 8.01.

            	
              Purposes
                of Meetings

            	
              45

            
	 	 	 
	
              SECTION 8.02.

            	
              Call
                of Meetings by Trustee

            	
              46

            
	 	 	 
	
              SECTION 8.03.

            	
              Call
                of Meetings by Company or Securityholders

            	
              46

            
	 	 	 
	
              SECTION 8.04.

            	
              Qualifications
                for Voting

            	
              46

            
	 	 	 
	
              SECTION 8.05.

            	
              Regulations

            	
              47

            
	 	 	 
	
              SECTION 8.06.

            	
              Voting

            	
              47

            
	 	 	 
	
              SECTION 8.07.

            	
              Quorum;
                Actions

            	
              48

            
	 	 	 
	
              SECTION 8.08.

            	
              Written
                Consent Without a Meeting

            	
              48

            
	 	 	 
	
               ARTICLE IX

            
	
              SUPPLEMENTAL INDENTURES

            
	 
	
              SECTION 9.01.

            	
              Supplemental
                Indentures without Consent of Securityholders

            	
              49

            
	 	 	 
	
              SECTION 9.02.

            	
              Supplemental
                Indentures with Consent of Securityholders

            	
              50

            
	 	 	 
	
              SECTION 9.03.

            	
              Effect
                of Supplemental Indentures

            	
              51

            
	 	 	 
	
              SECTION 9.04.

            	
              Notation
                on Debt Securities

            	
              51

            
	 	 	 
	
              SECTION 9.05.

            	
              Evidence
                of Compliance of Supplemental Indenture to be furnished to
                Trustee

            	
              52

            
	 	 	 
	
               ARTICLE X

            
	
              REDEMPTION OF SECURITIES

            
	 
	
              SECTION 10.01.

            	
              Optional
                Redemption

            	
              52

            
	 	 	 
	
              SECTION 10.02.

            	
              Special
                Event Redemption

            	
              52

            

    

     

    
      
        
        

      

      
        -iii-

        
          

        

      

      
        
        

      

    

    
       

      TABLE
        OF CONTENTS

      (CONTINUED)

    

     

    
      	 	 	
              Page

            
	 	 	 
	
              SECTION 10.03.

            	
              Notice
                of Redemption; Selection of Debt Securities

            	
              52

            
	 	 	 
	
              SECTION 10.04.

            	
              Payment
                of Debt Securities Called for Redemption

            	
              53

            
	 	 	 
	
               ARTICLE XI

            
	
              CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE

            
	 
	
              SECTION 11.01.

            	
              Company
                May Consolidate, etc., on Certain Terms

            	
              54

            
	 	 	 
	
              SECTION 11.02.

            	
              Successor
                Entity to be Substituted

            	
              55

            
	 	 	 
	
              SECTION 11.03.

            	
              Opinion
                of Counsel to be Given to Trustee

            	
              55

            
	 	 	 
	
               ARTICLE XII

            
	
              SATISFACTION AND DISCHARGE OF INDENTURE

            
	 	 	 
	
              SECTION 12.01.

            	
              Discharge
                of Indenture

            	
              55

            
	 	 	 
	
              SECTION 12.02.

            	
              Deposited
                Moneys to be Held in Trust by Trustee

            	
              56

            
	 	 	 
	
              SECTION 12.03.

            	
              Paying
                Agent to Repay Moneys Held

            	
              56

            
	 	 	 
	
              SECTION 12.04.

            	
              Return
                of Unclaimed Moneys

            	
              56

            
	 	 	 
	
               ARTICLE XIII

            
	
              IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS

            
	 	 	 
	
              SECTION 13.01.

            	
              Indenture
                and Debt Securities Solely Corporate Obligations

            	
              57

            
	 	 	 
	
               ARTICLE XIV

            
	
              MISCELLANEOUS PROVISIONS

            
	 	 	 
	
              SECTION 14.01.

            	
              Successors

            	
              57

            
	 	 	 
	
              SECTION 14.02.

            	
              Official
                Acts by Successor Entity

            	
              57

            
	 	 	 
	
              SECTION 14.03.

            	
              Surrender
                of Company Powers

            	
              57

            
	 	 	 
	
              SECTION 14.04.

            	
              Addresses
                for Notices, etc

            	
              57

            
	 	 	 
	
              SECTION 14.05.

            	
              Governing
                Law

            	
              58

            
	 	 	 
	
              SECTION 14.06.

            	
              Evidence
                of Compliance with Conditions Precedent

            	
              58

            
	 	 	 
	
              SECTION 14.07.

            	
              Non-Business
                Days

            	
              58

            
	 	 	 
	
              SECTION 14.08.

            	
              Table
                of Contents, Headings, etc

            	
              59

            
	 	 	 
	
              SECTION 14.09.

            	
              Execution
                in Counterparts

            	
              59

            
	 	 	 
	
              SECTION 14.10.

            	
              Severability

            	
              59

            
	 	 	 
	
              SECTION 14.11.

            	
              Assignment

            	
              59

            
	 	 	 
	
              SECTION 14.12.

            	
              Acknowledgment
                of Rights

            	
              59

            

    

     

    
      
        
        

      

      
        -iv-

        
          

        

      

      
        
        

      

    

     

    
      TABLE
        OF CONTENTS

      (CONTINUED)

    

     

    
      	 	 	
              Page

            
	 
	
               ARTICLE XV

            
	
              SUBORDINATION OF DEBT SECURITIES

            
	 
	
              SECTION 15.01.

            	
              Agreement
                to Subordinate

            	
              60

            
	 	 	 
	
              SECTION 15.02.

            	
              Default
                on Senior Indebtedness

            	
              60

            
	 	 	 
	
              SECTION 15.03.

            	
              Liquidation;
                Dissolution; Bankruptcy

            	
              61

            
	 	 	 
	
              SECTION 15.04.

            	
              Subrogation

            	
              62

            
	 	 	 
	
              SECTION 15.05.

            	
              Trustee
                to Effectuate Subordination

            	
              63

            
	 	 	 
	
              SECTION 15.06.

            	
              Notice
                by the Company

            	
              63

            
	 	 	 
	
              SECTION 15.07.

            	
              Rights
                of the Trustee, Holders of Senior Indebtedness

            	
              64

            
	 	 	 
	
              SECTION 15.08.

            	
              Subordination
                May Not Be Impaired

            	
              64

            
	 	 	 
	
              EXHIBITS

            	 	 
	 	 	 
	
              EXHIBIT A

            	
              FORM
                OF DEBT SECURITY

            	 

    

    

    
      
        
        

      

      
        -v-

        
          

        

      

      
        
        

      

    

     

    THIS
      INDENTURE, dated as of June 20, 2008, between Jacksonville Bancorp, Inc., a
      bank
      holding company incorporated in Florida (hereinafter sometimes called the
      "Company"), and Wells Fargo Bank, National Association as trustee (hereinafter
      sometimes called the "Trustee").

     

    WITNESSETH:

     

    WHEREAS,
      for its lawful corporate purposes, the Company has duly authorized the issuance
      of its Junior Subordinated Debt Securities due September 15, 2038 (the "Debt
      Securities") under this Indenture and to provide, among other things, for the
      execution and authentication, delivery and administration thereof, the Company
      has duly authorized the execution of this Indenture.

     

    NOW,
      THEREFORE, in consideration of the premises, and the purchase of the Debt
      Securities by the holders thereof, the Company covenants and agrees with the
      Trustee for the equal and proportionate benefit of the respective holders from
      time to time of the Debt Securities as follows:

     

    ARTICLE
      I

     

    DEFINITIONS

     

    SECTION
      1.01. Definitions.

     

    The
      terms
      defined in this Section 1.01 (except as herein otherwise expressly provided
      or
      unless the context otherwise requires) for all purposes of this Indenture and
      of
      any indenture supplemental hereto shall have the respective meanings specified
      in this Section 1.01. All accounting terms used herein and not expressly defined
      shall have the meanings assigned to such terms in accordance with generally
      accepted accounting principles and the term "generally accepted accounting
      principles" means such accounting principles as are generally accepted in the
      United States at the time of any computation. 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 or other subdivision.

     

    "Additional
      Interest" shall have the meaning set forth in Section 3.06.

     

    "Additional
      Provisions" shall have the meaning set forth in Section 15.01.

     

    "Authenticating
      Agent" means any agent or agents of the Trustee which at the time shall be
      appointed and acting pursuant to Section 6.12.

     

    "Bankruptcy
      Law" means Title 11, U.S. Code, or any similar federal or state law for the
      relief of debtors.

     

    "Board
      of
      Directors" means the board of directors or the executive committee or any other
      duly authorized designated officers of the Company.

     

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

     

    "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 and to be in full force and effect on the date of such certification
      and delivered to the Trustee.

     

    "Business
      Day" means any day other than a Saturday, Sunday or any other day on which
      banking institutions in Wilmington, Delaware, New York City or the city of the
      Principal Office of the Trustee or the Company are permitted or required by
      any
      applicable law or executive order to close.

     

    "Calculation
      Agent" means the Person identified as "Trustee" in the first paragraph hereof
      with respect to the Debt Securities and the Institutional Trustee with respect
      to the Trust Securities.

     

    "Capital
      Securities" means undivided beneficial interests in the assets of the Trust
      which are designated as "TP Securities" and rank pari passu with Common
      Securities issued by the Trust; provided, however, that if an Event of Default
      (as defined in the Declaration) has occurred and is continuing, the rights
      of
      holders of such Common Securities to payment in respect of distributions and
      payments upon liquidation, redemption and otherwise are subordinated to the
      rights of holders of such Capital Securities. The Capital Securities sold by
      the
      Trust to the initial purchaser(s) pursuant to the Placement Agreement and the
      Capital Securities Purchase Agreement(s) shall be issued in book entry form,
      registered in the name of Cede & Co., as nominee on behalf of the Depository
      Trust Company, without coupons, and held by the Institutional Trustee as
      custodian for the Depository Trust Company.

     

    "Capital
      Securities Guarantee" means the guarantee agreement that the Company will enter
      into with Wells Fargo Bank, National Association or other Persons that operates
      directly or indirectly for the benefit of holders of Capital Securities of
      the
      Trust.

     

    "Capital
      Treatment Event" means, if the Company is organized and existing under the
      laws
      of the United States or any state thereof or the District of Columbia, the
      receipt by the Company and the Trust of an Opinion of Counsel experienced in
      such matters to the effect that, as a result of (a) any amendment to, or change
      in, the laws, rules or regulations of the United States or any political
      subdivision thereof or therein, or any rules, guidelines or policies of any
      applicable regulatory authority for the Company or (b) any official or
      administrative pronouncement or action or decision interpreting or applying
      such
      laws, rules or regulations, which amendment or change is effective or which
      pronouncement, action or decision is announced on or after the date of original
      issuance of the Debt Securities, there is more than an insubstantial risk that,
      within 90 days of the receipt of such opinion, the aggregate Liquidation Amount
      of the Capital Securities will not be eligible to be treated by the Company
      as
      "Tier 1 Capital" (or the then equivalent thereof) for purposes of the capital
      adequacy guidelines of the Federal Reserve (or any successor regulatory
      authority with jurisdiction over bank or financial holding companies), as then
      in effect and applicable to the Company (or if the Company is not a bank holding
      company, such guidelines applied to the Company as if the Company were subject
      to such guidelines); provided, however, that the inability of the Company to
      treat all or any portion of the aggregate Liquidation Amount of the Capital
      Securities as Tier 1 Capital shall not constitute the basis for a Capital
      Treatment Event, if such inability results from the Company having cumulative
      preferred stock, minority interests in consolidated subsidiaries, or any other
      class of security or interest which the Federal Reserve or OTS, as applicable,
      may now or hereafter accord Tier 1 Capital treatment in excess of the amount
      which may now or hereafter qualify for treatment as Tier 1 Capital under
      applicable capital adequacy guidelines; provided further, however, that the
      distribution of the Debt Securities in connection with the liquidation of the
      Trust by the Company shall not in and of itself constitute a Capital Treatment
      Event unless such liquidation shall have occurred in connection with a Tax
      Event
      or an Investment Company Event.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    "Certificate"
      means a certificate signed by any one of the principal executive officer, the
      principal financial officer or the principal accounting officer of the
      Company.

     

    "Common
      Securities" means undivided beneficial interests in the assets of the Trust
      which are designated as "Common Securities" and rank pari passu with Capital
      Securities issued by the Trust; provided, however, that if an Event of Default
      (as defined in the Declaration) has occurred and is continuing, the rights
      of
      holders of such Common Securities to payment in respect of distributions and
      payments upon liquidation, redemption and otherwise are subordinated to the
      rights of holders of such Capital Securities.

     

    "Company"
      means Jacksonville Bancorp, Inc., a bank holding company incorporated in
      Florida, and, subject to the provisions of Article XI, shall include its
      successors and assigns.

     

    "Debt
      Security" or "Debt Securities" has the meaning stated in the first recital
      of
      this Indenture.

     

    "Debt
      Security Register" has the meaning specified in Section 2.05.

     

    "Debt
      Security Registrar" has the meaning specified in Section 2.05.

     

    "Declaration"
      means the Amended and Restated Declaration of Trust of the Trust dated as of
      June 20, 2008, as amended or supplemented from time to time.

     

    "Default"
      means any event, act or condition that with notice or lapse of time, or both,
      would constitute an Event of Default.

     

    "Defaulted
      Interest" has the meaning set forth in Section 2.08.

     

    "Deferred
      Interest" has the meaning set forth in Section 2.11.

     

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

     

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

     

    "DTC"
      means The Depository Trust Company, a New York corporation.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    "Event
      of
      Default" means any event specified in Section 5.01, which has continued for
      the
      period of time, if any, and after the giving of the notice, if any, therein
      designated.

     

    "Exchange
      Act" means the Securities Exchange Act of 1934, as amended from time to time,
      or
      any successor legislation.

     

    "Extension
      Period" has the meaning set forth in Section 2.11.

     

    "Federal
      Reserve" means the Board of Governors of the Federal Reserve System.

     

    "Global
      Debenture" means a security that evidences all or part of the Debt Securities,
      the ownership and transfers of which shall be made through book entries by
      a
      Depositary.

     

    "Indenture"
      means this instrument as originally executed or, if amended or supplemented
      as
      herein provided, as so amended or supplemented, or both.

     

    "Initial
      Purchaser" means the initial purchaser of the Capital Securities.

     

    "Institutional
      Trustee" has the meaning set forth in the Declaration.

     

    "Interest
      Payment Date" means March 15, June 15, September 15 and December 15 of each
      year, commencing on September 15, 2008, during the term of this
      Indenture.

     

    "Interest
      Payment Period" means the period from and including an Interest Payment Date,
      or
      in the case of the first Interest Payment Period, the original date of issuance
      of the Debt Securities, to, but excluding, the next succeeding Interest Payment
      Date or, in the case of the last Interest Payment Period, the Redemption Date,
      Special Redemption Date or Maturity Date, as the case may be.

     

    "Interest
      Rate" means, with respect to any Interest Payment Period, a per annum rate
      of
      interest, equal to LIBOR, as determined on the LIBOR Determination Date for
      such
      Interest Payment Date, plus 3.75%; provided, however, that the Interest Rate
      for
      any Interest Payment Period may not exceed the highest rate permitted by New
      York law, as the same may be modified by United States law of general
      applicability.

     

    "Investment
      Company Event" means the receipt by the Company and the Trust of an Opinion
      of
      Counsel experienced in such matters to the effect that, as a result of a change
      in law or regulation or written change in interpretation or application of
      law
      or regulation by any legislative body, court, governmental agency or regulatory
      authority, there is more than an insubstantial risk that the Trust is or, within
      90 days of the date of such opinion will be, considered an "investment company"
      that is required to be registered under the Investment Company Act of 1940,
      as
      amended, which change or prospective change becomes effective or would become
      effective, as the case may be, on or after the date of the original issuance
      of
      the Debt Securities.

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    "LIBOR"
      means the London Interbank Offered Rate for U.S. Dollar deposits in Europe
      as
      determined by the Calculation Agent according to Section 2.10(b).

     

    "LIBOR
      Banking Day" has the meaning set forth in Section 2.10(b)(1).

     

    "LIBOR
      Business Day" has the meaning set forth in Section 2.10(b)(1).

     

    "LIBOR
      Determination Date" has the meaning set forth in Section 2.10(b).

     

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

     

    "Maturity
      Date" means September 15, 2038.

     

    "Notice"
      has the meaning set forth in Section 2.11.

     

    "Officers'
      Certificate" means a certificate signed by the Chairman of the Board, the Vice
      Chairman, the President or any Vice President, and by the Chief Financial
      Officer, the Treasurer, an Assistant Treasurer, the Comptroller, an Assistant
      Comptroller, the Secretary or an Assistant Secretary of the Company, and
      delivered to the Trustee. Each such certificate shall include the statements
      provided for in Section 14.06 if and to the extent required by the provisions
      of
      such Section.

     

    "Opinion
      of Counsel" means an opinion in writing signed by legal counsel, who may be
      an
      employee of or counsel to the Company, or may be other counsel reasonably
      satisfactory to the Trustee. Each such opinion shall include the statements
      provided for in Section 14.06 if and to the extent required by the provisions
      of
      such Section.

     

    "OTS"
      means the Office of Thrift Supervision and any successor federal agency that
      is
      primarily responsible for regulating the activities of savings and loan holding
      companies.

     

    "Outstanding"
      means, when used with reference to Debt Securities, subject to the provisions
      of
      Section 7.04, as of any particular time, all Debt Securities authenticated
      and
      delivered by the Trustee or the Authenticating Agent under this Indenture,
      except

     

    (a) Debt
      Securities theretofore canceled by the Trustee or the Authenticating Agent
      or
      delivered to the Trustee for cancellation;

     

    (b) Debt
      Securities, or portions thereof, for the payment or redemption of which moneys
      in the necessary amount shall have been deposited in trust with the Trustee
      or
      with any Paying Agent (other than the Company) or shall have been set aside
      and
      segregated in trust by the Company (if the Company shall act as its own Paying
      Agent); provided,
      that,
      if such Debt Securities, or portions thereof, are to be redeemed prior to
      maturity thereof, notice of such redemption shall have been given as provided
      in
      Articles X and XIV or provision satisfactory to the Trustee shall have been
      made
      for giving such notice; and

     

    (c) Debt
      Securities paid pursuant to Section 2.06 or in lieu of or in substitution for
      which other Debt Securities shall have been authenticated and delivered pursuant
      to the terms of Section 2.06 unless proof satisfactory to the Company and the
      Trustee is presented that any such Debt Securities are held by bona fide holders
      in due course.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    "Paying
      Agent" has the meaning set forth in Section 3.04(e).

     

    "Person"
      means any individual, corporation, limited liability company, partnership,
      joint
      venture, association, joint-stock company, trust, unincorporated organization
      or
      government or any agency or political subdivision thereof.

     

    "Placement
      Agent" means Silverton Capital Corporation.

     

    "Predecessor
      Security" of any particular Debt Security means every previous Debt Security
      evidencing all or a portion of the same debt as that evidenced by such
      particular Debt Security; and, for the purposes of this definition, any Debt
      Security authenticated and delivered under Section 2.06 in lieu of a lost,
      destroyed or stolen Debt Security shall be deemed to evidence the same debt
      as
      the lost, destroyed or stolen Debt Security.

     

    "Principal
      Office of the Trustee" means the office of the Trustee, at which at any
      particular time its corporate trust business shall be principally administered,
      which at all times shall be located within the United States and at the time
      of
      the execution of this Indenture shall be 919 North Market Street, Suite 1600,
      Wilmington, Delaware 19801, Attn: Corporate Trust Division – Jacksonville
      Bancorp, Inc. Statutory Trust III.

     

    "Redemption
      Date" has the meaning set forth in Section 10.01.

     

    "Redemption
      Price" means 100% of the principal amount of the Debt Securities being redeemed
      plus accrued and unpaid interest on such Debt Securities to the Redemption
      Date.

     

    "Responsible
      Officer" means, with respect to the Trustee, any officer within the Principal
      Office of the Trustee with direct responsibility for the administration of
      the
      Indenture, including any vice-president, any assistant vice-president, any
      secretary, any assistant secretary, the treasurer, any assistant treasurer,
      any
      trust officer or other officer of the Principal Office of the Trustee
      customarily performing functions similar to those performed by any of the above
      designated officers and also means, with respect to a particular corporate
      trust
      matter, any other officer to whom such matter is referred because of that
      officer's knowledge of and familiarity with the particular subject.

     

    "Securities
      Act" means the Securities Act of 1933, as amended from time to time, or any
      successor legislation.

     

    "Securityholder,"
      "holder of Debt Securities" or other similar terms, means any Person in whose
      name at the time a particular Debt Security is registered on the Debt Security
      Register.

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    "Senior
      Indebtedness" means, with respect to the Company, (i) the principal, premium,
      if
      any, and interest in respect of (A) indebtedness of the Company for money
      borrowed and (B) indebtedness evidenced by securities, debentures, notes, bonds
      or other similar instruments issued by the Company; (ii) all capital lease
      obligations of the Company; (iii) all obligations of the Company issued or
      assumed as the deferred purchase price of property, all conditional sale
      obligations of the Company and all obligations of the Company under any title
      retention agreement (but excluding trade accounts payable arising in the
      ordinary course of business); (iv) all obligations of the Company for the
      reimbursement of any letter of credit, any banker's acceptance, any security
      purchase facility, any repurchase agreement or similar arrangement, any interest
      rate swap, any other hedging arrangement, any obligation under options or any
      similar credit or other transaction; (v) all obligations of the type referred
      to
      in clauses (i) through (iv) above of other Persons for the payment of which
      the
      Company is responsible or liable as obligor, guarantor or otherwise; and (vi)
      all obligations of the type referred to in clauses (i) through (v) above of
      other Persons secured by any lien on any property or asset of the Company
      (whether or not such obligation is assumed by the Company), whether incurred
      on
      or prior to the date of this Indenture or thereafter incurred, unless, with
      the
      prior approval of the Federal Reserve if not otherwise generally approved,
      it is
      provided in the instrument creating or evidencing the same or pursuant to which
      the same is outstanding, that such obligations are not superior or are
pari
      passu
      in right
      of payment to the Debt Securities; provided, however, that Senior Indebtedness
      shall not include (A) any debt securities issued to any trust other than the
      Trust (or a trustee of such trust) that is a financing vehicle of the Company
      (a
      "financing entity"), in connection with the issuance by such financing entity
      of
      equity or other securities in transactions substantially similar in structure
      to
      the transactions contemplated hereunder and in the Declaration, (B) any
      guarantees of the Company in respect of the equity or other securities of any
      financing entity referred to in clause (A) above or (C) any other instruments
      classified as subordinated or pari
      passu
      to the
      Debt Securities by the Federal Reserve from time to time hereafter.

     

    "Special
      Event" means any of a Tax Event, an Investment Company Event or a Capital
      Treatment Event.

     

    "Special
      Redemption Date" has the meaning set forth in Section 10.02.

     

    "Special
      Redemption Price" means, with respect to the redemption of any Debt Security
      following a Special Event, an amount in cash equal to 103.525% of the principal
      amount of Debt Securities to be redeemed prior to September 15, 2009 and
      thereafter equal to the percentage of the principal amount of the Debt
      Securities that is specified below for the Special Redemption Date plus, in
      each
      case, unpaid interest accrued thereon to the Special Redemption Date:

     

    
      	
              Special Redemption During the

              12-Month Period Beginning September 15

            	 	
              Percentage of Principal

              Amount

            	 
	 	 	 	 
	
              2009

            	 	 	
              102.820

            	
              %

            
	
              2010

            	 	 	
              102.115

            	
              %

            
	
              2011

            	 	 	
              101.410

            	
              %

            
	
              2012

            	 	 	
              100.705

            	
              %

            
	
              2013
                and thereafter

            	 	 	
              100.000

            	
              %

            

    

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

     

    "Subsidiary"
      means, with respect to any Person, (i) any corporation, at least a majority
      of
      the outstanding voting stock of which is owned, directly or indirectly, by
      such
      Person or by one or more of its Subsidiaries, or by such Person and one or
      more
      of its Subsidiaries, (ii) any general partnership, joint venture or similar
      entity, at least a majority of the outstanding partnership or similar interests
      of which shall at the time be owned by such Person, or by one or more of its
      Subsidiaries, or by such Person and one or more of its Subsidiaries, and (iii)
      any limited partnership of which such Person or any of its Subsidiaries is
      a
      general partner. For the purposes of this definition, "voting stock" means
      shares, interests, participations or other equivalents in the equity interest
      (however designated) in such Person having ordinary voting power for the
      election of a majority of the directors (or the equivalent) of such Person,
      other than shares, interests, participations or other equivalents having such
      power only by reason of the occurrence of a contingency.

     

    "Tax
      Event" means the receipt by the Company and the Trust of an Opinion of Counsel
      experienced in such matters to the effect that, as a result of any amendment
      to
      or change (including any announced prospective change) in the laws or any
      regulations thereunder of the United States or any political subdivision or
      taxing authority thereof or therein, or as a result of any official
      administrative pronouncement (including any private letter ruling, technical
      advice memorandum, regulatory procedure, notice or announcement (an
      "Administrative Action")) or judicial decision interpreting or applying such
      laws or regulations, regardless of whether such Administrative Action or
      judicial decision is issued to or in connection with a proceeding involving
      the
      Company or the Trust and whether or not subject to review or appeal, which
      amendment, clarification, change, Administrative Action or decision is enacted,
      promulgated or announced, in each case on or after the date of original issuance
      of the Debt Securities, there is more than an insubstantial risk that: (i)
      the
      Trust is, or will be within 90 days of the date of such opinion, subject to
      United States federal income tax with respect to income received or accrued
      on
      the Debt Securities; (ii) if the Company is organized and existing under the
      laws of the United States or any state thereof or the District of Columbia,
      interest payable by the Company on the Debt Securities is not, or within 90
      days
      of the date of such opinion, will not be, deductible by the Company, in whole
      or
      in part, for United States federal income tax purposes; or (iii) the Trust
      is,
      or will be within 90 days of the date of such opinion, subject to or otherwise
      required to pay, or required to withhold from distributions to holders of Trust
      Securities, more than a de minimis amount of other taxes (including withholding
      taxes), duties, assessments or other governmental charges.

     

    "Trust"
      means Jacksonville Bancorp, Inc. Statutory Trust III, the Delaware statutory
      trust, or any other similar trust created for the purpose of issuing Capital
      Securities in connection with the issuance of Debt Securities under this
      Indenture, of which the Company is the sponsor.

     

    "Trust
      Indenture Act" means the Trust Indenture Act of 1939, as amended from
      time-to-time, or any successor legislation.

     

    "Trust
      Securities" means Common Securities and Capital Securities of Jacksonville
      Bancorp, Inc. Statutory Trust III.

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

     

    "Trustee"
      means the Person identified as "Trustee" in the first paragraph hereof, and,
      subject to the provisions of Article VI hereof, shall also include its
      successors and assigns as Trustee hereunder.

     

    "United
      States" means the United States of America and the District of
      Columbia.

     

    "U.S.
      Person" has the meaning given to United States Person as set forth in Section
      7701(a)(30) of the Internal Revenue Code of 1986, as amended.

     

    ARTICLE
      II

     

    DEBT
      SECURITIES

     

    SECTION
      2.01. Authentication
      and Dating.

     

    Upon
      the
      execution and delivery of this Indenture, or from time to time thereafter,
      Debt
      Securities in an aggregate principal amount not in excess of $9,124,000 may
      be
      executed and delivered by the Company to the Trustee for authentication, and
      the
      Trustee shall thereupon authenticate and make available for delivery said Debt
      Securities to or upon the written order of the Company, signed by its Chairman
      of the Board of Directors, Vice Chairman, President or Chief Financial Officer
      or one of its Vice Presidents, without any further action by the Company
      hereunder. In authenticating such Debt Securities, and accepting the additional
      responsibilities under this Indenture in relation to such Debt Securities,
      the
      Trustee shall be entitled to receive, and (subject to Section 6.01) shall be
      fully protected in relying upon a copy of any Board Resolution or Board
      Resolutions relating thereto and, if applicable, an appropriate record of any
      action taken pursuant to such resolution, in each case certified by the
      Secretary or an Assistant Secretary or other officers with appropriate delegated
      authority of the Company as the case may be.

     

    The
      Trustee shall have the right to decline to authenticate and deliver any Debt
      Securities under this Section if the Trustee, being advised by counsel,
      determines that such action may not lawfully be taken or if a Responsible
      Officer of the Trustee in good faith shall determine that such action would
      expose the Trustee to personal liability to existing Securityholders. The
      Trustee shall also be entitled to receive an opinion of counsel to the effect
      that (1) all conditions precedent to the execution, delivery and authentication
      of the Debt Securities have been complied with; (2) the Debt Securities are
      not
      required to be registered under the Securities Act; and (3) the Indenture is
      not
      required to be qualified under the Trust Indenture Act.

     

    The
      definitive Debt Securities shall be typed, printed, lithographed or engraved
      on
      steel engraved borders or may be produced in any other manner, all as determined
      by the officers executing such Debt Securities, as evidenced by their execution
      of such Debt Securities.

     

    SECTION
      2.02. Form
      of Trustee's Certificate of Authentication.

     

    The
      Trustee's certificate of authentication on all Debt Securities shall be in
      substantially the following form:

     

    This
      represents Debt Securities referred to in the within-mentioned
      Indenture.

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

     

    Wells
      Fargo Bank, National Association, not in its individual capacity but solely
      as
      Trustee

     

    
      	
              By

            	   

	 	
              Authorized
                Signatory

            

    

    

    SECTION
      2.03. Form
      and Denomination of Debt Securities.

     

    The
      Debt
      Securities shall be substantially in the form of Exhibit A hereto. The Debt
      Securities shall be in registered, certificated form without coupons and in
      minimum denominations of $100,000 and any multiple of $1,000 in excess thereof.
      The Debt Securities shall be numbered, lettered, or otherwise distinguished
      in
      such manner or in accordance with such plans as the officers executing the
      same
      may determine with the approval of the Trustee as evidenced by the execution
      and
      authentication thereof.

     

    SECTION
      2.04. Execution
      of Debt Securities.

     

    The
      Debt
      Securities shall be signed in the name and on behalf of the Company by the
      manual or facsimile signature of any of its Chairman of the Board of Directors,
      Vice Chairman, President or Chief Financial Officer or one of its Executive
      Vice
      Presidents, Senior Vice Presidents or Vice Presidents, under its corporate
      seal
      (if legally required, which the Trustee has no duty to determine), which may
      be
      affixed thereto or printed, engraved or otherwise reproduced thereon, by
      facsimile or otherwise, and which need not be attested. Only such Debt
      Securities as shall bear thereon a certificate of authentication substantially
      in the form herein before recited, executed by the Trustee or the Authenticating
      Agent by the manual signature of an authorized officer, shall be entitled to
      the
      benefits of this Indenture or be valid or obligatory for any purpose. Such
      certificate by the Trustee or the Authenticating Agent upon any Debt Security
      executed by the Company shall be conclusive evidence that the Debt Security
      so
      authenticated has been duly authenticated and delivered hereunder and that
      the
      Securityholder is entitled to the benefits of this Indenture.

     

    In
      case
      any officer of the Company who shall have signed any of the Debt Securities
      shall cease to be such officer before the Debt Securities so signed shall have
      been authenticated and delivered by the Trustee or the Authenticating Agent,
      or
      disposed of by the Company, such Debt Securities nevertheless may be
      authenticated and delivered or disposed of as though the Person who signed
      such
      Debt Securities had not ceased to be such officer of the Company; and any Debt
      Security may be signed on behalf of the Company by such Persons as, at the
      actual date of the execution of such Debt Security, shall be the proper officers
      of the Company, although at the date of the execution of this Indenture any
      such
      person was not such an officer.

     

    Every
      Debt Security shall be dated the date of its authentication.

     

    SECTION
      2.05. Exchange
      and Registration of Transfer of Debt Securities.

     

    The
      Trustee, in its capacity as "Debt Security Registrar", shall cause to be kept,
      at the office or agency maintained for the purpose of registration of transfer
      and for exchange as provided in Section 3.02, a register (the "Debt Security
      Register") for the Debt Securities issued hereunder in which, subject to such
      reasonable regulations as it may prescribe, the Debt Security Registrar shall
      provide for the registration and transfer of all Debt Securities as provided
      in
      this Article II. Such register shall be in written form or in any other form
      capable of being converted into written form within a reasonable
      time.

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

     

    Debt
      Securities to be exchanged may be surrendered at the Principal Office of the
      Trustee or at any office or agency to be maintained by the Company for such
      purpose as provided in Section 3.02, and the Company shall execute, the Company
      or the Trustee shall register and the Trustee or the Authenticating Agent shall
      authenticate and make available for delivery in exchange therefor the Debt
      Security or Debt Securities which the Securityholder making the exchange shall
      be entitled to receive. Upon due presentment for registration of transfer of
      any
      Debt Security at the Principal Office of the Trustee or at any office or agency
      of the Company maintained for such purpose as provided in Section 3.02, the
      Company shall execute, the Company or the Trustee shall register and the Trustee
      or the Authenticating Agent shall authenticate and make available for delivery
      in the name of the transferee or transferees a new Debt Security for a like
      aggregate principal amount. Registration or registration of transfer of any
      Debt
      Security by the Trustee or by any agent of the Company appointed pursuant to
      Section 3.02, and delivery of such Debt Security, shall be deemed to complete
      the registration or registration of transfer of such Debt Security.

     

    All
      Debt
      Securities presented for registration of transfer or for exchange or payment
      shall (if so required by the Company or the Trustee or the Authenticating Agent)
      be duly endorsed by, or be accompanied by, a written instrument or instruments
      of transfer in form satisfactory to the Company and either the Trustee or the
      Authenticating Agent duly executed by, the Securityholder or such
      Securityholder's attorney duly authorized in writing.

     

    Neither
      the Trustee nor the Debt Security Registrar shall be responsible for
      ascertaining whether any transfer hereunder complies with the registration
      provisions of or any exemptions from the Securities Act (under and as defined
      in
      the Declaration), applicable state securities laws or the applicable laws of
      any
      other jurisdiction, ERISA, the United States Internal Revenue Code of 1986,
      as
      amended, or the Investment Company Act (under and as defined in the
      Declaration).

     

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

     

    The
      Company or the Trustee shall not be required to exchange or register a transfer
      of any Debt Security for a period of 15 days immediately preceding the date
      of
      selection of Debt Securities for redemption.

     

    Notwithstanding
      the foregoing, Debt Securities may not be transferred except in compliance
      with
      the restricted securities legend set forth below, unless otherwise determined
      by
      the Company in accordance with applicable law, which legend shall be placed
      on
      each Debt Security:

     

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

     

    THIS
      SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS OR ANY OTHER APPLICABLE
      SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN
      MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
      DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION
      IS
      EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
      ACT. THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES TO OFFER,
      SELL
      OR OTHERWISE TRANSFER SUCH SECURITY ONLY (A) TO THE COMPANY, (B) PURSUANT TO
      RULE 144A UNDER THE SECURITIES ACT ("RULE 144A"), TO A PERSON THE HOLDER
      REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE
      144A
      THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
      INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE
      IN
      RELIANCE ON RULE 144A, (C) TO A "NON U.S. PERSON" IN AN "OFFSHORE TRANSACTION"
      PURSUANT TO REGULATION S UNDER THE SECURITIES ACT, (D) PURSUANT TO AN EXEMPTION
      FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT TO AN "ACCREDITED
      INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (a) (1), (2), (3) OR (7) OF RULE
      501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THE SECURITY FOR ITS OWN ACCOUNT,
      OR FOR THE ACCOUNT OF SUCH AN "ACCREDITED INVESTOR," FOR INVESTMENT PURPOSES
      AND
      NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION
      IN
      VIOLATION OF THE SECURITIES ACT, OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION
      FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE
      COMPANY'S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES
      (D) OR (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION
      AND/OR OTHER INFORMATION SATISFACTORY TO IT IN ACCORDANCE WITH THE INDENTURE,
      A
      COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY. THE HOLDER OF THIS SECURITY
      BY
      ITS ACCEPTANCE HEREOF AGREES THAT IT WILL COMPLY WITH THE FOREGOING
      RESTRICTIONS.

     

    THE
      HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES, REPRESENTS AND WARRANTS
      THAT IT WILL NOT ENGAGE IN HEDGING TRANSACTIONS INVOLVING THIS SECURITY UNLESS
      SUCH TRANSACTIONS ARE IN COMPLIANCE WITH THE SECURITIES ACT OR AN APPLICABLE
      EXEMPTION THEREFROM.

     

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

     

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

     

    IN
      CONNECTION WITH ANY TRANSFER, THE HOLDER OF THIS SECURITY WILL DELIVER TO THE
      COMPANY AND TRUSTEE SUCH CERTIFICATES AND OTHER INFORMATION AS MAY BE REQUIRED
      BY THE INDENTURE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING
      RESTRICTIONS.

     

    THIS
      SECURITY WILL BE ISSUED AND MAY BE TRANSFERRED ONLY IN BLOCKS HAVING A PRINCIPAL
      AMOUNT OF NOT LESS THAN $100,000 AND MULTIPLES OF $1,000 IN EXCESS THEREOF.
      ANY
      ATTEMPTED TRANSFER OF THIS SECURITY IN A BLOCK HAVING A PRINCIPAL AMOUNT OF
      LESS
      THAN $100,000 SHALL BE DEEMED TO BE VOID AND OF NO LEGAL EFFECT WHATSOEVER.
      ANY
      SUCH PURPORTED TRANSFEREE SHALL BE DEEMED NOT TO BE THE HOLDER OF THIS SECURITY
      FOR ANY PURPOSE, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS
      ON
      THIS SECURITY, AND SUCH PURPORTED TRANSFEREE SHALL BE DEEMED TO HAVE NO INTEREST
      WHATSOEVER IN THIS SECURITY.

     

    THIS
      OBLIGATION IS NOT A DEPOSIT AND IS NOT INSURED BY THE UNITED STATES OR ANY
      AGENCY OR FUND OF THE UNITED STATES, INCLUDING THE FEDERAL DEPOSIT INSURANCE
      CORPORATION. THIS OBLIGATION IS SUBORDINATED TO THE CLAIMS OF DEPOSITORS AND
      THE
      CLAIMS OF GENERAL AND SECURED CREDITORS OF THE COMPANY, IS INELIGIBLE AS
      COLLATERAL FOR A LOAN BY THE COMPANY OR ANY OF ITS SUBSIDIARIES AND IS NOT
      SECURED.

     

    SECTION
      2.06. Mutilated,
      Destroyed, Lost or Stolen Debt Securities.

     

    In
      case
      any Debt Security shall become mutilated or be destroyed, lost or stolen, the
      Company shall execute, and upon its written request the Trustee shall
      authenticate and deliver, a new Debt Security bearing a number not
      contemporaneously outstanding, in exchange and substitution for the mutilated
      Debt Security, or in lieu of and in substitution for the Debt Security so
      destroyed, lost or stolen. In every case the applicant for a substituted Debt
      Security shall furnish to the Company and the Trustee such security or indemnity
      as may be required by them to save each of them harmless, and, in every case
      of
      destruction, loss or theft, the applicant shall also furnish to the Company
      and
      the Trustee evidence to their satisfaction of the destruction, loss or theft
      of
      such Debt Security and of the ownership thereof.

     

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

     

    The
      Trustee may authenticate any such substituted Debt Security and deliver the
      same
      upon the written request or authorization of any officer of the Company. Upon
      the issuance of any substituted Debt Security, 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 connected therewith.
      In case any Debt Security which has matured or is about to mature or has been
      called for redemption in full shall become mutilated or be destroyed, lost
      or
      stolen, the Company may, instead of issuing a substitute Debt Security, pay
      or
      authorize the payment of the same (without surrender thereof except in the
      case
      of a mutilated Debt Security) if the applicant for such payment shall furnish
      to
      the Company and the Trustee such security or indemnity as may be required by
      them to save each of them harmless and, in case of destruction, loss or theft,
      evidence satisfactory to the Company and to the Trustee of the destruction,
      loss
      or theft of such Security and of the ownership thereof.

     

    Every
      substituted Debt Security issued pursuant to the provisions of this Section
      2.06
      by virtue of the fact that any such Debt Security is destroyed, lost or stolen
      shall constitute an additional contractual obligation of the Company, whether
      or
      not the destroyed, lost or stolen Debt Security shall be found at any time,
      and
      shall be entitled to all the benefits of this Indenture equally and
      proportionately with any and all other Debt Securities duly issued hereunder.
      All Debt Securities shall be held and owned upon the express condition that,
      to
      the extent permitted by applicable law, the foregoing provisions are exclusive
      with respect to the replacement or payment of mutilated, destroyed, lost or
      stolen Debt Securities and shall preclude any and all other rights or remedies
      notwithstanding any law or statute existing or hereafter enacted to the contrary
      with respect to the replacement or payment of negotiable instruments or other
      securities without their surrender.

     

    SECTION
      2.07. Temporary
      Debt Securities.

     

    Pending
      the preparation of definitive Debt Securities, the Company may execute and
      the
      Trustee shall authenticate and make available for delivery temporary Debt
      Securities that are typed, printed or lithographed. Temporary Debt Securities
      shall be issuable in any authorized denomination, and substantially in the
      form
      of the definitive Debt Securities but with such omissions, insertions and
      variations as may be appropriate for temporary Debt Securities, all as may
      be
      determined by the Company. Every such temporary Debt Security shall be executed
      by the Company and be authenticated by the Trustee upon the same conditions
      and
      in substantially the same manner, and with the same effect, as the definitive
      Debt Securities. Without unreasonable delay, the Company will execute and
      deliver to the Trustee or the Authenticating Agent definitive Debt Securities
      and thereupon any or all temporary Debt Securities may be surrendered in
      exchange therefor, at the Principal Office of the Trustee or at any office
      or
      agency maintained by the Company for such purpose as provided in Section 3.02,
      and the Trustee or the Authenticating Agent shall authenticate and make
      available for delivery in exchange for such temporary Debt Securities a like
      aggregate principal amount of such definitive Debt Securities. Such exchange
      shall be made by the Company at its own expense and without any charge therefor
      except that in case of any such exchange involving a registration of transfer
      the Company may require payment of a sum sufficient to cover any tax, fee or
      other governmental charge that may be imposed in relation thereto. Until so
      exchanged, the temporary Debt Securities shall in all respects be entitled
      to
      the same benefits under this Indenture as definitive Debt Securities
      authenticated and delivered hereunder.

     

    
      
        
        

      

      
        -14-

        
          

        

      

      
        
        

      

    

     

    SECTION
      2.08. Payment
      of Interest.

     

    Each
      Debt
      Security will bear interest at the then applicable Interest Rate from and
      including each Interest Payment Date or, in the case of the first Interest
      Payment Period, the original date of issuance of such Debt Security to, but
      excluding, the next succeeding Interest Payment Date or, in the case of the
      last
      Interest Payment Period, the Redemption Date, Special Redemption Date or
      Maturity Date, as applicable, on the principal thereof, on any overdue principal
      and (to the extent that payment of such interest is enforceable under applicable
      law) on Deferred Interest and on any overdue installment of interest (including
      Defaulted Interest), payable on each Interest Payment Date commencing on
      September 15, 2008. Interest and any Deferred Interest on any Debt Security
      that
      is payable, and is punctually paid or duly provided for by the Company, on
      any
      Interest Payment Date shall be paid to the Person in whose name said Debt
      Security (or one or more Predecessor Securities) is registered at the close
      of
      business on the regular record date for such interest installment, except that
      interest and any Deferred Interest payable on the Maturity Date, the Redemption
      Date (to the extent redeemed) or the Special Redemption Date shall be paid
      to
      the Person to whom principal is paid. In the event that any Debt Security or
      portion thereof is called for redemption and the redemption date is subsequent
      to a regular record date with respect to any Interest Payment Date and either
      on
      or prior to such Interest Payment Date, interest on such Debt Security will
      be
      paid upon presentation and surrender of such Debt Security.

     

    Any
      interest on any Debt Security, other than Deferred Interest, that is payable,
      but is not punctually paid or duly provided for by the Company, on any Interest
      Payment Date (herein called "Defaulted Interest") shall forthwith cease to
      be
      payable to the registered Securityholder on the relevant regular record date
      by
      virtue of having been such Securityholder, and such Defaulted Interest shall
      be
      paid by the Company to the Persons in whose names such Debt Securities (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 such Debt
      Security 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 reasonably 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 not be more than fifteen nor
      less
      than ten days prior to the date of the proposed payment and not less than ten
      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
      mailed, first class postage prepaid, to each Securityholder at his or her
      address as it appears in the Debt Security Register, not less than ten days
      prior to such special record date. Notice of the proposed payment of such
      Defaulted Interest and the special record date therefor having been mailed
      as
      aforesaid, such Defaulted Interest shall be paid to the Persons in whose names
      such Debt Securities (or their respective Predecessor Securities) are registered
      on such special record date and thereafter the Company shall have no further
      payment obligation in respect of the Defaulted Interest.

     

    
      
        
        

      

      
        -15-

        
          

        

      

      
        
        

      

    

     

    Any
      interest scheduled to become payable on an Interest Payment Date occurring
      during an Extension Period shall not be Defaulted Interest and shall be payable
      on such other date as may be specified in the terms of such Debt
      Securities.

     

    The
      term
      "regular record date" as used in this Indenture shall mean the fifteenth day
      prior to the applicable Interest Payment Date whether or not such date is a
      Business Day.

     

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

     

    SECTION
      2.09. Cancellation
      of Debt Securities Paid, etc.

     

    All
      Debt
      Securities surrendered for the purpose of payment, redemption, exchange or
      registration of transfer, shall, if surrendered to the Company or any Paying
      Agent, be surrendered to the Trustee and promptly canceled by it, or, if
      surrendered to the Trustee, shall be promptly canceled by it, and no Debt
      Securities shall be issued in lieu thereof except as expressly permitted by
      any
      of the provisions of this Indenture. The Trustee shall dispose of all canceled
      Debt Securities in accordance with its customary practices, unless the Company
      otherwise directs the Trustee in writing, in which case the Trustee shall
      dispose of such Debt Securities as directed by the Company. If the Company
      shall
      acquire any of the Debt Securities, however, such acquisition shall not operate
      as a redemption or satisfaction of the indebtedness represented by such Debt
      Securities unless and until the same are surrendered to the Trustee for
      cancellation.

     

    SECTION
      2.10. Computation
      of Interest.

     

    (a) The
      amount of interest payable for any Interest Payment Period will be computed
      on
      the basis of a 360-day year and the actual number of days elapsed in the
      relevant interest period; provided,
      however,
      that
      upon the occurrence of a Special Event Redemption pursuant to Section 10.02
      the
      amounts payable pursuant to this Indenture shall be calculated as set forth
      in
      the definition of Special Redemption Price.

     

    (b) LIBOR,
      for any Interest Payment Period, shall be determined by the Calculation Agent
      in
      accordance with the following provisions:

     

    
      
        
        

      

      
        -16-

        
          

        

      

      
        
        

      

    

     

    (1) On
      the
      second LIBOR Business Day (provided, that on such day commercial banks are
      open
      for business (including dealings in foreign currency deposits) in London (a
      "LIBOR Banking Day"), and otherwise the next preceding LIBOR Business Day that
      is also a LIBOR Banking Day) prior to March 15, June 15, September 15 and
      December 15 (or, with respect to the first Interest Payment Period, on June
      18,
      2008) (each such day, a "LIBOR Determination Date" for the following Interest
      Payment Period), the Calculation Agent shall obtain the rate for three-month
      U.S. Dollar deposits in Europe, which appears on Reuters Screen LIBOR 01 Page
      (as defined in the International Swaps and Derivatives Association, Inc. 2000
      Interest Rate and Currency Exchange Definitions) or such other page as may
      replace such page as of 11:00 a.m. (London time) on such LIBOR Determination
      Date, as reported by Bloomberg Financial markets Commodities News or any
      successor service (“Reuters Screen”), and the rate so obtained shall be LIBOR
      for such Interest Payment Period. "LIBOR Business Day" means any day that is
      not
      a Saturday, Sunday or other day on which commercial banking institutions in
      The
      City of New York or Wilmington, Delaware are authorized or obligated by law
      or
      executive order to be closed. If such rate is superseded on Reuters Screen
      by a
      corrected rate before 12:00 noon (London time) on the same LIBOR Determination
      Date, the corrected rate as so substituted will be LIBOR for that Interest
      Payment Period.

     

    (2) If,
      on
      any LIBOR Determination Date, such rate does not appear on Reuters Screen,
      the
      Calculation Agent shall determine the arithmetic mean of the offered quotations
      of the Reference Banks (as defined below) to leading banks in the London
      Interbank market for three-month U.S. Dollar deposits in Europe (in an amount
      determined by the Calculation Agent) by reference to requests for quotations
      as
      of approximately 11:00 a.m. (London time) on the LIBOR Determination Date made
      by the Calculation Agent to the Reference Banks. If, on any LIBOR Determination
      Date, at least two of the Reference Banks provide such quotations, LIBOR shall
      equal the arithmetic mean of such quotations. If, on any LIBOR Determination
      Date, only one or none of the Reference Banks provide such a quotation, LIBOR
      shall be deemed to be the arithmetic mean of the offered quotations that at
      least two leading banks in the City of New York (as selected by the Calculation
      Agent) are quoting on the relevant LIBOR Determination Date for three-month
      U.S.
      Dollar deposits in Europe at approximately 11:00 a.m. (London time) (in an
      amount determined by the Calculation Agent). As used herein, "Reference Banks"
      means four major banks in the London Interbank market selected by the
      Calculation Agent.

     

    (3) If
      the
      Calculation Agent is required but is unable to determine a rate in accordance
      with at least one of the procedures provided above, LIBOR for the applicable
      Interest Payment Period shall be LIBOR in effect for the immediately preceding
      Interest Payment Period.

     

    (c) All
      percentages resulting from any calculations on the Debt Securities will be
      rounded, if necessary, to the nearest one hundred-thousandth of a percentage
      point, with five one-millionths of a percentage point rounded upward (e.g.,
      9.876545% (or .09876545) being rounded to 9.87655% (or .0987655)), and all
      dollar amounts used in or resulting from such calculation will be rounded to
      the
      nearest cent (with one-half cent being rounded upward).

     

    
      
        
        

      

      
        -17-

        
          

        

      

      
        
        

      

    

     

    (d) As
      soon
      as practicable following each LIBOR Determination Date, but in no event later
      than the 30th day following such LIBOR Determination Date, the Calculation
      Agent
      shall notify, in writing, the Company, the Institutional Trustee and the Paying
      Agent of the applicable Interest Rate in effect for the related Interest Payment
      Period. The Calculation Agent shall, upon the request of any Securityholder,
      provide the Interest Rate then in effect. All calculations made by the
      Calculation Agent in the absence of manifest error shall be conclusive for
      all
      purposes and binding on the Company and the Securityholders. Any error in a
      calculation of the Interest Rate by the Calculation Agent may be corrected
      at
      any time by the delivery of notice of such corrected Interest Rate as provided
      above. The Paying Agent shall be entitled to rely on information received from
      the Calculation Agent or the Company as to the Interest Rate. The Company shall,
      from time to time, provide any necessary information to the Paying Agent
      relating to any original issue discount and interest on the Debt Securities
      that
      is included in any payment and reportable for taxable income calculation
      purposes. Failure to notify the Company, the Institutional Trustee or the Paying
      Agent of the applicable Interest Rate shall not affect the obligation of the
      Company to make payment on Debentures at such Interest Rate.

     

    SECTION
      2.11. Extension
      of Interest Payment Period.

     

    So
      long
      as no Event of Default pursuant to paragraphs (c), (e), (f) or (g) of Section
      5.01 of the Indenture has occurred and is continuing, the Company shall have
      the
      right under the Indenture, from time to time and without causing an Event of
      Default, to defer payments of interest on the Debt Securities by extending
      the
      interest distribution period on the Debt Securities at any time and from time
      to
      time during the term of the Debt Securities, for up to twenty consecutive
      quarterly periods (each such extended interest distribution period, an
      "Extension Period"), during which Extension Period no interest shall be due
      and
      payable (except any Additional Interest that may be due and payable). No
      Extension Period may end on a date other than an Interest Payment Date. During
      any Extension Period, interest will continue to accrue on the Debt Securities,
      and interest on such accrued interest (such accrued interest and interest
      thereon referred to herein as "Deferred Interest") will accrue at an annual
      rate
      equal to the Interest Rate applicable during such Extension Period, compounded
      quarterly from the date such Deferred Interest would have been payable were
      it
      not for the Extension Period, to the extent permitted by law. No interest or
      Deferred Interest shall be due and payable during an Extension Period, except
      at
      the end thereof. At the end of any such Extension Period the Company shall
      pay
      all Deferred Interest then accrued and unpaid on the Debt Securities;
provided,
      however,
      that no
      Extension Period may extend beyond the Maturity Date, Redemption Date (to the
      extent redeemed) or Special Redemption Date; and provided further,
      however,
      that
      during any such Extension Period, the Company shall be subject to the
      restrictions set forth in Section 3.08 of this Indenture. Prior to the
      termination of any Extension Period, the Company may further extend such period,
      provided,
      that
      such period together with all such previous and further consecutive extensions
      thereof shall not exceed twenty consecutive quarterly periods, or extend beyond
      the Maturity Date, Redemption Date (to the extent redeemed) or Special
      Redemption Date. Upon the termination of any Extension Period and upon the
      payment of all Deferred Interest, the Company may commence a new Extension
      Period, subject to the foregoing requirements. No interest or Deferred Interest
      shall be due and payable during an Extension Period, except at the end thereof,
      but Deferred Interest shall accrue upon each installment of interest that would
      otherwise have been due and payable during such Extension Period until such
      installment is paid. The Company must give the Trustee notice of its election
      to
      begin any
      Extension Period or
      extend
      an Extension Period ("Notice") not
      later
      than the related regular record
      date for the relevant Interest Payment Date. The Notice shall describe, in
      reasonable detail, why the Company has elected to begin an Extension Period.
      The
      Notice shall acknowledge and affirm the Company's understanding that it is
      prohibited from issuing dividends and other distributions during the Extension
      Period. Upon receipt of the Notice, the Placement Agent shall have the right,
      at
      its sole discretion, to disclose the name of the Company, the fact that the
      Company has elected to begin an Extension Period and other information that
      such
      Placement Agent, at its sole discretion, deems relevant to the Company's
      election to begin an Extension Period. The Trustee shall give notice of the
      Company's election to begin a new Extension Period to the Securityholders.
       

     

    
      
        
        

      

      
        -18-

        
          

        

      

      
        
        

      

    

     

    SECTION
      2.12. CUSIP
      Numbers.

     

    The
      Company in issuing the Debt Securities may use a "CUSIP" number (if then
      generally in use), and, if so, the Trustee shall use a "CUSIP" number in notices
      of redemption as a convenience to Securityholders; provided,
      that
      any such notice may state that no representation is made as to the correctness
      of such number either as printed on the Debt Securities or as contained in
      any
      notice of a redemption and that reliance may be placed only on the other
      identification numbers printed on the Debt Securities, and any such redemption
      shall not be affected by any defect in or omission of such numbers. The Company
      will promptly notify the Trustee in writing of any change in the CUSIP
      number.

     

    SECTION
      2.13. Income
      Tax Certification. 

     

    As
      a
      condition to the payment of any principal of or interest on the Debt Securities
      without the imposition of withholding tax, the Trustee shall require the
      previous delivery of properly completed and signed applicable U.S. federal
      income tax certifications (generally, an Internal Revenue Service Form W-9
      (or
      applicable successor form) in the case of a person that is a "United States
      person" within the meaning of Section 7701 (a)(30) of the Code (under and as
      defined in the Declaration) or an Internal Revenue Service Form W-8 (or
      applicable successor form) in the case of a person that is not a "United States
      person" within the meaning of Section 7701(a)(30) of the Code, and any other
      certification acceptable to it to enable the Trustee or any Paying Agent to
      determine their respective duties and liabilities with respect to any taxes
      or
      other charges that they may be required to pay, deduct or withhold in respect
      of
      such Debt Securities.

     

    SECTION
      2.14. Global
      Debentures.

     

    (a) Upon
      the
      election of the holder of Outstanding Debt Securities, which election need
      not
      be in writing, the Debt Securities owned by such holder shall be issued in
      the
      form of one or more Global Debentures registered in the name of the Depositary
      or its nominee. Each Global Debenture issued under this Indenture shall be
      registered in the name of the Depositary designated by the Company for such
      Global Debenture or a nominee thereof and delivered to such Depositary or a
      nominee thereof or custodian therefor, and each such Global Debenture shall
      constitute a single Debt Security for all purposes of this
      Indenture.

     

    
      
        
        

      

      
        -19-

        
          

        

      

      
        
        

      

    

     

    (b) Notwithstanding
      any other provision in this Indenture, no Global Debenture may be exchanged
      in
      whole or in part for Debt Securities registered, and no transfer of a Global
      Debenture in whole or in part may be registered, in the name of any Person
      other
      than the Depositary for such Global Debenture or a nominee thereof unless (i)
      such Depositary advises the Trustee and the Company in writing that such
      Depositary is no longer willing or able to properly discharge its
      responsibilities as Depositary with respect to such Global Debenture, and no
      qualified successor is appointed by the Company within ninety (90) days of
      receipt by the Company of such notice, (ii) such Depositary ceases to be a
      clearing agency registered under the Exchange Act and no successor is appointed
      by the Company within ninety (90) days after obtaining knowledge of such event,
      (iii) the Company executes and delivers to the Trustee a company order stating
      that the Company elects to terminate the book-entry system through the
      Depositary or (iv) an Event of Default shall have occurred and be continuing.
      Upon the occurrence of any event specified in clause (i), (ii), (iii) or (iv)
      above, the Trustee shall notify the Depositary and instruct the Depositary
      to
      notify all owners of beneficial interests in such Global Debenture of the
      occurrence of such event and of the availability of Debt Securities to such
      owners of beneficial interests requesting the same. Upon the issuance of such
      Debt Securities and the registration in the Debt Security Register of such
      Debt
      Securities in the names of such owners of the beneficial interests therein,
      the
      Trustee shall recognize such owners of beneficial interests as holders
      hereof.

     

    (c) If
      any
      Global Debenture is to be exchanged for other Debt Securities or canceled in
      part, or if another Debt Security is to be exchanged in whole or in part for
      a
      beneficial interest in any Global Debenture, then either (i) such Global
      Debenture shall be so surrendered for exchange or cancellation as provided
      in
      this Article
      II
      or (ii)
      the principal amount thereof shall be reduced or increased by an amount equal
      to
      the portion thereof to be so exchanged or canceled, or equal to the principal
      amount of such other Debt Security to be so exchanged for a beneficial interest
      therein, as the case may be, by means of an appropriate adjustment made on
      the
      records of the Debt Security Registrar, whereupon the Trustee, in accordance
      with the applicable depository procedures, shall instruct the Depositary or
      its
      authorized representative to make a corresponding adjustment to its records.
      Upon any such surrender or adjustment of a Global Debenture by the Depositary,
      accompanied by registration instructions, the Company shall execute and the
      Trustee shall authenticate and deliver any Debt Securities issuable in exchange
      for such Global Debenture (or any portion thereof) in accordance with the
      instructions of the Depositary. The Trustee shall not be liable for any delay
      in
      delivery of such instructions and may conclusively rely on, and shall be fully
      protected in relying on, such instructions.

     

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

     

    (e) Debt
      Securities distributed to holders of Book-Entry Capital Securities (as defined
      in the Trust Agreement) upon the dissolution of the Trust shall be distributed
      in the form of one or more Global Debentures registered in the name of a
      Depositary or its nominee, and deposited with the Debt Security Registrar,
      as
      custodian for such Depositary, or with such Depositary, for credit by the
      Depositary to the respective accounts of the beneficial owners of the Debt
      Securities represented thereby (or such other accounts as they may direct).
      Debt
      Securities distributed to holders of Capital Securities other than Book-Entry
      Capital Securities upon the dissolution of the Trust shall not be issued in
      the
      form of a Global Debenture or any other form intended to facilitate book-entry
      trading in beneficial interests in such Debt Securities.

     

    
      
        
        

      

      
        -20-

        
          

        

      

      
        
        

      

    

     

    (f) The
      Depositary or its nominee, as the registered owner of a Global Debenture, shall
      be the holder of such Global Debenture for all purposes under this Indenture
      and
      the Debt Securities, and owners of beneficial interests in a Global Debenture
      shall hold such interests pursuant to the Applicable Depository Procedures.
      Accordingly, any such owner's beneficial interest in a Global Debenture shall
      be
      shown only on, and the transfer of such interest shall be effected only through,
      records maintained by the Depositary or its nominee or its Depositary
      Participants. The Debt Security Registrar and the Trustee shall be entitled
      to
      deal with the Depositary for all purposes of this Indenture relating to a Global
      Debenture (including the payment of principal and interest thereon and the
      giving of instructions or directions by owners of beneficial interests therein
      and the giving of notices) as the sole holder of the Debt Security and shall
      have no obligations to the owners of beneficial interests therein. Neither
      the
      Trustee nor the Debt Security Registrar shall have any liability in respect
      of
      any transfers affected by the Depositary.

     

    (g) The
      rights of owners of beneficial interests in a Global Debenture shall be
      exercised only through the Depositary and shall be limited to those established
      by law and agreements between such owners and the Depositary and/or its
      Depositary Participants.

     

    (h) No
      holder
      of any beneficial interest in any Global Debenture held on its behalf by a
      Depositary shall have any rights under this Indenture with respect to such
      Global Debenture, and such Depositary may be treated by the Company, the Trustee
      and any agent of the Company or the Trustee as the owner of such Global
      Debenture for all purposes whatsoever. None of the Company, the Trustee nor
      any
      agent of the Company or the Trustee will have any responsibility or liability
      for any aspect of the records relating to or payments made on account of
      beneficial ownership interests of a Global Debenture or maintaining, supervising
      or reviewing any records relating to such beneficial ownership interests.
      Notwithstanding the foregoing, nothing herein shall prevent the Company, the
      Trustee or any agent of the Company or the Trustee from giving effect to any
      written certification, proxy or other authorization furnished by a Depositary
      or
      impair, as between a Depositary and such holders of beneficial interests, the
      operation of customary practices governing the exercise of the rights of the
      Depositary (or its nominee) as holder of any Debt Security.

     

    ARTICLE
      III

     

    PARTICULAR
      COVENANTS OF THE COMPANY

     

    SECTION
      3.01. Payment
      of Principal, Premium and Interest; Agreed Treatment of the Debt
      Securities.

     

    (a) The
      Company covenants and agrees that it will duly and punctually pay or cause
      to be
      paid all payments due on the Debt Securities at the place, at the respective
      times and in the manner provided in this Indenture and the Debt Securities.
      At
      the option of the Company, each installment of interest on the Debt Securities
      may be paid (i) by mailing checks for such interest payable to the order of
      the
      Securityholders entitled thereto as they appear on the Debt Security Register
      or
      (ii) by wire transfer to any account with a banking institution located in
      the
      United States designated by such Securityholders to the Paying Agent no later
      than the related record date. Notwithstanding anything to the contrary contained
      in this Indenture or any Debt Security, if the Trust or the Trustee of the
      Trust
      is the holder of any Debt Security, then all payments in respect of such Debt
      Security shall be made by the Company in immediately available funds when due.
      

     

    
      
        
        

      

      
        -21-

        
          

        

      

      
        
        

      

    

     

    (b) The
      Company and each of the Securityholders will treat the Debt Securities as
      indebtedness, and the amounts, other than payments of principal, payable in
      respect of the principal amount of such Debt Securities as interest, for all
      U.S. federal income tax purposes. All payments in respect of the Debt Securities
      will be made free and clear of U.S. withholding tax to any beneficial owner
      thereof that has provided (i) an Internal Revenue Service Form W-9 or W-8BEN
      (or
      any substitute or successor form) establishing its U.S. or non-U.S. status
      for
      U.S. federal income tax purposes, and establishing a complete exemption from
      U.S. withholding tax, or (ii) any other applicable form establishing a complete
      exemption from U.S. withholding tax.

     

    (c) As
      of the
      date of this Indenture, the Company represents that it has no intention to
      exercise its right under Section 2.11 to defer payments of interest on the
      Debt
      Securities by commencing an Extension Period.

     

    SECTION
      3.02. Offices
      for Notices and Payments, etc.

     

    So
      long
      as any of the Debt Securities remain outstanding, the Company will maintain
      an
      office or agency where the Debt Securities may be presented for payment, an
      office or agency where the Debt Securities may be presented for registration
      of
      transfer and for exchange as provided in this Indenture and an office or agency
      where notices and demands to or upon the Company in respect of the Debt
      Securities or of this Indenture may be served. Until otherwise designated by
      the
      Company in a Notice to the Trustee, such office or agency for all above purposes
      shall be at the Principal Office of the Trustee. In case the Company shall
      fail
      to maintain any such office or shall fail to give such notice of the location
      or
      of any change in the location thereof, presentations and demands may be made
      and
      notices may be served at the Principal Office of the Trustee.

     

    In
      addition to any such office or agency, the Company may from time to time
      designate one or more other offices or agencies where the Debt Securities may
      be
      presented for registration of transfer and for exchange in the manner provided
      in this Indenture, and the Company may from time to time rescind such
      designation, as the Company may deem desirable or expedient; provided,
      however,
      that no
      such designation or rescission shall in any manner relieve the Company of its
      obligation to maintain any such office or agency for the purposes above
      mentioned. The Company will give to the Trustee prompt written notice of any
      such designation or rescission thereof.

     

    
      
        
        

      

      
        -22-

        
          

        

      

      
        
        

      

    

     

    SECTION
      3.03. Appointments
      to Fill Vacancies in Trustee's Office.

     

    The
      Company, whenever necessary to avoid or fill a vacancy in the office of Trustee,
      will appoint, in the manner provided in Section 6.09, a Trustee, so that there
      shall at all times be a Trustee hereunder.

     

    SECTION
      3.04. Provision
      as to Paying Agent.

     

    (a) If
      the
      Company shall appoint a Paying Agent other than the Trustee, it will cause
      such
      Paying Agent to execute and deliver to the Trustee an instrument in which such
      agent shall agree with the Trustee, subject to the provision of this Section
      3.04:

     

    (1) that
      it
      will hold all sums held by it as such agent for the payment of all payments
      due
      on the Debt Securities (whether such sums have been paid to it by the Company
      or
      by any other obligor on the Debt Securities) in trust for the benefit of the
      Securityholders;

     

    (2) that
      it
      will give the Trustee prompt written notice of any failure by the Company (or
      by
      any other obligor on the Debt Securities) to make any payment on the Debt
      Securities when the same shall be due and payable; and

     

    (3) that
      it
      will, at any time during the continuance of any Event of Default, upon the
      written request of the Trustee, forthwith pay to the Trustee all sums so held
      in
      trust by such Paying Agent.

     

    (b) If
      the
      Company shall act as its own Paying Agent, it will, on or before each due date
      of the payments due on the Debt Securities, set aside, segregate and hold in
      trust for the benefit of the Securityholders a sum sufficient to pay such
      payments so becoming due and will notify the Trustee in writing of any failure
      to take such action and of any failure by the Company (or by any other obligor
      under the Debt Securities) to make any payment on the Debt Securities when
      the
      same shall become due and payable.

     

    Whenever
      the Company shall have one or more Paying Agents for the Debt Securities, it
      will, on or prior to each due date of the payments on the Debt Securities,
      deposit with a Paying Agent a sum sufficient to pay all payments so becoming
      due, such sum to be held in trust for the benefit of the Persons entitled
      thereto and (unless such Paying Agent is the Trustee) the Company shall promptly
      notify the Trustee in writing of its action or failure to act.

     

    (c) Anything
      in this Section 3.04 to the contrary notwithstanding, the Company may, at any
      time, for the purpose of obtaining a satisfaction and discharge with respect
      to
      the Debt Securities, or for any other reason, pay, or direct any Paying Agent
      to
      pay to the Trustee all sums held in trust by the Company or any such Paying
      Agent, such sums to be held by the Trustee upon the same terms and conditions
      herein contained.

     

    (d) Anything
      in this Section 3.04 to the contrary notwithstanding, the agreement to hold
      sums
      in trust as provided in this Section 3.04 is subject to Sections 12.03 and
      12.04.

     

    
      
        
        

      

      
        -23-

        
          

        

      

      
        
        

      

    

     

    (e) The
      Company hereby initially appoints the Trustee to act as Paying Agent (the
      "Paying Agent").

     

    SECTION
      3.05. Certificate
      to Trustee.

     

    The
      Company will deliver to the Trustee on or before 120 days after the end of
      each
      fiscal year, so long as Debt Securities are outstanding hereunder, a Certificate
      stating that in the course of the performance by the signers of their duties
      as
      officers of the Company they would normally have knowledge of any default by
      the
      Company in the performance of any covenants of the Company contained herein,
      stating whether or not they have knowledge of any such default and, if so,
      specifying each such default of which the signers have knowledge and the nature
      thereof.

     

    SECTION
      3.06. Additional
      Interest.

     

    If
      and
      for so long as the Trust is the holder of all Debt Securities and is subject
      to
      or otherwise required to pay, or is required to withhold from distributions
      to
      holders of Trust Securities, any additional taxes (including withholding taxes),
      duties, assessments or other governmental charges as a result of a Tax Event,
      the Company will pay such additional amounts (the "Additional Interest") on
      the
      Debt Securities as shall be required so that the net amounts received and
      retained by the Trust for distribution to holders of Trust Securities after
      paying all taxes (including withholding taxes), duties, assessments or other
      governmental charges will be equal to the amounts the Trust would have received
      and retained for distribution to holders of Trust Securities after paying all
      taxes (including withholding taxes on distributions to holders of Trust
      Securities), duties, assessments or other governmental charges if no such
      additional taxes, duties, assessments or other governmental charges had been
      imposed. Whenever in this Indenture or the Debt Securities there is a reference
      in any context to the payment of principal of or premium, if any, or interest
      on
      the Debt Securities, such mention shall be deemed to include mention of payments
      of the Additional Interest provided for in this paragraph to the extent that,
      in
      such context, Additional Interest is, was or would be payable in respect thereof
      pursuant to the provisions of this paragraph and express mention of the payment
      of Additional Interest (if applicable) in any provisions hereof shall not be
      construed as excluding Additional Interest in those provisions hereof where
      such
      express mention is not made; provided,
      however,
      that,
      notwithstanding anything to the contrary contained in this Indenture or any
      Debt
      Security, the deferral of the payment of interest during an Extension Period
      pursuant to Section 2.11 shall not defer the payment of any Additional Interest
      that may be due and payable.

     

    SECTION
      3.07. Compliance
      with Consolidation Provisions.

     

    The
      Company will not, while any of the Debt Securities remain outstanding,
      consolidate with, or merge into any other Person, or merge into itself, or
      sell,
      convey, transfer or otherwise dispose of all or substantially all of its
      property or capital stock to any other Person unless the provisions of Article
      XI hereof are complied with.

     

    
      
        
        

      

      
        -24-

        
          

        

      

      
        
        

      

    

     

    SECTION
      3.08. Limitation
      on Dividends.

     

    If
      Debt
      Securities are initially issued to the Trust or a trustee of such Trust in
      connection with the issuance of Trust Securities by the Trust (regardless of
      whether Debt Securities continue to be held by such Trust) and (i) there shall
      have occurred and be continuing an Event of Default, (ii) the Company shall
      be
      in default with respect to its payment of any obligations under the Capital
      Securities Guarantee or (iii) the Company shall have given notice of its
      election to defer payments of interest on the Debt Securities by extending
      the
      interest distribution period as provided herein and such period, or any
      extension thereof, shall have commenced and be continuing, then the Company
      may
      not (A) declare or pay any dividends or distributions on, or redeem, purchase,
      acquire, or make a liquidation payment with respect to, any of the Company's
      capital stock or (B) make any payment of principal of or interest or premium,
      if
      any, on or repay, repurchase or redeem any debt securities of the Company that
      rank pari
      passu
      in all
      respects with or junior in interest to the Debt Securities or (C) make any
      payment under any guarantees of the Company that rank pari
      passu
      in all
      respects with or junior in interest to the Capital Securities Guarantee (other
      than (a) repurchases, redemptions or other acquisitions of shares of capital
      stock of the Company (I) in connection with any employment contract, benefit
      plan or other similar arrangement with or for the benefit of one or more
      employees, officers, directors or consultants, (II) in connection with a
      dividend reinvestment or stockholder stock purchase plan or (III) in connection
      with the issuance of capital stock of the Company (or securities convertible
      into or exercisable for such capital stock), as consideration in an acquisition
      transaction entered into prior to the occurrence of (i), (ii)
      or (iii)
      above, (b) as a result of any exchange, reclassification, combination or
      conversion of any class or series of the Company's capital stock (or any capital
      stock of a subsidiary of the Company) for any class or series of the Company's
      capital stock or of any class or series of the Company's indebtedness for any
      class or series of the Company's capital stock, (c) the purchase of fractional
      interests in shares of the Company's capital stock pursuant to the conversion
      or
      exchange provisions of such capital stock or the security being converted or
      exchanged, (d) any declaration of a dividend in connection with any
      stockholder's rights plan, or the issuance of rights, stock or other property
      under any stockholder's rights plan, or the redemption or repurchase of rights
      pursuant thereto, or (e) any dividend in the form of stock, warrants, options
      or
      other rights where the dividend stock or the stock issuable upon exercise of
      such warrants, options or other rights is the same stock as that on which the
      dividend is being paid or ranks pari
      passu
      with or
      junior to such stock).

     

    SECTION
      3.09. Covenants
      as to the Trust.

     

    For
      so
      long as such Trust Securities remain outstanding, the Company shall maintain
      100% ownership of the Common Securities; provided,
      however,
      that
      any permitted successor of the Company under this Indenture that is a U.S.
      Person may succeed to the Company's ownership of such Common Securities. The
      Company, as owner of the Common Securities, shall use commercially reasonable
      efforts to cause the Trust (a) to remain a statutory trust, except in connection
      with a distribution of Debt Securities to the holders of Trust Securities in
      liquidation of the Trust, the redemption of all of the Trust Securities or
      certain mergers, consolidations or amalgamations, each as permitted by the
      Declaration, (b) to otherwise continue to be classified as a grantor trust
      for
      United States federal income tax purposes and (c) to cause each holder of Trust
      Securities to be treated as owning an undivided beneficial interest in the
      Debt
      Securities.

     

    
      
        
        

      

      
        -25-

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      IV

     

    LISTS
      AND
      REPORTS BY THE COMPANY AND THE TRUSTEE

     

    SECTION
      4.01. Securityholders'
      Lists.

     

    The
      Company covenants and agrees that it will furnish or cause to be furnished
      to
      the Trustee:

     

    (a) on
      each
      regular record date for an Interest Payment Date, a list, in such form as the
      Trustee may reasonably require, of the names and addresses of the
      Securityholders as of such record date; and

     

    (b) at
      such
      other times as the Trustee may request in writing, within 30 days after the
      receipt by the Company of any such request, a list of similar form and content
      as of a date not more than 15 days prior to the time such list is
      furnished;

     

    (a) except
      that no such lists need be furnished under this Section 4.01 so long as the
      Trustee is in possession thereof by reason of its acting as Debt Security
      Registrar.

     

    SECTION
      4.02. Preservation
      and Disclosure of Lists.

     

    (a) The
      Trustee shall preserve, in as current a form as is reasonably practicable,
      all
      information as to the names and addresses of the Securityholders (1) contained
      in the most recent list furnished to it as provided in Section 4.01 or (2)
      received by it in the capacity of Debt Security Registrar (if so acting)
      hereunder. The Trustee may destroy any list furnished to it as provided in
      Section 4.01 upon receipt of a new list so furnished.

     

    (b) In
      case
      three or more Securityholders (hereinafter referred to as "applicants") apply
      in
      writing to the Trustee and furnish to the Trustee reasonable proof that each
      such applicant has owned a Debt Security for a period of at least six months
      preceding the date of such application, and such application states that the
      applicants desire to communicate with other Securityholders with respect to
      their rights under this Indenture or under such Debt Securities and is
      accompanied by a copy of the form of proxy or other communication which such
      applicants propose to transmit, then the Trustee shall within five Business
      Days
      after the receipt of such application, at the election of the Company,
      either:

     

    (1) afford
      such applicants access to the information preserved at the time by the Trustee
      in accordance with the provisions of subsection (a) of this Section 4.02,
      or

     

    (2) inform
      such applicants as to the approximate number of Securityholders whose names
      and
      addresses appear in the information preserved at the time by the Trustee in
      accordance with the provisions of subsection (a) of this Section 4.02,
      and as
      to the approximate cost of mailing to such Securityholders the form of proxy
      or
      other communication, if any, specified in such application.

     

    
      
        
        

      

      
        -26-

        
          

        

      

      
        
        

      

    

     

    If
      the
      Trustee shall elect not to afford such applicants access to such information,
      the Trustee shall, upon the written request of such applicants, mail to each
      Securityholder whose name and address appear in the information preserved at
      the
      time by the Trustee in accordance with the provisions of subsection (a) of
      this
      Section 4.02 a copy of the form of proxy or other communication which is
      specified in such request with reasonable promptness after a tender to the
      Trustee of the material to be mailed and of payment, or provision for the
      payment, of the reasonable expenses of mailing, unless within five days after
      such tender, the Trustee shall mail to such applicants, and file with the
      Securities and Exchange Commission, if permitted or required by applicable
      law,
      together with a copy of the material to be mailed, a written statement of the
      Company to the effect that, in the opinion of the Trustee, such mailing would
      be
      contrary to the best interests of the holders of all Debt Securities, as the
      case may be, or would be in violation of applicable law. Such written statement
      shall specify the basis of such opinion. If said Commission, as permitted or
      required by applicable law, after opportunity for a hearing upon the objections
      specified in the written statement so filed, shall enter an order refusing
      to
      sustain any of such objections or if, after the entry of an order sustaining
      one
      or more of such objections, said Commission shall find, after notice and
      opportunity for hearing, that all the objections so sustained have been met
      and
      shall enter an order so declaring, the Trustee shall mail copies of such
      material to all such Securityholders with reasonable promptness after the entry
      of such order and the renewal of such tender; otherwise the Trustee shall be
      relieved of any obligation or duty to such applicants respecting their
      application.

     

    (c) Each
      and
      every Securityholder, by receiving and holding the same, agrees with the Company
      and the Trustee that neither the Company nor the Trustee nor any Paying Agent
      shall be held accountable by reason of the disclosure of any such information
      as
      to the names and addresses of the Securityholders in accordance with the
      provisions of subsection (b) of this Section 4.02, regardless of the source
      from
      which such information was derived, and that the Trustee shall not be held
      accountable by reason of mailing any material pursuant to a request made under
      said subsection (b).

     

    SECTION
      4.03. Financial
      and Other Information.

     

    The
      Company shall deliver to each Securityholder (1)
      if the
      Company is not (y)
      subject to Section 13 or 15(d) of the Exchange Act or (z) exempt from reporting
      pursuant to Rule 12g3-2(b) thereunder, each
      Securityholder shall have the right to obtain from the Company, upon request
      of
      such Securityholder,
      the
      information required to be provided by Rule 144A(d)(4) under the Securities
      Act
      and (2)
      within
      30 days after the end of the fiscal year of the Company, Form 1099 or such
      other
      annual U.S. federal income tax information statement required by the Code
      containing such information with regard to the Debt Securities held by such
      Securityholder
      as is
      required by the Code and the income tax regulations of the U.S. Treasury
      thereunder.

     

    
      
        
        

      

      
        -27-

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      V

     

    REMEDIES
      OF THE TRUSTEE AND SECURITYHOLDERS UPON AN EVENT OF DEFAULT

     

    SECTION
      5.01. Events
      of Default.

     

    (b) The
      following events shall be "Events of Default" with respect to Debt
      Securities:

     

    (a) the
      Company defaults in the payment of any interest upon any Debt Security when
      it
      becomes due and payable (unless the Company has elected and may defer interest
      payments pursuant to Section 2.11), and continuance of such default for a period
      of 30 days; for the avoidance of doubt, an extension of any interest
      distribution period by the Company in accordance with Section 2.11 of this
      Indenture shall not constitute a default under this clause 5.01(a);
      or

     

    (b) the
      Company defaults in the payment of all or any part of the principal of (or
      premium, if any, on) any Debt Securities as and when the same shall become
      due
      and payable either at maturity, upon redemption, by declaration of acceleration
      pursuant to Section 5.01 of this Indenture or otherwise; or

     

    (c) the
      Company defaults in the payment of any interest upon any Debt Security when
      it
      becomes due and payable following the nonpayment of any such interest for 20
      or
      more consecutive quarterly periods; or

     

    (d) the
      Company defaults in the performance of, or breaches, any of its covenants or
      agreements in Sections 3.06, 3.07, 3.08 or 3.09 of this Indenture (other than
      a
      covenant or agreement a default in whose performance or whose breach is
      elsewhere in this Section specifically dealt with), and continuance of such
      default or breach for a period of 30 days after there has been given, by
      registered or certified mail, to the Company by the Trustee or to the Company
      and the Trustee by the holders of not less than 25% in aggregate principal
      amount of the outstanding Debt Securities, a written notice specifying such
      default or breach and requiring it to be remedied and stating that such notice
      is a "Notice of Default" hereunder; or

     

    (e) a
      court
      having jurisdiction in the premises shall enter a decree or order for relief
      in
      respect of the Company in an involuntary case under any applicable bankruptcy,
      insolvency or other similar law now or hereafter in effect, or appoints a
      receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar
      official) of the Company or for any substantial part of its property, or orders
      the winding-up or liquidation of its affairs and such decree or order shall
      remain unstayed and in effect for a period of 90 consecutive days;
      or

     

    (f) the
      Company shall commence a voluntary case under any applicable bankruptcy,
      insolvency or other similar law now or hereafter in effect, shall consent to
      the
      entry of an order for relief in an involuntary case under any such law, or
      shall
      consent to the appointment of or taking possession by a receiver, liquidator,
      assignee, trustee, custodian, sequestrator (or other similar official) of the
      Company or of any substantial part of its property, or shall make any general
      assignment for the benefit of creditors, or shall fail generally to pay its
      debts as they become due; or

     

    
      
        
        

      

      
        -28-

        
          

        

      

      
        
        

      

    

     

    (g) the
      Trust
      shall have voluntarily or involuntarily liquidated, dissolved, wound-up its
      business or otherwise terminated its existence except in connection with (1)
      the
      distribution of the Debt Securities to holders of the Trust Securities in
      liquidation of their interests in the Trust, (2) the redemption of all of the
      outstanding Trust Securities or (3) certain mergers, consolidations or
      amalgamations, each as permitted by the Declaration.

     

    If
      an
      Event of Default specified under clause (c) of this Section 5.01 occurs and
      is
      continuing with respect to the Debt Securities, then, and in each and every
      such
      case, unless the principal of the Debt Securities shall have already become
      due
      and payable, either the Trustee or the holders of not less than 25% in aggregate
      principal amount of the Debt Securities then outstanding hereunder, by notice
      in
      writing to the Company (and to the Trustee if given by Securityholders), may
      declare the entire principal of the Debt Securities and any premium and interest
      accrued, but unpaid, thereon, if any, to be due and payable immediately, and
      upon any such declaration the same shall become immediately due and payable.
      If
      an Event of Default specified under clause (e), (f) or (g) of this Section
      5.01
      occurs, then, in each and every such case, the entire principal amount of the
      Debt Securities and any premium and interest accrued, but unpaid, thereon shall
      ipso
      facto become
      immediately due and payable without further action. Notwithstanding anything
      to
      the contrary in this Section 5.01, if at any time during the period in which
      this Indenture remains in force and effect, the Company ceases or elects to
      cease to be subject to the supervision and regulations of the Federal Reserve,
      OTS, OCC or similar regulatory authority overseeing bank, thrift, savings and
      loan or financial holding companies or similar institutions requiring
      specifications for the treatment of capital similar in nature to the capital
      adequacy guidelines under the Federal Reserve rules and regulations, then the
      first sentence of this paragraph shall be deemed to include clauses (a), (b)
      and
      (d) under this Section 5.01 as an Event of Default resulting in an acceleration
      of payment of the Debt Securities to the same extent as provided herein for
      clause (c).

     

    With
      respect to clause (d) of this Section 5.01, the Company agrees that in the
      event
      of a breach by the Company of its covenants or agreements mentioned therein,
      any
      remedy at law or in damages may prove inadequate and therefore the Company
      agrees that the Trustee shall be entitled to injunctive relief against the
      Company in the event of any breach or threatened breach by the Company, in
      addition to any other relief (including damages) available to the Trustee under
      this Indenture or under law.

     

    The
      foregoing provisions, however, are subject to the condition that if, at any
      time
      after the principal of the Debt Securities shall have been so declared due
      and
      payable, and before any judgment or decree for the payment of the moneys due
      shall have been obtained or entered as hereinafter provided, (i) the Company
      shall pay or shall deposit with the Trustee a sum sufficient to pay all matured
      installments of interest upon all the Debt Securities and all payments on the
      Debt Securities which shall have become due otherwise than by acceleration
      (with
      interest upon all such payments and Deferred Interest, to the extent permitted
      by law) and such amount as shall be sufficient to cover reasonable compensation
      to the Trustee and each predecessor Trustee, their respective agents, attorneys
      and counsel, and all other amounts due to the Trustee pursuant to Section 6.06,
      if any, and (ii) all Events of Default under this Indenture, other than the
      non-payment of the payments on Debt Securities which shall have become due
      by
      acceleration, shall have been cured, waived or otherwise remedied as provided
      herein, and in each and every such case the holders of a majority in aggregate
      principal amount of the Debt Securities then outstanding, by written notice
      to
      the Company and to the Trustee, may waive all defaults and rescind and annul
      such declaration and its consequences, but no such waiver or rescission and
      annulment shall extend to or shall affect any subsequent default or shall impair
      any right consequent thereon; provided, however, that if the Debt Securities
      are
      held by the Trust or a trustee of the Trust, such waiver or rescission and
      annulment shall not be effective until the holders of a majority in aggregate
      liquidation amount of the outstanding Capital Securities of the Trust shall
      have
      consented to such waiver or rescission and annulment.

     

    
      
        
        

      

      
        -29-

        
          

        

      

      
        
        

      

    

     

    In
      case
      the Trustee shall have proceeded to enforce any right under this Indenture
      and
      such proceedings shall have been discontinued or abandoned because of such
      rescission or annulment or for any other reason or shall have been determined
      adversely to the Trustee, then and in every such case the Company, the Trustee
      and the Securityholders shall be restored respectively to their several
      positions and rights hereunder, and all rights, remedies and powers of the
      Company, the Trustee and the Securityholders shall continue as though no such
      proceeding had been taken.

     

    SECTION
      5.02. Payment
      of Debt Securities on Default; Suit Therefor.

     

    The
      Company covenants that upon the occurrence of an Event of Default pursuant
      to
      paragraphs (c), (e), (f) or (g) of Section 5.01, and upon demand of the Trustee,
      the Company will pay to the Trustee, for the benefit of the Securityholders,
      the
      whole amount that then shall have become due and payable on all Debt Securities
      including Deferred Interest accrued on the Debt Securities; and, in addition
      thereto, such further amount as shall be sufficient to cover the costs and
      expenses of collection, including a reasonable compensation to the Trustee,
      its
      agents, attorneys and counsel, and any other amounts due to the Trustee under
      Section 6.06. In case the Company shall fail forthwith to pay such amounts
      upon
      such demand, the Trustee, in its own name and as trustee of an express trust,
      shall be entitled and empowered to institute any actions or proceedings at
      law
      or in equity for the collection of the sums so due and unpaid, and may prosecute
      any such action or proceeding to judgment or final decree, and may enforce
      any
      such judgment or final decree against the Company or any other obligor on such
      Debt Securities and collect in the manner provided by law out of the property
      of
      the Company or any other obligor on such Debt Securities wherever situated
      the
      moneys adjudged or decreed to be payable.

     

    
      
        
        

      

      
        -30-

        
          

        

      

      
        
        

      

    

     

    In
      case
      there shall be pending proceedings for the bankruptcy or for the reorganization
      of the Company or any other obligor on the Debt Securities under Bankruptcy
      Law,
      or in case a receiver or trustee shall have been appointed for the property
      of
      the Company or such other obligor, or in the case of any other similar judicial
      proceedings relative to the Company or other obligor upon the Debt Securities,
      or to the creditors or property of the Company or such other obligor, the
      Trustee, irrespective of whether the principal of the Debt Securities shall
      then
      be due and payable as therein expressed or by declaration of acceleration or
      otherwise and irrespective of whether the Trustee shall have made any demand
      pursuant to the provisions of this Section 5.02, shall be entitled and
      empowered, by intervention in such proceedings or otherwise, to file and prove
      a
      claim or claims for the whole amount of principal and interest owing and unpaid
      in respect of the Debt Securities and, in case of any judicial proceedings,
      to
      file such proofs of claim and other papers or documents as may be necessary
      or
      advisable in order to have the claims of the Trustee (including any claim for
      reasonable compensation to the Trustee and each predecessor Trustee, and their
      respective agents, attorneys and counsel, and for reimbursement of all other
      amounts due to the Trustee under Section 6.06) and of the Securityholders
      allowed in such judicial proceedings relative to the Company or any other
      obligor on the Debt Securities, or to the creditors or property of the Company
      or such other obligor, unless prohibited by applicable law and regulations,
      to
      vote on behalf of the Securityholders in any election of a trustee or a standby
      trustee in arrangement, reorganization, liquidation or other bankruptcy or
      insolvency proceedings or Person performing similar functions in comparable
      proceedings, and to collect and receive any moneys or other property payable
      or
      deliverable on any such claims, and to distribute the same after the deduction
      of its charges and expenses; and any receiver, assignee or trustee in bankruptcy
      or reorganization is hereby authorized by each of the Securityholders 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 Securityholders, to pay to the
      Trustee such amounts as shall be sufficient to cover reasonable compensation
      to
      the Trustee, each predecessor Trustee and their respective agents, attorneys
      and
      counsel, and all other amounts due to the Trustee under Section
      6.06.

     

    Nothing
      herein contained shall be construed to authorize the Trustee to authorize or
      consent to or accept or adopt on behalf of any Securityholder any plan of
      reorganization, arrangement, adjustment or composition affecting the Debt
      Securities or the rights of any holder thereof or to authorize the Trustee
      to
      vote in respect of the claim of any Securityholder in any such
      proceeding.

     

    All
      rights of action and of asserting claims under this Indenture, or under any
      of
      the Debt Securities, may be enforced by the Trustee without the possession
      of
      any of the Debt Securities, or the production thereof at any trial or other
      proceeding relative thereto, and any such suit or proceeding instituted by
      the
      Trustee shall be brought in its own name as trustee of an express trust, and
      any
      recovery of judgment shall be for the ratable benefit of the
      Securityholders.

     

    In
      any
      proceedings brought by the Trustee (and also any proceedings involving the
      interpretation of any provision of this Indenture to which the Trustee shall
      be
      a party) the Trustee shall be held to represent all the Securityholders, and
      it
      shall not be necessary to make any Securityholders parties to any such
      proceedings.

     

    SECTION
      5.03. Application
      of Moneys Collected by Trustee.

     

    Any
      moneys collected by the Trustee shall be applied in the following order, at
      the
      date or dates fixed by the Trustee for the distribution of such moneys, upon
      presentation of the several Debt Securities in respect of which moneys have
      been
      collected, and stamping thereon the payment, if only partially paid, and upon
      surrender thereof if fully paid:

     

    
      
        
        

      

      
        -31-

        
          

        

      

      
        
        

      

    

     

    First:
      To the
      payment of costs and expenses incurred by, and reasonable fees of, the Trustee,
      its agents, attorneys and counsel, and of all other amounts due to the Trustee
      under Section 6.06;

     

    Second:
      To the
      payment of all Senior Indebtedness of the Company if and to the extent required
      by Article XV;

     

    Third:
      To the
      payment of the amounts then due and unpaid upon Debt Securities, in respect
      of
      which or for the benefit of which money has been collected, ratably, without
      preference or priority of any kind, according to the amounts due on such Debt
      Securities; and

     

    Fourth:
      The
      balance, if any, to the Company.

     

    SECTION
      5.04. Proceedings
      by Securityholders.

     

    No
      Securityholder shall have any right to institute any suit, action or proceeding
      for any remedy hereunder, unless such Securityholder previously shall have
      given
      to the Trustee written notice of an Event of Default with respect to the Debt
      Securities and unless the holders of not less than 25% in aggregate principal
      amount of the Debt Securities then outstanding shall have given the Trustee
      a
      written request to institute such action, suit or proceeding and shall have
      offered to the Trustee such reasonable indemnity as it may require against
      the
      costs, expenses and liabilities to be incurred thereby, and the Trustee for
      60
      days after its receipt of such notice, request and offer of indemnity shall
      have
      failed to institute any such action, suit or proceeding; provided,
      that no
      Securityholder shall have any right to prejudice the rights of any other
      Securityholder, obtain priority or preference over any other such Securityholder
      or enforce any right under this Indenture except in the manner herein provided
      and for the equal, ratable and common benefit of all
      Securityholders.

     

    Notwithstanding
      any other provisions in this Indenture, however, the right of any Securityholder
      to receive payment of the principal of, premium, if any, and interest on such
      Debt Security when due, or to institute suit for the enforcement of any such
      payment, shall not be impaired or affected without the consent of such
      Securityholder. For the protection and enforcement of the provisions of this
      Section, each and every Securityholder and the Trustee shall be entitled to
      such
      relief as can be given either at law or in equity.

     

    SECTION
      5.05. Proceedings
      by Trustee.

     

    In
      case
      of an Event of Default hereunder the Trustee may in its discretion proceed
      to
      protect and enforce the rights vested in it by this Indenture by such
      appropriate judicial proceedings as the Trustee shall deem most effectual to
      protect and enforce any of such rights, either by suit in equity or by action at
      law or by proceeding in bankruptcy or otherwise, whether for the specific
      enforcement of any covenant or agreement contained in this Indenture or in
      aid
      of the exercise of any power granted in this Indenture, or to enforce any other
      legal or equitable right vested in the Trustee by this Indenture or by
      law.

     

    
      
        
        

      

      
        -32-

        
          

        

      

      
        
        

      

    

     

    SECTION
      5.06. Remedies
      Cumulative and Continuing.

     

    Except
      as
      otherwise provided in Section 2.06, all powers and remedies given by this
      Article V to the Trustee or to the Securityholders shall, to the extent
      permitted by law, be deemed cumulative and not exclusive of any other powers
      and
      remedies available to the Trustee or the Securityholders, by judicial
      proceedings or otherwise, to enforce the performance or observance of the
      covenants and agreements contained in this Indenture or otherwise established
      with respect to the Debt Securities, and no delay or omission of the Trustee
      or
      of any Securityholder to exercise any right or power accruing upon any Event
      of
      Default occurring and continuing as aforesaid shall impair any such right or
      power, or shall be construed to be a waiver of any such default or an
      acquiescence therein; and, subject to the provisions of Section 5.04, every
      power and remedy given by this Article V or by law to the Trustee or to the
      Securityholders may be exercised from time to time, and as often as shall be
      deemed expedient, by the Trustee or by the Securityholders.

     

    SECTION
      5.07. Direction
      of Proceedings and Waiver of Defaults by Majority of
      Securityholders.

     

    The
      holders of a majority in aggregate principal amount of the Debt Securities
      affected (voting as one class) at the time outstanding and, if the Debt
      Securities are held by the Trust or a trustee of the Trust, the holders of
      a
      majority in aggregate liquidation amount of the outstanding Capital Securities
      of the Trust 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 such Debt
      Securities; provided,
      however,
      that if
      the Debt Securities are held by the Trust or a trustee of the Trust, such time,
      method and place or such exercise, as the case may be, may not be so directed
      until the holders of a majority in aggregate liquidation amount of the
      outstanding Capital Securities of the Trust shall have directed such time,
      method and place or such exercise, as the case may be; provided, further, that
      (subject to the provisions of Section 6.01) the Trustee shall have the right
      to
      decline to follow any such direction if the Trustee being advised by counsel
      shall determine that the action so directed would be unjustly prejudicial to
      the
      holders not taking part in such direction or if the Trustee being advised by
      counsel determines that the action or proceeding so directed may not lawfully
      be
      taken or if a Responsible Officer of the Trustee shall determine that the action
      or proceedings so directed would involve the Trustee in personal liability.
      Prior to any declaration of acceleration, or ipso facto acceleration, of the
      maturity of the Debt Securities, the holders of a majority in aggregate
      principal amount of the Debt Securities at the time outstanding may on behalf
      of
      the holders of all of the Debt Securities waive (or modify any previously
      granted waiver of) any past default or Event of Default and its consequences,
      except a default (a) in the payment of principal of, premium, if any, or
      interest on any of the Debt Securities, (b) in respect of covenants or
      provisions hereof which cannot be modified or amended without the consent of
      the
      holder of each Debt Security affected, or (c) in respect of the covenants
      contained in Section 3.09; provided,
      however,
      that if
      the Debt Securities are held by the Trust or a trustee of the Trust, such waiver
      or modification to such waiver shall not be effective until the holders of
      a
      majority in Liquidation Amount of the Trust Securities of the Trust shall have
      consented to such waiver or modification to such waiver; provided,
      further,
      that if
      the consent of the holder of each outstanding Debt Security is required, such
      waiver or modification to such waiver shall not be effective until each holder
      of the outstanding Capital Securities of the Trust shall have consented to
      such
      waiver or modification to such waiver. Upon any such waiver or modification
      to
      such waiver, the Default or Event of Default covered thereby shall be deemed
      to
      be cured for all purposes of this Indenture and the Company, the Trustee and
      the
      Securityholders shall be restored to their former positions and rights
      hereunder, respectively; but no such waiver or modification to such waiver
      shall
      extend to any subsequent or other Default or Event of Default or impair any
      right consequent thereon. Whenever any Default or Event of Default hereunder
      shall have been waived as permitted by this Section 5.07, said Default or Event
      of Default shall for all purposes of the Debt Securities and this Indenture
      be
      deemed to have been cured and to be not continuing.

     

    
      
        
        

      

      
        -33-

        
          

        

      

      
        
        

      

    

     

    SECTION
      5.08. Notice
      of Defaults.

     

    The
      Trustee shall, within 90 days after a Responsible Officer of the Trustee shall
      have actual knowledge or received written notice of the occurrence of a Default
      with respect to the Debt Securities, mail to all Securityholders, as the names
      and addresses of such Securityholders appear upon the Debt Security Register,
      notice of all Defaults with respect to the Debt Securities actually known to
      the
      Trustee, unless such defaults shall have been cured before the giving of such
      notice (the term "defaults" for the purpose of this Section 5.08 being hereby
      defined to be the events specified in subsections (a), (b), (c), (d), (e),
      (f)
      and (g) of Section 5.01, not including periods of grace, if any, provided for
      therein); provided,
      that,
      except in the case of default in the payment of the principal of, premium,
      if
      any, or interest on any of the Debt Securities, the Trustee shall be protected
      in withholding such notice if and so long as a Responsible Officer of the
      Trustee in good faith determines that the withholding of such notice is in
      the
      interests of the Securityholders.

     

    SECTION
      5.09. Undertaking
      to Pay Costs.

     

    All
      parties to this Indenture agree, and each Securityholder by such
      Securityholder's acceptance thereof shall be deemed to have agreed, that any
      court may in its discretion require, 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 or omitted by it as Trustee, the filing by any party litigant
      in
      such suit of an undertaking to pay the costs of such suit, and that such court
      may in its discretion assess reasonable costs, including reasonable attorneys'
      fees and expenses, against any party litigant in such suit, having due regard
      to
      the merits and good faith of the claims or defenses made by such party litigant;
      but the provisions of this Section 5.09 shall not apply to any suit instituted
      by the Trustee, to any suit instituted by any Securityholder, or group of
      Securityholders, holding in the aggregate more than 10% in principal amount
      of
      the Debt Securities (or, if such Debt Securities are held by the Trust or a
      trustee of the Trust, more than 10% in liquidation amount of the outstanding
      Capital Securities), to any suit instituted by any Securityholder for the
      enforcement of the payment of the principal of (or premium, if any) or interest
      on any Debt Security against the Company on or after the same shall have become
      due and payable, or to any suit instituted in accordance with Section
      14.12.

     

    
      
        
        

      

      
        -34-

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      VI

     

    CONCERNING
      THE TRUSTEE

     

    SECTION
      6.01. Duties
      and Responsibilities of Trustee.

     

    With
      respect to the holders of Debt Securities issued hereunder, the Trustee, prior
      to the occurrence of an Event of Default with respect to the Debt Securities
      and
      after the curing or waiving of all Events of Default which may have occurred,
      with respect to the Debt Securities, undertakes to perform such duties and
      only
      such duties as are specifically set forth in this Indenture. In case an Event
      of
      Default with respect to the Debt Securities has occurred (which has not been
      cured or waived), the Trustee shall exercise 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 such person's own affairs.

     

    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) prior
      to
      the occurrence of an Event of Default with respect to the Debt Securities and
      after the curing or waiving of all Events of Default which may have
      occurred

     

    (1) the
      duties and obligations of the Trustee with respect to the Debt Securities shall
      be determined solely by the express provisions of this Indenture, and the
      Trustee shall not be liable except for the performance of such duties and
      obligations with respect to the Debt Securities as are specifically set forth
      in
      this Indenture, and no implied covenants or obligations shall be read into
      this
      Indenture against the Trustee; and

     

    (2) in
      the
      absence of bad faith on the part of the Trustee, the Trustee may conclusively
      rely, as to the truth of the statements and the correctness of the opinions
      expressed therein, upon any 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 on their face to
      the
      requirements of this Indenture;

     

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

     

    (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 direction of the
      Securityholders pursuant to Section 5.07, 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;

     

    
      
        
        

      

      
        -35-

        
          

        

      

      
        
        

      

    

     

    (d) the
      Trustee shall not be charged with knowledge of any Default or Event of Default
      with respect to the Debt Securities unless either (1) a Responsible Officer
      shall have actual knowledge of such Default or Event of Default or (2) written
      notice of such Default or Event of Default shall have been given to the Trustee
      by the Company or any other obligor on the Debt Securities or by any
      Securityholder, except with respect to an Event of Default pursuant to Sections
      5.01(a), 5.01(b) or 5.01(c) hereof (other than an Event of Default resulting
      from the default in the payment of Additional Interest or premium, if any,
      if
      the Trustee does not have actual knowledge or written notice that such payment
      is due and payable), of which the Trustee shall be deemed to have knowledge;
      and

     

    (e) in
      the
      absence of bad faith on the part of the Trustee, the Trustee may seek and rely
      on reasonable instructions from the Company.

     

    None
      of
      the provisions contained in this Indenture shall require the Trustee to expend
      or risk its own funds or otherwise incur personal financial liability in the
      performance of any of its duties or in the exercise of any of its rights or
      powers.

     

    SECTION
      6.02. Reliance
      on Documents, Opinions, etc.

     

    Except
      as
      otherwise provided in Section 6.01:

     

    (a) 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, consent, order, bond, note, debenture or
      other
      paper or document believed by it in good faith to be genuine and to have been
      signed or presented by the proper party or parties;

     

    (b) any
      request, direction, order or demand of the Company mentioned herein shall be
      sufficiently evidenced by an Officers' Certificate (unless other evidence in
      respect thereof be herein specifically prescribed); and any Board Resolution
      may
      be evidenced to the Trustee by a copy thereof certified by the Secretary or
      an
      Assistant Secretary of the Company;

     

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

     

    (d) the
      Trustee shall be under no obligation to exercise any of the rights or powers
      vested in it by this Indenture at the request, order or direction of any of
      the
      Securityholders, pursuant to the provisions of this Indenture, unless such
      Securityholders shall have offered to the Trustee reasonable security or
      indemnity against the costs, expenses and liabilities which may be incurred
      therein or thereby;

     

    (e) the
      Trustee shall not be liable for any action taken or omitted 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; nothing contained herein
      shall, however, relieve the Trustee of the obligation, upon the occurrence
      of an
      Event of Default with respect to the Debt Securities (that has not been cured
      or
      waived) to exercise with respect to the Debt Securities such of the rights
      and
      powers vested in it by this Indenture, and to 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 such person's own affairs;

     

    
      
        
        

      

      
        -36-

        
          

        

      

      
        
        

      

    

     

    (f) 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, consent, order, approval, bond, debenture, coupon or other
      paper or document, unless requested in writing to do so by the holders of not
      less than a majority in aggregate principal amount of the outstanding Debt
      Securities affected thereby; provided,
      however,
      that if
      the payment within a reasonable time to the Trustee of the costs, expenses
      or
      liabilities likely to be incurred by it in the making of such investigation
      is,
      in the opinion of the Trustee, not reasonably assured to the Trustee by the
      security afforded to it by the terms of this Indenture, the Trustee may require
      reasonable indemnity against such expense or liability as a condition to so
      proceeding; and

     

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

     

    SECTION
      6.03. No
      Responsibility for Recitals, etc.

     

    The
      recitals contained herein and in the Debt Securities (except in the certificate
      of authentication of the Trustee or the Authenticating Agent) shall be taken
      as
      the statements of the Company and the Trustee and the Authenticating Agent
      assume no responsibility for the correctness of the same. The Trustee and the
      Authenticating Agent make no representations as to the validity or sufficiency
      of this Indenture or of the Debt Securities. The Trustee and the Authenticating
      Agent shall not be accountable for the use or application by the Company of
      any
      Debt Securities or the proceeds of any Debt Securities authenticated and
      delivered by the Trustee or the Authenticating Agent in conformity with the
      provisions of this Indenture.

     

    SECTION
      6.04. Trustee,
      Authenticating Agent, Paying Agents, Transfer Agents or Registrar May Own Debt
      Securities.

     

    The
      Trustee or any Authenticating Agent or any Paying Agent or any transfer agent
      or
      any Debt Security Registrar, in its individual or any other capacity, may become
      the owner or pledgee of Debt Securities with the same rights it would have
      if it
      were not Trustee, Authenticating Agent, Paying Agent, transfer agent or Debt
      Security Registrar.

     

    SECTION
      6.05. Moneys
      to be Held in Trust.

     

    Subject
      to the provisions of Section 12.04, all moneys received by the Trustee or any
      Paying Agent shall, until used or applied as herein provided, be held in trust
      for the purpose for which they were received, but need not be segregated from
      other funds except to the extent required by law. The Trustee and any Paying
      Agent shall be under no liability for interest on any money received by it
      hereunder except as otherwise agreed in writing with the Company. So long as
      no
      Event of Default shall have occurred and be continuing, all interest allowed
      on
      any such moneys, if any, shall be paid from time to time to the Company upon
      the
      written order of the Company, signed by the Chairman of the Board of Directors,
      the President, the Chief Operating Officer, a Vice President, the Treasurer
      or
      an Assistant Treasurer of the Company.

     

    
      
        
        

      

      
        -37-

        
          

        

      

      
        
        

      

    

     

    SECTION
      6.06. Compensation
      and Expenses of Trustee.

     

    Other
      than as provided in the Fee Agreement of even date herewith among Wells Fargo
      Delaware Trust Company, the Trustee and the Company, the Company covenants
      and
      agrees to pay to the Trustee from time to time, and the Trustee shall be
      entitled to, such compensation as shall be agreed to in writing between the
      Company and the Trustee (which shall not be limited by any provision of law
      in
      regard to the compensation of a trustee of an express trust), and the Company
      will pay or reimburse the Trustee upon its written request for all documented
      reasonable expenses, disbursements and advances incurred or made by the Trustee
      in accordance with any of the provisions of this Indenture (including the
      reasonable compensation and the reasonable expenses and disbursements of its
      counsel and of all Persons not regularly in its employ) except any such expense,
      disbursement or advance that arises from its negligence, willful misconduct
      or
      bad faith. The Company also covenants to indemnify each of the Trustee
      (including in its individual capacity) and any predecessor Trustee (and its
      officers, agents, directors and employees) for, and to hold it harmless against,
      any and all loss, damage, claim, liability or expense including taxes (other
      than taxes based on the income of the Trustee), except to the extent such loss,
      damage, claim, liability or expense results from the negligence, willful
      misconduct or bad faith of such indemnitee, arising out of or in connection
      with
      the acceptance or administration of this Trust, including the costs and expenses
      of defending itself against any claim or liability in the premises. The
      obligations of the Company under this Section 6.06 to compensate and indemnify
      the Trustee and to pay or reimburse the Trustee for documented expenses,
      disbursements and advances shall constitute additional indebtedness hereunder.
      Such additional indebtedness shall be secured by (and the Company hereby grants
      and pledges to the Trustee) a lien prior to that of the Debt Securities upon
      all
      property and funds held or collected by the Trustee as such, except funds held
      in trust for the benefit of the holders of particular Debt
      Securities.

     

    Without
      prejudice to any other rights available to the Trustee under applicable law,
      when the Trustee incurs expenses or renders services in connection with an
      Event
      of Default specified in subsections (e), (f) or (g) of Section 5.01, 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 or state bankruptcy, insolvency
      or
      other similar law.

     

    The
      provisions of this Section shall survive the resignation or removal of the
      Trustee and the defeasance or other termination of this Indenture.

     

    Notwithstanding
      anything in this Indenture or any Debt Security to the contrary, the Trustee
      shall have no obligation whatsoever to advance funds to pay any principal of
      or
      interest on or other amounts with respect to the Debt Securities or otherwise
      advance funds to or on behalf of the Company. 

     

    
      
        
        

      

      
        -38-

        
          

        

      

      
        
        

      

    

     

    SECTION
      6.07. Officers'
      Certificate as Evidence.

     

    Except
      as
      otherwise provided in Sections 6.01 and 6.02, whenever in the administration
      of
      the provisions of this Indenture the Trustee shall deem it necessary or
      desirable that a matter be proved or established prior to taking or omitting
      any
      action hereunder, such matter (unless other evidence in respect thereof be
      herein specifically prescribed) may, in the absence of negligence, willful
      misconduct or bad faith on the part of the Trustee, be deemed to be conclusively
      proved and established by an Officers' Certificate delivered to the Trustee,
      and
      such certificate, in the absence of negligence, willful misconduct or bad faith
      on the part of the Trustee, shall be full warrant to the Trustee for any action
      taken or omitted by it under the provisions of this Indenture upon the faith
      thereof.

     

    SECTION
      6.08. Eligibility
      of Trustee.

     

    The
      Trustee hereunder shall at all times be a U.S. Person that is a banking
      corporation or national banking association organized and doing business under
      the laws of the United States of America or any state thereof or of the District
      of Columbia and authorized under such laws to exercise corporate trust powers,
      having a combined capital and surplus of at least fifty million U.S. dollars
      ($50,000,000) and subject to supervision or examination by federal, state,
      or
      District of Columbia authority. If such corporation or national banking
      association publishes reports of condition at least annually, pursuant to law
      or
      to the requirements of the aforesaid supervising or examining authority, then
      for the purposes of this Section 6.08 the combined capital and surplus of such
      corporation or national banking association shall be deemed to be its combined
      capital and surplus as set forth in its most recent records of condition so
      published.

     

    The
      Company may not, nor may any Person directly or indirectly controlling,
      controlled by, or under common control with the Company, serve as Trustee,
      notwithstanding that such corporation or national banking association shall
      be
      otherwise eligible and qualified under this Article.

     

    In
      case
      at any time the Trustee shall cease to be eligible in accordance with the
      provisions of this Section 6.08, the Trustee shall resign immediately in the
      manner and with the effect specified in Section 6.09.

     

    If
      the
      Trustee has or shall acquire any "conflicting interest" within the meaning
      of §
310(b) of the Trust Indenture Act, the Trustee shall either eliminate such
      interest or resign, to the extent and in the manner provided by, and subject
      to
      this Indenture.

     

    SECTION
      6.09. Resignation
      or Removal of Trustee, Calculation Agent, Paying Agent or Debt Security
      Registrar.

     

    (a) The
      Trustee, or any trustee or trustees hereafter appointed, the Calculation Agent,
      the Paying Agent and any Debt Security Registrar may at any time resign by
      giving written notice of such resignation to the Company and by mailing notice
      thereof, at the Company's expense, to the Securityholders at their addresses
      as
      they shall appear on the Debt Security Register. Upon receiving such notice
      of
      resignation, the Company shall promptly appoint a successor or successors by
      written instrument, in duplicate, executed by order of its Board of Directors,
      one copy of which instrument shall be delivered to the resigning party and
      one
      copy to the successor. If no successor shall have been so appointed and have
      accepted appointment within 30 days after the mailing of such notice of
      resignation to the affected Securityholders, the resigning party may, at the
      Company’s expense, petition any court of competent jurisdiction for the
      appointment of a successor, or any Securityholder who has been a bona fide
      holder of a Debt Security or Debt Securities for at least six months may,
      subject to the provisions of Section 5.09, on behalf of himself or herself
      and
      all others similarly situated, petition any such court for the appointment
      of a
      successor. Such court may thereupon, after such notice, if any, as it may deem
      proper and prescribe, appoint a successor.

     

    
      
        
        

      

      
        -39-

        
          

        

      

      
        
        

      

    

     

    (b) In
      case
      at any time any of the following shall occur:

     

    (1) the
      Trustee shall fail to comply with the provisions of the last paragraph of
      Section 6.08 after written request therefor by the Company or by any
      Securityholder who has been a bona fide holder of a Debt Security or Debt
      Securities for at least six months,

     

    (2) the
      Trustee shall cease to be eligible in accordance with the provisions of Section
      6.08 and shall fail to resign after written request therefor by the Company
      or
      by any such Securityholder, or

     

    (3) the
      Trustee shall become incapable of acting, or shall be adjudged 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, the Company may remove the Trustee and appoint a successor
      Trustee by written instrument, in duplicate, executed by order of the Board
      of
      Directors, one copy of which instrument shall be delivered to the Trustee so
      removed and one copy to the successor Trustee, or, subject to the provisions
      of
      Section 5.09, if no successor Trustee shall have been so appointed and have
      accepted appointment within 30 days of the occurrence of any of (1), (2) or
      (3)
      above, the Trustee or any Securityholder who has been a bona fide holder of
      a
      Debt Security or Debt Securities for at least six months may, on behalf of
      himself or herself and all others similarly situated, petition any court of
      competent jurisdiction for the removal of the Trustee and the appointment of
      a
      successor Trustee. Such court may thereupon, after such notice, if any, as
      it
      may deem proper and prescribe, remove the Trustee and appoint a successor
      Trustee.

     

    (c) Upon
      prior written notice to the Company and the Trustee, the holders of a majority
      in aggregate principal amount of the Debt Securities at the time outstanding
      may
      at any time remove the Trustee and nominate a successor Trustee, which shall
      be
      deemed appointed as successor Trustee unless within ten Business Days after
      such
      nomination the Company objects thereto, in which case or in the case of a
      failure by such Securityholders to nominate a successor Trustee, the Trustee
      so
      removed or any Securityholder, upon the terms and conditions and otherwise
      as in
      subsection (a) of this Section 6.09 provided, may petition any court of
      competent jurisdiction for an appointment of a successor.

     

    
      
        
        

      

      
        -40-

        
          

        

      

      
        
        

      

    

     

    (d) Any
      resignation or removal of the Trustee, the Calculation Agent, the Paying Agent
      and any Debt Security Registrar and appointment of a successor pursuant to
      any
      of the provisions of this Section 6.09 shall become effective upon acceptance
      of
      appointment by the successor as provided in Section 6.10.

     

    SECTION
      6.10. Acceptance
      by Successor.

     

    Any
      successor Trustee, Calculation Agent, Paying Agent or Debt Security Registrar
      appointed as provided in Section 6.09 shall execute, acknowledge and deliver
      to
      the Company and to its predecessor an instrument accepting such appointment
      hereunder, and thereupon the resignation or removal of the retiring party shall
      become effective and such successor, without any further act, deed or
      conveyance, shall become vested with all the rights, powers, duties and
      obligations with respect to the Debt Securities of its predecessor hereunder,
      with like effect as if originally named herein; but, nevertheless, on the
      written request of the Company or of the successor, the party ceasing to act
      shall, upon payment of the amounts then due it pursuant to the provisions of
      Section 6.06, execute and deliver an instrument transferring to such successor
      all the rights and powers of the party so ceasing to act and shall duly assign,
      transfer and deliver to such successor all property and money held by such
      retiring party hereunder. Upon reasonable request of any such successor, the
      Company shall execute any and all instruments in writing for more fully and
      certainly vesting in and confirming to such successor all such rights and
      powers. Any party ceasing to act shall, nevertheless, retain a lien upon all
      property or funds held or collected to secure any amounts then due it pursuant
      to the provisions of Section 6.06.

     

    If
      a
      successor Trustee is appointed, the Company, the retiring Trustee and the
      successor Trustee shall execute and deliver an indenture supplemental hereto
      which 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 Debt Securities as to which the predecessor Trustee is
      not
      retiring shall continue to be vested in the predecessor Trustee, and 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 Trust 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.

     

    No
      successor Trustee shall accept appointment as provided in this Section 6.10
      unless at the time of such acceptance such successor Trustee shall be eligible
      and qualified under the provisions of Section 6.08.

     

    In
      no
      event shall a retiring Trustee, Calculation Agent, Paying Agent or Debt Security
      Registrar be liable for the acts or omissions of any successor
      hereunder.

     

    Upon
      acceptance of appointment by a successor Trustee, Calculation Agent, Paying
      Agent or Debt Security Registrar as provided in this Section 6.10, the Company
      shall mail notice of the succession to the Securityholders at their addresses
      as
      they shall appear on the Debt Security Register. If the Company fails to mail
      such notice within ten Business Days after the acceptance of appointment by
      the
      successor, the successor shall cause such notice to be mailed at the expense
      of
      the Company.

     

    
      
        
        

      

      
        -41-

        
          

        

      

      
        
        

      

    

     

    SECTION
      6.11. Succession
      by Merger, etc.

     

    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 of the corporate trust business of the Trustee, shall
      be the successor of the Trustee hereunder without the execution or filing of
      any
      paper or any further act on the part of any of the parties hereto; provided,
      that
      such Person shall be otherwise eligible and qualified under this
      Article.

     

    In
      case
      at the time such successor to the Trustee shall succeed to the trusts created
      by
      this Indenture any of the Debt Securities shall have been authenticated but
      not
      delivered, any such successor to the Trustee may adopt the certificate of
      authentication of any predecessor Trustee, and deliver such Debt Securities
      so
      authenticated; and in case at that time any of the Debt Securities shall not
      have been authenticated, any successor to the Trustee may authenticate such
      Debt
      Securities either in the name of any predecessor hereunder or in the name of
      the
      successor Trustee; and in all such cases such certificates shall have the full
      force which it is anywhere in the Debt Securities or in this Indenture provided
      that the certificate of the Trustee shall have; provided,
      however,
      that
      the right to adopt the certificate of authentication of any predecessor Trustee
      or authenticate Debt Securities in the name of any predecessor Trustee shall
      apply only to its successor or successors by merger, conversion or
      consolidation.

     

    SECTION
      6.12. Authenticating
      Agents.

     

    There
      may
      be one or more Authenticating Agents appointed by the Trustee upon the request
      of the Company with power to act on its behalf and subject to its direction
      in
      the authentication and delivery of Debt Securities issued upon exchange or
      registration of transfer thereof as fully to all intents and purposes as though
      any such Authenticating Agent had been expressly authorized to authenticate
      and
      deliver Debt Securities; provided, that the Trustee shall have no liability
      to
      the Company for any acts or omissions of the Authenticating Agent with respect
      to the authentication and delivery of Debt Securities. Any such Authenticating
      Agent shall at all times be a Person organized and doing business under the
      laws
      of the United States or of any state or territory thereof or of the District
      of
      Columbia authorized under such laws to act as Authenticating Agent, having
      a
      combined capital and surplus of at least $50,000,000 and being subject to
      supervision or examination by federal, state, territorial or District of
      Columbia authority. If such Person publishes reports of condition at least
      annually pursuant to law or the requirements of such authority, then for the
      purposes of this Section 6.12 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 an Authenticating Agent
      shall cease to be eligible in accordance with the provisions of this Section,
      it
      shall resign immediately in the manner and with the effect herein specified
      in
      this Section.

     

    Any
      Person into which any Authenticating Agent may be merged or converted or with
      which it may be consolidated, or any Person resulting from any merger,
      consolidation or conversion to which any Authenticating Agent shall be a party,
      or any Person succeeding to all or substantially all of the corporate trust
      business of any Authenticating Agent, shall be the successor of such
      Authenticating Agent hereunder, if such successor Person is otherwise eligible
      under this Section 6.12 without the execution or filing of any paper or any
      further act on the part of the parties hereto or such Authenticating
      Agent.

     

    
      
        
        

      

      
        -42-

        
          

        

      

      
        
        

      

    

     

    Any
      Authenticating Agent may at any time resign by giving written notice of
      resignation to the Trustee and to the Company. The Trustee may at any time
      terminate the agency of any Authenticating Agent with respect to the Debt
      Securities by giving written notice of termination 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 any Authenticating Agent shall cease to
      be
      eligible under this Section 6.12, the Trustee may, and upon the request of
      the
      Company shall, promptly appoint a successor Authenticating Agent eligible under
      this Section 6.12, shall give written notice of such appointment to the Company
      and shall mail notice of such appointment to all Securityholders as the names
      and addresses of such Securityholders appear on the Debt Security Register.
      Any
      successor Authenticating Agent upon acceptance of its appointment hereunder
      shall become vested with all rights, powers, duties and responsibilities with
      respect to the Debt Securities of its predecessor hereunder, with like effect
      as
      if originally named as Authenticating Agent herein.

     

    Other
      than as provided in the Fee Agreement of even date herewith among Wells Fargo
      Delaware Trust Company, the Company and the Trustee, the Company agrees to
      pay
      to any Authenticating Agent from time to time reasonable compensation for its
      services. Any Authenticating Agent shall have no responsibility or liability
      for
      any action taken by it as such in accordance with the directions of the Trustee
      and shall receive such reasonable indemnity as it may require against the costs,
      expenses and liabilities incurred in furtherance of its duties under this
      Section 6.12.

     

    ARTICLE
      VII

     

    CONCERNING
      THE SECURITYHOLDERS

     

    SECTION
      7.01. Action
      by Securityholders.

     

    Whenever
      in this Indenture it is provided that the holders of a specified percentage
      in
      aggregate principal amount of the Debt Securities or aggregate Liquidation
      Amount of the Capital Securities may take any action (including the making
      of
      any demand or request, the giving of any notice, consent or waiver or the taking
      of any other action), the fact that at the time of taking any such action the
      holders of such specified percentage have joined therein may be evidenced (a)
      by
      any instrument or any number of instruments of similar tenor executed by such
      Securityholders or holders of Capital Securities, as the case may be, in person
      or by agent or proxy appointed in writing, or (b) by the record of such
      Securityholders voting in favor thereof at any meeting of such Securityholders
      duly called and held in accordance with the provisions of Article VIII or of
      such holders of Capital Securities duly called and held in accordance with
      the
      provisions of the Declaration, or (c) by a combination of such instrument or
      instruments and any such record of such a meeting of such Securityholders or
      holders of Capital Securities, as the case may be, or (d) by any other method
      the Trustee deems satisfactory.

     

    
      
        
        

      

      
        -43-

        
          

        

      

      
        
        

      

    

     

    If
      the
      Company shall solicit from the Securityholders any request, demand,
      authorization, direction, notice, consent, waiver or other action or revocation
      of the same, the Company may, at its option, as evidenced by an Officers'
      Certificate, fix in advance a record date for such Debt Securities for the
      determination of Securityholders entitled to give such request, demand,
      authorization, direction, notice, consent, waiver or other action or revocation
      of the same, but the Company shall have no obligation to do so. If such a record
      date is fixed, such request, demand, authorization, direction, notice, consent,
      waiver or other action or revocation of the same may be given before or after
      the record date, but only the Securityholders of record at the close of business
      on the record date shall be deemed to be Securityholders for the purposes of
      determining whether holders of the requisite proportion of outstanding Debt
      Securities have authorized or agreed or consented to such request, demand,
      authorization, direction, notice, consent, waiver or other action or revocation
      of the same, and for that purpose the outstanding Debt Securities shall be
      computed as of the record date; provided,
      however,
      that no
      such authorization, agreement or consent by such Securityholders on the record
      date shall be deemed effective unless it shall become effective pursuant to
      the
      provisions of this Indenture not later than six months after the record
      date.

     

    SECTION
      7.02. Proof
      of Execution by Securityholders.

     

    Subject
      to the provisions of Sections 6.01, 6.02 and 8.05, proof of the execution of
      any
      instrument by a Securityholder or such Securityholder's agent or proxy shall
      be
      sufficient if made in accordance with such reasonable rules and regulations
      as
      may be prescribed by the Trustee or in such manner as shall be satisfactory
      to
      the Trustee. The ownership of Debt Securities shall be proved by the Debt
      Security Register or by a certificate of the Debt Security Registrar. The
      Trustee may require such additional proof of any matter referred to in this
      Section as it shall deem necessary.

     

    The
      record of any Securityholders' meeting shall be proved in the manner provided
      in
      Section 8.06.

     

    SECTION
      7.03. Who
      Are Deemed Absolute Owners.

     

    Prior
      to
      due presentment for registration of transfer of any Debt Security, the Company,
      the Trustee, any Authenticating Agent, any Paying Agent, any transfer agent
      and
      any Debt Security Registrar may deem the Person in whose name such Debt Security
      shall be registered upon the Debt Security Register to be, and may treat such
      Person as, the absolute owner of such Debt Security (whether or not such Debt
      Security shall be overdue) for the purpose of receiving payment of or on account
      of the principal of, premium, if any, and interest on such Debt Security and
      for
      all other purposes; and neither the Company nor the Trustee nor any
      Authenticating Agent nor any Paying Agent nor any transfer agent nor any Debt
      Security Registrar shall be affected by any notice to the contrary. All such
      payments so made to any Securityholder for the time being or upon such
      Securityholder's order shall be valid, and, to the extent of the sum or sums
      so
      paid, effectual to satisfy and discharge the liability for moneys payable upon
      any such Debt Security.

     

    
      
        
        

      

      
        -44-

        
          

        

      

      
        
        

      

    

     

    SECTION
      7.04. Debt
      Securities Owned by Company Deemed Not Outstanding.

     

    In
      determining whether the holders of the requisite aggregate principal amount
      of
      Debt Securities have concurred in any direction, consent or waiver under this
      Indenture, Debt Securities which are owned by the Company or any other obligor
      on the Debt Securities or by any Person directly or indirectly controlling
      or
      controlled by or under direct or indirect common control with the Company (other
      than the Trust) or any other obligor on the Debt Securities shall be disregarded
      and deemed not to be outstanding for the purpose of any such determination;
      provided,
      that
      for the purposes of determining whether the Trustee shall be protected in
      relying on any such direction, consent or waiver, only Debt Securities which
      a
      Responsible Officer of the Trustee actually knows are so owned shall be so
      disregarded. Debt Securities so owned which have been pledged in good faith
      may
      be regarded as outstanding for the purposes of this Section 7.04 if the pledgee
      shall establish to the satisfaction of the Trustee the pledgee's right to vote
      such Debt Securities and that the pledgee is not the Company or any such other
      obligor or Person directly or indirectly controlling or controlled by or under
      direct or indirect common control with the Company or any such other obligor.
      In
      the case of a dispute as to such right, any decision by the Trustee taken upon
      the advice of counsel shall be full protection to the Trustee.

     

    SECTION
      7.05. Revocation
      of Consents; Future Securityholders Bound.

     

    At
      any
      time prior to (but not after) the evidencing to the Trustee, as provided in
      Section 7.01, of the taking of any action by the holders of the percentage
      in
      aggregate principal amount of the Debt Securities specified in this Indenture
      in
      connection with such action, any Securityholder (in cases where no record date
      has been set pursuant to Section 7.01) or any holder as of an applicable record
      date (in cases where a record date has been set pursuant to Section 7.01) of
      a
      Debt Security (or any Debt Security issued in whole or in part in exchange
      or
      substitution therefor) the serial number of which is shown by the evidence
      to be
      included in the Debt Securities the holders of which have consented to such
      action may, by filing written notice with the Trustee at the Principal Office
      of
      the Trustee and upon proof of holding as provided in Section 7.02, revoke such
      action so far as concerns such Debt Security (or so far as concerns the
      principal amount represented by any exchanged or substituted Debt Security).
      Except as aforesaid any such action taken by the holder of any Debt Security
      shall be conclusive and binding upon such Securityholder and upon all future
      holders and owners of such Debt Security, and of any Debt Security issued in
      exchange or substitution therefor or on registration of transfer thereof,
      irrespective of whether or not any notation in regard thereto is made upon
      such
      Debt Security or any Debt Security issued in exchange or substitution
      therefor.

     

    ARTICLE
      VIII

     

    SECURITYHOLDERS'
      MEETINGS

     

    SECTION
      8.01. Purposes
      of Meetings.

     

    A
      meeting
      of Securityholders may be called at any time and from time to time pursuant
      to
      the provisions of this Article VIII for any of the following
      purposes:

     

    
      
        
        

      

      
        -45-

        
          

        

      

      
        
        

      

    

     

    (a) to
      give
      any notice to the Company or to the Trustee, or to give any directions to the
      Trustee, or to consent to the waiving of any default hereunder and its
      consequences, or to take any other action authorized to be taken by
      Securityholders pursuant to any of the provisions of Article V;

     

    (b) to
      remove
      the Trustee and nominate a successor trustee pursuant to the provisions of
      Article VI;

     

    (c) to
      consent to the execution of an indenture or indentures supplemental hereto
      pursuant to the provisions of Section 9.02; or

     

    (d) to
      take
      any other action authorized to be taken by or on behalf of the holders of any
      specified aggregate principal amount of such Debt Securities under any other
      provision of this Indenture or under applicable law.

     

    SECTION
      8.02. Call
      of Meetings by Trustee.

     

    The
      Trustee may at any time call a meeting of Securityholders to take any action
      specified in Section 8.01, to be held at such time and at such place in
      Wilmington, Delaware as the Trustee shall determine. Notice of every meeting
      of
      the Securityholders, setting forth the time and the place of such meeting and
      in
      general terms the action proposed to be taken at such meeting, shall be mailed
      to Securityholders affected at their addresses as they shall appear on the
      Debt
      Securities Register. Such notice shall be mailed not less than 20 nor more
      than
      180 days prior to the date fixed for the meeting.

     

    SECTION
      8.03. Call
      of Meetings by Company or Securityholders.

     

    In
      case
      at any time the Company pursuant to a Board Resolution, or the holders of at
      least 10% in aggregate principal amount of the Debt Securities, as the case
      may
      be, then outstanding, shall have requested the Trustee to call a meeting of
      Securityholders, by written request setting forth in reasonable detail the
      action proposed to be taken at the meeting, and the Trustee shall not have
      mailed the notice of such meeting within 20 days after receipt of such request,
      then the Company or such Securityholders may determine the time and the place
      for such meeting and may call such meeting to take any action authorized in
      Section 8.01, by mailing notice thereof as provided in Section
      8.02.

     

    SECTION
      8.04. Qualifications
      for Voting.

     

    To
      be
      entitled to vote at any meeting of Securityholders a Person shall be (a) a
      holder of one or more Debt Securities with respect to which the meeting is
      being
      held or (b) a Person appointed by an instrument in writing as proxy by a holder
      of one or more such Debt Securities. The only Persons who shall be entitled
      to
      be present or to speak at any meeting of Securityholders shall be the Persons
      entitled to vote at such meeting and their counsel and any representatives
      of
      the Trustee and its counsel and any representatives of the Company and its
      counsel.

     

    
      
        
        

      

      
        -46-

        
          

        

      

      
        
        

      

    

     

    SECTION
      8.05. Regulations.

     

    Notwithstanding
      any other provisions of this Indenture, the Trustee may make such reasonable
      regulations as it may deem advisable for any meeting of Securityholders, in
      regard to proof of the holding of Debt Securities and of the appointment of
      proxies, and in regard to the appointment and duties of inspectors of votes,
      the
      submission and examination of proxies, certificates and other evidence of the
      right to vote, and such other matters concerning the conduct of the meeting
      as
      it shall deem appropriate.

     

    The
      Trustee shall, by an instrument in writing, appoint a temporary chairman of
      the
      meeting, unless the meeting shall have been called by the Company or by
      Securityholders as provided in Section 8.03, in which case the Company or the
      Securityholders calling the meeting, as the case may be, shall in like manner
      appoint a temporary chairman. A permanent chairman and a permanent secretary
      of
      the meeting shall be elected by majority vote at the meeting.

     

    Subject
      to the provisions of Section 7.04, at any meeting each Securityholder with
      respect to which such meeting is being held or proxy therefor shall be entitled
      to one vote for each $1,000 principal amount of Debt Securities held or
      represented by such Securityholder; provided,
      however,
      that no
      vote shall be cast or counted at any meeting in respect of any Debt Security
      challenged as not outstanding and ruled by the chairman of the meeting to be
      not
      outstanding. The chairman of the meeting shall have no right to vote other
      than
      by virtue of Debt Securities held by such chairman or instruments in writing
      as
      aforesaid duly designating such chairman as the Person to vote on behalf of
      other Securityholders. Any meeting of Securityholders duly called pursuant
      to
      the provisions of Section 8.02 or 8.03 may be adjourned from time to time by
      a
      majority of those present, whether or not constituting a quorum, and the meeting
      may be held as so adjourned without further notice.

     

    SECTION
      8.06. Voting.

     

    The
      vote
      upon any resolution submitted to any meeting of Securityholders with respect
      to
      which such meeting is being held shall be by written ballots on which shall
      be
      subscribed the signatures of such Securityholders or of their representatives
      by
      proxy and the serial number or numbers of the Debt Securities held or
      represented by them. The permanent chairman of the meeting shall appoint two
      inspectors of votes who shall count all votes cast at the meeting for or against
      any resolution and who shall make and file with the secretary of the meeting
      their verified written reports in triplicate of all votes cast at the meeting.
      A
      record in duplicate of the proceedings of each meeting of Securityholders shall
      be prepared by the secretary of the meeting and there shall be attached to
      said
      record the original reports of the inspectors of votes on any vote by ballot
      taken thereat and affidavits by one or more Persons having knowledge of the
      facts setting forth a copy of the notice of the meeting and showing that said
      notice was mailed as provided in Section 8.02. The record shall show the serial
      numbers of the Debt Securities voting in favor of or against any resolution.
      The
      record shall be signed and verified by the affidavits of the permanent chairman
      and secretary of the meeting and one of the duplicates shall be delivered to
      the
      Company and the other to the Trustee to be preserved by the Trustee, the latter
      to have attached thereto the ballots voted at the meeting. Any record so signed
      and verified shall be conclusive evidence of the matters therein stated.

     

    
      
        
        

      

      
        -47-

        
          

        

      

      
        
        

      

    

     

    SECTION
      8.07. Quorum;
      Actions.

     

    The
      Persons entitled to vote a majority in outstanding principal amount of the
      Debt
      Securities shall constitute a quorum for a meeting of Securityholders;
provided,
      however,
      that if
      any action is to be taken at such meeting with respect to a consent, waiver,
      request, demand, notice, authorization, direction or other action which may
      be
      given by the holders of not less than a specified percentage in outstanding
      principal amount of the Debt Securities, the Persons holding or representing
      such specified percentage in outstanding principal amount of the Debt Securities
      will constitute a quorum. In the absence of a quorum within 30 minutes of the
      time appointed for any such meeting, the meeting shall, if convened at the
      request of Securityholders, be dissolved. In any other case the meeting may
      be
      adjourned for a period of not less than 10 days as determined by the permanent
      chairman of the meeting prior to the adjournment of such meeting. In the absence
      of a quorum at any such adjourned meeting, such adjourned meeting may be further
      adjourned for a period of not less than 10 days as determined by the permanent
      chairman of the meeting prior to the adjournment of such adjourned meeting.
      Notice of the reconvening of any adjourned meeting shall be given as provided
      in
      Section 8.02, except that such notice need be given only once not less than
      five
      days prior to the date on which the meeting is scheduled to be reconvened.
      Notice of the reconvening of an adjourned meeting shall state expressly the
      percentage, as provided above, of the outstanding principal amount of the Debt
      Securities which shall constitute a quorum.

     

    Except
      as
      limited by the proviso in the first paragraph of Section 9.02, any resolution
      presented to a meeting or adjourned meeting duly reconvened at which a quorum
      is
      present as aforesaid may be adopted by the affirmative vote of the holders
      of
      not less than a majority in outstanding principal amount of the Debt Securities;
      provided,
      however,
      that,
      except as limited by the proviso in the first paragraph of Section 9.02, any
      resolution with respect to any consent, waiver, request, demand, notice,
      authorization, direction or other action that this Indenture expressly provides
      may be given by the holders of not less than a specified percentage in
      outstanding principal amount of the Debt Securities may be adopted at a meeting
      or an adjourned meeting duly reconvened and at which a quorum is present as
      aforesaid only by the affirmative vote of the holders of not less than such
      specified percentage in outstanding principal amount of the Debt
      Securities.

     

    Any
      resolution passed or decision taken at any meeting of Securityholders duly
      held
      in accordance with this Section shall be binding on all the Securityholders,
      whether or not present or represented at the meeting.

     

    SECTION
      8.08. Written
      Consent Without a Meeting.

     

    Whenever
      under this Indenture, Securityholders are required or permitted to take any
      action by vote, such action may be taken without a meeting on written consent,
      setting forth the action so taken, signed by the Securityholders of all
      outstanding Debt Securities entitled to vote thereon. No consent shall be
      effective to take the action referred to therein unless, within sixty days
      of
      the earliest dated consent delivered in the manner required by this paragraph
      to
      the Trustee, written consents signed by a sufficient number of Securityholders
      to take action are delivered to the Trustee at its Principal Office. Delivery
      made to the Trustee at its Principal Office, shall be by hand or by certificated
      or registered mail, return receipt requested. Written consent thus given by
      the
      Securityholders of such number of Debt Securities as is required hereunder,
      shall have the same effect as a valid vote of Securityholders of such number
      of
      Debt Securities.

     

    
      
        
        

      

      
        -48-

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      IX

     

    SUPPLEMENTAL
      INDENTURES

     

    SECTION
      9.01. Supplemental
      Indentures without Consent of Securityholders.

     

    The
      Company, when authorized by a Board Resolution, and the Trustee may from time
      to
      time and at any time enter into an indenture or indentures supplemental hereto,
      without the consent of the Securityholders, for one or more of the following
      purposes:

     

    (a) to
      evidence the succession of another Person to the Company, or successive
      successions, and the assumption by the successor Person of the covenants,
      agreements and obligations of the Company, pursuant to Article XI
      hereof;

     

    (b) to
      add to
      the covenants of the Company such further covenants, restrictions or conditions
      for the protection of the Securityholders as the Board of Directors shall
      consider to be for the protection of such Securityholders, and to make the
      occurrence, or the occurrence and continuance, of a Default in any of such
      additional covenants, restrictions or conditions a Default or an Event of
      Default permitting the enforcement of all or any of the several remedies
      provided in this Indenture as herein set forth; provided,
      however,
      that in
      respect of any such additional covenant, restriction or condition such
      supplemental indenture may provide for a particular period of grace after
      default (which period may be shorter or longer than that allowed in the case
      of
      other defaults) or may provide for an immediate enforcement upon such default
      or
      may limit the remedies available to the Trustee upon such default;

     

    (c) to
      cure
      any ambiguity or to correct or supplement any provision contained herein or
      in
      any supplemental indenture which may be defective or inconsistent with any
      other
      provision contained herein or in any supplemental indenture, or to make or
      amend
      such other provisions in regard to matters or questions arising under this
      Indenture; provided,
      that
      any such action shall not adversely affect the interests of the
      Securityholders;

     

    (d) to
      add
      to, delete from, or revise the terms of Debt Securities, including, without
      limitation, any terms relating to the issuance, exchange, registration or
      transfer of Debt Securities, including to provide for transfer procedures and
      restrictions substantially similar to those applicable to the Capital
      Securities, as required by Section 2.05 (for purposes of assuring that no
      registration of Debt Securities is required under the Securities Act of 1933,
      as
      amended); provided, that any such action shall not adversely affect the
      interests of the holders of the Debt Securities then outstanding (it being
      understood, for purposes of this proviso, that transfer restrictions on Debt
      Securities substantially similar to those applicable to Capital Securities
      shall
      not be deemed to adversely affect the Securityholders);

     

    (e) to
      evidence and provide for the acceptance of appointment hereunder by a successor
      Trustee with respect to the Debt Securities 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 6.10;

     

    
      
        
        

      

      
        -49-

        
          

        

      

      
        
        

      

    

     

    (f) to
      make
      any change (other than as elsewhere provided in this paragraph) that does not
      adversely affect the rights of any Securityholder in any material respect;
      or

     

    (g) to
      provide for the issuance of and establish the form and terms and conditions
      of
      the Debt Securities, to establish the form of any certifications required to
      be
      furnished pursuant to the terms of this Indenture or the Debt Securities, or
      to
      add to the rights of the Securityholders.

     

    The
      Trustee is hereby authorized to join with the Company in the execution of any
      such supplemental indenture, to make any further appropriate agreements and
      stipulations which may be therein contained and to accept the conveyance,
      transfer and assignment of any property thereunder, but the Trustee shall not
      be
      obligated to, but may in its discretion, enter into any such supplemental
      indenture which affects the Trustee's own rights, duties or immunities under
      this Indenture or otherwise.

     

    Any
      supplemental indenture authorized by the provisions of this Section 9.01 may
      be
      executed by the Company and the Trustee without the consent of the
      Securityholders at the time outstanding, notwithstanding any of the provisions
      of Section 9.02.

     

    SECTION
      9.02. Supplemental
      Indentures with Consent of Securityholders.

     

    With
      the
      consent (evidenced as provided in Section 7.01) of the holders of not less
      than
      a majority in aggregate principal amount of the Debt Securities at the time
      outstanding affected by such supplemental indenture, the Company, when
      authorized by a Board Resolution, and the Trustee may from time to time and
      at
      any time enter into an indenture or indentures supplemental hereto (which shall
      conform to the provisions of the Trust Indenture Act, then in effect, applicable
      to indentures qualified thereunder) for the purpose of adding any provisions
      to
      or changing in any manner or eliminating any of the provisions of this Indenture
      or of any supplemental indenture or of modifying in any manner the rights of
      the
      Securityholders; provided,
      however,
      that no
      such supplemental indenture shall without such consent of the holders of each
      Debt Security then outstanding and affected thereby (i) change the Maturity
      Date
      of any Debt Security, or reduce the principal amount thereof or any premium
      thereon, or reduce the rate (or manner of calculation of the rate) or extend
      the
      time of payment of interest thereon, or reduce (other than as a result of the
      maturity or earlier redemption of any such Debt Security in accordance with
      the
      terms of this Indenture and such Debt Security) or increase the aggregate
      principal amount of Debt Securities then outstanding, or change any of the
      redemption provisions, or make the principal thereof or any interest or premium
      thereon payable in any coin or currency other than United States Dollars, or
      impair or affect the right of any Securityholder to institute suit for payment
      thereof or impair the right of repayment, if any, at the option of the
      Securityholder, or (ii) reduce the aforesaid percentage of Debt Securities
      the
      holders of which are required to consent to any such supplemental indenture;
      and
provided,
      further,
      that if
      the Debt Securities are held by the Trust or a trustee of such trust, such
      supplemental indenture shall not be effective until the holders of a majority
      in
      Liquidation Amount of the outstanding Capital Securities shall have consented
      to
      such supplemental indenture; provided,
      further,
      that if
      the consent of the Securityholder of each outstanding Debt Security is required,
      such supplemental indenture shall not be effective until each holder of the
      outstanding Capital Securities shall have consented to such supplemental
      indenture.

     

    
      
        
        

      

      
        -50-

        
          

        

      

      
        
        

      

    

     

    Upon
      the
      request of the Company accompanied by a Board Resolution authorizing the
      execution of any such supplemental indenture, and upon the filing with the
      Trustee of evidence of the consent of Securityholders (and holders of Capital
      Securities, if required) as aforesaid, the Trustee shall join with the Company
      in the execution of such supplemental indenture unless such supplemental
      indenture affects the Trustee's own rights, duties or immunities under this
      Indenture or otherwise, in which case the Trustee may in its discretion, but
      shall not be obligated to, enter into such supplemental indenture.

     

    Promptly
      after the execution by the Company and the Trustee of any supplemental indenture
      pursuant to the provisions of this Section, the Trustee shall transmit by mail,
      first class postage prepaid, a notice, prepared by the Company, setting forth
      in
      general terms the substance of such supplemental indenture, to the
      Securityholders as their names and addresses appear upon the Debt Security
      Register. Any failure of the Trustee to mail such notice, or any defect therein,
      shall not, however, in any way impair or affect the validity of any such
      supplemental indenture.

     

    It
      shall
      not be necessary for the consent of the Securityholders under this Section
      9.02
      to approve the particular form of any proposed supplemental indenture, but
      it
      shall be sufficient if such consent shall approve the substance
      thereof.

     

    SECTION
      9.03. Effect
      of Supplemental Indentures.

     

    Upon
      the
      execution of any supplemental indenture pursuant to the provisions of this
      Article IX, this Indenture shall be and be deemed to be modified and amended
      in
      accordance therewith and the respective rights, limitations of rights,
      obligations, duties and immunities under this Indenture of the Trustee, the
      Company and the Securityholders shall thereafter be determined, exercised and
      enforced hereunder subject in all respects to such modifications and amendments
      and all the terms and conditions of any such supplemental indenture shall be
      and
      be deemed to be part of the terms and conditions of this Indenture for any
      and
      all purposes.

     

    SECTION
      9.04. Notation
      on Debt Securities.

     

    Debt
      Securities authenticated and delivered after the execution of any supplemental
      indenture pursuant to the provisions of this Article IX may bear a notation
      as
      to any matter provided for in such supplemental indenture. If the Company or
      the
      Trustee shall so determine, new Debt Securities so modified as to conform,
      in
      the opinion of the Board of Directors of the Company, to any modification of
      this Indenture contained in any such supplemental indenture may be prepared
      and
      executed by the Company, authenticated by the Trustee or the Authenticating
      Agent and delivered in exchange for the Debt Securities then
      outstanding.

     

    
      
        
        

      

      
        -51-

        
          

        

      

      
        
        

      

    

     

    SECTION
      9.05. Evidence
      of Compliance of Supplemental Indenture to be furnished to
      Trustee.

     

    The
      Trustee, subject to the provisions of Sections 6.01 and 6.02, shall, in addition
      to the documents required by Section 14.06, receive an Officers' Certificate
      and
      an Opinion of Counsel as conclusive evidence that any supplemental indenture
      executed pursuant hereto complies with the requirements of this Article IX.
      The
      Trustee shall receive an Opinion of Counsel as conclusive evidence that any
      supplemental indenture executed pursuant to this Article IX is authorized or
      permitted by, and conforms to, the terms of this Article IX and that it is
      proper for the Trustee under the provisions of this Article IX to join in the
      execution thereof.

     

    ARTICLE
      X

     

    REDEMPTION
      OF SECURITIES

     

    SECTION
      10.01. Optional
      Redemption.

     

    At
      any
      time the Company shall have the right, subject to the receipt by the Company
      of
      prior approval from any regulatory authority with jurisdiction over the Company
      if such approval is then required under applicable capital guidelines or
      policies of such regulatory authority, to redeem the Debt Securities, in whole
      or (provided that all accrued and unpaid interest has been paid on all Debt
      Securities for all Interest Payment Periods terminating on or prior to such
      date) from time to time in part, on any March 15, June 15, September 15 or
      December 15 on or after September 15, 2013 (the "Redemption Date"), at the
      Redemption Price.

     

    SECTION
      10.02. Special
      Event Redemption.

     

    If
      a
      Special Event shall occur and be continuing, the Company shall have the right,
      subject to the receipt by the Company of prior approval from any regulatory
      authority with jurisdiction over the Company if such approval is then required
      under applicable capital guidelines or policies of such regulatory authority,
      to
      redeem the Debt Securities, in whole or in part, at any time within 90 days
      following the occurrence of such Special Event (the "Special Redemption Date"),
      at the Special Redemption Price.

     

    SECTION
      10.03. Notice
      of Redemption; Selection of Debt Securities.

     

    In
      case
      the Company shall desire to exercise the right to redeem all, or, as the case
      may be, any part of the Debt Securities, it shall fix a date for redemption
      and
      shall mail, or cause the Trustee to mail (at the expense of the Company) a
      notice of such redemption at least 30 and not more than 60 days prior to the
      date fixed for redemption to the Securityholders so to be redeemed as a whole
      or
      in part at their last addresses as the same appear on the Debt Security
      Register. Such mailing shall be by first class mail. The notice if mailed in
      the
      manner herein provided shall be conclusively presumed to have been duly given,
      whether or not the Securityholder receives such notice. In any case, failure
      to
      give such notice by mail or any defect in the notice to the holder of any Debt
      Security designated for redemption as a whole or in part shall not affect the
      validity of the proceedings for the redemption of any other Debt
      Security.

     

    
      
        
        

      

      
        -52-

        
          

        

      

      
        
        

      

    

     

    Each
      such
      notice of redemption shall specify the CUSIP number, if any, of the Debt
      Securities to be redeemed, the date fixed for redemption, the redemption price
      (or manner of calculation of the price) at which Debt Securities are to be
      redeemed, the place or places of payment, that payment will be made upon
      presentation and surrender of such Debt Securities, that interest accrued to
      the
      date fixed for redemption will be paid as specified in said notice, and that
      on
      and after said date interest thereon or on the portions thereof to be redeemed
      will cease to accrue. If less than all the Debt Securities are to be redeemed
      the notice of redemption shall specify the numbers of the Debt Securities to
      be
      redeemed. In case the Debt Securities are to be redeemed in part only, the
      notice of redemption shall state the portion of the principal amount thereof
      to
      be redeemed and shall state that on and after the date fixed for redemption,
      upon surrender of such Debt Security, a new Debt Security or Debt Securities
      in
      principal amount equal to the unredeemed portion thereof will be
      issued.

     

    On
      the
      Business Day prior to the Redemption Date or the Special Redemption Date
      specified in the notice of redemption given as provided in this Section, the
      Company will deposit with the Trustee or with one or more Paying Agents an
      amount of money sufficient to redeem on the redemption date all the Debt
      Securities so called for redemption at the appropriate redemption price,
      together with unpaid interest accrued to such date.

     

    The
      Company will give the Trustee notice not less than 45 nor more than 60 days
      prior to the Redemption Date as to the Redemption Price at which the Debt
      Securities are to be redeemed and the aggregate principal amount of Debt
      Securities to be redeemed and the Trustee shall select, in such manner as in
      its
      sole discretion it shall deem appropriate and fair, the Debt Securities or
      portions thereof (in integral multiples of $1,000) to be redeemed.

     

    SECTION
      10.04. Payment
      of Debt Securities Called for Redemption.

     

    If
      notice
      of redemption has been given as provided in Section 10.03, the Debt Securities
      or portions of Debt Securities with respect to which such notice has been given
      shall become due and payable on the Redemption Date or the Special Redemption
      Date (as the case may be) and at the place or places stated in such notice
      at
      the applicable redemption price, together with interest accrued to the date
      fixed for redemption, and on and after said Redemption Date or the Special
      Redemption Date (unless the Company shall default in the payment of such Debt
      Securities at the redemption price, together with unpaid interest accrued
      thereon to said date) interest on the Debt Securities or portions of Debt
      Securities so called for redemption shall cease to accrue. On presentation
      and
      surrender of such Debt Securities at a place of payment specified in said
      notice, such Debt Securities or the specified portions thereof shall be paid
      and
      redeemed by the Company at the applicable redemption price, together with unpaid
      interest accrued thereon to the Redemption Date or the Special Redemption Date
      (as the case may be).

     

    Upon
      presentation of any Debt Security redeemed in part only, the Company shall
      execute and the Trustee shall authenticate and make available for delivery
      to
      the holder thereof, at the expense of the Company, a new Debt Security or Debt
      Securities of authorized denominations in principal amount equal to the
      unredeemed portion of the Debt Security so presented.

     

    
      
        
        

      

      
        -53-

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      XI

     

    CONSOLIDATION,
      MERGER, SALE, CONVEYANCE AND LEASE

     

    SECTION
      11.01. Company
      May Consolidate, etc., on Certain Terms.

     

    Nothing
      contained in this Indenture or in the Debt Securities shall prevent any
      consolidation or merger of the Company with or into any other corporation or
      corporations (whether or not affiliated with the Company) or successive
      consolidations or mergers in which the Company or its successor or successors
      shall be a party or parties, or shall prevent any sale, conveyance, transfer
      or
      other disposition of all or substantially all of the property or capital stock
      of the Company or its successor or successors to any other corporation (whether
      or not affiliated with the Company, or its successor or successors) authorized
      to acquire and operate the same; provided,
      however,
      that
      the Company hereby covenants and agrees that, (i) upon any such consolidation,
      merger (where the Company is not the surviving corporation), sale, conveyance,
      transfer or other disposition, the successor entity shall be a corporation
      organized and existing under the laws of the United States or any state thereof
      or the District of Columbia (unless such corporation has (1) agreed to make
      all
      payments due in respect of the Debt Securities or, if outstanding, the Capital
      Securities and Capital Securities Guarantee without withholding or deduction
      for, or on account of, any taxes, duties, assessments or other governmental
      charges under the laws or regulations of the jurisdiction of organization or
      residence (for tax purposes) of such corporation or any political subdivision
      or
      taxing authority thereof or therein unless required by applicable law, in which
      case such corporation shall have agreed to pay such additional amounts as shall
      be required so that the net amounts received and retained by the Securityholders
      or holders of Capital Securities, as the case may be, after payment of all
      taxes
      (including withholding taxes), duties, assessments or other governmental
      charges, will be equal to the amounts that such Securityholders or holders
      of
      Capital Securities would have received and retained had no such taxes (including
      withholding taxes), duties, assessments or other governmental charges been
      imposed, (2) irrevocably and unconditionally consented and submitted to the
      jurisdiction of any United States federal court or New York state court, in
      each
      case located in The City of New York, Borough of Manhattan, in respect of any
      action, suit or proceeding against it arising out of or in connection with
      this
      Indenture, the Debt Securities, the Capital Securities Guarantee or the
      Declaration and irrevocably and unconditionally waived, to the fullest extent
      permitted by law, any objection to the laying of venue in any such court or
      that
      any such action, suit or proceeding has been brought in an inconvenient forum
      and (3) irrevocably appointed an agent in The City of New York for service
      of
      process in any action, suit or proceeding referred to in clause (2) above)
      and
      such corporation expressly assumes all of the obligations of the Company under
      the Debt Securities, this Indenture, the Capital Securities Guarantee and the
      Declaration and (ii) after giving effect to any such consolidation, merger,
      sale, conveyance, transfer or other disposition, no Default or Event of Default
      shall have occurred and be continuing. 

     

    
      
        
        

      

      
        -54-

        
          

        

      

      
        
        

      

    

     

    SECTION
      11.02. Successor
      Entity to be Substituted.

     

    In
      case
      of any such consolidation, merger, sale, conveyance, transfer or other
      disposition contemplated in Section 11.01 and upon the assumption by the
      successor entity, by supplemental indenture, executed and delivered to the
      Trustee and reasonably satisfactory in form to the Trustee, of the due and
      punctual payment of the principal of and premium, if any, and interest on all
      of
      the Debt Securities and the due and punctual performance and observance of
      all
      of the covenants and conditions of this Indenture to be performed or observed
      by
      the Company, such successor entity shall succeed to and be substituted for
      the
      Company, with the same effect as if it had been named herein as the Company,
      and
      thereupon the predecessor entity shall be relieved of any further liability
      or
      obligation hereunder or upon the Debt Securities. Such successor entity
      thereupon may cause to be signed, and may issue either in its own name or in
      the
      name of the Company, any or all of the Debt Securities issuable hereunder which
      theretofore shall not have been signed by the Company and delivered to the
      Trustee or the Authenticating Agent; and, upon the order of such successor
      entity instead of the Company and subject to all the terms, conditions and
      limitations in this Indenture prescribed, the Trustee or the Authenticating
      Agent shall authenticate and deliver any Debt Securities which previously shall
      have been signed and delivered by the officers of the Company, to the Trustee
      or
      the Authenticating Agent for authentication, and any Debt Securities which
      such
      successor entity thereafter shall cause to be signed and delivered to the
      Trustee or the Authenticating Agent for that purpose. All the Debt Securities
      so
      issued shall in all respects have the same legal rank and benefit under this
      Indenture as the Debt Securities theretofore or thereafter issued in accordance
      with the terms of this Indenture as though all of such Debt Securities had
      been
      issued at the date of the execution hereof.

     

    SECTION
      11.03. Opinion
      of Counsel to be Given to Trustee.

     

    The
      Trustee, subject to the provisions of Sections 6.01 and 6.02, shall receive,
      in
      addition to the Opinion of Counsel required by Section 9.05, an Opinion of
      Counsel as conclusive evidence that any consolidation, merger, sale, conveyance,
      transfer or other disposition, and any assumption, permitted or required by
      the
      terms of this Article XI complies with the provisions of this Article
      XI.

     

    ARTICLE
      XII

     

    SATISFACTION
      AND DISCHARGE OF INDENTURE

     

    SECTION
      12.01. Discharge
      of Indenture.

     

    When
      (a)
      the Company shall deliver to the Trustee for cancellation all Debt Securities
      theretofore authenticated (other than any Debt Securities which shall have
      been
      destroyed, lost or stolen and which shall have been replaced or paid as provided
      in Section 2.06) and not theretofore canceled, or (b) all the Debt Securities
      not theretofore canceled or delivered to the Trustee for cancellation shall
      have
      become due and payable, or are by their terms to become due and payable within
      one year or are to be called for redemption within one year under arrangements
      satisfactory to the Trustee for the giving of notice of redemption, and the
      Company shall deposit with the Trustee, in trust, funds, which shall be
      immediately due and payable, sufficient to pay at maturity or upon redemption
      all of the Debt Securities (other than any Debt Securities which shall have
      been
      destroyed, lost or stolen and which shall have been replaced or paid as provided
      in Section 2.06) not theretofore canceled or delivered to the Trustee for
      cancellation, including principal and premium, if any, and interest due or
      to
      become due to such date of maturity or redemption date, as the case may be,
      but
      excluding, however, the amount of any moneys for the payment of principal of,
      and premium, if any, or interest on the Debt Securities (1) theretofore repaid
      to the Company in accordance with the provisions of Section 12.04, or (2) paid
      to any state or to the District of Columbia pursuant to its unclaimed property
      or similar laws, and if in the case of either clause (a) or clause (b) the
      Company shall also pay or cause to be paid all other sums payable hereunder
      by
      the Company, then this Indenture shall cease to be of further effect except
      for
      the provisions of Sections 2.05, 2.06, 3.01, 3.02, 3.04, 6.06, 6.09 and 12.04
      hereof, which shall survive until such Debt Securities shall mature or are
      redeemed, as the case may be, and are paid in full. Thereafter, Sections 6.06,
      6.09 and 12.04 shall survive, and the Trustee, on demand of the Company
      accompanied by an Officers' 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, and at the cost and
      expense of the Company, shall execute proper instruments acknowledging
      satisfaction of and discharging this Indenture, the Company, however, hereby
      agreeing to reimburse the Trustee for any costs or expenses thereafter
      reasonably and properly incurred by the Trustee in connection with this
      Indenture or the Debt Securities.

     

    
      
        
        

      

      
        -55-

        
          

        

      

      
        
        

      

    

     

    SECTION
      12.02. Deposited
      Moneys to be Held in Trust by Trustee.

     

    Subject
      to the provisions of Section 12.04, all moneys deposited with the Trustee
      pursuant to Section 12.01 shall be held in trust and applied by it to the
      payment, either directly or through any Paying Agent (including the Company
      if
      acting as its own Paying Agent), to the holders of the particular Debt
      Securities for the payment of which such moneys have been deposited with the
      Trustee, of all sums due and to become due thereon for principal, and premium,
      if any, and interest.

     

    SECTION
      12.03. Paying
      Agent to Repay Moneys Held.

     

    Upon
      the
      satisfaction and discharge of this Indenture, all moneys then held by any Paying
      Agent of the Debt Securities (other than the Trustee) shall, upon demand of
      the
      Company, be repaid to the Company or paid to the Trustee, and thereupon such
      Paying Agent shall be released from all further liability with respect to such
      moneys.

     

    SECTION
      12.04. Return
      of Unclaimed Moneys.

     

    Any
      moneys deposited with or paid to the Trustee or any Paying Agent for payment
      of
      the principal of, and premium, if any, or interest on Debt Securities and not
      applied but remaining unclaimed by the Securityholders for two years after
      the
      date upon which the principal of, and premium, if any, or interest on such
      Debt
      Securities, as the case may be, shall have become due and payable, shall be
      repaid to the Company by the Trustee or such Paying Agent on written demand;
      and
      the holder of any of the Debt Securities shall thereafter look only to the
      Company for any payment which such Securityholder may be entitled to collect
      and
      all liability of the Trustee or such Paying Agent with respect to such moneys
      shall thereupon cease.

     

    
      
        
        

      

      
        -56-

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      XIII

     

    IMMUNITY
      OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS

     

    SECTION
      13.01. Indenture
      and Debt Securities Solely Corporate Obligations.

     

    No
      recourse for the payment of the principal of or premium, if any, or interest
      on
      any Debt Security, or for any claim based thereon or otherwise in respect
      thereof, and no recourse under or upon any obligation, covenant or agreement
      of
      the Company in this Indenture or in any supplemental indenture, or in any such
      Debt Security, or because of the creation of any indebtedness represented
      thereby, shall be had against any incorporator, stockholder, officer, director,
      employee or agent, as such, past, present or future, of the Company or of any
      predecessor or successor corporation of the Company, either directly or through
      the Company or any successor corporation of the Company, whether by virtue
      of
      any constitution, statute or rule of law, or by the enforcement of any
      assessment or penalty or otherwise; it being expressly understood that all
      such
      liability is hereby expressly waived and released as a condition of, and as
      a
      consideration for, the execution of this Indenture and the issue of the Debt
      Securities.

     

    ARTICLE
      XIV

     

    MISCELLANEOUS
      PROVISIONS

     

    SECTION
      14.01. Successors.

     

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

     

    SECTION
      14.02. Official
      Acts by Successor Entity.

     

    Any
      act
      or proceeding by any provision of this Indenture authorized or required to
      be
      done or performed by any board, committee or officer of the Company shall and
      may be done and performed with like force and effect by the like board,
      committee, officer or other authorized Person of any entity that shall at the
      time be the lawful successor of the Company.

     

    SECTION
      14.03. Surrender
      of Company Powers.

     

    The
      Company by instrument in writing executed by authority of 2/3 (two-thirds)
      of
      its Board of Directors and delivered to the Trustee may surrender any of the
      powers reserved to the Company and thereupon such power so surrendered shall
      terminate both as to the Company and as to any permitted successor.

     

    SECTION
      14.04. Addresses
      for Notices, etc.

     

    Any
      notice or demand which by any provision of this Indenture is required or
      permitted to be given or served by the Trustee or by the Securityholders on
      the
      Company may be given or served in writing, duly signed by the party giving
      such
      notice, and shall be delivered by facsimile (which shall be followed by notice
      delivered or mailed by first class mail) or mailed by first class mail to the
      Company at:

     

    
      
        
        

      

      
        -57-

        
          

        

      

      
        
        

      

    

     

    Jacksonville
      Bancorp, Inc.

    100
      North
      Laura Street, Suite 1000

    Jacksonville,
      Florida 32202

    Attention:
      Valerie A. Kendall

    

    Any
      notice, direction, request or demand by any Securityholder or the Company to
      or
      upon the Trustee shall be deemed to have been sufficiently given or made, for
      all purposes, if given or made in writing at the office of Wells Fargo Bank,
      National Association at:

     

    919
      North
      Market Street

    Suite
      1600

    Wilmington,
      DE 19801

    Attention:
      Corporate Trust Division – Jacksonville Bancorp, Inc. Statutory Trust
      III

     

    SECTION
      14.05. Governing
      Law.

     

    This
      Indenture and the Debt Securities shall each be governed by, and construed
      in
      accordance with, the laws of the State of New York, without regard to conflict
      of laws principles of said State other than Section 5-1401 of the New York
      General Obligations Law.

     

    SECTION
      14.06. Evidence
      of Compliance with Conditions Precedent.

     

    Upon
      any
      application or demand by the Company to the Trustee to take any action under
      any
      of the provisions of this Indenture, the Company shall furnish to the Trustee
      an
      Officers' Certificate stating that in the opinion of the signers all conditions
      precedent, if any, provided for in this Indenture relating to the proposed
      action have been complied with and an Opinion of Counsel stating that, in the
      opinion of such counsel, all such conditions precedent have been complied with
      (except that no such Opinion of Counsel is required to be furnished to the
      Trustee in connection with the authentication and issuance of Debt Securities
      issued on the date of this Indenture).

     

    Each
      certificate or opinion provided for in this Indenture and delivered to the
      Trustee with respect to compliance with a condition or covenant provided for
      in
      this Indenture (except certificates delivered pursuant to Section 3.05) shall
      include (a) a statement that the person making such certificate or opinion
      has
      read such covenant or condition and the definitions relating thereto; (b) 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; (c) a statement that, in the opinion of such person, he or she has
      made such examination or investigation as is necessary to enable him or her
      to
      express an informed opinion as to whether or not such covenant or condition
      has
      been complied with; and (d) a statement as to whether or not, in the opinion
      of
      such person, such condition or covenant has been complied with.

     

    SECTION
      14.07. Non-Business
      Days.

     

    Notwithstanding
      anything to the contrary contained herein, if any Interest Payment Date, other
      than on the Maturity Date, any Redemption Date or the Special Redemption Date,
      falls on a day that is not a Business Day, then any interest payable will be
      paid on, and such Interest Payment Date will be moved to, the next succeeding
      Business Day, and additional interest will accrue for each day that such payment
      is delayed as a result thereof. If the Maturity Date, Redemption Date or Special
      Redemption Date falls on a day that is not a Business Day, then the principal,
      premium, if any, and/or interest payable on such date will be paid on the next
      succeeding Business Day, and no additional interest will accrue (except that,
      if
      such Business Day falls in the next calendar year, such payment will be made
      on
      the immediately preceding Business Day).

     

    
      
        
        

      

      
        -58-

        
          

        

      

      
        
        

      

    

     

    SECTION
      14.08. Table
      of Contents, Headings, etc.

     

    The
      table
      of contents and the titles and headings of the articles and sections of this
      Indenture have been inserted for convenience of reference only, are not to
      be
      considered a part hereof, and shall in no way modify or restrict any of the
      terms or provisions hereof.

     

    SECTION
      14.09. Execution
      in Counterparts.

     

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

     

    SECTION
      14.10. Severability.

     

    In
      case
      any one or more of the provisions contained in this Indenture or in the Debt
      Securities shall for any reason be held to be invalid, illegal or unenforceable
      in any respect, such invalidity, illegality or unenforceability shall not affect
      any other provisions of this Indenture or of such Debt Securities, but this
      Indenture and such Debt Securities shall be construed as if such invalid or
      illegal or unenforceable provision had never been contained herein or
      therein.

     

    SECTION
      14.11. Assignment.

     

    Subject
      to Article XI, the Company will have the right at all times to assign any of
      its
      rights or obligations under this Indenture and the Debt Securities to a direct
      or indirect wholly owned Subsidiary of the Company; provided,
      however,
      that,
      in the event of any such assignment, the Company will remain liable for all
      such
      obligations. Subject to the foregoing, this Indenture is binding upon and inures
      to the benefit of the parties hereto and their respective successors and
      assigns. This Indenture may not otherwise be assigned by the parties
      thereto.

     

    SECTION
      14.12. Acknowledgment
      of Rights.

     

    The
      Company acknowledges that, with respect to any Debt Securities held by the
      Trust
      or the Institutional Trustee of the Trust, if the Institutional Trustee of
      the
      Trust fails to enforce its rights under this Indenture as the Securityholder
      held as the assets of the Trust after the holders of a majority in Liquidation
      Amount of the Capital Securities of the Trust have so directed in writing such
      Institutional Trustee, a holder of record of such Capital Securities may to
      the
      fullest extent permitted by law institute legal proceedings directly against
      the
      Company to enforce such Institutional Trustee's rights under this Indenture
      without first instituting any legal proceedings against such Institutional
      Trustee or any other Person. Notwithstanding the foregoing, if an Event of
      Default has occurred and is continuing and such event is attributable to the
      failure of the Company to pay interest (or premium, if any) or principal on
      the
      Debt Securities on the date such interest (or premium, if any) or principal
      is
      otherwise due and payable (or in the case of redemption, on the redemption
      date), the Company acknowledges that a holder of record of Capital Securities
      of
      the Trust may directly institute a proceeding against the Company for
      enforcement of payment to such holder directly of the principal of (or premium,
      if any) or interest on the Debt Securities having an aggregate principal amount
      equal to the aggregate Liquidation Amount of the Capital Securities of such
      holder on or after the respective due date specified in the Debt
      Securities.

     

    
      
        
        

      

      
        -59-

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      XV

     

    SUBORDINATION
      OF DEBT SECURITIES

     

    SECTION
      15.01. Agreement
      to Subordinate.

     

    The
      Company covenants and agrees, and each holder of Debt Securities issued
      hereunder and under any supplemental indenture (the "Additional Provisions")
      by
      such Securityholder's acceptance thereof likewise covenants and agrees, that
      all
      Debt Securities shall be issued subject to the provisions of this Article XV;
      and each Securityholder, whether upon original issue or upon transfer or
      assignment thereof, accepts and agrees to be bound by such
      provisions.

     

    The
      payment by the Company of the payments due on all Debt Securities issued
      hereunder and under any Additional Provisions shall, to the extent and in the
      manner hereinafter set forth, be subordinated and junior in right of payment
      to
      the prior payment in full of all Senior Indebtedness of the Company, whether
      outstanding at the date of this Indenture or thereafter incurred.

     

    No
      provision of this Article XV shall prevent the occurrence of any Default or
      Event of Default hereunder.

     

    SECTION
      15.02. Default
      on Senior Indebtedness.

     

    In
      the
      event and during the continuation of any default by the Company in the payment
      of principal, premium, interest or any other payment due on any Senior
      Indebtedness of the Company following any applicable grace period, or in the
      event that the maturity of any Senior Indebtedness of the Company has been
      accelerated because of a default, and such acceleration has not been rescinded
      or canceled and such Senior Indebtedness has not been paid in full, then, in
      either case, no payment shall be made by the Company with respect to the
      payments due on the Debt Securities.

     

    In
      the
      event that, notwithstanding the foregoing, any payment shall be received by
      the
      Trustee when such payment is prohibited by the preceding paragraph of this
      Section 15.02, such payment shall, subject to Section 15.06, be held in trust
      for the benefit of, and shall be paid over or delivered to, the holders of
      Senior Indebtedness or their respective representatives, or to the trustee
      or
      trustees under any indenture pursuant to which any of such Senior Indebtedness
      may have been issued, as their respective interests may appear, but only to
      the
      extent that the holders of the Senior Indebtedness (or their representative
      or
      representatives or a trustee) notify the Trustee in writing within 90 days
      of
      such payment of the amounts then due and owing on the Senior Indebtedness and
      only the amounts specified in such notice to the Trustee shall be paid to the
      holders of Senior Indebtedness.

     

    
      
        
        

      

      
        -60-

        
          

        

      

      
        
        

      

    

     

    SECTION
      15.03. Liquidation;
      Dissolution; Bankruptcy.

     

    Upon
      any
      payment by the Company or distribution of assets of the Company of any kind
      or
      character, whether in cash, property or securities, to creditors upon any
      dissolution or winding-up or liquidation or reorganization of the Company,
      whether voluntary or involuntary or in bankruptcy, insolvency, receivership
      or
      other proceedings, all amounts due upon all Senior Indebtedness of the Company
      shall first be paid in full, or payment thereof provided for in money in
      accordance with its terms, before any payment is made by the Company on the
      Debt
      Securities; and upon any such dissolution or winding-up or liquidation or
      reorganization, any payment by the Company, or distribution of assets of the
      Company of any kind or character, whether in cash, property or securities,
      to
      which the Securityholders or the Trustee would be entitled to receive from
      the
      Company, except for the provisions of this Article XV, shall be paid by the
      Company, or by any receiver, trustee in bankruptcy, liquidating trustee, agent
      or other Person making such payment or distribution, or by the Securityholders
      or by the Trustee under this Indenture if received by them or it, directly
      to
      the holders of Senior Indebtedness of the Company (pro rata to such holders
      on
      the basis of the respective amounts of Senior Indebtedness held by such holders,
      as calculated by the Company) or their representative or representatives, or
      to
      the trustee or trustees under any indenture pursuant to which any instruments
      evidencing such Senior Indebtedness may have been issued, as their respective
      interests may appear, to the extent necessary to pay such Senior Indebtedness
      in
      full, in money or money's worth, after giving effect to any concurrent payment
      or distribution to or for the holders of such Senior Indebtedness, before any
      payment or distribution is made to the Securityholders.

     

    In
      the
      event that, notwithstanding the foregoing, any payment or distribution of assets
      of the Company of any kind or character, whether in cash, property or
      securities, prohibited by the foregoing, shall be received by the Trustee before
      all Senior Indebtedness of the Company is paid in full, or provision is made
      for
      such payment in money in accordance with its terms, such payment or distribution
      shall be held in trust for the benefit of and shall be paid over or delivered
      to
      the holders of such Senior Indebtedness or their representative or
      representatives, or to the trustee or trustees under any indenture pursuant
      to
      which any instruments evidencing such Senior Indebtedness may have been issued,
      as their respective interests may appear, as calculated by the Company, for
      application to the payment of all Senior Indebtedness of the Company remaining
      unpaid to the extent necessary to pay such Senior Indebtedness in full in money
      in accordance with its terms, after giving effect to any concurrent payment
      or
      distribution to or for the benefit of the holders of such Senior
      Indebtedness.

     

    For
      purposes of this Article XV, the words "cash, property or securities" shall
      not
      be deemed to include shares of stock of the Company as reorganized or
      readjusted, or securities of the Company or any other corporation provided
      for
      by a plan of reorganization or readjustment, the payment of which is
      subordinated at least to the extent provided in this Article XV with respect
      to
      the Debt Securities to the payment of all Senior Indebtedness of the Company,
      that may at the time be outstanding, provided,
      that
      (a) such Senior Indebtedness is assumed by the new corporation, if any,
      resulting from any such reorganization or readjustment, and (b) the rights
      of
      the holders of such Senior Indebtedness are not, without the consent of such
      holders, altered by such reorganization or readjustment. The consolidation
      of
      the Company with, or the merger of the Company into, another corporation or
      the
      liquidation or dissolution of the Company following the conveyance, transfer
      or
      other disposition of its property as an entirety, or substantially as an
      entirety, to another corporation upon the terms and conditions provided for
      in
      Article XI of this Indenture shall not be deemed a dissolution, winding-up,
      liquidation or reorganization for the purposes of this Section 15.03 if such
      other corporation shall, as a part of such consolidation, merger, conveyance
      or
      transfer, comply with the conditions stated in Article XI of this Indenture.
      Nothing in Section 15.02 or in this Section 15.03 shall apply to claims of,
      or
      payments to, the Trustee under or pursuant to Section 6.06 of this
      Indenture.

     

    
      
        
        

      

      
        -61-

        
          

        

      

      
        
        

      

    

     

    SECTION
      15.04. Subrogation.

     

    Subject
      to the payment in full of all Senior Indebtedness of the Company, the
      Securityholders shall be subrogated to the rights of the holders of such Senior
      Indebtedness to receive payments or distributions of cash, property or
      securities of the Company applicable to such Senior Indebtedness until all
      payments due on the Debt Securities shall be paid in full; and, for the purposes
      of such subrogation, no payments or distributions to the holders of such Senior
      Indebtedness of any cash, property or securities to which the Securityholders
      or
      the Trustee would be entitled except for the provisions of this Article XV,
      and
      no payment over pursuant to the provisions of this Article XV to or for the
      benefit of the holders of such Senior Indebtedness by Securityholders or the
      Trustee, shall, as between the Company, its creditors other than holders of
      Senior Indebtedness of the Company, and the Securityholders be deemed to be
      a
      payment or distribution by the Company to or on account of such Senior
      Indebtedness. It is understood that the provisions of this Article XV are and
      are intended solely for the purposes of defining the relative rights of the
      Securityholders, on the one hand, and the holders of such Senior Indebtedness,
      on the other hand.

     

    Nothing
      contained in this Article XV or elsewhere in this Indenture, any Additional
      Provisions or in the Debt Securities is intended to or shall impair, as between
      the Company, its creditors other than the holders of Senior Indebtedness of
      the
      Company, and the Securityholders, the obligation of the Company, which is
      absolute and unconditional, to pay to the Securityholders all payments on the
      Debt Securities as and when the same shall become due and payable in accordance
      with their terms, or is intended to or shall affect the relative rights of
      the
      Securityholders and creditors of the Company, other than the holders of Senior
      Indebtedness of the Company, nor shall anything herein or therein prevent the
      Trustee or the holder of any Debt Security from exercising all remedies
      otherwise permitted by applicable law upon default under this Indenture, subject
      to the rights, if any, under this Article XV of the holders of such Senior
      Indebtedness in respect of cash, property or securities of the Company received
      upon the exercise of any such remedy.

     

    Upon
      any
      payment or distribution of assets of the Company referred to in this Article
      XV,
      the Trustee, subject to the provisions of Article VI of this Indenture, and
      the
      Securityholders shall be entitled to conclusively rely upon any order or decree
      made by any court of competent jurisdiction in which such dissolution,
      winding-up, liquidation or reorganization proceedings are pending, or a
      certificate of the receiver, trustee in bankruptcy, liquidation trustee, agent
      or other Person making such payment or distribution, delivered to the Trustee
      or
      to the Securityholders, for the purposes of ascertaining the Persons entitled
      to
      participate in such distribution, the holders of Senior Indebtedness and other
      indebtedness of the Company, the amount thereof or payable thereon, the amount
      or amounts paid or distributed thereon and all other facts pertinent thereto
      or
      to this Article XV.

     

    
      
        
        

      

      
        -62-

        
          

        

      

      
        
        

      

    

     

    SECTION
      15.05. Trustee
      to Effectuate Subordination.

     

    Each
      Securityholder by such Securityholder's acceptance thereof authorizes and
      directs the Trustee on such Securityholder's behalf to take such action as
      may
      be necessary or appropriate to effectuate the subordination provided in this
      Article XV and appoints the Trustee such Securityholder's attorney-in-fact
      for
      any and all such purposes.

     

    SECTION
      15.06. Notice
      by the Company.

     

    The
      Company shall give prompt written notice to a Responsible Officer of the Trustee
      at the Principal Office of the Trustee of any fact known to the Company that
      would prohibit the making of any payment of moneys to or by the Trustee in
      respect of the Debt Securities pursuant to the provisions of this Article XV.
      Notwithstanding the provisions of this Article XV
      or any
      other provision of this Indenture or any Additional Provisions, the Trustee
      shall not be charged with knowledge of the existence of any facts that would
      prohibit the making of any payment of moneys to or by the Trustee in respect
      of
      the Debt Securities pursuant to the provisions of this Article XV, unless and
      until a Responsible Officer of the Trustee at the Principal Office of the
      Trustee shall have received written notice thereof from the Company or a holder
      or holders of Senior Indebtedness or from any trustee therefor; and before
      the
      receipt of any such written notice, the Trustee, subject to the provisions
      of
      Article VI of this Indenture, shall be entitled in all respects to assume that
      no such facts exist; provided,
      however,
      that if
      the Trustee shall not have received the notice provided for in this Section
      15.06 at least two Business Days prior to the date upon which by the terms
      hereof any money may become payable for any purpose (including, without
      limitation, the payment of the principal of (or premium, if any) or interest
      on
      any Debt Security), then, anything herein contained to the contrary
      notwithstanding, the Trustee shall have full power and authority to receive
      such
      money and to apply the same to the purposes for which they were received, and
      shall not be affected by any notice to the contrary that may be received by
      it
      within two Business Days prior to such date.

     

    The
      Trustee, subject to the provisions of Article VI of this Indenture, shall be
      entitled to conclusively rely on the delivery to it of a written notice by
      a
      Person representing himself or herself to be a holder of Senior Indebtedness
      of
      the Company (or a trustee or representative on behalf of such holder) to
      establish that such notice has been given by a holder of such Senior
      Indebtedness or a trustee or representative on behalf of any such holder or
      holders. In the event that the Trustee determines in good faith that further
      evidence is required with respect to the right of any Person as a holder of
      such
      Senior Indebtedness to participate in any payment or distribution pursuant
      to
      this Article XV, the Trustee may request such Person to furnish evidence to
      the
      reasonable satisfaction of the Trustee as to the amount of such Senior
      Indebtedness held by such Person, the extent to which such Person is entitled
      to
      participate in such payment or distribution and any other facts pertinent to
      the
      rights of such Person under this Article XV, and, if such evidence is not
      furnished, the Trustee may defer any payment to such Person pending judicial
      determination as to the right of such Person to receive such
      payment.

     

    
      
        
        

      

      
        -63-

        
          

        

      

      
        
        

      

    

     

    SECTION
      15.07. Rights
      of the Trustee, Holders of Senior Indebtedness.

     

    The
      Trustee in its individual capacity shall be entitled to all the rights set
      forth
      in this Article XV in respect of any Senior Indebtedness at any time held by
      it,
      to the same extent as any other holder of Senior Indebtedness, and nothing
      in
      this Indenture or any Additional Provisions shall deprive the Trustee of any
      of
      its rights as such holder.

     

    With
      respect to the holders of Senior Indebtedness of the Company, the Trustee
      undertakes to perform or to observe only such of its covenants and obligations
      as are specifically set forth in this Article XV, and no implied covenants
      or
      obligations with respect to the holders of such Senior Indebtedness shall be
      read into this Indenture or any Additional Provisions against the Trustee.
      The
      Trustee shall not owe or be deemed to owe any fiduciary duty to the holders
      of
      such Senior Indebtedness and, subject to the provisions of Article VI of this
      Indenture, the Trustee shall not be liable to any holder of such Senior
      Indebtedness if it shall pay over or deliver to Securityholders, the Company
      or
      any other Person money or assets to which any holder of such Senior Indebtedness
      shall be entitled by virtue of this Article XV or otherwise.

     

    Nothing
      in this Article XV shall apply to claims of, or payments to, the Trustee under
      or pursuant to Section 6.06.

     

    SECTION
      15.08. Subordination
      May Not Be Impaired.

     

    No
      right
      of any present or future holder of any Senior Indebtedness of the Company to
      enforce subordination as herein provided shall at any time in any way be
      prejudiced or impaired by any act or failure to act on the part of the Company,
      or by any act or failure to act, in good faith, by any such holder, or by any
      noncompliance by the Company, with the terms, provisions and covenants of this
      Indenture, regardless of any knowledge thereof that any such holder may have
      or
      otherwise be charged with.

     

    Without
      in any way limiting the generality of the foregoing paragraph, the holders
      of
      Senior Indebtedness of the Company may, at any time and from time to time,
      without the consent of or notice to the Trustee or the Securityholders, without
      incurring responsibility to the Securityholders and without impairing or
      releasing the subordination provided in this Article XV or the obligations
      hereunder of the Securityholders to the holders of such Senior Indebtedness,
      do
      any one or more of the following: (a) change the manner, place or terms of
      payment or extend the time of payment of, or renew or alter, such Senior
      Indebtedness, or otherwise amend or supplement in any manner such Senior
      Indebtedness or any instrument evidencing the same or any agreement under which
      such Senior Indebtedness is outstanding; (b) sell, exchange, release or
      otherwise deal with any property pledged, mortgaged or otherwise securing such
      Senior Indebtedness; (c) release any Person liable in any manner for the
      collection of such Senior Indebtedness; and (d) exercise or refrain from
      exercising any rights against the Company, and any other Person.

     

    Wells
      Fargo Bank, National Association, in its capacity as Trustee, hereby accepts
      the
      trusts in this Indenture declared and provided, upon the terms and conditions
      herein above set forth.

     

    
      
        
        

      

      
        -64-

        
          

        

      

      
        
        

      

    

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

     

    
      	
              Jacksonville
                Bancorp, Inc.

            
	 	 
	
              By:

            	
              /s/
                Valerie A. Kendall

            

    

    
      	
              Name:

            	Valerie
              A.
              Kendall

    

    
      	
              Title:

            	Executive
              Vice President and Chief Financial
              Officer 

    

    
       

      
        	
                Wells
                  Fargo Bank, National Association, as
                  Trustee

              
	 	 
	
                By:

              	
                
                  /s/
                    Amy L. Martin

                

              

      

      
        	
                Name:

              	Amy
                L. Martin

      

      
        	
                Title:

              	Vice
                PresidentUnassociated Document

     

    AMENDED
      AND RESTATED DECLARATION

     

    OF
      TRUST

     

    JACKSONVILLE
      BANCORP, INC. STATUTORY TRUST III

     

    Dated
      as
      of June 20, 2008

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TABLE
      OF CONTENTS

    

    
      	 	
              Page

            
	 	 
	
              ARTICLE
                I

            	 
	
              INTERPRETATION
                AND DEFINITIONS

            	 
	 	 
	
              SECTION
                1.1.

            	
              Definitions

            	
              1

            
	 	 	 
	
              ARTICLE
                II

            	 
	
              ORGANIZATION

            	 
	 	 
	
              SECTION
                2.1.

            	
              Name

            	
              9

            
	 	 	 
	
              SECTION
                2.2.

            	
              Office

            	
              9

            
	 	 	 
	
              SECTION
                2.3.

            	
              Purpose

            	
              9

            
	 	 	 
	
              SECTION
                2.4.

            	
              Authority

            	
              9

            
	 	 	 
	
              SECTION
                2.5.

            	
              Title
                to Property of the Trust

            	
              10

            
	 	 	 
	
              SECTION
                2.6.

            	
              Powers
                and Duties of the Trustees and the Administrators

            	
              10

            
	 	 	 
	
              SECTION
                2.7.

            	
              Prohibition
                of Actions by the Trust and the Trustees

            	
              14

            
	 	 	 
	
              SECTION
                2.8.

            	
              Powers
                and Duties of the Institutional Trustee

            	
              15

            
	 	 	 
	
              SECTION
                2.9.

            	
              Certain
                Duties and Responsibilities of the Trustees and the
                Administrators

            	
              17

            
	 	 	 
	
              SECTION
                2.10.

            	
              Certain
                Rights of Institutional Trustee

            	
              19

            
	 	 	 
	
              SECTION
                2.11.

            	
              Delaware
                Trustee

            	
              21

            
	 	 	 
	
              SECTION
                2.12.

            	
              Execution
                of Documents

            	
              21

            
	 	 	 
	
              SECTION
                2.13.

            	
              Not
                Responsible for Recitals or Issuance of Securities

            	
              21

            
	 	 	 
	
              SECTION
                2.14.

            	
              Duration
                of Trust

            	
              22

            
	 	 	 
	
              SECTION
                2.15.

            	
              Mergers

            	
              22

            
	 	 	 
	
              ARTICLE
                III

            	 
	
              SPONSOR

            	 
	 	 
	
              SECTION
                3.1.

            	
              Sponsor's
                Purchase of Common Securities

            	
              24

            
	 	 	 
	
              SECTION
                3.2.

            	
              Responsibilities
                of the Sponsor

            	
              24

            
	 	 	 
	
              ARTICLE
                IV

            	 
	
              TRUSTEES
                AND ADMINISTRATORS

            	 
	 	 
	
              SECTION
                4.1.

            	
              Number
                of Trustees

            	
              24

            

    

     

    
      
        
        

      

      
        -i-

        
          

        

      

      
        
        

      

    

     

    
      TABLE
        OF CONTENTS

      (continued)

    

     

    
      	 	 	
              Page

            
	 	 	 
	
              SECTION
                4.2.

            	
              Delaware
                Trustee

            	
              24

            
	 	 	 
	
              SECTION
                4.3.

            	
              Institutional
                Trustee; Eligibility

            	
              25

            
	 	 	 
	
              SECTION
                4.4.

            	
              Certain
                Qualifications of the Delaware Trustee Generally

            	
              25

            
	 	 	 
	
              SECTION
                4.5.

            	
              Administrators

            	
              25

            
	 	 	 
	
              SECTION
                4.6.

            	
              Initial
                Delaware Trustee

            	
              26

            
	 	 	 
	
              SECTION
                4.7.

            	
              Appointment,
                Removal and Resignation of the Trustees and the
                Administrators

            	
              26

            
	 	 	 
	
              SECTION
                4.8.

            	
              Vacancies
                Among Trustees

            	
              28

            
	 	 	 
	
              SECTION
                4.9.

            	
              Effect
                of Vacancies

            	
              28

            
	 	 	 
	
              SECTION
                4.10.

            	
              Meetings
                of the Trustees and the Administrators

            	
              28

            
	 	 	 
	
              SECTION
                4.11.

            	
              Delegation
                of Power

            	
              29

            
	 	 	 
	
              SECTION
                4.12.

            	
              Merger,
                Conversion, Consolidation or Succession to Business

            	
              29

            
	 	 	 
	
              ARTICLE
                V

            	 
	
              DISTRIBUTIONS

            	 
	 	 
	
              SECTION
                5.1.

            	
              Distributions

            	
              29

            
	 	 	 
	
              ARTICLE
                VI

            	 
	
              ISSUANCE
                OF SECURITIES

            	 
	 	 
	
              SECTION
                6.1.

            	
              General
                Provisions Regarding Securities

            	
              30

            
	 	 	 
	
              SECTION
                6.2.

            	
              Paying
                Agent, Transfer Agent, Calculation Agent and Registrar

            	
              31

            
	 	 	 
	
              SECTION
                6.3.

            	
              Form
                and Dating

            	
              32

            
	 	 	 
	
              SECTION
                6.4.

            	
              Book-Entry
                Capital Securities

            	
              32

            
	 	 	 
	
              SECTION
                6.5.

            	
              Mutilated,
                Destroyed, Lost or Stolen Certificates

            	
              34

            
	 	 	 
	
              SECTION
                6.6.

            	
              Temporary
                Securities

            	
              34

            
	 	 	 
	
              SECTION
                6.7.

            	
              Cancellation

            	
              34

            
	 	 	 
	
              SECTION
                6.8.

            	
              Rights
                of Holders; Waivers of Past Defaults

            	
              35

            

    

     

    
      
        
        

      

      
        -ii-

        
          

        

      

      
        
        

      

    

    
       

      TABLE
        OF CONTENTS

      (continued)

    

     

    
      	 	 	
              Page

            
	 	 	 
	
              ARTICLE
                VII

            	 
	
              DISSOLUTION
                AND TERMINATION OF TRUST

            	 
	 	 
	
              SECTION
                7.1.

            	
              Dissolution
                and Termination of Trust

            	
              36

            
	 	 	 
	
              ARTICLE
                VIII

            	 
	
              TRANSFER
                OF INTERESTS

            	 
	 	 
	
              SECTION
                8.1.

            	
              General

            	
              37

            
	 	 	 
	
              SECTION
                8.2.

            	
              Transfer
                Procedures and Restrictions

            	
              38

            
	 	 	 
	
              SECTION
                8.3.

            	
              Deemed
                Security Holders

            	
              42

            
	 	 	 
	
              ARTICLE
                IX

            	 
	
              LIMITATION
                OF LIABILITY OF HOLDERS OF SECURITIES, TRUSTEES OR OTHERS

            	 
	 	 
	
              SECTION
                9.1.

            	
              Liability

            	
              42

            
	 	 	 
	
              SECTION
                9.2.

            	
              Exculpation

            	
              43

            
	 	 	 
	
              SECTION
                9.3.

            	
              Fiduciary
                Duty

            	
              43

            
	 	 	 
	
              SECTION
                9.4.

            	
              Indemnification

            	
              44

            
	 	 	 
	
              SECTION
                9.5.

            	
              Outside
                Businesses

            	
              47

            
	 	 	 
	
              SECTION
                9.6.

            	
              Compensation;
                Fee

            	
              47

            
	 	 	 
	
              ARTICLE
                X

            	 
	
              ACCOUNTING

            	 
	 	 
	
              SECTION
                10.1.

            	
              Fiscal
                Year

            	
              48

            
	 	 	 
	
              SECTION
                10.2.

            	
              Certain
                Accounting Matters

            	
              48

            
	 	 	 
	
              SECTION
                10.3.

            	
              Banking

            	
              49

            
	 	 	 
	
              SECTION
                10.4.

            	
              Withholding

            	
              49

            
	 	 	 
	
              ARTICLE
                XI

            	 
	
              AMENDMENTS
                AND MEETINGS

            	 
	 	 
	
              SECTION
                11.1.

            	
              Amendments

            	
              49

            
	 	 	 
	
              SECTION
                11.2.

            	
              Meetings
                of the Holders of the Securities; Action by Written
                Consent

            	
              52

            
	 	 	 
	
              ARTICLE
                XII

            	 
	
              REPRESENTATIONS
                OF INSTITUTIONAL TRUSTEE AND DELAWARE TRUSTEE

            	 
	 	 
	
              SECTION
                12.1.

            	
              Representations
                and Warranties of Institutional Trustee

            	
              53

            

    

     

    
      
        
        

      

      
        -iii-

        
          

        

      

      
        
        

      

    

    
       

      TABLE
        OF CONTENTS

      (continued)

    

     

    
      	 	 	
              Page

            
	 	 	 
	
              SECTION
                12.2.

            	
              Representations
                and Warranties of Delaware Trustee

            	
              54

            
	 	 	 
	
              ARTICLE
                XIII

            	 
	
              MISCELLANEOUS

            	 
	 	 
	
              SECTION
                13.1.

            	
              Notices

            	
              54

            
	 	 	 
	
              SECTION
                13.2.

            	
              Governing
                Law

            	
              56

            
	 	 	 
	
              SECTION
                13.3.

            	
              Submission
                to Jurisdiction

            	
              56

            
	 	 	 
	
              SECTION
                13.4.

            	
              Intention
                of the Parties

            	
              56

            
	 	 	 
	
              SECTION
                13.5.

            	
              Headings

            	
              56

            
	 	 	 
	
              SECTION
                13.6.

            	
              Successors
                and Assigns

            	
              56

            
	 	 	 
	
              SECTION
                13.7.

            	
              Partial
                Enforceability

            	
              57

            
	 	 	 
	
              SECTION
                13.8.

            	
              Counterparts

            	
              57

            

    

     

    
      
        
        

      

      
        -iv-

        
          

        

      

      
        
        

      

    

    
       

      TABLE
        OF CONTENTS

      (continued)

    

     

    
      	
              ANNEXES
                AND EXHIBITS

            	 
	 	 
	
              ANNEX
                I

            	
              Terms
                of TP Securities and Common Securities

            	A-I-1
	 	 	 
	
              EXHIBIT
                A-1

            	
              Form
                of Capital Security Certificate

            	 
	
              EXHIBIT
                A-2

            	
              Form
                of Common Security Certificate

            	 

    

    

    
      
        
        

      

      
        -v-

        
          

        

      

      
        
        

      

    

    AMENDED
      AND RESTATED DECLARATION OF TRUST

     

    OF

     

    JACKSONVILLE
      BANCORP, INC. STATUTORY TRUST III

     

    June
      20,
      2008

     

    AMENDED
      AND RESTATED DECLARATION OF TRUST (this "Declaration"), dated and effective
      as
      of June 20, 2008, by the Trustees (as defined herein), the Administrators (as
      defined herein), the Sponsor (as defined herein) and the holders from time
      to
      time of undivided beneficial interests in the assets of the Trust (as defined
      herein) to be issued pursuant to this Declaration.

     

    WHEREAS,
      the Delaware Trustee and the Sponsor established Jacksonville Bancorp, Inc.
      Statutory Trust III (the "Trust"), a statutory trust under the Statutory Trust
      Act (as defined herein), pursuant to a Declaration of Trust, dated as of June
      18, 2008 (the "Original Declaration"), and a Certificate of Trust filed with
      the
      Secretary of State of the State of Delaware on June 18, 2008, for the sole
      purpose of issuing and selling certain securities representing undivided
      beneficial interests in the assets of the Trust and investing the proceeds
      thereof in the Debentures (as defined herein) of the Debenture Issuer (as
      defined herein) in connection with the issuance of the Capital Securities (as
      defined herein);

     

    WHEREAS,
      as of the date hereof, no interests in the assets of the Trust have been issued;
      and

     

    WHEREAS,
      all of the Trustees, the Administrators and the Sponsor, by this Declaration,
      amend and restate each and every term and provision of the Original
      Declaration.

     

    NOW,
      THEREFORE, it being the intention of the parties hereto to continue the Trust
      as
      a statutory trust under the Statutory Trust Act and that this Declaration
      constitutes the governing instrument of such statutory trust, and that all
      assets contributed to the Trust will be held in trust for the benefit of the
      holders, from time to time, of the securities representing undivided beneficial
      interests in the assets of the Trust issued hereunder, subject to the provisions
      of this Declaration, and, in consideration of the mutual covenants contained
      herein and other good and valuable consideration, the receipt of which is hereby
      acknowledged, the parties, intending to be legally bound hereby, amend and
      restate in its entirety the Original Declaration and agree as
      follows:

     

    ARTICLE
      I

    INTERPRETATION
      AND DEFINITIONS

     

    SECTION
      1.1. Definitions.
      Unless
      the context otherwise requires:

     

    (a) capitalized
      terms used in this Declaration but not defined in the preamble above or
      elsewhere herein have the respective meanings assigned to them in this Section
      1.1 or, if not defined in this Section 1.1 or elsewhere herein, in the
      Indenture;

     

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

     

    (b) a
      term
      defined anywhere in this Declaration has the same meaning
      throughout;

     

    (c) all
      references to "the Declaration" or "this Declaration" are to this Declaration
      as
      modified, supplemented or amended from time to time;

     

    (d) all
      references in this Declaration to Articles and Sections and Annexes and Exhibits
      are to Articles and Sections of and Annexes and Exhibits to this Declaration
      unless otherwise specified;

     

    (e) a
      term
      defined in the Trust Indenture Act (as defined herein) has the same meaning
      when
      used in this Declaration unless otherwise defined in this Declaration or unless
      the context otherwise requires; and

     

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

     

    "Additional
      Interest" has the meaning set forth in Section 3.06 of the
      Indenture.

     

    "Administrative
      Action" has the meaning set forth in paragraph 4(a) of Annex I.

     

    "Administrators"
      means each of Gilbert J. Pomar, III and Valerie A. Kendall, solely in such
      Person's capacity as Administrator of the Trust continued hereunder and not
      in
      such Person's individual capacity, or such Administrator's successor in interest
      in such capacity, or any successor appointed as herein provided.

     

    "Affiliate"
      has the same meaning as given to that term in Rule 405 of the Securities Act
      or
      any successor rule thereunder.

     

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

     

    "Authorized
      Officer" of a Person means any Person that is authorized to bind such
      Person.

     

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

     

    (a) (a) a
      court
      having jurisdiction in the premises enters a decree or order for relief in
      respect of such Person in an involuntary case under any applicable bankruptcy,
      insolvency or other similar law now or hereafter in effect, or appoints a
      receiver, liquidator, assignee, custodian, trustee, sequestrator or similar
      official of such Person or for any substantial part of its property, or orders
      the winding-up or liquidation of its affairs, and such decree, appointment
      or
      order remains unstayed and in effect for a period of 90 consecutive days;
      or

     

    (b) (b) such
      Person commences a voluntary case under any applicable bankruptcy, insolvency
      or
      other similar law now or hereafter in effect, consents to the entry of an order
      for relief in an involuntary case under any such law, or consents to the
      appointment of or taking possession by a receiver, liquidator, assignee,
      trustee, custodian, sequestrator or other similar official of such Person of
      any
      substantial part of its property, or makes any general assignment for the
      benefit of creditors, or fails generally to pay its debts as they become
      due.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

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

     

    "Business
      Day" means any day other than Saturday, Sunday or any other day on which banking
      institutions in Wilmington, Delaware or New York City or the city of the
      Corporate Trust Office are permitted or required by any applicable law or
      executive order to close.

     

    "Calculation
      Agent" has the meaning set forth in Section 1.01 of the Indenture.

     

    "Capital
      Securities" has the meaning set forth in Section 6.1(a).

     

    "Capital
      Security Certificate" means a definitive Certificate registered in the name
      of
      the Holder representing a Capital Security substantially in the form of Exhibit
      A 1.

     

    "Capital
      Treatment Event" has the meaning set forth in paragraph 4(a) of Annex
      I.

     

    "Certificate"
      means any certificate evidencing Securities.

     

    "Certificate
      of Trust" means the certificate of trust filed with the Secretary of State
      of
      the State of Delaware with respect to the Trust, as amended and restated from
      time to time.

     

    "Closing
      Date" means the date of execution and delivery of this Declaration.

     

    "Code"
      means the Internal Revenue Code of 1986, as amended from time to time, or any
      successor legislation.

     

    "Commission"
      means the United States Securities and Exchange Commission.

     

    "Common
      Securities" has the meaning set forth in Section 6.1(a).

     

    "Common
      Security Certificate" means a definitive Certificate registered in the name
      of
      the Holder representing a Common Security substantially in the form of Exhibit
      A-2.

     

    "Company
      Indemnified Person" means (a) any Administrator; (b) any Affiliate of any
      Administrator; (c) any officers, directors, shareholders, members, partners,
      employees, representatives or agents of any Administrator; or (d) any officer,
      employee or agent of the Trust or its Affiliates.

     

    "Corporate
      Trust Office" means the office of the Institutional Trustee at which the
      corporate trust business of the Institutional Trustee shall, at any particular
      time, be principally administered, which office shall at all times be located
      in
      the United States and at the date of execution of this Declaration is located
      at
      Wells Fargo Bank, National Association, 919 North Market Street, Suite 1600,
      Wilmington, Delaware, 19801, Attention: Corporate Trust Division.

     

    "Coupon
      Rate" has the meaning set forth in paragraph 2(a) of Annex I.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    "Covered
      Person" means: (a) any Administrator, officer, director, shareholder, partner,
      member, representative, employee or agent of (i) the Trust or (ii) the Trust's
      Affiliates; and (b) any Holder of Securities.

     

    "Debenture
      Issuer" means Jacksonville Bancorp, Inc., a bank holding company incorporated
      in
      Florida, in its capacity as issuer of the Debentures under the
      Indenture.

     

    "Debenture
      Trustee" means Wells Fargo Bank, National Association, not in its individual
      capacity but solely as trustee under the Indenture until a successor is
      appointed thereunder, and thereafter means such successor trustee.

     

    "Debentures"
      means the Junior Subordinated Debt Securities due September 15, 2038 to be
      issued by the Debenture Issuer under the Indenture.

     

    "Deferred
      Interest" means any interest on the Debentures that would have been overdue
      and
      unpaid for more than one Distribution Payment Date but for the imposition of
      an
      Extension Period, and the interest that shall accrue (to the extent that the
      payment of such interest is legally enforceable) on such interest at the Coupon
      Rate applicable during such Extension Period, compounded quarterly from the
      date
      on which such Deferred Interest would otherwise have been due and payable until
      paid or made available for payment.

     

    "Definitive
      Capital Securities" means any Capital Securities in definitive form issued
      by
      the Trust.

     

    "Delaware
      Trustee" has the meaning set forth in Section 4.2.

     

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

     

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

     

    "Direct
      Action" has the meaning set forth in Section 2.8(e).

     

    "Distribution"
      means a distribution payable to Holders of Securities in accordance with Section
      5.1.

     

    "Distribution
      Payment Date" has the meaning set forth in paragraph 2(e) of Annex
      I.

     

    "Distribution
      Payment Period" means the period from and including a Distribution Payment
      Date,
      or in the case of the first Distribution Payment Period, the original date
      of
      issuance of the Securities, to, but excluding, the next succeeding Distribution
      Payment Date or, in the case of the last Distribution Payment Period, the
      Redemption Date, Special Redemption Date or Maturity Date (each as defined
      in
      the Indenture), as the case may be, for the related Debentures.

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

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

     

    "Event
      of
      Default" means the occurrence of an Indenture Event of Default.

     

    "Exchange
      Act" means the Securities Exchange Act of 1934, as amended from time to time,
      or
      any successor legislation.

     

    "Extension
      Period" has the meaning set forth in paragraph 2(e) of Annex I.

     

    "Fiduciary
      Indemnified Person" shall mean each of the Institutional Trustee (including
      in
      its individual capacity), the Delaware Trustee (including in its individual
      capacity), any Affiliate of the Institutional Trustee or the Delaware Trustee,
      and any officers, directors, shareholders, members, partners, employees,
      representatives, custodians, nominees or agents of the Institutional Trustee
      or
      the Delaware Trustee.

     

    "Fiscal
      Year" has the meaning set forth in Section 10.1.

     

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

     

    "Guarantee"
      means the Guarantee Agreement, dated as of the Closing Date, of the Sponsor
      (the
      "Guarantor") in respect of the Capital Securities.

     

    "Holder"
      means a Person in whose name a Certificate representing a Security is registered
      on the register maintained by or on behalf of the Registrar, such Person being
      a
      beneficial owner within the meaning of the Statutory Trust Act.

     

    "Indemnified
      Person" means a Company Indemnified Person or a Fiduciary Indemnified
      Person.

     

    "Indenture"
      means the Indenture, dated as of the Closing Date, between the Debenture Issuer
      and the Debenture Trustee, and any indenture supplemental thereto pursuant
      to
      which the Debentures are to be issued.

     

    "Indenture
      Event of Default" means an "Event of Default" as defined in the
      Indenture.

     

    "Initial
      Purchaser" means the initial purchaser(s) of the Capital
      Securities.

     

    "Institutional
      Trustee" means the Trustee meeting the eligibility requirements set forth in
      Section 4.3.

     

    "Investment
      Company" means an investment company as defined in the Investment Company
      Act.

     

    "Investment
      Company Act" means the Investment Company Act of 1940, as amended from time
      to
      time, or any successor legislation.

     

    "Investment
      Company Event" has the meaning set forth in paragraph 4(a) of Annex
      I.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    "Legal
      Action" has the meaning set forth in Section 2.8(e).

     

    "LIBOR"
      means the London Interbank Offered Rate for U.S. Dollar deposits in Europe
      as
      determined by the Calculation Agent according to paragraph 2(b) of Annex
      I.

     

    "LIBOR
      Banking Day" has the meaning set forth in paragraph 2(b)(1) of Annex
      I.

     

    "LIBOR
      Business Day" has the meaning set forth in paragraph 2(b)(1) of Annex
      I.

     

    "LIBOR
      Determination Date" has the meaning set forth in paragraph 2(b)(1) of Annex
      I.

     

    "Liquidation"
      has the meaning set forth in paragraph 3 of Annex I.

     

    "Liquidation
      Distribution" has the meaning set forth in paragraph 3 of Annex I.

     

    "Majority
      in liquidation amount of the Securities" means Holders of outstanding Securities
      voting together as a single class or, as the context may require, Holders of
      outstanding Capital Securities or Holders of outstanding Common Securities
      voting separately as a class, who are the record owners of more than 50% of
      the
      aggregate liquidation amount (including the stated amount that would be paid
      on
      redemption, liquidation or otherwise, plus accrued and unpaid Distributions
      to
      the date upon which the voting percentages are determined) of all outstanding
      Securities of the relevant class.

     

    "Notice"
      has the meaning set forth in Section 2.11 of the Indenture.

     

    "Officers'
      Certificate" means, with respect to any Person, a certificate signed by two
      Authorized Officers of such Person. Any Officers' Certificate delivered with
      respect to compliance with a condition or covenant provided for in this
      Declaration shall include:

     

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

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    "Paying
      Agent" has the meaning set forth in Section 6.2.

     

    "Payment
      Amount" has the meaning set forth in Section 5.1.

     

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

     

    "Placement
      Agreement" means the Placement Agreement relating to the offering and sale
      of
      Capital Securities.

     

    "PORTAL"
      has the meaning set forth in Section 2.6(a)(i)(E).

     

    "Property
      Account" has the meaning set forth in Section 2.8(c).

     

    "Pro
      Rata" has the meaning set forth in paragraph 8 of Annex I.

     

    "QIB"
      means a "qualified institutional buyer" as defined under Rule 144A.

     

    "Quorum"
      means a majority of the Administrators or, if there are only two Administrators,
      both of them.

     

    "Redemption
      Date" has the meaning set forth in paragraph 4(a) of Annex I.

     

    "Redemption/Distribution
      Notice" has the meaning set forth in paragraph 4(e) of Annex I.

     

    "Redemption
      Price" has the meaning set forth in paragraph 4(a) of Annex I. 

     

    "Registrar"
      has the meaning set forth in Section 6.2.

     

    "Relevant
      Trustee" has the meaning set forth in Section 4.7(a).

     

    "Responsible
      Officer" means, with respect to the Institutional Trustee, any officer within
      the Corporate Trust Office of the Institutional Trustee with direct
      responsibility for the administration of this Declaration, including any
      vice-president, any assistant vice-president, any secretary, any assistant
      secretary, the treasurer, any assistant treasurer, any trust officer or other
      officer of the Corporate Trust Office of the Institutional Trustee customarily
      performing functions similar to those performed by any of the above designated
      officers and also means, with respect to a particular corporate trust matter,
      any other officer to whom such matter is referred because of that officer's
      knowledge of and familiarity with the particular subject.

     

    "Restricted
      Securities Legend" has the meaning set forth in Section 8.2(c). 

     

    "Rule
      144A" means Rule 144A under the Securities Act.

     

    "Rule
      3a-5" means Rule 3a-5 under the Investment Company Act. 

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

     

    "Rule
      3a-7" means Rule 3a-7 under the Investment Company Act. 

     

    "Securities"
      means the Common Securities and the Capital Securities, as
      applicable.

     

    "Securities
      Act" means the Securities Act of 1933, as amended from time to time, or any
      successor legislation.

     

    "Special
      Event" has the meaning set forth in paragraph 4(a) of Annex I.

     

    "Special
      Redemption Price" has the meaning set forth in paragraph 4(a) of Annex
      I.

     

    "Sponsor"
      means Jacksonville Bancorp, Inc., a bank holding company that is a U.S. Person
      incorporated in Florida, or any successor entity in a merger, consolidation
      or
      amalgamation that is a U.S. Person, in its capacity as sponsor of the
      Trust.

     

    "Statutory
      Trust Act" means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code
§
3801 et seq., as it may be amended from time to time, or any successor
      legislation.

     

    "Successor
      Delaware Trustee" has the meaning set forth in Section 4.7(e).

     

    "Successor
      Entity" has the meaning set forth in Section 2.15(b).

     

    "Successor
      Institutional Trustee" has the meaning set forth in Section 4.7(b).

     

    "Successor
      Securities" has the meaning set forth in Section 2.15(b).

     

    "Super
      Majority" has the meaning set forth in paragraph 5(b) of Annex I.

     

    "Tax
      Event" has the meaning set forth in paragraph 4(a) of Annex I.

     

    "10%
      in
      liquidation amount of the Securities" means Holders of outstanding Securities
      voting together as a single class or, as the context may require, Holders of
      outstanding Capital Securities or Holders of outstanding Common Securities
      voting separately as a class, who are the record owners of 10% or more of the
      aggregate liquidation amount (including the stated amount that would be paid
      on
      redemption, liquidation or otherwise, plus accrued and unpaid Distributions
      to
      the date upon which the voting percentages are determined) of all outstanding
      Securities of the relevant class.

     

    "Transfer
      Agent" has the meaning set forth in Section 6.2.

     

    “Transfer
      Notice” has the meaning set forth in Section 8.2(e).

     

    "Trust
      Indenture Act" means the Trust Indenture Act of 1939, as amended from
      time-to-time, or any successor legislation.

     

    "Trustee"
      or "Trustees" means each Person who has signed this Declaration as a trustee,
      so
      long as such Person shall continue in office in accordance with the terms
      hereof, and all other Persons who may from time to time be duly appointed,
      qualified and serving as Trustees in accordance with the provisions hereof,
      and
      references herein to a Trustee or the Trustees shall refer to such Person or
      Persons solely in their capacity as trustees hereunder.

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

     

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

     

    "U.S.
      Person" means a United States Person as defined in Section 7701(a)(30) of the
      Code.

     

    ARTICLE
      II

    ORGANIZATION

     

    SECTION
      2.1. Name.
      The
      Trust is continued hereby and shall continue to be known as "Jacksonville
      Bancorp, Inc. Statutory Trust III," as such name may be modified from time
      to
      time by the Administrators following written notice to the Institutional Trustee
      and the Holders of the Securities. The Trust's activities may be conducted
      under
      the name of the Trust or any other name deemed advisable by the
      Administrators.

     

    SECTION
      2.2. Office.
      The
      address of the principal office of the Trust, which shall be in a state of
      the
      United States or the District of Columbia, is 100 North Laura Street, Suite
      1000, Jacksonville, Florida 32202. On ten Business Days' written notice to
      the
      Institutional Trustee and the Holders of the Securities, the Administrators
      may
      designate another principal office, which shall be in a state of the United
      States or the District of Columbia.

     

    SECTION
      2.3. Purpose.
      The
      exclusive purposes and functions of the Trust are (a) to issue and sell the
      Securities representing undivided beneficial interests in the assets of the
      Trust, (b) to invest the gross proceeds from such sale to acquire the
      Debentures, (c) to facilitate direct investment in the assets of the Trust
      through issuance of the Common Securities and the Capital Securities and (d)
      except as otherwise limited herein, to engage in only those other activities
      incidental thereto that are deemed necessary or advisable by the Institutional
      Trustee, including, without limitation, those activities specified in this
      Declaration. The Trust shall not borrow money, issue debt or reinvest proceeds
      derived from investments, pledge any of its assets, or otherwise undertake
      (or
      permit to be undertaken) any activity that would cause the Trust not to be
      classified for United States federal income tax purposes as a grantor
      trust.

     

    SECTION
      2.4. Authority.
      Except
      as specifically provided in this Declaration, the Institutional Trustee shall
      have exclusive and complete authority to carry out the purposes of the Trust.
      An
      action taken by a Trustee on behalf of the Trust and in accordance with such
      Trustee's powers shall constitute the act of and serve to bind the Trust. In
      dealing with the Trustees acting on behalf of the Trust, no Person shall be
      required to inquire into the authority of the Trustees to bind the Trust.
      Persons dealing with the Trust are entitled to rely conclusively on the power
      and authority of the Trustees as set forth in this Declaration. The
      Administrators shall have only those ministerial duties set forth herein with
      respect to accomplishing the purposes of the Trust and are not intended to
      be
      trustees or fiduciaries with respect to the Trust or the Holders. The
      Institutional Trustee shall have the right, but shall not be obligated except
      as
      provided in Section 2.6, to perform those duties assigned to the
      Administrators.

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

     

    SECTION
      2.5. Title
      to Property of the Trust.
      Except
      as provided in Section 2.6(g) and Section 2.8 with respect to the Debentures
      and
      the Property Account or as otherwise provided in this Declaration, legal title
      to all assets of the Trust shall be vested in the Trust. The Holders shall
      not
      have legal title to any part of the assets of the Trust, but shall have an
      undivided beneficial interest in the assets of the Trust.

     

    SECTION
      2.6. Powers
      and Duties of the Trustees and the Administrators.
      

     

    (a) The
      Trustees and the Administrators shall conduct the affairs of the Trust in
      accordance with the terms of this Declaration. Subject to the limitations set
      forth in paragraph (b) of this Section, and in accordance with the following
      provisions (i) and (ii), the Administrators and, at the direction of the
      Administrators, the Trustees, shall have the authority to enter into all
      transactions and agreements determined by the Administrators to be appropriate
      in exercising the authority, express or implied, otherwise granted to the
      Trustees or the Administrators, as the case may be, under this Declaration,
      and
      to perform all acts in furtherance thereof, including without limitation, the
      following:

     

    (i) Each
      Administrator shall have the power, duty and authority, and is hereby
      authorized, to act on behalf of the Trust with respect to the following
      matters:

     

    (A) the
      issuance and sale of the Securities;

     

    (B) to
      acquire the Debentures with the proceeds of the sale of the Securities;
      provided, however, that the Administrators shall cause legal title to the
      Debentures to be held of record in the name of the Institutional Trustee for
      the
      benefit of the Holders;

     

    (C) to
      cause
      the Trust to enter into, and to execute, deliver and perform on behalf of the
      Trust, such agreements as may be necessary or desirable in connection with
      the
      purposes and function of the Trust, including agreements with the Paying Agent,
      a Debenture subscription agreement between the Trust and the Sponsor and a
      Common Securities subscription agreement between the Trust and the
      Sponsor;

     

    (D) ensuring
      compliance with the Securities Act and applicable state securities or blue
      sky
      laws;

     

    (E) if
      and at
      such time determined solely by the Sponsor at the request of the Holders,
      assisting in the designation of the Capital Securities for trading in the
      Private Offering, Resales and Trading through the Automatic Linkages ("PORTAL")
      system if available;

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

     

    (F) the
      sending of notices (other than notices of default) and other information
      regarding the Securities and the Debentures to the Holders in accordance with
      this Declaration, including notice of any notice received from the Debenture
      Issuer of its election to defer payments of interest on the Debentures by
      extending the interest payment period under the Indenture;

     

    (G) the
      appointment of a Paying Agent, Transfer Agent and Registrar in accordance with
      this Declaration;

     

    (H) execution
      and delivery of the Securities in accordance with this Declaration;

     

    (I) execution
      and delivery of closing certificates pursuant to the Placement Agreement and
      the
      application for a taxpayer identification number;

     

    (J) unless
      otherwise determined by the Holders of a Majority in liquidation amount of
      the
      Securities or as otherwise required by the Statutory Trust Act, to execute
      on
      behalf of the Trust (either acting alone or together with any or all of the
      Administrators) any documents that the Administrators have the power to execute
      pursuant to this Declaration;

     

    (K) the
      taking of any action incidental to the foregoing as the Sponsor or an
      Administrator may from time to time determine is necessary or advisable to
      give
      effect to the terms of this Declaration for the benefit of the Holders (without
      consideration of the effect of any such action on any particular
      Holder);

     

    (L) to
      establish a record date with respect to all actions to be taken hereunder that
      require a record date be established, including Distributions, voting rights,
      redemptions and exchanges, and to issue relevant notices to the Holders of
      Capital Securities and Holders of Common Securities as to such actions and
      applicable record dates;

     

    (M) to
      duly
      prepare and file on behalf of the Trust all applicable tax returns and tax
      information reports that are required to be filed with respect to the
      Trust;

     

    (N) to
      employ
      or otherwise engage employees, agents (who may be designated as officers with
      titles), managers, contractors, advisors, attorneys and consultants and pay
      reasonable compensation for such services;

     

    (O) to
      incur
      expenses that are necessary or incidental to carry out any of the purposes
      of
      the Trust;

     

    (P) to
      give
      the certificate required by § 314(a)(4) of the Trust Indenture Act to the
      Institutional Trustee, which certificate may be executed by an Administrator;
      and

     

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

     

    (Q) to
      take
      all action that may be necessary or appropriate for the preservation and the
      continuation of the Trust's valid existence, rights, franchises and privileges
      as a statutory trust under the laws of each jurisdiction (other than the State
      of Delaware) in which such existence is necessary to protect the limited
      liability of the Holders of the Capital Securities or to enable the Trust to
      effect the purposes for which the Trust was created.

     

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

     

    (A) the
      establishment of the Property Account;

     

    (B) the
      receipt of the Debentures;

     

    (C) the
      collection of interest, principal and any other payments made in respect of
      the
      Debentures in the Property Account;

     

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

     

    (E) the
      exercise of all of the rights, powers and privileges of a holder of the
      Debentures;

     

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

     

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

     

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

     

    (I) after
      any
      Event of Default (of which the Institutional Trustee has knowledge (as provided
      in Section 2.10(m) hereof)) (provided,
      that
      such Event of Default is not by or with respect to the Institutional Trustee),
      the taking of any action incidental to the foregoing as the Institutional
      Trustee may from time to time determine is necessary or advisable to give effect
      to the terms of this Declaration and protect and conserve the Trust Property
      for
      the benefit of the Holders (without consideration of the effect of any such
      action on any particular Holder);

     

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

     

    (J) to
      take
      all action that may be necessary or appropriate for the preservation and the
      continuation of the Trust's valid existence, rights, franchises and privileges
      as a statutory trust under the laws of the State of Delaware to protect the
      limited liability of the Holders of the Capital Securities or to enable the
      Trust to effect the purposes for which the Trust was created; and

     

    (K) to
      undertake any actions set forth in § 317(a) of the Trust Indenture
      Act.

     

    (iii) The
      Institutional Trustee shall have the power and authority, and is hereby
      authorized, to act on behalf of the Trust with respect to any of the duties,
      liabilities, powers or the authority of the Administrators set forth in Section
      2.6(a)(i)(E) and (F) herein but shall not have a duty to do any such act unless
      specifically requested to do so in writing by the Sponsor, and shall then be
      fully protected in acting pursuant to such written request; and in the event
      of
      a conflict between the action of the Administrators and the action of the
      Institutional Trustee, the action of the Institutional Trustee shall
      prevail.

     

    (b) So
      long
      as this Declaration remains in effect, the Trust (or the Trustees or
      Administrators acting on behalf of the Trust) shall not undertake any business,
      activities or transaction except as expressly provided herein or contemplated
      hereby. In particular, neither the Trustees nor the Administrators may cause
      the
      Trust to (i) acquire any investments or engage in any activities not authorized
      by this Declaration, (ii) sell, assign, transfer, exchange, mortgage, pledge,
      set-off or otherwise dispose of any of the Trust Property or interests therein,
      including to Holders, except as expressly provided herein, (iii) take any action
      that would cause (or in the case of the Institutional Trustee, to the actual
      knowledge of a Responsible Officer would cause) the Trust to fail or cease
      to
      qualify as a "grantor trust" for United States federal income tax purposes,
      (iv)
      incur any indebtedness for borrowed money or issue any other debt or (v) take
      or
      consent to any action that would result in the placement of a lien on any of
      the
      Trust Property. The Institutional Trustee shall, at the sole cost and expense
      of
      the Trust, defend all claims and demands of all Persons at any time claiming
      any
      lien on any of the Trust Property adverse to the interest of the Trust or the
      Holders in their capacity as Holders.

     

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

     

    (i) the
      taking of any action necessary to obtain an exemption from the Securities
      Act;

     

    (ii) the
      determination of the States in which to take appropriate action to qualify
      or
      register for sale all or part of the Capital Securities and the determination
      of
      any and all such acts, other than actions which must be taken by or on behalf
      of
      the Trust, and the advisement of and direction to the Trustees of actions they
      must take on behalf of the Trust, and the preparation for execution and filing
      of any documents to be executed and filed by the Trust or on behalf of the
      Trust, as the Sponsor deems necessary or advisable in order to comply with
      the
      applicable laws of any such States in connection with the sale of the Capital
      Securities; and

     

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

     

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

     

    (d) Notwithstanding
      anything herein to the contrary, the Administrators, the Institutional Trustee
      and the Holders of a Majority in liquidation amount of the Common Securities
      are
      authorized and directed to conduct the affairs of the Trust and to operate
      the
      Trust so that (i) the Trust will not be deemed to be an Investment Company
      (in
      the case of the Institutional Trustee, to the actual knowledge of a Responsible
      Officer), and (ii) the Trust will not fail to be classified as a grantor trust
      for United States federal income tax purposes (in the case of the Institutional
      Trustee, to the actual knowledge of a Responsible Officer) and (iii) the Trust
      will not take any action inconsistent with the treatment of the Debentures
      as
      indebtedness of the Debenture Issuer for United States federal income tax
      purposes (in the case of the Institutional Trustee, to the actual knowledge
      of a
      Responsible Officer). In this connection, the Institutional Trustee, the
      Administrators and the Holders of a Majority in liquidation amount of the Common
      Securities are authorized to take any action, not inconsistent with applicable
      laws or this Declaration, as amended from time to time, that each of the
      Institutional Trustee, the Administrators and such Holders determine in their
      discretion to be necessary or desirable for such purposes, even if such action
      adversely affects the interests of the Holders of the Capital
      Securities.

     

    (e) All
      expenses incurred by the Administrators or the Trustees pursuant to this Section
      2.6 shall be reimbursed by the Sponsor, and the Trustees shall have no
      obligations with respect to such expenses.

     

    (f) The
      assets of the Trust shall consist of the Trust Property.

     

    (g) Legal
      title to all Trust Property shall be vested at all times in the Institutional
      Trustee (in its capacity as such) and shall be held and administered by the
      Institutional Trustee for the benefit of the Trust in accordance with this
      Declaration.

     

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

     

    SECTION
      2.7. Prohibition
      of Actions by the Trust and the Trustees.
      The
      Trust shall not, and the Institutional Trustee and the Administrators shall
      not,
      and the Administrators shall cause the Trust not to, engage in any activity
      other than as required or authorized by this Declaration. In particular, the
      Trust shall not, and the Institutional Trustee and the Administrators shall
      not
      cause the Trust to:

     

    
      
        
        

      

      
        -14-

        
          

        

      

      
        
        

      

    

     

    (a) invest
      any proceeds received by the Trust from holding the Debentures, but shall
      distribute all such proceeds to Holders of the Securities pursuant to the terms
      of this Declaration and of the Securities;

     

    (b) acquire
      any assets other than as expressly provided herein;

     

    (c) possess
      Trust Property for other than a Trust purpose;

     

    (d) make
      any
      loans or incur any indebtedness other than loans represented by the
      Debentures;

     

    (e) possess
      any power or otherwise act in such a way as to vary the Trust Property or the
      terms of the Securities;

     

    (f) issue
      any
      securities or other evidences of beneficial ownership of, or beneficial interest
      in, the Trust other than the Securities; or

     

    (g) other
      than as provided in this Declaration (including Annex I), (i) direct the time,
      method and place of exercising any trust or power conferred upon the Debenture
      Trustee with respect to the Debentures, (ii) waive any past default that is
      waivable under the Indenture, (iii) exercise any right to rescind or annul
      any
      declaration that the principal of all the Debentures shall be due and payable,
      or (iv) consent to any amendment, modification or termination of the Indenture
      or the Debentures where such consent shall be required unless the Trust shall
      have received a written opinion of counsel experienced in such matters to the
      effect that such amendment, modification or termination will not cause the
      Trust
      to cease to be classified as a grantor trust for United States federal income
      tax purposes.

     

    SECTION
      2.8. Powers
      and Duties of the Institutional Trustee.
      

     

    (a) The
      legal
      title to the Debentures shall be owned by and held of record in the name of
      the
      Institutional Trustee in trust for the benefit of the Trust. The right, title
      and interest of the Institutional Trustee to the Debentures shall vest
      automatically in each Person who may hereafter be appointed as Institutional
      Trustee in accordance with Section 4.7. Such vesting and cessation of title
      shall be effective whether or not conveyancing documents with regard to the
      Debentures have been executed and delivered.

     

    (b) The
      Institutional Trustee shall not transfer its right, title and interest in the
      Debentures to the Administrators or to the Delaware Trustee.

     

    (c) The
      Institutional Trustee shall:

     

    (i) establish
      and maintain a segregated non-interest bearing trust account (the "Property
      Account") in the United States (as defined in Treasury Regulations §
301.7701-7), in the name of and under the exclusive control of the Institutional
      Trustee, and maintained in the Institutional Trustee's trust department, on
      behalf of the Holders of the Securities and, upon the receipt of payments of
      funds made in respect of the Debentures held by the Institutional Trustee,
      deposit such funds into the Property Account and make payments to the Holders
      of
      the Capital Securities and Holders of the Common Securities from the Property
      Account in accordance with Section 5.1. Funds in the Property Account shall
      be
      held uninvested until disbursed in accordance with this
      Declaration;

     

    
      
        
        

      

      
        -15-

        
          

        

      

      
        
        

      

    

     

    (ii) engage
      in
      such ministerial activities as shall be necessary or appropriate to effect
      the
      redemption of the Capital Securities and the Common Securities to the extent
      the
      Debentures are redeemed or mature; and

     

    (iii) upon
      written notice of distribution issued by the Administrators in accordance with
      the terms of the Securities, engage in such ministerial activities as shall
      be
      necessary or appropriate to effect the distribution of the Debentures to Holders
      of Securities upon the occurrence of certain circumstances pursuant to the
      terms
      of the Securities.

     

    (d) The
      Institutional Trustee shall take all actions and perform such duties as may
      be
      specifically required of the Institutional Trustee pursuant to the terms of
      the
      Securities.

     

    (e) The
      Institutional Trustee may bring or defend, pay, collect, compromise, arbitrate,
      resort to legal action with respect to, or otherwise adjust claims or demands
      of
      or against, the Trust (a "Legal Action") which arise out of or in connection
      with an Event of Default of which a Responsible Officer of the Institutional
      Trustee has actual knowledge or the Institutional Trustee's duties and
      obligations under this Declaration or the Trust Indenture Act; provided,
      however,
      that if
      an Event of Default has occurred and is continuing and such event is
      attributable to the failure of the Debenture Issuer to pay interest or premium,
      if any, on or principal of the Debentures on the date such interest, premium,
      if
      any, or principal is otherwise payable (or in the case of redemption, on the
      redemption date), then a Holder of the Capital Securities may directly institute
      a proceeding for enforcement of payment to such Holder of the principal of
      or
      premium, if any, or interest on the Debentures having a principal amount equal
      to the aggregate liquidation amount of the Capital Securities of such Holder
      (a
      "Direct Action") on or after the respective due date specified in the
      Debentures. In connection with such Direct Action, the rights of the Holders
      of
      the Common Securities will be subrogated to the rights of such Holder of the
      Capital Securities to the extent of any payment made by the Debenture Issuer
      to
      such Holder of the Capital Securities in such Direct Action; provided,
      however,
      that a
      Holder of the Common Securities may exercise such right of subrogation only
      if
      no Event of Default with respect to the Capital Securities has occurred and
      is
      continuing.

     

    (f) The
      Institutional Trustee shall continue to serve as a Trustee until
      either:

     

    (i) the
      Trust
      has been completely liquidated and the proceeds of the liquidation distributed
      to the Holders of the Securities pursuant to the terms of the Securities and
      this Declaration (including Annex I) and the certificate of cancellation
      referenced in Section 7.1(b) has been filed; or

     

    (ii) a
      Successor Institutional Trustee has been appointed and has accepted that
      appointment in accordance with Section 4.7.

     

    
      
        
        

      

      
        -16-

        
          

        

      

      
        
        

      

    

     

    (g) The
      Institutional Trustee shall have the legal power to exercise all of the rights,
      powers and privileges of a holder of the Debentures under the Indenture and,
      if
      an Event of Default occurs and is continuing, the Institutional Trustee may,
      for
      the benefit of Holders of the Securities, enforce its rights as holder of the
      Debentures subject to the rights of the Holders pursuant to this Declaration
      (including Annex I) and the terms of the Securities.

     

    (h) The
      Institutional Trustee must exercise the powers set forth in this Section 2.8
      in
      a manner that is consistent with the purposes and functions of the Trust set
      out
      in Section 2.3, and the Institutional Trustee shall not take any action that
      is
      inconsistent with the purposes and functions of the Trust set out in Section
      2.3.

     

    SECTION
      2.9. Certain
      Duties and Responsibilities of the Trustees and the
      Administrators.
      

     

    (a) The
      Institutional Trustee, before the occurrence of any Event of Default (of which
      the Institutional Trustee has knowledge (as provided in Section 2.10(m) hereof))
      and after the curing of all Events of Default that may have occurred, shall
      undertake to perform only such duties as are specifically set forth in this
      Declaration and no implied covenants shall be read into this Declaration against
      the Institutional Trustee. In case an Event of Default (of which the
      Institutional Trustee has knowledge (as provided in Section 2.10(m) hereof)),
      has occurred (that has not been cured or waived pursuant to Section 6.8), the
      Institutional Trustee shall exercise such of the rights and powers vested in
      it
      by this Declaration, 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.

     

    (b) The
      duties and responsibilities of the Trustees and the Administrators shall be
      as
      provided by this Declaration and, in the case of the Institutional Trustee,
      by
      the Trust Indenture Act. Notwithstanding the foregoing, no provision of this
      Declaration shall require any Trustee or Administrator 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 satisfactory to it against such risk or liability is not
      reasonably assured to it. Whether or not therein expressly so provided, every
      provision of this Declaration relating to the conduct or affecting the liability
      of or affording protection to the Trustees or the Administrators shall be
      subject to the provisions of this Article. Nothing in this Declaration shall be
      construed to release a Trustee from liability for its own negligent action,
      its
      own negligent failure to act, or its own willful misconduct or bad faith.
      Nothing in this Declaration shall be construed to release an Administrator
      from
      liability for its own gross negligent action, its own gross negligent failure
      to
      act, or its own willful misconduct or bad faith. To the extent that, at law
      or
      in equity, a Trustee or an Administrator has duties (including fiduciary duties)
      to the Trust or to the Holders, such Trustee's or Administrator's duties may
      be
      restricted or eliminated by provisions in this Declaration, except that this
      Declaration may not eliminate the implied contractual covenant of good faith
      and
      fair dealing. A Trustee or Administrator shall not be liable to the Trust or
      a
      Holder or another Person that is party to or is otherwise bound by the
      Declaration for such Trustee's or Administrator's good faith reliance on the
      provisions of the Declaration. The provisions of this Declaration, to the extent
      that they restrict or eliminate the duties and liabilities of the Trustees
      or
      the Administrators otherwise existing at law or in equity, are agreed by the
      Sponsor and the Holders to replace such other duties and liabilities of the
      Trustees or the Administrators, as the case may be, except that no provision
      of
      this Declaration may limit or eliminate liability for any act or omission that
      constitutes a bad faith violation of the implied contractual covenant of good
      faith and fair dealing.

     

    
      
        
        

      

      
        -17-

        
          

        

      

      
        
        

      

    

     

    (c) All
      payments made by the Institutional Trustee or a Paying Agent in respect of
      the
      Securities shall be made only from the revenue and proceeds from the Trust
      Property and only to the extent that there shall be sufficient revenue or
      proceeds from the Trust Property to enable the Institutional Trustee or a Paying
      Agent to make payments in accordance with the terms hereof. Each Holder, by
      its
      acceptance of a Security, agrees that it will look solely to the revenue and
      proceeds from the Trust Property to the extent legally available for
      distribution to it as herein provided and that the Trustees and the
      Administrators are not personally liable to it for any amount distributable
      in
      respect of any Security or for any other liability in respect of any Security.
      This Section 2.9(c) does not limit the liability of the Trustees expressly
      set
      forth elsewhere in this Declaration or, in the case of the Institutional
      Trustee, in the Trust Indenture Act.

     

    (d) No
      provision of this Declaration shall be construed to relieve the Institutional
      Trustee from liability for its own negligent action, its own negligent failure
      to act, or its own willful misconduct or bad faith with respect to matters
      that
      are within the authority of the Institutional Trustee under this Declaration,
      except that:

     

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

     

    (ii) the
      Institutional Trustee shall not be liable with respect to any action taken
      or
      omitted to be taken by it in good faith in accordance with the direction of
      the
      Holders of not less than a Majority in liquidation amount of the Capital
      Securities or the Common Securities, as applicable, relating to the time, method
      and place of conducting any proceeding for any remedy available to the
      Institutional Trustee, or exercising any trust or power conferred upon the
      Institutional Trustee under this Declaration;

     

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

     

    (iv) the
      Institutional Trustee shall not be liable for any interest on any money received
      by it except as it may otherwise agree in writing with the Sponsor; and money
      held by the Institutional Trustee need not be segregated from other funds held
      by it except in relation to the Property Account maintained by the Institutional
      Trustee pursuant to Section 2.8(c)(i) and except to the extent otherwise
      required by law; and

     

    
      
        
        

      

      
        -18-

        
          

        

      

      
        
        

      

    

     

    (v) the
      Institutional Trustee shall not be responsible for monitoring the compliance
      by
      the Administrators or the Sponsor with their respective duties under this
      Declaration, nor shall the Institutional Trustee be liable for any default
      or
      misconduct of the Administrators or the Sponsor.

     

    SECTION
      2.10. Certain
      Rights of Institutional Trustee.
      Subject
      to the provisions of Section 2.9.

     

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

     

    (b) if
      (i) in
      performing its duties under this Declaration, the Institutional Trustee is
      required to decide between alternative courses of action, (ii) in construing
      any
      of the provisions of this Declaration, the Institutional Trustee finds the
      same
      ambiguous or inconsistent with any other provisions contained herein, or (iii)
      the Institutional Trustee is unsure of the application of any provision of
      this
      Declaration, then, except as to any matter as to which the Holders of Capital
      Securities are entitled to vote under the terms of this Declaration, the
      Institutional Trustee may deliver a notice to the Sponsor requesting the
      Sponsor's opinion as to the course of action to be taken and the Institutional
      Trustee shall take such action, or refrain from taking such action, as the
      Institutional Trustee in its sole discretion shall deem advisable and in the
      best interests of the Holders, in which event the Institutional Trustee shall
      have no liability except for its own negligence, willful misconduct or bad
      faith;

     

    (c) any
      direction or act of the Sponsor or the Administrators contemplated by this
      Declaration shall be sufficiently evidenced by an Officers'
      Certificate;

     

    (d) whenever
      in the administration of this Declaration, the Institutional Trustee shall
      deem
      it desirable that a matter be proved or established before undertaking,
      suffering or omitting any action hereunder, the Institutional Trustee (unless
      other evidence is herein specifically prescribed) may, in the absence of bad
      faith on its part, request and conclusively rely upon an Officers' Certificate
      which, upon receipt of such request, shall be promptly delivered by the Sponsor
      or the Administrators;

     

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

     

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

     

    
      
        
        

      

      
        -19-

        
          

        

      

      
        
        

      

    

     

    (g) the
      Institutional Trustee shall be under no obligation to exercise any of the rights
      or powers vested in it by this Declaration at the request or direction of any
      of
      the Holders pursuant to this Declaration, unless such Holders shall have offered
      to the Institutional Trustee security or indemnity reasonably satisfactory
      to it
      against the costs, expenses and liabilities which might be incurred by it in
      compliance with such request or direction; provided,
      that
      nothing contained in this Section 2.10(g) shall be taken to relieve the
      Institutional Trustee, upon the occurrence of an Event of Default (of which
      the
      Institutional Trustee has knowledge (as provided in Section 2.10(m) hereof))
      that has not been cured or waived, of its obligation to exercise the rights
      and
      powers vested in it by this Declaration;

     

    (h) the
      Institutional 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, consent, order, approval, bond, debenture,
      note or other evidence of indebtedness or other paper or document, unless
      requested in writing to do so by one or more Holders, but the Institutional
      Trustee may make such further inquiry or investigation into such facts or
      matters as it may see fit;

     

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

     

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

     

    (k) except
      as
      otherwise expressly provided in this Declaration, the Institutional Trustee
      shall not be under any obligation to take any action that is discretionary
      under
      the provisions of this Declaration;

     

    (l) when
      the
      Institutional Trustee incurs expenses or renders services in connection with
      a
      Bankruptcy Event, such expenses (including the fees and expenses of its counsel)
      and the compensation for such services are intended to constitute expenses
      of
      administration under any bankruptcy law or law relating to creditors rights
      generally;

     

    
      
        
        

      

      
        -20-

        
          

        

      

      
        
        

      

    

     

    (m) the
      Institutional Trustee shall not be charged with knowledge of an Event of Default
      unless a Responsible Officer of the Institutional Trustee has actual knowledge
      of such event or the Institutional Trustee receives written notice of such
      event
      from any Holder, except with respect to an Event of Default pursuant to Sections
      5.01(a), 5.01(b) or 5.01(c) of the Indenture (other than an Event of Default
      resulting from the default in the payment of Additional Interest or premium,
      if
      any, if the Institutional Trustee does not have actual knowledge or written
      notice that such payment is due and payable), of which the Institutional Trustee
      shall be deemed to have knowledge;

     

    (n) any
      action taken by the Institutional Trustee or its agents hereunder shall bind
      the
      Trust and the Holders of the Securities, and the signature of the Institutional
      Trustee or its agents alone shall be sufficient and effective to perform any
      such action and no third party shall be required to inquire as to the authority
      of the Institutional Trustee to so act or as to its compliance with any of
      the
      terms and provisions of this Declaration, both of which shall be conclusively
      evidenced by the Institutional Trustee's or its agent's taking such action;
      

     

    (o) no
      provision of this Declaration shall be deemed to impose any duty or obligation
      on the Institutional Trustee to perform any act or acts or exercise any right,
      power, duty or obligation conferred or imposed on it, in any jurisdiction in
      which it shall be illegal, or in which the Institutional Trustee shall be
      unqualified or incompetent in accordance with applicable law, to perform any
      such act or acts, or to exercise any such right, power, duty or obligation.
      No
      permissive power or authority available to the Institutional Trustee shall
      be
      construed to be a duty; and

     

    (p) whenever
      in the administration of this Declaration the Institutional Trustee shall deem
      it desirable to receive instructions with respect to the winding up of the
      affairs of and dissolution of the Trust, the Institutional Trustee (i) may
      request instructions from the Sponsor in respect of such winding up and
      dissolution, (ii) may refrain from taking action with respect to the winding
      up
      and dissolution of the Trust until such instructions are received, and (iii)
      shall be fully protected in acting in accordance with such
      instructions.

     

    SECTION
      2.11. Delaware
      Trustee.
      Notwithstanding any other provision of this Declaration other than Section
      4.2,
      the Delaware Trustee shall not be entitled to exercise any powers, nor shall
      the
      Delaware Trustee have any of the duties and responsibilities of any of the
      Trustees or the Administrators described in this Declaration (except as may
      be
      required under the Statutory Trust Act). Except as set forth in Section 4.2,
      the
      Delaware Trustee shall be a Trustee for the sole and limited purpose of
      fulfilling the requirements of § 3807 of the Statutory Trust Act.

     

    SECTION
      2.12. Execution
      of Documents.
      Unless
      otherwise determined in writing by the Institutional Trustee, and except as
      otherwise required by the Statutory Trust Act, the Institutional Trustee, or
      any
      one or more of the Administrators, as the case may be, is authorized to execute
      and deliver on behalf of the Trust any documents, agreements, instruments or
      certificates that the Trustees or the Administrators, as the case may be, have
      the power and authority to execute pursuant to Section 2.6.

     

    SECTION
      2.13. Not
      Responsible for Recitals or Issuance of Securities.
      The
      recitals contained in this Declaration and the Securities shall be taken as
      the
      statements of the Sponsor, and the Trustees do not assume any responsibility
      for
      their correctness. The Trustees make no representations as to the value or
      condition of the property of the Trust or any part thereof. The Trustees make
      no
      representations as to the validity or sufficiency of this Declaration, the
      Debentures or the Securities.

     

    
      
        
        

      

      
        -21-

        
          

        

      

      
        
        

      

    

     

    SECTION
      2.14. Duration
      of Trust.
      The
      Trust, unless dissolved pursuant to the provisions of Article VII hereof, shall
      have existence for thirty-five (35) years from the Closing Date.

     

    SECTION
      2.15. Mergers.

     

    (a) The
      Trust
      may not consolidate, amalgamate, merge with or into, or be replaced by, or
      convey, transfer or lease its properties and assets substantially as an entirety
      to any corporation or other Person, except as described in this Section 2.15
      and
      except with respect to the distribution of Debentures to Holders of Securities
      pursuant to Section 7.1(a)(iv) of the Declaration or Section 3 of Annex
      I.

     

    (b) The
      Trust
      may, with the consent of the Administrators and the Institutional Trustee (which
      consent will not be unreasonably withheld) and without the consent of the
      Holders of the Capital Securities, consolidate, amalgamate, merge with or into,
      or be replaced by, or convey, transfer or lease its properties and assets as
      an
      entirety or substantially as an entirety to a trust organized as such under
      the
      laws of any state; provided,
      that:

     

    (i) if
      the
      Trust is not the survivor, such successor entity (the "Successor Entity")
      either:

     

    (A) expressly
      assumes all of the obligations of the Trust under the Securities;
      or

     

    (B) substitutes
      for the Securities other securities having substantially the same terms as
      the
      Securities (the "Successor Securities") so that the Successor Securities rank
      the same as the Securities rank with respect to Distributions and payments
      upon
      Liquidation, redemption and otherwise;

     

    (ii) the
      Sponsor expressly appoints a trustee of the Successor Entity that possesses
      the
      same powers and duties as the Institutional Trustee;

     

    (iii) the
      Capital Securities or any Successor Securities (excluding any securities
      substituted for the Common Securities) are listed or quoted, or any Successor
      Securities will be listed or quoted upon notification of issuance, on any
      national securities exchange or with another organization on which the Capital
      Securities are then listed or quoted, if any;

     

    (iv) such
      merger, consolidation, amalgamation, replacement, conveyance, transfer or lease
      does not cause the rating, if any, on the Capital Securities (including any
      Successor Securities) to be downgraded or withdrawn by any nationally recognized
      statistical rating organization, if the Capital Securities are then
      rated;

     

    
      
        
        

      

      
        -22-

        
          

        

      

      
        
        

      

    

     

    (v) such
      merger, consolidation, amalgamation, replacement, conveyance, transfer or lease
      does not adversely affect the rights, preferences and privileges of the Holders
      of the Securities (including any Successor Securities) in any material respect
      (other than with respect to any dilution of such Holders' interests in the
      Successor Entity as a result of such merger, consolidation, amalgamation or
      replacement);

     

    (vi) such
      Successor Entity has a purpose substantially identical to that of the
      Trust;

     

    (vii) prior
      to
      such merger, consolidation, amalgamation, replacement, conveyance, transfer
      or
      lease, the Trust has received a written opinion of a nationally recognized
      independent counsel to the Trust experienced in such matters to the effect
      that:

     

    (A) such
      merger, consolidation, amalgamation, replacement, conveyance, transfer or lease
      does not adversely affect the rights, preferences and privileges of the Holders
      of the Securities (including any Successor Securities) in any material respect
      (other than with respect to any dilution of the Holders' interests in the
      Successor Entity);

     

    (B) following
      such merger, consolidation, amalgamation, replacement, conveyance, transfer
      or
      lease, neither the Trust nor the Successor Entity will be required to register
      as an Investment Company; and

     

    (C) following
      such merger, consolidation, amalgamation, replacement, conveyance, transfer
      or
      lease, the Trust (or the Successor Entity) will continue to be classified as
      a
      grantor trust for United States federal income tax purposes;

     

    (viii) the
      Sponsor guarantees the obligations of such Successor Entity under the Successor
      Securities to the same extent provided by the Guarantee, the Debentures and
      this
      Declaration; and

     

    (ix) prior
      to
      such merger, consolidation, amalgamation, replacement, conveyance, transfer
      or
      lease, the Institutional Trustee shall have received an Officers' Certificate
      of
      the Administrators and an opinion of counsel, each to the effect that all
      conditions precedent of this paragraph (b) to such transaction have been
      satisfied.

     

    (c) Notwithstanding
      Section 2.15(b), the Trust shall not, except with the consent of Holders of
      100%
      in liquidation amount of the Securities, consolidate, amalgamate, merge with
      or
      into, or be replaced by, or convey, transfer or lease its properties and assets
      as an entirety or substantially as an entirety to, any other Person or permit
      any other Person to consolidate, amalgamate, merge with or into, or replace
      it
      if such consolidation, amalgamation, merger, replacement, conveyance, transfer
      or lease would cause the Trust or Successor Entity to be classified as other
      than a grantor trust for United States federal income tax purposes.

     

    
      
        
        

      

      
        -23-

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      III

    SPONSOR

     

    SECTION
      3.1. Sponsor's
      Purchase of Common Securities.
      On the
      Closing Date, the Sponsor will purchase all of the Common Securities issued
      by
      the Trust, in an amount at least equal to 3% of the capital of the Trust, at
      the
      same time as the Capital Securities are sold.

     

    SECTION
      3.2. Responsibilities
      of the Sponsor.
      In
      connection with the issue and sale of the Capital Securities, the Sponsor shall
      have the exclusive right and responsibility and sole decision to engage in,
      or
      direct the Administrators to engage in, the following activities:

     

    (a) to
      determine the States in which to take appropriate action to qualify or register
      for sale of all or part of the Capital Securities and to do any and all such
      acts, other than actions which must be taken by the Trust, and advise the Trust
      of actions it must take, and prepare for execution and filing any documents
      to
      be executed and filed by the Trust, as the Sponsor deems necessary or advisable
      in order to comply with the applicable laws of any such States;

     

    (b) to
      prepare for filing and request the Administrators to cause the filing by the
      Trust, as may be appropriate, of an application to the PORTAL system, for
      listing or quotation upon notice of issuance of any Capital Securities, as
      requested by the Holders of not less than a Majority in liquidation amount
      of
      the Capital Securities; and

     

    (c) to
      negotiate the terms of and/or execute and deliver on behalf of the Trust, the
      Placement Agreement and other related agreements providing for the sale of
      the
      Capital Securities.

     

    ARTICLE
      IV

    TRUSTEES
      AND ADMINISTRATORS

     

    SECTION
      4.1. Number
      of Trustees.
      The
      number of Trustees initially shall be two, and:

     

    (a) at
      any
      time before the issuance of any Securities, the Sponsor may, by written
      instrument, increase or decrease the number of Trustees; and

     

    (b) after
      the
      issuance of any Securities, the number of Trustees may be increased or decreased
      by vote of the Holder of a Majority in liquidation amount of the Common
      Securities voting as a class at a meeting of the Holder of the Common
      Securities; provided,
      however,
      that
      there shall be a Delaware Trustee if required by Section 4.2; and there shall
      always be one Trustee who shall be the Institutional Trustee, and such Trustee
      may also serve as Delaware Trustee if it meets the applicable requirements,
      in
      which case Section 2.11 shall have no application to such entity in its capacity
      as Institutional Trustee.

     

    SECTION
      4.2. Delaware
      Trustee.
      If
      required by the Statutory Trust Act, one Trustee (the "Delaware Trustee") shall
      be:

     

    (a) a
      natural
      person who is a resident of the State of Delaware; or

     

    
      
        
        

      

      
        -24-

        
          

        

      

      
        
        

      

    

     

    (b) if
      not a
      natural person, an entity which is organized under the laws of the United States
      or any state thereof or the District of Columbia, has its principal place of
      business in the State of Delaware, and otherwise meets the requirements of
      applicable law, including §3807 of the Statutory Trust Act.

     

    SECTION
      4.3. Institutional
      Trustee; Eligibility.
      

     

    (a) There
      shall at all times be one Trustee which shall act as Institutional Trustee
      which
      shall:

     

    (i) not
      be an
      Affiliate of the Sponsor;

     

    (ii) not
      offer
      or provide credit or credit enhancement to the Trust; and

     

    (iii) be
      a
      banking corporation or national association organized and doing business under
      the laws of the United States of America or any state thereof or of the District
      of Columbia and authorized under such laws to exercise corporate trust powers,
      having a combined capital and surplus of at least fifty million U.S. dollars
      ($50,000,000), and subject to supervision or examination by federal, state
      or
      District of Columbia authority. If such corporation or national association
      publishes reports of condition at least annually, pursuant to law or to the
      requirements of the supervising or examining authority referred to above, then
      for the purposes of this Section 4.3(a)(iii), the combined capital and surplus
      of such corporation or national association shall be deemed to be its combined
      capital and surplus as set forth in its most recent report of condition so
      published.

     

    (b) If
      at any
      time the Institutional Trustee shall cease to be eligible to so act under
      Section 4.3(a), the Institutional Trustee shall immediately resign in the manner
      and with the effect set forth in Section 4.7.

     

    (c) If
      the
      Institutional Trustee has or shall acquire any "conflicting interest" within
      the
      meaning of § 310(b) of the Trust Indenture Act, the Institutional Trustee shall
      either eliminate such interest or resign, to the extent and in the manner
      provided by, and subject to this Declaration.

     

    (d) The
      initial Institutional Trustee shall be Wells Fargo Bank, National
      Association.

     

    SECTION
      4.4. Certain
      Qualifications of the Delaware Trustee Generally.
      The
      Delaware Trustee shall be a U.S. Person and either a natural person who is
      at
      least 21 years of age or a legal entity that shall act through one or more
      Authorized Officers.

     

    SECTION
      4.5. Administrators.
      Each
      Administrator shall be a U.S. Person. 

     

    There
      shall at all times be at least one Administrator. Except where a requirement
      for
      action by a specific number of Administrators is expressly set forth in this
      Declaration and except with respect to any action the taking of which is the
      subject of a meeting of the Administrators, any action required or permitted
      to
      be taken by the Administrators may be taken by, and any power of the
      Administrators may be exercised by, or with the consent of, any one such
      Administrator acting alone.

     

    
      
        
        

      

      
        -25-

        
          

        

      

      
        
        

      

    

     

    SECTION
      4.6. Initial
      Delaware Trustee.
      The
      initial Delaware Trustee shall be Wells Fargo Delaware Trust
      Company.

     

    SECTION
      4.7. Appointment,
      Removal and Resignation of the Trustees and the Administrators.
      

     

    (a) No
      resignation or removal of any Trustee (the "Relevant 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 this Section 4.7.

     

    (b) Subject
      to Section 4.7(a), a Relevant Trustee may resign at any time by giving written
      notice thereof to the Holders of the Securities and by appointing a successor
      Relevant Trustee, except in the case of the Delaware Trustee's successor which
      shall be appointed by Holders of a Majority in liquidation amount of the Common
      Securities. Upon the resignation of the Institutional Trustee, the
      Administrators shall appoint a successor by requesting from at least three
      Persons meeting the eligibility requirements their expenses and charges to
      serve
      as the successor Institutional Trustee on a form provided by the Administrators,
      and selecting the Person who agrees to the lowest reasonable expense and charges
      (the "Successor Institutional Trustee"). If the instrument of acceptance by
      the
      successor Relevant Trustee required by this Section 4.7 shall not have been
      delivered to the Administrators with a copy to the Removed or Resigning Trustee
      within 60 days after the giving of such notice of resignation or delivery of
      the
      instrument of removal, the Relevant Trustee may petition, at the expense of
      the
      Trust, any federal, state or District of Columbia court of competent
      jurisdiction for the appointment of a successor Relevant Trustee. Such court
      may
      thereupon, after prescribing such notice, if any, as it may deem proper, appoint
      a Relevant Trustee. The Institutional Trustee shall have no liability for the
      selection of such successor pursuant to this Section 4.7.

     

    (c) Unless
      an
      Event of Default shall have occurred and be continuing, any Trustee may be
      removed at any time by an act of the Holders of a Majority in liquidation amount
      of the Common Securities. If any Trustee shall be so removed, the Holders of
      the
      Common Securities, by act of the Holders of a Majority in liquidation amount
      of
      the Common Securities delivered to the Relevant Trustee, shall promptly appoint
      a successor Relevant Trustee, and such successor Trustee shall comply with
      the
      applicable requirements of this Section 4.7. If an Event of Default shall have
      occurred and be continuing, the Institutional Trustee or the Delaware Trustee,
      or both of them, may be removed by the act of the Holders of a Majority in
      liquidation amount of the Capital Securities, delivered to the Relevant Trustee
      (in its individual capacity and on behalf of the Trust). If any Trustee shall
      be
      so removed, the Holders of Capital Securities, by act of the Holders of a
      Majority in liquidation amount of the Capital Securities then outstanding
      delivered to the Relevant Trustee, shall promptly appoint a successor Relevant
      Trustee or Trustees, and such successor Trustee shall comply with the applicable
      requirements of this Section 4.7. If no successor Relevant Trustee shall have
      been so appointed by the Holders of a Majority in liquidation amount of the
      Capital Securities and accepted appointment in the manner required by this
      Section 4.7 within 30 days after delivery of an instrument of removal, the
      Relevant Trustee or any Holder who has been a Holder of the Securities for
      at
      least six months may, on behalf of himself and all others similarly situated
      and
      at the expense of the Trust, petition any federal, state or District of Columbia
      court of competent jurisdiction for the appointment of a successor Relevant
      Trustee. Such court may thereupon, after prescribing such notice, if any, as
      it
      may deem proper, appoint a successor Relevant Trustee or Trustees.

     

    
      
        
        

      

      
        -26-

        
          

        

      

      
        
        

      

    

     

    (d) The
      Administrators shall give notice of each resignation and each removal of a
      Trustee and each appointment of a successor Trustee to all Holders and to the
      Sponsor. Each notice shall include the name of the successor Relevant Trustee
      and the address of its Corporate Trust Office if it is the Successor
      Institutional Trustee.

     

    (e) Notwithstanding
      the foregoing or any other provision of this Declaration, in the event a
      Delaware Trustee who is a natural person dies or is adjudged by a court to
      have
      become incompetent or incapacitated, the vacancy created by such death,
      incompetence or incapacity may be filled by the Institutional Trustee (provided
      the Institutional Trustee satisfies the requirements of a Delaware Trustee
      as
      set forth in Section 4.2) following the procedures in this Section 4.7 (with
      the
      successor being a Person who satisfies the eligibility requirement for a
      Delaware Trustee set forth in this Declaration) (the "Successor Delaware
      Trustee").

     

    (f) In
      case
      of the appointment hereunder of a successor Relevant Trustee, the retiring
      Relevant Trustee and each successor Relevant Trustee with respect to the
      Securities shall execute and deliver an amendment hereto wherein each successor
      Relevant Trustee shall accept such appointment and which (a) shall contain
      such
      provisions as shall be necessary or desirable to transfer and confirm to, and
      to
      vest in, each successor Relevant Trustee all the rights, powers, trusts and
      duties of the retiring Relevant Trustee with respect to the Securities and
      the
      Trust and (b) shall add to or change any of the provisions of this Declaration
      as shall be necessary to provide for or facilitate the administration of the
      Trust by more than one Relevant Trustee, it being understood that nothing herein
      or in such amendment shall constitute such Relevant Trustees co-trustees and
      upon the execution and delivery of such amendment the resignation or removal
      of
      the retiring Relevant Trustee shall become effective to the extent provided
      therein and each such successor Relevant Trustee, without any further act,
      deed
      or conveyance, shall become vested with all the rights, powers, trusts and
      duties of the retiring Relevant Trustee; but, on request of the Trust or any
      successor Relevant Trustee, such retiring Relevant Trustee shall duly assign,
      transfer and deliver to such successor Relevant Trustee all Trust Property,
      all
      proceeds thereof and money held by such retiring Relevant Trustee hereunder
      with
      respect to the Securities and the Trust subject to the payment of all unpaid
      fees, expenses and indemnities of such retiring Relevant Trustee.

     

    (g) No
      Institutional Trustee or Delaware Trustee shall be liable for the acts or
      omissions to act of any Successor Institutional Trustee or Successor Delaware
      Trustee, as the case may be.

     

    (h) The
      Holders of the Capital Securities will have no right to vote to appoint, remove
      or replace the Administrators, which voting rights are vested exclusively in
      the
      Holders of the Common Securities.

     

    
      
        
        

      

      
        -27-

        
          

        

      

      
        
        

      

    

     

    (i) Notwithstanding
      the foregoing or any other provision of this Declaration, in the event any
      Administrator resigns, dies or becomes, in the
      reasonable
      opinion
      of the Holders of Common Securities, incompetent or incapacitated, the vacancy
      created by such resignation, death, incompetence or incapacity may be filled
      by
      the Holders of the Common Securities.

     

    (j) Any
      successor Delaware Trustee shall file an amendment to the Certificate of Trust
      with the Secretary of State of the State of Delaware identifying the name and
      principal place of business of such Delaware Trustee in the State of
      Delaware.

     

    SECTION
      4.8. Vacancies
      Among Trustees.
      If a
      Trustee ceases to hold office for any reason and the number of Trustees is
      not
      reduced pursuant to Section 4.1, or if the number of Trustees is increased
      pursuant to Section 4.1, a vacancy shall occur. A resolution certifying the
      existence of such vacancy by the Trustees or, if there are more than two, a
      majority of the Trustees shall be conclusive evidence of the existence of such
      vacancy. The vacancy shall be filled with a Trustee appointed in accordance
      with
      Section 4.7.

     

    SECTION
      4.9. Effect
      of Vacancies.
      The
      death, resignation, retirement, removal, bankruptcy, dissolution, liquidation,
      incompetence or incapacity to perform the duties of a Trustee shall not operate
      to dissolve, terminate or annul the Trust or terminate this Declaration.
      Whenever a vacancy in the number of Trustees shall occur, until such vacancy
      is
      filled by the appointment of a Trustee in accordance with Section 4.7, the
      Institutional Trustee shall have all the powers granted to the Trustees and
      shall discharge all the duties imposed upon the Trustees by this
      Declaration.

     

    SECTION
      4.10. Meetings
      of the Trustees and the Administrators.
      Meetings of the Trustees or the Administrators shall be held from time to time
      upon the call of any Trustee or Administrator, as applicable. Regular meetings
      of the Trustees and the Administrators, respectively, may be in person in the
      United States or by telephone, at a place (if applicable) and time fixed by
      resolution of the Trustees or the Administrators, as applicable. Notice of
      any
      in-person meetings of the Trustees or the Administrators shall be hand delivered
      or otherwise delivered in writing (including by facsimile, with a hard copy
      by
      overnight courier) not less than 48 hours before such meeting. Notice of any
      telephonic meetings of the Trustees or the Administrators or any committee
      thereof shall be hand delivered or otherwise delivered in writing (including
      by
      facsimile, with a hard copy by overnight courier) not less than 24 hours before
      a meeting. Notices shall contain a brief statement of the time, place and
      anticipated purposes of the meeting. The presence (whether in person or by
      telephone) of a Trustee or an Administrator, as the case may be, at a meeting
      shall constitute a waiver of notice of such meeting except where a Trustee
      or an
      Administrator, as the case may be, attends a meeting for the express purpose
      of
      objecting to the transaction of any activity on the ground that the meeting
      has
      not been lawfully called or convened. Unless provided otherwise in this
      Declaration, any action of the Trustees or the Administrators, as the case
      may
      be, may be taken at a meeting by vote of a majority of the Trustees or the
      Administrators present (whether in person or by telephone) and eligible to
      vote
      with respect to such matter; provided,
      that,
      in the case of the Administrators, a Quorum is present, or without a meeting
      by
      the unanimous written consent of the Trustees or the Administrators, as the
      case
      may be. Meetings of the Trustees and the Administrators together shall be held
      from time to time upon the call of any Trustee or Administrator.

     

    
      
        
        

      

      
        -28-

        
          

        

      

      
        
        

      

    

     

    SECTION
      4.11. Delegation
      of Power.

     

    (a) Any
      Trustee or any Administrator, as the case may be, may, by power of attorney
      consistent with applicable law, delegate to any other natural person over the
      age of 21 that is a U.S. Person his or her power for the purpose of executing
      any documents, instruments or other writings contemplated in Section
      2.6.

     

    (b) The
      Trustees shall have power to delegate from time to time to such of their number
      or to any officer of the Trust that is a U.S. Person, the doing of such things
      and the execution of such instruments or other writings either in the name
      of
      the Trust or the names of the Trustees or otherwise as the Trustees may deem
      expedient, to the extent such delegation is not prohibited by applicable law
      or
      contrary to the provisions of the Trust, as set forth herein.

     

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

     

    Any
      Person into which the Institutional Trustee or the Delaware Trustee, as the
      case
      may be, may be merged or converted or with which either may be consolidated,
      or
      any Person resulting from any merger, conversion or consolidation to which
      the
      Institutional Trustee or the Delaware Trustee, as the case may be, shall be
      a
      party, or any Person succeeding to all or substantially all the corporate trust
      business of the Institutional Trustee or the Delaware Trustee, as the case
      may
      be, shall be the successor of the Institutional Trustee or the Delaware Trustee,
      as the case may be, hereunder, without the execution or filing of any paper
      or
      any further act on the part of any of the parties hereto, provided such Person
      shall be otherwise qualified and eligible under this Article and, provided,
      further, that such Person shall file an amendment to the Certificate of Trust
      with the Secretary of State of the State of Delaware as contemplated in Section
      4.7(i).

     

    ARTICLE
      V

    DISTRIBUTIONS

     

    SECTION
      5.1. Distributions.
      

     

    (a) Holders
      shall receive Distributions in accordance with the applicable terms of the
      relevant Holder's Securities. Distributions shall be made on the Capital
      Securities and the Common Securities in accordance with the preferences set
      forth in their respective terms. If and to the extent that the Debenture Issuer
      makes a payment of interest (including any Additional Interest or Deferred
      Interest) or premium, if any, on and/or principal on the Debentures held by
      the
      Institutional Trustee (the amount of any such payment being a "Payment Amount"),
      the Institutional Trustee shall and is directed, to the extent funds are
      available in the Property Account for that purpose, to make a distribution
      (a
      "Distribution") of the Payment Amount to Holders. For the avoidance of doubt,
      funds in the Property Account shall not be distributed to Holders to the extent
      of any taxes payable by the Trust, in the case of withholding taxes, as
      determined by the Institutional Trustee or any Paying Agent and, in the case
      of
      taxes other than withholding tax taxes, as determined by the Administrators
      in a
      written notice to the Institutional Trustee.

     

    
      
        
        

      

      
        -29-

        
          

        

      

      
        
        

      

    

     

    (b) As
      a
      condition to the payment of any principal of or interest on the Securities
      without the imposition of withholding tax, the Administrators shall require
      the
      previous delivery of properly completed and signed applicable U.S. federal
      income tax certifications (generally, an Internal Revenue Service Form W-9
      (or
      applicable successor form) in the case of a person that is a "United States
      person" within the meaning of Section 7701(a)(30) of the Code or an Internal
      Revenue Service Form W-8 (or applicable successor form) in the case of a person
      that is not a "United States person" within the meaning of Section 7701(a)(30)
      of the Code, and any other certification acceptable to it to enable the
      Institutional Trustee or any Paying Agent to determine their respective duties
      and liabilities with respect to any taxes or other charges that they may be
      required to pay, deduct or withhold in respect of such Securities.

     

    ARTICLE
      VI

    ISSUANCE
      OF SECURITIES

     

    SECTION
      6.1. General
      Provisions Regarding Securities.
      

     

    (a) The
      Administrators shall on behalf of the Trust issue one series of capital
      securities, evidenced by a certificate substantially in the form of Exhibit
      A-1,
      representing undivided beneficial interests in the assets of the Trust and
      having such terms as are set forth in Annex I (the "Capital Securities"), and
      one series of common securities, evidenced by a certificate substantially in
      the
      form of Exhibit A-2, representing undivided beneficial interests in the assets
      of the Trust and having such terms as are set forth in Annex I (the "Common
      Securities"). The Trust shall issue no securities or other interests in the
      assets of the Trust other than the Capital Securities and the Common Securities.
      The Capital Securities rank pari
      passu
      and
      payment thereon shall be made Pro Rata with the Common Securities except that,
      where an Event of Default has occurred and is continuing, the rights of Holders
      of the Common Securities to payment in respect of Distributions and payments
      upon liquidation, redemption and otherwise are subordinated to the rights to
      payment of the Holders of the Capital Securities.

     

    (b) The
      Certificates shall be signed on behalf of the Trust by one or more
      Administrators. Such signature shall be the facsimile or manual signature of
      any
      Administrator. In case any Administrator of the Trust who shall have signed
      any
      of the Securities shall cease to be such Administrator before the Certificates
      so signed shall be delivered by the Trust, such Certificates nevertheless may
      be
      delivered as though the person who signed such Certificates had not ceased
      to be
      such Administrator. Any Certificate may be signed on behalf of the Trust by
      such
      person who, at the actual date of execution of such Security, shall be an
      Administrator of the Trust, although at the date of the execution and delivery
      of the Declaration any such person was not such an Administrator. A Capital
      Security shall not be valid until authenticated by the manual signature of
      an
      Authorized Officer of the Institutional Trustee. Such signature shall be
      conclusive evidence that the Capital Security has been authenticated under
      this
      Declaration. Upon written order of the Trust signed by one Administrator, the
      Institutional Trustee shall authenticate the Capital Securities for original
      issue. The Institutional Trustee may appoint an authenticating agent that is
      a
      U.S. Person acceptable to the Trust to authenticate the Capital Securities.
      A
      Common Security need not be so authenticated and shall be valid upon execution
      by one or more Administrators.

     

    (c) The
      Capital Securities issued pursuant to Regulation S of the Securities Act or
      to
      QIBs shall be, except as provided in Section 6.4, Book-Entry Capital Securities
      issued in the form of one or more Global Capital Securities registered in the
      name of the Depositary, or its nominee and deposited with the Depositary or
      a
      custodian for the Depositary for credit by the Depositary to the respective
      accounts of the Depositary Participants thereof (or such other accounts as
      they
      may direct).

     

    
      
        
        

      

      
        -30-

        
          

        

      

      
        
        

      

    

     

    (d) The
      consideration received by the Trust for the issuance of the Securities shall
      constitute a contribution to the capital of the Trust and shall not constitute
      a
      loan to the Trust.

     

    (e) Upon
      issuance of the Securities as provided in this Declaration, the Securities
      so
      issued shall be deemed to be validly issued, fully paid and non-assessable,
      and
      each Holder thereof shall be entitled to the benefits provided by this
      Declaration.

     

    (f) Every
      Person, by virtue of having become a Holder in accordance with the terms of
      this
      Declaration, shall be deemed to have expressly assented and agreed to the terms
      of, and shall be bound by, this Declaration and the Guarantee.

     

    SECTION
      6.2. Paying
      Agent, Transfer Agent, Calculation Agent and Registrar.
      

     

    (a) The
      Trust
      shall maintain an office or agency where the Securities may be presented for
      payment (the "Paying Agent"), and an office or agency where Securities may
      be
      presented for registration of transfer or exchange (the "Transfer Agent").
      The
      Administrators hereby appoint the Institutional Trustee as Paying Agent and
      Transfer Agent which office for such purposes shall be the Corporate Trust
      Office. The Trust shall also keep or cause to be kept a register for the purpose
      of registering Securities and transfers and exchanges of Securities, such
      register to be held by a registrar (the "Registrar"). The Administrators may
      appoint the Paying Agent, the Registrar and the Transfer Agent, and may appoint
      one or more additional Paying Agents, one or more co-Registrars, or one or
      more
      co-Transfer Agents in such other locations as it shall determine. The term
      "Paying Agent" includes any additional Paying Agent, the term "Registrar"
      includes any additional Registrar or co-Registrar and the term "Transfer Agent"
      includes any additional Transfer Agent or co-Transfer Agent. The Administrators
      may change any Paying Agent, Transfer Agent or Registrar at any time without
      prior notice to any Holder. The Administrators shall notify the Institutional
      Trustee of the name and address of any Paying Agent, Transfer Agent and
      Registrar not a party to this Declaration. The Administrators hereby initially
      appoint the Institutional Trustee to act as Registrar for the Capital Securities
      and the Common Securities at its Corporate Trust Office. The Institutional
      Trustee or any of its Affiliates in the United States may act as Paying Agent,
      Transfer Agent or Registrar.

     

    (b) The
      Trust
      shall also appoint a Calculation Agent, which shall determine the Coupon Rate
      in
      accordance with the terms of the Securities. The Trust initially appoints the
      Institutional Trustee as Calculation Agent.

     

    
      
        
        

      

      
        -31-

        
          

        

      

      
        
        

      

    

     

    SECTION
      6.3. Form
      and Dating.
      

     

    (a) The
      Capital Securities and the Institutional Trustee's certificate of authentication
      thereon shall be substantially in the form of Exhibit A-1, and the Common
      Securities shall be substantially in the form of Exhibit A-2, each of which
      is
      hereby incorporated in and expressly made a part of this Declaration.
      Certificates may be typed, printed, lithographed or engraved or may be produced
      in any other manner as is reasonably acceptable to the Administrators, as
      conclusively evidenced by their execution thereof. The Certificates may have
      letters, numbers, notations or other marks of identification or designation
      and
      such legends or endorsements required by law, stock exchange rule, agreements
      to
      which the Trust is subject, if any, or usage (provided, that any such notation,
      legend or endorsement is in a form acceptable to the Sponsor). The Trust at
      the
      direction of the Sponsor shall furnish any such legend not contained in Exhibit
      A-1 to the Institutional Trustee in writing. Each Capital Security shall be
      dated the date of its authentication. The terms and provisions of the Securities
      set forth in Annex I and the forms of Securities set forth in Exhibits A-1
      and
      A-2 are part of the terms of this Declaration and to the extent applicable,
      the
      Institutional Trustee, the Delaware Trustee, the Administrators and the Sponsor,
      by their execution and delivery of this Declaration, expressly agree to such
      terms and provisions and to be bound thereby. Capital Securities will be issued
      only in blocks having a stated liquidation amount of not less than $100,000
      and
      multiples of $1,000 in excess thereof.

     

    (b) The
      Capital Securities sold by the Trust shall be issued in book entry form,
      registered in the name of Cede & Co., as nominee on behalf of the Depository
      Trust Company, without coupons, and held by the Institutional Trustee as
      custodian for the Depository Trust Company.

     

    SECTION
      6.4. Book-Entry
      Capital Securities.

     

    (a) A
      Global
      Capital Security may be exchanged, in whole or in part, for Definitive Capital
      Securities Certificates registered in the names of Owners only if such exchange
      complies with Article VIII and (i) the Depositary advises the Administrators
      and
      the Institutional Trustee in writing that the Depositary is no longer willing
      or
      able properly to discharge its responsibilities with respect to the Global
      Capital Security, and no qualified successor is appointed by the Administrators
      within ninety (90) days of receipt of such notice, (ii) the Depositary ceases
      to
      be a clearing agency registered under the Exchange Act and the Administrators
      fail to appoint a qualified successor within ninety (90) days of obtaining
      knowledge of such event, (iii) the Administrators at their option advise the
      Institutional Trustee in writing that the Trust elects to terminate the
      book-entry system through the Depositary or (iv) an Indenture Event of Default
      has occurred and is continuing. Upon the occurrence of any event specified
      in
      clause (i), (ii), (iii) or (iv) above, the Administrators shall notify the
      Depositary and instruct the Depositary to notify all Owners of Book-Entry
      Capital Securities and the Institutional Trustee of the occurrence of such
      event
      and of the availability of Definitive Capital Securities Certificates to Owners
      of the Capital Securities requesting the same. Upon the issuance of Definitive
      Capital Securities Certificates, the Administrators and the Institutional
      Trustee shall recognize the Holders of the Definitive Capital Securities
      Certificates as Holders. Notwithstanding the foregoing, if an Owner of a
      beneficial interest in a Global Capital Security wishes at any time to transfer
      an interest in such Global Capital Security to a Person other than a QIB, such
      transfer shall be effected, subject to the Applicable Depository Procedures,
      in
      accordance with the provisions of this Section 6.4 and Article VIII, and the
      transferee shall receive a Definitive Capital Securities Certificate in
      connection with such transfer. A holder of a Definitive Capital Securities
      Certificate that is a QIB may upon request, and in accordance with the
      provisions of this Section 6.4 and Article VIII, exchange such Definitive
      Capital Securities Certificate for a beneficial interest in a Global Capital
      Security.

     

    
      
        
        

      

      
        -32-

        
          

        

      

      
        
        

      

    

     

    (b) If
      any
      Global Capital Security is to be exchanged for Definitive Capital Securities
      Certificates or canceled in part, or if any Definitive Capital Securities
      Certificate is to be exchanged in whole or in part for any Global Capital
      Security, then either (i) such Global Capital Security shall be so surrendered
      for exchange or cancellation as provided in this Section 6.4 and Article VIII
      or
      (ii) the aggregate liquidation amount represented by such Global Capital
      Security shall be reduced, subject to Section 6.3, or increased by an amount
      equal to the liquidation amount represented by that portion of the Global
      Capital Security to be so exchanged or canceled, or equal to the liquidation
      amount represented by such Definitive Capital Securities Certificates to be
      so
      exchanged for any Global Capital Security, as the case may be, by means of
      an
      appropriate adjustment made on the records of the Securities Registrar,
      whereupon the Institutional Trustee, in accordance with the Applicable
      Depositary Procedures, shall instruct the Depositary or its authorized
      representative to make a corresponding adjustment to its records. Upon any
      such
      surrender to the Administrators or the Registrar of any Global Capital Security
      or Securities by the Depositary, accompanied by registration instructions,
      the
      Administrators, or any one of them, shall execute the Definitive Capital
      Securities Certificates in accordance with the instructions of the Depositary.
      None of the Registrar, Administrators, or the Institutional Trustee shall be
      liable for any delay in delivery of such instructions and may conclusively
      rely
      on, and shall be fully protected in relying on, such instructions.

     

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

     

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

     

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

     

    
      
        
        

      

      
        -33-

        
          

        

      

      
        
        

      

    

     

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

     

    SECTION
      6.5. Mutilated,
      Destroyed, Lost or Stolen Certificates.
      If: (a)
      any mutilated Certificates should be surrendered to the Registrar, or if the
      Registrar shall receive evidence to its satisfaction of the destruction, loss
      or
      theft of any Certificate; and (b) there shall be delivered to the Registrar,
      the
      Administrators and the Institutional Trustee such security or indemnity as
      may
      be required by them to hold each of them harmless; then, in the absence of
      notice that such Certificate shall have been acquired by a bona fide purchaser,
      an Administrator on behalf of the Trust shall execute (and in the case of a
      Capital Security Certificate, the Institutional Trustee shall authenticate)
      and
      deliver, in exchange for or in lieu of any such mutilated, destroyed, lost
      or
      stolen Certificate, a new Certificate of like denomination. In connection with
      the issuance of any new Certificate under this Section 6.5, the Registrar or
      the
      Administrators may require the payment of a sum sufficient to cover any tax
      or
      other governmental charge that may be imposed in connection therewith. Any
      duplicate Certificate issued pursuant to this Section shall constitute
      conclusive evidence of an ownership interest in the relevant Securities, as
      if
      originally issued, whether or not the lost, stolen or destroyed Certificate
      shall be found at any time.

     

    SECTION
      6.6. Temporary
      Securities.
      Until
      definitive Securities are ready for delivery, the Administrators may prepare
      and, in the case of the Capital Securities, the Institutional Trustee shall
      authenticate, temporary Securities. Temporary Securities shall be substantially
      in form of definitive Securities but may have variations that the Administrators
      consider appropriate for temporary Securities. Without unreasonable delay,
      the
      Administrators shall prepare and, in the case of the Capital Securities, the
      Institutional Trustee shall authenticate definitive Securities in exchange
      for
      temporary Securities.

     

    SECTION
      6.7. Cancellation.
      The
      Administrators at any time may deliver Securities to the Institutional Trustee
      for cancellation. The Registrar shall forward to the Institutional Trustee
      any
      Securities surrendered to it for registration of transfer, redemption or
      payment. The Institutional Trustee shall promptly cancel all Securities
      surrendered for registration of transfer, payment, replacement or cancellation
      and shall dispose of such canceled Securities in accordance with its standard
      procedures or otherwise as the Administrators direct. The Administrators may
      not
      issue new Securities to replace Securities that have been paid or, except for
      Securities surrendered for purposes of transfer or exchange, that have been
      delivered to the Institutional Trustee for cancellation.

     

    
      
        
        

      

      
        -34-

        
          

        

      

      
        
        

      

    

     

    SECTION
      6.8. Rights
      of Holders; Waivers of Past Defaults.
      

     

    (a) The
      legal
      title to the Trust Property is vested exclusively in the Institutional Trustee
      (in its capacity as such) in accordance with Section 2.6(g), and the Holders
      shall not have any right or title therein other than the undivided beneficial
      interest in the assets of the Trust conferred by their Securities and they
      shall
      have no right to call for any partition or division of property, profits or
      rights of the Trust except as described below. The Securities shall be personal
      property giving only the rights specifically set forth therein and in this
      Declaration. The Securities shall have no, and the issuance of the Securities
      shall not be subject to, preemptive or other similar rights and when issued
      and
      delivered to Holders against payment of the purchase price therefor, the
      Securities will be fully paid and nonassessable by the Trust.

     

    (b) For
      so
      long as any Capital Securities remain outstanding, if, upon an Indenture Event
      of Default under paragraphs (c), (e), (f) or (g) of Section 5.01 of the
      Indenture, the Debenture Trustee fails or the holders of not less than 25%
      in
      principal amount of the outstanding Debentures fail to declare the principal
      of
      all of the Debentures to be immediately due and payable, the Holders of not
      less
      than a Majority in liquidation amount of the Capital Securities then outstanding
      shall have the right to make such declaration by a notice in writing to the
      Institutional Trustee, the Sponsor and the Debenture Trustee.

     

    (c) Upon
      an
      Indenture Event of Default under paragraphs (c), (e), (f) or (g) of Section
      5.01
      of the Indenture, at any time after a declaration of acceleration of maturity
      of
      the Debentures has been made and before a judgment or decree for payment of
      the
      money due has been obtained by the Debenture Trustee as provided in the
      Indenture, if the Institutional Trustee, subject to the provisions hereof,
      fails
      to annul any such declaration and waive such default, the Holders of not less
      than a Majority in liquidation amount of the Capital Securities, by written
      notice to the Institutional Trustee, the Sponsor and the Debenture Trustee,
      may
      rescind and annul such declaration and its consequences if:

     

    (i) the
      Sponsor has paid or deposited with the Debenture Trustee a sum sufficient to
      pay

     

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

     

    (B) any
      accrued Deferred Interest on all of the Debentures;

     

    (C) all
      payments on any Debentures that have become due otherwise than by such
      declaration of acceleration and interest and Deferred Interest thereon at the
      rate borne by the Debentures; and

     

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

     

    (ii) all
      Events of Default with respect to the Debentures, other than the non-payment
      of
      the principal of or premium, if any, on the Debentures that has become due
      solely by such acceleration, have been cured or waived as provided in Section
      5.07 of the Indenture.

     

    
      
        
        

      

      
        -35-

        
          

        

      

      
        
        

      

    

     

    (d) The
      Holders of not less than a Majority in liquidation amount of the Capital
      Securities may, on behalf of the Holders of all the Capital Securities, waive
      any past default or Event of Default, except a default or Event of Default
      in
      the payment of principal of or premium, if any, or interest (unless such default
      or Event of Default has been cured and a sum sufficient to pay all matured
      installments of interest and principal due otherwise than by acceleration has
      been deposited with the Debenture Trustee) or a default or Event of Default
      in
      respect of a covenant or provision that under the Indenture cannot be modified
      or amended without the consent of the holder of each outstanding Debenture.
      No
      such rescission shall affect any subsequent default or impair any right
      consequent thereon.

     

    (e) Upon
      receipt by the Institutional Trustee of written notice declaring such an
      acceleration, or rescission and annulment thereof, by Holders of any part of
      the
      Capital Securities, a record date shall be established for determining Holders
      of outstanding Capital Securities entitled to join in such notice, which record
      date shall be at the close of business on the day the Institutional Trustee
      receives such notice. The Holders on such record date, or their duly designated
      proxies, and only such Persons, shall be entitled to join in such notice,
      whether or not such Holders remain Holders after such record date; provided,
      that, unless such declaration of acceleration, or rescission and annulment,
      as
      the case may be, shall have become effective by virtue of the requisite
      percentage having joined in such notice prior to the day that is 90 days after
      such record date, such notice of declaration of acceleration, or rescission
      and
      annulment, as the case may be, shall automatically and without further action
      by
      any Holder be canceled and of no further effect. Nothing in this paragraph
      shall
      prevent a Holder, or a proxy of a Holder, from giving, after expiration of
      such
      90-day period, a new written notice of declaration of acceleration, or
      rescission and annulment thereof, as the case may be, that is identical to
      a
      written notice that has been canceled pursuant to the proviso to the preceding
      sentence, in which event a new record date shall be established pursuant to
      the
      provisions of this Section 6.8.

     

    (f) Except
      as
      otherwise provided in this Section 6.8, the Holders of not less than a Majority
      in liquidation amount of the Capital Securities may, on behalf of the Holders
      of
      all the Capital Securities, waive any past default or Event of Default and
      its
      consequences. Upon such waiver, any such default or Event of Default shall
      cease
      to exist, and any default or Event of Default arising therefrom shall be deemed
      to have been cured, for every purpose of this Declaration, but no such waiver
      shall extend to any subsequent or other default or Event of Default or impair
      any right consequent thereon.

     

    ARTICLE
      VII

    DISSOLUTION
      AND TERMINATION OF TRUST

     

    SECTION
      7.1. Dissolution
      and Termination of Trust.

     

    (a) The
      Trust
      shall dissolve on the first to occur of

     

    (i) unless
      earlier dissolved, on September 15, 2043, the expiration of the term of the
      Trust;

     

    
      
        
        

      

      
        -36-

        
          

        

      

      
        
        

      

    

     

    (ii) a
      Bankruptcy Event with respect to the Sponsor, the Trust or the Debenture
      Issuer;

     

    (iii) (other
      than in connection with a merger, consolidation or similar transaction not
      prohibited by the Indenture, this Declaration or the Guarantee, as the case
      may
      be) the filing of a certificate of dissolution or its equivalent with respect
      to
      the Sponsor or upon the revocation of the charter of the Sponsor and the
      expiration of 90 days after the date of revocation without a reinstatement
      thereof;

     

    (iv) the
      distribution of all of the Debentures to the Holders of the Securities, upon
      exercise of the right of the Holders of all of the outstanding Common Securities
      to dissolve the Trust as provided in Annex I hereto;

     

    (v) the
      entry
      of a decree of judicial dissolution of any Holder of the Common Securities,
      the
      Sponsor, the Trust or the Debenture Issuer;

     

    (vi) when
      all
      of the Securities shall have been called for redemption and the amounts
      necessary for redemption thereof shall have been paid to the Holders in
      accordance with the terms of the Securities; or

     

    (vii) before
      the issuance of any Securities, with the consent of all of the Trustees and
      the
      Sponsor.

     

    (b) As
      soon
      as is practicable after the occurrence of an event referred to in Section
      7.1(a), and after satisfaction of liabilities to creditors of the Trust as
      required by applicable law, including Section 3808 of the Statutory Trust Act,
      and subject to the terms set forth in Annex I, the Institutional Trustee, when
      notified in writing of the completion of the winding up of the Trust in
      accordance with the Statutory Trust Act, shall terminate the Trust by filing,
      at
      the expense of the Sponsor, a certificate of cancellation with the Secretary
      of
      State of the State of Delaware.

     

    (c) The
      provisions of Section 2.9 and Article IX shall survive the termination of the
      Trust.

     

    ARTICLE
      VIII

    TRANSFER
      OF INTERESTS

     

    SECTION
      8.1. General.
      

     

    (a) Subject
      to Section 6.4 and Section 8.1(c), when Capital Securities are presented to
      the
      Registrar with a request to register a transfer or to exchange them for an
      equal
      number of Capital Securities represented by different Certificates, the
      Registrar shall register the transfer or make the exchange if the requirements
      provided for herein for such transactions are met. To permit registrations
      of
      transfers and exchanges, the Trust shall issue and the Institutional Trustee
      shall authenticate Capital Securities at the Registrar's request.

     

    
      
        
        

      

      
        -37-

        
          

        

      

      
        
        

      

    

     

    (b) Upon
      issuance of the Common Securities, the Sponsor shall acquire and retain
      beneficial and record ownership of the Common Securities and, for so long as
      the
      Securities remain outstanding, the Sponsor shall maintain 100% ownership of
      the
      Common Securities; provided, however, that any permitted successor of the
      Sponsor under the Indenture that is a U.S. Person may succeed to the Sponsor's
      ownership of the Common Securities.

     

    (c) Capital
      Securities may only be transferred, in whole or in part, in accordance with
      the
      terms and conditions set forth in this Declaration and in the terms of the
      Capital Securities. To the fullest extent permitted by applicable law, any
      transfer or purported transfer of any Security not made in accordance with
      this
      Declaration shall be null and void and will be deemed to be of no legal effect
      whatsoever and any such transferee shall be deemed not to be the holder of
      such
      Capital Securities for any purpose, including but not limited to the receipt
      of
      Distributions on such Capital Securities, and such transferee shall be deemed
      to
      have no interest whatsoever in such Capital Securities.

     

    (d) The
      Registrar shall provide for the registration of Securities and of transfers
      of
      Securities, which will be effected without charge but only upon payment (with
      such indemnity as the Registrar may require) in respect of any tax or other
      governmental charges that may be imposed in relation to it. Upon surrender
      for
      registration of transfer of any Securities, the Registrar shall cause one or
      more new Securities to be issued in the name of the designated transferee or
      transferees. Any Security issued upon any registration of transfer or exchange
      pursuant to the terms of this Declaration shall evidence the same Security
      and
      shall be entitled to the same benefits under this Declaration as the Security
      surrendered upon such registration of transfer or exchange. Every Security
      surrendered for registration of transfer shall be accompanied by a written
      instrument of transfer in form satisfactory to the Registrar duly executed
      by
      the Holder or such Holder's attorney duly authorized in writing. Each Security
      surrendered for registration of transfer shall be canceled by the Institutional
      Trustee pursuant to Section 6.7. A transferee of a Security shall be entitled
      to
      the rights and subject to the obligations of a Holder hereunder upon the receipt
      by such transferee of a Security. By acceptance of a Security, each transferee
      shall be deemed to have agreed to be bound by this Declaration.

     

    (e) Neither
      the Trust nor the Registrar shall be required (i) to issue, register the
      transfer of, or exchange any Securities during a period beginning at the opening
      of business 15 days before the day of any selection of Securities for redemption
      and ending at the close of business on the earliest date on which the relevant
      notice of redemption is deemed to have been given to all Holders of the
      Securities to be redeemed, or (ii) to register the transfer or exchange of
      any
      Security so selected for redemption in whole or in part, except the unredeemed
      portion of any Security being redeemed in part.

     

    SECTION
      8.2. Transfer
      Procedures and Restrictions.
      

     

    (a) The
      Capital Securities shall bear the Restricted Securities Legend (as defined
      below), which shall not be removed unless there is delivered to the Trust such
      satisfactory evidence, which may include an opinion of counsel reasonably
      acceptable to the Administrators and the Institutional Trustee, as may be
      reasonably required by the Trust or the Institutional Trustee, that neither
      the
      legend nor the restrictions on transfer set forth therein are required to ensure
      that transfers thereof comply with the provisions of the Securities Act or
      that
      such Securities are not "restricted" within the meaning of Rule 144 under the
      Securities Act. Upon provision of such satisfactory evidence, the Institutional
      Trustee, at the written direction of the Administrators, shall authenticate
      and
      deliver Capital Securities that do not bear the Restricted Securities Legend
      (other than the legend contemplated by Section 8.2(d)).

     

    
      
        
        

      

      
        -38-

        
          

        

      

      
        
        

      

    

     

    (b) When
      Capital Securities are presented to the Registrar (x) to register the transfer
      of such Capital Securities, or (y) to exchange such Capital Securities for
      an
      equal number of Capital Securities represented by different Certificates, the
      Registrar shall register the transfer or make the exchange as requested if
      its
      reasonable requirements for such transaction are met; provided,
      however,
      that
      the Capital Securities surrendered for registration of transfer or exchange
      shall be duly endorsed or accompanied by a written instrument of transfer in
      form reasonably satisfactory to the Administrators, the Institutional Trustee
      and the Registrar, duly executed by the Holder thereof or his attorney duly
      authorized in writing.

     

    (c) Except
      as
      permitted by Section 8.2(a), each Capital Security shall bear a legend (the
      "Restricted Securities Legend") in substantially the following
      form:

     

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

     

    UNLESS
      THIS CAPITAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO
      JACKSONVILLE
      BANCORP, INC. STATUTORY TRUST III
      OR ITS
      AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CAPITAL
      SECURITY ISSUED IS REGISTERED AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC (AND ANY PAYMENT HEREON IS MADE 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.

     

    
      
        
        

      

      
        -39-

        
          

        

      

      
        
        

      

    

     

    THIS
      SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS OR ANY OTHER APPLICABLE
      SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN
      MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
      DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION
      IS
      EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
      ACT. THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES TO OFFER,
      SELL
      OR OTHERWISE TRANSFER SUCH SECURITY ONLY (A) TO THE DEBENTURE ISSUER OR THE
      TRUST, (B) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT ("RULE 144A"), TO
      A
      PERSON THE HOLDER REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER"
      AS
      DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT
      OF A
      QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS
      BEING
      MADE IN RELIANCE ON RULE 144A, (C) TO A "NON U.S. PERSON" IN AN "OFFSHORE
      TRANSACTION" PURSUANT TO REGULATION S UNDER THE SECURITIES ACT, (D) PURSUANT
      TO
      AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT TO AN
      "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (a) (1), (2), (3)
      OR
      (7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THE SECURITY FOR
      ITS
      OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN "ACCREDITED INVESTOR," FOR INVESTMENT
      PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY
      DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, OR (E) PURSUANT TO ANOTHER
      AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT,
      SUBJECT TO THE DEBENTURE ISSUER'S AND THE TRUST'S RIGHT PRIOR TO ANY SUCH OFFER,
      SALE OR TRANSFER PURSUANT TO CLAUSES (D) OR (E) TO REQUIRE THE DELIVERY OF
      AN
      OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO
      EACH
      OF THEM IN ACCORDANCE WITH THE AMENDED AND RESTATED DECLARATION OF TRUST, A
      COPY
      OF WHICH MAY BE OBTAINED FROM THE DEBENTURE ISSUER OR THE TRUST. THE HOLDER
      OF
      THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES THAT IT WILL COMPLY WITH THE
      FOREGOING RESTRICTIONS.

     

    THE
      HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES, REPRESENTS AND WARRANTS
      THAT IT WILL NOT ENGAGE IN HEDGING TRANSACTIONS INVOLVING THIS SECURITY UNLESS
      SUCH TRANSACTIONS ARE IN COMPLIANCE WITH THE SECURITIES ACT OR AN APPLICABLE
      EXEMPTION THEREFROM.

     

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

     

    
      
        
        

      

      
        -40-

        
          

        

      

      
        
        

      

    

     

    IN
      CONNECTION WITH ANY TRANSFER, THE HOLDER OF THIS CERTIFICATE WILL DELIVER TO
      THE
      REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS MAY
      BE
      REQUIRED BY THE AMENDED AND RESTATED DECLARATION OF TRUST TO CONFIRM THAT THE
      TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

     

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

     

    (d) Capital
      Securities may only be transferred in minimum blocks of $100,000 aggregate
      liquidation amount (100 Capital Securities) and multiples of $1,000 in excess
      thereof. Any attempted transfer of Capital Securities in a block having an
      aggregate liquidation amount of less than $100,000 shall be deemed to be void
      and of no legal effect whatsoever. Any such purported transferee shall be deemed
      not to be a Holder of such Capital Securities for any purpose, including, but
      not limited to, the receipt of Distributions on such Capital Securities, and
      such purported transferee shall be deemed to have no interest whatsoever in
      such
      Capital Securities. 

     

    (e) Each
      party hereto understands and hereby agrees that the Initial Purchaser is
      intended solely to be an interim holder of the Capital Securities and is
      purchasing such securities to facilitate consummation of the transactions
      contemplated herein and in the documents ancillary hereto. Notwithstanding
      any
      provision in this Declaration to the contrary, the Initial Purchaser shall
      have
      the right upon notice (a "Transfer Notice") to the Institutional Trustee and
      the
      Sponsor to transfer title in and to the Capital Securities; provided the initial
      purchaser shall take reasonable steps to ensure that such transfer is exempt
      from registration under the Securities Act of 1933, as amended, and rules
      promulgated thereunder. Any Transfer Notice delivered to the Institutional
      Trustee and Sponsor pursuant to the preceding sentence shall indicate the
      aggregate liquidation amount of Capital Securities being transferred, the name
      and address of the transferee thereof (the "Transferee") and the date of such
      transfer. Notwithstanding any provision in this Declaration to the contrary,
      the
      transfer by the Initial Purchaser of title in and to the Capital Securities
      pursuant to a Transfer Notice shall not be subject to any requirement relating
      to Opinions of Counsel, Certificates of Transfer or any other Opinion or
      Certificate applicable to transfers hereunder and relating to Capital
      Securities.

     

    
      
        
        

      

      
        -41-

        
          

        

      

      
        
        

      

    

     

    (f) Neither
      the Institutional Trustee nor the Registrar shall be responsible for
      ascertaining whether any transfer hereunder complies with the registration
      provisions of or any exemptions from the Securities Act, applicable state
      securities laws or the applicable laws of any other jurisdiction, ERISA, the
      Code or the Investment Company Act.

     

    SECTION
      8.3. Deemed
      Security Holders.
      

     

    The
      Trust, the Administrators, the Trustees, the Paying Agent, the Transfer Agent
      or
      the Registrar may treat the Person in whose name any Certificate shall be
      registered on the books and records of the Trust as the sole holder of such
      Certificate and of the Securities represented by such Certificate for purposes
      of receiving Distributions and for all other purposes whatsoever and,
      accordingly, shall not be bound to recognize any equitable or other claim to
      or
      interest in such Certificate or in the Securities represented by such
      Certificate on the part of any Person, whether or not the Trust, the
      Administrators, the Trustees, the Paying Agent, the Transfer Agent or the
      Registrar shall have actual or other notice thereof.

     

    ARTICLE
      IX

    LIMITATION
      OF LIABILITY OF HOLDERS

    OF
      SECURITIES, TRUSTEES OR OTHERS

     

    SECTION
      9.1. Liability.

     

    (a) Except
      as
      expressly set forth in this Declaration, the Guarantee and the terms of the
      Securities, the Sponsor shall not be:

     

    (i) personally
      liable for the return of any portion of the capital contributions (or any return
      thereon) of the Holders of the Securities which shall be made solely from assets
      of the Trust; and

     

    (ii) required
      to pay to the Trust or to any Holder of the Securities any deficit upon
      dissolution of the Trust or otherwise.

     

    (b) The
      Holder of the Common Securities shall be liable for all of the debts and
      obligations of the Trust (other than with respect to the Securities) to the
      extent not satisfied out of the Trust's assets.

     

    (c) Except
      to
      the extent provided in Section 9.1(b), and pursuant to § 3803(a) of the
      Statutory Trust Act, the Holders of the Securities shall be entitled to the
      same
      limitation of personal liability extended to stockholders of private
      corporations for profit organized under the General Corporation Law of the
      State
      of Delaware, except as otherwise specifically set forth herein.

     

    
      
        
        

      

      
        -42-

        
          

        

      

      
        
        

      

    

     

    SECTION
      9.2. Exculpation.

     

    (a) No
      Indemnified Person shall be liable, responsible or accountable in damages or
      otherwise to the Trust or any Covered Person for any loss, damage or claim
      incurred by reason of any act or omission performed or omitted by such
      Indemnified Person in good faith on behalf of the Trust and in a manner such
      Indemnified Person reasonably believed to be within the scope of the authority
      conferred on such Indemnified Person by this Declaration or by law, except
      that
      an Indemnified Person (other than an Administrator) shall be liable for any
      such
      loss, damage or claim incurred by reason of such Indemnified Person's negligence
      or willful misconduct or bad faith with respect to such acts or omissions and
      except that an Administrator shall be liable for any such loss, damage or claim
      incurred by reason of such Administrator's gross negligence or willful
      misconduct or bad faith with respect to such acts or omissions.

     

    (b) An
      Indemnified Person shall be fully protected in relying in good faith upon the
      records of the Trust and upon such information, opinions, reports or statements
      presented to the Trust by any Person as to matters the Indemnified Person
      reasonably believes are within such other Person's professional or expert
      competence and, if selected by such Indemnified Person, has been selected by
      such Indemnified Person with reasonable care by or on behalf of the Trust,
      including information, opinions, reports or statements as to the value and
      amount of the assets, liabilities, profits, losses or any other facts pertinent
      to the existence and amount of assets from which Distributions to Holders of
      Securities might properly be paid.

     

    (c) It
      is
      expressly understood and agreed by the parties hereto that insofar as any
      document, agreement or certificate is executed on behalf of the Trust by any
      Trustee (i) such document, agreement or certificate is executed and delivered
      by
      such Trustee, not in its individual capacity, but solely as Trustee under this
      Declaration in the exercise of the powers and authority conferred and vested
      in
      it, (ii) each of the representations, undertakings and agreements made on the
      part of the Trust is made and intended not as representations, warranties,
      covenants, undertakings and agreements by any Trustee in its individual
      capacity, but is made and intended for the purpose of binding only the Trust
      and
      (iii) under no circumstances shall any Trustee in its individual capacity be
      personally liable for the payment of any indebtedness or expenses of the Trust
      or be liable for the breach or failure of any obligation, representation,
      warranty or covenant made or undertaken by the Trust under this Declaration
      or
      any other document, agreement or certificate.

     

    SECTION
      9.3. Fiduciary
      Duty.

     

    (a) To
      the
      extent that, at law or in equity, an Indemnified Person has duties (including
      fiduciary duties) and liabilities relating thereto to the Trust or to any other
      Covered Person, an Indemnified Person acting under this Declaration shall not
      be
      liable to the Trust or to any other Covered Person for its good faith reliance
      on the provisions of this Declaration. The provisions of this Declaration,
      to
      the extent that they restrict the duties and liabilities of an Indemnified
      Person otherwise existing at law or in equity (other than the duties imposed
      on
      the Institutional Trustee under the Trust Indenture Act), are agreed by the
      parties hereto to replace such other duties and liabilities of the Indemnified
      Person.

     

    
      
        
        

      

      
        -43-

        
          

        

      

      
        
        

      

    

     

    (b) Whenever
      in this Declaration an Indemnified Person is permitted or required to make
      a
      decision:

     

    (i) in
      its
      "discretion" or under a grant of similar authority, the Indemnified Person
      shall
      be entitled to consider such interests and factors as it desires, including
      its
      own interests, and shall have no duty or obligation to give any consideration
      to
      any interest of or factors affecting the Trust or any other Person;
      or

     

    (ii) in
      its
      "good faith" or under another express standard, the Indemnified Person shall
      act
      under such express standard and shall not be subject to any other or different
      standard imposed by this Declaration or by applicable law.

     

    SECTION
      9.4. Indemnification.

     

    (i) (a) (i) The
      Sponsor shall indemnify, to the fullest extent permitted by law, any Indemnified
      Person who was or is a party or is threatened to be made a party to any
      threatened, pending or completed action, suit or proceeding, whether civil,
      criminal, administrative or investigative (other than an action by or in the
      right of the Trust) by reason of the fact that such Person is or was an
      Indemnified Person against expenses (including attorneys' fees and expenses),
      judgments, fines and amounts paid in settlement actually and reasonably incurred
      by such Person in connection with such action, suit or proceeding if such Person
      acted in good faith and in a manner such Person reasonably believed to be in
      or
      not opposed to the best interests of the Trust, and, with respect to any
      criminal action or proceeding, had no reasonable cause to believe such conduct
      was unlawful. The termination of any action, suit or proceeding by judgment,
      order, settlement, conviction, or upon a plea of nolo contendere or its
      equivalent, shall not, of itself, create a presumption that the Indemnified
      Person did not act in good faith and in a manner which such Person reasonably
      believed to be in or not opposed to the best interests of the Trust, and, with
      respect to any criminal action or proceeding, had reasonable cause to believe
      that such conduct was unlawful.

     

    (ii) (ii) The
      Sponsor shall indemnify, to the fullest extent permitted by law, any Indemnified
      Person who was or is a party or is threatened to be made a party to any
      threatened, pending or completed action or suit by or in the right of the Trust
      to procure a judgment in its favor by reason of the fact that such Person is
      or
      was an Indemnified Person against expenses (including attorneys' fees and
      expenses) actually and reasonably incurred by such Person in connection with
      the
      defense or settlement of such action or suit if such Person acted in good faith
      and in a manner such Person reasonably believed to be in or not opposed to
      the
      best interests of the Trust and except that no such indemnification shall be
      made in respect of any claim, issue or matter as to which such Indemnified
      Person shall have been adjudged to be liable to the Trust, unless and only
      to
      the extent that the Court of Chancery of Delaware or the court in which such
      action or suit was brought shall determine upon application that, despite the
      adjudication of liability but in view of all the circumstances of the case,
      such
      Person is fairly and reasonably entitled to indemnity for such expenses which
      such Court of Chancery or such other court shall deem proper.

     

    
      
        
        

      

      
        -44-

        
          

        

      

      
        
        

      

    

     

    (iii) (iii) To
      the
      extent that an Indemnified Person shall be successful on the merits or otherwise
      (including dismissal of an action without prejudice or the settlement of an
      action without admission of liability) in defense of any action, suit or
      proceeding referred to in paragraphs (i) and (ii) of this Section 9.4(a), or
      in
      defense of any claim, issue or matter therein, such Person shall be indemnified,
      to the fullest extent permitted by law, against expenses (including attorneys'
      fees and expenses) actually and reasonably incurred by such Person in connection
      therewith.

     

    (iv) (iv) Any
      indemnification of an Administrator under paragraphs (i) and (ii) of this
      Section 9.4(a) (unless ordered by a court) shall be made by the Sponsor only
      as
      authorized in the specific case upon a determination that indemnification of
      the
      Indemnified Person is proper in the circumstances because such Person has met
      the applicable standard of conduct set forth in paragraphs (i) and (ii). Such
      determination shall be made (A) by the Administrators by a majority vote of
      a
      Quorum consisting of such Administrators who were not parties to such action,
      suit or proceeding, (B) if such a Quorum is not obtainable, or, even if
      obtainable, if a Quorum of disinterested Administrators so directs, by
      independent legal counsel in a written opinion, or (C) by the Common Security
      Holder of the Trust.

     

    (v) (v) To
      the
      fullest extent permitted by law, expenses (including attorneys' fees and
      expenses) incurred by an Indemnified Person in defending a civil, criminal,
      administrative or investigative action, suit or proceeding referred to in
      paragraphs (i) and (ii) of this Section 9.4(a) shall be paid by the Sponsor
      in
      advance of the final disposition of such action, suit or proceeding upon receipt
      of an undertaking by or on behalf of such Indemnified Person to repay such
      amount if it shall ultimately be determined that such Person is not entitled
      to
      be indemnified by the Sponsor as authorized in this Section 9.4(a).
      Notwithstanding the foregoing, no advance shall be made by the Sponsor if a
      determination is reasonably and promptly made (1) in the case of a Company
      Indemnified Person (A) by the Administrators by a majority vote of a Quorum
      of
      disinterested Administrators, (B) if such a Quorum is not obtainable, or, even
      if obtainable, if a Quorum of disinterested Administrators so directs, by
      independent legal counsel in a written opinion or (C) by the Common Security
      Holder of the Trust, that, based upon the facts known to the Administrators,
      counsel or the Common Security Holder at the time such determination is made,
      such Indemnified Person acted in bad faith or in a manner that such Person
      either believed to be opposed to or did not believe to be in the best interests
      of the Trust, or, with respect to any criminal proceeding, that such Indemnified
      Person believed or had reasonable cause to believe such conduct was unlawful,
      or
      (2) in the case of a Fiduciary Indemnified Person, by independent legal counsel
      in a written opinion that, based upon the facts known to the counsel at the
      time
      such determination is made, such Indemnified Person acted in bad faith or in
      a
      manner that such Indemnified Person either believed to be opposed to or did
      not
      believe to be in the best interests of the Trust, or, with respect to any
      criminal proceeding, that such Indemnified Person believed or had reasonable
      cause to believe such conduct was unlawful. In no event shall any advance be
      made (i) to a Company Indemnified Person in instances where the Administrators,
      independent legal counsel or the Common Security Holder reasonably determine
      that such Person deliberately breached such Person's duty to the Trust or its
      Common or Capital Security Holders or (ii) to a Fiduciary Indemnified Person
      in
      instances where independent legal counsel promptly and reasonably determines
      in
      a written opinion that such Person deliberately breached such Person's duty
      to
      the Trust or its Common or Capital Security Holders.

     

    
      
        
        

      

      
        -45-

        
          

        

      

      
        
        

      

    

     

    (c) (b) The
      Sponsor shall indemnify, to the fullest extent permitted by applicable law,
      each
      Indemnified Person from and against any and all loss, damage, liability, tax
      (other than taxes based on the income of such Indemnified Person), penalty,
      expense or claim of any kind or nature whatsoever incurred by such Indemnified
      Person arising out of or in connection with or by reason of the creation,
      administration or termination of the Trust, or any act or omission of such
      Indemnified Person in good faith on behalf of the Trust and in a manner such
      Indemnified Person reasonably believed to be within the scope of authority
      conferred on such Indemnified Person by this Declaration, except that no
      Indemnified Person shall be entitled to be indemnified in respect of any loss,
      damage, liability, tax, penalty, expense or claim incurred by such Indemnified
      Person by reason of negligence, willful misconduct or bad faith with respect
      to
      such acts or omissions.

     

    (d) (c) The
      indemnification and advancement of expenses provided by, or granted pursuant
      to,
      the other paragraphs of this Section 9.4 shall not be deemed exclusive of any
      other rights to which those seeking indemnification and advancement of expenses
      may be entitled under any agreement, vote of stockholders or disinterested
      directors of the Sponsor or Capital Security Holders of the Trust or otherwise,
      both as to action in such Person's official capacity and as to action in another
      capacity while holding such office. All rights to indemnification under this
      Section 9.4 shall be deemed to be provided by a contract between the Sponsor
      and
      each Indemnified Person who serves in such capacity at any time while this
      Section 9.4 is in effect. Any repeal or modification of this Section 9.4 shall
      not affect any rights or obligations then existing.

     

    (e) (d) The
      Sponsor or the Trust may purchase and maintain insurance on behalf of any Person
      who is or was an Indemnified Person against any liability asserted against
      such
      Person and incurred by such Person in any such capacity, or arising out of
      such
      Person's status as such, whether or not the Sponsor would have the power to
      indemnify such Person against such liability under the provisions of this
      Section 9.4.

     

    (f) (e) For
      purposes of this Section 9.4, references to "the Trust" shall include, in
      addition to the resulting or surviving entity, any constituent entity (including
      any constituent of a constituent) absorbed in a consolidation or merger, so
      that
      any Person who is or was a director, trustee, officer or employee of such
      constituent entity, or is or was serving at the request of such constituent
      entity as a director, trustee, officer, employee or agent of another entity,
      shall stand in the same position under the provisions of this Section 9.4 with
      respect to the resulting or surviving entity as such Person would have with
      respect to such constituent entity if its separate existence had
      continued.

     

    
      
        
        

      

      
        -46-

        
          

        

      

      
        
        

      

    

     

    (g) (f) The
      indemnification and advancement of expenses provided by, or granted pursuant
      to,
      this Section 9.4 shall, unless otherwise provided when authorized or ratified,
      continue as to a Person who has ceased to be an Indemnified Person and shall
      inure to the benefit of the heirs, executors and administrators of such a
      Person.

     

    (h) (g) The
      provisions of this Section 9.4 shall survive the termination of this Declaration
      or the earlier resignation or removal of the Institutional Trustee. The
      obligations of the Sponsor under this Section 9.4 to compensate and indemnify
      the Trustees and to pay or reimburse the Trustees for expenses, disbursements
      and advances shall constitute additional indebtedness hereunder. Such additional
      indebtedness shall be secured by a lien prior to that of the Securities upon
      all
      property and funds held or collected by the Trustees as such, except funds
      held
      in trust for the benefit of the holders of particular Capital Securities,
provided,
      that
      the Sponsor is the holder of the Common Securities.

     

    SECTION
      9.5. Outside
      Businesses.
      Any
      Covered Person, the Sponsor, the Delaware Trustee and the Institutional Trustee
      (subject to Section 4.3(c)) may engage in or possess an interest in other
      business ventures of any nature or description, independently or with others,
      similar or dissimilar to the business of the Trust, and the Trust and the
      Holders of Securities shall have no rights by virtue of this Declaration in
      and
      to such independent ventures or the income or profits derived therefrom, and
      the
      pursuit of any such venture, even if competitive with the business of the Trust,
      shall not be deemed wrongful or improper. None of any Covered Person, the
      Sponsor, the Delaware Trustee or the Institutional Trustee shall be obligated
      to
      present any particular investment or other opportunity to the Trust even if
      such
      opportunity is of a character that, if presented to the Trust, could be taken
      by
      the Trust, and any Covered Person, the Sponsor, the Delaware Trustee and the
      Institutional Trustee shall have the right to take for its own account
      (individually or as a partner or fiduciary) or to recommend to others any such
      particular investment or other opportunity. Any Covered Person, the Delaware
      Trustee and the Institutional Trustee may engage or be interested in any
      financial or other transaction with the Sponsor or any Affiliate of the Sponsor,
      or may act as depositary for, trustee or agent for, or act on any committee
      or
      body of holders of, securities or other obligations of the Sponsor or its
      Affiliates.

     

    SECTION
      9.6. Compensation;
      Fee.

     

    (a) Subject
      to the provisions set forth in the Fee Agreement among the Institutional
      Trustee, Wells Fargo Delaware Trust Company and the Company of even date
      herewith, the Sponsor agrees:

     

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

     

    
      
        
        

      

      
        -47-

        
          

        

      

      
        
        

      

    

     

    (ii) except
      as
      otherwise expressly provided herein or in the Fee Agreement, to reimburse the
      Trustees upon request for all reasonable, documented expenses, disbursements
      and
      advances incurred or made by the Trustees in accordance with any provision
      of
      this Declaration (including the reasonable compensation and the expenses and
      disbursements of their respective agents and counsel), except any such expense,
      disbursement or advance attributable to their negligence or willful
      misconduct.

     

    (b) The
      provisions of this Section 9.6 shall survive the dissolution of the Trust and
      the termination of this Declaration and the removal or resignation of any
      Trustee.

     

    ARTICLE
      X

    ACCOUNTING

     

    SECTION
      10.1. Fiscal
      Year.
      The
      fiscal year (the "Fiscal Year") of the Trust shall be the calendar year, or
      such
      other year as is required by the Code.

     

    SECTION
      10.2. Certain
      Accounting Matters.
      

     

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

     

    (b) The
      Administrators shall either (i) cause each Form 10-K and Form 10-Q prepared
      by
      the Sponsor and filed with the Commission in accordance with the Exchange Act
      to
      be delivered directly to each Holder of Securities, within 90 days after the
      filing of each Form 10-K and within 30 days after the filing of each Form 10-Q
      or (ii) cause to be prepared at the principal office of the Trust in the United
      States, as defined for purposes of Treasury Regulations § 301.7701-7, and
      delivered directly to each of the Holders of Securities, within 90 days after
      the end of each Fiscal Year of the Trust, annual financial statements of the
      Trust, including a balance sheet of the Trust as of the end of such Fiscal
      Year,
      and the related statements of income or loss.

     

    (c) The
      Administrators shall cause to be duly prepared and delivered to each of the
      Holders of Securities Form 1099 or such other annual United States federal
      income tax information statement required by the Code, containing such
      information with regard to the Securities held by each Holder as is required
      by
      the Code and the Treasury Regulations. Notwithstanding any right under the
      Code
      to deliver any such statement at a later date, the Administrators shall endeavor
      to deliver all such statements within 30 days after the end of each Fiscal
      Year
      of the Trust.

     

    (d) The
      Administrators shall cause to be duly prepared in the United States, as defined
      for purposes of Treasury Regulations § 301.7701-7, and filed an annual United
      States federal income tax return on a Form 1041 or such other form required
      by
      United States federal income tax law, and any other annual income tax returns
      required to be filed by the Administrators on behalf of the Trust with any
      state
      or local taxing authority.

     

    
      
        
        

      

      
        -48-

        
          

        

      

      
        
        

      

    

     

    (e) The
      Administrators will cause the Sponsor's regulatory reports to be delivered
      to
      the Holder promptly following their filing with the Federal
      Reserve.

     

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

     

    SECTION
      10.4. Withholding.
      The
      Institutional Trustee or any Paying Agent and the Administrators shall comply
      with all withholding requirements under United States federal, state and local
      law. As a condition to the payment of any principal of or interest on any Debt
      Security without the imposition of withholding tax, the Institutional Trustee
      or
      any Paying Agent shall require the previous delivery of properly completed
      and
      signed applicable U.S. federal income tax certifications (generally, an Internal
      Revenue Service Form W-9 (or applicable successor form) in the case of a person
      that is a "United States person" within the meaning of Section 7701(a)(30)
      of
      the Code or an Internal Revenue Service Form W-8 (or applicable successor form)
      in the case of a person that is not a "United States person" within the meaning
      of Section 7701(a)(30) of the Code) and any other certification acceptable
      to it
      to enable the Institutional Trustee or any Paying Agent to determine their
      respective duties and liabilities with respect to any taxes or other charges
      that they may be required to pay, deduct or withhold in respect of such Debt
      Security or the holder of such Debt Security under any present or future law
      or
      regulation of the United States or any political subdivision thereof or taxing
      authority therein or to comply with any reporting or other requirements under
      any such law or regulation. The Administrators shall file required forms with
      applicable jurisdictions and, unless an exemption from withholding is properly
      established by a Holder, shall remit amounts withheld with respect to the Holder
      to applicable jurisdictions. To the extent that the Institutional Trustee or
      any
      Paying Agent is required to withhold and pay over any amounts to any authority
      with respect to distributions or allocations to any Holder, the amount withheld
      shall be deemed to be a Distribution to the Holder in the amount of the
      withholding. In the event of any claimed overwithholding, Holders shall be
      limited to an action against the applicable jurisdiction. If the amount required
      to be withheld was not withheld from actual Distributions made, the
      Institutional Trustee or any Paying Agent may reduce subsequent Distributions
      by
      the amount of such withholding.

     

    ARTICLE
      XI

    AMENDMENTS
      AND MEETINGS

     

    SECTION
      11.1. Amendments.

     

    (a) Except
      as
      otherwise provided in this Declaration or by any applicable terms of the
      Securities, this Declaration may only be amended by a written instrument
      approved and executed by:

     

    (i) the
      Institutional Trustee,

     

    
      
        
        

      

      
        -49-

        
          

        

      

      
        
        

      

    

     

    (ii) if
      the
      amendment affects the rights, powers, duties, obligations or immunities of
      the
      Delaware Trustee, the Delaware Trustee,

     

    (iii) if
      the
      amendment affects the rights, powers, duties, obligations or immunities of
      the
      Administrators, the Administrators, and

     

    (iv) the
      Holders of a Majority in liquidation amount of the Common
      Securities.

     

    (b) Notwithstanding
      any other provision of this Article XI, no amendment shall be made, and any
      such
      purported amendment shall be void and ineffective:

     

    (i) unless
      the Institutional Trustee shall have first received

     

    (A) an
      Officers' Certificate from each of the Trust and the Sponsor that such amendment
      is permitted by, and conforms to, the terms of this Declaration (including
      the
      terms of the Securities); and

     

    (B) an
      opinion of counsel (who may be counsel to the Sponsor or the Trust) that such
      amendment is permitted by, and conforms to, the terms of this Declaration
      (including the terms of the Securities) and that all conditions precedent to
      the
      execution and delivery of such amendment have been satisfied; or

     

    (ii) if
      the
      result of such amendment would be to

     

    (A) cause
      the
      Trust to cease to be classified for purposes of United States federal income
      taxation as a grantor trust;

     

    (B) reduce
      or
      otherwise adversely affect the powers of the Institutional Trustee in
      contravention of the Trust Indenture Act;

     

    (C) cause
      the
      Trust to be deemed to be an Investment Company required to be registered under
      the Investment Company Act; or

     

    (D) cause
      the
      Debenture Issuer to be unable to treat an amount equal to the Liquidation Amount
      of the Capital Securities as "Tier 1 Capital" for purposes of the capital
      adequacy guidelines of (x) the Federal Reserve (or, if the Debenture Issuer
      is
      not a bank holding company, such guidelines or policies applied to the Debenture
      Issuer as if the Debenture Issuer were subject to such guidelines of policies)
      or of (y) any other regulatory authority having jurisdiction over the Debenture
      Issuer.

     

    (c) Except
      as
      provided in Section 11.1(d), (e) or (g), no amendment shall be made, and any
      such purported amendment shall be void and ineffective, unless the Holders
      of a
      Majority in liquidation amount of the Capital Securities shall have consented
      to
      such amendment.

     

    
      
        
        

      

      
        -50-

        
          

        

      

      
        
        

      

    

     

    (d) In
      addition to and notwithstanding any other provision in this Declaration, without
      the consent of each affected Holder, this Declaration may not be amended to
      (i)
      change the amount or timing of any Distribution on the Securities or any
      redemption or liquidation provisions applicable to the Securities or otherwise
      adversely affect the amount of any Distribution required to be made in respect
      of the Securities as of a specified date or (ii) restrict the right of a Holder
      to institute suit for the enforcement of any such payment on or after such
      date.

     

    (e) Sections
      9.1(b)
      and 9.1(c) and this Section 11.1 shall not be amended without the consent of
      all
      of the Holders of the Securities.

     

    (f) The
      rights of the Holders of the Capital Securities and Common Securities, as
      applicable, under Article IV to increase or decrease the number of, and appoint
      and remove, Trustees shall not be amended without the consent of the Holders
      of
      a Majority in liquidation amount of the Capital Securities or Common Securities,
      as applicable.

     

    (g) Subject
      to Section 11.1(a)(ii), this Declaration may be amended by the Institutional
      Trustee and the Holder of a Majority in liquidation amount of the Common
      Securities without the consent of the Holders of the Capital Securities
      to:

     

    (i) cure
      any
      ambiguity;

     

    (ii) correct
      or supplement any provision in this Declaration that may be defective or
      inconsistent with any other provision of this Declaration;

     

    (iii) add
      to
      the covenants, restrictions or obligations of the Sponsor; or

     

    (iv) modify,
      eliminate or add to any provision of this Declaration to such extent as may
      be
      necessary or desirable, including, without limitation, to ensure that the Trust
      will be classified for United States federal income tax purposes at all times
      as
      a grantor trust and will not be required to register as an Investment Company
      under the Investment Company Act (including without limitation to conform to
      any
      change in Rule 3a-5, Rule 3a-7 or any other applicable rule under the Investment
      Company Act or written change in interpretation or application thereof by any
      legislative body, court, government agency or regulatory authority) which
      amendment does not have a material adverse effect on the right, preferences
      or
      privileges of the Holders of Securities;

     

    provided,
      however,
      that no
      such modification, elimination or addition referred to in clauses (i), (ii),
      (iii) or (iv) shall adversely affect the powers, preferences or rights of
      Holders of Capital Securities.

     

    
      
        
        

      

      
        -51-

        
          

        

      

      
        
        

      

    

     

    SECTION
      11.2. Meetings
      of the Holders of the Securities; Action by Written Consent.
      

     

    (a) Meetings
      of the Holders of any class of Securities may be called at any time by the
      Administrators (or as provided in the terms of the Securities) to consider
      and
      act on any matter on which Holders of such class of Securities are entitled
      to
      act under the terms of this Declaration, the terms of the Securities or the
      rules of any stock exchange on which the Capital Securities are listed or
      admitted for trading, if any. The Administrators shall call a meeting of the
      Holders of such class if directed to do so by the Holders of not less than
      10%
      in liquidation amount of such class of Securities. Such direction shall be
      given
      by delivering to the Administrators one or more notices in a writing stating
      that the signing Holders of the Securities wish to call a meeting and indicating
      the general or specific purpose for which the meeting is to be called. Any
      Holders of the Securities calling a meeting shall specify in writing the
      Certificates held by the Holders of the Securities exercising the right to
      call
      a meeting and only those Securities represented by such Certificates shall
      be
      counted for purposes of determining whether the required percentage set forth
      in
      the second sentence of this paragraph has been met.

     

    (b) Except
      to
      the extent otherwise provided in the terms of the Securities, the following
      provisions shall apply to meetings of Holders of the Securities:

     

    (i) notice
      of
      any such meeting shall be given to all the Holders of the Securities having
      a
      right to vote thereat at least 7 days and not more than 60 days before the
      date
      of such meeting. Whenever a vote, consent or approval of the Holders of the
      Securities is permitted or required under this Declaration or the rules of
      any
      stock exchange on which the Capital Securities are listed or admitted for
      trading, if any, such vote, consent or approval may be given at a meeting of
      the
      Holders of the Securities. Any action that may be taken at a meeting of the
      Holders of the Securities may be taken without a meeting if a consent in writing
      setting forth the action so taken is signed by the Holders of the Securities
      owning not less than the minimum amount of Securities that would be necessary
      to
      authorize or take such action at a meeting at which all Holders of the
      Securities having a right to vote thereon were present and voting. Prompt notice
      of the taking of action without a meeting shall be given to the Holders of
      the
      Securities entitled to vote who have not consented in writing. The
      Administrators may specify that any written ballot submitted to the Holders
      of
      the Securities for the purpose of taking any action without a meeting shall
      be
      returned to the Trust within the time specified by the
      Administrators;

     

    (ii) each
      Holder of a Security may authorize any Person to act for it by proxy on all
      matters in which a Holder of Securities is entitled to participate, including
      waiving notice of any meeting, or voting or participating at a meeting. No
      proxy
      shall be valid after the expiration of 11 months from the date thereof unless
      otherwise provided in the proxy. Every proxy shall be revocable at the pleasure
      of the Holder of the Securities executing it. Except as otherwise provided
      herein, all matters relating to the giving, voting or validity of proxies shall
      be governed by the General Corporation Law of the State of Delaware relating
      to
      proxies, and judicial interpretations thereunder, as if the Trust were a
      Delaware corporation and the Holders of the Securities were stockholders of
      a
      Delaware corporation; each meeting of the Holders of the Securities shall be
      conducted by the Administrators or by such other Person that the Administrators
      may designate; and

     

    
      
        
        

      

      
        -52-

        
          

        

      

      
        
        

      

    

     

    (iii) unless
      the Statutory Trust Act, this Declaration, the terms of the Securities, the
      Trust Indenture Act or the listing rules of any stock exchange on which the
      Capital Securities are then listed for trading, if any, otherwise provides,
      the
      Administrators, in their sole discretion, shall establish all other provisions
      relating to meetings of Holders of Securities, including notice of the time,
      place or purpose of any meeting at which any matter is to be voted on by any
      Holders of the Securities, waiver of any such notice, action by consent without
      a meeting, the establishment of a record date, quorum requirements, voting
      in
      person or by proxy or any other matter with respect to the exercise of any
      such
      right to vote; provided,
      however,
      that
      each meeting shall be conducted in the United States (as that term is defined
      in
      Treasury Regulations § 301.7701-7).

     

    ARTICLE
      XII

    REPRESENTATIONS
      OF INSTITUTIONAL TRUSTEE

    AND
      DELAWARE TRUSTEE

     

    SECTION
      12.1. Representations
      and Warranties of Institutional Trustee.
      The
      Trustee that acts as initial Institutional Trustee represents and warrants
      to
      the Trust and to the Sponsor at the date of this Declaration, and each Successor
      Institutional Trustee represents and warrants to the Trust and the Sponsor
      at
      the time of the Successor Institutional Trustee's acceptance of its appointment
      as Institutional Trustee, that:

     

    (a) the
      Institutional Trustee is a national association with trust powers, duly
      organized and validly existing under the laws of the United States of America,
      respectively, with trust power and authority to execute and deliver, and to
      carry out and perform its obligations under the terms of, this
      Declaration;

     

    (b) the
      Institutional Trustee has a combined capital and surplus of at least fifty
      million U.S. dollars ($50,000,000);

     

    (c) the
      Institutional Trustee is not an affiliate of the Sponsor, nor does the
      Institutional Trustee offer or provide credit or credit enhancement to the
      Trust;

     

    (d) the
      execution, delivery and performance by the Institutional Trustee of this
      Declaration has been duly authorized by all necessary action on the part of
      the
      Institutional Trustee. This Declaration has been duly executed and delivered
      by
      the Institutional Trustee, and under Delaware law (excluding any securities
      laws) constitutes a legal, valid and binding obligation of the Institutional
      Trustee, enforceable against it in accordance with its terms, subject to
      applicable bankruptcy, reorganization, moratorium, insolvency and other similar
      laws affecting creditors' rights generally and to general principles of equity
      and the discretion of the court (regardless of whether considered in a
      proceeding in equity or at law);

     

    (e) the
      execution, delivery and performance of this Declaration by the Institutional
      Trustee does not conflict with or constitute a breach of the charter or by-laws
      of the Institutional Trustee; and

     

    (f) no
      consent, approval or authorization of, or registration with or notice to, any
      state or federal banking authority governing the trust powers of the
      Institutional Trustee is required for the execution, delivery or performance
      by
      the Institutional Trustee of this Declaration.

     

    
      
        
        

      

      
        -53-

        
          

        

      

      
        
        

      

    

     

    SECTION
      12.2. Representations
      and Warranties of Delaware Trustee.
      The
      Trustee that acts as initial Delaware Trustee represents and warrants to the
      Trust and to the Sponsor at the date of this Declaration, and each Successor
      Delaware Trustee represents and warrants to the Trust and the Sponsor at the
      time of the Successor Delaware Trustee's acceptance of its appointment as
      Delaware Trustee that:

     

    (a) if
      it is
      not a natural person, the Delaware Trustee is duly organized, validly existing
      and has its principal place of business in the State of Delaware;

     

    (b) if
      it is
      not a natural person, the execution, delivery and performance by the Delaware
      Trustee of this Declaration has been duly authorized by all necessary corporate
      action on the part of the Delaware Trustee. This Declaration has been duly
      executed and delivered by the Delaware Trustee, and under Delaware law
      (excluding any securities laws) constitutes a legal, valid and binding
      obligation of the Delaware Trustee, enforceable against it in accordance with
      its terms, subject to applicable bankruptcy, reorganization, moratorium,
      insolvency and other similar laws affecting creditors' rights generally and
      to
      general principles of equity and the discretion of the court (regardless of
      whether considered in a proceeding in equity or at law);

     

    (c) if
      it is
      not a natural person, the execution, delivery and performance of this
      Declaration by the Delaware Trustee does not conflict with or constitute a
      breach of the articles of association or by-laws of the Delaware
      Trustee;

     

    (d) it
      has
      trust power and authority to execute and deliver, and to carry out and perform
      its obligations under the terms of, this Declaration;

     

    (e) no
      consent, approval or authorization of, or registration with or notice to, any
      state or federal banking authority governing the trust powers of the Delaware
      Trustee is required for the execution, delivery or performance by the Delaware
      Trustee of this Declaration; and

     

    (f) if
      the
      Delaware Trustee is a natural person, he or she is a resident of the State
      of
      Delaware.

     

    ARTICLE
      XIII

    MISCELLANEOUS

     

    SECTION
      13.1. Notices.
      All
      notices provided for in this Declaration shall be in writing, duly signed by
      the
      party giving such notice, and shall be delivered, telecopied (which telecopy
      shall be followed by notice delivered or mailed by first class mail) or mailed
      by first class mail, as follows:

     

    (a) if
      given
      to the Trust, in care of the Administrators at the Trust's mailing address
      set
      forth below (or such other address as the Trust may give notice of to the
      Holders of the Securities):

     

    
      
        
        

      

      
        -54-

        
          

        

      

      
        
        

      

    

     

    Jacksonville
      Bancorp, Inc. Statutory Trust III

    c/o
      Jacksonville Bancorp, Inc.

    100
      North
      Laura Street, Suite 1000

    Jacksonville,
      Florida 32202

    Attention:
      Valerie A. Kendall

    Telecopy:
      (904) 421-3078

    Telephone:
      (904) 421-3061

     

    (b) if
      given
      to the Delaware Trustee, at the mailing address set forth below (or such other
      address as the Delaware Trustee may give notice of to the Holders of the
      Securities):

     

    Wells
      Fargo Delaware Trust Company

    919
      North
      Market Street, Suite 1600

    Wilmington,
      DE 19801

    Attention:
      Corporate Trust Division

    Telecopy:
      302-575-2006

    Telephone:
      302-575-2005

     

    (c) if
      given
      to the Institutional Trustee, at the Institutional Trustee's mailing address
      set
      forth below (or such other address as the Institutional Trustee may give notice
      of to the Holders of the Securities):

     

    Wells
      Fargo Bank, National Association

    919
      North
      Market Street, Suite 1600

    Wilmington,
      DE 19801

    Attention:
      Corporate Trust Division

    Telecopy:
      302-575-2006

    Telephone:
      302-575-2005

    

    (d) if
      given
      to the Holder of the Common Securities, at the mailing address of the Sponsor
      set forth below (or such other address as the Holder of the Common Securities
      may give notice of to the Trust):

     

    Jacksonville
      Bancorp, Inc.

    100
      North
      Laura Street, Suite 1000

    Jacksonville,
      Florida 32202

    Attention:
      Valerie A. Kendall

    Telecopy:
      (904) 421-3078

    Telephone:
      (904) 421-3061

     

    (e) if
      given
      to any other Holder, at the address set forth on the books and records of the
      Trust.

     

    All
      such
      notices shall be deemed to have been given when received in person, telecopied
      with receipt confirmed, or mailed by first class mail, postage prepaid, except
      that if a notice or other document is refused delivery or cannot be delivered
      because of a changed address of which no notice was given, such notice or other
      document shall be deemed to have been delivered on the date of such refusal
      or
      inability to deliver.

     

    
      
        
        

      

      
        -55-

        
          

        

      

      
        
        

      

    

     

    SECTION
      13.2. Governing
      Law.
      This
      Declaration and the rights and obligations of the parties hereunder shall be
      governed by and interpreted in accordance with the law of the State of Delaware
      and all rights, obligations and remedies shall be governed by such laws without
      regard to the principles of conflict of laws of the State of Delaware or any
      other jurisdiction that would call for the application of the law of any
      jurisdiction other than the State of Delaware.

     

    SECTION
      13.3. Submission
      to Jurisdiction.
      

     

    (a) Each
      of
      the parties hereto agrees that any suit, action or proceeding arising out of
      or
      based upon this Declaration, or the transactions contemplated hereby, may be
      instituted in any of the state or federal courts of the State of New York
      located in the Borough of Manhattan, City and State of New York, and further
      agrees to submit to the jurisdiction of Delaware, and to any actions that are
      instituted in state or Federal court in Wilmington, Delaware and any competent
      court in the place of its corporate domicile in respect of actions brought
      against it as a defendant. In addition, each such party irrevocably waives,
      to
      the fullest extent permitted by law, any objection which it may now or hereafter
      have to the laying of the venue of such suit, action or proceeding brought
      in
      any such court and irrevocably waives any claim that any such suit, action
      or
      proceeding brought in any such court has been brought in an inconvenient forum
      and irrevocably waives any right to which it may be entitled on account of
      its
      place of corporate domicile. Each such party hereby irrevocably waives any
      and
      all right to trial by jury in any legal proceeding arising out of or relating
      to
      this Declaration or the transactions contemplated hereby. Each such party agrees
      that final judgment in any proceedings brought in such a court shall be
      conclusive and binding upon it and may be enforced in any court to the
      jurisdiction of which it is subject by a suit upon such judgment.

     

    (b) Each
      of
      the Sponsor, the Trustees, the Administrators and the Holder of the Common
      Securities irrevocably consents to the service of process on it in any such
      suit, action or proceeding by the mailing thereof by registered or certified
      mail, postage prepaid, to it at its address given in or pursuant to Section
      13.1
      hereof.

     

    (c) To
      the
      extent permitted by law, nothing herein contained shall preclude any party
      from
      effecting service of process in any lawful manner or from bringing any suit,
      action or proceeding in respect of this Declaration in any other state, country
      or place.

     

    SECTION
      13.4. Intention
      of the Parties.
      It is
      the intention of the parties hereto that the Trust be classified for United
      States federal income tax purposes as a grantor trust. The provisions of this
      Declaration shall be interpreted to further this intention of the
      parties.

     

    SECTION
      13.5. Headings.
      Headings contained in this Declaration are inserted for convenience of reference
      only and do not affect the interpretation of this Declaration or any provision
      hereof.

     

    SECTION
      13.6. Successors
      and Assigns.
      Whenever in this Declaration any of the parties hereto is named or referred
      to,
      the successors and assigns of such party shall be deemed to be included, and
      all
      covenants and agreements in this Declaration by the Sponsor and the Trustees
      shall bind and inure to the benefit of their respective successors and assigns,
      whether or not so expressed.

     

    
      
        
        

      

      
        -56-

        
          

        

      

      
        
        

      

    

     

    SECTION
      13.7. Partial
      Enforceability.
      If any
      provision of this Declaration, or the application of such provision to any
      Person or circumstance, shall be held invalid, the remainder of this
      Declaration, or the application of such provision to persons or circumstances
      other than those to which it is held invalid, shall not be affected
      thereby.

     

    SECTION
      13.8. Counterparts.
      This
      Declaration may contain more than one counterpart of the signature page and
      this
      Declaration may be executed by the affixing of the signature of each of the
      Trustees and Administrators to any of such counterpart signature pages. All
      of
      such counterpart signature pages shall be read as though one, and they shall
      have the same force and effect as though all of the signers had signed a single
      signature page.

     

    
      
        
        

      

      
        -57-

        
          

        

      

      
        
        

      

    

     

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

    

    
      	
              WELLS
                FARGO DELAWARE TRUST

              COMPANY,
                as Delaware Trustee

            
	 	 	 
	
              By: 

            	/s/ 
              Amy L. Martin 
	 	
              Name: 

            	Amy
              L. Martin    
	 	
              Title:

            	Vice
              President
	 
	
              WELLS
                FARGO BANK, NATIONAL

              ASSOCIATION,
                as Institutional Trustee

            
	 	 	 
	
              By:

            	/s/  Amy
              L. Martin
	 	
              Name:

            	Amy
              L. Martin
	 	
              Title:

            	Vice
              President
	 
	
              JACKSONVILLE
                BANCORP, INC.,

            
	 	
              as
                Sponsor

            
	 	 	 
	
              By:

            	/s/ Valerie
              A. Kendall 
	 	
              Name:

            	Valerie
              A. Kendall 
	 	
              Title:

            	Executive Vice
              President and Chief Financial Officer
	 	 	 
	/s/
              Gilbert J. Pomar, III
	
              Name:
                Gilbert J. Pomar, III

            
	
              Administrator

            
	 	 	 
	/s/
              Valerie A. Kendall  
	
              Name:
                Valerie A. Kendall

            
	
              Administrator

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    ANNEX
      I

     

    TERMS
      OF

    CAPITAL
      SECURITIES AND

    COMMON
      SECURITIES

     

    Pursuant
      to Section 6.1 of the Amended and Restated Declaration of Trust, dated as of
      June 20, 2008 (as amended from time to time, the "Declaration"), the
      designation, rights, privileges, restrictions, preferences and other terms
      and
      provisions of the Capital Securities and the Common Securities are set out
      below
      (each capitalized term used but not defined herein has the meaning set forth
      in
      the Declaration):

     

    1. Designation
      and Number.
      

     

    (a) Capital
      Securities. 8,850 Capital Securities of Jacksonville Bancorp, Inc. Statutory
      Trust III (the "Trust"), with an aggregate stated liquidation amount with
      respect to the assets of the Trust of Eight Million Eight Hundred Fifty Thousand
      Dollars ($8,850,000) and a stated liquidation amount with respect to the assets
      of the Trust of $1,000 per Capital Security, are hereby designated for the
      purposes of identification only as the "TP Securities" (the "Capital
      Securities"). The Capital Security Certificates evidencing the Capital
      Securities shall be substantially in the form of Exhibit A-1 to the Declaration,
      with such changes and additions thereto or deletions therefrom as may be
      required by ordinary usage, custom or practice or to conform to the rules of
      any
      stock exchange on which the Capital Securities are listed, if any.

     

    (b) Common
      Securities. 274 Common Securities of the Trust (the "Common Securities") will
      be
      evidenced by Common Security Certificates substantially in the form of Exhibit
      A-2 to the Declaration, with such changes and additions thereto or deletions
      therefrom as may be required by ordinary usage, custom or practice. The Common
      Securities will have an aggregate stated liquidation amount with respect to
      the
      assets of the Trust of Two Hundred Seventy Four Thousand Dollars ($274,000)
      and
      a stated liquidation amount with respect to the assets of the Trust of $1,000
      per Common Security.

     

    2. Distributions.

     

    (a) Distributions
      payable on each Security will be payable at a variable per annum rate of
      interest, reset quarterly, equal to LIBOR, as determined on the LIBOR
      Determination Date for such Distribution Payment Period, plus 3.75% (the "Coupon
      Rate") of the stated liquidation amount of $1,000 per Security (provided,
      however, that the Coupon Rate for any Distribution Payment Period may not exceed
      the highest rate permitted by New York law, as the same may be modified by
      United States law of general applicability), such Coupon Rate being the rate
      of
      interest payable on the Debentures to be held by the Institutional Trustee.
      Except as set forth below in respect of an Extension Period, Distributions
      in
      arrears for more than one quarterly period will bear interest thereon compounded
      quarterly at the applicable Coupon Rate for each such quarterly period (to
      the
      extent permitted by applicable law). The term "Distributions" as used herein
      includes cash distributions, any such compounded distributions and any
      Additional Interest payable on the Debentures unless otherwise stated. A
      Distribution is payable only to the extent that payments are made in respect
      of
      the Debentures held by the Institutional Trustee and to the extent the
      Institutional Trustee has funds legally available in the Property Account
      therefor. The amount of Distributions payable for any Distribution Payment
      Period will be computed for any full quarterly Distribution Payment Period
      on
      the basis of a 360-day year and the actual number of days elapsed in the
      relevant Distribution period; provided, however, that upon the occurrence of
      a
      Special Event redemption pursuant to paragraph 4(a) below the amounts payable
      pursuant to this Declaration shall be calculated as set forth in the definition
      of Special Redemption Price.

     

    
      
        
        

      

      
        A-I-1

        
          

        

      

      
        
        

      

    

     

    (b) LIBOR
      shall be determined by the Calculation Agent in accordance with the following
      provisions:

     

    (1) On
      the
      second LIBOR Business Day (provided,
      that on
      such day commercial banks are open for business (including dealings in foreign
      currency deposits) in London (a "LIBOR Banking Day"), and otherwise the next
      preceding LIBOR Business Day that is also a LIBOR Banking Day) prior to March
      15, June 15, September 15 and December 15 (or, with respect to the first
      Distribution Payment Period, on June 18, 2008), (each such day, a "LIBOR
      Determination Date") for such Distribution Payment Period), the Calculation
      Agent shall obtain the rate for three-month U.S. Dollar deposits in Europe,
      which appears on Reuters Screen LIBOR 01 Page (as defined in the International
      Swaps and Derivatives Association, Inc. 2000 Interest Rate and Currency Exchange
      Definitions) or such other page as may replace such page, as of 11:00 a.m.
      (London time) on such LIBOR Determination Date, as reported by Bloomberg
      Financial Markets Commodities News or any successor service (“Reuters Screen”),
      and the rate so obtained shall be LIBOR for such Distribution Payment Period.
      "LIBOR Business Day" means any day that is not a Saturday, Sunday or other
      day
      on which commercial banking institutions in The City of New York or Wilmington,
      Delaware are authorized or obligated by law or executive order to be closed.
      If
      such rate is superseded on Reuters Screen by a corrected rate before 12:00
      noon
      (London time) on the same LIBOR Determination Date, the corrected rate as so
      substituted will be the applicable LIBOR for that Distribution Payment
      Period.

     

    (2) If,
      on
      any LIBOR Determination Date, such rate does not appear on Reuters Screen,
      the
      Calculation Agent shall determine the arithmetic mean of the offered quotations
      of the Reference Banks (as defined below) to leading banks in the London
      Interbank market for three-month U.S. Dollar deposits in Europe (in an amount
      determined by the Calculation Agent) by reference to requests for quotations
      as
      of approximately 11:00 a.m. (London time) on the LIBOR Determination Date made
      by the Calculation Agent to the Reference Banks. If, on any LIBOR Determination
      Date, at least two of the Reference Banks provide such quotations, LIBOR shall
      equal the arithmetic mean of such quotations. If, on any LIBOR Determination
      Date, only one or none of the Reference Banks provide such a quotation, LIBOR
      shall be deemed to be the arithmetic mean of the offered quotations that at
      least two leading banks in the City of New York (as selected by the Calculation
      Agent) are quoting on the relevant LIBOR Determination Date for three-month
      U.S.
      Dollar deposits in Europe at approximately 11:00 a.m. (London time) (in an
      amount determined by the Calculation Agent). As used herein, "Reference Banks"
      means four major banks in the London Interbank market selected by the
      Calculation Agent.

     

    
      
        
        

      

      
        A-I-2

        
          

        

      

      
        
        

      

    

     

    (3) If
      the
      Calculation Agent is required but is unable to determine a rate in accordance
      with at least one of the procedures provided above, LIBOR for the applicable
      Distribution Payment Period shall be LIBOR in effect for the immediately
      preceding Distribution Payment Period.

     

    (c) All
      percentages resulting from any calculations on the Securities will be rounded,
      if necessary, to the nearest one hundred-thousandth of a percentage point,
      with
      five one-millionths of a percentage point rounded upward (e.g., 9.876545% (or
      .09876545) being rounded to 9.87655% (or .0987655)), and all dollar amounts
      used
      in or resulting from such calculation will be rounded to the nearest cent (with
      one-half cent being rounded upward).

     

    (d) As
      soon
      as practicable following each LIBOR Determination Date, but in no event later
      than the 30th day following such LIBOR Determination Date, the Calculation
      Agent
      shall notify, in writing, the Sponsor and the Paying Agent of the applicable
      Coupon Rate in effect for the related Distribution Payment Period. The
      Calculation Agent shall, upon the request of the Holder of any Securities,
      provide the Coupon Rate then in effect. All calculations made by the Calculation
      Agent in the absence of manifest error shall be conclusive for all purposes
      and
      binding on the Sponsor and the Holders of the Securities. Any error in a
      calculation of the Coupon Rate by the Calculation Agent may be corrected at
      any
      time by the delivery of notice of such corrected Coupon Rate as provided above.
      The Paying Agent shall be entitled to rely on information received from the
      Calculation Agent or the Sponsor as to the Coupon Rate. The Sponsor shall,
      from
      time to time, provide any necessary information to the Paying Agent relating
      to
      any original issue discount and interest on the Securities that is included
      in
      any payment and reportable for taxable income calculation purposes. Failure
      to
      notify the Sponsor, the Institutional Trustee or the Paying Agent of the
      applicable Coupon Rate shall not affect the obligation of the Sponsor to make
      payment on the Debentures at such Coupon Rate.

     

    
      
        
        

      

      
        A-I-3

        
          

        

      

      
        
        

      

    

     

    (e) Distributions
      on the Securities will be cumulative, will accrue from the date of original
      issuance, and will be payable, subject to extension of Distribution payment
      periods as described herein, quarterly in arrears on March 15, June 15,
      September 15 and December 15 of each year, commencing September 15, 2008 (each,
      a "Distribution Payment Date"). Subject to prior submission of Notice (as
      defined in the Indenture), and so long as no Event of Default pursuant to
      paragraphs (c), (e), (f) or (g) of Section 5.01 of the Indenture has occurred
      and is continuing, the Debenture Issuer has the right under the Indenture to
      defer payments of interest on the Debentures by extending the interest
      distribution period for up to 20 consecutive quarterly periods (each, an
      "Extension Period") at any time and from time to time on the Debentures, subject
      to the conditions described below, during which Extension Period no interest
      shall be due and payable (except any Additional Interest that may be due and
      payable). During any Extension Period, interest will continue to accrue on
      the
      Debentures, and interest on such accrued interest (such accrued interest and
      interest thereon referred to herein as "Deferred Interest") will accrue at
      an
      annual rate equal to the Coupon Rate in effect for each such Extension Period,
      compounded quarterly from the date such Deferred Interest would have been
      payable were it not for the Extension Period, to the extent permitted by law.
      No
      Extension Period may end on a date other than a Distribution Payment Date.
      At
      the end of any such Extension Period, the Debenture Issuer shall pay all
      Deferred Interest then accrued and unpaid on the Debentures; provided,
      however,
      that no
      Extension Period may extend beyond the Maturity Date, Redemption Date (to the
      extent redeemed) or Special Redemption Date; and provided,
      further,
      that,
      during any such Extension Period, the Debenture Issuer may not (i) declare
      or
      pay any dividends or distributions on, or redeem, purchase, acquire, or make
      a
      liquidation payment with respect to, any of the Debenture Issuer's capital
      stock
      or (ii) make any payment of principal or premium or interest on or repay,
      repurchase or redeem any debt securities of the Debenture Issuer that rank
      pari
      passu
      in all
      respects with or junior in interest to the Debentures or (iii) make any payment
      under any guarantees of the Debenture Issuer that rank in all respects
pari
      passu
      with or
      junior in interest to the Guarantee (other than (a) repurchases, redemptions
      or
      other acquisitions of shares of capital stock of the Debenture Issuer (A) in
      connection with any employment contract, benefit plan or other similar
      arrangement with or for the benefit of one or more employees, officers,
      directors or consultants, (B) in connection with a dividend reinvestment or
      stockholder stock purchase plan or (C) in connection with the issuance of
      capital stock of the Debenture Issuer (or securities convertible into or
      exercisable for such capital stock), as consideration in an acquisition
      transaction entered into prior to the applicable Extension Period, (b) as a
      result of any exchange, reclassification, combination or conversion of any
      class
      or series of the Debenture Issuer's capital stock (or any capital stock of
      a
      subsidiary of the Debenture Issuer) for any class or series of the Debenture
      Issuer's capital stock or of any class or series of the Debenture Issuer's
      indebtedness for any class or series of the Debenture Issuer's capital stock,
      (c) the purchase of fractional interests in shares of the Debenture Issuer's
      capital stock pursuant to the conversion or exchange provisions of such capital
      stock or the security being converted or exchanged, (d) any declaration of
      a
      dividend in connection with any stockholder's rights plan, or the issuance
      of
      rights, stock or other property under any stockholder's rights plan, or the
      redemption or repurchase of rights pursuant thereto, or (e) any dividend in
      the
      form of stock, warrants, options or other rights where the dividend stock or
      the
      stock issuable upon exercise of such warrants, options or other rights is the
      same stock as that on which the dividend is being paid or ranks pari
      passu
      with or
      junior to such stock. Prior to the termination of any Extension Period, the
      Debenture Issuer may further extend such period; provided,
      that
      such period together with all such previous and further consecutive extensions
      thereof shall not exceed 20 consecutive quarterly periods, or extend beyond
      the
      Maturity Date, Redemption Date (to the extent redeemed) or Special Redemption
      Date. Upon the termination of any Extension Period and upon the payment of
      all
      Deferred Interest, the Debenture Issuer may commence a new Extension Period,
      subject to the foregoing requirements. No interest or Deferred Interest shall
      be
      due and payable during an Extension Period, except at the end thereof, but
      Deferred Interest shall accrue upon each installment of interest that would
      otherwise have been due and payable during such Extension Period until such
      installment is paid. If Distributions are deferred, the Distributions due shall
      be paid on the date that the related Extension Period terminates to Holders
      of
      the Securities as they appear on the books and records of the Trust on the
      record date immediately preceding such date. Distributions on the Securities
      must be paid on the dates payable (after giving effect to any Extension Period)
      to the extent that the Trust has funds legally available for the payment of
      such
      distributions in the Property Account of the Trust. The Trust's funds available
      for Distribution to the Holders of the Securities will be limited to payments
      received from the Debenture Issuer. The payment of Distributions out of moneys
      held by the Trust is guaranteed by the Guarantor pursuant to the
      Guarantee.

     

    
      
        
        

      

      
        A-I-4

        
          

        

      

      
        
        

      

    

     

    (f) Distributions
      on the Securities will be payable to the Holders thereof as they appear on
      the
      books and records of the Registrar on the relevant record dates. The relevant
      record dates shall be 15 days before the relevant Distribution Payment Date.
      Distributions payable on any Securities that are not punctually paid on any
      Distribution Payment Date, as a result of the Debenture Issuer having failed
      to
      make a payment under the Debentures, as the case may be, when due (taking into
      account any Extension Period), will cease to be payable to the Person in whose
      name such Securities are registered on the relevant record date, and such
      defaulted Distribution will instead be payable to the Person in whose name
      such
      Securities are registered on the special record date or other specified date
      determined in accordance with the Indenture. Notwithstanding anything to the
      contrary contained herein, if any Distribution Payment Date, other than on
      the
      Maturity Date, any Redemption Date or the Special Redemption Date, falls on
      a
      day that is not a Business Day, then any Distributions payable will be paid
      on,
      and such Distribution Payment Date will be moved to, the next succeeding
      Business Day, and additional Distributions will accrue for each day that such
      payment is delayed as a result thereof. If the Maturity Date, Redemption Date
      or
      Special Redemption Date falls on a day that is not a Business Day, then the
      principal, premium, if any, and/or interest payable on such date will be paid
      on
      the next succeeding Business Day, and no additional interest will accrue (except
      that, if such Business Day falls in the next calendar year, such payment will
      be
      made on the immediately preceding Business Day).

     

    (g) In
      the
      event that there is any money or other property held by or for the Trust that
      is
      not accounted for hereunder, such property shall be distributed pro rata (as
      defined herein) among the Holders of the Securities.

     

    3. Liquidation
      Distribution Upon Dissolution.
      In the
      event of the voluntary or involuntary liquidation, dissolution, winding-up
      or
      termination of the Trust (each, a "Liquidation") other than in connection with
      a
      redemption of the Debentures, the Holders of the Securities will be entitled
      to
      receive out of the assets of the Trust available for distribution to Holders
      of
      the Securities, after satisfaction of liabilities to creditors of the Trust
      (to
      the extent not satisfied by the Debenture Issuer), distributions equal to the
      aggregate of the stated liquidation amount of $1,000 per Security plus accrued
      and unpaid Distributions thereon to the date of payment (such amount being
      the
      "Liquidation Distribution"), unless in connection with such Liquidation, the
      Debentures in an aggregate stated principal amount equal to the aggregate stated
      liquidation amount of such Securities, with an interest rate equal to the Coupon
      Rate of, and bearing accrued and unpaid interest in an amount equal to the
      accrued and unpaid Distributions on, and having the same record date as, such
      Securities, after paying or making reasonable provision to pay all claims and
      obligations of the Trust in accordance with Section 3808(e) of the Statutory
      Trust Act, shall be distributed on a Pro Rata basis to the Holders of the
      Securities in exchange for such Securities.

     

    The
      Sponsor, as the Holder of all of the Common Securities, has the right at any
      time to, upon receipt of an opinion of nationally recognized tax counsel that
      Holders will not recognize any gain or loss for United States federal income
      tax
      purposes as a result of the distribution of the Debentures, dissolve the Trust
      (including without limitation upon the occurrence of a Tax Event, an Investment
      Company Event or a Capital Treatment Event), subject to the receipt by the
      Debenture Issuer of prior approval from any regulatory authority having
      jurisdiction over the Sponsor that is primarily responsible for regulating
      the
      activities of the Sponsor if such approval is then required under applicable
      capital guidelines or policies of such regulatory authority, and, after
      satisfaction of liabilities to creditors of the Trust, cause the Debentures
      to
      be distributed to the Holders of the Securities on a Pro Rata basis in
      accordance with the aggregate stated liquidation amount thereof.

     

    
      
        
        

      

      
        A-I-5

        
          

        

      

      
        
        

      

    

     

    The
      Trust
      shall dissolve on the first to occur of (i) September 15, 2043, the expiration
      of the term of the Trust, (ii) a Bankruptcy Event with respect to the Sponsor,
      the Trust or the Debenture Issuer, (iii) (other than in connection with a
      merger, consolidation or similar transaction not prohibited by the Indenture,
      this Declaration or the Guarantee, as the case may be) the filing of a
      certificate of dissolution or its equivalent with respect to the Sponsor or
      upon
      the revocation of the charter of the Sponsor and the expiration of 90 days
      after
      the date of revocation without a reinstatement thereof, (iv) the distribution
      to
      the Holders of the Securities of the Debentures, upon exercise of the right
      of
      the Holder of all of the outstanding Common Securities to dissolve the Trust
      as
      described above, (v) the entry of a decree of a judicial dissolution of any
      Holder of the Common Securities, the Sponsor, the Debenture Issuer or the Trust,
      or (vi) when all of the Securities shall have been called for redemption and
      the
      amounts necessary for redemption thereof shall have been paid to the Holders
      in
      accordance with the terms of the Securities. As soon as practicable after the
      dissolution of the Trust and upon completion of the winding up of the Trust,
      the
      Trust shall terminate upon the filing of a certificate of cancellation with
      the
      Secretary of State of the State of Delaware.

     

    If
      a
      Liquidation of the Trust occurs as described in clause (i), (ii), (iii) or
      (v)
      in the immediately preceding paragraph, the Trust shall be liquidated by the
      Institutional Trustee of the Trust as expeditiously as such Trustee determines
      to be possible by distributing, after satisfaction of liabilities to creditors
      of the Trust as provided by applicable law, to the Holders of the Securities,
      the Debentures on a Pro Rata basis to the extent not satisfied by the Debenture
      Issuer, unless such distribution is determined by the Institutional Trustee
      not
      to be practical, in which event such Holders will be entitled to receive out
      of
      the assets of the Trust available for distribution to the Holders, after
      satisfaction of liabilities to creditors of the Trust to the extent not
      satisfied by the Debenture Issuer, an amount equal to the Liquidation
      Distribution. An early Liquidation of the Trust pursuant to clause (iv) of
      the
      immediately preceding paragraph shall occur if the Institutional Trustee
      determines that such Liquidation is possible by distributing, after satisfaction
      of liabilities to creditors of the Trust, to the Holders of the Securities
      on a
      Pro Rata basis, the Debentures, and such distribution occurs.

     

    If,
      upon
      any such Liquidation, the Liquidation Distribution can be paid only in part
      because the Trust has insufficient assets available to pay in full the aggregate
      Liquidation Distribution, then the amounts payable directly by the Trust on
      such
      Capital Securities shall be paid to the Holders of the Securities on a Pro
      Rata
      basis, except that if an Event of Default has occurred and is continuing, the
      Capital Securities shall have a preference over the Common Securities with
      regard to such distributions.

     

    Upon
      any
      such Liquidation of the Trust involving a distribution of the Debentures, if
      at
      the time of such Liquidation, the Capital Securities were rated by at least
      one
      nationally-recognized statistical rating organization, the Debenture Issuer
      will
      use its reasonable best efforts to obtain from at least one such or other rating
      organization a rating for the Debentures.

     

    
      
        
        

      

      
        A-I-6

        
          

        

      

      
        
        

      

    

     

    After
      the
      date for any distribution of the Debentures upon dissolution of the Trust,
      (i)
      the Securities of the Trust will be deemed to be no longer outstanding, (ii)
      any
      certificates representing the Capital Securities will be deemed to represent
      undivided beneficial interests in such of the Debentures as have an aggregate
      principal amount equal to the aggregate stated liquidation amount of, with
      an
      interest rate identical to the distribution rate of, and bearing accrued and
      unpaid interest equal to accrued and unpaid distributions on, the Securities
      until such certificates are presented to the Debenture Issuer or its agent
      for
      transfer or reissuance (and until such certificates are so surrendered, no
      payments of interest or principal shall be made to Holders of Securities in
      respect of any payments due and payable under the Debentures) and (iii) all
      rights of Holders of Securities under the Capital Securities or the Common
      Securities, as applicable, shall cease, except the right of such Holders to
      receive Debentures upon surrender of certificates representing such
      Securities.

     

    4. Redemption
      and Distribution.
      

     

    (a) The
      Debentures will mature on September 15, 2038. The Debentures may be redeemed
      by
      the Debenture Issuer, in whole or in part, on any March 15, June 15, September
      15 or December 15 on or after September 15, 2013 at the Redemption Price, upon
      not less than 30 nor more than 60 days' notice to Holders of such Debentures.
      In
      addition, upon the occurrence and continuation of a Tax Event, an Investment
      Company Event or a Capital Treatment Event, the Debentures may be redeemed
      by
      the Debenture Issuer in whole or in part, at any time within 90 days following
      the occurrence of such Tax Event, Investment Company Event or Capital Treatment
      Event, as the case may be (the "Special Redemption Date"), at the Special
      Redemption Price, upon not less than 30 nor more than 60 days' notice to Holders
      of the Debentures so long as such Tax Event, Investment Company Event or Capital
      Treatment Event, as the case may be, is continuing. In each case, the right
      of
      the Debenture Issuer to redeem the Debentures is subject to the Debenture Issuer
      having received prior approval from any regulatory authority having jurisdiction
      over the Debenture Issuer, if such approval is then required under applicable
      capital guidelines or policies of such regulatory authority.

     

    "Tax
      Event" means the receipt by the Debenture Issuer and the Trust of an opinion
      of
      counsel experienced in such matters to the effect that, as a result of any
      amendment to or change (including any announced prospective change) in the
      laws
      or any regulations thereunder of the United States or any political subdivision
      or taxing authority thereof or therein, or as a result of any official
      administrative pronouncement (including any private letter ruling, technical
      advice memorandum, regulatory procedure, notice or announcement) (an
      "Administrative Action") or judicial decision interpreting or applying such
      laws
      or regulations, regardless of whether such Administrative Action or judicial
      decision is issued to or in connection with a proceeding involving the Debenture
      Issuer or the Trust and whether or not subject to review or appeal, which
      amendment, clarification, change, Administrative Action or decision is enacted,
      promulgated or announced, in each case on or after the date of original issuance
      of the Debentures, there is more than an insubstantial risk that: (i) the Trust
      is, or will be within 90 days of the date of such opinion, subject to United
      States federal income tax with respect to income received or accrued on the
      Debentures; (ii) if the Debenture Issuer is organized and existing under the
      laws of the United States or any state thereof or the District of Columbia,
      interest payable by the Debenture Issuer on the Debentures is not, or within
      90
      days of the date of such opinion, will not be, deductible by the Debenture
      Issuer, in whole or in part, for United States federal income tax purposes;
      or
      (iii) the Trust is, or will be within 90 days of the date of such opinion,
      subject to more than a de minimis amount of other taxes (including withholding
      taxes), duties, assessments or other governmental charges.

     

    
      
        
        

      

      
        A-I-7

        
          

        

      

      
        
        

      

    

     

    "Investment
      Company Event" means the receipt by the Debenture Issuer and the Trust of an
      opinion of counsel experienced in such matters to the effect that, as a result
      of a change in law or regulation or written change in interpretation or
      application of law or regulation by any legislative body, court, governmental
      agency or regulatory authority, there is more than an insubstantial risk that
      the Trust is or, within 90 days of the date of such opinion will be, considered
      an "investment company" that is required to be registered under the Investment
      Company Act, which change or prospective change becomes effective or would
      become effective, as the case may be, on or after the date of the original
      issuance of the Debentures.

     

    "Capital
      Treatment Event" means, if the Debenture Issuer is organized and existing under
      the laws of the United States or any state thereof or the District of Columbia,
      the receipt by the Debenture Issuer and the Trust of an Opinion of Counsel
      experienced in such matters to the effect that, as a result of (a) any amendment
      to, or change in, the laws, rules or regulations of the United States or any
      political subdivision thereof or therein, or any rules, guidelines or policies
      of any applicable regulatory authority for the Debenture Issuer or (b) any
      official or administrative pronouncement or action or decision interpreting
      or
      applying such laws, rules or regulations, which amendment or change is effective
      or which pronouncement, action or decision is announced on or after the date
      of
      original issuance of the Capital Securities, there is more than an insubstantial
      risk that, within 90 days of the receipt of such opinion, the aggregate
      Liquidation Amount of the Capital Securities will not be eligible to be treated
      by the Debenture Issuer as "Tier 1 Capital" (or the then equivalent thereof)
      for
      purposes of the capital adequacy guidelines of the Federal Reserve (or any
      successor regulatory authority with jurisdiction over bank or financial holding
      companies), as then in effect and applicable to the Debenture Issuer (or if
      the
      Debenture Issuer is not a bank holding company, such guidelines applied to
      the
      Debenture Issuer as if the Debenture Issuer were subject to such guidelines);
      provided, however, that the inability of the Debenture Issuer to treat all
      or
      any portion of the aggregate Liquidation Amount of the Capital Securities as
      Tier 1 Capital shall not constitute the basis for a Capital Treatment Event,
      if
      such inability results from the Debenture Issuer having cumulative preferred
      stock, minority interests in consolidated subsidiaries, or any other class
      of
      security or interest which the Federal Reserve or OTS, as applicable, may now
      or
      hereafter accord Tier 1 Capital treatment in excess of the amount which may
      now
      or hereafter qualify for treatment as Tier 1 Capital under applicable capital
      adequacy guidelines; provided further, however, that the distribution of the
      Debentures in connection with the liquidation of the Trust by the Debenture
      Issuer shall not in and of itself constitute a Capital Treatment Event unless
      such liquidation shall have occurred in connection with a Tax Event or an
      Investment Company Event.

     

    "Special
      Event" means any of a Capital Treatment Event, a Tax Event or an Investment
      Company Event.

     

    "Special
      Redemption Price" means, with respect to the redemption of any Debentures
      following a Special Event, an amount in cash equal to 103.525% of the principal
      amount of Debentures to be redeemed prior to September 15, 2009 and thereafter
      equal to the percentage of the principal amount of the Debentures that is
      specified below for the Special Redemption Date plus, in each case, unpaid
      interest accrued thereon to the Special Redemption Date: 

     

    
      
        
        

      

      
        A-I-8

        
          

        

      

      
        
        

      

    

     

    
      	
              Special
                Redemption During the

              12-Month
                Period Beginning September 15

            	 	
              Percentage
                of Principal

              Amount

            	 
	 	 	 	 
	
              2009

            	 	 	
              102.820

            	
              %

            
	
              2010

            	 	 	
              102.115

            	
              %

            
	
              2011

            	 	 	
              101.410

            	
              %

            
	
              2012

            	 	 	
              100.705

            	
              %

            
	
              2013
                and thereafter

            	 	 	
              100.000

            	
              %

            

    

     

    "Redemption
      Date" means the date fixed for the redemption of Capital Securities, which
      shall
      be any March 15, June 15, September 15 or December 15 on or after September
      15,
      2013. 

     

    "Redemption
      Price" means 100% of the principal amount of the Debentures being redeemed
      plus
      accrued and unpaid interest on such Debentures to the Redemption Date.

     

    (b) Upon
      the
      repayment in full at maturity or redemption in whole or in part of the
      Debentures (other than following the distribution of the Debentures to the
      Holders of the Securities), the proceeds from such repayment or payment shall
      concurrently be applied to redeem Pro Rata at the applicable Redemption Price,
      Securities having an aggregate liquidation amount equal to the aggregate
      principal amount of the Debentures so repaid or redeemed; provided,
      however,
      that
      holders of such Securities shall be given not less than 30 nor more than 60
      days' notice of such redemption (other than at the scheduled maturity of the
      Debentures).

     

    (c) If
      fewer
      than all the outstanding Securities are to be so redeemed, the Common Securities
      and the Capital Securities will be redeemed Pro Rata and the Capital Securities
      to be redeemed will be as described in Section 4(e)(ii) below.

     

    (d) The
      Trust
      may not redeem fewer than all the outstanding Capital Securities unless all
      accrued and unpaid Distributions have been paid on all Capital Securities for
      all quarterly Distribution periods terminating on or before the date of
      redemption.

     

    (e) Redemption
      or Distribution Procedures.

     

    (i) Notice
      of
      any redemption of, or notice of distribution of the Debentures in exchange
      for,
      the Securities (a "Redemption/Distribution Notice") will be given by the Trust
      by mail to each Holder of Securities to be redeemed or exchanged not fewer
      than
      30 nor more than 60 days before the date fixed for redemption or exchange
      thereof which, in the case of a redemption, will be the date fixed for
      redemption of the Debentures. For purposes of the calculation of the date of
      redemption or exchange and the dates on which notices are given pursuant to
      this
      Section 4(e)(i), a Redemption/Distribution Notice shall be deemed to be given
      on
      the day such notice is first mailed by first-class mail, postage prepaid, to
      Holders of such Securities. Each Redemption/Distribution Notice shall be
      addressed to the Holders of such Securities at the address of each such Holder
      appearing on the books and records of the Registrar. No defect in the
      Redemption/Distribution Notice or in the mailing thereof with respect to any
      Holder shall affect the validity of the redemption or exchange proceedings
      with
      respect to any other Holder.

     

    
      
        
        

      

      
        A-I-9

        
          

        

      

      
        
        

      

    

     

    (ii) In
      the
      event that fewer than all the outstanding Securities are to be redeemed, the
      Securities to be redeemed shall be redeemed Pro Rata from each Holder of Capital
      Securities.

     

    (iii) If
      the
      Securities are to be redeemed and the Trust gives a Redemption/Distribution
      Notice, which notice may only be issued if the Debentures are redeemed as set
      out in this Section 4 (which notice will be irrevocable), then, provided, that
      the Institutional Trustee has a sufficient amount of cash in connection with
      the
      related redemption or maturity of the Debentures, the Institutional Trustee
      will, with respect to Book-Entry Capital Securities, on the Redemption Date
      or
      Special Redemption Date, as applicable, irrevocably deposit with the Depositary
      for such Book-Entry Capital Securities, to the extent available therefor, funds
      sufficient to pay the relevant Redemption Price or Special Redemption Price,
      as
      applicable, and will give such Depositary irrevocable instructions and authority
      to pay the Redemption Price or Special Redemption Price, as applicable, to
      the
      Owners of the Capital Securities. With respect to Capital Securities that are
      not Book-Entry Capital Securities, the Institutional Trustee will pay, to the
      extent available therefor, the relevant Redemption Price or Special Redemption
      Price, as applicable, to the Holders of such Securities by check mailed to
      the
      address of each such Holder appearing on the books and records of the Trust
      on
      the redemption date. If a Redemption/Distribution Notice shall have been given
      and funds deposited as required, then immediately prior to the close of business
      on the date of such deposit, Distributions will cease to accrue on the
      Securities so called for redemption and all rights of Holders of such Securities
      so called for redemption will cease, except the right of the Holders of such
      Securities to receive the applicable Redemption Price or Special Redemption
      Price, as applicable, specified in Section 4(a). If any date fixed for
      redemption of Securities is not a Business Day, then payment of any such
      Redemption Price or Special Redemption Price, as applicable, payable on such
      date will be made on the next succeeding day that is a Business Day except
      that,
      if such Business Day falls in the next calendar year, such payment will be
      made
      on the immediately preceding Business Day, in each case with the same force
      and
      effect as if made on such date fixed for redemption. If payment of the
      Redemption Price or Special Redemption Price, as applicable, in respect of
      any
      Securities is improperly withheld or refused and not paid either by the Trust
      or
      by the Debenture Issuer as guarantor pursuant to the Guarantee, Distributions
      on
      such Securities will continue to accrue at the then applicable rate from the
      original redemption date to the actual date of payment, in which case the actual
      payment date will be considered the date fixed for redemption for purposes
      of
      calculating the Redemption Price or Special Redemption Price, as applicable.
      In
      the event of any redemption of the Capital Securities issued by the Trust in
      part, the Trust shall not be required to (i) issue, register the transfer of
      or
      exchange any Security during a period beginning at the opening of business
      15
      days before any selection for redemption of the Capital Securities and ending
      at
      the close of business on the earliest date on which the relevant notice of
      redemption is deemed to have been given to all Holders of the Capital Securities
      to be so redeemed or (ii) register the transfer of or exchange any Capital
      Securities so selected for redemption, in whole or in part, except for the
      unredeemed portion of any Capital Securities being redeemed in
      part.

     

    
      
        
        

      

      
        A-I-10

        
          

        

      

      
        
        

      

    

     

    (iv) Redemption/Distribution
      Notices shall be sent by the Trust (A) in respect of the Capital Securities,
      to
      the Holders thereof, and (B) in respect of the Common Securities, to the Holder
      thereof.

     

    (v) Subject
      to the foregoing and applicable law (including, without limitation, United
      States federal securities laws), and provided,
      that
      the acquiror is not the Holder of the Common Securities or the obligor under
      the
      Indenture, the Sponsor or any of its subsidiaries may at any time and from
      time
      to time purchase outstanding Capital Securities by tender, in the open market
      or
      by private agreement.

     

    5. Voting
      Rights - Capital Securities.

     

    (a) Except
      as
      provided under Sections 5(b) and 7 and as otherwise required by law and the
      Declaration, the Holders of the Capital Securities will have no voting rights.
      The Administrators are required to call a meeting of the Holders of the Capital
      Securities if directed to do so by Holders of not less than 10% in liquidation
      amount of the Capital Securities.

     

    (b) Subject
      to the requirements of obtaining a tax opinion by the Institutional Trustee
      in
      certain circumstances set forth in the last sentence of this paragraph, the
      Holders of a Majority in liquidation amount of the Capital Securities, voting
      separately as a class, have the right to direct the time, method, and place
      of
      conducting any proceeding for any remedy available to the Institutional Trustee,
      or exercising any trust or power conferred upon the Institutional Trustee under
      the Declaration, including the right to direct the Institutional Trustee, as
      holder of the Debentures, to (i) exercise the remedies available under the
      Indenture as the holder of the Debentures, (ii) waive any past default that
      is
      waivable under the Indenture, (iii)
      exercise
      any right to rescind or annul a declaration that the principal of all the
      Debentures shall be due and payable or (iv) consent on behalf of all the Holders
      of the Capital Securities to any amendment, modification or termination of
      the
      Indenture or the Debentures where such consent shall be required; provided,
      however,
      that,
      where a consent or action under the Indenture would require the consent or
      act
      of the holders of greater than a simple majority in principal amount of
      Debentures (a "Super Majority") affected thereby, the Institutional Trustee
      may
      only give such consent or take such action at the written direction of the
      Holders of not less than the proportion in liquidation amount of the Capital
      Securities outstanding which the relevant Super Majority represents of the
      aggregate principal amount of the Debentures outstanding. If the Institutional
      Trustee fails to enforce its rights under the Debentures after the Holders
      of a
      Majority or Super Majority, as the case may be, in liquidation amount of such
      Capital Securities have so directed the Institutional Trustee, to the fullest
      extent permitted by law, a Holder of the Capital Securities may institute a
      legal proceeding directly against the Debenture Issuer to enforce the
      Institutional Trustee's rights under the Debentures without first instituting
      any legal proceeding against the Institutional Trustee or any other person
      or
      entity. Notwithstanding the foregoing, if an Event of Default has occurred
      and
      is continuing and such event is attributable to the failure of the Debenture
      Issuer to pay interest or premium, if any, on or principal of the Debentures
      on
      the date such interest, premium, if any, on or principal is payable (or in
      the
      case of redemption, the redemption date), then a Holder of record of the Capital
      Securities may directly institute a proceeding for enforcement of payment,
      on or
      after the respective due dates specified in the Debentures, to such Holder
      directly of the principal of or premium, if any, or interest on the Debentures
      having an aggregate principal amount equal to the aggregate liquidation amount
      of the Capital Securities of such Holder. The Institutional Trustee shall notify
      all Holders of the Capital Securities of any default actually known to the
      Institutional Trustee with respect to the Debentures unless (x) such default
      has
      been cured prior to the giving of such notice or (y) the Institutional Trustee
      determines in good faith that the withholding of such notice is in the interest
      of the Holders of such Capital Securities, except where the default relates
      to
      the payment of principal of or interest on any of the Debentures. Such notice
      shall state that such Indenture Event of Default also constitutes an Event
      of
      Default hereunder. Except with respect to directing the time, method and place
      of conducting a proceeding for a remedy, the Institutional Trustee shall not
      take any of the actions described in clause (i), (ii) or (iii) above unless
      the
      Institutional Trustee has obtained an opinion of tax counsel to the effect
      that,
      as a result of such action, the Trust will not be classified as other than
      a
      grantor trust for United States federal income tax purposes.

     

    
      
        
        

      

      
        A-I-11

        
          

        

      

      
        
        

      

    

     

    In
      the
      event the consent of the Institutional Trustee, as the holder of the Debentures
      is required under the Indenture with respect to any amendment, modification
      or
      termination of the Indenture, the Institutional Trustee may request the written
      direction of the Holders of the Securities with respect to such amendment,
      modification or termination and shall vote with respect to such amendment,
      modification or termination as directed by a Majority in liquidation amount
      of
      the Securities voting together as a single class; provided,
      however,
      that
      where a consent under the Indenture would require the consent of a Super
      Majority, the Institutional Trustee may only give such consent at the written
      direction of the Holders of not less than the proportion in liquidation amount
      of such Securities outstanding which the relevant Super Majority represents
      of
      the aggregate principal amount of the Debentures outstanding. The Institutional
      Trustee shall not take any such action in accordance with the written directions
      of the Holders of the Securities unless the Institutional Trustee has obtained
      an opinion of tax counsel to the effect that, as a result of such action, the
      Trust will not be classified as other than a grantor trust for United States
      federal income tax purposes.

     

    A
      waiver
      of an Indenture Event of Default will constitute a waiver of the corresponding
      Event of Default hereunder. Any required approval or direction of Holders of
      the
      Capital Securities may be given at a separate meeting of Holders of the Capital
      Securities convened for such purpose, at a meeting of all of the Holders of
      the
      Securities in the Trust or pursuant to written consent. The Institutional
      Trustee will cause a notice of any meeting at which Holders of the Capital
      Securities are entitled to vote, or of any matter upon which action by written
      consent of such Holders is to be taken, to be mailed to each Holder of record
      of
      the Capital Securities. Each such notice will include a statement setting forth
      the following information (i) the date of such meeting or the date by which
      such
      action is to be taken, (ii) a description of any resolution proposed for
      adoption at such meeting on which such Holders are entitled to vote or of such
      matter upon which written consent is sought and (iii) instructions for the
      delivery of proxies or consents. No vote or consent of the Holders of the
      Capital Securities will be required for the Trust to redeem and cancel Capital
      Securities or to distribute the Debentures in accordance with the Declaration
      and the terms of the Securities.

     

    
      
        
        

      

      
        A-I-12

        
          

        

      

      
        
        

      

    

     

    Notwithstanding
      that Holders of the Capital Securities are entitled to vote or consent under
      any
      of the circumstances described above, any of the Capital Securities that are
      owned by the Sponsor or any Affiliate of the Sponsor shall not entitle the
      Holder thereof to vote or consent and shall, for purposes of such vote or
      consent, be treated as if such Capital Securities were not
      outstanding.

     

    In
      no
      event will Holders of the Capital Securities have the right to vote to appoint,
      remove or replace the Administrators, which voting rights are vested exclusively
      in the Sponsor as the Holder of all of the Common Securities of the Trust.
      Under
      certain circumstances as more fully described in the Declaration, Holders of
      Capital Securities have the right to vote to appoint, remove or replace the
      Institutional Trustee and the Delaware Trustee.

     

    6. Voting
      Rights - Common Securities.

     

    (a) Except
      as
      provided under Sections 6(b), 6(c) and 7 and as otherwise required by law and
      the Declaration, the Common Securities will have no voting rights.

     

    (b) The
      Holders of the Common Securities are entitled, in accordance with Article IV
      of
      the Declaration, to vote to appoint, remove or replace any
      Administrators.

     

    (c) Subject
      to Section 6.8 of the Declaration and only after each Event of Default (if
      any)
      with respect to the Capital Securities has been cured, waived or otherwise
      eliminated and subject to the requirements of the second to last sentence of
      this paragraph, the Holders of a Majority in liquidation amount of the Common
      Securities, voting separately as a class, may direct the time, method, and
      place
      of conducting any proceeding for any remedy available to the Institutional
      Trustee, or exercising any trust or power conferred upon the Institutional
      Trustee under the Declaration, including (i) directing the time, method, place
      of conducting any proceeding for any remedy available to the Debenture Trustee,
      or exercising any trust or power conferred on the Debenture Trustee with respect
      to the Debentures, (ii) waiving any past default and its consequences that
      are
      waivable under the Indenture, or (iii) exercising any right to rescind or annul
      a declaration that the principal of all the Debentures shall be due and payable,
      provided, however, that, where a consent or action under the Indenture would
      require a Super Majority, the Institutional Trustee may only give such consent
      or take such action at the written direction of the Holders of not less than
      the
      proportion in liquidation amount of the Common Securities which the relevant
      Super Majority represents of the aggregate principal amount of the Debentures
      outstanding. Notwithstanding this Section 6(c), the Institutional Trustee shall
      not revoke any action previously authorized or approved by a vote or consent
      of
      the Holders of the Capital Securities. Other than with respect to directing
      the
      time, method and place of conducting any proceeding for any remedy available
      to
      the Institutional Trustee or the Debenture Trustee as set forth above, the
      Institutional Trustee shall not take any action described in clause (i), (ii)
      or
      (iii) above, unless the Institutional Trustee has obtained an opinion of tax
      counsel to the effect that for the purposes of United States federal income
      tax
      the Trust will not be classified as other than a grantor trust on account of
      such action. If the Institutional Trustee fails to enforce its rights under
      the
      Declaration, to the fullest extent permitted by law any Holder of the Common
      Securities may institute a legal proceeding directly against any Person to
      enforce the Institutional Trustee's rights under the Declaration, without first
      instituting a legal proceeding against the Institutional Trustee or any other
      Person.

     

    
      
        
        

      

      
        A-I-13

        
          

        

      

      
        
        

      

    

     

    Any
      approval or direction of Holders of the Common Securities may be given at a
      separate meeting of Holders of the Common Securities convened for such purpose,
      at a meeting of all of the Holders of the Securities in the Trust or pursuant
      to
      written consent. The Administrators will cause a notice of any meeting at which
      Holders of the Common Securities are entitled to vote, or of any matter upon
      which action by written consent of such Holders is to be taken, to be mailed
      to
      each Holder of the Common Securities. Each such notice will include a statement
      setting forth (i) the date of such meeting or the date by which such action
      is
      to be taken, (ii) a description of any resolution proposed for adoption at
      such
      meeting on which such Holders are entitled to vote or of such matter upon which
      written consent is sought and (iii) instructions for the delivery of proxies
      or
      consents.

     

    No
      vote
      or consent of the Holders of the Common Securities will be required for the
      Trust to redeem and cancel Common Securities or to distribute the Debentures
      in
      accordance with the Declaration and the terms of the Securities.

     

    7. Amendments
      to Declaration and Indenture.

     

    (a) In
      addition to any requirements under Section 11.1 of the Declaration, if any
      proposed amendment to the Declaration provides for, or the Trustees otherwise
      propose to effect, (i) any action that would adversely affect the powers,
      preferences or special rights of the Securities, whether by way of amendment
      to
      the Declaration or otherwise, or (ii) the Liquidation of the Trust, other than
      as described in Section 7.1 of the Declaration, then the Holders of outstanding
      Securities, voting together as a single class, will be entitled to vote on
      such
      amendment or proposal and such amendment or proposal shall not be effective
      except with the approval of the Holders of not less than a Majority in
      liquidation amount of the Securities affected thereby; provided, however, if
      any
      amendment or proposal referred to in clause (i) above would adversely affect
      only the Capital Securities or only the Common Securities, then only the
      affected class will be entitled to vote on such amendment or proposal and such
      amendment or proposal shall not be effective except with the approval of a
      Majority in liquidation amount of such class of Securities.

     

    (b) In
      the
      event the consent of the Institutional Trustee as the holder of the Debentures
      is required under the Indenture with respect to any amendment, modification
      or
      termination of the Indenture or the Debentures, the Institutional Trustee shall
      request the written direction of the Holders of the Securities with respect
      to
      such amendment, modification or termination and shall vote with respect to
      such
      amendment, modification, or termination as directed by a Majority in liquidation
      amount of the Securities voting together as a single class; provided, however,
      that where a consent under the Indenture would require a Super Majority, the
      Institutional Trustee may only give such consent at the written direction of
      the
      Holders of not less than the proportion in liquidation amount of the Securities
      which the relevant Super Majority represents of the aggregate principal amount
      of the Debentures outstanding.

     

    
      
        
        

      

      
        A-I-14

        
          

        

      

      
        
        

      

    

     

    (c) Notwithstanding
      the foregoing, no amendment or modification may be made to the Declaration
      if
      such amendment or modification would (i) cause the Trust to be classified for
      purposes of United States federal income taxation as other than a grantor trust,
      (ii) reduce or otherwise adversely affect the powers of the Institutional
      Trustee or (iii) cause the Trust to be deemed an "investment company" which
      is
      required to be registered under the Investment Company Act.

     

    (d) Notwithstanding
      any provision of the Declaration, the right of any Holder of the Capital
      Securities to receive payment of distributions and other payments upon
      redemption or otherwise, on or after their respective due dates, or to institute
      a suit for the enforcement of any such payment on or after such respective
      dates, shall not be impaired or affected without the consent of such Holder.
      For
      the protection and enforcement of the foregoing provision, each and every Holder
      of the Capital Securities shall be entitled to such relief as can be given
      either at law or equity.

     

    8. Pro
      Rata.
      A
      reference in these terms of the Securities to any payment, distribution or
      treatment as being "Pro Rata" shall mean pro rata to each Holder of the
      Securities according to the aggregate liquidation amount of the Securities
      held
      by the relevant Holder in relation to the aggregate liquidation amount of all
      Securities outstanding unless, in relation to a payment, an Event of Default
      has
      occurred and is continuing, in which case any funds available to make such
      payment shall be paid first to each Holder of the Capital Securities Pro Rata
      according to the aggregate liquidation amount of the Capital Securities held
      by
      the relevant Holder relative to the aggregate liquidation amount of all Capital
      Securities outstanding, and only after satisfaction of all amounts owed to
      the
      Holders of the Capital Securities, to each Holder of the Common Securities
      Pro
      Rata according to the aggregate liquidation amount of the Common Securities
      held
      by the relevant Holder relative to the aggregate liquidation amount of all
      Common Securities outstanding.

     

    9. Ranking.
      The
      Capital Securities rank pari passu with, and payment thereon shall be made
      Pro
      Rata with, the Common Securities except that, where an Event of Default has
      occurred and is continuing, the rights of Holders of the Common Securities
      to
      receive payment of Distributions and payments upon liquidation, redemption
      and
      otherwise are subordinated to the rights of the Holders of the Capital
      Securities with the result that no payment of any Distribution on, or Redemption
      Price or Special Redemption Price of, any Common Security, and no other payment
      on account of redemption, liquidation or other acquisition of Common Securities,
      shall be made unless payment in full in cash of all accumulated and unpaid
      Distributions on all outstanding Capital Securities for all distribution periods
      terminating on or prior thereto, or in the case of payment of the Redemption
      Price or Special Redemption Price the full amount of such Redemption Price
      or
      the Special Redemption Price on all outstanding Capital Securities then called
      for redemption, shall have been made or provided for, and all funds immediately
      available to the Institutional Trustee shall first be applied to the payment
      in
      full in cash of all Distributions on, or the Redemption Price or the Special
      Redemption Price of, the Capital Securities then due and payable.

     

    10. Acceptance
      of Guarantee and Indenture.
      Each
      Holder of the Capital Securities and the Common Securities, by the acceptance
      of
      such Securities, agrees to the provisions of the Guarantee, including the
      subordination provisions therein and to the provisions of the
      Indenture.

     

    
      
        
        

      

      
        A-I-15

        
          

        

      

      
        
        

      

    

     

    11. No
      Preemptive Rights.
      The
      Holders of the Securities shall have no, and the issuance of the Securities
      is
      not subject to, preemptive or similar rights to subscribe for any additional
      securities.

     

    12. Miscellaneous.
      These
      terms constitute a part of the Declaration. The Sponsor will provide a copy
      of
      the Declaration, the Guarantee, and the Indenture to a Holder without charge
      on
      written request to the Sponsor at its principal place of business.

     

    
      
        
        

      

      
        A-I-16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}]]