Document:

Exhibit 4.5

 

 

 

GUARANTEE
AGREEMENT

 

 

Dated as
of February 1, 2007

 

 

By and
Between

 

 

U.S.
BANCORP,

as
Guarantor

 

 

and

 

 

WILMINGTON
TRUST COMPANY,

as
Trustee

 

 

CROSS REFERENCE TABLE (1)

	
  Section of Trust

  	
   

  	
  Section of

  
	
  Indenture Act
  of

  	
   

  	
  Guarantee

  
	
  1939, as
  amended

  	
   

  	
  Agreement

  
	
  310(a)

  	
   

  	
  4.1(a)

  
	
  310(b)

  	
   

  	
  2.8; 4.1(c)

  
	
  310(c)

  	
   

  	
  Inapplicable

  
	
  311(a)

  	
   

  	
  2.2(b)

  
	
  311(b)

  	
   

  	
  2.2(b)

  
	
  311(c)

  	
   

  	
  Inapplicable

  
	
  312(a)

  	
   

  	
  2.2(a); 2.9

  
	
  312(b)

  	
   

  	
  2.2(b); 2.9

  
	
  312(c)

  	
   

  	
  2.9

  
	
  313(a)

  	
   

  	
  2.3

  
	
  313(b)

  	
   

  	
  2.3

  
	
  313(c)

  	
   

  	
  2.3

  
	
  313(d)

  	
   

  	
  2.3

  
	
  314(a)

  	
   

  	
  2.4

  
	
  314(b)

  	
   

  	
  Inapplicable

  
	
  314(c)

  	
   

  	
  2.5

  
	
  314(d)

  	
   

  	
  Inapplicable

  
	
  314(e)

  	
   

  	
  2.5

  
	
  314(f)

  	
   

  	
  Inapplicable

  
	
  315(a)

  	
   

  	
  3.1(d); 3.2(a)

  
	
  315(b)

  	
   

  	
  2.7(a)

  
	
  315(c)

  	
   

  	
  3.1(c)

  
	
  315(d)

  	
   

  	
  3.1(d)

  
	
  316(a)

  	
   

  	
  2.6; 5.4(a)

  
	
  316(b)

  	
   

  	
  5.3

  
	
  316(c)

  	
   

  	
  Inapplicable

  
	
  317(a)

  	
   

  	
  2.10

  
	
  317(b)

  	
   

  	
  Inapplicable

  
	
  318(a)

  	
   

  	
  2.1(b)

  

 

(1)           This Cross-Reference Table
does not constitute part of the Agreement and shall not have any bearing upon
the interpretation of any of its terms or provisions.

 

 ii
 

Table of Contents

	
  

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  ARTICLE 1 INTERPRETATION AND DEFINITIONS

  	
   

  	
  1

  
	
   

  	
   

  	
   

  
	
  SECTION 1.1.          Interpretation and Definitions

  	
   

  	
  1

  
	
   

  	
   

  	
   

  
	
  ARTICLE 2 TRUST
  INDENTURE ACT

  	
   

  	
  5

  
	
   

  	
   

  	
   

  
	
  SECTION 2.1.          Trust Indenture
  Act; Application

  	
   

  	
  5

  
	
  SECTION 2.2.          Lists of Holders
  of Securities

  	
   

  	
  5

  
	
  SECTION 2.3.          Reports by
  Guarantee Trustee

  	
   

  	
  5

  
	
  SECTION 2.4.          Periodic Reports
  to Guarantee Trustee

  	
   

  	
  5

  
	
  SECTION 2.5.          Evidence of
  Compliance with Conditions Precedent

  	
   

  	
  5

  
	
  SECTION 2.6.          Guarantee Event
  of Default; Waiver

  	
   

  	
  6

  
	
  SECTION 2.7.          Guarantee Event
  of Default; Notice

  	
   

  	
  6

  
	
  SECTION 2.8.          Conflicting
  Interests

  	
   

  	
  6

  
	
  SECTION 2.9.          Disclosure of
  Information

  	
   

  	
  6

  
	
  SECTION 2.10.        Guarantee Trustee
  May File Proofs of Claim

  	
   

  	
  6

  
	
   

  	
   

  	
   

  
	
  ARTICLE 3 POWERS, DUTIES AND RIGHTS OF GUARANTEE
  TRUSTEE

  	
   

  	
  7

  
	
   

  	
   

  	
   

  
	
  SECTION 3.1.          Powers and Duties
  of Guarantee Trustee

  	
   

  	
  7

  
	
  SECTION 3.2.          Certain Rights of
  Guarantee Trustee

  	
   

  	
  8

  
	
   

  	
   

  	
   

  
	
  ARTICLE 4
  GUARANTEE TRUSTEE

  	
   

  	
  10

  
	
   

  	
   

  	
   

  
	
  SECTION 4.1.          Guarantee
  Trustee; Eligibility

  	
   

  	
  10

  
	
  SECTION 4.2.          Appointment,
  Removal and Resignation of Guarantee Trustee

  	
   

  	
  11

  
	
   

  	
   

  	
   

  
	
  ARTICLE 5 GUARANTEE

  	
   

  	
  12

  
	
   

  	
   

  	
   

  
	
  SECTION 5.1.          Guarantee

  	
   

  	
  12

  
	
  SECTION 5.2.          Waiver of Notice
  and Demand

  	
   

  	
  12

  
	
  SECTION 5.3.          Obligations Not
  Affected

  	
   

  	
  12

  
	
  SECTION 5.4.          Rights of Holders

  	
   

  	
  13

  
	
  SECTION 5.5.          Guarantee of
  Payment

  	
   

  	
  14

  
	
  SECTION 5.6.          Subrogation

  	
   

  	
  14

  
	
  SECTION 5.7.          Independent
  Obligations

  	
   

  	
  14

  
	
   

  	
   

  	
   

  
	
  ARTICLE 6 LIMITATION OF TRANSACTIONS; SUBORDINATION

  	
   

  	
  14

  
	
   

  	
   

  	
   

  
	
  SECTION 6.1.          Limitation of
  Transactions

  	
   

  	
  14

  
	
  SECTION 6.2.          Ranking

  	
   

  	
  15

  
	
  SECTION 6.3.          Subordination of
  Common Securities

  	
   

  	
  15

  

 

 iii
 

 

	
  

  	
   

  	
   

  
	
  ARTICLE 7 TERMINATION

  	
   

  	
  15

  
	
   

  	
   

  	
   

  
	
  SECTION 7.1.          Termination

  	
   

  	
  15

  
	
   

  	
   

  	
   

  
	
  ARTICLE 8 INDEMNIFICATION

  	
   

  	
  15

  
	
   

  	
   

  	
   

  
	
  SECTION 8.1.          Indemnification

  	
   

  	
  15

  
	
   

  	
   

  	
   

  
	
  ARTICLE 9 MISCELLANEOUS

  	
   

  	
  16

  
	
   

  	
   

  	
   

  
	
  SECTION 9.1.          Successors and
  Assigns

  	
   

  	
  16

  
	
  SECTION 9.2.          Amendments

  	
   

  	
  16

  
	
  SECTION 9.3.          Notices

  	
   

  	
  16

  
	
  SECTION 9.4.          Benefit

  	
   

  	
  17

  
	
  SECTION 9.5.          Governing Law

  	
   

  	
  17

  

 

 iv

GUARANTEE
AGREEMENT

This GUARANTEE AGREEMENT (the “Guarantee”), dated as
of February 1, 2007, is executed
and delivered by U.S. BANCORP, a Delaware corporation (the “Guarantor”), and
WILMINGTON TRUST COMPANY, a Delaware banking corporation, as trustee (the
“Guarantee Trustee”), for the benefit of the Holders (as defined herein) from
time to time of the Securities (as defined herein) of USB CAPITAL XII, a
Delaware statutory trust (the “Trust”).

RECITALS

WHEREAS, pursuant to the Trust Agreement (as defined
herein), the Trust may issue up to $575,000,000aggregate
liquidation amount of capital securities, having a liquidation amount of $25.00 per security and designated the “6.30%
Trust Preferred Securities”of
the Trust (the “Capital Securities”) and $1,000,000 aggregate liquidation
amount of common securities, having a liquidation amount of $25.00 per security and designated the “6.30%
Common Securities” of the Trust (the “Common Securities” and, together with the
Capital Securities, the “Securities”);

WHEREAS, as incentive for the Holders to purchase the
Securities, the Guarantor desires irrevocably and unconditionally to agree, to
the extent set forth in this Guarantee, to pay to the Holders of the Securities
the Guarantee Payments (as defined herein) and to make certain other payments
on the terms and conditions set forth herein; and

WHEREAS, if a Trust Enforcement Event (as defined
herein) has occurred and is continuing, the rights of holders of the Common
Securities to receive Guarantee Payments (as defined herein) under this
Guarantee are subordinated to the rights of Holders of Capital Securities to
receive Guarantee Payments under this Guarantee;

NOW, THEREFORE, in consideration of the purchase by
each Holder of Securities, which purchase the Guarantor hereby agrees shall
benefit the Guarantor, the Guarantor executes and delivers this Guarantee for
the benefit of the Holders.

ARTICLE 1

INTERPRETATION AND
DEFINITIONS

SECTION 1.1         Interpretation and Definitions.  In this Guarantee, unless the context
otherwise requires:

(a)                                  capitalized
terms used in this Guarantee but not defined in the preamble above have the
respective meanings assigned to them in this Section 1.1;

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

 1
 

(c)                                  all
references to “the Guarantee” or “this Guarantee” are to this Guarantee as
modified, supplemented or amended from time to time;

(d)                                 all
references in this Guarantee to Articles, Sections and Recitals are to
Articles, Sections and Recitals of this Guarantee, unless otherwise specified;

(e)                                  unless
otherwise defined in this Guarantee, a term defined in the Trust Indenture Act
has the same meaning when used in this Guarantee;

(f)                                    a
reference to the singular includes the plural and vice versa and a reference to
any masculine form of a term shall include the feminine form of a term, as
applicable; and

(g)                                 the
following terms have the following meanings:

“Affiliate”
has the same meaning as given to that term in Rule 405 of the Securities Act of
1933, as amended, or any successor rule thereunder.

“Business Day”
has the meaning specified in the Trust Agreement.

“Capital Securities”
has the meaning specified in the Recitals hereto.

“Common Securities”
has the meaning specified in the Recitals hereto.

“Common Stock”
means the common stock, par value $0.01 per share, of the Guarantor.

“Corporate Trust
Office” means the principal office of the Guarantee Trustee at which
at any particular time its corporate trust business shall be administered,
which office at the date of execution of this Guarantee is located at 1100
Market Street, Wilmington, Delaware 19890.

“Deferral Period”
has the meaning specified in the Indenture.

“Global Security”
means a fully registered, global Capital Security, as defined in the Indenture,
representing the Capital Securities.

“Guarantee Event of
Default” means a default by the Guarantor on any of its payment or
other obligations under this Guarantee.

“Guarantee Payments”
means the following payments or distributions, without duplication, with
respect to the Securities, to the extent not paid by or on behalf of the Trust:
(i) any accumulated and unpaid Distributions (as defined in the Trust
Agreement) that are required to be paid on such Securities to the extent the
Trust has sufficient funds available therefor at the time, (ii) the
redemption price, including all accumulated and unpaid Distributions to the
date of redemption, with respect to any Securities called for redemption by the
Trust, to the extent the Trust shall have sufficient funds available therefor
at the time or (iii) upon a voluntary or involuntary dissolution,
winding-up or termination of the Trust (other than in 

 2
 

connection with the distribution of ICONs to the
Holders in exchange for Securities as provided in the Trust Agreement), the lesser
of (a) the aggregate of the liquidation amount and all accumulated and unpaid
Distributions on the Securities to the date of payment, to the extent the Trust
has sufficient funds available therefor and (b) the amount of assets of the
Trust remaining available for distribution to Holders in liquidation of the
Trust (in either case, the “Liquidation Distribution”).

“Guarantee Trustee”
means Wilmington Trust Company, until a Successor Guarantee Trustee has been
appointed and has accepted such appointment pursuant to the terms of this
Guarantee and thereafter means each such Successor Guarantee Trustee.

“Holder”
means any holder of Securities, as registered on the books and records of the
Trust; provided, however, that, in determining whether the Holders of the
requisite percentage of Capital Securities have given any request, notice,
consent or waiver hereunder, “Holder” shall not include the Guarantor or any
Affiliate of the Guarantor or any other obligor on the Capital Securities.

“ICONs” means
the series of 6.30% Income Capital Obligation Notes due 2067 designated the “6.30%
Income Capital Obligation Notes due 2067”, held by the Property Trustee as
defined in the Trust Agreement.

“Indenture”
means the Junior Subordinated Indenture dated as of April 28, 2005, between
U.S. Bancorp and Delaware Trust Company, National Association (the “Original
Indenture Trustee”), as supplemented by the First Supplemental Indenture dated
as of August 3, 2005, between U.S. Bancorp and the Original Indenture Trustee,
as further supplemented by the Second Supplemental Indenture dated as of
December 29, 2005, between U.S.
Bancorp, the Original Indenture Trustee, and Wilmington Trust Company, as
successor trustee (the “Successor Indenture Trustee”), as further supplemented
by the Third Supplemental Indenture dated as of March 17, 2006, between U.S.
Bancorp and the Successor Indenture Trustee, as further supplemented by the
Fourth Supplemental Indenture dated as of April 12, 2006, between U.S. Bancorp
and the Successor Indenture Trustee, as further supplemented by the Fifth
Supplemental Indenture dated as of August 30, 2006, between U.S. Bancorp and
the Successor Indenture Trustee and as further supplemented by the Sixth
Supplemental Indenture dated as of February 1, 2007, between U.S. Bancorp and
the Successor Indenture Trustee and any indenture supplemental thereto pursuant
to which the ICONs are to be issued to the Property Trustee, as defined in the
Trust Agreement.

“List of Holders”
has the meaning assigned to it in Section 2.2 hereof.

“Majority in
Liquidation Amount” means, except as provided in the terms of the
Capital Securities or by the Trust Indenture Act, Holder(s) 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 accumulated and
unpaid Distributions to the date upon which the voting percentages are
determined) of all outstanding Securities of the relevant class.  In determining whether the Holders of the
requisite amount of 

 3
 

Securities have voted, Securities which are owned by
the Guarantor or any Affiliate of the Guarantor or any other obligor on the
Securities shall be disregarded for the purpose of any such determination.

“Officers’
Certificate” means, with respect to any Person, a certificate signed
on behalf of such Person by two Authorized Officers (as defined in the Trust
Agreement) of such Person.  Any Officers’
Certificate delivered with respect to compliance with a condition or covenant
provided for in this Guarantee shall include:

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

(ii)                                  a
brief statement of the nature and scope of the examination or investigation
undertaken by each officer on behalf of such Person in rendering the Officers’
Certificate;

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

(iv)                              a
statement as to whether, in the opinion of each such officer acting on behalf
of such Person, such condition or covenant has been complied with.

“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.

“Redemption Price”
has the meaning specified in the Trust Agreement.

“Responsible
Officer” means, with respect to the Guarantee Trustee, any officer
with direct responsibility for the administration of this Guarantee 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”
has the meaning specified in the Recitals hereto.

“Successor
Guarantee Trustee” means a successor Guarantee Trustee possessing
the qualifications to act as Guarantee Trustee under Section 4.1.

“Trust Agreement”
means the Amended and Restated Trust Agreement, dated as of the date hereof, as
amended, modified or supplemented from time to time, among the trustees of the
Trust named therein, the Guarantor, as sponsor, and the Holders, from time to
time, of undivided beneficial ownership interests in the assets of the Trust.

 4
 

“Trust Enforcement
Event” in respect of the Securities means an Event of Default (as
defined in the Indenture) has occurred and is continuing in respect of the
ICONs.

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

ARTICLE 2

TRUST INDENTURE ACT

SECTION 2.1                                                  Trust
Indenture Act; Application.  (a)    This
Guarantee is subject to the provisions of the Trust Indenture Act that are
required to be part of this Guarantee and shall, to the extent applicable, be
governed by such provisions.

(b)                                 If and to the extent
that any provision of this Guarantee limits, qualifies or conflicts with the
duties imposed by Sections 310 to 317, inclusive, of the Trust Indenture Act,
such imposed duties shall control.

SECTION 2.2                                                  Lists
of Holders of Securities.  (a)    The
Guarantor shall provide the Guarantee Trustee (i) except while the Capital
Securities are represented by one or more Global Securities, at least two
Business Days prior to the date for payment of Distributions, a list, in such
form as the Guarantee Trustee may reasonably require, of the names and
addresses of the Holders of the Securities (“List of Holders”) as of the record
date relating to the payment of such Distributions, and (ii) at any other
time, within 30 days of receipt by the Guarantor of a written request from the
Guarantee Trustee for a List of Holders as of a date no more than 15 days
before such List of Holders is given to the Guarantee Trustee; provided that
the Guarantor shall not be obligated to provide such List of Holders at any
time the List of Holders does not differ from the most recent List of Holders
given to the Guarantee Trustee by the Guarantor.  The Guarantee Trustee shall preserve, in as
current a form as is reasonably practicable, all information contained in Lists
of Holders given to it, provided that the Guarantee Trustee may destroy any
List of Holders previously given to it on receipt of a new List of Holders.

(b)                                 The Guarantee Trustee
shall comply with its obligations under Sections 311(a), 311(b) and 312(b) of
the Trust Indenture Act.

SECTION 2.3                                                  Reports
by Guarantee Trustee.  Within 60 days
after May 15 of each year (commencing with the year of the first anniversary of
the issuance of the Securities), the Guarantee Trustee shall provide to the
Holders of the Securities such reports as are required by Section 313 of the
Trust Indenture Act (if any) in the form and in the manner provided by Section
313 of the Trust Indenture Act.  The
Guarantee Trustee shall also comply with the requirements of Section 313(d) of
the Trust Indenture Act.

SECTION 2.4                                                  Periodic
Reports to Guarantee Trustee.  The
Guarantor shall provide to the Guarantee Trustee such documents, reports and
information as required by Section 314(a) (if any) of the Trust Indenture Act
and the compliance certificate required by Section 314(a) of the Trust
Indenture Act in the form, in the manner and at the times required by Section
314(a) of the Trust Indenture Act, but in no event later than 120 days after
the end of each calendar year.

 5
 

SECTION 2.5                                                  Evidence
of Compliance with Conditions Precedent. 
The Guarantor shall provide to the Guarantee Trustee such evidence of
compliance with any conditions precedent, if any, provided for in this
Guarantee that relate to any of the matters set forth in Section 314(c) of the
Trust Indenture Act.  Any certificate or
opinion required to be given by an officer pursuant to Section 314(c)(1) may be
given in the form of an Officers’ Certificate.

SECTION 2.6                                                  Guarantee
Event of Default; Waiver.  The Holders of a Majority in
Liquidation Amount of the Capital Securities may, by vote or written consent,
on behalf of the Holders of all of the Securities, waive any past Guarantee
Event of Default and its consequences. 
Upon such waiver, any such Guarantee Event of Default shall cease to
exist, and any Guarantee Event of Default arising therefrom shall be deemed to
have been cured, for every purpose of this Guarantee, but no such waiver shall
extend to any subsequent or other default or Guarantee Event of Default or
impair any right consequent thereon.

SECTION 2.7                                                  Guarantee
Event of Default; Notice.  (a)    The
Guarantee Trustee shall, within 90 days after the occurrence of a Guarantee
Event of Default actually known to a Responsible Officer of the Guarantee
Trustee, transmit by mail, first class postage prepaid, to the Holders of the
Securities, notices of all such Guarantee Events of Default, unless such
defaults have been cured before the giving of such notice; provided, that the
Guarantee Trustee shall be protected in withholding such notice if and so long
as a Responsible Officer of the Guarantee Trustee in good faith determines that
the withholding of such notice is in the interests of the Holders of the
Securities.

(b)                                 The Guarantee Trustee
shall not be deemed to have knowledge of any Guarantee Event of Default unless
the Guarantee Trustee shall have received written notice thereof or a
Responsible Officer of the Guarantee Trustee charged with the administration of
this Guarantee Agreement shall have obtained actual knowledge thereof.

SECTION 2.8                                                  Conflicting
Interests.  The Trust Agreement shall be deemed to be
specifically described in this Guarantee for the purposes of clause (i) of the
first proviso contained in Section 310(b) of the Trust Indenture Act.

SECTION 2.9                                                  Disclosure
of Information.  The disclosure of information as to the names
and addresses of the Holders of the 
Securities in accordance with Section 312 of the Trust Indenture Act,
regardless of the source from which such information was derived, shall not be
deemed to be a violation of any existing law, or any law hereafter enacted
which does not specifically refer to Section 312 of the Trust Indenture Act,
nor shall the Guarantee Trustee be held accountable by reason of mailing any
material pursuant to a request made under Section 312(b) of the Trust Indenture
Act.

SECTION 2.10                                            Guarantee
Trustee May File Proofs of Claim.  Upon the occurrence of a
Guarantee Event of Default, the Guarantee Trustee is hereby authorized to (a)
recover judgment, in its own name and as trustee of an express trust, against
the Guarantor for the whole amount of any Guarantee Payments remaining unpaid
and (b) file such proofs of claim and other papers or documents as may be
necessary or advisable in order to have its claims and those of the Holders of
the Securities allowed in any judicial proceedings relative to the Guarantor,
its creditors or its property.

 6
 

ARTICLE 3

POWERS, DUTIES AND RIGHTS
OF

GUARANTEE TRUSTEE

SECTION 3.1.                                               Powers
and Duties of Guarantee Trustee.

(a)                                  This Guarantee shall
be held by the Guarantee Trustee on behalf of the Trust for the benefit of the
Holders of the Securities, and the Guarantee Trustee shall not transfer this
Guarantee to any Person except a Holder of Securities exercising his or her
rights pursuant to Section 5.4(b) or to a Successor Guarantee Trustee on
acceptance by such Successor Guarantee Trustee of its appointment to act as
Successor Guarantee Trustee.  The right,
title and interest of the Guarantee Trustee in and to this Guarantee shall
automatically vest in any Successor Guarantee Trustee, and such vesting and
succession of title shall be effective whether or not conveyance documents have
been executed and delivered pursuant to the appointment of such Successor
Guarantee Trustee.

(b)                                 If a Guarantee Event
of Default actually known to a Responsible Officer of the Guarantee Trustee has
occurred and is continuing, the Guarantee Trustee shall enforce this Guarantee
for the benefit of the Holders of the Securities.

(c)                                  The Guarantee
Trustee, before the occurrence of any Guarantee Event of Default and after the
curing of all Guarantee Events of Default that may have occurred, shall
undertake to perform only such duties as are specifically set forth in this
Guarantee, and no implied covenants shall be read into this Guarantee against
the Guarantee Trustee.  In case a
Guarantee Event of Default has occurred (that has not been cured or waived
pursuant to Section 2.6) and is actually known to a Responsible Officer of the
Guarantee Trustee, the Guarantee Trustee shall exercise such of the rights and
powers vested in it by this Guarantee, and use the same degree of care and
skill in its exercise thereof, as a prudent person would exercise or use under
the circumstances in the conduct of his or her own affairs.

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

(i)                                     prior
to the occurrence of any Guarantee Event of Default and after the curing or
waiving of all such Guarantee Events of Default that may have occurred:

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

 7
 

(B)                                in
the absence of bad faith on the part of the Guarantee Trustee, the Guarantee
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 Guarantee Trustee and conforming to the requirements
of this Guarantee; but in the case of any such certificates or opinions that by
any provision hereof are specifically required to be furnished to the Guarantee
Trustee, the Guarantee Trustee shall be under a duty to examine the same to
determine whether or not they conform to the requirements of this Guarantee;

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

(iii)                               the
Guarantee 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 Securities
relating to the time, method and place of conducting any proceeding for any
remedy available to the Guarantee Trustee, or exercising any trust or power
conferred upon the Guarantee Trustee under this Guarantee; and

(iv)                              no
provision of this Guarantee shall require the Guarantee 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, if the Guarantee Trustee shall have reasonable grounds for believing
that the repayment of such funds or liability is not reasonably assured to it
under the terms of this Guarantee or if the Guarantee Trustee shall have
reasonable grounds for believing that an indemnity, reasonably satisfactory to
the Guarantee Trustee, against such risk or liability is not reasonably assured
to it under the terms of this Guarantee.

SECTION 3.2.                                               Certain
Rights of Guarantee Trustee.  (a)    Subject
to the provisions of Section 3.1:

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

(ii)                                  Any
direction or act of the Guarantor contemplated by this Guarantee shall be
sufficiently evidenced by an Officers’ Certificate;

 8
 

(iii)                               Whenever,
in the administration of this Guarantee, the Guarantee Trustee shall deem it
desirable that a matter be proved or established before taking, suffering or
omitting any action hereunder, the Guarantee 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 Guarantor;

(iv)                              The
Guarantee Trustee shall have no duty to see to any recording, filing or
registration or any instrument (or any rerecording, refiling or re-registration
thereof);

(v)                                 The
Guarantee Trustee may consult with counsel, and the advice or opinion of such
counsel with respect to legal matters 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.  Such counsel may be counsel to the Guarantor
or any of its Affiliates and may include any of its employees.  The Guarantee Trustee shall have the right at
any time to seek instructions concerning the administration of this Guarantee
from any court of competent jurisdiction;

(vi)                              The
Guarantee Trustee shall be under no obligation to exercise any of the rights or
powers vested in it by this Guarantee at the request or direction of any
Holder, unless such Holder shall have provided to the Guarantee Trustee such
security and indemnity, reasonably satisfactory to the Guarantee Trustee,
against the costs, expenses (including attorneys’ fees and expenses and the
expenses of the Guarantee Trustee’s agents, nominees or custodians) and liabilities
that might be incurred by it in complying with such request or direction,
including such reasonable advances as may be requested by the Guarantee
Trustee; provided, that nothing contained in this Section 3.2(a)(vi) shall be
taken to relieve the Guarantee Trustee, upon the occurrence of a Guarantee
Event of Default, of its obligation to exercise the rights and powers vested in
it by this Guarantee;

(vii)                           The
Guarantee Trustee shall not be bound to make any investigation into the facts
or matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture,
note, other evidence of indebtedness or other paper or document, but the
Guarantee Trustee, in its discretion, may make such further inquiry or
investigation into such facts or matters as it may see fit;

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

(ix)                                Any
action taken by the Guarantee Trustee or its agents hereunder shall bind the
Holders, and the signature of the Guarantee Trustee or its agents

 9
 

alone shall be
sufficient and effective to perform any such action.  No third party shall be required to inquire
as to the authority of the Guarantee Trustee to so act or as to its compliance
with any of the terms and provisions of this Guarantee, both of which shall be
conclusively evidenced by the Guarantee Trustee’s or its agent’s taking such
action; and

(x)                                   Whenever
in the administration of this Guarantee, the Guarantee Trustee shall deem it
desirable to receive instructions with respect to enforcing any remedy or right
or taking any other action hereunder, the Guarantee Trustee (i) may request
written instructions from the Holders of a Majority in Liquidation Amount of
the Securities, (ii) may refrain from enforcing such remedy or right or taking
such other action until such written instructions are received and (iii) shall
be protected in conclusively relying on or acting in accordance with such
written instructions.

(b)                                 No provision of this
Guarantee shall be deemed to impose any duty or obligation on the Guarantee
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 Guarantee Trustee shall be unqualified or incompetent
to act 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 Guarantee Trustee shall be construed to be a duty.

ARTICLE 4

GUARANTEE TRUSTEE

SECTION 4.1.                                               Guarantee
Trustee; Eligibility.

(a)                                  There shall be at all
times a Guarantee Trustee which shall:

(i)                                     not
be an Affiliate of the Guarantor; and

(ii)                                  be
a corporation organized and doing business under the laws of the United States
of America or any state or territory thereof or of the District of Columbia, or
a corporation or other Person permitted by the Securities and Exchange
Commission to act as an institutional trustee under the Trust Indenture Act,
authorized under such laws to exercise corporate trust powers, having a
combined capital and surplus of at least 50 million U.S. dollars ($50,000,000),
and subject to supervision or examination by federal, state, territorial or District
of Columbia authority.  If such
corporation 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 4.1(a)(ii), the combined capital
and surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published.

 10
 

(b)                                 If at any time the
Guarantee Trustee shall cease to be eligible to so act under Section 4.1(a),
the Guarantee Trustee shall immediately resign in the manner and with the
effect set out in Section 4.2(c).

(c)                                  If the Guarantee
Trustee has or shall acquire any “conflicting interest” within the meaning of
Section 310(b) of the Trust Indenture Act, the Guarantee Trustee and Guarantor
shall in all respects comply with the provisions of Section 310(b) of the Trust
Indenture Act.

SECTION 4.2.                                               Appointment,
Removal and Resignation of Guarantee Trustee.

(a)                                  Subject to Section
4.2(b), unless a Guarantee Event of Default shall have occurred and be
continuing, the Guarantee Trustee may be appointed or removed with or without
cause at any time by the Guarantor.

(b)                                 The Guarantee Trustee
shall not be removed in accordance with Section 4.2(a) until a Successor
Guarantee Trustee has been appointed and has accepted such appointment by
written instrument executed by such Successor Guarantee Trustee and delivered
to the Guarantor.

(c)                                  The Guarantee Trustee
appointed to office shall hold such office until a Successor Guarantee Trustee
shall have been appointed or until its removal or resignation.  The Guarantee Trustee may resign from office
(without need for prior or subsequent accounting) by an instrument in writing executed
by the Guarantee Trustee and delivered to the Guarantor, which resignation
shall not take effect until a Successor Guarantee Trustee has been appointed
and has accepted such appointment by instrument in writing executed by such
Successor Guarantee Trustee and delivered to the Guarantor and the resigning
Guarantee Trustee.

(d)                                 If no Successor
Guarantee Trustee shall have been appointed and accepted appointment as
provided in this Section 4.2 within 60 days after delivery to the Guarantor of
an instrument of removal or resignation, the removed or resigning Guarantee
Trustee may petition any court of competent jurisdiction for appointment of a
Successor Guarantee Trustee.  Such court
may thereupon, after prescribing such notice, if any, as it may deem proper,
appoint a Successor Guarantee Trustee.

(e)                                No Guarantee Trustee
shall be liable for the acts or omissions to act of any Successor Guarantee
Trustee.

(f)                                    Upon termination of
this Guarantee or removal or resignation of the Guarantee Trustee pursuant to
this Section 4.2, the Guarantor shall pay to the Guarantee Trustee all amounts
owing for fees and reimbursement of expenses which have accrued to the date of
such termination, removal or resignation.

 11
 

ARTICLE 5

GUARANTEE

SECTION 5.2.                                               Guarantee.

The Guarantor irrevocably and unconditionally agrees
to pay in full to the Holders the Guarantee Payments (without duplication of
amounts theretofore paid by the Trust), as and when due, regardless of any
defense, right of set-off or counterclaim that the Trust may have or assert.  The Guarantor’s obligation to make a
Guarantee Payment may be satisfied by direct payment of the required amounts by
the Guarantor to the Holders or by causing the Trust to pay such amounts to the
Holders.  Notwithstanding anything to the
contrary herein, the Guarantor retains all of its rights under the Indenture to
defer the interest payments on the ICONs pursuant to the terms thereof and the
Guarantor shall not be obligated hereunder to make any Guarantee Payments
during any Extension Period or APM Period (as defined in the Indenture) with
respect to the Distributions (as defined in the Trust Agreement) on the
Securities.

SECTION 5.2.                                               Waiver
of Notice and Demand.

The Guarantor hereby waives notice of acceptance of
this Guarantee and of any liability to which it applies or may apply,
presentment, demand for payment, any right to require a proceeding first
against the Trust or any other Person before proceeding against the Guarantor,
protest, notice of nonpayment, notice of dishonor, notice of redemption and all
other notices and demands.

SECTION 5.3.                                               Obligations
Not Affected.

The obligations, covenants, agreements and duties of
the Guarantor under this Guarantee shall be absolute and unconditional and
shall remain in full force and effect until the entire liquidation amount of all
outstanding Securities shall have been paid and such obligation shall in no way
be affected or impaired by reason of the happening from time to time of any
event, including without limitation, the following, whether or not with notice
to, or the consent of, the Guarantor:

(a)                                  The
release or waiver, by operation of law or otherwise, of the performance or
observance by the Trust of any express or implied agreement, covenant, term or
condition relating to the Securities to be performed or observed by the Trust;

(b)                                 The
extension of time for the payment by the Trust of all or any portion of the
Distributions, Redemption Price, Liquidation Distribution or any other sums
payable under the terms of the Securities or the extension of time for the
performance of any other obligation under, arising out of, or in connection
with the Securities (other than an extension of time for payment of
Distributions, Redemption Price, Liquidation Distribution or other sum payable
that results from the extension of any interest payment period on the ICONs);

(c)                                  Any
failure, omission, delay or lack of diligence on the part of the Property
Trustee or the Holders to enforce, assert or exercise any right, privilege,
power 

 12
 

or remedy
conferred on the Property Trustee or the Holders pursuant to the terms of the
Securities, or any action on the part of the Trust granting indulgence or
extension of any kind;

(d)                                 The
voluntary or involuntary liquidation, dissolution, sale of any collateral,
receivership, insolvency, bankruptcy, assignment for the benefit of creditors,
reorganization, arrangement, composition or readjustment of debt of, or other
similar proceedings affecting, the Trust or any of the assets of the Trust;

(e)                                  Any
invalidity of, or defect or deficiency in, the Securities;

(f)                                    The
settlement or compromise of any obligation guaranteed hereby or hereby
incurred; or

(g)                                 Any
other circumstance whatsoever that might otherwise constitute a legal or
equitable discharge or defense of a guarantor, it being the intent of this
Section 5.3 that the obligations of the Guarantor hereunder shall be absolute
and unconditional under any and all circumstances.

There shall be no
obligation of the Guarantee Trustee or the Holders to give notice to, or obtain
consent of the Guarantor or any other Person with respect to the happening of
any of the foregoing.

No setoff, counterclaim,
reduction or diminution of any obligation, or any defense of any kind or nature
that the Guarantor has or may have against any Holder shall be available
hereunder to the Guarantor against such Holder to reduce the payments to it
under this Guarantee.

SECTION 5.4.                                               Rights
of Holders.

(a)                                  The Holders of at
least a Majority in Liquidation Amount of the Securities have the right to
direct the time, method and place of conducting any proceeding for any remedy
available to the Guarantee Trustee in respect of this Guarantee or to direct
the exercise of any trust or power conferred upon the Guarantee Trustee under
this Guarantee.

(b)                                 If the Guarantee
Trustee fails to enforce this Guarantee, then any Holder of Securities may,
subject to the subordination provisions of Section 6.2, institute a legal
proceeding directly against the Guarantor to enforce the Guarantee Trustee’s
rights under this Guarantee without first instituting a legal proceeding
against the Trust, the Guarantee Trustee or any other person or entity.  In addition, if the Guarantor has failed to
make a Guarantee Payment, a Holder of Securities may, subject to the
subordination provisions of Section 6.2, directly institute a proceeding
against the Guarantor for enforcement of the Guarantee for such payment to the
Holder of the Securities of the principal of or interest on the ICONs on or
after the respective due dates specified in the ICONs, and the amount of the
payment will be based on the Holder’s pro rata share of the amount due and
owing on all of the Securities.  The
Guarantor hereby waives any right or remedy to require that any action on this
Guarantee be brought first against the Trust or any other person or entity before
proceeding directly against the Guarantor.

 13
 

SECTION 5.5.                                               Guarantee
of Payment.

This Guarantee creates a guarantee of payment and not
of collection.

SECTION 5.6.                                               Subrogation.

The Guarantor shall be subrogated to all (if any)
rights of the Holders of Securities against the Trust in respect of any amounts
paid to such Holders by the Guarantor under this Guarantee; provided, however,
that the Guarantor shall not (except to the extent required by mandatory
provisions of law) be entitled to enforce or exercise any right that it may
acquire by way of subrogation or any indemnity, reimbursement or other
agreement, in all cases as a result of payment under this Guarantee, if at the
time of any such payment, any amounts are due and unpaid under this Guarantee.  If any amount shall be paid to the Guarantor
in violation of the preceding sentence, the Guarantor agrees to hold such
amount in trust for the Holders and to pay over such amount to the Guarantee
Trustee for the benefit of the Holders.

SECTION 5.7.                                               Independent
Obligations.

The Guarantor acknowledges that its obligations
hereunder are independent of the obligations of the Trust with respect to the
Securities, and that the Guarantor shall be liable as principal and as debtor
hereunder to make Guarantee Payments pursuant to the terms of this Guarantee
notwithstanding the occurrence of any event referred to in subsections 5.3(a)
through 5.3(g), inclusive, hereof.

ARTICLE 6

LIMITATION OF
TRANSACTIONS; SUBORDINATION

SECTION 6.1.                                               Limitation
of Transactions.

So long as any Securities remain outstanding,
(i) if there shall have occurred an Event of Default (as defined in the
Indenture) with respect to the ICONs, (ii) if there shall have occurred a
Guarantee Event of Default or (iii) during any Deferral Period as provided
in the Indenture, then the Guarantor shall not, and shall not permit any
subsidiary of the Guarantor, to (x) declare or pay any dividends or
distributions on, or redeem, purchase, acquire or make a liquidation payment
with respect to, any of the Guarantor’s capital stock or (y) make any payment
of principal, interest or premium, if any, on or repay, purchase or redeem any
debt securities of the Guarantor that rank pari
passu with or junior in interest to the ICONs, other than pro rata
payments of accrued and unpaid interest on the ICONs and any other debt
securities of the Guarantor that rank equally with the ICONs except and to the
extent the terms of any such debt securities would prohibit the Guarantor from
making such pro rata payment or (z) make any guarantee payments with respect to
any guarantee by the Guarantor of the debt securities of any subsidiary of the
Guarantor if such guarantee ranks pari passu
with or junior in interest to the this Guarantee, other than pro rata payments
of accrued and unpaid amounts on this Guarantee and any other guarantees by the
Guarantor of debt securities of any subsidiary of the Guarantor that rank
equally with this Guarantee except and to the extent the terms of any such debt
securities would prohibit the Guarantor from making such pro rata payment
(other than (a)

 14
 

dividends or distributions in Common Stock of the
Guarantor, (b) any declaration of a dividend in connection with the
implementation of a rights plan or the issuance of stock under any such plan or
the redemption or repurchase of any such rights pursuant thereto, (c) payments
under this Guarantee and (d) purchases of Common Stock related to the issuance
of Common Stock or rights under any of the Company’s benefits plans for its
directors, officers or employees).

SECTION 6.2.                                               Ranking.

This Guarantee will constitute an unsecured obligation
of the Guarantor and will rank subordinate and junior in right of payment
to all Senior and Subordinated Debt (as defined in Section 3.1(o) of the Sixth
Supplemental Indenture) of the Guarantor in the same manner and to the same
extent as set forth in Article XIII of the Indenture.

SECTION 6.3.                                               Subordination
of Common Securities.

If a Trust Enforcement Event has occurred and is
continuing under the Trust Agreement, the rights of the holders of the Common
Securities to receive Guarantee Payments hereunder shall be subordinated to the
rights of the Holders of the Capital Securities to receive Guarantee Payments
under this Guarantee.

ARTICLE 7

TERMINATION

SECTION 7.1.                                               Termination.

This Guarantee shall terminate upon (i) full
payment of the Redemption Price of all Securities, (ii) distribution of
the ICONs to the Holders of all the Securities or (iii) full payment of
the amounts payable in accordance with the Trust Agreement upon liquidation of
the Trust.  Notwithstanding the
foregoing, this Guarantee will continue to be effective or will be reinstated,
as the case may be, if at any time any Holder of Securities must restore
payment of any sums paid under the Securities or under this Guarantee.

ARTICLE 8

INDEMNIFICATION

SECTION 8.1.                                               Indemnification.

The Guarantor agrees to indemnify each ICON Issuer
Indemnified Person, the Property Trustee and the Delaware Trustee (as each such
term is defined in the Trust Agreement) for, and to hold each such Person
harmless against any loss, liability or expense incurred without negligence or
bad faith on its part, arising out of or in connection with the acceptance or
administration of the trust or trusts hereunder, including the reasonable costs
and expenses of defending itself against, or investigating, any claim or
liability in connection with the exercise or performance of any of its powers
or duties hereunder.  The provisions of
this Section 8.1 shall survive the termination of this Guarantee or the
resignation or removal of the Guarantee Trustee.

 15
 

ARTICLE 9

MISCELLANEOUS

SECTION 9.1.                                               Successors
and Assigns.

All guarantees and agreements contained in this
Guarantee shall bind the successors, assigns, receivers, trustees and
representatives of the Guarantor and shall inure to the benefit of the Holders
of the Securities then outstanding. 
Except in connection with a consolidation, merger or sale involving the
Guarantor that is permitted under Article VIII of the Indenture and pursuant to
which the successor or assignee agrees in writing to perform the Guarantor’s
obligations hereunder, the Guarantor shall not assign its obligations
hereunder.

SECTION 9.2.                                               Amendments.

Except with respect to any changes that do not
materially adversely affect the rights of the Holders (in which case no consent
of the Holders will be required), this Guarantee may not be amended without the
prior approval of the Holders of at least a Majority in Liquidation Amount of
the Securities.  The provisions of
Section 11.2 of the Trust Agreement with respect to meetings of, and action by
written consent of, the Holders of the Securities apply to the giving of such
approval.

SECTION 9.3.                                               Notices.

All notices provided for in this Guarantee shall be in
writing, duly signed by the party giving such notice, and shall be delivered by
hand, telecopied or mailed by registered or certified mail, as follows:

(a)                                  If
given to the Guarantee Trustee, at the Guarantee Trustee’s mailing address set
forth below (or such other address as the Guarantee Trustee may give notice of
to the Guarantor and the Holders of the Securities):

Wilmington Trust Company

1100 North Market Street

Wilmington, Delaware 19890

Facsimile No.: (302) 636-4145

Attention: Corporate Trust Administration 

(b)                                 If
given to the Guarantor, at the Guarantor’s mailing addresses set forth below
(or such other address as the Guarantor may give notice of to the Guarantee
Trustee and the Holders of the Securities):

 16
 

U.S. Bancorp

800 Nicollet Mall

Minneapolis, Minnesota 55402

Facsimile No.: (612) 303-1338

Attention: 
Treasury Department

 

(c)                                  If
given to any Holder of Securities, 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.

SECTION 9.4.                                               Benefit.

This Guarantee is solely for the benefit of the
Holders of the Securities and, subject to Section 3.1(a), is not separately
transferable from the Securities.

SECTION
9.5.                                               Governing
Law.  THIS GUARANTEE SHALL BE
GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAW OF THE
STATE OF NEW YORK.

[The
remainder of this page left blank intentionally; the signature page follows.]

 17
 

IN WITNESS
WHEREOF, this Guarantee is executed as of the day and year first above written.

	
  

  	
  U.S. BANCORP,

  
	
   

  	
    as Guarantor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Daryl N. Bible

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Daryl N. Bible

  
	
   

  	
   

  	
  Title: 

  	
  Executive Vice President and Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  
	
   

  	
  WILMINGTON TRUST COMPANY,

  	 

	
   

  	
    as Guarantee Trustee

  	 

	
   

  	
   

  	 

	
   

  	
   

  	 

	
   

  	
  By:

  	
  /s/ Denise M. Geran

  	
   

  	 

	
   

  	
   

  	
  Name: Denise M. Geran

  	 

	
   

  	
   

  	
  Title: Vice President

  	 

						

 

 18Exhibit 4.8

	
   

  	
  State
  of Delaware

  
	
   

  	
  Secretary
  of State

  
	
   

  	
  Division
  of Corporations

  
	
   

  	
  Delivered
  11:53 AM 01/18/2006

  
	
   

  	
  FILED
  11:53 AM 01/18/2006

  
	
   

  	
  SRV
  060046324 - 3961742 FILE

  

 

RESTATED

CERTIFICATE OF TRUST

OF

USB CAPITAL XII

THIS RESTATED CERTIFICATE
OF TRUST of USB CAPITAL XII (the “Trust”) is being duly executed and filed by
the undersigned, as trustees, to amend and restate under the Delaware Statutory
Trust Act (12 Del. C (Section) 3801 et seq.) the Certificate of Trust of the
Trust which was originally filed on April 27, 2005.

The
Certificate of Trust is hereby amended and restated in its entirety to read as
follows:

1.        NAME. The name of the statutory trust is
USB Capital XII.

2.        DELAWARE TRUSTEE. The name and business
address of the trustee of the Trust with a principal place of business in the
State of Delaware are Wilmington Trust Company, 1100 North Market Street,
Wilmington, Delaware 19890.

3.        EFFECTIVE DATE. This Restated
Certificate of Trust shall be effective upon filing.

[Signature page
follows]

IN WITNESS WHEREOF, the
undersigned, being the trustees of the Trust, have executed this Restated
Certificate of Trust as of the date first above written.

	
  

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

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kristin L. Moore

  	
   

  
	
   

  	
   

  	
  Name: Kristin L. Moore

  	
   

  
	
   

  	
   

  	
  Title: Financial Services Officer

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  /s/ David M.
  Moffett

  	
   

  
	
   

  	
  David M. Moffett, not in his individual capacity but
  solely as Administrative Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Daryl N.
  Bible

  	
   

  
	
   

  	
  Daryl N. Bible, not in his individual capacity but
  solely as Administrative Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Lee R. Mitau

  	
   

  
	
   

  	
  Lee R. Mitau, not in his individual capacity but
  solely as Administrative Trustee

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