Document:

Nobel Learning Communities, Inc. Omnibus Incentive Equity Compensation Plan

 Exhibit 10.1 
 NOBEL LEARNING COMMUNITIES, INC. 
 OMNIBUS INCENTIVE EQUITY COMPENSATION PLAN 
 (AMENDED AND RESTATED AS OF JANUARY 1, 2008) 
 1. Purpose. The Nobel Learning Communities, Inc. Omnibus Incentive Equity Compensation Plan is intended as an additional incentive to Non-Employee Directors and eligible Employees of Nobel Learning Communities, Inc., and its
Affiliates to enter into or remain in the service or employ of the Company or any Affiliate and to devote themselves to the Company’s success. Under the Plan, the Company will, among other things, provide such persons with opportunities to
acquire or increase their proprietary interests in the Company. 
 This Plan was effective as of the Original Effective Date. Effective as of
January 1, 2008, this Plan was amended and restated to reflect the provisions of Section 409A of the Code and the final regulations thereunder. 
 2. Definitions. Capitalized terms not otherwise defined in the Plan shall have the following meanings: 
 “Act” means the Securities Exchange Act of 1934, as now in effect or as hereafter amended from time to time. 
 “Affiliate” means a corporation which is a parent corporation or a subsidiary corporation with respect to the Company within the meaning of section 424(e) or (f) of the Code. 
 “Award” means a grant of one or more Award Items in accordance with the provisions of the Plan. 
 “Award Document” means the written document, in such form as approved from time to time by the Grantor, which shall be given to
a Recipient and shall set forth the terms and conditions of the Award Item(s) granted to the Recipient under the Plan. 
 “Award Item” means, individually and collectively, as the context requires, the items awarded to any Recipient in accordance with the provisions of the Plan in the form of Options, Stock Awards, SARs, PSUs, or any combination of
the foregoing. 
 “Board” means the Board of Directors of the Company. 
 “Cause” means, with respect to any Recipient, unless otherwise defined in the Recipient’s employment agreement, service
agreement or signed offer letter: 
 (a) the Recipient’s habitual intoxication or drug addiction; 
 (b) the Recipient’s violation of the Company’s written policies, procedures or codes including, without limitation, those with
respect to harassment (sexual or otherwise) and ethics; 

 (c) the Recipient’s refusal or failure by the Recipient to perform such duties as
may reasonably be delegated or assigned to him, consistent with his position, by the CEO (or, in the case of the CEO, by the Board); 
 (d) the Recipient’s willful refusal or willful failure to comply with any requirement of the Securities and Exchange Commission or any securities exchange or self-regulatory organization then applicable to the Company; 
 (e) the Recipient’s willful or wanton misconduct in connection with the performance of his or her duties including, without
limitation, breach of fiduciary duties; 
 (f) the Recipient’s breach (whether due to inattention, neglect, or knowing
conduct) of any of the material provisions of his or her employment or service agreement, if any; 
 (g) the Recipient’s
conviction of, guilty, no contest or nolo contendere plea to, or admission or confession to any felony or any act of fraud, misappropriation, embezzlement or any misdemeanor involving moral turpitude; 
 (h) the Recipient’s dishonesty detrimental to the best interest of the Company; 
 (i) the Recipient’s involvement in any matter which, in the opinion of the CEO (or, in the case of the CEO, the Board), is reasonably
likely to cause material prejudice or embarrassment to the Company’s business; or 
 (j) solely in the case of a
Non-Employee Director, any other action by the Recipient which the Board determines constitutes “cause;” 
 provided, that,
in the case of clauses (c), (e) or (f) of this definition, there shall not be Cause unless the Company has first given the Recipient written notice specifying in reasonable detail the circumstances that the Company believes give
rise to Cause for termination and the Recipient has failed to remedy the same to the reasonable satisfaction of the CEO (or, in the case of the CEO, the Board) within fifteen (15) days after the date of such notice, or unless the condition or
event is not subject to cure, or a substantially similar condition or event has been the subject of a prior notice by the Company within the twelve (12) months preceding such notice. 
 “CEO” means the Chief Executive Officer of the Company, who is also a member of the Board. If the CEO is not a member of the
Board, the term “CEO” means the Committee, unless the context otherwise requires. 
 “Change of Control”
means (a) any “person” becomes the “beneficial owner” (as such terms are defined in the Act) of shares of the Company having 50% or more of the total number of votes that may be cast for the election of directors of the
Company; or (b) there occurs any cash tender or exchange offer for shares of the Company, merger or other business combination, or sale of assets, or any combination of the foregoing 

  

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transactions, and as a result of or in connection with any such event persons who were directors of the Company before the event shall cease to constitute a
majority of the Board or of the board of directors of any successor to the Company. 
 “Code” means the Internal
Revenue Code of 1986, as amended from time to time, or any successor statute or statutes thereto. 
 “Committee”
means the Compensation Committee of the Board. 
 “Common Stock” means the common stock, par value $0.001, of the
Company, authorized for issuance by the Company. 
 “Company” means Nobel Learning Communities, Inc., a Delaware
corporation, including any successor thereto by merger, consolidation, acquisition of substantially all the assets thereof, or otherwise. 
 “Covered Individual” means each Employee and each Non-Employee Director. 
 “Date of Grant” means, with respect to an Award Item, the date as of which such Award Item is granted. 
 “Disability” shall have the meaning ascribed thereto in the Recipient’s employment agreement, service agreement or signed offer letter, and in the absence of such definition, means that the Recipient cannot substantially
perform his or her “essential duties” (which shall include any travel requirements) with or without reasonable accommodation and either (a) such situation persists for a period of 180 days in any 365 day period, or (b) in the
opinion of a licensed physician, the Recipient is so disabled or incapacitated that he or she is unlikely to be able substantially to perform his or her “essential duties” with or without reasonable accommodation within 180 days.

 “Employee” means an individual classified by the Company or one of its Affiliates as a common law employee of the
Company or an Affiliate, including officers or Directors who are also employees. 
 “Fair Market Value” of a Share
means, as of a particular date: 
 (a) if Shares are not listed on a stock exchange or quoted on the Nasdaq National Market on
such date, the value for such date as shall be determined in good faith by the Committee by the reasonable application of a reasonable valuation method, taking into account factors consistent with Treas. Reg. § 1.409A-1(b)(5)(iv)(B) as the
Committee deems appropriate; and 
 (b) if Shares are listed on a stock exchange or trades of Shares are quoted on the Nasdaq
National Market as of such date, the average of the highest and lowest quoted selling price as determined and reported by the principal exchange on which Shares are listed or, if not so listed, the market on which Shares are quoted, on the last
regular trading day prior to such date. 
  

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 “Family Member” means, with respect to a Recipient, one or more of the
Recipient’s spouse, children or grandchildren, or a trust established solely for the benefit of or a partnership whose partners are, one or more of the Recipient’s spouse, children and/or grandchildren. 
 “Grantor” means, with respect to an Award, the Committee or the CEO, as the case may be, that grants the Award. 
 “ISO” means an Option granted under the Plan, designated by the Grantor in the Award Document as an “incentive stock
option” that is intended to qualify as an “incentive stock option” within the meaning of section 422 of the Code, provided, however, to the extent an Option designated by the Grantor in the Award Document as an “incentive
stock option” fails to satisfy the requirements for an “incentive stock option” under section 422 of the Code for any reason, such Option shall be treated as a Nonqualified Option. 
 “Non-Employee Director” means, as of a particular date, a member of the Board who is not an Employee as of such date.

 “Nonqualified Option” means an Option granted under the Plan that is not designated by the Grantor in the Award
Document as an ISO, or an Option granted under the Plan that is designated by the Grantor in the Award Document as an ISO to the extent such Option fails to satisfy the requirements for an “incentive stock option” under Section 422 of
the Code for any reason. 
 “Nonreporting Person” means a Recipient who is not a Reporting Person. 
 “Option” means a right to purchase Shares. 
 “Option Price” means the price at which one Option Share may be purchased under the terms of an Option. 
 “Option Shares” means the Shares that may be purchased by a Recipient upon exercise of an Option. 
 “Original Effective Date” means the date on which the stockholders of the Company originally approved the Plan. The Plan was
amended and restated effective as of January 1, 2008 to reflect the provisions of Code section 409A and the final regulations thereunder. 
 “Plan” means the Nobel Learning Communities, Inc. Omnibus Incentive Equity Compensation Plan, as set forth herein, as amended from time to time. 
 “PSU” means a phantom stock unit granted under the Plan which gives the Recipient the right to receive the Value of such PSU, to
be paid in cash. 
 “Recipient” means a Covered Individual to whom an Award Item is granted under the Plan.

  

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 “Reporting Person” means a Recipient who is subject to Section 16 of the
Act with respect to the Company. 
 “Retirement” means, with respect to a Recipient who is an Employee, the
Recipient’s attainment of age 55 or more with at least ten (10) years of continuous service with the Company and its Affiliates. 
 “Rule 16b-3” means Rule 16b-3 of the General Rules and Regulations under the Act. 
 “SAR” means a stock appreciation right granted under the Plan which gives the Recipient the right, without payment to the Company, to receive the Value of such SAR, to be paid in cash. 
 “Share” or “Shares” means a share or shares of Common Stock. 
 “Stock Award” means the award of Shares granted to a Recipient under the Plan. 
 “Stock Award Shares” means Shares that are issued pursuant to a Stock Award. 
 “Termination of Employment” means termination of an Employee’s employment with the Company and all Affiliates as determined
in accordance with the Company’s (or Affiliate’s) standard personnel practices or, if the Recipient is a party to an employment or severance agreement with the Company or an Affiliate, the date of termination of employment as determined
under such agreement; provided however, that such termination constitutes a “separation from service” within the meaning of Treas. Reg. Section 1.409A-1(h). 
 “Ten-Percent Stockholder” means a person who, on the Date of Grant, owns either directly or within the meaning of the
attribution rules contained in section 424(d) of the Code, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company. 
 “Top-Tier Group” means the group of the Company’s senior executives and any other officer or executive designated by the
Committee in its sole discretion, initially consisting of the CEO, Chief Financial Officer, Chief Operating Officer, Vice - President - Education, Vice - President and General Counsel, and Vice - President - Human Resources. 
 “Transferee” means a person to whom an Award has been transferred under the terms of the Plan. 
 “Value” means: 
 (a) with respect to a PSU, the product of (i) the Fair Market Value of a Share on the date of exercise of such PSU, and (ii) the number of Shares represented by the PSU; and 
  

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 (b) with respect to an SAR, the product of (i) the excess of (I) the Fair
Market Value of a Share on the date of exercise of such SAR over (II) the Fair Market Value of a Share on the Date of Grant; and (ii) the number of Shares represented by the SAR. 
 3. Rights to Be Granted. The following rights may be granted under the Plan: 
 (a) ISOs, which give the Recipient the right for a specified time period to purchase a specified number of Shares for a price determined by the Grantor
and set forth in the Award Document, which price shall not be less than the Fair Market Value of such Shares on the Date of Grant. 
 (b)
Nonqualified Options, which give the Recipient the right for a specified time period to purchase a specified number of Shares for a price determined by the Grantor and set forth in the Award Document, which price shall not be less than the Fair
Market Value of such Shares on the Date of Grant. 
 (c) PSUs, which give the Recipient the right, without payment to the Company, to
receive the Value of the PSUs in cash. 
 (d) SARs, which give the Recipient the right, without payment to the Company, to receive the Value
of the SARs in cash. 
 (e) Stock Awards, which give the Recipient the right, without payment to the Company, to receive Stock Award Shares
immediately or at some future date. 
 4. Shares Subject to Plan. Subject to adjustment as provided in Section 11,
the aggregate number of Shares authorized for issuance as or subject to Awards under the Plan is 1,395,000. The Shares issued under the Plan may be either Shares reacquired by the Company, including Shares purchased in the open market, or authorized
but unissued Shares. Any Shares subject to an Award which for any reason expires or terminates unexercised, in whole or in part, or is not earned in full may again be made subject to an Award under the Plan. If an Option, PSU, SAR or Stock Award
terminates, expires or is forfeited without having been exercised in full or is reacquired by the Company pursuant to rights reserved in the Award Document, such Award Item shall not be considered to have been granted or issued for purposes of this
Section 4. 
 The aggregate number of Shares subject to Options granted under this Plan during any calendar year to any one
Covered Individual shall not exceed 150,000. The aggregate number of SARs granted under this Plan during any calendar year to any one Covered Individual shall not exceed 150,000. Notwithstanding anything to the contrary in this Plan, the foregoing
limitations in this paragraph shall be subject to adjustment under Section 11, but only to the extent that such adjustment will not affect the status of any Award intended to qualify as “performance-based compensation” under
section 162(m) of the Code. The aggregate number of Shares issued pursuant to ISOs shall not exceed 1,395,000, which limitation shall be subject to adjustment under Section 11 only to the extent such adjustment is consistent with
adjustments permitted of a plan authorizing incentive stock Options under section 422 of the Code and only to the extent that such adjustment will not affect the status of any ISO intended to qualify as “performance-based compensation”
under section 162(m) of the Code. 
  

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 5. Administration. The Plan shall generally be administered by the Committee. The Committee
has ultimate authority to grant all Awards under the Plan to any Covered Individual. The Committee shall retain responsibility to (a) grant Awards to any Covered Individual in the Top-Tier Group, and to any other Covered Individual who is an
Employee and a Reporting Person and (b) establish the maximum aggregate amount of particular Award Items to be granted to Covered Individuals who are Employees as a group. The CEO, as the delegate of the Committee, may recommend to the
Committee the grant of Awards to members of the Top-Tier Group and Employees who are Reporting Persons for consideration by the Committee and may grant awards to Covered Individuals who are Employees and who are not Reporting Persons. In making
awards, the CEO is acting as a delegate of the Committee and is at all times accountable to the Committee and authorized to act only in accordance with the provisions of the Plan and the guidelines and direction provided by the Committee from time
to time. 
 Subject to the foregoing, the Grantor shall from time to time at its discretion grant Award Items pursuant to the terms of the
Plan and shall have plenary authority to determine the Employees to whom and the times at which Award Items shall be granted, the number of Award Items to be covered by each Award Document and the price and other terms and conditions (which need not
be identical for all Recipients) thereof, including a specification with respect to whether an Option is intended to be an ISO, all subject to the express provisions of the Plan. The interpretation and construction by the Committee of any provision
of the Plan or of any Award Item granted under it shall be final, binding and conclusive. 
 No member of the Board or the Committee nor the
CEO shall be personally liable for any action or determination made in good faith with respect to the Plan or any Award Item granted under it. No member of the Board or the Committee nor the CEO shall be liable for any act or omission of any other
person or for any act or omission on his or her own part, including but not limited to the exercise of any power and discretion given to him or her under the Plan, except those resulting from (a) any breach of such person’s duty of loyalty
to the Company or its stockholders, (b) acts or omissions not in good faith or involving intentional misconduct or a knowing violation of law, (c) acts or omissions that would result in liability under Delaware corporate law, and
(d) any transaction from which the person derived an improper personal benefit. 
 Each member of the Board and the Committee and the
CEO shall be entitled to indemnification by the Company as provided in the Bylaws of the Company with respect to the administration of the Plan and the granting of Award Items under it. 
 6. Eligibility. Covered Individuals who are Non-Employee Directors shall receive Options under Section 8. Covered Individuals
who are Employees shall be eligible to receive Stock Awards, PSUs, SARs and/or Options under Section 9. The Grantor, in its sole discretion, shall determine whether an individual is an Employee. 
 7. Award Documents. Each Award Item shall be evidenced by an Award Document. Subject to Sections 8 or 9, as the case may be, the
terms of each such Award 

  

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Document shall be determined by the Grantor, in its sole discretion. The terms, conditions and restrictions with respect to any Award, Recipient or Award
Document need not be identical with the terms, conditions and restrictions with respect to any other Award, Recipient or Award Document. 
 8. Grants to Non-Employee Directors. 
 (a) Each Non-Employee Director who is a member of the Board as of the Original
Effective Date shall be granted a Nonqualified Option for 10,000 Shares as of the Original Effective Date. 
 (b) Each Non-Employee Director
who is not a Non-Employee Director as of the Original Effective Date shall be granted a Nonqualified Option for 10,000 Shares, on the date on which he or she first becomes a member of the Board. 
 (c) Each Non-Employee Director (including those whose service as a Non-Employee Director commences as of a date subsequent to the Original Effective
Date) shall be granted a Nonqualified Option for 5,000 Shares on the date of each of the Company’s annual meetings of stockholders; provided, that a Non-Employee Director who ceases to be a member of the Board as of such date shall not
receive such Option, and provided further, that, in the case of any Non-Employee Director who was not a Non-Employee Director as of the first day of the fiscal year in which such meeting occurs, such amount shall be multiplied by a fraction,
the numerator of which is the number of months remaining in the fiscal year in which he or she becomes a member of the Board, and the denominator of which is 12. 
 (d) Any Option granted to a Non-Employee Director shall be consistent with the following: 
 (i) Vesting and Forfeiture. Options granted under Section 8(a) shall be fully vested as of the Date of Grant. Options granted under Section 8(b) and Section 8(c) shall become vested on the earlier
of a Change of Control or the last day of the fiscal year that includes the Date of Grant. In the event that the Recipient ceases to be a Non-Employee Director without becoming an Employee, any Option that has not yet become vested shall be
forfeited. 
 (ii) Purchase Price. The Option Price shall be 100% of the Fair Market Value of a Share on the
Date of Grant. Other than in connection with an event described in Section 11, the Option Price may not be reduced without stockholder approval. 
 (iii) Restrictions on Transferability. The Option may not be sold, assigned, conveyed, gifted, pledged, hypothecated or
otherwise transferred in any manner other than by will or the laws of descent or distribution, except that a Recipient may irrevocably elect to transfer any Option, or portion thereof, to a Family Member. 
 Once transferred, an Option, or portion thereof, may not again be transferred except by will or by the laws of descent and distribution
and shall remain subject to the same terms and conditions of the Option in effect before the transfer and 

  

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the Transferee must comply with all other provisions of the Option. A Recipient may not receive consideration for such transfer. A transferred Option, or
such transfer portion thereof, shall be forfeited unless the Committee and the Secretary of the Company receive written notice from the Recipient, within thirty (30) days after such transfer, in a form and manner satisfactory to the Committee,
in its sole discretion, to the effect that a transfer of the Option, or portion thereof, has occurred and the notice identifies the Option, or portion thereof, transferred, the identity and address of the Transferee, and the Transferee’s
relationship to the Recipient. 
 (iv) Payment of Option Price. An Option, or any portion thereof, shall be
exercised by written notice to the Secretary of the Company upon such terms and conditions, if any, as the Award Document may provide and in accordance with such other procedures for the exercise of Options as the Committee may establish from time
to time. The method or methods of payment shall consist of one or a combination of (1) cash, (2) certified check payable to the order of the Company, (3) payment through a broker in accordance with procedures permitted by Regulation T
of the Federal Reserve Board and/or (4) reduction in the number of Shares issuable upon such exercise, based, in the case of clause (4), on the Fair Market Value of the Common Stock as of the date of exercise. 
 (v) Issuance of Certificate Upon Exercise of Options. As soon as practicable following the exercise of and payment for an
Option, or portion thereof, the Company shall issue to the Recipient or the Transferee, as the case may be, a certificate for the number of whole Shares to which the Recipient or the Transferee is entitled under the Award Document. Any fractional
Share to which the Recipient would otherwise be entitled (and the amount representing such fractional Share) shall be forfeited. 
 (vi) Periods of Exercise of Options. An Option shall be exercisable in whole or in part immediately upon becoming vested until one year after the Recipient ceases to be a Non-Employee Director, unless the Recipient is then an
Employee, in which case the Option shall remain exercisable as provided under Section 9(h). 
 (vii) Date
of Exercise. The date of exercise of an Option, or portion thereof, shall be the date on which written notice of exercise, addressed to the Company at its main office to the attention of its Secretary, is received, via hand delivery,
facsimile (during normal business hours), overnight courier or first class mail, postage prepaid, together with payment in full of the purchase price in accordance with the terms of the Plan and the Award Document. The Company shall not be obligated
to deliver any certificates for Shares pursuant to the exercise of an Option, or portion thereof, until the Recipient or the Transferee, as the case may be, shall have made payment in full of the Option Price for such Shares. Each such exercise
shall be irrevocable when given. Each notice of exercise must specify the Option, or portion thereof, being exercised and shall satisfy applicable securities law requirements. 
 (e) Non-Employee Directors shall not be granted any Awards under the Plan, other than the Awards described in Sections 8(a), 8(b) and 8(c).

  

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 (f) Options shall not be granted under the Plan in consideration for and shall not be conditioned upon
the delivery of Shares to the Company in payment of the Option Price and/or tax withholding obligation under any other stock option. 
 (g)
The Committee shall have the right to amend the Award Documents issued to Recipients. Such amendment and the Award Document as amended shall be consistent with this Section 8 and shall be subject to the Recipient’s consent if such
amendment is not favorable to the Recipient. 
 9. Grants to Employees. Unless otherwise provided in the Award Document, as it
may be amended pursuant to Section 9(q), Awards granted to Employees shall be subject to the following terms and conditions: 
 (a) Time of Grant. All Award Items shall be granted within 10 years from the Original Effective Date. 
 (b)
Vesting and Forfeiture. Each Award Item shall become vested over time, with one-third of each Award vesting on each anniversary of the Date of Grant or, if earlier, fully vesting upon a Change of Control. In the event that the
Recipient ceases to be an Employee, any Award Items that have not yet become vested shall, subject to Section 9(l) in the case of a PSU or Stock Award, be forfeited; provided, however, that in the case of a Recipient who is
terminated by the Company other than for Cause, 
 (i) in the case of an Award consisting of an ISO, a Nonqualified Option or
an SAR, the Grantor may, by written consent in its sole discretion, permit some or all of the Recipient’s ISO, Nonqualified Option or SAR that have not become vested to continue to vest (in accordance with the Award’s vesting schedule
without regard to the Recipient’s Termination of Employment) as if the Recipient had remained an Employee; and 
 (ii) in the case of an Award consisting of a PSU or Stock Award, the Grantor may,
by written consent in its sole discretion, vest part or all of the Recipient’s unvested Award Items that would otherwise be forfeited, and distribute such vested PSU or Stock Award to the Recipient no later than 2 1/2 months following the end of the Company’s fiscal year in which the Recipient’s Termination of Employment occurs. 

 (c) Purchase Price. Each Award Document that covers an Option shall state the Option Price, which shall not be less than
100% of the Fair Market Value of a Share on the Date of Grant. Unless the Award Document provides otherwise, the Option Price shall be 100% of the Fair Market Value of a Share on the Date of Grant, except that the Option Price for an ISO issued to a
Ten-Percent Stockholder shall be 110% of the Fair Market Value of a Share on the Date of Grant. 
 Other than in connection with an event
described in Section 11, an Option Price or the exercise price of an SAR may not be reduced without stockholder approval. 
  

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 (d) Restrictions on Transferability. No Award or portion thereof and no interest in an
Award, may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner other than by will or the laws of descent or distribution. No Stock Award Shares may be sold, assigned, conveyed, gifted, pledged,
hypothecated or otherwise transferred in any manner other than by will or the laws of descent or distribution to the extent such Stock Award Shares are not fully vested. Notwithstanding the foregoing and subject to the prior written approval of the
Grantor, a Recipient may irrevocably elect to transfer all or a portion of an Award Item or Stock Award Shares to a Family Member. Once transferred, an Award Item, or portion thereof, or Stock Award Shares (to the extent such Stock Award Shares are
not fully vested) may not again be transferred except by will or by the laws of descent and distribution and shall remain subject to the same terms and conditions of the Award Item or Stock Award Shares in effect before the transfer and the
Transferee must comply with all other provisions of the Award Item or Stock Award Shares. A Recipient may not receive consideration for such transfer. 
 A transferred Award Item or Stock Award Shares (to the extent such Stock Award Shares are not fully vested) shall be forfeited, unless the Secretary of the Company receives written notice from the Recipient within
thirty (30) days after such transfer, in a form and manner satisfactory to the Committee, in its sole discretion, to the effect that a transfer of the Award Item or Stock Award Shares, or portion thereof, has occurred and the notice identifies
the Award Item or Stock Award Shares transferred, the identity and address of the Transferee, and the Transferee’s relationship to the Recipient. 
 (e) Payment of Option Price. An Option, or portion thereof, shall be exercised by written notice to the Secretary of the Company upon such terms and conditions, if any, as the Award Document may provide
and in accordance with such other procedures for the exercise of Options as the Committee may establish from time to time. Unless otherwise provided in an Award Document, the method or methods of payment shall consist of one or a combination of
(i) cash, (ii) certified check payable to the order of the Company, (iii) payment through a broker in accordance with procedures permitted by Regulation T of the Federal Reserve Board and/or (iv) reduction in the number of Shares
issuable upon such exercise, based, in the case of clause (iv), on the Fair Market Value of the Common Stock on the date of exercise. 
 (f)
Issuance of Certificate Upon Exercise of Option. As soon as practicable following the exercise of and payment for an Option, or portion thereof, and upon satisfaction of the conditions of Section 18, the Company shall issue
to the Recipient or the Transferee, as the case may be, a certificate for the number of whole Shares to which the Recipient is entitled under the Award Document. Any fractional Share to which the Recipient would otherwise be entitled (and the amount
representing such fractional Share) shall be forfeited. 
 (g) Payment on Exercise of SARs; Payment on Vesting of PSUs.

 (i) A vested SAR, or portion thereof, shall be exercised by written notice to the Secretary of the Company upon such terms
and conditions as the Award Document may provide and in accordance with such other procedures for the exercise of SARs as the Committee may establish from time to time. 
  

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 (ii) As soon as practicable
following the exercise of a vested SAR, or portion thereof, the Value of the SAR, or portion thereof, shall be paid to the Recipient or Transferee, as the case may be, in cash. Such payment shall in no event be made later than two and one-half
(2 1/2) months following the end of the Company’s fiscal year that includes the exercise date. 
 (iii) As soon as practicable upon the vesting of a PSU, or a portion thereof, the
Value of the PSU, or portion thereof, shall be paid to the Recipient or Transferee, as the case may be, in cash. Such payment shall in no event be made later than two and one-half (2 1/2) months following the end of the Company’s fiscal year that includes the vesting date. 
 (h) Periods of Exercise of Options and SARs. An Option or SAR shall be exercisable in whole or in part immediately upon becoming vested.
In the event that the Recipient ceases to be an Employee, any vested Option or vested SAR issued to such Recipient shall remain exercisable for a period of 90 days following the date the Recipient ceases to be an Employee except as follows:

 (i) If the Recipient ceases to be an Employee as a result of his or her Retirement, Disability or termination by the
Company without Cause, the Recipient or Transferee, as the case may be, shall have the right to exercise such vested Options or vested SARs for a period of one year following the Recipient’s ceasing to be an Employee; provided, however,
that in the case of a Recipient who is terminated by the Company other than for Cause, the Grantor may, by written consent in its sole discretion, permit some or all of such vested Options or vested SARs to remain exercisable as if the Recipient had
remained an Employee; 
 (ii) If the Recipient ceases to be an Employee as a result of his or her death, any vested Option or
vested SAR shall be exercisable for a period of one year from the date of death; 
 (iii) If the Recipient ceases to be an
Employee as a result of his or her termination by the Company for Cause, all Options and SARs, shall immediately expire and the Recipient or Transferee, as the case maybe, shall be deemed to have forfeited automatically all Shares otherwise
deliverable pursuant to a previously exercised Option but for which the Company has not yet delivered the Share certificates, upon refund by the Company of the Option Price. 
 (iv) In no event may an Option or SAR expire more than ten years from the Date of Grant. 
 For purposes of this Section 9(h), a Recipient ceases to be an Employee on the date of his or her Termination of Employment. 
 (i) Date of Exercise. The date of exercise of an Option or SAR, or portion thereof shall be the date on which written notice of exercise,
addressed to the Company at its main office to the attention of its Secretary, is received, via hand delivery, facsimile (during normal business hours), overnight courier or first class mail, postage prepaid, together with 

  

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payment in full of the purchase price (plus any amounts for taxes, pursuant to Section 18) in accordance with the terms of the Plan and the Award
Document. The Company shall not be obligated to deliver any certificates for Shares pursuant to the exercise of Options until the Recipient or Transferee, as the case may be, shall have made payment in full of the Option Price and taxes for such
Shares. Each such exercise shall be irrevocable when given. Each notice of exercise must specify the Option, SAR or combination thereof, being exercised, and shall satisfy applicable securities law requirements. 
 (j) Attachment of SARs to Options. The Grantor may provide in the Award Document that an SAR shall be attached to an Option granted under
the Plan. Except as may otherwise be set forth in the Award Document, all SARs that are attached to Options shall be subject to the following terms: 
 (i) such SAR shall expire no later than the Option to which it is attached; 
 (ii) such SAR
shall entitle the Recipient or Transferee, as the case may be, to receive an amount in cash equal to the Value of such SAR; 
 (iii) such SAR shall be subject to the same restrictions on transferability as the Option to which it is attached; 
 (iv) such SAR shall be exercisable only when the Option to which it is attached is eligible to be exercised; 
 (v)
such SAR shall be exercisable only when the Fair Market Value of the Shares subject to the attached Option exceeds the Option Price of such Option; and 
 (vi) such SAR shall expire upon the exercise of the Option to which it is attached. 
 Except as may otherwise be set forth
in the Award Document, upon exercise of an SAR that is attached to an Option, the Shares subject to the Option to which the SAR is attached shall be reduced by the Shares for which the SAR was so exercised. 
 (k) No Reload Grants. Options shall not be granted under the Plan in consideration for and shall not be conditioned upon the delivery of
Shares to the Company in payment of the Option Price and/or tax withholding obligation under any other employee stock option. 
 (l)
Special Rules for Vesting of PSUs and Stock Awards. A PSU shall be payable upon becoming vested. In the event the Recipient ceases to be an Employee, the following rules apply: 
 (i) If the Recipient ceases to be an Employee as a result of his or her Retirement, Disability, death or termination by the Company
without Cause, the Recipient or Transferee, as the case may be, unvested PSUs or Stock Awards as of the 

  

 13 

 
Termination of Employment that would have become vested had the Recipient remained an employee during the one-year period beginning on the date of
Termination of Employment shall be fully vested and payable in accordance with Section 9(m), or Section 9(n), as applicable. 
 (ii) If the Recipient ceases to be an Employee as a result of his or her termination by the Company for Cause, all PSUs or Stock Awards otherwise payable pursuant to a previously vested PSU or Stock Award but which
have not yet been paid shall be forfeited. 
 (iii) In no event may a PSU or Stock Award vest more than ten years from the
Date of Grant. 
 (m) Payment of PSUs. The Value of a PSU shall be paid
to the Recipient as soon as practicable following the vesting date, but in no event later than two and one-half (2 1/2) months following the end of the Company’s fiscal year that includes the vesting date. 
 (n) Payment of Stock Awards. Stock Award Shares shall be transferred to the Recipient as soon as practicable following the Award date or the termination of the vesting or other restrictions set forth in
the Plan and the Award Document and the satisfaction of any and all other conditions of the Award Documents applicable to such Stock Award Shares (the “Restriction End Date”) but in no event later than two and one-half (2 1/2) months following the end of the Company’s fiscal year that includes the later of the Award date or the Restriction End
Date, as the case may be. 
 (o) Custody. Each certificate for Shares issued in respect of a Stock Award shall be held
in custody by the Company for the Recipient’s account until the expiration or termination of the vesting or other restrictions set forth in the Plan and the Award Document and the satisfaction of any and all other conditions of the Award
Documents applicable to such Stock Award Shares. 
 (p) Other Provisions. The Award Documents shall contain such other
provisions including, without limitation, additional restrictions upon the exercise or vesting, as applicable, of the Option, PSU or SAR or additional limitations upon the term of the Option, PSU or SAR or acceleration of the exercise date, for
achievement of performance goals or otherwise, as the Grantor shall deem advisable. 
 (q) Amendment of Award Documents. The
Grantor shall have the right to amend the Award Documents issued to Recipients. Such amendment and the Award Document as amended shall be consistent with this Section 9 and shall be subject to the Recipient’s consent if such
amendment is not favorable to the Recipient. Notwithstanding the foregoing, no such amendment shall constitute a modification of a stock right within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(B) so as to constitute the grant of a new
stock right, an extension of a stock right, including the addition of any feature for the deferral of compensation, within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(C), or an impermissible acceleration of a payment date or a
subsequent deferral of a stock right subject to Code section 409A within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(E). Furthermore, any 

  

 14 

 
adjustment as the result of the substitution of a new stock right or the assumption of an outstanding stock right pursuant to a corporate transaction shall
satisfy the conditions described in Treas. Reg. Section 1.409A-1(b)(5)(v)(D). Finally, in no event may the Grantor exchange Awards previously granted for Awards of a different type. 
 10. Limitation on Exercise of Incentive Stock Options. The aggregate Fair Market Value (determined as of the Date of Grant) of the Shares
with respect to which an ISO may first become exercisable by a Recipient in any one calendar year under the Plan and any other plan of the Company shall not exceed $100,000. The limitations imposed by this Section 10 shall apply only to
ISOs granted under the Plan, and not to any other Options, PSUs or SARs. In the event an individual receives an Option intended to be an ISO which is subsequently determined to have exceeded the limitation set forth above, or if an individual
receives an Option that first becomes exercisable in a calendar year (whether pursuant to the terms of the Award Document, acceleration of exercisability or other change in the terms and conditions of exercise or any other reason) that has an
aggregate Fair Market Value (determined as of the Date of Grant) that exceeds the limitations set forth above, the portion of the Option in excess of the limitation shall be treated as a Nonqualified Option. 
 11. Adjustments on Changes in Capitalization. In the event that Shares are changed into or exchanged for a different number or kind of
shares of stock or other securities of the Company, whether through merger, consolidation, reorganization, recapitalization, stock dividend, stock split-up or other substitution of securities of the Company, the Committee shall, make appropriate
equitable anti-dilution adjustments to the number and class of shares of stock available for issuance under the Plan, and subject to outstanding Options, to the Option Prices, and the number of PSUs and SARs subject to outstanding Awards. Any
reference to the Option Price in the Plan and Award Documents shall be a reference to the Option Price as so adjusted. Any reference to the term “Shares” in the Plan and Award Documents shall be a reference to the appropriate number and
class of shares of stock available for issuance under the Plan, as adjusted pursuant to this Section 11. The Committee’s adjustment shall be effective and binding for all purposes of this Plan, provided that no adjustment
shall be made which will cause an ISO to lose its status as such, and further provided that no such adjustment shall constitute a modification of a stock right within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(B) so as to constitute
the grant of a new stock right, an extension of a stock right, including the addition of any feature for the deferral of compensation within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(C), or an impermissible acceleration of a payment
date or a subsequent deferral of a stock right subject to Code section 409A within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(E). Furthermore, no adjustment as the result of a change in capitalization shall cause the Option Price to
be less than the Fair Market Value of such shares (as adjusted to reflect the change in capitalization) on the Date of Grant, and any adjustment as the result of the substitution of a new stock right or the assumption of an outstanding stock right
pursuant to a corporate transaction shall satisfy the conditions described in Treas. Reg. Section 1.409A-1(b)(5)(v)(D). If the adjustment provided for in this Section 11 may require the Company to issue fractional shares, the total
adjustment with respect to the Plan shall be rounded down to the next whole share, as determined by the Committee. 
 12. Rights as
Stockholder. A Recipient shall not have any right as a stockholder with respect to any Shares subject to an Award until the Recipient is issued Shares pursuant to the Award. Notwithstanding anything in the Plan to the contrary, an Award
Document may provide that an Award may include dividend equivalents. 
  

 15 

 13. Forfeiture Upon Occurrence of Certain Events. 
 Notwithstanding any other provision of the Plan, no payment of any Award shall be made and all rights of the Recipient (or his designated beneficiary or
legal representative or Transferee) to the payment thereof under the Plan shall be forfeited if, prior to the time of such payment, the Recipient (a) without the Company’s consent, shall be employed by a competitor of, or shall be engaged
in any activity in competition with, the Company or an Affiliate in violation of any law or written agreement; (b) divulges without the consent of the Company any secret or confidential information belonging to the Company or an Affiliate; or
(c) has been dishonest or fraudulent in any matter affecting the Company or an Affiliate. The Company shall give a Recipient written notice of the occurrence of any such event prior to making any such forfeiture. 
 14. Interpretation. The Committee shall have the power to interpret the Plan and to make and amend rules for putting it into effect and
administering it. It is intended that the ISOs granted under the Plan shall constitute incentive stock options within the meaning of section 422 of the Code, and that Shares transferred pursuant to the exercise of Nonqualified Options shall
constitute property subject to federal income tax pursuant to the provisions of section 83 of the Code. The provisions of the Plan shall be interpreted and applied insofar as possible to carry out such intent. 
 15. Amendment of the Plan. The Board reserves the right at any time or times to modify, alter or amend, in whole or in part, any or all of
the provisions of the Plan to any extent and in any manner that it may deem advisable, and no consent or approval by the stockholders of the Company or by any other person, committee or entity of any kind shall be required to make any modification,
alteration or amendment; provided, however, that the Board shall not, without the requisite affirmative approval of the stockholders of the Company, make any modification, alteration or amendment which would violate applicable stock exchange
or quotation market rules, the Code or Rule 16b-3. No modification, alteration or amendment of the Plan may, without the consent of the Recipient (beneficiaries in case of his death) to whom any Award Item shall theretofore have been granted under
the Plan adversely affect any right of such Recipient under such Award, except in accordance with the provisions of the Plan and/or any Award Document applicable to any such Award Item. Subject to the provisions of this Section 15, any
modification, alteration or amendment of any provisions of the Plan may be made retroactively. 
 The Board reserves the right at any time to
suspend or terminate, in whole or in part, any or all of the provisions of the Plan for any reason and without the consent of or approval by the stockholders of the Company, any Recipient or beneficiary or any other person, committee or entity of
any kind; provided, however, that no such suspension or termination shall affect any right or obligation with respect to any Award theretofore made except as herein otherwise provided. 
 16. Continued Employment. The grant of an Award Item pursuant to the Plan shall not be construed to imply or to constitute evidence of any
agreement, express or 

  

 16 

 
implied, on the part of the Company or any Affiliate to retain the Recipient in the employ of the Company or an Affiliate, as a member of the Board, as an
independent contractor or in any other capacity, whichever the case may be. 
 17. Securities Law. The Plan and the grant of
Award Items shall be subject to all applicable Federal and state laws, rules and regulations and to such approvals by any government or regulatory agency as may be required. It is intended that the Plan be applied and administered in compliance with
Rule 16b-3. If any provision of the Plan would be in violation of Rule 16b-3 if applied as written, such provision shall not have effect as written and shall be given effect so as to comply with Rule 16b-3, as determined by the Committee. The Board
is authorized to amend the Plan and to make any such modifications to Award Documents to comply with Rule 16b-3, and to make any such other amendments or modifications as it deems necessary or appropriate to better accomplish the purposes of the
Plan in light of any amendments made to Rule 16b-3. 
 18. Withholding of Taxes. The Company shall withhold the amount of any
withholding or other tax required by law to be withheld or paid by the Company with respect to any amount payable or that otherwise becomes taxable. Whenever the Company proposes or is required to issue or transfer Shares, the Company shall have the
right to (a) require the Recipient or transferee to remit to the Company an amount sufficient to satisfy any federal, state and/or local withholding tax requirements prior to the delivery or transfer of any certificate or certificates for such
Shares or (b) take whatever action it deems necessary to protect its interests, including the right to deduct the amount required to be withheld from any payment of any kind otherwise due to the Recipient. If and to the extent permitted by the
Committee, a Recipient may satisfy applicable withholding requirements by the delivery to the Company of previously held Shares or the withholding of Shares otherwise issuable to the Recipient. The Committee may add such other reasonable
requirements and limitations regarding elections pursuant to this Section 18 as it deems appropriate. 
 19.
General. 
 (a) Governing Law. The Plan shall be governed by and construed in accordance with the laws of the
State of Delaware, without regard to principles of conflict of laws. 
 (b) Term of Plan. The Plan shall become effective on
the Original Effective Date, and shall expire on the tenth anniversary of the Original Effective Date, unless sooner terminated by the Board. The Board shall submit this Plan to the stockholders of the Company for their approval at the first annual
meeting of stockholders held after the adoption of the Plan by the Board. Nothing contained in this Section 19(b), however, shall terminate or affect the continued existence of rights created under Awards issued hereunder and outstanding
on the tenth anniversary of the Original Effective Date which by their terms extend beyond such date. 
 (c) Leave of Absence.
The Committee may determine whether any given leave of absence constitutes a termination of employment for purposes of the Plan; provided, however, that (a) a leave of absence, duly authorized in writing by the Company for military
service or sickness, or for other purposes approved by the Company if the period of such 

  

 17 

 
leave does not exceed 90 days, and (b) a leave of absence in excess of 90 days, duly authorized in writing by the Company, provided the
Employee’s right to re-employment is guaranteed either by statute or contract, shall not be deemed a termination of employment. 
 (d)
Other Plans. The adoption of the Plan shall not be construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem desirable, including without limitation the awarding of stock
options otherwise than under the Plan. Unless otherwise provided by the Committee in an Award Document or in a written agreement between the Recipient and the Company or an Affiliate, the amounts deemed paid to a Recipient under the Plan shall not
be taken into account, in any manner, as salary, compensation or bonus in determining the amount of any payment under any pension, retirement, or other employee benefit plan, program or policy of the Company or any Affiliate. 
 IN WITNESS WHEREOF, the Company has caused this Plan, as amended and restated effective as of
January 1, 2008, to be executed this 19th day of December, 2008. 
  

							
	 	 	 	 	NOBEL LEARNING COMMUNITIES, INC.
				
	Attest:	 	G. Lee Bohs	 	By:	 	 /s/ George H. Bernstein

				
	Dated:	 	December 19, 2008	 		 	

  

 18Third Supplemental Indenture

 Exhibit 4.1 
 EXECUTION VERSION 
 THIRD SUPPLEMENTAL INDENTURE 
 Dated as of December 19, 2008 
 to 
 INDENTURE 
 Dated as of December 1, 1991 
 by and among 
 PNC FUNDING CORP 
 Issuer 
 THE PNC FINANCIAL SERVICES GROUP, INC. 
 (formerly known as PNC Bank Corp.) 
 Guarantor 
 and 
 THE BANK OF NEW YORK MELLON 
 (formerly known as The Bank of New York) as successor in interest to JPMorgan Chase 
 Bank (formerly known as The Chase Manhattan Bank) 
 Trustee 
 1.875% Senior Notes due 2011 
 2.300%
Senior Notes due 2012 

 Table of Contents 
  

							
	 	 	 	 	 	  	Page
	 ARTICLE I
	 	 DEFINITIONS
	  	2
				
		 	SECTION 101	 	 Defined Terms
	  	2
			
	 ARTICLE II
	 	 ESTABLISHMENT OF THE 1.875% SENIOR NOTES DUE 2011
	  	3
				
		 	SECTION 201	 	Establishment and Designation of the 2011 Notes	  	3
		 	SECTION 202	 	Form of the 2011 Notes	  	3
		 	SECTION 203	 	Principal Amount of the 2011 Notes	  	3
		 	SECTION 204	 	Interest Rate, Withholding and Additional Amounts of the 2011 Notes	  	3
		 	SECTION 205	 	Redemption of the 2011 Notes	  	3
		 	SECTION 206	 	Stated Maturity of the 2011 Notes	  	4
		 	SECTION 207	 	No Sinking Fund	  	4
		 	SECTION 208	 	Paying Agent and Security Registrar	  	4
		 	SECTION 209	 	Global Securities; Appointment of Depositary for Global Securities	  	4
			
	 ARTICLE III
	 	 ESTABLISHMENT OF THE 2.300% SENIOR NOTES DUE 2012
	  	4
				
		 	SECTION 301	 	Establishment and Designation of the 2012 Notes	  	4
		 	SECTION 302	 	Form of the 2012 Notes	  	4
		 	SECTION 303	 	Principal Amount of the 2012 Notes	  	4
		 	SECTION 304	 	Interest Rate, Withholding and Additional Amounts of the 2012 Notes	  	5
		 	SECTION 305	 	Redemption of the 2012 Notes	  	5
		 	SECTION 306	 	Stated Maturity of the 2012 Notes	  	5
		 	SECTION 307	 	No Sinking Fund	  	5
		 	SECTION 308	 	Paying Agent and Security Registrar	  	5
		 	SECTION 309	 	Global Securities; Appointment of Depositary for Global Securities	  	5
			
	 ARTICLE IV
	 	 FDIC GUARANTEE
	  	6
				
		 	SECTION 401	 	FDIC Guarantee	  	6
		 	SECTION 402	 	Acceleration of Maturity; Rescission and Annulment	  	6
		 	SECTION 403	 	Acknowledgement of the FDIC’s Debt Guarantee Program	  	7
		 	SECTION 404	 	Representative	  	7
		 	SECTION 405	 	Subrogation	  	7
		 	SECTION 406	 	Agreement to Execute Assignment upon Guarantee Payment	  	7
		 	SECTION 407	 	Surrender of Senior Unsecured Debt Instrument to the FDIC	  	8
		 	SECTION 408	 	Notice Obligations to FDIC of Payment Default	  	8
		 	SECTION 409	 	Ranking	  	9
		 	SECTION 410	 	No Event of Default During Time of Timely FDIC Guarantee Payments	  	9

  

 - i - 

							
	 	 	 	 	 	  	Page
		 	SECTION 411	 	No Modifications Without FDIC Consent	  	9
		 	SECTION 412	 	Demand Obligations to FDIC upon the Company’s Failure to Pay	  	9
		 	SECTION 413	 	Certain Rights of the Representative	  	10
			
	 ARTICLE V
	 	MISCELLANEOUS	  	11
				
		 	SECTION 501	 	Recitals by Company	  	11
		 	SECTION 502	 	Ratification and Incorporation of Original Indenture	  	11
		 	SECTION 503	 	Executed in Counterparts	  	11
		 	SECTION 504	 	No Undertakings by the Trustee	  	11

  

 - ii - 

 THIRD SUPPLEMENTAL INDENTURE, dated as of December 19, 2008 (this “Third Supplemental
Indenture”), by and among PNC FUNDING CORP, a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania (the “Company”), THE PNC FINANCIAL SERVICES GROUP, INC., a corporation duly organized and
existing under the laws of the Commonwealth of Pennsylvania (the “Guarantor”), as Guarantor, and THE BANK OF NEW YORK MELLON, a New York banking corporation (formerly known as The Bank of New York) as successor in interest to JPMorgan
Chase Bank (formerly known as The Chase Manhattan Bank), as Trustee under the Original Indenture (as hereinafter defined) (the “Trustee”). 
 WHEREAS, the Company, the Guarantor and the Trustee have heretofore entered into an indenture, dated as of December 1, 1991, as amended and supplemented by a First Supplemental Indenture, dated as of
February 15, 1993, as further amended by a Second Supplemental Indenture dated as of February 15, 2000 (as so amended, the “Original Indenture”); 
 WHEREAS, the Original Indenture is incorporated herein by this reference and the Original Indenture, as heretofore supplemented and amended and as further supplemented and amended by this Third Supplemental Indenture,
is herein called the “Indenture”; 
 WHEREAS, the Company, in the exercise of the power and authority conferred upon and reserved
to it under the provisions of the Original Indenture and pursuant to appropriate resolutions of the Board of Directors, has duly determined to make, execute and deliver to the Trustee this Third Supplemental Indenture to the Original Indenture in
order to establish the form and terms of, and to provide for the creation and issuance of, two new series of Securities designated as its “1.875% Senior Notes due 2011” in the initial aggregate principal amount of $500,000,000 (the
“2011 Notes”), which principal amount may be increased from time to time through the issuance of additional 2011 Notes, and the “2.300% Senior Notes due 2012” in the initial aggregate principal amount of $2,000,000,000 (the
“2012 Notes” and together with the 2011 Notes, the “Notes”) which principal amount may be increased from time to time through the issuance of additional 2012 Notes; 
 WHEREAS, Section 9.01 of the Original Indenture provides, among other things, that the Company, when authorized by Board Resolution, and the
Trustee, at any time and from time to time, without the consent of any Holders, may enter into an indenture supplemental to the Original Indenture to establish the form or terms of Securities of any series as permitted by Sections 2.03 and 3.01 of
the Original Indenture; 
 WHEREAS, the Company has requested that the Trustee execute and deliver this Third Supplemental Indenture; and

 WHEREAS, all things necessary to make the Notes, when executed by the Company and authenticated and delivered by the Trustee and issued
upon the terms and subject to the conditions hereinafter and in the Original Indenture set forth against payment therefor, the valid, binding and legal obligations of the Company and to make this Third Supplemental Indenture a valid, binding and
legal agreement of the Company, have been done. 

 NOW, THEREFORE, THIS THIRD SUPPLEMENTAL INDENTURE WITNESSETH that, in order to establish the form and
terms of the Notes and for and in consideration of the premises and of the covenants contained in the Original Indenture and in this Third Supplemental Indenture and for other good and valuable consideration the receipt and sufficiency of which are
hereby acknowledged, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders, as follows: 
 ARTICLE I

 DEFINITIONS 
 SECTION 101 Defined Terms. 
 Unless the context otherwise requires, capitalized terms used but not defined herein have the
meaning set forth in the Original Indenture. The following additional terms are hereby established for purposes of this Third Supplemental Indenture and shall have the meanings set forth in this Third Supplemental Indenture only for purposes of this
Third Supplemental Indenture: 
 “2011 Notes” has the meaning set forth in the recitals hereto. 
 “2012 Notes” has the meaning set forth in the recitals hereto. 
 “Business Day” has the meaning set forth in Section 408. 
 “Company” has the
meaning set forth in the recitals hereto. 
 “Debt Guarantee Program” has the meaning set forth in Section 403. 
 “Effective Period” has the meaning set forth in Section 407. 
 “FDIC” means the Federal Deposit Insurance Corporation, a corporation organized under the laws of the United States. 
 “Third Supplemental Indenture” has the meaning set forth in the recitals hereto. 
 “Guarantor” has the meaning set forth in the recitals hereto. 
 “Holder” means a “Holder” (as defined in the Original Indenture) of the Notes. 
 “Indenture” has the meaning set forth in the recitals hereto. 
 “Master Agreement” means the Master Agreement,
dated December 16, 2008, as the same may be amended from time to time, by and between the Company, the Guarantor and the FDIC pursuant to which the FDIC agrees to guarantee payments with respect to certain debt securities that are eligible for
such guarantee under the Debt Guarantee Program. 
 “Notes” has the meaning set forth in the recitals hereto. 
 “Original Indenture” has the meaning set forth in the recitals hereto. 
  

 - 2 - 

 “Representative” has the meaning set forth in Section 404. 
 “Temporary Liquidity Guarantee Program” means the Temporary Liquidity Guarantee Program established pursuant to 12 C.F.R. Part 370. 

“Trustee” has the meaning set forth in the recitals hereto. 
 ARTICLE II 
 ESTABLISHMENT OF THE 1.875% SENIOR NOTES DUE 2011 
 SECTION 201 Establishment and Designation of the 2011 Notes. 
 Pursuant to the terms hereof and Section 3.01 of the Indenture, the Company hereby establishes a series of Securities known and designated as the “1.875% Senior Notes due 2011”. The 2011 Notes shall be
designated Senior Debt Securities. 
 SECTION 202 Form of the 2011 Notes. 
 The 2011 Notes shall be issued in the form of one or more Global Securities in substantially the form set forth in Exhibit A hereto.

 SECTION 203 Principal Amount of the 2011 Notes. 
 The 2011 Notes shall have an initial aggregate principal amount of $500,000,000. The Company and the Guarantor may from time to time, without the consent of the Holders of the 2011 Notes and in accordance with the
Indenture, create and issue further notes having the same terms and conditions as the 2011 Notes in all respects so as to form a single series with the 2011 Notes. 
 SECTION 204 Interest Rate, Withholding and Additional Amounts of the 2011 Notes. 
 Interest on the
2011 Notes will accrue from and including December 22, 2008 and will be payable semi-annually in arrears on June 22 and December 22 of each year, commencing June 22, 2009. Interest will be computed on the basis of a 360-day year
consisting of twelve 30-day months. The 2011 Notes shall be subject to tax withholding and the payment of Additional Amounts as defined in the form of the 2011 Note set forth in Exhibit A hereto. 
 SECTION 205 Redemption of the 2011 Notes. 
 The 2011 Notes may be redeemed, as a whole but not in part, at the option of the Company, at a redemption price equal to 100% of the principal amount of the 2011 Notes to be redeemed together with interest accrued to the date fixed for
redemption upon the occurrence of the events and in accordance with the obligations set forth in the form of the 2011 Note set forth in Exhibit A hereto. Immediately prior to the giving of any notice of redemption of the 2011 Notes
pursuant to this Section 205 and the terms of the 2011 Notes, the Company will deliver to the Trustee an Officers’ Certificate stating that the Company is entitled to effect such redemption and setting forth in reasonable detail a
statement of facts showing that the conditions precedent to the right of the Company to so redeem the 2011 Notes have occurred. 
  

 - 3 - 

 SECTION 206 Stated Maturity of the 2011 Notes. 
 The 2011 Notes shall have a Stated Maturity of June 22, 2011. 
 SECTION 207 No Sinking Fund. 
 No sinking fund is provided for the 2011 Notes. 
 SECTION 208 Paying Agent and Security Registrar. 
 The Trustee is hereby appointed as initial Paying Agent, Transfer Agent and Security Registrar for the 2011 Notes. The Place of Payment of the 2011 Notes shall be the Corporate Trust Office of the Trustee. If any
Paying Agent is appointed, and such Paying Agent is not also serving as the Representative, the Company, the Guarantor and such Paying Agent shall enter into a written agreement requiring the Paying Agent to send a written notice to the
Representative within one (1) day of any uncured payment default by the Company or the Guarantor, informing the Representative of such uncured payment default. 
 SECTION 209 Global Securities; Appointment of Depositary for Global Securities. 
 The 2011 Notes shall
be issued in the form of one or more permanent Global Securities registered in the name of The Depositary Trust Company, which will act as the Depositary, as provided in Section 2.05 of the Indenture. The Global Securities will be deposited
with, or on behalf of, the Depositary, or with the Trustee, as custodian for the Depositary, duly executed by the Company and authenticated by the Trustee. The 2011 Notes will be available for purchase in denominations of $2,000 and integral
multiples of $1,000 thereof in book-entry form only, subject to certain exceptions. Beneficial interests in the 2011 Notes represented by each Global Security will be shown on, and transfers thereof will be effected only through, records maintained
by such Depositary and its direct and indirect participants. 
 ARTICLE III 
 ESTABLISHMENT OF THE 2.300% SENIOR NOTES DUE 2012 
 SECTION 301 Establishment
and Designation of the 2012 Notes. 
 Pursuant to the terms hereof and Section 3.01 of the Indenture, the Company hereby establishes
a series of Securities known and designated as the “2.300% Senior Notes due 2012”. The 2012 Notes shall be designated Senior Debt Securities. 
 SECTION 302 Form of the 2012 Notes. 
 The 2012 Notes shall be issued in the form of one or more Global
Securities in substantially the form set forth in Exhibit B hereto. 
 SECTION 303 Principal Amount of the 2012 Notes.

 The 2012 Notes shall have an initial aggregate principal amount of $2,000,000,000. The Company and the Guarantor may from time to time,
without the consent of the Holders of the 

  

 - 4 - 

 
2012 Notes and in accordance with the Indenture, create and issue further notes having the same terms and conditions as the 2012 Notes in all respects so as
to form a single series with the 2012 Notes. 
 SECTION 304 Interest Rate, Withholding and Additional Amounts of the 2012 Notes.

 Interest on the 2012 Notes will accrue from and including December 22, 2008 and will be payable semi-annually in arrears on
June 22 and December 22 of each year, commencing June 22, 2009. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. The 2012 Notes shall be subject to tax withholding and the payment of
Additional Amounts as defined in the form of the 2012 Note set forth in Exhibit B hereto. 
 SECTION 305 Redemption of the 2012
Notes. 
 The 2012 Notes may be redeemed, as a whole but not in part, at the option of the Company, at a redemption price equal to 100% of
the principal amount of the 2012 Notes to be redeemed together with interest accrued to the date fixed for redemption upon the occurrence of the events and in accordance with the obligations set forth in the form of the 2012 Note set forth in
Exhibit B hereto. Immediately prior to the giving of any notice of redemption of the 2012 Notes pursuant to this Section 305 and the terms of the 2012 Notes, the Company will deliver to the Trustee an Officers’ Certificate
stating that the Company is entitled to effect such redemption and setting forth in reasonable detail a statement of facts showing that the conditions precedent to the right of the Company to so redeem the 2012 Notes have occurred. 
 SECTION 306 Stated Maturity of the 2012 Notes. 
 The 2012 Notes shall have a Stated Maturity of June 22, 2012. 
 SECTION 307 No Sinking Fund.

 No sinking fund is provided for the 2012 Notes. 
 SECTION 308 Paying Agent and Security Registrar. 
 The Trustee is hereby appointed as initial Paying
Agent, Transfer Agent and Security Registrar for the 2012 Notes. The Place of Payment of the 2012 Notes shall be the Corporate Trust Office of the Trustee. If any Paying Agent is appointed, and such Paying Agent is not also serving as the
Representative, the Company, the Guarantor and such Paying Agent shall enter into a written agreement requiring the Paying Agent to send a written notice to the Representative within one (1) day of any uncured payment default by the Company or
the Guarantor, informing the Representative of such uncured payment default. 
 SECTION 309 Global Securities; Appointment of Depositary
for Global Securities. 
 The 2012 Notes shall be issued in the form of one or more permanent Global Securities registered in the name of
The Depositary Trust Company, which will act as the Depositary, as provided in Section 2.05 of the Indenture. The Global Securities will be deposited with, or on behalf of, the Depositary, or with the Trustee, as custodian for the Depositary,
duly executed by 

  

 - 5 - 

 
the Company and authenticated by the Trustee. The 2012 Notes will be available for purchase in denominations of $2,000 and integral multiples of $1,000
thereof in book-entry form only, subject to certain exceptions. Beneficial interests in the 2012 Notes represented by each Global Security will be shown on, and transfers thereof will be effected only through, records maintained by such Depositary
and its direct and indirect participants. 
 ARTICLE IV 
 FDIC GUARANTEE 
 SECTION 401 Events of Default and Defaults. 
 Sections 7.01(a)(1) and 7.01(a)(2) of the Original Indenture shall not apply to the Notes and the following paragraphs shall hereby be inserted with
respect to the Notes in lieu thereof: 
 “(1) default (a) by the Company in the payment of interest, if any, upon
the 2011 Notes or the 2012 Notes when such interest becomes due and payable, and continuance of such default for a period of 30 days and (b) by the FDIC in the payment of interest, if any, upon the 2011 Notes or the 2012 Notes in accordance
with the Temporary Liquidity Guarantee Program (12 C.F.R. Part 370); or 
 (2) default (a) by the Company in the payment
of the principal of (including any sinking fund payment or analogous obligation) or premium, if any, on the 2011 Notes or the 2012 Notes as and when the same shall become due and payable either at Maturity, upon redemption, by declaration, or
otherwise and (b) by the FDIC in the payment of the principal of (or premium, if any, on) the 2011 Notes or the 2012 Notes in accordance with the Temporary Liquidity Guarantee Program (12 C.F.R. Part 370).” 
 SECTION 402 Acceleration of Maturity; Rescission and Annulment. 
 The first paragraph of Section 7.02 of the Original Indenture shall not apply to the Notes and the following paragraph shall hereby be inserted with respect to the Notes in lieu thereof: 
 “If an Event of Default specified in Sections 7.01(a)(1) or 7.01(a)(2) occurs with respect to the 2011 Notes or the 2012 Notes and
is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the 2011 Notes or the 2012 Notes, as the case may be, Outstanding may declare the principal amount, premium, if any, and
accrued interest of all of the 2011 Notes or the 2012 Notes, as the case may be, to be due and payable immediately, by a notice in writing to the Company and the Guarantor (and to the Trustee if given by Holders), and upon any such declaration such
principal amount, premium, if any, and accrued interest shall become immediately due and payable.” 
  

 - 6 - 

 SECTION 403 Acknowledgement of the FDIC’s Debt Guarantee Program. 
 The Company and the Guarantor have not opted out of the Debt Guarantee Program as set forth in 12 C.F.R. Part 370 (the “Debt Guarantee Program”)
established by the FDIC under its Temporary Liquidity Guarantee Program. 
 As a result, this debt is guaranteed under the FDIC Temporary
Liquidity Guarantee Program and is backed by the full faith and credit of the United States. The details of the FDIC guarantee are provided in the FDIC’s regulations, 12 C.F.R. Part 370, and at the FDIC’s website, www.fdic.gov/tlgp. The
expiration date of the FDIC’s guarantee is the earlier of the maturity date of this debt or June 30, 2012. 
 The security
certificate, note or other instrument evidencing each Note shall bear a legend, upon which the Representative (as defined below) shall be entitled to rely, to the effect that such certificate, note or other instrument is guaranteed by the FDIC under
the Debt Guarantee Program. 
 SECTION 404 The Trustee as Representative of Holders. 
 The Trustee is hereby designated, and each Holder of the 2011 Notes or the 2012 Notes, as the case may be, by its acceptance of a Note, shall be deemed to
have appointed the Trustee, as the duly authorized representative of the Holders for purposes of making claims and taking other permitted or required actions under the Debt Guarantee Program (the “Representative”). Any Holder may elect not
to be represented by the Representative by providing written notice of such election to the Representative (it being understood that such election shall not affect the Trustee’s capacity hereunder except as the representative of such Holder
under the Debt Guarantee Program). Each of the Company and the Guarantor hereby authorizes and directs the Representative to take all actions on behalf of the Holders that the Representative is required or empowered to take on behalf of the Holders
pursuant to the Debt Guarantee Program. Until instructed by Holders of not less than 25% in aggregate principal amount of the 2011 Notes or the 2012 Notes, as the case may be, the Representative shall have no duty or obligation to take any action
which it is empowered but not required to take and shall have no liability or responsibility for failure to do so. For avoidance of doubt, the obligations of the Representative pursuant to Section 412 hereto shall be deemed to be required
actions. 
 SECTION 405 Subrogation. 
 The FDIC shall be subrogated to all of the rights of the Holders and the Representative under the Notes and the Indenture against the Company and the Guarantor in respect of any amounts paid to the Holders, or for the
benefit of the Holders, by the FDIC pursuant to the Debt Guarantee Program. 
 SECTION 406 Agreement to Execute Assignment upon Guarantee
Payment. 
 The Holders, by acceptance of the 2011 Notes or the 2012 Notes, as the case may be, hereby authorize and direct the
Representative, at such time as the FDIC shall commence making any guarantee payments to the Representative for the benefit of the Holders pursuant to the Debt Guarantee Program, to execute an assignment in the form attached to each Note pursuant to
which the Representative shall assign to the FDIC its right as Representative to receive any and all payments from the Company or the Guarantor under the 2011 Notes or the 2012 Notes, as the 

  

 - 7 - 

 
case may be, on behalf of the Holders. Each of the Company and the Guarantor hereby consents and agrees that the FDIC is an acceptable transferee for all or
any portion of the indebtedness hereunder for all purposes of the 2011 Notes or the 2012 Notes, as the case may be, and upon any such assignment, the FDIC shall be deemed the Holder of the 2011 Notes or the 2012 Notes, as the case may be, for all
purposes hereof, and each of the Company and the Guarantor hereby agrees to take such reasonable steps as are necessary to comply with any relevant provision of the 2011 Notes or the 2012 Notes, as the case may be, and the Indenture as a result of
such assignment. 
 If a Holder has exercised its right not to be represented by the Representative, such Holder, by its acceptance of the
2011 Notes or the 2012 Notes, as the case may be, agrees that, at such time as the FDIC shall commence making any guarantee payments to the Representative for the benefit of the Holders pursuant to the Debt Guarantee Program, such Holder shall
execute an assignment in the form attached to each Note pursuant to which the Holder shall assign to the FDIC its right to receive any and all payments from the Company or the Guarantor under the Notes and the Indenture. 
 SECTION 407 Surrender of Senior Unsecured Debt Instrument to the FDIC. 
 If, at any time on or prior to the expiration of the period during which senior unsecured debt of the Company is guaranteed by the FDIC under the Debt
Guarantee Program (the “Effective Period”), payment in full hereunder shall be made pursuant to the Debt Guarantee Program on the outstanding principal and accrued interest to such date of payment, the Holder shall, or the Holder shall
cause the person or entity in possession to, promptly surrender to the FDIC their Notes or other instrument evidencing such Notes, if any. 
 SECTION 408 Notice Obligations to FDIC of Payment Default. 
 If, at any time prior to the earlier of (a) full
satisfaction of the payment obligations in respect of the 2011 Notes or the 2012 Notes, or (b) expiration of the Effective Period, the Company or the Guarantor is in default of any payment obligation hereunder, including timely payment of any
accrued and unpaid interest on the 2011 Notes or the 2012 Notes, without regard to any cure period, the Representative and the Company covenant and agree that each shall provide written notice to the FDIC within one (1) Business Day of such
payment default at the address set forth below, or at such other address or by such other means of delivery as the FDIC may specify from time to time: 
 The Federal Deposit Insurance Corporation 
 Deputy Director, Receivership Operations Branch 
 Division of Resolutions and Receiverships 
 Attention: Master Agreement 
 550 17th Street, N.W. 
 Washington, D.C. 20429 
 Solely for the purpose of this Section 408, “Business Day” means any
day that is not a Saturday, a Sunday or a day on which banks are required or authorized by law to be closed in the State of New York. 
  

 - 8 - 

 SECTION 409 Ranking. 
 Any indebtedness of the Company or the Guarantor to the FDIC arising under Section 2.03 of the Master Agreement will constitute a senior unsecured general obligation of the Company, ranking pari passu with the
Notes. 
 SECTION 410 No Event of Default During Time of Timely FDIC Guarantee Payments. 
 There shall not be deemed to be an Event of Default under the 2011 Notes or the 2012 Notes or the Indenture which would permit or result in the
acceleration of amounts due hereunder, if such an Event of Default is due solely to the failure of the Company or the Guarantor to make timely payment hereunder, provided that the FDIC is making timely guarantee payments with respect to the 2011
Notes or the 2012 Notes, as the case may be, in accordance with 12 C.F.R Part 370. 
 Without limiting the foregoing, under no
circumstances shall an Event of Default specified in Sections 7.01(a)(3) or 7.01(a)(4) of the Indenture result in any acceleration of the amounts due under the Notes. 
 SECTION 411 No Modifications Without FDIC Consent. 
 Notwithstanding anything to the contrary
contained herein, without the express written consent of the FDIC, the Company, the Guarantor and the Trustee agree not to amend, modify, supplement or waive any provision in the Notes or the Indenture that is related to the principal, interest,
payment, default or ranking of the indebtedness of the Notes or that is required to be included herein pursuant to the Master Agreement; or any provision herein or therein that would require the consent of each Holder of the 2011 Notes or the 2012
Notes, as the case may be,. 
 SECTION 412 Demand Obligations to FDIC upon the Company’s Failure to Pay.

 On the 30th day after the date the Company defaults in payment of interest on the 2011 Notes or the 2012 Notes which default has not been
cured by the Company or the Guarantor by such 30th day, in the case of default in interest, or not later than the day of Maturity, in the case of default in principal of the 2011 Notes or the 2012 Notes, the Representative shall make a demand on
behalf of the Holders of the 2011 Notes or the 2012 Notes, as the case may be, to the FDIC for payment on the guaranteed amount under the Debt Guarantee Program. Such demand shall be accompanied by a proof of claim, which shall include evidence in
form and content satisfactory to the FDIC, of: (A) the Representative’s financial and organizational capacity to act as Representative; (B) the Representative’s exclusive authority to act on behalf of the Holders of such Notes
and its fiduciary responsibility to the Holders of such Notes when acting as such, as established by the terms of the 2011 Notes or the 2012 Notes and the Indenture; (C) the occurrence of a payment default; and (D) the authority to make an
assignment of the Holders’ right, title, and interest in the 2011 Notes or the 2012 Notes to the FDIC and to effect the transfer to the FDIC of the Holders’ claim in any insolvency proceeding. Such assignment shall include the right of the
FDIC to receive any and all distributions on the 2011 Notes or the 2012 Notes, as the case may be, from the proceeds of the receivership or bankruptcy estate. Any demand under this Section 412 shall be made in writing and directed to the
Director, Division of Resolution and Receiverships, Federal Deposit Insurance Corporation, Washington, D.C., and shall include all supporting evidences as provided in this Section 412, and shall certify to the accuracy thereof. 
  

 - 9 - 

 SECTION 413 Certain Rights of the Representative. 
 Notwithstanding anything herein to the contrary, the rights, benefits and immunities under this Indenture shall apply equally to the Trustee in its
capacity as Representative. In addition: 
  

	 	(a)	the Representative shall have no duty or obligation to ensure payment by the FDIC, including, but not limited to, seeking judgment against the FDIC or otherwise for the FDIC’s
failure to pay; 

  

	 	(b)	the Representative shall not be subject to, nor be required to interpret or comply with, or determine if any party has complied with the Master Agreement; 

 

	 	(c)	the Representative shall not be liable for any action taken on behalf of a Holder which elects not to be represented by the Representative pursuant to Section 404 hereof prior
to the receipt of written notice of such election by the Representative from such Holder; 

  

	 	(d)	at any time when the Paying Agent is not also the Representative hereunder, the Paying Agent shall immediately notify in writing the Representative of any uncured payment default by
the Company or the Guarantor. Such notice to the Representative of any uncured payment by the Company or the Guarantor may also be given to the Representative by Holders of not less than 10% in aggregate principal amount of the 2011 Notes or the
2012 Notes, as the case may be. The Representative shall have no duty with respect hereto unless and until it shall have received such written notice; 

  

	 	(e)	the Representative may execute any powers hereunder or perform any duties hereunder, including, but not limited to, the submission of a demand for payment, either directly or by or
through agents or attorneys and the Representative shall not be liable for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; and 

  

	 	(f)	if in connection with the submission of a demand for payment to the FDIC, or for any other reason in connection with this Indenture or the Debt Guarantee Program, the Representative
believes that any ambiguity or uncertainty exists with respect to any action to be taken under the Indenture, the Representative may seek the advice or opinion of counsel prior to making any such demand for payment or taking any such action unless
and until it shall have received such advice or opinion of counsel regarding such matter. The Representative shall be fully protected and shall not be liable to any person or entity for refraining from taking any such action unless and until and the
Representative shall have received such advice or opinion of counsel; 

  

 - 10 - 

 it being understood that none of the foregoing provisions or any other provisions contained herein shall be construed to
relieve the Representative from liability as provided under the terms of the Indenture. 
 ARTICLE V 
 MISCELLANEOUS 
 SECTION 501 Recitals
by Company. 
 The recitals contained herein are made by the Company and the Guarantor only and not by the Trustee, and the Trustee
assumes no responsibility for the correctness thereof. All of the provisions contained in the Original Indenture in respect of the rights, powers, privileges, protections, duties and immunities of the Trustee shall be applicable as fully and with
like effect as if set forth herein in full. 
 SECTION 502 Ratification and Incorporation of Original Indenture. 
 This Third Supplemental Indenture shall be construed as supplemental to the Original Indenture and shall form a part of it, and the Original Indenture is
hereby incorporated by reference herein and each is hereby ratified, approved and confirmed. 
 SECTION 503 Executed in Counterparts.

 This Third Supplemental Indenture may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of
which when taken together shall constitute but one instrument. 
 SECTION 504 No Undertaking or Representation by the Trustee.

 The Trustee makes no undertaking or representations in respect of, and shall not be responsible in any manner whatsoever for and in respect
of, the validity or sufficiency of this Third Supplemental Indenture or the proper authorization or the due execution hereof by the Company or for or in respect of the recitals and statements contained herein, all of which recitals and statements
are made solely by the Company. 
 SECTION 505 Governing Law. 
 This Third Supplemental Indenture shall be construed in accordance with and governed by the laws of the jurisdiction which govern the Indenture and its
construction. 
 — end of page — 
 [Signatures appear on following page.] 
  

 - 11 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be duly executed
by their respective authorized officers as of the date first written above. 
  

									
	[Corporate Seal]	 		 	PNC FUNDING CORP,
		 		 		 	as Issuer
					
		 		 		 	By:	 	 /s/ Randall C. King

	By:	 	 /s/ George P. Long, III
	 		 	Name:	 	Randall C. King
		 	Secretary	 		 	Title:	 	Senior Vice President
			
	[Corporate Seal]	 		 	 THE PNC FINICAL SERVICES GROUP, INC.,
 as
Guarantor

					
	By:	 	 /s/ George P. Long, III
	 		 	By:	 	 /s/ Randall C. King

		 	Secretary	 		 	Name:	 	Randall C. King
		 		 		 	Title:	 	Senior Vice President
				
		 		 		 	THE BANK OF NEW YORK MELLON,
		 		 		 	as Trustee
					
		 		 		 	By:	 	 /s/ Francine Kincaid

		 		 		 	Name:	 	Francine Kincaid
		 		 		 	Title:	 	Vice President

 Signature Page to Third Supplemental Indenture 

 EXHIBIT A 
 FORM OF 1.875% SENIOR NOTE DUE 2011 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES
IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH
NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO
CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THE INDENTURE, DATED AS OF DECEMBER 1, 1991, RELATING TO THIS SECURITY, HAS BEEN AMENDED BY A SUPPLEMENTAL INDENTURE, DATED AS OF FEBRUARY 15,
1993, A SECOND SUPPLEMENTAL INDENTURE, DATED AS OF FEBRUARY 15, 2000, AND A THIRD SUPPLEMENTAL INDENTURE DATED AS OF DECEMBER 19, 2008. 
 NEITHER THIS SECURITY NOR THE GUARANTEE INCLUDED HEREIN IS A BANK DEPOSIT OR INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR BY ANY OTHER INSURER OR GOVERNMENTAL AGENCY. THIS SECURITY IS GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, AND THE RIGHTS OF THE HOLDER OF THIS SECURITY ARE SUBJECT TO CERTAIN RIGHTS OF THE FDIC, AS AND TO THE EXTENT SET FORTH IN THIS SECURITY AND THE THIRD SUPPLEMENTAL INDENTURE DATED AS OF DECEMBER 19, 2008. 
  

 A-1 

 PNC FUNDING CORP 
 1.875% SENIOR NOTES DUE 2011 
 (the “Security”) 
  

			
	REGISTERED	  	CUSIP: 69351CAA1
	No.	  	ISIN: US69351CAA18
		  	$             

 PNC FUNDING CORP, a corporation duly organized and existing under the laws of Pennsylvania
(herein called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, the principal sum of
             Dollars on June 22, 2011, and to pay interest thereon from and including December 22, 2008 or from the most recent Interest Payment Date to which interest has
been paid or duly provided for, semiannually in arrears on June 22 and December 22 of each year, commencing June 22, 2009 (each an “Interest Payment Date”) and at maturity, at the rate of 1.875% per annum, until the
principal hereof is paid or made available for payment, and (to the extent that the payment of such interest shall be legally enforceable) at the same rate per annum on any overdue principal and premium and on any overdue installment of interest.
Interest shall accrue from and including December 22, 2008, to, but excluding the first Interest Payment Date and then from, and including, the immediately preceding Interest Payment Date to which interest has been paid or duly provided for,
to, but excluding, the next Interest Payment Date or the maturity date, as the case may be. Each of these periods is referred to as an “interest period.” Interest will be computed on the basis of a 360-day year consisting of twelve 30-day
months. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date, subject to certain exceptions, will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be June 7 or December 7 (whether or not a Business Day), as the case may be, immediately preceding such Interest
Payment Date. However, interest payable on the maturity date will be paid to the person to whom the principal will be payable. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such
Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by
the Trustee, notice whereof shall be given to Holders of this Security not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner acceptable to the Trustee and not inconsistent with the requirements of
any securities exchange on which this Security may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 
 If an interest payment date or the maturity date for this Security falls on a day that is not a Business Day, the Company will postpone the interest payment or the payment of principal and interest at maturity to the
next succeeding Business Day, but the payments made on such dates will be treated as being made on the date that the payment was first due and the Holder will not be entitled to any further interest or other payments with respect to such
postponements. 
  

 A-2 

 “Business Day” means any day except a Saturday, a Sunday or a legal holiday in the City of New
York or the City of Pittsburgh on which banking institutions are authorized or obligated by law, regulation or executive order to close. 
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities” or “Notes”), issued and to be issued in one or more series under an Indenture, dated as of December 1,
1991, among the Company, PNC Financial Corp (also known as “PNC Bank Corp.” and now known as “The PNC Financial Services Group, Inc.”) (the “Guarantor”) and The Bank of New York Mellon (formerly known as The Bank of New
York) as successor in interest to JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank), as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture) as amended by a Supplemental
Indenture dated as of February 15, 1993 by and among the Company, the Guarantor and the Trustee, as further amended by a Second Supplemental Indenture dated as of February 15, 2000 by and among the Company, the Guarantor and the Trustee,
as further amended by a Third Supplemental Indenture dated as of December 19, 2008 by and among the Company, the Guarantor and the Trustee (the “Third Supplemental Indenture”) (such Indenture as amended being herein called the
“Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders
of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated above, initially issued in the aggregate principal amount of $500,000,000, which principal
amount may be increased from time to time through the issuance of additional Notes as the Company may determine or as provided for in the Indenture. 
 If the beneficial owner of this Security is not a United States Alien (as defined below), payments of principal and interest in respect of this Security shall be made free and clear of, and without withholding or
deduction for, any taxes, duties, assessments or government charges of whatever nature imposed, levied, collected, withheld or assessed by or within the United States (as defined below) or any authority therein or thereof having power to tax, unless
such withholding or deduction is required by law. 
 If the beneficial owner of this Security is a United States Alien and the Company is
required by law to make any such withholding or deduction, the Company will pay all additional amounts that may be necessary so that every Net Payment (as defined below) of the principal of or interest on this Security to such beneficial owner will
not be less than the amount provided for in this Security to be then due and payable (“Additional Amounts”); provided, however, that the Company shall have no obligation to pay Additional Amounts for or on account of any one
or more of the following: 
 (i) any tax, assessment or other governmental charge imposed solely because at any time there is or was a
connection between such beneficial owner (or between a fiduciary, settlor, beneficiary or member of such beneficial owner, if such beneficial owner is an estate, trust or partnership) and the United States (other than the mere receipt of a payment
on, or the ownership or holding of, a Security), including because such beneficial owner (or such fiduciary, 

  

 A-3 

 
settlor, beneficiary or member) at any time, for U.S. federal income tax purposes: (a) is or was a citizen or resident, or is or was treated as a
resident, of the United States, (b) is or was present in the United States, (c) is or was engaged in a trade or business in the United States, (d) has or had a permanent establishment in the United States, (e) is or was a
domestic or foreign personal holding company, a passive foreign investment company or a controlled foreign corporation, (f) is or was a corporation that accumulates earnings to avoid U.S. federal income tax or (g) is or was a
“10-percent shareholder” of the Company as defined in section 871(h)(3) of the U.S. Internal Revenue Code or any successor provision; 
 (ii) any tax, assessment or governmental charge imposed solely because of a change in applicable law or regulation, or in any official interpretation or application of applicable law or regulation, that becomes effective more than
15 days after the day on which the payment becomes due or is made available, whichever occurs later; 
 (iii) any estate, inheritance,
gift, sales, excise, transfer, wealth or personal property tax or any similar tax, assessment or other governmental charge; 
 (iv) any tax,
assessment or other governmental charge imposed solely because such beneficial owner or any other Person fails to comply with any certification, identification or other reporting requirement concerning the nationality, residence, identity or
connection with the United States of the Holder or any beneficial owner of this Security, if compliance is required by statute, by regulation of the U.S. Treasury Department or by an applicable income tax treaty to which the United States is a
party, as a precondition to exemption from such tax, assessment or other governmental charge; 
 (v) any tax, assessment or other
governmental charge that can be paid other than by deduction or withholding from a payment on this Security; 
 (vi) any tax, assessment or
other governmental charge imposed solely because the payment is to be made by a particular Paying Agent (which term may include the Company) and would not be imposed if made by another Paying Agent (which term may include the Company); 

(vii) by or on behalf of a Holder who would be able to avoid such withholding or deduction by presenting this Security to another Paying Agent in a
Member State of the European Union; 
 (viii) any tax, assessment or other governmental charge imposed solely because the Holder (1) is
a bank purchasing this Security in the ordinary course of its lending business or (2) is a bank that is neither (A) buying this Security for investment purposes only nor (B) buying this Security for resale to a third party that either
is not a bank or holding the note for investment purposes only; or 
 (ix) any combination of the taxes, assessments or other governmental
charges described in items (i) through (viii) of this paragraph. 
 Additional Amounts also will not be paid with respect to any
payment of principal of or interest on this Security to any United States Alien who is a fiduciary or a partnership, or who is not the sole beneficial owner of any such payment, to the extent that the Company would 

  

 A-4 

 
not be required to pay Additional Amounts to any beneficiary or settlor of such fiduciary or any member of such a partnership, or to any beneficial owner of
the payment, if that Person had been treated as the beneficial owner of this Security for this purpose. 
 Except as specifically provided
herein, the Company shall not be required to make any payment with respect to any tax, assessment or other governmental charge imposed by any government or any political subdivision or taxing authority thereof or therein. 
 Whenever in this Security (or in the Indenture, including in Sections 701(a)(1) and 701(a)(2) thereof, insofar as applicable to this Security)
there is a reference, in any context, to the payment of the principal of or interest on this Security, such mention shall be deemed to include mention of any payment of Additional Amounts to United States Aliens in respect of such payment of
principal or interest to the extent that, in such context, such Additional Amounts are, were or would be payable in respect thereof. Express mention of the payment of Additional Amounts in this Security shall not be construed as excluding Additional
Amounts in the provisions of this Security where such express mention is not made. 
 This Security may be redeemed, as a whole but not in
part, at the option of the Company, at a redemption price equal to 100% of the principal amount of the Security to be redeemed, together with interest accrued to the date fixed for redemption, if, as a result of any amendment to, or change in, the
laws or regulations of any U.S. Taxing Authority (as defined below), or any amendment to or change in any official interpretation or application of such laws or regulations, which amendment or change becomes effective or is announced on or after
December 22, 2008, the Company will become obligated to pay, on the next interest payment date, Additional Amounts in respect of this Security. If the Company becomes entitled to redeem this Security, it may do so on any day thereafter pursuant
to the Indenture; provided, however, that (1) the Company gives the Holder of this Security notice of such redemption not more than 60 days nor less than 30 days prior to the date fixed for redemption as provided in the Original
Indenture, (2) no such notice of redemption may be given earlier than 90 days prior to the next interest payment date on which the Company would be obligated to pay such Additional Amounts and (3) at the time such notice is given, such
obligation to pay such Additional Amounts remains in effect. Immediately prior to the giving of any notice of redemption of this Security pursuant to this paragraph, the Company will deliver to the Trustee an Officers’ Certificate stating that
the Company is entitled to effect such redemption and setting forth in reasonable detail a statement of facts showing that the conditions precedent to the right of the Company to so redeem this Security have occurred. Interest installments due on or
prior to a Redemption Date will be payable to the Holder of this Security or one or more Predecessor Securities, of record at the close of business on the relevant record date, all as provided in the Indenture. 
 The term “United States Alien” means any Person who, for U.S. federal income tax purposes, is a nonresident alien individual, a foreign
corporation, a foreign partnership one or more of the members of which is, for United States federal income tax purposes, a foreign corporation, a nonresident alien individual or a nonresident alien fiduciary of a foreign estate or trust, or a
nonresident alien fiduciary of an estate or trust that is not subject to U.S. federal income tax on a net income basis on income or gain from this Security. The term “United 

  

 A-5 

 
States” means the United States of America (including the states thereof and the District of Columbia), together with the territories, possessions and
all other areas subject to the jurisdiction of the United States of America. The term “U.S. Taxing Authority” means the United States of America or any state, other jurisdiction or taxing authority in the United States. The term “Net
Amount” means the amount the Company or its Paying Agent pays on this Security after deduction or withholding for or on account of any present or future tax, assessment or governmental charge imposed with respect to such payment by any U.S.
Taxing Authority. 
 There shall not be deemed to be an Event of Default under this Security which would permit or result in the
acceleration of amounts due under this Security, if such an Event of Default is due solely to the failure of the Company to make timely payment on this Security provided that the FDIC is making timely guarantee payments with respect to this Security
in accordance with the Debt Guarantee Program (as defined below). Subject to the foregoing, under no circumstances shall an Event of Default specified in Sections 7.01(a)(3) or 7.01(a)(4) of the Indenture result in any acceleration of the amounts
due under this Security. 
 If an Event of Default concerning: (1) default (a) by the Company in the payment of interest, if any,
upon any Security of this series when it becomes due and payable and continuance of such default for a period of 30 days and (b) by the FDIC in the payment of interest, if any, upon any Security of this series in accordance with the Temporary
Liquidity Guarantee Program (12 C.F.R. Part 370); or (2) default (a) by the Company in the payment of the principal of (or premium, if any, on) any Security of this series at its Maturity and (b) by the FDIC in the payment of the
principal of (or premium, if any, on) any Security of this series in accordance with the Temporary Liquidity Guarantee Program (12 C.F.R. Part 370) shall occur and is continuing, the principal of this Security may be declared due and payable in the
manner and with the effect provided in the Indenture. Upon payment (i) of the amount of principal so declared due and payable and (ii) of interest on any overdue principal and overdue interest (in each case to the extent that the payment
of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the principal of and interest, if any, on this Security shall terminate. 
 Unless the certificate of authentication hereon has been executed by the Trustee hereinafter referred to, by manual signature, this Security shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 The indebtedness of the Company evidenced by
this Security, including the principal thereof and interest thereon, is, to the extent and in the manner set forth in the Indenture, senior in right of payment to its obligations to Holders of Subordinated Debt Securities and Existing Company
Subordinated Indebtedness (each as defined in the Indenture) and shall rank pari passu in right of payment with each other and with Senior Company Indebtedness (as defined in the Indenture), as provided in the Indenture, and each
Holder of this Security, by the acceptance hereof, agrees to and shall be bound by such provisions of the Indenture. 
 The Indenture
permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the 

  

 A-6 

 
Guarantor and the rights of the Holders of the Securities of any series under the Indenture at any time by the Company, the Guarantor and the Trustee with
the consent of the Holders of a majority in principal amount of the outstanding Securities of all series (voting as one class) to be affected by such amendment or modification; provided, however, that the express written consent of the FDIC will be
required to amend, modify or waive any provision of this Security or the provisions of the Indenture relating to principal, interest, default or ranking provisions of such Securities; any provisions of this Security or the Indenture required to be
included by a “Master Agreement” between the Company and the FDIC relating to the Company’s participation in the “Debt Guarantee Program” component of the FDIC’s Temporary Liquidity Guarantee Program; or any other
provision that would require the consent of all Holders of the Securities. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Outstanding Securities of any series, on behalf of the
Holders of all Securities of such series, to waive compliance by the Company or the Guarantor with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of
this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such
consent or waiver is made upon this Security. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest (if any) on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 
 This Security is issuable only in registered form without coupons in denominations of $2,000 and any integral multiples of $1,000 thereof. This Security
is a global security, represented by one or more permanent global certificates registered in the name of the nominee of The Depository Trust Company (each a “Global Note” and collectively, the “Global Notes”). Accordingly, unless
and until it is exchanged in whole or in part for individual certificates evidencing the Securities represented hereby, this Security may not be transferred except as a whole by The Depositary Trust Company (the “Depositary”) to a nominee
of such Depositary or by a nominee of such Depositary or by the Depositary or any nominee to a successor Depositary or any nominee of such successor. Ownership of beneficial interests in this Security will be shown on, and the transfer of that
ownership will be effected only through, records maintained by the applicable Depositary or its nominee (with respect to interest of persons that have accounts with the Depositary (“Participants”) and the records of Participants (with
respect to interests of persons other than Participants)). Beneficial interests in Securities by persons that hold through Participants will be evidenced only by, and transfers of such beneficial interests with such Participants will be effected
only through, records maintained by such Participants. Except as provided below, owners of beneficial interests in this Security will not be entitled to have any individual certificates and will not be considered the owners or Holders thereof under
the Indenture. 
 Except in the limited circumstances set forth herein, Participants and owners of beneficial interests in the Global Notes
will not be entitled to receive Securities in definitive form and will not be considered Holders of Securities. If the Depositary is at any time unwilling, 

  

 A-7 

 
unable or ineligible to continue as Depositary and a successor Depositary is not appointed by the Company within 90 days, or an event of default has occurred
and is continuing, and the Depositary requests the issuance of certificated notes, the Company will issue individual certificates evidencing the Securities represented hereby in definitive form in exchange for this Security in registered form to
each person that the Depositary identifies as the beneficial owner of the Securities represented by the Global Notes upon surrender by the Depositary of the Global Notes. In addition, the Company may at any time and in its sole discretion determine
not to have any Securities represented by one or more global securities and, in such event, will issue individual certificates evidencing Securities in definitive form in exchange for this Security. In any such instance, an owner of a beneficial
interest in a Security will be entitled to physical delivery in certificated form of Securities equal in principal amount to such beneficial interest and to have such Securities registered in its name. This Security shall be issued in certificated
form, will be issued in denominations of $2,000 and any integral multiples of $1,000 thereof and will be issued in registered form only, without coupons. Neither the Company nor the principal paying agent will be liable for any delay by the
Depositary, its nominee or any direct or indirect participant in identifying the beneficial owners of the related Securities. The Company and the principal payment agent may conclusively rely on, and will be protected in relying on, instructions
from the Depositary or its nominee for all purposes, including with respect to the registration and delivery, and the respective principal amounts, of the Securities to be issued. 
 Except as provided herein, beneficial owners of Global Notes will not be entitled to receive physical delivery of Securities in definitive form and no
Global Note will be exchangeable except for another Global Note of like denomination and tenor to be registered in the name of the Depositary or its nominee. Accordingly, each person owning a beneficial interest in a Global Note must rely on the
procedures of the Depositary and, if such person is not a Participant, on the procedures of the Participant through which such person owns its interest, to exercise any rights of a Holder under the Securities. 
 Beneficial interests in the Global Notes will be represented through book-entry accounts of financial institutions acting on behalf of beneficial owners
as direct and indirect participants in the Depositary. Investors may elect to hold interests in the Global Notes through the Depositary, either directly if they are Participants of such system or indirectly through organizations that are
Participants in such system. 
 The laws of some jurisdictions may require that purchasers of securities take physical delivery of those
securities in definitive form. Accordingly, the ability to transfer interests in the Securities represented by a Global Note to those persons may be limited. In addition, because the Depositary can act only on behalf of its Participants, who in turn
act on behalf of persons who hold interests through Participants, the ability of a person having an interest in Securities represented by a Global Note to pledge or transfer such interest to persons or entities that do not participate in the
Depositary’s system, or otherwise to take actions in respect of such interest, may be affected by the lack of a physical definitive security in respect of such interest. 
 Neither the Company, the Trustee, the principal paying agent nor any Security Registrar will have any responsibility or liability for any aspect of the
records relating to or payments made on account of Securities by the Depositary, or for maintaining, supervising or reviewing any records of the Depositary relating to the Securities. 
  

 A-8 

 The Bank of New York Mellon will act as the Company’s principal paying agent with respect to the
Securities through its offices presently located at 101 Barclay Street—8W, New York, New York 10286. The Company may at any time rescind the designation of a paying agent, appoint a successor paying agent, or approve a change in the office
through which any paying agent acts. Payments of interest and principal may be made by wire-transfer in immediately available funds for Securities held in book-entry form or, at the Company’s option in the event the Securities are not
represented by Global Notes, by check mailed to the address of the person entitled to the payment as it appears in the Security register. Payment of principal will be made upon the surrender of the relevant Securities at the offices of the principal
paying agent. 
 Notices to the Holders of registered Securities will be mailed to them at their respective addresses in the register of the
Securities and will be deemed to have been given on the fourth weekday (being a day other than Saturday or Sunday) after the date of mailing. 
 The Indenture contains provisions setting forth certain conditions to the institution of proceedings by the Holders of Securities with respect to the Indenture or for any remedy under the Indenture. 
 All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
 The Trustee is hereby designated and the Holder of this Security, by its acceptance hereof, shall be deemed to have appointed the Trustee, as the duly
authorized representative of the Holder for purposes of making claims and taking other permitted or required actions under the Debt Guarantee Program (the “Representative”). The Holder hereby authorizes and directs the Representative, at
such time as the FDIC shall commence making any guarantee payments to the Representative for the benefit of such Holder pursuant to the Debt Guarantee Program (as defined below), to make an assignment of such Holder’s right, title and interest
in this Security to the FDIC and to effect the transfer to the FDIC of the Holder’s claim in any insolvency proceeding, including but not limited to, by executing an assignment in the form attached to the Third Supplemental Indenture. Any
Holder may elect not to be represented by the Representative by providing written notice of such election to the Representative. 
 The
Company, the Guarantor and the Trustee acknowledge that the Company has not opted out of the debt guarantee program (the “Debt Guarantee Program”) established by the Federal Deposit Insurance Corporation (“FDIC”) under its
Temporary Liquidity Guarantee Program. As a result, this debt is guaranteed under the FDIC Temporary Liquidity Guarantee Program and is backed by the full faith and credit of the United States. The details of the FDIC guarantee are provided in
the FDIC’s regulations, 12 CFR Part 370, and at the FDIC’s website, www.fdic.gov/tlgp. The expiration date of the FDIC’s guarantee is the earlier of the maturity date of this debt or June 30, 2012. 
 — end of page — 
 [Signatures appear on the following page] 
  

 A-9 

 IN WITNESS WHEREOF, PNC Funding Corp has caused this Security to be signed in its name by its Chairman
of the Board, President or any Executive or Senior Vice President, and by its Secretary or an Assistant Secretary, or by facsimiles of any of their signatures, and its corporate seal, or a facsimile thereof, to be hereto affixed. 
 Dated: 
  

			
	PNC FUNDING CORP
		
	By	 	  

	Name:	 	Randall C. King
	Title:	 	Senior Vice President

  

			
	Attest:
	
	  

	Name:	 	George P. Long, III
	Title:	 	Secretary

 [SEAL] 
  

 A-10 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	THE BANK OF NEW YORK MELLON
		 	as Trustee
		
	By	 	  

		 	Authorized officer

  

 A-11 

 GUARANTEE OF 
 THE PNC FINANCIAL SERVICES GROUP, INC. 
 FOR VALUE RECEIVED, THE PNC FINANCIAL SERVICES GROUP, INC.
(formerly known as PNC Financial Corp and PNC Bank Corp.), a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania (herein called the “Guarantor”), hereby unconditionally guarantees to the Holder of the
Security upon which this Guarantee is endorsed the due and punctual payment of the principal and interest on said Security, when and as the same shall become due and payable, whether by declaration thereof or otherwise, according to the terms
thereof and of the Indenture referred to therein. In case of default by PNC Funding Corp (herein called the “Company”) in the payment of any such principal or interest, the Guarantor agrees duly and punctually to pay the same. 

The Guarantor hereby agrees that its obligations hereunder shall be absolute and unconditional, irrespective of, and shall be unaffected by, any
invalidity, irregularity, or unenforceability of said Security or the Indenture, any failure to enforce the provisions of said Security or the Indenture, or any waiver, modification, or indulgence granted to the Company with respect thereto, by the
Holder of said Security or the Trustee under the Indenture or any other circumstances which may otherwise constitute a legal or equitable discharge of a surety or guarantor. The Guarantor hereby waives diligence, presentment, demand of payment,
filing of claims with a court in the event of a merger or bankruptcy of the Company, any right to require a proceeding first against the Company, protest or notice with respect to said Security or the indebtedness evidenced thereby, and all demands
whatsoever, and covenants that this Guarantee will not be discharged except by payment in full of the principal of and premium, if any, and interest on said Security. 
 The obligations of the Guarantor evidenced by this Guarantee, to the extent and in the manner set forth in the Indenture, shall rank pari passu in right of payment with each other and with the
Guarantor’s unsecured obligations to Holders of Senior Guarantor Indebtedness (as defined in the Indenture) and are senior in right of payment to the Existing Guarantor Subordinated Indebtedness (as defined in the Indenture), and each Holder of
a Security upon which this Guarantee is endorsed, by the acceptance hereof, agrees to and shall be bound by such provisions of the Indenture. 
 The Guarantor shall be subrogated to all rights of the Holder of said Security against the Company in respect of any amounts paid by the Guarantor pursuant to the provisions of this Guarantee; provided, however, that the
Guarantor shall not be entitled to enforce, or to receive any payments arising out of or based upon, such right of subrogation until the principal of and premium, if any, and interest then due on all Securities issued under the Indenture shall have
been paid in full. 
 The Security upon which this Guarantee is endorsed is guaranteed by the FDIC pursuant to the FDIC’s Debt
Guarantee Program as set forth in 12 C.F.R. Part 370 to the extent payments of principal and interest on this Security are not made by the Company or the Guarantor. The FDIC shall be subrogated to all of the rights of the Holders and the 

  

 A-12 

 
Representative under said Security and the Indenture against the Company and the Guarantor in respect of any amounts paid to the Holders, or for the benefit
of the Holders, by the FDIC pursuant to the Debt Guarantee Program as set forth in 12 C.F.R. Part 370. 
 This Guarantee shall not be valid
or become obligatory for any purpose until the certificate of authentication on the Security on which this Guarantee is endorsed shall have been signed by the Trustee under the Indenture referred to in said Security. 
 All terms used in this Guarantee which are defined in the Indenture, dated as of December 1, 1991, among the Company, the Guarantor and The Bank of
New York Mellon (formerly known as The Bank of New York, as successor in interest to JPMorgan Chase Bank, which was formerly known as The Chase Manhattan Bank), as Trustee (herein called the “Trustee,” which term includes any successor
trustee under the Indenture) as amended by a Supplemental Indenture dated as of February 15, 1993 by and among the Company, the Guarantor and the Trustee, as further amended by a Second Supplemental Indenture dated as of February 15, 2000
by and among the Company, the Guarantor and the Trustee, as further amended by a Third Supplemental Indenture dated as of December 19, 2008 by and among the Company, the Guarantor and the Trustee (as so amended, the “Indenture”) shall
have the meaning ascribed to such terms in the Indenture. 
 — end of page — 
 [signatures appear on following page] 
  

 A-13 

 IN WITNESS WHEREOF, THE PNC FINANCIAL SERVICES GROUP, INC. has caused this Guarantee to be duly executed
by manual or facsimile signature under its corporate seal or a facsimile thereof. 
 Dated: 
  

			
	THE PNC FINANCIAL SERVICES GROUP, INC.
		
	By	 	  

	Name:	 	Randall C. King
	Title:	 	Senior Vice President

  

			
	Attest:
	
	  

	Name:	 	George P. Long, III
	Title:	 	Corporate Secretary

 [SEAL] 
  

 A-14 

 ASSIGNMENT 
 This Assignment is made pursuant to the terms of Section 406 of the Third Supplemental Indenture, dated as of December 19, 2008, as amended from time to time, between The Bank of New York Mellon, as Trustee
(the “Representative”), acting on behalf of the holders of the Notes issued under the Indenture who have not opted out of representation by the Representative (the “Holders”) (with those Holders of Securities who
have opted out of representation by the Representative being the “Unrepresented Holders”), PNC Funding Corp. (the “Issuer”) and The PNC Financial Services Group, Inc. with respect to the debt obligations of the
Issuer that are guaranteed under the Debt Guarantee Program. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned thereto in the Indenture. 
 For value received, [the Representative, on behalf of the Holders] [OR] [the Unrepresented Holders] (the “Assignor”), hereby assigns to
the Federal Deposit Insurance Corporation (the “FDIC”), without recourse, all of the Assignor’s respective rights, title and interest in and to: (a) the 1.875% Senior Notes due 2011 (the “Notes”);
(b) the Indenture, dated as of December 1, 1991, as amended and supplemented by a First Supplemental Indenture, dated as of February 15, 1993, as amended and supplemented by a Second Supplemental Indenture, dated
February 15, 2000, as amended and supplemented by a Third Supplemental Indenture, dated as of December 19, 2008 (collectively, the “Indenture”); and (c) any other instrument or agreement executed by the Issuer
regarding obligations of the Issuer under the Notes or the Indenture (collectively, the “Assignment”). 
 The Assignor
hereby certifies that: 
 1. Without the FDIC’s prior written consent, the Assignor has not: 
 (a) agreed to any material amendment of the Notes or the Indenture or to any material deviation from the provisions thereof; or

 (b) accelerated the maturity of the Notes. 
 [Instructions to the Assignor: If the Assignor has not assigned or transferred any interest in the Note and related documentation, such Assignor must include the following representation.] 
 2. The Assignor has not assigned or otherwise transferred any interest in the Notes or the Indenture; 
 [Instructions to the Assignor: If the Assignor has assigned a partial interest in the Notes and related documentation, the Assignor must include the following
representation.] 
 2. The Assignor has assigned part of its rights, title and interest in the Notes
                                        
to pursuant to the
                                        
agreement, dated as of                     , 20    , between
                    , as assignor, and
                    , as assignee, an executed copy of which is attached hereto. 
  

 A-15 

 The Assignor acknowledges and agrees that this Assignment is subject to the Indenture and to the
following: 
 1. In the event the Assignor receives any payment under or related to the Notes or the Indenture from a party other than the
FDIC (a “Non-FDIC Payment”): 
 (a) after the date of demand for a guarantee payment on the FDIC pursuant to
12 CFR Part 370, but prior to the date of the FDIC’s first guarantee payment under the Indenture pursuant to 12 CFR Part 370, the Assignor shall promptly but in no event later than five (5) Business Days after receipt notify the
FDIC of the date and the amount of such Non-FDIC Payment and shall apply such payment as payment made by the Issuer, and not as a guarantee payment made by the FDIC, and therefore, the amount of such payment shall be excluded from this Assignment;
and 
 (b) after the FDIC’s first guarantee payment under the Indenture, the Assignor shall forward promptly to the
FDIC such Non-FDIC Payment in accordance with the payment instructions provided in writing by the FDIC. 
 2. Acceptance by the Assignor of
payment pursuant to the Debt Guarantee Program on behalf of the Holders shall constitute a release by such Holders of any liability of the FDIC under the Debt Guarantee Program with respect to such payment. 
 The Person who is executing this Assignment on behalf of the Assignor hereby represents and warrants to the FDIC that he/she/it is duly authorized to do
so. 
 ****** 
 IN WITNESS
WHEREOF, the Assignor has caused this instrument to be executed and delivered this      day of              ,
20    . 
  

			
	Very truly yours,
	
	[ASSIGNOR]
		
	By:	 	  

		 	(Signature)
		
	Name:	 	  

		 	(Print)
		
	Title:	 	  

		 	(Print)

  

 A-16 

 Consented to and acknowledged by this      day of
            , 20    : 
 THE FEDERAL DEPOSIT INSURANCE
CORPORATION 
  

			
	By:	 	  

		 	(Signature)
		
	Name:	 	  

		 	(Print)
		
	Title:	 	  

		 	(Print)

  

 A-17 

 EXHIBIT B 
 FORM OF 2.300% SENIOR NOTE DUE 2012 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES
IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH
NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO
CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THE INDENTURE, DATED AS OF DECEMBER 1, 1991, RELATING TO THIS SECURITY, HAS BEEN AMENDED BY A SUPPLEMENTAL INDENTURE, DATED AS OF FEBRUARY 15,
1993, A SECOND SUPPLEMENTAL INDENTURE, DATED AS OF FEBRUARY 15, 2000, AND A THIRD SUPPLEMENTAL INDENTURE DATED AS OF DECEMBER 19, 2008. 
 NEITHER THIS SECURITY NOR THE GUARANTEE INCLUDED HEREIN IS A BANK DEPOSIT OR INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR BY ANY OTHER INSURER OR GOVERNMENTAL AGENCY. THIS SECURITY IS GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, AND THE RIGHTS OF THE HOLDER OF THIS SECURITY ARE SUBJECT TO CERTAIN RIGHTS OF THE FDIC, AS AND TO THE EXTENT SET FORTH IN THIS SECURITY AND THE THIRD SUPPLEMENTAL INDENTURE DATED AS OF DECEMBER 19, 2008. 
  

 B-1 

 PNC FUNDING CORP 
 2.300% SENIOR NOTES DUE 2012 
 (the “Security”) 
  

					
	 REGISTERED
	  	CUSIP: 69351CAC7
	 No.
	  	ISIN: US69351CAC73
		  	$	  	

 PNC FUNDING CORP, a corporation duly organized and existing under the laws of Pennsylvania
(herein called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, the principal sum of
                     Dollars on June 22, 2012 and to pay interest thereon from and including December 22, 2008 or from the most
recent Interest Payment Date to which interest has been paid or duly provided for, semiannually in arrears on June 22 and December 22 of each year, commencing June 22, 2009 (each an “Interest Payment Date”) and at maturity,
at the rate of 2.300% per annum, until the principal hereof is paid or made available for payment, and (to the extent that the payment of such interest shall be legally enforceable) at the same rate per annum on any overdue principal and
premium and on any overdue installment of interest. Interest shall accrue from and including December 22, 2008, to, but excluding the first Interest Payment Date and then from, and including, the immediately preceding Interest Payment Date to
which interest has been paid or duly provided for, to, but excluding, the next Interest Payment Date or the maturity date, as the case may be. Each of these periods is referred to as an “interest period.” Interest will be computed on the
basis of a 360-day year consisting of twelve 30-day months. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date, subject to certain exceptions, will, as provided in such Indenture, be paid to the Person in
whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be June 7 or December 7 (whether or not a Business Day), as the case may be,
immediately preceding such Interest Payment Date. However, interest payable on the maturity date will be paid to the person to whom the principal will be payable. Any such interest not so punctually paid or duly provided for will forthwith cease to
be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of this Security not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner acceptable to the Trustee and not
inconsistent with the requirements of any securities exchange on which this Security may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 
 If an interest payment date or the maturity date for this Security falls on a day that is not a Business Day, the Company will postpone the interest
payment or the payment of principal and interest at maturity to the next succeeding Business Day, but the payments made on such dates will be treated as being made on the date that the payment was first due and the Holder will not be entitled to any
further interest or other payments with respect to such postponements. 
  

 B-2 

 “Business Day” means any day except a Saturday, a Sunday or a legal holiday in the City of New
York or the City of Pittsburgh on which banking institutions are authorized or obligated by law, regulation or executive order to close. 
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities” or “Notes”), issued and to be issued in one or more series under an Indenture, dated as of December 1,
1991, among the Company, PNC Financial Corp (also known as “PNC Bank Corp.” and now known as “The PNC Financial Services Group, Inc.”) (the “Guarantor”) and The Bank of New York Mellon (formerly known as The Bank of New
York) as successor in interest to JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank), as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture) as amended by a Supplemental
Indenture dated as of February 15, 1993 by and among the Company, the Guarantor and the Trustee, as further amended by a Second Supplemental Indenture dated as of February 15, 2000 by and among the Company, the Guarantor and the Trustee,
as further amended by a Third Supplemental Indenture dated as of December 19, 2008 by and among the Company, the Guarantor and the Trustee (the “Third Supplemental Indenture”) (such Indenture as amended being herein called the
“Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders
of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated above, initially issued in the aggregate principal amount of $2,000,000,000, which principal
amount may be increased from time to time through the issuance of additional Notes as the Company may determine or as provided for in the Indenture. 
 If the beneficial owner of this Security is not a United States Alien (as defined below), payments of principal and interest in respect of this Security shall be made free and clear of, and without withholding or
deduction for, any taxes, duties, assessments or government charges of whatever nature imposed, levied, collected, withheld or assessed by or within the United States (as defined below) or any authority therein or thereof having power to tax, unless
such withholding or deduction is required by law. 
 If the beneficial owner of this Security is a United States Alien and the Company is
required by law to make any such withholding or deduction, the Company will pay all additional amounts that may be necessary so that every Net Payment (as defined below) of the principal of or interest on this Security to such beneficial owner will
not be less than the amount provided for in this Security to be then due and payable (“Additional Amounts”); provided, however, that the Company shall have no obligation to pay Additional Amounts for or on account of any one
or more of the following: 
 (i) any tax, assessment or other governmental charge imposed solely because at any time there is or was a
connection between such beneficial owner (or between a fiduciary, settlor, beneficiary or member of such beneficial owner, if such beneficial owner is an estate, trust or partnership) and the United States (other than the mere receipt of a payment
on, or the ownership or holding of, a Security), including because such beneficial owner (or such fiduciary, 

  

 B-3 

 
settlor, beneficiary or member) at any time, for U.S. federal income tax purposes: (a) is or was a citizen or resident, or is or was treated as a
resident, of the United States, (b) is or was present in the United States, (c) is or was engaged in a trade or business in the United States, (d) has or had a permanent establishment in the United States, (e) is or was a
domestic or foreign personal holding company, a passive foreign investment company or a controlled foreign corporation, (f) is or was a corporation that accumulates earnings to avoid U.S. federal income tax or (g) is or was a
“10-percent shareholder” of the Company as defined in section 871(h)(3) of the U.S. Internal Revenue Code or any successor provision; 
 (ii) any tax, assessment or governmental charge imposed solely because of a change in applicable law or regulation, or in any official interpretation or application of applicable law or regulation, that becomes effective more than
15 days after the day on which the payment becomes due or is made available, whichever occurs later; 
 (iii) any estate, inheritance,
gift, sales, excise, transfer, wealth or personal property tax or any similar tax, assessment or other governmental charge; 
 (iv) any tax,
assessment or other governmental charge imposed solely because such beneficial owner or any other Person fails to comply with any certification, identification or other reporting requirement concerning the nationality, residence, identity or
connection with the United States of the Holder or any beneficial owner of this Security, if compliance is required by statute, by regulation of the U.S. Treasury Department or by an applicable income tax treaty to which the United States is a
party, as a precondition to exemption from such tax, assessment or other governmental charge; 
 (v) any tax, assessment or other
governmental charge that can be paid other than by deduction or withholding from a payment on this Security; 
 (vi) any tax, assessment or
other governmental charge imposed solely because the payment is to be made by a particular Paying Agent (which term may include the Company) and would not be imposed if made by another Paying Agent (which term may include the Company); 

(vii) by or on behalf of a Holder who would be able to avoid such withholding or deduction by presenting this Security to another Paying Agent in a
Member State of the European Union; 
 (viii) any tax, assessment or other governmental charge imposed solely because the Holder (1) is
a bank purchasing this Security in the ordinary course of its lending business or (2) is a bank that is neither (A) buying this Security for investment purposes only nor (B) buying this Security for resale to a third party that either
is not a bank or holding the note for investment purposes only; or 
 (ix) any combination of the taxes, assessments or other governmental
charges described in items (i) through (viii) of this paragraph. 
 Additional Amounts also will not be paid with respect to any
payment of principal of or interest on this Security to any United States Alien who is a fiduciary or a partnership, or who is not the sole beneficial owner of any such payment, to the extent that the Company would 

  

 B-4 

 
not be required to pay Additional Amounts to any beneficiary or settlor of such fiduciary or any member of such a partnership, or to any beneficial owner of
the payment, if that Person had been treated as the beneficial owner of this Security for this purpose. 
 Except as specifically provided
herein, the Company shall not be required to make any payment with respect to any tax, assessment or other governmental charge imposed by any government or any political subdivision or taxing authority thereof or therein. 
 Whenever in this Security (or in the Indenture, including in Sections 701(a)(1) and 701(a)(2) thereof, insofar as applicable to this Security)
there is a reference, in any context, to the payment of the principal of or interest on this Security, such mention shall be deemed to include mention of any payment of Additional Amounts to United States Aliens in respect of such payment of
principal or interest to the extent that, in such context, such Additional Amounts are, were or would be payable in respect thereof. Express mention of the payment of Additional Amounts in this Security shall not be construed as excluding Additional
Amounts in the provisions of this Security where such express mention is not made. 
 This Security may be redeemed, as a whole but not in
part, at the option of the Company, at a redemption price equal to 100% of the principal amount of the Security to be redeemed, together with interest accrued to the date fixed for redemption, if, as a result of any amendment to, or change in, the
laws or regulations of any U.S. Taxing Authority (as defined below), or any amendment to or change in any official interpretation or application of such laws or regulations, which amendment or change becomes effective or is announced on or after
December 22, 2008, the Company will become obligated to pay, on the next interest payment date, Additional Amounts in respect of this Security. If the Company becomes entitled to redeem this Security, it may do so on any day thereafter pursuant
to the Indenture; provided, however, that (1) the Company gives the Holder of this Security notice of such redemption not more than 60 days nor less than 30 days prior to the date fixed for redemption as provided in the Original
Indenture, (2) no such notice of redemption may be given earlier than 90 days prior to the next interest payment date on which the Company would be obligated to pay such Additional Amounts and (3) at the time such notice is given, such
obligation to pay such Additional Amounts remains in effect. Immediately prior to the giving of any notice of redemption of this Security pursuant to this paragraph, the Company will deliver to the Trustee an Officers’ Certificate stating that
the Company is entitled to effect such redemption and setting forth in reasonable detail a statement of facts showing that the conditions precedent to the right of the Company to so redeem this Security have occurred. Interest installments due on or
prior to a Redemption Date will be payable to the Holder of this Security or one or more Predecessor Securities, of record at the close of business on the relevant record date, all as provided in the Indenture. 
 The term “United States Alien” means any Person who, for U.S. federal income tax purposes, is a nonresident alien individual, a foreign
corporation, a foreign partnership one or more of the members of which is, for United States federal income tax purposes, a foreign corporation, a nonresident alien individual or a nonresident alien fiduciary of a foreign estate or trust, or a
nonresident alien fiduciary of an estate or trust that is not subject to U.S. federal income tax on a net income basis on income or gain from this Security. The term “United 

  

 B-5 

 
States” means the United States of America (including the states thereof and the District of Columbia), together with the territories, possessions and
all other areas subject to the jurisdiction of the United States of America. The term “U.S. Taxing Authority” means the United States of America or any state, other jurisdiction or taxing authority in the United States. The term “Net
Amount” means the amount the Company or its Paying Agent pays on this Security after deduction or withholding for or on account of any present or future tax, assessment or governmental charge imposed with respect to such payment by any U.S.
Taxing Authority. 
 There shall not be deemed to be an Event of Default under this Security which would permit or result in the
acceleration of amounts due under this Security, if such an Event of Default is due solely to the failure of the Company to make timely payment on this Security provided that the FDIC is making timely guarantee payments with respect to this Security
in accordance with the Debt Guarantee Program (as defined below). Subject to the foregoing, under no circumstances shall an Event of Default specified in Sections 7.01(a)(3) or 7.01(a)(4) of the Indenture result in any acceleration of the amounts
due under this Security. 
 If an Event of Default concerning: (1) default (a) by the Company in the payment of interest, if any,
upon any Security of this series when it becomes due and payable and continuance of such default for a period of 30 days and (b) by the FDIC in the payment of interest, if any, upon any Security of this series in accordance with the Temporary
Liquidity Guarantee Program (12 C.F.R. Part 370); or (2) default (a) by the Company in the payment of the principal of (or premium, if any, on) any Security of this series at its Maturity and (b) by the FDIC in the payment of the
principal of (or premium, if any, on) any Security of this series in accordance with the Temporary Liquidity Guarantee Program (12 C.F.R. Part 370) shall occur and is continuing, the principal of this Security may be declared due and payable in the
manner and with the effect provided in the Indenture. Upon payment (i) of the amount of principal so declared due and payable and (ii) of interest on any overdue principal and overdue interest (in each case to the extent that the payment
of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the principal of and interest, if any, on this Security shall terminate. 
 Unless the certificate of authentication hereon has been executed by the Trustee hereinafter referred to, by manual signature, this Security shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 The indebtedness of the Company evidenced by
this Security, including the principal thereof and interest thereon, is, to the extent and in the manner set forth in the Indenture, senior in right of payment to its obligations to Holders of Subordinated Debt Securities and Existing Company
Subordinated Indebtedness (each as defined in the Indenture) and shall rank pari passu in right of payment with each other and with Senior Company Indebtedness (as defined in the Indenture), as provided in the Indenture, and each
Holder of this Security, by the acceptance hereof, agrees to and shall be bound by such provisions of the Indenture. 
 The Indenture
permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the 

  

 B-6 

 
Guarantor and the rights of the Holders of the Securities of any series under the Indenture at any time by the Company, the Guarantor and the Trustee with
the consent of the Holders of a majority in principal amount of the outstanding Securities of all series (voting as one class) to be affected by such amendment or modification; provided, however, that the express written consent of the FDIC will be
required to amend, modify or waive any provision of this Security or the provisions of the Indenture relating to principal, interest, default or ranking provisions of such Securities; any provisions of this Security or the Indenture required to be
included by a “Master Agreement” between the Company and the FDIC relating to the Company’s participation in the “Debt Guarantee Program” component of the FDIC’s Temporary Liquidity Guarantee Program; or any other
provision that would require the consent of all Holders of the Securities. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Outstanding Securities of any series, on behalf of the
Holders of all Securities of such series, to waive compliance by the Company or the Guarantor with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of
this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such
consent or waiver is made upon this Security. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest (if any) on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 
 This Security is issuable only in registered form without coupons in denominations of $2,000 and any integral multiples of $1,000 thereof. This Security
is a global security, represented by one or more permanent global certificates registered in the name of the nominee of The Depository Trust Company (each a “Global Note” and collectively, the “Global Notes”). Accordingly, unless
and until it is exchanged in whole or in part for individual certificates evidencing the Securities represented hereby, this Security may not be transferred except as a whole by The Depositary Trust Company (the “Depositary”) to a nominee
of such Depositary or by a nominee of such Depositary or by the Depositary or any nominee to a successor Depositary or any nominee of such successor. Ownership of beneficial interests in this Security will be shown on, and the transfer of that
ownership will be effected only through, records maintained by the applicable Depositary or its nominee (with respect to interest of persons that have accounts with the Depositary (“Participants”) and the records of Participants (with
respect to interests of persons other than Participants)). Beneficial interests in Securities by persons that hold through Participants will be evidenced only by, and transfers of such beneficial interests with such Participants will be effected
only through, records maintained by such Participants. Except as provided below, owners of beneficial interests in this Security will not be entitled to have any individual certificates and will not be considered the owners or Holders thereof under
the Indenture. 
 Except in the limited circumstances set forth herein, Participants and owners of beneficial interests in the Global Notes
will not be entitled to receive Securities in definitive form and will not be considered Holders of Securities. If the Depositary is at any time unwilling, 

  

 B-7 

 
unable or ineligible to continue as Depositary and a successor Depositary is not appointed by the Company within 90 days, or an event of default has occurred
and is continuing, and the Depositary requests the issuance of certificated notes, the Company will issue individual certificates evidencing the Securities represented hereby in definitive form in exchange for this Security in registered form to
each person that the Depositary identifies as the beneficial owner of the Securities represented by the Global Notes upon surrender by the Depositary of the Global Notes. In addition, the Company may at any time and in its sole discretion determine
not to have any Securities represented by one or more global securities and, in such event, will issue individual certificates evidencing Securities in definitive form in exchange for this Security. In any such instance, an owner of a beneficial
interest in a Security will be entitled to physical delivery in certificated form of Securities equal in principal amount to such beneficial interest and to have such Securities registered in its name. This Security shall be issued in certificated
form, will be issued in denominations of $2,000 and any integral multiples of $1,000 thereof and will be issued in registered form only, without coupons. Neither the Company nor the principal paying agent will be liable for any delay by the
Depositary, its nominee or any direct or indirect participant in identifying the beneficial owners of the related Securities. The Company and the principal payment agent may conclusively rely on, and will be protected in relying on, instructions
from the Depositary or its nominee for all purposes, including with respect to the registration and delivery, and the respective principal amounts, of the Securities to be issued. 
 Except as provided herein, beneficial owners of Global Notes will not be entitled to receive physical delivery of Securities in definitive form and no
Global Note will be exchangeable except for another Global Note of like denomination and tenor to be registered in the name of the Depositary or its nominee. Accordingly, each person owning a beneficial interest in a Global Note must rely on the
procedures of the Depositary and, if such person is not a Participant, on the procedures of the Participant through which such person owns its interest, to exercise any rights of a Holder under the Securities. 
 Beneficial interests in the Global Notes will be represented through book-entry accounts of financial institutions acting on behalf of beneficial owners
as direct and indirect participants in the Depositary. Investors may elect to hold interests in the Global Notes through the Depositary, either directly if they are Participants of such system or indirectly through organizations that are
Participants in such system. 
 The laws of some jurisdictions may require that purchasers of securities take physical delivery of those
securities in definitive form. Accordingly, the ability to transfer interests in the Securities represented by a Global Note to those persons may be limited. In addition, because the Depositary can act only on behalf of its Participants, who in turn
act on behalf of persons who hold interests through Participants, the ability of a person having an interest in Securities represented by a Global Note to pledge or transfer such interest to persons or entities that do not participate in the
Depositary’s system, or otherwise to take actions in respect of such interest, may be affected by the lack of a physical definitive security in respect of such interest. 
 Neither the Company, the Trustee, the principal paying agent nor any Security Registrar will have any responsibility or liability for any aspect of the
records relating to or payments made on account of Securities by the Depositary, or for maintaining, supervising or reviewing any records of the Depositary relating to the Securities. 
  

 B-8 

 The Bank of New York Mellon will act as the Company’s principal paying agent with respect to the
Securities through its offices presently located at 101 Barclay Street—8W, New York, New York 10286. The Company may at any time rescind the designation of a paying agent, appoint a successor paying agent, or approve a change in the office
through which any paying agent acts. Payments of interest and principal may be made by wire-transfer in immediately available funds for Securities held in book-entry form or, at the Company’s option in the event the Securities are not
represented by Global Notes, by check mailed to the address of the person entitled to the payment as it appears in the Security register. Payment of principal will be made upon the surrender of the relevant Securities at the offices of the principal
paying agent. 
 Notices to the Holders of registered Securities will be mailed to them at their respective addresses in the register of the
Securities and will be deemed to have been given on the fourth weekday (being a day other than Saturday or Sunday) after the date of mailing. 
 The Indenture contains provisions setting forth certain conditions to the institution of proceedings by the Holders of Securities with respect to the Indenture or for any remedy under the Indenture. 
 All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
 The Trustee is hereby designated and the Holder of this Security, by its acceptance hereof, shall be deemed to have appointed the Trustee, as the duly
authorized representative of the Holder for purposes of making claims and taking other permitted or required actions under the Debt Guarantee Program (the “Representative”). The Holder hereby authorizes and directs the Representative, at
such time as the FDIC shall commence making any guarantee payments to the Representative for the benefit of such Holder pursuant to the Debt Guarantee Program (as defined below), to make an assignment of such Holder’s right, title and interest
in this Security to the FDIC and to effect the transfer to the FDIC of the Holder’s claim in any insolvency proceeding, including but not limited to, by executing an assignment in the form attached to the Third Supplemental Indenture. Any
Holder may elect not to be represented by the Representative by providing written notice of such election to the Representative. 
 The
Company, the Guarantor and the Trustee acknowledge that the Company has not opted out of the debt guarantee program (the “Debt Guarantee Program”) established by the Federal Deposit Insurance Corporation (“FDIC”) under its
Temporary Liquidity Guarantee Program. As a result, this debt is guaranteed under the FDIC Temporary Liquidity Guarantee Program and is backed by the full faith and credit of the United States. The details of the FDIC guarantee are provided in
the FDIC’s regulations, 12 CFR Part 370, and at the FDIC’s website, www.fdic.gov/tlgp. The expiration date of the FDIC’s guarantee is the earlier of the maturity date of this debt or June 30, 2012. 
 — end of page — 
 [Signatures appear on the following page] 
  

 B-9 

 IN WITNESS WHEREOF, PNC Funding Corp has caused this Security to be signed in its name by its Chairman
of the Board, President or any Executive or Senior Vice President, and by its Secretary or an Assistant Secretary, or by facsimiles of any of their signatures, and its corporate seal, or a facsimile thereof, to be hereto affixed. 
 Dated: 
  

			
	PNC FUNDING CORP
		
	By	 	  

	Name:	 	Randall C. King
	Title:	 	Senior Vice President

  

			
	Attest:
	
	  

	Name:	 	George P. Long, III
	Title:	 	Secretary

 [SEAL] 
  

 B-10 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	THE BANK OF NEW YORK MELLON
		 	as Trustee
		
	By	 	  

		 	Authorized officer

  

 B-11 

 GUARANTEE OF 
 THE PNC FINANCIAL SERVICES GROUP, INC. 
 FOR VALUE RECEIVED, THE PNC FINANCIAL SERVICES GROUP, INC.
(formerly known as PNC Financial Corp and PNC Bank Corp.), a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania (herein called the “Guarantor”), hereby unconditionally guarantees to the Holder of the
Security upon which this Guarantee is endorsed the due and punctual payment of the principal and interest on said Security, when and as the same shall become due and payable, whether by declaration thereof or otherwise, according to the terms
thereof and of the Indenture referred to therein. In case of default by PNC Funding Corp (herein called the “Company”) in the payment of any such principal or interest, the Guarantor agrees duly and punctually to pay the same. 

The Guarantor hereby agrees that its obligations hereunder shall be absolute and unconditional, irrespective of, and shall be unaffected by, any
invalidity, irregularity, or unenforceability of said Security or the Indenture, any failure to enforce the provisions of said Security or the Indenture, or any waiver, modification, or indulgence granted to the Company with respect thereto, by the
Holder of said Security or the Trustee under the Indenture or any other circumstances which may otherwise constitute a legal or equitable discharge of a surety or guarantor. The Guarantor hereby waives diligence, presentment, demand of payment,
filing of claims with a court in the event of a merger or bankruptcy of the Company, any right to require a proceeding first against the Company, protest or notice with respect to said Security or the indebtedness evidenced thereby, and all demands
whatsoever, and covenants that this Guarantee will not be discharged except by payment in full of the principal of and premium, if any, and interest on said Security. 
 The obligations of the Guarantor evidenced by this Guarantee, to the extent and in the manner set forth in the Indenture, shall rank pari passu in right of payment with each other and with the
Guarantor’s unsecured obligations to Holders of Senior Guarantor Indebtedness (as defined in the Indenture) and are senior in right of payment to the Existing Guarantor Subordinated Indebtedness (as defined in the Indenture), and each Holder of
a Security upon which this Guarantee is endorsed, by the acceptance hereof, agrees to and shall be bound by such provisions of the Indenture. 
 The Guarantor shall be subrogated to all rights of the Holder of said Security against the Company in respect of any amounts paid by the Guarantor pursuant to the provisions of this Guarantee; provided, however, that the
Guarantor shall not be entitled to enforce, or to receive any payments arising out of or based upon, such right of subrogation until the principal of and premium, if any, and interest then due on all Securities issued under the Indenture shall have
been paid in full. 
 The Security upon which this Guarantee is endorsed is guaranteed by the FDIC pursuant to the FDIC’s Debt
Guarantee Program as set forth in 12 C.F.R. Part 370 to the extent payments of principal and interest on this Security are not made by the Company or the Guarantor. The FDIC shall be subrogated to all of the rights of the Holders and the 

  

 B-12 

 
Representative under said Security and the Indenture against the Company and the Guarantor in respect of any amounts paid to the Holders, or for the benefit
of the Holders, by the FDIC pursuant to the Debt Guarantee Program as set forth in 12 C.F.R. Part 370. 
 This Guarantee shall not be valid
or become obligatory for any purpose until the certificate of authentication on the Security on which this Guarantee is endorsed shall have been signed by the Trustee under the Indenture referred to in said Security. 
 All terms used in this Guarantee which are defined in the Indenture, dated as of December 1, 1991, among the Company, the Guarantor and The Bank of
New York Mellon (formerly known as The Bank of New York, as successor in interest to JPMorgan Chase Bank, which was formerly known as The Chase Manhattan Bank), as Trustee (herein called the “Trustee,” which term includes any successor
trustee under the Indenture) as amended by a Supplemental Indenture dated as of February 15, 1993 by and among the Company, the Guarantor and the Trustee, as further amended by a Second Supplemental Indenture dated as of February 15, 2000
by and among the Company, the Guarantor and the Trustee, as further amended by a Third Supplemental Indenture dated as of December 19, 2008 by and among the Company, the Guarantor and the Trustee (as so amended, the “Indenture”) shall
have the meaning ascribed to such terms in the Indenture. 
 — end of page — 
 [signatures appear on following page] 
  

 B-13 

 IN WITNESS WHEREOF, THE PNC FINANCIAL SERVICES GROUP, INC. has caused this Guarantee to be duly executed
by manual or facsimile signature under its corporate seal or a facsimile thereof. 
 Dated: 
  

			
	THE PNC FINANCIAL SERVICES GROUP, INC.
		
	By	 	  

	Name:	 	Randall C. King
	Title:	 	Senior Vice President

  

			
	Attest:
	
	  

	Name:	 	George P. Long, III
	Title:	 	Corporate Secretary

 [SEAL] 
  

 B-14 

 ASSIGNMENT 
 This Assignment is made pursuant to the terms of Section 406 of the Third Supplemental Indenture, dated as of December 19, 2008, as amended from time to time, between The Bank of New York Mellon, as Trustee
(the “Representative”), acting on behalf of the holders of the Notes issued under the Indenture who have not opted out of representation by the Representative (the “Holders”) (with those Holders of Securities who
have opted out of representation by the Representative being the “Unrepresented Holders”), PNC Funding Corp. (the “Issuer”) and The PNC Financial Services Group, Inc. with respect to the debt obligations of the
Issuer that are guaranteed under the Debt Guarantee Program. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned thereto in the Indenture. 
 For value received, [the Representative, on behalf of the Holders] [OR] [the Unrepresented Holders] (the “Assignor”), hereby assigns to
the Federal Deposit Insurance Corporation (the “FDIC”), without recourse, all of the Assignor’s respective rights, title and interest in and to: (a) the 2.300% Senior Notes due 2012 (the “Notes”);
(b) the Indenture, dated as of December 1, 1991, as amended and supplemented by a First Supplemental Indenture, dated as of February 15, 1993, as amended and supplemented by a Second Supplemental Indenture, dated
February 15, 2000, as amended and supplemented by a Third Supplemental Indenture, dated as of December 19, 2008 (collectively, the “Indenture”); and (c) any other instrument or agreement executed by the Issuer
regarding obligations of the Issuer under the Notes or the Indenture (collectively, the “Assignment”). 
 The Assignor
hereby certifies that: 
 1. Without the FDIC’s prior written consent, the Assignor has not: 
 (a) agreed to any material amendment of the Notes or the Indenture or to any material deviation from the provisions thereof; or

 (b) accelerated the maturity of the Notes. 
 [Instructions to the Assignor: If the Assignor has not assigned or transferred any interest in the Note and related documentation, such Assignor must include the following representation.] 
 2. The Assignor has not assigned or otherwise transferred any interest in the Notes or the Indenture; 
 [Instructions to the Assignor: If the Assignor has assigned a partial interest in the Notes and related documentation, the Assignor must include the following
representation.] 
 2. The Assignor has assigned part of its rights, title and interest in the Notes to
                     pursuant to the
                     agreement, dated as of
                , 20    , between             , as assignor,
and                     , as assignee, an executed copy of which is attached hereto. 
  

 B-15 

 The Assignor acknowledges and agrees that this Assignment is subject to the Indenture and to the
following: 
 1. In the event the Assignor receives any payment under or related to the Notes or the Indenture from a party other than the
FDIC (a “Non-FDIC Payment”): 
 (a) after the date of demand for a guarantee payment on the FDIC pursuant to
12 CFR Part 370, but prior to the date of the FDIC’s first guarantee payment under the Indenture pursuant to 12 CFR Part 370, the Assignor shall promptly but in no event later than five (5) Business Days after receipt notify the
FDIC of the date and the amount of such Non-FDIC Payment and shall apply such payment as payment made by the Issuer, and not as a guarantee payment made by the FDIC, and therefore, the amount of such payment shall be excluded from this Assignment;
and 
 (b) after the FDIC’s first guarantee payment under the Indenture, the Assignor shall forward promptly to the
FDIC such Non-FDIC Payment in accordance with the payment instructions provided in writing by the FDIC. 
 2. Acceptance by the Assignor of
payment pursuant to the Debt Guarantee Program on behalf of the Holders shall constitute a release by such Holders of any liability of the FDIC under the Debt Guarantee Program with respect to such payment. 
 The Person who is executing this Assignment on behalf of the Assignor hereby represents and warrants to the FDIC that he/she/it is duly authorized to do
so. 
 ****** 
 IN WITNESS
WHEREOF, the Assignor has caused this instrument to be executed and delivered this      day of             , 20     .

  

			
	Very truly yours,
	
	[ASSIGNOR]
		
	By:	 	  

		 	(Signature)
		
	Name:	 	  

		 	(Print)
		
	Title:	 	  

		 	(Print)

  

 B-16 

 Consented to and acknowledged by this      day of
            , 20    : 
 THE FEDERAL DEPOSIT INSURANCE
CORPORATION 
  

			
	By:	 	  

		 	(Signature)
		
	Name:	 	  

		 	(Print)
		
	Title:	 	  

		 	(Print)

  

 B-17

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