Document:

EXHIBIT 4.3

 

CERTIFICATE
OF TRUST

OF

FIRST BUSEY STATUTORY TRUST V

 

THIS CERTIFICATE OF TRUST OF FIRST BUSEY STATUTORY
TRUST V (the “Trust”), is
being duly executed and filed by Wilmington Trust Company, a Delaware banking
corporation, as trustee, to form a statutory trust under the Delaware Statutory
Trust Act (12 Del. C. Section 3801 et seq.)
(the “Act”).

 

1.     NAME.  The name of the statutory trust formed hereby
is First Busey Statutory Trust V.

 

2.     DELAWARE TRUSTEE.  The name and business address of the trustee
of the Trust in the State of Delaware is Wilmington Trust Company, Rodney
Square North, 1100 North Market Street, Wilmington, Delaware 19890-0001,
Attention: Corporate Trust Administration.

 

3.     EFFECTIVE DATE.  This Certificate of Trust shall be effective
upon filing of this Certificate with the Secretary of State of the State of
Delaware.

 

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

 

 

	
   

  	
  WILMINGTON
  TRUST COMPANY, as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Christopher J. Slaybaugh

  
	
   

  	
   

  	
  Name: 
  Christopher J. Slaybaugh

  
	
   

  	
   

  	
  Title:
     Assistant Vice PresidentEXHIBIT
4.4

 

TRUST
AGREEMENT

 

TRUST AGREEMENT, dated as of September 9, 2008 by and between
First Busey Corporation, a Nevada corporation, as “Depositor,”
and Wilmington Trust Company, a Delaware banking corporation, as “Trustee.”

 

Section 1. The
Trust.  The trust
created hereby shall be known as First Busey Statutory Trust V (the “Trust”), in which name the Trustee, or the Depositor to the
extent provided herein, may conduct the business of the Trust, make and execute
contracts, and sue and be sued.

 

Section 2. The
Trust Estate.  The
Depositor hereby assigns, transfers, conveys and sets over to the Trustee the
sum of $10.00.  The Trustee hereby
acknowledges receipt of such amount in trust from the Depositor, which amount
shall constitute the initial trust estate. 
The 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 constitute a statutory
trust under Chapter 38 of Title 12 of the Delaware Code, 12 Delaware Code
Sections 3801 et seq. (the “Statutory Trust Act”), and that this document constitute the
governing instrument of the Trust.  The
Trustee is hereby authorized and directed to execute and file a certificate of
trust with the Delaware Secretary of State in accordance with the provisions of
the Statutory Trust Act.

 

Section 3. Amended
and Restated Trust Agreement. 
The Depositor, the Trustee and certain other parties will enter into an
amended and restated Trust Agreement, satisfactory to each such party and
substantially in the form to be 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 the Preferred
Securities (as defined below) and common securities of the Trust to be referred
to therein.  Prior to the execution and
delivery of such amended and restated Trust Agreement, the Trustee shall not
have any duty or obligation hereunder or with respect to the trust estate,
except as otherwise required by applicable law or as may be necessary to obtain
prior to such execution and delivery any licenses, consents or approvals
required by applicable law or otherwise.

 

Section 4. Certain
Authorizations.  The
Depositor and the Trustee hereby authorize and direct the Depositor, as the
sponsor of the Trust, to: (i) 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 to the 1933 Act
Registration Statement (including the prospectus and exhibits contained
therein), relating to the registration under the Securities Act of 1933, as
amended, of the preferred securities of the Trust (the “Preferred
Securities”) and certain other securities of the Depositor and (b) a
Registration Statement on Form 8-A (including all pre-effective and post-effective
amendments thereto) relating to the registration of the Preferred Securities
under the Securities Exchange Act of 1934, as amended; (ii) file with the NASDAQ
Stock Market and execute on behalf of the Trust a listing application or
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 the NASDAQ Stock Market; (iii) 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 the Depositor, on behalf of the Trust, may deem necessary
or desirable to register the Preferred Securities under the state securities or
“Blue Sky” laws; and (iv) execute on behalf of the Trust such underwriting
agreements with one or more underwriters relating to the offering of the
Preferred Securities as the Depositor, on behalf of the Trust, may deem
necessary or desirable.  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, the NASDAQ Stock
Market or state securities or “Blue Sky” laws to be executed on behalf of the
Trust by a Trustee, the Depositor and any Trustee appointed pursuant to Section 6
hereof are hereby authorized to join in any such filing and to execute on
behalf of the Trust any and all of the foregoing.

 

Section 5. Counterparts.  This Trust Agreement may be executed in one
or more counterparts, each of which shall be deemed an original but all of
which together shall constitute one and the same instrument.

 

Section 6. Trustee.  The number of Trustees initially shall be one
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 Statutory Trust Act, one
Trustee shall be either 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.  The Trustee may
resign upon 30 days’ prior notice to the Depositor.

 

Section 7. Governing
Law.  This Trust
Agreement shall be governed by, and construed in accordance with, the laws of
the State of Delaware (without regard to conflicts of law of principles).

 

2

 

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

 

 

	
   

  	
  FIRST BUSEY CORPORATION, as Depositor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Van A. Dukeman

  
	
   

  	
   

  	
  Name:   Van A. Dukeman

  
	
   

  	
   

  	
  Title:     President and Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  WILMINGTON TRUST COMPANY, as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Christopher J. Slaybaugh

  
	
   

  	
   

  	
  Name:   Christopher J. Slaybaugh

  
	
   

  	
   

  	
  Title:     Assistant Vice
  President

  

 

S-1EXHIBIT
4.5

 

 

FIRST BUSEY
STATUTORY TRUST V

 

AMENDED AND
RESTATED TRUST AGREEMENT

 

among

 

FIRST BUSEY
CORPORATION, as Depositor

 

WILMINGTON TRUST
COMPANY, as Property Trustee

 

WILMINGTON TRUST
COMPANY, as Delaware Trustee,

 

and

 

THE ADMINISTRATIVE
TRUSTEES NAMED HEREIN

 

Dated as of
                ,
2008

 

 

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
  PAGE

  
	
   

  	
   

  	
   

  
	
  ARTICLE I

  	
  DEFINED TERMS

  	
  1

  
	
  Section 101.

  	
  Definitions

  	
  1

  
	
   

  	
   

  	
   

  
	
  ARTICLE II

  	
  ESTABLISHMENT OF THE TRUST

  	
  10

  
	
  Section 201.

  	
  Name

  	
  10

  
	
  Section 202.

  	
  Office of the
  Delaware Trustee; Principal Place of Business

  	
  10

  
	
  Section 203.

  	
  Initial
  Contribution of Trust Property; Organizational Expenses

  	
  11

  
	
  Section 204.

  	
  Issuance of
  the Preferred Securities

  	
  11

  
	
  Section 205.

  	
  Issuance of
  the Common Securities; Subscription and Purchase of the Debentures

  	
  11

  
	
  Section 206.

  	
  Declaration
  of Trust

  	
  12

  
	
  Section 207.

  	
  Authorization
  to Enter into Certain Transactions

  	
  12

  
	
  Section 208.

  	
  Assets of
  Trust

  	
  16

  
	
  Section 209.

  	
  Title to
  Trust Property

  	
  16

  
	
   

  	
   

  	
   

  
	
  ARTICLE III

  	
  PAYMENT ACCOUNT

  	
  16

  
	
  Section 301.

  	
  Payment
  Account

  	
  16

  
	
   

  	
   

  	
   

  
	
  ARTICLE IV

  	
  DISTRIBUTIONS; REDEMPTION

  	
  16

  
	
  Section 401.

  	
  Distributions

  	
  16

  
	
  Section 402.

  	
  Redemption

  	
  17

  
	
  Section 403.

  	
  Subordination
  of the Common Securities

  	
  19

  
	
  Section 404.

  	
  Payment
  Procedures

  	
  20

  
	
  Section 405.

  	
  Tax Returns
  and Reports

  	
  20

  
	
  Section 406.

  	
  Payment of
  Taxes, Duties, Etc. of the Trust

  	
  21

  
	
  Section 407.

  	
  Payments
  under the Indenture

  	
  21

  
	
   

  	
   

  	
   

  
	
  ARTICLE V

  	
  THE TRUST SECURITIES CERTIFICATES

  	
  21

  
	
  Section 501.

  	
  Initial
  Ownership

  	
  21

  
	
  Section 502.

  	
  The Trust
  Securities Certificates

  	
  21

  
	
  Section 503.

  	
  Execution,
  Authentication and Delivery of the Trust Securities Certificates

  	
  21

  
	
  Section 504.

  	
  Global
  Preferred Security

  	
  22

  
	
  Section 505.

  	
  Registration
  of Transfer and Exchange of the Preferred Securities Certificates

  	
  23

  
	
  Section 506.

  	
  Mutilated,
  Destroyed, Lost or Stolen Trust Securities Certificates

  	
  24

  
	
  Section 507.

  	
  Persons
  Deemed the Securityholders

  	
  25

  
	
  Section 508.

  	
  Access to
  List of the Securityholders’ Names and Addresses

  	
  25

  
	
  Section 509.

  	
  Maintenance
  of Office or Agency

  	
  25

  
	
  Section 510.

  	
  Appointment
  of the Paying Agent

  	
  26

  
	
  Section 511.

  	
  Ownership of
  the Common Securities by the Depositor

  	
  26

  
				

 

 

	
  Section 512.

  	
  The Trust
  Securities Certificates

  	
  26

  
	
  Section 513.

  	
  Notices

  	
  27

  
	
  Section 514.

  	
  Rights of the
  Securityholders

  	
  27

  
	
   

  	
   

  	
   

  
	
  ARTICLE VI

  	
  ACTS OF THE SECURITYHOLDERS; MEETINGS; VOTING

  	
  28

  
	
  Section 601.

  	
  Limitations
  on Voting Rights

  	
  28

  
	
  Section 602.

  	
  Notice of
  Meetings

  	
  29

  
	
  Section 603.

  	
  Meetings of
  the Preferred Securityholders

  	
  29

  
	
  Section 604.

  	
  Voting Rights

  	
  29

  
	
  Section 605.

  	
  Proxies, Etc

  	
  29

  
	
  Section 606.

  	
  Securityholder
  Action by Written Consent

  	
  30

  
	
  Section 607.

  	
  Record Date
  for Voting and Other Purposes

  	
  30

  
	
  Section 608.

  	
  Acts of the
  Securityholders

  	
  30

  
	
  Section 609.

  	
  Inspection of
  Records

  	
  31

  
	
   

  	
   

  	
   

  
	
  ARTICLE VII

  	
  REPRESENTATIONS AND WARRANTIES

  	
  31

  
	
  Section 701.

  	
  Representations
  and Warranties of the Bank and the Property Trustee

  	
  31

  
	
  Section 702.

  	
  Representations
  and Warranties of the Delaware Bank and the Delaware Trustee

  	
  32

  
	
  Section 703.

  	
  Representations
  and Warranties of the Depositor

  	
  34

  
	
   

  	
   

  	
   

  
	
  ARTICLE VIII

  	
  TRUSTEES

  	
  34

  
	
  Section 801.

  	
  Certain
  Duties and Responsibilities

  	
  34

  
	
  Section 802.

  	
  Certain
  Notices

  	
  36

  
	
  Section 803.

  	
  Certain
  Rights of the Property Trustee

  	
  36

  
	
  Section 804.

  	
  Not
  Responsible for Recitals or Issuance of Securities

  	
  38

  
	
  Section 805.

  	
  May Hold
  Securities

  	
  38

  
	
  Section 806.

  	
  Compensation;
  Indemnity; Fees

  	
  38

  
	
  Section 807.

  	
  Corporate
  Property Trustee Required; Eligibility of Trustees

  	
  39

  
	
  Section 808.

  	
  Conflicting
  Interests

  	
  40

  
	
  Section 809.

  	
  Co-Trustees
  and Separate Trustee

  	
  40

  
	
  Section 810.

  	
  Resignation
  and Removal; Appointment of Successor

  	
  41

  
	
  Section 811.

  	
  Acceptance of
  Appointment by Successor

  	
  43

  
	
  Section 812.

  	
  Merger,
  Conversion, Consolidation or Succession to Business

  	
  43

  
	
  Section 813.

  	
  Preferential
  Collection of Claims Against the Depositor or the Trust

  	
  43

  
	
  Section 814.

  	
  Reports by
  the Property Trustee

  	
  43

  
	
  Section 815.

  	
  Reports to
  the Property Trustee

  	
  44

  
	
  Section 816.

  	
  Evidence of
  Compliance with Conditions Precedent

  	
  44

  
	
  Section 817.

  	
  Number of
  Trustees

  	
  44

  
	
  Section 818.

  	
  Delegation of
  Power

  	
  44

  
	
  Section 819.

  	
  Voting

  	
  45

  
	
   

  	
   

  	
   

  
	
  ARTICLE IX

  	
  TERMINATION, LIQUIDATION AND MERGER

  	
  45

  
	
  Section 901.

  	
  Termination
  upon Expiration Date

  	
  45

  
	
  Section 902.

  	
  Early
  Termination

  	
  45

  
				

 

ii

 

	
  Section 903.

  	
  Termination

  	
  46

  
	
  Section 904.

  	
  Liquidation

  	
  46

  
	
  Section 905.

  	
  Mergers,
  Consolidations, Amalgamations or Replacements of the Trust

  	
  47

  
	
   

  	
   

  	
   

  
	
  ARTICLE X

  	
  MISCELLANEOUS PROVISIONS

  	
  48

  
	
  Section 1001.

  	
  Limitation of
  Rights of the Securityholders

  	
  48

  
	
  Section 1002.

  	
  Amendment

  	
  48

  
	
  Section 1003.

  	
  Separability

  	
  50

  
	
  Section 1004.

  	
  Governing Law

  	
  50

  
	
  Section 1005.

  	
  Payments Due
  on Non-Business Day

  	
  50

  
	
  Section 1006.

  	
  Successors

  	
  50

  
	
  Section 1007.

  	
  Headings

  	
  50

  
	
  Section 1008.

  	
  Reports,
  Notices and Demands

  	
  51

  
	
  Section 1009.

  	
  Agreement Not
  to Petition

  	
  51

  
	
  Section 1010.

  	
  Trust
  Indenture Act; Conflict with Trust Indenture Act

  	
  51

  
	
  Section 1011.

  	
  Acceptance of
  Terms of the Trust Agreement, the Guarantee and the Indenture

  	
  52

  
				

 

	
  EXHIBITS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Exhibit A

  	
   

  	
  Certificate of Trust

  
	
  Exhibit B

  	
   

  	
  Form of Common
  Securities Certificate

  
	
  Exhibit C

  	
   

  	
  Form of Expense
  Agreement

  
	
  Exhibit D

  	
   

  	
  Form of Preferred
  Securities Certificate

  
	
  Exhibit E

  	
   

  	
  Form of
  Certificate of Authentication

  

 

iii

 

CROSS-REFERENCE TABLE

 

	
  SECTION OF

  	
   

  	
  SECTION OF AMENDED

  
	
  TRUST INDENTURE ACT

  	
   

  	
  AND RESTATED

  
	
  OF 1939, AS AMENDED

  	
   

  	
  TRUST AGREEMENT

  
	
   

  	
   

  	
   

  
	
  310(a)(1)

  	
   

  	
  807(a)

  
	
  310(a)(2)

  	
   

  	
  807(a)

  
	
  310(a)(3)

  	
   

  	
  807

  
	
  310(a)(4)

  	
   

  	
  207(a)(ii)

  
	
  310(b)

  	
   

  	
  808

  
	
  311(a)

  	
   

  	
  813

  
	
  311(b)

  	
   

  	
  813

  
	
  312(a)

  	
   

  	
  508

  
	
  312(b)

  	
   

  	
  508

  
	
  312(c)

  	
   

  	
  508

  
	
  313(a)

  	
   

  	
  814(a)

  
	
  313(b)

  	
   

  	
  814(a)

  
	
  313(c)

  	
   

  	
  1008

  
	
  313(d)

  	
   

  	
  814(b)

  
	
  314(a)

  	
   

  	
  815

  
	
  314(b)

  	
   

  	
  Not Applicable

  
	
  314(c)(1)

  	
   

  	
  816

  
	
  314(c)(2)

  	
   

  	
  816

  
	
  314(c)(3)

  	
   

  	
  Not Applicable

  
	
  314(d)

  	
   

  	
  Not Applicable

  
	
  314(e)

  	
   

  	
  101, 816

  
	
  315(a)

  	
   

  	
  801(a), 803(a)

  
	
  315(b)

  	
   

  	
  802, 1008

  
	
  315(c)

  	
   

  	
  803(g)

  
	
  315(d)

  	
   

  	
  801, 803

  
	
  316(a)(2)

  	
   

  	
  Not Applicable

  
	
  316(b)

  	
   

  	
  Not Applicable

  
	
  316(c)

  	
   

  	
  607

  
	
  317(a)(1)

  	
   

  	
  Not Applicable

  
	
  317(a)(2)

  	
   

  	
  Not Applicable

  
	
  317(b)

  	
   

  	
  510

  
	
  318(a)

  	
   

  	
  1010

  

 

	
  NOTE:

  	
   

  	
  This Cross-Reference
  Table does not constitute part of this Agreement and shall not affect any
  interpretation of any of its terms or provisions.

  

 

iv

 

AMENDED AND RESTATED
TRUST AGREEMENT

 

AMENDED AND RESTATED TRUST AGREEMENT, dated as of
                ,
2008, among (a) FIRST BUSEY CORPORATION, a Nevada corporation (including
any successors or assigns, the “Depositor”), (b) WILMINGTON
TRUST COMPANY, a Delaware banking corporation duly organized and existing under
the laws of Delaware, as property trustee (the “Property
Trustee” and, in its separate corporate capacity and not in its
capacity as Property Trustee, the “Bank”), (c) WILMINGTON
TRUST COMPANY, a Delaware banking corporation duly organized and existing under
the laws of the State of Delaware, as Delaware trustee (the “Delaware Trustee,” and, in its separate corporate capacity
and not in its capacity as Delaware Trustee, the “Delaware
Bank”), (d)                             ,
an individual,
                          ,
an individual, and
                        ,
an individual, each of whose address is c/o First Busey Corporation, 201
West Main Street, Urbana, Illinois 61801, and (e) the several Holders (as
hereinafter defined).

 

R
E C I T A L S

 

WHEREAS, the Depositor and the Delaware Trustee have heretofore duly
declared and established a statutory trust pursuant to the Delaware Statutory
Trust Act (as hereinafter defined) by the entering into of that certain Trust
Agreement, dated as of
                  ,
2008 (the “Original Trust Agreement”), and by the
execution and filing by the Delaware Trustee with the Secretary of State of the
State of Delaware of the Certificate of Trust, filed on                   ,
2008, the form of which is attached hereto as Exhibit A; and

 

WHEREAS, the Depositor, the Delaware Trustee, the Property Trustee and
the Administrative Trustees desire to amend and restate the Original Trust
Agreement in its entirety as set forth herein to provide for, among other
things, (a) the issuance of the Common Securities (as defined herein) by
the Trust (as defined herein) to the Depositor; (b) the issuance and sale
of the Preferred Securities (as defined herein) by the Trust pursuant to the
Underwriting Agreement (as defined herein); (c) the acquisition by the
Trust from the Depositor of all of the right, title and interest in the
Debentures (as defined herein); and (d) the appointment of the Trustees;

 

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 are hereby acknowledged, each party, for the benefit of
the other parties and for the benefit of the Securityholders (as defined
herein), hereby amends and restates the Original Trust Agreement in its
entirety and agrees as follows:

 

Article I

DEFINED TERMS

 

Section 101.         Definitions.  For all purposes of this Trust Agreement,
except as otherwise expressly provided or unless the context otherwise
requires:

 

(a)          the terms defined in this Article I
have the meanings assigned to them in this Article I and include the
plural as well as the singular;

 

 

(b)          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;

 

(c)          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

 

(d)          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 608.

 

“Additional Amount” means, with
respect to Trust Securities of a given Liquidation Amount and/or a given
period, the amount of additional interest accrued on interest in arrears and
paid by the Depositor on a Like Amount of Debentures for such period.

 

“Additional Payments” has the
meaning specified in Section 1.1 of the Indenture.

 

“Administrative Trustee” means
each of
                      ,
                      
and
                      ,
solely in his or her capacity as Administrative Trustee of the Trust formed and
continued hereunder and not in his or her individual capacity, or such
Administrative Trustee’s successor in interest in such capacity, or any
successor trustee appointed as herein provided.

 

“Affiliate” means, with respect
to a specified Person: (a) any Person directly or indirectly owning,
controlling or holding with power to vote 10% or more of the outstanding voting
securities or other ownership interests of the specified Person; (b) any
Person 10% or more of whose outstanding voting securities or other ownership
interests are directly or indirectly owned, controlled or held with power to
vote by the specified Person; (c) any Person directly or indirectly
controlling, controlled by, or under common control with the specified Person; (d) a
partnership in which the specified Person is a general partner; (e) any
officer or director of the specified Person; and (f) if the specified
Person is an individual, any entity of which the specified Person is an
officer, director or general partner.

 

“Applicable Procedures” has the
meaning specified in Section 504(c).

 

“Authenticating Agent” means an
authenticating agent with respect to the Preferred Securities appointed by the
Property Trustee pursuant to Section 503.

 

“Bank” has the meaning specified
in the Preamble to this Trust Agreement.

 

“Bankruptcy Event” means, with
respect to any Person:

 

(a)          the entry of a decree or order by a
court having jurisdiction in the premises adjudging such Person a bankrupt or
insolvent, or approving as properly filed a petition seeking 

 

2

 

liquidation or reorganization of or in respect of such
Person under the United States Bankruptcy Code of 1978, as amended, or any
other similar applicable federal or state law, and the continuance of any such
decree or order unvacated and unstayed for a period of 90 days; or the
commencement of an involuntary case under the United States Bankruptcy Code of
1978, as amended, in respect of such Person, which shall continue undismissed
for a period of 90 days or entry of an order for relief in such case; or the
entry of a decree or order of a court having jurisdiction in the premises for
the appointment on the ground of insolvency or bankruptcy of a receiver,
custodian, liquidator, trustee or assignee in bankruptcy or insolvency of such
Person or of its property, or for the winding up or liquidation of its affairs,
and such decree or order shall have remained in force unvacated and unstayed
for a period of 90 days; or

 

(b)          the institution by such Person of
proceedings to be adjudicated a voluntary bankrupt, or the consent by such
Person to the filing of a bankruptcy proceeding against it, or the filing by
such Person of a petition or answer or consent seeking liquidation or
reorganization under the United States Bankruptcy Code of 1978, as amended, or
other similar applicable Federal or State law, or the consent by such Person to
the filing of any such petition or to the appointment on the ground of
insolvency or bankruptcy of a receiver or custodian or liquidator or trustee or
assignee in bankruptcy or insolvency of such Person or of its property, or a
general assignment by such Person for the benefit of creditors.

 

“Bankruptcy Laws” has the meaning
specified in Section 1009.

 

“Board Resolution” means a copy
of a resolution certified by the Secretary or an Assistant Secretary of the
Depositor to have been duly adopted by the Depositor’s Board of Directors, or
such committee of the Board of Directors or officers of the Depositor to which
authority to act on behalf of the Board of Directors has been delegated, and to
be in full force and effect on the date of such certification, and delivered to
the appropriate Trustee.

 

“Business Day” means any day
other than a Saturday or Sunday or a day on which federal or state banking
institutions in the Borough of Manhattan, the City of New York are
authorized or required by law, executive order or regulation to close, or a day
on which the Corporate Trust Office of the Property Trustee or the Corporate
Trust Office of the Debenture Trustee is closed for business.

 

“Certificate of Trust” means the
certificate of trust filed with the Secretary of State of the State of Delaware
with respect to the Trust, as amended or restated from time to time.

 

“Change in 1940 Act Law” has the
meaning specified in the definition of “Investment Company Event.”

 

“Clearing Agency” means an
organization registered as a “clearing agency” pursuant to Section 17A of
the Securities Exchange Act of 1934, as amended.  DTC shall be the initial Clearing Agency.

 

3

 

“Clearing Agency Participant”
means a broker, dealer, bank or other financial institution or other Person for
whom from time to time a Clearing Agency effects book-entry transfers and pledges
of securities deposited with the Clearing Agency.

 

“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 Securities Certificate”
means a certificate evidencing ownership of Common Securities, substantially in
the form attached hereto as Exhibit B.

 

“Common Security” means an
undivided beneficial interest in the assets of the Trust, having a Liquidation
Amount of $10 and having the rights provided therefor in this Trust Agreement,
including the right to receive Distributions and a Liquidation Distribution as
provided herein.

 

“Corporate Trust Office” means
the office at which, at any particular time, the corporate trust business of
the Property Trustee or the Debenture Trustee, as the case may be, shall be
principally administered, which office at the date hereof, in each such case,
is located at Rodney Square North, 1100 North Market Street, Wilmington,
Delaware, Attention: Corporate Trust Administration.

 

“Debenture Event of Default”
means an “Event of Default” as defined in Section 7.1 of the Indenture.

 

“Debenture Redemption Date”
means, with respect to any Debentures to be redeemed under the Indenture, the
date fixed for redemption under the Indenture.

 

“Debenture Tax Event” means a “Tax
Event” as specified in Section 1.1 of the Indenture.

 

“Debenture Trustee” means
Wilmington Trust Company, a banking corporation organized under the laws of the
State of Delaware] and any successor thereto, as trustee under the Indenture.

 

“Debentures” means the
$30,927,840 (or $35,567,020 if the Underwriters exercise their Option as such
term is defined in the Underwriting Agreement) aggregate principal amount of
the Depositor’s     .    % Subordinated
Debentures due 2038, issued pursuant to the Indenture.

 

“Definitive Preferred Securities Certificates”
means Preferred Securities Certificates issued in certificated, fully
registered form as provided in Section 512.

 

4

 

“Delaware Bank” has the meaning
specified in the Preamble to this Trust Agreement.

 

“Delaware Statutory Trust Act”
means Chapter 38 of Title 12 of the Delaware Code, 12 Delaware Code
Sections 3801 et seq. as it
may be amended from time to time.

 

“Delaware Trustee” means the
commercial bank or trust company identified as the “Delaware Trustee” in the
Preamble to this Trust Agreement solely in its capacity as Delaware Trustee of
the Trust continued hereunder 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.

 

“Depository” means DTC or any
successor thereto.

 

“Distribution Date” has the
meaning specified in Section 401(a).

 

“Distributions” means amounts
payable in respect of the Trust Securities as provided in Section 401.

 

“DTC” means The Depository Trust
Company.

 

“Early Termination Event” has the
meaning specified in Section 902.

 

“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):

 

(a)          the occurrence of a Debenture Event of
Default;

 

(b)          default by the Trust or the Property
Trustee in the payment of any Distribution when it becomes due and payable, and
continuation of such default for a period of 30 days;

 

(c)          default by the Trust or the Property
Trustee in the payment of any Redemption Price of any Trust Security when it
becomes due and payable;

 

(d)          default in the performance, or breach,
in any material respect, of any covenant or warranty of any of the Trustees in
this Trust Agreement (other than a covenant or warranty a default in the
performance of which or the breach of which is dealt with in clause (b) or
(c), above) and continuation of such default or breach for a period of 60 days
after there has been given, by registered or certified mail, to the defaulting
Trustee or Trustees by the Holders of at least 25% in aggregate Liquidation
Amount of the Outstanding Preferred 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

 

5

 

(e)          the occurrence of a Bankruptcy Event
with respect to the Property Trustee and the failure by the Depositor to
appoint a successor Property Trustee within 60 days thereof.

 

“Exchange Act” means the
Securities Exchange Act of 1934, as amended.

 

“Expense Agreement” means the
Agreement as to Expenses and Liabilities between the Depositor and the Trust,
substantially in the form attached hereto as Exhibit C, as amended from
time to time.

 

“Expiration Date” has the meaning
specified in Section 901.

 

“Extension Period” has the meaning
specified in Section 4.1 of the Indenture.

 

“Global Preferred Securities Certificate”
means a Preferred Securities Certificate evidencing ownership of Global
Preferred Securities.

 

“Global Preferred Security” means
a Preferred Security, the ownership and transfer of which shall be made through
book entries by a Clearing Agency as described herein.

 

“Guarantee” means the Preferred
Securities Guarantee Agreement executed and delivered by the Depositor and
Wilmington Trust Company, as trustee, contemporaneously with the execution and
delivery of this Trust Agreement, for the benefit of the Holders of the
Preferred Securities, as amended from time to time.

 

“Indenture” means the Indenture,
dated as of
                  ,
2008, between the Depositor and the Debenture Trustee, as trustee, as amended
or supplemented from time to time, pertaining to the Debentures of the
Depositor.

 

“Investment Company Act” means
the Investment Company Act of 1940, as amended, as in effect at the date of
execution of this instrument.

 

“Investment Company Event” means
the receipt by the Trust and the Depositor of an Opinion of Counsel, rendered
by a law firm having a recognized national tax and securities law practice
within a reasonable period of time after the applicable occurrence, 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 shall be
considered an “investment company” that is required to be registered under the
Investment Company Act, which Change in 1940 Act Law becomes 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.

 

6

 

“Like Amount” means (a) with
respect to a redemption of Trust Securities, Trust Securities having an
aggregate Liquidation Amount equal to the aggregate principal amount of Debentures
to be contemporaneously redeemed in accordance with the Indenture and the
proceeds of which shall be used to pay the Redemption Price of such Trust
Securities; and (b) with respect to a distribution of Debentures to
Holders of Trust Securities in connection with a termination or liquidation of
the Trust, Debentures having a principal amount equal to the Liquidation Amount
of the Trust Securities of the Holder to whom such Debentures are
distributed.  Each Debenture distributed
pursuant to clause (b) above shall carry with it accrued interest in
an amount equal to the accrued and unpaid interest then due on such Debenture.

 

“Liquidation Amount” means the
stated amount of $10 per Trust Security.

 

“Liquidation Date” means the date
on which Debentures are to be distributed to Holders of Trust Securities in
connection with a termination and liquidation of the Trust pursuant to Section 904(a).

 

“Liquidation Distribution” has
the meaning specified in Section 904(d).

 

“Officers’ Certificate” means a
certificate signed by the President and Chief Executive Officer or a Senior
Vice President and by the Treasurer or an Assistant Treasurer or the Controller
or an Assistant Controller or the Secretary or an Assistant Secretary of the
Depositor, and delivered to the appropriate Trustee.  One of the officers signing an Officers’
Certificate given pursuant to Section 816 shall be the principal
executive, financial or accounting officer of the Depositor.  Any Officers’ Certificate delivered with
respect to compliance with a condition or covenant provided for in this Trust
Agreement shall include:

 

(a)          a statement that each officer signing
the Officers’ 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 each officer in
rendering the Officers’ Certificate;

 

(c)          a statement that each 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 each such officer, such condition or covenant has been complied
with.

 

“Opinion of Counsel” means an
opinion in writing of independent outside legal 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.

 

“Option” has the meaning specified
in the Underwriting Agreement.

 

7

 

“Option Closing Date” has the
meaning specified in the Underwriting Agreement.

 

“Original Trust Agreement” has
the meaning specified in the Recitals to this Trust Agreement.

 

“Outstanding,” when used with
respect to the Preferred Securities, means, as of the date of determination,
all of the Preferred Securities theretofore executed and delivered under this
Trust Agreement, except:

 

(a)                               the Preferred Securities
theretofore canceled by the Property Trustee or delivered to the Property
Trustee for cancellation;

 

(b)                              the Preferred 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 Securities, provided that,
if such Preferred Securities are to be redeemed, notice of such redemption has
been duly given pursuant to this Trust Agreement; and

 

(c)                               the Preferred Securities which
have been paid or in exchange for or in lieu of which other Preferred
Securities have been executed and delivered pursuant to Sections 505, 506,
512 and 514; provided, however, that in
determining whether the Holders of the requisite Liquidation Amount of the
Outstanding Preferred Securities have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, the Preferred Securities owned
by the Depositor, any Trustee or any Affiliate of the Depositor or any Trustee
shall be disregarded and deemed not to be Outstanding, except that (i) in
determining whether any Trustee shall be protected in relying upon any such
request, demand, authorization, direction, notice, consent or waiver, only the
Preferred Securities that such Trustee knows to be so owned shall be so
disregarded; and (ii) the foregoing shall not apply at any time when all
of the Outstanding Preferred Securities are owned by the Depositor, one or more
of the Trustees and/or any such Affiliate. 
The Preferred 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 Securities and the pledgee is not the Depositor or any other
Obligor upon the Preferred Securities or a Person directly or indirectly
controlling or controlled by or under direct or indirect common control with
the Depositor or any Affiliate of the Depositor.

 

“Paying Agent” means any paying
agent or co-paying agent appointed pursuant to Section 510 and shall
initially be the Bank.

 

“Payment Account” means a
segregated, non-interest-bearing corporate trust account maintained by the
Property Trustee with the Bank in its trust department for the benefit of the
Securityholders in which all amounts paid in respect of the Debentures shall be
held and from which the Property Trustee shall make payments to the
Securityholders in accordance with Sections 401 and 402.

 

8

 

“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 Securities Certificate”
means a certificate evidencing ownership of Preferred Securities, substantially
in the form attached hereto as Exhibit D.

 

“Preferred Security” means an
undivided beneficial interest in the assets of the Trust, having a Liquidation
Amount of $10 and having the rights provided therefor in this Trust Agreement,
including the right to receive Distributions and a Liquidation Distribution as
provided herein.

 

“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 heretofore formed and continued hereunder and not in its individual
capacity, or its successor in interest in such capacity, or any successor
property 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 and the stated maturity of the Debentures
shall be a Redemption Date for a Like Amount of Trust Securities.

 

“Redemption Price” means, with
respect to any Trust Security, the Liquidation Amount of such Trust Security,
plus accumulated and unpaid Distributions to the Redemption Date, paid by the
Depositor upon the concurrent redemption of a Like Amount of Debentures,
allocated on a pro rata basis (based on
Liquidation Amounts) among the Trust Securities.

 

“Relevant Trustee” has the
meaning specified in Section 810.

 

“Securities Register” and “Securities Registrar” have the respective meanings
specified in Section 505.

 

“Securityholder” or “Holder” means a Person in whose name a Trust Security is or
Trust Securities are registered in the Securities Register; any such Person is
a beneficial owner within the meaning of the Delaware Statutory Trust Act.

 

“Successor Securities” has the
meaning specified in Section 905.

 

“Trust” means the Delaware
statutory trust created 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 all
exhibits hereto, including, for all purposes of this Trust Agreement and any
such modification, amendment or supplement, the provisions of the Trust
Indenture Act that are 

 

9

 

deemed to be a part of and govern this Trust Agreement
and any such modification, amendment or supplement, respectively.

 

“Trust Indenture Act” means the
Trust Indenture Act of 1939, as amended, as in force at the date as of which
this instrument was executed; provided, however,
that in the event the Trust Indenture Act of 1939, as amended, 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 (a) the
Debentures; (b) the rights of the Property Trustee under the Guarantee; (c) any
cash on deposit in, or owing to, the Payment Account; and (d) all proceeds
and rights in respect of the foregoing and any other property and assets for
the time being held or deemed to be held by the Property Trustee pursuant to
this Trust Agreement.

 

“Trust Security” means any one of
the Common Securities or the Preferred Securities.

 

“Trust Securities Certificate”
means any one of the Common Securities Certificates or the Preferred Securities
Certificates.

 

“Trustees” means, collectively,
the Property Trustee, the Delaware Trustee and the Administrative Trustees.

 

“Underwriting Agreement” means
the Underwriting Agreement, dated as of
                ,
2008, among the Trust, the Depositor, Howe Barnes Hoefer & Arnett, Inc.,
as representative of the several Underwriters named therein, and the
Underwriters named therein.

 

“Underwriters” has the meaning
specified in the Underwriting Agreement.

 

Article II

ESTABLISHMENT OF THE TRUST

 

Section 201.                            Name.  The Trust continued hereby shall be known as “First Busey Statutory Trust V,” 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 engage in the transactions contemplated hereby, make and
execute contracts and other instruments on behalf of the Trust and sue and be
sued.

 

Section  202.                           Office  of  the  Delaware  Trustee;  Principal  Place  of  Business.  The
address  of  the  Delaware  Trustee  in  the  State  of  Delaware  is  c/o  Wilmington  Trust  Company,  Rodney  Square  North,  1100  North  Market  Street,  Wilmington,  Delaware  19890-0001,  Attention:  Corporate  Trust  Administration,  or  such  other  address  in  the  State  of  Delaware  as  the  Delaware  Trustee  may  designate  by  written  notice  to  the  Securityholders  and  the  Depositor.  The
principal  executive  office  of  the  Trust  is  c/o  First  Busey  Corporation,  201  West  Main  Street,  Urbana,  Illinois  61801,  Attention:  Chief  Executive  Officer.

 

10

 

Section 203.                            Initial Contribution of Trust
Property; Organizational Expenses.  The Trustees
acknowledge 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 204.                            Issuance of the Preferred
Securities.  On
                ,
2008, the Depositor, on behalf of the Trust and pursuant to the Original Trust
Agreement, executed and delivered the Underwriting Agreement.  Contemporaneously with the execution and
delivery of this Trust Agreement, an Administrative Trustee, on behalf of the
Trust, shall execute in accordance with Section 502, and deliver in
accordance with the Underwriting Agreement, Preferred Securities Certificates,
registered in the name of the Persons entitled thereto, in an aggregate amount
of 3,000,000 Preferred Securities having an aggregate Liquidation Amount of
$30,000,000 against receipt of the aggregate purchase price of such Preferred
Securities of $30,000,000, which amount such Administrative Trustee shall
promptly deliver to the Property Trustee. 
If the Underwriters exercise their Option and there is an Option Closing
Date, then an Administrative Trustee, on behalf of the Trust, shall execute in
accordance with Section 502, and deliver in accordance with the
Underwriting Agreement, Preferred Securities Certificates, registered in the name
of the Persons entitled thereto in an aggregate amount of up to 450,000
Preferred Securities having an aggregate Liquidation Amount of up to $4,500,000
against receipt of the aggregate purchase price of such Preferred Securities of
up to $4,500,000, which amount such Administrative Trustee shall promptly
deliver to the Property Trustee.

 

Section 205.                            Issuance of the Common
Securities; Subscription and Purchase of the Debentures.  (a) Contemporaneously with the execution
and delivery of this Trust Agreement, an Administrative Trustee, on behalf of
the Trust, shall execute in accordance with Section 502 and deliver to the
Depositor, Common Securities Certificates, registered in the name of the
Depositor, in an aggregate amount of 92,784 Common Securities having an
aggregate Liquidation Amount of $927,840 against payment by the Depositor of
such amount.  Contemporaneously
therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe
to and purchase from the Depositor Debentures, registered in the name of the
Property Trustee on behalf of the Trust and having an aggregate principal
amount equal to $30,927,840, and, in satisfaction of the purchase price for
such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to
the Depositor the sum of $30,927,840.

 

(b)                              If the Underwriters exercise the
Option and there is an Option Closing Date, then an Administrative Trustee, on
behalf of the Trust, shall execute in accordance with Section 502 and
deliver to the Depositor, Common Securities Certificates, registered in the
name of the Depositor, in an additional aggregate amount of up to 13,918 Common
Securities having an aggregate Liquidation Amount of up to $139,180 against
payment by the Depositor of an amount equal to the product of $10 multiplied by
the number of additional Common Securities purchased by Depositor.  Contemporaneously therewith, an
Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase
from the Depositor, additional Debentures, registered in the name of the
Property Trustee on behalf of the Trust and having an aggregate principal
amount of up to $4,639,810, and, in satisfaction of the purchase price of such
Debentures, the 

 

11

 

Property Trustee, on behalf of the Trust, shall deliver to
the Depositor up to $4,639,810, such aggregate amount to be equal to the sum of
the amounts received from the Depositor pursuant to the first sentence of this Section 205(b) and
from one of the Administrative Trustees pursuant to the last sentence of Section 204.

 

Section 206.                            Declaration of Trust.  The exclusive purposes and functions of the
Trust are: (a) to issue and sell Trust Securities and use the proceeds
from such sale to acquire the Debentures; and (b) to engage in those
activities necessary, advisable 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
shall hold the Trust Property in trust upon and subject to the conditions set
forth herein for the benefit of the Securityholders.  The Administrative 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.  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 Statutory
Trust Act.

 

Section 207.                            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 207 and Article VIII, and in
accordance with the following provisions (i) and (ii), the
Administrative Trustees shall have the authority to enter into all transactions
and agreements determined by the Administrative Trustees to be appropriate in
exercising the authority, express or implied, otherwise granted to the
Administrative Trustees under this Trust Agreement, and to perform all acts in
furtherance thereof, including, without limitation, the following:

 

(i)                                      As among the Trustees, each
Administrative Trustee, acting singly or jointly, shall have the power and
authority to act on behalf of the Trust with respect to the following matters:

 

(A)                              the issuance and sale of the
Trust Securities and the compliance with the Underwriting Agreement in
connection therewith;

 

(B)                                to cause the Trust to enter
into, and to execute, deliver and perform on behalf of the Trust, the Expense
Agreement and such other agreements or documents as may be necessary or
desirable in connection with the purposes and function of the Trust;

 

(C)                                assisting in the registration of
the Preferred 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;

 

12

 

(D)                               assisting in the listing of the
Preferred Securities upon the NASDAQ Stock Market or such securities exchange
or exchanges as shall be determined by the Depositor and the registration of
the Preferred Securities under the Exchange Act, and the preparation and filing
of all periodic and other reports and other documents pursuant to the
foregoing;

 

(E)                                 the sending of notices (other
than notices of default) and other information regarding the Trust Securities
and the Debentures to the Securityholders in accordance with this Trust
Agreement;

 

(F)                                 the appointment of a Paying
Agent, Authenticating Agent and Securities Registrar in accordance with this
Trust Agreement;

 

(G)                                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 the State of Delaware;

 

(H)                               the taking of 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
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 Securities or to enable the Trust to effect the
purposes for which the Trust was created; and

 

(I)                                    the taking of any action
incidental to the foregoing as the Administrative Trustees may from time to
time determine is necessary or advisable to give effect to the terms of this
Trust Agreement for the benefit of the Securityholders (without consideration
of the effect of any such action on any particular Securityholder).

 

(ii)                                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 matters:

 

(A)                              the establishment of the Payment
Account;

 

(B)                                the receipt of the Debentures;

 

(C)                                the collection of interest,
principal and any other payments made in respect of the Debentures in the
Payment Account;

 

13

 

(D)                               the distribution of amounts owed
to the Securityholders in respect of the Trust Securities in accordance with
the terms of this Trust Agreement;

 

(E)                                 the exercise of all of the
rights, powers and privileges of a holder of the Debentures;

 

(F)                                 the sending of notices of
default and other information regarding the Trust Securities and the Debentures
to the Securityholders in accordance with this Trust Agreement;

 

(G)                                the distribution of the Trust
Property in accordance with the terms of this Trust Agreement;

 

(H)                               to the extent provided in this
Trust Agreement, the winding up of the affairs of and liquidation of the Trust;

 

(I)                                    after an Event of Default, the
taking of any action incidental to the foregoing as the Property Trustee may
from time to time determine is necessary or advisable to give effect to the
terms of this Trust Agreement and 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);

 

(J)                                   registering transfers of the
Trust Securities in accordance with this Trust Agreement; and

 

(K)                               except as otherwise provided in
this Section 207(a)(ii), the Property Trustee shall have none of the
duties, liabilities, powers or the authority of the Administrative Trustees set
forth in Section 207(a)(i).

 

(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 shall not (i) acquire any investments
or engage in any activities not authorized by this Trust Agreement; (ii) sell,
assign, transfer, exchange, mortgage, 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
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 issue any other debt; or (v) take or consent to any
action that would result in the placement of a Lien on any of the Trust
Property.  The Administrative 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.

 

14

 

(c)                                In connection with the issue and
sale of the Preferred Securities, the Depositor 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)                                     the preparation and filing by
the Trust with the Commission and the execution on behalf of the Trust of a
registration statement on the appropriate form in relation to the Preferred
Securities, the Debentures, and the Guarantee including any amendments thereto;

 

(ii)                                  the determination of the states in
which to take appropriate action to qualify or register for sale all or part of
the Preferred 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;

 

(iii)                               the preparation for filing by
the Trust and execution on behalf of the Trust of an application to the NASDAQ
Stock Market or a national stock exchange or other organization for listing or
quotation upon notice of issuance of any Preferred Securities and to file or
cause an Administrative Trustee to file thereafter with such exchange or
organization such notifications and documents as may be necessary from time to
time;

 

(iv)                              the
preparation  for  filing  by  the  Trust  with  the  Commission  and  the  execution  on  behalf  of  the  Trust  of  a  registration  statement  on  Form  8-A  relating  to  the  registration  of  the  Preferred  Securities  under  Section  12(b)  or  12(g)  of  the  Exchange  Act,  including  any  amendments  thereto;

 

(v)                                 the negotiation of the terms of,
and the execution and delivery of, the Underwriting Agreement providing for the
sale of the Preferred Securities; and

 

(vi)                              the taking of 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 authorized and directed to
conduct the affairs of the Trust and to operate the Trust so that: (i) the
Trust shall not be deemed to be an “investment company” required to be
registered under the Investment Company Act; (ii) the Trust shall be
classified as a “grantor trust” and not as an association taxable as a
corporation for United States federal income tax purposes; and (iii) the
Debentures shall be treated as indebtedness of the Depositor for United States
federal income tax purposes.  In this
connection, subject to Section 1002, the Depositor 

 

15

 

and the Administrative Trustees are authorized to take any
action and the Administrative Trustees are authorized to direct the Property
Trustee in writing to take any action, not inconsistent with applicable law or
this Trust Agreement, that each of the Depositor and the Administrative
Trustees determines in their discretion to be necessary or desirable for such
purposes but in no event shall the Depositor, Administrative Trustee, or
Property Trustee have the power to take any action, permit any action to be
taken, or refrain to act in such a manner, that could cause the Trust to not be
treated as a grantor trust for federal income tax purposes.  The Property Trustee shall take any action so
directed by one or more of the Administrative Trustees.

 

Section 208.                            Assets of Trust.  The assets of the Trust shall consist of the
Trust Property.

 

Section 209.                            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 301.                            Payment Account.  (a) On or prior to the Closing Date, the
Property Trustee shall establish the Payment Account.  The Property Trustee and any agent of the
Property Trustee shall have exclusive control and sole right of withdrawal with
respect to the Payment Account for the purpose of making deposits 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
Securityholders and for distribution as herein provided, including (and subject
to) any priority of payments provided for herein.

 

(b)                              The Property Trustee shall
deposit in the Payment Account, promptly upon receipt, all payments of
principal of 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.

 

Article IV

DISTRIBUTIONS; REDEMPTION

 

Section 401.                            Distributions.  (a) Distributions on the Trust
Securities shall be cumulative, and shall accumulate whether or not there are
funds of the Trust available for the payment of Distributions.  Distributions shall accumulate from the date
of issuance of the Trust Securities, and, except during any Extension Period
with respect to the Debentures, shall be payable quarterly in arrears on March 15,
June 15, September 15 and December 15 of each year, 

 

16

 

commencing on December 15, 2008.  If any date on which a Distribution is
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 that is a
Business Day (and without any interest or other payment in respect of any such
delay), except that if such Business Day is in the next succeeding calendar
year, such payment shall be made on the immediately preceding Business Day (and
without any reduction in interest or any other payment in respect of any such
acceleration), 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 401(a),
a “Distribution Date”).

 

(b)                              The Trust Securities represent
undivided beneficial interests in the Trust Property.  Distributions on the Trust Securities shall
be payable at a rate of     .    % per
annum of the Liquidation Amount of the Trust Securities.  The amount of Distributions payable for any
full period shall be computed on the basis of a 360-day year of twelve 30-day
months.  The amount of Distributions for
any partial period shall be computed on the basis of the number of days elapsed
in a 360-day year of twelve 30-day months. 
During any Extension Period with respect to the Debentures,
Distributions on the Preferred Securities shall be deferred for a period equal
to the Extension Period.  The amount of
Distributions payable for any period shall include the Additional Amounts, if
any.

 

(c)                               Distributions on the Trust
Securities shall be made by the Property Trustee solely from the Payment
Account and shall be payable on each Distribution Date only to the extent that
the Trust has funds then on hand and immediately available by 12:30 p.m.
on each Distribution Date 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 the first day of March, June, September or
December for Distributions payable on the 15th calendar day of the
respective month; provided, however, that for any
Trust Securities held in global form, Distributions shall be payable to the
Holder thereof as of one Business Day immediately preceding the Distribution
Date.

 

Section 402.                            Redemption.  (a) Only on each Debenture Redemption
Date and at maturity of the Debentures shall the Trust be required to redeem a
Like Amount of Trust Securities at the Redemption Price.

 

(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
Securities Register.  The Property
Trustee shall have no responsibility for the accuracy of any CUSIP number
contained in such notice.  All notices of
redemption shall state:

 

(i)                                       the Redemption Date;

 

(ii)                                    the Redemption Price;

 

17

 

(iii)                              the CUSIP number;

 

(iv)                              if less than all the Outstanding
Trust Securities are to be redeemed, the identification and the aggregate
Liquidation Amount of the particular Trust Securities to be redeemed;

 

(v)                                 that, on the Redemption Date,
the Redemption Price shall become due and payable upon each such Trust Security
to be redeemed and that Distributions thereon shall cease to accumulate on and
after said date, except as provided in Section 402(d); and

 

(vi)                              the place or places at which
Trust Securities are to be surrendered for the payment of the Redemption Price.

 

(c)                                 The Trust Securities redeemed on
each Redemption Date shall be redeemed at the Redemption Price with the
proceeds from the contemporaneous redemption of the Debentures.  Redemptions of the Trust Securities shall be
made and the Redemption Price shall be payable on each Redemption Date only to
the extent that the Trust has immediately available funds then on hand and
available in the Payment Account for the payment of such Redemption Price.

 

(d)                                If the Property Trustee gives a
notice of redemption in respect of any Preferred Securities, then, by
12:00 noon, New York City time, on the Redemption Date, the
Property Trustee, subject to Section 402(c), shall, with respect to
Preferred Securities held in global form, deposit with the Clearing Agency for
such Preferred Securities, to the extent available therefor, funds sufficient
to pay the applicable Redemption Price and will give such Clearing Agency
irrevocable instructions and authority to pay the Redemption Price to the
Holders of the Preferred Securities. 
With respect to Trust Securities that are not held in global form, the
Property Trustee, subject to Section 402(c), shall deposit with the Paying
Agent funds sufficient to pay the applicable Redemption Price and shall give
the Paying Agent irrevocable instructions and authority to pay the Redemption
Price to the Holders thereof upon surrender of their Preferred Securities
Certificates.  Notwithstanding the
foregoing, Distributions payable 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 upon the date of such
deposit: (i) all rights of Securityholders holding Trust Securities so
called for redemption shall cease, except the right of such Securityholders to
receive the Redemption Price, but without interest; (ii) such Trust
Securities shall cease to be Outstanding; (iii) the Clearing Agency for
the Preferred Securities or its nominee, as the registered Holder of the Global
Preferred Securities Certificate, shall receive a registered global certificate
or certificates representing the Debentures to be delivered upon such
distribution with respect to Preferred Securities held by the Clearing Agency
or its nominee; and (iv) any Trust Securities Certificates not held by the
Clearing Agency for the Preferred Securities or its nominee as specified in
clause (iii) above will be deemed to represent Debentures having a
principal amount equal to the stated Liquidation Amount of the Trust

 

18

 

Securities
represented thereby and bearing accrued and unpaid interest in an amount equal
to the accumulated and unpaid Distributions on such Trust Securities until such
certificates are presented to the Securities Registrar for transfer or
reissuance.  In the event that any date
on which any Redemption Price is payable is not a Business Day, then payment of
the Redemption Price payable on such date shall be made on the next succeeding
day that is a Business Day (and without any interest or other payment in
respect of any such delay), except that, if such Business Day is in the next
succeeding calendar year, such payment shall be made on the immediately
preceding Business Day (and without any reduction of interest or any other
payment in respect of any such acceleration), in each case with the same force
and effect as if made on such date.  In
the event that payment of the Redemption Price in respect of any Trust
Securities called for redemption is improperly withheld or refused and not paid
either by the Trust or by the Depositor pursuant to the Guarantee,
Distributions on such Trust Securities shall continue to accumulate, at the
then applicable rate, from the Redemption Date originally established by the
Trust for such Trust Securities to the date such Redemption Price is actually
paid, in which case the actual payment date shall be the date fixed for
redemption for purposes of calculating the Redemption Price.

 

(e)                                  Payment of the Redemption Price
on the Trust Securities shall be made to the record holders thereof as they
appear on the Securities Register for the Trust Securities on the relevant
record date, which shall be the date 15 days prior to the relevant Redemption
Date; provided, however, that for any Trust
Securities held in global form, the record date shall be the Business Day
immediately preceding the relevant Redemption Date.

 

(f)                                    Subject to Section 403(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 on a pro rata basis
(based on Liquidation Amounts) among the Common Securities and the Preferred
Securities.  The particular Preferred
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
Securities not previously called for redemption, by such method (including,
without limitation, by lot) as the Property Trustee shall deem fair and appropriate
and which may provide for the selection for redemption of portions (equal to
such Liquidation Amount or an integral multiple of such Liquidation Amount in
excess thereof) of the Liquidation Amount of the Preferred Securities of a
denomination larger than such Liquidation Amount; provided,
however, that in the event the redemption relates only to Preferred
Securities purchased and held by the Depositor being redeemed in exchange for a
Like Amount of Debentures, the Property Trustee shall select those particular
Preferred Securities for redemption.  The
Property Trustee shall promptly notify the Securities Registrar in writing of
the Preferred Securities selected for redemption and, in the case of any
Preferred 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 the Preferred Securities shall relate, in the
case of any Preferred Securities redeemed or to be redeemed only in part, to
the portion of the Liquidation Amount of the Preferred Securities which has
been or is to be redeemed.

 

Section 403.                            Subordination of the Common
Securities.  (a) Payment of Distributions (including
Additional Amounts, if applicable) on, and the Redemption Price of, the Trust
Securities, as applicable, shall be made, subject to Section 402(f), pro rata among the Common Securities and the Preferred
Securities based on the Liquidation Amount of the Trust Securities;

 

19

 

provided, however, that if on any Distribution Date or Redemption Date any
Event of Default resulting from a Debenture Event of Default shall have
occurred and be continuing, no payment of any Distribution (including
Additional Amounts, if applicable) on, or Redemption Price of, any Common
Security, and no other payment on account of the redemption, liquidation or
other acquisition of the Common 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 Securities for all
Distribution periods terminating on or prior thereto, or in the case of payment
of the Redemption Price the full amount of such Redemption Price on all
Outstanding Preferred Securities then called for redemption, 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 the Redemption Price of,
the Preferred 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
the Common Securities shall 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 Securities
shall have been cured, waived or otherwise eliminated.  Until any such Event of Default under this
Trust Agreement with respect to the Preferred Securities shall have been so
cured, waived or otherwise eliminated, the Property Trustee shall act solely on
behalf of the Holders of the Preferred Securities and not the Holder of the
Common Securities, and only the Holders of the Preferred Securities shall have
the right to direct the Property Trustee to act on their behalf.

 

Section 404.                            Payment Procedures.  Payments of Distributions (including
Additional Amounts, if applicable) in respect of the Preferred Securities
shall, subject to the next succeeding sentence, 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 Securities are held by a Clearing
Agency, such Distributions shall be made to the Clearing Agency in immediately
available funds, which will credit the relevant accounts on the applicable
Distribution Dates.  A Holder may receive
payments of cash Distributions (including any Additional Amounts) by wire
transfer of immediately available funds upon written request to the Property
Trustee not later than the 15th calendar day, whether or not a Business Day,
before the relevant Distribution Date. 
Payments in respect of the Common Securities shall be made in such
manner as shall be mutually agreed between the Property Trustee and the Holder
of the Common Securities.

 

Section 405.                            Tax Returns and Reports.  The Administrative Trustees shall prepare (or
cause to be prepared), at the Depositor’s expense, 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 and filed) the appropriate Internal Revenue Service forms
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 each
Securityholder the appropriate Internal Revenue Service forms required to be
furnished to such Securityholder or the information required to be provided on
such forms.  The Administrative Trustees
shall provide the Depositor with a copy of all such returns and reports
promptly after such filing or furnishing. 
The Property Trustee shall comply with United States federal withholding
and backup withholding tax laws and information reporting requirements 

 

20

 

with
respect to any payments to the Securityholders under the Trust Securities and
the Securityholders shall provide any information required by the Property
Trustee in connection with such requirements.

 

Section 406.                            Payment of Taxes, Duties, Etc. of
the Trust.  Upon receipt under the Debentures of
Additional Payments, the Property Trustee, at the direction of an
Administrative Trustee or the Depositor, shall promptly pay any taxes, duties
or governmental charges of whatsoever nature (other than withholding taxes)
imposed on the Trust by the United States or any other taxing authority.

 

Section 407.                            Payments under the Indenture.  Any amount payable hereunder to any Holder of
Preferred Securities shall be reduced by the amount of any corresponding
payment such Holder has directly received under the Indenture pursuant to Section 514(b) or
(c) hereof.

 

Article V

THE TRUST SECURITIES CERTIFICATES

 

Section 501.                            Initial Ownership.  Upon the creation of the Trust and the
contribution by the Depositor pursuant to Section 203 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 502.                            The Trust Securities Certificates.  The Preferred Securities Certificates shall
be issued in minimum denominations of the Liquidation Amount and integral
multiples of such Liquidation Amount in excess thereof, and the Common
Securities Certificates shall be issued in denominations of the 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.  The 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, 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 Sections 505, 512 and
514.

 

Section 503.                            Execution, Authentication and
Delivery of the Trust Securities Certificates.  (a) On the
Closing Date and, if applicable, the Option Closing Date, the Administrative
Trustees shall cause Trust Securities Certificates, in an aggregate Liquidation
Amount as provided in Sections 204 and 205, to be executed on behalf of
the Trust by the manual or facsimile signature of at least one of the
Administrative Trustees and delivered to or upon the written order of the
Depositor, signed by its Chief Executive Officer, President, any 

 

21

 

Senior
Vice President, the Treasurer or any Assistant Treasurer without further
corporate action by the Depositor, in authorized denominations.

 

(b)                              A Preferred Securities
Certificate shall not be valid until authenticated by the manual signature of
an authorized signatory of the Property Trustee on a Certificate of
Authentication in substantially the form attached hereto as Exhibit E.  The Certificate of Authentication shall be
conclusive evidence that the Preferred Securities Certificate has been
authenticated under this Trust Agreement. 
Each Preferred Security Certificate shall be dated the date of its
authentication.

 

(c)                               Upon the written order of the
Trust signed by one of the Administrative Trustees, the Property Trustee shall
authenticate and make available for delivery the Preferred Securities
Certificates.

 

(d)                              The Property Trustee may appoint
an Authenticating Agent acceptable to the Trust to authenticate the Preferred
Securities.  An Authenticating Agent may
authenticate the Preferred Securities whenever the Property Trustee may do
so.  Each reference in this Trust
Agreement to authentication by the Property Trustee includes authentication by
such agent.  An Authenticating Agent has
the same rights as the Property Trustee to deal with the Depositor or the
Trust.

 

Section 504.                            Global Preferred Security. 
(a) Any Global Preferred Security issued under this Trust Agreement
shall be registered in the name of the nominee of the Clearing Agency and
delivered to such custodian therefor, and such Global Preferred Security shall
constitute a single Preferred Security for all purposes of this Trust
Agreement.

 

(b)                              Notwithstanding any other
provision in this Trust Agreement, no Global Preferred Security may be
exchanged for Preferred Securities registered in the names of persons other
than the Depositary or its nominee unless (i) the Depositary notifies the
Administrative Trustees and Property Trustee in writing that it is unwilling or
unable to continue as a depositary for such Global Preferred Securities and the
Depositor is unable to locate a qualified successor depositary, (ii) the
Depositor executes and delivers to the Administrative Trustees and Property
Trustee a written order stating that it elects to terminate the book-entry
system through the Depositary or (iii) there shall have occurred and be
continuing a Debenture Event of Default.

 

(c)                               If a Preferred Security is to be
exchanged in whole or in part for a beneficial interest in a Global Preferred
Security, then either (i) such Global Preferred Security shall be so
surrendered for exchange or cancellation as provided in this Article V or (ii) the
Liquidation Amount thereof shall be reduced or increased by an amount equal to
the portion thereof to be so exchanged or cancelled, or equal to the
Liquidation Amount of such other Preferred Securities to be so exchanged for a
beneficial interest therein, as the case may be, by means of an appropriate
adjustment made on the records of the Securities Registrar, whereupon the
Property Trustee, in accordance with the rules and procedures of the
Depositary for such Global Preferred Security (the “Applicable
Procedures”), shall instruct the Clearing Agency or its authorized
representative to make a corresponding adjustment to its records.  Upon any such

 

22

 

surrender
or adjustment of a Global Preferred Security by the Clearing Agency,
accompanied by registration instructions, the Administrative Trustees shall
execute and the Property Trustee shall, subject to Section 505(b) and
as otherwise provided in this Article V, authenticate and deliver any
Preferred Securities issuable in exchange for such Global Preferred Security
(or any portion thereof) in accordance with the instructions of the Clearing
Agency.  The Property Trustee shall not
be liable for any delay in delivery of such instructions and may conclusively
rely on, and shall be fully protected in relying on, such instructions.

 

(d)                              Every Preferred Security
executed, authenticated and delivered upon registration of transfer of, or in
exchange for or in lieu of, a Global Preferred Security or any portion thereof,
whether pursuant to this Article V or otherwise, shall be executed,
authenticated and delivered in the form of, and shall be, a Global Preferred
Security, unless such Global Preferred Security is registered in the name of a
Person other than the Clearing Agency for such Global Preferred Security or a
nominee thereof.

 

(e)                               The Clearing Agency or its nominee,
as the registered owner of a Global Preferred Security, shall be considered the
Holder of the Preferred Securities represented by such Global Preferred
Security for all purposes under this Trust Agreement and the Preferred
Securities, and owners of beneficial interests in such Global Preferred
Security shall hold such interests pursuant to the Applicable Procedures and,
except as otherwise provided herein, shall not be entitled to receive physical
delivery of any such Preferred Securities in definitive form and shall not be
considered the Holders thereof under this Trust Agreement.  Accordingly, any such owner’s beneficial
interest in the Global Preferred Securities shall be shown only on, and the
transfer of such interest shall be effected only through, records maintained by
the Clearing Agency or its nominee.  None
of the Property Trustee, the Securities Registrar or the Depositor shall have
any liability in respect of any transfers effected by the Clearing Agency.

 

(f)                                 The rights of owners of beneficial
interests in a Global Preferred Security shall be exercised only through the
Clearing Agency and shall be limited to those established by law and agreements
between such owners and the Clearing Agency.

 

Section 505.                            Registration of Transfer and Exchange
of the Preferred Securities Certificates.  (a) The
Depositor shall keep or cause to be kept, at the office or agency maintained
pursuant to Section 509, a register or registers for the purpose of
registering the Trust Securities Certificates and, subject to the provisions of
Section 504, transfers and exchanges of the Preferred Securities
Certificates (herein referred to as the “Securities Register”)
in which the registrar designated by the Depositor (the “Securities
Registrar”), subject to such reasonable regulations as it may
prescribe, shall provide for the registration of the Preferred Securities
Certificates and the Common Securities Certificates (subject to Section 511
in the case of the Common Securities Certificates) and registration of transfers
and exchanges of the Preferred Securities Certificates as herein provided.  The Property Trustee shall be the initial
Securities Registrar.

 

(b)                              Subject to the provisions of Section 504,
only upon surrender for registration of transfer of any Preferred Securities
Certificate at the office or agency maintained

 

23

 

pursuant
to Section 509 shall the Administrative Trustees or any one of them
execute and deliver, in the name of the designated transferee or transferees,
one or more new Preferred Securities Certificates in authorized denominations
of a like aggregate Liquidation Amount dated the date of execution by the
manual or facsimile signature of such Administrative Trustee or Trustees.  The Securities Registrar shall not be
required to register the transfer of any of the Preferred Securities that have
been called for redemption.  At the
option of a Holder, the Preferred Securities Certificates may be exchanged for
other Preferred Securities Certificates in authorized denominations of the same
class and of a like aggregate Liquidation Amount upon surrender of the
Preferred Securities Certificates to be exchanged at the office or agency
maintained pursuant to Section 509.

 

(c)                               Every Preferred Securities
Certificate presented or surrendered for registration of transfer or exchange,
subject to the provisions of Section 504, shall be accompanied by a
written instrument of transfer in form satisfactory to the Property Trustee and
the Securities Registrar duly executed by the Holder or his attorney duly
authorized in writing.  Each Preferred
Securities Certificate surrendered for registration of transfer or exchange
shall be canceled and subsequently disposed of by the Property Trustee in
accordance with its customary practice. 
The Trust shall not be required to: (i) issue, register the
transfer of, or exchange any of the Preferred Securities during a period
beginning at the opening of business 15 calendar days before the date of
mailing of a notice of redemption of any of the Preferred 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 of the Preferred Securities so selected for
redemption, in whole or in part, except the unredeemed portion of any such
Preferred Securities being redeemed in part.

 

(d)                              No service charge shall be made
for any registration of transfer or exchange of Preferred Securities
Certificates, subject to the provisions of Section 504, but the Securities
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 the Preferred Securities Certificates.

 

(e)                               Preferred Securities may only be
transferred, in whole or in part, in accordance with the terms and conditions
set forth in this Trust Agreement.  Any
transfer or purported transfer of any Preferred Security not made in accordance
with this Trust Agreement shall be null and void.  A Preferred Security that is not a Global
Preferred Security may be transferred, in whole or in part, to a Person who
takes delivery in the form of another Preferred Security that is not a Global
Preferred Security as provided in Section 505(a).  A beneficial interest in a Global Preferred
Security may be exchanged for a Preferred Security that is not a Global
Preferred Security only as provided in Section 504.

 

Section 506.                            Mutilated, Destroyed, Lost or
Stolen Trust Securities Certificates.  If (a) any
mutilated Trust Securities Certificate shall be surrendered to the Securities
Registrar, or if the Securities Registrar shall receive evidence to its
satisfaction of the destruction, loss or theft of any Trust Securities
Certificate; and (b) there shall be delivered to the Securities Registrar,
the Property Trustee and the Administrative Trustees such security or indemnity
as may be required by them to save each of them harmless, then in the absence
of notice that such Trust Securities

 

24

 

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 and 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 506, the Administrative Trustees or the Securities 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 506 shall constitute conclusive evidence
of an undivided beneficial interest in the assets of the Trust, as if
originally issued, whether or not the lost, stolen or destroyed Trust
Securities Certificate shall be found at any time.

 

Section 507.                            Persons Deemed the
Securityholders.  The Trustees, the Paying Agent and the
Securities Registrar shall 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 Securities
Registrar shall be bound by any notice to the contrary.

 

Section 508.                            Access to List of the
Securityholders’ Names and Addresses.  At any time when
the Property Trustee is not also acting as the Securities Registrar, the
Administrative Trustees or the Depositor shall furnish or cause to be furnished
to the Property Trustee: (a) within five Business Days of March 1, June 1,
September 1 and December 1 in each year, a list, in such form as the
Property Trustee may reasonably require, of the names and addresses of the
Securityholders as of the most recent record date; and (b) promptly after
receipt by any Administrative Trustee or the Depositor of a request therefor
from the Property Trustee in order to enable the Property Trustee to discharge
its obligations under this Trust Agreement, in each case to the extent such
information is in the possession or control of the Administrative Trustees or
the Depositor and is not identical to a previously supplied list or has not
otherwise been received by the Property Trustee in its capacity as Securities
Registrar.  The rights of the
Securityholders to communicate with other Securityholders with respect to their
rights under this Trust Agreement or under the Trust Securities, and the
corresponding rights of the Trustee, shall be as provided in the Trust
Indenture Act.  Each Holder, by receiving
and holding a Trust Securities Certificate, and each owner shall be deemed to
have agreed not to hold the Depositor, the Property Trustee or the
Administrative Trustees accountable by reason of the disclosure of its name and
address, regardless of the source from which such information was derived.

 

Section 509.                            Maintenance of Office or Agency.  The Administrative Trustees shall maintain in
a location or locations designated by the Administrative Trustees, an office or
offices or agency or agencies where the Preferred Securities Certificates may
be surrendered for registration of transfer or exchange and where notices and
demands to or upon the Trustees in respect of the Trust Securities Certificates
may be served.  The Administrative
Trustees initially designate the Corporate Trust Office of the Property
Trustee, Wilmington Trust Company, as the principal corporate trust office for
such purposes.  The Administrative
Trustees shall give prompt written notice to the Depositor and to the
Securityholders of any change in the location of the Securities Register or any
such office or agency.

 

25

 

Section 510.                            Appointment of the Paying Agent.  The Paying Agent shall initially be the
Property Trustee, and any co-paying agent chosen by the Property Trustee must
be acceptable to the Administrative Trustees and the Depositor.  The Paying Agent shall make Distributions to
the Securityholders from the Payment Account and shall report the amounts of
such Distributions to the Property Trustee and the Administrative Trustees.  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
Administrative Trustees may revoke such power and remove the Paying Agent if
such Trustees determine in their sole discretion that the Paying Agent shall
have failed to perform its obligations under this Trust Agreement in any
material respect.  Any Person acting as
Paying Agent shall be permitted to resign as Paying Agent upon 30 days’ written
notice to the Administrative Trustees, the Property Trustee and the
Depositor.  In the event that the
Property Trustee shall no longer be the Paying Agent or a successor Paying
Agent shall resign or its authority to act be revoked, the Administrative
Trustees shall appoint a successor (which shall be a bank or trust company)
that is acceptable to the Property Trustee and the Depositor to act as the
Paying Agent.  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 shall 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 removal of a Paying Agent, such Paying
Agent shall also return all funds in its possession to the Property
Trustee.  The provisions of Sections 801,
803 and 806 shall apply to the Property Trustee also in its role as the Paying
Agent, for so long as the Property Trustee shall act as Paying Agent and, to
the extent applicable, to any other Paying Agent appointed hereunder.  Any reference in this Trust Agreement to the
Paying Agent shall include any co-paying agent unless the context requires
otherwise.

 

Section 511.                            Ownership of the Common
Securities by the Depositor.  On the Closing Date, the Depositor shall
acquire and retain beneficial and record ownership of the Common
Securities.  To the fullest extent
permitted by law, any attempted transfer of the Common Securities (other than a
transfer in connection with a merger or consolidation of the Depositor into
another corporation pursuant to Section 12.1 of the Indenture) shall be
void.  The Administrative Trustees shall
cause each Common Securities Certificate issued to the Depositor to contain a
legend stating “THIS CERTIFICATE IS NOT TRANSFERABLE.”

 

Section 512.                            The Trust Securities Certificates.  (a) The Preferred Securities
Certificates shall be issued in the form of one or more fully registered Global
Preferred Securities Certificates which will be deposited with or on behalf of
the Clearing Agency and registered in the name of the Clearing Agency’s
nominee.  Unless and until it is
exchangeable in whole or in part for the Preferred Securities in definitive
form, a global security may not be transferred except as a whole by the
Clearing Agency to a nominee of the Clearing Agency or by a nominee of the
Clearing Agency to the Clearing Agency or another nominee of the Clearing
Agency or by the Clearing Agency or any such nominee to a successor of such
Clearing Agency or a nominee of such successor.

 

26

 

(b)                              A single Common Securities
Certificate representing the Common Securities shall be issued to the Depositor
in the form of a definitive Common Securities Certificate.

 

Section 513.                            Notices.  To the extent that a notice or other
communication to the Holders is required under this Trust Agreement, for so
long as Preferred Securities are represented by a Global Preferred Securities
Certificate, the Trustees shall give all such notices and communications
specified herein to be given to the Clearing Agency, and shall have no
obligation to provide notice to the owners of the beneficial interest in the
Global Preferred Securities.

 

Section 514.                            Rights of the Securityholders.  (a) The legal title to the Trust
Property is vested exclusively in the Property Trustee (in its capacity as
such) in accordance with Section 209, and the Securityholders shall not
have any right or title therein other than the 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 Trust Securities shall have no preemptive
or similar rights.  When issued and
delivered to Holders of the Preferred Securities against payment of the
purchase price therefor, the Preferred Securities shall be fully paid and
nonassessable interests in the Trust. 
The Holders of the Preferred Securities, in their capacities as such,
shall be entitled to the same limitation of personal liability extended to
stockholders of private corporations for profit organized under the General
Corporation Law of the State of Delaware.

 

(b)                              For so long as any of the
Preferred Securities remain Outstanding, if, upon a Debenture Event of Default,
the Debenture Trustee fails or the holders of not less than 25% in principal
amount of the outstanding Debentures fail to declare the principal of all of
the Debentures to be immediately due and payable, the Holders of at least 25%
in Liquidation Amount of the Preferred Securities then Outstanding shall have
such right by a notice in writing to the Depositor and the Debenture Trustee;
and upon any such declaration such principal amount of and the accrued interest
on all of the Debentures shall become immediately due and payable, provided that the payment of principal and interest on such
Debentures shall remain subordinated to the extent provided in the Indenture.

 

(c)                               For so long as any of the
Preferred Securities remain Outstanding, upon a Debenture Event of Default arising
from the failure to pay interest or principal on the Debentures, the Holders of
any of the Preferred Securities then Outstanding shall, to the fullest extent
permitted by law, have the right to directly institute proceedings for
enforcement of payment to such Holders of principal of or interest on the
Debentures having a principal amount equal to the Liquidation Amount of the
Preferred Securities of such Holders.

 

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Article VI

ACTS OF THE SECURITYHOLDERS; MEETINGS; VOTING

 

Section 601.                            Limitations on Voting Rights.  (a) Except as provided in this Section 601,
in Sections 513, 810 and 1002 and in the Indenture and as otherwise set forth
in the Guarantee or required by law, no Holder of Preferred 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, be construed so as to constitute the Securityholders
from time to time as partners or members of an association.

 

(b)                              So long as any Debentures are
held by the Property Trustee, on behalf of the Trust, the Trustees 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 Article VII of the 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 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 in Liquidation Amount of all the
Outstanding Trust Securities; provided, however,
that where a consent under the Indenture would require the consent of each
holder of outstanding Debentures affected thereby, no such consent shall be
given by the Property Trustee without the prior written consent of each Holder
of the Trust Securities.  The Trustees shall
not revoke any action previously authorized or approved by a vote of the
Holders of the Outstanding Trust Securities, except when authorized by a
subsequent vote of the Holders of the Outstanding Trust Securities.  The Property Trustee shall notify each Holder
of the Outstanding Preferred 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 Trust Securities, prior to taking any of the
foregoing actions, the Trustees shall, at the expense of the Depositor, obtain
an Opinion of Counsel experienced in such matters to the effect that the Trust
shall continue to be classified as a grantor trust and not as an association
taxable as a corporation for United States federal income tax purposes on
account of such action.

 

(c)                               If any proposed amendment to the
Trust Agreement provides for, or the Trustees otherwise propose to effect, (i) any
action that would adversely affect in any material respect the powers,
preferences or special rights of the Holders of the Preferred 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 the Outstanding Preferred
Securities as a class shall 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 a majority in Liquidation Amount of the Outstanding
Preferred Securities.  No amendment to
this Trust Agreement may be made if, as a result of such amendment, the Trust
would cease to be classified as a grantor trust or would be classified as an
association taxable as a corporation for United States federal income tax
purposes.

 

28

 

Section 602.                            Notice of Meetings.  Notice of all meetings of the Preferred
Securityholders, stating the time, place and purpose of the meeting, shall be
given by the Property Trustee pursuant to Section 1008 to each Preferred
Securityholder of record, at his or her 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 603.                            Meetings of the Preferred
Securityholders.  (a) No annual meeting of the
Securityholders is required to be held. 
The Administrative Trustees, however, shall call a meeting of the
Securityholders to vote on any matter in respect of which the Preferred
Securityholders are entitled to vote upon the written request of the Preferred
Securityholders of 25% of the Outstanding Preferred 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 the
Preferred Securityholders to vote on any matters as to which the Preferred
Securityholders are entitled to vote.

 

(b)                              The Preferred Securityholders of
record of 50% of the Outstanding Preferred Securities (based upon their
aggregate Liquidation Amount), present in person or by proxy, shall constitute
a quorum at any meeting of the Securityholders.

 

(c)                               If a quorum is present at a
meeting, an affirmative vote by the Preferred Securityholders of record
present, in person or by proxy, holding more than a majority of the Preferred
Securities (based upon their aggregate Liquidation Amount) held by the
Preferred Securityholders of record 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 604.                            Voting Rights.  The Securityholders shall be entitled to one
vote for each dollar value of Liquidation Amount represented by their Trust
Securities (with any fractional multiple thereof rounded up or down as the case
may be to the closest integral multiple) in respect of any matter as to which
such Securityholders are entitled to vote (and such dollar value shall be $10
per Preferred Security until such time, if any, as the Liquidation Amount is
changed as provided herein).

 

Section 605.                            Proxies, Etc.  At any meeting of the 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 Holders shall be entitled to vote. 
When Trust Securities are held jointly by several persons, any one of
them may 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

 

29

 

challenged
at or prior to its exercise, 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 606.                            Securityholder Action by Written
Consent.  Any action which may be taken by the
Securityholders at a meeting may be taken without a meeting if the
Securityholders holding more than a majority of all of the Outstanding Trust
Securities (based upon their aggregate Liquidation Amount) 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.

 

Section 607.                            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 by written consent,
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 or the
Property Trustee may from time to time fix a date, not more than 90 days prior
to the date of any meeting of the Securityholders or the payment of
Distribution or other action, as the case may be, as a record date for the
determination of the identity of the Securityholders of record for such
purposes.

 

Section 608.                            Acts of the Securityholders.  (a) 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 the 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 an
Administrative Trustee.  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 801)
conclusive in favor of the Trustees, if made in the manner provided in this Section 608.

 

(b)                              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 acknowledgments of deeds, certifying
that the individual signing such instrument or writing acknowledged to him or
her the execution thereof.  Where such
execution is by a signer acting in a capacity other than his or her individual
capacity, such certificate or affidavit shall also constitute sufficient proof
of his or her 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 receiving the same deems sufficient.

 

(c)                               The ownership of the Preferred
Securities shall be proved by the Securities Register.

 

30

 

(d)                              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.

 

(e)                               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.

 

(f)                                 A Securityholder may institute a
legal proceeding directly against the Depositor under the Guarantee to enforce
its rights under the Guarantee without first instituting a legal proceeding
against the Guarantee Trustee (as defined in the Guarantee), the Trust or any
other Person.

 

Section 609.                            Inspection of Records.  Upon reasonable notice to the Administrative
Trustees and the Property Trustee, the records of the Trust shall be open to
inspection at the principal executive office of the Trustee (as indicated in Section 202)
to Holders of the Trust Securities during normal business hours for any purpose
reasonably related to such Securityholder’s interest as a Securityholder.

 

Article VII

REPRESENTATIONS AND WARRANTIES

 

Section 701.                            Representations and Warranties of
the Bank and the Property Trustee.  The Bank and the
Property Trustee, each severally on behalf of and as to itself, as of the date
hereof, and each successor Property Trustee at the time of the successor
Property Trustee’s acceptance of its appointment as Property Trustee hereunder
(in the case of a successor Property Trustee, the term “Bank”
as used herein shall be deemed to refer to such successor Property Trustee in
its separate corporate capacity), hereby represents and warrants (as
applicable) for the benefit of the Depositor and the Securityholders that:

 

(a)                               the Bank is a Delaware banking
corporation duly organized, validly existing and in good standing under the
laws of its jurisdiction of incorporation;

 

(b)                              the Bank 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;

 

31

 

(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 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 has been duly
authorized by all necessary corporate or other action on the part of the
Property Trustee and does not require any approval of stockholders of the Bank
and such execution, delivery and performance shall not: (i) violate the
Bank’s charter or by-laws; (ii) violate any provision of, or constitute,
with or without notice or lapse of time, a default under, or result in the
creation or imposition of, any Lien on any properties included in the Trust
Property pursuant to the provisions of, any indenture, mortgage, credit
agreement, license or other agreement or instrument to which the Property
Trustee or the Bank is a party or by which it is bound; or (iii) violate
any law, governmental rule or regulation of the United States or its
jurisdiction of incorporation, as the case may be, governing the banking or
trust powers of the Bank or the Property Trustee (as appropriate in context) or
any order, judgment or decree applicable to the Property Trustee or the Bank;

 

(e)                               neither the authorization,
execution or delivery by the Property Trustee of this Trust Agreement nor the
consummation of any of the transactions by the Property Trustee contemplated
herein requires the consent or approval of, the giving of notice to, the
registration with or the taking of any other action with respect to any
governmental authority or agency under any existing federal law governing the
banking or trust powers of the Bank or the Property Trustee, as the case may
be, under the laws of the United States or its jurisdiction of incorporation;

 

(f)                                 there are no proceedings pending
or, to the best of the Property Trustee’s knowledge, threatened against or
affecting the Bank or the Property Trustee in any court or before any
governmental authority, agency or arbitration board or tribunal which,
individually or in the aggregate, would materially and adversely affect the
Trust or would question the right, power and authority of the Property Trustee
to enter into or perform its obligations as one of the Trustees under this
Trust Agreement; and

 

(g)                              the Property Trustee is a Person
eligible pursuant to the Trust Indenture Act to act as such and has a combined
capital and surplus of at least $50,000,000.

 

Section 702.                            Representations and Warranties of
the Delaware Bank and the Delaware Trustee.  The Delaware Bank
and the Delaware Trustee, each severally on behalf of and as to itself, as of
the date hereof, and each successor Delaware Trustee at the time of the
successor Delaware Trustee’s acceptance of appointment as Delaware Trustee
hereunder (the term “Delaware Bank”
being used to refer to such successor Delaware Trustee in its separate

 

32

 

corporate
capacity), hereby represents and warrants (as applicable) for the benefit of
the Depositor and the Securityholders that:

 

(a)                               the Delaware Bank is a Delaware
banking corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware;

 

(b)                              the Delaware Bank 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 execution, delivery and
performance by the Delaware Trustee of this Trust Agreement has been duly
authorized by all necessary corporate or other action on the part of the
Delaware Trustee and does not require any approval of stockholders of the
Delaware Bank and such execution, delivery and performance shall not: (i) violate
the Delaware Bank’s charter or by-laws; (ii) violate any provision of, or
constitute, with or without notice or lapse of time, a default under, or result
in the creation or imposition of, any Lien on any properties included in the
Trust Property pursuant to the provisions of, any indenture, mortgage, credit
agreement, license or other agreement or instrument to which the Delaware Bank
or the Delaware Trustee is a party or by which it is bound; or (iii) violate
any law, governmental rule or regulation of the United States or the State
of Delaware, as the case may be, governing the banking or trust powers of the
Delaware Bank or the Delaware Trustee (as appropriate in context) or any order,
judgment or decree applicable to the Delaware Bank or the Delaware Trustee;

 

(e)                               neither the authorization,
execution or delivery by the Delaware Trustee of this Trust Agreement nor the
consummation of any of the transactions by the Delaware Trustee contemplated
herein requires the consent or approval of, the giving of notice to, the
registration with or the taking of any other action with respect to any
governmental authority or agency under any existing federal law governing the
banking or trust powers of the Delaware Bank or the Delaware Trustee, as the
case may be, under the laws of the United States or the State of Delaware; and

 

(f)                                 there are no proceedings pending
or, to the best of the Delaware Trustee’s knowledge, threatened against or
affecting the Delaware Bank or the Delaware Trustee in any court or before any
governmental authority, agency or arbitration board or tribunal which,
individually or in the aggregate, would materially and adversely affect the
Trust

 

33

 

or
would question the right, power and authority of the Delaware Trustee to enter
into or perform its obligations as one of the Trustees under this Trust
Agreement.

 

Section 703.                            Representations and Warranties of
the Depositor.  The Depositor hereby represents and warrants
for the benefit of the Securityholders that:

 

(a)                               the Trust Securities
Certificates issued on the Closing Date or the Option Closing Date, if applicable,
on behalf of the Trust have been duly authorized and shall have been duly and
validly executed, issued and delivered by the Administrative Trustees pursuant
to the terms and provisions of, and in accordance with the requirements of,
this Trust Agreement, and the Securityholders shall be, as of such date,
entitled to the benefits of this Trust Agreement; and

 

(b)                              there are no taxes, fees or
other governmental charges payable by the Trust (or the Trustees on behalf of
the Trust) under the laws of the State of Delaware or any political subdivision
thereof in connection with the execution, delivery and performance by the Bank,
the Property Trustee or the Delaware Trustee, as the case may be, of this Trust
Agreement.

 

Article VIII

TRUSTEES

 

Section 801.                            Certain Duties and
Responsibilities.  (a) The duties and responsibilities of
the Trustees shall be as provided by this Trust Agreement and, in the case of
the Property Trustee, by the Trust Indenture Act.  Notwithstanding the foregoing, no provision
of this Trust Agreement shall require the Trustees to expend or risk their own
funds or otherwise incur any financial liability in the performance of any of
their duties hereunder, or in the exercise of any of their rights or powers, if
they 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.  No Administrative Trustee nor the
Delaware Trustee shall be liable for its act or omissions hereunder except as a
result of its own gross negligence or willful misconduct.  The Property Trustee’s liability shall be
determined under the Trust Indenture Act. 
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 801.  To the extent that, at
law or in equity, the Delaware Trustee or an Administrative Trustee has duties
(including fiduciary duties) and liabilities relating thereto to the Trust or
to the Securityholders, the Delaware Trustee or 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 Delaware
Trustee or 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 Delaware Trustee and the Administrative Trustees,
as the case may be.

 

34

 

(b)                              All payments made by the
Property Trustee or a Paying Agent in respect of the Trust Securities shall be
made only from the revenue and proceeds from the Trust Property and only to the
extent that there shall be sufficient revenue or proceeds from the Trust
Property to enable the Property Trustee or a Paying Agent to make payments in accordance
with the terms hereof.  Each
Securityholder, by its acceptance of a Trust Security, agrees that it shall
look solely to the revenue and proceeds from the Trust Property to the extent
legally 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 801(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)                               No provision of this Trust
Agreement shall be construed to relieve the Property Trustee from liability for
its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that:

 

(i)                                    the Property Trustee shall not
be liable for any error of judgment made in good faith by an authorized officer
of the Property Trustee, unless it shall be proved that the Property Trustee
was negligent in ascertaining the pertinent facts;

 

(ii)                                 the Property Trustee shall not
be liable with respect to any action taken or omitted to be taken by it in good
faith in accordance with the direction of the Holders of not less than a
majority in Liquidation Amount of the Trust Securities relating to the time,
method and place of conducting any proceeding for any remedy available to the
Property Trustee, or exercising any trust or power conferred upon the Property
Trustee under this Trust Agreement;

 

(iii)                             the Property Trustee’s sole duty
with respect to the custody, safe keeping and physical preservation of the
Debentures and the Payment Account 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 and limitations on liability afforded to
the Property Trustee under this Trust Agreement and the Trust Indenture Act;

 

(iv)                             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 and money held by the Property Trustee need
not be segregated from other funds held by it except in relation to the Payment
Account maintained by the Property Trustee pursuant to Section 301 and except
to the extent otherwise required by law; and

 

(v)                                 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 negligence, default or misconduct
of the Administrative Trustees or the Depositor.

 

35

 

Section 802.                            Certain Notices.  (a) Within five Business Days after the
occurrence of any Event of Default actually known to the Property Trustee, the
Property Trustee shall transmit, in the manner and to the extent provided in Section 1008,
notice of such Event of Default to the Securityholders, the Administrative
Trustees and the Depositor, unless such Event of Default shall have been cured
or waived.  For purposes of this Section 802,
the term “Event of Default” means any event that is, or after notice or lapse
of time or both would become, an Event of Default.

 

(b)                              The Administrative Trustees
shall transmit to the Securityholders in the manner and to the extent provided
in Section 1008 notice of the Depositor’s election to begin or further
extend an Extension Period on the Debentures (unless such election shall have
been revoked), and of any election by the Depositor to accelerate the Maturity
Date of the Debentures within the time specified for transmitting such notice
to the holders of the Debentures pursuant to the Indenture as originally
executed.

 

Section 803.                            Certain Rights of the Property
Trustee.  Subject to the provisions of Section 801:

 

(a)                               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, consent, order,
appraisal, bond, debenture, note, other evidence of indebtedness or other paper
or document believed by it to be genuine and to have been signed or presented
by the proper party or parties;

 

(b)                              if (i) in performing its
duties under this Trust Agreement the Property Trustee is required to decide
between alternative courses of action to the extent not inconsistent with the
treatment of the Trust as a grantor trust for federal income tax purposes, (ii) in
construing any of the provisions of this Trust Agreement, the Property Trustee
finds the same ambiguous or inconsistent with other provisions contained herein
or (iii) 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 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, and 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;

 

36

 

(c)                               any direction or act of the
Depositor or the Administrative Trustees contemplated by this Trust Agreement
shall be sufficiently evidenced by an Officers’ Certificate;

 

(d)                              whenever in the administration
of this Trust Agreement, the Property Trustee shall deem it desirable that a
matter be established before undertaking, suffering or omitting any action
hereunder, the Property Trustee (unless other evidence is herein specifically
prescribed) may, in the absence of bad faith on its part, request and
conclusively rely upon an Officers’ Certificate which, upon receipt of such
request, shall be promptly delivered by the Depositor or the Administrative
Trustees;

 

(e)                               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, except as provided in Section 405,
any filing under tax or securities laws) or any re-recording, refiling or
reregistration thereof;

 

(f)                                 the Property Trustee may consult
with counsel of its choice (which counsel may be counsel to the Depositor or
any of its Affiliates) and the advice of such 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, such counsel may be counsel to the Depositor or
any of its Affiliates, and may include any of its employees; 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;

 

(g)                              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, order or direction of any of the
Securityholders pursuant to this Trust Agreement, unless such Securityholders
shall have offered to the Property Trustee reasonable security or indemnity
against the costs, expenses and liabilities that might be incurred by it in
compliance with such request, order or direction; nothing contained herein
shall, however, relieve the Property Trustee of the obligation, upon the
occurrence of an Event of Default (that has not been cured or waived) to
exercise such of the rights and powers vested in it by this Trust Agreement,
and to use the same degree of care and skill in their exercise as a prudent man
would exercise or use under the circumstances in the conduct of his own
affairs;

 

(h)                              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, consent,
order, approval, bond, debenture, note or other evidence of indebtedness or
other paper or document, unless requested in writing to do so by the Holders of
not less than a majority in Liquidation Amount of the Securities, but the
Property Trustee may make such further inquiry or investigation into such facts
or matters as it may see fit;

 

37

 

(i)                                  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, provided
that the Property Trustee shall be responsible for its own negligence or
recklessness with respect to selection of any agent or attorney appointed by it
hereunder;

 

(j)                                  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: (i) may request instructions from
the Holders of the Trust Securities which instructions may only be given by the
Holders of the same proportion in Liquidation Amount of the Trust Securities as
would be entitled to direct the Property Trustee under the terms of the Trust
Securities in respect of such remedy, right or action; (ii) may refrain
from enforcing such remedy or right or taking such other action until such
instructions are received; and (iii) shall be protected in acting in
accordance with such instructions; and

 

(k)                               except as otherwise expressly
provided by this Trust Agreement, the Property Trustee shall not be under any
obligation to take any action that is discretionary under the provisions of
this Trust Agreement.  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.  No permissive power or authority available to
the Property Trustee shall be construed to be a duty.

 

Section 804.                            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 shall not be accountable for the
use or application by the Depositor of the proceeds of the Debentures.

 

Section 805.                            May Hold Securities.  Any Trustee or any other agent of any Trustee
or the Trust, in its individual or any other capacity, may become the owner or
pledgee of the Trust Securities and, subject to Sections 808 and 813 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 other agent.

 

Section 806.                            Compensation; Indemnity; Fees.  The Depositor agrees:

 

(a)                               to pay to the Trustees from time
to time reasonable compensation for all services rendered by them hereunder
(which compensation shall not be limited by any provision of law in regard to
the compensation of a trustee of an express trust, in the case of the Property
Trustee as set forth in a written agreement between the Depositor and the
Property Trustee);

 

38

 

(b)                              except as otherwise expressly
provided herein, to reimburse the Trustees upon request for all reasonable
expenses, disbursements and advances 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 its agents and counsel),
except any such expense, disbursement or advance as may be attributable to such
Trustee’s negligence, bad faith or willful misconduct (or, in the case of the
Administrative Trustees or the Delaware Trustee, any such expense, disbursement
or advance as may be attributable to its, his or her gross negligence, bad
faith or willful misconduct); and

 

(c)                               to indemnify each of the
Trustees or any predecessor Trustee for, and to hold the Trustees harmless
against, any loss, damage, claims, liability, penalty or expense incurred
without negligence, bad faith or willful misconduct on its part, arising out of
or in connection with the acceptance or administration of this Trust Agreement,
including the 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, except any such expense, disbursement or advance as may be
attributable to such Trustee’s negligence, bad faith or willful misconduct (or,
in the case of the Administrative Trustees or the Delaware Trustee, any such
expense, disbursement or advance as may be attributable to its, his or her
gross negligence, bad faith or willful misconduct).

 

No Trustee may claim any Lien or charge on any Trust
Property as a result of any amount due pursuant to this Section 806.

 

Section 807.                            Corporate Property Trustee
Required; Eligibility of Trustees.  (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 is eligible pursuant to the Trust Indenture Act to act as such
and 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 807,
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 807, it shall
resign immediately in the manner and with the effect hereinafter specified in
this Article VIII.  The Property
Trustee and the Delaware Trustee may, but need not be, the same person.

 

(b)                              There shall at all times be one
or more Administrative Trustees hereunder with respect to the Trust
Securities.  Each Administrative Trustee
shall either be: (i) a natural person who is at least 21 years of age; or (ii) a
legal entity that shall act through one or more persons authorized to bind that
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

 

39

 

business
in the State of Delaware and that otherwise meets the requirements of
applicable Delaware law that shall act through one or more persons authorized
to bind such entity.

 

Section 808.                            Conflicting Interests.  If the Property Trustee has or shall acquire
a conflicting interest within the meaning of Section 310(b) 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.

 

Section 809.                            Co-Trustees and Separate Trustee.  (a) Unless a Debenture Event of Default shall
have occurred and be continuing, 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 shall have power to appoint, and upon the written
request of the Property Trustee, the Depositor shall for such purpose join with
the Property Trustee 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 the extent
required by law 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 809.  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.  Any co-trustee or separate
trustee appointed pursuant to this Section 809 shall either be: (i) a
natural person who is at least 21 years of age and a resident of the United
States; or (ii) a legal entity with its principal place of business in the
United States that shall act through one or more persons authorized to bind
such entity.

 

(b)                              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.

 

(c)                               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:

 

(i)                                     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 specified
hereunder, shall be exercised, solely by such Trustees and not by such
co-trustee or separate trustee.

 

(ii)                                  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

 

40

 

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.

 

(iii)                               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 809, and, in case a
Debenture Event of Default has occurred and is continuing, the Property Trustee
shall have the 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 809.

 

(iv)                              No co-trustee or separate
trustee hereunder shall be personally liable by reason of any act or omission
of the Property Trustee or any other trustee hereunder.

 

(v)                                 The Property Trustee shall not
be liable by reason of any act of a co-trustee or separate trustee.

 

(vi)                              Any Act of the Holders delivered
to the Property Trustee shall be deemed to have been delivered to each such
co-trustee and separate trustee.

 

Section 810.                            Resignation and Removal;
Appointment of Successor.  (a) No resignation or removal of any
Trustee (the “Relevant Trustee”) and no
appointment of a successor Trustee pursuant to this Article VIII shall
become effective until the acceptance of appointment by the successor Trustee
in accordance with the applicable requirements of Section 811.

 

(b)                              Subject to the immediately
preceding paragraph, the Relevant Trustee may resign at any time with respect
to the Trust Securities by giving written notice thereof to the
Securityholders.  If the instrument of
acceptance by the successor Trustee required by Section 811 shall not have
been delivered to the Relevant Trustee within 30 days after the giving of such
notice of resignation, the Relevant Trustee may petition, at the expense of the
Depositor, any court of competent jurisdiction for the appointment of a
successor Relevant Trustee with respect to the Trust Securities.

 

(c)                               Unless a Debenture Event of
Default shall have occurred and be continuing, any Trustee may be removed at
any time by an Act of the Holder of all of the Common Securities.  If a Debenture Event of Default shall have
occurred and be continuing, the Property Trustee or the Delaware Trustee, or
both of them, may be removed at such time by an

 

41

 

Act
of the Holders of a majority in Liquidation Amount of the Preferred Securities,
delivered to the Relevant Trustee (in its individual capacity and on behalf of
the Trust).  An Administrative Trustee
may be removed by the Holder of all of the Common Securities at any time.

 

(d)                              If any Trustee shall resign, be
removed or become incapable of acting as Trustee, or if a vacancy shall occur
in the office of any Trustee for any cause, at a time when no Debenture Event
of Default shall have occurred and be continuing, the Holder of all of the Common
Securities, by an Act of the Holder of all of the Common Securities delivered
to the retiring Trustee, shall promptly appoint a successor Trustee or Trustees
with respect to the Trust Securities and the Trust, and the successor Trustee
shall comply with the applicable requirements of Section 811.  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 is continuing, the
Preferred Securityholders, by an Act of the Securityholders of a majority in
Liquidation Amount of the Preferred Securities then Outstanding delivered to
the retiring Relevant Trustee, shall promptly appoint a successor Relevant
Trustee or Trustees with respect to the Trust Securities and the Trust, and
such successor Trustee shall comply with the applicable requirements of Section 811.  If an Administrative Trustee shall resign, be
removed or become incapable of acting as an Administrative Trustee, at a time
when a Debenture Event of Default shall have occurred and be continuing, the
Holder of all of the Common Securities, by an Act of the Holder of all of the
Common Securities delivered to an Administrative Trustee, shall promptly
appoint a successor Administrative Trustee or Administrative Trustees with
respect to the Trust Securities and the Trust, and such successor
Administrative Trustee or Administrative Trustees shall comply with the applicable
requirements of Section 811.  If no
successor Relevant Trustee with respect to the Trust Securities shall have been
so appointed by the Holder of all of the Common Securities or the Preferred
Securityholders and accepted appointment in the manner required by Section 811,
any Securityholder who has been a Securityholder of Trust Securities for six
consecutive months on behalf of himself or herself and all others similarly
situated may petition a court of competent jurisdiction for the appointment of
a successor Relevant Trustee with respect to the Trust Securities.

 

(e)                               The Property Trustee shall give
notice of each resignation and each removal of a Trustee and each appointment
of a successor Trustee to all the Securityholders in the manner provided in Section 1008
and shall give notice to the Depositor. 
Each notice shall include the name of the successor Relevant Trustee and
the address of its Corporate Trust Office if it is the Property Trustee.

 

(f)                                 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: (a) the unanimous
act of the remaining Administrative Trustees if there are at least two of them;
or (b) otherwise by the Depositor (with the successor in each case being a
Person who satisfies the eligibility requirement for Administrative Trustees
set forth in Section 807).

 

42

 

Section 811.                            Acceptance of Appointment by
Successor.  (a) In case of the appointment hereunder
of a successor Relevant Trustee with respect to the Trust Securities and the
Trust, the retiring Relevant Trustee and each successor Relevant Trustee with
respect to the Trust Securities shall execute and deliver an instrument 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 with respect to the
Trust Securities and the Trust and upon the execution and delivery of such
instrument 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 with respect to the Trust Securities and the Trust; but, on request of
the Trust or any successor Relevant Trustee such retiring Relevant Trustee
shall duly assign, transfer and deliver to such successor Relevant Trustee all
the Trust Property, all proceeds thereof and money held by such retiring
Relevant Trustee hereunder with respect to the Trust Securities and the Trust.

 

(b)                              Upon request of any such successor
Relevant Trustee, the Trust 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 immediately
preceding paragraph, as the case may be.

 

(c)                               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 812.                            Merger, Conversion, Consolidation
or Succession to Business.  Any Person into which the Property Trustee,
the Delaware Trustee or any Administrative Trustee 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 corporation 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 or any further act on the part of
any of the parties hereto.

 

Section 813.                            Preferential Collection of Claims
Against the Depositor or the Trust.  If and when the Property
Trustee or the Delaware 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 or the Delaware Trustee, as the case may be,
shall be subject to and shall take all actions necessary in order to comply
with the provisions of the Trust Indenture Act regarding the collection of
claims against the Depositor or the Trust (or any such other obligor).

 

Section 814.                            Reports by the Property Trustee.  (a) The Property Trustee shall transmit
to the Securityholders such reports concerning the Property Trustee, its
actions under this Trust Agreement and the property and funds in its possession
in its capacity as the Property Trustee as

 

43

 

may
be required pursuant to the Trust Indenture Act at the times and in the manner
provided pursuant thereto.

 

(b)                              A copy of each such report
shall, at the time of such transmission to the Holders, be filed by the
Property Trustee with the NASDAQ Stock Market, and each national securities
exchange or other organization upon which the Trust Securities are listed, and
also with the Commission and the Depositor.

 

Section 815.                            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 as required by Section 314 of the Trust Indenture
Act (if any) and the compliance certificate required by Section 314(a) of
the Trust Indenture Act in the form, in the manner and at the times required by
Section 314 of the Trust Indenture Act.

 

Section 816.                            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 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 shall be given in the form of an Officers’ Certificate.

 

Section 817.                            Number of Trustees.  (a) The number of Trustees shall be
five, provided that the Holder of all of the
Common Securities by written instrument may increase or decrease the number of
the Administrative Trustees.  The
Property Trustee and the Delaware Trustee may be the same Person.

 

(b)                              If a Trustee ceases to hold
office for any reason and the number of the Administrative Trustees is not
reduced pursuant to Section 817(a), or if the number of the Trustees is
increased pursuant to Section 817(a), a vacancy shall occur.  The vacancy shall be filled with a Trustee
appointed in accordance with Section 810.

 

(c)                               The death, resignation,
retirement, removal, bankruptcy, incompetence or incapacity to perform the
duties of a Trustee shall not operate to annul the Trust.  Whenever a vacancy in the number of the
Administrative Trustees shall occur, until such vacancy is filled by the
appointment of an Administrative Trustee in accordance with Section 810,
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 818.                            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

 

44

 

his
or her power for the purpose of executing any documents contemplated in Section 207(a);
and

 

(b)                              The Administrative Trustees
shall have power to delegate from time to time to such of their number or to
the Depositor 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 819.                            Voting.  Except as otherwise provided in this Trust
Agreement, the consent or approval of the Administrative Trustees shall require
consent or approval by not less than a majority of the Administrative Trustees,
unless there are only two, in which case both must consent.

 

Article IX

TERMINATION, LIQUIDATION AND MERGER

 

Section 901.                            Termination upon Expiration Date.  Unless earlier dissolved, the Trust shall
automatically dissolve on
                          ,
2039 (the “Expiration Date”) subject to
distribution of the Trust Property in accordance with Section 904.

 

Section 902.                            Early Termination.  The first to occur of any of the following
events is an “Early Termination Event”:

 

(a)                               the occurrence of a Bankruptcy
Event in respect of, or the dissolution or liquidation of, the Depositor;

 

(b)                              delivery of written direction to
the Property Trustee by the Depositor at any time (which direction is wholly
optional and within the discretion of the Depositor, subject to Depositor
having received prior approval of the Board of Governors of the Federal Reserve
System if so required under applicable guidelines, policies or regulations
thereof) to dissolve the Trust and distribute the Debentures to the
Securityholders in exchange for the Preferred Securities in accordance with Section 904;

 

(c)                               the redemption of all of the
Preferred Securities in connection with the redemption of all of the Debentures
(whether upon a Debenture Redemption Date or the maturity of the Debenture);
and

 

(d)                              the entrance of an order for
dissolution of the Trust by a court of competent jurisdiction.

 

45

 

Section 903.                            Termination.  The respective obligations and
responsibilities of the Trustees and the Trust created and continued hereby
shall terminate upon the latest to occur of the following:  (a) the distribution by the Property
Trustee to the Securityholders upon the liquidation of the Trust pursuant to Section 904,
or upon the redemption of all of the Trust Securities pursuant to Section 402,
of all amounts required to be distributed hereunder upon the final payment of
the Trust Securities; (b) the payment of any expenses owed by the Trust; (c) 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; and (d) the filing of a Certificate of
Cancellation by the Administrative Trustee under the Delaware Statutory Trust
Act.

 

Section 904.                            Liquidation.  (a) If an Early Termination Event
specified in clause (a), (b), or (d) of Section 902 occurs or
upon the Expiration Date, the Trust shall be liquidated by the Trustees as
expeditiously as the Trustees determine to be possible by distributing, after
satisfaction of liabilities to creditors of the Trust as provided by applicable
law, to each Securityholder a Like Amount of Debentures, subject to Section 904(d).  Notice of liquidation shall be given by the
Property Trustee 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 shall no longer be deemed to be
Outstanding and any Trust Securities Certificates not surrendered for exchange
shall be deemed to represent a Like Amount of Debentures; and

 

(iii)                               provide such information with
respect to the mechanics by which the Holders may exchange the Trust Securities
Certificates for the Debentures, or, if Section 904(d) applies,
receive a Liquidation Distribution, as the Administrative Trustees or the
Property Trustee shall deem appropriate.

 

(b)                              Except where Section 902(c) or
904(d) applies, in order to effect the liquidation of the Trust and
distribution of the Debentures to the Securityholders, the Property Trustee
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 Section 902(c) or
904(d) applies, after the Liquidation Date: (i) the Trust Securities
shall no longer be deemed to be Outstanding; (ii) certificates
representing a Like Amount of the Debentures shall be issued to the Holders of
Trust Securities Certificates upon surrender of such certificates to the
Administrative Trustees or their agent for exchange; (iii) the Depositor
shall use its best efforts to have the Debentures listed on the NASDAQ Stock
Market or on such other securities exchange or other organization as the
Preferred Securities are

 

46

 

then
listed or traded; (iv) any Trust Securities Certificates not so
surrendered for exchange shall 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 certificates are so surrendered (and until
such certificates are so surrendered, no payments of interest or principal
shall be made to Holders of the Trust Securities Certificates with respect to
such Debentures); and (v) all rights of the Securityholders holding the
Trust Securities shall cease, except the right of such Securityholders to
receive the Debentures upon surrender of the Trust Securities Certificates.

 

(d)                              In the event that,
notwithstanding the other provisions of this Section 904, 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 dissolved, wound-up or terminated,
by the Property Trustee in such manner as the Property Trustee determines.  In such event, on the date of the
dissolution, winding-up or other termination of the Trust, the Securityholders
shall be entitled to receive out of the assets of the Trust available for
distribution to the Securityholders, after satisfaction of liabilities to
creditors of the Trust 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 dissolution, winding-up or termination, 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, subject to Section 407).  The Holder of the Common Securities shall be
entitled to receive the Liquidation Distributions upon any such dissolution,
winding-up or termination pro rata
(determined as aforesaid) with the Holders of the Preferred Securities, except
that, if a Debenture Event of Default has occurred and is continuing, the
Preferred Securities shall have a priority over the Common Securities.

 

Section 905.                            Mergers, Consolidations,
Amalgamations or Replacements of the Trust.  The Trust may not
merge with or into, consolidate, amalgamate, or be replaced by, or convey,
transfer or lease its properties and assets substantially as an entirety to any
corporation or other Person, except pursuant to this Section 905.  At the request of the Depositor, with the
consent of the Administrative Trustees and without the consent of the Holders
of the Preferred Securities, the Property Trustee or the Delaware Trustee, the
Trust may merge with or into, consolidate, amalgamate, 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: (a) such successor entity either (i) expressly
assumes all of the obligations of the Trust with respect to the Preferred
Securities or (ii) substitutes for the Preferred Securities other
securities having substantially the same terms as the Preferred Securities (the
“Successor Securities”) so long as the
Successor Securities rank the same as the Preferred Securities rank in priority
with respect to distributions and payments upon liquidation, redemption and
otherwise; (b) the Depositor expressly appoints a trustee of such
successor entity possessing substantially the same powers and duties as the
Property Trustee as the holder of the Debentures; (c) the Successor
Securities are listed or traded, or any Successor Securities shall be listed or
traded upon notification of issuance, on any national securities exchange or
other organization on which the Preferred

 

47

 

Securities
are then listed, if any; (d) 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; (e) such
successor entity has a purpose substantially identical to that of the Trust; (f) prior
to such merger, consolidation, amalgamation, replacement, conveyance, transfer
or lease, the Depositor has received an Opinion of Counsel to the effect that (i) 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 (ii) following such merger, consolidation, amalgamation,
replacement, conveyance, transfer or lease, neither the Trust nor such
successor entity shall be required to register as an “investment company” under
the Investment Company Act; and (g) the Depositor 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, the Debentures, this Trust Agreement and the Expense
Agreement.  For purposes of this Section 905,
any such consolidation, merger, sale, conveyance, transfer or other disposition
as a result of which (a) the Depositor is not the surviving Person, and (b) the
same Person is not both (i) the primary obligor in respect of the
Debentures and (ii) the Guarantor under the Guarantee shall be deemed to
constitute a replacement of the Trust by a successor entity; provided further that, notwithstanding the foregoing, in the
event that upon the consummation of such a consolidation, merger, sale,
conveyance, transfer or other disposition, the parent company (if any) of the
Depositor, or its successor, is a bank holding company or financial holding
company or comparably regulated financial institution, such parent company
shall guarantee the obligations of the Trust (and any successor thereto) under
the Preferred Securities (including any Successor Securities) at least to the
extent provided by the Guarantee, the Debentures, the Trust Agreement and the
Expense Agreement.  Notwithstanding the
foregoing, the Trust shall not, except with the consent of the Holders of 100%
in Liquidation Amount of the Preferred Securities, consolidate, amalgamate,
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, merge with or into, or
replace it if such consolidation, amalgamation, merger or replacement would
cause the Trust or the successor entity to be classified as other than a
grantor trust for United States federal income tax purposes.

 

Article X

MISCELLANEOUS PROVISIONS

 

Section 1001.                     Limitation of Rights of the
Securityholders.  The death or incapacity of any Person having
an interest, beneficial or otherwise, in the Trust Securities shall not operate
to terminate this Trust Agreement, 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 1002.                     Amendment.  (a) This Trust Agreement may be amended
from time to time by the Trustees and the Depositor, without the consent of any
Securityholders: (i) as provided in Section 811 with respect to
acceptance of appointment by a successor Trustee; (ii) to cure any

 

48

 

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, that
shall not be inconsistent with the other provisions of this Trust Agreement; (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 shall be classified for
United States federal income tax purposes as a grantor trust at all times that
any of the Trust Securities are Outstanding or to ensure that the Trust shall
not be required to register as an “investment company” under the Investment
Company Act; or (iv) to reduce or increase the Liquidation Amount per
Trust Security and simultaneously to correspondingly increase or decrease the
number of Trust Securities issued and Outstanding solely for the purpose of
maintaining the eligibility of the Preferred Securities for quotation or
listing on any national securities exchange or other organization on which the
Preferred Securities are then quoted or listed (including, if applicable, the
NASDAQ Stock Market); provided, however,
that in the case of clause (ii), such action shall not adversely affect in
any material respect the interests of any Securityholder; provided
further, that in the case of clause (iv) the aggregate
Liquidation Amount of the Trust Securities Outstanding upon completion of any
such reduction must be the same as the aggregate Liquidation Amount of the
Trust Securities Outstanding immediately prior to such reduction or increase,
and any amendments of this Trust Agreement shall become effective when notice
thereof is given to the Securityholders (or, in the case of an amendment
pursuant to clause (iv), as of the date specified in the notice).

 

(b)                              Except as provided in Section 601(c) or
Section 1002(c) hereof, any provision of this Trust Agreement may be
amended by the Trustees and the Depositor: (i) with the consent of the
Trust Securityholders representing not less than a majority (based upon
Liquidation Amounts) of the Trust Securities then Outstanding; and (ii) upon
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 shall not affect the Trust’s status as a grantor trust for
United States federal income tax purposes or the Trust’s exemption from status
of an “investment company” under the Investment Company Act.

 

(c)                               In addition to and
notwithstanding any other provision in this Trust Agreement, without the
consent of each affected Securityholder (such consent being obtained in
accordance with Section 603 or 606 hereof), this Trust Agreement may not
be amended to: (i) 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; notwithstanding any
other provision herein, without the unanimous consent of the Securityholders
(such consent being obtained in accordance with Section 603 or 606
hereof), this paragraph (c) of this Section 1002 may not be
amended.

 

(d)                              Notwithstanding any other
provisions of this Trust Agreement, no Trustee shall enter into or consent to
any amendment to this Trust Agreement which would cause the Trust to fail or
cease to qualify for the exemption from status of an “investment company” under
the Investment Company Act or to fail or cease to be classified as a grantor
trust for United States federal income tax purposes.

 

49

 

(e)                               Notwithstanding anything in this
Trust Agreement to the contrary, without the consent of the Depositor, this
Trust Agreement may not be amended in a manner which imposes any additional
obligation on the Depositor.

 

(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)                              Neither the Property Trustee nor
the Delaware Trustee shall be required to enter into any amendment to this
Trust Agreement which affects its own rights, duties or immunities under this
Trust Agreement.  The Property Trustee
shall be entitled to receive an Opinion of Counsel and an Officers’ Certificate
stating that any amendment to this Trust Agreement has been effected in compliance
with this Trust Agreement.

 

(h)                              Prior to the execution of an
amendment to this Trust Agreement, the Property Trustee shall receive an
Opinion of Counsel stating that such amendment does not conflict with the Trust
being treated as a grantor trust for federal income tax purposes.

 

Section 1003.                     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 1004.                     Governing Law.  This Trust Agreement and the rights and
obligations of each of the Securityholders, the Trust 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 its conflict of laws principles).

 

Section 1005.                     Payments Due on Non-Business Day.  If the date fixed for any payment on any
Trust Security shall be a day that is not a Business Day, then such payment
need not be made on such date but may be made on the next succeeding day which
is a Business Day, except that, if such Business Day is in the next succeeding
calendar year, such payment shall be made on the immediately preceding Business
Day (and without any reduction of interest or any other payment in respect of
any such acceleration), in each case with the same force and effect as though
made on the date fixed for such payment, and no distribution shall accumulate
thereon for the period after such date.

 

Section 1006.                     Successors.  This Trust Agreement shall be binding upon
and shall inure to the benefit of any successor to the Depositor, the Trust or
the Relevant Trustee(s), including any successor by operation of law.  Except in connection with a consolidation,
merger or sale involving the Depositor that is permitted under Article XII
of the Indenture and pursuant to which the assignee agrees in writing to
perform the Depositor’s obligations hereunder, the Depositor shall not assign
its obligations hereunder.

 

Section 1007.                     Headings.  The Article and Section headings
are for convenience only and shall not affect the construction of this Trust
Agreement.

 

50

 

Section 1008.                     Reports, Notices and Demands.  Any report, 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, first-class postage
prepaid, in the United States mail, hand delivery or facsimile transmission, in
each case, addressed, (a) in the case of a Preferred Securityholder, to
such Preferred Securityholder as such Securityholder’s name and address may
appear on the Securities Register and (b) in the case of the Holder of all
of the Common Securities or the Depositor, to First Busey Corporation, 201 West
Main Street, Urbana, Illinois 61801, Attention: 
Chief Executive Officer, facsimile no.: (217) 365-4592.  Any notice to the Preferred Securityholders
shall also be given to such owners as have, within two years preceding the
giving of such notice, filed their names and addresses with the Property
Trustee for that purpose.  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 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 or the Administrative
Trustees shall be given in writing addressed (until another address is
published by the Trust) as follows: (a) with respect to the Property
Trustee to Wilmington Trust Company, Rodney Square North, 1100 North Market
Street, Wilmington, Delaware 19890-0001, Attention: Corporate Trust
Administration; (b) with respect to the Delaware Trustee, to Wilmington
Trust Company, at the address above; and (c) with respect to the
Administrative Trustees, to them at the address above for notices to the
Depositor, marked “Attention: 
Administrative Trustees of First Busey Statutory Trust V,
c/o Chief Executive Officer, First Busey Corporation.”  Such notice, demand or other communication to
or upon the Trust or the Property Trustee shall be deemed to have been
sufficiently given or made only upon actual receipt of the writing by the Trust
or the Property Trustee.

 

Section 1009.                     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,
they shall not file, or join in the filing of, a petition against the Trust
under any bankruptcy, insolvency, reorganization or other similar law
(including, without limitation, the United States Bankruptcy Code of 1978, as
amended) (collectively, “Bankruptcy Laws”)
or otherwise join in the commencement of any proceeding against the Trust under
any Bankruptcy Law.  In the event the
Depositor or any of the Trustees takes action in violation of this Section 1009,
the Property Trustee agrees, for the benefit of the Securityholders, that at
the expense of the Depositor (which expense shall be paid prior to the filing),
it shall file an answer with the bankruptcy court or otherwise properly contest
the filing of such petition by the Depositor or such Trustee against the Trust
or the commencement of such action and raise the defense that the Depositor or
such Trustee has agreed in writing not to take such action and should be
stopped and precluded therefrom.  The
provisions of this Section 1009 shall survive the termination of this
Trust Agreement.

 

Section 1010.                     Trust Indenture Act; Conflict
with Trust Indenture Act.  (a) This Trust Agreement is subject to
the provisions of the Trust Indenture Act that are required to be part of this
Trust Agreement and shall, to the extent applicable, be governed by such
provisions.

 

51

 

(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 to be
included in this Trust Agreement by any of the provisions of the Trust
Indenture Act, such required provision shall control.  If any provision of this Trust Agreement
modifies or excludes any provision of the Trust Indenture Act which may be so
modified or excluded, the latter provision shall be deemed to apply to this
Trust Agreement as so modified or to be excluded, as the case may be.

 

(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 undivided beneficial interests in
the assets of the Trust.

 

Section 1011.                     Acceptance of Terms of the Trust
Agreement, the Guarantee and the Indenture.  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 agreement to the subordination
provisions and other terms of the Guarantee and the Indenture, and shall
constitute the agreement of the Trust, such Securityholder and such others that
the terms and provisions of this Trust Agreement shall be binding, operative
and effective as between the Trust and such Securityholder and such
others.  Without limiting the foregoing,
by acceptance of a Preferred Security, each Holder thereof shall be deemed to
have agreed to treat, for all United States federal income tax and financial
accounting purposes, the Debentures as indebtedness of the Depositor and the
Preferred Securities as evidencing an undivided beneficial ownership interest
in the Debentures.

 

[REMAINDER OF PAGE INTENTIONALLY BLANK]

 

[SIGNATURE
PAGE FOLLOWS]

 

52

 

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

 

	
   

  	
  FIRST BUSEY
  CORPORATION, as Depositor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:  Van A. Dukeman

  
	
   

  	
   

  	
  Title:   President
  and Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WILMINGTON TRUST
  COMPANY,

  
	
   

  	
  as Property Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WILMINGTON TRUST COMPANY,

  
	
   

  	
  as Delaware Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
                              ,
  as Administrative Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
                              ,
  as Administrative Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
                              ,
  as Administrative Trustee

  

 

 

EXHIBIT
A

 

CERTIFICATE
OF TRUST

OF

FIRST BUSEY STATUTORY TRUST V

 

THIS CERTIFICATE OF TRUST OF FIRST BUSEY STATUTORY
TRUST V (the “Trust”), is being duly executed
and filed by Wilmington Trust Company, a Delaware banking corporation, as
trustee, to form a statutory trust under the Delaware Statutory Trust Act
(12 Del. C. Section 3801 et seq.) (the “Act”).

 

1.                         NAME.  The name of the statutory trust formed hereby
is First Busey Statutory Trust V.

 

2.                         DELAWARE
TRUSTEE.  The name and business address of
the trustee of the Trust in the State of Delaware is Wilmington Trust Company,
Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-0001,
Attention: Corporate Trust Administration.

 

3.                         EFFECTIVE
DATE.  This Certificate of Trust shall be
effective upon filing of this Certificate with the Secretary of State of the
State of Delaware.

 

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

 

	
   

  	
  WILMINGTON TRUST
  COMPANY, as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
					

 

 

EXHIBIT
B

 

THIS
CERTIFICATE IS NOT TRANSFERABLE

 

CERTIFICATE NUMBER
                                           NUMBER OF COMMON
SECURITIES                   

 

CERTIFICATE
EVIDENCING COMMON SECURITIES

OF

FIRST BUSEY STATUTORY TRUST V

 

COMMON
SECURITIES

LIQUIDATION AMOUNT $10 PER COMMON SECURITY

 

FIRST BUSEY STATUTORY TRUST V, a statutory trust
created under the laws of the State of Delaware (the “Trust”),
hereby certifies that FIRST BUSEY 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 Common Securities (liquidation
amount $10 per Common Security) (the “Common Securities”).  In accordance with Section 511 of the
Trust Agreement (as defined below), the Common 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
Securities are set forth in, and this certificate and the Common 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
                          ,
2008, as the same may be amended from time to time (the “Trust
Agreement”), including the designation of the terms of the Common
Securities as set forth therein.  The
Trust shall furnish a copy of the Trust Agreement 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.

 

IN WITNESS WHEREOF, one of the Administrative Trustees
of the Trust has executed this certificate this
         day of
                        
2008.

 

	
   

  	
  FIRST BUSEY STATUTORY
  TRUST V

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:  Administrative Trustee

  

 

 

EXHIBIT
C

 

AGREEMENT
AS TO EXPENSES AND LIABILITIES

 

AGREEMENT AS TO EXPENSES AND LIABILITIES (this “Agreement”) dated as of
                     ,
2008 between FIRST BUSEY CORPORATION, a Nevada corporation (the “Company”), and FIRST BUSEY STATUTORY TRUST V, a Delaware
business trust (the “Trust”).

 

RECITALS

 

WHEREAS, the Trust intends to issue its common
securities (the “Common Securities”) to, and
receive       % Subordinated Debentures due 2038
(the “Debentures”) from, the Company and to
issue and sell First Busey Statutory Trust V
        % Cumulative Trust Preferred
Securities (the “Preferred Securities”) with such
powers, preferences and special rights and restrictions as are set forth in the
Amended and Restated Trust Agreement of the Trust dated as of
                     ,
2008, as the same may be amended from time to time (the “Trust
Agreement”); and

 

WHEREAS, the Company shall directly or indirectly own
all of the Common Securities of the Trust and shall issue the Debentures;

 

NOW, THEREFORE, in consideration of the purchase by
each holder of the Preferred Securities, which purchase the Company hereby
agrees shall benefit the Company and which purchase the Company acknowledges
shall be made in reliance upon the execution and delivery of this Agreement,
the Company, including in its capacity as holder of the Common Securities, and
the Trust hereby agree as follows:

 

ARTICLE
I

 

Section 1.1.                                Guarantee
by the Company.  Subject to the terms
and conditions hereof, the Company, including in its capacity as holder of the
Common Securities, hereby irrevocably and unconditionally guarantees to each
person or entity to whom the Trust is now or hereafter becomes indebted or
liable (the “Beneficiaries”) the full payment when
and as due, of any and all Obligations (as hereinafter defined) to such
Beneficiaries.  As used herein, “Obligations”
means any costs, expenses or liabilities of the Trust other than obligations of
the Trust to pay to the holders of any Preferred Securities or other similar
interests in the Trust the amounts due such holders pursuant to the terms of
the Preferred Securities or such other similar interests, as the case may be.  This Agreement is intended to be for the
benefit of, and to be enforceable by, all such Beneficiaries, whether or not
such Beneficiaries have received notice hereof.

 

Section 1.2.                                Term
of Agreement.  This Agreement shall
terminate and be of no further force and effect upon the later of: (a) the
date on which full payment has been made of all amounts payable to all holders
of all the Preferred Securities (whether upon redemption, liquidation, exchange
or otherwise); and (b) the date on which there are no Beneficiaries
remaining; provided, however, that this Agreement
shall continue to be effective or shall be

 

 

reinstated, as the case may be, if at any time any holder of the
Preferred Securities or any Beneficiary must restore payment of any sums paid
under the Preferred Securities, under any obligation under the Preferred
Securities Guarantee Agreement dated the date hereof by the Company and
Wilmington Trust Company, as guarantee trustee, or under this Agreement for any
reason whatsoever.  This Agreement is
continuing, irrevocable, unconditional and absolute.

 

Section 1.3.                                Waiver
of Notice.  The Company hereby waives
notice of acceptance of this Agreement and of any obligation to which it
applies or may apply, and the Company hereby waives presentment, demand for
payment, protest, notice of nonpayment, notice of dishonor, notice of
redemption and all other notices and demands.

 

Section 1.4.                                No
Impairment.  The obligations,
covenants, agreements and duties of the Company under this Agreement shall in
no way be affected or impaired by reason of the happening from time to time of
any of the following:

 

(a)                                the
extension of time for the payment by the Trust of all or any portion of the
Obligations or for the performance of any other obligation under, arising out
of, or in connection with, the Obligations;

 

(b)                               any
failure, omission, delay or lack of diligence on the part of the Beneficiaries
to enforce, assert or exercise any right, privilege, power or remedy conferred
on the Beneficiaries with respect to the Obligations or any action on the part
of the Trust granting indulgence or extension of any kind; or

 

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

 

There shall be no obligation of the Beneficiaries to
give notice to, or obtain the consent of, the Company with respect to the
happening of any of the foregoing.

 

Section 1.5.                                Enforcement.  A Beneficiary may enforce this Agreement
directly against the Company, and the Company waives any right or remedy to
require that any action be brought against the Trust or any other person or
entity before proceeding against the Company.

 

ARTICLE
II

 

Section 2.1.                                Binding
Effect.  All guarantees and
agreements contained in this Agreement shall bind the successors, assigns,
receivers, trustees and representatives of the Company and shall inure to the
benefit of the Beneficiaries.

 

Section 2.2.                                Amendment.  So long as there remains any Beneficiary or
any Preferred Securities are outstanding, this Agreement shall not be modified
or amended in any manner adverse to such Beneficiary or to the holders of the
Preferred Securities.

 

C-2

 

Section 2.3.                                Notices.  Any notice, request or other communication
required or permitted to be given hereunder shall be given in writing by
delivering the same by facsimile transmission (confirmed by mail), telex, or by
registered or certified mail, addressed as follows (and if so given, shall be
deemed given when mailed or upon receipt of an answer back, if sent by telex):

 

First
Busey Statutory Trust V

c/o First Busey Corporation

201 West Main Street

Urbana, Illinois  61801

Facsimile No.:  (217) 365-4592

Attention:  Chief Executive Officer

 

First
Busey Corporation

201 West Main Street

Urbana, Illinois  61801

Facsimile No.: (217) 365-4592

Attention:  Chief Executive Officer

 

Section 2.4.                                Governing
Law.  This Agreement shall be
governed by and construed and interpreted in accordance with the laws of the
State of Delaware (without regard to conflict of laws principles).

 

[SIGNATURE
PAGE FOLLOWS]

 

C-3

 

THIS AGREEMENT is executed as of the day and year
first above written.

 

	
   

  	
  FIRST BUSEY CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:  Van. A. Dukeman

  
	
   

  	
   

  	
  Title:   President and Chief Executive

  Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FIRST BUSEY STATUTORY
  TRUST V

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:  Administrative Trustee

  

 

C-4

 

EXHIBIT
D

 

CERTIFICATE NUMBER
                                           NUMBER OF PREFERRED
SECURITIES

 

CERTIFICATE
EVIDENCING PREFERRED SECURITIES

OF

FIRST BUSEY STATUTORY TRUST V

          % CUMULATIVE TRUST
PREFERRED SECURITIES

(LIQUIDATION AMOUNT $10 PER PREFERRED SECURITY)

 

CUSIP
NO.

 

FIRST BUSEY STATUTORY TRUST V, a statutory trust
created under the laws of the State of Delaware (the “Trust”),
hereby certifies that
                            
(the “Holder”) is the registered owner of
           preferred
securities (the “Preferred Securities”) of the
Trust representing undivided beneficial interests in the assets of the Trust
and designated the       % Cumulative Trust
Preferred Securities (Liquidation Amount $10 per Preferred Security).  The Preferred 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 505 of the Trust Agreement (as defined
herein).  The designations, rights,
privileges, restrictions, preferences, and other terms and provisions of the
Preferred Securities are set forth in, and this Certificate and the Preferred
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
                 ,
2008, as the same may be amended from time to time (the “Trust
Agreement”), including the designation of the terms of the Preferred
Securities as set forth therein.  The
Holder is entitled to the benefits of the Preferred Securities Guarantee
Agreement entered into by First Busey Corporation, a Nevada corporation, and
Wilmington Trust Company, as guarantee trustee, dated as of                    ,
2008 (the “Guarantee”), to the extent provided
therein.  The Trust shall 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.

 

Unless the Certificate of Authentication has been
manually executed by the Authentication Agent, this Certificate is not valid or
effective.

 

 

IN WITNESS WHEREOF, the Administrative Trustees of the
Trust have executed this Certificate as of this
                
day of                 
2008.

 

	
   

  	
  FIRST BUSEY STATUTORY
  TRUST V

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title: Administrative Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title: Administrative
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title: Administrative
  Trustee

  

 

LEGEND

 

FOR
CERTIFICATES EVIDENCING

 

GLOBAL
PREFERRED SECURITIES ONLY:

 

Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation (“DTC”), to Issuer or its agent for registration or transfer,
exchange, or payment, and any certificate issued is registered in the name of
Cede & Co. or in such other name as is requested by an authorized
representative of DTC (and any payment is made to Cede & Co. or
to such other entity as is required by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.

 

D-2

 

[FORM OF
REVERSE OF CERTIFICATE]

 

The Trust will furnish without charge to any
registered owner of Preferred Securities who so requests, a copy of the Trust
Agreement and the Guarantee.  Any such
request should be in writing and addressed to First Busey Statutory
Trust V, c/o First Busey Corporation, 201 West Main Street, Urbana, Illinois
61801 [or to the Registrar named on the face of this Certificate].

 

The following abbreviations, when used in the
inscription on the face of this certificate, shall be construed as though they
were written out in full according to applicable laws or regulations:

 

	
  TEN COM

  	
    –  

  	
  as tenants in common

  	
   

  	
  UNIF GIFT MIN
  ACT –
                  
  Custodian
                 

  
	
   

  	
   

  	
   

  	
   

  	
    (Cust)

  	
  (Minor)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  under Uniform
  Gifts to Minors Act

  
	
  TEN ENT

  	
    –  

  	
  as tenants by the
  entireties

  	
   

  	
   

  	
                                                          

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  (State)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  JT TEN

  	
    –  

  	
  as
  joint tenants with right of survivorship 

  	
   

  	
  UNIF TRF MIN ACT
  –
                  
  Custodian (until age)

  
	
   

  	
   

  	
  and
  not as tenants in common

  	
   

  	
   

  	
                                            
  under

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Uniform
  (Minor)  Transfers to

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Minors Act                                 

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  (State)

  
	
  TOD

  	
    –  

  	
  transfer
  on death direction in event owner’s death, to person named on face and
  subject to TOD rules referenced

  	
   

  	
   

  
										

 

Additional abbreviations may also be used though not
in the above list.

 

FOR VALUE RECEIVED, the undersigned hereby sell,
assign and transfer unto:

 

 

 

(Please insert Social Security or other identifying
number of assignee)

 

                                                                                                                                                            

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING
ZIP CODE, OF ASSIGNEE)

 

                                                                                                                                                                                                                        

                                                                                                                                                                                                                        

                                                              Preferred
Securities represented by the within Certificate, and do hereby irrevocably
constitute and appoint

 

attorney to transfer the
said Preferred Securities on the books of the within-named Trust with full
power of substitution in the premises.

 

D-3

 

	
  Dated:

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature:

  	
   

  

 

	
  NOTICE:

  	
  THE SIGNATURE TO THIS
  ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE
  CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERNATION OR ENLARGEMENT OR ANY
  CHANGE WHATEVER.

  

 

SIGNATURE(S) GUARANTEED:

 

 

THE SIGNATURE(S) SHOULD
BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS,
SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED
MEDALLION SIGNATURE GUARANTEE PROGRAM), PURSUANT TO S.E.C. RULE 17AD-15.

 

D-4

 

EXHIBIT E

 

FORM OF
CERTIFICATE OF AUTHENTICATION

 

CERTIFICATE
OF AUTHENTICATION

 

This is one of the
      % Cumulative Trust Preferred Securities
referred to in the within-mentioned Amended and Restated Trust Agreement.

 

	
  Dated:

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WILMINGTON TRUST
  COMPANY,

  
	
   

  	
  as Authenticating Agent
  and Registrar

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Authorized Signatory

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