Document:

AMENDED AND RESTATED DECLARATION OF TRUST

                                OF

                   UNION NATIONAL CAPITAL TRUST II

                    Dated as of October 14, 2004

<PAGE>

                         TABLE OF CONTENTS
                                                           Page
                                                           ____
                              ARTICLE I
                   INTERPRETATION AND DEFINITIONS

Section 1.1. Definitions..................................... 1

                              ARTICLE II
                             ORGANIZATION

Section 2.1. Name............................................ 9
Section 2.2. Office.......................................... 9
Section 2.3. Purpose......................................... 9
Section 2.4. Authority.......................................10
Section 2.5. Title to Property of the Trust..................10
Section 2.6. Powers and Duties of the Trustees
             and the Administrators..........................10
Section 2.7. Prohibition of Actions by the Trust
             and the Trustees................................15
Section 2.8. Powers and Duties of the
             Institutional Trustee...........................15
Section 2.9. Certain Duties and Responsibilities
             of the Trustees and the Administrators..........17
Section 2.10.Certain Rights of Institutional Trustee.........19
Section 2.11.Delaware Trustee................................21
Section 2.12.Execution of Documents..........................21
Section 2.13.Not Responsible for Recitals or
             Issuance of Securities..........................21
Section 2.14.Duration of Trust...............................22
Section 2.15.Mergers.........................................22

                              ARTICLE III
                                SPONSOR
Section 3.1. Sponsor's Purchase of Common Securities.........24
Section 3.2. Responsibilities of the Sponsor................ 24

                              ARTICLE IV
                     TRUSTEES AND ADMINISTRATORS

Section 4.1. Number of Trustees..............................24
Section 4.2. Delaware Trustee................................24
Section 4.3. Institutional Trustee; Eligibility............. 25
Section 4.4. Administrators..................................25
Section 4.5. Appointment, Removal and Resignation
             of the Trustees and the Administrators......... 26
Section 4.6. Vacancies Among Trustees........................27
Section 4.7. Effect of Vacancies.............................28
Section 4.8. Meetings of the Trustees and
             the Administrators..............................28
Section 4.9. Delegation of Power.............................28

<PAGE>

Section 4.10.Merger, Conversion, Consolidation or
             Succession to Business..........................29

                              ARTICLE V
                            DISTRIBUTIONS

Section 5.1. Distributions...................................29

                              ARTICLE VI
                        ISSUANCE OF SECURITIES

Section 6.1. General Provisions Regarding Securities.........29
Section 6.2. Paying Agent, Transfer Agent,
             Calculation Agent and Registrar.................30
Section 6.3. Form and Dating.................................31
Section 6.4. Mutilated, Destroyed, Lost or
             Stolen Certificates.............................31
Section 6.5. Temporary Certificates..........................32
Section 6.6. Cancellation....................................32
Section 6.7. Rights of Holders; Waivers of
             Past Defaults...................................32

                              ARTICLE VII
                 DISSOLUTION AND TERMINATION OF TRUST

Section 7.1. Dissolution and Termination of Trust............34

                              ARTICLE VIII
                         TRANSFER OF INTERESTS

Section 8.1. General.........................................35
Section 8.2. Transfer Procedures and Restrictions............36
Section 8.3. Deemed Security Holders.........................39
Section 8.4. Transfer of Initial Securities..................39

                              ARTICLE IX
            LIMITATION OF LIABILITY OF HOLDERS OF SECURITIES,
                        TRUSTEES OR OTHERS

Section 9.1. Liability.......................................40
Section 9.2. Exculpation.....................................41
Section 9.3. Fiduciary Duty..................................41
Section 9.4. Indemnification.................................41
Section 9.5. Outside Businesses..............................45
Section 9.6. Compensation; Fee...............................45

                              ARTICLE X
                              ACCOUNTING

Section 10.1. Fiscal Year....................................45
Section 10.2. Certain Accounting Matters.....................45
Section 10.3. Banking........................................47
Section 10.4. Withholding....................................47

<PAGE>

                              ARTICLE XI
                       AMENDMENTS AND MEETINGS

Section 11.1. Amendments.....................................47
Section 11.2. Meetings of the Holders of the Securities;
              Action by Written Consent......................49

                              ARTICLE XII
                   REPRESENTATIONS OF INSTITUTIONAL
                    TRUSTEE AND DELAWARE TRUSTEE

Section 12.1. Representations and Warranties of
              Institutional Trustee..........................51
Section 12.2. Representations and Warranties of
              Delaware Trustee...............................52

                              ARTICLE XIII
                              MISCELLANEOUS

Section 13.1. Notices........................................52
Section 13.2. Governing Law..................................53
Section 13.3. Submission to Jurisdiction.....................53
Section 13.4. Intention of the Parties.......................54
Section 13.5. Headings.......................................54
Section 13.6. Successors and Assigns.........................54
Section 13.7. Partial Enforceability.........................54
Section 13.8. Counterparts...................................54

                              ANNEXES AND EXHIBITS

ANNEX I      Terms of Capital Securities and Common Securities

EXHIBIT A-1  Form of Capital Security Certificate
EXHIBIT A-2  Form of Common Security Certificate
EXHIBIT B    Form of Transferee Certificate to be Executed by
             Accredited Investors
EXHIBIT C    Form of Transferor Certificate to be Executed for
             QIBs
EXHIBIT D    Form of Transferee Certificate to be Executed by
             Non-U. S. Persons

<PAGE>

                AMENDED AND RESTATED DECLARATION OF TRUST

                                   OF

                      UNION NATIONAL CAPITAL TRUST II
                             OCTOBER 14, 2004

      AMENDED AND RESTATED DECLARATION OF TRUST (as amended or
supplemented from time to time in accordance with the terms
hereof, this "Declaration"), dated and effective as of October
14, 2004, by the Trustees (as defined herein), the Administrators
(as defined herein), the Sponsor (as defined herein) and the
holders from time to time of undivided beneficial interests in
the assets of the Trust (as defined herein) to be issued pursuant
to this Declaration.

      WHEREAS, certain of the Trustees and the Sponsor
established Union National Capital Trust H (the "Trust"), a
statutory trust under the Statutory Trust Act (as defined
herein), pursuant to a Declaration of Trust, dated as of October
12, 2004 (the "Original Declaration"), and a Certificate of Trust
filed with the Secretary of State of the State of Delaware on
October 12, 2004, for the sole purpose of issuing and selling the
Securities (as defined herein) representing undivided beneficial
interests in the assets of the Trust, investing the proceeds
thereof in the Debentures (as defined herein) of the Debenture
Issuer (as defined herein) and engaging in those activities
necessary, advisable or incidental thereto;

      WHEREAS, as of the date hereof, no interests in the assets
of the Trust have been issued; and

      WHEREAS, all of the Trustees, the Administrators and the
Sponsor, by this Declaration, amend and restate each and every
term and provision of the Original Declaration.

      NOW, THEREFORE, it being the intention of the parties
hereto to continue the Trust as a statutory trust under the
Statutory Trust Act and that this Declaration constitutes the
governing instrument of such statutory trust, and that all assets
contributed to the Trust will be held in trust for the benefit of
the holders, from time to time, of the Securities, subject to the
provisions of this Declaration, and, in consideration of the
mutual covenants contained herein and other good and valuable
consideration, the receipt of which is hereby acknowledged, the
parties, intending to be legally bound hereby, amend and restate
in its entirety the Original Declaration and agree as follows:
                              ARTICLE I
                  INTERPRETATION AND DEFINITIONS

      Section 1.1. Definitions. Unless the context otherwise
                  requires:

      (a) capitalized terms used in this Declaration but not
defined in the preamble above or elsewhere herein have the
respective meanings assigned to them in this Section 1.1 or,
if not defined in this Section 1.1 or elsewhere herein, in the
Indenture;

<PAGE>

      (b) a term defined anywhere in this Declaration has the
same meaning throughout;

      (c) all references to "the Declaration" or "this
Declaration" are to this Declaration and each Annex and Exhibit
hereto, as modified, supplemented or amended from time to time;

      (d) all references in this Declaration to Articles and
Sections and Annexes and Exhibits are to Articles and Sections of
and Annexes and Exhibits to this Declaration unless otherwise
specified;

      (e) a term defined in the Trust Indenture Act (as defined
herein) has the same meaning when used in this Declaration unless
otherwise defined in this Declaration or unless the context
otherwise requires; and

      (f) a reference to the singular includes the plural and
vice versa.

      "Additional Amounts" has the meaning set forth in Section
3.06 of the Indenture.

      "Administrative Action" has the meaning set forth in
paragraph 4(a) of Annex I.

      "Administrators" means each of Mark D. Gainer, Clement M.
Hoober and Marcene L. Camara, solely in such Person's capacity as
Administrator of the Trust continued hereunder and not in such
Person's individual capacity, or such Administrator's successor
in interest in such capacity, or any successor appointed as
herein provided.

      "Affiliate" has the same meaning as given to that term in
Rule 405 under the Securities Act or any successor rule
thereunder.

      "Authorized Officer" of a Person means any Person that is
authorized to bind such Person.

      "Bankruptcy Event" means, with respect to any Person:

      (a) a court having jurisdiction in the premises enters a
decree or order for relief in respect of such Person in an
involuntary case under any applicable bankruptcy, insolvency or
other similar law now or hereafter in effect, or appoints a
receiver, liquidator, assignee, custodian, trustee, sequestrator
or similar official of such Person or for any substantial
part of its property, or orders the winding-up or liquidation of
its affairs, and such decree, appointment or order remains
unstayed and in effect for a period of 90 consecutive days; or

      (b) such Person commences a voluntary case under any
applicable bankruptcy, insolvency or other similar law now or
hereafter in effect, consents to the entry of an order for relief
in an involuntary case under any such law, or consents to the
appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian, sequestrator or other similar
official of such Person or of any substantial part of its
property, or makes any general assignment for the benefit of
creditors, or fails generally to pay its debts as they become
due.

<PAGE>

      "Business Day" means any day other than Saturday, Sunday or
any other day on which banking institutions in Wilmington,
Delaware, The City of New York or Harrisburg, Pennsylvania are
permitted or required by law or executive order to close.

      "Calculation Agent" has the meaning set forth in Section
1.01 of the Indenture.

      "Capital Securities" has the meaning set forth in Section
6.1(a).

      "Capital Security Certificate" means a definitive
Certificate registered in the name of the Holder representing a
Capital Security substantially in the form of Exhibit A-1.

      "Capital Treatment Event" has the meaning set forth in
paragraph 4(a) of Annex I.

      "Certificate" means any certificate evidencing Securities.

      "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 and restated from time to time.

      "Closing Date" has the meaning set forth in the Placement
Agreement.

      "Code" means the Internal Revenue Code of 1986, as amended
from time to time, or any successor legislation.

      "Commission" means the United States Securities and
Exchange Commission.

      "Common Securities" has the meaning set forth in Section
6.l(a).

      "Common Security Certificate" means a definitive
Certificate registered in the name of the Holder representing a
Common Security substantially in the form of Exhibit A-2.

      "Company Indemnified Person" means (a) any Administrator,
(b) any Affiliate of any Administrator, (c) any officers,
directors, shareholders, members, partners, employees,
representatives or agents of any Administrator or (d) any
officer, employee or agent of the Trust or its Affiliates.
"Corporate Trust Office" means the office of the Institutional
Trustee at which at any particular time its corporate trust
business shall be principally administered, which at all
times shall be located within the United States and at the time
of execution of this Declaration shall be Rodney Square North,
1100 North Market Street, Wilmington, DE 19890-0001,
Attention: Corporate Capital Markets.

      "Coupon Rate" has the meaning set forth in paragraph 2(a)
of Annex I.

      "Covered Person" means (a) any Administrator, officer,
director, shareholder, partner, member, representative, employee
or agent of the Trust or the Trust's Affiliates or (b) any Holder
of Securities.

<PAGE>

      "Debenture Issuer" means Union National Financial
Corporation, a bank holding company incorporated in Pennsylvania,
in its capacity as issuer of the Debentures under the Indenture,
and any permitted successor under the Indenture.

      "Debenture Trustee" means Wilmington Trust Company, a
Delaware banking corporation, not in its individual capacity but
solely as trustee under the Indenture until a successor is
appointed thereunder, and thereafter means such successor
trustee.

      "Debentures" means the Fixed/Floating Rate Junior
Subordinated Debt Securities due 2034 to be issued by the
Debenture Issuer under the Indenture.

      "Default" means any event, act or condition that with
notice or lapse of time, or both, would constitute an Event of
Default.

      "Deferred Interest" means any interest on the Debentures
that would have been overdue and unpaid for more than one
Distribution Payment Date but for the imposition of an
Extension Period, and the interest that shall accrue (to the
extent that the payment of such interest is legally enforceable)
on such interest at the Coupon Rate applicable during such
Extension Period, compounded quarterly from the date on which
such Deferred Interest would otherwise have been due and payable
until paid or made available for payment.

      "Definitive Capital Securities" means any Capital
Securities in definitive form issued by the Trust.

      "Delaware Trustee" has the meaning set forth in Section
4.2.

      "Direct Action" has the meaning set forth in Section
2.8(e).

      "Distribution" means a distribution payable to Holders of
Securities in accordance with Section 5.1.

      "Distribution Payment Date" has the meaning set forth in
paragraph 2(e) of Annex I.

      "Distribution Period" has the meaning set forth in
paragraph 2(a) of Annex I.

      "Event of Default" means the occurrence of an Indenture
Event of Default.

      "Exchange Act" means the Securities Exchange Act of 1934,
as amended from time to time, or any successor legislation.

      "Extension Period" has the meaning set forth in paragraph
2(e) of Annex I.

      "Federal Reserve" has the meaning set forth in paragraph 3
of Annex I.

      "Fiduciary Indemnified Person" shall mean each of the
Institutional Trustee (including in its individual capacity), the
Delaware Trustee (including in its individual capacity),
any Affiliate of the Institutional Trustee or the Delaware
Trustee, and any officers, directors,

<PAGE>

shareholders, members, partners, employees, representatives,
custodians, nominees or agents of the Institutional Trustee or
the Delaware Trustee.

      "Fiscal Year" has the meaning set forth in Section 10.1

      "Guarantee" means the Guarantee Agreement, dated as of the
Closing Date, of the Sponsor (the "Guarantor") in respect of the
Capital Securities.

      "Holder" means a Person in whose name a Certificate
representing a Security is registered on the Securities Register
maintained by or on behalf of the Registrar, such Person
being a beneficial owner within the meaning of the Statutory
Trust Act.

      "Indemnified Person" means a Company Indemnified Person or
a Fiduciary Indemnified Person.

      "Indenture" means the Indenture, dated as of the Closing
Date, between the Debenture Issuer and the Debenture Trustee, and
any indenture supplemental thereto pursuant to which the
Debentures are to be issued.

      "Indenture Event of Default" means an "Event of Default" as
defined in the Indenture.

      "Institutional Trustee" means the Trustee meeting the
eligibility requirements set forth in Section 4.3.

      "Investment Company" means an investment company as defined
in the Investment Company Act.

      "Investment Company Act" means the Investment Company Act
of 1940, as amended from time to time, or any successor
legislation.

      "Investment Company Event" has the meaning set forth in
paragraph 4(a) of Annex I.

      "Legal Action" has the meaning set forth in Section 2.8(e).

      "LIBOR" means the London Interbank Offered Rate for
three-month U.S. Dollar deposits in Europe as determined by the
Calculation Agent according to paragraph 2(b) of Annex I.

      "LIBOR Banking Day" has the meaning set forth in paragraph
2(b)(1) of Annex I.

      "LIBOR Business Day" has the meaning set forth in paragraph
2(b)(1) of Annex I.

      "LIBOR Determination Date" has the meaning set forth in
paragraph 2(b)(1) of Annex I.

      "Liquidation" has the meaning set forth in paragraph 3 of
Annex I.

<PAGE>

      "Liquidation Distribution" has the meaning set forth in
paragraph 3 of Annex I.

      "Majority in liquidation amount of the Securities" means
Holders of outstanding Securities voting togetheras a single
class or, as the context may require, Holders of outstanding
Capital Securities or Holders of outstanding Common Securities
voting separately as a class, who are the record owners of more
than 50% of the aggregate liquidation amount (including the
amount that would be paid upon the redemption, liquidation or
otherwise on the date upon which the voting percentages are
determined, plus unpaid Distributions accrued thereon to such
date) of all outstanding Securities of the relevant class.

      "Maturity Date" has the meaning set forth in paragraph 4(a)
of Annex I.

      "Maturity Redemption Price" has the meaning set forth in
paragraph 4(a) of Annex I.

      "Officers' Certificate" means, with respect to any Person,
a certificate signed by two Authorized Officers of such Person
or, in the case of a natural Person, such Person. Any
Officers' Certificate delivered with respect to compliance with a
condition or covenant provided for in this Declaration shall
include:

      (a) a statement that each Authorized Officer or Person, as
the case may be, 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 Authorized
Officer or Person, as the case may be, in rendering
the Officers' .Certificate;

      (c) a statement that each Authorized Officer or Person, as
the case may be, has made such examination or investigation as,
in his or her opinion, is necessary to enable such
Authorized Officer or Person, as the case may be, 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
Authorized Officer or Person, as the case may be, such condition
or covenant has been complied with.

      "Optional Redemption Date" has the meaning set forth in
paragraph 4(a) of Annex I.

      "Optional Redemption Price" has the meaning set forth in
paragraph 4(a) of Annex I.

      "Paying Agent" has the meaning set forth in Section 6.2.

      "Payment Amount" has the meaning set forth in Section 5.1.

      "Person" means a legal person, including any individual,
corporation, estate, partnership, joint venture, association,
joint stock company, limited liability company, trust,

<PAGE>

unincorporated association, or government or any agency or
political subdivision thereof, or any other entity of whatever
nature.

      "Placement Agreement" means the Placement Agreement
relating to the offer and sale of Capital Securities.

      "PORTAL" has the meaning set forth in Section 2.6(a)(i).

      "Property Account" has the meaning set forth in Section
2.8(c).

      "Pro Rata" has the meaning set forth in paragraph 8 of
Annex I.

      "Purchaser" has the meaning set forth in the Placement
Agreement.

      "QIB" means a "qualified institutional buyer" as defined
under Rule 144A.

      "Quorum" means a majority of the Administrators or, if
there are only two Administrators, both of them.

      "Redemption/Distribution Notice" has the meaning set forth
in paragraph 4(e) of Annex I.

      "Reference Banks" has the meaning set forth in paragraph
2(b)(2) of Annex I.

      "Registrar" has the meaning set forth in Section 6.2.

      "Relevant Trustee" has the meaning set forth in Section
4.5(a).

      "Resale Restriction Termination Date" means, with respect
to any Capital Security, the date which is the later of (i) two
years (or such shorter period of time as permitted by Rule 144(k)
under the Securities Act) after the later of (y) the date of
original issuance of such Capital Security and (z) the last date
on which the Trust or any Affiliate of the Trust was the
Holder of such Capital Security (or any predecessor thereto) and
(ii) such later date, if any, as may be required by any
subsequent change in applicable law.

      "Responsible Officer" means, with respect to the
Institutional Trustee, any officer within the Corporate Trust
Office of the Institutional Trustee with direct responsibility
for the administration of this Declaration, including any
vice-president, any assistant vice-president, any secretary, any
assistant secretary, the treasurer, any assistant treasurer, any
trust officer or other officer of the Corporate Trust Office of
the Institutional Trustee customarily performing functions
similar to those performed by any of the above designated
officers and also means, with respect to a particular corporate
trust matter  any other officer to whom such matter is referred
because of that officer's knowledge of and familiarity with the
particular subject.

      "Restricted Securities Legend" has the meaning set forth in
Section 8.2(c).

      "Rule 144A" means Rule 144A under the Securities Act.

      "Rule 3a-5" means Rule 3a-5 under the Investment Company
Act.

<PAGE>

      "Rule 3a-7" means Rule 3a-7 under the Investment Company
Act.

      "Securities" means the Common Securities and the Capital
Securities.

      "Securities Act" means the Securities Act of 1933, as
amended from time to time, or any successor legislation.

      "Securities Register" has the meaning set forth in Section
6.2(a).

      "Special Event" has the meaning set forth in paragraph 4(a)
of Annex I.

      "Special Redemption Date" has the meaning set forth in
paragraph 4(a) of Annex I.

      "Special Redemption Price" has the meaning set forth in
paragraph 4(a) of Annex I.

      "Sponsor" means Union National Financial Corporation, a
bank holding company that is incorporated in Pennsylvania, orany
permitted successor of the Debenture Issuer under the Indenture,
in its capacity as sponsor of the Trust.

      "Statutory Trust Act" means Chapter 38 of Title 12 of the
Delaware Code, 12 Del.Code Section 3801 et seq., as it may be
amended from time to time, or any successor legislation.

      "Successor Delaware Trustee" has the meaning set forth in
Section 4.5(e).

      "Successor Entity" has the meaning set forth in Section
2.15(b).

      "Successor Institutional Trustee" has the meaning set forth
in Section 4.5(b).

      "Successor Securities" has the meaning set forth in Section
2.15(b).

      "Super Majority" has the meaning set forth in paragraph
5(b) of Annex I.

      "Tax Event" has the meaning set forth in paragraph 4(a) of
Annex I.

      "Telerate Page 3750" has the meaning set forth in paragraph
2(b)(1) of Annex I.

      "10% in liquidation amount of the Securities" means Holders
of outstanding Securities voting together as a single class or,
as the context may require, Holders of outstanding Capital
Securities or Holders of outstanding Common Securities voting
separately as a class, who are the record owners of 10% or more
of the aggregate liquidation amount (including the stated amount
that would be paid upon the redemption, liquidation or otherwise
on the date upon which the voting percentages are determined,
plus unpaid Distributions accrued thereon to such date) of all
outstanding Securities of the relevant class.

      "Transfer Agent" has the meaning set forth in Section 6.2.

<PAGE>

      "Treasury Regulations" means the income tax regulations,
including temporary and proposed regulations, promulgated under
the Code by the United States Treasury, as such regulations may
be amended from time to time (including corresponding provisions
of succeeding regulations).

      "Trust Indenture Act" means the Trust Indenture ACt of
1939, as amended from time-to-time, or any successor legislation.

      "Trust Property" means (a) the Debentures, (b) any cash on
deposit in, or owing to, the Property Account and (c) 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 Institutional Trustee pursuant to the trusts of this
Declaration.

      "Trustee" or "Trustees" means each Person who has signed
this Declaration as a trustee, so long as such Person shall
continue in office in accordance with the terms hereof, and
all other Persons who may from time to time be duly appointed,
qualified and serving as Trustees in accordance with the
provisions hereof, and references herein to a Trustee or the
Trustees shall refer to such Person or Persons solely in their
capacity as trustees hereunder.

      "U. S. Person" means a United States Person as defined in
Section 7701 (a)(30) of the Code. '

                              ARTICLE II
                             ORGANIZATION

      Section 2.1. Name. The Trust is named "Union National
Capital Trust II," as such name may be modified from time to time
by the Administrators following written notice to the
Institutional Trustee and the Holders of the Securities. The
Trust's activities may be conducted under the name of the Trust
or any other name deemed advisable by the Administrators.

      Section 2.2. Office. The address &the principal office of
the Trust, which shall be in a state of the United States or the
District of Columbia, is P.O. Box 567, Mount Joy, PA 17552. On
ten Business Days' written notice to the Institutional Trustee
and the Holders of the Securities, the Administrators may
designate another principal office, which shall be in a state
of the United States or the District of Columbia.

      Section 2.3. Purpose. The exclusive purposes and functions
of the Trust are (a) to issue and sell the Securities
representing undivided beneficial interests in the assets of the
Trust, (b) to invest the gross proceeds from such sale in the
Debentures and (c) except as otherwise limited herein, to engage
in only those other activities deemed necessary, advisable or
incidental thereto by the Institutional Trustee, including,
without limitation, those activities specified in this
Declaration. The Trust shall not borrow money, issue debt or
reinvest proceeds derived from investments, pledge any of its
assets, or otherwise undertake (or permit to be undertaken) any
activity that would cause the Trust not to be classified for
United States federal income tax purposes as a grantor trust.

<PAGE>

      Section 2.4. Authority. Except as specifically provided in
this Declaration, the Institutional Trustee shall have exclusive
and complete authority to carry out the purposes of the
Trust. An action taken by a Trustee on behalf of the Trust and in
accordance with such Trustee's powers shall constitute the act of
and serve to bind the Trust. In dealing with the Trustees acting
on behalf of the Trust, no Person shall be required to inquire
into the authority of the Trustees to bind the Trust. Persons
dealing with the Trust are entitled to rely conclusively on the
power and authority of the Trustees as set forth in this
Declaration. The Administrators shall have only those ministerial
duties set forth herein with respect to accomplishing the
purposes of the Trust and are not intended to be trustees or
fiduciaries with respect to the Trust or the Holders. The
Institutional Trustee shall have the right, but shall not be
obligated except as provided in Section 2.6, to perform those
duties assigned to the Administrators.

      Section 2.5. Title to Property of the Trust. Except as
provided in Section 2.8 with respect to the Debentures and the
Property Account or as Otherwise provided in this Declaration,
legal title to all assets of the Trust shall be vested in the
Trust. The Holders shall not have legal title to any part of the
assets of the Trust, but shall have an undivided beneficial
interest in the assets of the Trust.

      Section 2.6. Powers and Duties of the Trustees and the
Administrators.

      (a) The Trustees and the Administrators shall conduct the
affairs of the Trust in accordance with the terms of this
Declaration. Subject to the limitations set forth in paragraph

      (b) of this Section, and in accordance with the following
provisions (i) and (ii), the Administrators and, at the direction
of the Administrators, the Trustees, shall have the authority to
enter into all transactions and agreements determined by the
Administrators to be appropriate in exercising the authority,
express or implied, otherwise granted to the Trustees or the
Administrators, as the case may be, under this Declaration, and
to perform all acts in furtherance thereof, including without
limitation, the following:

          (i) Each Administrator shall have the power, duty and
     authority, and is hereby authorized, to act on behalf of
      the Trust with respect to the following matters:

              (A) the issuance and sale of the Securities;

              (B) to cause the Trust to enter into, and to
          execute, deliver and perform on behalf of the Trust,
          such agreements as may be necessary or desirable in
          connection with the purposes and function of the
          Trust,including agreements with the Paying Agent, a
          subscription agreement for Debentures between the
          Trust and the Sponsor, a subscription agreement for
          Capital Securities between the Trust and the purchaser
         of the Capital Securities and a subscription agreement
        for Common Securities between the Trust and the
          Sponsor;

              (C) ensuring compliance with the Securities Act
          and applicable securities or blue sky laws of states
          and other jurisdictions;

<PAGE>

              (D) if and at such time determined solely by the
          Sponsor at the request of the Holders, assisting in
          the designation of the Capital Securities for trading
         in the Private Offering, Resales and Trading through
          the Automatic Linkages ("PORTAL") system if available;

              (E) the sending of notices (other than notices of
          default) and other information regarding the
          Securities and the Debentures to the Holders in
          accordance with this Declaration, including notice of
         any notice received from the Debenture Issuer of its
        election to defer payments of interest on the
          Debentures by extending the interest payment period
          under the Indenture;

              (F) the appointment of a Paying Agent, Transfer
          Agent and Registrar in accordance with this
          Declaration;

              (G) execution and delivery of the Securities in
          accordance with this Declaration;

              (H) execution and delivery of closing certificates
          pursuant to the Placement Agreement and the
          application for a taxpayer identification number;

              (I) unless otherwise determined by the Holders of
         a Majority in liquidation amount of the .Securities or
        as otherwise required by the Statutory Trust Act, to
          execute on behalf of the Trust (either acting alone or
          together with any or all of the Administrators) any
          documents that the Administrators have the power to
          execute pursuant to this Declaration;

              (J) the taking of any action as the Sponsor or an
          Administrator may from time to time determine is
          necessary, advisable or incidental to the foregoing to
          give effect to the terms of this Declaration for the
          benefit of the Holders (without consideration of the
          effect of any such action on any particular Holder);

              (K) to establish a.record date with respect to all
          actions to be taken hereunder that require a record
          date be established, including Distributions, voting
          rights, redemptions and exchanges, and to issue
         relevant notices to the Holders of Capital Securities
          and Holders of Common Securities as to such actions
         and applicable record dates;

              (L) to duly prepare and file on behalf of the
          Trust all applicable tax returns and tax information
          reports that are required to be filed with respect to
          the Trust;

              (M) to negotiate the terms of, and the execution
          and delivery of, the Placement Agreement and any other
          related agreements providing for the sale of the
          Capital Securities or the resale thereof by the
          Purchaser;

<PAGE>

              (N) to employ or otherwise engage employees,
          agents (who may be designated as officers with
          titles), managers, contractors, advisors,
          attorneys and consultants and pay reasonable
          compensation for such services;

              (O) to incur expenses that are necessary,
          advisable or incidental to carry out any of the
          purposes of the Trust;

              (P) to give the certificate required by Section
          314(a)(4) of the Trust Indenture Act to the
          Institutional Trustee, which certificate may be
          executed by an Administrator; and

              (Q) to take all action that may be necessary or
          appropriate for the preservation and the continuation
          of the Trust's valid existence, rights, franchises and
         privileges as a statutory trust under the laws of each
          jurisdiction (other than the State of Delaware) in
          which such existence is necessary to protect the
          limited liability of the Holders of the Capital
          Securities or to enable the Trust to effect the
          purposes for which the Trust was created.

          (ii) As among the Trustees and the Administrators, the
     Institutional Trustee shall have the power, duty and
      authority, and is hereby authorized, to act on behalf of
      the Trust with respect to the following matters:

               (A) the establishment of the Property 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 Property Account;

               (D) the distribution through the Paying Agent of
         amounts owed to the Holders in respect of the
        Securities;

               (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 Securities and the
          Debentures to the Holders in accordance with this
          Declaration;

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

               (H) to the extent provided in this Declaration,
          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;

<PAGE>

               (I) after any Event of Default (of which the
          Institutional Trustee has knowledge (as provided in
          Section 2.10(m) hereof))(provided, that such Event of
          Default is not by or with respect to the
          Institutional Trustee), the taking of any action that
          the Institutional Trustee may from time to time
          determine is necessary, advisable or incidental for
          the foregoing to give effect to the terms of this
          Declaration and protect and conserve the Trust
          Property for the benefit of the Holders (without
          consideration of the effect of any such action on any
          particular Holder);

               (J) to take all action that may be necessary or
          appropriate for the preservation and the continuation
          of the Trust's valid existence, rights, franchises and
          privileges as a statutory trust under the laws of the
          State of Delaware to protect the limited liability of
          the Holders of the Capital Securities or to enable the
          Trust to effect the purposes for which the Trust was
          created; and

               (K) to undertake any actions set forth in Section
          317(a) of the Trust Indenture Act.

          (iii) The Institutional Trustee shall have the power
      and authority, and is hereby authorized, to act on behalf
      of the Trust with respect to any of the duties,
      liabilities, powers or the authority of the Administrators
      set forth in Section 2.6(a)(i)(E) and (F) herein but shall
      not have a duty to do any such act unless specifically
      requested to do so in writing by the Sponsor, and shall
      then be fully protected in acting pursuant to such written
      request; and in the event of a conflict between the action
      of the Administrators and the action of the Institutional
      Trustee, the action of the Institutional Trustee shall
      prevail.

      (b) So long as this Declaration remains in effect, the
Trust (or the Trustees or Administrators acting.on behalf of the
Trust) shall not undertake any business, activities or
transaction except as expressly provided herein or contemplated
hereby. In particular, neither the Trustees nor the
Administrators may cause the Trust to (i) acquire any investments
or engage in any activities not authorized by this Declaration,
(ii) sell, assign, transfer, exchange, mortgage, pledge, set-off
or otherwise dispose of any of the Trust property or interests
therein; including to Holders, except as expressly provided
herein, (iii) take any action that would cause (or in the case of
the Institutional Trustee, to the actual knowledge of a
Responsible Officer 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 Institutional Trustee shall, at the sole cost and expense of
the Trust subject to reimbursement under Section 9.6(a), 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 Holders
in their capacity as Holders.

      (c) In connection with the issuance and sale of the Capital
Securities, the Sponsor shall have the right and responsibility
to assist the Trust with respect to, or effect on

<PAGE>

behalf of the Trust, the following (and any actions taken by the
Sponsor in furtherance of the following prior to the date of this
Declaration are hereby ratified and confirmed in all respects):

          (i) the taking of any action necessary to obtain an
      exemption from the Securities Act;

          (ii) the determination of the jurisdictions in which
     to take appropriate action to qualify or register for sale
      all or part of the Capital Securities and the
      determination of any and all such acts, other than actions
      which must be taken by or on behalf of the Trust, and the
      advisement of and direction to the Trustees of actions
      they must take on behalf of the Trust, and the preparation
      for execution and filing of any documents to be executed
      and filed by the Trust or on behalf of the Trust, as the
      Sponsor deems necessary or advisable in order to comply
      with the applicable laws of any such jurisdictions in
      connection with the sale of the Capital Securities; and

          (iii) 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
Administrators, the Institutional Trustee and the Holders of a
Majority in liquidation amount of the Common Securities are
authorized and directed to conduct the affairs of the Trust and
to operate the Trust so that (i) the Trust will not be deemed to
be an Investment Company required to be registered under the
Investment Company Act (in the case of the Institutional Trustee,
to the actual knowledge of a Responsible Officer), and (ii) the
Trust will not fail to be classified as a grantor
trust for United States federal income tax purposes (in the case
of the Institutional Trustee, to the actual knowledge of a
Responsible Officer) and (iii) the Trust will not take any action
inconsistent with the treatment of the Debentures as indebtedness
of the Debenture Issuer for United States federal income tax
purposes (in the case of the Institutional Trustee, to the actual
knowledge of a Responsible Officer). In this connection, the
Institutional Trustee, the Administrators and the Holders of a
Majority in liquidation amount of the Common Securities are
authorized to take any action, not inconsistent with applicable
laws or this Declaration, as amended from time to time, that each
of the Institutional Trustee, the Administrators and such Holders
determine in their discretion to be necessary or desirable for
such purposes, even if
such action adversely affects the interests of the Holders of the
Capital Securities.

      (e) All expenses incurred by the Administrators or the
Trustees pursuant to this Section 2.6 shall be reimbursed by the
Sponsor, and the Trustees shall have no obligations with respect
to such expenses.

      (f) The assets of the Trust shall consist of the Trust
Property.

      (g) Legal title to all Trust Property shall be vested at
all times in the Institutional Trustee (in its capacity as such)
and shall be held and administered by the Institutional Trustee
for the benefit of the Trust in accordance with this Declaration.

      (h) If the Institutional Trustee or any Holder has
instituted any proceeding to enforce any right or remedy under
this Declaration and such proceeding has been discontinued

<PAGE>

or abandoned for any reason, or has been determined adversely to
the Institutional Trustee or to such Holder, then and in every
such case the Sponsor, the Institutional Trustee and the Holders
shall, subject to any determination in such proceeding, be
restored severally and respectively to their former positions
hereunder, and thereafter all rights and remedies of the
Institutional Trustee and the Holders shall continue as though no
such proceeding had been instituted.

   Section 2.7. Prohibition of Actions by the Trust and the
Trustees.

     The Trust shall not, and the Institutional Trustee and the
Administrators shall not, and the Administrators shall cause the
Trust not to, engage in any activity.other than as required
or authorized by this Declaration. In particular, the Trust shall
not, and the Institutional Trustee and the Administrators shall
not cause the Trust to:

        (a) invest any proceeds received by the Trust from
holding the Debentures, but shall distribute all such proceeds to
Holders of the Securities pursuant to the terms of this
Declaration and of the Securities;

        (b) acquire any assets other than as expressly provided
herein;

        (c) possess Trust Property for other than a Trust
purpose;

        (d) make any loans or incur any indebtedness other than
loans represented by the Debentures;

        (e) possess any power or otherwise act in such a way as
to vary the Trust Property or the terms of the Securities;

        (f) issue any securities or other evidences of beneficial
ownership of, or beneficial interest in, the Trust other than the
Securities; or

        (g) other than as provided in this Declaration (including
Annex I), (i) direct the time, method and place of exercising any
trust or power conferred upon the Debenture
Trustee with respect to the Debentures, (ii) waive any past
default that is waivable under the Indenture, (iii) exercise any
right to rescind or annul any 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 unless the
Trust shall have received a written opinion of counsel
experienced in such matters to the effect that such amendment,
modification or termination will not cause the Trust to cease to
be classified as a grantor trust for United States federal income
tax purposes.

      Section 2.8. Powers and Duties of the Institutional
                  Trustee.

       (a) The legal title to the Debentures shall be owned by
and held of record in the name of the Institutional Trustee in
trust for the benefit of the Trust. The right, title and
interest of the Institutional Trustee to the Debentures shall
vest automatically in each Person who may hereafter be appointed
as Institutional Trustee in accordance with Section 4.5. Such
vesting and cessation of title shall be effective whether or not
conveyancing documents with regard to the Debentures have been
executed and delivered.

<PAGE>

       (b) The Institutional Trustee shall not transfer its
right, title and interest in the Debentures to the Administrators
or to the Delaware Trustee.

       (c) The Institutional Trustee shall:

           (i) establish and maintain a segregated non-interest
      bearing trust account (the "Property Account") in the
       United States (as defined in Treasury Regulations Section
       301.7701-7), in the name of and under the exclusive
       control of the Institutional Trustee, and maintained in
       the Institutional Trustee's trust department, on behalf
       of the Holders of the Securities and, upon the receipt of
       payments of funds made in respect of the Debentures held
       by the Institutional Trustee, deposit such funds into the
       Property Account and make payments to the Holders of the
       Capital Securities and Holders of the Common Securities
      from the Property Account in accordance with Section 5.1.
       Funds in the Property Account shall be held uninvested
       until disbursed in accordance with this Declaration;

           (ii) engage in such ministerial activities as shall
       be necessary or appropriate to effect the redemption of
       the Capital Securities and the Common Securities to the
       extent the Debentures are redeemed or mature; and

           (iii) upon written notice of distribution issued by
       the Administrators in accordance with the terms of the
       Securities, engage in such ministerial activities
       as shall be necessary or appropriate to effect the
       distribution of the Debentures to Holders of Securities
       upon the occurrence of the circumstances specified
       therefor under the terms of the Securities.

       (d) The Institutional Trustee shall take all actions and
perform such duties as may be specifically required of the
Institutional Trustee pursuant to the terms of the Securities.

       (e) The Institutional Trustee may bring or defend, pay,
collect, compromise, arbitrate, resort to legal action with
respect to, or otherwise adjust claims or demands of or
against, the Trust (a "Legal Action") which arise out of or in
connection with an Event of Default of which a Responsible
Officer of the Institutional Trustee has actual knowledge or the
Institutional Trustee's duties and obligations under this
Declaration or the Trust Indenture Act; provided, however, that
if an Event of Default has occurred and is continuing and such
event is attributable to the failure of the Debenture Issuer to
pay interest or premium, if any, on or principal of the
Debentures on the date such interest, premium, if any, or
principal is otherwise payable (or in the case of redemption, on
the date of redemption), then a Holder of the Capital Securities
may directly institute a proceeding for enforcement of payment to
such Holder of the principal of or premium, if any, or interest
that is so payable on the Debentures having a
principal amount equal to the aggregate liquidation amount of the
Capital Securities of such Holder (a "Direct Action") on or after
the respective due date specified in the Debentures. In
connection with such Direct Action, the rights of the Holders of
the Common Securities will be subrogated to the rights of such
Holder of the Capital Securities to the extent of any payment
made by the Debenture Issuer to such Holder of the Capital
Securities in such Direct Action; provided, however, that a
Holder of the Common Securities may exercise such right of

<PAGE>

subrogation only if no Event of Default with respect to the
Capital Securities has occurred and is continuing.

     (f) The Institutional Trustee shall continue to serve as a
Trustee until either:

           (i) the Trust has been completely liquidated and the
    proceeds of the liquidation distributed to the Holders of
     the Securities pursuant to the terms of the Securities and
     this Declaration (including Annex I); or

           (ii) a Successor Institutional Trustee has been
     appointed and has accepted that appointment in accordance
     with Section 4.5.

     (g) The Institutional Trustee shall have the legal power to
exercise all of the rights, powers and privileges of a holder of
the Debentures under the Indenture and, if an Event of Default
occurs and is continuing, the Institutional Trustee may, for the
benefit of H01ders of the Securities, enforce its rights as
holder of the Debentures subject to the rights of the Holders
pursuant to this Declaration (including Annex I) and the terms
of the Securities.

     (h) The Institutional Trustee must exercise the powers set
forth in this Section 2.8 in a manner that is consistent with the
purposes and functions of the Trust set out in Section
2.3, and the Institutional Trustee shall not take any action that
is inconsistent with the purposes and functions of the Trust set
out in Section 2.3.

            Section 2.9. Certain Duties andResponsibilities of
                      the Trustees and the Administrators.

     (a) The Institutional Trustee, before the occurrence of any
Event of Default (of which the Institutional Trustee has
knowledge (as provided in Section 2.10(m) hereof)) and
after the curing of all Events of Default that may have occurred,
shall undertake to perform only such duties as are specifically
set forth in this Declaration and no implied covenants shall be
read into this Declaration against the Institutional Trustee. In
case an Event of Default (of
which the Institutional Trustee has knowledge (as provided in
Section 2.10(m) hereof)), has occurred (that has not been cured
or waived pursuant to Section 6.7), the Institutional Trustee
shall exercise such of the rights and powers vested in it by this
Declaration, and use the same degree of care and skill in their
exercise, as a prudent person would exercise or use under the
circumstances in the conduct of his or her own affairs.

     (b) The duties and responsibilities of the Trustees and the
Administrators shall be as provided by this Declaration and, in
the case of the Institutional Trustee, by the Trust Indenture
Act. Notwithstanding the foregoing, no provision of this
Declaration shall require any Trustee or Administrator to expend
or risk its own funds or otherwise incur any financial liability
in the performance of any of its duties hereunder, or in the
exercise of any of its rights or powers, if it shall have
reasonable grounds for believing that repayment of such funds or
adequate indemnity satisfactory to it against such risk or
liability is not reasonably assured to it. Whether or not therein
expressly so provided, every provision of this Declaration
relating to the conduct or affecting the liability of or
affording protection to the Trustees or the Administrators shall
be subject to the provisions of this Article. Nothing in this
Declaration shall be construed to release a Trustee from
liability for its own negligent action, its own negligent failure
to act, or

<PAGE>

its own willful misconduct or bad faith. Nothing in this
Declaration shall be construed to release an Administrator from
liability for its own gross negligent action, its own gross
negligent failure to act, or its own willful misconduct or bad
faith. To the extent that, at law or in equity, a Trustee or an
Administrator has duties and liabilities relating to the Trust or
to the Holders, such Trustee or Administrator shall not be liable
to the Trust or to any Holder for such Trustee's or
Administrator's good faith reliance on the provisions of this
Declaration. The provisions of this Declaration, to the extent
that they restrict the duties and liabilities of the
Administrators or the Trustees otherwise existing at law or in
equity, are agreed by the Sponsor and the Holders to replace such
other duties and liabilities of the Administrators or the
Trustees.

     (c) All payments made by the Institutional Trustee or a
Paying Agent in respect of the 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 Institutional Trustee or a
Paying Agent to make payments in accordance with the terms
hereof. Each Holder, by its acceptance of a Security, agrees that
it will 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 and the Administrators
are not personally liable to it for any amount distributable in
respect of any Security or for any other
liability in respect of any Security. This Section 2.9(c) does
not limit the liability of the Trustees expressly set forth
elsewhere in this Declaration or, in the case of the
Institutional Trustee, in the Trust Indenture Act.

     (d) No provision of this Declaration shall be construed to
relieve the Institutional Trustee from liability for its own
negligent action, its own negligent failure to act, or its own
willful misconduct or bad faith with respect to matters that are
within the authority of the Institutional Trustee under this
Declaration, except that:

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

          (ii) the Institutional 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 a Majority in liquidation amount of the Capital
     Securities or the Common Securities, as applicable,
     relating to the time, method and place of conducting any
     proceeding for any remedy available to the Institutional
     Trustee, or exercising anytrust or power conferred upon the
     Institutional Trustee under this Declaration;

          (iii) the Institutional Trustee's sole duty with
     respect to the custody, safe keeping and physical
     preservation of the Debentures and the Property Account
     shall be to deal with such property in a similar manner as
     the Institutional Trustee deals with similar property for
     its own account, subject to the protections and limitations
     on liability afforded to the Institutional Trustee under
     this Declaration and the Trust Indenture Act;

<PAGE>

          (iv) the Institutional Trustee shall not be liable for
    any interest on any money received by it except as it may
     otherwise agree in writing with the Sponsor; and money held
     by the Institutional Trustee need not be segregated from
     other funds held by it except in relation to the Property
     Account maintained by the Institutional Trustee pursuant to
     Section 2.8(c)(i) and except to the extent otherwise
     required by law; and

          (v) the Institutional Trustee shall not be responsible
     for monitoring the compliance by the Administrators or the
     Sponsor with their respective duties under this
     Declaration, nor shall the Institutional Trustee be liable
     for any default or misconduct of the Administrators or the
     Sponsor.

         Section 2.10. Certain Rights of Institutional Trustee.
                     Subject to the provisions of Section 2.9:

     (a) the Institutional Trustee may conclusively rely and
shall fully be protected in acting or refraining from acting in
good faith upon any resolution, written opinion of counsel,
certificate, written representation of a Holder or transferee,
certificate of auditors or any other certificate, statement,
instrument, opinion, report, notice, request, direction, 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, sent or presented by the proper
party or parties;

     (b) if (i) in performing its duties under this Declaration,
the Institutional Trustee is required to decide between
alternative courses of action, (ii) in construing any of the
provisions of this Declaration, the Institutional Trustee finds
the same ambiguous or inconsistent with any other provisions
contained herein, or (iii) the Institutional Trustee is unsure of
the application of any provision of this Declaration, then,
except as to any matter as to which the Holders of Capital
Securities are entitled to vote under the terms of this
Declaration, the Institutional Trustee may deliver a notice to
the Sponsor requesting the Sponsor's opinion as
to the course of action to be taken and the Institutional Trustee
shall take such action, or refrain from taking such action, as
the Institutional Trustee in its sole discretion shall deem
advisable and in the best interests of the Holders, in which
event the Institutional Trustee shall have no
liability except for its own negligence, willful misconduct or
bad faith;

     (c) any direction or act of the Sponsor or the
Administrators contemplated by this Declaration shall be
sufficiently evidenced by an Officers' Certificate;

     (d) whenever in the administration of this Declaration, the
Institutional Trustee shall deem it desirable that a matter be
proved or established before undertaking, suffering or omitting
any action hereunder, the Institutional 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 Sponsor or the Administrators;

<PAGE>
     (e) the Institutional Trustee shall have no duty to see to
any recording, filing or registration of any instrument
(including any financing or continuation statement or any
filing under tax or securities laws) or any rerecording, refiling
or reregistration thereof;

     (f) the Institutional Trustee may consult with counsel of
its selection (which counsel may be counsel to the Sponsor 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; the Institutional Trustee shall have the right at any
time to seek instructions concerning the administration of this
Declaration from any court of competent jurisdiction;

     (g) the Institutional Trustee shall be under no obligation
to exercise any of the rights or powers vested in it by this
Declaration at the request or direction of any of the Holders
pursuant to this Declaration, unless such Holders shall have
offered to the Institutional Trustee security or indemnity
reasonably satisfactory to it against the costs, expenses and
liabilities which might be incurred by it in compliance with such
request or direction; provided, that nothing contained in this
Section 2.10(g) shall be taken to relieve the Institutional
Trustee, upon the occurrence of an Event of Default (of which the
Institutional Trustee has knowledge (as provided in Section
2.10(m) hereof)) that has not been cured or waived, of its
obligation to exercise the rights and powers vested in it by this
Declaration;

     (h) the Institutional 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 one or more Holders, but
the Institutional Trustee may make such further inquiry or
investigation into such facts or matters as it may see fit;

     (i) the Institutional Trustee may execute any of the trusts
or powers hereunder or perform any duties hereunder either
directly or by or through its agents or attorneys and the
Institutional Trustee shall not be responsible for any misconduct
or negligence on the part of, or for the supervision of, any such
agent or attorney appointed with due care by it hereunder;

     (j) whenever in the administration of this Declaration the
Institutional Trustee shall deem it desirable to receive
instructions with respect to enforcing any remedy or right or
taking any other action hereunder, the Institutional Trustee (i)
may request instructions from the Holders of the Common
Securities and the Capital Securities, which instructions may be
given only by the Holders of the same proportion in liquidation
amount of the Common Securities and the Capital Securities as
would be entitled to direct the Institutional Trustee under the
terms of the Common Securities and the Capital 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 fully
protected in acting in accordance with such instructions;

     (k) except as otherwise expressly provided in this
Declaration, the Institutional Trustee shall not be under any
obligation to take any action that is discretionary under the
provisions of this Declaration;

<PAGE>

     (l) when the Institutional Trustee incurs expenses or
renders services in connection with a Bankruptcy Event, such
expenses (including the fees and expenses of its counsel) and the
compensation for such services are intended to constitute
expenses of administration under any bankruptcy taw or law
relating to creditors rights generally;

     (m) the Institutional Trustee shall not be charged with
knowledge of an Event of Default unless a Responsible Officer of
the Institutional Trustee has actual knowledge of such event or
the Institutional Trustee receives written notice of such event
from any Holder, except that the Institutional Trustee shall be
deemed to have knowledge of any Event of Default pursuant to
Sections 5.01 (a), 5.01 (b) or 5.01(c) of the Indenture (other
than an Event of Default resulting from the default in the
payment of Additional Amounts if the Institutional. Trustee
does not have actual knowledge or written notice that such
payment is due and payable);

     (n) any action taken by the Institutional Trustee or
itsagents hereunder shall bind the Trust and the Holders of the
Securities, and the signature of the Institutional Trustee or
its agents alone shall be sufficient and effective to perform any
such action and no third party shall be required to inquire as to
the authority of the Institutional Trustee to so act or as to its
compliance with any of the terms and provisions of this
Declaration, both of which shall be conclusively evidenced by the
Institutional Trustee's or its agent's taking such action; and

     (o) no provision of this Declaration shall be deemed to
impose any duty or obligation on the Institutional 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
Institutional Trustee shall be unqualified or incompetent in
accordance with applicable law, to perform any such act or acts,
or to exercise any such right, power, duty or obligation, and no
permissive power or authority available to the Institutional
Trustee shall be construed to be a duty.

      Section 2.11. Delaware Trustee. Notwithstanding any other
provision of this Declaration other than Section 4.2, the Delaware
Trustee shall not be entitled to exercise any powers, and the Delaware
Trustee shall not have any of the duties and responsibilities of any
of the Trustees-or the Administrators specified in this
Declaration(except as may be required under the Statutory Trust Act).
Except as set forth in Section 4.2, the Delaware Trustee shall be a
Trustee for the sole and limited purpose of fulfilling the
requirements of Section 3807 of the Statutory Trust Act.

     Section 2.12. Execution of Documents. unless otherwise
determined in writing by the Institutional Trustee, and except as
otherwise required by the Statutory Trust Act, the
Institutional Trustee, or any one or more of the Administrators,
as the case may be, is authorized to execute and deliver on
behalf of the Trust any documents, agreements, instruments or
certificates that the Trustees or the Administrators, as the case
may be, have the power and authority to execute pursuant to
Section 2.6.

     Section 2.13. Not Responsible for Recitals or Issuance of
Securities. The recitals contained in this Declaration and the
Securities shall be taken as the statements of the Sponsor,
and the Trustees do not assume any responsibility for their
correctness. The Trustees make no representations as to the value
or condition of the Trust Property or any part thereof. The

<PAGE>

Trustees make no representations as to the validity or
sufficiency of this Declaration, the Debentures or the
Securities.

     Section 2.14. Duration of Trust. The Trust, unless dissolved
pursuant to the provisions of Article VII hereof, shall have
existence for five (5) years after the Maturity Date.
Section 2.151 Mergers. (a) The Trust may not 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 corporation or other Person, except as
described in this Section 2.15 and except with respect to the
distribution of Debentures to Holders of Securities pursuant to
Section 7. l(a)(iv) of this Declaration or Section 4 of Annex I.

     (b) The Trust may, with the consent of the Administrators
(which consent will not be unreasonably withheld) and without the
consent of the Institutional Trustee, the Delaware
Trustee or the Holders of the Capital Securities, consolidate,
amalgamate, merge with or into, or be replaced by, or convey,
transfer or lease its properties and assets as an entirety or
substantially as an entirety to a trust organized as such under
the laws of any state; provided, that:

         (i) if the Trust is not the survivor, such successor
     entity (the "Successor Entity") either:

            (A) expressly assumes all of the obligations of the
        Trust under the Securities; or

            (B) substitutes for the Securities other securities
        having substantially the same terms as the Securities
         (the "Successor Securities") so that the Successor
         Securities rank the same as the Securities rank with
         respect to Distributions and payments upon
         Liquidation, redemption and otherwise;

         (ii) the Sponsor expressly appoints, as the holder of
     the Debentures, a trustee of the Successor Entity that
     possesses the same powers and duties as the Institutional
     Trustee;

         (iii) the Capital Securities or any Successor
     Securities are listed or quoted, or any Successor
     Securities will be listed or quoted upon notification of
     issuance, on any national securities exchange or with
     another organization on which the Capital Securities are
     then listed or quoted, if any;

         (iv) such merger, consolidation, amalgamation,
     replacement, conveyance, transfer or lease does not cause
     the rating on the Capital Securities or any Successor
     Securities to be downgraded or withdrawn by any nationally
     recognized statistical rating organization, if the Capital
     Securities are then rated;

         (v) such merger, consolidation, amalgamation,
     replacement, conveyance, transfer or lease does not
     adversely affect the rights, preferences and privileges of
     the Holders of the Securities or any Successor Securities
     in any

<PAGE>

     material respect (other than with respect to any dilution
     of such Holders' interests in the Successor Entity);

      (vi) such Successor Entity, if any, has a purpose
     substantially identical to that of the Trust;

      (vii) prior to such merger, consolidation, amalgamation,
     replacement, conveyance, transfer or lease, the Trust has
     received a written opinion of a nationally recognized
     independent counsel to the Trust experienced in such
     matters to the effect that:

           (A) such merger, consolidation, amalgamation,
     replacement, conveyance, transfer or lease does not
     adversely affect the rights, preferences and privileges of
     the Holders of the Securities or any Successor Securities
     in any material respect (other than with respect to any
     dilution of such Holders' interests in the Successor
     Entity);

           (B) following such merger, consolidation,
     amalgamation, replacement, conveyance, transfer or lease,
     neither the Trust nor the Successor Entity will be required
     to register as an Investment Company under the Investment
     Company Act; and

           (C) following such merger, consolidation,
     amalgamation, replacement, conveyance, transfer or lease,
     the Trust or the Successor Entity will continue to be
     classified as a grantor trust for United States federal
     income tax purposes;

      (viii) the Sponsor guarantees the obligations of the
     Successor Entity under the Successor Securities to the same
     extent provided by the Indenture, the Guarantee, the
     Debentures and this Declaration; and

      (ix) prior to such merger, consolidation, amalgamation,
     replacement, conveyance, transfer or lease, the
     Institutional Trustee shall have received an Officers'
     Certificate of the Administrators and an opinion of
     counsel, each to the effect that all conditions precedent
     of this paragraph (b) to such transaction have been
     satisfied.

    (c) Notwithstanding Section 2.15(b), the Trust shall not,
except with the consent of Holders of 100% in liquidation amount
of the Securities, consolidate, amalgamate, merge with or into,
or be replaced by, or convey, transfer or lease its properties
and assets as an entirety or 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, replacement, conveyance,
transfer or lease would cause the Trust or Successor Entity to
be classified as other than a grantor trust for United States
federal income tax purposes.

<PAGE>

                         ARTICLE III

                           SPONSOR

     Section 3.1. Sponsor's Purchase of Common Securities. On the
Closing Date, the Sponsor will purchase all of the Common
Securities issued by the Trust, in an amount at least equal to 3%
of the capital of the Trust, at the same time as the Capital
Securities are sold.

     Section 3.2. Responsibilities of the Sponsor. In connection
with the issue and sale of the Capital Securities, the Sponsor
shall have the exclusive right and responsibility and sole
decision to engage in, or direct the Administrators to engage in,
the following activities:

     (a) to determine the jurisdictions in which to take
appropriate action to qualify or register for sale all or part of
the Capital Securities and to do any and all such acts, other
than actions which must be taken by the Trust, and advise the
Trust of actions it must take, and prepare for execution and
filing any documents to be executed and filed by the Trust, as
the Sponsor deems necessary, advisable or incidental thereto in
order to comply with the applicable laws of any such
jurisdictions;

     (b) to prepare for filing and request the Administrators to
cause the filing by the Trust, as may be appropriate, of an
application to the PORTAL system, for listing or quotation upon
notice of issuance of any Capital Securities, as requested by the
Holders of not less than aMajority in liquidation amount of the
Capital Securities; and

    (c) to negotiate the terms of and/or execute and deliver on
behalf of the Trust, the Placement Agreement and other related
agreements providing for the sale of the Capital Securities or
the resale thereof by the Purchaser.

                           ARTICLE IV

                   TRUSTEES AND ADMINISTRATORS

     Section 4.1. Number of Trustees. The number of Trustees
initially shall be two, and:

    (a) at any time before the issuance of any Securities, the
Sponsor may, by written instrument, increase or decrease the
number of Trustees; and

    (b) after the issuance of any Securities, the number of
Trustees may be increased or decreased by vote of the Holder of a
Majority in liquidation amount of the Common Securities voting as
a class at a meeting of the Holder of the Common Securities;
provided, however, that there shall be a Delaware Trustee if
required by Section 4.2; and there shall always be one Trustee
who shall be the Institutional Trustee, and such Trustee may also
serve as Delaware Trustee if it meets the applicable
requirements, in which case Section 2.11 shall have no
application to such entity in its capacity as Institutional
Trustee.

   Section 4.2. Delaware Trustee. If required by the Statutory
Trust Act, one Trustee (the "Delaware Trustee") shall be:

<PAGE>

    (a) a natural person who is a resident of the State of
Delaware and a U.S. Person at least 21 years of age; or

    (b) if not a natural person, an entity which is organized
under the laws of the United States or any state thereof or the
District of Columbia, has its principal place of business
in the State of Delaware, and otherwise meets the requirements of
applicable law, including Section 3807 of the Statutory Trust
Act. The initial Delaware Trustee shall be Wilmington Trust
Company.

    Section 4.3. Institutional Trustee; Eligibility.
    (a) There shall at all times be one Trustee that shall act as
Institutional Trustee which shall:

        (i) not be an Affiliate of the Sponsor;

        (ii) not offer or provide credit or credit enhancement
   to the Trust; and

        (iii) be a banking corporation or national association
   organized and doing business under the laws of the United
    States of America or any state thereof or of the District of
    Columbia and authorized under such laws to exercise
    corporate trust powers, having a combined capital and
    surplus of at least fifty million U.S. dollars
    ($50,000,000), and subject to supervision or examination by
    federal, state or District of Columbia authority. If such
    corporation or national association publishes reports of
    condition at least annually, pursuant to law or to the
    requirements of the supervising or examining authority
   referred to above, then for the purposes of this Section
    4.3(a)(iii), the combined capital and surplus of such
    corporation or national association shall be deemed to be
    its combined capital and surplus as set forth in its most
    recent report of condition so published.

    (b) If at any time the Institutional Trustee shall cease to
be eligible to so act under Section 4.3(a), the Institutional
Trustee shall immediately resign in the manner and with
the effect set forth in Section 4.5.

    (c) If the Institutional Trustee has or shall acquire any
"conflicting interest" within the meaning of Section 310(b) of
the Trust Indenture Act, the Institutional Trustee shall either
eliminate such interest or resign, to the extent and in the
manner provided by, and subject to this Declaration.

    (d) The initial Institutional Trustee shall be Wilmington
Trust Company.

    Section 4.4. Administrators. Each Administrator shall be a
U.S. Person. There shall at all times be at least one
Administrator. Except where a requirement for action by a
specific number of Administrators is expressly set forth in this
Declaration and except with respect to any action the taking of
which is the subject of a meeting of the Administrators, any
action required or permitted to be taken by the Administrators
may be taken by, and any power

<PAGE>

of the Administrators may be exercised by, or with the consent
of, any one such Administrator acting alone.

    Section 4.5. Appointment, Removal and Resignation of the
Trustees and the Administrators.

    (a) No resignation or removal of any Trustee (the "Relevant
Trustee") and no appointment of a successor Trustee pursuant to
this Article shall become effective until the acceptance of
appointment by the successor Trustee in accordance with the
applicable requirements of this Section.

    (b) Subject to Section 4.5(a), a Relevant Trustee may resign
at any time by giving written notice thereof to the Holders of
the Securities and by appointing a successor Relevant Trustee.
Upon the resignation of the Institutional Trustee, the
Institutional Trustee shall appoint a successor by requesting
from at least three Persons meeting the eligibility requirements
their expenses and charges to serve as the successor
Institutional Trustee on a form provided by the Administrators,
and selecting the Person who agrees to the. lowest expense and
charges (the "Successor Institutional Trustee"). If the
instrument of acceptance by the successor Relevant Trustee
required by this Section shall not have been delivered to the
Relevant Trustee within 60 days after the giving of such notice
of resignation or delivery of the instrument of removal, the
Relevant Trustee may petition, at the expense of the Trust, any
federal, state or District of Columbia court of competent
jurisdiction for the appointment of a successor Relevant Trustee.
Such court may thereupon, after prescribing such notice, if any,
as it may deem proper, appoint a Relevant Trustee. The
Institutional Trustee shall have no liability
for the selection of such successor pursuant to this Section.

    (c) Unless an Event of Default shall have occurred and be
continuing, any Trustee may be removed at any time by an act of
the Holders of a Majority in liquidation amount of the Common
Securities. If any Trustee shall be so removed, the Holders of
the Common Securities, by act of the Holders of a Majority in
liquidation amount of the Common Securities delivered to the
Relevant Trustee, shall promptly appoint a successor Relevant
Trustee, and such successor Relevant Trustee shall comply with
the applicable requirements of this Section. If an Event of
Default shall have occurred and be continuing, the Institutional
Trustee or the Delaware Trustee, or both of them, may be removed
by the act of the Holders of a Majority in liquidation amount of
the Capital Securities, delivered to the Relevant Trustee (in its
individual capacity and on behalf of the Trust). If any Trustee
shall be so removed, the Holders of Capital Securities, by act of
the Holders of a Majority in liquidation amount of the Capital
Securities then outstanding delivered to the Relevant Trustee,
shall promptly appoint a successor Relevant Trustee or Trustees,
and such successor Relevant Trustee shall comply with
the applicable requirements of this Section. If no successor
Relevant Trustee shall have been so appointed by the Holders of a
Majority in liquidation amount of the Capital Securities and
accepted appointment in the manner required by this Section
within 30 days after delivery of an instrument of removal, the
Relevant Trustee or any Holder who has been a Holder of the
Securities for at least six months may, on behalf of himself and
all others similarly situated, petition any federal, state or
District of Columbia court of competent jurisdiction for the
appointment of a successor Relevant Trustee. Such court may
thereupon, after prescribing such notice, if any, as it may deem
proper, appoint a successor Relevant Trustee or Trustees.

<PAGE>

    (d) The Institutional Trustee shall give notice of each
resignation and each removal of a Trustee and each appointment of
a successor Trustee to all Holders and to the Sponsor. Each
notice shall include the name of the successor Relevant Trustee
and the address of its Corporate Trust Office if it is the
Institutional Trustee.

    (e) Notwithstanding the foregoing or any other provision of
this Declaration, in the event a Delaware Trustee who is a
natural person dies or is adjudged by a court to have become
incompetent or incapacitated, the vacancy created by such death,
incompetence or incapacity may be filled by the Institutional
Trustee following the procedures in this Section (with the
successor being a Person who satisfies the eligibility
requirement for a Delaware Trustee set forth in this Declaration)
(the "Successor Delaware Trustee").

    (f) In case of the appointment hereunder of a successor
Relevant Trustee, the retiring Relevant Trustee and each
successor Relevant Trustee with respect to the Securities
shall execute and deliver an amendment hereto Wherein each
successor Relevant Trustee shall accept such appointment and
which (a) 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
Securities and the Trust and (b) shall add to or change any of
the provisions of this Declaration as shall be necessary to
provide for or facilitate the administration of the Trust by more
than one Relevant Trustee, it being understood that nothing
herein or in such amendment shall constitute such Relevant
Trustees co-trustees and upon the execution and delivery of such
amendment the resignation or removal of the retiring Relevant
Trustee shall become effective to the extent provided therein and
each such successor Relevant Trustee, without any further act,
deed or conveyance, shall become vested with all the rights,
powers, trusts and duties of the retiring Relevant Trustee; but,
on request of the Trust or any successor Relevant Trustee, such
retiring Relevant Trustee shall duly assign, transfer and deliver
to such successor Relevant Trustee all
Trust Property, all proceeds thereof and money held by such
retiring Relevant Trustee hereunder with respect to the
Securities and the Trust subject to the payment of all unpaid
fees, expenses and indemnities of such retiring Relevant Trustee.

    (g) No Institutional Trustee or Delaware Trustee shall be
liable for the acts or omissions to act of any Successor
Institutional Trustee or Successor Delaware Trustee, as the
case may be.

    (h) The Holders of the Capital Securities will have no right
to vote to appoint, remove or replace theAdministrators, which
voting rights are vested exclusively in the Holders of the Common
Securities.

    (i) Any Successor Delaware Trustee shall file an amendment to
the Certificate of Trust with the Secretary of State of the State
of Delaware identifying the name and principal place of business
of such Delaware Trustee in the State of Delaware.

    Section 4.6. Vacancies Among Trustees. If a Trustee ceases to
hold office for any reason and the number of Trustees is not
reduced pursuant to Section 4.1, or if the number of Trustees is
increased pursuant to Section 4.1, a vacancy shall occur. A
resolution certifying the existence of such vacancy by the
Trustees or, if there are more than two, a majority of the

<PAGE>

Trustees shall be conclusive evidence of the existence of such
vacancy. The vacancy shall be
filled with a Trustee appointed in accordance with Section 4.5.

    Section 4.7. Effect of Vacancies. The death, resignation,
retirement, removal, bankruptcy, dissolution, liquidation,
incompetence or incapacity to perform the duties of a
Trustee shall not operate to dissolve, terminate or annul the
Trust or terminate this Declaration. Whenever a vacancy in the
number of Trustees shall occur, until such vacancy is filled by
the appointment of a Trustee in accordance with Section 4.5, the
Institutional Trustee shall have all the powers granted to the
Trustees and shall discharge all the duties imposed upon the
Trustees by this Declaration.

    Section 4.8. Meetings of the Trustees and the Administrators.
Meetings of the Trustees or the Administrators shall be held from
time to time upon the call of any Trustee or
Administrator, as applicable. Regular meetings of the Trustees
and the Administrators, respectively, may be in person in the
United States or by telephone, at a place (ifappiicable) and
time fixed by resolution of the Trustees or the Administrators,
as applicable. Notice of any inperson meetings of the Trustees or
the Administrators shall be hand delivered or otherwise
delivered in writing (including by facsimile, with a hard copy by
overnight courier) not less than 48 hours before such meeting.
Notice of any telephonic meetings of the Trustees or the
Administrators or any committee thereof shall be hand delivered
or otherwise delivered in writing (including by facsimile, with a
hard copy by overnight courier) not less than 24 hours before a
meeting. Notices shall contain a brief statement of the time,
place and anticipated purposes of the meeting. The presence
(whether in person or by telephone) of a Trustee or an
Administrator, as the case may be, at a meeting shall constitute
a waiver of notice of such meeting except where a Trustee or an
Administrator, as the case may be, attends a meeting for the
express purpose of objecting to the transaction of any activity
on the ground that the meeting has not been lawfully called or
convened. Unless provided otherwise in this Declaration, any
action of the Trustees or the Administrators, as the case may be,
may be taken at a meeting by vote of a majority of the Trustees
or the Administrators present (whether in person or by telephone)
and eligible to vote with respect to such matter; provided, that,
in the case of the Administrators, a Quorum is present, or
without a meeting by the unanimous written consent of the
Trustees or the Administrators, as the case may be. Meetings of
the Trustees and the Administrators together shall be held from
time to time upon the call of any Trustee or Administrator.

    Section 4.9. Delegation of Power. (a) Any Trustee or any
Administrator, as the case may be, may, by power of attorney
consistent with applicable law, delegate to any other natural
person over the age of 21 that is a U.S. Person his or her power
for the purpose of executing any documents, instruments or other
writings contemplated in Section 2.6. (b) The Trustees shall have
power to delegate from time to time to such of their number or to
any officer of the Trust that is a U.S. Person, the doing of such
things and the execution of such instruments or other writings
either in the name of the Trust or the names of
the Trustees or otherwise as the 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.

<PAGE>

    Section 4.10. Merger, Conversion, Consolidation or Succession
to Business. Any Person into which the Institutional Trustee or
the Delaware Trustee, as the case may be, may be
merged or converted or with which either may be consolidated, or
any Person resulting from any merger, conversion or consolidation
to which the Institutional Trustee or the Delaware
Trustee, as the case may be, shall be a party, or any Person
succeeding to all or substantially all the corporate trust
business of the Institutional Trustee or the Delaware Trustee, as
the case may be, shall be the successor of the Institutional
Trustee or the Delaware Trustee, as the case may be, hereunder,
without the execution or filing of any paper or any further act
on the part of any of the parties hereto, provided such Person
shall be otherwise qualified and eligible under this Article and,
provided, further, that such Person shall file an amendment to
the Certificate of Trust with the Secretary of State of the State
of Delaware as contemplated in Section 4.5(i).

                           ARTICLE V

                         DISTRIBUTIONS

    Section 5.1. Distributions. Holders shall receive
Distributions in accordance with the applicable terms of the
relevant Holder's Securities. Distributions shall be made on the
Capital Securities and the Common Securities in accordance with
the preferences set forth in their respective terms. If and to
the extent that the Debenture Issuer makes a payment of
interest (including any Additional Amounts or Deferred Interest)
or premium, if any, on and/or principal of the Debentures held by
the Institutional Trustee (the amount of any such payment
being a "Payment Amount"), the Institutional Trustee shall and is
directed, to the extent funds are available in the Property
Account for that purpose, to make a distribution (a
"Distribution") of the Payment Amount to Holders. For the
avoidance of doubt, funds in the Property Account shall not be
distributed to Holders to the extent of any taxes payable by the
Trust, in the case of withholding taxes, as determined by the
Institutional Trustee or any Paying Agent and, in the case of
taxes other than withholding taxes, as determined by the
Administrators in a written notice to the Institutional Trustee.

                        ARTICLE VI

                  ISSUANCE OF SECURITIES

    Section 6.1. General Provisions Regarding Securities.

    (a) The Administrators shall on behalf of the Trust issue one
series of capital securities, evidenced by a certificate
substantially in the form of Exhibit A-1, representing
undivided beneficial interests in the assets of the Trust and
having such terms as are set forth in Annex I (the "Capital
Securities"), and one series of common securities, evidenced by a
certificate substantially in the form of Exhibit A-2,
representing undivided beneficial interests in the assets of the
Trust and having such terms as are set forth in Annex I (the
"Common Securities"). The Trust shall issue no securities or
other interests in the assets of the Trust other than the
Capital-Securities and the Common Securities. The Capital
Securities rank pari passu with, and payment thereon shall be
made Pro Rata with, the Common Securities except that,
where an Event of Default has occurred and is continuing, the
rights of Holders of the Common

<PAGE>

Securities to payment in respect of Distributions and payments
upon liquidation, redemption and otherwise are subordinated to
the rights to payment of the Holders of the Capital Securities.

    (b) The Certificates shall be signed on behalf of the Trust
by one or more Administrators. Such signature shall be the
facsimile or manual signature of any Administrator. In case any
Administrator of the Trust who shall have signed any of the
Securities shall cease to be such Administrator before the
Certificates so signed shall be delivered by the Trust, such
Certificates nevertheless may be delivered as though the person
who signed such Certificates had not ceased to be such
Administrator. Any Certificate may be signed on behalf of the
Trust by such person who, at the actual date of execution of such
Certificate, shall be an Administrator of the Trust, although at
the date of the execution and delivery of the Declaration any
such person was not such an Administrator. A Capital Security
shall not be valid until the Certificate evidencing it is
authenticated by the manual or facsimile signature of an
Authorized Officer of the Institutional Trustee. Such signature
shall be conclusive evidence that the Certificate evidencing such
Capital Security has been authenticated under this Declaration.
Upon written order of the Trust signed by one Administrator, the
Institutional Trustee shall authenticate one or more Certificates
evidencing the Capital Securities for original issue. The
Institutional Trustee may appoint an authenticating agent that is
a U.S. Person acceptable to the
Sponsor to authenticate Certificates evidencing Capital
Securities. A Common Security need not be so authenticated and
shall be valid upon execution by one or more Administrators.

    (c) The consideration received by the Trust for the issuance
of the Securities shall constitute a contribution to the capital
of the Trust and shall not constitute a loan to the Trust.

    (d) Upon issuance of the Securities as provided in this
Declaration, the Securities so issued shall be deemed to be
validly issued, fully paid and non-assessable, and each Holder
thereof shall be entitled to the benefits provided by this
Declaration.

    (e) Every Person, by virtue of having become a Holder in
accordance with the terms of this Declaration, shall be deemed to
have expressly assented and agreed to the terms of,
and shall be bound by, this Declaration and the Guarantee.

    Section 6.2. Paying Agent, Transfer Agent, Calculation Agent
               and Registrar.

    (a) The Trust shall maintain in Wilmington, Delaware (i) an
office or agency where the Securities may be presented for
payment (the "Paying Agent") and (ii) an office or agency where
Securities may be presented for registration of transfer or
exchange (the "Transfer Agent"). The Trust shall keep or cause to
be kept at such office or agency a register (the "Securities
Register") for the purpose of registering Securities and
transfers and exchanges of Securities, such Securities Register
to be held by a registrar (the "Registrar"). The Administrators
may appoint the Paying Agent, the Registrar and the Transfer
Agent, and may appoint one or more additional Paying Agents, one
or more co-Registrars, or one or more co- Transfer Agents in such
other locations as it shall determine. The term "Paying Agent"
includes any additional Paying Agent, the term "Registrar"
includes any additional Registrar or co-Registrar and the term
"Transfer Agent" includes any additional Transfer Agent or
co-Transfer Agent. The Administrators may change any Paying
Agent, Transfer Agent or Registrar at any

<PAGE>

time without prior notice to any Holder. The Administrators shall
notify the Institutional Trustee of the name and address of any
Paying Agent, Transfer-Agent and Registrar not a party
to this Declaration. The Administrators hereby initially appoint
the Institutional Trustee to act as Paying Agent, Transfer Agent
and Registrar for the Capital Securities and the Common
Securities at its Corporate Trust Office. The Institutional
Trustee or any of its' Affiliates in the United States may act as
Paying Agent, Transfer Agent or Registrar.

    (b) The Trust shall also appoint a Calculation Agent, which
shall determine the Coupon Rate in accordance with the terms of
the Securities. The Trust initially appoints the Institutional
Trustee as Calculation Agent.

    Section 6.3. Form and Dating.

    (a) The Capital Securities shall be evidenced by one or more
Certificates, and the Institutional Trustee's certificate of
authentication thereon shall be, substantially in.the form
of Exhibit A-l, and the Common Securities shall be evidenced by
one or more Certificates substantially in the form of Exhibit
A-2, each of which is hereby incorporated in and expressly
made a part of this Declaration. Certificates may be typed,
printed, lithographed or engraved or may be produced in any other
manner as is reasonably acceptable to the Administrators, as
conclusively evidenced by their execution thereof. Certificates
evidencing Securities may have letters, numbers, notations or
other marks of identification or designation and such legends or
endorsements required by law, stock exchange rule, agreements to
which the Trust is subject, if any, or usage (provided, that any
such notation, legend or endorsement is in a form acceptable to
the Sponsor). The Trust at the direction of the Sponsor shall
furnish any such legend not contained in Exhibit A-1 to the
Institutional Trustee in writing. Each Capital Security
Certificate shall be dated the date of its authentication. The
terms and provisions of the Securities set forth in Annex I and
the forms of Certificates set forth in Exhibits A-1 and A-2 are
part of the terms of this Declaration and to the extent
applicable, the Institutional Trustee,
the Delaware Trustee, the Administrators and the Sponsor, by
their execution and delivery of this Declaration, expressly agree
to such terms and provisions and to be bound thereby. Capital
Securities will be issued only in blocks having an aggregate
liquidation amount of not less than $100,000.

    (b) The Capital Securities are being offered and sold by the
Trust initially pursuant to the Placement Agreement in definitive
form, registered in the name of the Holder
thereof, without coupons and with the Restricted Securities
Legend.

    Section 6.4. Mutilated, Destroyed, Lost or Stolen
Certificates. If (a) any mutilated Certificate should be
surrendered to the Registrar, or if the Registrar shall receive
evidence to its satisfaction of the destruction, loss or thet_ of
any Certificate and (b) the related Holder shall deliver to the
Registrar, the Administrators and the Institutional Trustee such
security or indemnity as may be reasonably required by them to
keep each of them harmless, then, in the absence of notice that
such Certificate shall have been acquired by a bona fide
purchaser, an Administrator on behalf of the Trust shall execute
(and in the case of a Capital Security Certificate, the
Institutional Trustee shall authenticate) and deliver to such
Holder, in exchange for or in lieu of any such mutilated,
destroyed, lost or stolen Certificate, a new Certificate of like
denomination. In connection with the issuance of any new
Certificate under

<PAGE>

this Section, the Registrar or the Administrators may require
such Holder to pay a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection
therewith. Any Certificate executed and delivered pursuant to
this Section shall constitute conclusive evidence of an ownership
interest in the relevant Securities, as if originally issued,
whether or not the lost, stolen or destroyed Certificate shall be
found at any time.

    Section 6.5. Temporary Certificates. Until definitive
Certificates are ready for delivery, the Administrators may
prepare and execute on behalf of the Trust and, in the case of
Capital Security Certificates, the Institutional Trustee shall
authenticate, temporary Certificates. Temporary Certificates
shall be substantially in the form of definitive Certificates but
may have variations that the Administrators consider appropriate
for temporary Certificates. Without unreasonable delay, the
Administrators shall prepare and execute on behalf of the Trust
and, in the case of the Capital Security Certificates, the
Institutional Trustee shall authenticate definitive Certificates
in exchange for temporary Certificates.

    Section 6.6. Cancellation. The Administrators at any time may
deliver Certificates evidencing Securities to the Institutional
Trustee for cancellation. The Registrar shall forward to the
Institutional Trustee any Certificates evidencing Securities
surrendered to it for registration of transfer, redemption or
payment. The Institutional Trustee shall promptly cancel all
Certificates surrendered for registration of transfer, payment,
replacement or cancellation and shall dispose of such canceled
Certificates as the Administrators direct. The Administrators may
not issue new Certificates to replace Certificates evidencing
Securities that have been paid or, except for Certificates
surrendered for purposes of the transfer or exchange of the
Securities evidenced thereby, that have been delivered to the
Institutional Trustee for, cancellation.

    Section 6.7. Rights of Holders; Waivers of Past Defaults.

    (a) The legal title to the Trust Property is vested
exclusively in the Institutional Trustee (in its capacity as
such) in accordance with Section 2.5, and the Holders shall not
have any right or title therein other than the undivided
beneficial interest in the assets of the Trust conferred by their
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 Securities shall be personal property giving
only the rights specifically set forth therein and in this
Declaration. The Securities shall have no, and the issuance of
the Securities shall not be subject
to, preemptive or other similar rights and when issued and
delivered to Holders against payment of the purchase price
therefor, the Securities will be fully paid and nonassessable by
the Trust.

    (b) For so long as any Capital Securities remain outstanding,
if, upon an Indenture Event of Default pursuant to Sections
5.01(b), (e) or (f) of the Indenture, 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 not less than a Majority in
liquidation amount of the Capital Securities then outstanding
shall have the right to make such declaration by a notice in
writing to the Institutional Trustee, the Sponsor and the
Debenture Trustee.

<PAGE>

    (c) At any time after the acceleration of maturity of the
Debentures has been made and before a judgment or decree for
payment of the money due has been obtained by the Debenture
Trustee as provided in the Indenture, if the Institutional
Trustee, subject to the provisions hereof, fails to annul any
such acceleration and waive such default, the Holders of a
Majority in liquidation amount of the Capital Securities, by
written notice to the Institutional Trustee, the Sponsor and the
Debenture Trustee, may rescind and annul such acceleration and
its consequences if:

        (i) the Sponsor has paid or deposited with the Debenture
   Trustee a sum sufficient to pay

            (A) all overdue installments of interest on all of
        the Debentures;

            (B) any accruedDeferred Interest on all of the
        Debentures;

            (C) all payments on any Debentures that have become
        due otherwise than by such acceleration and interest and
        Deferred Interest thereon at the rate borne by the
        Debentures; and

            (D) all sums paid or advanced by the Debenture
        Trustee under the Indenture and the reasonable
        compensation, documented expenses, disbursements and
        advances of the Debenture Trustee and the Institutional
        Trustee, their agents and counsel; and

        (ii) all Events of Default with respect to the
    Debentures, other than the non-payment of the principal of
    or premium, if any, on the Debentures that has become due
    solely by such acceleration, have been cured or waived as
    provided in Section 5.07 of the Indenture.

    (d) The Holders of a Majority in liquidation amount of the
Capital Securities may, on behalf of the Holders of all the
Capital Securities, waive any past Default or Event of Default,
except a Default or Event of Default arising from the non-payment
of p6ncipal of or premium, if any, or interest on the Debentures
(unless such Default or Event of Default has been
cured and a sum sufficient to pay all matured installments of
interest, premium and principal due otherwise than by
acceleration has been deposited with. the Debenture Trustee) or a
Default or Event of Default in respect of a covenant or provision
that under the Indenture cannot be modified or amended without
the consent of the holder of each outstanding Debenture. No such
rescission shall affect any subsequent default or impair any
right consequent thereon.

    (e) Upon receipt by the Institutional Trustee of written
notice declaring such an acceleration, or rescission and
annulment thereof, by Holders of any part of the Capital
Securities, a record date shall be established for determining
Holders of outstanding Capital Securities entitled to join in
such notice, which record date shall be at the close of business
on the day the Institutional Trustee receives such notice. The
Holders on such record date, or their duly designated proxies,
and only such Persons, shall be entitled to join in such notice,
whether or not such Holders remain Holders after such record
date; provided, that, unless such declaration of acceleration, or
rescission and annulment, as the case may be, shall have become
effective by virtue of the requisite percentage having joined in
such notice prior to the day that

<PAGE>

is 90 days after such record date, such notice of declaration of
acceleration, or rescission and annulment, as the case may be,
shall automatically and without further action by any Holder be
canceled and of no further effect. Nothing in this paragraph
shall prevent a Holder, or a proxy of a Holder, from giving,
after expiration of such 90-day period, a new written notice of
declaration of acceleration, or rescission and annulment thereof,
as the case may be, that is , identical to a written notice that
has been canceled pursuant to the proviso to the preceding
sentence, in which event a new record date shall be established
pursuant to the provisions of this Section.

    (f) Except as otherwise provided in this Section, the Holders
of a Majority in liquidation amount of the Capital Securities
may, on behalf of the Holders of all the Capital Securities,
waive any past Default or Event of Default and its consequences.
Upon such waiver, any such Default or Event 0fDefault shall cease
to exist, and any Default or Event of Default arising therefrom
shall be deemed to have been cured, for every purpose of this
Declaration, but no such waiver shall extend to any subsequent or
other Default or Event of Default or impair any right consequent
thereon.

                       ARTICLE VII

            DISSOLUTION AND TERMINATION OF TRUST

     Section 7.1. Dissolution and Termination of Trust. (a) The
Trust shall dissolve on the first to occur of:

        (i) unless earlier dissolved, on November 23, 2039, the
   expiration of the term of the Trust;

        (ii) a Bankruptcy Event with respect to the Sponsor, the
    Trust or the Debenture Issuer;

        (iii) other than in connection with a merger,
    consolidation or similar transaction not prohibited by the
    Indenture, this Declaration or the Guarantee, as the case
    may be, the filing of a certificate of dissolution or its
    equivalent with respect to the Sponsor or Upon the
    revocation of the charter of the Sponsor and the expiration
    of 90 days after the date of revocation without a
    reinstatement thereof;

        (iv) the distribution of all of the Debentures to the
    Holders of the Securities, upon exercise of the right of
    the Holders of all of the outstanding Common Securities to
    dissolve the Trust as provided in Annex I hereto;

        (v) the entry of a decree of judicial dissolution of any
    Holder of the Common Securities, the Sponsor, the Trust or
    the Debenture Issuer;

        (vi) when all of the Securities are then subject to
    redemption and the amounts necessary for redemption thereof
    shall have been paid to the Holders in accordance with the
    terms of the Securities; or

<PAGE>

        (vii) before the issuance of any Securities, with the
    consent of all of the Trustees and the Sponsor.

     (b) As soon as is practicable after the occurrence of an
event referred to in Section 7.1 (a), and after satisfaction of
liabilities to creditors of the Trust as required by applicable
law, including Section 3808 of the Statutory Trust Act, and
subject to the terms set forth in Annex I, the Institutional
Trustee shall terminate the Trust by filing a certificate of
cancellation with the Secretary of State of the State of
Delaware.

     (c) The provisions of Section 2.9 and Article IX shall
survive the termination of the Trust.

                         ARTICLE VIII

                    TRANSFER OF INTERESTS

     Section 8.1. General. (a) Where a Holder of Capital
Securities delivers to the Registrar in accordance with this
Declaration a request to register a transfer of such Holder's
Capital Securities or to exchange them for an equal aggregate
liquidation amount of Capital Securities represented by different
Certificates, the Registrar shall register the transfer or make
the exchange when the requirements specified in this Article VIII
for such transfer or exchange are met. To facilitate
registrations of transfers and exchanges, the Trust shall execute
and the Institutional Trustee shall authenticate Capital Security
Certificates at the Registrar's request.

     (b) Upon issuance of the Common Securities, the Sponsor
shall acquire and retain beneficial and record ownership of the
Common Securities and, for so long as the Securities remain
outstanding, the Sponsor shall maintain 100% ownership of the
Common Securities; provided, however, that any permitted
successor of the Debenture Issuer under the Indenture may succeed
to the Sponsor's ownership of the Common Securities.

     (c) Capital Securities may only be transferred, in whole or
in part, in accordance with the terms and conditions set forth in
this Declaration and in the terms of the Capital Securities. To
the fullest extent permitted by applicable law, any transfer or
purported transfer of any Security not made in accordance with
this Declaration shall be null and void and will be deemed to be
of no legal effect whatsoever and any such purported transferee
shall be deemed not to be the Holder of such Capital Securities
for any purpose, including, but not limited to, the receipt of
Distributions on such Capital Securities, and such transferee
shall be deemed to have no interest whatsoever in such Capital
Securities.

     (d) The Registrar shall provide in the Securities Register
for the registration of Securities and of transfers of
Securities, which will be effected without charge but only upon
payment (with such indemnity as the Registrar may reasonably
require) in respect of any tax or other governmental charges that
may be imposed in relation to it. Upon its receipt of the
documents required under this Section 8.1 (d) for registration of
transfer of any Securities, the Registrar shall register in the
Securities Register, in the name of the designated transferee or
transferees, the Securities being transferred and thereupon, for
all purposes of this Declaration, such transfer shall be
effective and such transferee or transferees shall be, and such
transferor

<PAGE>

shall no longer be, the Holder of the transferred Securities,
Upon the registration of transfer of a Security pursuant to the
terms of this Declaration in the name of the new Holder thereof,
such Security shall constitute the same Security as the Security
so transferred and shall be entitled to the same benefits under
this Declaration as the Security so transferred. The Registrar
shall, and is authorized to, record and register in the
Securities Register the transfer of a Security upon the
Registrar's receipt of originals or copies (which may be by
facsimile or other form of electronic transmission) of (i) a
written instrument of transfer in form reasonably satisfactory to
the Registrar duly executed by the Holder or such Holder's
attorney duly authorized in writing, and (ii) if such Security is
being transferred prior to the Resale Restriction Termination
Date other than in accordance with Section 8.4, a certificate
substantially in the form set forth as Exhibit B, C or D, as
applicable, hereto, executed by the transferor or transferee, as
applicable; thereupon, the Registrar is authorized to confirm in
writing to the transferee and, if requested, to the transferor of
such Security that such transfer has been registered in the
Securities Register and that such transferee is the Holder of
such Security. The Certificate evidencing the Security so
transferred, duly endorsed by the transferor, shall be
surrendered to the Registrar at the time the transfer conditions
specified in the immediately preceding sentence are satisfied or
within five (5) Business Days after the Registrar has registered
the transfer of such Security on the Securities Register, and
promptly after such surrender, an Administrator on behalf of the
Trust shall execute and, in the case of a Capital Security
Certificate, the Institutional Trustee shall, and is authorized
to, authenticate a Certificate in the name of the transferee as
the new Holder of the Security evidenced thereby. Until the
Certificate evidencing the Security so transferred is surrendered
to the Registrar, such Security may not be transferred by such
new Holder. Each Certificate surrendered in connection with a
registration of transfer shall be canceled by the Institutional
Trustee pursuant to Section 6.6. A transferee of a Security shall
be entitled to the rights and subject to the obligations of a
Holder hereunder uponthe registration of such transfer in the
Securities Register. Each such transferee shall be deemed to have
agreed to be bound by this Declaration.

     (e) Neither the Trust nor the Registrar shall be required
(i) to issue Certificates representing Securities or register the
transfer of or exchange any Securities during a period beginning
at the opening of business 15 days before the day of any
selection of Securities for redemption and ending at the close of
business on the earliest date on which the relevant notice of
redemption is deemed to have been given to all Holders of the
Securities to be redeemed, or (ii) to register the transfer or
exchange of any Security so selected for redemption
in whole or in part, except the unredeemed portion of any
Security being redeemed in part.

     Section 8.2. Transfer Procedures and Restrictions.

     (a) Prior to the Resale Restriction Termination Date,
Certificates evidencing Capital Securities shall bear the
Restricted Securities Legend. The Restricted Securities Legend
on any Certificate evidencing outstanding Capital Securities
shall not be removed unless there is delivered to the Trust such
satisfactory evidence, which may include an opinion of counsel,
as may be reasonably required by the Trust, that neither the
Restricted Securities Legend nor the restrictions on transfer set
forth therein are required to ensure that transfers thereof
comply with other provisions of the Securities Act or that such
Securities are no "restricted" within the meaning of Rule 144
under the Securities Act. Upon provision of such satisfactory
evidence, the Institutional Trustee, at the written direction of
the Trust, shall authenticate and deliver

<PAGE>

Capital Securities Certificates that do not bear the Restricted
Securities Legend in exchange for the Capital Securities
Certificates bearing the Restricted Securities Legend.

     (b) Prior to the Resale Restriction Termination Date,
without the written consent of the Sponsor, Capital Securities
may only be transferred: .(i) to a QIB if the instrument of
transfer is accompanied by a certificate of the transferor
substantially in the form set forth as Exhibit C hereto; (ii) to
an "accredited investor" within the meaning of Rule 501(a)
(1), (2), (3), (7) or (8) under the Securities Act if the
instrument of transfer is accompanied by a certificate of the
transferee substantially in the form set forth as Exhibit B
hereto; or (iii) to a non-"U.S. Person" in an "offshore
transaction" under, and within the meaning of, Regulation S
under the Securities Act if the instrument of transfer is
accompanied by a certificate of the transferee substantially in
the form set forth as Exhibit D hereto. Each certificate
furnished pursuant to this Section 8.2(b) may be an original or a
copy (which may be furnished by facsimile or other form of
electronic transmission).

     (c) The Capital Securities may not be transferred prior to
the Resale Restriction Termination Date except in compliance with
restrictions on transfer set forth in the legend set forth below
(the "Restricted Securities Legend"), and except as otherwise
contemplated in Section 8.2(a), prior to the Resale Restriction
Termination Date, each Certificate evidencing outstanding Capital
Securities shall bear the Restricted Securities Legend:

     THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE
SECURITIES LAWS OR ANY OTHER APPLICABLE SECURITIES LAWS. NEITHER
THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE
REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR
OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR
UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THE HOLDER OF
THIS SECURITY OR ANY INTEREST OR PARTICIPATION HEREIN, BY ITS
ACCEPTANCE HEREOF OR THEREOF, AS THE CASE MAY BE, AGREES TO
OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY OR ANY INTEREST
OR PARTICIPATION HEREIN PRIOR TO THE DATE WHICH IS THE LATER OF
(i) TWO YEARS (OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY
RULE 144(k) UNDER THE SECUqLITIES ACT) AFTER THE LATER OF
(Y) THE DATE OF ORIGINAL ISSUANCE HEREOF AND (Z) THE LAST DATE ON
WHICH THE TRUST OR ANY AFFILIATE (AS DEFINED IN RULE 405 UNDER
THE SECURITIES ACT) OF THE TRUST WAS THE HOLDER OF THIS SECURITY
OR SUCH INTEREST OR PARTICIPATION (OR ANY PREDECESSOR THERETO)
AND (ii) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY ANY
SUBSEQUENT CHANGE IN APPLICABLE LAW, ONLY (A) TO THE DEBENTURE
ISSUER OR THE TRUST, (B) PURSUANT TO RULE 144A UNDER THE
SECURITIES ACT ("RULE 144A"), TO A PERSON TITLE HOLDER REASONABLY
BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER," AS DEFINED IN RULE
144A, THAT PURCHASES FOR ITS OWN ACCOUNT
OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM
NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON
RULE 144A, (C) PURSUANT TO AN EXEMPTION FROM THE REGISTRATION

<PAGE>

REQUIREMENTS OF THE SECURITIES ACT TO AN "ACCREDITED INVESTOR"
WITHIN THE MEANING OF SUBPARAGRAPH(a) (1), (2), (3), (7)OR(8) OF
RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THIS SECURITY
OR SUCH INTEREST OF PARTICIPATION FOR ITS OWN ACCOUNT, OR FOR THE
ACCOUNT OF SUCH AN ACCREDITED INVESTOR, FOR INVESTMENT PURPOSES
AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH,
ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, (D) PURSUANT
TO OFFERS AND SALES TO NON-US PERSONS THAT OCCUR OUTSIDE THE
UNITED STATES PURSUANT TO
REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANOTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECLrRITIES ACT, SUBJECT TO THE RIGHT OF THE DEBENTURE ISSUER AND
THE TRUST PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO
CLAUSE (C) OR (E) ABOVE TO REQUIRE THE DELl'vERY OF AN OPINION OF
COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO
EACH OF THEM IN ACCORDANCE WITH THE AMENDED AND RESTATED
DECLARATION OF TRUST, A COPY OF WHICH MAY BE OBTAINED FROM THE
DEBENTURE ISSUER OR THE TRUST. THE HOLDER OF THIS SECURITY OR ANY
INTEREST OR PARTICIPATION HEREIN, BY ITS ACCEPTANCE HEREOF OR
THEREOF, AS THE CASE MAY BE, AGREES THAT IT WILL COMPLY WITH THE
FOREGOING RESTRICTIONS.

     THE HOLDER OF THIS SECURITY OR ANY INTEREST OR PARTICIPATION
HEREIN, BY ITS ACCEPTANCE HEREOF OR THEREOF, AS THE CASE MAY BE,
ALSO AGREES, REPRESENTS AND WARRANTS THAT IT IS NOT AN EMPLOYEE
BENEFIT, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER PLAN OR
ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF
THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE") (EACH
A "PLAN"), OR AIN ENTITY WHOSE UNDERLYING ASSETS INCLUDE "PLAN
ASSETS" BY REASON OF ANY PLAN'S INVESTMENT IN THE ENTITY AND NO
PERSON INVESTING "PLAN ASSETS" OF ANY PLAN MAY ACQUIRE OR HOLD
THIS SECURITY OR ANY INTEREST OR PARTICIPATION HEREIN, UNLESS
SUCH PURCHASER OR HOLDER IS ELIGIBLE FOR THE EXEMPTIVE RELIEF
AVAILABLE UNDER U.S. DEPARTMENT OF LABOR PROHIBITED TRANSACTION
CLASS EXEMPTION 96-23, 95-60, 91-38, 90-1 OR 84-14 OR ANOTHER
APPLICABLE
EXEMPTION OR ITS PURCHASE AND HOLDING OF THIS SECURITY OR SUCH
INTEREST OR PARTICIPATION IS NOT PROHIBITED BY SECTION 406 OF
ERISA OR SECTION 4975 OF THE CODE WITH RESPECT TO SUCH PURCHASE
OR HOLDING. ANY PURCHASER OR HOLDER OF THIS SECURITY OR ANY
INTEREST OR PARTICIPATION HEREIN WILL BE DEEMED TO HAVE
REPRESENTED BY ITS PURCHASE AND HOLDING HEREOF OR THEREOF, AS THE
CASE MAY BE, THAT EITHER (i) IT IS NOT AN EMPLOYEE BENEFIT PLAN
WITHIN THE MEANING OF SECTION 3(3) OF ERISA, OR A PLAN TO WHICH
SECTION 4975 OF THE CODE IS APPLICABLE, A TRUSTEE OR OTHER PERSON
ACTING ON BEHALF OF AN EMPLOYEE BENEFIT PLAIN OR PLAIN, OR ANY
OTHER PERSON-OR ENTITY USING THE ASSETS OF ANY EMPLOYEE BENEFIT
PLAN OR PLAN TO FINANCE SUCH PURCHASE, OR (ii) SUCH PURCHASE AND
HOLDING WILL NOT RESULT IN A

<PAGE>

PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975
OF THE CODE FOR WHICH THERE IS NO APPLICABLE STATUTORY OR
ADMINISTRATIVE EXEMPTION

     IN CONNECTION WITH ANY TRANSFER, THE HOLDER OF THIS SECURITY
WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH
CERTIFICATES AND OTHER INFORMATION AS MAY BE REQUIRED BY THE
AMENDED AND RESTATED DECLARATION OF TRUST TO CONFIRM THAT THE
TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

     THIS SECURITY WILL BE ISSUED AND MAY BE TRANSFERRED ONLY IN
BLOCKS HAVING A LIQUIDATION AMOUNT OF NOT LESS THAN $100,000 AND
MULTIPLES OF $1,000 1N EXCESS THEREOF. ANY ATTEMPTED TRANSFER OF
THIS SECURITY IN A BLOCK HAVING A LIQUIDATION AMOUNT OF LESS THAN
$100,000 SHALL BE DEEMED TO BE VOID AND OF NO LEGAL EFFECT
WHATSOEVER. ANY SUCH PURPORTED TRANSFEREE SHALL BE DEEMED NOT TO
BE THE HOLDER OF THIS SECURITY OR ANY INTEREST OR PARTICIPATION
HEREIN FOR ANY PURPOSE, INCLUDING, BUT NOT LIMITED TO, THE
RECEIPT OF DISTRIBUTIONS ON THIS SECURITY OR SUCH INTEREST OR
PARTICIPATION, AND SUCH PURPORTED TRANSFEREE SHALL BE DEEMED TO
HAVE NO INTEREST WHATSOEVER IN THIS SECURITY OR ANY INTEREST OR
PARTICIPATION HEREIN.

     (d) Capital Securities may only be transferred in minimum
blocks of $100,000 aggregate liquidation amount (100 Capital
Securities) and multiples of $1,000 in excess thereof
Any attempted transfer of Capital Securities in a block having an
aggregate liquidation amount & less than $100,000 shall be deemed
to be void and of no legal effect whatsoever. Any such
purported transferee shall be deemed not to be a Holder of such
CapitalSecurities for any purpose, including, but not limited to,
the receipt of Distributions on such Capital Securities,
and such purported transferee shall be deemed to have no interest
whatsoever in such Capital Securities.

     Section 8.3. Deemed Security Holders. The Trust, the
Administrators, the Trustees, the Paying Agent, the Transfer
Agent or the Registrar may treat the Person in whose
name any Security shall be registered on the Securities Register
of the Trust as the sole Holder and owner of such Security for
purposes of receiving Distributions and for all other purposes
whatsoever and, accordingly, shall not be bound to recognize any
equitable or other claim to or interest in such Security on the
part of any other Person, whether or not the Trust, the
Administrators, the Trustees, the Paying Agent, the Transfer
Agent or the Registrar shall have actual or other notice thereof

     Section 8.4. Transfer of Initial Securities. Notwithstanding
the foregoing provisions of this Article VIII or any other
provision of this Declaration (including all Annexes and Exhibits
hereto) to the contrary, any or all of the Capital Securities
initially issued to the Purchaser (the "Initial Securities") may
be transferred by the Purchaser to any transferee selected by it
that meets the parameters specified below and, upon delivery to
the Registrar, of originals or copies (which may be by facsimile
or other form of electronic transmission) of a written instrument
of transfer in form reasonably satisfactory to the Registrar duly
executed by

<PAGE>

the Purchaser or the Purchaser's attorney duly authorized in
writing (it being understood that no signature guarantee shall be
required), then the Registrar shall, and is authorized to, record
and register on the Securities Register the transfer of such
Initial Securities to such transferee; thereupon, the Registrar
is authorized to confirm in writing to the transferee and, if
requested, to the transferor of such Initial Securities that such
transfer has been registered in the Securities Register and that
such transferee is the Holder of such Initial Securities;
provided, however, that the Purchaser of the Initial Securities,
by its acceptance thereof, agrees that it may not transfer any
Initial Securities prior to the Resale Restriction Termination
Date to any transferee that is not a QIB, an "accredited
investor" within the meaning of Rule 501(a)(1), (2), (3), (7) or
(8) under the Securities Act or a non-"U. S.Person" in an
"offshore transaction" under, and within the meaning of,
Regulation S under the Securities Act. The Certificate evidencing
the Initial Securities to be transferred, duly endorsed by the
Purchaser, shall be surrendered to the
Registrar at the time the transfer conditions specified in the
immediately preceding sentence are satisfied or within five (5)
Business Days after the Registrar has registered the transfer of
such Initial Securities in the Securities Register, and promptly
after such surrender, an Administrator on behalf of the Trust
shall execute and, in the case of a Capital Security Certificate,
the Institutional Trustee shall, and is authorized to,
authenticate a Certificate in the name of the transferee as the
new Holder of the Initial Securities evidenced thereby. Until the
Certificate evidencing the Initial Securities so transferred is
surrendered to the Registrar, such Initial
Securities may not be transferred by such new Holder. No other
conditions, restrictions or other provisions of this Declaration
or any other document shall apply to a transfer of Initial
Securities by the Purchaser.

                           ARTICLE IX

                   LIMITATION OF LIABILITY OF
             HOLDERS OF SECURITIES, TRUSTEES OR OTHERS

     Section 9.1. Liability. (a) Except as expressly set forth in
this Declaration, the Guarantee and the terms of the Securities,
the Sponsor shall not be:

         (i) personally liable for the return of any portion of
     the capital contributions (or any return thereon) of the
     Holders of the Securities which shall be made solely from
     assets of the Trust; and

         (ii) required to pay to the Trust or to any Holder of
     the Securities any deficit upon dissolution of the Trust or
     otherwise.

     (b) The Holder of the Common Securities shall be liable for
all of the debts and obligations of the Trust (other than with
respect to the Securities) to the extent not satisfied out of the
Trust's assets.

     (c) Pursuant to Section 3803(a) of the Statutory Trust Act,
the Holders of the Securities 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, except as otherwise
specifically set forth herein.

<PAGE>

     Section 9.2. Exculpation. (a) No Indemnified Person shall be
liable, responsible or accountable in damages or otherwise to the
Trust or any Covered Person for any loss, damage or claim
incurred by reason of any act or omission performed or omitted by
such Indemnified Person in good faith on behalf of the Trust and
in a manner such Indemnified Person reasonably believed to be
within the scope of the authority conferred on such Indemnified
Person by this Declaration or by law, except that an Indemnified
Person (other than an Administrator) shall be liable for any such
loss, damage or claim incurred by reason of such
Indemnified Person's negligence, willful misconduct or bad faith
with respect to such acts or omissions and except that an
Administrator shall be liable for any such loss, damage or claim
incurred by reason of such Administrator's gross negligence,
willful misconduct or bad faith with respect to such acts or
omissions.

     (b) An Indemnified Person shall be fully protected in
relying in good faith upon the records of the Trust and upon such
information, opinions, reports or statements presented to the
Trust by any Person as to matters the Indemnified Person
reasonably believes are within such other Person' s professional
or expert competence and, if selected by such Indemnified Person,
has been selected by such Indemnified Person with reasonable care
by or on behalf of the Trust, including information, opinions,
reports or statements as to the value and
amount of the assets, liabilities, profits, losses or any other
facts pertinent to the existence and amount of assets from which
Distributions to Holders of Securities might properly be paid.

     Section 9.3. Fiduciary Duty. (a) To the extent that, at law
or in equity, an Indemnified Person has duties (including
fiduciary duties) and liabilities relating thereto to the
Trust or to any other Covered Person, an Indemnified Person
acting under this Declaration shall not be liable to the Trust or
to any other Covered Person for its good faith reliance on the
provisions of this Declaration. The provisions of this
Declaration, to the extent that they restrict the duties and
liabilities of an Indemnified Person otherwise existing at law or
in equity (other than the duties imposed on the Institutional
Trustee under the Trust Indenture Act), are agreed by the parties
hereto to replace such other duties and liabilities of the
Indemnified Person.

     (b) Whenever in this Declaration an Indemnified Person is
permitted or required to make a decision:

         (i) in its "discretion" or under a grant of similar
     authority, the Indemnified Person shall be entitled to
     consider such interests and factors as it desires,
     including its own interests, and shall have no duty or
     obligation to give any consideration to any interest of or
     factors affecting the Trust or any other Person; or

         (ii) in its "good faith" or under another express
     standard, the Indemnified Person shall act under such
     express standard and shall not be subject to any other or
     different standard imposed by this Declaration or by
     applicable law.

    Section 9.4. Indemnification. (a)

<PAGE>

         (i) The Sponsor shall indemnify, to the fullest extent
     permitted by law, any Indemnified Person who was or is a
     party or is threatened to be made a party to any
     threatened, pending or completed action, suit or
     proceeding, whether civil, criminal, administrative or
     investigative (other than an action by or in the right of
     the Trust) by reason of the fact that such Person is or was
     an indemnified Person against expenses (including
     attorneys' fees and expenses), judgments, fines and amounts
     paid in settlement actually and reasonably incurred by such
     Person in connection with such action, suit or proceeding
     if such Person acted in good faith and in a manner such
     Person reasonably believed to be in or not opposed to the
     best interests of the Trust, and, with respect to any
     criminal action or proceeding, had no reasonable cause to
     believe such conduct was unlawful. The termination of any
     action, suit or proceeding by judgment, order, settlement,
     conviction, or upon a plea of nolo contendere or its
     equivalent, shall not, of itself, create a presumption that
     the Indemnified Person did not act in good faith and in a
     manner which such Person reasonably believed to be in or
     not opposed to the best interests of the Trust, and, with
     respect to any criminal action or proceeding, had
     reasonable cause to believe that such conduct was unlawful.

         (ii) The Sponsor shall indemnify, to the fullest extent
     permitted by law, any Indemnified Person who was or is a
     party or is threatened to be made a party to any
     threatened, pending or completed action or suit by or in
     the right of the Trust to procure a judgment in its favor
     by reason of the fact that such Person is or was an
     Indemnified Person against expenses (including attorneys'
     fees and expenses) actually and reasonably incurred by such
     Person in connection with the defense or settlement of such
     action or suit if such Person acted in good faith and in a
     manner such Person reasonably believed to be in or not
     opposed to the best interests of the Trust and except that
     no such indemnification shall be made in respect of any
     claim, issue or matter as to which such Indemnified Person
     shall have been adjudged to be liable to the Trust unless
     and only to the extent that the Court of Chancery of
     Delaware or the court in which such action or suit was
     brought shall determine upon application that, despite the
     adjudication of liability but in view of all the
     circumstances of the case, such Person is fairly and
     reasonably entitled to indemnity for such expenses which
     such Court of Chancery or such other court shall deem
     proper.

         (iii) To the extent that an Indemnified Person shall be
     successful on the merits or otherwise (including dismissal
     of an action without prejudice or the settlement of an
     action without admission of liability) in defense of any
     action, suit or proceeding referred to in paragraphs (i)
     and (ii) of this Section 9.4(a), or in defense of any
     claim, issue or matter therein, such Person shall be
     indemnified, to the fullest extent permitted by law,
     against expenses (including attorneys' fees and expenses)
     actually and reasonably incurred by such Person in
     connection therewith.

         (iv) Any indemnification of an Administrator under
     paragraphs (i) and (ii) of this Section 9.4(a) (unless
     ordered by a court) shall be made by the Sponsor only as
     authorized in the specific case upon a determination that
     indemnification

<PAGE>

     of the Indemnified Person is proper in the circumstances
     because such Person has met the applicable standard of
     conduct set forth in paragraphs (i) and (ii). Such
     determination shall be made (A) by the Administrators by a
     majority vote of a Quorum consisting of such
     Administrators who were not parties to such action, suit
     or proceeding, (B) if such a Quorum is not obtainable, or,
     even if obtainable, if a Quorum of disinterested
     Administrators so directs, by independent legal counsel in
     a written opinion, or (C) by the Common Security Holder of
     the Trust.

         (v) To the fullest extent permitted by law, expenses
     (including attorneys' fees and expenses) incurred by an
     Indemnified Person in defending a civil, criminal,
     administrative or investigative action, suit or proceeding
     referred to in paragraphs (i) and (ii) of this Section
     9.4(a) shall bepaid by the Sponsor in advance of the final
     disposition of such action, suit or proceeding upon
     receipt of an undertaking by or on behalf of such
     Indemnified Person to repay such amount if it shall
     ultimately be determined that such Person is not entitled
     to be indemnified by the Sponsor as authorized in this
     Section 9.4(a). Notwithstanding the foregoing, no advance
     shall be made by the Sponsor if a determination is
     reasonably and promptly made (1) in the case of a Company
     Indemnified Person (A) by the Administrators by a majority
     vote of a Quorum of disinterested Administrators, (B) if
     such a Quorum is not obtainable, or, even if obtainable,
     if a Quorum of disinterested Administrators so directs, by
     independent legal counsel in a written opinion or (C) by
     the Common Security Holder of the Trust, that, based upon
     the facts known to the Administrators, counsel or the
     Common Security Holder at the time such determination is
     made, such Indemnified Person acted in bad faith or in a
     manner that such Person either believed to be opposed to
     or did not believe to be in the best interests of the
     Trust, or, with respect to any criminal proceeding, that
     such Indemnified Person believed or had reasonable cause
     to believe such conduct was unlawful, or (2) in the case
     of a Fiduciary Indemnified Person, by independent legal
     counsel in a written opinion that, based upon the facts
     known to the counsel at the time such determination is
     made, such Indemnified Person acted in bad faith or in a
     manner that such Indemnified Person either believed to be
     opposed to or did not believe to be in the best interests
     of the Trust, or, with respect to any criminal proceeding,
     that such Indemnified Person believed or had reasonable
     cause to believe such conduct was unlawful. In no event
     shall any advance be made (i) to a Company Indemnified
     Person in instances where the Administrators, independent
     legal counsel or the Common Security Holder reasonably
     determine that such Person deliberately breached such
     Person's duty to the Trust or its Common or Capital
     Security Holders or (ii) to a Fiduciary Indemnified Person
     in instances where independent legal counsel promptly and
     reasonably determines in a written opinion that such
     Person deliberately breached such Person's duty to the
     Trust or its Common or Capital Security Holders.

     (b) The Sponsor shall indemnify, to the fullest extent
permitted by applicable law, each Indemnified Person from and
against any and all loss, damage, liability, tax (other
than taxes based on the income of such Indemnified Person),
penalty, expense or claim of any kind or nature whatsoever
incurred by such Indemnified Person arising out of or in
connection

<PAGE>

with or by reason of the creation, administration or termination
0fthe Trust, or any act or omission of such Indemnified Person in
good faith on behalf of the Trust and in a manner such
Indemnified Person reasonably believed to be within the scope of
authority conferred on such Indemnified Person by this
Declaration, except that no Indemnified Person shall be entitled
to be indemnified in respect of any loss, damage, liability, tax,
penalty, expense or claim incurred by such Indemnified Person by
reason of negligence, willful misconduct or bad faith with
respect to such acts or omissions.

     (c) The indemnification and advancement of expenses provided
by, or granted pursuant to, the other paragraphs of this Section
shall not be deemed exclusive of any other rights to which those
seeking indemnification and advancement of expenses may be
entitled under any agreement, vote of stockholders or
disinterested directors of the Sponsor or Capital Security
Holders of the Trust or otherwise, both as to action in such
Person's official capacity and as to action in another capacity
while holding such office. All rights to indemnification under
this Section shall be deemed _tobe provided by a contract between
the Sponsor and each Indemnified Person who serves in such
capacity at any time while this Section is in effect. Any repeal
or modification of this Section shall not affect any rights or
obligations then existing.

     (d) The Sponsor or the Trust may purchase and maintain
insurance on behalf of any Person who is or was an Indemnified
Person against any liability asserted against such Person and
incurred by such Person in any such capacity, or arising Out of
such Person's status as such, whether or not the Sponsor would
have the power to indemnify such Person against such liability
under the provisions of this Section.

     (e) For purposes of this Section, references to "the Trust"
shall include, in addition to the resulting or surviving entity,
any constituent entity (including any constituent of
a constituent) absorbed in a consolidation or merger, so that any
Person who is or was a director, trustee, officer or employee of
such constituent entity, or is or was serving at the request of
such constituent entity as a director, trustee, officer, employee
or agent of another entity, shall stand in the same position
under the provisions of this Section with respect to the
resulting or surviving entity as such Person would have with
respect to such constituent entity if its separate existence had
continued.

     (f) The indemnification and advancement of expenses provided
by, or granted pursuant to, this Section shall, unless otherwise
provided when authorized or ratified, continue
as to a Person who has ceased to be an Indemnified Person and
shall inure to the benefit of the heirs, executors and
administrators of such a Person.

      (g) The provisions of this Section shall survive the
termination of this Declaration or the earlier resignation or
removal of the Institutional Trustee. The obligations of
the Sponsor under this Section to compensate and indemnify the
Trustees and to pay or reimburse the Trustees for expenses,
disbursements and advances shall constitute additional
indebtedness hereunder. Such additional indebtedness shall be
secured by a lien prior to that of the Securities upon all
property and funds held or collected by the Trustees as such,
except funds held in trust for the benefit of the Holders of
particular Capital Securities, provided, that the Sponsor is the
Holder of the Common Securities.

<PAGE>

      Section 9.5. Outside Businesses. Any Covered Person, the
Sponsor, the Delaware Trustee and the Institutional Trustee
(subject to Section 4.3(c)) may engage in or possess an interest
in other business ventures of any nature or description,
independently or with others, similar or dissimilar to the
business of the Trust, and the Trust and the Holders of
Securities shall have no rights by virtue of this Declaration in
and to such independent ventures or the income or profits derived
therefrom, and the pursuit of any such venture, even if
competitive with the business of the Trust, shall not be deemed
wrongful or improper. None of any Covered Person, the Sponsor,
the Delaware Trustee or the Institutional Trustee shall be
obligated to present any particular investment or other
opportunity to the Trust even if such opportunity is of a
character that, if presented to the Trust, could be taken by the
Trust, and any Covered Person, the Sponsor, the Delaware Trustee
and the Institutional Trustee shall have the right to take for
its own account (individually or as a partner or fiduciary) or to
recommend to others any such particular investment or other
opportunity. Any Covered Person, the Delaware Trustee and the
Institutional Trustee may engage or be interested in any
financial or other transaction with the Sponsor or any Affiliate
of the Sponsor, or may act as depositary for, trustee or agent
for, or act on any committee or body of holders of, securities or
other obligations of the Sponsor or its Affiliates.

      Section 9.6. Compensation; Fee. (a) The Sponsor agrees:

         (i) to pay to the Trustees from time to time such
      compensation for all services rendered by them hereunder
      as the parties shall agree in writing from time to time
      (which compensation shall not be limited by any provision
      of law in regard to the compensation of a trustee of an
      express trust); and

         (ii) except as otherwise expressly provided herein, to
      reimburse each of the Trustees upon request for all
      reasonable, documented expenses, disbursements and
      advances incurred or made by such Person in accordance
      with any provision of this Declaration (including the
      reasonable compensation and the expenses and disbursements
      of such Person' s agents and counsel), except any such
      expense, disbursement or advance attributable to such
      Person's negligence, willful misconduct or bad faith.

      (b) The provisions of this Section shall survive the
dissolution of the Trust and the termination of this Declaration
and the removal or resignation of any Trustee.

                           ARTICLE X

                           ACCOUNTING

      Section 10.1. Fiscal Year. The fiscal year (the "Fiscal
Year") of the Trust shall be the calendar year, or such other
year as is required by the Code.

      Section 10.2. Certain Accounting Matters.

      (a) At all times during the existence &the Trust, the
Administrators shall keep, or cause to be kept, at the principal
office of the Trust in the United States, as defined for
purposes of Treasury Regulations Section 301.7701-7, full books of
account, records and supporting

<PAGE>

documents, which shall reflect in reasonable detail each
transaction of the Trust. The books of account shall be
maintained on the accrual method of accounting, in accordance
with generally accepted accounting principles, consistently
applied.

      (b) The Sponsor shall cause the Administrators to deliver,
by hardcopy or electronic transmission, to (i) each Holder of
Securities each Report on Form 10-K and Form 10-Q, if any,
prepared by the Sponsor and filed with the Commission in
accordance with the Exchange Act, within 10 Business Days after
the filing thereof or (ii) if the Sponsor is (a) not then subject
to Section 13 or 15(d) of the Exchange Act (a "Private Entity")
or (b) exempt from reporting pursuant to Rule 12g3-2(b)
thereunder, the information required by Rule 144A(d)(4)
under the Securities Act. Notwithstanding the foregoing, so long
as a Holder of the Capital Securities is the Purchaser or an
entity that holds a pool of trust preferred securities and/or
debt securities as collateral for its securities or a trustee
thereof, and the Sponsor is (i) a Private Entity that, on the
date of original issuance of the Capital Securities, is required
to provide audited consolidated financial statements to its
primary regulatory authority, (ii) a Private Entity that, on the
date of original issuance of the Capital Securities, is not
required to provide audited consolidated financial statements to
its primary regulatory authority, on the date of original
issuance of the Capital Securities but subsequently becomes
subject to the audited consolidated financial statement reporting
requirements of that regulatory authority or (iii) subject to
Section 13 or 15(d) of the Exchange Act on the date of original
issuance of the Capital Securities or becomes so subject after
the date hereof but subsequently becomes a Private Entity, then,
within 90 days after the end of each fiscal year, beginning with
the fiscal year in which the Capital Securities were originally
issued if the Sponsor was then subject to (x) Section 13 or
15(d)of the Exchange Act or (y) audited consolidated financial
statement reporting requirements of its
primary regulatory authority or, otherwise, the earliest fiscal
year in which the Sponsor becomes subject to (1) Section 13 or
15(d) of the Exchange Act or (2) the audited consolidated
financial statement reporting requirements of its primary
regulatory authority, the Sponsor shall deliver, by hardcopy or
electronic transmission, to each Holder of Securities, unless
otherwise provided pursuant to the preceding sentence, (A) a copy
of the Sponsor's audited consolidated financial statements
(including balance sheet and income statement) covering the
related annual period and (B) the report of the independent
accountants with respect to such financial statements. In
addition to the foregoing, the Sponsor shall deliver to each
Holder of Securities within 90 days after the end of each Fiscal
Year of the Trust, annual financial statements of the Trust,
including a balance sheet of the Trust as of the end of such
Fiscal Year and the statements of income or loss for the Fiscal
Year then ended, that are prepared at the principal office of the
Trust in the United States, as defined for purposes of Treasury
Regulations Section 301.7701-7.

      (c) The Administrators shall cause to be duly prepared and
delivered to each of the Holders of Securities Form 1099 or such
other annual United States federal income tax information
statement required by the Code, containing such information with
regard to the Securities held by each Holder as is required by
the Code and the Treasury Regulations. Notwithstanding any right
under the Code to deliver any such statement at a later date, the
Administrators shall endeavor to deliver all such statements
within 30 days after the end of each Fiscal Year of the Trust.

      (d) The Administrators shall cause to be duly prepared in
the United States, as defined for purposes of Treasury
Regulations Section 301.7701-7, and filed an annual United States

<PAGE>

federal income tax return on a Form 1041 or such other form
required by United States federal income tax law, and any other
annual income tax returns required to be filed by the
Administrators on behalf of the Trust with any state or local
taxing authority.

      (e) So long as a Holder of the Capital Securities is NBC
Capital Markets Group, Inc. or an entity that holds a pool of
trust preferred securities and/or debt securities or a trustee
thereof, the Sponsor shall cause the Administrators to deliver
the Sponsor's reports on Form FR Y-9C, FR Y-9LP and FR Y-6 to
such Holder promptly following their filing with the Federal
Reserve.

      Section 10.3. Banking. The Trust shall maintain one or more
bank accounts in the United States, as defined for purposes of
Treasury Regulations Section 301.7701-7, in the name and for the
sole benefit of the Trust; provided, however, that all payments
of funds in respect of the Debentures held by the Institutional
Trustee shall be made directly to the Property Account and no
other funds of the Trust shall be deposited in the Property
Account. The sole signatories for such accounts (including the
Property Account) shall be designated by the Institutional
Trustee.

      Section 10.4. Withholding. The Institutional Trustee or any
Paying Agent and the Administrators shall comply with all
withholding requirements under United States federal, state and
local law. The Institutional Trustee or any Paying Agent shall
request, and each Holder shall provide to the Institutional
Trustee or any Paying Agent, such forms or certificates
as are necessary to establish an exemption from withholding with
respect to the Holder, and any representations and forms as shall
reasonably be requested by the Institutional Trustee or any
Paying Agent to assist it in determining the extent of, and in
fulfilling, its withholding obligations. The Administrators shall
file required forms with applicable jurisdictions and,
unless an exemption from withholding is properly established by a
Holder, shall remit amounts withheld with respect to the Holder
to applicable jurisdictions. To the extent that the
Institutional Trustee or any Paying Agent is required to withhold
and pay over any amounts to any authority with respect to
distributions or allocations to any Holder, the amount withheld
shall be deemed to be a Distribution to the Holder in the amount
of the withholding. In the event of any claimed overwithholding,
Holders shall be limited to an action against the applicable
jurisdiction. If the amount required to be withheld was not
withheld from actual Distributions made, the Institutional
Trustee or any Paying Agent may reduce subsequent
Distributions by the amount of such withholding.

                         ARTICLE XI

                  AMENDMENTS AND MEETINGS

      Section 11.1. Amendments. (a) Except as otherwise provided
in this Declaration or by any applicable terms of the Securities,
this Declaration may only be amended by a written
instrument approved and executed by

         (i) the Institutional Trustee,

<PAGE>

         (ii) if the amendment affects the rights, powers,
      duties, obligations or immunities of the Delaware Trustee,
      the Delaware Trustee,

         (iii) if the amendment affects the rights, powers,
      duties, obligations or immunities of the Administrators,
      the Administrators, and

         (iv) the Holders of a Majority in liquidation amount of
      the Common Securities.

      (b) Notwithstanding any other provision of this Article XI,
no amendment shall be made, and any such purported amendment
shall be void and ineffective:

         (i) unless the Institutional Trustee shall have first
      received

             (A) an Officers' Certificate from each of the Trust
         and the Sponsor that such amendment is permitted by,
         and conforms to, the terms of this Declaration
         (including the terms of the Securities); and

             (B) an opinion of counsel (who may be counsel to
         the Sponsor or the Trust) that such amendment is
         permitted by, and conforms to, the terms of this
         Declaration (including the terms of the Securities) and
         that all conditions precedent to the execution and
         delivery of such amendment have been satisfied; or

         (ii) if the result of such amendment would be to

             (A) cause the Trust to cease to be classified for
         purposes of United States federal income taxation as a
         grantor trust;

             (B) reduce or otherwise adversely affect the powers
         of the Institutional Trustee in contravention of the
         Trust Indenture Act;

             (C) cause the Trust to be deemed to be an
         Investment Company required robe registered under the
         Investment Company Act; or

             (D) cause the Debenture Issuer to be unable to
         treat an amount equal to the liquidation amount of the
         Capital Securities as "Tier 1 Capital" (or its
         equivalent) for purposes of the capital adequacy
         guidelines of the Federal Reserve (or any successor
         regulatory authority with jurisdiction over bank
         holding companies).

         (c) Except as provided in Section 11.l(d), (e) or (g),
no amendment shall be made, and any such purported amendment
shall be void and ineffective, unless the Holders of a Majority
in liquidation amount of the Capital Securities shall have
consented to such amendment.

         (d) In addition to and notwithstanding any other
provision in this Declaration, without the consent of each
affected Holder, this Declaration may not be amended to (i)
change

<PAGE>

the amount or timing of any Distribution on the Securities or any
redemption or liquidation provisions applicable to the Securities
or otherwise adversely affect the amount of any Distribution
required to be made in respect of the Securities as of a
specified date or (ii) restrict the right of a Holder to
institute suit for the enforcement of any Distributions or other
amounts on or after their due, date.

         (e) Sections 9.1(b) and 9.1(c) and this Section shall
not be amended without the consent of all of the Holders of the
Securities.

         (f) The rights of the Holders of the Capital Securities
and Common Securities, as applicable, under Article IV to
increase or decrease the number of, and appoint and remove,
Trustees shall not be amended without the consent of the Holders
of a Majority in liquidation amount of the Capital Securities or
Common Securities, as applicable.

         (g) This Declaration may be amended by the Institutional
Trustee and the Holder of the Common Securities without the
consent of the Holders of the Capital Securities
to:
             (i) cure any ambiguity;

             (ii) correct or supplement any provision in this
        Declaration that may be defective or inconsistent with
         any other provision of this Declaration;

             (iii) add to the covenants, restrictions or
         obligations of the Sponsor; or

             (iv) modify, eliminate or add to any provision of
         this Declaration to such extent as may be necessary or
         desirable, including, without limitation, to ensure
         that the Trust will be classified for United States
         federal income tax purposes at all times as a grantor
         trust and will not be required to register as an
         Investment Company under the Investment Company Act
         (including without limitation to conform to any change
         in Rule 3a-5, Rule 3a-7 or any other applicable rule
         under the Investment Company Act or written change in
         interpretation or application thereof by any
         legislative body, court, government agency or
         regulatory authority);

provided, however, that no such amendment contemplated in clause
(i), (ii), (iii) or (iv) shall adversely affect the powers,
preferences, rights or interests of Holders of Capital
Securities.

      Section 11.2. Meetings of the Holders of the Securities;
Action by Written Consent.

        (a) Meetings of the Holders of the Capital Securities or
the Common Securities may be called at any time by the
Administrators (or as provided in the terms of such Securities)
to consider and act on any matter on which Holders of such
Securities are entitled to act under the terms of this
Declaration, the terms of such Securities or the rules of any
stock exchange on which the Capital Securities are listed or
admitted for trading, if any. The Administrators shall call a
meeting of the Holders of such Securities if directed to do so by
the Holders of not less than 10% in liquidation amount of such
Securities. Such direction shall be

<PAGE>

given by delivering to the Administrators one or more notices in
a writing stating that the signing Holders of such Securities
wish to call a meeting and indicating the general or specific
purpose for which the meeting is to be called. Any Holders of
Securities calling a meeting shall specify in writing the
Certificates held by the Holders of the Securities exercising the
right to call a meeting and only those Securities represented by
such Certificates shall be counted for purposes of determining
whether the required percentage set forth in the second sentence
of this paragraph has been met.

        (b) Except to the extent otherwise provided in the terms
of the Securities, the following provisions shall apply to
meetings of Holders of the Securities:

             (i) Notice of any such meeting shall be given to
         all the Holders of the Securities having a right to
         vote thereat at least 7 days and not more than 60 days
         before the date of such meeting. Whenever a vote,
         consent or approval of the Holders of the Securities is
         permitted or required under this Declaration or the
         rules of any stock exchange on which the Capital
         Securities are listed or admitted for trading, if any,
         such vote, consent or approval may be given at a
         meeting of the Holders of the Securities. Any action
         that may be taken at a meeting of the Holders of the
         Securities may be taken without a meeting if a consent
         in writing setting forth the action so taken is signed
         by the Holders of the Securities owning not less than
         the minimum liquidation amount of Securities that would
         be necessary to authorize or take such action at a
         meeting at which all Holders of the Securities having a
         right to vote thereon were present and voting. Prompt
         notice of the taking of action without a meeting shall
         be given to the Holders of the Securities entitled to
         vote who have not consented in writing. The
         Administrators may specify that any written ballot
         submitted to the Holders of the Securities for the
         purpose of taking any action without a meeting shall be
         returned to the Trust within the time specified by the
        Administrators.

             (ii) Each Holder of a Security may authorize any
         Person to act for it by proxy on all matters in which a
         Holder of Securities is entitled to participate,
         including waiving notice of any meeting, or voting or
         participating at a meeting. No proxy shall be valid
         after the expiration of 11 months from the date thereof
         unless otherwise provided in the proxy. Every proxy
         shall be revocable at the pleasure of the Holder of the
         Securities executing it. Except as otherwise provided
         herein, all matters relating to the giving, voting or
         validity of proxies shall be governed by the General
         Corporation Law of the State of Delaware relating to
         proxies, and judicial interpretations thereunder, as if
         the Trust were a Delaware corporation and the Holders
         of the Securities were stockholders of a Delaware
         corporation. Each meeting of the Holders of the
         Securities shall be conducted by the Administrators or
         by such other Person that the Administrators may
         designate.

             (iii) Unless the Statutory Trust Act, this
         Declaration, the terms of the Securities, the Trust
         Indenture Act or the listing rules of any stock
         exchange on which the Capital Securities are then
         listed or admitted for trading, if any, otherwise
         provides, the Administrators, in their sole discretion,
         shall establish all
<PAGE>

         other provisions relating to meetings of Holders of
         Securities, including notice of the time, place or
         purpose of any meeting at which any matter is to be
         voted on by any Holders of the Securities, waiver of
         any such notice, action by consent without a meeting,
         the establishment of a record date, quorum
         requirements, voting in person or by proxy or any other
         matter with respect to the exercise of any such right
         to vote; provided, however, that each meeting shall be
         conducted in the United States (as that term is defined
         in Treasury Regulations Section 301.7701-7).

                         ARTICLE XII

             REPRESENTATIONS OF INSTITUTIONAL TRUSTEE
                    AND DELAWARE TRUSTEE

         Section 12.1. Representations and Warranties of
Institutional Trustee. The Trustee that acts as initial
Institutional Trustee represents and warrants to the Trust and to
the Sponsor at the date of this Declaration, and each Successor
Institutional Trustee represents and warrants to the Trust and
the Sponsor at the time of the Successor Institutional Trustee's
acceptance of its appointment as Institutional Trustee, that:

         (a) the Institutional Trustee is a banking corporation
or national association with trust powers, duly organized,
validly existing and in good standing under the laws of the State
of Delaware or the United States of America, respectively, with
trust power and authority to execute and deliver, and to carry
out and perform its obligations under the terms of, this
Declaration;

         (b) the Institutional Trustee has a combined capital and
surplus of at least fifty million U.S. dollars ($50,000,000);

         (c) the Institutional Trustee is not an Affiliate of the
Sponsor, nor does the Institutional Trustee offer or provide
credit or credit enhancement to the Trust;

         (d) the execution, delivery and performance by the
Institutional Trustee of this Declaration has been duly
authorized by all necessary action on the part of the
Institutional Trustee, and this Declaration has been duly
executed and delivered by the Institutional Trustee, and under
Delaware law (excluding any securities laws) constitutes a legal,
valid and binding obligation of the Institutional Trustee,
enforceable against it in accordance with its terms,
subject to applicable bankruptcy, reorganization, moratorium,
insolvency and other similar laws affecting creditors' rights
generally and to general principles of equity and the discretion
of the court (regardless of whether considered in a proceeding in
equity or at law);

         (e) the execution, delivery and performance of this
Declaration by the Institutional Trustee does not conflict with
or constitute a breach of the charter or by-laws of the
Institutional Trustee; and

         (f) no consent, approval or authorization of, or
registration with or notice to, any-state or federal banking
authority governing the trust powers of the Institutional Trustee
is required for the execution, delivery or performance by the
Institutional Trustee of this Declaration.

<PAGE>

         Section 12.2. Representations and Warranties of Delaware
Trustee. The Trustee that acts as initial Delaware Trustee
represents and warrants to the Trust and to the Sponsor at the
date of this Declaration, and each Successor Delaware Trustee
represents and warrants to the Trust and the Sponsor at the time
of the Successor Delaware Trustee's acceptance of its
appointment as Delaware Trustee that:

         (a) if it is not a natural person, the Delaware Trustee
is duly organized, validly existing and in good standing under
the laws of the State of Delaware;

         (b) if it is not a natural person, the execution,
delivery and performance by the Delaware Trustee of this
Declaration has been duly authorized by all necessary corporate
action on the part of the Delaware Trustee, and this Declaration
has been duly executed and delivered by the Delaware Trustee, and
under Delaware law (excluding any securities laws) constitutes a
legal, valid and binding obligation of the Delaware Trustee,
enforceable against it in accordance with its terms, subject to
applicable bankruptcy, reorganization, moratorium, insolvency and
other similar laws affecting creditors' rights generally and to
general principles of equity and the discretion of the court
(regardless of whether considered in a proceeding in equity or at
law);

         (c) if it is not a natural person, the execution,
delivery and performance of this Declaration by the Delaware
Trustee does not conflict with or constitute a breach of the
charter or by-laws of the Delaware Trustee;

         (d) it has trust power and authority to execute and
deliver, and to carry out and perform its obligations under the
terms of, this Declaration;

         (e) no consent, approval or authorization of, or
registration with or notice to, any state or federal banking
authority governing the trust powers of the Delaware Trustee is
required for the execution, delivery or performance by the
Delaware Trustee of this Declaration;
and

         (f) the Delaware Trustee is a natural person who is a
resident of the State of Delaware or, if not a natural person, it
is an entity which has its principal place of business in
the State of Delaware and, in either case, a Person that
satisfies for the Trust the requirements of Section 3807 of the
Statutory Trust Act.

                        ARTICLE XIII

                        MISCELLANEOUS

         Section 13.1. Notices. All notices provided for in this
Declaration shall be in writing, duly signed by the party giving
such notice, and shall be delivered, telecopied (which telecopy
shall be followed by notice delivered or mailed by first class
mail) or mailed by first class mail, as follows:

         (a) if given to the Trust, in care of the Administrators
at the Trust's mailing address set forth below (or such other
address as the Trust may give notice of to the Holders of the
Securities): Union National Capital Trust II, c/o Union National
Financial Corporation, P.O. Box 567, Mount Joy, PA 17552,
Attention: Clement M. Hoober, Telecopy: 717-492-2212,
Telephone: 717-492-2203;

<PAGE>

         (b) if given to the Delaware Trustee, at the mailing
address set forth below (or such other address as the Delaware
Trustee may give notice of to the Holders of the Securities):
Wilmington Trust Company, Rodney Square North, 1100 North Market
Street, Wilmington, DE 19890-0001, Attention: Corporate Capital
Markets, Telecopy: 302-636-4140, Telephone: 302-651-1000;

         (c) if given to the Institutional Trustee, at the
Institutional Trustee's mailing address set forth below (or such
other address as the Institutional Trustee may give notice of to
the Holders of the Securities): Wilmington Trust Company, Rodney
Square North, 1100 North Market Street, Wilmington, DE
19890-0001, Attention: Corporate Capital Markets, Telecopy:
302-636-4140, Telephone: 302-651-1000;

         (d) if given to the Holder of the Common Securities, at
the mailing address of the Sponsor set forth below (or such other
address as the Holder of the Common Securities may
give notice of to the Trust): Union National Financial
Corporation, P.O. Box 567, Mount Joy, PA 17552, Attention:
Clement M. Hoober, Telecopy: 717-492-2212, Telephone:
717-492-2203; or

         (e) if given to any other Holder, at the address set
forth on the books and records of the Trust.

All such notices shall be deemed to have been given when received
in person, telecopied with receipt confirmed, or mailed by first
class mail, postage prepaid, except that ifa notice or other
document is refused delivery or cannot be delivered because of a
changed address of which no notice was given, such notice or
other document shall be deemed to have been delivered on the date
of such refusal or inability to deliver.

         Section 13.2. Governing Law. This Declaration and the
rights and obligations of the parties hereunder shall be governed
by and interpreted in accordance with the law of the
State of Delaware and all rights, obligations and remedies shall
be governed by such laws without regard to the principles of
conflict of laws of the State of Delaware or any other
jurisdiction that would call for the application of the law of
any jurisdiction other than the State of Delaware.

         Section 13.3. Submission to Jurisdiction.

         (a) Each of the parties hereto agrees that any suit,
action or proceeding arising out of or based upon this
Declaration, or the transactions contemplated hereby, may be
instituted in any of the courts of the State of New York and the
United States District Courts, in each case located in the
Borough of Manhattan, City and State of New York, and further
agrees to submit to the jurisdiction of any competent court in
the place of its corporate domicile in respect of actions brought
against it as a defendant. In addition, each such party
irrevocably waives, to the fullest extent permitted by law, any
objection which it may now or hereafter have to the laying of the
venue of such suit, action or proceeding brought in any such
court and irrevocably waives any claim that any such suit, action
or proceeding brought in any such court has been brought in an
inconvenient forum and irrevocably waives any right to which it
may be entitled on account of its place of corporate domicile.
Each such party hereby irrevocably

<PAGE>

waives any and all right to trial by jury in any legal proceeding
arising out of or relating to this Declaration or the
transactions contemplated hereby. Each such party agrees that
final judgment in any proceedings brought in such a court shall
be conclusive and binding upon it and may be enforced in any
court to the jurisdiction of which it is subject by a suit upon
such judgment.

         (b) Each of the Sponsor, the Trustees, the
Administrators and the Holder of the Common Securities
irrevocably consents to the service of process on it in any such
suit, action or proceeding by the mailing thereof by registered
or certified mail, postage prepaid, to it at its address given in
or pursuant to Section 13.1 hereof.

         (c) To the extent permitted by law, nothing herein
contained shall preclude any party from effecting service of
process in any lawful manner or from bringing any suit,
action or proceeding in respect of this Declaration in any other
state, country or place.

         Section 13.4. Intention of the Parties. It is the
intention of the parties hereto that the Trust be classified for
United States federal income tax purposes as a grantor trust. The
provisions of this Declaration shall be interpreted to further
this intention of the parties.

         Section 13.5. Headings. Headings contained in this
Declaration are inserted for convenience of reference only and do
not affect the interpretation of this Declaration or any
provision hereof.

         Section 13.6. Successors and Assigns. Whenever in this
Declaration any of the parties hereto is named or referred to,
the successors and assigns of such party shall be deemed
to be included, and all covenants and agreements in this
Declaration by the Sponsor and the Trustees shall bind and inure
to the benefit of their respective successors and assigns,
whether or not so expressed.

         Section 13.7. Partial Enforceability. If any provision
of this Declaration, or the application of such provision to any
Person or circumstance, shall be held invalid, the remainder
of this Declaration, or the application of such provision to
persons or circumstances other than those to which it is held
invalid, shall not be affected thereby.

         Section 13.8. Counterparts. This Declaration may contain
more than one counterpart of the signature page and this
Declaration may be executed by the affixing of the signature of
each of the Trustees and Administrators to any of such
counterpart signature pages. All of such counterpart signature
pages shall be read as though one, and they shall have the
same force and effect as though all of the signers had signed a
single signature page.

<PAGE>

         IN WITNESS WHEREOF, the undersigned have caused this
Declaration to be duly executed as of the day and year first
above written.
                                     WILMINGTON TRUST,COMPANY,
                                     as Delaware Trustee

                                     By:/s/Denise M. Geran
                                        ___________________
                                    Name:  Denise M. Geran
                                     Title: Vice President
                                     WILMINGTON TRUST COMPANY,
                                     as Institutional Trustee

                                     By:/s/ Denise M. Geran
                                     _______________________
                                     Name:  Denise M. Geran
                                     Title: Vice President

                                     UNION NATIONAL FINANCIAL
                                        CORPORATION
                                     as Sponsor

                                     By:/s/ Mark D. Gainer
                                     _______________________
                                     Name: Mark D. Gainer
                                     Title:President/CEO

                                     /s/ Mark D. Gainer
                                     ______________________
                                     Mark D. Gainer
                                       as Administrator

                                     /s/ Clement M. Hoober
                                     ______________________
                                     Clement M. Hoober
                                       as Administrator

                                     /s/ Marcene L. Camara
                                     ______________________
                                     Marcene L. Camara
                                       as Administrator
Declaration

<PAGE>

ANNEX I

<PAGE>

                            ANNEX I

                           TERMS OF
             CAPITAL SECURITIES AND COMMON SECURITIES

      Pursuant to Section 6.1 of the Amended and Restated
Declaration of Trust, dated as of October 14, 2004 (as amended
from time to time, the "Declaration"), the designation, rights,
privileges, restrictions, preferences and other terms and
provisions of the Capital Securities and the Common Securities
(collectively, the "Securities") are set out below (each
capitalized term used but not defined herein has the meaning set
forth in the Declaration):

      1. Designation and Number.

      (a) Capital Securities. 3,000 Capital Securities of Union
National Capital Trust II (the "Trust"), with an aggregate
liquidation amount with respect to the assets of the Trust of
THREE MII,LION Dollars ($3,000,000) and a liquidation amount with
respect to the assets of the Trust of $1,000 per Capital
Security, are hereby designated for the purposes of
identification only as the "MMCapS SM (the "Capital Securities").
The Capital Security Certificates evidencing the Capital
Securities shall be substantially in the form of Exhibit A-1 to
the Declaration, with such changes and additions thereto or
deletions therefrom as may be required by ordinary usage, custom
or practice or to conform to the rules of any stock exchange on
which the Capital Securities are listed, if any.

      (b) Common Securities. 93 Common Securities of the Trust
(the "Common Securities") will be evidenced by Common Security
Certificates substantially in the form of Exhibit A-2 to the
Declaration, with such changes and additions thereto or deletions
therefrom as may be required by ordinary usage, custom or
practice. In the absence of an Event of Default,
the Common Securities will have an aggregate liquidation amount
with respect to the assets ofthe Trust of NINETY THREE THOUSAND
Dollars ($93,000) and a liquidation amount with respect to the
assets of the Trust of $1,000 per Common Security.

      2. Distributions. (a) Distributions on each Security will
be payable at a per annum rate (the "Coupon Rate") equal to (i)
with respect to any Distribution Period (as defined herein) prior
to the Distribution Period commencing on the Distribution Period
commencing on the Distribution Payment Date (as defined herein)
in November 23, 2007, 5.28% and (ii) with respect to any
Distribution Period commencing on or after the Distribution
Payment Date in November 23, 2007, LIBOR, as determined on the
LIBOR Determination Date for such Distribution Period, plus
2.00%; provided, however, that the Coupon Rate for any
Distribution Period commencing on or after the Distribution
Payment Date in November 23, 2007 may not exceed the Interest
Rate (as defined in the Indenture) for the related Interest
Period (as defined in the Indenture). Distributions in arrears
for more than one Distribution Period will bear interest
thereon, compounded quarterly, at the applicable Coupon Rate for
each Distribution Period thereafter (to the extent permitted by
applicable law). The term "Distributions", as used herein,
includes cash Distributions, any such compounded Distributions
and any Additional Amounts payable on the Debentures unless
otherwise stated. A Distribution is payable only to the extent
that payments are made in respect of the Debentures held by the
Institutional Trustee and to the extent the Institutional Trustee
has funds legally available in the Property Account therefor. The

<PAGE>

amount of Distributions payable will be computed (i) with respect
to any Distribution Period prior to the Distribution Period
commencing on the Distribution Payment Date in November 23,2007,
on the basis of a 360-day year consisting of twelve 30-day months
and (ii) with respect to any Distribution Period commencing on or
after the Distribution Payment Date in November 23, 2007, on the
basis of a 360-day year and the actual number of days elapsed in
such Distribution Period.

      The term "Distribution Period", as used herein, means (i)
in the case of the first Distribution Period, the period from,
and including, the date of original issuance of the Securities
to, but excluding, the initial Distribution Payment Date and (ii)
thereafter, from, and including, the first day following the end
of the preceding Distribution Period to, but excluding, the
applicable Distribution Payment Date or, in the case of the last
Distribution Period, the related date of redemption.

      (b) LIBOR shall be determined by the Calculation Agent for
each Distribution Period commencing on or after the Distribution
Payment Date in November 23, 2007 in accordance with the
following provisions:

          (1) On the second LIBOR Business Day (provided, that
      on such day commercial banks are open for business
      (including dealings in foreign currency deposits) in
      London (a "LIBOR Banking Day"), and otherwise the next
      preceding LIBOR Business Day that is also a LIBOR Banking
      Day) prior to the Distribution Payment Date that commences
      such Distribution Period (each such day, a "LIBOR
      Determination Date"), LIBOR shall equal the rate, as
      obtained by the Calculation Agent, for three-month U.S.
      Dollar deposits in Europe, which appears on Telerate (as
      defined in the International Swaps and Derivatives
      Association, Inc. 2000 Interest Rate and Currency Exchange
      Definitions) page 3750 or such other page as may replace
      such page 3750, as of 11:00 a.m. (London time) on such
      LIBOR Determination Date, as reported by Bloomberg
      Financial Markets Commodities News or any successor
      service ("Telerate Page 3750"). "LIBOR Business Day" means
      any day that is not a Saturday, Sunday or other day on
      which commercial banking institutions in The City of New
      York or Wilmington, Delaware are authorized or obligated
      by law or executive order to be closed. If such rate is
      superseded on Telerate Page 3750 by a corrected rate
      before 12:00 noon (London time) on such LIBOR
      Determination Date, the corrected rate as so substituted
      will be LIBOR for such LIBOR Determination Date.

          (2) If, on such LIBOR Determination Date, such rate
      does not appear on Telerate Page 3750, the Calculation
      Agent shall determine the arithmetic mean of the offered
      quotations of the Reference Banks (as defined below) to
      leading banks in the London interbank market for
      three-month U.S. Dollar deposits in Europe (in an amount
      determined by the Calculation Agent) by reference to
      requests for quotations as of approximately 11:00 a.m.
      (London time) on such LIBOR Determination Date made by the
      Calculation Agent to the Reference Banks. If, on such
      LIBOR Determination Date, at least two of the Reference
      Banks provide such quotations, LIBOR shall equal the
      arithmetic mean of such quotations. If, on such LIBOR
      Determination Date, only one or none of the

<PAGE>

      Reference Banks provide such a quotation, LIBOR shall be
      deemed to be the arithmetic mean of the offered quotations
      that at least two leading banks in The City of New York
      (as selected by the Calculation Agent) are quoting on such
      LIBOR Determination Date for three-month U.S. Dollar
      deposits in Europe at approximately 11:00 a.m. (London
      time) (in an amount determined by the Calculation Agent).
      As used herein, "Reference Banks" means four major banks
      in the London interbank market selected by the Calculation
      Agent.

          (3) If the Calculation Agent is required but is unable
      to determine a rate in accordance with at least one of the
      procedures provided above, LIBOR for such Distribution
      Period shall be LIBOR in effect for the immediately
      preceding Distribution Period.

      (c) All percentages resulting from any calculations on the
Securities will be rounded, if necessary, to the nearest one
hundred-thousandth of a percentage point, with five
one-millionths of a percentage point rounded upward (e.g.,
9.876545% (or .09876545) being rounded to 9.87655% (or
..0987655)), and all dollar amounts used in or resulting from such
calculation will be rounded to the nearest cent (with one-half
cent being rounded upward).

      (d) On each LIBOR Determination Date, the Calculation Agent
shall notify, in writing, the Sponsor and the Paying Agent of the
applicable Coupon Rate that applies to the related Distribution
Period. The Calculation Agent shall, upon the request of a Holder
of any Securities, inform such Holder of the Coupon Rate that
applies to the related Distribution Period.
All calculations made by the Calculation Agent in the absence of
manifest error shall be conclusive for all purposes and binding
on the Sponsor and the Holders of the Securities. The Paying
Agent shall be entitled to rely on information received from the
Calculation Agent or the Sponsor as to the applicable Coupon
Rate. The Sponsor shall, from time to time, provide any
necessary information to the Paying Agent relating to any
original issue discount and interest on the Securities that is
included in any payment and reportable for taxable income
calculation purposes.

      (e) Distributions on the Securities will be cumulative,
will accrue from the date of original issuance, and will be
payable, subject to extension of Distribution Periods as
described herein, quarterly in arrears on February 23, May 23,
August 23 and November 23 of each year, commencing on November
23, 2004 (each, a "Distribution Payment Date"), and on any
earlier date of redemption, as applicable. The Debenture Issuer
has the right under the Indenture to defer payments of interest
on the Debentures by extending the interest payment period for up
to 20 consecutive quarterly periods (each such extended interest
payment period, together with all previous and future consecutive
extensions thereof, is referred to herein as an
"Extension Period") at any time and from time to time on the
Debentures, subject to the conditions described below and in the
Indenture. No Extension Period may end on a date other than a
Distribution Payment Date or extend beyond the Maturity Date, any
Optional Redemption Date or the Special Redemption Date, as the
case may be (each such term as defined herein). During any
Extension Period, interest will continue to accrue on the
Debentures, and interest on such accrued interest (such accrued
interest and interest thereon referred to herein as "Deferred
Interest") will accrue, at an annual rate equal to the Coupon
Rate applicable during such Extension Period, compounded
quarterly from the date such Deferred Interest would have been

<PAGE>

payable were it not for the Extension Period, to the extent
permitted by applicable law. At the end of any Extension Period,
the Debenture Issuer shall pay all Deferred Interest then accrued
and unpaid on the Debentures; provided, however, that during any
Extension Period, the Debenture Issuer may not (i) declare or pay
any dividends or distributions on, or redeem,
purchase, acquire, or make a liquidation payment with respect to,
any of the Debenture Issuer's capital stock, (ii) make any
payment of principal or premium or interest on or repay,
repurchase or redeem any debt securities of the Debenture Issuer
that rank in all respects pari passu with or junior in interest
to the Debentures or (iii) make any payment under any guarantees
of the Debenture Issuer that rank in all respects pari passu with
or junior in interest to the Guarantee (other than (a)
repurchases, redemptions or other acquisitions of shares of
capital stock of the Debenture Issuer (A) in connection with any
employment contract, benefit plan or other similar arrangement
with or for the benefit of one or more employees, officers,
directors or consultants, (B) in connection with a dividend
reinvestment or stockholder stock purchase plan or (C) in
connection with the issuance of capital stock of the Debenture
Issuer (or securities convertible into or exercisable for such
capital stock), as consideration in an acquisition transaction
entered into prior to the applicableExtension Period, (b) as a
result of any exchange or conversion of any class or series of
the Debenture Issuer's capital stock (or any capital stock of a
subsidiary of the Debenture Issuer) for any class or series of
the Debenture Issuer's capital stock or of any class .or
series of the Debenture Issuer's indebtedness for any class or
series of the Debenture Issuer's capital stock, (c) the purchase
of fractional interests in shares of the Debenture Issuer's
capital stock pursuant to the conversion or exchange provisions
of such capital stock or the .security being converted or
exchanged , (d) any declaration of a dividend in connection with
any stockholder's rights plan, or the issuance of rights, stock
or other property under any stockholder's rights plan, or the
redemption or repurchase of rights pursuant thereto, or (e) any
dividend in the form of stock, warrants, options or other rights
where the dividend stock or the stock issuable upon exercise of
such warrants, options or other rights is the same stock as that
on which the dividend is being paid or ranks paripassu with or
junior in interest to such stock). Prior to the termination of
any Extension Period, the Debenture Issuer may further extend
such Extension Period, provided, that no Extension Period
(including all previous and further consecutive extensions that
are part of such Extension Period) shall exceed 20 consecutive
quarterly periods. Upon the termination of any Extension Period
and upon the payment of all Deferred Interest, the Debenture
Issuer may commence a new Extension Period, subject to the
requirements herein and in the Indenture. No interest or Deferred
Interest (except any Additional Amounts that may be due and
payable) shall be due and payable during an Extension Period,
except at the end thereof, but Deferred Interest shall accrue
upon each installment of interest that would otherwise have been
due and payable during such Extension Period until such
installment is paid.

      As a consequence of any Extension Period, Distributions
will be deferred. Notwithstanding any such deferral,
Distributions will continue to accrue on the Securities, and
Distributions on such accrued Distributions will accrue, at the
Coupon Rate applicable during such Extension Period, compounded
quarterly, to the extent permitted by applicable law. If
Distributions are deferred, the Distributions due shall be paid
on the date that such Extension Period terminates to Holders of
the Securities as they appear on the books and records of the
Trust on the regular record date immediately preceding the
Distribution Payment Date on which such Extension Period
terminates to the extent that the Trust has funds legally
available for the payment of such Distributions in the Property
Account of the Trust.

<PAGE>

      The Trust's funds available for Distributions to the
Holders of the Securities will be limited to payments received
from the Debenture Issuer. The payment of Distributions out of
moneys held by the Trust is guaranteed by the Guarantor pursuant
to the Guarantee.

      (f) Distributions on the Securities on any Distribution
Payment Date will be payable to the Holders thereof as they
appear on the books and records of the Registrar on the
relevant regular record dates. The relevant "regular record
dates" shall be 15 days before the relevant Distribution Payment
Dates. Distributions payable on any Securities that are not
punctually paid on any Distribution Payment Date, as a result of
the Debenture Issuer having failed to make a payment under the
Debentures, as the case may be, when due (taking into
account any Extension Period), will cease to be payable to the
Person in whose name such Securities are registered on the
original relevant regular record date, and such defaulted
Distributions will instead be payable to the Person in whose name
such Securities are registered on the regular record date
preceding the Distribution Payment Date on which the related
Extension Period terminates or, in the absence of an Extension
Period, a special record date therefor selected by the
Administrators.

      (g) In the event that there is any money or other property
held by or for the Trust that is not accounted for hereunder,
such property shall be distributed Pro Rata (as defined
herein) among the Holders of the Securities.

      (h) If any Distribution Payment Date on or prior to the
Distribution Payment Date in November 23, 2007 falls on a day
that is not a Business Day, then Distributions payable
on such date will be paid on the next succeeding Business Day,
and no additional Distributions will accrue in respect of such
payment on such next Business Day. If any Distribution Payment
Date after the Distribution Payment Date in November 23, 2007,
other than any date of redemption falls on a day that is not a
Business Day, then Distributions payable will be paid on,
and such Distribution Payment Date will be moved to, the next
succeeding Business Day, and additional Distributions will accrue
for each day that such payment is delayed as a result thereof.

       3. Liquidation Distribution Upon Dissolution. In the event
of the voluntary or involuntary liquidation, dissolution,
winding-up or termination of the Trust (each, a "Liquidation"),
the Holders of the Securities will be entitled to receive out of
the assets of the Trust legally available for distribution to
Holders of the Securities, after satisfaction of liabilities
to creditors of the Trust (to the extent not satisfied by the
Debenture Issuer), an amount in cash equal to the aggregate of
the liquidation amount of $1,000 per Security plus unpaid
Distributions accrued thereon to the date of payment
(collectively, the "Liquidation Distribution"), unless: (i)
the Debentures have been redeemed in full in accordance with the
terms thereof and of the Indenture; or (ii) the Debentures in an
aggregate principal amount equal to the aggregate liquidation
amount of such Securities and bearing accrued and unpaid interest
in an amount equal to the accrued and unpaid Distributions on
such Securities, after paying or making reasonable provision to
pay all claims and obligations of the Trust in accordance with
Section 3808(e) of the Statutory Trust Act, shall be distributed
on a Pro Rata basis to the Holders of the Securities in exchange
for such Securities.

       The Sponsor, as the Holder of all of the Common
Securities, has the right at any time, upon receipt by the
Debenture Issuer and the Institutional Trustee for the benefit of
the

<PAGE>

Trust of (i) an opinion of nationally recognized tax counsel that
Holders will not recognize any gain or loss for United States
Federal income tax purposes as a result of the distribution of
Debentures, to dissolve the Trust (including, without limitation,
upon the occurrence of a Tax Event, an Investment Company Event
or a Capital Treatment Event, each as defined herein) and (ii)
prior approval from the Board of Governors of the Federal Reserve
System (the "Federal
Reserve") (if then required under applicable capital guidelines
or policies of the Federal Reserve) and, after satisfaction of
liabilities to creditors of the Trust, cause the Debentures to be
distributed to the Holders of the Securities on a Pro Rata basis
in accordance with the aggregate liquidation amount thereof.

       The Trust shall dissolve on the first to occur of (i)
November 23, 2039, the expiration of the term of the Trust, (ii)
a Bankruptcy Event with respect to the Sponsor, the Trust
or the Debenture Issuer, (iii) (other than in connection with a
merger, consolidation or similar transaction not prohibited by
the Indenture, this Declaration or the Guarantee, as the case may
be) the filing of a certificate of dissolution or its equivalent
with respect to the Sponsor or upon the revocation of the charter
of the Sponsor and the expiration of 90 days after the date of
revocation without a reinstatement thereof, (iv) the distribution
of all of the Debentures to the Holders of the Securities, upon
exercise of the right of the Holders of all of the outstanding
Common Securities to dissolve the Trust as described above, (v)
the entry of a decree of a judicial dissolution of any Holder of
the Common Securities, the Sponsor, the Trust or the Debenture
Issuer, (vi) when all of the Securities are then subject to
redemption and the amounts
necessary for redemption thereof shall have been paid to the
Holders in accordance with the terms of the Securities or (vii)
before the issuance of any Securities, with the consent of all of
the Trustees and the Sponsor. As soon as practicable after the
dissolution of the Trust and upon completion of the winding up of
the Trust, the Trust shall terminate upon the filing of a
certificate of cancellation with the Secretary of State of the
State of Delaware.

       Notwithstanding the foregoing, if a Liquidation of the
Trust occurs as described in clause (i), (ii), (iii) or (v) in
the immediately preceding paragraph, the Trust shall be
liquidated by the Institutional Trustee of the Trust as
expeditiously as such Trustee determines to be practical by
distributing, after satisfaction of liabilities to creditors of
the Trust (to the extent not satisfied by the Debenture Issuer)
as provided by applicable law, to the Holders of the Securities,
the Debentures on a Pro Rata basis, unless such distribution is
determined by the Institutional Trustee not to be practical, in
which event such Holders will be entitled to receive on a Pro
Rata basis, out of the assets of the Trust legally available for
distribution to the Holders of the Securities, after satisfaction
of liabilities to creditors of the Trust (to the extent not
satisfied by the Debenture Issuer), an amount in cash equal to
the Liquidation Distribution. A Liquidation of the Trust pursuant
to clause (iv) of the immediately preceding paragraph shall occur
if the Institutional Trustee determines that such Liquidation is
practical by distributing, after
satisfaction of liabilities to creditors of the Trust (to the
extent not satisfied by the Debenture Issuer), to the Holders of
the Securities on a Pro Rata basis, the Debentures, and such
distribution occurs.

       If, upon any Liquidation of the Trust, 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 the amounts payable directly by
the Trust on the Securities shall be paid to the Holders of the
Securities on a Pro Rata basis, except that if an Event of
Default has

<PAGE>

occurred and is continuing, then the Capital Securities shall
have a preference over the Common Securities with regard to such
amounts.

       Upon any Liquidation of the Trust involving a distribution
of the Debentures, if at the time of such Liquidation, the
Capital Securities were rated by at least one nationally
recognized statistical rating organization, the Debenture Issuer
will use its reasonable best efforts to obtain from at least one
such or other rating organization a rating for the Debentures.

       After the date for any distribution of the Debentures upon
any Liquidation of the Trust, (i) the Securities of the Trust
will be deemed to be no longer outstanding, (ii) any
certificates representing the Capital Securities will be deemed
to represent undivided beneficial interests in such of the
Debentures as have an aggregate principal amount equal to the
aggregate liquidation amount of such Capital Securities and
bearing accrued and unpaid interest equal to accrued and unpaid
Distributions on such Capital Securities until such certificates
are presented to the Debenture Issuer or its agent for transfer
or reissuance (and until such certificates are so surrendered, no
payments shall be made to Holders of Securities in respect of any
payments due and payable under the Debentures) and (iii) all
rights of Holders of Securities shall cease, except the right of
such Holders to receive Debentures upon surrender of certificates
representing such Securities.

       4. Redemption and Distribution.

       (a) The Debentures will mature on November 23, 2034 (the
"Maturity Date") at an amount in cash equal to 100% of the
principal amount thereof plus unpaid interest accrued thereon to
such date (the "Maturity Redemption Price"). The Debentures may
be redeemed by the Debenture Issuer, at its option, in whole or
in part, on any Distribution Payment Date on or after November
23, 2009 (each, an "Optional Redemption Date"), at the Optional
Redemption Price, upon not less than 30 nor more than 60 days'
prior written notice to holders of such Debentures. In addition,
upon the occurrence and continuation of a Tax Event, an
Investment Company Event or a Capital Treatment Event, the
Debentures may be redeemed by the Debenture Issuer, at its
option, in whole but not in part, at any time within 90 days
following the occurrence of such Tax Event, Investment Company
Event or Capital Treatment Event, as the case may be (the
"Special Redemption Date"), at the Special Redemption Price, upon
not less than 30 nor more than 60 days' prior written notice to
holders of the Debentures so long as such Tax Event, Investment
Company Event or Capital Treatment Event, as the case may be, is
continuing. In each case, the right of the Debenture Issuer to
redeem the Debentures prior to maturity is subject to the
Debenture Issuer and the Trust having received prior approval
from the Federal Reserve, if then required under applicable
capital guidelines or policies of the Federal
Reserve.

       "Tax Event" means the receipt by the Debenture Issuer and
the Trust of an opinion of counsel experienced in such matters to
the effect that, as a result of any amendment to or change
(including any announced prospective change) in the laws or any
regulations thereunder of the United States or any political
subdivision or taxing authority thereof or therein,
or as a result of any official administrative pronouncement
(including any private letter ruling, technical advice
memorandum, regulatory procedure, notice or announcement) (an
"Administrative Action") or judicial decision interpreting or
applying such laws or regulations,

<PAGE>

regardless of whether such Administrative Action or judicial
decision is issued to or in connection with a proceeding
involving the Debenture Issuer or the Trust and whether or not
subject to review or appeal, which amendment, clarification,
change, Administrative Action or decision is enacted, promulgated
or announced, in each case on or after the date of original
issuance of the Debentures, there is more than an insubstantial
risk that: (i) the Trust is, or will be within 90 days of the
date of such opinion, subject to United States federal income tax
with respect to income received or accrued on the Debentures;
(ii) if the Debenture Issuer is organized and existing under the
laws of the United States or any state thereof or the District of
Columbia, interest payable by the Debenture Issuer on the
Debentures is not, or within 90 days of the date of such opinion,
will not be, deductible by the Debenture Issuer, in whole or in
part, for United States federal income tax purposes; or (iii) the
Trust is, or will be within 90 days of the date of such opinion,
subject to or otherwise required to pay, or required to withhold
from Distributions,
more than a de minimis amount of other taxes (including
withholding taxes), duties, assessments or other governmental
charges.

       "Investment Company Event" means the receipt by the
Debenture Issuer and the Trust of an opinion of counsel
experienced in such matters to the effect that, as a result of a
change in law or regulation or written change in interpretation
or application of law or regulation by any legislative body,
court, governmental agency or regulatory authority, there is more
than an insubstantial risk that the Trust is or, within 90 days
of the date of such opinion will be, considered an Investment
Company that is required to be registered under the Investment
Company Act, which change becomes effective on or after the date
of the original issuance of the Debentures.
"Capital Treatment Event" means, if the Debenture Issuer is
organized and existing under the laws of the United States or any
state thereof or the District of Columbia, the receipt by the
Debenture Issuer and the Trust of an opinion of counsel
experienced in such matters to the effect that, as a result of
any amendment to, or change in, the laws, rules or regulations of
the United States or any political subdivision thereof or
therein, or as the result of any official or administrative
pronouncement or action or decision interpreting or applying such
laws, rules or regulations, which amendment or change is
effective or which pronouncement, action or decision is announced
on or after the date of original issuance of the Debentures,
there is more than an insubstantial risk that the Debenture
Issuer will not, within 90 days of the date of
such opinion, be entitled to treat an amount equal to the
aggregate liquidation amount of the Capital Securities as "Tier 1
Capital" (or the then equivalent thereof) for purposes of the
capital adequacy guidelines of the Federal Reserve (or any
successor regulatory authority with jurisdiction over bank
holding companies), as then in effect and applicable to the
Debenture Issuer; provided, however, that the inability of the
Debenture Issuer to treat all or any portion of the aggregate
liquidation amount of the Capital Securities as "Tier 1 Capital"
shall not constitute the basis for a Capital Treatment Event if
such inability results from the Debenture Issuer having
cumulative preferred stock, minority interests in consolidated
subsidiaries and any other class of security or interest which
the Federal Reserve (or any successor regulatory authority with
jurisdiction over bank holding companies) may now or hereafter
accord "Tier 1 Capital" treatment that, in the aggregate, exceed
the amount which may now or hereafter qualify for treatment as
"Tier 1 Capital" under applicable capital adequacy guidelines of
the Federal Reserve (or any successor regulatory authority with
jurisdiction over bank holding companies); provided, further,
that the distribution of the Debentures in connection with the
Liquidation of

<PAGE>

the Trust by the Debenture Issuer shall not in and of itself
constitute a Capital Treatment Event unless such Liquidation
shall have occurred in connection with a Tax Event or an
Investment Company Event. For the avoidance of doubt, the
adoption by the Board of Governors of the Federal Reserve System
as a final rule of any of the proposals set forth in its notice
of proposed rulemaking dated May 6, 2004, shall not constitute a
Capital Treatment Event.

       "Optional Redemption Price" means an amount in cash equal
to 100% of the principal amount of the Debentures being redeemed
plus unpaid interest accrued on such Debentures to the related
Optional Redemption Date.

       "Special Event" means any of a Tax Event, an Investment
Company Event or a Capital Treatment Event.

       "Special Redemption Price" means, with respect to the
redemption of the Debentures following a Special Event, an amount
in cash equal to 104.00% of the principal amount of Debentures to
be redeemed prior to November 23, 2005 and thereafter equal to
the percentage of the principal amount of the Debentures that is
specified below for the Special
Redemption Date plus, in each case, unpaid interest accrued
thereon to the Special Redemption Date:

<TABLE>
<CAPTION>
Special Redemption During the 12-Month        Percentage of
______________________________________        _____________
Period Beginning November 23.                Principal Amount
_____________________________                ________________
      <S>                                          <C>
     2005                                        103.20%
     2006                                        102.40%
     2007                                        101.60%
     2008                                        100.84%
     2009 and thereafter                         100.00%

</TABLE>

       (b) Upon any repayment of the Debentures at maturity or in
whole or in part upon redemption (other than following the
distribution of the Debentures to the Holders of the Securities),
the proceeds from such repayment shall concurrently be applied to
redeem Pro Rata, at a redemption price corresponding to the
applicable Maturity Redemption Price, Optional Redemption Price
or Special Redemption Price for the Debentures, as the case may
be, Securities having an aggregate liquidation amount equal to
the aggregate principal amount of the Debentures so repaid;
provided, however, that Holders of such Securities shall be given
not less than 30 nor more than 60 days' prior written notice of
such redemption (other than a redemption resulting from the
maturity of the Debentures on the Maturity Date).

       (c) If fewer than all the outstanding Securities are to be
so redeemed, the Common Securities and the Capital Securities
will be redeemed Pro Rata and the Capital Securities to be
redeemed will be as described in Section 4(e)(ii) below.

<PAGE>

       (d) The Trust may not redeem fewer than all the
outstanding Capital Securities unless all accrued and unpaid
Distributions have been paid on all Capital Securities for
all Distribution Periods terminating on or before the related
date of redemption.

       (e) Redemption or Distribution Procedures.

           (i) Written notice of any redemption of, or written
     notice of distribution of the Debentures in exchange for,
     the Securities(a "Redemption/Distribution Notice") will be
     given by the Trust by mail to each Holder of Securities to
     be redeemed or exchanged not fewer than 30 nor more than 60
     days before the date of redemption or exchange thereof
     which, in the case of a redemption, will be the date of
     redemption of the Debentures. For purposes of the
     calculation of the date of redemption or exchange and the
     dates on which notices are given pursuant to this Section
     4(e)(i), a Redemption/Distribution Notice shall be deemed
     to be given on the day such notice is first mailed by
     first-class mail, postage prepaid, to Holders of such
     Securities. Each Redemption/Distribution Notice shall be
     addressed to the Holders of such Securities at the address
     of each such Holder appearing on the books and records of
     the Registrar. No defect in the Redemption/Distribution
     Notice or in the mailing thereof with respect to any Holder
     shall affect the validity of the redemption or exchange
     proceedings with respect to any other Holder.

           (ii) In the event that fewer than all the
     outstanding Capital Securities are to be redeemed, the
     Capital Securities to be redeemed shall be redeemed Pro
     Rata from each Holder.

           (iii) If the Securities are to be redeemed and the
     Trust gives a Redemption/Distribution Notice, which notice
     may only be issued if the Debentures are redeemed or repaid
     as set out in this Section (which notice will be
     irrevocable), then, provided, that the Institutional
     Trustee has a sufficient amount of cash in connection with
     the related redemption or maturity of the Debentures, the
     Institutional Trustee will pay the price payable upon
     redemption of the Securities to the Holders of such
     Securities by check mailed to the address of each such
     Holder appearing on the books and records of the Trust on
     the related date of redemption. If a
     Redemption/Distribution Notice shall have been given and
     funds deposited as required, then immediately prior to the
     close of business on the date of such deposit,
     Distributions will cease to accrue on the Securities so
     subject to redemption and all rights of Holders of such
     Securities so subject to redemption will cease, except the
     right of the Holders of such Securities to receive the
     applicable price specified in Section 4(a), but without
     interest on such price. If any date of redemption of the
     Securities falls on a day that is not a Business Day, then
     payment of all amounts payable on such date will be made on
     the next succeeding Business Day, and no additional
     Distributions will accrue in respect of such payment on
     such next succeeding Business Day. If any amount payable
     upon redemption of the Securities is improperly withheld or
     refused and not paid either by the Trust, the Debenture
     Issuer or the Sponsor as guarantor pursuant to the
     Guarantee, Distributions on such Securities will continue
     to accrue at the Coupon Rate applicable from the date of
     redemption to the actual date of payment, in which case the
     actual payment date will be considered the date of
     redemption for purposes of calculating the price payable
     upon redemption of the

<PAGE>

      Securities. In the event of any redemption of the Capital
     Securities issued by the Trust in part, the Trust shall
      not be required to (i) issue, register the transfer of or
      exchange any Security during a period beginning at the
      opening of business 15 days before any selection for
      redemption of the Capital Securities and ending at the
      close of business on the earliest date on which the
      relevant notice of redemption is deemed to have been given
      to all Holders of the Capital Securities to be so redeemed
      or (ii) register the transfer of or exchange any Capital
      Securities so selected for redemption, in whole or in
      part, except for the unredeemed portion of any Capital
      Securities being redeemed in part.

             (iv) Redemption/Distribution Notices shall be sent
      by the Administrators on behalf of the Trust (A) in
      respect of the Capital Securities, to the Holders thereof,
      and (B) in respect of the Common Securities, to the Holder
      thereof.

             (v) Subject to the foregoing and applicable law
      (including, without limitation, United States federal
      securities laws), and provided, that the acquiror is not
      the Holder of the Common Securities or the obligor under
      the Indenture, the Sponsor or any of its subsidiaries may
      at any time and from time to time purchase outstanding
      Capital Securities by tender, in the open market or by
      private agreement.

      5. Voting Rights - Capital Securities. (a) Except as
provided under Sections 5(b) and 7 and as otherwise required by
law and the Declaration, the Holders of the Capital Securities
will have no voting rights. The Administrators are required to
call a meeting of the Holders of the Capital Securities if
directed to do so by Holders of not less than 10% in liquidation
amount of the Capital Securities.

      (b) Subject to the requirements of obtaining a tax opinion
by the Institutional Trustee in certain circumstances set forth
in the last sentence of this paragraph, the Holders of a
Majority in liquidation amount of the Capital Securities, voting
separately as a class, have the right to direct the time, method,
and place of conducting any proceeding for any remedy
available to the Institutional Trustee, or exercising any trust
or power conferred upon the Institutional Trustee under the
Declaration, including (i) directing the time, method, place of
conducting any proceeding for any remedy available to the
Debenture Trustee, or exercising any trust or power conferred on
the Debenture Trustee with respect to the Debentures, (ii)
waiving any past default and its consequences that are waivable
under the Indenture, (iii) exercising any right to rescind or
annul an acceleration of the principal of all the Debentures or
(iv) consenting on behalf of all the Holders of the Capital
Securities to any amendment, modification or termination of the
Indenture or the Debentures where such consent shall be required;
provided, however., that, where a consent or action under the
Indenture would require the consent or act of
the holders of greater than a simple majority in principal amount
of Debentures (a "Super Majority") affected thereby, the
Institutional Trustee may only give such consent or take such
action at the written direction of the Holders of not less than
the proportion in liquidation amount of the Capital Securities
outstanding which the relevant Super Majority represents of the
aggregate principal amount of the Debentures outstanding. If the
Institutional Trustee fails to enforce its rights under the
Debentures after the Holders of a Majority or Super Majority, as
the case may be, in liquidation amount of such Capital Securities
have so directed the Institutional Trustee, to the fullest extent
permitted by law, a Holder of the Capital Securities may
institute a legal proceeding directly against the Debenture
Issuer to enforce the Institutional Trustee's rights

<PAGE>

under the Debentures without first instituting any legal
proceeding against the Institutional Trustee or any other person
or entity. Notwithstanding the foregoing, if an Event of Default
has occurred and is continuing and such event is attributable to
the failure of the Debenture Issuer to pay interest or premium,
if any, on or principal of the Debentures on the date such
interest, premium, if any, or principal is payable (or in the
case of redemption, the date of redemption), then a Holder of the
Capital Securities may directly institute a proceeding for
enforcement of payment, on or after the respective due dates
specified in the Debentures, to such Holder directly of the
principal of or premium, if any, or interest on the Debentures
having an aggregate principal amount equal to the aggregate
liquidation amount of the Capital Securities of such Holder. The
Institutional Trustee shall notify all Holders of the Capital
Securities of any default actually known to the Institutional
Trustee with respect to the Debentures unless (x) such default
has been cured prior to the giving of such notice or (y) the
Institutional Trustee determines in good faith that the
withholding of such notice is in the interest of the Holders of
such Capital Securities, except where the default relates to the
payment of principal of or interest on any of the Debentures.
Such notice shall state that such Indenture Event of Default also
constitutes an Event of Default hereunder. Except with respect to
directing the time, method and place of conducting a proceeding
for a remedy, the Institutional Trustee shall not take any of the
actions described in clause (i), (ii), (iii) or (iv) above unless
the Institutional Trustee has obtained an
opinion of tax counsel to the effect that, as a result of such
action, the Trust will not be classified as other than a grantor
trust for United States federal income tax purposes.

      A waiver of an Indenture Event of Default will constitute a
waiver of the corresponding Event of Default hereunder. Any
required approval or direction of Holders of the Capital
Securities may be given at a separate meeting of H01ders of the
Capital Securities convened for such purpose, at a meeting of all
of the Holders of the Securities in the Trust or pursuant to
written consent. The Institutional Trustee will cause a notice of
any meeting at which Holders of the Capital Securities are
entitled to vote, or of any matter upon which action by written
consent of such Holders is to be taken, to be mailed to each
Holder of the Capital Securities. Each such notice will include a
statement setting forth the following information (i) the date of
such meeting or the date by which such action is to be taken,
(ii) a description of any resolution proposed for adoption at
such meeting on which such Holders are entitled to vote or of
such matter upon which written consent is sought and (iii)
instructions for the delivery of proxies or consents. No vote or
consent of the Holders of the Capital Securities will be required
for the Trust to redeem and cancel Capital Securities or to
distribute the Debentures in accordance with the Declaration and
the terms of the Securities.

      Notwithstanding that Holders of the Capital Securities are
entitled to vote or consent under any of the circumstances
described above, any of the Capital Securities that are owned by
the Sponsor or any Affiliate of the Sponsor shall not entitle the
Holder thereof to vote or consent and shall, for purposes of such
vote or consent, be treated as if such Capital Securities
were not outstanding.

      In no event will Holders of the Capital Securities have the
right to vote to appoint; remove or replace the Administrators,
which voting rights are vested exclusively in the Sponsor as the
Holder of all of the Common Securities of the Trust. Under
certain circumstances as more fully described in the Declaration,
Holders of Capital Securities have the right to vote to appoint,
remove or replace the Institutional Trustee and the Delaware
Trustee.

<PAGE>

      6. Voting Rights- Common Securities. (a) Except as provided
under Sections 6(b), 6(c) and 7 and as otherwise required by law
and the Declaration, the Common Securities will have no voting
rights.

      (b) The Holder of the Common Securities is entitled, in
accordance with Article IV of the Declaration, to vote to
appoint, remove or replace any Administrators.

      (c) Subject to Section 6.7 of the Declaration and only
after each Event of Default (if any) with respect to the Capital
Securities has been cured, waived or otherwise eliminated and
subject to the requirements of the second to last sentence of
this paragraph, the Holder of the Common Securities, voting
separately as a class, may direct the time, method, and
place of conducting any proceeding for any remedy available to
the Institutional Trustee, or exercising any trust or power
conferred upon the Institutional Trustee under the Declaration,
including (i) directing the time, method, place of conducting any
proceeding for any remedy available to the Debenture Trustee, or
exercising any trust or power conferred on the Debenture Trustee
with respect to the Debentures, (ii) waiving any past default and
its consequences that are waivable under the Indenture, or (iii)
exercising any right to rescind or annul an acceleration of the
principal of all the Debentures. Notwithstanding this Section
6(c), the Institutional Trustee
shall not revoke any action previously authorized or approved by
a vote or consent of the Holders of the Capital Securities. Other
than with respect to directing the time, method and
place of conducting any proceeding for any remedy available to
the Institutional Trustee or the Debenture Trustee as set forth
above, the Institutional Trustee shall not take any action
described in clause (i), (ii) or (iii) above, unless the
Institutional Trustee has obtained an opinion of tax counsel to
the effect that for the purposes of United States federal income
tax the Trust will not be classified as other than a grantor
trust on account of such action. If the Institutional Trustee
fails to enforce its rights under the Declaration, to the fullest
extent permitted by law, the Holder of the Common Securities may
institute a legal proceeding directly against any Person to
enforce the Institutional Trustee's rights under the Declaration,
without first instituting a legal proceeding against the
Institutional Trustee or any other Person.

      Any approval or direction of the Holder of the Common
Securities may be given at a separate meeting of Holders of the
Common Securities convened for such purpose, at a meeting of all
of the Holders of the Securities in the Trust or pursuant to
written consent. The Administrators will cause a notice of any
meeting at which the Holder of the Common Securities is entitled
to vote, or of any matter upon which action by written consent of
such Holder is to be taken, to be mailed to the Holder of the
Common Securities. Each such notice will include a statement
setting forth (i) the date of such meeting or the date by which
such action is to be taken, (ii) a description of any resolution
proposed for adoption at such meeting on which such Holder is
entitled to vote or of such matter upon which written consent is
sought and (iii) instructions for the delivery of proxies or
consents.

      No vote or consent of the Holder of the Common Securities
will be required for the Trust to redeem and cancel Common
Securities or to distribute the Debentures in accordance with the
Declaration and the terms of the Securities.

      7. Amendments to Declaration and Indenture. In addition to
any requirements under Section 11.1 of the Declaration, if any
proposed amendment to the

<PAGE>

Declaration provides for, or the Trustees otherwise propose to
effect, (i) any action that would adversely affect the powers,
preferences or special rights of the Securities, whether by way.
of amendment to theDeclaration or otherwise, or (ii) the
Liquidation of the Trust, other than as described in Section 7.1
of the Declaration, then the Holders of outstanding Securities,
voting together as a single class, will be entitled to vote on
such amendment or proposal and such amendment or proposal shall
not be effective except with the approval of the Holders of a
Majority in liquidation amount of the Securities affected
thereby; provided, however, if any amendment or proposal referred
to in clause (i) above would adversely affect only the Capital
Securities or only the Common Securities, then only Holders of
the affected Securities will be entitled to vote on such
amendment or proposal and such amendment or proposal shall not be
effective except with the approval of the Holders of a Majority
in liquidation amount of such Securities.

      (a) In the event the consent of the Institutional Trustee,
as the holder of the Debentures, is required under the Indenture
with respect to any amendment, modification or termination of the
Indenture or the Debentures, the Institutional Trustee shall
request the written direction of the Holders of the Securities
with respect to such amendment, modification or termination and
shall vote with respect to such amendment, modification, or
termination as directed by a Majority in liquidation amount of
the Securities voting together as a single class; provided,
however, that where a consent under the Indenture would require a
Super Majority, the Institutional Trustee may only give such
consent at the written direction of the Holders of not
tess than the proportion in liquidation amount of the Securities
which the relevant Super Majority represents of the aggregate
principal amount of the Debentures outstanding.

      (b) Notwithstanding the foregoing, no amendment or
modification may be made to the Declaration if such amendment or
modification would (i) cause the Trust to be classified for
purposes of United States federal income taxation as other than a
grantor trust, (ii) reduce or otherwise adversely affect the
powers of the Institutional Trustee or (iii) cause the
Trust to be deemed an Investment Company which is required to be
registered under the Investment Company Act.

      (c) Notwithstanding any provision of the Declaration, the
right of any Holder of the Capital Securities to receive payment
of Distributions and payments upon redemption, Liquidation or
otherwise, on or after their respective due dates, or to
institute a suit for the enforcement of any such payment on or
after such respective dates, shall not be impaired or affected
without the consent of such Holder. For the protection and
enforcement of the foregoing provision, each and every Holder of
the Capital Securities shall be entitled to such relief as can be
given either at law or equity.

      8. Pro Rata. A reference in these terms of the Securities
to any payment, distribution or treatment as being "Pro Rata"
shall mean pro rata to each Holder of the Securities according to
the aggregate liquidation amount of the Securities held by the
relevant Holder in relation to the aggregate liquidation amount
of all Securities outstanding unless, in relation to a
payment, an Event of Default has occurred and is continuing, in
which case any funds available to make such payment shall be paid
first to each Holder of the Capital Securities Pro Rata
according to the aggregate liquidation amount of the Capital
Securities held by the relevant Holder relative to the aggregate
liquidation amount of all Capital Securities outstanding, and

<PAGE>

only after satisfaction of all amounts owed to the Holders of the
Capital Securities, to each Holder of the Common Securities Pro
Rata according to the aggregate liquidation amount of the
Common Securities held by the relevant Holder relative to the
aggregate liquidation amount of all Common Securities
outstanding.

      9. Ranking. The Capital Securities rankparipassu with, and
payment thereon shall be made Pro Rata with, the Common
Securities except that, where an Event of Default has occurred
and is continuing, the rights of Holders of the Common Securities
to receive payment of Distributions and payments upon
Liquidation, redemption and otherwise are subordinated to the
rights of the Holders of the Capital Securities with the result
that no payment of any Distribution on, or any amount payable
upon the redemption of, any Common Security, and no payment to
the Holder of any Common Security on account of the Liquidation
of the Trust, shall be made unless payment in full in cash of (i)
all accrued and unpaid Distributions on all outstanding Capital
Securities for all Distribution Periods terminating on or prior
thereto, (ii) all amounts payable upon Capital Securities then
subject to redemption and (iii) all amounts
payable upon Capital Securities in the event of the Liquidation
of the Trust, in each case, shall have been made or provided for,
and all funds immediately available to the Institutional Trustee
shall first be applied to the payment in full in cash of the
amounts specified in clause (i), (ii) and (iii) above that are
then due and payable.

      10. Acceptance of Guarantee and Indenture. Each Holder of
the Capital Securities and the Common Securities, by the
acceptance of such Securities, agrees to the provisions of the
Guarantee and the Indenture, including the subordination
provisions therein.

      11. No Preemptive Rights. The Holders of the Securities
shall have no, and the issuance of the Securities is not subject
to, preemptive or similar rights to subscribe for any additional
securities.

      12. Miscellaneous. These terms constitute a part of the
Declaration. The Sponsor will provide a copy of the Declaration,
the Guarantee and the Indenture to a Holder without charge on
written request to the Sponsor at its principal place of
business.

<PAGE>

EXHIBIT A- 1
<PAGE>
                          EXHIBIT A-1

                FORM OF CAPITAL SECURITY CERTIFICATE

                    [FORM OF FACE OF SECURITY]

         THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY
STATE SECURITIES LAWS OR ANY OTHER APPLICABLE SECURITIES LAWS.
NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN
MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT
SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.
THE HOLDER OF THIS SECURITY OR ANY INTEREST OR PARTICIPATION
HEREIN, BY ITS ACCEPTANCE HEREOF OR THEREOF, AS THE CASE MAY BE,
AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY OR ANY
INTEREST OR PARTICIPATION HEREIN PRIOR TO THE DATE WHICH IS THE
LATER OF (i) TWO YEARS (OR SUCH SHORTER PERIOD OF TIME AS
PERMITTED BY RULE 144(k) UNDER THE SECURITIES ACT) AFTER THE
LATER OF (Y) THE DATE OF ORIGINAL ISSUANCE HEREOF AND (Z) THE
LAST DATE ON WHICH THE TRUST OR ANY AFFILIATE (AS DEFINED IN RULE
405 UNDER THE SECURITIES ACT) OF THE TRUST WAS THE HOLDER OF THIS
SECURITY OR SUCH INTEREST OR PARTICIPATION (OR ANY PREDECESSOR
THERETO) AND (ii) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY
ANY SUBSEQUENT CHANGE IN APPLICABLE LAW, ONLY (A) TO THE
DEBENTURE ISSUER OR THE TRUST, (B) PURSUANT TO RULE 144A UNDER
THE SECURITIES ACT ("RULE 144A"), TO A PERSON THE HOLDER
REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER," AS
DEFINED IN RULE 144A, THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR
THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS
GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
(C) PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT TO AN "ACCREDITED INVESTOR" WITHIN THE
MEANING OF SUBPARAGRAPH (a) (1), (2), (3), (7) OR (8) OF RULE 501
UNDER THE SECURITIES ACT THAT IS ACQUIRING THIS SECURITY OR SUCH
INTEREST OR PARTICIPATION FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT
OF SUCH AN ACCREDITED INVESTOR, FOR INVESTMENT PURPOSES AND NOT
WITH A VIEW TO, OR FOR OFFER OR SALE IN CON2XlECTION WITH, ANY
DISTRIBUTION IN VIOLATION OF THESECURITIES ACT, (D) PURSUANT TO
OFFERS AND SALES TO NON-US PERSONS THAT OCCUR OUTSIDE THE UNITED
STATES PURSUANT TO REGULATION S UNDER THE SECURITIES ACT OR (E)
PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF-THE SECURITIES ACT, SUBJECT TO THE RIGHT OF THE
DEBENTURE ISSUER AND THE TRUST PRIOR TO ANY SUCH OFFER, SALE OR
TRANSFER PURSUANT TO CLAUSE (C) OR 0E) ABOVE TO REQUIRE THE
DELIX,qERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
INFORMATION SATISFACTORY TO EACH OF
THEM IN ACCORDANCE WITH THE AMENDED AND RESTATED DECLARATION OF

<PAGE>

TRUST, A COPY OF WHICH MAY BE OBTAINED FROM THE DEBENTURE ISSUER
OR THE TRUST. THE HOLDER OF THIS SECURITY OR ANY INTEREST OR
PARTICIPATION HEREIN, BY ITS ACCEPTANCE HEREOF OR THEREOF, AS THE
CASE MAY BE, AGREES THAT IT WILL COMPLY WITH THE FOREGOING
RESTRICTIONS.

         THE HOLDER OF THIS SECURITY OR ANY INTEREST OR
PARTICIPATION HEREIN, BY ITS ACCEPTANCE HEREOF OR THEREOF, AS THE
CASE MAY BE, ALSO AGREES, REPRESENTS AND WARRANTS THAT IT IS NOT
AN EMPLOYEE BENEFIT, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER PLAN
OR ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE
"CODE") (EACH A "PLAN"), OR AN ENTITY WHOSE UNDERLYING ASSETS
INCLUDE "PLAN ASSETS" BY REASON OF ANY PLAN'S INVESTMENT IN THE
ENTITY AND NO PERSON INVESTING "PLAN ASSETS" OF ANY PLAN MAY
ACQUIRE OR HOLD THIS SECURITY OR ANY INTEREST OR PARTICIPATION
HEREIN, UNLESS SUCH PURCHASER OR HOLDER IS ELIGIBLE FOR THE
EXEMPTIVE RELIEF AVAILABLE UNDER U.S. DEPARTMENT OF LABOR
PROHIBITED TRANSACTION CLASS EXEMPTION 96-23, 95-60, 91-38, 90-1
OR 84-14 OR ANOTHER APPLICABLE EXEMPTION OR ITS PURCHASE AND
HOLDING OF THIS SECURITY OR SUCH
INTEREST OR PARTICIPATION IS NOT PROHIBITED BY SECTION 406 OF
ERISA OR SECTION 4975 OF THE CODE WITH RESPECT TO SUCH PURCHASE
OR HOLDING. ANY PURCHASER OR HOLDER OF THIS SECURITY OR ANY
INTEREST OR PARTICIPATION HEREIN WILL BE DEEMED TO HAVE
REPRESENTED BY ITS PURCHASE AND HOLDING HEREOF OR THEREOF, AS THE
CASE MAY BE, THAT EITHER (i) IT IS NOT AN EMPLOYEE BENEFIT PLAN
WITHIN THE MEANING OF SECTION 3(3) OF ERISA, OR A PLAN TO WHICH
SECTION 4975 OF THE CODE IS APPLICABLE, A TRUSTEE OR OTHER PERSON
ACTING ON BEHALF OF AN EMPLOYEE BENEFIT PLAN OR PLAN, OR ANY
OTHER PERSON OR ENTITY USING THE ASSETS OF ANY EMPLOYEE BENEFIT
PLAN OR PLAN TO FINANCE SUCH PURCHASE, OR (ii) SUCH PURCHASE AND
HOLDING WILL NOT RESULT IN A PROHIBITED TRANSACTION UNDER SECTION
406 OF ERISA OR SECTION 4975 OF THE CODE FOR WHICH THERE IS NO
APPLICABLE STATUTORY OR ADMINISTRATIVE EXEMPTION.

         IN CONNECTION WITH ANY TRANSFER, THE HOLDER OF THIS
SECURITY WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH
CERTIFICATES AND OTHER INFORMATION A MAY BE REQUIRED BY THE
AMENDED AND RESTATED DECLARATION OF TRUST TO CONFIRM THAT THE
TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

         THIS SECURITY WILL BE ISSUED AND MAY BE TRANSFERRED ONLY
IN BLOCKS HAVING A LIQUIDATION AMOUNT OF NOT LESS THAN $100,000
AND MULTIPLES OF $1,000 IN EXCESS THEREOF. ANY ATTEMPTED TRANSFER
OF THIS SECURITY IN A BLOCK HAVING A LIQUIDATION AMOUNT OF LESS
THAN $100,000 SHALL BE DEEMED TO BE VOID AND OF NO LEGAL EFFECT
WHATSOEVER. ANY

<PAGE>

SUCH PURPORTED TRANSFEREE SHALL BE DEEMED NOT TO BE THE HOLDER OF
THIS SECURITY OR ANY INTEREST OR PARTICIPATION HEREIN FOR ANY
PURPOSE, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF
DISTRIBUTIONS ON THIS SECURITY OR SUCH INTEREST OR PARTICIPATION,
AND SUCH PURPORTED TRANSFEREE SHALL BE DEEMED TO HAVE NO INTEREST
WHATSOEVER IN THIS SECURITY OR ANY INTEREST OR PARTICIPATION
HEREIN.

<PAGE>

Certificate Number [ ]           Number of Capital Securities[ ]

                      CUSIP NO [ ]

          Certificate Evidencing Capital Securities

                             of

                UNION NATIONAL CAPITAL TRUST II

                       Capital Securities

           (liquidation amount $1,000 per Capital Security)

          Union National Capital Trust II, a statutory trust
created under the laws of the State of Delaware(the "Trust"),
herebycertifiesthat [ ] is the registered owner (the "Holder") of
3,000 capital securities of the Trust representing undivided
beneficial interests in the assets of the Trust, designated as
MMCapS sM (liquidation amount $1,000 per Capital Security) (the
"Capital Securities"). Subject to the Declaration (as defined
below), the Capital 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. The Capital Securities represented hereby are
issued pursuant to, and the designation, rights, privileges,
restrictions, preferences and other terms and provisions of the
Capital Securities shall in all respects be subject to, the
provisions of the Amended and Restated
Declaration of Trust of the Trust, dated as of October 14, 2004,
among Mark D. Gainer, Clement M. Hoober and Marcene L. Camara, as
Administrators, Wilmington Trust Company, as Delaware Trustee,
Wilmington Trust Company, as Institutional Trustee, Union
National Financial Corporation, as Sponsor, and the holders from
time to time of undivided beneficial interests in the assets of
the Trust, including the designation of the terms of the Capital
Securities as set forth in Annex I to the Declaration, as the
same may be amended from time to time (the "Declaration").
Capitalized terms used herein but not defined shall have the
meaning given them in the Declaration. The Holder is entitled to
the benefits of the Guarantee and the Indenture to the extent
provided therein. The Sponsor will provide a copy of the
Declaration, the Guarantee, and the Indenture to the Holder
without charge upon written request to the Sponsor at its
principal place of business.

          By acceptance of this Certificate, the Holder is bound
by the Declaration and is entitled to the benefits thereunder.

          By acceptance of this Certificate, the Holder agrees to
treat, for United States federal income tax purposes, the
Debentures as indebtedness and the Capital Securities as evidence
of undivided beneficial ownership in the Debentures.

          This Certificate and the Capital Securities evidenced
hereby are governed by, and shall be construed in accordance
with, the laws of the State of Delaware, without regard to
principles of conflict of laws.

<PAGE>

          This Certificate may contain more than one counterpart
of the signature page and this Certificate may be executed and
authenticated by the affixing of the signature of an
Administrator on behalf of the Trust, and the signature of the
Institutional Trustee providing authentication, to any of such
counterpart signature pages. All of such counterpart signature
pages shall be read as though one, and they shall have the same
force and effect as though the Trust had executed, and the
Institutional Trustee had authenticated, a single signature page.

<PAGE>

           IN WITNESS WHEREOF, the Trust has duly executed this
         Certificate.
                               UNION NATIONAL CAPITAL TRUST II

                               By:_________________________
                                  Name:
                                  Title: Administrator

                               Dated:______________________

              CERTIFICATE OF AUTHENTICATION
           This Certificate represents Capital Securities
referred to in the within-mentioned Declaration.

                               WILMINGTON TRUST COMPANY,
                               not in its individual capacity
                               but solely as the Institutional
                               Trustee

                               By:________________________
                                  Authorized Officer

                               Dated:
<PAGE>

                  [FORM OF REVERSE OF SECURITY]

           Distributions on each Capital Security will be payable
at a per annum rate(the "Coupon Rate") equal to (i)with respect
to any DistributionPeriod priorto the Distribution Period
commencing on theDistribution Payment Date (as defined herein)in
November 23,2007, 5.28% and (ii)with respectto any
DistributionPeriod commencing on or after the Distribution
Payment Date in November 23,2007,LIBOR, as determined on the
LIBOR Determination Date for such Distribution Period plus 2.00%;
provided, however, that the Coupon Rate for any Distribution
Period commencing on or after the Distribution Payment Date in
November 23, 2007 may not exceed the InterestRate (as defined in
the Indenture) for the related Interest Period (as defined in the
Indenture). Distributions in arrears for more than one
Distribution Period will bear interest thereon, compounded
quarterly, attheapplicable Coupon Rate for each Distribution
Period thereafter (to the extent permitted by applicable law).The
term"Distributions", as used herein, includes cash
Distributions,any such compounded Distributions and any
Additional Amounts payable on the Debentures, unless otherwise
stated. A Distribution is payable only to the extent that
payments are made in respect of the Debentures held by the
Institutional Trustee and to the extent the InstitutionalTrustee
has funds legally available in the Property Account therefor. The
amount of Distributions payable will be computed (i)with respect
to any Distribution Period prior to the Distribution Period
commencing on the Distribution Payment Date in November
23,2007,on the basis of a 360-day year consisting of twelve
30-day months and (ii)with respect to any DistributionPeriod
commencing on or after the Distribution Payment Date in November
23, 2007, on the basisof a 360-day year and the actualnumber of
days elapsed in such Distribution Period.

           Except as otherwise described below, Distributions on
the Capital Securities will be cumulative, will accrue from the
date of originalissuance and will be payable quarterly in
arrearson February23,May 23,August 23 andNovember 23 of each
year, commencing on November 23,2004 (each,a "Distribution
Payment Date"),and on any earlier date of redemption, subject, in
each case, to the Business Day convention specified in the
Declaration. The Debenture Issuer has the right under the
Indenture to defer payments of interest on the Debentures by
extending the interest payment period for up to 20 consecutive
quarterly periods (each such extended interest payment period,
together with all previous and future consecutive
extensions thereof, is referred to herein as an "Extension
Period") at any time and from time to time on the Debentures,
subject to the conditions described below and in the Declaration
and the Indenture. No Extension Period may end on a date other
than a Distribution Payment Date or extend beyond the Maturity
Date, any Optional Redemption Date or the Special Redemption
Date, as the case may be. During any Extension Period, interest
will continue to accrue on the Debentures, and interest on such
accrued interest (such accrued interest and interest thereon
referred to herein as "Deferred Interest") will accrue, at an
annual rate equal to the Coupon Rate applicable during such
Extension Period, compounded quarterly from the date such
Deferred Interest would have been payable were it not for the
Extension Period, to the extent permitted by applicable law. At
the end of any Extension Period, the Debenture Issuer shall pay
all Deferred Interest then accrued and unpaid on the Debentures;
provided, however, that prior to the termination of any Extension
Period, the Debenture Issuer may further extend such Extension
Period, provided, that no Extension Period (including all
previous and further consecutive extensions that are part of such
Extension Period) shall exceed 20 consecutive quarterly periods.
Upon the termination of any Extension Period and upon the payment
of all Deferred Interest, the

<PAGE>

Debenture Issuer may commence a new Extension Period, subject to
the requirements set forth herein and in the Declaration and the
Indenture. No interest or Deferred Interest (except any
Additional Amounts that may be due and payable) shall be due and
payable during an Extension Period, except at the end thereof,
but Deferred Interest shall accrue upon each installment of
interest that would otherwise have been due and payable during
such Extension Period until such installment is paid.

           As a consequence of any Extension Period,
Distributions will be deferred. If Distributions are deferred,
the Distributions due shall be paid on the date that the related
Extension Period terminates to Holders of the Capital Securities
as they appear on the books and records of the Trust on the
regular record date immediately preceding the Distribution
Payment Date on which such Extension Period terminates to the
extent that the Trust has funds legally available for the payment
of such Distributions in the Property Account of the Trust.

           The Capital Securities shall be redeemable, and shall
be entitled to the Liquidation Distribution, as provided in the
Declaration.

<PAGE>

                       ASSIGNMENT

           FOR VALUE RECEIVED, the undersigned assigns and
transfers the Capital Securities evidenced by this Capital
Security Certificate to:

__________________________

__________________________

__________________________

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

__________________________

__________________________

__________________________
(Insert address and zip code of assignee),

and irrevocably appoints ___________________________________
as agent to transfer the Capital Securities evidenced by this
Capital Security Certificate on the books of the Trust. The agent
may substitute another to act for it, him or her.

           Date: _________________

           Signature:________________

           (Sign exactly as your name appears on the other side
of this Capital Security Certificate)
Signature Guarantee: 1

1-Signature must be guaranteed by an "eligible guarantor
institution" that is a bank, stockbroker, savings and loan
association or credit union, meeting the requirements of the
Security registrar, which requirements include membership or
participation in the Securities Transfer Agents Medallion Program
("STAMP") or such other "signature guarantee program" as may be
determined by the Security registrar in addition to, or in
substitution for, STAMP, all in accordance with the Securities
Exchange Act of 1934, as amended.

<PAGE>
EXHIBIT A-2
<PAGE>

                          EXHIBIT A-2

              FORM OF COMMON SECURITY CERTIFICATE

         THIS COMMON SECURITY HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS
OR ANY OTHER APPLICABLE SECURITIES LAWS AND MAY NOT BE OFFERED,
SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN
EXEMPTION FROM REGISTRATION. EXCEPT AS SET FORTH IN SECTION 8.1
(b) OF THE DECLARATION (AS DEFINED BELOW), THIS SECURITY MAY NOT
BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED.

<PAGE>

   Certificate Number [ ]          Number of CommonSecurities[ ]

             Certificate Evidencing Common Securities

                                of

                  UNION NATIONAL CAPITAL TRUST II

       Union National Capital Trust II, a statutory trust created
under the laws of the State of Delaware (the "Trust"), hereby
certifies that Union National Financial Corporation is the
registered owner (the "Holder") of 93 common securities of the
Trust representing undivided beneficial interests in the assets
of the Trust (liquidation amount $1,000 per Common
Security)(the "Common Securities"). The Common Securities
represented hereby are issued pursuant to, and the designation,
rights, privileges, restrictions, preferences and other terms and
provisions of the Common Securities shall in all respects be
subject to, the provisions of the Amended and Restated
Declaration of Trust of the Trust, dated as of October 14, 2004,
among Mark D. Gainer, Clement M. Hoober and Marcene L. Camara, as
Administrators, Wilmington Trust Company, as Delaware Trustee,
Wilmington Trust Company, as Institutional Trustee, the
Holder, as Sponsor, and the holders from time to time of
undivided beneficial interests in the assets of the Trust,
including the designation of the terms of the Common Securities
as set forth in Annex I to the Declaration, as the same may be
amended from time to time (the "Declaration"). Capitalized terms
used herein but not defined shall have the meaning given them
in the Declaration. The Sponsor will provide a copy of the
Declaration and the Indenture to the Holder without charge upon
written request to the Sponsor at its principal place of
business.

       As set forth in the Declaration, when an Event of Default
has occurred and is continuing, the rights of the Holder of
Common Securities to payment in respect of Distributions
and payments upon Liquidation, redemption or otherwise are
subordinated to the rights of payment of holders of the Capital
Securities.

       By acceptance of this Certificate, the Holder is bound by
the Declaration and is entitled to the benefits thereunder.

       By acceptance of this Certificate, the Holder agrees to
treat, for United States federal income tax purposes, the
Debentures as indebtedness and the Common Securities as evidence
of undivided beneficial ownership in the Debentures.

        This Certificate and the Common Securities evidenced
hereby are governed by, and shall be construed in accordance
with, the laws of the State of Delaware, without regard to
principles of conflict of laws.

<PAGE>

        IN WITNESS WHEREOF, the Trust has executed this
Certificate this __ day of______, 2004.

                                 UNION NATIONAL CAPITAL TRUST II

                                 By:
                                    ________________________
                                    Name:
                                    Title: Administrator

<PAGE>

                   [FORM OF REVERSE OF SECURITY]

        Distributions payable on each Common Security will be
identical in amount to the Distributions payable on each Capital
Security, which is at a per annum rate (the "Coupon Rate")
equal to (i) with respect to any Distribution Period pr!or to the
Distribution Period commencing on the Distribution Payment Date
(as defined herein) in November 23, 2007, 5.28% and (it) with
respect to any Distribution Period commencing on or after the
Distribution Payment Date in November 23, 2007, L1BOR, as
determined on the LIBOR Determination Date for such Distribution
Period, plus 2.00%; provided, however, that the Coupon Rate for
any Distribution Period commencing on or after the Distribution
Payment Date in November 23, 2007 may not exceed the Interest
Rate (as defined in the Indenture) for the related Interest
Period (as defined in the Indenture). Distributions in arrears
for more than one Distribution Period will bear interest
thereon, compounded quarterly, at the applicable Coupon Rate for
each Distribution Period thereafter (to the extent permitted by
applicable law). The term "Distributions", as used herein,
includes cash Distributions, any such compounded Distributions
and any Additional Amounts payable on the Debentures, unless
otherwise stated. A Distribution is payable only to the extent
that payments are made in respect of the Debentures held by the
Institutional Trustee and to the extent the Institutional Trustee
has funds legally available in the Property Account therefor. The
amount of Distributions payable will be computed (i) with respect
to any Distribution Period prior to the Distribution Period
commencing on the Distribution Payment Date in November 23, 2007
on the basis of a 360-day year consisting of twelve 30-day months
and (it) with respect to any Distribution Period commencing on or
after the Distribution Payment Date in November 23, 2007, on the
basis of a 360-day year and the actual number of days elapsed in
such Distribution
Period.

        Except as otherwise described below, Distributions on the
Common Securities will be cumulative, will accrue from the date
of original issuance and will be payable quarterly in
arrears on February 23, May 23, August 23 and November 23 of each
year, commencing on November 23, 2004 (each, a "Distribution
Payment Date"), and on any earlier date of
redemption, subject, in each case, to the Business Day convention
specified in the Declaration. The Debenture Issuer has the right
under the Indenture to defer payments of interest on the
Debentures by extending the interest payment period for up to 20
consecutive quarterly periods (each such extended interest
payment period, together with all previous and future consecutive
extensions thereof, is referred to herein as an "Extension
Period") at any time and from time to time on the Debentures,
subject to the conditions described below and in the Declaration
and the Indenture. No Extension Period may end on a date other
than a Distribution Payment Date or extend beyond the Maturity
Date, any Optional Redemption Date or the Special Redemption
Date, as the case may be. During any Extension Period, interest
will continue to accrue on the Debentures, and interest on such
accrued interest (such accrued interest and interest thereon
referred to herein as "Deferred Interest") will accrue, at an
annual rate equal to the Coupon Rate applicable during such
Extension Period, compounded quarterly from the date such
Deferred Interest would have been payable were it not for the
Extension Period, to the extent permitted by applicable law. At
the end of any Extension Period, the Debenture Issuer shall pay
all Deferred Interest then accrued and unpaid on the Debentures;
provided, however, that prior to the termination of any Extension
Period, the Debenture Issuer may further extend such Extension
Period, provided, that no Extension Period (including all
previous and further consecutive extensions that are part of such
Extension Period) shall exceed 20 consecutive quarterly periods.

<PAGE>

Upon the termination of any Extension Period and upon the payment
of all Deferred Interest, the Debenture Issuer may commence a new
Extension Period, subject to the requirements set forth herein
and in the Declaration and the Indenture. No or Deferred Interest
(except any Additional Amounts that may be due and payable) shall
be due and payable during an Extension
Period, except at the end thereof, but Deferred Interest shall
accrue upon each installment of interest that would otherwise
have been due and payable during such Extension Period until such
installment is paid.

        As a consequence of any Extension Period, Distributions
will be deferred. If Distributions are deferred, the
Distributions due shall be paid on the date that the related
Extension Period terminates to Holders of the Securities as they
appear on the books and records of the Trust on the regular
record date immediately preceding the Distribution Payment Date
on which such Extension Period terminates to the extent that the
Trust has funds legally available for the payment of such
Distributions in the Property Account of the Trust.

        The Common Securities shall be redeemable, and shall be
entitled to the Liquidation Distribution, as pi-ovided in the
Declaration.

<PAGE>

                            ASSIGNMENT

          FOR VALUE RECEIVED, the undersigned assigns and
transfers the Common Securities evidenced by this Common Security
Certificate to:

__________________

__________________

__________________

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

__________________

__________________

__________________
(Insert address and zip code of assignee),

and irrevocably appoints _______________ as agent to transfer the
Common Securities evidenced by this Common Security Certificate
on the books of the Trust. The agent may substitute another to
act for him or her.

          Date: ______________

          Signature:__________

          (Sign exactly as your name appears on the other side of
this Common Security Certificate)

          Signature Guarantee: 1 _____________________________

1-Signature must be guaranteed by an "eligible guarantor
institution" that is a bank, stockbroker, savings and loan
association or credit union, meeting the requirements of the
Security registrar, which requirements include membership or
participation in the Securities Transfer Agents Medallion Program
("STAMP") or such other "signature guarantee program" as may be
determined by the Security registrar in addition to, or in
substitution for, STAMP, all in accordance with the Securities
Exchange Act of 1934, as amended.

<PAGE>
EXHIBIT B
<PAGE>

                                                     EXHIBIT B

                   FORM OF TRANSFEREE CERTIFICATE
               TO BE EXECUTED BY ACCREDITED INVESTORS

                                               ______________[ ]

Union National Financial Corporation
Union National Capital Trust II
P.O. Box 567, Mount Joy, PA 17552

Re: Purchase of $[SPECIFY] liquidation amount of MMCapS SM
    (the "Capital Securities") of Union National Capital Trust
 II (the "Trust")

Ladies and Gentlemen:

          In connection with our purchase of the Capital
Securities, we confirm that:

          1. We understand that the Capital Securities of the
Trust have not been registered under the Securities Act of 1933,
as amended (the "Securities Act"), and may not be offered or sold
except as permitted in the following sentence. We agree on our
own behalf and on behalf of any investor account for which we are
purchasing the Capital Securities that, if we decide to offer,
sell or otherwise transfer any such Capital Securities prior to
the date which is the later of (i) two years (or such shorter
period of time as permitted by Rule 144(k) under the
Securities Act) after the later of (Y) the date of original
issuance of the Capital Securities and (Z) the last date on which
the Trust or any Affiliate (as defined in Rule 405 under the
Securities Act) of the Trust was the holder of any such Capital
Securities (or any predecessor thereto) and (ii)
such later date, if any, as may be required by any subsequent
change in applicable law (the "Resale Restriction Termination
Date"), then such offer, sale or other transfer will be made only
(a) to the Company or the Trust, (b) pursuant to Rule 144A under
the Securities Act, to a person we reasonably believe is a
qualified institutional buyer under Rule 144A (a "QIB"), that
purchases for its own account or for the account of a QIB and to
whom notice is given that the transfer is being made in reliance
on Rule 144A, (c) pursuant to an exemption from registration,
to an "accredited investor" within the meaning of subparagraph
(a) (1), (2), (3), (7) or (8) of Rule 501 under the Securities
Act that is acquiring any such Capital Securities for its own
account or for the account of such an accredited investor for
investment purposes and not with a view to, or for offer or sale
in connection with, any distribution thereof in violation of the
Securities Act, (d) pursuant to offers and sales to a non-U. S.
Person that occur outside the United States pursuant to
Regulation S under the Securities Act, or (e) pursuant to another
available exemption from the registration requirements of the
Securities Act, and in each of the foregoing cases in accordance
with any applicable state securities laws and any requirements of
law that govern the disposition of our property. If any resale or
other transfer of the Capital Securities is proposed to be made
pursuant to clause (c) above, the transferor shall deliver a
letter from the transferee substantially
in the form of this letter to the Institutional Trustee as
Transfer Agent, which shall provide as applicable, among other
things, that the transferee is an accredited investor within the
meaning of subparagraph (a)(1), (2), (3), (7) or (8) of Rule 501
under the Securities Act that is acquiring such Capital
Securities for investment purposes and not for any distribution
in violation of the

<PAGE>

Securities Act. We acknowledge on our behalf and on behalf of any
investor account for which we are purchasing Capital Securities
that the Company and the Trust reserve the right prior to any
offer, sale or other transfer pursuant to clause (c) or (e) to
require the delivery of any opinion of counsel, certifications
and/or other information satisfactory to Union National Financial
Corporation (the "Company") and the Trust. We understand that the
certificates for any Capital Securities that we receive prior to
the Resale Restriction Termination Date will bear a legend
substantially to the effect of the foregoing.

          2. We are an accredited investor within the meaning of
Subparagraph (a) (1), (2), (3), (7) or (8) of Rule 501 under the
Securities Act purchasing for our own account or for the
account of such an accredited investor, and we are acquiring the
Capital Securities for investment purposes and not with view to,
or for offer or sale in connection with, any distribution in
violation of the Securities Act, and we have such knowledge and
experience in financial and business matters as to be capable of
evaluating the merits and risks of our investment in the Capital
Securities, and we and any account for which we are acting are
each able to bear the economic risks of our or its investment.

          3. We are acquiring the Capital Securities purchased by
us for our own account (or for one or more accounts as to each of
which we exercise sole investment discretion and have authority
to make, and do make, the statements contained in this letter)
and not with a view to any distribution of the Capital Securities
in violation of the Securities Act, subject, nevertheless, to the
understanding that the disposition of our property will at all
times be and remain within our control.

          4. In the event that we purchase any Capital
Securities, we will acquire such Capital Securities having an
aggregate liquidation amount of not less than $100,000 for our
own account and for each separate account for which we are
acting.

          5. We acknowledge that we either (A) are not a
fiduciary of a pension, profitsharing or other employee benefit
plan or arrangement subject to the Employee Retirement
Income Security Act of 1974, as amended, or to Section 4975 of
the Internal Revenue Code of 1986, as amended (a "Plan"), or an
entity whose assets include "plan assets" by reason of any
Plan's investment in the entity and are not purchasing the
Capital Securities on behalf of or with "plan assets" by reason
of any Plan's investment in the entity and are not purchasing the
Capital Securities on behalf of or with "plan assets" of any Plan
or (B) are eligible for the exemptive relief available under one
or more of the following prohibited transaction class exemptions
("PTCEs") issued by the U.S. Department of Labor: PTCE 96-23,
95-60, 91-38, 90-1 or 84-14.

          6. We acknowledge that each Plan, by its purchase of
the Capital Securities, will be deemed to have directed the Trust
to invest in the junior subordinated debt securities of
the Company, and to have consented to the appointment of the
institutional trustee of the Trust.

          7. We acknowledge that the Company, the Trust and
others will rely upon the truth and accuracy of the foregoing
acknowledgments, representations, warranties and agreements and
agree that if any of our acknowledgments, representations,
warranties and agreements are no longer accurate, we shall
promptly notify the applicable Placement Agent. If we are
acquiring any Capital Securities as a fiduciary or agent for one
or more investor accounts,

<PAGE>
we represent that we have sole discretion with respect to each
such investor account and that we have full power to make the
foregoing acknowledgments, representations and agreements on
behalf of each such investor account.

          You are entitled to rely upon. this letter and are
irrevocably authorized to produce this letter or a copy thereof
to any interested party in any administrative or legal proceeding
or other inquiry with respect to matters covered hereby.

                                     _________________________
                                     (Name of Purchaser)

                                     By:______________________

                                     Date:____________________

           Upon transfer, the Capital Securities should be
registered in the name of the new beneficial owner as follows.

Name:___________________

Address: _______________

Taxpayer ID Number:_____________________

<PAGE>

EXHIBIT C

<PAGE>
                                                      EXHIBIT C

                    FORM OF TRANSFEROR CERTIFICATE
                        TO BE EXECUTED FOR QIBs

                                                    ________,[ ]

Union National Financial Corporation
Union National Capital Trust II
P.O. Box 567, Mount Joy, PA 17552

Re: Purchase of $[SPECIFY] liquidation amount of MMCapS sM
    (the "Capital Securities") of Union National Capital Trust
 1I (the "Trust")

        Reference is hereby made to the Amended and Restated
Declaration of Trust of Union National Capital Trust ]1, dated as
of October 14, 2004 (the "Declaration"), among Mark D. Gainer,
Clement M. Hoober and Marcene L. Camara, as Administrators,
Wilmington Trust Company, as Delaware Trustee, Wilmington Trust
Company, as Institutional Trustee, Union
National Financial Corporation, as Sponsor, and the holders from
time to time of undivided beneficial interests in the assets of
the Trust. Capitalized terms used but not defined herein shall
have the meanings given them in the Declaration.

        This letter relates to $[_________] aggregate liquidation
amount of Capital Securities which are held in the name of [name
of transferor] (the "Transferor").

        In accordance with Section 8.2(b) of the Declaration, the
Transferor does hereby certify that such Capital Securities are
being transferred in accordance with (i) the transfer
restrictions set forth in the Capital Securities and (ii) Rule
144A under the Securities Act ("Rule 144A"), to a transferee that
the Transferor reasonably believes is purchasing the Capital
Securities for its own account or an account with respect to
which the transferee exercises sole investment discretion and the
transferee and any such account is a "qualified institutional
buyer" within the meaning of Rule 144A, in a transaction meeting
the requirements of Rule 144A and in
accordance with applicable securities laws of any state of the
United States or any other jurisdiction.

        You are entitled to rely upon this letter and are
irrevocably authorized to produce this letter or a copy thereof
to any interested party in any administrative or legal proceeding
or other inquiry with respect to matters covered hereby.
                                    ______________________
                                    (Name of Transferor)

                                    By:__________________

                                       Name:_________________

                                       Title:________________

                                       Date: ________________
<PAGE>

EXHIBIT D

<PAGE>

                                                     EXHIBIT D

                 FORM OF TRANSFEREE CERTIFICATE
               TO BE EXECUTED BY NON-U. S. PERSONS
                                                 __________,[ ]

Union National Financial Corporation
Union National Capital Trust II
P.O. Box 567, Mount Joy, PA 17552

Re: Purchase of $[SPECIFY] liquidation amount of MMCapS sM
    (the "Capital Securities") of Union National Capital Trust
 II (the "Trust")

          Reference is hereby made to the Amended and Restated
Declaration of Trust of Union National Capital Trust II, dated as
of October 14, 2004 (the "Declaration"), among Mark D. Gainer,
Clement M. Hoober and Marcene L. Camara, as Administrators,
Wilmington Trust Company, as Delaware Trustee, Wilmington Trust
Company, as Institutional Trustee, Union National Financial
Corporation, as Sponsor, and the holders from time to time of
undivided beneficial interests in the assets of the Trust.
Capitalized terms used but not defined herein shall
have the meanings given them in the Declaration.

          This letter relates to $[___________] aggregate
liquidation amount of Capital Securities which are held in the
name of [name of transferor].

          In accordance with Section 8.2(b) of the Declaration,
we do hereby certify that (i) we are not a "U. S. person" (as
such term is defined in Rule 902 under the Securities Act), (ii)
we are not acquiring the Capital Securities for the account or
benefit of any U.S. person, and (iii) the offer and sale of
Capital Securities to us constitutes an "offshore transaction"
under Regulation S under the Securities Act.

          You are entitled to rely upon this letter and are
irrevocably authorized to produce this letter or a copy thereof
to any interested party in any administrative or legal proceeding
or other inquiry with respect to matters covered hereby.

                                     _____________________
                                     (Name of Transferee)

                                    By:__________________

                                       Name:_________________

                                       Title:________________

                                       Date: ________________UNION NATIONAL FINANCIAL CORPORATION

                           as Issuer

                           INDENTURE

                   Dated as of October 14, 2004

                     WILMINGTON TRUST COMPANY

                             as Trustee

FIXED/FLOATING RATE JUNIOR SUBORDINATED DEBT SECURITIES DUE 2034

<PAGE>

                        TABLE OF CONTENTS

ARTICLE I   DEFINITIONS.......................................1

     Section 1.01 Definitions.................................1

ARTICLE II DEBT SECURITIES....................................9

     Section 2.01 Authentication and Dating...................9
     Section 2.02 Form of Trustee's Certificate of
                  Authentication.............................10
     Section 2.03 Form and Denomination of Debt Securities...10
     Section 2.04 Execution of Debt Securities...............10
     Section 2.05 Exchange and Registration of
                  Transfer of Debt Securities................11
     Section 2.06 Mutilated, Destroyed, Lost or
                  Stolen Debt Securities.....................14
     Section 2.07 Temporary Debt Securities..................15
     Section 2.08 Payment of Interest........................15
     Section 2.09 Cancellation of Debt Securities Paid.......16
     Section 2.10 Computation of Interest....................17
     Section 2.11 Extension of Interest Payment Period.......18
     Section 2.12 CUSIP Numbers..............................19

ARTICLE III PARTICULAR COVENANTS OF THE COMPANY .............19

     Section 3.01 Payment of Principal, Premium and
                  Interest; Agreed Treatment of the Debt
         Securities.................................19
     Section 3.02 Offices for Notices and Payments, etc......20
     Section 3.03 Appointments to Fill Vacancies in
                  Trustee's Office...........................21
     Section 3.04 Provision as to Paying Agent...............21
     Section 3.05 Certificate to Trustee.....................22
     Section 3.06 Additional Amounts. .......................22
     Section 3.07 Compliance with Consolidation
                  Provisions.................................23
     Section 3.08 Limitation on Dividends....................23
     Section 3.09 Covenants as to the Trust..................23

ARTICLE IV LISTS ............................................24

     Section 4.01 Securityholders' Lists.....................24
     Section 4.02 Preservation and Disclosure of Lists.......24
     Section 4.03 Financial and Other Information............25

ARTICLE V REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS........26

     Section 5.01 Events of Default..........................26
     Section 5.02 Payment of Debt Securities on Default;
                  Suit Therefor..............................28
     Section 5.03 Application of Moneys Collected
                  by Trustee.................................29
     Section 5.04 Proceedings by Securityholders.............30

<PAGE>

     Section 5.05 Proceedings by Trustee........... .........30
     Section 5.06 Remedies Cumulative and Continuing.........31
     Section 5.07 Direction of Proceedings and Waiver of
                  Defaults by Majority of Securityholders....31
     Section 5.08 Notice of Defaults.........................32
     Section 5.09 Undertaking to Pay Costs...................32

ARTICLE VI CONCERNING THE TRUSTEE ...........................33

     Section 6.01 Duties and Responsibilities of Trustee.....33
     Section 6.02 Reliance on Documents, Opinions, etc.......34
     Section 6.03 No Responsibility for Recitals, etc........35
     Section 6.04 Trustee, Authenticating Agent,
                  Paying Agents, Transfer Agents or Registrar
                  May Own Debt Securities....................35
     Section 6.05 Moneys to be Held in Trust.................35
     Section 6.06 Compensation and Expenses of Trustee.......35
     Section 6.07 Officers' Certificate as Evidence..........36
     Section 6.08 Eligibility of Trustee.....................37
     Section 6.09 Resignation or Removal of Trustee..........37
     Section 6.10 Acceptance by Successor Trustee............38
     Section 6.11 Succession by Merger, etc..................39
     Section 6.12 Authenticating Agents......................40

ARTICLE VII CONCERNING THE SECURITYHOLDERS...................41

     Section 7.01 Action by Securityholders..................41
     Section 7.02 Proof of Execution by Securityholders......41
     Section 7.03 Who Are Deemed Absolute Owners.............42
     Section 7.04 Debt Securities Owned by Company Deemed Not
                  Outstanding................................42
     Section 7.05 Revocation of Consents; Future Holders
                  Bound......................................42

ARTICLE VIII SECURITYHOLDERS' MEETINGS.......................43

      Section 8.01 Purposes of Meetings. ....................43
      Section 8.02 Call of Meetings by Trustee...............43
      Section 8.03 Call of Meetings by Company or
                   Securityholders...........................43
      Section 8.04 Qualifications for Voting.................44
      Section 8.05 Regulations...............................44
      Section 8.06 Voting. ..................................44
      Section 8.07 Quorum; Actions...........................45

ARTICLE IX SUPPLEMENTAL INDENTURES...........................46

      Section 9.01 Supplemental Indentures without Consent of
                   Securityholders...........................46
      Section 9.02 Supplemental Indentures with Consent of
                  Securityholders...........................47
      Section 9.03 Effect of Supplemental Indentures.........48

<PAGE>

      Section 9.04 Notation on Debt Securities...............48
      Section 9.05 Evidence of Compliance of
                   Supplemental Indenture to be Furnished
                   to Trustee...............................49

ARTICLE X REDEMPTION OF SECURITIES..........................49

      Section 10.01 Optional Redemption. ...................49
      Section 10.02 Special Event Redemption. ..............49
      Section 10.03 Notice of Redemption; Selection of
                    Debt Securities.........................49
      Section 10.04 Payment of Debt Securities Called for
                    Redemption..............................50

ARTICLE XI CONSOLIDATION, MERGER, SALE, CONVEYANCE
AND LEASE...................................................51

      Section 11.01 Company May Consolidate, etc., on
                    Certain Terms...........................51
      Section 11.02 Successor Entity to be Substituted......51
      Section 11.03 Opinion of Counsel to be Given to
                    Trustee.................................52

ARTICLE XII SATISFACTION AND DISCHARGE OF
INDENTURE...................................................52
      Section 12.01 Discharge of Indenture..................52
      Section 12.02 Deposited Moneys to be Held in
                    Trust by Trustee. ......................53
      Section 12.03 Paying Agent to Repay Money Held........53
      Section 12.04 Return of Unclaimed Moneys. ............53

ARTICLE XIII IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS
AND DIRECTORS.............. ................................54

      Section 13.01 Indenture and Debt Securities Solely
                   Corporate Obligations...................54

ARTICLE XIV MISCELLANEOUS PROVISIONS........................54

      Section 14.01 Successors. ............................54
      Section 14.02 Official Acts by Successor Entity.......54
      Section 14.03 Surrender of Company Powers.............54
      Section 14.04 Addresses for Notices, etc..............54
      Section 14.05 Governing Law...........................55
      Section 14.06 Evidence of Compliance with
                    Conditions Precedent....................55
      Section 14.07 Business Day Convention.................55
      Section 14.08 Table of Contents, Headings, etc........56
      Section 14.09 Execution in Counterparts...............56
      Section 14.10 Separability............................56
      Section 14.11 Assignment..............................56
      Section 14.12 Acknowledgment of Rights................56

ARTICLE XV SUBORDINATION OF DEBT SECURITIES.................57

      Section 15.01 Agreement to Subordinate................57

<PAGE>

      Section 15.02 Default on Senior Indebtedness..........57
      Section 15.03 Liquidation; Dissolution; Bankruptcy....57
      Section 15.04 Subrogation.............................59
      Section 15.05 Trustee to Effectuate Subordination.....60
      Section 15.06 Notice by the Company...................60
      Section 15.07 Rights of the Trustee; Holders of
                    Senior Indebtedness.....................60
      Section 15.08 Subordination May Not Be Impaired.......61

EXHIBITS
      EXHIBIT A   Form of Debt Security

<PAGE>

         THIS INDENTURE, dated as of October 14, 2004, between
Union National Financial Corporation, a bank holding company
incorporated in Pennsylvania (hereinafter sometimes called the
"Company"), and Wilmington Trust Company, a Delaware banking
corporation, as trustee (hereinafter sometimes called the
"Trustee").

                       W I T N E S S E T H :

         WHEREAS, for its lawful corporate purposes, the Company
has duly authorized the issuance of its Fixed/Floating Rate
Junior Subordinated Debt Securities due 2034 (the "Debt
Securities") under this Indenture and to provide, among other
things, for the execution and authentication, delivery and
administration thereof, the Company has duly authorized the
execution of this Indenture.

         NOW, THEREFORE, in consideration of the premises, and
the purchase of the Debt Securities by the holders thereof, the
Company covenants and agrees with the Trustee for the equal and
proportionate benefit of the respective holders from time to time
of the Debt Securities as follows:

                            ARTICLE I
                           DEFINITIONS

      Section 1.01   Definitions.

      The terms defined in this Section 1.01 (except as herein
otherwise expressly provided or unless the context otherwise
requires) for all purposes of this Indenture and of any indenture
supplemental hereto shall have the respective meanings specified
in this Section 1.01. All accounting terms used herein and not
expressly defined shall have the meanings assigned to such terms
in accordance with generally accepted accounting principles and
the term "generally accepted accounting principles" means such
accounting principles as are generally accepted in the United
States at the time of any computation. The words "herein,"
"hereof" and "hereunder" and other words of similar import refer
to this Indenture as a whole and not to any particular Article,
Section or other subdivision.

      "Additional Amounts" has the meaning set forth in Section
3.06."Additional Provisions" has the meaning set forth in Section
15.01.

      "Administrative Action" has the meaning specified within
the definition of "Tax Event" in this Section 1.01.

      "Authenticating Agent" means any agent or agents of the
Trustee which at the time shall be appointed and acting pursuant
to Section 6.12.

      "Bankruptcy Law" means Title 11, U.S. Code, or any similar
federal or state law for the relief of debtors.

      "Board of Directors" means the board of directors or the
executive committee or any other duly authorized designated
officers of the Company.

<PAGE>

      "Board Resolution" means a copy of a resolution certified
by the Secretary or an Assistant Secretary of the Company to have
been duly adopted by the Board of Directors and to
be in full force and effect on the date of such certification and
delivered to the Trustee.

      "Business Day" means any day other than a Saturday, Sunday
or any other day on which banking institutions in Wilmington,
Delaware, The City of New York or Harrisburg, Pennsylvania are
permitted or required by law or executive order to close.

      "Calculation Agent" means the Person identified as
"Trustee" in the first paragraph hereof with respect to the Debt
Securities and the Institutional Trustee with respect to the
Trust Securities.

      "Capital Securities" means undivided beneficial interests
in the assets of the Trust which are designated as "MMCapSSM" and
rank pari passu with Common Securities issued by the Trust;
provided, however, that if an Event of Default (as defined in the
Declaration) has occurred and is continuing, the rights of
holders of such Common Securities to payment in respect of
distributions and payments upon liquidation, redemption and
otherwise are subordinated to the rights of holders of such
Capital Securities.

      "Capital Securities Guarantee" means the guarantee
agreement that the Company will enter into with Wilmington Trust
Company or other Persons that operates directly or indirectly for
the benefit of holders of Capital Securities of the Trust.

      "Capital Treatment Event" means, if the Company is
organized and existing under the laws of the United States or any
state thereof or the District of Columbia, the receipt by the
Company and the Trust of an Opinion of Counsel experienced in
such matters to the effect that, as a result of any amendment to,
or change in, the laws, rules or regulations of the United States
or any political subdivision thereof or therein, or as the result
of any official or administrative pronouncement or action or
decision interpreting or applying such laws, rules or
regulations, which amendment or change is effective or which
pronouncement, action or decision is announced on or after the
date of original issuance of the Debt Securities, there is more
than an insubstantial risk that the Company will not, within 90
days of the date of such opinion, be entitled to treat an amount
equal to the aggregate Liquidation Amount of the Capital
Securities as "Tier 1 Capital" (or the then equivalent thereof)
for purposes of the capital adequacy guidelines of the Federal
Reserve (or any successor regulatory authority with jurisdiction
over bank holding companies), as then in effect and applicable to
the Company; provided, however, that the inability of the Company
to treat all or any portion of the aggregate Liquidation Amount
of the Capital Securities as "Tier 1 Capital" shall not
constitute the basis for a Capital Treatment Event if such
inability results from the Company having cumulative preferred
stock, minority interests in consolidated subsidiaries and any
other class of security or interest which the Federal Reserve
(or any successor regulatory authority with jurisdiction over
bank holding companies) may now or hereafter accord "Tier 1
Capital" treatment that, in the aggregate, exceed the amount
which may now or hereafter qualify for treatment as "Tier 1
Capital" under applicable capital adequacy guidelines of the
Federal Reserve (or any successor regulatory authority with
jurisdiction over bank holding companies); provided, further,
that the distribution of the Debt Securities in connection with
the liquidation of the Trust by the Company shall not in and of
itself constitute a Capital Treatment Event unless such
liquidation shall have occurred in connection with a Tax

<PAGE>

Event or an Investment Company Event. For the avoidance of doubt,
the adoption by the Board of Governors of the Federal Reserve
System as a final rule of any of the proposals set forth in its
notice of proposed rulemaking dated May 6, 2004, shall not
constitute a Capital Treatment Event.

      "Certificate" means a certificate signed by any one of the
principal executive officer, the principal financial officer or
the principal accounting officer of the Company.

      "Code" means the Internal Revenue Code of 1986, as amended.

      "Common Securities" means undivided beneficial interests in
the assets of the Trust which are designated as "Common
Securities" and rank pari passu with Capital Securities
issued by the Trust; provided, however, that if an Event of
Default (as defined in the Declaration) has occurred and is
continuing, the rights of holders of such Common Securities to
payment in respect of distributions and payments upon
liquidation, redemption and otherwise are subordinated to the
rights of holders of such Capital Securities.

      "Company" means Union National Financial Corporation, a
bank holding company incorporated in Pennsylvania, and, subject
to the provisions of Article XI, shall include its successors and
assigns.

      "Debt Security" or "Debt Securities" has the meaning stated
in the first recital of this Indenture.

      "Debt Security Register" has the meaning specified in
Section 2.05.

      "Declaration" means the Amended and Restated Declaration of
Trust of the Trust, dated as of October 14, 2004, as amended or
supplemented from time to time.

      "Default" means any event, act or condition that with
notice or lapse of time, or both, would constitute an Event of
Default.

      "Defaulted Interest" has the meaning set forth in Section
2.08.

      "Deferred Interest" has the meaning set forth in Section
2.11.

      "Event of Default" means any event specified in Section
5.01, which has continued for the period of time, if any, and
after the giving of the notice, if any, therein designated.

      "Exchange Act" means the Securities Exchange Act of 1934,
as amended.

      "Extension Period" has the meaning set forth in Section
2.11.

      "Federal Reserve" means the Board of Governors of the
Federal Reserve System.

      "Indenture" means this Indenture as originally executed or,
if amended or supplemented as herein provided, as so amended or
supplemented, or both.

<PAGE>

      "Institutional Trustee" has the meaning set forth in the
Declaration.

      "Interest Payment Date" means February 23, May 23, August
23 and November 23 of each year, commencing on November 23, 2004,
subject to Section 14.07.

      "Interest Period" has the meaning set forth in Section
2.08.

      "Interest Rate" means, a per annum rate of interest equal
to (1) with respect to any Interest Period prior to the Interest
Period commencing on the Interest Payment Date in November 23,
2007, 5.28% and (2) with respect to any Interest Period
commencing on or after the Interest Payment Date in November 23,
2007, LIBOR, as determined on the LIBOR Determination Date for
such Interest Period plus 2.00%; provided, however, that the
Interest Rate for any Interest Period commencing on or after the
Interest Payment Date in November 23, 2007 may not exceed the
highest rate permitted by New York law, as the same may be
modified by United States law of general application.

      "Investment Company Event" means the receipt by the Company
and the Trust of an Opinion of Counsel experienced in such
matters to the effect that, as a result of a change in
law or regulation or written change in interpretation or
application of law or regulation by any legislative body, court,
governmental agency or regulatory authority, there is more than
an insubstantial risk that the Trust is or, within 90 days of the
date of such opinion will be, considered an "investment company"
that is required to be registered under the Investment
Company Act of 1940, as amended, which change becomes effective
on or after the date of the original issuance of the Debt
Securities.

      "LIBOR" means the London Interbank Offered Rate for
three-month U.S. Dollar deposits in Europe as determined by the
Calculation Agent according to Section 2.10(b).

      "LIBOR Banking Day" has the meaning set forth in Section
2.10(b)(i).

      "LIBOR Business Day" has the meaning set forth in Section
2.10(b)(i).

      "LIBOR Determination Date" has the meaning set forth in
Section 2.10(b)(i).

      "Liquidation Amount" means the liquidation amount of $1,000
per Trust Security.

      "Maturity Date" means November 23, 2034, subject to Section
14.07.

      "Officers' Certificate" means a certificate signed by the
Chairman of the Board, the Vice Chairman, the President or any
Vice President, and by the Chief Financial Officer, the
Treasurer, an Assistant Treasurer, the Comptroller, an Assistant
Comptroller, the Secretary or an Assistant Secretary of the
Company, and delivered to the Trustee. Each such certificate
shall include the statements provided for in Section 14.06 if and
to the extent required by the provisions of such Section.

      "Opinion of Counsel" means an opinion in writing signed by
legal counsel, who may be an employee of or counsel to the
Company or may be other counsel reasonably

<PAGE>

satisfactory to the Trustee. Each such opinion shall include the
statements provided for in Section 14.06 if and to the extent
required by the provisions of such Section.

      The term "outstanding," when used with reference to Debt
Securities, subject to the provisions of Section 7.04, means, as
of any particular time, all Debt Securities authenticated
and delivered by the Trustee or the Authenticating Agent under
this Indenture, except

     (a) Debt Securities theretofore canceled by the Trustee or
the Authenticating Agent or delivered to the Trustee for
cancellation;

     (b) Debt Securities, or portions thereof, for the payment or
redemption of which moneys in the necessary amount shall have
been deposited in trust with the Trustee or with any Paying Agent
(other than the Company) or shall have been set aside and
segregated in trust by the Company (if the Company shall act as
its own Paying Agent); provided, that, if such Debt Securities,
or portions thereof, are to be redeemed prior to maturity
thereof, notice of such redemption shall have been given as
provided in Articles X and XIV or provision satisfactory to the
Trustee shall have been made for giving such notice; and

     (c) Debt Securities paid pursuant to Section 2.06 or in lieu
of or in substitution for which other Debt Securities shall have
been authenticated and delivered pursuant to the terms of Section
2.06 unless proof satisfactory to the Company and the Trustee is
presented that any such Debt Securities are held by bona fide
holders in due course.

     "Optional Redemption Date" has the meaning set forth in
Section 10.01.

     "Optional Redemption Price" means an amount in cash equal to
100% of the principal amount of the Debt Securities being
redeemed plus unpaid interest accrued on such Debt Securities to
the related Optional Redemption Date.

     "Paying Agent" has the meaning set forth in Section 3.04(e).

     "Person" means a legal person, including any individual,
corporation, estate, partnership, joint venture, association,
joint-stock company, limited liability company, trust,
unincorporated association, or government or any agency or
political subdivision thereof, or any other entity of whatever
nature.

     "Predecessor Security" of any particular Debt Security means
every previous Debt Security evidencing all or a portion of the
same debt as that evidenced by such particular Debt Security;
and, for the purposes of this definition, any Debt Security
authenticated and delivered under Section 2.06 in lieu of a lost,
destroyed or stolen Debt Security shall be deemed
to evidence the same debt as the lost, destroyed or stolen Debt
Security.

     "Principal Office of the Trustee" means the office of the
Trustee at which at any particular time its corporate trust
business shall be principally administered, which at all times
shall be located within the United States and at the time of the
execution of this Indenture shall be Rodney Square North, 1100
North Market Street, Wilmington, DE 19890-0001.

     "Reference Banks" has the meaning set forth in Section
2.10(b)(ii).

<PAGE>

     "Resale Restriction Termination Date" means, with respect to
any Debt Security, the date which is the later of (i) two years
(or such shorter period of time as permitted by Rule
144(k) under the Securities Act) after the later of (y) the date
of original issuance of such Debt Security and (z) the last date
on which the Company or any Affiliate (as defined in Rule 405
under the Securities Act) of the Company was the holder of such
Debt Security (or any predecessor thereto) and (ii) such later
date, if any, as may be required by any subsequent change
in applicable law.

     "Responsible Officer" means, with respect to the Trustee,
any officer within the Principal Office of the Trustee with
direct responsibility for the administration of the Indenture,
including any vice-president, any assistant vice-president, any
secretary, any assistant secretary, the treasurer, any assistant
treasurer, any trust officer or other officer of the Principal
Office of the Trustee customarily performing functions similar to
those performed by any of the above designated officers and also
means, with respect to a particular corporate trust matter, any
other officer to whom such matter is referred because of that
officer's knowledge of and familiarity with the particular
subject.

     "Securities Act" means the Securities Act of 1933, as
amended.

     "Securityholder," "holder of Debt Securities" or other
similar terms, means any Person in whose name at the time a
particular Debt Security is registered on the Debt Security
Register.

     "Senior Indebtedness" means, with respect to the Company,
(i) the principal, premium, if any, and interest in respect of
(A) indebtedness of the Company for money borrowed, similar
obligations arising from off-balance sheet guarantees and direct
credit substitutes and (B) indebtedness evidenced by securities,
debentures, notes, bonds or other similar instruments issued by
the Company, (ii) all capital lease obligations of the Company,
(iii)all obligations of the Company issued or assumed as the
deferred purchase price of property, all conditional sale
obligations of the Company and all obligations of the Company
under any title retention agreement (but excluding trade accounts
payable arising in the ordinary course of business), (iv) all
obligations of the Company for the reimbursement of any letter of
credit, any banker's acceptance, any security purchase facility,
any repurchase agreement or similar arrangement, all obligations
associated with derivative products such as interest rate and
foreign exchange contracts and commodity contracts, any interest
rate swap, any other hedging arrangement, any obligation under
options or any similar credit or other transaction, (v) all
obligations of the type referred to in clauses (i) through (iv)
above of other Persons for the
payment of which the Company is responsible or liable as obligor,
guarantor or otherwise and (vi) all obligations of the type
referred to in clauses (i) through (v) above of other Persons
secured by any lien on any property or asset of the Company
(whether or not such obligation is assumed by the Company),
whether incurred on or prior to the date of this Indenture or
thereafter incurred, unless, with the prior approval of the
Federal Reserve if not otherwise generally
approved, it is provided in the instrument creating or evidencing
the same or pursuant to which the same is outstanding that such
obligations are not superior or are pari passu in right of
payment to the Debt Securities; provided, however, that Senior
Indebtedness shall not include (A) any debt securities issued to
any trust other than the Trust (or a trustee of such trust) that
is a financing vehicle of the Company (a "financing entity"), in
connection with the issuance by such

<PAGE>

financing entity of equity or other securities in transactions
substantially similar in structure to the transactions
contemplated hereunder and in the Declaration or
(B) any guarantees of the Company in respect of the equity or
other securities of any financing entity referred to in clause
(A) above.

     "Special Event" means any of a Tax Event, an Investment
Company Event or a Capital Treatment Event.

     "Special Redemption Date" has the meaning set forth in
Section 10.02.

     "Special Redemption Price" means, with respect to the
redemption of any Debt Security following a Special Event, an
amount in cash equal to 104.00% of the principal amount of Debt
Securities to be redeemed prior to November 23, 2005 and
thereafter equal to the percentage of the principal amount of the
Debt Securities that is specified below for the Special
Redemption Date plus, in each case, unpaid interest accrued
thereon to the Special Redemption Date:

<PAGE>
<TABLE>
<CAPTION>
Special Redemption During the 12-Month           Percentage of
    Period Beginning November 23,               Principal Amount
    _____________________________               ________________
           <S>                                           <C>
          2005                                        103.20%
          2006                                        102.40%
          2007                                        101.60%
          2008                                        100.84%
          2009 and thereafter                         100.00%
</TABLE>

     "Subsidiary" means, with respect to any Person, (i) any
corporation, at least a majority of the outstanding voting stock
of which is owned, directly or indirectly, by such Person
or one or more of its Subsidiaries or by such Person and one or
more of its Subsidiaries, (ii) any general partnership, joint
venture or similar entity, at least a majority of the outstanding
partnership or similar interests of which shall at the time be
owned by such Person or one or more of its Subsidiaries or by
such Person and one or more of its Subsidiaries, and (iii) any
limited partnership of which such Person or any of its
Subsidiaries is a general partner. For the
purposes of this definition, "voting stock" means shares,
interests, participations or other equivalents in the equity
interest (however designated) in such Person having ordinary
voting power for the election of a majority of the directors (or
the equivalent) of such Person, other than shares, interests,
participations or other equivalents having such power only by
reason of the occurrence of a contingency.

     "Tax Event" means the receipt by the Company and the Trust
of an Opinion of Counsel experienced in such matters to the
effect that, as a result of any amendment to or change (including
any announced prospective change) in the laws or any regulations
thereunder of the United States or any political subdivision or
taxing authority thereof or therein, or as a result of any
official administrative pronouncement (including any private
letter ruling, technical advice memorandum, regulatory procedure,
notice or announcement (an "Administrative Action")) or judicial
decision interpreting or applying such laws or regulations,
regardless of whether such Administrative Action or judicial
decision is issued to or in connection with a proceeding
involving the Company or the Trust and whether or not subject to
review or appeal, which amendment, clarification, change,
Administrative Action or decision is enacted, promulgated or
announced, in each case on or after the date of original issuance
of the Debt Securities, there is more than an insubstantial risk
that: (i) the Trust is, or will be within 90 days of the date of
such opinion, subject to United States federal income tax with
respect to income received or accrued
on the Debt Securities; (ii) if the Company is organized and
existing under the laws of the United States or any state thereof
or the District of Columbia, interest payable by the Company on
the Debt Securities is not, or within 90 days of the date of such
opinion, will not be, deductible by the Company, in whole or in
part, for United States federal income tax purposes; or (iii) the
Trust is, or will be within 90 days of the date of such opinion,
subject to or otherwise required to pay, or required to withhold
from distributions to holders of Trust Securities, more than a de
minimis

<PAGE>

amount of other taxes (including withholding taxes), duties,
assessments or other governmental charges.

     "Trust" means Union National Capital Trust II, the Delaware
statutory trust, or any other similar trust created for the
purpose of issuing Capital Securities in connection with the
issuance of Debt Securities under this Indenture, of which the
Company is the sponsor.

     "Trust Indenture Act" means the Trust Indenture Act of 1939,
as amended from time to time, or any successor legislation.

     "Trust Securities" means Common Securities and Capital
Securities of the Trust.

     "Trustee" means the Person identified as "Trustee" in the
first paragraph hereof, and, subject to the provisions of Article
VI hereof, shall also include its successors and assigns as
Trustee hereunder.

     "United States" means the United States of America and the
District of Columbia.

     "U.S. Person" has the meaning given to United States Person
as set forth in Section 7701(a)(30) of the Code.

                               ARTICLE II
                            DEBT SECURITIES

     Section 2.01 Authentication and Dating.
                  _________________________

     Upon the execution and delivery of this Indenture, or from
time to time thereafter, Debt Securities in an aggregate
principal amount not in excess of $3,093,000 may be executed and
delivered by the Company to the Trustee for authentication, and
the Trustee shall thereupon authenticate and make available for
delivery said Debt Securities to or upon the written order of
the Company, signed by its Chairman of the Board of Directors,
Vice Chairman, President or Chief Financial Officer or one of its
Vice Presidents, without any further action by the Company
hereunder. In authenticating such Debt Securities, and accepting
the additional responsibilities under this Indenture in relation
to such Debt Securities, the Trustee shall be entitled to
receive, and (subject to Section 6.01) shall be fully protected
in relying upon a copy of any Board Resolution or Board
Resolutions relating thereto and, if applicable, an appropriate
record of any action taken pursuant to such resolution, in each
case certified by the Secretary or an Assistant Secretary or
other officers with appropriate delegated authority of the
Company as the case may be.

     The Trustee shall have the right to decline to authenticate
and deliver any Debt Securities under this Section if the
Trustee, being advised by counsel, determines that such action
may not lawfully be taken or if a Responsible Officer of the
Trustee in good faith shall determine that such action would
expose the Trustee to personal liability to existing
Securityholders.

     The definitive Debt Securities shall be typed, printed,
lithographed or engraved on steel engraved borders or may be
produced in any other manner, all as determined by the officers
executing such Debt Securities, as evidenced by their execution
of such Debt Securities.

<PAGE>

     Section 2.02 Form of Trustee's Certificate of
                  ________________________________
                  Authentication.
                  _______________

     The Trustee's certificate of authentication on all Debt
Securities shall be in substantially the following form:
This is one of the Debt Securities referred to in the
within-mentioned Indenture.

                                    Wilmington Trust Company,
                                       not in its individual
                                       capacity but solely as
                                       trustee

                                    By:_______________________
                                       Authorized Officer

     Section 2.03 Form and Denomination of Debt Securities.
                  ________________________________________
     The Debt Securities shall be substantially in the form of
Exhibit A hereto. The Debt Securities shall be in registered,
certificated form without coupons and in minimum denominations of
$100,000 and any multiple of $1,000 in excess thereof. The Debt
Securities shall be numbered, lettered, or otherwise
distinguished in such manner or in accordance with such plans as
the officers executing the same may determine with the approval
of the Trustee as evidenced by the execution and authentication
thereof.

     Section 2.04 Execution of Debt Securities.
                  ____________________________

     The Debt Securities shall be signed in the name and on
behalf of the Company by the manual or facsimile signature of its
Chairman of the Board of Directors, Vice Chairman, President or
Chief Financial Officer or one of its Executive Vice Presidents,
Senior Vice Presidents or Vice Presidents, under its corporate
seal (if legally required) which may be affixed thereto or
printed, engraved or otherwise reproduced thereon, by facsimile
or otherwise, and which need not be attested. Only such Debt
Securities as shall bear thereon a certificate of authentication
substantially in the form herein before recited, executed by the
Trustee or the Authenticating Agent by the manual signature of an
authorized officer, shall be entitled to the benefits of this
Indenture or be valid or obligatory for any purpose. Such
certificate by the Trustee or the Authenticating Agent upon any
Debt Security executed by the Company shall be conclusive
evidence that the Debt Security so authenticated has been duly
authenticated and delivered hereunder and that the holder is
entitled to the benefits of this Indenture. In case any officer
of the Company who shall have signed any of the Debt
Securities shall cease to be such officer before the Debt
Securities so signed shall have been authenticated and delivered
by the Trustee or the Authenticating Agent, or disposed of by the
Company, such Debt Securities nevertheless may be authenticated
and delivered or disposed of as though the Person who signed such
Debt Securities had not ceased to be such officer of the Company;
and any Debt Security may be signed on behalf of the Company by
such Persons as, at the actual date of the execution of such Debt
Security, shall be the proper officers of the Company, although
at the date of the execution of this Indenture any such person
was not such an officer.

<PAGE>

Every Debt Security shall be dated the date of its
authentication.

     Section 2.05 Exchange and Registration of Transfer of Debt
                  _____________________________________________
                  Securities.
                  ____________

     The Company shall cause to be kept, at the office or agency
maintained for the purpose of registration of transfer and for
exchange as provided in Section 3.02, a register (the "Debt
Security Register") for the Debt Securities issued hereunder in
which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration and
transfer of all Debt Securities as provided in this Article II.
Such register shall be in written form or in any other form
capable of being converted into written form within a reasonable
time.

     Debt Securities to be exchanged may be surrendered at the
Principal Office of the Trustee or at any office or agency to be
maintained by the Company for such purpose as provided in Section
3.02, and the Company shall execute, the Company or the Trustee
shall register and the Trustee or the Authenticating Agent shall
authenticate and make available for delivery in exchange
therefor, the Debt Security or Debt Securities which the
Securityholder making the exchange shall be entitled to receive.
Upon due presentment for registration of transfer of any Debt
Security at the Principal Office of the Trustee or at any office
or agency of the Company maintained for such purpose as provided
in Section 3.02, the Company shall execute, the Company or the
Trustee shall register and the Trustee or the Authenticating
Agent shall authenticate and make available for delivery in the
name of the transferee or transferees, a
new Debt Security for a like aggregate principal amount.
Registration or registration of transfer of any Debt Security by
the Trustee or by any agent of the Company appointed pursuant to
Section 3.02, and delivery of such Debt Security, shall be deemed
to complete the registration or registration of transfer of such
Debt Security.

     All Debt Securities presented for registration of transfer
or for exchange or payment shall (if so required by the Company
or the Trustee or the Authenticating Agent) be duly endorsed by,
or be accompanied by, a written instrument or instruments of
transfer in form satisfactory to the Company and either the
Trustee or the Authenticating Agent duly executed by, the holder
or such holder's attorney duly authorized in writing.

     No service charge shall be made for any exchange or
registration of transfer of Debt Securities, but the Company or
the Trustee may require payment of a sum sufficient to cover any
tax, fee or other governmental charge that may be imposed in
connection therewith other than exchanges pursuant to Section
2.07, Section 9.04 or Section 10.04 not involving any transfer.

     The Company or the Trustee shall not be required to exchange
or register a transfer of any Debt Security for a period of 15
days immediately preceding the date of selection of Debt
Securities for redemption.

     Notwithstanding the foregoing, Debt Securities may not be
transferred prior to the Resale Restriction Termination Date
except in compliance with the legend set forth below, unless
otherwise determined by the Company in accordance with applicable
law, which legend shall be placed on each Debt Security:

<PAGE>

     THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY
STATE SECURITIES LAWS OR ANY OTHER APPLICABLE SECURITIES LAWS.
NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN
MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT
SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.
THE HOLDER OF THIS SECURITY OR ANY INTEREST OR PARTICIPATION
HEREIN, BY ITS ACCEPTANCE HEREOF OR THEREOF, AS THE CASE MAY BE,
AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY OR ANY
INTEREST OR PARTICIPATION HEREIN PRIOR TO THE DATE WHICH IS THE
LATER OF (i) TWO YEARS (OR SUCH SHORTER PERIOD OF TIME AS
PERMITTED BY RULE 144(k) UNDER THE SECURITIES ACT) AFTER THE
LATER OF (Y) THE DATE OF ORIGINAL ISSUANCE HEREOF AND (Z) THE
LAST DATE ON WHICH THE COMPANY OR ANY AFFILIATE (AS DEFINED IN
RULE 405 UNDER THE SECURITIES ACT) OF THE COMPANY WAS THE HOLDER
OF THIS SECURITY OR SUCH INTEREST OR PARTICIPATION (OR ANY
PREDECESSOR THERETO) AND (ii) SUCH LATER DATE, IF ANY, AS MAY BE
REQUIRED BY ANY SUBSEQUENT CHANGE IN APPLICABLE LAW, ONLY (A) TO
THE COMPANY, (B) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT
("RULE 144A"), TO A PERSON THE HOLDER REASONABLY BELIEVES IS A
"QUALIFIED INSTITUTIONAL BUYER", AS DEFINED IN RULE 144A, THAT
PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS
BEING MADE IN RELIANCE ON RULE 144A, (C) PURSUANT TO AN EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT TO AN
"ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (a) (1),
(2), (3), (7) OR (8) OF RULE 501 UNDER THE SECURITIES ACT THAT IS
ACQUIRING THIS SECURITY OR SUCH INTEREST OR PARTICIPATION FOR ITS
OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN ACCREDITED INVESTOR,
FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR
SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE
SECURITIES ACT, (D) PURSUANT TO OFFERS AND SALES TO NON-US
PERSONS THAT OCCUR OUTSIDE THE UNITED STATES PURSUANT TO
REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANOTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT, SUBJECT TO THE COMPANY'S RIGHT PRIOR TO ANY SUCH
OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (C) OR (E) ABOVE TO
REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION
AND/OR OTHER INFORMATION SATISFACTORY TO IT IN ACCORDANCE WITH
THE INDENTURE, A COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY.
THE HOLDER OF THIS SECURITY OR ANY INTEREST OR PARTICIPATION
HEREIN, BY ITS ACCEPTANCE HEREOF OR THEREOF, AS THE CASE MAY BE,
AGREES THAT IT WILL COMPLY WITH THE FOREGOING RESTRICTIONS.

<PAGE>

     THE HOLDER OF THIS SECURITY OR ANY INTEREST OR PARTICIPATION
HEREIN, BY ITS ACCEPTANCE HEREOF OR THEREOF, AS THE CASE MAY BE,
ALSO AGREES, REPRESENTS AND WARRANTS THAT IT IS NOT AN EMPLOYEE
BENEFIT, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER PLAN OR
ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF
THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE") (EACH
A "PLAN"), OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE "PLAN
ASSETS" BY REASON OF ANY PLAN'S INVESTMENT IN THE ENTITY AND NO
PERSON INVESTING "PLAN ASSETS" OF ANY PLAN MAY ACQUIRE OR HOLD
THIS SECURITY OR ANY INTEREST OR PARTICIPATION HEREIN, UNLESS
SUCH PURCHASER OR HOLDER IS ELIGIBLE FOR THE EXEMPTIVE RELIEF
AVAILABLE UNDER U.S. DEPARTMENT OF LABOR PROHIBITED TRANSACTION
CLASS EXEMPTION 96-23, 95-60, 91-38, 90-1 OR 84-14 OR ANOTHER
APPLICABLE EXEMPTION OR ITS PURCHASE AND HOLDING OF THIS SECURITY
OR SUCH INTEREST OR PARTICIPATION IS NOT PROHIBITED BY SECTION
406 OF ERISA OR SECTION 4975 OF THE CODE WITH RESPECT TO
SUCH PURCHASE OR HOLDING. ANY PURCHASER OR HOLDER OF THIS
SECURITY OR ANY INTEREST OR PARTICIPATION HEREIN WILL BE DEEMED
TO HAVE REPRESENTED BY ITS PURCHASE AND HOLDING HEREOF OR
THEREOF, AS THE CASE MAY BE, THAT EITHER (i) IT IS NOT AN
EMPLOYEE BENEFIT PLAN WITHIN THE MEANING OF SECTION 3(3) OF
ERISA, OR A PLAN TO WHICH SECTION 4975 OF THE CODE IS APPLICABLE,
A TRUSTEE OR OTHER PERSON ACTING ON BEHALF OF AN EMPLOYEE BENEFIT
PLAN OR PLAN, OR ANY OTHER PERSON OR ENTITY USING THE ASSETS OF
ANY EMPLOYEE BENEFIT PLAN OR PLAN TO FINANCE SUCH PURCHASE, OR
(ii) SUCH PURCHASE AND HOLDING WILL NOT RESULT IN A PROHIBITED
TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE
CODE FOR WHICH THERE IS NO APPLICABLE STATUTORY OR ADMINISTRATIVE
EXEMPTION.

     IN CONNECTION WITH ANY TRANSFER, THE HOLDER OF THIS SECURITY
WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH
CERTIFICATES AND OTHER INFORMATION AS MAY BE REQUIRED BY THE
INDENTURE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE
FOREGOING RESTRICTIONS.

     THIS SECURITY WILL BE ISSUED AND MAY BE TRANSFERRED ONLY IN
MINIMUM DENOMINATIONS OF $100,000 AND MULTIPLES OF $1,000 IN
EXCESS THEREOF. ANY ATTEMPTED TRANSFER OF THIS SECURITY IN
DENOMINATIONS OF LESS THAN $100,000 SHALL BE DEEMED TO BE VOID
AND OF NO LEGAL EFFECT WHATSOEVER. ANY SUCH PURPORTED
TRANSFEREESHALL BE DEEMED NOT TO BE THE HOLDER OF THIS SECURITY
OR ANY INTEREST OR PARTICIPATION HEREIN FOR ANY PURPOSE,
INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON
THIS SECURITY OR SUCH INTEREST OR PARTICIPATION, AND SUCH
PURPORTED TRANSFEREE

<PAGE>

SHALL BE DEEMED TO HAVE NO INTEREST WHATSOEVER IN THIS SECURITY
OR ANY INTEREST OR PARTICIPATION HEREIN. THIS OBLIGATION IS NOT A
DEPOSIT AND IS NOT INSURED BY THE UNITED STATES OR ANY AGENCY OR
FUND OF THE UNITED STATES, INCLUDING THE FEDERAL DEPOSIT
INSURANCE CORPORATION (THE "FDIC").

     THIS OBLIGATION IS SUBORDINATED TO THE CLAIMS OF THE
DEPOSITORS AND THE CLAIMS OF GENERAL AND SECURED CREDITORS OF THE
COMPANY, IS INELIGIBLE AS COLLATERAL FOR A LOAN BY THE COMPANY OR
ANY OF ITS SUBSIDIARIES AND IS NOT SECURED.

     Section 2.06 Mutilated, Destroyed, Lost or Stolen Debt
                  _________________________________________
                  Securities.
                  ___________
     In case any Debt Security shall become mutilated or be
destroyed, lost or stolen, the Company shall execute, and upon
its written request the Trustee shall authenticate and
deliver, a new Debt Security bearing a number not
contemporaneously outstanding, in exchange and substitution for
the mutilated Debt Security, or in lieu of and in substitution
for the Debt Security so destroyed, lost or stolen. In every case
the applicant for a substituted Debt Security shall furnish to
the Company and the Trustee such security or indemnity as may be
required by them to save each of them harmless, and, in every
case of destruction, loss or theft, the applicant shall also
furnish to the Company and the Trustee evidence to their
satisfaction of the destruction, loss or theft of such Debt
Security and of the ownership thereof.

     The Trustee may authenticate any such substituted Debt
Security and deliver the same upon the written request or
authorization of any officer of the Company. Upon the
issuance of any substituted Debt Security, the Company may
require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and
any other expenses connected therewith. In case any Debt Security
which has matured or is about to mature or has been called for
redemption in full shall become mutilated or be destroyed, lost
or stolen, the Company may, instead of issuing a substitute Debt
Security, pay or authorize the payment of the same (without
surrender thereof except in the case of a mutilated Debt
Security) if the applicant for such payment shall furnish to the
Company and the Trustee such security or indemnity as may be
required by them to save each of them harmless and, in case of
destruction, loss or theft, evidence satisfactory to the Company
and to the Trustee of the
destruction, loss or theft of such Security and of the ownership
thereof.

     Every substituted Debt Security issued pursuant to the
provisions of this Section 2.06 by virtue of the fact that any
such Debt Security is destroyed, lost or stolen shall constitute
an additional contractual obligation of the Company, whether or
not the destroyed, lost or stolen Debt Security shall be found at
any time, and shall be entitled to all the benefits of this
Indenture equally and proportionately with any and all other Debt
Securities duly issued hereunder. All Debt Securities shall be
held and owned upon the express condition that, to the extent
permitted by applicable law, the foregoing provisions are
exclusive with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Debt Securities and shall
preclude any and all other rights or remedies notwithstanding any
law or statute existing or hereafter enacted to the contrary with
respect to the replacement or payment of negotiable instruments
or other securities without their surrender.

<PAGE>

     Section 2.07 Temporary Debt Securities.
                  __________________________
     Pending the preparation of definitive Debt Securities, the
Company may execute and the Trustee shall authenticate and make
available for delivery temporary Debt Securities that
are typed, printed or lithographed. Temporary Debt Securities
shall be issuable in any authorized denomination, and
substantially in the form of the definitive Debt Securities but
with such omissions, insertions and variations as may be
appropriate for temporary Debt Securities, all as
may be determined by the Company. Every such temporary Debt
Security shall be executed by the Company and be authenticated by
the Trustee upon the same conditions and in substantially
the same manner, and with the same effect, as the definitive Debt
Securities. Without unreasonable delay, the Company will execute
and deliver to the Trustee or the Authenticating
Agent definitive Debt Securities and thereupon any or all
temporary Debt Securities may be surrendered in exchange
therefor, at the Principal Office of the Trustee or at any office
or agency maintained by the Company for such purpose as provided
in Section 3.02, and the Trustee or the
Authenticating Agent shall authenticate and make available for
delivery in exchange for such temporary Debt Securities a like
aggregate principal amount of such definitive Debt Securities.
Such exchange shall be made by the Company at its own expense and
without any charge therefor except that in case of any such
exchange involving a registration of transfer the Company may
require payment of a sum sufficient to cover any tax, fee or
other governmental charge that may be imposed in relation
thereto. Until so exchanged, the temporary Debt Securities shall
in all respects be entitled to the same benefits under this
Indenture as definitive Debt Securities authenticated and
delivered hereunder.

      Section 2.08 Payment of Interest.
                   ___________________
      Each Debt Security will bear interest at the then
applicable Interest Rate (i) in the case of the initial Interest
Period, for the period from, and including, the date of original
issuance of such Debt Security to, but excluding, the initial
Interest Payment Date and (ii) thereafter, for the period from,
and including, the first day following the end of the preceding
Interest Period to, but excluding, the applicable Interest
Payment Date or, in the case of the last Interest Period, the
related Optional Redemption Date, Special Redemption Date or
Maturity Date, as applicable (each such period, an "Interest
Period"), on the principal thereof, on any overdue principal and
(to the extent that payment of such interest is enforceable under
applicable law) on Deferred Interest and on any overdue
installment of interest (including Defaulted Interest), payable
(subject to the provisions of Article XII) on each Interest
Payment Date and on the Maturity Date, any Optional Redemption
Date or the Special Redemption Date, as the case may be.
Interest and any Deferred Interest on any Debt Security that is
payable, and is punctually paid or duly provided for by the
Company, on any Interest Payment Date shall be paid to the Person
in whose name such Debt Security (or one or more Predecessor
Securities) is registered at the close of business on the regular
record date for such interest installment, except that interest
and any Deferred Interest payable on the Maturity Date, any
Optional Redemption Date or the Special Redemption Date, as the
case may be, shall be paid to the Person to whom principal is
paid. In case (i) the Maturity Date of any Debt Security or (ii)
any Debt Security or portion thereof is
called for redemption and the related Optional Redemption Date or
the Special Redemption Date, as the case may be, is subsequent to
the regular record date with respect to any Interest Payment Date
and prior to such Interest Payment Date, interest on such Debt
Security will be paid upon presentation and surrender of such
Debt Security.

<PAGE>

     Any interest on any Debt Security, other than Deferred
Interest, that is payable, but is not punctually paid or duly
provided for by the Company, on any Interest Payment Date
(herein called "Defaulted Interest") shall forthwith cease to be
payable to the holder on the relevant regular record date by
virtue of having been such holder, and such Defaulted Interest
shall be paid by the Company to the Persons in whose names such
Debt Securities (or their respective Predecessor Securities) are
registered at the close of business on a special record date
for the payment of such Defaulted Interest, which shall be fixed
in the following manner: the Company shall notify the Trustee in
writing of the amount of Defaulted Interest proposed to be
paid on each such Debt Security and the date of the proposed
payment, and at the same time the Company shall deposit with the
Trustee an amount of money equal to the aggregate amount
proposed to be paid in respect of such Defaulted Interest or
shall make arrangements reasonably satisfactory to the Trustee
for such deposit prior to the date of the proposed payment, such
money when deposited to be held in trust for the benefit of the
Persons entitled to such Defaulted Interest as provided in this
paragraph. Thereupon the Trustee shall fix a special record date
for the payment of such Defaulted Interest, which shall not be
more than fifteen nor less than ten days prior to the date of the
proposed payment and not less than ten days after the receipt by
the Trustee of the notice of the proposed payment. The Trustee
shall promptly notify the Company of such special record date
and, in the name and at the expense of the Company, shall cause
notice of the proposed payment of such Defaulted Interest and the
special record date therefor to be mailed, first class postage
prepaid, to each Securityholder at his or her address as it
appears in the Debt Security Register, not less than ten days
prior to such special record date. Notice of the proposed payment
of such Defaulted Interest and the special record date therefor
having been mailed as aforesaid, such Defaulted Interest shall be
paid to the Persons in whose names such Debt Securities (or their
respective Predecessor Securities) are registered on such special
record date and thereafter the Company shall have no further
payment obligation in respect of the Defaulted Interest.

     Any interest scheduled to become payable on an Interest
Payment Date occurring during an Extension Period shall not be
Defaulted Interest and shall be payable on such other date as may
be specified in the terms of such Debt Securities.

     The term "regular record date", as used in this Section,
shall mean the fifteenth day prior to the applicable Interest
Payment Date, whether or not such day is a Business Day.
Subject to the foregoing provisions of this Section, each Debt
Security delivered under this Indenture upon registration of
transfer of or in exchange for or in lieu of any other
Debt Security shall carry the rights to interest accrued and
unpaid, and to accrue, that were carried by such other Debt
Security.

     Section 2.09 Cancellation of Debt Securities Paid, etc.
                  _________________________________________
     All Debt Securities surrendered for the purpose of payment,
redemption, exchange or registration of transfer, shall, if
surrendered to the Company or any Paying Agent, be surrendered to
the Trustee and promptly canceled by it, or, if surrendered to
the Trustee or any Authenticating Agent, shall be promptly
canceled by it, and no Debt Securities shall be issued in lieu
thereof except as expressly permitted by any of the provisions of
this Indenture. All Debt Securities canceled by any
Authenticating Agent shall be delivered to the Trustee. The

<PAGE>

Trustee shall destroy all canceled Debt Securities unless the
Company otherwise directs the Trustee in writing, in which case
the Trustee shall dispose of such Debt Securities as directed by
the Company. If the Company shall acquire any of the Debt
Securities, however, such acquisition shall not operate as a
redemption or satisfaction of the indebtedness represented by
such Debt Securities unless and until the same are surrendered to
the Trustee for cancellation.

     Section 2.10 Computation of Interest.
                  _______________________
     (a) The amount of interest payable on the Debt Securities
will be computed (i) with respect to any Interest Period prior to
the Interest Period commencing on the Interest Payment Date in
November 23, 2007, on the basis of a 360-day year consisting of
twelve 30-day months and (ii) with respect to any Interest Period
commencing on or after the Interest Payment Date in November 23,
2007, on the basis of a 360-day year and the actual number of
days elapsed in such Interest Period.

     (b) LIBOR shall be determined by the Calculation Agent for
each Interest Period commencing on or after the Interest Payment
Date in November 23, 2007 in accordance with the following
provisions:

         (i) On the second LIBOR Business Day (provided, that on
such day commercial banks are open for business (including
dealings in foreign currency deposits) in London (a "LIBOR
Banking Day"), and otherwise the next preceding LIBOR Business
Day that is also a LIBOR Banking Day) prior to the Interest
Payment Date that commences such Interest Period (each such day,
a "LIBOR Determination Date"), LIBOR shall equal the rate, as
obtained by the Calculation Agent, for three-month U.S. Dollar
deposits in Europe, which appears on Telerate (as defined in the
International Swaps and Derivatives Association, Inc. 2000
Interest Rate and Currency Exchange Definitions) page 3750 or
such other page as may replace such page 3750, as of 11:00
a.m. (London time) on such LIBOR Determination Date, as reported
by Bloomberg Financial Markets Commodities News or any successor
service ("Telerate Page 3750"). "LIBOR Business Day" means any
day that is not a Saturday, Sunday or other day on
which commercial banking institutions in The City of New York or
Wilmington, Delaware are authorized or obligated by law or
executive order to be closed. If such rate is superseded on
Telerate Page 3750 by a corrected rate before 12:00 noon (London
time) on such LIBOR Determination Date, the corrected rate as so
substituted will be LIBOR for such LIBOR Determination Date.

         (ii) If, on such LIBOR Determination Date, such rate
does not appear on Telerate Page 3750, the Calculation Agent
shall determine the arithmetic mean of the offered quotations of
the Reference Banks to leading banks in the London interbank
market for three-month U.S. Dollar deposits in Europe (in an
amount determined by the Calculation Agent) by reference to
requests for quotations as of approximately 11:00 a.m.
(London time) on such LIBOR Determination Date made by the
Calculation Agent to the Reference Banks. If, on such LIBOR
Determination Date, at least two of the Reference Banks provide
such quotations, LIBOR shall equal the arithmetic mean of such
quotations. If, on such LIBOR Determination Date, only one or
none of the Reference Banks provide such a quotation, LIBOR shall
be deemed to be the arithmetic mean of the

<PAGE>

offered quotations that at least two leading banks in The City of
New York (as selected by the Calculation Agent) are quoting on
such LIBOR Determination Date for three month U.S. Dollar
deposits in Europe at approximately 11:00 a.m. (London time) (in
an amount determined by the Calculation Agent). As used herein,
"Reference Banks" means four major banks in the London interbank
market selected by the Calculation Agent.

         (iii) If the Calculation Agent is required but is unable
to determine a rate in accordance with at least one of the
procedures provided above, LIBOR for such Interest Period shall
be LIBOR in effect for the immediately preceding Interest Period.

     (c) All percentages resulting from any calculations on the
Debt Securities will be rounded, if necessary, to the nearest one
hundred-thousandth of a percentage point, with five
one-millionths of a percentage point rounded upward (e.g.,
9.876545% (or .09876545) being rounded to 9.87655% (or
..0987655)), and all dollar amounts used in or resulting from such
calculation will be rounded to the nearest cent (with one-half
cent being rounded upward).

     (d) On each LIBOR Determination Date, the Calculation Agent
shall notify, in writing, the Company and the Paying Agent of the
applicable Interest Rate that applies to the related Interest
Period. The Calculation Agent shall, upon the request of a holder
of any Debt Securities, inform such holder of the Interest Rate
that applies to the related Interest Period. All
calculations made by the Calculation Agent in the absence of
manifest error shall be conclusive for all purposes and binding
on the Company and the holders of the Debt Securities. The Paying
Agent shall be entitled to rely on information received from the
Calculation Agent or the Company as to the applicable Interest
Rate. The Company shall, from time to time, provide any
necessary information to the Paying Agent relating to any
original issue discount and interest on the Debt Securities that
is included in any payment and reportable for taxable income
calculation purposes.

     Section 2.11 Extension of Interest Payment Period.
                  ____________________________________
So long as no Event of Default pursuant to Sections 5.01(b), (e)
or (f) of this Indenture has occurred and is continuing, the
Company shall have the right, from time to time and without
causing an Event of Default, to defer payments of interest on the
Debt Securities by extending the interest payment period on the
Debt Securities at any time and from time to time during the term
of the Debt Securities, for up to 20 consecutive quarterly
periods (each such extended interest payment period, together
with all previous and further consecutive extensions thereof, is
referred to herein as an "Extension Period"). No Extension Period
may end on a date other than an Interest Payment Date or extend
beyond the Maturity Date, any Optional Redemption Date or the
Special Redemption Date, as the case may be. During any Extension
Period, interest will continue to accrue on the Debt Securities,
and interest on such accrued interest (such accrued interest and
interest thereon referred to herein as "Deferred Interest") will
accrue at an annual rate equal to the Interest Rate applicable
during such Extension Period, compounded quarterly from the date
such Deferred Interest would have been payable were it not for
the Extension Period, to the extent permitted by applicable law.
No interest or Deferred Interest (except any Additional Amounts
that may be due and payable) shall be due andpayable during an
Extension Period, except at the end thereof. At the end of any
Extension Period, the Company shall pay all Deferred Interest
then accrued and unpaid on the Debt Securities; provided,
however, that during

<PAGE>

any Extension Period, the Company shall be subject to the
restrictions set forth in Section 3.08. Prior to the termination
of any Extension Period, the Company may further extend such
Extension Period, provided, that no Extension Period (including
all previous and further consecutive extensions that are part of
such Extension Period) shall exceed 20 consecutive
quarterly periods. Upon the termination of any Extension Period
and upon the payment of all Deferred Interest, the Company may
commence a new Extension Period, subject to the foregoing
requirements. The Company must give the Trustee notice of its
election to begin or extend an Extension Period at least one
Business Day prior to the regular record date applicable to the
next succeeding Interest Payment Date. The Trustee shall give
notice of the Company's election to begin or extend an Extension
Period to the Securityholders, promptly after receipt of notice
from the Company of its election to begin or extend an Extension
Period.

     Section 2.12 CUSIP Numbers.
                  _____________
     The Company in issuing the Debt Securities may use a "CUSIP"
number (if then generally in use), and, if so, the Trustee shall
use a "CUSIP" number in notices of redemption as
a convenience to Securityholders; provided, that any such notice
may state that no representation is made as to the correctness of
such number either as printed on the Debt Securities or as
contained in any notice of a redemption and that reliance may be
placed only on the other identification numbers printed on the
Debt Securities, and any such redemption shall not be affected by
any defect in or omission of such numbers. The Company will
promptly notify the Trustee in writing of any change in the CUSIP
number.

                         ARTICLE III
               PARTICULAR COVENANTS OF THE COMPANY

     Section 3.01 Payment of Principal, Premium and Interest;
                  __________________________________________
                  Agreed Treatment of the Debt Securities.
                  _______________________________________
     (a) The Company covenants and agrees that it will duly and
punctually pay or cause to be paid all payments due in respect of
the Debt Securities at the place, at the respective times and in
the manner provided in this Indenture and the Debt Securities.
Payment of the principal of and premium, if any, and interest on
the Debt Securities due on the Maturity Date,
any Optional Redemption Date or the Special Redemption Date, as
the case may be, will be made by the Company in immediately
available funds against presentation and surrender of such
Debt Securities. At the option of the Company, each installment
of interest on the Debt Securities due on an Interest Payment
Date other than the Maturity Date, any Optional Redemption Date
or the Special Redemption Date, as the case may be, may be paid
(i) by mailing checks for such interest payable to the order of
the holders of Debt Securities entitled thereto as they appear on
the Debt Security Register or (ii) by wire transfer of
immediately available funds to any account with a banking
institution located in the United States designated by such
holders to the Paying Agent no later than the related record
date. Notwithstanding anything to the contrary contained in this
Indenture or any Debt Security, if the Trust or the trustee of
the Trust is the holder of any Debt Security, then all payments
in respect of such Debt Security shall be made by the Company in
immediately available funds when due.

<PAGE>

     (b) The Company will treat the Debt Securities as
indebtedness, and the interest payable in respect of such Debt
Securities (including any Additional Amounts) as interest, for
all U.S. federal income tax purposes. All payments in respect of
such Debt Securities will be made free and clear of U.S.
withholding tax provided, that (i) any beneficial owner thereof
that is a "United States person" within the meaning of Section
7701(a)(30) of the Code (A) has provided an Internal Revenue
Service Form W-9 (or any substitute or successor form) in the
manner required establishing its status as a "United States
person" for U.S. federal income tax purposes, and (B) the
Internal Revenue Service has neither notified the Issuer that the
taxpayer identification number furnished by such beneficial owner
is incorrect nor notified the Issuer that there is underreporting
by such beneficial owner, and (ii) any beneficial owner thereof
that is not a "United States person" within the meaning of
Section 7701(a)(30) of the Code has provided an Internal Revenue
Service Form W-8 BEN, Internal Revenue Service Form W-8ECI, or
Internal Revenue Service Form W-8EXP, as applicable (or any
substitute or successor form) in the manner required establishing
its non-U.S. status for U.S. federal income tax purposes.

     (c) As of the date of this Indenture, the Company represents
that it has no intention to exercise its right under Section 2.11
to defer payments of interest on the Debt Securities by
commencing an Extension Period.

     (d) As of the date of this Indenture, the Company represents
that the likelihood that it would exercise its right under
Section 2.11 to defer payments of interest on the Debt Securities
by commencing an Extension Period at any time during which the
Debt Securities are outstanding is remote because of the
restrictions that would be imposed on the Company's ability to
declare or pay dividends or distributions on, or to redeem,
purchase or make a liquidation payment with respect to, any of
its outstanding equity and on the Company's ability to make any
payments of principal of or premium, if any, or interest on, or
repurchase or redeem, any of its debt securities that rank pari
passu in all respects with or junior in interest to the Debt
Securities.

     Section 3.02 Offices for Notices and Payments, etc.
                  _____________________________________
     So long as any of the Debt Securities remain outstanding,
the Company will maintain in Wilmington, Delaware or in
Harrisburg, Pennsylvania an office or agency where the Debt
Securities may be presented for payment, an office or agency
where the Debt Securities may be presented for registration of
transfer and for exchange as provided in this Indenture and
an office or agency where notices and demands to or upon the
Company in respect of the Debt Securities or of this Indenture
may be served. The Company will give to the Trustee written
notice of the location of any such office or agency and of any
change of location thereof. Until otherwise designated from time
to time by the Company in a notice to the Trustee, or specified
as contemplated by Section 2.05, such office or agency for all of
the above purposes shall be the Principal Office of the Trustee.
In case the Company shall fail to maintain any such office or
agency in Wilmington, Delaware or in Harrisburg, Pennsylvania or
shall fail to give such notice of the location or of any change
in the location thereof, presentations and demands may be made
and notices may be served at the Principal Office of the Trustee.

     In addition to any such office or agency, the Company may
from time to time designate one or more offices or agencies
outside Wilmington, Delaware or Harrisburg ,

<PAGE>

Pennsylvania where the Debt Securities may be presented for
registration of transfer and for exchange in the manner provided
in this Indenture, and the Company may from time to time rescind
such designation, as the Company may deem desirable or expedient;
provided, however, that no such designation or rescission shall
in any manner relieve the Company of its obligation to maintain
any such office or agency in Wilmington, Delaware or in
Harrisburg, Pennsylvania for the purposes above mentioned. The
Company will give to the Trustee prompt written notice of any
such designation or rescission thereof.

    Section 3.03 Appointments to Fill Vacancies in Trustee's
                 ___________________________________________
                 Office.
                 ______
    The Company, whenever necessary to avoid or fill a vacancy in
the office of Trustee, will appoint, in the manner provided in
Section 6.09, a Trustee, so that there shall at all times be a
Trustee hereunder.

    Section 3.04 Provision as to Paying Agent.
                 ____________________________
    (a) If the Company shall appoint a Paying Agent other than
the Trustee, it will cause such Paying Agent to execute and
deliver to the Trustee an instrument in which such agent
shall agree with the Trustee, subject to the provision of this
Section 3.04,

        (i) that it will hold all sums held by it as such agent
for the payment of all payments due on the Debt Securities
(whether such sums have been paid to it by the Company or by any
other obligor on the Debt Securities) in trust for the benefit of
the holders of the Debt Securities;

        (ii) that it will give the Trustee prompt written notice
of any failure by the Company (or by any other obligor on the
Debt Securities) to make any payment on the Debt Securities when
the same shall be due and payable; and

        (iii) that it will, at any time during the continuance of
any Event of Default, upon the written request of the Trustee,
forthwith pay to the Trustee all sums so held in trust by such
Paying Agent.

    (b) If the Company shall act as its own Paying Agent, it
will, on or before each due date of the payments due on the Debt
Securities, set aside, segregate and hold in trust for the
benefit of the holders of the Debt Securities a sum sufficient to
make such payments so becoming due and will notify the Trustee in
writing of any failure to take such action and of any failure by
the Company (or by any other obligor under the Debt Securities)
to make any payment on the Debt Securities when the same shall
become due and payable.

    Whenever the Company shall have one or more Paying Agents for
the Debt Securities, it will, on or prior to each due date of the
payments on the Debt Securities, deposit with a Paying Agent a
sum sufficient to pay all payments so becoming due, such sum to
be held in trust for the benefit of the Persons entitled thereto
and (unless such Paying Agent is the Trustee) the Company shall
promptly notify the Trustee in writing of its action or failure
to act.

    (c) Anything in this Section 3.04 to the contrary
notwithstanding, the Company may, at any time, for the purpose of
obtaining a satisfaction and discharge with respect

<PAGE>

to the Debt Securities, or for any other reason, pay, or direct
any Paying Agent to pay, to the Trustee all sums held in trust by
the Company or any such Paying Agent, such sums to be held
by the Trustee upon the same terms and conditions herein
contained.

    (d) Anything in this Section 3.04 to the contrary
notwithstanding, the agreement to hold sums in trust as provided
in this Section 3.04 is subject to Sections 12.03 and 12.04.

    (e) The Company hereby initially appoints the Trustee to act
as paying agent for the Debt Securities (the "Paying Agent").

    Section 3.05 Certificate to Trustee.
                 _______________________
    The Company will deliver to the Trustee on or before 120 days
after the end of each fiscal year, so long as Debt Securities are
outstanding hereunder, a Certificate stating that in the course
of the performance by the signers of their duties as officers of
the Company they would normally have knowledge of any default by
the Company in the performance of any covenants of the Company
contained herein, stating whether or not they have knowledge of
any such default and, if so, specifying each such default of
which the signers have knowledge and the
nature thereof.

    Section 3.06 Additional Amounts.
                 ___________________
    If and for so long as the Trust is the holder of all Debt
Securities and is subject to or otherwise required to pay (or is
required to withhold from distributions to holders of Trust
Securities) any additional taxes (including withholding taxes),
duties, assessments or other governmental charges as a result of
a Tax Event, the Company will pay such additional amounts
(the "Additional Amounts") on the Debt Securities or the Trust
Securities, as the case may be, as shall be required so that the
net amounts received and retained by the holders of Debt
Securities or Trust Securities, as the case may be, after payment
of all taxes (including withholding taxes),
duties, assessments or other governmental charges, will be equal
to the amounts that such holders would have received and retained
had no such taxes (including withholding taxes), duties,
assessments or other governmental charges been imposed.

    Whenever in this Indenture or the Debt Securities there is a
reference in any context to the payment of principal of or
premium, if any, or interest on the Debt Securities, such
mention shall be deemed to include mention of payments of the
Additional Amounts provided for in this Section to the extent
that, in such context, Additional Amounts are, were or would be
payable in respect thereof pursuant to the provisions of this
Section and express mention of the payment of Additional Amounts
(if applicable) in any provisions hereof shall not be construed
as excluding Additional Amounts in those provisions hereof where
such express mention is not made, provided, however, that,
notwithstanding anything to the contrary contained in this
Indenture or any Debt Security, the deferral of the payment of
interest during an Extension Period pursuant to Section 2.11
shall not defer the payment of any Additional Amounts that may
be due and payable.

<PAGE>

    Section 3.07 Compliance with Consolidation Provisions.
                 ________________________________________
    The Company will not, while any of the Debt Securities remain
outstanding, consolidate with, or merge into, any other Person,
or merge into itself, or sell, convey, transfer or
otherwise dispose of all or substantially all of its property or
capital stock to any other Person unless the provisions of
Article XI hereof are complied with.

    Section 3.08 Limitation on Dividends.
                 _______________________
    If (i) there shall have occurred and be continuing a Default
or an Event of Default, (ii) the Company shall be in default with
respect to its payment of any obligations under the Capital
Securities Guarantee or (iii) the Company shall have given notice
of its election to defer payments of interest on the Debt
Securities by extending the interest payment period as provided
herein and such period, or any extension thereof, shall have
commenced and be continuing, then the Company may not (A) declare
or pay any dividends or distributions on, or redeem, purchase,
acquire, or make a liquidation payment with respect to, any of
the Company's capital stock, (B) make any payment of principal of
or premium, if any, or interest on or repay, repurchase or redeem
any debt securities of the Company that rank pari passu in all
respects with or junior in interest to the Debt Securities or (C)
make any payment under any guarantees of the Company that rank
pari passu in all respects with or junior in interest to the
Capital Securities Guarantee (other than (a) repurchases,
redemptions or other acquisitions of shares of capital stock of
the Company (I) in connection with any employment contract,
benefit plan or other similar arrangement with or for the benefit
of one or more employees, officers, directors or consultants,
(II) in connection with a dividend reinvestment or stockholder
stock purchase plan or (III) in connection with the issuance of
capital stock of the Company (or securities convertible into or
exercisable for such capital stock) as consideration in an
acquisition transaction entered into prior to the occurrence of
(i), (ii) or (iii) above, (b) as a result of any exchange or
conversion of any class or series of the Company's capital stock
(or any capital stock of a subsidiary of the Company) for any
class or series of the Company's capital stock or of any class or
series of the Company's indebtedness for any class or series of
the Company's capital stock, (c) the purchase of fractional
interests in shares of the Company's capital stock pursuant to
the conversion or exchange provisions of such capital stock or
the security being converted or exchanged, (d) any declaration of
a dividend in connection with any stockholder's rights plan, or
the issuance of rights, stock or other property under any
stockholder's rights plan, or the redemption or repurchase of
rights pursuant thereto or (e) any dividend in the form of stock,
warrants, options or other rights where the dividend stock or the
stock issuable upon exercise of such warrants, options or other
rights is the same stock as that on which the dividend is being
paid or ranks pari passu with or junior in interest to such
stock).

    Section 3.09 Covenants as to the Trust.
                 _________________________
    For so long as such Trust Securities remain outstanding, the
Company shall maintain 100% ownership of the Common Securities;
provided, however, that any permitted successor of the Company
under this Indenture may succeed to the Company's ownership of
such Common Securities. The Company, as owner of the Common
Securities, shall use commercially reasonable efforts to cause
the Trust (a) to remain a statutory trust, except in
connection with a distribution of Debt Securities to the holders
of Trust Securities in liquidation

<PAGE>

of the Trust, the redemption of all of the Trust Securities or
mrgers, consolidations or amalgamations, each as permitted by the
Declaration, (b) to otherwise continue to be classified as a
grantor trust for United States federal income tax purposes and
(c) to cause each holder of Trust Securities to be treated as
owning an undivided beneficial interest in the Debt Securities.

                         ARTICLE IV
                            LISTS

    Section 4.01 Securityholders' Lists.
                 ________________________
    The Company covenants and agrees that it will furnish or
cause to be furnished to the Trustee:

    (a) on each regular record date for an Interest Payment Date,
a list, in such form as the Trustee may reasonably require, of
the names and addresses of the Securityholders of the Debt
Securities as of such record date; and

    (b) at such other times as the Trustee may request in
writing, within 30 days after the receipt by the Company of any
such request, a list of similar form and content as of a date not
more than 15 days prior to the time such list is furnished;
except that no such lists need be furnished under this Section
4.01 so long as the Trustee is in possession thereof by reason of
its acting as Debt Security registrar.

    Section 4.02 Preservation and Disclosure of Lists.
                 _____________________________________
    (a) The Trustee shall preserve, in as current a form as is
reasonably practicable, all information as to the names and
addresses of the holders of Debt Securities (1) contained in the
most recent list furnished to it as provided in Section 4.01 or
(2) received by it in the capacity of Debt Securities registrar
(if so acting) hereunder. The Trustee may destroy any list
furnished to it as provided in Section 4.01 upon receipt of a new
list so furnished.

    (b) In case three or more holders of Debt Securities
(hereinafter referred to as "applicants") apply in writing to the
Trustee and furnish to the Trustee reasonable proof that each
such applicant has owned a Debt Security for a period of at least
six months preceding the date of such application, and such
application states that the applicants desire to communicate with
other holders of Debt Securities with respect to their rights
under this Indenture or under such Debt Securities and is
accompanied by a copy of the form of proxy or other communication
which such applicants propose to transmit, then the Trustee shall
within five Business Days after the receipt of such application,
at its election, either:

        (i) afford such applicants access to the information
preserved at the time by the Trustee in accordance with the
provisions of subsection (a) of this Section 4.02, or

        (ii) inform such applicants as to the approximate number
of holders of Debt Securities whose names and addresses appear in
the information preserved at the time by the Trustee in
accordance with the provisions of subsection (a) of this Section

<PAGE>

4.02, and as to the approximate cost of mailing to such
Securityholders the form of proxy or other communication, if any,
specified in such application.

     If the Trustee shall elect not to afford such applicants
access to such information, the Trustee shall, upon the written
request of such applicants, mail to each Securityholder of Debt
Securities whose name and address appear in the information
preserved at the time by the Trustee in accordance with the
provisions of subsection (a) of this Section 4.02 a copy of the
form of proxy or other communication which is specified in such
request with reasonable promptness after a tender to the Trustee
of the material to be mailed and of payment, or provision for the
payment, of the reasonable expenses of mailing, unless within
five days after such tender, the Trustee shall mail to such
applicants and file with the Securities and Exchange Commission,
if permitted or required by applicable law, together with a copy
of the material to be mailed, a written statement to the effect
that, in the opinion of the Trustee, such mailing would be
contrary to the best interests of the holders of all Debt
Securities, as the case may be, or would be in violation of
applicable law. Such written statement shall specify the basis of
such opinion. If said Commission, as permitted or required by
applicable law, after opportunity for a hearing upon the
objections specified in the written statement so filed, shall
enter an order refusing to sustain any of such objections or if,
after the entry of an order sustaining one or more of such
objections, said Commission shall find, after notice and
opportunity for hearing, that all the objections so sustained
have been met and shall enter an order so declaring, the Trustee
shall mail copies of such material to all such Securityholders
with reasonable promptness after the entry of such order and the
renewal of such tender; otherwise the Trustee shall be relieved
of any obligation or duty to such applicants respecting their
application.

     (c) Each and every holder of Debt Securities, by receiving
and holding the same, agrees with the Company and the Trustee
that none of the Company, the Trustee or any Paying Agent shall
be held accountable by reason of the disclosure of any such
information as to the names and addresses of the holders of Debt
Securities in accordance with the provisions of
subsection (b) of this Section 4.02, regardless of the source
from which such information was derived, and that the Trustee
shall not be held accountable by reason of mailing any material
pursuant to a request made under said subsection (b).

    Section 4.03 Financial and Other Information.
                 _______________________________
    (a) The Company shall deliver, by hardcopy or electronic
transmission, to (i) each Securityholder each Report on Form 10-K
and Form 10-Q, if any, prepared by the Company and filed with the
Securities and Exchange Commission in accordance with the
Exchange Act within 10 Business Days after the filing thereof or
(ii) if the Company is (a) not then subject to Section 13 or
15(d) of the Exchange Act (a "Private Entity") or (b) exempt from
reporting pursuant to Rule 12g3-2(b) thereunder, the information
required by Rule 144A(d)(4) under the Securities Act.
Notwithstanding the foregoing, so long as a Holder of the Debt
Securities is NBC Capital Markets Group, Inc. or an entity that
holds a pool of trust preferred securities and/or debt securities
as collateral for its securities or a trustee thereof, and the
Company is (i) a Private Entity that, on the date of original
issuance of the Debt Securities, is required to provide audited
consolidated financial statements to its primary regulatory
authority, (ii) a Private Entity that, on the date of original
issuance of the Debt Securities, is not required to
provide audited consolidated financial statements to its primary
regulatory authority but

<PAGE>

subsequently becomes subject to the audited consolidated
financial statement reporting requirements of that regulatory
authority or (iii) subject to Section 13 or 15(d) of the Exchange
Act on the date of original issuance of the Debt Securities or
becomes so subject after the date hereof but subsequently becomes
a Private Entity, then, within 90 days after the end of each
fiscal year, beginning with the fiscal year in which the Debt
Securities were originally issued if
the Company was then subject to (x) Section 13 or 15(d) of the
Exchange Act or (y) audited consolidated financial statement
reporting requirements of its primary regulatory authority or,
otherwise, the earliest fiscal year in which the Company becomes
subject to (1) Section 13 or 15(d) of the Exchange Act or (2) the
audited consolidated financial statement reporting requirements
of its primary regulatory authority, the Company shall deliver,
by hardcopy or electronic transmission, to each Securityholder,
unless otherwise provided pursuant to the
preceding sentence, (A) a copy of the Company's audited
consolidated financial statements (including balance sheet and
income statement) covering the related annual period and (B) the
report of the independent accountants with respect to such
financial statements. In addition to the foregoing, the Company
shall deliver to each Securityholder within 30 days after the end
of the fiscal year of the Company, Form 1099 or such other annual
U.S. federal income tax information statement required by the
Code containing such information with regard to the Debt
Securities held by such holder as is required by the Code and the
income tax regulations of the U.S. Treasury thereunder.

    (b) If and so long as the Holder of the Debt Securities is
NBC Capital Markets Group, Inc. or an entity that holds a pool of
trust preferred securities and/or debt securities or a
trustee thereof, the Company will cause copies of its reports on
Form FR Y-9C, FR Y-9LP and FR Y-6 to be delivered to such Holder
promptly following their filing with the Federal Reserve.

                             ARTICLE V
               REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS

     Section 5.01 Events of Default.
                  _________________
     The following events shall be "Events of Default" with
respect to Debt Securities:

     (a) the Company defaults in the payment of any interest upon
any Debt Security when it becomes due and payable, and
continuance of such default for a period of 30 days; for the
avoidance of doubt, an extension of any interest payment period
by the Company in accordance with Section 2.11 of this Indenture
shall not constitute a default under this clause 5.01(a); or

     (b) the Company defaults in the payment of any interest upon
any Debt Security, including any Additional Amounts in respect
thereof, following the nonpayment of any such interest for twenty
or more consecutive Interest Periods; or

     (c) the Company defaults in the payment of all or any part
of the principal of (or premium, if any, on) any Debt Securities
as and when the same shall become due and payable, whether at
maturity, upon redemption, by acceleration of maturity pursuant
to Section 5.01 of this Indenture or otherwise; or

<PAGE>

     (d) the Company defaults in the performance of, or breaches,
any of its covenants or agreements in Sections 3.06, 3.07, 3.08
or 3.09 of this Indenture (other than a covenant or agreement a
default in whose performance or whose breach is elsewhere in this
Section specifically dealt with), and continuance of such default
or breach for a period of 90 days
after there has been given, by registered or certified mail, to
the Company by the Trustee or to the Company and the Trustee by
the holders of not less than 25% in aggregate principal amount
of the outstanding Debt 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

     (e) a court having jurisdiction in the premises shall enter
a decree or order for relief in respect of the Company in an
involuntary case under any applicable bankruptcy, insolvency or
other similar law now or hereafter in effect, or appoints a
receiver, liquidator, assignee, custodian, trustee, sequestrator
or other similar official of the Company or for any substantial
part of its property, or orders the winding-up or liquidation of
its affairs and such decree, appointment or order shall remain
unstayed and in effect for a period of 90 consecutive
days; or

     (f) the Company shall commence a voluntary case under any
applicable bankruptcy, insolvency or other similar law now or
hereafter in effect, shall consent to the entry of an order for
relief in an involuntary case under any such law, or shall
consent to the appointment of or taking possession by a receiver,
liquidator, assignee, trustee, custodian, sequestrator or other
similar official of the Company or of any substantial part of its
property, or shall make any general assignment for the benefit of
creditors, or shall fail generally to pay its
debts as they become due; or

     (g) the Trust shall have voluntarily or involuntarily
liquidated, dissolved, wound-up its business or otherwise
terminated its existence except in connection with (1) the
distribution of the Debt Securities to holders of the Trust
Securities in liquidation of their interests in the Trust, (2)
the redemption of all of the outstanding Trust Securities or (3)
mergers, consolidations or amalgamations, each as permitted by
the Declaration.

    If an Event of Default specified under clause (b) of this
Section 5.01 occurs and is continuing with respect to the Debt
Securities, then, in each and every such case, either the Trustee
or the holders of not less than 25% in aggregate principal amount
of the Debt Securities then outstanding hereunder, by notice in
writing to the Company (and to the Trustee if given by
Securityholders), may declare the entire principal of the Debt
Securities and any premium and interest accrued, but unpaid,
thereon to be due and payable immediately, and upon any such
declaration the same shall become immediately due and payable. If
an Event of Default specified under clause (e) or (f) of this
Section 5.01 occurs, then, in each and every such case, the
entire principal amount of the Debt Securities and any premium
and interest accrued, but unpaid, thereon shall ipso facto become
immediately due and payable without further action.

     The foregoing provisions, however, are subject to the
condition that if, at any time after the principal of the Debt
Securities shall have become due by acceleration, and before any
judgment or decree for the payment of the moneys due shall have
been obtained or entered as hereinafter provided, (i) the Company
shall pay or shall deposit with the Trustee a sum sufficient to
pay all matured installments of interest upon all the Debt
Securities and all payments on the

<PAGE>

Debt Securities which shall have become due otherwise than by
cceleration (with interest upon all such payments and Deferred
Interest, to the extent permitted by law) and such amount as
shall be sufficient to cover reasonable compensation to the
Trustee and each predecessor Trustee, their respective agents,
attorneys and counsel, and all other amounts due to the Trustee
pursuant to Section 6.06, if any, and (ii) all Events of Default
under this Indenture, other than the nonpayment of the payments
in respect of Debt Securities which shall have become due by
acceleration, shall have been cured, waived or otherwise remedied
as provided herein, then, in each and every such case, the
holders of a majority in aggregate principal amount of the Debt
Securities then outstanding, by written notice to the Company and
to the Trustee, may waive all defaults and rescind and annul such
acceleration and its consequences, but no such waiver or
rescission and annulment shall extend to or shall affect any
subsequent default or shall impair any right consequent thereon;
provided, however, that if the Debt Securities are held by the
Trust or a trustee of the Trust, such waiver or rescission and
annulment shall not be effective until the holders of a majority
in aggregate liquidation amount of the outstanding Capital
Securities of the Trust shall have consented to such waiver or
rescission and annulment.

    In case the Trustee shall have proceeded to enforce any right
under this Indenture and such proceedings shall have been
discontinued or abandoned because of such rescission or annulment
or for any other reason or shall have been determined adversely
to the Trustee, then and in every such case the Company, the
Trustee and the holders of the Debt Securities shall be restored
respectively to their several positions and rights hereunder, and
all rights, remedies and powers of the Company, the Trustee and
the holders of the Debt Securities shall continue as though no
such proceeding had been taken.

    Section 5.02 Payment of Debt Securities on Default; Suit
                 ___________________________________________
                 Therefor.
                 ________

    The Company covenants that upon the occurrence of an Event of
Default pursuant to clause (b) of Section 5.01 and upon demand of
the Trustee, the Company will pay to the Trustee, for the benefit
of the holders of the Debt Securities, the whole amount that then
shall have become due and payable on all Debt Securities,
including Deferred Interest accrued on the
Debt Securities; and, in addition thereto, such further amount as
shall be sufficient to cover the costs and expenses of
collection, including a reasonable compensation to the Trustee,
its agents, attorneys and counsel, and any other amounts due to
the Trustee under Section 6.06. In case the Company shall fail
forthwith to pay such amounts upon such demand, the Trustee, in
its own name and as trustee of an express trust, shall be
entitled and empowered to institute any actions or proceedings at
law or in equity for the collection of the sums so due and
unpaid, and may prosecute any such action or proceeding to
judgment or final decree, and may enforce any such judgment or
final decree against the Company or any other obligor on such
Debt Securities and collect in the manner provided by law out of
the property of the Company or any other obligor on such Debt
Securities wherever situated the moneys adjudged or decreed to be
payable.

    In case there shall be pending proceedings for the bankruptcy
or for the reorganization of the Company or any other obligor on
the Debt Securities under Bankruptcy Law, or in case a receiver
or trustee shall have been appointed for the property of the
Company or such other obligor, or in the case of any other
similar judicial proceedings relative to the Company or other
obligor upon the Debt Securities, or to the creditors or property
of the Company or such other obligor, the Trustee, irrespective
of whether the principal of the Debt

<PAGE>

Securities shall then be due and payable as therein expressed or
by acceleration or otherwise and irrespective of whether the
Trustee shall have made any demand pursuant to the provisions of
this Section 5.02, shall be entitled and empowered, by
intervention in such proceedings or otherwise, to file and prove
a claim or claims for the whole amount of principal and interest
owing and unpaid in respect of the Debt Securities and, in case
of any judicial proceedings, to file such proofs of claim and
other papers or documents as may be necessary or advisable in
order to have the claims of the Trustee (including any claim for
reasonable compensation to the Trustee and each predecessor
Trustee, and their respective agents, attorneys and counsel, and
for reimbursement of all other amounts due to the Trustee under
Section 6.06) and of the Securityholders allowed in such judicial
proceedings relative to the Company or any other obligor on the
Debt Securities, or to the creditors or property of the Company
or such other obligor, unless prohibited by applicable law and
regulations, to vote on behalf of the holders of the Debt
Securities in any election of a trustee or a standby trustee in
arrangement, reorganization, liquidation or other bankruptcy or
insolvency proceedings or Person performing similar functions in
comparable proceedings, and to collect and receive any moneys or
other property payable or deliverable on any such claims, and to
distribute the same after the deduction
of its charges and expenses; and any receiver, assignee or
trustee in bankruptcy or reorganization is hereby authorized by
each of the Securityholders to make such payments to the Trustee,
and, in the event that the Trustee shall consent to the making of
such payments directly to the Securityholders, to pay to the
Trustee such amounts as shall be sufficient to cover reasonable
compensation to the Trustee, each predecessor Trustee and their
respective agents, attorneys and counsel, and all other amounts
due to the Trustee under Section 6.06.

    Nothing herein contained shall be construed to authorize the
Trustee to authorize or consent to or accept or adopt on behalf
of any Securityholder any plan of reorganization, arrangement,
adjustment or composition affecting the Debt Securities or the
rights of any holder thereof or to authorize the Trustee to vote
in respect of the claim of any Securityholder in any such
proceeding.

    All rights of action and of asserting claims under this
Indenture, or under any of the Debt Securities, may be enforced
by the Trustee without the possession of any of the Debt
Securities, or the production thereof at any trial or other
proceeding relative thereto, and any such suit or proceeding
instituted by the Trustee shall be brought in its own name as
trustee of an express trust, and any recovery of judgment shall
be for the ratable benefit of the holders of the Debt Securities.

    In any proceedings brought by the Trustee (and also any
proceedings involving the interpretation of any provision of this
Indenture to which the Trustee shall be a party), the Trustee
shall be held to represent all the holders of the Debt
Securities, and it shall not be necessary to make any holders of
the Debt Securities parties to any such proceedings.

    Section 5.03 Application of Moneys Collected by Trustee.
                 ___________________________________________
    Any moneys collected by the Trustee shall be applied in the
following order, at the date or dates fixed by the Trustee for
the distribution of such moneys, upon presentation of the several
Debt Securities in respect of which moneys have been collected,
and stamping thereon the payment, if only partially paid, and
upon surrender thereof if fully paid:

<PAGE>
    First: To the payment of costs and expenses incurred by, and
reasonable fees of, the Trustee, its agents, attorneys and
counsel, and of all other amounts due to the Trustee under
Section 6.06;

    Second: To the payment of all Senior Indebtedness of the
Company if and to the extent required by Article XV;

    Third: To the payment of the amounts then due and unpaid upon
Debt Securities, in respect of which or for the benefit of which
money has been collected, ratably, without preference or priority
of any kind, according to the amounts due upon such Debt
Securities; and

    Fourth: The balance, if any, to the Company.

    Section 5.04 Proceedings by Securityholders.
                 _______________________________
    No holder of any Debt Security shall have any right to
institute any suit, action or proceeding for any remedy
hereunder, unless such holder previously shall have given to the
Trustee written notice of an Event of Default with respect to the
Debt Securities and unless the holders of not less than 25% in
aggregate principal amount of the Debt Securities then
outstanding shall have given the Trustee a written request to
institute such action, suit or proceeding and shall have offered
to the Trustee such reasonable indemnity as it may require
against the costs, expenses and liabilities to be incurred
thereby, and the Trustee for 60 days after its receipt of such
notice, request and offer of indemnity shall have failed to
institute any such action, suit or proceeding; provided, that no
holder of Debt Securities shall have any right to prejudice the
rights of any other holder of Debt Securities, obtain priority or
preference over any other such holder or enforce any right under
this Indenture except in the manner herein provided
and for the equal, ratable and common benefit of all holders of
Debt Securities.

    Notwithstanding any other provisions in this Indenture, the
right of any holder of any Debt Security to receive payment of
the principal of and premium, if any, and interest on such Debt
Security when due, or to institute suit for the enforcement of
any such payment, shall not be impaired or affected without the
consent of such holder. For the protection and enforcement of the
provisions of this Section, each and every Securityholder and the
Trustee shall be entitled to such relief as can be given either
at law or in equity.

    Section 5.05 Proceedings by Trustee.
                 _______________________
    In case of an Event of Default, the Trustee may in its
discretion proceed to protect and enforce the rights vested in it
by this Indenture by such appropriate judicial proceedings as the
Trustee shall deem most effectual to protect and enforce any of
such rights, either by suit in equity or by action at law or by
proceeding in bankruptcy or otherwise, whether for the specific
enforcement of any covenant or agreement contained in this
Indenture or in aid of the exercise of any power granted in this
Indenture, or to enforce any other legal or equitable right
vested in the Trustee by this Indenture or by law.

<PAGE>

    Section 5.06 Remedies Cumulative and Continuing.
                 __________________________________
    Except as otherwise provided in Section 2.06, all powers and
remedies given by this Article V to the Trustee or to the
Securityholders shall, to the extent permitted by law, be deemed
cumulative and not exclusive of any other powers and remedies
available to the Trustee or the holders of the Debt Securities,
by judicial proceedings or otherwise, to enforce the performance
or observance of the covenants and agreements contained in this
Indenture or otherwise established with respect to the Debt
Securities, and no delay or omission of the Trustee or of any
holder of any of the Debt Securities to exercise any right or
power accruing upon any Event of Default occurring and continuing
as aforesaid shall impair any such right or power, or
shall be construed to be a waiver of any such default or an
acquiescence therein; and, subject to the provisions of Section
5.04, every power and remedy given by this Article V or by law to
the Trustee or to the Securityholders may be exercised from time
to time, and as often as shall be deemed expedient, by the
Trustee or by the Securityholders.

    Section 5.07 Direction of Proceedings and Waiver of Defaults
                _______________________________________________
                 by Majority of Securityholders.
                 ______________________________
    The holders of a majority in aggregate principal amount of
the Debt Securities affected at the time outstanding and, if the
Debt Securities are held by the Trust or a trustee of the Trust,
the holders of a majority in aggregate liquidation amount of the
outstanding Capital Securities of the Trust shall have the right
to direct the time, method and place of conducting any proceeding
for any remedy available to the Trustee, or exercising any trust
or power conferred on the Trustee with respect to such Debt
Securities; provided, however, that if the Debt Securities are
held by the Trust or a trustee of the Trust, such time, method
and place or such exercise, as the case may be, may not be so
directed until the holders of a majority in aggregate liquidation
amount of the outstanding Capital Securities of the Trust shall
have directed such time, method
and place or such exercise, as the case may be; provided,
further, that (subject to the provisions of Section 6.01) the
Trustee shall have the right to decline to follow any such
direction if the Trustee shall determine that the action so
directed would be unjustly prejudicial to the holders
not taking part in such direction or if the Trustee being advised
by counsel determines that the action or proceeding so directed
may not lawfully be taken or if a Responsible Officer of the
Trustee shall determine that the action or proceedings so
directed would involve the Trustee in personal liability. Prior
to any declaration of acceleration, or ipso facto acceleration,
of the maturity of the Debt Securities, the holders of a majority
in aggregate principal amount of the Debt Securities at the time
outstanding may on behalf of the holders of all of the Debt
Securities waive (or modify any previously granted waiver of) any
past Default or Event of Default and its consequences, except a
default (a) in the payment of principal of or premium, if any, or
interest on any of the Debt Securities, (b) in respect of
covenants or provisions hereof which cannot be modified or
amended without the consent of the holder of each Debt Security
affected, or (c) in respect of the covenants contained in Section
3.09; provided, however, that if the Debt Securities are held by
the Trust or a trustee of the Trust, such waiver or modification
to such waiver shall not be effective until the holders of a
majority in aggregate liquidation amount of the outstanding
Capital Securities of the Trust shall have consented to such
waiver or modification to such waiver; provided, further, that if
the consent of the holder of each outstanding Debt Security is
required, such waiver or modification to such waiver shall not be
effective until each holder of the outstanding Capital Securities
of the Trust shall have consented to such waiver or

<PAGE>

modification to such waiver. Upon any such waiver or modification
to such waiver, the Default or Event of Default covered thereby
shall be deemed to be cured for all purposes of this Indenture
and the Company, the Trustee and the holders of the Debt
Securities shall be restored to their former positions and rights
hereunder, respectively; but no such waiver or modification to
such waiver shall extend to any subsequent or other Default or
Event of Default or impair any right consequent thereon. Whenever
any Default or Event of Default hereunder shall have been waived
as permitted by this Section, said Default or Event of Default
shall for all purposes of the Debt Securities and this Indenture
be deemed to have been cured and to be not continuing.

    Section 5.08 Notice of Defaults.
                 ___________________
    The Trustee shall, within 90 days after a Responsible Officer
of the Trustee shall have actual knowledge or received written
notice of the occurrence of a default with respect to the Debt
Securities, mail to all Securityholders, as the names and
addresses of such holders appear upon the Debt Security Register,
notice of all defaults with respect to the Debt Securities known
to the Trustee, unless such defaults shall have been cured before
the giving of such notice (the term "default" for the purpose of
this Section is hereby defined to be any event specified in
Section 5.01, not including periods of grace, if any, provided
for therein); provided, that, except in the case of default in
the payment of the principal of or premium, if any, or interest
on any of the Debt Securities, the Trustee shall be protected in
withholding such notice if and so long as a Responsible Officer
of the Trustee in good faith determines  that the withholding of
such notice is in the interests of the Securityholders.

    Section 5.09 Undertaking to Pay Costs.
                 _________________________
    All parties to this Indenture agree, and each holder of any
Debt Security by such holder's acceptance thereof shall be deemed
to have agreed, that any court may in its discretion require, in
any suit for the enforcement of any right or remedy under this
Indenture, or in any suit against the Trustee for any action
taken or omitted by it as Trustee, the filing by any party
litigant in such suit of an undertaking to pay the costs of such
suit, and that such court may in its discretion assess reasonable
costs, including reasonable attorneys' fees and expenses, against
any party litigant in such suit, having due regard to the merits
and good faith of the claims or
defenses made by such party litigant; but the provisions of this
Section shall not apply to any suit instituted by the Trustee, to
any suit instituted by any Securityholder, or group of
Securityholders, holding in the aggregate more than 10% in
principal amount of the outstanding Debt Securities (or, if such
Debt Securities are held by the Trust or a trustee of the Trust,
more than 10% in liquidation amount of the outstanding Capital
Securities),to any suit instituted by any Securityholder for the
enforcement of the payment of the principal of or premium, if
any, or interest on any Debt Security against the Company on or
after the same shall have become due and payable or to any suit
instituted in accordance with Section 14.12.

<PAGE>

                            ARTICLE VI
                      CONCERNING THE TRUSTEE

    Section 6.01 Duties and Responsibilities of Trustee.
                 _______________________________________
    With respect to the holders of Debt Securities issued
hereunder, the Trustee, prior to the occurrence of an Event of
Default with respect to the Debt Securities and after the curing
or waiving of all Events of Default which may have occurred, with
respect to the Debt Securities, undertakes to perform such duties
and only such duties as are specifically set forth in this
Indenture. In case an Event of Default with respect to the Debt
Securities has occurred (which has not been cured or waived), the
Trustee shall exercise such of the rights and powers vested in it
by this Indenture, and use the same degree of care and skill in
their exercise, as a prudent person would exercise or use under
the circumstances in the conduct of such person's own affairs.

    No provision of this Indenture shall be construed to relieve
the Trustee from liability for its own negligent action, its own
negligent failure to act or its own willful misconduct or bad
faith, except that:

    (a) prior to the occurrence of an Event of Default and after
the curing or waiving of all Events of Default which may have
occurred:

        (i) the duties and obligations of the Trustee with
respect to the Debt Securities shall be determined solely by the
express provisions of this Indenture, and the Trustee shall not
be liable except for the performance of such duties and
obligations with respect to the Debt Securities as are
specifically set forth in this Indenture, and no implied
covenants or obligations shall be read into this Indenture
against the Trustee; and

        (ii) in the absence of bad faith on the part of the
Trustee, the Trustee may conclusively rely, as to the truth of
the statements and the correctness of the opinions expressed
therein, upon any certificates or opinions furnished to the
Trustee and conforming to the requirements of this Indenture;
but, in the case of any such certificates or opinions which by
any provision hereof are specifically required to be furnished to
the Trustee, the Trustee shall be under a duty to examine the
same to determine whether or not they conform on their face to
the requirements of this Indenture;

    (b) the Trustee shall not be liable for any error of judgment
made in good faith by a Responsible Officer or Officers of the
Trustee, unless it shall be proved that the Trustee was negligent
in ascertaining the pertinent facts;

    (c) the 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 Securityholders pursuant to
Section 5.07, relating to the time, method and place of
conducting any proceeding for any remedy available to the
Trustee, or exercising any trust or power conferred upon the
Trustee, under this Indenture; and

    (d) the Trustee shall not be charged with knowledge of any
Default or Event of Default with respect to the Debt Securities
unless either (1) a Responsible Officer shall have

<PAGE>

actual knowledge of such Default or Event of Default or (2)
written notice of such Default or Event of Default shall have
been given to the Trustee by the Company or any other obligor on
the Debt Securities or by any holder of the Debt Securities,
except that the Trustee shall be deemed to have knowledge of any
Event of Default pursuant to Sections 5.01(a), 5.01(b) or
5.01(c) hereof (other than an Event of Default resulting from the
default in the payment of Additional Amounts if the Trustee does
not have actual knowledge or written notice that such
payment is due and payable).

    None of the provisions contained in this Indenture shall
require the Trustee to expend or risk its own funds or otherwise
incur personal financial liability in the performance of any of
its duties or in the exercise of any of its rights or powers.

    Section 6.02 Reliance on Documents, Opinions, etc.
                 _____________________________________
    Except as otherwise provided in Section 6.01:

    (a) the Trustee may conclusively rely and shall be fully
protected in acting or refraining from acting upon any
resolution, certificate, statement, instrument, opinion, report,
notice, request, consent, order, bond, note, debenture or other
paper or document believed by it in good faith to be genuine and
to have been signed or presented by the proper party or parties;

    (b) any request, direction, order or demand of the Company
mentioned herein shall be sufficiently evidenced by an Officers'
Certificate (unless other evidence in respect thereof be herein
specifically prescribed); and any Board Resolution may be
evidenced to the Trustee by a copy thereof certified by the
Secretary or an Assistant Secretary of the Company;

    (c) the Trustee may consult with counsel of its selection and
any advice or Opinion of Counsel shall be full and complete
authorization and protection in respect of any action taken,
suffered or omitted by it hereunder in good faith and in
accordance with such advice or Opinion of Counsel;

    (d) the Trustee shall be under no obligation to exercise any
of the rights or powers vested in it by this Indenture at the
request, order or direction of any of the Securityholders,
pursuant to the provisions of this Indenture, unless such
Securityholders shall have offered to the Trustee reasonable
security or indemnity against the costs, expenses and liabilities
which may be incurred therein or thereby;

    (e) the Trustee shall not be liable for any action taken or
omitted by it in good faith and reasonably believed by it to be
authorized or within the discretion or rights or powers conferred
upon it by this Indenture; nothing contained herein shall,
however, relieve the Trustee of the obligation, upon the
occurrence of an Event of Default with respect to the Debt
Securities (which has not been cured or waived) to exercise with
respect to the Debt Securities such of the rights and powers
vested in it by this Indenture, and to use the same degree of
care and skill in their exercise, as a prudent person would
exercise or use under the circumstances in the conduct of such
person's own affairs;

    (f) the Trustee shall not be bound to make any investigation
into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice,

<PAGE>

request, consent, order, approval, bond, debenture, coupon or
other paper or document, unless requested in writing to do so by
the holders of a majority in aggregate principal amount of the
outstanding Debt Securities affected thereby; provided, however,
that if the payment within a reasonable time to the Trustee of
the costs, expenses or liabilities likely to be incurred by it in
the making of such investigation is, in the opinion of the
Trustee, not reasonably assured to the Trustee by the security
afforded to it by the terms of this Indenture, the Trustee may
require reasonable indemnity against such expense or liability as
a condition to so proceeding; and

    (g) the Trustee may execute any of the trusts or powers
hereunder or perform any duties hereunder either directly or by
or through agents (including any Authenticating Agent) or
attorneys, and the Trustee shall not be responsible for any
misconduct or negligence on the part of any such agent or
attorney appointed by it with due care.

    Section 6.03 No Responsibility for Recitals, etc.
                 ___________________________________
    The recitals contained herein and in the Debt Securities
(except in the certificate of authentication of the Trustee or
the Authenticating Agent) shall be taken as the statements of
the Company, and the Trustee and the Authenticating Agent assume
no responsibility for the correctness of the same. The Trustee
and the Authenticating Agent make no representations as
to the validity or sufficiency of this Indenture or of the Debt
Securities. The Trustee and the Authenticating Agent shall not be
accountable for the use or application by the Company of any
Debt Securities or the proceeds of any Debt Securities
authenticated and delivered by the Trustee or the Authenticating
Agent in conformity with the provisions of this Indenture.

    Section 6.04 Trustee, Authenticating Agent, Paying Agents,
                 _____________________________________________
                 Transfer Agents or Registrar May Own Debt
                 __________________________________________
                 Securities.
                 __________
    The Trustee, any Authenticating Agent, any Paying Agent, any
transfer agent or any Debt Security registrar, in its individual
or any other capacity, may become the owner or pledgee of Debt
Securities with the same rights it would have if it were not
Trustee, Authenticating Agent, Paying Agent, transfer agent or
Debt Security registrar.

    Section 6.05 Moneys to be Held in Trust.
                 __________________________

    Subject to the provisions of Section 12.04, all moneys
received by the Trustee or any Paying Agent shall, until used or
applied as herein provided, be held in trust for the purpose
for which they were received, but need not be segregated from
other funds except to the extent required by law. The Trustee and
any Paying Agent shall be under no liability for interest on any
money received by it hereunder except as otherwise agreed in
writing with the Company. So long as no Event of Default shall
have occurred and be continuing, all interest allowed on any
such moneys, if any, shall be paid from time to time to the
Company upon the written order of the Company, signed by the
Chairman of the Board of Directors, the President, the Chief
Operating Officer, a Vice President, the Treasurer or an
Assistant Treasurer of the Company.

     Section 6.06 Compensation and Expenses of Trustee.
                  _____________________________________
     The Company covenants and agrees to pay to the Trustee from
time to time, and the Trustee shall be entitled to, such
compensation as shall be agreed to in writing between the

<PAGE>

Company and the Trustee (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an
express trust), and the Company will pay or reimburse the
Trustee upon its written request for all documented reasonable
expenses, disbursements and advances incurred or made by the
Trustee in accordance with any of the provisions of this
Indenture (including the reasonable compensation and the
reasonable expenses and disbursements of its counsel and of all
Persons not regularly in its employ) except any such expense,
disbursement or advance that arises from its negligence, willful
misconduct or bad faith. The Company also covenants to indemnify
each of the Trustee (including in its individual capacity) and
any predecessor Trustee (and its officers, agents, directors and
employees) for, and to hold it harmless against, any and all
loss, damage, claim, liability or expense including taxes (other
than taxes based on the income of the Trustee), except to the
extent such loss, damage, claim, liability or expense results
from the negligence, willful misconduct or bad faith of such
indemnitee, arising out of or in connection with the acceptance
or administration of this trust, including the costs and expenses
of defending itself against any claim or liability in the
premises.The obligations of the Company under this Section to
compensate and indemnify the Trustee and to pay or reimburse the
Trustee for documented expenses, disbursements and advances shall
constitute additional indebtedness hereunder. Such additional
indebtedness shall be secured by a lien prior to that of the Debt
Securities upon all property and funds held or collected by the
Trustee as such, except funds held in trust for the benefit of
the holders of particular Debt Securities.

    Without prejudice to any other rights available to the
Trustee under applicable law, when the Trustee incurs expenses or
renders services in connection with an Event of Default specified
in clause (e), (f) or (g) of Section 5.01, the expenses
(including the reasonable charges and expenses of its counsel)
and the compensation for the services are intended to constitute
expenses of administration under any applicable federal or state
bankruptcy, insolvency or other similar law.

    The provisions of this Section shall survive the resignation
or removal of the Trustee and the defeasance or other termination
of this Indenture.

    Notwithstanding anything in this Indenture or any Debt
Security to the contrary, the Trustee shall have no obligation
whatsoever to advance funds to pay any principal of or interest
on or other amounts with respect to the Debt Securities or
otherwise advance funds to or on behalf of the Company.

    Section 6.07 Officers' Certificate as Evidence.
                 __________________________________
    Except as otherwise provided in Sections 6.01 and 6.02,
whenever in the administration of the provisions of this
Indenture the Trustee shall deem it necessary or desirable that a
matter be proved or established prior to taking or omitting any
action hereunder, such matter (unless other evidence in respect
thereof be herein specifically prescribed) may, in the absence of
negligence, willful misconduct or bad faith on the part of the
Trustee, be deemed to be conclusively proved and established by
an Officers' Certificate delivered to the Trustee, and such
certificate, in the absence of negligence, willful misconduct or
bad faith on the part of the Trustee, shall be full warrant to
the Trustee for any action taken or omitted by it under the
provisions of this Indenture upon the faith thereof.

<PAGE>

    Section 6.08 Eligibility of Trustee.
                 _______________________
    The Trustee hereunder shall at all times be a U.S. Person
that is a banking corporation or national association organized
and doing business under the laws of the United States of America
or any state thereof or of the District of Columbia and
authorized under such laws to exercise corporate trust powers,
having a combined capital and surplus of at least fifty million
U.S. dollars ($50,000,000) and subject to supervision or
examination by federal, state, or District of Columbia authority.
If such corporation or national association publishes reports of
condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section the combined capital and
surplus of such corporation or national association shall be
deemed to be its combined capital and surplus as set forth in its
most recent records of condition so published.

    The Company may not, nor may any Person directly or
indirectly controlling, controlled by, or under common control
with the Company, serve as Trustee, notwithstanding that such
corporation or national association shall be otherwise eligible
and qualified under this Article.

    In case at any time the Trustee shall cease to be eligible in
accordance with the provisions of this Section, the Trustee shall
resign immediately in the manner and with the effect specified in
Section 6.09.

    If the Trustee has or shall acquire any "conflicting
interest" within the meaning of Section 310(b) of the Trust
Indenture Act, the Trustee shall either eliminate such interest
or resign, to the extent and in the manner provided by, and
subject to, this Indenture.

    Section 6.09 Resignation or Removal of Trustee.
                 __________________________________
    (a) The Trustee, or any trustee or trustees hereafter
appointed, may at any time resign by giving written notice of
such resignation to the Company and by mailing notice thereof, at
the Company's expense, to the holders of the Debt Securities at
their addresses as they shall appear on the Debt Security
Register. Upon receiving such notice of resignation, the Company
shall promptly appoint a successor trustee or trustees by written
instrument, in duplicate, executed by order of its Board of
Directors, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor Trustee. If no
successor Trustee shall have been so appointed and have accepted
appointment within 30 days after the mailing of such notice of
resignation to the affected Securityholders, the resigning
Trustee may petition any court of competent jurisdiction for the
appointment of a successor Trustee, or any Securityholder who has
been a bona fide holder of a Debt Security or Debt Securities for
at least six months may, subject to the provisions of Section
5.09, on behalf of himself or herself and all others similarly
situated, petition any such court for the appointment of a
successor Trustee. Such court
may thereupon, after such notice, if any, as it may deem proper
and prescribe, appoint a successor Trustee.

    (b) In case at any time any of the following shall occur:

        (i) the Trustee shall fail to comply with the provisions
   of the last paragraph of Section 6.08 after written request
 therefor by the Company or by any

<PAGE>

    Securityholder who has been a bona fide holder of a Debt
    Security or Debt Securities for at least six months;

        (ii) the Trustee shall cease to be eligible in
    accordance with the provisions of Section 6.08 and shall
    fail to resign after written request therefor by the Company
    or by any such Securityholder; or

        (iii) the Trustee shall become incapable of acting, or
    shall be adjudged bankrupt or insolvent, or a receiver of
    the Trustee or of its property shall be appointed, or any
    public officer shall take charge or control of the Trustee
    or of its property or affairs for the purpose of
    rehabilitation, conservation or liquidation,

then, in any such case, the Company may remove the Trustee and
appoint a successor Trustee by written instrument, in duplicate,
executed by order of the Board of Directors, one copy of which
instrument shall be delivered to the Trustee so removed and one
copy to the successor Trustee, or, subject to the provisions of
Section 5.09, if no successor Trustee shall have been so
appointed and have accepted appointment within 30 days of the
occurrence of any of (i), (ii) or (iii) above, any Securityholder
who has been a bona fide holder of a Debt Security or Debt
Securities for at least six months may, on behalf of himself or
herself and all others similarly situated, petition any court of
competent jurisdiction for the removal of the Trustee and the
appointment of a successor Trustee. Such court may thereupon,
after such notice, if any, as it may deem proper and prescribe,
remove the Trustee and appoint a successor Trustee.

    (c) Upon prior written notice to the Company and the Trustee,
the holders of a majority in aggregate principal amount of the
Debt Securities at the time outstanding may at any time remove
the Trustee and nominate a successor Trustee, which shall be
deemed appointed as successor Trustee unless within ten Business
Days after such nomination the Company objects thereto, in which
case or in the case of a failure by such holders to nominate a
successor Trustee, the Trustee so removed or any Securityholder,
upon the terms and conditions and otherwise as in subsection (a)
of this Section, may petition any court of competent jurisdiction
for an appointment of a successor.

    (d) Any resignation or removal of the Trustee and appointment
of a successor Trustee pursuant to any of the provisions of this
Section shall become effective upon acceptance of appointment by
the successor Trustee as provided in Section 6.10.

    Section 6.10 Acceptance by Successor Trustee.

    Any successor Trustee appointed as provided in Section 6.09
shall execute, acknowledge and deliver to the Company and to its
predecessor Trustee an indenture supplemental hereto which shall
contain such provisions as shall be deemed necessary or desirable
to confirm that all of the rights, powers, trusts and duties of
the retiring Trustee shall be vested in the successor Trustee,
and thereupon the resignation or removal of the retiring Trustee
shall become effective and such successor Trustee, without any
further act, deed or conveyance, shall become vested with all the
rights, powers, duties and obligations with respect to the Debt
Securities of its predecessor hereunder, with like effect as if
originally named as Trustee herein; but, nevertheless, on the
written request of the Company or of the successor Trustee, the
Trustee

<PAGE>

ceasing to act shall, upon payment of the amounts then due it
pursuant to the provisions of Section 6.06, execute and deliver
an instrument transferring to such successor Trustee all the
rights and powers of the Trustee so ceasing to act and shall duly
assign, transfer and deliver to such successor Trustee all
property and money held by such retiring Trustee hereunder. Upon
request of any such successor Trustee, the Company shall execute
any and all instruments in writing for more fully and certainly
vesting in and confirming to such successor Trustee all such
rights and powers. Any Trustee ceasing to act shall,
nevertheless, retain a lien upon all property or funds held or
collected by such Trustee to secure any amounts then due it
pursuant to the provisions of Section 6.06.

    No successor Trustee shall accept appointment as provided in
this Section unless at the time of such acceptance such successor
Trustee shall be eligible and qualified under the provisions of
Section 6.08.

    In no event shall a retiring Trustee be liable for the acts
or omissions of any successor Trustee hereunder.

    Upon acceptance of appointment by a successor Trustee as
provided in this Section, the Company shall mail notice of the
succession of such Trustee hereunder to the holders of Debt
Securities at their addresses as they shall appear on the Debt
Security Register. If the Company fails to mail such notice within
ten Business Days after the acceptance of appointment by the
successor Trustee, the successor Trustee shall cause such notice
to be mailed at the expense of the Company.

    Section 6.11 Succession by Merger, etc.
                 _________________________
    Any corporation into which the Trustee may be merged or
converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or
consolidation to which the Trustee shall be a party, or any
corporation succeeding to all or substantially all of the
corporate trust business of the Trustee, shall be the successor
of the Trustee hereunder without the execution or filing of any
paper or any further act on the part of any of the parties
hereto, provided, that such corporation shall be otherwise
eligible and qualified under this Article.

    In case at the time such successor to the Trustee shall
succeed to the trusts created by this Indenture any of the Debt
Securities shall have been authenticated but not delivered, any
such successor to the Trustee may adopt the certificate of
authentication of any predecessor Trustee, and deliver such Debt
Securities so authenticated; and in case at that time any of the
Debt Securities shall not have been authenticated, any successor
to the Trustee may authenticate such Debt Securities either in
the name of any predecessor hereunder or in the name of the
successor Trustee; and in all such cases such certificates shall
have the full force which it is anywhere in the Debt Securities
or in this Indenture provided that the certificate of the Trustee
shall have; provided, however, that the right to adopt the
certificate of authentication of any predecessor Trustee or
authenticate Debt Securities in the name of any predecessor
Trustee shall apply only to its successor or successors by
merger, conversion or consolidation.

<PAGE>

    Section 6.12 Authenticating Agents.
                 _____________________
    There may be one or more Authenticating Agents appointed by
the Trustee upon the request of the Company with power to act on
its behalf and subject to its direction in the authentication and
delivery of Debt Securities issued upon exchange or registration
of transfer thereof as fully to all intents and purposes as
though any such Authenticating Agent had been expressly
authorized to authenticate and deliver Debt Securities; provided,
however, that the Trustee shall have no liability to the Company
for any acts or omissions of the Authenticating Agent with
respect to the authentication and delivery of Debt Securities.
Any such Authenticating Agent shall at all times be a corporation
organized and doing business under the laws of the United States
or of any state thereof or of the District of Columbia authorized
under such laws to act as Authenticating Agent, having a combined
capital and surplus of at least $50,000,000 and being subject to
supervision or examination by federal, state or District of
Columbia authority. If such corporation publishes reports of
condition at least annually pursuant to law or the requirements
of such authority, then for the purposes of this Section the
combined capital and surplus of such corporation 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 an
Authenticating Agent shall cease to be eligible in accordance
with the provisions of this Section, it shall resign immediately
in the manner and with the effect herein specified in this
Section.

    Any corporation into which any Authenticating Agent may be
merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, consolidation or
conversion to which any Authenticating Agent shall be a party, or
any corporation succeeding to all or substantially all of the
corporate trust business of any Authenticating Agent, shall be
the successor of such Authenticating Agent hereunder, if such
successor corporation is otherwise eligible under this Section
without the execution or filing of any paper or any further act
on the part of the parties hereto or such Authenticating Agent.

    Any Authenticating Agent may at any time resign by giving
written notice of resignation to the Trustee and to the Company.
The Trustee may at any time terminate the agency of any
Authenticating Agent with respect to the Debt Securities by giving
written notice of termination to such Authenticating Agent and to
the Company. Upon receiving such a notice of resignation or upon
such a termination, or in case at any time any Authenticating
Agent shall cease to be eligible under this Section, the Trustee
may, and upon the request of the Company shall, promptly appoint
a successor Authenticating Agent eligible under this Section,
shall give written notice of such appointment to the Company and
shall mail notice of such appointment to all holders of Debt
Securities as the names and addresses of such holders appear on
the Debt Security Register. Any successor Authenticating Agent,
upon acceptance of its appointment hereunder, shall become vested
with all rights, powers, duties and responsibilities of its
predecessor hereunder, with like effect as if originally named as
Authenticating Agent herein.

    The Company agrees to pay to any Authenticating Agent from
time to time reasonable compensation for its services. Any
Authenticating Agent shall have no responsibility or liability
for any action taken by it as such in accordance with the
directions of the Trustee.

<PAGE>

                         ARTICLE VII
                CONCERNING THE SECURITYHOLDERS

    Section 7.01 Action by Securityholders.
                 _________________________
    Whenever in this Indenture it is provided that the holders of
a specified percentage in aggregate principal amount of the Debt
Securities or aggregate liquidation amount of the Capital
Securities may take any action (including the making of any
demand or request, the giving of any notice, consent or waiver or
the taking of any other action), the fact that at the time of
taking any such action the holders of such specified percentage
have joined therein may be evidenced (a) by any instrument or any
number of instruments of similar tenor executed by such
Securityholders or holders of Capital Securities, as the case may
be, in person or by agent or proxy appointed in writing, or (b)
by the record of such holders of Debt Securities voting in favor
thereof at any meeting of such Securityholders duly called and
held in accordance with the provisions of Article VIII or of such
holders of Capital Securities duly called and held in accordance
with the provisions of the Declaration, or (c) by a combination
of such instrument or instruments and any such record of such a
meeting of such Securityholders or holders of Capital Securities,
as the case may be, or (d) by any other method the Trustee deems
satisfactory.

    If the Company shall solicit from the Securityholders any
request, demand, authorization, direction, notice, consent,
waiver or other action or revocation of the same, the Company
may, at its option, as evidenced by an Officers' Certificate, fix
in advance a record date for such Debt Securities for the
determination of Securityholders entitled to give such request,
demand, authorization, direction, notice, consent, waiver or
other action or revocation of the same, but the Company shall
have no obligation to do so. If such a record date is fixed, such
request, demand, authorization, direction, notice, consent,
waiver or other action or revocation of the same may be given
before or after the record date, but only the Securityholders of
record at the close of business on the record date shall be
deemed to be Securityholders for the purposes of determining
whether Securityholders of the requisite proportion of
outstanding Debt Securities have authorized or agreed or
consented to such request, demand, authorization, direction,
notice, consent, waiver or other action or revocation of the
same, and for that purpose the outstanding Debt Securities shall
be computed as of the record date; provided, however, that no
such authorization, agreement or consent by such Securityholders
on the record date shall be deemed effective unless it shall
become effective pursuant to the provisions of this Indenture not
later than six months after the record date.

    Section 7.02 Proof of Execution by Securityholders.
                 ______________________________________
    Subject to the provisions of Sections 6.01, 6.02 and 8.05,
proof of the execution of any instrument by a Securityholder or
such Securityholder's agent or proxy shall be sufficient if made
in accordance with such reasonable rules and regulations as may
be prescribed by the Trustee or in such manner as shall be
satisfactory to the Trustee. The ownership of Debt Securities
shall be proved by the Debt Security Register or by a certificate
of the Debt Security registrar. The Trustee may require such
additional proof of any matter referred to in this  Section as it
shall deem necessary.

<PAGE>

    The record of any Securityholders' meeting shall be proved in
the manner provided in Section 8.06.

    Section 7.03 Who Are Deemed Absolute Owners.

                  _______________________________
    Prior to due presentment for registration of transfer of any
Debt Security, the Company, the Trustee, any Authenticating
Agent, any Paying Agent, any transfer agent and any Debt Security
registrar may deem the Person in whose name such Debt Security
shall be registered upon the Debt Security Register to be, and
may treat such Person as, the absolute owner of such Debt
Security (whether or not such Debt Security shall be overdue) for
the purpose of receiving payment of or on account of the
principal of and premium, if any, and interest on such Debt
Security and for all other purposes; and none of the Company, the
Trustee, any Authenticating Agent, any Paying Agent, any transfer
agent or any Debt Security registrar shall be affected by any
notice to the contrary. All such payments so made to any holder
for the time being or upon such holder's order shall be valid,
and, to the extent of the sum or sums so paid, effectual to
satisfy and discharge the liability for moneys payable upon any
such Debt Security.

    Section 7.04 Debt Securities Owned by Company Deemed Not
                 ___________________________________________
                 Outstanding.
                 ____________
    In determining whether the holders of the requisite aggregate
principal amount of Debt Securities have concurred in any
direction, consent or waiver under this Indenture, Debt
Securities which are owned by the Company or any other obligor on
the Debt Securities or by any Person directly or indirectly
controlling or controlled by or under direct or indirect common
control with the Company (other than the Trust) or any other
obligor on the Debt Securities shall be disregarded and deemed
not to be outstanding for the purpose of any such determination,
provided, that for the purposes of determining whether the
Trustee shall be protected in relying on any such direction,
consent or waiver, only Debt Securities which a Responsible
Officer of the Trustee actually knows are so owned shall be so
disregarded. Debt Securities so owned which have been pledged in
good faith may be regarded as outstanding for the purposes of
this Section if the pledgee shall establish to the satisfaction
of the Trustee the pledgee's right to vote such Debt Securities
and that the pledgee is not the Company or any such other obligor
or Person directly or indirectly controlling or controlled by or
under direct or indirect common control with
the Company or any such other obligor. In the case of a dispute
as to such right, any decision by the Trustee taken upon the
advice of counsel shall be full protection to the Trustee.

    Section 7.05 Revocation of Consents; Future Holders Bound.
                 ____________________________________________
    At any time prior to (but not after) the evidencing to the
Trustee, as provided in Section 7.01, of the taking of any action
by the holders of the percentage in aggregate principal
amount of the Debt Securities specified in this Indenture in
connection with such action, any holder (in cases where no record
date has been set pursuant to Section 7.01) or any holder as of
an applicable record date (in cases where a record date has been
set pursuant to Section 7.01) of a Debt Security (or any Debt
Security issued in whole or in part in exchange or substitution
therefor) the serial number of which is shown by the evidence to
be included in the Debt Securities the holders of which have
consented to such action may, by filing written notice with the
Trustee at the Principal Office of the Trustee and upon proof of
holding as provided in

<PAGE>

Section 7.02, revoke such action so far as concerns such Debt
Security (or so far as concerns the principal amount represented
by any exchanged or substituted Debt Security). Except as
aforesaid any such action taken by the holder of any Debt
Security shall be conclusive and binding upon such holder and
upon all future holders and owners of such Debt Security, and of
any Debt Security issued in exchange or substitution therefor or
on registration of transfer thereof, irrespective of whether or
not any notation in regard thereto is made upon such Debt
Security or any Debt Security issued in exchange or substitution
therefor.

                           ARTICLE VIII
                    SECURITYHOLDERS' MEETINGS

    Section 8.01 Purposes of Meetings.
                 _____________________
    A meeting of Securityholders may be called at any time and
from time to time pursuant to the provisions of this Article VIII
for any of the following purposes:

    (a) to give any notice to the Company or to the Trustee, or
to give any directions to the Trustee, or to consent to the
waiving of any default hereunder and its consequences, or to take
any other action authorized to be taken by Securityholders
pursuant to any of the provisions of Article V;

    (b) to remove the Trustee and nominate a successor trustee
pursuant to the provisions of Article VI;

    (c) to consent to the execution of an indenture or indentures
supplemental hereto pursuant to the provisions of Section 9.02;
or

    (d) to take any other action authorized to be taken by or on
behalf of the holders of any specified aggregate principal amount
of such Debt Securities under any other provision of this
Indenture or under applicable law.

    Section 8.02 Call of Meetings by Trustee.
                 ___________________________
    The Trustee may at any time call a meeting of Securityholders
to take any action specified in Section 8.01, to be held at such
time and at such place in The City of New York, the Borough of
Manhattan, or Wilmington, Delaware, as the Trustee shall
determine. Notice of every meeting of the Securityholders,
setting forth the time and the place of such meeting and in
general terms the action proposed to be taken at such meeting,
shall be mailed to holders of Debt Securities affected at their
addresses as they shall appear on the Debt Securities Register.
Such notice shall be mailed not less than 20 nor more than 180
days prior to the date fixed for the meeting.

    Section 8.03 Call of Meetings by Company or Securityholders.
                 ______________________________________________
    In case at any time the Company pursuant to a Board
Resolution, or the holders of at least 10% in aggregate principal
amount of the Debt Securities, as the case may be, then
outstanding, shall have requested the Trustee to call a meeting
of Securityholders, by written request setting forth in
reasonable detail the action proposed to be taken at the meeting,
and the

<PAGE>

Trustee shall not have mailed the notice of such meeting within
20 days after receipt of such request, then the Company or such
Securityholders may determine the time and the place in
Harrisburg, Pennsylvania for such meeting and may call such
meeting to take any action authorized in Section 8.01, by mailing
notice thereof as provided in Section 8.02.

    Section 8.04 Qualifications for Voting.
                 _________________________
    To be entitled to vote at any meeting of Securityholders, a
Person shall be (a) a holder of one or more Debt Securities or
(b) a Person appointed by an instrument in writing as proxy by a
holder of one or more Debt Securities. The only Persons who shall
be entitled to be present or to speak at any meeting of
Securityholders shall be the Persons entitled to vote at such
meeting and their counsel and any representatives of the Trustee
and its counsel and any representatives of the Company and its
counsel.

    Section 8.05 Regulations.
                 ___________
    Notwithstanding any other provisions of this Indenture, the
Trustee may make such reasonable regulations as it may deem
advisable for any meeting of Securityholders, in regard to proof
of the holding of Debt Securities and of the appointment of
proxies, and in regard to the appointment and duties of
inspectors of votes, the submission and examination of proxies,
certificates and other evidence of the right to vote, and such
other matters concerning the conduct of the meeting as it shall
deem appropriate.

    The Trustee shall, by an instrument in writing, appoint a
temporary chairman of the meeting, unless the meeting shall have
been called by the Company or by Securityholders as provided in
Section 8.03, in which case the Company or the Securityholders
calling the meeting, as the case may be, shall in like manner
appoint a temporary chairman. A permanent chairman and a
permanent secretary of the meeting shall be elected by majority
vote at the meeting.

    Subject to the provisions of Section 7.04, at any meeting
each holder of Debt Securities with respect to which such meeting
is being held or proxy therefor shall be entitled to one vote for
each $1,000 principal amount of Debt Securities held or
represented by such holder; provided, however, that no vote shall
be cast or counted at any meeting in respect of any Debt Security
challenged as not outstanding and ruled by the chairman of the
meeting to be not outstanding. The chairman of the meeting shall
have no right to vote other than by virtue of
Debt Securities held by such chairman or instruments in writing
as aforesaid duly designating such chairman as the Person to vote
on behalf of other Securityholders. Any meeting of
Securityholders duly called pursuant to the provisions of Section
8.02 or 8.03 may be adjourned from time to time by a majority of
those present, whether or not constituting a quorum, and the
meeting may be held as so adjourned without further notice.

    Section 8.06 Voting.
                 ______
    The vote upon any resolution submitted to any meeting of
holders of Debt Securities with respect to which such meeting is
being held shall be by written ballots on which shall be
subscribed the signatures of such holders or of their
representatives by proxy and the serial number or numbers of the
Debt Securities held or represented by them. The permanent
chairman of the meeting shall appoint two inspectors of votes who
shall count all votes cast at

<PAGE>

the meeting for or against any resolution and who shall make and
file with the secretary of the meeting their verified written
reports in triplicate of all votes cast at the meeting. A record
in duplicate of the proceedings of each meeting of
Securityholders shall be prepared by the secretary of the meeting
and there shall be attached to said record the original reports
of the inspectors of votes on any vote by ballot taken thereat
and affidavits by one or more Persons having knowledge of the
facts setting forth a copy of the notice of the meeting and
showing that said notice was mailed as provided in Section 8.02.
The record shall show the serial numbers of the Debt Securities
voting in favor of or against any resolution. The record shall be
signed and verified by the affidavits of the permanent chairman
and secretary of the meeting and one of the
duplicates shall be delivered to the Company and the other to the
Trustee to be preserved by the Trustee, the latter to have
attached thereto the ballots voted at the meeting.

    Any record so signed and verified shall be conclusive
evidence of the matters therein stated.

    Section 8.07 Quorum; Actions.

                 ________________
    The Persons entitled to vote a majority in aggregate
principal amount of the Debt Securities then outstanding shall
constitute a quorum for a meeting of Securityholders; provided,
however, that if any action is to be taken at such meeting with
respect to a consent, waiver, request, demand, notice,
authorization, direction or other action which may be given by
the holders of not less than a specified percentage in aggregate
principal amount of the Debt Securities then outstanding, the
Persons holding or representing such specified percentage in
aggregate principal amount of the Debt Securities then
outstanding will constitute a quorum. In the absence of a quorum
within 30 minutes of the time appointed for any such meeting, the
meeting shall, if convened at the request of Securityholders, be
dissolved. In any other case, the meeting may be adjourned for a
period of not less than 10 days as determined by the permanent
chairman of the meeting prior to the adjournment of such meeting.
In the absence of a quorum at
any such adjourned meeting, such adjourned meeting may be further
adjourned for a period of not less than 10 days as determined by
the permanent chairman of the meeting prior to the
adjournment of such adjourned meeting. Notice of the reconvening
of any adjourned meeting shall be given as provided in Section
8.02, except that such notice need be given only once not
less than five days prior to the date on which the meeting is
scheduled to be reconvened. Notice of the reconvening of an
adjourned meeting shall state expressly the percentage, as
provided above, of the aggregate principal amount of the Debt
Securities then outstanding which shall constitute a quorum.

    Except as limited by the proviso in the first paragraph of
Section 9.02, any resolution presented to a meeting or adjourned
meeting duly reconvened at which a quorum is present as aforesaid
may be adopted by the affirmative vote of the holders of a
majority in aggregate principal amount of the Debt Securities
then outstanding; provided, however, that, except as limited by
the proviso in the first paragraph of Section 9.02, any
resolution with respect to any consent, waiver, request, demand,
notice, authorization, direction or other action that this
Indenture expressly provides may be given by the holders of not
less than a specified percentage in outstanding principal amount
of the Debt Securities may be adopted at a meeting or an
adjourned meeting duly reconvened and at which a quorum is
present as aforesaid only by the

<PAGE>

affirmative vote of the holders of not less than such specified
percentage in aggregate principal amount of the Debt Securities
then outstanding.

    Any resolution passed or decision taken at any meeting of
holders of Debt Securities duly held in accordance with this
Section shall be binding on all the Securityholders, whether or
not present or represented at the meeting.

                        ARTICLE IX
                  SUPPLEMENTAL INDENTURES

    Section 9.01 Supplemental Indentures without Consent of
                 __________________________________________
                 Securityholders.
                 _______________
    The Company, when authorized by a Board Resolution, and the
Trustee may from time to time and at any time enter into an
indenture or indentures supplemental hereto, without the consent
of the Securityholders, for one or more of the following
purposes:

    (a) to evidence the succession of another corporation to the
Company, or successive successions, and the assumption by the
successor corporation of the covenants, agreements and
obligations of the Company, pursuant to Article XI hereof;

    (b) to add to the covenants of the Company such further
covenants, restrictions or conditions for the protection of the
holders of Debt Securities as the Board of Directors shall
consider to be for the protection of the holders of such Debt
Securities, and to make the occurrence, or the occurrence and
continuance, of a Default in any of such additional covenants,
restrictions or conditions a Default or an Event of Default
permitting the enforcement of all or any of the several remedies
provided in this Indenture as herein set forth; provided,
however, that in respect of any such additional covenant,
restriction or condition such supplemental indenture may provide
for a particular period of grace after Default (which period may
be shorter or longer than that allowed in the case of other
Defaults) or may provide for an immediate enforcement upon such
Default or may limit the remedies available to the Trustee upon
such default;

    (c) to cure any ambiguity or to correct or supplement any
provision contained herein or in any supplemental indenture which
may be defective or inconsistent with any other provision
contained herein or in any supplemental indenture, or to make
such other provisions in regard to matters or questions arising
under this Indenture, provided, that any such action shall not
adversely affect the interests of the holders of the Debt
Securities then outstanding;

    (d) to add to, delete from, or revise the terms of Debt
Securities, including, without limitation, any terms relating to
the issuance, exchange, registration or transfer of Debt
Securities, including to provide for transfer procedures and
restrictions substantially similar to those applicable to the
Capital Securities, as required by Section 2.05 (for purposes of
assuring that no registration of Debt Securities is required
under the Securities Act), provided, that any such action shall
not adversely affect the interests of the holders of the Debt
Securities then outstanding (it being understood, for purposes of
this proviso, that transfer restrictions on Debt Securities
substantially similar to those applicable to Capital Securities
shall not be deemed to adversely affect the holders of the Debt
Securities);

<PAGE>

    (e) to evidence and provide for the acceptance of appointment
hereunder by a successor Trustee with respect to the Debt
Securities and to add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee,
pursuant to the requirements of Section 6.10;

    (f) to make any change (other than as elsewhere provided in
this Section) that does not adversely affect the rights of any
Securityholder in any material respect; or

    (g) to provide for the issuance of and establish the form and
terms and conditions of the Debt Securities, to establish the
form of any certifications required to be furnished pursuant to
the terms of this Indenture or the Debt Securities, or to add to
the rights of the holders of Debt Securities.

    The Trustee is hereby authorized to join with the Company in
the execution of any such supplemental indenture, to make any
further appropriate agreements and stipulations which may be
therein contained and to accept the conveyance, transfer and
assignment of any property thereunder, but the Trustee shall not
be obligated to, but may in its discretion, enter into any such
supplemental indenture which affects the Trustee's own rights,
duties or immunities under this Indenture or otherwise.

    Any supplemental indenture authorized by the provisions of
this Section may be executed by the Company and the Trustee
without the consent of the holders of any of the Debt Securities
at the time outstanding, notwithstanding any of the provisions of
Section 9.02.

    Section 9.02 Supplemental Indentures with Consent of
                 _______________________________________
                 Securityholders.
                 ________________
    With the consent (evidenced as provided in Section 7.01) of
the holders of a majority in aggregate principal amount of the
Debt Securities at the time outstanding affected by such
supplemental indenture, the Company, when authorized by a Board
Resolution, and the Trustee may from time to time and at any time
enter into an indenture or indentures supplemental hereto (which
shall conform to the provisions of the Trust Indenture Act, then
in effect, applicable to indentures qualified thereunder) for the
purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Indenture or of any
supplemental indenture or of modifying in any manner the rights
of the holders of the Debt Securities; provided, however, that no
such supplemental indenture shall, without the consent of the
holders of each Debt Security then outstanding and affected
thereby, (i) change the Maturity
Date of any Debt Security, or reduce the principal amount thereof
or any premium thereon, or reduce the rate (or manner of
calculation of the rate) or extend the time of payment of
interest thereon, or reduce (other than as a result of the
maturity or earlier redemption of any such Debt Security in
accordance with the terms of this Indenture and such Debt
Security) or increase the aggregate principal amount of Debt
Securities then outstanding, or change any of the redemption
provisions, or make the principal thereof or any interest or
premium thereon payable in any coin or currency other than United
States Dollars, or impair or affect the right of any
Securityholder to institute suit for payment thereof, or (ii)
reduce the aforesaid percentage of Debt Securities the holders of
which are required to consent to any such supplemental indenture;
and provided, further, that if the Debt Securities are held by
the Trust or the trustee of the Trust, such supplemental
indenture shall not be effective until the holders of a majority
in aggregate

<PAGE>

liquidation amount of the outstanding Capital Securities shall
have consented to such supplemental indenture; provided, further,
that if the consent of the Securityholder of each
outstanding Debt Security is required, such supplemental
indenture shall not be effective until each holder of the
outstanding Capital Securities shall have consented to such
supplemental indenture.

    Upon the request of the Company accompanied by a Board
Resolution authorizing the execution of any such supplemental
indenture, and upon the filing with the Trustee of evidence of
the consent of Securityholders (and holders of Capital
Securities, if required) as aforesaid, the Trustee shall join
with the Company in the execution of such supplemental indenture
unless such supplemental indenture affects the Trustee's own
rights, duties or immunities under this Indenture or otherwise,
in which case the Trustee may in its discretion, but shall not be
obligated to, enter into such supplemental indenture.

    Promptly after the execution by the Company and the Trustee
of any supplemental indenture pursuant to the provisions of this
Section, the Trustee shall transmit by mail, first class postage
prepaid, a notice, prepared by the Company, setting forth in
general terms the substance of such supplemental indenture, to the
Securityholders as their names and addresses appear upon the Debt
Security Register. Any failure of the Trustee to mail such notice,
or any defect therein, shall not, however, in any way impair or
affect the validity of any such supplemental indenture.

    It shall not be necessary for the consent of the
Securityholders under this Section to approve the particular form
of any proposed supplemental indenture, but it shall be
sufficient if such consent shall approve the substance thereof.

    Section 9.03 Effect of Supplemental Indentures.

                  __________________________________
    Upon the execution of any supplemental indenture pursuant
to the provisions of this Article IX, this Indenture shall be and
be deemed to be modified and amended in accordance therewith and
the respective rights, limitations of rights, obligations, duties
and immunities under this Indenture of the Trustee, the Company
and the holders of Debt Securities shall thereafter be
determined, exercised and enforced hereunder subject in all
respects to such modifications and amendments and all the terms
and conditions of any such supplemental indenture shall be and be
deemed to be part of the terms and conditions of this Indenture
for any and all purposes.

    Section 9.04 Notation on Debt Securities.
                 ___________________________
    Debt Securities authenticated and delivered after the
execution of any supplemental indenture pursuant to the
provisions of this Article IX may bear a notation as to any
matter provided for in such supplemental indenture. If the
Company or the Trustee shall so determine, new Debt Securities so
modified as to conform, in the opinion of the Board of Directors
of the Company, to any modification of this Indenture contained
in any such supplemental indenture may be prepared and executed
by the Company, authenticated by the Trustee or the
Authenticating Agent and delivered in exchange for the Debt
Securities then outstanding.

<PAGE>

    Section 9.05 Evidence of Compliance of Supplemental
                 _______________________________________
                 Indenture to be Furnished to Trustee.
                 _______________________________________
    The Trustee, subject to the provisions of Sections 6.01 and
6.02, shall, in addition to the documents required by Section
14.06, receive an Officers' Certificate as conclusive evidence
that any supplemental indenture executed pursuant hereto complies
with the requirements of this Article IX. The Trustee shall also
receive an Opinion of Counsel as conclusive evidence that any
supplemental indenture executed pursuant to this Article IX is
authorized or permitted by, and conforms to, the terms of this
Article IX and that it is proper for the Trustee under the
provisions of this Article IX to join in the execution thereof.

                          ARTICLE X
                 REDEMPTION OF SECURITIES

    Section 10.01 Optional Redemption.
                  ___________________
    The Company shall have the right, subject to the receipt by
the Company of the prior approval from the Federal Reserve, if
then required under applicable capital guidelines or policies of
the Federal Reserve, to redeem the Debt Securities, in whole or
(provided that all accrued and unpaid interest has been paid on
all Debt Securities for all Interest Periods terminating on or
prior to such date) from time to time in part, on any Interest
Payment Date on or after November 23, 2009 (each, an "Optional
Redemption Date"), at the Optional Redemption Price.

    Section 10.02 Special Event Redemption.
                  ________________________
    If a Special Event shall occur and be continuing, the Company
shall have the right, subject to the receipt by the Company of
prior approval from the Federal Reserve, if then required under
applicable capital guidelines or policies of the Federal Reserve,
to redeem the Debt Securities, in whole but not in part, at any
time within 90 days following the occurrence of such Special
Event (the "Special Redemption Date"), at the Special Redemption
Price.

    Section 10.03 Notice of Redemption; Selection of Debt
                  _______________________________________
                  Securities.
                  __________
    In case the Company shall desire to exercise the right to
redeem all, or, as the case may be, any part of the Debt
Securities, it shall fix a date for redemption and shall mail, or
cause the Trustee to mail (at the expense of the Company), a
notice of such redemption at least 30 and not more than 60 days
prior to the date fixed for redemption to the holders of Debt
Securities so to be redeemed as a whole or in part at their last
addresses as the same appear on the Debt Security Register. Such
mailing shall be by first class mail. The notice if mailed in the
manner herein provided shall be conclusively presumed to have
been duly given, whether or not the holder receives such notice.
In any case, failure to give such notice by mail or any defect in
the notice to the holder of any Debt Security designated for
redemption as a whole or in part shall not affect the validity of
the proceedings for the redemption of any other Debt Security.

    Each such notice of redemption shall specify the CUSIP
number, if any, of the Debt Securities to be redeemed, the date
fixed for redemption, the price (or manner of calculation of the
price) at which Debt Securities are to be redeemed, the place or
places of

<PAGE>

payment, that payment will be made upon presentation and
surrender of such Debt Securities, that interest accrued to the
date fixed for redemption will be paid as specified in said
notice, and that on and after said date interest thereon or on
the portions thereof to be redeemed will cease to accrue. If less
than all the Debt Securities are to be redeemed, the notice of
redemption shall specify the numbers of the Debt Securities to be
redeemed. In case the Debt Securities are to be
redeemed in part only, the notice of redemption shall state the
portion of the principal amount thereof to be redeemed and shall
state that on and after the date fixed for redemption, upon
surrender of such Debt Security, a new Debt Security or Debt
Securities in principal amount equal to the unredeemed portion
thereof will be issued.

    Prior to 10:00 a.m., New York City time, on the Optional
Redemption Date or the Special Redemption Date specified in the
notice of redemption given as provided in this Section, the
Company will deposit with the Trustee or with one or more Paying
Agents an amount of money sufficient to redeem on such date all
the Debt Securities so called for redemption at the applicable
price therefor, together with unpaid interest accrued to such
date.

    The Company will give the Trustee notice not less than 45 nor
more than 75 days prior to the date fixed for redemption as to
the price at which the Debt Securities are to be redeemed and the
aggregate principal amount of Debt Securities to be redeemed and
the Trustee shall select, in such manner as in its sole
discretion it shall deem appropriate and fair, the Debt
Securities or portions thereof (in integral multiples of $1,000)
to be redeemed.

    Section 10.04 Payment of Debt Securities Called for
                  _______________________________________
                  Redemption.
                  ___________
    If notice of redemption has been given as provided in Section
10.03, the Debt Securities or portions of Debt Securities with
respect to which such notice has been given shall become due and
payable on the related Optional Redemption Date or Special
Redemption Date (as the case may be) and at the place or places
stated in such notice at the applicable price therefor, together
with unpaid interest accrued thereon to said Optional Redemption
Date or the Special Redemption Date (as the case may be), and on
and after said Optional Redemption Date or the Special Redemption
Date (as the case may be) (unless the Company shall default in
the payment of such Debt Securities at the redemption price,
together with unpaid interest accrued thereon to said date)
interest on the Debt Securities or portions of Debt Securities so
called for redemption shall cease to accrue. On presentation and
surrender of such Debt Securities at a place of payment specified
in said notice, such Debt Securities or the specified portions
thereof shall be paid and redeemed by the Company at the
applicable price therefor, together with unpaid interest, if any,
accrued thereon to said Optional Redemption Date or the Special
Redemption Date (as the case may be); provided, however, that
interest payable on any Interest Payment Date on or prior to said
Optional Redemption Date or the Special Redemption Date will be
paid to the holders on the relevant regular record date.

    Upon presentation of any Debt Security redeemed in part only,
the Company shall execute and the Trustee shall authenticate and
make available for delivery to the holder thereof, at the expense
of the Company, a new Debt Security or Debt Securities of
authorized denominations in principal amount equal to the
unredeemed portion of the Debt Security so presented.

<PAGE>

                           ARTICLE XI
            CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE

    Section 11.01 Company May Consolidate, etc., on Certain
                  _________________________________________
                  Terms.
                  ______
    Nothing contained in this Indenture or in the Debt Securities
shall prevent any consolidation or merger of the Company with or
into any other corporation or corporations (whether or not
affiliated with the Company) or successive consolidations or
mergers in which the Company or its successor or successors shall
be a party or parties, or shall prevent any sale, conveyance,
transfer or other disposition of all or substantially all of the
property or capital stock of the Company or its successor or
successors to any other corporation (whether or not affiliated
with the Company or its successor or successors) authorized to
acquire and operate the same; provided, however, that the Company
hereby covenants and agrees that (i) upon any such consolidation,
merger (where the Company is not the surviving corporation),
sale, conveyance, transfer or other disposition, the successor
entity shall be a corporation organized and existing under the
laws of the United States or any state thereof or the District of
Columbia (unless such corporation has (1) agreed to make all
payments due in respect of the Debt Securities or, if
outstanding, the Trust Securities and the Capital Securities
Guarantee without withholding or deduction for, or on account of,
any taxes, duties, assessments or other governmental charges
under the laws or regulations of the jurisdiction of organization
or residence (for tax purposes) of such corporation or any
political subdivision or taxing authority thereof or therein
unless required by applicable law, in which case such corporation
shall have agreed to pay such additional amounts as shall be
required so that the net amounts received and retained by the
holders of such Debt Securities or Trust Securities, as the case
may be, after payment of all taxes (including withholding taxes),
duties, assessments or other governmental charges, will be equal
to the amounts that such holders would have received and retained
had no such taxes (including withholding taxes), duties,
assessments or other governmental charges been imposed, (2)
irrevocably and unconditionally consented and submitted to the
jurisdiction of any United States federal court or New York state
court, in each case located in the Borough of Manhattan, The City
of New York, in respect of any action, suit or proceeding against
it arising out of or in connection with this Indenture, the Debt
Securities, the Capital Securities Guarantee or the Declaration
and irrevocably and unconditionally waived, to the fullest extent
permitted by law, any objection to the laying of venue in any
such court or that any such action, suit or proceeding has been
brought in an inconvenient forum and (3) irrevocably appointed an
agent in The City of New York for service of process in any
action, suit or proceeding referred to in clause (2) above) and
such corporation expressly assumes all of the obligations of the
Company under the Debt Securities, this Indenture, the Capital
Securities Guarantee and the Declaration and (ii) after giving
effect to any such consolidation, merger, sale, conveyance,
transfer or other disposition, no Default or Event of Default
shall have occurred and be continuing.

    Section 11.02 Successor Entity to be Substituted.
                  ___________________________________
    In case of any such consolidation, merger, sale, conveyance,
transfer or other disposition contemplated in Section 11.01 and
upon the assumption by the successor corporation, by supplemental
indenture, executed and delivered to the Trustee and reasonably
satisfactory in form to the Trustee, of the due and punctual
payment of the principal of and premium, if any, and interest on
all of the Debt Securities and the due and punctual performance
and observance

<PAGE>

of all of the covenants and conditions of this Indenture to be
performed or observed by the Company, such successor corporation
shall succeed to and be substituted for the Company, with the
same effect as if it had been named herein as the Company, and
thereupon the predecessor entity shall be relieved of any further
liability or obligation hereunder or upon the Debt Securities.
Such successor corporation thereupon may cause to be signed, and
may issue either in its own name or in the name of the Company,
any or all of the Debt Securities issuable hereunder which
theretofore shall not have been signed by the Company and
delivered to the Trustee or the Authenticating Agent; and, upon
the order of such successor corporation instead of the Company
and subject to all the terms, conditions and limitations in this
Indenture prescribed, the Trustee or the Authenticating Agent
shall authenticate and deliver any Debt Securities which
previously shall have been signed and delivered by the officers
of the Company to the Trustee or the Authenticating Agent for
authentication, and any Debt Securities which such successor
corporation thereafter shall cause to be signed and delivered to
the Trustee or the Authenticating Agent for that purpose. All the
Debt Securities so issued shall in all respects have the same
legal rank and benefit under this Indenture as the Debt
Securities theretofore or thereafter issued in accordance with
the terms of this Indenture as though all of such Debt Securities
had been issued at the date of the execution hereof.

    Section 11.03 Opinion of Counsel to be Given to Trustee.
                  _________________________________________
    The Trustee, subject to the provisions of Sections 6.01 and
6.02, shall receive, in addition to the Opinion of Counsel
required by Section 9.05, an Opinion of Counsel as conclusive
evidence that any consolidation, merger, sale, conveyance,
transfer or other disposition, and any assumption, permitted or
required by the terms of this Article XI complies with the
provisions of this Article XI.

                            ARTICLE XII
              SATISFACTION AND DISCHARGE OF INDENTURE

    Section 12.01 Discharge of Indenture.
                  ______________________
When (a) the Company shall deliver to the Trustee for
cancellation all Debt Securities theretofore authenticated (other
than any Debt Securities which shall have been destroyed, lost or
stolen and which shall have been replaced or paid as provided in
Section 2.06) and not theretofore canceled, or (b) all the Debt
Securities not theretofore canceled or delivered to the Trustee
for cancellation shall have become due and payable, or are by
their terms to become due and payable within one year or are to
be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of
redemption, and the Company shall deposit with the Trustee, in
trust, funds, which shall be immediately due and payable,
sufficient to pay at maturity or upon redemption all of the Debt
Securities (other than any Debt Securities which shall have been
destroyed, lost or stolen and which shall have been replaced or
paid as provided in Section 2.06) not theretofore canceled or
delivered to the Trustee for cancellation, including principal
and premium, if any, and interest due or to become due to the
Maturity Date, any Optional Redemption Date or the Special
Redemption Date, as the case may be, but excluding, however, the
amount of any moneys for the payment of principal of and premium,
if any, or interest on the Debt Securities (1) theretofore repaid
to the Company in accordance with the provisions of Section
12.04, or (2) paid to any state or to the District of

<PAGE>

Columbia pursuant to its unclaimed property or similar laws, and
if in the case of either clause (a) or (b) above the Company
shall also pay or cause to be paid all other sums payable
hereunder by the Company, then this Indenture shall cease to be
of further effect except for the provisions of Sections 2.05,
2.06, 3.01, 3.02, 3.04, 6.06, 6.09 and 12.04 hereof, which shall
survive until such Debt Securities shall mature or are redeemed,
as the case may be, and are paid in full. Thereafter, Sections
6.06, 6.09 and 12.04 shall survive, and the Trustee, on demand of
the Company accompanied by an Officers' Certificate and an
Opinion of Counsel, each stating that all conditions precedent
herein provided for relating to the satisfaction and discharge of
this Indenture have been complied with, and at the cost and
expense of the Company, shall execute proper instruments
acknowledging satisfaction of and discharging this Indenture, the
Company, however, hereby agreeing to reimburse the Trustee for
any costs or expenses thereafter reasonably and properly incurred
by the Trustee in connection with this Indenture or the Debt
Securities.

    Section 12.02 Deposited Moneys to be Held in Trust by
                  _______________________________________
                  Trustee.
                  _______
    Subject to the provisions of Section 12.04, all moneys
deposited with the Trustee pursuant to Section 12.01 shall be
held in trust and applied by it to the payment, either directly
or through any Paying Agent (including the Company if acting as
its own Paying Agent), to the holders of the particular Debt
Securities for the payment of which such moneys have been
deposited with the Trustee, of all sums due and to become due
thereon for principal, premium, if any, and interest.

    Section 12.03 Paying Agent to Repay Moneys Held.
                  _________________________________
    Upon the satisfaction and discharge of this Indenture, all
moneys then held by any Paying Agent of the Debt Securities
(other than the Trustee) shall, upon demand of the Company, be
repaid to the Company or paid to the Trustee, and thereupon such
Paying Agent shall be released from all further liability with
respect to such moneys.

    Section 12.04 Return of Unclaimed Moneys.
                  __________________________
    Any moneys deposited with or paid to the Trustee or any
Paying Agent for payment of the principal of and premium, if any,
or interest on Debt Securities and not applied but remaining
unclaimed by the holders of Debt Securities for two years after
the date upon which the principal of and premium, if any, or
interest on such Debt Securities, as the case may be, shall have
become due and payable, shall be repaid to the Company by the
Trustee or such Paying Agent on written demand; and the holder of
any of the Debt Securities shall thereafter look only to the
Company for any payment which such holder may be entitled to
collect and all liability of the Trustee or such Paying Agent
with respect to such moneys shall thereupon cease.

<PAGE>

                            ARTICLE XIII
               IMMUNITY OF INCORPORATORS, STOCKHOLDERS,
                       OFFICERS AND DIRECTORS

    Section 13.01 Indenture and Debt Securities Solely Corporate
                  ______________________________________________
                  Obligations.
                  ____________

    No recourse for the payment of the principal of or premium,
of any, or interest on any Debt Security, or for any claim based
thereon or otherwise in respect thereof, and no recourse under or
upon any obligation, covenant or agreement of the Company in this
Indenture or in any supplemental indenture, or in any such Debt
Security, or because of the creation of any indebtedness
represented thereby, shall be had against any incorporator,
stockholder, officer, director, employee or agent, as such, past,
present or future, of the Company or of any predecessor or
successor corporation of the Company, either directly or through
the Company or any successor corporation of the Company, whether
by virtue of any constitution, statute or rule of law, or by the
enforcement of any assessment or penalty or otherwise; it being
expressly understood that all such liability is hereby expressly
waived and released as a condition of, and as a consideration
for, the execution of this Indenture and the issue of the Debt
Securities.

                           ARTICLE XIV
                     MISCELLANEOUS PROVISIONS

    Section 14.01 Successors.

    All the covenants, stipulations, promises and agreements of
the Company contained in this Indenture shall bind its successors
and assigns, whether so expressed or not.

    Section 14.02 Official Acts by Successor Entity.
                  _________________________________
    Any act or proceeding by any provision of this Indenture
authorized or required to be done or performed by any board,
committee or officer of the Company shall and may be done
and performed with like force and effect by the like board,
committee, officer or other authorized Person of any entity that
shall at the time be the lawful successor of the Company.

    Section 14.03 Surrender of Company Powers.
                  ____________________________
    The Company, by instrument in writing executed by authority
of 2/3 (two thirds) of its Board of Directors and delivered to
the Trustee, may surrender any of the powers reserved
to the Company and thereupon such power so surrendered shall
terminate both as to the Company and as to any permitted
successor.

    Section 14.04 Addresses for Notices, etc.
                  __________________________
    Any notice or demand which by any provision of this Indenture
is required or permitted to be given or served by the Trustee or
by the Securityholders on the Company may be given or served in
writing by being deposited postage prepaid by registered or
certified mail in a post office letter box addressed (until
another address is filed by the Company with the Trustee for such
purpose) to the Company at P.O. Box 567, Mount Joy, PA 17552,
Attention: Clement M. Hoober. Any notice, direction, request or
demand by any Securityholder or the Company to

<PAGE>

or upon the Trustee shall be deemed to have been sufficiently
given or made, for all purposes, if given or made in writing at
the office of Wilmington Trust Company at Rodney Square North,
1100 North Market Street, Wilmington, DE 19890-0001, Attention:
Corporate Capital Markets.

    Section 14.05 Governing Law.
                  ______________
    This Indenture and the Debt Securities shall each be governed
by, and construed in accordance with, the laws of the State of
New York, without regard to conflict of laws principles of said
State other than Section 5-1401 of the New York General
Obligations Law.

    Section 14.06 Evidence of Compliance with Conditions
                  ______________________________________
                  Precedent.
                  _________
    Upon any application or demand by the Company to the Trustee
to take any action under any of the provisions of this Indenture,
the Company shall furnish to the Trustee an Officers' Certificate
stating that in the opinion of the signers all conditions
precedent, if any, provided for in this Indenture relating to the
proposed action have been complied with and an
Opinion of Counsel stating that, in the opinion of such counsel,
all such conditions precedent have been complied with (except
that no such Opinion of Counsel is required to be furnished to
the Trustee in connection with the authentication and issuance of
Debt Securities).

    Each certificate or opinion provided for in this Indenture
and delivered to the Trustee with respect to compliance with a
condition or covenant provided for in this Indenture (except
certificates delivered pursuant to Section 3.05) shall include
(a) a statement that the person making such certificate or
opinion has read such covenant or condition and the definitions
relating thereto; (b) a brief statement as to the nature and
scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion
are based; (c) a statement that, in the opinion of such person,
he or she has made such examination or investigation as is
necessary to enable him or her 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 or not, in the opinion of
such person, such condition or covenant has been complied with.

    Section 14.07 Business Day Convention.
                  _______________________
    Notwithstanding anything to the contrary contained herein, if
any Interest Payment Date after the Interest Payment Date in
November 23, 2007, other than the Maturity Date, any Optional
Redemption Date or the Special Redemption Date, falls on a day
that is not a Business Day, then any interest payable will be
paid on, and such Interest Payment Date will be moved to, the
next succeeding Business Day, and additional interest will accrue
for each day that such payment is delayed as a result thereof. If
any Interest Payment Date on or prior to the
Interest Payment Date in November 23, 2007, the Maturity Date,
any Optional Redemption Date or the Special Redemption Date falls
on a day that is not a Business Day, then the principal,
premium, if any, and/or interest payable on such date will be
paid on the next succeeding Business Day, and no additional
interest will accrue in respect of such payment made on such
next succeeding Business Day.

<PAGE>

    Section 14.08 Table of Contents, Headings, etc.
                  _________________________________
    The table of contents and the titles and headings of the
Articles and Sections of this Indenture have been inserted for
convenience of reference only, are not to be considered a part
hereof, and shall in no way modify or restrict any of the terms
or provisions hereof.

    Section 14.09 Execution in Counterparts.
                  __________________________
    This Indenture may be executed in any number of counterparts,
each of which shall be an original, but such counterparts shall
together constitute but one and the same instrument.

    Section 14.10 Separability.
                  ____________
    In case any one or more of the provisions contained in this
Indenture or in the Debt Securities shall for any reason be held
to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any
other provisions of this Indenture or of such Debt Securities,
but this Indenture and such Debt Securities shall be construed as
if such invalid, illegal or unenforceable provision had never
been contained herein or therein.

    Section 14.11 Assignment.
                  __________
    Subject to Article XI, the Company will have the right at all
times to assign any of its rights or obligations under this
Indenture and the Debt Securities to a direct or indirect wholly
owned Subsidiary of the Company; provided, however, that, in the
event of any such assignment, the Company will remain liable for
all such obligations. Subject to the foregoing, this Indenture is
binding upon and inures to the benefit of the parties hereto and
their respective successors and assigns. This Indenture may not
otherwise be assigned by the parties thereto.

    Section 14.12 Acknowledgment of Rights.
                  ________________________
    The Company acknowledges that, with respect to any Debt
Securities held by the Trust or a trustee of the Trust, if such
trustee of the Trust fails to enforce its rights under this
Indenture as the holder of Debt Securities held as the assets of
the Trust after the holders of a majority in aggregate
liquidation amount of the outstanding Capital Securities of the
Trust have so directed in writing such trustee, a holder of
record of such Capital Securities may, to the fullest extent
permitted by law, institute legal proceedings directly against
the Company to enforce such trustee's rights under this Indenture
without first instituting any legal proceedings
against such trustee or any other Person. Notwithstanding the
foregoing, if an Event of Default has occurred and is continuing
and such event is attributable to the failure of the Company to
pay interest or premium, if any, on or principal of the Debt
Securities on the date such interest, premium, if any, or
principal is otherwise due and payable (or, in the case of
redemption, on the related Optional Redemption Date or the
Special Redemption Date (as the case may be)), the
Company acknowledges that a holder of outstanding Capital
Securities of the Trust may directly institute a proceeding
against the Company for enforcement of payment to such holder
directly of the principal of or premium, if any, or interest on
the Debt Securities having an aggregate principal amount equal to
the aggregate liquidation amount of the Capital Securities of
such

<PAGE>

holder on or after the respective due date (or Optional
Redemption Date or Special Redemption Date (as the case may be))
specified in the Debt Securities.

                            ARTICLE XV
                 SUBORDINATION OF DEBT SECURITIES
    Section 15.01 Agreement to Subordinate.
                  _________________________
    The Company covenants and agrees, and each holder of Debt
Securities issued hereunder and under any supplemental indenture
(the "Additional Provisions") by such holder's acceptance thereof
likewise covenants and agrees, that all Debt Securities shall be
issued subject to the provisions of this Article XV; and each
holder of a Debt Security, whether upon original
issue or upon transfer or assignment thereof, accepts and agrees
to be bound by such provisions.

    The payment by the Company of the payments due on all Debt
Securities issued hereunder and under any Additional Provisions
shall, to the extent and in the manner hereinafter set forth, be
subordinated and junior in right of payment to the prior payment
in full of all Senior Indebtedness of the Company, whether
outstanding at the date of this Indenture or thereafter incurred.

    No provision of this Article XV shall prevent the occurrence
of any default or Event of Default hereunder.

    Section 15.02 Default on Senior Indebtedness.
                  ________________________________
    In the event and during the continuation of any default by
the Company in the payment of principal, premium, interest or any
other payment due on any Senior Indebtedness of the Company
following any applicable grace period, or in the event that the
maturity of any Senior Indebtedness of the Company has been
accelerated because of a default, and such acceleration has not
been rescinded or canceled and such Senior Indebtedness has not
been paid in full, then, in either case, no payment shall be made
by the Company with respect to the payments due on the Debt
Securities.

    In the event that, notwithstanding the foregoing, any payment
shall be received by the Trustee or any Securityholder when such
payment is prohibited by the preceding paragraph
of this Section, such payment shall, subject to Section 15.06, be
held in trust for the benefit of, and shall be paid over or
delivered to, the holders of Senior Indebtedness or their
respective representatives, or to the trustee or trustees under
any indenture pursuant to which any of such Senior Indebtedness
may have been issued, as their respective interests may appear,
but only to the extent that the holders of the Senior
Indebtedness (or their representative or representatives or
trustee) notify the Trustee in writing within 90 days of such
payment of the amounts then due and owing on the Senior
Indebtedness and only the amounts specified in such notice to the
Trustee shall be paid to the holders of Senior Indebtedness.

    Section 15.03 Liquidation; Dissolution; Bankruptcy.
                  ____________________________________
    Upon any payment by the Company or distribution of assets of
the Company of any kind or character, whether in cash, property
or securities, to creditors upon any dissolution,

<PAGE>

winding-up, liquidation or reorganization of the Company, whether
voluntary or involuntary or in bankruptcy, insolvency,
receivership or other proceedings, all amounts due upon all
Senior Indebtedness of the Company shall first be paid in full,
or payment thereof provided for in money in accordance with its
terms, before any payment is made by the Company on the Debt
Securities; and upon any such dissolution, winding-up,
liquidation or reorganization, any payment by the Company, or
distribution of assets of the Company of any kind or character,
whether in cash, property or securities, to which the
Securityholders or the Trustee would be entitled to receive from
the Company, except for the provisions of this Article XV, shall
be paid by the Company, or by any receiver, trustee in
bankruptcy, liquidating trustee, agent or other Person making
such payment or distribution, or by the Securityholders or by the
Trustee under this Indenture if received by them or it, directly
to the holders of Senior Indebtedness of the Company (pro rata to
such holders on the basis of the respective amounts of Senior
Indebtedness held by such holders, as calculated by the Company)
or their representative or representatives, or to the trustee or
trustees under any indenture pursuant to which any instruments
evidencing such Senior Indebtedness may have been issued, as
their respective interests may appear, to the extent necessary to
pay such Senior Indebtedness in full, in money or money's worth,
after giving effect to any concurrent payment or distribution to
or for the holders of such Senior Indebtedness, before any
payment or distribution is made to the Securityholders or to the
Trustee.

    In the event that, notwithstanding the foregoing, any payment
or distribution of assets of the Company of any kind or
character, whether in cash, property or securities, prohibited by
the foregoing shall be received by the Trustee or any
Securityholder before all Senior Indebtedness of the Company is
paid in full, or provision is made for such payment in money in
accordance with its terms, such payment or distribution shall be
held in trust for the benefit of, and shall be paid over or
delivered to, the holders of such Senior Indebtedness or their
representative or representatives, or to the trustee or trustees
under any indenture pursuant to which any instruments evidencing
such Senior Indebtedness may have been issued, as their
respective interests may appear, as calculated by the Company,
for application to the payment of all Senior Indebtedness of the
Company remaining unpaid to the extent necessary to pay such
Senior Indebtedness in full in money in accordance with its
terms, after giving effect to any concurrent payment or
distribution to or for the benefit of the holders of such Senior
Indebtedness.

    For purposes of this Article XV, the words "cash, property or
securities" shall not be deemed to include shares of stock of the
Company as reorganized or readjusted, or securities of the
Company or any other corporation provided for by a plan of
reorganization or readjustment, the payment of which is
subordinated at least to the extent provided in this Article XV
with respect to the Debt Securities to the payment of all Senior
Indebtedness of the Company, that may at the time be outstanding,
provided, that (a) such Senior Indebtedness is assumed by the new
corporation, if any, resulting from any such reorganization or
readjustment, and (b) the rights of the holders of such Senior
Indebtedness are not, without the consent of such holders,
altered by such reorganization or readjustment. The consolidation
of the Company with, or the merger of the Company into, another
corporation or the liquidation or dissolution of the Company
following the conveyance, transfer or other disposition of its
property as an entirety, or substantially as an entirety, to
another corporation upon the terms and conditions provided for in
Article XI of this Indenture shall not be deemed a dissolution,
winding-up, liquidation or reorganization for the purposes of
this Section if such other corporation shall, as a part of such

<PAGE>

consolidation, merger, conveyance or transfer, comply with the
conditions stated in Article XI of this Indenture. Nothing in
Section 15.02 or in this Section shall apply to claims of, or
payments to, the Trustee under or pursuant to Section 6.06 of
this Indenture.

    Section 15.04 Subrogation.
                  ___________
    Subject to the payment in full of all Senior Indebtedness of
the Company, the Securityholders shall be subrogated to the
rights of the holders of such Senior Indebtedness to receive
payments or distributions of cash, property or securities of the
Company applicable to such Senior Indebtedness until all payments
due on the Debt Securities shall be paid in full; and, for the
purposes of such subrogation, no payments or distributions to the
holders of such Senior Indebtedness of any cash, property or
securities to which the Securityholders or the Trustee would be
entitled except for the provisions of this Article XV, and no
payment over pursuant to the provisions of this Article XV to or
for the benefit of the holders of such Senior Indebtedness by
Securityholders or the Trustee, shall, as between the Company,
its creditors other than holders of Senior Indebtedness of the
Company, and the holders of the Debt Securities be deemed to be a
payment or distribution by the Company to or on account of such
Senior Indebtedness. It is understood that the provisions of this
Article XV are, and are intended, solely for the purposes of
defining the relative rights of the holders of the Debt
Securities, on the one hand, and the holders of such Senior
Indebtedness, on the other hand.

    Nothing contained in this Article XV or elsewhere in this
Indenture, any Additional Provisions or in the Debt Securities is
intended to or shall impair, as between the Company, its
creditors other than the holders of Senior Indebtedness of the
Company, and the holders of the Debt Securities, the obligation
of the Company, which is absolute and unconditional, to pay to
the holders of the Debt Securities all payments on the Debt
Securities as and when the same shall become due and payable in
accordance with their terms, or is intended to or shall affect
the relative rights of the holders of the Debt Securities and
creditors of the Company other than the holders of Senior
Indebtedness of the Company, nor shall anything herein or therein
prevent the Trustee or the holder of any Debt Security from
exercising all remedies otherwise permitted by applicable law
upon default under this Indenture, subject to the rights, if any,
under this Article XV of the holders of such Senior Indebtedness
in respect of cash, property or securities of the Company
received upon the exercise of any such remedy.

    Upon any payment or distribution of assets of the Company
referred to in this Article XV, the Trustee, subject to the
provisions of Article VI of this Indenture, and the
Securityholders shall be entitled to conclusively rely upon any
order or decree made by any court of competent jurisdiction in
which such dissolution, winding-up, liquidation or reorganization
proceedings are pending, or a certificate of the receiver,
trustee in bankruptcy, liquidation trustee, agent or other Person
making such payment or distribution, delivered to the Trustee or
to the Securityholders, for the purposes of ascertaining the
Persons entitled to participate in such
distribution, the holders of Senior Indebtedness and other
indebtedness of the Company, the amount thereof or payable
thereon, the amount or amounts paid or distributed thereon and
all other facts pertinent thereto or to this Article XV.

<PAGE>

    Section 15.05 Trustee to Effectuate Subordination.

    Each Securityholder, by such Securityholder's acceptance
thereof, authorizes and directs the Trustee on such
Securityholder's behalf to take such action as may be necessary
or appropriate to effectuate the subordination provided in this
Article XV and appoints the Trustee such Securityholder's
attorney-in-fact for any and all such purposes.

    Section 15.06 Notice by the Company.
                  _____________________
    The Company shall give prompt written notice to a Responsible
Officer of the Trustee at the Principal Office of the Trustee of
any fact known to the Company that would
prohibit the making of any payment of moneys to or by the Trustee
in respect of the Debt Securities pursuant to the provisions of
this Article XV. Notwithstanding the provisions of this Article
XV or any other provision of this Indenture or any Additional
Provisions, the Trustee shall not be charged with knowledge of
the existence of any facts that would prohibit the making of any
payment of moneys to or by the Trustee in respect of the Debt
Securities pursuant to the provisions of this Article XV unless
and until a Responsible Officer of the Trustee at the Principal
Office of the Trustee shall have received written notice thereof
from the Company or a holder or holders of Senior Indebtedness or
from any trustee therefor; and before the receipt of any such
written notice, the Trustee, subject to the provisions of Article
VI of this Indenture, shall be entitled in all respects to assume
that no such facts exist; provided, however, that if the Trustee
shall not have received the notice provided for in this Section
at least two Business Days prior to the date upon which by the
terms hereof any money may become payable for any purpose
(including, without limitation, the payment of the principal of
or premium, if any, or interest on any Debt Security), then,
anything herein contained to the contrary notwithstanding, the
Trustee shall have full power and authority to receive such money
and to apply the same to the purposes for which they were
received, and shall not be affected by any notice to the contrary
that may be received by it within two Business Days prior to such
date.

    The Trustee, subject to the provisions of Article VI of this
Indenture, shall be entitled to conclusively rely on the delivery
to it of a written notice by a Person representing
himself or herself to be a holder of Senior Indebtedness of the
Company (or a trustee  or representative on behalf of such
holder) to establish that such notice has been given by a holder
of such Senior Indebtedness or a trustee or representative on
behalf of any such holder or holders. In the event that the
Trustee determines in good faith that further evidence is
required with respect to the right of any Person as a holder of
such Senior Indebtedness to participate in any payment or
distribution pursuant to this Article XV, the Trustee may request
such Person to furnish evidence to the reasonable satisfaction of
the Trustee as to the amount of such Senior
Indebtedness held by such Person, the extent to which such Person
is entitled to participate in such payment or distribution and
any other facts pertinent to the rights of such Person under this
Article XV, and, if such evidence is not furnished, the Trustee
may defer any payment to such Person pending judicial
determination as to the right of such Person to receive such
payment.

    Section 15.07 Rights of the Trustee; Holders of Senior
                  ________________________________________
                  Indebtedness.
                  ____________
    The Trustee, in its individual capacity, shall be entitled to
all the rights set forth in this Article XV in respect of any
Senior Indebtedness at any time held by it, to the same extent as

<PAGE>

any other holder of Senior Indebtedness, and nothing in this
Indenture or any Additional Provisions shall deprive the Trustee
of any of its rights as such holder.

    With respect to the holders of Senior Indebtedness of the
Company, the Trustee undertakes to perform or to observe only
such of its covenants and obligations as are specifically
set forth in this Article XV, and no implied covenants or
obligations with respect to the holders of such Senior
Indebtedness shall be read into this Indenture or any Additional
Provisions against the Trustee. The Trustee shall not owe or be
deemed to owe any fiduciary duty to the holders of such Senior
Indebtedness and, subject to the provisions of Article VI of this
Indenture, the Trustee shall not be liable to any holder of such
Senior Indebtedness if it shall pay over or deliver to
Securityholders, the Company or any other Person money or assets
to which any holder of such Senior Indebtedness shall be entitled
by virtue of this Article XV or otherwise.

    Nothing in this Article XV shall apply to claims of, or
payments to, the Trustee under or pursuant to Section 6.06.

    Section 15.08 Subordination May Not Be Impaired.
                  __________________________________
    No right of any present or future holder of any Senior
Indebtedness of the Company to enforce subordination as herein
provided shall at any time in any way be prejudiced
or impaired by any act or failure to act on the part of the
Company, or by any act or failure to act, in good faith, by any
such holder, or by any noncompliance by the Company, with the
terms, provisions and covenants of this Indenture, regardless of
any knowledge thereof that any such holder may have or otherwise
be charged with.

    Without in any way limiting the generality of the foregoing
paragraph, the holders of Senior Indebtedness of the Company may,
at any time and from time to time, without the consent of or
notice to the Trustee or the Securityholders, without incurring
responsibility to the Securityholders and without impairing or
releasing the subordination provided in this Article XV or the
obligations hereunder of the holders of the Debt Securities to
the holders of such Senior Indebtedness, do any one or more of
the following: (a) change the manner, place or terms of payment
or extend the time of payment of, or renew or alter, such Senior
Indebtedness, or otherwise amend or supplement in any manner such
Senior Indebtedness or any instrument evidencing the same or any
agreement under which such Senior Indebtedness is outstanding;
(b) sell, exchange, release or otherwise deal with any property
pledged, mortgaged or otherwise securing such Senior
Indebtedness; (c) release any Person liable in any manner for the
collection of such Senior Indebtedness; and (d) exercise or
refrain from exercising any rights against the Company or any
other Person.

<PAGE>

    Wilmington Trust Company, in its capacity as Trustee, hereby
accepts the trusts in this Indenture declared and provided, upon
the terms and conditions herein above set forth.

    IN WITNESS WHEREOF, the parties hereto have caused this
Indenture to be duly executed by their respective officers
thereunto duly authorized, as of the day and year first above
written.

                                     UNION NATIONAL FINANCIAL
                                     CORPORATION
                                     By:/s/ Mark D. Gainer
                                       ____________________
                                        Name: Mark D. Gainer
                                        Title: President/CEO

                                     WILMINGTON TRUST COMPANY,
                                        as Trustee
                                     By:
                                        ___________________
                                        Name:
                                        Title:
Indenture
<PAGE>

    Wilmington Trust Company, in its capacity as Trustee, hereby
accepts the trusts in this Indenture declared and provided, upon
the terms and conditions herein above set forth.

    IN WITNESS WHEREOF, the parties hereto have caused this
Indenture to be duly executed by their respective officers
thereunto duly authorized, as of the day and year first above
written.

                                     UNION NATIONAL FINANCIAL
                                     CORPORATION
                                     By:
                                       ____________________
                                        Name:
                                        Title:

                                     WILMINGTON TRUST COMPANY,
                                        as Trustee
                                     By:/s/Denise M. Geran
                                        ___________________
                                        Name:Denise M. Geran
                                        Title: Vice President
Indenture

<PAGE>
                                                EXHIBIT A
                                                _________

                          EXHIBIT A
                     FORM OF DEBT SECURITY
                    [FORM OF FACE OF SECURITY]

    THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY
STATE SECURITIES LAWS OR ANY OTHER APPLICABLE SECURITIES LAWS.
NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN
MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT
SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.
THE HOLDER OF THIS SECURITY OR ANY INTEREST OR PARTICIPATION
HEREIN, BY ITS ACCEPTANCE HEREOF OR THEREOF, AS THE CASE MAY BE,
AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY OR ANY
INTEREST OR PARTICIPATION HEREIN PRIOR TO THE DATE WHICH IS THE
LATER OF (i) TWO YEARS (OR SUCH SHORTER PERIOD OF TIME AS
PERMITTED BY RULE 144(k) UNDER THE SECURITIES ACT) AFTER THE
LATER OF (Y) THE DATE OF ORIGINAL ISSUANCE HEREOF AND (Z) THE
LAST DATE ON WHICH THE COMPANY OR ANY AFFILIATE (AS DEFINED IN
RULE 405 UNDER THE SECURITIES ACT) OF THE COMPANY WAS THE HOLDER
OF THIS SECURITY OR SUCH INTEREST OR PARTICIPATION (OR ANY
PREDECESSOR THERETO) AND (ii) SUCH LATER DATE, IF ANY, AS MAY BE
REQUIRED BY ANY SUBSEQUENT CHANGE IN APPLICABLE LAW, ONLY (A) TO
THE COMPANY, (B) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT
("RULE 144A"), TO A PERSON THE HOLDER REASONABLY BELIEVES IS A
"QUALIFIED INSTITUTIONAL BUYER", AS DEFINED IN RULE 144A, THAT
PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS
BEING MADE IN RELIANCE ON RULE 144A, (C) PURSUANT TO AN EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT TO AN
"ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (a) (1),
(2), (3), (7) OR (8) OF RULE 501 UNDER THE SECURITIES ACT THAT IS
ACQUIRING THIS SECURITY OR SUCH INTEREST OR PARTICIPATION FOR ITS
OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN ACCREDITED INVESTOR,
FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR
SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE
SECURITIES ACT, (D) PURSUANT TO OFFERS AND SALES TO NON-US
PERSONS THAT OCCUR OUTSIDE THE UNITED STATES PURSUANT TO
REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANOTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT, SUBJECT TO THE COMPANY'S RIGHT PRIOR TO ANY SUCH
OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (C) OR (E) ABOVE TO
REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION
AND/OR OTHER INFORMATION SATISFACTORY TO IT IN ACCORDANCE WITH
THE

<PAGE>

INDENTURE, A COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY.
THE HOLDER OF THIS SECURITY OR ANY INTEREST OR PARTICIPATION
HEREIN, BY ITS ACCEPTANCE HEREOF OR THEREOF, AS THE CASE MAY BE,
AGREES THAT IT WILL COMPLY WITH THE FOREGOING RESTRICTIONS.

    THE HOLDER OF THIS SECURITY OR ANY INTEREST OR PARTICIPATION
HEREIN, BY ITS ACCEPTANCE HEREOF OR THEREOF, AS THE CASE MAY BE,
ALSO AGREES, REPRESENTS AND WARRANTS THAT IT IS NOT AN EMPLOYEE
BENEFIT, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER PLAN OR
ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF
THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE") (EACH
A "PLAN"), OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE "PLAN
ASSETS" BY REASON OF ANY PLAN'S INVESTMENT IN THE ENTITY AND NO
PERSON INVESTING "PLAN ASSETS" OF ANY PLAN MAY ACQUIRE OR HOLD
THIS SECURITY OR ANY INTEREST OR PARTICIPATION HEREIN, UNLESS
SUCH PURCHASER OR HOLDER IS ELIGIBLE FOR THE EXEMPTIVE RELIEF
AVAILABLE UNDER U.S. DEPARTMENT OF LABOR PROHIBITED TRANSACTION
CLASS EXEMPTION 96-23, 95-60, 91-38, 90-1 OR 84-14 OR ANOTHER
APPLICABLE EXEMPTION OR ITS PURCHASE AND HOLDING OF THIS SECURITY
OR SUCH INTEREST OR PARTICIPATION IS NOT PROHIBITED BY SECTION
406 OF ERISA OR SECTION 4975 OF THE CODE WITH RESPECT TO SUCH
PURCHASE OR HOLDING. ANY PURCHASER OR HOLDER OF THIS
SECURITY OR ANY INTEREST OR PARTICIPATION HEREIN WILL BE DEEMED
TO HAVE REPRESENTED BY ITS PURCHASE AND HOLDING HEREOF OR
THEREOF, AS THE CASE MAY BE, THAT EITHER (i) IT IS NOT AN
EMPLOYEE BENEFIT PLAN WITHIN THE MEANING OF SECTION 3(3) OF
ERISA, OR A PLAN TO WHICH SECTION 4975 OF THE CODE IS APPLICABLE,
A TRUSTEE OR OTHER PERSON ACTING ON BEHALF OF AN EMPLOYEE BENEFIT
PLAN OR PLAN, OR ANY OTHER PERSON OR ENTITY USING THE ASSETS OF
ANY EMPLOYEE BENEFIT PLAN OR PLAN TO FINANCE SUCH PURCHASE, OR
(ii) SUCH PURCHASE AND HOLDING WILL NOT RESULT IN A PROHIBITED
TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE
CODE FOR WHICH THERE IS NO APPLICABLE STATUTORY OR ADMINISTRATIVE
EXEMPTION.

    IN CONNECTION WITH ANY TRANSFER, THE HOLDER OF THIS
SECURITY WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH
CERTIFICATES AND OTHER INFORMATION AS MAY BE REQUIRED BY THE
INDENTURE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE
FOREGOING RESTRICTIONS.

    THIS SECURITY WILL BE ISSUED AND MAY BE TRANSFERRED
ONLY IN MINIMUM DENOMINATIONS OF $100,000 AND MULTIPLES OF $1,000
IN EXCESS THEREOF. ANY ATTEMPTED TRANSFER OF THIS SECURITY IN
DENOMINATIONS OF LESS THAN $100,000 SHALL BE DEEMED TO BE VOID
AND OF NO LEGAL EFFECT WHATSOEVER. ANY SUCH PURPORTED TRANSFEREE

<PAGE>

SHALL BE DEEMED NOT TO BE THE HOLDER OF THIS SECURITY OR ANY
INTEREST OR PARTICIPATION HEREIN FOR ANY PURPOSE, INCLUDING, BUT
NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS SECURITY OR
SUCH INTEREST OR PARTICIPATION, AND SUCH PURPORTED TRANSFEREE
SHALL BE DEEMED TO HAVE NO INTEREST WHATSOEVER IN THIS SECURITY
OR ANY INTEREST OR PARTICIPATION HEREIN.

    THIS OBLIGATION IS NOT A DEPOSIT AND IS NOT INSURED BY
THE UNITED STATES OR ANY AGENCY OR FUND OF THE UNITED STATES,
INCLUDING THE FEDERAL DEPOSIT INSURANCE CORPORATION (THE "FDIC").
THIS OBLIGATION IS SUBORDINATED TO THE CLAIMS OF THE DEPOSITORS
AND THE CLAIMS OF GENERAL AND SECURED CREDITORS OF THE COMPANY,
IS INELIGIBLE AS COLLATERAL FOR A LOAN BY THE COMPANY OR ANY OF
ITS SUBSIDIARIES AND IS NOT SECURED.

 Fixed/Floating Rate Junior Subordinated Debt Security due 2034
                             of
               UNION NATIONAL FINANCIAL CORPORATION

    Union National Financial Corporation, a bank holding company
incorporated in Pennsylvania (the "Company", which term includes
any successor permitted under the Indenture (as defined herein)),
for value received, promises to pay to Wilmington Trust Company,
not in its individual capacity but solely as Institutional
Trustee for Union National Capital Trust II, a Delaware statutory
trust, or registered assigns, the principal amount of THREE
MILLION NINETY THREE THOUSAND Dollars ($3,093,000) on November
23, 2034 (the "Maturity Date") (or any Optional Redemption Date
or the Special Redemption Date, each as defined herein, or any
earlier date of acceleration of the maturity of this Debt
Security), and to pay interest on the outstanding principal
amount of this Debt Security from October 14, 2004, or from the
most recent Interest Payment Date (as defined below) to which
interest has been paid or duly provided for, quarterly (subject
to deferral as set forth herein) in arrears on February 23, May
23, August 23 and November 23 of each year, commencing on
November 23, 2004 (each, an "Interest Payment Date"), at a per
annum rate (the "Interest Rate") equal to (i) with respect to any
Interest Period (as defined in the Indenture) prior to the
Interest Period commencing on the Interest Payment Date in
November 23, 2007, 5.28% and (ii) with respect to any Interest
Period commencing on or after the Interest Payment Date in
November 23, 2007, LIBOR (as defined in
the Indenture), as determined on the LIBOR Determination Date (as
defined in the Indenture) for such Interest Period, plus 2.00%
(provided that the Interest Rate for any Interest Period
commencing on or after the Interest Payment Date in November 23,
2007 may not exceed the highest rate permitted by New York law,
as the same may be modified by United States law of general
application) until the principal hereof shall have been paid or
duly provided for, and on any overdue principal and (without
duplication and to the extent that payment of such interest is
enforceable under applicable law) on any overdue installment of
interest at an annual rate equal to the then applicable Interest
Rate, compounded quarterly. The amount of interest payable shall
be computed with respect to any Interest Period prior to the
Interest Period commencing on the Interest Payment Date in
November 23, 2007, on the basis of a 360-day year consisting of
twelve 30-day months and (ii) with respect to any Interest Period
commencing on or after the Interest

<PAGE>

Payment Date in November 23, 2007, on the basis of a 360-day year
and the actual number of days elapsed in such Interest Period.

    The interest installment so payable, and punctually paid or
duly provided for, on any Interest Payment Date will, as provided
in the Indenture, be paid to the Person in whose name this Debt
Security (or one or more Predecessor Securities, as defined in
the Indenture) is registered at the close of business on the
"regular record date" for such interest installment, which shall
be the fifteenth day prior to such Interest Payment Date, whether
or not such day is a Business Day (as defined herein). Any such
interest installment (other than Deferred Interest (as defined
herein)) not punctually paid or duly provided for shall forthwith
cease to be payable to the holders on such regular record date
and may be paid to the Person in whose name this Debt Security
(or one or more Predecessor Securities) is registered at the
close of business on a special
record date to be fixed by the Trustee for the payment of such
defaulted interest, notice whereof shall be given to the holders
of the Debt Securities not less than 10 days prior to such
special record date, all as more fully provided in the Indenture.

    Payment of the principal of and premium, if any, and interest
on this Debt Security due on the Maturity Date, any Optional
Redemption Date or the Special Redemption
Date, as the case may be, shall be made in immediately available
funds against presentation and surrender of this Debt Security at
the office or agency of the Trustee maintained for that purpose
in Wilmington, Delaware, or at the office or agency of any other
Paying Agent appointed by the Company maintained for that purpose
in Wilmington, Delaware or Harrisburg, Pennsylvania. Payment of
interest on this Debt Security due on any Interest Payment Date
other than the Maturity Date, any Optional Redemption Date or the
Special Redemption Date, as the case may be, shall be made at the
option of the Company by check mailed to the holder thereof at
such address as shall appear in the Debt Security Register or by
wire transfer of immediately available funds to an account
appropriately designated by the holder hereof. Notwithstanding
the foregoing, so long as the holder of this Debt Security is the
Institutional Trustee, payment of the principal of and premium,
if any, and interest on this Debt Security shall be made in
immediately available funds when due at such place and to such
account as may be designated by the Institutional Trustee. All
payments in respect of this Debt Security shall be payable in any
coin or currency of the United States of America that at the time
of payment is legal tender for payment of public and private
debts.

    Notwithstanding anything to the contrary contained herein, if
any Interest Payment Date after the Interest Payment Date in
November 23, 2007, other than the Maturity Date, any Optional
Redemption Date or the Special Redemption Date, falls on a day
that is not a Business Day, then any interest payable will be
paid on, and such Interest Payment Date will be moved to, the
next succeeding Business Day, and additional interest will accrue
for each day that such payment is delayed as a result thereof. If
any Interest Payment Date on or prior to the
Interest Payment Date in November, 23, 2007, the Maturity Date,
any Optional Redemption Date or the Special Redemption Date falls
on a day that is not a Business Day, then the principal,
premium, if any, and/or interest payable on such date will be
paid on the next succeeding Business Day, and no additional
interest will accrue in respect of such payment made on such
next succeeding Business Day.

<PAGE>

    So long as no Event of Default has occurred and is
continuing, the Company shall have the right, from time to time
and without causing an Event of Default, to defer payments of
interest on the Debt Securities by extending the interest payment
period on the Debt Securities at any time and from time to time
during the term of the Debt Securities, for up to 20 consecutive
quarterly periods (each such extended interest payment period,
together with all previous and further consecutive extensions
thereof, is referred to herein as an "Extension Period"). No
Extension Period may end on a date other than an Interest Payment
Date or extend beyond the
Maturity Date, any Optional Redemption Date or the Special
Redemption Date, as the case may be. During any Extension Period,
interest will continue to accrue on the Debt Securities, and
interest on such accrued interest (such accrued interest and
interest thereon referred to herein as "Deferred Interest") will
accrue at an annual rate equal to the Interest Rate applicable
during such Extension Period, compounded quarterly from the date
such Deferred Interest would have been payable were it not for
the Extension Period, to the extent permitted by applicable law.
No interest or Deferred Interest (except any Additional Amounts
(as defined in the Indenture) that may be due and payable) shall
be due and payable during an Extension Period, except at the end
thereof. At the end of any Extension Period, the Company shall
pay all Deferred Interest then accrued and unpaid on the Debt
Securities; provided, however, that during any Extension Period,
the Company may not (i) declare or pay any dividends or
distributions on, or redeem, purchase, acquire, or make a
liquidation payment with respect to, any of the Company's capital
stock, (ii) make any payment of principal of or premium, if any,
or interest on or repay, repurchase or redeem any debt securities
of the Company that rank pari passu in all respects with or
junior in interest to the Debt Securities or (iii) make any
payment under any guarantees of the Company that rank in all
respects pari passu with or junior in respect to the Capital
Securities Guarantee (other than (a) repurchases, redemptions or
other acquisitions of shares of capital stock of the Company (A)
in connection with any employment contract, benefit plan or other
similar arrangement with or for the benefit of one or more
employees, officers, directors or consultants, (B) in connection
with a dividend reinvestment or stockholder stock purchase plan
or (C) in connection with the issuance of capital stock of the
Company (or securities convertible into or exercisable for such
capital stock), as consideration in an acquisition transaction
entered into prior to such Extension Period, (b) as a result of
any exchange or conversion of any class or series of the
Company's capital stock (or any capital stock of a subsidiary of
the Company) for any class or series of the Company's capital
stock or of any class or series of the Company's indebtedness for
any class or series of the Company's capital stock, (c) the
purchase of fractional interests in shares of the Company's
capital stock pursuant to the conversion or exchange provisions
of such capital stock or the security being converted or
exchanged, (d) any declaration of a dividend in connection with
any stockholder's rights plan, or the issuance of rights, stock
or other property under any stockholder's rights plan, or the
redemption or repurchase of rights pursuant thereto or (e) any
dividend in the form of stock, warrants, options or other rights
where the dividend stock or the stock issuable upon exercise of
such warrants, options or other rights is the same stock as that
on which the dividend is being paid or ranks pari passu with or
junior to such stock). Prior to the termination of any Extension
Period, the Company may further extend such Extension Period,
provided, that no Extension Period (including all previous and
further consecutive extensions that are part of such Extension
Period) shall exceed 20 consecutive quarterly periods. Upon the
termination of any Extension Period and upon the payment of all
Deferred Interest, the Company may commence a new Extension
Period, subject to the foregoing requirements. The Company must
give the Trustee notice of its election to begin or extend an

<PAGE>

Extension Period at least one Business Day prior to the regular
record date applicable to the next succeeding Interest Payment
Date.

    The indebtedness evidenced by this Debt Security is, to the
extent provided in the Indenture, subordinate and junior in right
of payment to the prior payment in full of all Senior
Indebtedness (as defined in the Indenture), and this Debt
Security is issued subject to the provisions of the Indenture
with respect thereto. Each holder of this Debt Security, by
accepting the same, (a) agrees to and shall be bound by such
provisions, (b) authorizes and directs the Trustee on such
holder's behalf to take such action as may be necessary or
appropriate to acknowledge or effectuate the subordination so
provided and (c) appoints the Trustee such holder's
attorney-in-fact for any and all such purposes. Each holder
hereof, by such holder's acceptance hereof, hereby waives all
notice of the acceptance of the subordination provisions
contained herein and in the Indenture by each holder of Senior
Indebtedness, whether now outstanding or hereafter incurred, and
waives reliance by each such holder upon said provisions.

    The Company waives diligence, presentment, demand for
payment, notice of nonpayment, notice of protest, and all other
demands and notices.

    This Debt Security shall not be entitled to any benefit under
the Indenture hereinafter referred to and shall not be valid or
become obligatory for any purpose until the
certificate of authentication hereon shall have been signed by or
on behalf of the Trustee.

    The provisions of this Debt Security are continued on the
reverse side hereof and such continued provisions shall for all
purposes have the same effect as though fully set forth at
this place.

    This Debt Security may contain more than one counterpart of
the signature page and this Debt Security may be executed and
authenticated by the affixing of the signature of a
proper officer of the Company, and the signature of the Trustee
providing authentication, to any of such counterpart signature
pages. All of such counterpart signature pages shall be read as
though one, and they shall have the same force and effect as
though the Company had executed, and the Trustee had
authenticated, a single signature page.

<PAGE>

    IN WITNESS WHEREOF, the Company has duly executed this
certificate.

                                    UNION NATIONAL FINANCIAL
                                    CORPORATION
                                    By: _________________
                                        Name:
                                        Title:
Dated: ______________________, ____

                CERTIFICATE OF AUTHENTICATION
        This is one of the Debt Securities referred to in the
                 within-mentioned Indenture.

                                    WILMINGTON TRUST COMPANY,
                                       not in its individual
                                  capacity but solely as
                                       the Trustee
                                    By:___________________
                                        Authorized Officer
Dated: ______________________, ____

<PAGE>

                 [FORM OF REVERSE OF SECURITY]

    This Debt Security is one of a duly authorized series of debt
securities of the Company (collectively, the "Debt Securities"),
all issued or to be issued pursuant to an Indenture (the
"Indenture"), dated as of October 14, 2004, duly executed and
delivered between the Company and Wilmington Trust Company, as
Trustee (the "Trustee"), to which Indenture and all indentures
supplemental thereto reference is hereby made for a description
of the rights, limitations of rights, obligations, duties and
immunities thereunder of the Trustee, the Company
and the holders of the Debt Securities of which this Debt
Security is a part.

    Upon the occurrence and continuation of a Tax Event, an
Investment Company Event or a Capital Treatment Event (each, a
"Special Event"), the Company shall have the right to redeem this
Debt Security, at its option, in whole with all other Debt
Securities but not in part, at any time, within 90 days following
the occurrence of such Special Event (the "Special
Redemption Date"), at the Special Redemption Price (as defined
herein).

    The Company shall also have the right to redeem this Debt
Security at its option, in whole or (provided that all accrued
and unpaid interest has been paid on all Debt Securities for
all Interest Periods terminating on or prior to such date) from
time to time in part, on any Interest Payment Date on or after
November 23, 2009 (each, an "Optional Redemption Date"), at the
Optional Redemption Price (as defined herein).

    Any redemption pursuant to the preceding two paragraphs will
be made, subject to receipt by the Company of prior approval from
the Board of Governors of the Federal Reserve System (the
"Federal Reserve") if then required under applicable capital
guidelines or policies of the Federal Reserve, upon not less than
30 days' nor more than 60 days' prior written notice. If
the Debt Securities are only partially redeemed by the Company,
the Debt Securities will be redeemed pro rata or by any other
method utilized by the Trustee. In the event of redemption of
this Debt Security in part only, a new Debt Security or Debt
Securities for the unredeemed portion hereof will be issued in
the name of the holder hereof upon the cancellation hereof.

    "Optional Redemption Price" means an amount in cash equal to
100% of the principal amount of this Debt Security being redeemed
plus unpaid interest accrued thereon to the related Optional
Redemption Date.

    "Special Redemption Price" means, with respect to the
redemption of this Debt Security following a Special Event, an
amount in cash equal to 104.00% of the principal amount
of this Debt Security to be redeemed prior to November 23, 2005
and thereafter equal to the percentage of the principal amount of
this Debt Security that is specified below for the Special
Redemption Date plus, in each case, unpaid interest accrued
thereon to the Special Redemption Date:

<PAGE>
<TABLE>

Special Redemption During the 12-Month          Percentage of
    Period Beginning November 23,              Principal Amount
    _____________________________              ________________
<C>                                                <C>
2005                                               103.20%
2006                                               102.40%
2007                                               101.60%
2008                                               100.84%
2009 and thereafter                                100.00%
</TABLE>

    In case an Event of Default, as defined in the Indenture,
shall have occurred and be continuing, the principal of all of
the Debt Securities may be declared, and, in certain cases,
shall ipso facto become, due and payable, and upon any such
declaration of acceleration shall become due and payable, in each
case, in the manner, with the effect and subject to the
conditions provided in the Indenture.

    The Indenture contains provisions permitting the Company and
the Trustee, with the consent of the holders of a majority in
aggregate principal amount of the Debt Securities at the time
outstanding affected thereby, as specified in the Indenture, to
execute supplemental indentures for the purpose of adding any
provisions to or changing in any manner or eliminating any of the
provisions of the Indenture or of any supplemental indenture or
of modifying in any manner the rights of the holders of the Debt
Securities; provided, however, that no such supplemental
indenture shall, among other things, without the consent of the
holders of each Debt Security then outstanding and affected
thereby (i) change the Maturity Date of any Debt Security, or
reduce the principal amount thereof or any premium thereon, or
reduce the rate (or manner of calculation of the rate) or extend
the time of payment of interest thereon, or reduce (other than as
a result of the maturity or earlier redemption of any such Debt
Security in accordance with the terms of the Indenture and such
Debt Security) or increase the aggregate principal amount of Debt
Securities then outstanding, or change any of the redemption
provisions, or make the principal thereof or any interest or
premium thereon payable in any coin or currency other than United
States Dollars, or impair or affect the right of any holder to
institute suit for payment thereof, or (ii) reduce the aforesaid
percentage of Debt Securities the
holders of which are required to consent to any such supplemental
indenture. The Indenture also contains provisions permitting the
holders of a majority in aggregate principal amount of the Debt
Securities at the time outstanding, on behalf of the holders of
all the Debt Securities, to waive any past default in the
performance of any of the covenants contained in the Indenture,
or established pursuant to the Indenture, and its consequences,
except (a) a default in payments due in respect of any of the
Debt Securities, (b) in respect of covenants or provisions of the
Indenture which cannot be modified or amended without the consent
of the holder of each Debt Security
affected, or (c) in respect of the covenants of the Company
relating to its ownership of Common Securities of the Trust. Any
such consent or waiver by the holder of this Debt Security
(unless revoked as provided in the Indenture) shall be conclusive
and binding upon such holder and upon

<PAGE>

all future holders and owners of this Debt Security and of any
Debt Security issued in exchange herefor or in place hereof
(whether by registration of transfer or otherwise), irrespective
of whether or not any notation of such consent or waiver is made
upon this Debt Security.

    No reference herein to the Indenture and no provision of this
Debt Security or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional,
to make all payments due on this Debt Security at the time and
place and at the rate and in the money herein prescribed.

    As provided in the Indenture and subject to certain
limitations herein and therein set forth, this Debt Security is
transferable by the holder hereof on the Debt Security Register
(as defined in the Indenture) of the Company, upon surrender of
this Debt Security for registration of transfer at the office or
agency of the Trustee in Wilmington, Delaware, or at any other
office or agency of the Company in Wilmington, Delaware or
Harrisburg, Pennsylvania accompanied by a written instrument or
instruments of transfer in form satisfactory to the Company or
the Trustee duly executed by the holder hereof or such holder's
attorney duly authorized in writing, and thereupon one or more
new Debt Securities of authorized denominations and for the same
aggregate principal amount will be issued to the designated
transferee or transferees. No service charge will be made for any
such registration of transfer, but the Company or the Trustee may
require payment of a sum sufficient to cover any tax, fee or
other governmental charge payable in relation thereto as
specified in the Indenture.

    Prior to due presentment for registration of transfer of this
Debt Security, the Company, the Trustee, any Authenticating
Agent, any Paying Agent, any transfer agent and the Debt Security
registrar may deem and treat the holder hereof as the absolute
owner hereof (whether or not this Debt Security shall be overdue
and notwithstanding any notice of ownership
or writing hereon) for the purpose of receiving payment of the
principal of and premium, if any, and interest on this Debt
Security and for all other purposes, and none of the Company, the
Trustee, any Authenticating Agent, any Paying Agent, any transfer
agent or any Debt Security registrar shall be affected by any
notice to the contrary.

    As provided in the Indenture and subject to certain
limitations herein and therein set forth, Debt Securities are
exchangeable for a like aggregate principal amount of Debt
Securities of different authorized denominations, as requested by
the holder surrendering the same.

    The Debt Securities are issuable only in registered
certificated form without coupons.

    No recourse shall be had for the payment of the principal of
or premium, if any, or interest on this Debt Security, or for any
claim based hereon, or otherwise in respect hereof, or
based on or in respect of the Indenture, against any
incorporator, stockholder, officer, director, employee or agent,
past, present or future, as such, of the Company or of any
predecessor or successor corporation of the Company, whether by
virtue of any constitution, statute or rule of law, or by the
enforcement of any assessment or penalty or otherwise, all such
liability being, by the acceptance hereof and as part of the
consideration for the issuance hereof, expressly waived and
released.

<PAGE>

    All terms used but not defined in this Debt Security shall
have the meanings assigned to them in the Indenture.

    THIS DEBT SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO CONFLICT OF LAWS PRINCIPLES OF SAID STATE OTHER THAN
SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]