Document:

Exhibit 4(g)

 

Form of Trust Agreement for Capitol Trust XII

 

TRUST AGREEMENT

 

This
TRUST AGREEMENT, dated as of May 21 2008 (this “Trust Agreement”), among (i) Capitol Bancorp Ltd., a
Michigan corporation (the “Depositor”), (ii) Wells Fargo Delaware Trust Company,
as Delaware trustee (the “Delaware Trustee”), and (iii) Lee W.
Hendrickson, Bruce A. Thomas and Jeffrey D. Saunders, each an individual, as
trustees (each of such trustees an “Administrative Trustee” and together with
the Delaware Trustee, the “Trustees”). The Depositor and the Trustees hereby
agree as follows:

 

1.                                       The trust created hereby (the “Trust”) shall
be known as “Capitol Trust XII” in which name the Trustees, or the Depositor to
the extent provided herein, may engage in the transactions contemplated hereby,
make and execute contracts, and sue and be sued.

 

2.                                       The Depositor hereby assigns, transfers,
conveys and sets over to the Delaware Trustee the sum of Ten Dollars ($10.00).
The Delaware Trustee hereby acknowledges receipt of such amount in trust from
the Depositor, which amount shall constitute the initial trust estate. The
Delaware Trustee hereby declares that it will hold the trust estate in trust
for the Depositor. It is the intention of the parties hereto that the Trust
created hereby constitutes a Delaware statutory trust under Chapter 38 of Title
12 of the Delaware Code, 12 Del. C. Section 3801, et seq. (the “Delaware
Trust Act”), and that this document constitute the governing instrument of the
Trust. The Trustees are hereby authorized and directed to execute and file a
certificate of trust in the form attached hereto with the Delaware Secretary of
State in accordance with the provisions of the Delaware Trust Act.

 

3.                                       The Depositor and the Trustees will enter into an
Amended and Restated Trust Agreement, satisfactory to each such  party
and substantially in the form included as an exhibit to the 1933 Act
Registration Statement (as defined below), to provide for the contemplated
operation of the Trust created hereby and the issuance of Preferred Securities
and Common Securities to be referred to therein. Prior to the execution and
delivery of such Amended and Restated Trust Agreement, the Trustees shall not
have any duty or obligation hereunder or with respect to the trust estate, except
as otherwise required by applicable law and
the Depositor shall take or cause to be taken any action as may be
necessary to obtain prior to such execution and delivery any licenses, consents
or approvals required by applicable law or otherwise.  The Delaware Trustee shall not have any duty
or obligation under or in connection with this Trust Agreement or any document
contemplated hereby, except as expressly provided by the terms of this Trust
Agreement, and no implied duties or obligations shall be read into this Trust
Agreement against the Delaware Trustee. 
The right of the Delaware Trustee to perform any discretionary act
enumerated herein shall not be construed as a duty.

 

4.                                       The Depositor, as the sponsor of the Trust,
is hereby authorized (i) to file with the Securities and Exchange
Commission (the “Commission”) and execute, in each case on behalf of the Trust,
(a) the Registration Statement on Form S-3 (the “1933 Act
Registration Statement”) (including any pre-effective or post-effective
amendments and

 

EXHIBIT 4(g) - 1

 

supplements to the 1933 Act Registration Statement), relating to the
registration under the Securities Act of 1933, as amended, of the Preferred
Securities of the  Trust and possibly certain other
securities and (b) a Registration Statement on Form 8-A (the “1934
Act Registration Statement”) (including all pre-effective and post-effective
amendments thereto) relating to the registration of the Preferred Securities of
the Trust under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”); (ii) to file with the New York Stock Exchange or other national
stock exchange or automated quotation system (each, an “Exchange”) and execute
on behalf of the Trust one or more listing applications and all other
applications, statements, certificates, agreements and other instruments as
shall be necessary or desirable to cause the Preferred Securities to be listed
on any of the Exchanges; (iii) to file and execute on behalf of the Trust
such applications, reports, surety bonds, irrevocable consents, appointments of
attorney for service of process and other papers and documents as shall be
necessary or desirable to register the Preferred Securities under the
securities or blue sky laws of such jurisdictions as the Depositor, on behalf
of the Trust, may deem necessary or desirable
and (iv) to execute on behalf of the Trust that certain Underwriting
Agreement relating to the Preferred Securities, among the Trust, the Depositor
and the Underwriters named therein, substantially in the form included as an
exhibit to the 1933 Act Registration Statement or filed with the Commission
pursuant to the Exchange Act. In the event that any filing referred to in
clauses (i), (ii) and (iii) above is required by the rules and
regulations of the Commission, an Exchange or state securities or blue sky
laws, to be executed on behalf of the Trust by one or more of the Trustees,
each of the Trustees, in its or his capacity as a Trustee of the Trust, is
hereby authorized and, to the extent so required, directed to join in any such
filing and to execute on behalf of the Trust any and all of the foregoing, it
being understood that Wells Fargo Delaware Trust Company in its capacity as the
Delaware Trustee of the Trust shall not be required to join in any such filing
or execute on behalf of the Trust any such document unless required by the rules and
regulations of the Commission, the Exchange or state securities or blue sky
laws. In connection with the filings referred to above, the Depositor and Lee
W. Hendrickson, Bruce A. Thomas and Jeffrey D. Saunders, each as Trustees and
not in their individual capacities, hereby constitute and appoint Lee W.
Hendrickson, Bruce A. Thomas and Jeffrey D. Saunders, and each of them, as their
true and lawful attorneys-in-fact and agents, with full power of substitution
and resubstitution, for the Depositor or such Trustee or in the Depositor’s or
such Trustees’ name, place and stead, in any and all capacities, to sign any
and all supplements and amendments (including post-effective amendments) to the
1933 Act Registration Statement and the 1934 Act Registration Statement and to
file the same, with all exhibits thereto, and other documents in connection
therewith, with the Commission, the Exchange and administrators of the state
securities or blue sky laws, granting unto said attorneys-in-fact and agents
full power and authority to do and perform each and every act and thing
requisite and necessary to be done in connection therewith, as fully to all
intents and purposes as the Depositor or such Trustee might or could do in
person, hereby ratifying and confirming all that said attorneys-in-fact and
agents or any of them, or their respective substitute or substitutes, shall do
or cause to be done by virtue hereof.

 

5.                                       This Trust Agreement may be executed in one
or more counterparts.

 

EXHIBIT 4(g) - 2

 

6.             The number of Trustees initially shall be
four (4) and thereafter the number of Trustees shall be such number as
shall be fixed from time to time by a written instrument signed by the
Depositor which may increase or decrease the number of Trustees; provided,
however, that to the extent required by the Delaware Trust Act, one Trustee
shall either be 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 otherwise meets the requirements of applicable
Delaware law. Subject to the foregoing, the Depositor is entitled to appoint or
remove without cause any Trustee at any time. Any Trustee may resign upon
thirty (30) days’ prior notice to the Depositor.  The Delaware Trustee is authorized to take
such action or refrain from taking such action under this Trust Agreement as it
may be directed in writing by the Depositor from time to time; provided,
however, that the Delaware Trustee shall not be required to take or refrain
from taking any such action if the Delaware Trustee shall have reasonably determined,
or shall have been advised by counsel, that such performance is likely to
involve the Delaware Trustee in personal liability or is contrary to the terms
of this Trust Agreement or of any document contemplated hereby to which the
Trust or the Delaware Trustee is a party or is otherwise contrary to law.  If at any time the Delaware Trustee
determines that it requires or desires guidance regarding the application of
any provision of this Declaration or any other document, or regarding
compliance with any direction it received hereunder, then the Delaware Trustee
may deliver a notice to the Depositor requesting written instructions as to the
course of action desired by the Depositor, and such instructions shall
constitute full and complete authorization and protection for actions taken and
other performance by the Delaware Trustee in reliance thereon.  Until the Delaware Trustee has received such
instructions after delivering such notice, it may refrain from taking any
action with respect to the matters described in such notice.

 

7.             This Trust Agreement shall be governed by,
and construed in accordance with, the laws of the State of Delaware (without
regard to conflict of laws principles), provided however, that there shall not
be applicable to the parties hereunder or this Trust Agreement any provision of
the laws (common or statutory) of the State of Delaware pertaining to trusts
that relate to or regulate, in a manner inconsistent with the terms hereof (a) the
filing with any court or governmental body or agency of trustee accounts or
schedules of trustee fees and charges, (b) affirmative requirements to
post bonds for trustees, officers, agent or employees of a trust, (c) the
necessity for obtaining court or other governmental approval concerning the acquisition,
holding or disposition of real or personal property, (d) fees or other
sums payable to trustees, officers, agent or employees of a trust, (e) the
allocation of receipts and expenditures to income or principal, (f) restrictions
or limitations on the permissible nature, amount or concentration of trust
investments or requirements relating to the titling, storage or other manner of
holding or investing trust assets or (g) the establishment of fiduciary or
other standards of responsibility or limitations on the acts or powers of
trustees that are inconsistent with the limitations or authorities and powers
of the trustees hereunder as set forth or referenced in this Trust
Agreement.  Section 3540 of Title 12
of the Delaware Code shall not apply to the Trust.

 

8.             Each party hereto (a) irrevocably
submits to the exclusive jurisdiction of any federal or state court sitting in
Wilmington, Delaware in respect of any action or proceeding arising 

 

EXHIBIT 4(g) - 3

 

out of or related to in any manner whatsoever this Trust Agreement, (b) expressly
submits and consents in advance to such jurisdiction in any action or suit
commenced in any such court, and hereby waives any objection such party may
have based upon lack of personal jurisdiction, improper venue or forum non
conveniens, (c) hereby waives personal service of the summons, complaint
and other process issued in any such action or suit and agrees that service of
such summons, complaint and other process may be made by registered or
certified mail addressed to it at its notice address previously provided to the
other party and that service so made shall be deemed completed upon the earlier
of such party’s actual receipt thereof or three (3) days after deposit in the
United States mails, proper postage prepaid.

 

9.                                       The Trustees (the “Fiduciary Indemnified
Persons”) shall not be liable, responsible or accountable in damages or
otherwise to the Trust, the Depositor, the Trustees or any holder of the Trust’s
securities (the Trust, the Depositor and any holder of the Trust’s securities
being a “Covered Person”) for any loss, damage or claim incurred by reason of
any act or omission performed or omitted by the Fiduciary Indemnified Persons
in good faith on behalf of the Trust and in a manner the Fiduciary Indemnified
Persons reasonably believed to be within the scope of authority conferred on
the Fiduciary Indemnified Persons by this Trust Agreement or by law, except
that the Fiduciary Indemnified Persons shall be liable for any such loss,
damage or claim incurred by reason of the Fiduciary Indemnified Person’s gross
negligence or willful misconduct with respect to such acts or omissions.

 

The Fiduciary Indemnified
Persons shall be fully protected in relying in good faith upon the records of
the Trust and upon such information, opinions, reports or statements presented
to the Trust by any person as to matters the Fiduciary Indemnified Persons
reasonably believe are within such other person’s professional or expert
competence and who has been selected with reasonable care by or on behalf of
the Trust, including information, opinions, reports or statements as to the
value and amount of the assets, liabilities, profits, losses, or any other
facts pertinent to the existence and amount of assets from which distributions
to holders of the Trust’s securities might properly be paid.

 

10.                                 The Depositor agrees, to the fullest extent
permitted by applicable law,

 

(a)                                  to indemnify and hold harmless each Fiduciary
Indemnified Person, or any of its officers, directors, shareholders, employees,
representatives or agents, from and against any loss, damage, liability, tax,
penalty, expense or claim of any kind or nature whatsoever incurred by the
Fiduciary Indemnified Persons by reason of the creation, operation or
termination of the Trust in a manner the Fiduciary Indemnified Persons
reasonably believed to be within the scope of authority conferred on the
Fiduciary Indemnified Persons by this Trust Agreement, except that no Fiduciary
Indemnified Persons shall be entitled to be indemnified in respect of any loss,
damage or claim incurred by the Fiduciary Indemnified Persons by reason of
gross negligence or willful misconduct with respect to such acts or omissions;

 

EXHIBIT 4(g) - 4

 

(b)                                 to advance expenses (including legal fees)
incurred by a Fiduciary Indemnified Person in defending any claim, demand,
action, suit or proceeding, from time to time, prior to the final disposition
of such claim, demand, action, suit or proceeding, upon receipt by the
Depositor of an undertaking by or on behalf of such Fiduciary Indemnified Persons to repay such amount if it  shall be determined that such Fiduciary Indemnified
Person is not entitled to be indemnified as authorized in the preceding
subsection; and

 

(c)                                  to reimburse each Fiduciary Indemnified
Person for all reasonable expenses (including reasonable fees and expenses of
counsel and other experts).

 

11.           The provisions of Section 10 shall
survive the termination of this Trust Agreement or the earlier resignation or
removal of the Fiduciary Indemnified Persons.

 

[SIGNATURE
PAGE TO FOLLOW]

 

EXHIBIT 4(g) - 5

 

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

 

	
   

  	
  CAPITOL
  BANCORP LTD., as

  	
   

  
	
   

  	
  Depositor

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
   Lee
  W. Hendrickson

  	
   

  
	
   

  	
   

  	
   Name:
  Lee W. Hendrickson

  	
   

  
	
   

  	
   

  	
   Title:
  Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Wells
  Fargo Delaware Trust Company,

  	
   

  
	
   

  	
  as
  Delaware Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Tracy
  M. McLamb

  	
   

  
	
   

  	
   

  	
  Name:
  Tracy M. McLamb

  	
   

  
	
   

  	
   

  	
  Title:
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  Lee W. Hendrickson

  	
  ,
  as

  
	
   

  	
  Administrative
  Trustee

  	
   

  
	
   

  	
  Name:
  Lee W. Hendrickson

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  Bruce A. Thomas

  	
  ,
  as

  
	
   

  	
  Administrative
  Trustee

  	
   

  
	
   

  	
  Name:
  Bruce A. Thomas

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  Jeffrey D. Saunders

  	
  ,
  as

  
	
   

  	
  Administrative
  Trustee

  	
   

  
	
   

  	
  Name:
  Jeffrey D. Saunders

  	
   

  
						

 

EXHIBIT 4(g) - 6Exhibit 4(h)

 

Certificate of
Trust of Capitol Trust XIII

 

CERTIFICATE OF TRUST

OF

CAPITOL TRUST XIII

 

THIS
CERTIFICATE OF TRUST OF CAPITOL TRUST XIII (the “Trust”), is being duly
executed and filed by Wells Fargo Delaware Trust Company, as Delaware Trustee,
Lee W. Hendrickson, Bruce A. Thomas and Jeffrey D. Saunders, as Administrative
Trustees, to form a Delaware statutory trust under the Delaware Statutory Trust
Act (12 Del. C. Section 3801 et seq.) (the “Act”).

 

1.                                       NAME.  The name of the Delaware statutory trust
formed hereby is Capitol Trust XIII.

 

2.                                       DELAWARE TRUSTEE.  The name and business address of the trustee
of the Trust in the State of Delaware is Wells Fargo Delaware Trust Company,
919 North Market Street, Suite 1600, Wilmington, Delaware 19801.

 

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

 

IN
WITNESS WHEREOF, the undersigned have executed this Certificate of Trust in
accordance with Section 3811(a)(1) of the Act.

 

	
   

  	
  Wells
  Fargo Delaware Trust Company,

  	
   

  
	
   

  	
  as
  Delaware Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
   Tracy
  M. McLamb

  	
  ,

  
	
   

  	
   

  	
   Name:
  Tracy M. McLamb

  	
   

  
	
   

  	
   

  	
   Title:
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  Lee W. Hendrickson

  	
  ,

  
	
   

  	
  as
  Administrative Trustee

  	
   

  
	
   

  	
  Name:
  Lee W. Hendrickson

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  Bruce A. Thomas

  	
  ,

  
	
   

  	
  as
  Administrative Trustee

  	
   

  
	
   

  	
  Name:
  Bruce A. Thomas

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  Jeffrey D. Saunders

  	
  ,

  
	
   

  	
  as
  Administrative Trustee

  	
   

  
	
   

  	
  Name:
  Jeffrey D. Saunders

  	
   

  

 

EXHIBIT 4(h)

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