Document:

Form of Remarketing Agreement

 EXHIBIT 4.12 
  
 PPL CORPORATION 
 PPL CAPITAL FUNDING,
[INC.] or [TRUST II] 
  
 [PPL Capital Funding Trust II
            % Preferred Securities Due             ] 
 [PPL Capital Funding, Inc.             % Deferrable Notes Due
            ] 
  
 [Guaranteed as to payment of principal, 
 premium, if any, and interest by 
 PPL Corporation] 
  
 REMARKETING AGREEMENT 
  
 [Date] 
  
 [Remarketing Agent] 
 _________________ 
 _________________ 
  
 Ladies and Gentlemen: 
  
                                       
                       (the “Remarketing Agent”) is undertaking to remarket the
[            % Deferrable Notes due
                         (the “Securities”), issued by PPL Capital Funding, Inc., a Delaware corporation
(“Capital Funding”), and unconditionally guaranteed as to payment of principal, premium, if any, and interest by PPL Corporation, a Pennsylvania corporation (the “Company”), pursuant to the Indenture, dated as of
                    , among Capital Funding, the Company and
                    , as trustee (the “Indenture Trustee”) as amended and supplemented by the First Supplemental Indenture to the
Indenture, dated                     , relating to the Notes (as amended or supplemented, the “Indenture”).]
[            % Preferred Securities due                      (the
“Securities”), issued by PPL Capital Funding Trust II (the “Trust”), pursuant to an Amended and Restated Trust Agreement (the “Trust Agreement”), dated as of
                    , by and among
                    , [Describe Notes for Preferred Securities]] 
  
 The Remarketing (as defined below) of the Securities is provided for in [an Officer’s Certificate relating to and
establishing certain terms of the Notes (the “Officer’s Certificate”).] [the Trust Agreement, the Pledge Agreement and the Purchase Contract Agreement (as defined below).] 
  
 [If a liquidation and dissolution of the Trust shall have occurred prior to the Purchase Contract Settlement Date and the
Notes have been distributed to the holders of the Preferred Securities all references herein to “Preferred Securities” shall instead be references to “Notes” 

  

 
and references to “Remarketed Preferred Securities” shall mean “Remarketed Notes”, unless the context otherwise requires.] 
  
 Section 1. Definitions. 
  
 (a) Capitalized terms used and not defined in this Agreement shall have the
meanings set forth in the Purchase Contract Agreement, dated as of                      (the “Purchase Contract Agreement”), between
the Company and JPMorgan Chase Bank, a New York banking corporation, as Purchase Contract Agent and Trustee (the “Purchase Contract Agent”), or in the Officer’s Certificate, as the case may be. 
  
 (b) As used in this Agreement, the following terms have the following
meanings: 
  
 “Remarketed Securities” means the
Securities subject to the Remarketing, as identified to the Remarketing Agent by the Purchase Contract Agent after 11:00 a.m. on the fifth Business Day immediately preceding the Purchase Contract Settlement Date; 
  
 “Remarketing” means the remarketing of the Remarketed Securities
pursuant to the Remarketing Procedures; and 
  
 “Remarketing
Procedures” means the procedures in connection with the Remarketing of the Securities described in [the Officer’s Certificate;] [Trust Agreement, other Preferred Security Documents] 
  
 “Subsidiary” has the meaning set forth in Rule 405 under the
Securities Act. 
  
 Section 2. Appointment and Obligations of the
Remarketing Agent. 
  
 (a) The Company and [Capital
Funding] [the Trust] hereby appoint                      as exclusive remarketing agent (the “Remarketing Agent”), and
                     hereby (1) accepts appointment as Remarketing Agent, for the purpose of (A) Remarketing Remarketed Securities on behalf
of the holders thereof and (B) performing such other duties as are assigned to the Remarketing Agent in the Remarketing Procedures, all in accordance with and pursuant to the Remarketing Procedures, and (2) accepts and will perform all obligations
of the Remarketing Agreement set forth in the [Trust Agreement,] [Officers’ Certificate,] the Pledge Agreement and the Purchase Contract Agreement. 
  
 (b) The Remarketing Agent agrees to (1) use reasonable efforts to remarket the Remarketed Securities tendered or deemed tendered to the Remarketing Agent
in the Remarketing, (2) notify the Company promptly of the Reset Rate and (3) carry out such other duties as are assigned to the Remarketing Agent in the Remarketing Procedures, all in accordance with the provisions of the Remarketing Procedures.

  
 (c) On the third Business Day immediately preceding the
Purchase Contract Settlement Date (the “Remarketing Date”), the Remarketing Agent shall use reasonable efforts to remarket, at a price at least equal to [100.25%] of the Stated Amount, the Remarketed Securities tendered or deemed tendered
for purchase. 
  

 2 

 (d) If, as a result of the efforts described in Section 2(b), the Remarketing Agent determines that it
will be able to remarket all Remarketed Securities tendered or deemed tendered for purchase at a price at least equal to [100.25%] of the Stated Amount prior to 4:00 p.m. (New York City time) on the Remarketing Date, the Remarketing Agent shall set
the Reset Rate at a rate per annum (rounded to the nearest one-thousandth of one percent per annum) that the Remarketing Agent determines to be the lowest rate per annum that will enable it to remarket all of the Remarketed Securities tendered or
deemed tendered for purchase at a price equal to [100.25%] of the Stated Amount. 
  
 (e) upon receipt of the proceeds from the Remarketing, the Remarketing Agent shall: 
  
 (1) retain [25 basis points (.25%)] of the Stated Amount for the performance of its services as Remarketing Agent hereunder; and

  
 (2) remit to the Collateral Agent all excess
proceeds of the Remarketed Securities subject to the Pledge Agreement. 
  
 (f) If none of the holders of Remarketed Notes elects to have Remarketed Securities remarketed in the Remarketing, the Remarketing Agent shall determine the rate that would have been established had a Remarketing been held on the
Remarketing Date, and such rate shall be the Reset Rate. 
  
 (g)
If, by 4:00 p.m. (New York City time) on the Remarketing Date, the Remarketing Agent is unable to remarket all Remarketed Securities tendered or deemed tendered for purchase, a failed Remarketing (“Failed Remarketing”) shall be deemed to
have occurred, and the Remarketing Agent shall so advise by telephone DTC, the Indenture Trustee and the Company. In the event of a Failed Remarketing, the Reset Rate shall equal the Two-Year Benchmark Treasury rate plus the Applicable Margin.

  
 (h) Provided that there has not been a Failed Remarketing, by
approximately 4:30 p.m. (New York City time) on the Remarketing Date, the Remarketing Agent shall advise, by telephone: 
  
 (1) DTC, the [, Property Trustee, the] Indenture Trustee and the Company of the Reset Rate determined in the Remarketing and the number of
Remarketed Securities sold in the Remarketing; 
  
 (2) each purchaser (or the Depositary Participant thereof) of Remarketed Securities of the Reset Rate and the number of Remarketed Securities such purchaser is to purchase; and 
  
 (3) each purchaser to give instructions to the Depositary Participant to pay the purchase price on the
Purchase Contract Settlement Date in same day funds against delivery of the Remarketed Securities purchased through the facilities of DTC. 
  

 3 

 Section 3. Representations and Warranties of the Company and [Capital Funding] [the Trust]. 
  
 The Company represents and warrants (i) on and as of the date hereof, (ii)
on and as of the date the Prospectus Supplement or other Remarketing Materials (each as defined in Section 3(a) below) are first distributed in connection with the Remarketing (the “Commencement Date”), (iii) on and as of the Remarketing
Date, and (iv) on and as of the Purchase Contract Settlement Date that: 
  
 (a) The conditions for use of Form S-3, as set forth in the General Instructions thereto, have been satisfied. 
  
 (b) A registration statement on Form S-3 (File No.
                    ) and an amendment or amendments thereto with respect to the initial offering of the Notes has (i) been prepared by the
Company in conformity with the requirements of the Securities Act of 1933, as amended (the “Securities Act”), and the rules and regulations (the “Rules and Regulations”) of the Securities and Exchange Commission (the
“Commission”) thereunder; (ii) been filed with the Commission under the Securities Act, and (iii) become effective under the Securities Act; a registration statement on Form S-3, if required to be filed in connection with the Remarketing
also may be prepared by the Company in conformity with the requirements of the Securities Act and the Rules and Regulations and filed with the Commission under the Securities Act; and the Indenture has been qualified under the Trust Indenture Act of
1939, as amended (the “Trust Indenture Act”). Copies of such registration statement or registration statements that have become effective and the amendment or amendments to such registration statements have been delivered by the Company to
you. 
  
 As used in this Agreement, “Effective Time”
means the date and time as of which the last of such registration statements that have become effective or may be filed, or the most recent post-effective amendment thereto, if any, was declared effective by the Commission; 
  
 “Effective Date” means the date of the Effective Time of such last
registration statement; 
  
 “Preliminary Prospectus”
means each prospectus included in such last registration statement, or amendment thereto, before it became effective under the Securities Act and any prospectus filed by the Company with your consent pursuant to Rule 424(a) of the Rules and
Regulations; 
  
 “Registration Statement” means such
last registration statement, as amended at its Effective Time, including documents incorporated by reference therein at such time and, if applicable, all information contained in the final prospectus filed with the Commission pursuant to Rule 424(b)
of the Rules and Regulations, including any information deemed to be part of such Registration Statement as of the Effective Time pursuant to paragraph (b) of Rule 430A of the Rules and Regulations; and 
  
 “Prospectus” means such final prospectus, as first filed pursuant
to Rule 424(b) of the Rules and Regulations. 
  
 Reference made
herein to any Preliminary Prospectus, the Prospectus or any other information furnished by the Company to the Remarketing Agent for distribution to investors in connection with the Remarketing (the “Remarketing Materials”) shall be deemed
to refer to and include any documents incorporated by reference therein pursuant to Item 12 of Form S-3 under 

  

 4 

 
the Securities Act as of the date of such Preliminary Prospectus or the Prospectus, as the case may be, or, in the case of Remarketing Materials, referred to
as incorporated by reference therein, and any reference to any amendment or supplement to any Preliminary Prospectus, the Prospectus or the Remarketing Materials shall be deemed to refer to and include any document filed under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), after the date of such Preliminary Prospectus or the Prospectus incorporated by reference therein pursuant to Item 12 of Form S-3 or, if so incorporated, the Remarketing Materials, as
the case may be; and any reference to any amendment to the Registration Statement shall be deemed to include any annual report of the Company filed with the Commission pursuant to Section 13(a) or 15(d) of the Exchange Act after the Effective Time
that is incorporated by reference in the Registration Statement. 
  
 (c) The Commission has not issued an order preventing or suspending the use of the Registration Statement, any Preliminary Prospectus, the Prospectus or the Remarketing Materials. 
  
 (d) The Registration Statement, as of the Effective Date, conformed (and the
Prospectus and any further amendments or supplements to the Registration Statement or the Prospectus, when they become effective or are filed with the Commission, as the case may be, will conform) in all respects to the requirements of the
Securities Act and the Rules and Regulations, and the Registration Statement, the Prospectus and the Remarketing Materials do not and will not, as of the Effective Date (as to the Registration Statement and any amendment thereto), as of the
applicable filing date (as to the Prospectus and any amendment or supplement thereto) and as of the Commencement Date, Remarketing Date and Purchase Contract Settlement Date (as to any Remarketing Materials) contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; provided that no representation and warranty is made as to the statement of eligibility and qualification on
Form T-1 of the Indenture Trustee under the Trust Indenture Act, or as to information contained in or omitted from the Registration Statement, the Prospectus or the Remarketing Materials in reliance upon and in conformity with written information
furnished to the Company by the Remarketing Agent specifically for inclusion therein. The Indenture conforms in all material respects to the requirements of the Trust Indenture Act and the applicable rules and regulations thereunder. 
  
 (e) The documents incorporated by reference in the Prospectus, when they
became effective or were filed with the Commission, as the case may be, conformed in all material respects to the requirements of the Securities Act or the Exchange Act, as applicable, and the rules and regulations of the Commission thereunder, and
none of such documents contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading; and any further documents so filed and
incorporated by reference in the Prospectus, when such documents become effective or are filed with Commission, as the case may be, will conform in all material respects to the requirements of the Securities Act or the Exchange Act, as applicable,
and the rules and regulations of the Commission thereunder and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading.

  

 5 

 (f) Subsequent to the date of the latest consolidated financial statements included or incorporated by
reference in the Prospectus or in any Remarketing Materials, there has not been any material adverse change in the financial position or results of operations of the Company and its subsidiaries taken as a whole, except in each case as set forth in
or contemplated by the Prospectus or any Remarketing Materials. 
  
 (g) The certificate delivered pursuant to paragraph (e) of Section 6 hereof in connection with the issuance and sale of the Remarketed Notes was on the dates on which it was delivered, or will be on the dates on which it is to be delivered,
in all material respects true and complete. 
  
 [Capital Funding
or Trust Representations, as Applicable] 
  
 Section 4. Fees.

  
 For the performance of its services as Remarketing Agent
hereunder, the Remarketing Agent shall retain from the proceeds of the Remarketing an amount equal to [25 basis points (.25%)] of the [$25] Stated Amount of the Remarketed Securities. 
  
 Section 5. Covenants of the Company and [Capital Funding] [the Trust]. 
  
 Each of the Company and [Capital Funding] [the Trust] covenant and agree as
follows: 
  
 (a) (1) To prepare any registration statement or
prospectus, if required, in connection with the Remarketing, in a form approved by the Remarketing Agent and to file any such prospectus pursuant to the Securities Act within the period required by the Rules and Regulations; 
  
 (2) to advise the Remarketing Agent, promptly after it
receives notice thereof, of the time when any amendment to the Registration Statement has been filed or becomes effective or any supplement to the Prospectus or any amended Prospectus has been filed and to furnish the Remarketing Agent with copies
thereof; 
  
 (3) to file promptly all reports and
any definitive proxy or information statements required to be filed by it with the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of the Prospectus and for so long as the delivery of a prospectus
is required in connection with the offering or sale of the Remarketed Securities; 
  
 (4) to advise the Remarketing Agent, promptly after it receives notice thereof, of the issuance by the Commission of any stop order or of
any order preventing or suspending the use of the Prospectus, of the suspension of the qualification of any of the Remarketed Securities for offering or sale in any jurisdiction, of the initiation or threatening of any proceeding for any such
purpose, or of any request by the Commission for the amending or supplementing of the Registration Statement or the Prospectus or for additional information, and, in the event of the issuance of any stop order or of any order preventing or
suspending the use of any Prospectus or suspending any such qualification, to use promptly its best efforts to obtain its withdrawal. 
  

 6 

 (b) To furnish promptly to the Remarketing Agent and to counsel to the Remarketing Agent a signed copy
(or true conformed copy) of the Registration Statement as originally filed with the Commission, and each amendment thereto filed with the Commission, including all consents and exhibits filed therewith. 
  
 (c) To furnish the Remarketing Agent in New York City such number of the
following documents as the Remarketing Agent shall request (i) conformed copies of the Registration Statement as originally filed with the Commission and each amendment thereto (in each case excluding exhibits other than this Agreement and the
Indenture); (ii) the Prospectus and any amended or supplemented Prospectus; (ii) any document incorporated by reference in the Prospectus (excluding exhibits thereto); and (iv) any Remarketing Materials; and, if the delivery of a prospectus is
required at any time in connection with the Remarketing and if at such time any event shall have occurred as a result of which the Prospectus as then amended or supplemented would include any untrue statement of a material fact or omit to state any
material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made when such Prospectus is delivered, not misleading, or if for any other reason it shall be necessary during such same period
to amend or supplement the Prospectus or to file under the Exchange Act any document incorporated by reference in the Prospectus in order to comply with the Securities Act or the Exchange Act, to notify the Remarketing Agent and, upon its request,
to file such document and to prepare and furnish without charge to the Remarketing Agent and to any dealer in securities as many copies as the Remarketing Agent may from time to time reasonably request of an amended or supplemented Prospectus which
will correct such statement or omission or effect such compliance; provided that the expense of preparing and filing any such amendment or supplement (i) which is necessary in connection with such a delivery of a prospectus more than nine months
after the Remarketing Date or (ii) which relates solely to the activities of the Remarketing Agent shall be borne by the Remarketing Agent. 
  
 (d) To file promptly with the Commission any amendment to the Registration Statement or the Prospectus or any supplement to the Prospectus that is
required by the Securities Act or requested by the Commission. 
  
 (e) Prior to filing with the Commission (i) any amendment to the Registration Statement or supplement to the Prospectus or any document incorporated by reference in the Prospectus or (ii) any Prospectus pursuant to Rule 424 of the Rules and
Regulations, to furnish a copy thereof to the Remarketing Agent and counsel to the Remarketing Agent; and not to file any such amendment or supplement which shall be reasonably objected to in writing by the Remarketing Agent promptly after
reasonable notice. 
  
 (f) As soon as practicable, but in any
event not later than 15 months, after the Effective Date of the Registration Statement, to make “generally available to its security holders” an “earnings statement” (which need not be audited) covering a period of at least
twelve months beginning after the Effective Date which will satisfy the provisions of Section 11(a) of the Securities Act and the Rules and Regulations (including, at the option of the Company, Rule 158). The terms “generally available to its
security holders” and “earnings statement” shall have the meanings set forth in Rule 158 of the Rules and Regulations. 
  

 7 

 (g) To take such action as the Remarketing Agent may reasonably request in order to qualify the
Remarketed Securities for offer and sale under the securities or “blue sky” laws of such jurisdictions as the Remarketing Agent may reasonably request; provided that the Company shall not be required to qualify as a foreign corporation in
any State, to consent to service of process in any State other than with respect to claims arising out of the offering or sale of the Remarketed Securities, or to meet any other requirement in connection with this paragraph (g) deemed by the Company
to be unduly burdensome. 
  
 (h) To pay (1) the costs incident to
the preparation and printing of the Registration Statement, Prospectus and any Remarketing Materials and any amendments or supplements thereto; (2) the costs of distributing the Registration Statement, Prospectus and any Remarketing Materials and
any amendments or supplements thereto; (3) the fees and expenses of qualifying the Remarketed Securities under the securities laws of the several jurisdictions as provided in Section 5(g) and of preparing, printing and distributing a Blue Sky
Memorandum (including related fees and expenses of counsel to the Remarketing Agent); (4) all other costs and expenses incident to the performance of the obligations of the Company, hereunder; and (5) the reasonable fees and expenses of counsel to
the Remarketing Agent in connection with their duties hereunder. 
  
 Section 6.
Conditions to the Remarketing Agent’s Obligations. 
  
 The obligations of the Remarketing Agent hereunder are subject to the following conditions: 
  
 (a) The Prospectus shall have been timely filed with the Commission; no stop order suspending the effectiveness of the Registration Statement or any part
thereof or suspending the qualification of the Indenture shall have been issued and no proceeding for that purpose shall have been initiated or threatened by the Commission; and any request of the Commission for inclusion of additional information
in the Registration Statement or the Prospectus or otherwise shall have been complied with. 
  
 (b) Since the respective dates as of which information is given in the Registration Statement and the Prospectus, (i) there shall not have been any material adverse change in the financial position or results of
operations of the Company and its subsidiaries taken as a whole, that, in the judgment of the Remarketing Agent, materially impairs the investment quality of the Notes, in each case other than as set forth in or contemplated by the Registration
Statement or Prospectus. 
  
 (c) The representations and
warranties of the Company and [Capital Funding] [the Trust] contained herein shall be true and correct in all material respects on and as of the Remarketing Date, and the Company shall have performed in all material respects all covenants and
agreements herein contained to be performed on its part at or prior to the Remarketing Date. 
  

 8 

 (d) The Company shall have furnished to the Remarketing Agent a certificate, dated the Remarketing Date,
of [the President or a Vice President and a financial or accounting officer of the Company] stating that to the best of their knowledge after reasonable investigation: 
  
 (i) no order suspending the effectiveness of the Registration Statement or prohibiting the sale of the
Remarketed Notes is in effect, and no proceedings for such purpose are pending before or, to the knowledge of such officers, threatened by the Commission; 
  
 (ii) the representations and warranties of the Company in Section 3 are true and correct in all material respects on and as of the
Remarketing Date and the Company has performed in all material respects all covenants and agreements contained herein to be performed on its part at or prior to the Remarketing Date; 
  
 (iii) the Registration Statement, as of its Effective Date, and the Prospectus and the Remarketing
Materials, as of their respective dates, did not contain any untrue statement of a material fact and did not omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading. 
  
 (e) On the Remarketing Date, the Remarketing Agent shall have received a
letter addressed to the Remarketing Agent and dated such date, in form and substance satisfactory to the Remarketing Agent, of PricewaterhouseCoopers LLP, or such other firm of nationally recognized independent public accountants satisfactory to the
Remarketing Agent, containing statements and information of the type ordinarily included in accountants’ “comfort letters” with respect to certain financial information contained in the Prospectus and in the Remarketing Materials.

  
 (f) Counsel to the Company shall have furnished to the
Remarketing Agent its opinion letter or opinion letters, as the case may be, addressed to the Remarketing Agent and dated the Remarketing Date, in form and substance satisfactory to the Remarketing Agent as set forth as Exhibit A hereto. 

 
 [(g) On or after the execution and delivery of this Agreement, no
downgrading shall have occurred in the rating accorded the Company’s debt securities by any “nationally recognized statistical rating organization”, as that term is defined by the Commission for purposes of Rule 436(g)(2) under the
Securities Act.] 
  
 Section 7. Indemnification and Contribution.

  
 (a) The Company and [Capital Funding] [the Trust] agree
that they will jointly and severally indemnify and hold harmless the Remarketing Agent and each person, if any, who controls the Remarketing Agent within the meaning of Section 15 of the Securities Act, against any and all loss, expense, claim,
damage or liability to which, jointly or severally, the Remarketing Agent or such controlling person may become subject, under the Securities Act or otherwise, insofar as such loss, expense, claim, damage or liability (or actions in respect thereof)
arises out of or is based upon any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement, the Prospectus, the Remarketing Materials or any amendment or supplement to any thereof, or arises out of
or is based upon the omission or alleged omission to state therein any material fact required to be stated therein or necessary to make the statements therein not misleading; and, except as hereinafter in this Section provided, the Company and
[Capital Funding] [the Trust] agree to reimburse the Remarketing Agent and each person who controls the Remarketing Agent as aforesaid for any reasonable legal or other 

  

 9 

 
expenses incurred by the Remarketing Agent or such controlling person in connection with investigating or defending any such loss, expense, claim, damage or
liability; provided, however, that neither the Company nor [Capital Funding] [the Trust] shall be liable in any such case to the extent that any such loss, expense, claim, damage or liability arises out of or is based on an untrue
statement or alleged untrue statement or omission or alleged omission made in any such document in reliance upon, and in conformity with, written information furnished to [Capital Funding] [the Trust] or the Company by or through the Remarketing
Agent expressly for use in any such document or arises out of, or is based on, statements in or omissions from that part of the Registration Statement which shall constitute the Statement of Eligibility under the Trust Indenture Act of any trustee;
and provided further, that with respect to any untrue statement or alleged untrue statement or omission or alleged omission made in any prospectus or supplement, the indemnity agreement contained in this subsection (a) shall not inure to the
benefit of the Remarketing Agent (or to the benefit of any person controlling the Remarketing Agent), if a copy of the Prospectus (not including documents incorporated by reference therein) was not sent or given to such person at or prior to the
written confirmation of the sale of the Remarketed Securities to such person. 
  
 (b) The Remarketing Agent agrees that it will indemnify and hold harmless the Company and [Capital Funding] [the Trust], their officers and directors, and each of them, and each person, if any, who controls the
Company and [Capital Funding] [the Trust] within the meaning of Section 15 of the Securities Act, against any loss, expense, claim, damage or liability to which it or they may become subject, under the Securities Act or otherwise, insofar as such
loss, expense, claim, damage or liability (or actions in respect thereof) arises out of or is based on any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement, the Prospectus, the Remarketing
Materials or any amendment or supplement to any thereof, or arises out of or is based upon the omission or alleged omission to state therein any material fact required to be stated therein or necessary to make the statements therein not misleading,
in each case to the extent, and only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in any such document in reliance upon, and in conformity with, written information furnished to
[Capital Funding] [the Trust] or the Company by or through the Remarketing Agent expressly for use in any such document; and, except as hereinafter in this Section provided, the Remarketing Agent agrees to reimburse the Company and [Capital Funding]
[the Trust], their officers and directors, and each of them, and each person, if any, who controls the Company and [Capital Funding] [the Trust] within the meaning of Section 15 of the Securities Act, for any reasonable legal or other expenses
incurred by it or them in connection with investigating or defending any such loss, expense, claim, damage or liability. 
  
 (c) Upon receipt of notice of the commencement of any action against an indemnified party, the indemnified party shall, with reasonable promptness, if a
claim in respect thereof is to be made against an indemnifying party under its agreement contained in this Section 7, notify such indemnifying party in writing of the commencement thereof; but the omission so to notify an indemnifying party shall
not relieve it from any liability which it may have to the indemnified party otherwise than under its agreement contained in this Section 7. In the case of any such notice to an indemnifying party, it shall be entitled to participate at its own
expense in the defense, or if it so elects, to assume the defense, of any such action, but, if it elects to assume the defense, such defense shall be conducted by counsel chosen by it and satisfactory to the 

  

 10 

 
indemnified party and to any other indemnifying party, defendant in the suit. In the event that any indemnifying party elects to assume the defense of any
such action and retain such counsel, the indemnified party shall bear the fees and expenses of any additional counsel retained by it. No indemnifying party shall be liable in the event of any settlement of any such action effected without its
consent except as provided in Section 7(e) hereof. Each indemnified party agrees promptly to notify each indemnifying party of the commencement of any litigation or proceedings against it in connection with the issue and sale of the Remarketed
Securities. 
  
 (d) If the Remarketing Agent or any person
entitled to indemnification by the terms of subsection (a) of this Section 7 shall have given notice to the Company and [Capital Funding] [the Trust] of a claim in respect thereof pursuant to Section 7(c) hereunder, and if such claim for
indemnification is thereafter held by a court to be unavailable for any reason other than by reason of the terms of this Section 7 or if such claim is unavailable under controlling precedent, the Remarketing Agent or such person shall be entitled to
contribution from the Company and [Capital Funding] [the Trust] for liabilities and expenses, except to the extent that contribution is not permitted under Section 11(f) of the Securities Act. In determining the amount of contribution to which the
Remarketing Agent or such person is entitled, there shall be considered the relative benefits received by the Remarketing Agent or such person and the Company and [Capital Funding] [the Trust] from the offering of the Remarketed Securities that were
the subject of the claim for indemnification (taking into account the portion of the proceeds realized by each), the Remarketing Agent or person’s relative knowledge and access to information concerning the matter with respect to which the
claim was asserted, the opportunity to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. The Company and [Capital Funding] [the Trust] and the Remarketing Agent agree that it
would not be equitable if the amount of such contribution were determined by pro rata or per capita allocation. 
  
 (e) No indemnifying party shall, without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any
judgment with respect to any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever in respect of which indemnification or contribution could be sought under this Section 7
(whether or not the indemnified parties are actual or potential parties thereto), unless such settlement, compromise or consent (i) includes an unconditional release of each indemnified party and all liability arising out of such litigation,
investigation, proceeding or claim, and (ii) does not include a statement as to or an admission of fault, culpability or the failure to act by or on behalf of any indemnified party. 
  
 (f) The indemnity and contribution provided for in this Section 7 and the representations and warranties of the Company,
[Capital Funding] [the Trust] and the Remarketing Agent shall remain operative and in full force and effect regardless of (i) any investigation made by or on behalf of the Remarketing Agent or any person controlling the Remarketing Agent, the
Company, its directors or officers, [Capital Funding] [the Trust] or any person controlling [Capital Funding] [the Trust], (ii) acceptance of any Remarketed Securities and payment therefor under this Agreement, and (iii) any termination of this
Agreement. 
  

 11 

 Section 8. Resignation and Removal of the Remarketing Agent. 
  
 The Remarketing Agent may resign and be discharged from its duties and
obligations hereunder, and the Company may remove the Remarketing Agent, by giving 15 days’ prior written notice, in the case of a resignation, to the Company, DTC and the [Property Trustee] Indenture Trustee and, in the case of a removal, the
removed Remarketing Agent, DTC and the [Property Trustee] Indenture Trustee; provided however, that no such resignation nor any such removal shall become effective until the Company shall have appointed at least one nationally recognized
broker-dealer as successor Remarketing Agent and such successor Remarketing Agent shall have entered into a remarketing agreement with the Company, in which it shall have agreed to conduct the Remarketing in accordance with the Remarketing
Procedures. 
  
 In any such case, the Company will use its
reasonable efforts to appoint a successor Remarketing Agent and enter into such a remarketing agreement with such person as soon as reasonably practicable. The provisions of Sections 4, 5(h) and 7 shall survive the resignation or removal of any
Remarketing Agent pursuant to this Agreement. 
  
 Section 9. Dealing in the
Remarketed Securities. 
  
 The Remarketing Agent, when
acting as a Remarketing Agent or in its individual or any other capacity, may, to the extent permitted by law, buy, sell, hold and deal in any of the Remarketed Securities. The Remarketing Agent may exercise any vote or join in any action which any
beneficial owner of Remarketed Securities may be entitled to exercise or take pursuant to the Indenture with like effect as if it did not act in any capacity hereunder. The Remarketing Agent, in its individual capacity, either as principal or agent,
may also engage in or have an interest in any financial or other transaction with the Company as freely as if it did not act in any capacity hereunder. 
  
 Section 10. Remarketing Agent’s Performance; Duty of Care. 
  
 The duties and obligations of the Remarketing Agent shall be determined solely by the express provisions of this Agreement and the [Indenture] [Preferred
Security documents]. No implied covenants or obligations of or against the Remarketing Agent shall be read into this Agreement or the Indenture. In the absence of bad faith on the part of the Remarketing Agent, the Remarketing Agent may conclusively
rely upon any document furnished to it, which purports to conform to the requirements of this Agreement or the [Indenture] [Preferred Security documents] as to the truth of the statements expressed in any of such documents. The Remarketing Agent
shall be protected in acting upon any document or communication reasonably believed by it to have been signed, presented or made by the proper party or parties. The Remarketing Agent, acting under this Agreement, shall incur no liability to the
Company or to any holder of Remarketed Securities in its individual capacity or as Remarketing Agent for any action or failure to act, on its part in connection with a Remarketing or otherwise, except if such liability is judicially determined to
have resulted from the gross negligence or willful misconduct on its part. 
  

 12 

 Section 11. Termination. 
  
 This Agreement shall terminate as to the Remarketing Agent on the effective date of the resignation or removal of the
Remarketing Agent pursuant to Section 8. In addition, this Agreement may be terminated (A) by the Company by notifying the Remarketing Agent at any time before the time when the Remarketed Securities are first generally offered by the Remarketing
Agent to dealers by letter or telegram, or (B) by the Remarketing Agent by notifying the Company at or prior to 10:00 a.m. (New York City time) on the Remarketing Date by letter or telegram if, 
  
 (a) in the judgement of the Remarketing Agent the sale and delivery of the
Remarketed Securities is rendered impracticable or inadvisable because: 
  
 (1) there has been any suspension or limitation of trading in securities generally on the New York Stock Exchange, or any setting of minimum or maximum prices for trading on such exchange, or any suspension or
limitation of trading of any securities of the Company or Capital Funding on any exchange or in the over-the-counter market; or a general banking moratorium has been declared by Federal or New York authorities; 
  
 (2) any event shall have occurred or shall exist which makes
untrue or incorrect in any material respect any statement or information contained in the Registration Statement or Prospectus or which is not reflected in the Registration Statement or Prospectus but should be reflected therein in order to make the
statements or information contained therein not misleading in any material respect, and such untrue or incorrect statement or information is not corrected in an amendment or supplement to the Registration Statement or Prospectus, or 
  
 (b) prior to that time, any of the events described in Sections 6(b) [or (g)]
shall have occurred. 
  
 If this Agreement is terminated pursuant
to any of the provisions hereof, except as otherwise provided herein, the Company shall not be under any liability to the Remarketing Agent and the Remarketing Agent shall not be under any liability to the Company, except that (a) if this Agreement
is terminated by the Remarketing Agent because of any failure or refusal on the part of the Company to comply with the terms or to fulfill any of the conditions of this Agreement, the Company will reimburse the Remarketing Agent for all of its
out-of-pocket expenses (including the fees and disbursements of its counsel) reasonably incurred by it, and (b) if the Remarketing Agent failed or refused to purchase the Remarketed Securities hereunder, without some reason sufficient hereunder to
justify the cancellation or termination of its obligations hereunder, the Remarketing Agent shall not be relieved of liability to the Company for damages occasioned by its default. 
  
 Section 12. Notices. 
  
 All statements, requests, notices and agreements hereunder shall be in writing, and: 
  
 (a) if to the Remarketing Agent, shall be delivered or sent by mail, telex or facsimile transmission to
                                        
Attention:
                                        ;

  

 13 

 (b) if to the Company or [Capital Funding] [the Trust], shall be delivered or sent by mail, telex or
facsimile transmission to Two North Ninth Street, Allentown, Pennsylvania 18101-1179, Attention: Treasurer. (Fax: (610) 774-            ). 
  
 Any such statements, requests, notices or agreements shall take effect at the
time of receipt thereof. 
  
 Section 13. Persons Entitled to Benefit of
Agreement. 
  
 This Agreement shall inure to the benefit
of and be binding upon the Remarketing Agent, the Company, [Capital Funding] [the Trust] and their respective successors. This Agreement and the terms and provisions hereof are for the sole benefit of only those persons, except that (x) the
representations, warranties, indemnities and agreements of the Company contained in this Agreement shall also be deemed to be for the benefit of the Remarketing Agent and the person or persons, if any, who control the Remarketing Agent within the
meaning of Section 15 of the Securities Act and (y) the indemnity agreement of the Remarketing Agent contained in Section 7(b) of this Agreement shall be deemed to be for the benefit of the Company’s directors and officers who sign the
Registration Statement and any person controlling the Company within the meaning of Section 15 of the Securities Act. Nothing contained in this Agreement is intended or shall be construed to give any person, other than the persons referred to
herein, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein. 
  
 Section 14. Survival. 
  
 The respective indemnities, representations, warranties and agreements of the Company [Capital Funding] [the Trust] and the Remarketing Agent contained in
this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement, shall survive the Remarketing and shall remain in full force and effect, regardless of any investigation made by or on behalf of any of them or any person
controlling any of them. 
  
 Section 15. Governing Law. 

 
 This Agreement shall be governed by, and construed in accordance with,
the laws of New York. 
  
 Section 16. Counterparts. 
  
 This Agreement may be executed in one or more counterparts and, if executed
in more than one counterpart, the executed counterparts shall each be deemed to be an original but all such counterparts shall together constitute one and the same instrument. 
  
 Section 17. Headings. 
  
 The headings herein are inserted for convenience of reference only and are not intended to be part of, or to affect the meaning or interpretation of, this
Agreement. If the foregoing correctly sets forth the agreement between the Company and the Remarketing Agent, please indicate your acceptance in the space provided for that purpose below. 
  

 14 

 If the foregoing correctly sets forth the agreement between the Company and the Remarketing Agent, please
indicate your acceptance in the space provided for that purpose below. 
  

			
	 Very truly yours,

	
	 PPL CORPORATION

		
	By:	 	 
	 	 	 Title:

	
	 [PPL CAPITAL FUNDING, INC.] or
 [PPL CAPITAL FUNDING TRUST II]

		
	By:	 	 

  

			
	 Accepted:

	
	 
		
	By:	 	 
	 	 	Authorized Representative

  

 15Amended and Restated Trust Agreement

 EXHIBIT 4.14 

  
 AMENDED AND RESTATED 
  
 TRUST AGREEMENT 
  
 among 
  
 PPL CORPORATION, 
  
 as Depositor and Trust Securities Guarantor, 
  
 JPMORGAN CHASE BANK, 
 as Property Trustee, 
  
 CHASE MANHATTAN BANK USA, 
 as Delaware Trustee, 
  
 THE ADMINISTRATIVE TRUSTEES NAMED HEREIN 
  
 and 
  
 THE SEVERAL HOLDERS OF THE
TRUST SECURITIES 
  
 Dated as of
                ,          
  

PPL CAPITAL FUNDING TRUST II 
  

 PPL CAPITAL FUNDING TRUST II 
  
 Certain Sections of this Trust Agreement relating to 
 Sections 310 through 318 of the 
 Trust Indenture Act of 1939: 
  

			
	 Trust Indenture
     Act
Section

	  	Trust Agreement
Section

	 Section 310(a)(1)
	  	8.07
	 (a)(2)
	  	8.07
	 (a)(3)
	  	8.09
	 (a)(4)
	  	Not Applicable
	 (b)
	  	8.08
	 Section 311(a)
	  	8.13
	 (b)
	  	8.13
	 Section 312(a)
	  	5.07
	 (b)
	  	5.07
	 (c)
	  	5.07
	 Section 313(a)
	  	8.14(a)
	 (b)
	  	8.14(a)
	 (c)
	  	8.14(a)
	 (d)
	  	8.14(b)
	 Section 314(a)
	  	8.15
	 (b)
	  	Not Applicable
	 (c)(1)
	  	8.16
	 (c)(2)
	  	8.16
	 (c)(3)
	  	Not Applicable
	 (d)
	  	Not Applicable
	 (e)
	  	1.01
	 Section 315(a)
	  	8.01, 8.03
	 (b)
	  	8.02
	 (c)
	  	8.01(a)
	 (d)
	  	8.01, 8.03
	 (e)
	  	Not Applicable
	 Section 316(a)
	  	6.01
	 (a)(1)(A)
	  	6.01
	 (a)(1)(B)
	  	Not Applicable
	 (a)(2)
	  	Not Applicable
	 (b)
	  	Not Applicable
	 (c)
	  	6.07
	 Section 317(a)(1)
	  	Not Applicable
	 (a)(2)
	  	Not Applicable
	 (b)
	  	5.09
	 Section 318(a)
	  	10.10

  

	Note:	This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Trust Agreement. 

 TABLE OF CONTENTS 
  

					
	 ARTICLE I
  
 DEFINED TERMS
  

	Section 1.01.	  	Definitions	  	1
	
	 ARTICLE II
  
 CONTINUATION OF THE TRUST
  

	Section 2.01.	  	Name	  	10
	Section 2.02.	  	Office of the Delaware Trustee; Principal Place of Business	  	10
	Section 2.03.	  	Initial Contribution of Trust Property; Organizational Expenses	  	11
	Section 2.04.	  	Issuance of the Preferred Trust Securities	  	11
	Section 2.05.	  	Subscription and Purchase of Debentures; Issuance of the Common Trust Securities	  	11
	Section 2.06.	  	Declaration of Trust; Appointment of Additional Administrative Trustees	  	11
	Section 2.07.	  	Authorization to Enter into Certain Transactions	  	11
	Section 2.08.	  	Assets of Trust	  	15
	Section 2.09.	  	Title to Trust Property	  	15
	
	 ARTICLE III
  
 PAYMENT ACCOUNT
  

	Section 3.01.	  	Payment Account	  	15
	
	 ARTICLE IV
  
 DISTRIBUTIONS; REDEMPTION
  

	Section 4.01.	  	Distributions	  	16
	Section 4.02.	  	Redemption	  	16
	Section 4.03.	  	Subordination of Common Trust Securities	  	18
	Section 4.04.	  	Payment Procedures	  	19
	Section 4.05.	  	Tax Returns and Reports	  	19
	Section 4.06.	  	Payments under Indenture	  	20
	Section 4.07.	  	[Remarketing]	  	20
	
	 ARTICLE V
  
 TRUST SECURITIES CERTIFICATES
  

	Section 5.01.	  	Initial Ownership	  	20
	Section 5.02.	  	The Trust Securities Certificates	  	20
	Section 5.03.	  	Execution and Delivery of Trust Securities Certificates	  	20
	Section 5.04.	  	Registration of Transfer and Exchange of Trust Securities Certificates	  	21
	Section 5.05.	  	Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates	  	21
	Section 5.06.	  	Persons Deemed Securityholders	  	22

  

 -i- 

					
	Section 5.07.	  	Access to List of Securityholders’ Names and Addresses	  	22
	Section 5.08.	  	Maintenance of Office or Agency	  	22
	Section 5.09.	  	Appointment of Paying Agent	  	23
	Section 5.10.	  	Ownership of Common Trust Securities by Depositor	  	24
	Section 5.11.	  	Definitive Preferred Trust Securities Certificates	  	24
	Section 5.12.	  	Book-Entry System	  	24
	Section 5.13.	  	Rights of Securityholders	  	25
	Section 5.14.	  	Cancellation by Transfer Agent and Registrar	  	25
	
	 ARTICLE VI
  
 ACTS OF SECURITYHOLDERS; MEETINGS; VOTING
  

	Section 6.01.	  	Limitations on Voting Rights	  	25
	Section 6.02.	  	Notice of Meetings	  	27
	Section 6.03.	  	Meetings of Holders of Preferred Trust Securities	  	27
	Section 6.04.	  	Voting Rights	  	27
	Section 6.05.	  	Proxies, etc	  	27
	Section 6.06.	  	Securityholder Action by Written Consent	  	28
	Section 6.07.	  	Record Date for Voting and Other Purposes	  	28
	Section 6.08.	  	Acts of Securityholders	  	28
	Section 6.09.	  	Inspection of Records	  	29
	
	 ARTICLE VII
  
 REPRESENTATIONS AND WARRANTIES OF THE
 PROPERTY TRUSTEE AND THE DELAWARE TRUSTEE
  

	Section 7.01.	  	Property Trustee	  	29
	Section 7.02.	  	Delaware Trustee	  	30
	
	 ARTICLE VIII
  
 THE TRUSTEES
  

	Section 8.01.	  	Certain Duties and Responsibilities	  	31
	Section 8.02.	  	Notice of Defaults	  	32
	Section 8.03.	  	Certain Rights of Property Trustee	  	32
	Section 8.04.	  	Not Responsible for Recitals or Issuance of Securities	  	35
	Section 8.05.	  	May Hold Securities	  	35
	Section 8.06.	  	Compensation; Fees; Indemnity	  	35
	Section 8.07.	  	Certain Trustees Required; Eligibility	  	36
	Section 8.08.	  	Conflicting Interests	  	37
	Section 8.09.	  	Co-Trustees and Separate Trustee	  	37
	Section 8.10.	  	Resignation and Removal; Appointment of Successor	  	38
	Section 8.11.	  	Acceptance of Appointment by Successor	  	40
	Section 8.12.	  	Merger, Conversion, Consolidation or Succession to Business	  	40
	Section 8.13.	  	Preferential Collection of Claims Against Depositor or Trust	  	40
	Section 8.14.	  	Reports by Property Trustee	  	41

  

 -ii- 

					
	Section 8.15.	  	Reports to the Property Trustee	  	41
	Section 8.16.	  	Evidence of Compliance With Conditions Precedent	  	41
	Section 8.17.	  	Number of Trustees	  	41
	Section 8.18.	  	Delegation of Power	  	42
	Section 8.19.	  	Fiduciary Duty	  	42
	Section 8.20.	  	Delaware Trustee	  	43
	
	 ARTICLE IX
  
 DISSOLUTION AND LIQUIDATION
  

	Section 9.01.	  	Dissolution Upon Expiration Date	  	43
	Section 9.02.	  	Early Dissolution	  	43
	Section 9.03.	  	Termination	  	44
	Section 9.04.	  	Liquidation	  	44
	Section 9.05.	  	Mergers, Consolidations, Amalgamations or Replacements of the Trust	  	46
	
	 ARTICLE X
  
 MISCELLANEOUS PROVISIONS
  

	Section 10.01.	  	Payment of Expenses of the Trust	  	47
	Section 10.02.	  	Limitation of Rights of Securityholders	  	47
	Section 10.03.	  	Amendment	  	47
	Section 10.04.	  	Separability	  	48
	Section 10.05.	  	Governing Law	  	48
	Section 10.06.	  	Successors	  	49
	Section 10.07.	  	Headings	  	49
	Section 10.08.	  	Notice and Demand	  	49
	Section 10.09.	  	Agreement Not to Petition	  	49
	Section 10.10.	  	Conflict with Trust Indenture Act	  	50
	Section 10.11.	  	Counterparts	  	50

  

 -iii- 

 AMENDED AND RESTATED TRUST AGREEMENT, dated as of
            ,             , among (i) PPL Corporation, a Pennsylvania corporation as depositor (the
“Depositor”) and as Trust Securities guarantor (the “Trust Securities Guarantor”), (ii) JPMorgan Chase Bank, a banking corporation duly organized and existing under the laws of the State of New York, as trustee (the
“Property Trustee” and, in its separate capacity and not in its capacity as Property Trustee, the “Bank”), (iii) Chase Manhattan Bank USA, National Association, a national association], as Delaware trustee (the “Delaware
Trustee”), (iv)                      and
                    , each an individual, and each of whose address is c/o PPL Corporation, Two North Ninth Street, Allentown, Pennsylvania
18101-1179 (each, an “Administrative Trustee” and collectively the “Administrative Trustees”) (the Property Trustee, the Delaware Trustee and the Administrative Trustees are referred to herein each as a “Trustee” and
collectively as the “Trustees”), and (v) the several Holders, as hereinafter defined. 
  
 R E C I T A L S: 
  
 The Depositor, the Property Trustee, the Delaware Trustee and James E. Abel, as Administrative Trustee, have heretofore duly created and continued a
business trust under the Delaware Business Trust Act by the entering into that certain Trust Agreement, dated as of April     , 2002 (the “Original Trust Agreement”), as amended by the execution and filing with
the Secretary of State of the State of Delaware of the Certificate of Trust, dated April     , 2002 (attached hereto as Exhibit A and, as it may be amended from time to time, the “Certificate of Trust”).

  
 [The Trust and the Depositor have entered into an Underwriting
Agreement dated                 ,          with
                                        
                                        
    .] 
  
 The parties hereto desire to
amend and restate the Original Trust Agreement in its entirety as set forth herein to provide for, among other things, (i) the issuance of the Common Trust Securities, as hereinafter defined, by the Trust to the Depositor, (ii) the issuance of the
Preferred Trust Securities, as hereinafter defined, by the Trust, pursuant to the Underwriting Agreement and (iii) the acquisition by the Trust of all of the right, title and interest in the Debentures, as hereinafter defined. 
  
 NOW THEREFORE, in consideration of the agreements and obligations set forth
herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each party, for the benefit of the other party and for the benefit of the Securityholders, hereby amends and restates the Original
Trust Agreement in its entirety and agrees as follows: 
  
 ARTICLE I 
  
 DEFINED TERMS 
  
 Section 1.01. Definitions. (a) For all purposes of this Trust
Agreement, except as otherwise expressly provided or unless the context otherwise requires: 
  
 (b) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular;

  

 (c) all other terms used herein that are defined in the Trust Indenture Act, either
directly or by reference therein, have the meanings assigned to them therein; 
  
 (d) unless the context otherwise requires, any reference to an “Article” or a “Section” refers to an Article or a Section, as the case may be, of this Trust Agreement; and 
  
 (e) the words “herein”, “hereof” and
“hereunder” and other words of similar import refer to this Trust Agreement as a whole and not to any particular Article, Section or other subdivision. 
  
 “Act” has the meaning specified in Section 6.08. 
  
 “Additional Amount” means, with respect to Trust Securities of a given Liquidation Amount for a given period, the
amount of Additional Interest (as defined in the Subordinated Indenture) paid by the Debenture Issuer on a Like Amount of Debentures for such period. 
  
 “Administrative Trustee” means each of the individuals identified as an “Administrative Trustee” in the preamble to this Trust
Agreement solely in their capacities as Administrative Trustees of the Trust and not in their individual capacities, or such trustee’s successor in interest in such capacity, or any successor trustee appointed as herein provided. 
  
 “Adverse Tax Consequence” means any of the circumstances described
in clauses (i), (ii) and (iii) of the definition of “Tax Event” herein. 
  
 “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this
definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or
otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
  
 “Authorized Officer” means the Chairman of the Board, the President and Vice President, the Treasurer, any Assistant Treasurer or any other
officer or agent of the Depositor duly authorized by the Board of Directors to act in respect of matters relating to this Trust Agreement. 
  
 “Bank” has the meaning specified in the preamble to this Trust Agreement. 
  
 “Bankruptcy Event” means, with respect to any Person: 
  
 (i) the entry of a decree or order by a court having
jurisdiction in the premises judging such Person a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjudication or composition of or in respect of such Person under Federal bankruptcy law or any
other applicable Federal or state law, or appointing a receiver, liquidator, assignee, 

  

 -2- 

 
trustee, sequestrator or other similar official of such Person or of any substantial part of its property, or ordering the winding up or liquidation of its
affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days; or 
  
 (ii) the institution by such Person of proceedings to be adjudicated a bankrupt or insolvent, or of the consent by it to the institution
of bankruptcy or insolvency proceedings against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under Federal bankruptcy law or any other applicable Federal or state law, or the consent by it to the filing
of such petition or to the appointment of a receiver, liquidator, assignee, trustee, sequestrator or similar official of such Person or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or
the admission by it in writing of its inability to pay its debts generally as they become due. 
  
 “Bankruptcy Laws” has the meaning specified in Section 10.09. 
  
 “Business Day” means a day other than (x) a Saturday or a Sunday, (y) a day on which banks in New York, New York or Pennsylvania are authorized
or obligated by law or executive order to remain closed or (z) a day on which the Property Trustee’s Corporate Trust Office or the Debenture Trustee’s principal corporate trust office is closed for business. 
  
 “Certificate of Trust” has the meaning specified the recitals
hereof. 
  
 “Clearing Agency” means an organization
registered as a “clearing agency” pursuant to Section 17A of the Exchange Act. 
  
 “Closing Date” means the date of execution and delivery of this Trust Agreement. 
  
 “Code” means the Internal Revenue Code of 1986, as amended. 
  
 “Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the
Exchange Act, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 
  
 “Common Trust Security” means a security representing an undivided
beneficial interest in the assets of the Trust having a Liquidation Amount of $25 and having the rights provided therefor in this Trust Agreement, including the right to receive Distributions, Debentures and a Liquidation Distribution as provided
herein. 
  
 “Common Trust Securities Certificate” means
a certificate evidencing ownership of Common Trust Securities, substantially in the form attached as Exhibit B. 
  
 “Corporate Trust Office” means the principal corporate trust office of the Property Trustee located in New York, New York which at the date of
execution of this Trust Agreement is located at 4 New York Plaza, New York, New York 10004. 
  

 -3- 

 “Covered Person” means: (a) any officer, director, shareholder, partner, member,
representative, employee or agent of the Trust or the Trust’s Affiliates; and (b) any Holder of Trust Securities. 
  
 “Debenture Event of Default” means an “Event of Default” as defined in the Subordinated Indenture. 
  
 “Debenture Issuer” means PPL Capital Funding, Inc., a Delaware
corporation, in its capacity as issuer of the Debentures, and its successors. 
  
 “Debenture Redemption Date” means “Redemption Date” as defined in the Subordinated Indenture with respect to the Debentures. 
  
 “Debenture Trustee” means JPMorgan Chase Bank, a New York banking corporation, as trustee under the Subordinated
Indenture, and its permitted successors and assigns as such trustee. 
  
 “Debentures” means $                         aggregate principal amount of the Debenture Issuer’s
    % Subordinated Debt Securities, Series   , issued pursuant to the Subordinated Indenture which will mature on
                ,             . 
  
 “Definitive Preferred Trust Securities Certificates” means Preferred Trust Securities Certificates issued in
certificated, fully registered form as provided in Section 5.11. 
  
 “Delaware Business Trust Act” means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time. 
  
 “Delaware Trustee” means the banking corporation identified as the “Delaware Trustee” in the preamble to
this Trust Agreement solely in its capacity as Delaware Trustee of the Trust and not in its individual capacity, or its successor in interest in such capacity, or any successor trustee appointed as herein provided. 
  
 “Depositor” has the meaning specified in the preamble to this Trust
Agreement and includes PPL Corporation, in its capacity as Holder of the Common Trust Securities, and its successors. 
  
 “Distribution Date” has the meaning specified in Section 4.01(a). 
  
 “Distributions” means amounts payable in respect of the Trust Securities as provided in Section 4.01. 

 
 “Early Termination Event” has the meaning specified in Section
9.02. 
  

 -4- 

 “Event of Default” means any one of the following events (whatever the reason for such Event of
Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 
  
 (i) the occurrence of a Debenture Event of Default; or

  
 (ii) default by the Trust in the payment of
any Distribution when it becomes due and payable, and continuation of such default for a period of 30 days; or 
  
 (iii) default by the Trust in the payment of any Redemption Price, plus accumulated and unpaid Distributions, of any Trust Security when
it becomes due and payable; or 
  
 (iv) default
in the performance, or breach, in any material respect, of any covenant or warranty of the Trustees in this Trust Agreement (other than a covenant or warranty a default in whose performance or breach is specifically dealt with in clause (ii) or
(iii), above) and continuation of such default or breach for a period of 90 days after there has been given, by registered or certified mail, to the Trust, the defaulting trustee and the Depositor by the Holders of at least 25% in Liquidation Amount
of the Outstanding Preferred Trust Securities a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 
  
 (v) the occurrence of a Bankruptcy Event with respect to the
Trust. 
  
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
  
 “Expiration Date” shall
have the meaning specified in Section 9.01. 
  
 “Indemnified
Person” means any Trustee, any Affiliate of any Trustee, or any officer, director, shareholder, member, partners, employee, representative or agent of any Trustee, or any employee or agent of the Trust or its Affiliates. 
  
 “Investment Company Act” means the Investment Company Act of 1940,
as amended. 
  
 [“Investment Company Event” means the
receipt by the Trust of an Opinion of Counsel experienced in such matters to the effect that, as a result of the occurrence of a change in law or regulation or a change in interpretation or application of law or regulation by any legislative body,
court, governmental agency or regulatory authority (a “Change in 1940 Act Law”), the Trust is or will be considered an “investment company” that is required to be registered under the 1940 Act, which change in 1940 Act Law become
effective on or after the date of original issuance of the Preferred Securities under this Trust Agreement. 
  
 “Lien” means any lien, pledge, charge, encumbrance, mortgage, deed of trust, adverse ownership interest, hypothecation, assignment, security
interest or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever. 
  
 “Like Amount” means (i) Trust Securities having a Liquidation Amount equal to the principal amount of Debentures to be contemporaneously
redeemed in accordance with the Subordinated Indenture and the proceeds of which will be used to pay the Redemption Price of 

  

 -5- 

 
such Trust Securities plus accumulated and unpaid Distributions to the date of such payment and (ii) Debentures having a principal amount equal to the
Liquidation Amount of the Trust Securities of the Holders to which such Debentures are distributed. 
  
 “Liquidation Amount” means the stated amount of $25 per Trust Security. 
  
 “Liquidation Date” means the date on which Debentures are to be distributed to Holders of Trust Securities in
connection with a dissolution and liquidation of the Trust pursuant to Section 9.04. 
  
 “Liquidation Distribution” has the meaning specified in Section 9.04(e). 
  
 “Offer” has the meaning specified in Section 2.07(c). 
  

“Officer’s Certificate” means a certificate signed by an Authorized Officer of the Depositor and delivered to the appropriate Trustee.
Any officer signing an Officer’s Certificate given pursuant to Section 8.16 shall be the principal executive, financial or accounting officer of the Depositor. Any Officer’s Certificate delivered with respect to compliance with a condition
or covenant provided for in this Trust Agreement shall include: 
  
 (a) a statement that the officer signing the Officer’s Certificate has read the covenant or condition and the definitions relating thereto; 
  
 (b) a brief statement of the nature and scope of the examination or investigation undertaken by such officer
in rendering the Officer’s Certificate; 
  
 (c) a statement that such officer has made such examination or investigation as, in such officer’s opinion, is necessary to enable such officer to express an informed opinion as to whether or not such covenant or condition has been
complied with; and 
  
 (d) a statement as to
whether, in the opinion of such officer, such condition or covenant has been complied with. 
  
 “Opinion of Counsel” means a written opinion of counsel, who may be counsel for the Trust, the Property Trustee, the Delaware Trustee or the Depositor, and who shall be reasonably acceptable to the Property
Trustee. Any Opinion of Counsel delivered with respect to compliance with a condition or covenant provided for in this Trust Agreement shall include statements comparable to the statements referred to in the definition of “Officer’s
Certificate” herein. 
  
 “Original Trust Agreement”
has the meaning specified in the recitals to this Trust Agreement. 
  

 -6- 

 “Outstanding,” when used with respect to Preferred Trust Securities, means, as of the date of
determination, all Preferred Trust Securities theretofore delivered under this Trust Agreement, except: 
  
 (i) Preferred Trust Securities theretofore canceled by the Transfer Agent and Registrar or delivered to the Transfer Agent and Registrar
for cancellation; 
  
 (ii) Preferred Trust
Securities for whose payment or redemption money in the necessary amount has been theretofore deposited with the Property Trustee or any Paying Agent for the Holders of such Preferred Trust Securities; provided that, if such Preferred Trust
Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Trust Agreement; and 
  
 (iii) Preferred Trust Securities which have been paid or in exchange for or in lieu of which other Preferred Trust Securities have been
delivered pursuant to this Trust Agreement, including pursuant to Sections 5.04, 5.05 or 5.11; 
  
 provided, however, that in determining whether the Holders of the requisite Liquidation Amount of the Outstanding Preferred Trust Securities have given any request, demand, authorization, direction, notice, consent or
waiver hereunder, Preferred Trust Securities owned by the Depositor, the Trust Securities Guarantor, any Administrative Trustee or any Affiliate of the Depositor, the Trust Securities Guarantor or any Administrative Trustee shall be disregarded and
deemed not to be Outstanding, except that (a) in determining whether any Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Preferred Trust Securities which such Trustee
knows to be so owned shall be so disregarded and (b) the foregoing shall not apply at any time when all of the Outstanding Preferred Trust Securities are owned by the Depositor, the Trust Securities Guarantor, one or more of the Administrative
Trustees and/or any such Affiliate. Preferred Trust Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Administrative Trustees the pledgee’s right so to
act with respect to such Preferred Trust Securities and that the pledgee is not the Depositor or the Trust Securities Guarantor, or any Affiliate of the Depositor or the Trust Securities Guarantor. 
  
 “Owner” means each Person who is the beneficial owner of a Trust
Securities Certificate as reflected in the records of the Securities Depository or, if a Securities Depository participant is not the beneficial owner, then as reflected in the records of a Person maintaining an account with such Securities
Depository (directly or indirectly), in accordance with the rules of such Securities Depository. 
  
 “Paying Agent” means any paying agent or co-paying agent appointed pursuant to Section 5.09 and shall initially be the Property Trustee.

  
 “Payment Account” means a segregated
non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank, or such other banking institution as the Depositor shall select for the benefit of the Securityholders in which all amounts paid in respect of the
Debentures will be held and from which the Paying Agent, pursuant to Section 5.09, shall make payments to the Securityholders in accordance with Sections 4.01 and 4.02. 
  

 -7- 

 “Person” means any individual, corporation, partnership, joint venture, trust, limited
liability company or corporation, unincorporated organization or government or any agency or political subdivision thereof. 
  
 “Preferred Trust Security” means a security representing an undivided beneficial interest in the assets of the Trust having a Liquidation Amount
of $25 and having rights provided therefor in this Trust Agreement, including the right to receive Distributions, Debentures and a Liquidation Distribution as provided herein and, in certain circumstances, a preference over the Common Trust
Securities. 
  
 “Preferred Trust Securities Certificate”
means a certificate evidencing ownership of Preferred Trust Securities, substantially in the form attached as Exhibit C. 
  
 “Property Trustee” means the commercial bank or trust company identified as the “Property Trustee” in the preamble to this Trust
Agreement solely in its capacity as Property Trustee of the Trust and not in its individual capacity, or its successor in interest in such capacity, or any successor trustee appointed as herein provided. 
  
 “Redemption Date” means, with respect to any Trust Security to be
redeemed, the date fixed for such redemption by or pursuant to this Trust Agreement; provided that each Debenture Redemption Date shall be a Redemption Date for a Like Amount of Trust Securities. 
  
 “Redemption Price” means, with respect to any date fixed for
redemption of any Trust Security, the Liquidation Amount of such Trust Security. 
  
 “Relevant Trustee” shall have the meaning specified in Section 8.10. 
  
 “Responsible Officer,” when used with respect to the Property Trustee, means an officer of the Property Trustee assigned by the Property Trustee
to administer its corporate trust matters. 
  
 “Securities
Depository” shall have the meaning specified in Section 5.12. The Depository Trust Company will be the initial Securities Depository. 
  
 “Securities Register” shall mean the Securities Register as described in Section 5.04. 
  
 “Securityholder” or “Holder” means a Person in whose name
a Trust Security or Securities is registered in the Securities Register; any such Person shall be a beneficial owner of such security within the meaning of the Delaware Business Trust Act. 
  
 “Subordinated Indenture” means the Indenture, dated as of
                            ,
            , among the Debenture Issuer, the Depositor, as guarantor and the Debenture Trustee, as trustee, as amended or supplemented from time to time. 
  
 “Tax Event” means the receipt by the Trust or the Depositor of an
Opinion of Counsel experienced in such matters to the effect that, as a result of (a) any amendment to, clarification of, or change (including any announced prospective change) in, the laws or treaties 
  

 -8- 

 (or any regulations thereunder) of the United States or any political subdivision or taxing authority thereof or therein
affecting taxation, (b) any judicial decision or any official administrative pronouncement, ruling, regulatory procedure, notice or announcement (including any notice or announcement of intent to issue or adopt any such administrative pronouncement,
ruling, regulatory procedure or regulation) (each, an “Administrative Action”), or (c) any amendment to, clarification of, or change in the official position or the interpretation of any such Administrative Action or judicial decision or
any interpretation or pronouncement that provides for a position with respect to such Administrative Action or judicial decision that differs from the theretofore generally accepted position, in each case by any legislative body, court, governmental
authority or regulatory body, irrespective of the time or manner in which such amendment, clarification or change is introduced or made known, which amendment, clarification, or change is effective, or which Administrative Action is taken or which
judicial decision is issued, in each case on or after the date of issuance of the Preferred Trust Securities, there is more than an insubstantial risk that (i) the Trust is, or will be subject to United States Federal income tax with respect to
interest received on the Debentures, (ii) interest payable by the Depositor on the Debentures is not, or will not be, fully deductible by the Depositor for United States Federal income tax purposes, or (iii) the Trust is, or will be subject to more
than a de minimis amount of other taxes, duties or other governmental charges. 
  
 “Transfer Agent and Registrar” shall mean the transfer agent and registrar for the Preferred Trust Securities appointed by the Trust and shall be initially the Property Trustee. 
  
 “Trust” means the Delaware business trust created by the Original
Trust Agreement and the Certificate of Trust and continued hereby and identified on the cover page to this Trust Agreement. 
  
 “Trust Agreement” means this Amended and Restated Trust Agreement, as the same may be modified, amended or supplemented in accordance with the
applicable provisions hereof, including (i) all exhibits hereto and (ii) for all purposes of this Amended and Restated Trust Agreement and any such modification, amendment or supplement, the provisions of the Trust Indenture Act that are deemed to
be a part of and govern this Amended and Restated Trust Agreement and any such modification, amendment or supplement, respectively. 
  
 “Trust Indenture Act” means the Trust Indenture Act of 1939 as amended and in force at the date as of which this instrument was executed;
provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended. 
  
 “Trust Property” means (i) the Debentures, (ii) any cash on deposit
in, or owing to, the Payment Account and (iii) all proceeds and rights in respect of the foregoing for the time being held by the Property Trustee pursuant to the terms of this Trust Agreement. 
  
 “[Trust] Securities Certificate” means any one of the Common Trust
Securities Certificates or the Preferred Trust Securities Certificates. 
  
 “Trust Securities Guarantee” means the Trust Securities Guarantee Agreement executed and delivered by the Depositor, as guarantor and JPMorgan Chase Bank, a New York 
  

 -9- 

 banking corporation, as trustee, contemporaneously with the execution and delivery of this Trust Agreement, for the
benefit of the Holders of the [Preferred] Trust Securities, as amended from time to time. 
  
 “Trust Securities Guarantor” means PPL Corporation, a Pennsylvania corporation, and its successors, as guarantor under the Trust Securities Guarantee. 
  
 “Trust Security” means any one of the Common Trust Securities or
the Preferred Trust Securities. The Common Trust Securities and the Preferred Trust Securities represent the sole beneficial interests in the Trust, and the Trust shall not issue any interests other than the Trust Securities. 
  
 “Trustees” mean, collectively, the Property Trustee, the Delaware
Trustee and the Administrative Trustees. 
  
 “Underwriting
Agreement” means the Underwriting Agreement, dated as of                 ,             ,
among the Trust, the Depositor and the underwriters named therein. 
  
 [Additional Definitions if Securities are to be issued in connection with Stock Purchase Units] 
  
 ARTICLE II 
  
 Continuation of the Trust 
  
 Section 2.01.
Name. The Trust continued hereby shall be known as “PPL Capital Funding Trust II”, as such name may be modified from time to time by the Administrative Trustees following written notice to the Holders of Trust Securities and the other
Trustees, in which name the Trustees may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and sue and be sued. 
  
 Section 2.02. Office of the Delaware Trustee; Principal Place of Business. The office of the Delaware Trustee in the
State of Delaware is c/o JP Morgan Chase, 500 Stanton Christiana Road, Building 4, 3rd Floor, Newark, Delaware
19713, or at such other address in Delaware as the Delaware Trustee may designate by written notice to the Securityholders, the Depositor and the Trust Securities Guarantor. The principal place of business of the Trust is c/o PPL Corporation, Two
North Ninth Street, Allentown, Pennsylvania 18101-1179. 
  

 -10- 

 Section 2.03. Initial Contribution of Trust Property; Organizational Expenses. The Property
Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or
shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses. 
  
 Section 2.04. Issuance of the Preferred Trust Securities. On
                ,             , an authorized representative of the Depositor and the Trust,
both executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, one of the Administrative Trustees, on behalf of the Trust in accordance with Section 5.02, executed and delivered a
Preferred Trust Securities Certificate, registered in the name of the nominee of The Depository Trust Company, having an aggregate Liquidation Amount of
$                    . 
  
 Section 2.05. Subscription and Purchase of Debentures; Issuance of the Common Trust Securities. Contemporaneously with the execution and delivery
of this Trust Agreement, the Administrative Trustees, on behalf of the Trust, subscribed to and purchased from the Debenture Issuer Debentures, registered in the name of the Property Trustee and having an aggregate principal amount equal to
$                     and, in satisfaction of the purchase price for such Debentures, (x) one of the Administrative Trustees, on behalf of the
Trust, executed and delivered to the Depositor Common Trust Securities Certificates, registered in the name of the Depositor, representing              Common Trust Securities having
an aggregate Liquidation Amount of $                , and (y) the Property Trustee, on behalf of the Trust, delivered to the Debenture Issuer the sum of
$                 representing the proceeds from the sale of the Preferred Trust Securities pursuant to the Underwriting Agreement. 
  
 Section 2.06. Declaration of Trust; Appointment of Additional
Administrative Trustees. The exclusive purposes and functions of the Trust are (i) to issue Trust Securities and invest the proceeds thereof in Debentures, and (ii) to engage in those activities necessary or incidental thereto. The Depositor
hereby appoints the Trustees as trustees of the Trust, to have all the rights, powers and duties to the extent set forth herein, and the Trustees hereby accept such appointment. The Property Trustee hereby declares that it will hold the Trust
Property in trust upon and subject to the conditions set forth herein for the benefit of the Securityholders. The Trustees shall have all rights, powers and duties set forth herein and in accordance with applicable law with respect to accomplishing
the purposes of the Trust. Anything in this Trust Agreement to the contrary notwithstanding, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the
Property Trustee or the Administrative Trustees set forth herein. The Delaware Trustee shall be one of the Trustees of the Trust for the sole and limited purpose of fulfilling the requirements of Section 3807 of the Delaware Business Trust Act.

  
 Section 2.07. Authorization to Enter into Certain
Transactions. (a) The Trustees shall conduct the affairs of the Trust in accordance with the terms of this Trust Agreement. Subject to the limitations set forth in paragraph (b) of this Section and Article VIII and in accordance with the
following provisions (A) and (B), the Trustees shall have the 
  

 -11- 

 authority to enter into all transactions and agreements determined by the Trustees to be appropriate in exercising the
authority, express or implied, otherwise granted to the Trustees under this Trust Agreement, and to perform all acts in furtherance thereof, including without limitation, the following: 
  
 (A) As among the Trustees, the Administrative Trustees, acting singularly or together, shall have the power, duty and
authority to act on behalf of the Trust with respect to the following matters: 
  
 (i) the issuance and sale of the Trust Securities pursuant to the Underwriting Agreement; 
  
 (ii) without the consent of any Person, to cause the Trust
to enter into and to execute, deliver and perform on behalf of the Trust, such agreements as may be necessary or desirable in connection with the consummation of the Underwriting Agreement; 
  
 (iii) to qualify the Trust to do business in any
jurisdiction as may be necessary or desirable; 
  
 (iv) the registration of the Preferred Trust Securities under the Securities Act of 1933, as amended, and under state securities or blue sky laws, and the qualification of this Trust Agreement as a trust indenture under the Trust Indenture
Act; 
  
 (v) the listing, if any, of the
Preferred Trust Securities upon such national securities exchange or exchanges or automated quotation system or systems as shall be determined by the Depositor and the registration of the Preferred Trust Securities under the Exchange Act, and the
preparation and filing of all periodic and other reports and other documents pursuant to the foregoing; 
  
 (vi) the appointment or removal of a Paying Agent and Transfer Agent and Registrar in accordance with this Trust Agreement; 
  
 (vii) the establishment of a record date for any of the
purposes contemplated by Section 6.07 hereof; 
  
 (viii) to duly prepare and file all applicable tax returns and tax information reports that are required to be filed with respect to the Trust on behalf of the trust; 
  
 (ix) to take all action that may be necessary or appropriate for the preservation and the continuation of
the Trust’s valid existence, rights, franchises and privileges as a statutory business trust under the laws of the State of Delaware and of each other jurisdiction in which such existence is necessary to protect the limited liability of the
Holders of the Preferred Trust Securities or to enable the Trust to effect the purposes for which the Trust was created; 
  

 -12- 

 (x) to execute and deliver all documents or instruments, perform all duties and powers,
and do all things for and on behalf of the Trust in all matters necessary or incidental to the foregoing; 
  
 (xi) to the extent provided in this Trust Agreement, the winding up of the affairs of and liquidation of the Trust and the preparation,
execution and filing of the certificate of cancellation with the Secretary of State of Delaware; and 
  
 (xii) the taking of any action incidental to the foregoing as the Administrative Trustees may from time to time determine is necessary or
advisable to protect and conserve the Trust Property for the benefit of the Securityholders (without consideration of the effect of any such action on any particular Securityholder). 
  
 (B) As among the Trustees, the Property Trustee shall have the power, duty and authority to act on behalf of the Trust with
respect to the following ministerial matters: 
  
 (i) the establishment of the Payment Account; 
  
 (ii) the receipt of the Debentures; 
  
 (iii) the collection and deposit in the Payment Account of interest, principal and any other payments made in respect of the Debentures; 
  
 (iv) the distribution of amounts owed to the Securityholders in respect of the Trust Securities in accordance with the terms of this Trust
Agreement; 
  
 (v) the sending of notices of
default and other information regarding the Trust Securities and the Debentures to the Securityholders in accordance with the terms of this Trust Agreement; 
  
 (vi) the distribution of the Trust Property in accordance with the terms of this Trust Agreement; 
  
 (vii) to the extent provided in this Trust Agreement, the
winding up of the affairs of and liquidation of the Trust and the execution of the certificate of cancellation to be prepared and filed by the Administrative Trustees with the Secretary of State of the State of Delaware; and 
  
 (viii) the taking of any ministerial action incidental to
the foregoing as the Property Trustee may from time to time determine is necessary or advisable to protect and conserve the Trust Property for the benefit of the Securityholders (without consideration of the effect of any such action on any
particular Securityholder). 
  
 Subject to this Section
2.07(a)(B), the Property Trustee shall have none of the duties, powers or authority of the Administrative Trustees set forth in Sections 2.07(a)(A) and 2.07(c) or the Depositor set forth in Section 2.07(c). The Property Trustee shall have the power

  

 -13- 

 and authority to exercise all of the rights, powers and privileges of a holder of Debentures under the Subordinated
Indenture, subject to the terms of this Trust Agreement, and, if an Event of Default occurs and is continuing, the Property Trustee may, for the benefit of Holders of the Trust Securities, in its discretion, proceed to protect and enforce its rights
as holder of the Debentures subject to the rights of the Holders pursuant to the terms of this Trust Agreement. 
  
 (b) So long as this Trust Agreement remains in effect, the Trust (or the Trustees acting on behalf of the Trust) shall not undertake any business,
activities or transaction except as expressly provided herein or contemplated hereby. In particular, the Trustees, acting on behalf of the Trust, shall not (i) acquire any investments or engage in any activities not authorized by this Trust
Agreement, (ii) sell, assign, transfer, exchange, pledge, set-off or otherwise dispose of any of the Trust Property or interests therein, including to Securityholders, except as expressly provided herein, (iii) take any action that would reasonably
be expected to cause the Trust to fail or cease to qualify as a “grantor trust” for United States Federal income tax purposes, (iv) incur any indebtedness for borrowed money or (v) take or consent to any action that would result in the
placement of a Lien on any of the Trust Property. The Trustees shall defend all claims and demands of all Persons at any time claiming any Lien on any of the Trust Property adverse to the interest of the Trust or the Securityholders in their
capacity as Securityholders. 
  
 (c) In connection with the issue
and sale of the Preferred Trust Securities, each of the Depositor and the Administrative Trustees, acting singularly or together, (and, in the case of (i), (iii) and (v) below,
                                    , as authorized
representative of the Trust), shall have the right and responsibility to assist the Trust with respect to, or effect on behalf of the Trust, the following (and any actions taken by the Depositor in furtherance of the following prior to the date of
this Trust Agreement are hereby ratified and confirmed in all respects): 
  
 (i) to prepare for filing by the Trust with the Commission and to execute and file a registration statement on Form S-3 in relation to the Preferred Trust Securities, including any amendments thereto and to take any
action necessary or desirable to sell the Preferred Trust Securities in a transaction or series of transactions pursuant thereto; 
  
 (ii) to determine the States in which to take appropriate action to qualify or register for sale all or part of the Preferred Trust
Securities and to do any and all such acts, other than actions which must be taken by or on behalf of the Trust, and advise the Trustees of actions they must take on behalf of the Trust, and prepare for execution and filing any documents to be
executed and filed by the Trust or on behalf of the Trust, as the Depositor deems necessary or advisable in order to comply with the applicable laws of any such States in connection with the sale of Preferred Trust Securities; 
  
 (iii) to select the investment banker or bankers to act as
underwriters with respect to the offer and sale by the Trust of Preferred Trust Securities (“Offer”) and negotiate the terms of an Underwriting Agreement and pricing agreement providing for the Offer; 
  

 -14- 

 (iv) to execute and deliver on behalf of the Trust the Underwriting Agreement and such
other agreements as may be necessary or desirable in connection with the consummation thereof; 
  
 (v) to take any other actions necessary or desirable to carry out any of the foregoing activities. 
  
 (d) Notwithstanding anything herein to the contrary, the Administrative
Trustees are hereby authorized and directed to conduct the affairs of the Trust and to operate the Trust so that the Trust will not be deemed to be an “investment company” required to be registered under the Investment Company Act or
classified other than as a “grantor trust” for United States Federal income tax purposes and so that the Debentures will be treated as indebtedness of the Debenture Issuer for United States Federal income tax purposes. In this connection,
the Depositor and the Administrative Trustees are authorized to take any action, not inconsistent with applicable law, the Certificate of Trust or this Trust Agreement, that each of the Depositor and the Administrative Trustees determines in its
discretion to be necessary or desirable for such purposes, as long as such action does not materially adversely affect the interests of the Holders of the Preferred Trust Securities. 
  
 Section 2.08. Assets of Trust. The assets of the Trust shall consist of the Trust Property. 
  
 Section 2.09. Title to Trust Property. Legal title to all Trust
Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the Property Trustee for the benefit of the Securityholders in accordance with this Trust Agreement. 
  
 ARTICLE III 
  
 Payment Account 
  
 Section 3.01. Payment Account. (a) On or prior to the Closing Date,
the Property Trustee shall establish the Payment Account. The Property Trustee and any Paying Agent appointed by the Administrative Trustees shall have exclusive control and sole right of withdrawal with respect to the Payment Account for the
purpose of making deposits in and withdrawals from the Payment Account in accordance with this Trust Agreement. All monies and other property deposited or held from time to time in the Payment Account shall be held by the Property Trustee in the
Payment Account for the exclusive benefit of the Holders of Trust Securities and for distribution as herein provided, including (and subject to) any priority of payments provided for herein. The Property Trustee shall have no liability in any
respect whatsoever in regards to any moneys or other property deposited in the Payment Account at an institution other than the Property Trustee. 
  
 (b) The Property Trustee shall deposit in the Payment Account, promptly upon receipt, all payments of principal or interest on, and any other payments or
proceeds with respect to, the Debentures. Amounts held in the Payment Account shall not be invested by the Property Trustee pending distribution thereof. 
  

 -15- 

 ARTICLE IV 
  
 Distributions; Redemption 
  
 Section 4.01. Distributions. (a) Distributions on the Trust Securities shall be cumulative, and will accumulate whether or not there are funds of
the Trust available for the payment of Distributions. Distributions shall accrue from the Closing Date, and, except in the event (and to the extent) that the Depositor exercises its right to extend the interest payment period for the Debentures
pursuant to Section 312 of the Subordinated Indenture, shall be payable quarterly in arrears on                     ,
                    ,
                    , and
                     of each year, commencing on
                ,         . If any date on which Distributions are otherwise payable on the Trust Securities is not
a Business Day, then the payment of such Distribution shall be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay) in each case, with the same force and effect as if made
on such date (each date on which Distributions are payable in accordance with this Section 4.01(a), a “Distribution Date”). 
  
 (b) Distributions payable on the Trust Securities shall be fixed at a rate of         % per annum of the
Liquidation Amount of the Trust Securities. The amount of Distributions payable for any quarterly period shall be computed on the same basis as interest is calculated on the Debentures. If the interest payment period for the Debentures is extended
pursuant to Section 312 of the Subordinated Indenture, then Distributions on the Trust Securities will be deferred for the period equal to the extension of the interest payment period for the Debentures and the rate per annum at which Distributions
on the Trust Securities accumulate shall be increased by an amount such that the aggregate amount of Distributions that accumulate on all Trust Securities during any such extended interest payment period is equal to the aggregate amount of interest
(including, to the extent permitted by law, interest payable on unpaid interest at the percentage rate per annum set forth above, compounded quarterly) that accrues during any such extended interest payment period on the Debentures. The amount of
Distributions payable for any period shall include the Additional Amounts, if any. 
  
 (c) Distributions on the Trust Securities shall be made and shall be deemed payable on each Distribution Date only to the extent that the Trust has funds available in the Payment Account for the payment of such
Distributions. 
  
 (d) Distributions on the Trust Securities with
respect to a Distribution Date shall be payable to the Holders thereof as they appear on the Securities Register for the Trust Securities on the relevant record date, which shall be one Business Day prior to the relevant Distribution Date, if Trust
Securities are in book-entry only form, and 15 days prior to the relevant Distribution Date if Trust Securities are not in book-entry only form. 
  
 Section 4.02. Redemption. (a) On each Debenture Redemption Date and at the maturity date (“Maturity Date”) for the Debentures (as defined
in the Subordinated Indenture), the Property Trustee will be required to redeem a Like Amount of Trust Securities at the Redemption Price plus accumulated and unpaid Distributions to the Redemption Date or Maturity Date, as the case may be.

  

 -16- 

 (b) Notice of redemption shall be given by the Property Trustee by first-class mail, postage prepaid,
mailed not less than 30 nor more than 60 days prior to the Redemption Date to each Holder of Trust Securities to be redeemed, at such Holder’s address appearing in the Security Register. All notices of redemption or liquidation shall state:

  
 (i) the Redemption Date; 
  
 (ii) the Redemption Price and the amount of accumulated and
unpaid Distributions to be paid on the Redemption Date; 
  
 (iii) the CUSIP number; 
  
 (iv) if less than all the Outstanding Trust Securities are to be redeemed, the identification and the total Liquidation Amount of the particular Trust Securities to be redeemed; 
  
 (v) that on the Redemption Date the Redemption Price plus
accumulated and unpaid Distributions to the Redemption Date will become due and payable upon each such Trust Security to be redeemed and that Distributions thereon will cease to accrue on and after said date; and 
  
 (vi) if the Preferred Trust Securities are no longer held in
book-entry only form, the place and address where the Holders shall surrender their Preferred Trust Securities Certificates. 
  
 (c) The Trust Securities redeemed on each Redemption Date shall be redeemed at the Redemption Price plus accumulated and unpaid Distributions to the
Redemption Date with the proceeds from the contemporaneous redemption of Debentures. Redemptions of the Trust Securities shall be made and the Redemption Price plus accumulated and unpaid Distributions to the Redemption Date shall be deemed payable
on each Redemption Date only to the extent that the Trust has funds immediately available in the Payment Account for such payment. 
  
 (d) If the Property Trustee gives a notice of redemption in respect of any Preferred Trust Securities, then, by 12:00 noon, New York time, on the
Redemption Date, subject to Section 4.02(c), the Property Trustee shall irrevocably deposit with the Paying Agent funds sufficient to pay the applicable Redemption Price plus accumulated and unpaid Distributions to the Redemption Date and will give
the Paying Agent irrevocable instructions and authority to pay the Redemption Price plus accumulated and unpaid Distributions to the Redemption Date to the Holders thereof upon surrender of their Preferred Trust Securities Certificates and Common
Trust Securities Certificates. Notwithstanding the foregoing, Distributions on the Trust Securities with respect to Distribution Dates occurring on or prior to the Redemption Date for any Trust Securities called for redemption shall be payable to
the Holders of such Trust Securities as they appear on the Securities Register for the Trust Securities on the relevant record dates for the related Distribution Dates. If notice of redemption shall have been given and funds deposited as required,
then on the Redemption Date, all rights of Securityholders holding Trust Securities so called for redemption will cease, except the right of such Securityholders to receive the Redemption Price plus accumulated and unpaid Distributions 

  

 -17- 

 
to the Redemption Date thereof, but without interest thereon, and such Trust Securities will cease to be Outstanding. In the event that any Redemption Date
is not a Business Day, then payment of the Redemption Price payable on such date plus accumulated and unpaid Distributions to such Redemption Date shall be made on the next succeeding day which is a Business Day (and without any interest or other
payment in respect of any such delay), except that, if such Business Day falls in the next calendar year, such payment will be made on the immediately preceding Business Day, in each case, with the same force and effect as if made on such date. In
the event that payment of the Redemption Price plus accumulated and unpaid Distributions in respect of any Trust Securities called for redemption is improperly withheld or refused and not paid either by the Trust or by the Trust Securities Guarantor
pursuant to the Trust Securities Guarantee, Distributions on such Trust Securities will continue to accrue, at the then applicable rate, from the Redemption Date originally established by the Trust for such Trust Securities to the date such
Redemption Price plus accumulated and unpaid Distributions is actually paid, in which case the actual payment date will be deemed the date fixed for redemption for purposes of calculating the Redemption Price plus accumulated and unpaid
Distributions to such date. 
  
 (e) Payment of the Redemption
Price on the Trust Securities shall be made to the Holders thereof as they appear on the Securities Register for the Trust Securities on the relevant record date, which shall be one Business Date prior to the relevant Redemption Date; provided,
however, that in the event that the Preferred Securities do not remain in book-entry-only form, the relevant record date shall be the date fifteen days prior to the relevant Redemption Date. 
  
 (f) Subject to Section 4.03(a), if less than all the Outstanding Trust
Securities are to be redeemed on a Redemption Date, then the aggregate Liquidation Amount of Trust Securities to be redeemed shall be allocated to the Common Trust Securities and to the Preferred Trust Securities in the proportion that the aggregate
Liquidation Amount of each is to the aggregate Liquidation Amount of all outstanding Trust Securities. The particular Preferred Trust Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Property
Trustee from the Outstanding Preferred Trust Securities not previously called for redemption, by such method as the Property Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to $25 or
integral multiples thereof) of the Liquidation Amount of Preferred Trust Securities of a denomination larger than $25. The Property Trustee shall promptly notify the Transfer Agent and Registrar in writing of the Preferred Trust Securities selected
for redemption and, in the case of any Preferred Trust Securities selected for partial redemption, the Liquidation Amount thereof to be redeemed. For all purposes of this Trust Agreement, unless the context otherwise requires, all provisions
relating to the redemption of Preferred Trust Securities shall relate, in the case of any Preferred Trust Securities redeemed or to be redeemed only in part, to the portion of the Liquidation Amount of Preferred Trust Securities which has been or is
to be redeemed. 
  
 Section 4.03. Subordination of Common Trust
Securities. (a) Payment of Distributions (including Additional Amounts, if applicable) on, and the Redemption Price plus accumulated and unpaid Distributions of, the Trust Securities, as applicable, shall be made pro rata based on the
Liquidation Amount of the Trust Securities; provided, however, that if on any Distribution Date or Redemption Date an Event of Default resulting from a Debenture Event of Default shall have occurred and be continuing, no payment of any Distribution
(including 

  

 -18- 

 
Additional Amounts, if applicable) on, or Redemption Price plus accumulated and unpaid Distributions of, any Common Trust Security, and no other payment on
account of the redemption, liquidation or other acquisition of Common Trust Securities, shall be made unless payment in full in cash of all accumulated and unpaid Distributions (including Additional Amounts, if applicable) on all Outstanding
Preferred Trust Securities for all distribution periods terminating on or prior thereto, or in the case of payment of the Redemption Price plus accumulated and unpaid Distributions the full amount of such Redemption Price plus accumulated and unpaid
Distributions on all Outstanding Preferred Trust Securities, shall have been made or provided for, and all funds immediately available to the Property Trustee shall first be applied to the payment in full in cash of all Distributions (including
Additional Amounts, if applicable) on, or Redemption Price plus accumulated and unpaid Distributions of, Preferred Trust Securities then due and payable. 
  
 (b) In the case of the occurrence of any Event of Default resulting from a Debenture Event of Default, the Holder of Common Trust Securities will be
deemed to have waived any right to act with respect to any such Event of Default under this Trust Agreement until the effect of all such Events of Default with respect to the Preferred Trust Securities have been cured, waived or otherwise
eliminated. Until all such Events of Default under this Trust Agreement with respect to the Preferred Trust Securities have been so cured, waived or otherwise eliminated, the Property Trustee shall, to the fullest extent permitted by law, act solely
on behalf of the Holders of the Preferred Trust Securities and not the Holder of the Common Trust Securities, and only the Holders of the Preferred Trust Securities will have the right to direct the Property Trustee to act on their behalf.

  
 Section 4.04. Payment Procedures. Payments in respect
of the Preferred Trust Securities shall be made by check mailed to the address of the Person entitled thereto as such address shall appear on the Securities Register or, if the Preferred Trust Securities are held by a Securities Depository, such
Distributions shall be made to the Securities Depository in immediately available funds, which shall credit the relevant Persons’ accounts at such Securities Depository on the applicable Distribution Dates. Payments in respect of the Common
Trust Securities shall be made in such manner as shall be mutually agreed between the Property Trustee and the Holder of the Common Trust Securities. 
  
 Section 4.05. Tax Returns and Reports. The Administrative Trustees shall prepare (or cause to be prepared), at the Depositor’s expense and
direction, and file all United States Federal, state and local tax and information returns and reports required to be filed by or in respect of the Trust. In this regard, the Administrative Trustees shall (a) prepare and file (or cause to be
prepared or filed) the Internal Revenue Service Form 1041 (or any successor form) required to be filed in respect of the Trust in each taxable year of the Trust and (b) prepare and furnish (or cause to be prepared and furnished), to the extent
required by law, to each Securityholder the related Internal Revenue Service Form 1099 (or any successor form) and the information required to be provided on such form. The Administrative Trustees shall provide the Depositor and the Property Trustee
with a copy of all such returns, reports and schedules promptly after such filing or furnishing. The Trustees shall comply with United States Federal withholding and backup withholding tax laws and information reporting requirements with respect to
any payments to Securityholders under the Trust Securities. 
  

 -19- 

 Section 4.06. Payments under Indenture. Any amount payable hereunder to any Holder of Preferred
Trust Securities shall be reduced by the amount of any corresponding payment such Holder has directly received pursuant to Section 808 of the Subordinated Indenture. 
  
 [Section 4.07. Remarketing.] 
  

[Add remarketing and coupon reset provisions if Securities are issued in connection with Stock Purchase Units] 
  
 ARTICLE V 
  
 Trust Securities Certificates 
  
 Section 5.01. Initial Ownership. Upon the creation of the Trust by the
contribution by the Depositor pursuant to Section 2.03 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Trust. 
  
 Section 5.02. The Trust Securities Certificates. The Trust Securities
Certificates shall be issued in denominations of $25 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative
Trustee and, if executed on behalf of the Trust by facsimile signature, the Preferred Trust Securities shall be countersigned by the Transfer Agent and Registrar or its agent. Trust Securities Certificates bearing the manual or facsimile signatures
of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust and, in the case of Preferred Trust Securities, if executed by facsimile signature, countersigned by the Transfer Agent and
Registrar or its agent, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities
Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Securityholder, and shall be entitled to the rights and subject to the obligations
of a Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s name pursuant to Section 5.04 or 5.12. Every Person, by virtue of having become a Securityholder, shall be deemed to have expressly
assented and agreed to the terms of, and shall be bound by, this Trust Agreement, the Trust Securities Guarantee and the Subordinated Indenture. 
  
 Section 5.03. Execution and Delivery of Trust Securities Certificates. On the Closing Date, the Administrative Trustees, or any one of them, shall
cause Trust Securities Certificates, in an aggregate Liquidation Amount as provided in Sections 2.04 and 2.05, to be executed on behalf of the Trust, and in the case of Preferred Trust Securities executed by facsimile signature, countersigned by the
Transfer Agent and Registrar, or its agent, and delivered to or upon the written order of the Depositor signed by its chairman of the board, any 

  

 -20- 

 
of its vice presidents or its treasurer, without further corporate action by the Depositor, in authorized denominations. 
  
 Section 5.04. Registration of Transfer and Exchange of Trust Securities
Certificates. The Transfer Agent and Registrar shall keep or cause to be kept, at the office or agency maintained pursuant to Section 5.08, a Securities Register in which, subject to such reasonable regulations as it may prescribe, the Transfer
Agent and Registrar shall provide for the registration of Preferred Trust Securities Certificates and the Common Trust Securities Certificates (subject to Section 5.10 in the case of the Common Trust Securities Certificates) and registration of
transfers and exchanges of Preferred Trust Securities Certificates as herein provided. The Property Trustee shall be the initial Transfer Agent and Registrar. 
  

Upon surrender for registration of transfer of any Preferred Trust Securities Certificate at the office or agency maintained pursuant to Section 5.08,
the Administrative Trustees, or any one of them, shall execute on behalf of the Trust by manual or facsimile signature and, if executed on behalf of the Trust by facsimile signature, cause the Transfer Agent and Registrar or its agent to countersign
and deliver, in the name of the designated transferee or transferees, one or more new Preferred Trust Securities Certificates in authorized denominations of a like aggregate Liquidation Amount. At the option of a Holder, Preferred Trust Securities
Certificates may be exchanged for other Preferred Trust Securities Certificates in authorized denominations of the same class and of a like aggregate Liquidation Amount upon surrender of the Preferred Trust Securities Certificates to be exchanged at
the office or agency maintained pursuant to Section 5.08. 
  
 Every Preferred Trust Securities Certificate presented or surrendered for registration of transfer or exchange shall be accompanied by a written instrument of transfer in form satisfactory to the Administrative Trustees and the Transfer
Agent and Registrar duly executed by the Holder or such Holder’s attorney duly authorized in writing. Each Preferred Trust Securities Certificate surrendered for registration of transfer or exchange shall be canceled and subsequently disposed
of by the Transfer Agent and Registrar in accordance with its customary procedures. The Trust shall not be required to (i) issue, register the transfer of, or exchange any Preferred Trust Securities during a period beginning at the opening of
business 15 calendar days before the day of mailing of a notice of redemption of any Preferred Trust Securities called for redemption and ending at the close of business on the day of such mailing or (ii) register the transfer of or exchange any
Preferred Trust Securities so selected for redemption, in whole or in part, except the unredeemed portion of any such Preferred Trust Securities being redeemed in part. 
  
 No service charge shall be made for any registration of transfer or exchange of Preferred Trust Securities Certificates, but
the Transfer Agent and Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of Preferred Trust Securities Certificates. 
  
 Section 5.05. Mutilated, Destroyed, Lost or Stolen Trust Securities
Certificates. If (a) any mutilated Trust Securities Certificate shall be surrendered to the Transfer Agent and Registrar, or if the Transfer Agent and Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any
Trust Securities Certificate and (b) there shall 

  

 -21- 

 
be delivered to the Transfer Agent and Registrar and the Administrative Trustees such security or indemnity as may be required by them to save each of them
and the Depositor harmless, then in the absence of notice that such Trust Securities Certificate shall have been acquired by a bona fide purchaser, the Administrative Trustees, or any one of them, on behalf of the Trust shall execute by manual or
facsimile signature and, if execution on behalf of the Trust is by facsimile signature, in the case of Preferred Trust Securities shall also cause the Transfer Agent and Registrar or its agent to countersign; and the Administrative Trustees, or any
one of them, and, if executed on behalf of the Trust by facsimile signature, in the case of Preferred Trust Securities the Transfer Agent and Registrar or its agent, shall make available for delivery, in exchange for or in lieu of any such
mutilated, destroyed, lost or stolen Trust Securities Certificate, a new Trust Securities Certificate of like class, tenor and denomination. In connection with the issuance of any new Trust Securities Certificate under this Section, the
Administrative Trustees or the Transfer Agent and Registrar may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. Any duplicate Trust Securities Certificate issued
pursuant to this Section shall constitute conclusive evidence of an undivided beneficial interest in the Trust Property, as if originally issued, whether or not the lost, stolen or destroyed Trust Securities Certificate shall be found at any time.

  
 The provisions of this Section are exclusive and shall
preclude (to the extent lawful) all other rights and remedies with respect to the replacement of mutilated, destroyed, lost or stolen Trust Securities Certificates. 
  
 Section 5.06. Persons Deemed Securityholders. Prior to due presentation of a Trust Securities Certificate for
registration of transfer, the Trustees and the Transfer Agent and Registrar, and any agent of the Trustees and the Transfer Agent and Registrar, shall be entitled to treat the Person in whose name any Trust Securities Certificate shall be registered
in the Securities Register as the owner of such Trust Securities Certificate for the purpose of receiving Distributions and for all other purposes whatsoever, and neither the Trustees nor the Transfer Agent and Registrar shall be bound by any notice
to the contrary. 
  
 Section 2.07. Access to List of
Securityholders’ Names and Addresses. The Administrative Trustees shall furnish or cause to be furnished (x) to the Depositor or the Property Trustee, within 15 days after receipt by any Administrative Trustee of a request therefor from the
Depositor or the Property Trustee, as the case may be, in writing and (y) to the Property Trustee, [quarterly not more than 5 days after each                 ,
                ,                  and
                 of each year beginning                 ] (unless the
Property Trustee is the Transfer Agent and Registrar), a list, in such form as the Depositor or the Property Trustee may reasonably require, of the names and addresses of the Securityholders as of a recent date. Each Holder, by receiving and holding
a Trust Securities Certificate, shall be deemed to have agreed not to hold either the Depositor or any Trustees accountable by reason of the disclosure of its name and address, regardless of the source from which such information was derived.

  
 Section 5.08. Maintenance of Office or Agency. The
Depositor shall or shall cause the Transfer Agent and Registrar to maintain in The City of New York, an office or offices or agency or agencies where Preferred Trust Securities Certificates may be surrendered for registration of transfer or exchange
and where notices and demands to or upon the Depositor, the Trust or the Transfer Agent and Registrar in respect of the Trust Securities and the Trust 

  

 -22- 

 
Agreement may be served. The Depositor initially designates JPMorgan Chase Bank, Institutional Trust Services, 4 New York Plaza, New York, New York 10004as
its principal office for such purposes. The Depositor shall or shall cause the Transfer Agent and Registrar to give prompt written notice to the Depositor, The Trust Securities Guarantor, the Property Trustee, the Administrative Trustees and to the
Securityholders of any change in the location of the Securities Register or any such office or agency. If at any time the Depositor shall fail to maintain such office or agency or shall fail to furnish the Property Trustee with the address thereof,
such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Property Trustee, and the Depositor hereby appoints the Property Trustee its agent and the agent of the Trust to receive all such
presentations, surrenders, notices and demands. 
  
 Section
5.09. Appointment of Paying Agent. The Paying Agent shall make Distributions to Securityholders from the Payment Account and shall report the amounts of such Distributions to the Administrative Trustees and the Property Trustee. Any Paying Agent
shall have the revocable power to withdraw funds from the Payment Account for the purpose of making the Distributions referred to above. The Property Trustee shall be entitled to rely upon a certificate of the Paying Agent stating in effect the
amount of such funds so to be withdrawn and that same are to be applied by the Paying Agent in accordance with this Section 5.09. The Administrative Trustees or any one of them may revoke such power and remove the Paying Agent if the Administrative
Trustee or any one of them determines in its sole discretion that the Paying Agent shall have failed to perform its obligations under this Trust Agreement in any material respect. The Paying Agent shall initially be the Property Trustee, and it may
choose any co-paying agent that is acceptable to the Administrative Trustees, the Debenture Issuer, and the Depositor. The Paying Agent shall be permitted to resign upon 30 days’ written notice to the Administrative Trustees, the Property
Trustee, the Debenture Issuer and the Depositor. In the event of the removal or resignation of the Property Trustee as Paying Agent, the Administrative Trustees shall appoint a successor that is reasonably acceptable to the Property Trustee, the
Debenture Issuer and the Depositor to act as Paying Agent (which shall be a bank, trust company or an Affiliate of the Depositor). The Administrative Trustees shall cause such successor Paying Agent or any additional Paying Agent appointed by the
Administrative Trustees to execute and deliver to the Trustees an instrument in which such successor Paying Agent or additional Paying Agent shall agree with the Trustees that as Paying Agent, such successor Paying Agent or additional Paying Agent
will hold all sums, if any, held by it for payment to the Securityholders in trust for the benefit of the Securityholders entitled thereto until such sums shall be paid to such Securityholders. The Paying Agent shall return all unclaimed funds to
the Property Trustee and upon resignation or removal of a Paying Agent such Paying Agent shall also return all funds in its possession to the Property Trustee. The provisions of Sections 8.01, 8.03 and 8.06 shall apply to the Paying Agent appointed
hereunder, and the Paying Agent shall be bound by the requirements with respect to paying agents of securities issued pursuant to the Trust Indenture Act. Any reference in this Trust Agreement to the Paying Agent shall include any co-paying agent
unless the context requires otherwise. 
  

 -23- 

 Section 5.10. Ownership of Common Trust Securities by Depositor. On the Closing Date, the
Depositor shall acquire, and thereafter retain, beneficial and record ownership of the Common Trust Securities. Except in connection with a transaction involving the Depositor that would be permitted under Article Eleven of the Subordinated
Indenture, any attempted transfer of the Common Trust Securities shall, to the fullest extent permitted by law, be void. The Administrative Trustees shall cause each Common Trust Securities Certificate issued to the Depositor to contain a legend
stating “THIS CERTIFICATE IS NOT TRANSFERABLE EXCEPT AS PROVIDED IN THE TRUST AGREEMENT.” Common Trust Securities Certificates representing the Common Trust Securities shall be issued to the Depositor in the form of a typewritten or
definitive Common Trust Securities Certificate. 
  
 Section
5.11. Definitive Preferred Trust Securities Certificates. Definitive Preferred Trust Securities Certificates shall be typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the
Administrative Trustees, as evidenced by the execution thereof by the Administrative Trustees, or any one of them. The Administrative Trustees, or any one of them, shall execute on behalf of the Trust by manual or facsimile signature, and, if
executed by facsimile on behalf of the Trust, countersigned by the Transfer Agent and Registrar or its agent, the Definitive Preferred Trust Securities Certificates initially in accordance with the instructions of the Depositor complying with
Section 5.03. Neither the Transfer Agent and Registrar nor any of the Administrative Trustees shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions.

  
 Section 5.12. Book-Entry System. Some or all of the
Preferred Trust Securities may be registered in the name of a securities depository (“Securities Depository”) or a nominee therefor, and held in the custody of the Securities Depository or a custodian thereof. In such event, a single
certificate will be issued and delivered to the Securities Depository for such Preferred Trust Securities, in which case the Owners of such Preferred Trust Securities will not receive physical delivery of certificates for Preferred Trust Securities.
Unless Definitive Preferred Trust Securities Certificate are delivered to the Owners of Preferred Trust Securities as provided herein, all transfers of beneficial ownership interests in such Preferred Trust Securities will be made by book-entry
only, and no investor or other party purchasing, selling or otherwise transferring beneficial ownership of the Preferred Trust Securities will receive, hold or deliver any certificate for Preferred Trust Securities. The Depositor, the Trustees and
the Paying Agent will recognize the Securities Depository or its nominee as the Holder of Preferred Trust Securities for all purposes, including payment, notices and voting and shall have no payment, notice or communication obligations to the
Owners. 
  
 The Administrative Trustees, at the direction and
expense of the Depositor, may from time to time appoint a Securities Depository or a successor thereto and enter into a letter of representations or other agreement with such Securities Depository to establish procedures with respect to the
Preferred Trust Securities. Any Securities Depository shall be a Clearing Agency. 
  
 The Depositor and the Trustees covenant and agree to meet the requirements of a Securities Depository for the Preferred Trust Securities with respect to required notices and other provisions of the letter of
representations or agreement executed with respect to such Preferred Trust Securities. 
  

 -24- 

 Whenever the beneficial ownership of any Preferred Trust Securities is determined through the books of a
Securities Depository, the requirements in this Trust Agreement of holding, delivering or transferring such Preferred Trust Securities shall be deemed modified with respect to such Preferred Trust Securities to meet the requirements of the
Securities Depository with respect to actions of the Trustees, the Depositor and the Paying Agent. Any provisions hereof permitting or requiring delivery of such Preferred Trust Securities shall, while such Preferred Trust Securities are in a
book-entry system, be satisfied by the notation on the books of the Securities Depository in accordance with applicable state law. 
  
 Definitive Preferred Trust Securities Certificates will be issued and delivered to the Owners of such Preferred Trust Securities in accordance with
registration instructions of the Securities Depository if (a) the Securities Depository is no longer willing or able to properly discharge its responsibilities with respect to the Preferred Trust Securities, and the Depositor does not appoint a
successor Securities Depository within 90 days after such discontinuance, or (b) the Depositor at its option advises the Trustees in writing that it elects to terminate the book-entry system through the Securities Depository. 
  
 Section 5.13. Rights of Securityholders. The legal title to the Trust
Property is vested exclusively in the Property Trustee (in its capacity as such) in accordance with Section 2.09, and the Securityholders shall not have any right or title therein other than an undivided beneficial interest in the assets of the
Trust conferred by their Trust Securities and they shall have no right to call for any partition or division of property, profits or rights of the Trust except as described below. The Trust Securities shall be personal property giving only the
rights specifically set forth therein and in this Trust Agreement. The Preferred Trust Securities shall have no preemptive or similar rights and when issued and delivered to Securityholders against payment of the purchase price therefor will be
fully paid and nonassessable undivided beneficial interests in the assets of the Trust. 
  
 Section 5.14. Cancellation by Transfer Agent and Registrar. All Trust Securities Certificates surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to any Person other
than the Transfer Agent and Registrar, be delivered to the Transfer Agent and Registrar and, if not theretofore canceled, shall be promptly canceled by the Transfer Agent and Registrar. No Trust Securities Certificates shall be issued in lieu of or
in exchange for any Trust Securities Certificates canceled as provided in this Section, except as expressly permitted by this Trust Agreement. All canceled Trust Securities Certificates held by the Transfer Agent and Registrar shall be disposed of
in accordance with its customary procedures. 
  
 ARTICLE VI

  
 Acts of Securityholders; Meetings; Voting

  
 Section 6.01. Limitations on Voting Rights. (a)
Except as provided in this Section 6.01, Section 8.10 and Section 10.03 and as otherwise required by law, no Holder of Preferred Trust Securities shall have any right to vote or in any manner otherwise control the administration, operation and
management of the Trust or the obligations of the parties hereto, nor shall anything herein set forth, or contained in the terms of the Trust Securities Certificates, 
  

 -25- 

 be construed so as to constitute the Securityholders from time to time as partners or members of an association. If the
Property Trustee fails to enforce its rights under the Debentures or this Trust Agreement, a Holder of Preferred Trust Securities may, to the fullest extent permitted by law, institute a legal proceeding directly against the Depositor or the
Debenture Issuer to enforce the Property Trustee’s rights under the Debentures or this Trust Agreement without first instituting any legal proceeding against the Property Trustee or any other Person. Notwithstanding the foregoing, a Holder of
Preferred Trust Securities may directly institute a proceeding for enforcement of payment to such Holder of principal of or interest on the Debentures having a principal amount equal to the aggregate liquidation preference amount of the Preferred
Trust Securities of such Holder on or after the due dates specified in the Debentures. 
  
 (b) So long as any Debentures are held by the Property Trustee, the Property Trustee shall not (i) direct the time, method and place of conducting any proceeding for any remedy available to the Debenture Trustee, or
executing any trust or power conferred on the Debenture Trustee with respect to such Debentures, (ii) waive any past default which is waivable under Section 813 of the Subordinated Indenture, (iii) exercise any right to rescind or annul a
declaration that the principal of all the Debentures shall be due and payable or (iv) consent to any amendment, modification or termination of the Subordinated Indenture or the Debentures, where such consent shall be required, without, in each case,
obtaining the prior approval of the Holders of at least a majority of the aggregate Liquidation Amount of the Outstanding Preferred Trust Securities; provided, however, that where a consent under the Subordinated Indenture would require the consent
of each Holder of Debentures affected thereby, no such consent shall be given by the Property Trustee without the prior written consent of each Holder of Preferred Trust Securities. The Property Trustee shall not revoke any action previously
authorized or approved by a vote of the Preferred Trust Securities, except pursuant to a subsequent vote of the Preferred Trust Securities. The Property Trustee shall notify all Holders of the Preferred Trust Securities of any notice of default
received from the Debenture Trustee with respect to the Debentures. In addition to obtaining the foregoing approvals of the Holders of the Preferred Trust Securities, prior to taking any of the foregoing actions, the Property Trustee shall, at the
expense of the Depositor, obtain an Opinion of Counsel experienced in such matters to the effect that such action will not cause the Trust to be classified other than as a “grantor trust” for United States Federal income tax purposes.

  
 (c) If any proposed amendment to the Trust Agreement provides
for, or the Trustees otherwise propose to effect, (i) any action that would materially adversely affect the powers, preferences or special rights of the Preferred Trust Securities, whether by way of amendment to the Trust Agreement or otherwise, or
(ii) the dissolution, winding-up or termination of the Trust, other than pursuant to the terms of this Trust Agreement, then the Holders of Outstanding Preferred Trust Securities as a class will be entitled to vote on such amendment or proposal and
such amendment or proposal shall not be effective except with the approval of the Holders of at least majority in aggregate Liquidation Amount of the Outstanding Preferred Trust Securities. 
  
 (d) The Holders of a majority in Outstanding Liquidation Amount of the
Preferred Trust Securities shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Property Trustee in respect of this Trust 
  

 -26- 

 Agreement or the Debentures or exercising any trust or power conferred upon the Property Trustee under this Trust
Agreement; provided, however, that, subject to Section 8.01, the Property Trustee shall have the right to decline to follow any such direction if the Property Trustee being advised by counsel determines that the action so directed may not
lawfully be taken, or if the Property Trustee in good faith shall, by a Responsible Officer or Officers of the Property Trustee, determine that the proceedings so directed would be illegal or involve it in personal liability or be unduly prejudicial
to the rights of Holders not party to such direction, and provided further that nothing in this Trust Agreement shall impair the right of the Property Trustee to take any action deemed proper by the Property Trustee and which is not inconsistent
with such direction. 
  
 Section 6.02. Notice of Meetings.
Notice of all meetings of the Holders of Preferred Trust Securities, stating the time, place and purpose of the meeting, shall be given by the Administrative Trustees pursuant to Section 10.08 to each Holder of a Preferred Trust Security, at such
Holder’s registered address, at least 15 days and not more than 90 days before the meeting. At any such meeting, any business properly before the meeting may be so considered whether or not stated in the notice of the meeting. Any adjourned
meeting may be held as adjourned without further notice. 
  
 Section 6.03. Meetings of Holders of Preferred Trust Securities. No annual meeting of Securityholders is required to be held. The Administrative Trustees, however, shall call a meeting of Securityholders to vote on any matter upon
the written request of the Holders of 25% of the then Outstanding Preferred Trust Securities (based upon their aggregate Liquidation Amount) and the Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meeting
of Holders of Preferred Trust Securities to vote on any matters as to which the Holders of Preferred Trust Securities are entitled to vote. 
  
 Holders of at least a majority of the then Outstanding Preferred Trust Securities (based upon their aggregate Liquidation Amount), present in person or by
proxy, shall constitute a quorum at any meeting of Securityholders. 
  
 If a quorum is present at a meeting, an affirmative vote by the Holders of Preferred Trust Securities present, in person or by proxy, holding at least a majority of the then Outstanding Preferred Trust Securities (based upon their aggregate
Liquidation Amount) present, either in person or by proxy, at such meeting shall constitute the action of the Securityholders, unless this Trust Agreement requires a greater number of affirmative votes. 
  
 Section 6.04. Voting Rights. Securityholders shall be entitled to one
vote for each $25 of Liquidation Amount represented by their Outstanding Trust Securities in respect of any matter as to which such Securityholders are entitled to vote. 
  
 Section 6.05. Proxies, etc. At any meeting of Securityholders, any Securityholder entitled to vote thereat may vote
by proxy, provided that no proxy shall be voted at any meeting unless it shall have been placed on file with the Administrative Trustees, or with such other officer or agent of the Trust as the Administrative Trustees may direct, for verification
prior to the time at which such vote shall be taken. Only Securityholders of record shall be entitled to vote. When Trust Securities are held jointly by several Persons, any one of them may 
  

 -27- 

 vote at any meeting in person or by proxy in respect of such Trust Securities, but if more than one of them shall be
present at such meeting in person or by proxy, and such joint owners or their proxies so present disagree as to any vote to be cast, such vote shall not be received in respect of such Trust Securities. A proxy purporting to be executed by or on
behalf of a Securityholder shall be deemed valid unless challenged at or prior to its exercise, or, if earlier, until eleven months after it is sent and the burden of proving invalidity shall rest on the challenger. No proxy shall be valid more than
three years after its date of execution. 
  
 Section 6.06.
Securityholder Action by Written Consent. Any action which may be taken by Securityholders at a meeting may be taken without a meeting and without prior notice if Securityholders holding a majority of all Outstanding Trust Securities entitled to
vote in respect of such action (or such larger proportion thereof as shall be required by any express provision of this Trust Agreement) shall consent to the action in writing (based upon their aggregate Liquidation Amount). 
  
 Section 6.07. Record Date for Voting and Other Purposes. For the
purposes of determining the Securityholders who are entitled to notice of and to vote at any meeting or to vote by written consent without prior notice, or to participate in any Distribution on the Trust Securities in respect of which a record date
is not otherwise provided for in this Trust Agreement, or for the purpose of any other action, the Administrative Trustees may from time to time fix a date, not more than 90 days prior to the date of any meeting of Securityholders or the payment of
Distribution or other action including action to be taken by written consent, as the case may be, as a record date for the determination of the identity of the Securityholders of record for such purposes. 
  
 Section 6.08. Acts of Securityholders. Any request, demand,
authorization, direction, notice, consent, waiver or other action provided or permitted by this Trust Agreement to be given, made or taken by Securityholders may be embodied in and evidenced by one or more instruments of substantially similar tenor
signed by such Securityholders in person or by an agent duly appointed in writing; and, except as otherwise expressly provided herein, such action shall become effective when such instrument or instruments are delivered to the Administrative
Trustees. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Securityholders signing such instrument or instruments. Proof of execution of any such
instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Trust Agreement and (subject to Section 8.01) conclusive in favor of the Trustees, if made in the manner provided in this Section. 
  
 The fact and date of the execution by any Person of any such instrument or
writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgements of deeds, certifying that the individual signing such instrument or writing
acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the
execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which any Trustee deems sufficient. 
  

 -28- 

 The ownership of Preferred Trust Securities shall be proved by the Securities Register. 
  
 Any request, demand, authorization, direction, notice, consent, waiver or
other Act of the Securityholder of any Trust Security shall bind every future Securityholder of the same Trust Security and the Securityholder of every Trust Security issued upon the registration of transfer thereof or in exchange therefor or in
lieu thereof in respect of anything done, omitted or suffered to be done by the Trustees or the Trust in reliance thereon, whether or not notation of such action is made upon such Trust Security. 
  
 Without limiting the foregoing, a Securityholder entitled hereunder to take
any action hereunder with regard to any particular Trust Security may do so with regard to all or any part of the Liquidation Amount of such Trust Security or by one or more duly appointed agents each of which may do so pursuant to such appointment
with regard to all or any part of such Liquidation Amount. 
  
 If
any dispute shall arise between or among the Securityholders and the Administrative Trustees with respect to the authenticity, validity or binding nature of any request, demand, authorization, direction, consent, waiver or other Act of such
Securityholder or Trustee under this Article VI, then the determination of such matter by the Property Trustee shall be conclusive with respect to such matter. 
  

Section 6.09. Inspection of Records. Subject to Section 5.07 concerning access to the list of Securityholders, upon reasonable notice to the
Administrative Trustees and the Property Trustee, the other records of the Trust shall be open to inspection by Securityholders during normal business hours for any purpose reasonably related to such Securityholder’s interest as a
Securityholder. 
  
 ARTICLE III 
  
 Representations and Warranties of the Property 
 Trustee and the Delaware Trustee 
  
 Section 7.01. Property Trustee. The Property Trustee and any successor Property Trustee hereby represents and warrants for the benefit of the
Depositor and the Securityholders that: 
  
 (a) the Property
Trustee is a banking corporation, trust company or national association duly incorporated, validly existing and in good standing under the laws of the State of New York; 
  
 (b) the Property Trustee has full corporate power, authority and legal right to execute, deliver and perform its obligations
under this Trust Agreement and has taken all necessary action to authorize the execution, delivery and performance by it of this Trust Agreement; 
  
 (c) this Trust Agreement has been duly authorized, executed and delivered by the Property Trustee and constitutes the valid and legally binding agreement
of the Property 
  

 -29- 

 Trustee enforceable against it in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles; 
  
 (d) the execution, delivery and performance by the Property Trustee of this Trust Agreement will not violate, conflict with or constitute a breach of the
Property Trustee’s charter or by-laws; and 
  
 (e) the
execution, delivery and performance by the Property Trustee of this Trust Agreement does not require the consent or approval of, the giving of notice to, or the registration with any Federal or state banking authority having jurisdiction over its
trust powers. 
  
 Section 7.02. Delaware Trustee. The
Delaware Trustee and any successor Delaware Trustee represents and warrants for the benefit of the Depositor and the Securityholders that: 
  
 (a) the Delaware Trustee is a national association duly incorporated, validly existing and in good standing under the laws of the United States of
America; 
  
 (b) the Delaware Trustee has full corporate power,
authority and legal right to execute, deliver and perform its obligations under this Trust Agreement and has taken all necessary action to authorize the execution, delivery and performance by it of this Trust Agreement; 
  
 (c) this Trust Agreement has been duly authorized, executed and delivered by
the Delaware Trustee and constitutes the valid and legally binding agreement of the Delaware Trustee enforceable against it in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar
laws of general applicability relating to or affecting creditors’ rights and to general equity principles; 
  
 (d) the Delaware Trustee is a natural person who is a resident of the State of Delaware or, if not a natural person, an entity which has its principal
place of business in the State of Delaware and, in either case, a Person that satisfies for the Trust the requirements of Section 3807 of the Delaware Business Trust Act; 
  
 (e) the execution, delivery and performance by the Delaware Trustee of this Trust Agreement will not (i) violate the
Delaware Trustee’s charter or by-laws or (ii) violate any law, governmental rule or regulation of the State of Delaware or the United States of America governing the banking or trust powers of the Delaware Trustee or any order, judgment or
decree applicable to the Delaware Trustee; and 
  
 (f) the
execution, delivery and performance by the Delaware Trustee of this Trust Agreement does not require the consent or approval of, the giving of notice to, or the registration with any Federal or state banking authority having jurisdiction over its
banking or trust powers. 
  

 -30- 

 ARTICLE VIII 
  
 The Trustees 
  
 Section 8.01. Certain Duties and Responsibilities. (a) The rights, immunities, duties and responsibilities of the Trustees shall be restricted to
those set forth in the express provisions of this Trust Agreement and, in the case of the Property Trustee, as provided in the Trust Indenture Act, and no implied covenants or obligations shall be read into this Trust Agreement against any of the
Trustees. For purposes of Sections 315(a) and 315(c) of the Trust Indenture act, the term “default” is hereby defined as an Event of Default which has occurred and is continuing. Notwithstanding the foregoing, no provision of this Trust
Agreement shall require any of the Trustees to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable
grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. Whether or not therein expressly so provided, every provision of this Trust Agreement relating to the conduct or
affecting the liability of or affording protection to the Trustees shall be subject to the provisions of this Section. To the extent that, at law or in equity, an Administrative Trustee has duties (including fiduciary duties) and liabilities
relating thereto to the Trust or to the Securityholders, such Administrative Trustee shall not be liable to the Trust or to any Securityholder for such Trustee’s good faith reliance on the provisions of this Trust Agreement. The provisions of
this Trust Agreement, to the extent that they restrict the duties and liabilities of the Administrative Trustees otherwise existing at law or in equity, are agreed by the Depositor and the Securityholders to replace such other duties and liabilities
of the Administrative Trustees. 
  
 (b) All payments made by the
Property Trustee or a Paying Agent in respect of the Trust Securities shall be made only from the income and proceeds from the Trust Property and only to the extent that there shall be sufficient income or proceeds from the Trust Property to enable
the Property Trustee or Paying Agent to make payments in accordance with the terms hereof. Each Securityholder, by its acceptance of a Trust Security, agrees that it will look solely to the income and proceeds from the Trust Property to the extent
available for distribution to it as herein provided and that the Trustees are not personally liable to it for any amount distributable in respect of any Trust Security or for any other liability in respect of any Trust Security. This Section 8.01(b)
does not limit the liability of the Trustees expressly set forth elsewhere in this Trust Agreement or, in the case of the Property Trustee, in the Trust Indenture Act. 
  
 (c) All duties and responsibilities of the Property Trustee contained in this Trust Agreement are subject to the following:

  
 (i) the Property Trustee’s sole duty
with respect to the custody, safe keeping and physical preservation of the Trust Property shall be to deal with such property in a similar manner as the Property Trustee deals with similar property for its own account, subject to the protections,
exculpations and limitations on liability afforded to the Property Trustee under this Trust Agreement, the Trust Indenture Act, the Delaware Business Trust Act and, to the extent applicable, Rule 3a-7 under the Investment Company Act or any
successor rule thereunder; 
  

 -31- 

 (ii) the Property Trustee shall have no duty or liability for or with respect to the
value, genuineness, existence or sufficiency of the Trust Property or the payment of any taxes or assessments levied thereon or in connection therewith; 
  
 (iii) the Property Trustee shall not be liable for any interest on any money received by it except as it may otherwise agree with the
Depositor. Money held by the Property Trustee need not be segregated from other funds held by it except in relation to the Payment Account established by the Property Trustee pursuant to this Trust Agreement and except to the extent otherwise
required by law; and 
  
 (iv) the Property
Trustee shall not be responsible for monitoring the compliance by the Administrative Trustees or the Depositor with their respective duties under this Trust Agreement, nor shall the Property Trustee be liable for the default or misconduct of the
Administrative Trustees or the Depositor. 
  
 (d) The
Administrative Trustees shall not be responsible for monitoring the compliance by the other Trustees or the Depositor with their respective duties under this Trust Agreement, nor shall any Administrative Trustee be liable for the default or
misconduct of any other Administrative Trustee, the other Trustees or the Depositor. 
  
 Section 8.02. Notice of Defaults. (a) Within ninety (90) days after the occurrence of any default known to the Property Trustee, the Property Trustee shall transmit, in the manner and to the extent provided in
Section 10.08, notice of such default to the Securityholders, the Depositor, the Trust Securities Guarantor and the Administrative Trustees, unless such default shall have been cured or waived before the giving of such notice, provided that, except
in the case of a payment default, the Property Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors or Responsible Officers of the Property Trustee
in good faith determines that the withholding of such notice is in the interests of the Holders. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event
of Default. 
  
 (b) Within five Business Days after receipt of
notice of the Debenture Issuer’s exercise of its right to defer the payment of interest on the Debentures pursuant to the Subordinated Indenture, the Property Trustee shall transmit, in the manner and to the extent provided in Section 10.08,
notice of such exercise to the Securityholders and the Administrative Trustees, unless such exercise shall have been revoked. 
  
 Section 8.03. Certain Rights of Property Trustee. Subject to the provisions of Section 8.01 and except as provided by law: 
  
 (i) the Property Trustee may rely and shall be protected in
acting or refraining from acting in good faith upon any resolution, Opinion of Counsel, certificate, written representation of a Holder or transferee, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice,
request, 
  

 -32- 

 direction, consent, order, appraisal, bond, debenture, note, other evidence of indebtedness or other
paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties; 
  
 (ii) if (A) in performing its duties under this Trust Agreement the Property Trustee is required to decide between alternative courses of
action or (B) in construing any of the provisions in this Trust Agreement the Property Trustee finds the same ambiguous or inconsistent with any other provisions contained herein or (C) the Property Trustee is unsure of the application of any
provision of this Trust Agreement, then, except as to any matter as to which the Preferred Trust Securityholders are entitled to vote under the terms of this Trust Agreement, the Property Trustee shall deliver a notice to the Depositor requesting
written instructions of the Depositor as to the course of action to be taken. The Property Trustee shall take such action, or refrain from taking such action, as the Property Trustee shall be instructed in writing to take, or to refrain from taking,
by the Depositor; provided, however, that if the Property Trustee does not receive such instructions of the Depositor within ten Business Days after it has delivered such notice, or such reasonably shorter period of time set forth in such notice
(which to the extent practicable shall not be less than two Business Days), it may, but shall be under no duty to, take or refrain from taking such action not inconsistent with this Trust Agreement as it shall deem advisable and in the best
interests of the Securityholders, in which event the Property Trustee shall have no liability except for its own bad faith, negligence or willful misconduct; 
  

(iii) whenever in the administration of this Trust Agreement the Property Trustee shall deem it desirable that a matter be proved or
established prior to taking, suffering or omitting any action hereunder, the Property Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, request and rely upon an Officer’s Certificate
which, upon receipt of such request, shall be promptly delivered by the Depositor or the Administrative Trustees; 
  
 (iv) the Property Trustee may consult with counsel of its selection (which counsel may be counsel to the Property Trustee, Depositor or
the Trust Securities Guarantor or any of their Affiliates, and may include any of their employees) and the written advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action
taken, suffered or omitted by it hereunder in good faith and in reliance thereon and in accordance with such advice; 
  
 (v) the Property Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Trust Agreement at the
request or direction of any Securityholder pursuant to this Trust Agreement, unless such Securityholder shall have offered to the Property Trustee reasonable security or indemnity against the costs, expenses (including reasonable attorneys’
fees and expenses) and liabilities which might be incurred by it in complying with such request or direction; provided that, nothing contained in this Section 8.03(v) shall 
  

 -33- 

 be taken to relieve the Property Trustee, upon the occurrence of an Event of Default, of its obligation
to exercise the rights and powers vested in it by this Trust Agreement; 
  
 (vi) the Property Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent,
order, approval, bond, debenture, note or other evidence of indebtedness or other paper or document, but the Property Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if
the Property Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Depositor personally or by agent or attorney; 
  
 (vii) the Property Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either directly or by or through its agents or attorneys, and the Property Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due
care by it hereunder; 
  
 (viii) the Property
Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Trust Agreement; 

 
 (ix) the Property Trustee shall not be charged with
knowledge of any default or Event of Default with respect to the Trust Securities unless either (A) a Responsible Officer of the Property Trustee shall have actual knowledge of the default or Event of Default or (B) written notice of such default or
Event of Default shall have been given to the Property Trustee by the Depositor, the Administrative Trustees or by any Holder of the Trust Securities; 
  
 (x) no provision of this Trust Agreement shall be deemed to impose any duty or obligation on the Property Trustee to perform any act or
acts or exercise any right, power, duty or obligation conferred or imposed on it in any jurisdiction in which it shall be illegal, or in which the Property Trustee shall be unqualified or incompetent in accordance with applicable law, to perform any
such act or acts or to exercise any such right, power, duty or obligation; and no permissive or discretionary power or authority available to the Property Trustee shall be construed to be a duty; 
  
 (xi) no provision of this Trust Agreement shall require the
Property Trustee to expend or risk its own funds or otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if the Property Trustee shall have reasonable grounds for
believing that the repayment of such funds or liability is not reasonably assured to 
  

 -34- 

 it under the terms of this Trust Agreement or adequate indemnity against such risk or liability is not
reasonably assured to it; 
  
 (xii) the Property
Trustee shall have no duty to see to any recording, filing or registration of any instrument (including any financing or continuation statement or any tax or securities form) (or any rerecording, refiling or reregistration thereof); 
  
 (xiii) the Property Trustee shall have the right at any time
to seek instructions concerning the administration of this Trust Agreement from any court of competent jurisdiction; 
  
 (xiv) whenever in the administration of this Trust Agreement the Property Trustee shall deem it desirable to receive instructions with
respect to enforcing any remedy or right or taking any other action hereunder, the Property Trustee (A) may request instructions from the Holders of the Trust Securities, which instructions may only be given by the Holders of the same Liquidation
Amount of the Trust Securities as would be entitled to direct the Property Trustee under the terms of this Trust Agreement in respect of such remedies, rights or actions, (B) may refrain from enforcing such remedy or right or taking such other
action until such instructions are received, and (C) shall be protected in acting in accordance with such instructions; and 
  
 (xv) unless otherwise expressly provided herein, any direction or act of the Depositor contemplated by this Trust Agreement shall be
sufficiently evidenced by an Officers’ Certificate. 
  
 Section 8.04. Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Trust, and the Trustees do not assume any
responsibility for their correctness. The Trustees make no representations as to the title to, or value or condition of, the property of the Trust or any part thereof, nor as to the validity or sufficiency of this Trust Agreement, the Debentures or
the Trust Securities. The Trustees shall not be accountable for the use or application by the Trust of the proceeds of the Trust Securities. 
  
 Section 8.05. May Hold Securities. Any Trustee or any agent of any Trustee or the Trust, in its individual or any other capacity, may become the
owner or pledgee of Trust Securities and, subject to Sections 8.08 and 8.13, and except as provided in the definition of the term “Outstanding” in Article I, may otherwise deal with the Trust with the same rights it would have if it were
not a Trustee or such agent. 
  
 Section 8.06. Compensation;
Fees; Indemnity. The Depositor agrees: 
  
 (i) to pay to the Trustees from time to time such reasonable compensation as shall be agreed in writing with the Depositor for all services rendered by the Trustees hereunder (which compensation shall not be limited by any provision of law
in regard to the compensation of a trustee of an express trust); 
  

 -35- 

 (ii) except as otherwise expressly provided herein, to reimburse the Trustees upon
request for all reasonable expenses, disbursements and advances reasonably incurred or made by the Trustees in accordance with any provision of this Trust Agreement (including the reasonable compensation and the expenses and disbursements of their
agents and counsel), except any such expense, disbursement or advance as may be attributable to their negligence (gross negligence, in the case of any Administrative Trustee), bad faith or willful misconduct; and 
  
 (iii) to the fullest extent permitted by applicable law, to
indemnify each Trustee for, and to hold each Trustee harmless against, any and all loss, damage, claims, liability or expense incurred without negligence (gross negligence, in the case of any Administrative Trustee or the Delaware Trustee), bad
faith or willful misconduct on its part, arising out of or in connection with the acceptance or administration of the trust or trusts under this Trust Agreement, including the reasonable costs and expenses of defending itself against any claim or
liability in connection with the exercise or performance of any of its powers or duties hereunder. 
  
 No Trustee may claim any Lien or charge on any Trust Property as a result of any amount due pursuant to this Section 8.06. 
  
 In addition to the rights provided to each Trustee pursuant to the provisions
of the immediately preceding paragraph of this Section 8.06 and without prejudice to any rights available to the Trustees under applicable law, when a Trustee incurs expenses or renders services in connection with an Event of Default resulting from
a Bankruptcy Event with respect to the Trust, the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable Federal or
State bankruptcy, insolvency or other similar law. 
  
 The
provisions of this Section 8.06 shall survive the termination of this Trust Agreement. 
  
 Section 8.07. Certain Trustees Required; Eligibility. (a) There shall at all times be a Property Trustee hereunder with respect to the Trust Securities. The Property Trustee shall be a Person that has a
combined capital and surplus of at least $50,000,000. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section, the
combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Property Trustee with respect to the Trust Securities shall cease
to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article VIII. 
  
 (b) There shall at all times be one or more Administrative Trustees hereunder with respect to the Trust Securities. Each
Administrative Trustee shall be either a natural person 
  

 -36- 

 who is at least 21 years of age or a legal entity that shall act through one or more persons authorized to bind such
entity. 
  
 (c) There shall at all times be a Delaware Trustee
with respect to the Trust Securities. The Delaware Trustee shall either be (i) a natural person who is at least 21 years of age and a resident of the State of Delaware or (ii) a legal entity with its principal place of business in the State of
Delaware that otherwise meets the requirements of applicable Delaware law and that shall act through one or more persons authorized to bind such entity. 
  
 Section 8.08. Conflicting Interests. If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture
Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement. The Subordinated Indenture and the securities
of any series issued thereunder and the Trust Securities Guarantee Agreement shall be deemed to be specifically described in this Trust Agreement for the purposes of clause (i) of the first proviso contained in Section 310(b) of the Trust Indenture
Act. 
  
 Section 8.09. Co-Trustees and Separate Trustee. At
any time or times, for the purpose of meeting the legal requirements of the Trust Indenture Act or of any jurisdiction in which any part of the Trust Property may at the time be located, the Depositor and the Administrative Trustees, by agreed
action of the majority of such Trustees (except as provided in the following sentence), shall have power to appoint, and upon the written request of the Administrative Trustees, the Depositor shall for such purpose join with the Administrative
Trustees in the execution, delivery, and performance of all instruments and agreements necessary or proper to appoint, one or more Persons approved by the Property Trustee either to act as co-trustee, jointly with the Property Trustee, of all or any
part of such Trust Property, or to act as separate trustee of any such property, in either case with such powers as may be provided in the instrument of appointment, and to vest in such Person or Persons in the capacity aforesaid, any property,
title, right or power deemed necessary or desirable, subject to the other provisions of this Section. If the Depositor does not join in such appointment within 15 days after the receipt by it of a request so to do, or in case a Debenture Event of
Default has occurred and is continuing, the Property Trustee alone shall have power to make such appointment. 
  
 Should any written instrument from the Depositor be required by any co-trustee or separate trustee so appointed for more fully confirming to such
co-trustee or separate trustee such property, title, right, or power, any and all such instruments shall, on request, be executed, acknowledged, and delivered by the Depositor. 
  
 Every co-trustee or separate trustee shall, to the extent permitted by law, but to such extent only, be appointed subject to
the following terms, namely: 
  
 (1) The Trust
Securities shall be executed and delivered and all rights, powers, duties, and obligations hereunder in respect of the custody of securities, cash and other personal property held by, or required to be deposited or pledged with, the Trustees
designated for such purpose hereunder, shall be exercised, solely by such Trustees. 
  

 -37- 

 (2) The rights, powers, duties, and obligations hereby conferred or imposed upon the
Property Trustee in respect of any property covered by such appointment shall be conferred or imposed upon and exercised or performed by the Property Trustee or by the Property Trustee and such co-trustee or separate trustee jointly, as shall be
provided in the instrument appointing such co-trustee or separate trustee, except to the extent that under any law of any jurisdiction in which any particular act is to be performed, the Property Trustee shall be incompetent or unqualified to
perform such act, in which event such rights, powers, duties, and obligations shall be exercised and performed by such co-trustee or separate trustee. 
  
 (3) The Property Trustee at any time, by an instrument in writing executed by it, with the written concurrence of the Depositor, may
accept the resignation of or remove any co-trustee or separate trustee appointed under this Section 8.09, and, in case a Debenture Event of Default has occurred and is continuing, the Property Trustee shall have power to accept the resignation of,
or remove, any such co-trustee or separate trustee without the concurrence of the Depositor. Upon the written request of the Property Trustee, the Depositor shall join with the Property Trustee in the execution, delivery, and performance of all
instruments and agreements necessary or proper to effectuate such resignation or removal. A successor to any co-trustee or separate trustee so resigned or removed may be appointed in the manner provided in this Section. 
  
 (4) No co-trustee or separate trustee hereunder shall be
personally liable by reason of any act or omission of any Trustee, or any other such trustee hereunder. 
  
 (5) The Property Trustee shall not be liable by reason of any act of a co-trustee or separate trustee hereunder. 
  
 (6) Any Act of Holders delivered to the Property Trustee
shall be deemed to have been delivered to each such co-trustee and separate trustee. 
  
 Section 8.10. Resignation and Removal; Appointment of Successor. No resignation or removal of any Trustee (as the case may be, the “Relevant Trustee”) and no appointment of a successor Relevant
Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Relevant Trustee in accordance with the applicable requirements of Section 8.11. 
  
 The Relevant Trustee may resign at any time by giving written notice thereof
to the Securityholders, the Depositor and the other Trustees, except that notice is only required to be delivered to the Securityholders in the event that the Property Trustee or the Delaware Trustee is the resigning Relevant Trustee. If the
instrument of acceptance by a successor Relevant Trustee required by Section 8.11 shall not have been delivered to the resigning Relevant Trustee within 30 days after the giving of such notice of resignation, the resigning Relevant Trustee may
petition any court of competent jurisdiction for the appointment of a successor Relevant Trustee. 
  
 Unless a Debenture Event of Default shall have occurred and be continuing, the Relevant Trustee may be removed at any time by Act of the Common Trust
Securityholder. If a Debenture Event of Default shall have occurred and be continuing, the Property Trustee or the 
  

 -38- 

 Delaware Trustee, or both of them, may be removed at such time by Act of the Holders of a majority of the aggregate
Liquidation Amount of the Outstanding Preferred Trust Securities, delivered to the Relevant Trustee (in its individual capacity and on behalf of the Trust). An Administrative Trustee may be appointed, replaced or removed solely by the Common Trust
Securityholder at any time. 
  
 If the Relevant Trustee shall
resign, be removed or become incapable of continuing to act as Relevant Trustee at a time when no Debenture Event of Default shall have occurred and be continuing, the Common Trust Securityholder, by Act of the Common Trust Securityholder delivered
to the retiring Relevant Trustee, shall promptly appoint a successor Relevant Trustee or Trustees, and the retiring Relevant Trustee shall comply with the applicable requirements of Section 8.11. If the Property Trustee or the Delaware Trustee shall
resign, be removed or become incapable of continuing to act as the Property Trustee or the Delaware Trustee, as the case may be, at a time when a Debenture Event of Default shall have occurred and be continuing, the Preferred Trust Securityholders,
by Act of the Preferred Trust Securityholders of a majority in aggregate Liquidation Amount of the Outstanding Preferred Trust Securities delivered to such retiring Trustee, shall promptly appoint a successor Relevant Trustee or Trustees, and such
successor shall comply with the applicable requirements of Section 8.11. If an Administrative Trustee shall resign, be removed or become incapable of acting as Administrative Trustee, at a time when a Debenture Event of Default shall have occurred
and be continuing, the Common Securityholder by Act of the Common Securityholder delivered to the Administrative Trustees shall promptly appoint a successor Administrative Trustee or Trustees and such successor Administrative Trustee or Trustees
shall comply with the applicable requirements of Section 8.11. If no successor Relevant Trustee shall have been so appointed by the Common Trust Securityholders or the Preferred Trust Securityholders and accepted appointment in the manner required
by Section 8.11, any Securityholder who has been a Securityholder of Trust Securities for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a
successor Relevant Trustee. 
  
 The Property Trustee shall give
notice of each resignation and each removal of a Property Trustee or Delaware Trustee and each appointment of a successor to such Trustee to all Securityholders in the manner provided in Section 10.08 and shall give notice to the Depositor. Such
notice shall include the name of the successor Relevant Trustee and the address of its Corporate Trust Office if it is the Property Trustee. 
  
 Notwithstanding the foregoing or any other provision of this Trust Agreement, in the event any Administrative Trustee or a Delaware Trustee who is a
natural person dies or becomes in the opinion of the Depositor, incompetent or incapacitated, the vacancy created by such death, incompetence or incapacity may be filled by (i) the unanimous act of remaining Administrative Trustees if there are at
least two of them or (ii) otherwise by the Depositor (with the successor in each case being an individual who satisfies the eligibility requirements for Administrative Trustees or Delaware Trustee, as the case may be, set forth in Section 8.07).
Additionally, notwithstanding the foregoing or any other provision of this Trust Agreement, in the event the Depositor reasonably believes that any Administrative Trustee who is a natural person has become incompetent or incapacitated, the
Depositor, by notice to the remaining 
  

 -39- 

 Trustees, may terminate the status of such Person as an Administrative Trustee (in which case the vacancy so created will
be filled in accordance with the preceding sentence). 
  
 No
Trustee shall be liable for the acts or omissions to act of any successor Trustee. 
  
 Section 8.11. Acceptance of Appointment by Successor. In case of the appointment hereunder of a successor Relevant Trustee, the retiring Relevant Trustee (if requested by the Depositor) and each successor
Trustee shall execute and deliver an amendment hereto wherein each successor Relevant Trustee shall accept such appointment and which shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each
successor Relevant Trustee all the rights, powers, trusts and duties of the retiring Relevant Trustee and upon the execution and delivery of such amendment the resignation or removal of the retiring Relevant Trustee shall become effective to the
extent provided therein and each such successor Relevant Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Relevant Trustee; but, on request of the Trust or any
successor Relevant Trustee such retiring Relevant Trustee shall, upon payment of all sums owed to it, duly assign, transfer and deliver to such successor Trustee all Trust Property, all proceeds thereof and money held by such retiring Relevant
Trustee hereunder with respect to the Trust Securities and the Trust. 
  
 Upon request of any such successor Relevant Trustee, the retiring Relevant Trustee shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Relevant Trustee all such rights, powers and
trusts referred to in the preceding paragraph. 
  
 No successor
Relevant Trustee shall accept its appointment unless at the time of such acceptance such successor Relevant Trustee shall be qualified and eligible under this Article VIII. 
  
 Section 8.12. Merger, Conversion, Consolidation or Succession to Business. Any Person into which the Property Trustee
or the Delaware Trustee or any Administrative Trustee that is not a natural person may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which such Relevant Trustee
shall be a party, or any Person succeeding to all or substantially all the corporate trust business of such Relevant Trustee, shall be the successor of such Relevant Trustee hereunder, provided such Person shall be otherwise qualified and eligible
under this Article VIII, without the execution or filing of any paper, the giving of any notice or any further act on the part of any of the parties hereto. 
  
 Section 8.13. Preferential Collection of Claims Against Depositor or Trust. If and when the Property Trustee shall be or become a creditor of the
Depositor or the Trust (or any other obligor upon the Debentures or the Trust Securities), the Property Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Depositor or Trust (or any
such other obligor). 
  

 -40- 

 Section 8.14. Reports by Property Trustee. (a) The Property Trustee shall transmit to
Securityholders such reports concerning the Property Trustee and its actions under this Trust Agreement as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. Such of those reports as are
required to be transmitted by the Property Trustee pursuant to Section 313(a) of the Trust Indenture Act shall be dated as of the next preceding November 15, and shall be transmitted no later than November 15 of each year, commencing November 15,
200    . 
  
 (b) A copy of each such
report shall, at the time of such transmission to Holders, be filed by the Property Trustee with each national exchange, the Nasdaq National Market or such other interdealer quotation system or self-regulatory organization upon which the Trust
Securities are listed or traded, if any, with the Commission and with the Depositor. The Depositor will notify the Property Trustee of any such listing or trading. 
  
 Section 8.15. Reports to the Property Trustee. The Depositor and the Administrative Trustees on behalf of the Trust
shall provide to the Property Trustee such documents, reports and information, if any, and the compliance certificate required by Section 314(a)(4) of the Trust Indenture Act, in the form, in the manner and at the times required by Section 314 of
the Trust Indenture Act, provided that such compliance certificate shall be delivered annually on or before                      in each year,
beginning                         . Delivery of such reports, information and documents by the Depositor to the Property
Trustee is for informational purposes only and the Property Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the
Depositor’s compliance with any of its covenants hereunder (as to which the Property Trustee is entitled to rely exclusively on Officer’s Certificates). 
  
 Section 8.16. Evidence of Compliance With Conditions Precedent. Each of the Depositor and the Administrative Trustees
on behalf of the Trust shall provide to the Property Trustee such evidence of compliance with any conditions precedent, if any, provided for in this Trust Agreement (including any covenants compliance with which constitutes a condition precedent)
that relate to any of the matters set forth in Section 314(c) of the Trust Indenture Act. Any certificate or opinion required to be given by an officer pursuant to Section 314(c)(1) of the Trust Indenture Act may be given in the form of an
Officer’s Certificate. 
  
 Section 8.17. Number of
Trustees. (a) The number of Trustees shall be five, provided that the Depositor, by written instrument, may increase or decrease the number of Administrative Trustees. 
  
 (b) If a Trustee ceases to hold office for any reason and the number of Administrative Trustees is not reduced pursuant to
Section 8.17(a), or if the number of Trustees is increased pursuant to Section 8.17(a), a vacancy shall occur. The vacancy shall be filled with a Trustee appointed in accordance with Section 8.10. 
  
 (c) The death, resignation, retirement, removal, bankruptcy, incompetence or
incapacity to perform the duties of a Trustee shall not operate to annul, dissolve or terminate the Trust. Whenever a vacancy in the number of Administrative Trustees shall occur, until such vacancy is filled by the appointment of an Administrative
Trustee in accordance with Section 
  

 -41- 

 8.10, the Administrative Trustees in office, regardless of their number (and notwithstanding any other provision of this
Agreement), shall have all the powers granted to the Administrative Trustees and shall discharge all the duties imposed upon the Administrative Trustees by this Trust Agreement. 
  
 Section 8.18. Delegation of Power. (a) Any Administrative Trustee may, by power of attorney consistent with
applicable law, delegate to any other natural person over the age of 21 his or her power for the purpose of executing any documents contemplated in Sections 2.07(a) and 2.07(c), including any registration statement or amendment thereto filed with
the Commission, or making any other governmental filing; and 
  
 (b) the Administrative Trustees shall have power to delegate from time to time to such of their number the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative
Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trust, as set forth herein. 
  
 Section 8.19. Fiduciary Duty. (a) To the extent that, at law or in
equity, an Indemnified Person has duties (including fiduciary duties) and liabilities relating thereto to the Trust or to any other Covered Person, an Indemnified Person acting under this Trust Agreement shall not be liable to the Trust or to any
other Covered Person for its good faith reliance on the provisions of this Trust Agreement. The provisions of this Trust Agreement, to the extent that they restrict the duties and liabilities of an Indemnified Person otherwise existing at law or in
equity (other than the duties imposed on the Property Trustee under the Trust Indenture Act), are agreed by the parties hereto to replace such other duties and liabilities of such Indemnified Person; 
  
 (b) Unless otherwise expressly provided herein and subject to the provisions
of the Trust Indenture Act: 
  
 (i) whenever a
conflict of interest exists or arises between an Indemnified Person and any Covered Person; or 
  
 (ii) whenever this Trust Agreement or any other agreement contemplated herein or therein provides that an Indemnified Person shall act in
a manner that is, or provides terms that are, fair and reasonable to the Trust or any Holder of Trust Securities, the Indemnified Person shall resolve such conflict of interest, take such action or provide such terms, considering in each case the
relative interest of each party (including its own interest) to such conflict, agreement, transaction or situation and the benefits and burdens relating to such interests, any customary or accepted industry practices, and any applicable generally
accepted accounting practices or principles. In the absence of bad faith by the Indemnified Person, the resolution, action or term so made, taken or provided by the Indemnified Person shall not constitute a breach of this Trust Agreement or any
other agreement contemplated herein or of any duty or obligation of the Indemnified Person at law or in equity or otherwise; and 
  

 -42- 

 (c) Unless otherwise expressly provided herein and subject to the provisions of the Trust Indenture Act,
whenever in this Trust Agreement an Indemnified Person is permitted or required to make a decision 
  
 (i) in its “discretion” or under a grant of similar authority, the Indemnified Person shall be entitled to consider such
interests and factors as it reasonably desires, including its own interests, and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Trust or any other Person; or 
  
 (ii) in its “good faith” or under another express
standard, the Indemnified Person shall act under such express standard and shall not be subject to any other or different standard imposed by this Trust Agreement or by applicable law. 
  
 Section 8.20. Delaware Trustee. It is expressly understood and agreed by the parties hereto that in fulfilling its
obligations as Delaware Trustee hereunder on behalf of the Trust (i) any agreements or instruments executed and delivered by [Chase Manhattan Bank USA, National Association] are executed and delivered not in its individual capacity but solely as
Delaware Trustee under this Trust Agreement in the exercise of the powers and authority conferred and vested in it, (ii) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as
representations, warrants, covenants, undertakings and agreements by [Chase Manhattan Bank USA, National Association] in its individual capacity but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances
shall [Chase Manhattan Bank USA, National Association] in its individual capacity be personally liable for the payment of any indebtedness or expenses of the Trust or be liable for the breach or failure of any obligation, representation, warranty or
covenant made or undertaking by the Trust under this Trust Agreement, except if such breach or failure is due to any gross negligence or willful misconduct of the Delaware Trustee. 
  
 ARTICLE IX 
  
 Dissolution and Liquidation 
  
 Section 9.01. Dissolution Upon Expiration Date. Unless earlier dissolved, the Trust shall automatically dissolve on December 31,
20     (the “Expiration Date”) and the Trustees shall take such action as is required by Section 9.04. 
  
 Section 9.02. Early Dissolution. Upon the first to occur of any of the following events (such first occurrence, an “Early Termination
Event”): 
  
 (i) the occurrence of a
Bankruptcy Event in respect of, or the dissolution or liquidation of, the Depositor; 
  
 (ii) the redemption of all of the Preferred Trust Securities; 
  
 (iii) an order for judicial dissolution of the Trust having been entered by a court of competent
jurisdiction; 
  

 -43- 

 (iv) the election by the Depositor to dissolve the Trust and, after satisfaction of
liabilities to creditors of the Trust, distribute the Debentures to the Holders of Preferred Trust Securities in liquidation of the Trust; 
  
 the Trust shall dissolve and the Trustees shall take such action as is required by Section 9.04. 
  
 Section 9.03. Termination. The respective obligations and responsibilities of the Trust and the Trustees created
hereby shall terminate upon the latest to occur of the following: (i) the distribution by the Property Trustee to Securityholders upon the liquidation of the Trust pursuant to Section 9.04, or upon the redemption of all of the Trust Securities
pursuant to Section 4.02 or 9.04(d), of all amounts required to be distributed hereunder upon the final payment of the Trust Securities; (ii) the payment of any expenses owed by the Trust; and (iii) the discharge of all administrative duties of the
Administrative Trustees, including the performance of any tax reporting obligations with respect to the Trust or the Securityholders. 
  
 Section 9.04. Liquidation. (a) Upon the Expiration Date or if an Early Termination Event specified in clause (i), (iii) or (iv) of Section 9.02
occurs, after satisfaction of creditors of the Trust, if any, as provided by applicable law, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be appropriate by distributing to each
Securityholder a Like Amount of Debentures, subject to Section 9.04(e). Notice of liquidation shall be given by the Administrative Trustees by first-class mail, postage prepaid, mailed not later than 30 nor more than 60 days prior to the Liquidation
Date to each Holder of Trust Securities at such Holder’s address appearing in the Securities Register. All notices of liquidation shall: 
  
 (i) state the Liquidation Date; 
  
 (ii) state that from and after the Liquidation Date, the Trust Securities will no longer be deemed to be Outstanding and any Trust
Securities Certificates not surrendered for exchange will be deemed to represent a Like Amount of Debentures; and 
  
 (iii) provide such information with respect to the mechanics by which Holders may exchange Trust Securities Certificates for Debentures,
or, if Section 9.04(e) applies, receive a Liquidation Distribution, as the Administrative Trustees or the Property Trustee shall deem appropriate. 
  
 (b) Except where Sections 9.02(ii), 9.04(d) or 9.04(e) apply, in order to effect the liquidation of the Trust hereunder, and any resulting distribution of
the Debentures to Securityholders, the Administrative Trustees shall establish a record date for such distribution (which shall be not more than 45 days prior to the Liquidation Date) and, either itself acting as exchange agent or through the
appointment of a separate exchange agent, shall establish such procedures as it shall deem appropriate to effect the distribution of Debentures in exchange for the Outstanding Trust Securities Certificates. 
  
 (c) Except where Sections 9.02(ii), 9.04(d) or 9.04(e) apply, after any
Liquidation Date, (i) the Trust Securities will no longer be deemed to be Outstanding, (ii) certificates representing a Like Amount of Debentures will, after satisfaction of liabilities to 
  

 -44- 

 creditors of the Trust, if any, as provided by applicable law, be issued to Holders of Trust Securities Certificates,
upon surrender of such Trust Securities Certificates to the Administrative Trustees or their agent for exchange, (iii) any Trust Securities Certificates not so surrendered for exchange will be deemed to represent a Like Amount of Debentures,
accruing interest at the rate provided for in the Debentures from the last Distribution Date on which a Distribution was made on such Trust Securities Certificates until such Trust Securities Certificates are so surrendered (and until such Trust
Securities Certificates are so surrendered, no payments or interest or principal will be made to Holders of Trust Securities Certificates with respect to such Debentures) and (iv) all rights of Securityholders holding Trust Securities will cease,
except the right of such Securityholders to receive, after satisfaction of liabilities to creditors of the Trust, if any, as provided by applicable law, Debentures upon surrender of Trust Securities Certificates. 
  
 (d) If at any time, a Tax Event shall occur and be continuing, and either (i)
in the Opinion of Counsel to the Depositor experienced in such matters, there would in all cases, after effecting the dissolution of the Trust, after satisfaction of liabilities to creditors of the Trust, if any, as provided by applicable law, and
the distribution of the Debentures to the Holders of the Preferred Trust Securities in exchange therefor, be more than an insubstantial risk that an Adverse Tax Consequence would continue to exist or (ii) the Debentures are not held by the Trust,
then the Depositor shall have the right to redeem the Debentures, in whole but not in part, at any time within 90 days following the occurrence of the Tax Event. Whether or not a Tax Event has occurred, the Depositor has the right, at any time, to
dissolve the Trust and, after satisfaction of liabilities to creditors of the Trust, if any, as provided by applicable law, cause the Debentures to be distributed to the Holders of the Preferred Trust Securities and Common Trust Securities in
liquidation of the Trust on a pro rata basis. [Add Provisions to substitute Treasury Securities if securities are issued in connection with Stock Purchase Units] 
  
 (e) In the event that, notwithstanding the other provisions of this Section 9.04, whether because of an order for
dissolution entered by a court of competent jurisdiction or otherwise, distribution of the Debentures in the manner provided herein is determined by the Property Trustee not to be practical, the Trust Property shall be liquidated, and the Trust
shall be wound-up, by the Property Trustee in such manner as the Property Trustee determines. In such event, Securityholders will be entitled to receive out of the assets of the Trust available for distribution to Securityholders, after satisfaction
of liabilities to creditors of the Trust, if any, as provided by applicable law, an amount equal to the Liquidation Amount per Trust Security plus accumulated and unpaid Distributions thereon to the date of payment (such amount being the
“Liquidation Distribution”). If, upon any such winding up, the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then, subject to
the next succeeding sentence, the amounts payable by the Trust on the Trust Securities shall be paid on a pro rata basis (based upon Liquidation Amounts). The Holder of Common Trust Securities will be entitled to receive Liquidation Distributions
upon any such winding-up pro rata (determined as aforesaid) with Holders of Preferred Trust Securities, except that, if a Debenture Event of Default (or event that with the lapse of time or giving of notice would become an Event of Default) has
occurred and is continuing, the Preferred Trust Securities shall have a priority over the Common Trust Securities. 
  

 -45- 

 Section 9.05. Mergers, Consolidations, Amalgamations or Replacements of the Trust. The Trust may
not merge, consolidate, amalgamate with or into, or be replaced by, or convey, transfer or lease its properties and assets substantially as an entirety to any other Person, except pursuant to this Article IX. At the request of the Depositor, with
the consent of the Administrative Trustees and without the consent of the Holders of at least a majority in Liquidation Amount of the Preferred Trust Securities, the Property Trustee or the Delaware Trustee, the Trust may merge, consolidate,
amalgamate, with or into, or be replaced by or convey, transfer or lease its properties and assets substantially as an entirety to a trust organized as such under the laws of any State; provided, that (i) such successor entity either (a) expressly
assumes all of the obligations of the Trust with respect to the Preferred Securities or (b) substitutes for the Preferred Trust Securities other securities having substantially the same terms as the Preferred Trust Securities (the “Successor
Securities”) so long as the Successor Securities rank the same as the Preferred Trust Securities rank in priority with respect to distributions and payments upon liquidation, redemption and otherwise, (ii) a trustee of such successor entity
possessing substantially the same powers and duties as the Property Trustee is appointed to hold the Debentures, (iii) the Successor Securities are listed or traded, or any Successor Securities will be listed upon notification of issuance, on any
national securities exchange or other organization on which the Preferred Trust Securities are then listed or traded, if any, (iv) such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease does not cause the Preferred
Trust Securities (including any Successor Securities) to be downgraded by any nationally recognized statistical rating organization, (v) such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease does not adversely affect
the rights, preferences and privileges of the holders of the Preferred Securities (including any Successor Securities) in any material respect, (vi) such successor entity has a purpose substantially identical to that of the Trust, (vii) prior to
such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease, the Depositor has received an Opinion of Counsel to the effect that (a) such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease does
not adversely affect the rights, preferences and privileges of the holders of the Preferred Securities (including any Successor Securities) in any material respect, and (b) following such merger, consolidation, amalgamation, replacement, conveyance,
transfer or lease, neither the Trust nor such successor entity will be required to register as an investment company under the Investment Company Act and (viii) the Depositor or its permitted transferee owns all of the common securities of such
successor entity and guarantees the obligations of such successor entity under the Successor Securities at least to the extent provided by the guarantee. Notwithstanding the foregoing, the Trust shall not, except with the consent of Holders of all
the Preferred Trust Securities, consolidate, amalgamate or merge with or into, or be replaced by or convey, transfer or lease its properties and assets substantially as an entirety to any other Person or permit any other Person to consolidate,
amalgamate or merge with or into, or replace it if such consolidation, amalgamation, merger, replacement, conveyance, transfer or lease would cause the Trust or the successor entity to be classified as other than a grantor trust for United States
federal income tax purposes. 
  

 -46- 

 ARTICLE X 
  

Miscellaneous Provisions 
  
 Section 10.01. Payment of Expenses of the Trust. Pursuant to Article Three of the Supplemental Indenture No. 1 to the Indenture, the Trust
Securities Guarantor has agreed to pay to the Trust, and reimburse the Trust for, the full amount of any costs, expenses or liabilities of the Trust (other than obligations of the Trust to pay the Holders of any Preferred Securities or Common
Securities), including, without limitation, any taxes, duties or other governmental charges of whatever nature (other than withholding taxes) imposed on the Trust by the United States or any other taxing authority. Such payment obligation includes
any such costs, expenses or liabilities of the Trust that are required by applicable law to be satisfied in connection with a termination of the Trust. 
  
 Section 10.02. Limitation of Rights of Securityholders. The death, incapacity, bankruptcy, dissolution or termination of any Person having an
interest, beneficial or otherwise, in a Trust Security shall not operate to terminate this Trust Agreement, nor dissolve, terminate or annul the Trust, nor entitle the legal representatives or heirs of such Person or any Securityholder for such
Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of
them. 
  
 Section 10.03. Amendment. (a) In addition to
amendments contemplated by Section 8.11, this Trust Agreement may be amended from time to time by a majority of the Administrative Trustees, the Property Trustee and the Depositor, without the consent of any Securityholders, (i) to cure any
ambiguity, correct or supplement any provision herein or therein which may be inconsistent with any other provision herein or therein, or to make any other provisions with respect to matters or questions arising under this Trust Agreement, (ii) to
change the name of the Trust or (iii) to modify, eliminate or add to any provisions of this Trust Agreement to such extent as shall be necessary to ensure that the Trust will not be classified for United States Federal income tax purposes other than
as a “grantor trust” at any time that any Trust Securities are outstanding or to ensure the Trust’s exemption from the status of an “investment company” under the Investment Company Act; provided, however, that such action
shall not adversely affect in any material respect the interests of any Securityholder and, in the case of clause (i), any such amendments of this Trust Agreement shall become effective when notice thereof is given to the Securityholders.

  
 (b) Except as provided in Sections 6.01(c) and 10.03(c), any
provision of this Trust Agreement may be amended by the Administrative Trustees, the Property Trustee and the Depositor with (i) the consent of Holders of Trust Securities representing not less than a majority (based upon Liquidation Amounts) of the
Outstanding Trust Securities and (ii) receipt by the Trustees of an Opinion of Counsel to the effect that such amendment or the exercise of any power granted to the Trustees in accordance with such amendment will not affect the Trust’s status
as a grantor trust for Federal income tax purposes or the Trust’s exemption from status as an “investment company” under the Investment Company Act. 
  

 -47- 

 (c) In addition to and notwithstanding any other provision in this Trust Agreement, without the consent
of each affected Securityholder, this Trust Agreement may not be amended to (i) adversely change the amount or timing of any Distribution on the Trust Securities or otherwise adversely affect the amount of any Distribution required to be made in
respect of the Trust Securities as of a specified date or (ii) restrict the right of a Securityholder to institute suit for the enforcement of any such payment on or after such date. 
  
 (d) Notwithstanding any other provisions of this Trust Agreement, no amendment to this Trust Agreement may be made if, as a
result of such amendment, the Trust would not be classified as a “grantor trust” for United States Federal income tax purposes or would to fail or cease to qualify for the exemption from status of an “investment company” under
the Investment Company Act afforded by Rule 3a-5 thereunder. 
  
 (e) Notwithstanding anything in this Trust Agreement to the contrary, the Depositor and the Trustees may, but shall not be obligated to, enter into any amendment which imposes any additional obligation on the Depositor or any Trustee or, in
the case of the Trustees, which affects any of their respective rights, duties or immunities hereunder. 
  
 (f) In the event that any amendment to this Trust Agreement is made, the Administrative Trustees shall promptly provide to the Depositor a copy of such
amendment. 
  
 (g) The Delaware Trustee may join in the execution
of any amendment to the Trust Agreement and the Property Trustee and the Delaware Trustee are entitled to rely upon an Opinion of Counsel as conclusive evidence that any amendment to this Trust Agreement entered into pursuant to this Section 10.03
is authorized or permitted by, and conforms to, the terms of this Section 10.03, has been duly authorized by and lawfully executed and delivered on behalf of the other requisite parties, and that it is proper for the Property Trustee under the
provisions of this Section 10.03 to accept the additional trusts created thereby and, if so requested, for the Delaware Trustee to join in the execution thereof. 
  
 Section 10.04. Separability. In case any provision in this Trust Agreement or in the Trust Securities Certificates
shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
  
 Section 10.05. Governing Law. THIS TRUST AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF EACH OF THE SECURITYHOLDERS, THE
TRUST, THE DEPOSITOR, THE TRUST SECURITIES GUARANTOR AND THE TRUSTEES WITH RESPECT TO THIS TRUST AGREEMENT AND THE TRUST SECURITIES SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE (WITHOUT REGARD TO CONFLICT
OF LAWS PRINCIPLES), PROVIDED, THAT THE IMMUNITIES AND STANDARD OF CARE OF THE PROPERTY TRUSTEE IN CONNECTION WITH THE ADMINISTRATION OF ITS TRUSTS AND DUTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE INTERNAL LAWS OF THE
STATE OF NEW YORK. 
  

 -48- 

 Section 10.06. Successors. This Trust Agreement shall be binding upon and shall inure to the
benefit of any successor to the Depositor, the Trust Securities Guarantor, the Trust or the Relevant Trustees or any of them, including any successor by operation of law. 
  
 Section 10.07. Headings. The Article and Section headings are for convenience only and shall not affect the
construction of this Trust Agreement. 
  
 Section 10.08. Notice
and Demand. Any notice, demand or other communication which by any provision of this Trust Agreement is required or permitted to be given or served to or upon any Securityholder or the Depositor may be given or served in writing by deposit
thereof, postage prepaid, in the United States mail, hand delivery or facsimile transmission, in each case, addressed, (i) in the case of a Preferred Trust Securityholder, to such Preferred Trust Securityholder as such Securityholder’s name and
address may appear on the Securities Register, and (ii) in the case of the Depositor, the Common Securityholder or the Trust Securities Guarantor, to PPL Corporation, Two North Ninth Street, Allentown, Pennsylvania 18101, Attention: Treasurer,
facsimile no. 610-774-         (until another address is given to the Property Trustee). Such notice, demand or other communication to or upon a Securityholder shall be deemed to have been sufficiently
given or made, for all purposes, upon hand delivery, mailing or facsimile transmission. 
  
 Any notice, demand or other communication which by any provision of this Trust Agreement is required or permitted to be given or served to or upon the Trust, the Property Trustee, the Delaware Trustee or the
Administrative Trustees shall be given in writing addressed (until another address is given to the other parties hereto) as follows: (i) with respect to the Property Trustee, to JPMorgan Chase Bank, 4 New York Plaza, New York, New York 10004,
Attention: Institutional Trust Services, (ii) with respect to the Delaware Trustee, to Chase Manhattan Bank USA, National Association, c/o JP Morgan Chase, 500 Stanton Christiana Road, Building 4, 3rd Floor, Newark, Delaware 19713 with a copy to the Property Trustee at the address set forth in (i) above, Attention:
                            , and (iii) with respect to the Trust or the Administrative Trustees, at
the address above for notice to the Depositor, marked “Attention: Administrative Trustees for PPL Capital Funding Trust II”. Such notice, demand or other communication to or upon the Trust, the Delaware Trustee or the Property Trustee
shall be deemed to have been sufficiently given or made only upon actual receipt of the writing by the Trust, the Delaware Trustee or the Property Trustee. 
  
 Section 10.09. Agreement Not to Petition. Each of the Trustees and the Depositor agrees for the benefit of the Securityholders that, until at least
one year and one day after the Trust has been terminated in accordance with Article IX, it shall not file, or join in the filing of, a petition against the Trust under any bankruptcy, reorganization, arrangement, insolvency, liquidation or other
similar law (including, without limitation, the United States Bankruptcy Code) (collectively, “Bankruptcy Laws”) or otherwise join in the commencement of any proceeding against the Trust under any Bankruptcy Law. In the event the Depositor
takes action in violation of this Section 10.09, the Property Trustee agrees, for the benefit of Securityholders, that it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such petition by the Depositor
against the Trust or the commencement of such action and raise the defense that the Depositor has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as counsel for 
  

 -49- 

 the Property Trustee or the Trust may assert. The provisions of this Section 10.09 shall survive the termination of this
Trust Agreement. 
  
 Section 10.10. Conflict with Trust
Indenture Act. (a) This Trust Agreement is subject to the provisions of the Trust Indenture Act that are required or deemed to be part of this Trust Agreement and shall, to the extent applicable, be governed by such provisions. 
  
 (b) The Property Trustee shall be the only Trustee which is a trustee for the
purposes of the Trust Indenture Act. 
  
 (c) If any provision
hereof limits, qualifies or conflicts with another provision hereof which is required or deemed to be included in this Trust Agreement by any of the provisions of the Trust Indenture Act, such required or deemed provision shall control. 

 
 (d) The application of the Trust Indenture Act to this Trust Agreement
shall not affect the nature of the Trust Securities as equity securities representing interests in the Trust. 
  
 THE RECEIPT AND ACCEPTANCE OF A TRUST SECURITY OR ANY INTEREST THEREIN BY OR ON BEHALF OF A SECURITYHOLDER, WITHOUT ANY SIGNATURE OR FURTHER MANIFESTATION OF ASSENT, SHALL CONSTITUTE THE UNCONDITIONAL ACCEPTANCE BY
THE SECURITYHOLDER AND ALL OTHERS HAVING A BENEFICIAL INTEREST IN SUCH TRUST SECURITY OF ALL THE TERMS AND PROVISIONS OF THIS TRUST AGREEMENT AND THE AGREEMENT OF THE TRUST, SUCH SECURITYHOLDER AND SUCH OTHERS THAT THOSE TERMS AND PROVISIONS SHALL
BE BINDING, OPERATIVE AND EFFECTIVE AS BETWEEN THE TRUST AND SUCH SECURITYHOLDER AND SUCH OTHERS. 
  
 Section 10.11. Counterparts. This Trust Agreement may contain more than one counterpart of the signature page and this Trust Agreement may be
executed by the affixing of the signature of each of the Trustees to one of such counterpart signature pages. All of such counterpart signature pages shall be read as though one, and they shall have the same force and effect as though all of the
signers had signed a single signature page. 
  

 -50- 

 IN WITNESS WHEREOF, the parties have caused this Amended and Restated Trust Agreement to be duly
executed, all as of the day and year first above written. 
  

					
	 PPL CORPORATION,
      as Depositor and Trust Securities Guarantor

		
	By:	 	 
	 	 	 Title:
	 	 

  

					
	 JPMORGAN CHASE BANK,
      as Property Trustee

		
	By:	 	 
	 	 	 Title:
	 	 

  

					
	 CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
      as Delaware Trustee

		
	By:	 	 
	 	 	 Title:
	 	 
		
	 	 	 
	 	 	 as Administrative Trustee

		
	 	 	 
	 	 	as Administrative Trustee

  

 -51- 

 EXHIBIT A 
  

CERTIFICATE OF TRUST 
 OF

 PP&L CAPITAL FUNDING TRUST II 
  
 THIS CERTIFICATE OF TRUST of PPL Capital Funding Trust II (the “Trust”), dated as of
                    , is being duly executed and filed by the undersigned, as trustees, to form a business trust under the Delaware Business
Trust Act (12 Del.C. § 3801 et seq.). 
  
 1. Name. The name of the business trust formed hereby is PPL Capital Funding Trust II. 
  
 2. Delaware Trustee. The name and business address of the trustee of the Trust with a principal place of business in the State of Delaware are Chase
Manhattan Bank USA c/o JP Morgan Chase, 500 Stanton Christiana Road, Building 4, 3rd Floor, Newark, Delaware 19713.

  
 3. Effective Date. This Certificate of Trust shall be
effective upon its filing with the Secretary of State of the State of Delaware. 
  
 IN WITNESS WHEREOF, the undersigned, being the only trustees of the Trust, have executed this Certificate of Trust as of the date first above written. 
  

					
	 JPMORGAN CHASE BANK,
 not in its individual capacity but solely
 as trustee

		
	By:	 	 
	 	 	 Name:
	 	 
	 	 	 Title:
	 	 

  

					
	 CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
 not in its individual capacity but solely
 as trustee

		
	By:	 	 
	 	 	 Name:
	 	 
	 	 	 Title:
	 	 
			
	 	 	 	 	 
	 
	JAMES E. ABEL, not in his individual capacity but solely as trustee

  

 A-1 

 EXHIBIT B 
  

THIS CERTIFICATE IS NOT TRANSFERABLE EXCEPT AS 
 PROVIDED IN THE TRUST AGREEMENT 
  

			
	Certificate Number	 	Number of Common Trust Securities
		
	C –	 	 

  
 Certificate Evidencing
Common Trust Securities 
 of 
 PPL
Capital Funding Trust II 
 Common Trust Securities 
 (liquidation amount $[25] per Common Trust Security) 
  
 PPL Capital Funding Trust II, a statutory business trust created under the laws of the State of Delaware (the “Trust”), hereby certifies that PPL Corporation (the “Holder”) is the registered owner
of          common securities of the Trust representing undivided beneficial interests in the assets of the Trust and designated the PPL Capital Funding Trust II Common Trust Securities (liquidation
amount $[25] per Common Trust Security) (the “Common Trust Securities”). Except as permitted by Section 5.10 of the Trust Agreement (as defined below), the Common Trust Securities are not transferable and any attempted transfer hereof
shall be void. The designations, rights, privileges, restrictions, preferences and other terms and provisions of the Common Trust Securities are set forth in, and this certificate and the Common Trust Securities represented hereby are issued and
shall in all respects be subject to the terms and provisions of, the Amended and Restated Trust Agreement of the Trust dated as of
                    ,             , as the same may be amended from
time to time (the “Trust Agreement”), including the designation of the terms of the Common Trust Securities as set forth therein. 
  
 .Capitalized terms used herein but not defined shall have the meaning given them in the Trust Agreement. The holder of this certificate is entitled to the
benefits of the Trust Securities Guarantee Agreement of PPL Corporation and JPMorgan Chase Bank, as guarantee trustee, dated as of
                    ,             , as the same may be amended from time to
time, (the “Guarantee”) to the extent provided therein.] The Trust will furnish a copy of the Trust Agreement [and the Guarantee] to the Holder without charge upon written request to the Trust at its principal place of business or
registered office. 
  
 Upon receipt of this certificate, the
Holder is bound by the Trust Agreement and is entitled to the benefits thereunder. 
  
 By acceptance, the Holder agrees to treat, for United States federal income tax purposes, the Debentures as indebtedness and the Common Trust Securities as evidence of undivided beneficial interests in the assets of
the Trust. 
  

 B-1 

 IN WITNESS WHEREOF, an Administrative Trustee of the Trust has executed this certificate for and on
behalf of the Trust this      day of                     ,
            . 
  

			
	PPL Capital Funding Trust II
		
	By:	 	 
	 	 	not in his individual capacity, but solely as Administrative Trustee

  

 B-2 

  
 EXHIBIT C 

 
 [Legend] 
  

			
	Certificate Number	 	Number of Preferred Trust Securities
		
	P-	 	CUSIP NO.

  
 Certificate Evidencing
Preferred Trust Securities 
  
 of 
  
 PPL Capital Funding Trust II 
  
 [Title of Securities] 
 (liquidation amount $[25] per Preferred Trust Security) 
  
 PPL Capital Funding Trust II, a statutory business trust created under the laws of the State of Delaware (the “Trust”), hereby certifies that
                     (the “Holder”) is the registered owner of
             preferred securities of the Trust representing an undivided beneficial interest in the assets of the Trust and designated the PPL Capital Funding Trust II [Title of
Securities] (liquidation amount $[25] per Preferred Trust Security) (the “Preferred Trust Securities”). The Preferred Trust Securities are transferable on the books and records of the Trust, in person or by a duly authorized attorney, upon
surrender of this certificate duly endorsed and in proper form for transfer as provided in Section 5.04 or 5.12 of the Trust Agreement (as defined below). The designations, rights, privileges, restrictions, preferences and other terms and provisions
of the Preferred Trust Securities are set forth in, and this certificate and the Preferred Trust Securities represented hereby are issued and shall in all respects be subject to the terms and provisions of, the Amended and Restated Trust Agreement
of the Trust dated as of                 ,             , as the same may be amended from time
to time (the “Trust Agreement”), including the designation of the terms of the Preferred Trust Securities as set forth therein. Capitalized terms used herein but not defined shall have the meaning given them in the Trust Agreement. The
holder of this certificate is entitled to the benefits of the Trust Securities Guarantee Agreement of PPL Corporation and JPMorgan Chase Bank, as guarantee trustee, dated as of
            ,             , as the same may be amended from time to time, (the “Guarantee”) to the
extent provided therein. The Trust will furnish a copy of the Trust Agreement and the Guarantee to the Holder without charge upon written request to the Trust at its principal place of business or registered office. 
  
 Upon receipt of this certificate, the Holder is bound by the Trust Agreement
and is entitled to the benefits thereunder. 
  
 By acceptance, the
Holder agrees to treat, for United States federal income tax purposes, the Debentures as indebtedness and the Preferred Trust Securities as evidence of undivided beneficial interests in the assets of the Trust. 
  
 IN WITNESS WHEREOF, one of the Administrative Trustees of the Trust has
executed this certificate for and on behalf of the Trust. 
  

 C-1 

									
	Dated:	 	 	 	 PPL CAPITAL FUNDING TRUST II
  

					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	 	not in his individual capacity, but solely as Administrative Trustee

  
 Countersigned and Registered:

  

									
				
	 	 	 	 	 	 	                                      
                                      ,
	 	 	 	 	 	 	Transfer Agent and Registrar

  

									
					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	 	(Authorized Signature)

  

 C-2 

 ASSIGNMENT 
  
 FOR VALUE RECEIVED, the undersigned assigns and transfers this Preferred Trust Security to: 
  

  

  

  

  

  
 (Insert assignee’s social security or tax identification number) 

  

  
 (Insert address and zip code of assignee) 

  

  

  

  
 of the Preferred Trust Securities represented by this Certificate and irrevocably appoints 

  

  

  

 attorney to transfer such
Preferred Trust Securities Certificate on the books of the Trust. The attorney may substitute another to act for him or her. 
  
 Date:
                                        
     
  
 Signature:
                                     
  
 (Sign exactly as your name appears on the other side of this Preferred Trust Securities
Certificate) 
  
 Signature:
                                     
  
 (Sign exactly as your name appears on the other side of this Preferred Trust Securities
Certificate) 
  

 C-3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00067-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00067-of-00352.parquet"}]]