Document:

exv4whh

Exhibit
4(hh)

BANK OF AMERICA CORPORATION

 

FIRST SUPPLEMENTAL INDENTURE

Dated as
of February 23, 2011

Supplementing the Subordinated Debt Securities Amended and Restated Indenture,

dated as of July 1, 2001, between

Bank of America Corporation and The Bank of New York Mellon Trust Company, N.A.

(successor trustee to The Bank of New York), as Trustee

 

 

     THIS
FIRST SUPPLEMENTAL INDENTURE, dated as of February 23, 2011 (the “First Supplemental
Indenture”), is made by and between BANK OF AMERICA CORPORATION, a Delaware Corporation (the
“Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association
(the “Trustee”), under the Indenture referred to herein.

WITNESSETH:

     WHEREAS, the Company and the Trustee previously executed and delivered a Subordinated Debt
Securities Amended and Restated Indenture, dated as of July 1, 2001 (the “Indenture”);

     WHEREAS, pursuant to the Indenture, the Company has issued and the Trustee has authenticated
and delivered one or more series of the Company’s subordinated debt securities (the “Notes”) and
anticipates additional issues in the future;

     WHEREAS, the Company has determined that it is advisable and in the interests of the Company
and the holders of its subordinated unsecured debt to be issued under the Indenture that the
Indenture be amended and supplemented to permit and authorize additional officers of the Company to
execute and deliver notes evidencing the debt issued under the Indenture;

     WHEREAS, Section 10.01(d) of the Indenture provides that the Company and the Trustee may amend
the Indenture without consent of the holders of the Notes in order to cure any ambiguity or to
correct or supplement any provision contained in the Indenture which may be defective or
inconsistent with any other provisions contained in the Indenture or to make such other provisions
in regard to matters or questions arising under the Indenture as shall not adversely affect the
interests of holders of the Notes, including provisions necessary or desirable to provide for or
facilitate the administration of the trusts under the Indenture;

     WHEREAS, Section 10.01(f) of the Indenture provides that the Company and the Trustee may amend
the Indenture without consent of the holders of the Notes in order to change or eliminate any of
provision of the Indenture, provided that any such change or elimination shall not adversely apply
to any Notes outstanding;

     WHEREAS, pursuant to Section 7.07, Section 10.03 and Section 14.04 of the Indenture, the
Trustee is fully protected in relying on an Officers’ Certificate and an Opinion of Counsel as
conclusive evidence that this First Supplemental Indenture complies with the provisions of Article
Ten of the Indenture and that all conditions precedent provided for in the Indenture relating to
the execution and delivery of this First Supplemental Indenture have been complied with, and based
upon that reliance, the Trustee has agreed to enter into this First Supplemental Indenture; and

     WHEREAS, this First Supplemental Indenture has been duly authorized by a Board Resolution and
all other all necessary corporate action on the part of the Company.

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     NOW, THEREFORE, the Company and the Trustee agree as follows for the equal and ratable benefit
of the holders of the Notes:

ARTICLE I

AMENDMENTS AND ADDITIONAL TERMS

     SECTION 1.1 Definitions.

     Definitions in Section 1.01 of the Indenture for the terms set forth below shall be
amended as described herein.

	 	(i)	 	The present definition of “Authorized Officer is hereby
deleted in its entirety and replaced with the following:

          “The term “Authorized Officer” means any of the following officers of the
Company: the Chief Executive Officer, the Chairman of the Board of Directors, the
President, the Chief Financial Officer, the Treasurer, the Secretary and any other
officer or officers of the Company designated in writing by or pursuant to the
authority of the Company’s Board of Directors as an Authorized Officer.”

	 	(ii)	 	The present definition of “Officers’ Certificate” is hereby
deleted in its entirety and replaced with the following:

          “The term “Officer’s Certificate” means a certificate signed by any Authorized
Officer and delivered to the Trustee.”

Any reference in the Indenture to “Officers’ Certificate” shall be replaced by
“Officer’s Certificate”.

	 	(iii)	 	The present definition of “Person” is hereby amended by
adding the words “limited liability company,” after “corporation” and before
“partnership”.

     SECTION 1.2 Execution of Notes. Section 2.04 of the Indenture hereby is
amended by deleting the first sentence of present Section 2.04 and inserting the following
in lieu thereof:

     “The Notes shall be signed on behalf of the Company by one of its Authorized Officers
under its corporate seal and attested by the Company’s Secretary or one of its Assistant
Secretaries.”

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ARTICLE II

MISCELLANEOUS

     SECTION 2.1 Indenture Remains in Full Force and Effect. Except as supplemented hereby, all
provisions in the Indenture shall remain in full force and effect.

     SECTION 2.2 Indenture and Supplemental Indentures Construed Together. This First
Supplemental Indenture is an indenture supplemental to and in implementation of the Indenture, and
the Indenture and this First Supplemental Indenture shall henceforth be read and construed
together.

     SECTION 2.3 Confirmation and Preservation of Indenture. The Indenture as supplemented by
this First Supplemental Indenture is in all respects confirmed and preserved.

     SECTION 2.4 Conflict with Trust Indenture Act. If any provision of this First Supplemental
Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act (“TIA”) that
is required under the TIA to be part of and govern any provision of this First Supplemental
Indenture, the provision of the TIA shall control. If any provision of this First Supplemental
Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the
provision of the TIA shall be deemed to apply to the Indenture as so modified or to be excluded by
this First Supplemental Indenture, as the case may be.

     SECTION 2.5 Severability. In case any provision in this First Supplemental Indenture shall
be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.

     SECTION 2.6 Terms Defined in the Indenture. All capitalized terms not otherwise defined
herein shall have the meanings ascribed to them in the Indenture.

     SECTION 2.7 Headings. The Article and Section headings of this First Supplemental Indenture
have been inserted for convenience of reference only, are not to be considered part of this First
Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions
hereof.

     SECTION 2.8 Benefits of First Supplemental Indenture, etc. Nothing in this First
Supplemental Indenture or the Notes, express or implied, shall give to any Person, other than the
parties hereto and thereto and their successors hereunder and thereunder and the holders of the
Notes, any benefit of any legal or equitable right, remedy or claim under the Indenture, this First
Supplemental Indenture or the Notes.

     SECTION 2.9 Certain Duties and Responsibilities of the Trustee.

     (a) In entering into this First Supplemental Indenture, the Trustee shall be entitled to the
benefit of every provision of the Indenture relating to the conduct or

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affecting the liability or affording protection to the Trustee, whether or not elsewhere
herein so provided.

     (b) The recitals contained herein shall be taken as the statements of the Company, and the
Trustee assumes no responsibility for the correctness of the same. The Trustee makes no
representations as to the validity or sufficiency of this First Supplemental Indenture.

     SECTION 2.10 Counterparts. The parties may sign any number of copies of this First
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent
the same agreement.

     SECTION 2.11 Governing Law. This First Supplemental Indenture shall be governed by, and
construed in accordance with, the laws of the State of New York but without giving effect to
applicable principles of conflicts of law to the extent that the application of the laws of another
jurisdiction would be required thereby.

     SECTION 2.12 Effective Date. This First Supplemental Indenture shall be effective on the
date first set forth above.

[Signature Page Follows]

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     IN WITNESS WHEREOF, the parties have caused this First Supplemental Indenture to be duly
executed effective as of the date set forth above.

	 	 	 	 	 
	 	BANK OF AMERICA CORPORATION

 	 
	 	By:  	/S/ ANGELA C. JONES	 
	 	 	Name:  	Angela C. Jones	 
	 	 	Title:  	Senior Vice President	 
	 
	 	THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A.

as Trustee

 	 
	 	By:  	/S/
TINA D. GONZALEZ	 
	 	 	Name:  	Tina D. Gonzalez	 
	 	 	Title:  	Vice President	 
	 

5exv10wc

Exhibit 10(c)

OFFICER’S CERTIFICATE OF GLOBAL COMPENSATION, BENEFITS AND

SHARED SERVICES EXECUTIVE

REGARDING WANGER DIVESTITURE

The undersigned, Mark S. Behnke, the Global Compensation, Benefits and Shared Services Executive of
Bank of America Corporation (the “Corporation”), hereby certifies, determines and resolves that:

1. Delegated Authority. The Corporation has previously delegated to the Global Compensation,
Benefits and Shared Services Executive of the Corporation authority to approve and adopt proposals
relating to any employee benefit plans sponsored by the Corporation or its subsidiaries (the
“Benefit Plans”), including the power to execute instruments which adopt, amend, modify or
terminate any such plan on behalf of the Corporation or a subsidiary, other than a proposal which
would: (1) provide more favorable treatment to executive officers of the Corporation than other
officers of the Corporation, (2) materially increase the cost to the Corporation, or (3) in the
case of “qualified” pension, profit-sharing or 401(k) plans, or “non-qualified” deferred
compensation or supplemental retirement plans or similar arrangements, materially change the
benefits conferred upon eligible associates.

2. Wanger Divestiture. Pursuant to that certain Purchase Agreement by and among Bank of America,
N.A., Ameriprise Financial, Inc. and the Corporation, dated September 29, 2009 (the “Agreement”),
Ameriprise Financial, Inc. acquired certain assets and liabilities, including all of the issued and
outstanding equity interests of Columbia Wanger Asset Management, L.P. (“Wanger”). The
consummation of the transactions contemplated by the Agreement occurred on April 30, 2010 (the
“Closing Date”) and constituted a change in the ownership of Wanger as defined in Treasury
Regulation §1.409A-3(i)(5)(v).

3. Benefits Distribution. Pursuant to the delegation of authority described in paragraph 1, for
purposes of effectuating benefits distributions with respect to associates employed by Wanger on
the Closing Date (“Wanger Associates”) who are participants in certain Benefit Plans maintained by
the Corporation, including the Bank of America 401(k) Restoration Plan, the Bank of America Pension
Restoration Plan, the Post-2004 Benefit under the Bank of America Retirement Income Assurance Plan
for Legacy Fleet, and the Columbia Management Group Mutual Fund Units Plan, and in order to comply
with applicable tax laws, including Section 409A of the Internal Revenue Code of 1986 and Treasury
Regulation §1.409A-3(j)(4)(ix)(B), the Benefit Plans identified in this paragraph are terminated
with respect to the Wanger Associates, effective as of December 31, 2010, which such date
constitutes the Delink Calculation Date for purposes of the Bank of America Pension Restoration
Plan and the Post-2004 Benefit under the Bank of America Retirement Income Assurance Plan for
Legacy Fleet. Full lump sum distribution of such Wanger Associates’ benefits under such Benefit
Plans will occur no later than the date required pursuant to Treasury Regulation
§1.409A-3(j)(4)(ix)(B). The Benefit Plans identified in this paragraph constitute all agreements,
methods, programs and other arrangements sponsored by the Corporation immediately after the Closing
Date in which the Wanger Associates participate and with respect to which deferrals of compensation
are treated as having been deferred under a single plan under Treasury Regulation §1.409A-1(c)(2).

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	Dated:  December 16, 2010 	BANK OF AMERICA CORPORATION

 	 
	 	By:  	/s/ Mark S. Behnke
 	 
	 	 	Mark S. Behnke 	 
	 	 	Global Compensation, Benefits and

Shared Services Executive 	 
	 

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