Document:

Exhibit 4.2

 Exhibit 4.2 
  
  
 FIFTH SUPPLEMENTAL INDENTURE 
 between 
 CAPITAL ONE FINANCIAL CORPORATION 
 as Issuer 
 and 
 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 
 as Trustee

 DATED AS OF NOVEMBER 13, 2009 
  
  
 Supplement to
Junior Subordinated Indenture dated as of June 6, 2006 
  
  

 FIFTH SUPPLEMENTAL INDENTURE, dated as of November 13, 2009 (this “Fifth
Supplemental Indenture”), among CAPITAL ONE FINANCIAL CORPORATION, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter called the “Company”), having its principal office at 1680 Capital One
Drive, McLean, Virginia 22102 and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized and existing under the laws of the United States of America, as successor to The Bank of New York Mellon (formerly known as
The Bank of New York), as Trustee (hereinafter called the “Trustee”). 
 RECITALS 
 WHEREAS, the Company and the Trustee have entered into that certain Junior Subordinated Indenture, dated as of June 6, 2006 (the
“Indenture”), providing for the issuance from time to time of Securities (as defined in the Indenture); 
 WHEREAS,
pursuant to Section 2.1 and 3.1 of the Indenture, the Company desires to provide for the establishment of a new series of Securities under the Indenture to be known as its 8.875% Junior Subordinated Debt Securities due 2040, the form and
substance of such Securities and the terms, provisions and conditions thereof to be set forth as provided in the Indenture and this Fifth Supplemental Indenture; 
 WHEREAS, the conditions set forth in the Indenture for the execution and delivery of this Fifth Supplemental Indenture have been satisfied; and 
 WHEREAS, all things necessary to make this Fifth Supplemental Indenture a valid agreement of the Company and the Trustee, in accordance with
its terms, and a valid amendment of, and supplement to, the Indenture have been done. 
 NOW, THEREFORE, in consideration of the
premises and the purchase of the Securities by the Holders thereof from time to time on or after the date hereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all such Holders, that the Indenture is supplemented
and amended, to the extent and for the purposes expressed herein, as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1 Capitalized terms not otherwise defined herein shall have the meanings set forth in the Indenture. 
 Section 1.2 In addition, the following terms used in this Fifth Supplemental Indenture have the following respective meanings: 
 “Capital Treatment Event” means the reasonable determination by the Company that, as a result of: (1) any amendment to, or change in, the laws or regulations of the United States or
any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of the Trust Preferred Securities; (2) any proposed change in such laws or 

 regulations that is announced after the initial issuance of the Trust Preferred Securities; or (3) any
official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying such laws or regulations that is announced after initial issuance of the Trust Preferred Securities, there is
more than an insubstantial risk of impairment of the Company’s ability to treat the Trust Preferred 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 distribution of the Junior Subordinated 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 Event. 
 “Company” has the meaning set forth in the Recitals. 
 “Declaration of Trust” has the meaning set forth in Section 2.1(a) hereof. 
 “Fifth
Supplemental Indenture” has the meaning set forth in the Recitals. 
 “Federal Reserve” means the
Board of Governors of the Federal Reserve System and the Federal Reserve Bank of Richmond, or its successor as the Company’s primary federal banking regulator. 
 “Indenture” has the meaning set forth in the Recitals. 
 “Junior Subordinated Debt Securities” has the meaning set forth in Section 2.1(a) hereof. 
 “Non-Acceleration Period” means the period commencing immediately upon the termination of an Extended Interest Payment Period consisting of 10 consecutive semi-annual periods, and ending on the earlier of (i) the
Interest Payment Date relating to the 10th consecutive semi-annual period after the semi-annual period during which the Non-Acceleration Period commences, (ii) the redemption of the Junior Subordinated Debt Securities in accordance with the
Indenture, and (iii) the Stated Maturity of the Junior Subordinated Debt Securities. 
 “Tax Event” means
the receipt by the Company or the Trust of an opinion of tax counsel (which may be the Company’s counsel or counsel of an Affiliate but not an employee and must be reasonably acceptable to the Institutional Trustee) experienced in such matters
(which opinion shall not have been rescinded), to the effect that, as a result of: (1) any amendment to or change in the laws or regulations of the United States or any political subdivision or taxing authority of or in the United States that
is enacted or becomes effective after the initial issuance of the Trust Preferred Securities; (2) any proposed change in such laws or regulations that is announced after the initial issuance of the Trust Preferred Securities; or (3) any
official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying such laws or regulations that is announced after the initial issuance of the Trust Preferred 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 Junior Subordinated Debt Securities;
(ii) interest payable by the Company on the Junior Subordinated 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 
  

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 federal income tax purposes; or (iii) the Trust is, or will be within 90 days of the date of such
opinion, subject to more than a de minimis amount of other taxes, duties, assessments or other governmental charges. 
 “Treasury Dealer” means Barclays Capital Inc. (or its successor) or, if Barclays Capital Inc. (or its successor) refuses to act as Treasury Dealer for this purpose or ceases to be a primary U.S. Government securities
dealer, another nationally recognized investment banking firm that is a primary U.S. Government securities dealer specified by the Company for these purposes. 
 “Treasury Rate” means the semi-annual equivalent yield to maturity of the Treasury Security that corresponds to the Treasury Price (calculated in accordance with standard market practice
and computed as of the second trading day preceding the date of the redemption). 
 “Treasury Security” means
the United States Treasury security that the Treasury Dealer determines would be appropriate to use, at the time of determination and in accordance with standard market practice, in pricing the Junior Subordinated Debt Securities being redeemed in a
tender offer based on a spread to United States Treasury yields. 
 “Treasury Price” means the bid-side price
for the Treasury Security as of the third trading day preceding the Redemption Date, as set forth in the daily statistical release (or any successor release) published by the Federal Reserve Bank of New York on that trading day and designated
“Composite 3:30 p.m. Quotations for U.S. Government Securities,” except that: (1) if that release (or any successor release) is not published or does not contain that price information on that trading day; or (2) if the Treasury
Dealer determines that the price information is not reasonably reflective of the actual bid-side price of the Treasury Security prevailing at 3:30 p.m., New York City time, on that trading day, then the Treasury Price will instead mean the bid-side
price for the Treasury Security at or around 3:30 p.m., New York City time, on that trading day (expressed on a next trading day settlement basis) as determined by the Treasury Dealer through such alternative means as the Treasury Dealer considers
to be appropriate under the circumstances. 
 “Trust” has the meaning set forth in Section 2.1(a) hereof.

 “Trust Preferred Securities Guarantee” has the meaning set forth in the Declaration of Trust. 
 “Trust Preferred Security” has the meaning set forth in the Declaration of Trust. 
 “Trustee” has the meaning set forth in the Recitals. 
 ARTICLE II 
 TERMS OF SERIES OF SECURITIES 
 Section 2.1 Pursuant to Sections 2.1 and 3.1 of the Indenture, there is hereby established a series of Securities, the terms of which shall
be as follows: 
 (a) Designation. The Securities of this series shall be known and designated as the
“8.875% Junior Subordinated Debt Securities due 2040” of the Company (the “Junior Subordinated Debt Securities”). The Junior Subordinated Debt Securities 
  

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 initially shall be issued to Capital One Capital VI, a Delaware statutory trust (the
“Trust”). The Declaration of Trust for the Trust shall be the Amended and Restated Declaration of Trust, dated as of November 13, 2009, among the Company, as Sponsor, BNY Mellon Trust of Delaware, as Delaware Trustee, The Bank of New
York Mellon Trust Company, N.A., as Institutional Trustee, and the Administrative Trustees named therein (the “Declaration of Trust”). The guarantee (the “Guarantee”) will be issued pursuant to the Guarantee Agreement, dated as
of November 13, 2009, between the Company and The Bank of New York Mellon Trust Company, N.A., as Guarantee Trustee. 
 (b) Aggregate Principal Amount. The maximum aggregate principal amount of the Junior Subordinated Debt Securities which may be authenticated and delivered under the Indenture and this Fifth
Supplemental Indenture is $1,000,010,000 (except for Junior Subordinated Debt Securities authenticated and delivered upon registration of transfer of, or exchange for, or in lieu of, other Junior Subordinated Debt Securities pursuant to
Section 3.4, 3.5, 3.6, 9.6 or 11.6 of the Indenture). 
 (c) Denominations. The Junior Subordinated
Debt Securities will be issued only in fully registered form, and the authorized minimum denomination of the Junior Subordinated Debt Securities shall be $1,000 principal amount and any integral multiple thereof. 
 (d) Maturity. The principal amount of the Junior Subordinated Debt Securities shall be payable in full on May15, 2040,
subject to and in accordance with the provisions of the Indenture and this Fifth Supplemental Indenture. 
 (e)
Rate of Interest. The Junior Subordinated Debt Securities will bear interest at the annual rate of 8.875%, payable semi-annually in arrears on May 15 and November 15 of each year (the “Interest Payment Dates,” as defined
in the Indenture), commencing May 15, 2010. Interest payments not paid when due will themselves accrue additional interest at the annual rate of 8.875% on the amount of unpaid interest, to the extent permitted by law, compounded semi-annually.
The amount of interest payable for any period will be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of interest payable for any period shorter than a full period will be computed on the basis of a 30-day month
and, for periods less than a month, the actual number of days elapsed per 30-day month. 
 (f) To Whom
Interest Payable. Interest will be payable to the person in whose name the Junior Subordinated Debt Securities are registered at the close of business on the Regular Record Date next preceding the Interest Payment Date, except that, interest
payable on the Stated Maturity of the principal of the Junior Subordinated Debt Securities shall be paid to the Person to whom principal is paid. 
 (g) Option to Defer Interest Payments. Interest payments on the Junior Subordinated Debt Securities shall be subject to deferral to the extent and in the manner provided in Section 13.1 of the
Indenture for one or more Extended Interest Payment Periods of up to ten (10) consecutive semi-annual periods. If the Company has deferred 
  

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 interest payments under this clause (g) for an Extended Interest Payment Period
consisting of 10 consecutive semi-annual periods, no interest will be due or payable on the Interest Payment Date relating to the last such semi-annual period, provided, however, that all accrued and unpaid interest (including any
Additional Interest) will become due and payable on the next subsequent Interest Payment Date. With respect to each Interest Payment Date, the Company shall deliver to the Trustee written notice of any optional deferral pursuant to this clause
(g) at least ten and not more than sixty Business Days prior to such Interest Payment Date (which notice requirement shall be in lieu of, and not in addition to, the notice requirement described in Section 13.2 of the Indenture, which
shall not apply to the Junior Subordinated Debt Securities.) 
 (h) Federal Reserve Approvals. The Company
shall notify the Federal Reserve upon the commencement of any Extended Interest Payment Period. In addition, to the extent required under the Federal Reserve’s capital rules, the Company shall obtain the approval of the Federal Reserve prior to
exercising any redemption rights in respect of the Junior Subordinated Debt Securities, or dissolving or liquidating the Trust. 
 (i) Payment of Current Interest. During a Non-Acceleration Period, the Company shall not pay on any Interest Payment Date interest that has accrued on the Junior Subordinated Debt Securities during
the semi-annual interest period immediately preceding such Interest Payment Date, unless the Company pays therewith all accrued and unpaid interest (including any Additional Interest) at such time outstanding on the Junior Subordinated Debt
Securities, including without limitation interest that has been deferred pursuant to clause (g) above. 
 (j) Events of Default. An Event of Default with respect to the Junior Subordinated Debt Securities shall be (i) an Event of Default as defined in the Indenture, (ii) a failure to pay principal or premium when due on the
Junior Subordinated Debt Securities and (iii) a material breach of a covenant or warranty in the Indenture where the breach continues for 90 days after written notice by the Trustee or Holders of at least 25% of the principal amount of the
Junior Subordinated Debt Securities; provided that the nonpayment of interest for so long as and to the extent permitted pursuant to clause (g) above shall not be deemed to be a default in the payment of interest for the purposes of
Section 5.1(a) of the Indenture and shall not otherwise be deemed an Event of Default with respect to the Junior Subordinated Debt Securities. Notwithstanding anything in Section 5.2 of the Indenture to the contrary, if one or more of the
Events of Default specified in Sections 5.1(b), (c) or (d) occurs, then, and in each and every such case, the principal amount of the Junior Subordinated Debt Securities then Outstanding shall automatically, and without any declaration or
other action on the part of the Trustee or any Holder of the Junior Subordinated Debt Securities or any holder of the Trust Preferred Securities, become immediately due and payable. 
 During a Non-Acceleration Period, upon occurrence of an Event of Default described in Section 5.1(a) of the Indenture,
(i) any holder of the Trust Preferred Securities issued by the Trust shall have the right to institute a suit directly against the Company for enforcement of payment to such holder of interest on the Junior Subordinated Debt Securities having a
principal amount equal to the aggregate 
  

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 Liquidation Amount (as defined in the Declaration of Trust for the Trust) of such Trust
Preferred Securities held by such holders, and (ii) any such holder shall not have the right to institute a suit against the Company for the payment of principal otherwise provided pursuant to Section 5.7 of the Indenture. 
 (k) Location of Payment. Payment of the principal of (and premium, if any) and interest on the Junior Subordinated
Debt Securities will be made at the corporate trust office of the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however,
that at the option of the Company payment of interest may be made (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Securities Register or (ii) by wire transfer in immediately available
funds at such place and to such account as may be designated by the Person entitled thereto as specified in the Securities Register. The office where the Junior Subordinated Debt Securities may be presented or surrendered for payment and the office
where the Junior Subordinated Debt Securities may be surrendered for transfer or exchange and where notices and demands to or upon the Company in respect of the Junior Subordinated Debt Securities and the Indenture may be served shall be the
Corporate Trust Office. The Trustee shall act as Paying Agent. 
 (l) Redemption. The Junior Subordinated
Debt Securities are redeemable at the option of the Company, subject to the terms and conditions of Article XI of the Indenture and subject to the Company having received prior approval from the Federal Reserve if then required under applicable
capital guidelines or policies of the Federal Reserve (i) in whole or in part at the option of the Company on one or more occasions at any time after November 15, 2014, or (ii) in whole but not in part at any time if a Tax Event or a
Capital Treatment Event has occurred and is continuing and the Company cannot cure the Tax Event or Capital Treatment Event by some reasonable action, in which case the Company may redeem the Junior Subordinated Debt Securities within 90 days
following the occurrence of the Tax Event or Capital Treatment Event. The redemption price of the Junior Subordinated Debt Securities shall be, (A) in the case of a redemption pursuant to clause (i), equal to the greater of (x) 100% of the
principal amount of the Junior Subordinated Debt Securities to be redeemed and (y) the present value of scheduled payments of principal and interest from the Redemption Date to May 15, 2040, on the Junior Subordinated Debt Securities to be
redeemed, discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Rate plus a spread of 0.75%, plus, in each case, an amount equal to accrued and
unpaid interest thereon to the Redemption Date and (B) in the case of a redemption pursuant to clause (ii), the principal amount of the Junior Subordinated Debt Securities so redeemed plus an amount equal to accrued and unpaid interest thereon
to the Redemption Date, in each case payable in cash. 
 (m) Sinking Fund. The Junior Subordinated Debt
Securities shall not be subject to any sinking fund or analogous provisions. 
 (n) Forms. The Junior
Subordinated Debt Securities shall be substantially in the form of Annex A attached hereto, with such modifications thereto as may be 
  

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 approved by the authorized officer executing the same. The Declaration of Trust shall be
substantially in the form of Annex B attached hereto, with such modifications thereto as may be approved by the authorized officer executing the same. The Guarantee Agreement shall be substantially in the form of Annex C attached hereto, with such
modifications thereto as may be approved by the authorized officer executing the same. 
 (o) The subordination
provisions of Article XIV of the Indenture shall apply; provided, however, that for the purposes of the Junior Subordinated Debt Securities (but not for the purposes of any other Securities unless specifically set forth in the terms of
such Securities), the definition of “Senior Indebtedness” in the Indenture is hereby amended in its entirety to read as follows: 
 “Senior Indebtedness” means: 
 (1) the principal, premium, if any, and
interest in respect of (a) indebtedness for money borrowed and (b) indebtedness evidenced by securities, notes, debentures, bonds or other similar instruments issued by the Company, including the Company’s junior subordinated
debentures or guarantees issued in connection with any future traditional trust preferred securities, each of which will rank senior to the Trust Preferred Securities issued by the Trust; 
 (2) all of the Company’s capital lease obligations; 
 (3) all of the Company’s obligations issued or assumed as the deferred purchase price of property, all of the Company’s conditional sale obligations and all of its obligations under any title
retention agreement, but excluding trade accounts payable and other accrued liabilities arising in the ordinary course of business; 
 (4) all of the Company’s obligations, contingent or otherwise, in respect of any letters of credit, bankers’ acceptances, security purchase facilities, repurchase agreements or similar credit transactions; 
 (5) all of the Company’s obligations in respect of interest rate swap, cap or other agreements, interest rate future or option
contracts, currency swap agreements, currency future or option contracts, hedging arrangements and other similar agreements; 
 (6) all obligations of the type referred to in clauses (1) through (5) above of other persons for the payment of which the Company is responsible or liable as obligor, guarantor or otherwise; and 
 (7) all obligations of the type referred to in clauses (1) through (6) above of other persons secured by any lien on any of the
Company’s property or assets, whether or not such obligation is assumed by the Company; 
  

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 except that Senior Indebtedness will not include: 
 (A) except as provided in clause (C), any indebtedness issued after the date hereof under the Indenture that is expressly subordinated to the
Junior Subordinated Debt Securities; 
 (B) the Trust Preferred Securities Guarantee; 
 (C) any indebtedness or guarantee that is by its terms subordinated to, or ranks equally with, the Junior Subordinated Debt Securities and
the issuance of which, in the case of this clause (C) only, (x) has received the concurrence or approval of the staff of the Federal Reserve or (y) does not at the time of issuance prevent the Junior Subordinated Debt Securities from
qualifying for Tier 1 capital treatment (irrespective of any limits on the amount of the Company’s Tier 1 capital) under the applicable capital adequacy guidelines, regulations, policies or published interpretations of the Federal Reserve;

 (D) trade accounts payable and other accrued liabilities arising in the ordinary course of business; 
 (E) the Existing Parity Obligations; and 
 (F) the junior subordinated debt securities held by Capital One Capital II, Capital One Capital III and Capital One Capital IV. 
 (p) Dividend Stopper. During any Extended Interest Payment Period or New Equity Settlement Period the Company shall
not, and shall not permit any Subsidiary of the Company to, (i) declare or pay any dividends or distributions or redeem, purchase, acquire or make a liquidation payment on any of the Company’s capital stock or the capital stock of its
Subsidiaries or (ii) make any payment of principal of or interest or premium, if any, on, or repay, repurchase or redeem, any debt securities of the Company (including other junior subordinated debt securities or other junior subordinated debt)
that rank pari passu with or junior in interest to the Junior Subordinated Debt Securities or (iii) make any guarantee payments on any guarantee by the Company of the debt securities of any of its Subsidiaries (including under other
guarantees of junior subordinated debt securities or other junior subordinated debt) if such guarantee ranks pari passu with or junior in interest to the Junior Subordinated Debt Securities, other than, in the case of each of clauses (i),
(ii) and (iii), (A) dividends or distributions in capital stock of the Company, (B) payments under the Guarantee with respect to the Trust Preferred Securities and the Common Securities of the Trust, (C) any declaration or
payment of a dividend in connection with the implementation of a shareholders’ rights plan, or the issuance of stock under any such plan or the redemption or repurchase of any such rights pursuant thereto, (D) repurchases, redemptions or
other acquisitions of shares of capital stock of the Company in connection with any employment contract, benefit plan or other similar arrangement with or for the benefit of employees, officers, directors or consultants and (E) solely in the
case of a Subsidiary of the Company, any declaration of dividends or distributions on the capital stock of such Subsidiary to the Company or one of its Affiliates. 
  

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 ARTICLE III 
 [INTENTIONALLY OMITTED] 
 ARTICLE IV 
 MISCELLANEOUS 
 Section 4.1 If any provision of this Fifth Supplemental Indenture limits, qualifies or conflicts with the duties imposed by any of Sections 310 to 317, inclusive, of the Trust Indenture Act of 1939 through operation of Section 318(c)
thereof, such imposed duties shall control. 
 Section 4.2 The Article headings herein are for convenience only and shall not
effect the construction hereof. 
 Section 4.3 All covenants and agreements in this Fifth Supplemental Indenture by the Company
shall bind its successors and assigns, whether so expressed or not. 
 Section 4.4 In case any provision of this Fifth
Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 4.5 Nothing in this Fifth Supplemental Indenture is intended to or shall provide any rights to any parties other than those
expressly contemplated by this Fifth Supplemental Indenture. 
 Section 4.6 THIS FIFTH SUPPLEMENTAL INDENTURE SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 Section 4.7 The Trustee makes no representations as to
the validity or sufficiency of this Fifth Supplemental Indenture. The recitals and statements herein are deemed to be those of the Company and not of the Trustee. 
 * * * * 
 This instrument may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
 [The remainder of this page left blank intentionally; the signature page follows.] 
  

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

			
	 CAPITAL ONE FINANCIAL
 CORPORATION

		
	By:	 	 /s/    Stephen Linehan

	 Name:
 Title:
	 	 Stephen Linehan
 Treasurer

	
	 THE BANK OF NEW YORK MELLON
 TRUST COMPANY, N.A.,
 as Trustee

		
	By:	 	 /s/    D.G. Donovan

	 Name:
 Title:
	 	 D.G. Donovan
 Vice President

 Annex A 
 Form of Junior Subordinated Debt Securities 
 [IF THE SECURITY IS TO BE A GLOBAL
SECURITY, INSERT - This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of a Depositary or a nominee of a Depositary. This Security is exchangeable for Securities registered in
the name of a person other than the Depositary or its nominee only in the limited circumstances described in the Indenture, and no transfer of this Security (other than a transfer of this Security as a whole by the Depositary to a nominee of the
Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary) may be registered except in limited circumstances. 
 Unless this Security is presented by an authorized representative of The Depository Trust Company (55 Water Street, New York, New York) to the issuer or its agent for registration of transfer, exchange or
payment, and any Security issued is registered in the name of Cede & Co. or such other name as requested by an authorized representative of The Depository Trust Company and any payment hereon is made to Cede & Co., ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein.] 
 CAPITAL ONE FINANCIAL CORPORATION 
 8.875% Junior Subordinated Debt
Securities due 2040 
 No. 
 $ 
 CUSIP No.
                     
 CAPITAL ONE FINANCIAL CORPORATION, a corporation organized and existing under the laws of the State of Delaware (hereinafter called the “Company,” which term includes any successor corporation under the Indenture hereinafter
referred to), for value received, hereby promises to pay to The Bank of New York Mellon Trust Company, N.A., the Institutional Trustee of CAPITAL ONE CAPITAL VI, or registered assigns, the principal sum of dollars ($) on May 15, 2040. The
Company is authorized to direct payments to The Bank of New York Mellon Trust Company, N.A., in its capacity as paying agent under the Declaration of Trust (as defined below), or any other paying agent appointed under the terms of the Declaration of
Trust. The Company further promises to pay interest on said principal sum from November 13, 2009 or from the most recent interest payment date (each such date, an “Interest Payment Date”) on which interest has been paid or duly
provided for, semi-annually (subject to deferral as set forth herein) in arrears on May 15 and November 15 of each year, commencing May 15, 2010, at the rate of 8.875% per annum, until the principal hereof shall have become due
and payable. Interest payments not paid when due will themselves accrue additional interest at the annual rate of 8.875% on the amount of unpaid interest, to the extent permitted by law, compounded semi- 
  

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 annually. The amount of interest payable for any period will be computed on the basis of a 360-day year
comprised of twelve 30-day months. The amount of interest payable for any period shorter than a full period will be computed on the basis of a 30-day month period and, for periods less than a month, the actual number of days elapsed per 30-day
month. In the event that any date on which interest is payable on this Security is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or
other payment in respect of any such delay). However, if the postponement of any payment of interest would cause the date on which such payment was made to fall in the next calendar month, such payment will instead be made on the immediately
preceding Business Day. A “Business Day” shall mean any day other than a Saturday, Sunday, or any other day on which banking institutions in New York, New York are authorized or obligated by any applicable law or executive order to close.
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 Security (or one or more Predecessor Securities) is registered
at the close of business on the Regular Record Date for such interest installment, which shall be (i) the Business Day next preceding such Interest Payment Date if this Security is issued in the form of a Global Security, or (ii) the first
day (whether or not a Business Day) of the month in which such Interest Payment Date occurs if this Security is not issued in the form of a Global Security. Any such interest installment not so punctually paid or duly provided for shall forthwith
cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of
such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not fewer than ten days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent
with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 
 So long as no Event of Default has occurred and is continuing, the Company shall have the right at any time and from time to time during the
term of this Security to defer payment of interest on this Security for up to ten consecutive semi-annual interest payment periods with respect to each deferral period (each an “Extended Interest Payment Period”), but shall pay all
interest then accrued and unpaid (together with interest thereon to the extent permitted by applicable law, compounded semi-annually at the rate specified in this Security) on the first Interest Payment Date following the termination of such
Extended Interest Payment Period; provided, however, that no Extended Interest Payment Period shall extend beyond the Stated Maturity of the principal of this Security. Upon termination of any such Extended Interest Payment Period and
upon the payment of all accrued and unpaid interest (including any Additional Interest) then due, the Company may elect to begin a new Extended Interest Payment Period, subject to the above requirements. No interest shall be due and payable during
an Extended Interest Payment Period except on the first Interest Payment Date thereafter. 
 During a Non-Acceleration Period
(as defined in the Indenture), the Company shall not pay on any Interest Payment Date interest that has accrued on this Security during the semi-annual interest period immediately preceding such Interest Payment Date, unless the Company pays
therewith all accrued and unpaid interest (including any Additional Interest) at such time 
  

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 outstanding on this Security, including without limitation accrued and unpaid interest that has been
deferred pursuant to the provisions described in the preceding two paragraphs. 
 Unless the Company has paid all accrued and
payable interest on this Security, the Company shall not, and shall not permit any Subsidiary of the Company to, (i) declare or pay any dividends or distributions or redeem, purchase, acquire or make a liquidation payment on any of the
Company’s capital stock or the capital stock of its Subsidiaries or (ii) make any payment of principal of or interest or premium, if any, on, or repay, repurchase or redeem any debt securities of the Company (including other junior
subordinated debt securities or other junior subordinated debt) that rank pari passu with or junior in interest to the Junior Subordinated Debt Securities or (iii) make any guarantee payments on any guarantee by the Company of the debt
securities of any of its Subsidiaries (including under other guarantees of junior subordinated debt securities or other junior subordinated debt) if such guarantee ranks pari passu with or junior in interest to the Junior Subordinated Debt
Securities, other than, in the case of each of clauses (i), (ii) and (iii), (A) dividends or distributions in capital stock of the Company, (B) payments under the Guarantee with respect to the Trust Preferred Securities and the Common
Securities of the Trust, (C) any declaration or payment of a dividend in connection with the implementation of a shareholders’ rights plan, or the issuance of stock under any such plan or the redemption or repurchase of any such rights
pursuant thereto, (D) repurchases, redemptions or other acquisitions of shares of capital stock of the Company in connection with any employment contract, benefit plan or other similar arrangement with or for the benefit of employees, officers,
directors or consultants and (E) solely in the case of a Subsidiary of the Company, any declaration of dividends or distributions on the capital stock of such Subsidiary to the Company or one of its Affiliates. 
 Payment of principal of (and premium, if any) and interest on this Security will be made at the office or agency of the Company maintained
for that purpose in the United States, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company
payment of interest may be made (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Securities Register or (ii) by wire transfer in immediately available funds at such place and to such
account as may be designated in writing at least 15 days before the relevant Interest Payment Date by the Person entitled thereto as specified in the Securities Register. 
 The Securities are not deposits or savings accounts. The Securities are not insured by the Federal Deposit Insurance Corporation (the “FDIC”) or any other governmental agency or instrumentality.
The Securities are not guaranteed under the FDIC’s Temporary Liquidity Guarantee Program. 
 The indebtedness evidenced by
this Security is, to the extent provided in the Indenture, subordinated and subject in right of payments to the prior payment in full of all Senior Indebtedness (as such definition is modified in the Fifth Supplemental Indenture with respect to this
Security), and this Security is issued subject to the provisions of the Indenture with respect thereto. Each Holder of this Security, by accepting the same, (a) agrees to and shall be bound by such provisions, (b) authorizes and directs
the Trustee on his behalf to take such actions as may be necessary or appropriate to effectuate the subordination so provided and (c) appoints the 
  

 A-3 

 Trustee his attorney-in-fact for any and all such purposes. Each Holder hereof, by his acceptance hereof,
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. 
 Reference is made hereby to the further provisions of this Security set forth on the reverse hereof, which
further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of
authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal. 
  

			
	CAPITAL ONE FINANCIAL CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

  
  

	
	Attest:
	
	  
	Name:
	Title:

 Dated: November     , 2009 
  

 A-4 

 REVERSE OF SECURITY 
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under a Junior Subordinated Indenture, dated as of June 6, 2006, as supplemented by the Fifth Supplemental Indenture, dated as of November 13, 2009 (herein together called the “Indenture”), between
the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference
is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Trustee, the Company and the Holders of the Securities, and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on the face hereof, limited in aggregate principal amount of $1,000,010,000, issuable on one or more occasions. 
 All terms used in this Security that are defined in the Indenture or in the Amended and Restated Declaration of Trust, dated as of
November 13, 2009 (the “Declaration of Trust”), for CAPITAL ONE CAPITAL VI, among Capital One Financial Corporation, as Sponsor, and the Trustees named therein, shall have the meanings assigned to them in the Indenture or the
Declaration of Trust, as the case may be. 
 The Company may at any time, at its option, and subject to the terms and conditions
of Article XI of the Indenture and Section 2.1(l) of the Fourth Supplemental Indenture, and subject to prior approval by the Board of Governors of the Federal Reserve System if then required, redeem this Security in whole or in part at any time
after November 15, 2014, without premium or penalty, at a redemption price equal to the greater of (x) 100% of the principal amount of the Junior Subordinated Debt Securities to be redeemed and (y) the present value of scheduled
payments of principal and interest from the Redemption Date to May 15, 2040, on the Junior Subordinated Debt Securities to be redeemed, discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at a discount rate equal to the Treasury Rate (as defined below) plus a spread of 0.75%, in each case, plus an amount equal to accrued and unpaid interest thereon to the Redemption Date. 
 For purposes of the above: 
 “Treasury Rate” means the semi-annual equivalent yield to maturity of the Treasury Security that corresponds to the Treasury Price (calculated in accordance with standard market practice and
computed as of the second trading day preceding the Redemption Date); 
 “Treasury Security” means the United States
Treasury security that the Treasury Dealer determines would be appropriate to use, at the time of determination and in accordance with standard market practice, in pricing the Junior Subordinated Debt Securities being redeemed in a tender offer
based on a spread to United States Treasury yields; 
 “Treasury Price” means the bid-side price for the Treasury
Security as of the third trading day preceding the Redemption Date, as set forth in the daily statistical release (or any successor release) published by the Federal Reserve Bank of New York on that trading day and designated 
  

 A-5 

 “Composite 3:30 p.m. Quotations for U.S. Government Securities,” except that: (1) if that
release (or any successor release) is not published or does not contain that price information on that trading day; or (2) if the Treasury Dealer determines that the price information is not reasonably reflective of the actual bid-side price of
the Treasury Security prevailing at 3:30 p.m., New York City time, on that trading day, then the Treasury Price will instead mean the bid-side price for the Treasury Security at or around 3:30 p.m., New York City time, on that trading day (expressed
on a next trading day settlement basis) as determined by the Treasury Dealer through such alternative means as the Treasury Dealer considers to be appropriate under the circumstances; and 
 “Treasury Dealer” means Barclays Capital Inc. (or its successor) or, if Barclays Capital Inc. (or its successor) refuses to act as
Treasury Dealer for this purpose or ceases to be a primary U.S. Government securities dealer, another nationally recognized investment banking firm that is a primary U.S. Government securities dealer specified by the Company for these purposes.

 Upon the occurrence and during the continuation of a Tax Event or a Capital Treatment Event in respect of a Trust, the
Company may, at its option, at any time within 90 days of the occurrence of such Tax Event or Capital Treatment Event redeem this Security, in whole but not in part, subject to the provisions of Article XI of the Indenture, at a redemption price
equal to the principal amount of the Junior Subordinated Debt Securities so redeemed plus an amount equal to accrued and unpaid interest thereon, including Additional Interest, if any, to the Redemption Date. In the event of redemption of this
Security in part only, a new Security or Securities of this series for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 The Indenture contains provisions for satisfaction and discharge of the entire indebtedness of this Security upon compliance by the Company
with certain conditions set forth in the Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee,
with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities of each series affected at the time outstanding, as defined 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 Securities; provided, however, that no
such supplemental indenture shall (i) extend the fixed maturity of any Securities of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any premium payable upon
the redemption thereof, without the consent of the Holder of each Security so affected, or (ii) reduce the aforesaid percentage of Securities, the Holders of which are required to consent to any such supplemental indenture, without the consent
of the Holders of each Security then outstanding and affected thereby. The Indenture also contains provisions permitting the Holders of a majority in aggregate principal amount of the Securities of any series at the time outstanding affected
thereby, on behalf of all of the Holders of the Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and any past default in the performance of any of the covenants contained in the Indenture, or
established pursuant to the Indenture with respect to such series, and its consequences, except a default in the payment of the principal of or premium, if any, or 
  

 A-6 

 interest on any of the Securities of such series. Any such consent or waiver by the registered Holder of
this Security (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Security and of any 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 Security. 
 As provided in and subject to the provisions of the Indenture, if an Event of Default with respect to the Securities of this series at the time Outstanding occurs and is continuing, then and in every such
case the Trustee or the Holders of not less that 25% in principal amount of the Outstanding Securities of this series may declare the principal amount of all the Securities of this series to be due and payable immediately, by a notice in writing to
the Company (and to the Trustee if given by the Holders), provided that, in the case of the Securities of this series issued to a Trust, if upon an Event of Default (other than any Event of Default due to non payment of interest on any
Interest Payment Date during a Non-Acceleration Period), the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of this series fails to declare the principal of all the Securities of this series to be
immediately due and payable, the holders of at least 25% in aggregate Liquidation Amount of the Trust Preferred Securities then outstanding shall have such right by a notice in writing to the Company and the Trustee; and upon any such declaration
the principal amount of and the accrued interest (including Additional Interest) on all the Securities of this series shall become immediately due and payable, provided that the payment of principal and interest (including Additional Interest) on
such Securities shall remain subordinated to the extent provided in Article XIV of the Indenture and Section 2.1(o) of the Fifth Supplemental Indenture. 
 Subject to the provisions of the Indenture, if the Company fails to pay all accrued and unpaid interest on the Outstanding Securities within 30 days following an Extended Interest Payment Period of five
years, such failure shall constitute an Event of Default under the Indenture; however, prior to the expiration of ten consecutive years after the commencement of an Extended Interest Payment Period, the occurrence of such an Event of Default shall
not entitle the Trustee or the Holders of the Outstanding Securities to declare the principal amount of the Outstanding Securities immediately due and payable. Instead, the Trustee and the Holders shall, prior to the earlier of (i) the Stated
Maturity of the Securities and (ii) the expiration of ten consecutive years after the commencement of such Extended Interest Payment Period, only have the right to seek payment of such interest. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of (and premium, if any) and interest on this Security at the times, places and rate, and in the coin or currency, herein prescribed (subject to the deferral rights of the Company
described in the Indenture). 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer
of this Security is registrable in the Securities Register, upon surrender of this Security for registration of transfer at the office or agency of the Company maintained under Section 10.2 of the Indenture duly endorsed by, or accompanied by
written instrument of transfer in form satisfactory to the Company and the Securities Registrar duly executed by, the Holder hereof or 
  

 A-7 

 his attorney duly authorized in writing, and thereupon one or more new Securities of this series, of
authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment
of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment
of this Security for registration or transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 No recourse
shall be had for the payment of the principal of or the interest on this 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 or director,
past, present or future, as such, of the Company or of any predecessor or successor corporation, 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. 
 The
Securities of this series are issuable only in registered form without coupons in denominations of $1,000 and in any multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are
exchangeable for like aggregate principal amount of Securities of such series of a different authorized denomination, as requested by the Holder surrendering the same. 
 The Company and, by its acceptance of this Security or a beneficial interest therein, the Holder of, and any Person that acquires beneficial interest in, this Security agree that for United States
federal, state and local tax purposes it is intended that this Security constitute indebtedness. 
 THE INDENTURE AND THIS
SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 This is one of the
Securities referred to in the mentioned Indenture. 
  

			
	 THE BANK OF NEW YORK MELLON
 TRUST COMPANY, N.A.,
 as Trustee

		
	By:	 	  

	Authorized Signatory

 Dated: November     , 2009 
  

 A-8 

 Annex B 
 Declaration of Trust 
  

 B-1 

 Annex C 
 Guarantee Agreement 
  

 C-1Exhibit 4.3

 Exhibit 4.3 
  
  
  
  
 AMENDED AND RESTATED DECLARATION 
 OF TRUST 
 CAPITAL
ONE CAPITAL VI 
 Dated as of November 13, 2009 

 TABLE OF CONTENTS 
  

					
		  	Page
		
	Article I. INTERPRETATION AND DEFINITIONS	  	1
			
	        Section 1.1	  	Definitions	  	1
		
	Article II.TRUST INDENTURE ACT	  	7
			
	        Section 2.1	  	Trust Indenture Act; Application	  	7
			
	        Section 2.2	  	Lists of Holders of Securities	  	8
			
	        Section 2.3	  	Reports by the Institutional Trustee	  	8
			
	        Section 2.4	  	Periodic Reports to Institutional Trustee	  	8
			
	        Section 2.5	  	Evidence of Compliance with Conditions Precedent	  	8
			
	        Section 2.6	  	Declaration Defaults; Waiver	  	9
			
	        Section 2.7	  	Declaration Default; Notice	  	10
		
	Article III. ORGANIZATION	  	11
			
	        Section 3.1	  	Name	  	11
			
	        Section 3.2	  	Office	  	11
			
	        Section 3.3	  	Purpose	  	11
			
	        Section 3.4	  	Authority	  	11
			
	        Section 3.5	  	Title to Property of the Trust	  	11
			
	        Section 3.6	  	Powers and Duties of the Administrative Trustees	  	12
			
	        Section 3.7	  	Prohibition of Actions by the Trust and the Trustees	  	14
			
	        Section 3.8	  	Powers and Duties of the Institutional Trustee	  	15
			
	        Section 3.9	  	Certain Duties and Responsibilities of the Institutional Trustee	  	17
			
	        Section 3.10	  	Certain Rights of Institutional Trustee	  	19
			
	        Section 3.11	  	Delaware Trustee	  	21
			
	        Section 3.12	  	Execution of Documents	  	21
			
	        Section 3.13	  	Not Responsible for Recitals or Issuance of Securities	  	21
			
	        Section 3.14	  	Duration of Trust	  	22
			
	        Section 3.15	  	Mergers	  	22
			
	        Section 3.16	  	Paying Agent	  	23
		
	Article IV. SPONSOR	  	24
			
	        Section 4.1	  	Sponsor’s Purchase of Common Securities	  	24
			
	        Section 4.2	  	Responsibilities of the Sponsor	  	24

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
		  		  	Page
			
	         Section 4.3
	  	Exchanges by the Sponsor	  	25
		
	 Article V. TRUSTEES
	  	25
			
	        Section 5.1	  	Number of Trustees	  	25
			
	        Section 5.2	  	Delaware Trustee	  	26
			
	        Section 5.3	  	Institutional Trustee; Eligibility	  	26
			
	        Section 5.4	  	Qualifications of Administrative Trustees and Delaware Trustee Generally	  	27
			
	        Section 5.5	  	Initial Trustees; Additional Powers of Administrative Trustees	  	27
			
	        Section 5.6	  	Appointment, Removal and Resignation of Trustees	  	28
			
	        Section 5.7	  	Vacancies among Trustees	  	29
			
	        Section 5.8	  	Effect of Vacancies	  	29
			
	        Section 5.9	  	Meetings	  	30
			
	      Section 5.10	  	Delegation of Power	  	30
			
	      Section 5.11	  	Merger, Conversion, Consolidation or Succession to Business	  	30
		
	 Article VI. DISTRIBUTIONS
	  	31
			
	        Section 6.1	  	Distributions	  	31
		
	 Article VII. ISSUANCE OF SECURITIES
	  	31
			
	        Section 7.1	  	General Provisions Regarding Securities	  	31
			
	        Section 7.2	  	Issuance of Securities; Purchase of Junior Subordinated Debt Securities	  	32
		
	 Article VIII. TERMINATION OF TRUST
	  	33
			
	        Section 8.1	  	Termination of Trust	  	33
		
	 Article IX. TRANSFER OF INTERESTS
	  	34
			
	        Section 9.1	  	Transfer of Securities	  	34
			
	        Section 9.2	  	Transfer of Certificates	  	34
			
	        Section 9.3	  	Deemed Security Holders	  	34
			
	        Section 9.4	  	Book Entry Interests	  	35
			
	        Section 9.5	  	Notices to Clearing Agency	  	35
			
	        Section 9.6	  	Appointment of Successor Clearing Agency	  	35
			
	        Section 9.7	  	Definitive Trust Preferred Security Certificates	  	36
			
	         Section 9.8
	  	Mutilated, Destroyed, Lost or Stolen Certificates	  	36

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
		  		  	Page
		
	 Article X. LIMITATION OF LIABILITY OF HOLDERS OF SECURITIES, TRUSTEES OR OTHERS
	  	37
			
	        Section 10.1	  	Liability	  	37
			
	        Section 10.2	  	Exculpation	  	37
			
	        Section 10.3	  	Fiduciary Duty	  	38
			
	        Section 10.4	  	Indemnification	  	38
			
	        Section 10.5	  	Outside Businesses	  	41
		
	 Article XI. ACCOUNTING
	  	42
			
	        Section 11.1	  	Fiscal Year	  	42
			
	        Section 11.2	  	Certain Accounting Matters	  	42
			
	        Section 11.3	  	Banking	  	42
			
	        Section 11.4	  	Withholding	  	42
		
	 Article XII. AMENDMENTS AND MEETINGS
	  	43
			
	        Section 12.1	  	Amendments	  	43
			
	        Section 12.2	  	Meetings of the Holders of Securities; Action by Written Consent	  	45
		
	 Article XIII. REPRESENTATIONS OF INSTITUTIONAL TRUSTEE AND DELAWARE TRUSTEE
	  	46
			
	        Section 13.1	  	Representations and Warranties of Institutional Trustee	  	46
			
	        Section 13.2	  	Representations and Warranties of Delaware Trustee	  	47
		
	 Article XIV. MISCELLANEOUS
	  	47
			
	        Section 14.1	  	Notices	  	47
			
	        Section 14.2	  	Governing Law; Waiver of Jury Trial	  	48
			
	        Section 14.3	  	Intention of the Parties	  	49
			
	        Section 14.4	  	Headings	  	49
			
	        Section 14.5	  	Successors and Assigns	  	49
			
	        Section 14.6	  	Partial Enforceability	  	49
			
	        Section 14.7	  	Counterparts	  	49

  

 -iii- 

 ANNEXES AND EXHIBITS 
  

			
	 ANNEX I       Terms of 8.875% Trust Preferred Securities and Common Securities

		
	 EXHIBIT A-1
	  	Form of Trust Preferred Security Certificate
	 EXHIBIT A-2
	  	Form of Common Security Certificate
	 EXHIBIT B
	  	Specimen of Junior Subordinated Debt Security
	 EXHIBIT C
	  	Underwriting Agreement

 CROSS-REFERENCE TABLE* 
  

			
	 Section of
 Trust Indenture Act
 of 1939,
as amended
	  	 Section of
 Declaration of Trust

	310(a)	  	5.3(a)
	310(c)	  	Inapplicable
	311(c)	  	Inapplicable
	312(a)	  	2.2(a)
	312(b)	  	2.2(b)
	313	  	2.3
	314(a)	  	2.4
	314(b)	  	Inapplicable
	314(c)	  	2.5
	314(d)	  	Inapplicable
	314(f)	  	Inapplicable
	315(a)	  	3.9(b)
	315(c)	  	3.9(a)
	315(d)	  	3.9(a)
	316(a)	  	Annex I
	316(c)	  	3.6(e)

  

	*	This Cross-Reference Table does not constitute part of the Declaration of Trust and shall not affect the interpretation of any of its terms or provisions.

 AMENDED AND RESTATED DECLARATION OF TRUST 
 OF 
 CAPITAL ONE CAPITAL VI 
 November 13, 2009 
 AMENDED AND RESTATED DECLARATION OF TRUST (“Declaration of Trust”) dated and effective as of November 13, 2009, by the
Trustees (as defined herein), the Sponsor (as defined herein) and by the holders, from time to time, of undivided beneficial interests in the assets of the Trust to be issued pursuant to this Declaration of Trust; 
 WHEREAS, the Trustees and the Sponsor established Capital One Capital VI (the “Trust”), a trust under the Statutory Trust Act (as
defined herein) pursuant to a Declaration of Trust dated as of May 6, 2009 (the “Original Declaration”) and a Certificate of Trust filed with the Secretary of State of the State of Delaware on May 6, 2009, for the sole purpose of
issuing and selling certain securities representing undivided beneficial interests in the assets of the Trust and investing the proceeds thereof in certain Junior Subordinated Debt Securities of the Junior Subordinated Debt Securities Issuer;

 WHEREAS, as of the date hereof, no interests in the Trust have been issued; 
 WHEREAS, the parties hereto, by this Declaration of Trust, amend and restate each and every term and provision of the Original Declaration;
and 
 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 of Trust constitute the governing instrument of such statutory trust, the Trustees declare 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 representing undivided beneficial interests in the assets of the Trust issued hereunder, subject to the provisions of this Declaration of Trust. 
 ARTICLE I. 
 INTERPRETATION AND DEFINITIONS 
 SECTION 1.1 Definitions. 
 Unless the context otherwise requires: 
 (a) Capitalized terms used in this
Declaration of Trust but not defined in the preamble above have the respective meanings assigned to them in this Section 1.1; 
 (b) a term defined anywhere in this Declaration of Trust has the same meaning throughout; 

 (c) all references to “the Declaration of Trust” or “this Declaration of
Trust” are to this Declaration of Trust as modified, supplemented or amended from time to time; 
 (d) all references in
this Declaration of Trust to Articles and Sections and Annexes and Exhibits are to Articles and Sections of and Annexes and Exhibits to this Declaration of Trust unless otherwise specified; 
 (e) a term defined in the Trust Indenture Act has the same meaning when used in this Declaration of Trust unless otherwise defined in this
Declaration of Trust or unless the context otherwise requires; and 
 (f) a reference to the singular includes the plural and
vice versa. 
 “Administrative Trustee”: has the meaning specified in Section 5.1. 
 “Affiliate”: has the same meaning as given to that term in Rule 405 of the Securities Act or any successor rule thereunder.

 “Authorized Officer”: of a Person means any Person that is authorized to bind such Person. 
 “Book Entry Interest”: means a beneficial interest in a Global Certificate, ownership and transfers of which shall be
maintained and made through book entries by a Clearing Agency as described in Section 9.4. 
 “Business
Day”: means any day other than a Saturday, Sunday or a day on which banking institutions in the City of New York, New York are permitted or required by any applicable law or executive order to close. 
 “Certificate”: means a Common Security Certificate or a Trust Preferred Security Certificate. 
 “Clearing Agency”: means an organization registered as a “Clearing Agency” pursuant to Section 17A of the
Exchange Act that is acting as depositary for the Trust Preferred Securities and in whose name or in the name of a nominee of that organization shall be registered a Global Certificate and which shall undertake to effect book entry transfers and
pledges of the Trust Preferred Securities. 
 “Clearing Agency Participant”: means a broker, dealer, bank,
other financial institution or other Person for whom from time to time the Clearing Agency effects book entry transfers and pledges of securities deposited with the Clearing Agency. 
 “Closing Date”: means November 13, 2009. 
 “Code”: means the Internal Revenue Code of 1986, as amended from time to time, or any successor legislation. 
 “Commission”: means the Securities and Exchange Commission. 
  

 2 

 “Common Security”: has the meaning specified in Section 7.1.

 “Common Security Certificate”: means a definitive certificate in fully registered form representing a Common
Security substantially in the form of Exhibit A-2. 
 “Company Indemnified Person”: means (a) any
Administrative Trustee; (b) any Affiliate of any Administrative Trustee; (c) any officers, directors, shareholders, members, partners, employees, representatives or agents of any Administrative Trustee; 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 the corporate trust business of the Institutional Trustee shall, at any particular time, be principally administered, which office at the date of execution of this Declaration of Trust is located at The Bank of New York Mellon Trust
Company, N.A., 2 North LaSalle Street, Suite 1020, Chicago, Illinois 60602, Attention: Corporate Trust Administration, or such other address as the Institutional Trustee may designate from time to time by notice to the Holders and the Sponsor, or
the principal corporate trust office of any successor Institutional Trustee (or such other address as such successor Institutional Trustee may designate from time to time by notice to the Holders and the Sponsor). 
 “Coupon Rate”: has the meaning set forth in paragraph 2(a) of Annex I. 
 “Covered Person”: means: (a) any officer, director, shareholder, partner, member, representative, employee or agent of
(i) the Trust or (ii) the Trust’s Affiliates; and (b) any Holder of Securities. 
 “Declaration
Default”: in respect of the Securities means an Indenture Event of Default has occurred and is continuing in respect of the Junior Subordinated Debt Securities. 
 “Definitive Trust Preferred Security Certificates”: has the meaning set forth in Section 9.4. 
 “Delaware Trustee”: has the meaning set forth in Section 5.1(b). 
 “Distribution”: has the meaning set forth in Section 6.1. 
 “DTC”: means The
Depository Trust Company, the initial Clearing Agency. 
 “Exchange Act”: means the Securities Exchange Act of
1934, as amended from time to time, or any successor legislation. 
 “Extended Interest Payment Period”: has
the meaning set forth in paragraph 2(b) of Annex I. 
 “Federal Reserve Board”: means the Board of Governors of
the Federal Reserve System and the Federal Reserve Bank of Richmond, or its successor as the Sponsor’s primary federal banking regulator. 
  

 3 

 “Fiduciary Indemnified Person”: has the meaning set forth in
Section 10.4(b). 
 “Fiscal Year”: has the meaning specified in Section 11.1. 
 “Global Certificate”: has the meaning set forth in Section 9.4. 
 “Holder”: means a Person in whose name a Certificate representing a Security is registered, 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 June 6, 2006,
between the Junior Subordinated Debt Securities Issuer and the Indenture Trustee, as supplemented by the Fifth Supplemental Indenture dated as of November 13, 2009, between the Junior Subordinated Debt Securities Issuer and the Indenture
Trustee, pursuant to which the Junior Subordinated Debt Securities are to be issued. 
 “Indenture Event of
Default”: has the meaning given to the term “Event of Default” in the Indenture. 
 “Indenture
Trustee”: means The Bank of New York Mellon Trust Company, N.A., as trustee under the Indenture until a successor is appointed thereunder, and thereafter means such successor trustee. 
 “Institutional Trustee”: means the Trustee meeting the eligibility requirements set forth in Section 5.3. 

“Institutional Trustee Account”: has the meaning set forth in Section 3.8(c). 
 “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 Annex I hereto. 
 “Junior Subordinated Debt Securities”: means the series of Junior Subordinated Debt Securities to be issued by the Junior
Subordinated Debt Securities Issuer under the Indenture to be held by the Institutional Trustee hereunder, a specimen certificate for such series of Junior Subordinated Debt Securities being attached hereto as Exhibit B. 
 “Junior Subordinated Debt Securities Issuer”: means Capital One Financial Corporation, a bank holding company incorporated
in Delaware (or the Sponsor), in its capacity as issuer of the Junior Subordinated Debt Securities under the Indenture. 
 “Legal Action”: has the meaning set forth in Section 3.6(g). 
  

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 “List of Holders”: has the meaning set forth in Section 2.2(a).

 “Majority in liquidation amount of the Securities”: means, except as provided in the terms of the Trust
Preferred Securities or by the Trust Indenture Act, Holder(s) of outstanding Securities voting together as a single class or, as the context may require, Holders of outstanding Trust Preferred Securities or Holders of outstanding Common Securities
voting separately as a class, who are the record owners of an aggregate liquidation amount representing more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus
accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class. 
 “Non-Acceleration Period”: has the meaning specified in the Indenture. 
 “Officers’ Certificate”: means, with respect to any Person, a certificate signed by two Authorized Officers of such Person. Any Officers’ Certificate delivered with respect to compliance with a condition or
covenant provided for in this Declaration of Trust shall include: 
 (a) a statement that each officer signing the
Officers’ Certificate has read the covenant or condition and the definitions relating thereto; 
 (b) a brief statement of
the nature and scope of the examination or investigation undertaken by each officer in rendering the Officers’ Certificate; 
 (c) a statement that each such officer has made such examination or investigation as, in such officer’s opinion, is necessary to enable such officer to express an informed opinion as to whether or not such covenant or condition has
been complied with; and 
 (d) a statement as to whether, in the opinion of each such officer, such condition or covenant has
been complied with. 
 “Paying Agent”: means any paying agent or co-paying agent appointed pursuant to
Section 3.16 and shall initially be The Bank of New York Mellon Trust Company, N.A. 
 “Payment Amount”:
has the meaning specified in Section 6.1. 
 “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.

 “Quorum”: means any one Administrative Trustee or, if there is only one Administrative Trustee, such
Administrative Trustee. 
 “Registrar”: has the meaning specified in Section 9.2. 
 “Capital Treatment Event”: has the meaning set forth in Annex I hereto. 
  

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 “Related Party”: means, with respect to the Sponsor, any direct or indirect
wholly owned subsidiary of the Sponsor or any other Person that owns, directly or indirectly, 100% of the outstanding voting securities of the Sponsor. 
 “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 of Trust 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. 
 “Rule 3a-5”: means Rule 3a-5 under the Investment Company Act. 
 “Securities”: means the Common Securities and the Trust Preferred Securities. 
 “Securities Act”: means the Securities Act of 1933, as amended from time to time, or any successor legislation. 

“Sponsor”: means Capital One Financial Corporation, a bank holding company that is a U.S. person incorporated in
Delaware, or any successor entity in a merger, consolidation or amalgamation, in its capacity as sponsor of the Trust. 
 “Statutory Trust Act”: means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code §3801 et seq., as it may be amended from time to time, or any successor legislation. 
 “Subsidiary” means, with respect to any company, a corporation more than 50% of the outstanding voting stock of which is
owned, directly or indirectly, by that company or by one or more other Subsidiaries, or by the company and one or more other Subsidiaries. For purposes of this definition, “voting stock” means stock which ordinarily has voting power for
the election of directors, whether at all times or only so long as no senior class of stock has such voting power by reason of any contingency. 
 “Successor Delaware Trustee”: has the meaning set forth in Section 5.6. 
 “Successor Entity”: has the meaning set forth in Section 3.15(b). 
 “Successor Institutional Trustee”: has the meaning set forth in Section 5.6. 
 “Successor Securities”: has the meaning set forth in Section 3.15(b). 
 “Super
Majority”: has the meaning set forth in Section 2.6(a)(ii). 
 “Tax Event”: has the meaning set
forth in Annex I hereto. 
 “10% in liquidation amount of the Securities”: means, except as provided in the
terms of the Trust Preferred Securities or by the Trust Indenture Act, Holder(s) of outstanding Securities voting together as a single class or, as the context may require, Holders of outstanding Trust Preferred Securities or Holders of outstanding
Common Securities voting separately as a class, who are the record owners of an aggregate liquidation amount representing 10% or more of the

  

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aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting
percentages are determined) of all outstanding Securities of the relevant class. 
 “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). 
 “Trustee” or “Trustees”: means each Person who has signed this Declaration of
Trust 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. 
 “Trust Indenture Act”: means the Trust Indenture Act of 1939, as amended from time to time, or any successor legislation. 
 “Trust Preferred Securities Guarantee”: means the guarantee agreement dated as of November 13, 2009, of the Sponsor in
respect of the Trust Preferred Securities. 
 “Trust Preferred Security”: has the meaning specified in
Section 7.1. 
 “Trust Preferred Security Beneficial Owner”: means, with respect to a Book Entry Interest,
a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an
indirect participant, in each case in accordance with the rules of such Clearing Agency). 
 “Trust Preferred Security
Certificate”: means a certificate representing a Trust Preferred Security substantially in the form of Exhibit A-1. 
 “Underwriting Agreement”: means the Underwriting Agreement for the offering and sale of Trust Preferred Securities in the form of Exhibit C. 
 ARTICLE II. 
 TRUST INDENTURE ACT 
 SECTION 2.1 Trust Indenture Act; Application. 
 (a) This Declaration of Trust is subject to the provisions of the Trust Indenture Act that are required to be part of this Declaration of Trust and shall, to the extent applicable, be governed by such
provisions. 
 (b) The Institutional Trustee shall be the only Trustee that is a Trustee for the purposes of the Trust Indenture
Act. 
  

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 (c) If and to the extent that any provision of this Declaration of Trust limits, qualifies
or conflicts with the duties imposed by §§ 310 to 317, inclusive, of the Trust Indenture Act, such imposed duties shall control. 
 (d) The application of the Trust Indenture Act to this Declaration of Trust shall not affect the nature of the Securities as equity securities representing undivided beneficial interests in the assets of
the Trust. 
 SECTION 2.2 Lists of Holders of Securities. 
 (a) Each of the Sponsor and the Administrative Trustees on behalf of the Trust shall provide the Institutional Trustee (i) within 14
days after each record date for payment of Distributions, a list, in such form as the Institutional Trustee may reasonably require, of the names and addresses of the Holders of the Securities (“List of Holders”) as of such record date,
provided, that neither the Sponsor nor the Administrative Trustees on behalf of the Trust shall be obligated to provide such List of Holders at any time the List of Holders does not differ from the most recent List of Holders given to the
Institutional Trustee by the Sponsor and the Administrative Trustees on behalf of the Trust, and (ii) at any other time, within 30 days of receipt by the Trust of a written request for a List of Holders as of a date no more than 14 days before
such List of Holders is given to the Institutional Trustee. The Institutional Trustee shall preserve, in as current a form as is reasonably practicable, all information contained in Lists of Holders given to it or which it receives in the capacity
as Paying Agent (if acting in such capacity), provided, that the Institutional Trustee may destroy any List of Holders previously given to it on receipt of a new List of Holders. 
 (b) The Institutional Trustee shall comply with its obligations under §§ 311(a), 311(b) and 312(b) of the Trust Indenture Act.

 SECTION 2.3 Reports by the Institutional Trustee. Within 60 days after November 13 of each year, the
Institutional Trustee shall provide to the Holders of the Trust Preferred Securities such reports as are required by § 313 of the Trust Indenture Act, if any, in the form and in the manner provided by § 313 of the Trust Indenture Act.
The Institutional Trustee shall also comply with the requirements of § 313(d) of the Trust Indenture Act. 
 SECTION 2.4 Periodic Reports to Institutional Trustee. Each of the Sponsor and the Administrative Trustees on behalf of the Trust shall provide to the Institutional Trustee such documents, reports and information as required by
§ 314 of the Trust Indenture Act (if any) and the compliance certificate required by § 314 of the Trust Indenture Act in the form, in the manner and at the times required by § 314 of the Trust Indenture Act. Delivery of such reports,
information and documents to the Institutional Trustee is for informational purposes only and the Institutional Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from
information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Institutional Trustee is entitled to rely exclusively on Officers’ Certificates). 
 SECTION 2.5 Evidence of Compliance with Conditions Precedent. Each of the Sponsor and the Administrative Trustees on behalf of
the Trust shall provide to the Institutional Trustee

  

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such evidence of compliance with any conditions precedent provided for in this Declaration of Trust that relate to any of the matters set forth in § 314(c) of the Trust Indenture Act. Any
certificate or opinion required to be given by an officer pursuant to § 314(c)(1) of the Trust Indenture Act may be given in the form of an Officers’ Certificate. 
 SECTION 2.6 Declaration Defaults; Waiver. 
 (a) The Holders of a Majority in liquidation amount of Trust Preferred Securities may, by vote, on behalf of the Holders of all of the Trust Preferred Securities, waive any past Declaration Default in
respect of the Trust Preferred Securities and its consequences, provided, that if the underlying Indenture Event of Default: 
 (i) is not waivable under the Indenture, the Declaration Default shall also not be waivable; or 
 (ii) is waivable only with the consent of holders of more than a majority in principal amount of the Junior Subordinated Debt Securities (a “Super Majority”) affected thereby, only the Holders
of at least the proportion in aggregate liquidation amount of the Trust Preferred Securities that the relevant Super Majority represents of the aggregate principal amount of the Junior Subordinated Debt Securities outstanding may waive such
Declaration Default in respect of the Trust Preferred Securities under the Declaration of Trust. 
 The foregoing provisions of this
Section 2.6(a) shall be in lieu of § 316(a)(1)(B) of the Trust Indenture Act and such § 316(a)(1)(B) of the Trust Indenture Act is hereby expressly excluded from this Declaration of Trust and the Securities, as permitted by the Trust
Indenture Act. Upon such waiver, any such default shall cease to exist, and any Declaration Default with respect to the Trust Preferred Securities arising therefrom shall be deemed to have been cured, for every purpose of this Declaration of Trust,
but no such waiver shall extend to any subsequent or other default or a Declaration Default with respect to the Trust Preferred Securities or impair any right consequent thereon. Any waiver by the Holders of the Trust Preferred Securities of a
Declaration Default with respect to the Trust Preferred Securities shall also be deemed to constitute a waiver by the Holders of the Common Securities of any such Declaration Default with respect to the Common Securities for all purposes of this
Declaration of Trust without any further act, vote, or consent of the Holders of the Common Securities. 
 (b) The Holders of a
Majority in liquidation amount of the Common Securities may, by vote, on behalf of the Holders of all of the Common Securities, waive any past Declaration Default with respect to the Common Securities and its consequences, provided, that if the
underlying Indenture Event of Default: 
 (i) is not waivable under the Indenture, except where the Holders of
the Common Securities are deemed to have waived such Declaration Default as provided in this Section 2.6(b), the Declaration Default shall also not be waivable; or 
 (ii) is waivable only with the consent of a Super Majority, except where the Holders of the Common Securities are deemed to
have waived such Declaration Default as provided in this Section 2.6(b), only the Holders of at least the proportion in aggregate

  

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liquidation amount of the Common Securities that the relevant Super Majority represents of the aggregate principal amount of the Junior Subordinated Debt Securities outstanding may waive such
Declaration Default in respect of the Common Securities under the Declaration of Trust; 
 provided, further each Holder of Common Securities
will be deemed to have waived any such Declaration Default and all Declaration Defaults with respect to the Common Securities and its consequences until all Declaration Defaults with respect to the Trust Preferred Securities have been cured, waived
or otherwise eliminated, and until such Declaration Defaults with respect to the Trust Preferred Securities have been so cured, waived or otherwise eliminated, the Institutional Trustee will be deemed to be acting solely on behalf of the Holders of
the Trust Preferred Securities and only the Holders of the Trust Preferred Securities will have the right to direct the Institutional Trustee in accordance with the terms of the Securities. The foregoing provisions of this Section 2.6(b) shall
be in lieu of §§ 316(a)(1)(A) and 316(a)(1)(B) of the Trust Indenture Act and such §§ 316(a)(1)(A) and 316(a)(1)(B) of the Trust Indenture Act are hereby expressly excluded from this Declaration of Trust and the Securities, as
permitted by the Trust Indenture Act. Subject to the foregoing provisions of this Section 2.6(b), upon the waiver of a Declaration Default by the Holders of a Majority in liquidation amount of the Common Securities, any such default shall cease
to exist and any Declaration Default with respect to the Common Securities arising therefrom shall be deemed to have been cured for every purpose of this Declaration of Trust, but no such waiver shall extend to any subsequent or other default or
Declaration Default with respect to the Common Securities or impair any right consequent thereon. 
 (c) A waiver of an
Indenture Event of Default by the Institutional Trustee at the direction of the Holders of the Trust Preferred Securities, constitutes a waiver of the corresponding Declaration Default. The foregoing provisions of this Section 2.6(c) shall be
in lieu of § 316(a)(1)(B) of the Trust Indenture Act and such § 316(a)(1)(B) of the Trust Indenture Act is hereby expressly excluded from this Declaration of Trust and the Securities, as permitted by the Trust Indenture Act.

 SECTION 2.7 Declaration Default; Notice. 
 (a) The Institutional Trustee shall, within 90 days after the occurrence of a Declaration Default, transmit by mail, first class postage
prepaid, to the Holders of the Securities, notices of (i) all defaults with respect to the Securities actually known to a Responsible Officer of the Institutional Trustee, unless such defaults have been cured before the giving of such notice
(the term “defaults” for the purposes of this Section 2.7(a) being hereby defined to be an Indenture Event of Default, not including any periods of grace provided for therein and irrespective of the giving of any notice provided
therein) and (ii) any notice of default received from the Indenture Trustee with respect to the Junior Subordinated Debt Securities, which notice from the Institutional Trustee to the Holders shall state that an Indenture Event of Default also
constitutes a Declaration Default; provided that, except for a default in the payment of principal of (or premium, if any) or interest on any of the Junior Subordinated Debt Securities, the Institutional Trustee shall be protected in withholding
such notice if and so long as a Responsible Officer of the Institutional Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Securities. 
  

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 (b) The Institutional Trustee shall not be deemed to have knowledge of any default except:

 (i) a default under Sections 5.7(b) and 5.7(c) of the Indenture; or 
 (ii) any default as to which the Institutional Trustee shall have received written notice or of which a Responsible Officer
of the Institutional Trustee charged with the administration of the Declaration of Trust shall have actual knowledge. 
 ARTICLE
III. 
 ORGANIZATION 
 SECTION 3.1 Name. The Trust is named “Capital One Capital VI,” as such name may be modified from time to time by the Administrative Trustees following written notice to the
Institutional Trustee, the Delaware Trustee and the Holders of Securities. The Trust’s activities may be conducted under the name of the Trust or any other name deemed advisable by the Administrative Trustees. 
 SECTION 3.2 Office. The address of the principal office of the Trust is c/o Capital One Financial Corporation, 1680 Capital One
Drive, McLean, Virginia 22102. On ten Business Days written notice to the Institutional Trustee, the Delaware Trustee and the Holders of Securities, the Administrative Trustees may designate another principal office. 
 SECTION 3.3 Purpose. The exclusive purposes and functions of the Trust are (a) to issue and sell Securities and use the
proceeds from such sale to acquire the Junior Subordinated Debt Securities, and (b) except as otherwise limited herein, to engage in only those other activities necessary, or incidental thereto. 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.

 SECTION 3.4 Authority. Subject to the limitations provided in this Declaration of Trust and to the specific
duties of the Institutional Trustee and the Sponsor, the Administrative Trustees shall have exclusive and complete authority to carry out the purposes of the Trust. An action taken by the Administrative Trustees in accordance with their powers shall
constitute the act of and serve to bind the Trust and an action taken by the Institutional Trustee on behalf of the Trust in accordance with its 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 of Trust. 
 SECTION 3.5 Title to Property of the Trust. Except as provided in Section 3.8 with
respect to the Junior Subordinated Debt Securities and the Institutional Trustee Account or as otherwise provided in this Declaration of Trust, 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. 
  

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 SECTION 3.6 Powers and Duties of the Administrative Trustees. The Administrative
Trustees shall have the exclusive power, duty and authority to cause the Trust to engage in the following activities (and any actions taken by the Administrative Trustees in furtherance of the following prior to the date hereof are hereby ratified
and confirmed in all respects): 
 (a) to issue and sell the Trust Preferred Securities and the Common Securities in accordance
with this Declaration of Trust; provided, however, that the Trust may issue no more than one series of Trust Preferred Securities and no more than one series of Common Securities, and, provided further, that there shall be no
interests in the Trust other than the Securities, and the issuance of Securities shall be limited to a simultaneous issuance of both Trust Preferred Securities and Common Securities; 
 (b) in connection with the issue and sale of the Trust Preferred Securities to: 
 (i) execute and file with the Commission on behalf of the Trust a registration statement on Form S-3 or on another
appropriate form, or a registration statement under Rule 462(b) of the Securities Act, in each case prepared by the Sponsor, including any pre-effective or post-effective amendments thereto, relating to the registration under the Securities Act of
the Trust Preferred Securities; 
 (ii) execute and file any documents prepared by the Sponsor, or take any acts
as determined by the Sponsor to be necessary in order to qualify or register all or part of the Trust Preferred Securities in any State in which the Sponsor has determined to qualify or register such Trust Preferred Securities for sale; 

(iii) execute and file an application, prepared by the Sponsor, to the New York Stock Exchange, any other national stock
exchange or The Nasdaq Stock Market for listing upon notice of issuance of any Trust Preferred Securities; 
 (iv) execute and file with the Commission on behalf of the Trust a registration statement on Form 8-A, prepared by the Sponsor, including any pre-effective or post-effective amendments thereto, relating to the registration of the Trust
Preferred Securities under Section 12(b) of the Exchange Act; and 
 (v) execute and deliver the
Underwriting Agreement providing for the sale of the Trust Preferred Securities; 
 (c) to acquire the Junior Subordinated Debt
Securities with the proceeds of the sale of the Trust Preferred Securities and the Common Securities; provided, however, that the Administrative Trustees shall cause legal title to the Junior Subordinated Debt Securities to be held of record in the
name of the Institutional Trustee for the benefit of the Holders of the Trust Preferred Securities and the Holders of Common Securities; 
 (d) to give the Sponsor and the Institutional Trustee prompt written notice of the occurrence of a Tax Event or a Capital Treatment Event; provided, that the Administrative Trustees shall consult with the
Sponsor and the Institutional Trustee before taking or refraining from taking any ministerial action in relation to a Tax Event or a Capital Treatment Event; 
  

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 (e) to establish a record date with respect to all actions to be taken hereunder that
require a record date be established, including and with respect to, for the purposes of §316(c) of the Trust Indenture Act, Distributions, voting rights, redemptions and exchanges, and to issue relevant notices to the Holders of Trust
Preferred Securities and Holders of Common Securities as to such actions and applicable record dates; 
 (f) to take all actions
and perform such duties as may be required of the Administrative Trustees pursuant to the terms of the Securities; 
 (g) to
bring or defend, pay, collect, compromise, arbitrate, resort to legal action, or otherwise adjust claims or demands of or against the Trust (“Legal Action”), unless pursuant to Section 3.8(e), the Institutional Trustee has the
exclusive power to bring such Legal Action; 
 (h) to employ or otherwise engage employees and agents (who may be designated as
officers with titles) and managers, contractors, advisors, and consultants and pay reasonable compensation for such services; 
 (i) to cause the Trust to comply with the Trust’s obligations under the Trust Indenture Act; 
 (j) to give the
certificate required by § 314(a)(4) of the Trust Indenture Act to the Institutional Trustee, which certificate may be executed by any Administrative Trustee; 
 (k) to incur expenses that are necessary or incidental to carry out any of the purposes of the Trust; 
 (l) to act as, or appoint another Person to act as, registrar and transfer agent for the Securities; 
 (m) to give prompt written notice to the Holders of the Securities of any notice received from the Junior Subordinated Debt Securities Issuer of its election to defer payments of interest on the Junior
Subordinated Debt Securities under the Indenture; 
 (n) 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 and of each other jurisdiction in which such existence is necessary to protect the
limited liability of the Holders of the Trust Preferred Securities or to enable the Trust to effect the purposes for which the Trust was created; 
 (o) to take any action, not inconsistent with this Declaration of Trust or with applicable law, that the Administrative Trustees determine in their discretion to be necessary or desirable in carrying out
the activities of the Trust as set out in this Section 3.6, including, but not limited to: 
 (i) causing
the Trust not to be deemed to be an Investment Company required to be registered under the Investment Company Act; 
  

 13 

 (ii) causing the Trust to be classified for United States federal income tax
purposes as a grantor trust; and 
 (iii) cooperating with the Junior Subordinated Debt Securities Issuer to
ensure that the Junior Subordinated Debt Securities will be treated as indebtedness of the Junior Subordinated Debt Securities Issuer for United States federal income tax purposes; 
 provided, that any such action does not adversely affect the interests of Holders; 
 (p) to take all action necessary to cause all applicable tax returns and tax information reports that are required to be filed with respect to the Trust to be duly prepared and filed by the Administrative Trustees, on behalf of the Trust;
and 
 (q) to execute all documents or instruments, perform all duties and powers, and do all things for and on behalf of the
Trust in all matters necessary or incidental to the foregoing. 
 The Administrative Trustees must exercise the powers set forth in this
Section 3.6 in a manner that is consistent with the purposes and functions of the Trust set out in Section 3.3, and the Administrative Trustees shall not take any action that is inconsistent with the purposes and functions of the Trust set
forth in Section 3.3. 
 Subject to this Section 3.6, the Administrative Trustees shall have none of the powers or the
authority of the Institutional Trustee set forth in Section 3.8. 
 Any expenses incurred by the Administrative Trustees
pursuant to this Section 3.6 shall be reimbursed by the Junior Subordinated Debt Securities Issuer. 
 SECTION 3.7
Prohibition of Actions by the Trust and the Trustees. 
 (a) The Trust shall not, and the Trustees (including the
Institutional Trustee) shall not cause the Trust to, engage in any activity other than as required or authorized by this Declaration of Trust. In particular, the Trust shall not: 
 (i) invest any proceeds received by the Trust from holding the Junior Subordinated Debt Securities, but shall promptly
distribute all such proceeds to Holders of Securities pursuant to the terms of this Declaration of Trust and of the Securities; 
 (ii) acquire any assets other than as expressly provided herein; 
 (iii) possess Trust property for other than a Trust purpose; 
 (iv) make any loans or incur any
indebtedness; 
 (v) possess any power or otherwise act in such a way as to vary the Trust assets; 
  

 14 

 (vi) possess any power or otherwise act in such a way as to vary the terms
of the Securities in any way whatsoever (except to the extent expressly authorized in this Declaration of Trust or by the terms of the Securities); 
 (vii) issue any securities or other evidences of beneficial ownership of, or beneficial interest in, the Trust other than the Securities; 
 (viii) take any action inconsistent with the status of the Trust as a grantor trust for United States federal income tax
purposes; 
 (ix) other than as provided in this Declaration of Trust or Annex I, (A) direct the time,
method and place of exercising any trust or power conferred upon the Indenture Trustee with respect to the Junior Subordinated Debt Securities, (B) waive any past Declaration Default that is waivable under the Indenture, (C) exercise any
right to rescind or annul any declaration that the principal of all the Junior Subordinated Debt Securities shall be due and payable or (D) consent to any amendment, modification or termination of the Indenture or the Junior Subordinated Debt
Securities where such consent shall be required unless the Trust shall have obtained an opinion of nationally recognized independent tax counsel experienced in such matters to the effect that as a result of such action, the Trust will not fail to be
classified as a grantor trust for United States federal income tax purposes; or 
 (x) revoke any action
previously authorized or approved by a vote of the Holders of the Trust Preferred Securities. 
 SECTION 3.8 Powers and
Duties of the Institutional Trustee. 
 (a) The legal title to the Junior Subordinated Debt Securities shall be owned by and
held of record in the name of the Institutional Trustee in trust for the benefit of the Holders of the Securities. The right, title and interest of the Institutional Trustee to the Junior Subordinated Debt Securities shall vest automatically in each
Person who may hereafter be appointed as Institutional Trustee in accordance with Section 5.6. Such vesting and cessation of title shall be effective whether or not conveyancing documents with regard to the Junior Subordinated Debt Securities
have been executed and delivered. 
 (b) The Institutional Trustee shall not transfer its right, title and interest in the
Junior Subordinated Debt Securities to the Administrative Trustees or to the Delaware Trustee (if the Institutional Trustee does not also act as Delaware Trustee). 
 (c) The Institutional Trustee shall: 
 (i) establish and maintain a
segregated non-interest bearing trust account (the “Institutional Trustee Account”) in the name of and under the exclusive control of the Institutional Trustee on behalf of the Holders of the Securities and, upon the receipt of payments of
funds made in respect of the Junior Subordinated Debt Securities held by the Institutional Trustee, deposit such funds into the Institutional Trustee Account and make payments to the Holders of the Trust Preferred Securities and Holders of the
Common Securities from the Institutional Trustee Account in accordance with Section 6.1. Funds

  

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in the Institutional Trustee Account shall be held uninvested until disbursed in accordance with this Declaration of Trust. The Institutional Trustee Account shall be an account that is
maintained with a banking institution the rating on whose long-term unsecured indebtedness assigned by a “nationally recognized statistical rating organization,” as that term is defined for purposes of Rule 436(g)(2) under the Securities
Act, is at least equal to the rating assigned to the Trust Preferred Securities by a nationally recognized statistical rating organization; 
 (ii) engage in such ministerial activities as shall be necessary or appropriate to effect the redemption of the Trust Preferred Securities and the Common Securities to the extent the Junior Subordinated
Debt Securities are redeemed or mature; and 
 (iii) upon written notice of distribution issued by the
Administrative Trustees 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 Junior Subordinated Debt Securities to Holders of Securities upon
the occurrence of a Tax Event or a Capital Treatment Event, or other specified circumstances pursuant to 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) Subject to Section 2.6, the Institutional Trustee shall take any Legal Action that arises out of or in connection with a
Declaration Default of which a Responsible Officer of the Institutional Trustee has actual knowledge or the Institutional Trustee’s duties and obligations under this Declaration of Trust or the Trust Indenture Act. Notwithstanding the
foregoing, if a Declaration Default has occurred and is continuing and such event is attributable to the failure of the Junior Subordinated Debt Securities Issuer to pay interest, principal or other required payments on the Junior Subordinated Debt
Securities on the date such interest, principal or other required payments are otherwise payable (or in the case of redemption, on the redemption date), then a Holder of Trust Preferred Securities may directly institute a proceeding against the
Junior Subordinated Debt Securities Issuer for enforcement of payment to such Holder of the principal of or interest on Junior Subordinated Debt Securities having a principal amount equal to the aggregate liquidation amount of the Trust Preferred
Securities of such Holder (a “Direct Action”) on or after the respective due date specified in the Junior Subordinated Debt Securities; provided, however, that if a Declaration Default results from the failure to pay interest on the Junior
Subordinated Debt Securities during any Non-Acceleration Period, then a Holder of Trust Preferred Securities may not institute a Direct Action for the payment of principal on the Junior Subordinated Debt Securities, and the Institutional Trustee may
not take any Legal Action for the payment of principal on the Junior Subordinated Debt Securities, during such Non-Acceleration Period. Notwithstanding anything to the contrary in this Declaration of Trust or the Indenture, the Junior Subordinated
Debt Securities Issuer shall have the right to set-off any payment it is otherwise required to make under the Indenture in respect of any Trust Preferred Security to the extent the Junior Subordinated Debt Securities Issuer has heretofore made, or
is currently on the date of such payment making, a payment under the Trust Preferred Securities Guarantee or a Direct Action. 
  

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 (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 Securities
pursuant to the terms of the Securities and this Declaration of Trust (including Annex I); or 
 (ii) a Successor
Institutional Trustee has been appointed and has accepted that appointment in accordance with Section 5.6. 
 (g) The
Institutional Trustee shall have the legal power to exercise all of the rights, powers and privileges of a holder of Junior Subordinated Debt Securities under the Indenture and, if a Declaration Default actually known to a Responsible Officer of the
Institutional Trustee occurs and is continuing, the Institutional Trustee shall, for the benefit of Holders of the Securities, enforce its rights as holder of the Junior Subordinated Debt Securities subject to the rights of the Holders pursuant to
the terms of such Securities, this Declaration of Trust (including Annex I), the Statutory Trust Act and the Trust Indenture Act. 
 (h) Subject to this Section 3.8, the Institutional Trustee shall have none of the duties, liabilities, powers or the authority of the Administrative Trustees set forth in Section 3.6. 
 The Institutional Trustee must exercise the powers set forth in this Section 3.8 in a manner that is consistent with the purposes and functions of the
Trust set out in Section 3.3, and the Institutional Trustee shall have no power to and shall not take any action that is inconsistent with the purposes and functions of the Trust set out in Section 3.3. 
 SECTION 3.9 Certain Duties and Responsibilities of the Institutional Trustee. 
 (a) The Institutional Trustee, before the occurrence of any Declaration Default and after the curing of all Declaration Defaults that may
have occurred, shall undertake to perform only such duties as are specifically set forth in this Declaration of Trust and no implied covenants shall be read into this Declaration of Trust against the Institutional Trustee. Subject to any voting
right of the Holders under the Securities, if the Institutional Trustee is required to decide between alternative causes of action under this Declaration of Trust, construe ambiguous provisions in this Declaration of Trust or is unsure of the
application of any provision of this Declaration of Trust, the Institutional Trustee will take such action as directed by the Sponsor and, if not so directed, shall take such action as it deems necessary. In case a Declaration Default has occurred
(that has not been cured or waived pursuant to Section 2.6) of which a Responsible Officer of the Institutional Trustee has actual knowledge, the Institutional Trustee shall exercise such of the rights and powers vested in it by this
Declaration of Trust, and use the same degree of care and skill in the exercise of such rights and powers, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 
 (b) No provision of this Declaration of Trust shall be construed to relieve the Institutional Trustee from liability for its own bad faith,
its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (i)
prior to the occurrence of a Declaration Default and after the curing or waiving of all such Declaration Defaults that may have occurred: 
 (A) the duties and obligations of the Institutional Trustee shall be determined solely by the express provisions of this Declaration of Trust and the Institutional Trustee shall not be liable except for
the performance of such duties and obligations as are specifically set forth in this Declaration of Trust, and no implied covenants or obligations shall be read into this Declaration of Trust against the Institutional Trustee; and 
  

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 (B) in the absence of bad faith on the part of the Institutional Trustee,
the Institutional 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 Institutional Trustee and conforming to the requirements of
this Declaration of Trust; but in the case of any such certificates or opinions that by any provision hereof are specifically required to be furnished to the Institutional Trustee, the Institutional Trustee shall be under a duty to examine the same
to determine whether or not they conform to the requirements of this Declaration of Trust (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein, absent manifest error); 
 (ii) the Institutional Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer of
the Institutional Trustee, unless it shall be proved that the Institutional Trustee was negligent in ascertaining the pertinent facts; 
 (iii) 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 not less than a Majority
in liquidation amount of the Securities relating to 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 this
Declaration of Trust; 
 (iv) no provision of this Declaration of Trust shall require the Institutional Trustee
to expend or risk its own funds or otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that the repayment of such
funds or liability is not reasonably assured to it under the terms of this Declaration of Trust or indemnity reasonably satisfactory to the Institutional Trustee against such risk or liability is not reasonably assured to it; 
 (v) the Institutional Trustee’s sole duty with respect to the custody, safe keeping and physical preservation of the
Junior Subordinated Debt Securities and the Institutional Trustee 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 of Trust and the Trust Indenture Act; 
 (vi) the Institutional Trustee shall have no duty or liability for or with respect to the value, genuineness, existence or sufficiency of the Junior Subordinated Debt Securities or the payment of any
taxes or assessments levied thereon or in connection therewith; 
  

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 (vii) the Institutional Trustee shall not be liable for any interest on any
money received by it except as it may otherwise agree with the Sponsor. Money held by the Institutional Trustee need not be segregated from other funds held by it except in relation to the Institutional Trustee Account maintained by the
Institutional Trustee pursuant to Section 3.8(c)(i) and except to the extent otherwise required by law; and 
 (viii) the Institutional Trustee shall not be responsible for monitoring the compliance by the Administrative Trustees or the Sponsor with their respective duties under this Declaration of Trust, nor shall the Institutional Trustee be
liable for any default or misconduct of the Administrative Trustees or the Sponsor. 
 SECTION 3.10 Certain Rights of
Institutional Trustee. 
 (a) Subject to the provisions of Section 3.9: 
 (i) the Institutional 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, direction, consent, order, 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; 
 (ii) any direction or act of the Sponsor or the Administrative
Trustees contemplated by this Declaration of Trust shall be sufficiently evidenced by an Officers’ Certificate; 
 (iii) whenever in the administration of this Declaration of Trust, the Institutional Trustee shall deem it desirable that a matter be proved or established before taking, 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 Administrative Trustees; 
 (iv) 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 registration thereof; 
 (v) the Institutional Trustee may consult with counsel or other experts and the advice or opinion of such counsel and experts
with respect to legal matters or advice within the scope of such experts’ area of expertise 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, such counsel may be counsel to the Sponsor or any of its Affiliates, and may include any of its employees. The Institutional Trustee shall have the right at any time to seek instructions concerning the
administration of this Declaration of Trust from any court of competent jurisdiction; 
 (vi) the Institutional
Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Declaration of Trust at the request or direction of any Holder, unless such Holder shall have provided to the Institutional Trustee security and

  

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indemnity, reasonably satisfactory to the Institutional Trustee, against the costs, expenses (including attorneys’ fees and expenses and the expenses of the Institutional Trustee’s
agents, nominees or custodians) and liabilities that might be incurred by it in complying with such request or direction, including such reasonable advances as may be requested by the Institutional Trustee provided that nothing contained in this
Section 3.10(a)(vi) shall be taken to relieve the Institutional Trustee, upon the occurrence of a Declaration Default, of its obligation to exercise the rights and powers vested in it by this Declaration of Trust; 
 (vii) 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, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Institutional Trustee, in its discretion, may make
such reasonable further inquiry or investigation into such facts or matters as it may see fit at the expense of the Junior Subordinated Debt Securities Issuer and shall incur no liability of any kind by reason of such inquiry or investigation;

 (viii) the Institutional Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents, custodians, nominees or attorneys and the Institutional Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it
hereunder; 
 (ix) any action taken by the Institutional Trustee or its agents 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 of Trust, both of which shall be conclusively evidenced by the Institutional Trustee’s or its agent’s taking such action; 
 (x) whenever in the administration of this Declaration of Trust 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 (A) may request instructions from the Holders of the Securities which instructions may only be given by the Holders of
the same proportion in liquidation amount of the Securities as would be entitled to direct the Institutional Trustee under the terms of the Securities in respect of such remedy, right or action, (B) may refrain from enforcing such remedy or
right or taking such other action until such instructions are received, and (C) shall be protected in conclusively relying on or acting in or accordance with such instructions; 
 (xi) in no event shall the Institutional Trustee be responsible or liable for special, indirect, or consequential loss or
damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Institutional Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; 
  

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 (xii) the rights, privileges, protections, immunities and benefits given to
the Institutional Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Institutional Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed
to act hereunder; 
 (xiii) the Trustee may request that the Sponsor deliver a certificate setting forth the
names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Declaration of Trust; and 
 (xiv) in no event shall the Institutional Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly,
forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of
utilities, communications or computer (software and hardware) services; it being understood that the Institutional Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as
soon as practicable under the circumstances; and 
 (xv) except as otherwise expressly provided by this
Declaration of Trust, the Institutional Trustee shall not be under any obligation to take any action that is discretionary under the provisions of this Declaration of Trust. 
 (b) No provision of this Declaration of Trust 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. No permissive power or authority available to the Institutional Trustee shall be construed to be a duty. 
 SECTION 3.11 Delaware Trustee. Notwithstanding any other provision of this Declaration of Trust other than Section 5.2, the
Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Institutional Trustee described in this Declaration of Trust. Except as
set forth in Section 5.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of § 3807(a) of the Statutory Trust Act. 
 SECTION 3.12 Execution of Documents. Except as otherwise required by the Statutory Trust Act or applicable law, any
Administrative Trustee is authorized to execute on behalf of the Trust any documents that the Administrative Trustees have the power and authority to execute pursuant to Section 3.6; provided, that the registration statement referred to in
Section 3.6(b)(i), including any amendments thereto, shall be signed by all of the Administrative Trustees. 
 SECTION 3.13 Not Responsible for Recitals or Issuance of Securities. The recitals contained in this Declaration of Trust 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

  

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make no representations as to the value or condition of the property of the Trust or any part thereof. The Trustees make no representations as to the validity or sufficiency of this Declaration
of Trust or the Securities. 
 SECTION 3.14 Duration of Trust. The Trust shall exist until dissolved and terminated
pursuant to the provisions of Article VIII hereof. 
 SECTION 3.15 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 body, except as described in Section 3.15(b) and (c), and Section 3 of Annex I. 
 (b) The Trust may, with the consent of the Administrative Trustees or, if there are more than two, a majority of the Administrative Trustees and without the consent of the Holders of the Securities, the
Delaware Trustee or the Institutional Trustee, consolidate, amalgamate, merge with or into, or be replaced by a trust organized as such under the laws of any State; provided, that: 
 (i) if the Trust is not the successor, 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 Trust Preferred Securities
(the “Successor Securities”) so long as the Successor Securities rank the same as the Trust Preferred Securities rank with respect to Distributions and payments upon liquidation, redemption and otherwise; 
 (ii) the Junior Subordinated Debt Securities Issuer expressly acknowledges a trustee of the Successor Entity that possesses
the same powers and duties as the Institutional Trustee in its capacity as the Holder of the Junior Subordinated Debt Securities; 
 (iii) immediately following such merger, consolidation, amalgamation or replacement, the Trust Preferred Securities of the Successor Entity or any Successor Securities are listed, or any Successor
Securities will be listed upon notification of issuance, on any national securities exchange or with any other organization on which the Trust Preferred Securities are then listed or quoted; 
 (iv) such merger, consolidation, amalgamation or replacement does not cause the Trust Preferred Securities (including any
Successor Securities) to be downgraded by any nationally recognized statistical rating organization; 
  

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 (v) such merger, consolidation, amalgamation or replacement does not
adversely affect the rights, preferences and privileges of the Holders of the Securities (including any Successor Securities) in any material respect (other than with respect to any dilution of such Holders’ interests in the new entity as a
result of such merger, consolidation, amalgamation or replacement); 
 (vi) such Successor Entity has a purpose
identical to that of the Trust; 
 (vii) prior to such merger, consolidation, amalgamation or replacement, the
Trust has received an opinion of a nationally recognized independent counsel to the Trust experienced in such matters to the effect that: 
 (A) such merger, consolidation, amalgamation or replacement does not adversely affect the rights, preferences and privileges of the Holders of the Securities (including any Successor Securities) in any
material respect (other than with respect to any dilution of the Holders’ interest in the new entity); and 
 (B) following such merger, consolidation, amalgamation or replacement, neither the Trust nor the Successor Entity will be required to register as an Investment Company; and 
 (C) following such merger, consolidation, amalgamation or replacement, the Trust (or the Successor Entity) will continue to
be classified as a grantor trust for United States federal income tax purposes; and 
 (viii) the Sponsor or any
permitted successor or assignee owns all of the Common Securities and guarantees the obligations of such Successor Entity under the Successor Securities at least to the extent provided by the Trust Preferred Securities Guarantee and such Successor
Entity expressly assumes all of the obligations of the Trust with respect to the Trustees. 
 (c) Notwithstanding
Section 3.15(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 any other entity or permit any other entity to consolidate,
amalgamate, merge with or into, or replace it, if in the opinion of a nationally recognized independent tax counsel experienced in such matters, such consolidation, amalgamation, merger or replacement would cause the Trust or the Successor Entity to
be classified as other than a grantor trust for United States federal income tax purposes. 
 SECTION 3.16 Paying
Agent. The initial Paying Agent shall be The Bank of New York Mellon Trust Company, N.A. and any co-paying agent chosen by the Paying Agent and acceptable to the Administrative Trustees and the Sponsor. The Paying Agent shall make Distributions
and shall report the amounts of such Distributions to the Institutional Trustee and the Administrative Trustees. Any Person acting as Paying Agent shall be permitted to resign as Paying Agent upon 30 days’ written notice to the Administrative
Trustees, the Institutional Trustee and the Sponsor. In the event that The Bank of New York Mellon Trust Company, N.A. shall no longer be the Paying Agent or a successor Paying Agent shall resign or its authority to act be revoked, the
Administrative Trustees shall appoint a successor that is acceptable to the

  

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Institutional Trustee and the Sponsor to act as Paying Agent (which shall be a bank or trust company). The Administrative Trustees shall cause such successor Paying Agent or any additional Paying
Agent appointed by the Administrative Trustees to execute and deliver to the Trustees an instrument in which such successor Paying Agent or additional Paying Agent shall agree with the Trustees that as Paying Agent, such successor Paying Agent or
additional Paying Agent will hold all sums, if any, held by it for payment to the Holders in trust for the benefit of the Holders entitled thereto until such sums shall be paid to such Holders. The Paying Agent shall return all unclaimed funds to
the Institutional Trustee and upon resignation or removal of a Paying Agent such Paying Agent shall also return all funds in its possession to the Institutional Trustee. Any reference in this Agreement to the Paying Agent shall include any co-paying
agent unless the context requires otherwise. 
 ARTICLE IV. 
 SPONSOR 
 SECTION 4.1 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 equal to $10,000 or more of the capital of the Trust, at the same time as the Trust Preferred Securities are sold.

 SECTION 4.2 Responsibilities of the Sponsor. In connection with the issue and sale of the Trust Preferred
Securities, the Sponsor shall have the exclusive right and responsibility to engage in the following activities (and any actions taken by the Sponsor in furtherance of the following prior to the date hereof are hereby ratified and confirmed in all
respects): 
 (a) to prepare for filing by the Trust with the Commission a registration statement on Form S-3 or on another
appropriate form, or a registration statement under Rule 462(b) of the Securities Act, including any pre-effective or post-effective amendments thereto, relating to the registration under the Securities Act of the Trust Preferred Securities;

 (b) to determine the States in which to take appropriate action to qualify or register for sale all or part of the Trust
Preferred 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 or advisable in order to comply with the applicable laws of any such States; 
 (c) to prepare for
filing by the Trust an application to the New York Stock Exchange, any other national stock exchange or The Nasdaq Stock Market for listing upon notice of issuance of any Trust Preferred Securities; 
 (d) to prepare for filing by the Trust with the Commission a registration statement on Form 8-A, including any pre-effective or
post-effective amendments thereto, relating to the registration of the Trust Preferred Securities under Section 12(b) of the Exchange Act, including any amendments thereto; and 
  

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 (e) to negotiate the terms of the Underwriting Agreement providing for the sale of the Trust
Preferred Securities. 
 SECTION 4.3 Exchanges by the Sponsor. 
 (a) If at any time the Sponsor or any of its Affiliates (in either case, a “Sponsor Affiliated Holder”) is the Holder of any Trust
Preferred Securities, such Sponsor Affiliated Holder shall have the right to deliver to the Institutional Trustee all or such portion of its Trust Preferred Securities as it elects and receive, in exchange therefor, Junior Subordinated Debt
Securities in an aggregate principal amount equal to the stated liquidation amount of, with an interest rate identical to the distribution rate of, and accrued and unpaid interest equal to accumulated and unpaid Distributions on, the Trust Preferred
Securities. Such election (i) shall be exercisable effective by such Sponsor Affiliated Holder delivering to the Institutional Trustee a written notice of such election (A) specifying the liquidation amount of the Trust Preferred
Securities with respect to which such election is being made and (B) the date on which such exchange shall occur, which date shall not be less than three (3) Business Days after the receipt by the Institutional Trustee of such election
notice, and which may be any date other than the record date for any Distribution or a date from such record date to and including the Distribution Date for such Distribution and (ii) shall be conditioned upon such Sponsor Affiliated Holder
having delivered or caused to be delivered to the Institutional Trustee or its designee the Trust Preferred Securities which are the subject of such election by 10:00 A.M. New York City time, on the date on which such exchange is to occur. After the
exchange, such Trust Preferred Securities will be cancelled and will no longer be deemed to be outstanding and all rights of the Sponsor or its Affiliate(s) with respect to such Trust Preferred Securities will cease, including accumulated but unpaid
Distributions thereon. In the event such Trust Preferred Securities are Book Entry Interests, upon such exchange the Institutional Trustee, in its capacity as Registrar, shall cause an annotation to be made on the related Global Certificate or
certificates evidencing such Book-Entry Interests to evidence the reduction in the liquidation amount thereof resulting from such cancellation. 
 (b) Notwithstanding anything else in this Declaration of Trust to the contrary, in order to effectuate the exchanges contemplated in (a) above, the Trust is hereby authorized to execute, deliver and
perform, and the Sponsor, the Institutional Trustee, any Administrative Trustee or the Registrar, on behalf of the Trust, acting singly or collectively, is hereby authorized to execute and deliver on behalf of the Trust, an exchange agreement,
cancellation letter, and any and all other documents, agreements, or certificates contemplated by or related to the exchanges made pursuant to (a) above, in each case without further vote or approval of any other Person. 
 ARTICLE V. 
 TRUSTEES 
 SECTION 5.1 Number of Trustees. The number of Trustees initially shall be four, 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 
  

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 (b) after the issuance of any Securities, the number of Trustees may be increased or
decreased by vote of the Holders of a Majority in liquidation amount of the Common Securities voting as a class at a meeting of the Holders of the Common Securities, 
 provided, however, that the number of Trustees shall in no event be less than two; provided further that (1) one Trustee, in the case of a natural person, shall be a person who is a
resident of the State of Delaware or that, if not a natural person, shall be an entity which has its principal place of business in the State of Delaware (the “Delaware Trustee”); (2) there shall be at least one Trustee who is an
employee or officer of, or is affiliated with the Sponsor (an “Administrative Trustee”); and (3) one Trustee shall be the Institutional Trustee for so long as this Declaration of Trust is required to qualify as an indenture under the
Trust Indenture Act, and such Trustee may also serve as Delaware Trustee if it meets the applicable requirements. 
 SECTION 5.2 Delaware Trustee. If required by the Statutory Trust Act, the Delaware Trustee shall be: 
 (a)
a natural person who is a resident of the State of Delaware; or 
 (b) if not a natural person, an entity which has its
principal place of business in the State of Delaware, and otherwise meets the requirements of applicable law, 
 provided, that if the
Institutional Trustee has its principal place of business in the State of Delaware and otherwise meets the requirements of applicable law, then the Institutional Trustee shall also be the Delaware Trustee and Section 3.11 shall have no
application. 
 SECTION 5.3 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) be a corporation organized and doing business under the laws of the United States of America or any State or Territory
thereof or of the District of Columbia, or a corporation or Person permitted by the Commission to act as an institutional trustee under the Trust Indenture Act, authorized under such laws to exercise corporate trust powers, having a combined capital
and surplus of at least 50 million U.S. dollars ($50,000,000), and subject to supervision or examination by Federal, State, Territorial or District of Columbia authority. If such corporation 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 5.3(a)(ii), 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; and 
 (iii) if the Trust
is excluded from the definition of an Investment Company solely by means of Rule 3a-7 and to the extent Rule 3a-7 requires a trustee having certain qualifications to hold title to the “eligible assets” of the Trust, the Institutional
Trustee shall possess those qualifications. 
  

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 (b) If at any time the Institutional Trustee shall cease to be eligible to so act under
Section 5.3(a), the Institutional Trustee shall immediately resign in the manner and with the effect set forth in Section 5.6(c). 
 (c) If the Institutional Trustee has or shall acquire any “conflicting interest” within the meaning of § 310(b) of the Trust Indenture Act, the Institutional Trustee and the Holders of the
Common Securities (as if such Holders were the obligor referred to in § 310(b) of the Trust Indenture Act) shall in all respects comply with the provisions of § 310(b) of the Trust Indenture Act. 
 (d) The Trust Preferred Securities Guarantee shall be deemed to be specifically described in this Declaration of Trust for purposes of
clause (i) of the first provision contained in Section 310(b) of the Trust Indenture Act. 
 (e) The initial
Institutional Trustee shall be as set forth in Section 5.5 hereof. 
 SECTION 5.4 Qualifications of Administrative
Trustees and Delaware Trustee Generally. Each Administrative Trustee and the Delaware Trustee (unless the Institutional Trustee also acts as Delaware Trustee) shall be either a natural person who is at least 21 years of age or a legal entity
that shall act through one or more Authorized Officers. 
 SECTION 5.5 Initial Trustees; Additional Powers of
Administrative Trustees. 
 (a) The initial Administrative Trustees shall be: 
 Thomas A. Feil 
 Stephen Linehan 
 The initial Delaware Trustee shall be:

 BNY Mellon Trust of Delaware 
 White Clay Center, 
 Route 273 
 Newark, Delaware 19711 
 The initial Institutional Trustee shall be: 
 The Bank of New York Mellon Trust Company, N.A. 
 2 North LaSalle Street, Suite 1020 
 Chicago, Illinois 60602 
 (b) Except as expressly set forth in this Declaration of Trust and except if a meeting of the Administrative Trustees is called with respect to any matter over which the Administrative Trustees have power
to act, any power of the Administrative Trustees may be exercised by, or with the consent of, any one such Administrative Trustee. 
 (c) Except as otherwise required by the Statutory Trust Act or applicable law, any Administrative Trustee is authorized to execute on behalf of the Trust any documents which the

  

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Administrative Trustees have the power and authority to cause the Trust to execute pursuant to Section 3.6, provided, that the registration statement referred to in Section 3.6,
including any amendments thereto, shall be signed by all of the Administrative Trustees. 
 (d) An Administrative Trustee may,
by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his or her power for the purposes of signing any documents which the Administrative Trustees have power and authority to cause the Trust to
execute pursuant to Section 3.6. 
 SECTION 5.6 Appointment, Removal and Resignation of Trustees. 

(a) Subject to Section 5.6(b), Trustees may be appointed or removed without cause at any time: 
 (i) until the issuance of any Securities, by written instrument executed by the Sponsor; and 
 (ii) in the case of the Administrative Trustees, after the issuance of any Securities, by vote of the Holders of a Majority
in liquidation amount of the Common Securities voting as a class at a meeting of the Holders of the Common Securities; 
 (iii) in the case of the Institutional Trustee and the Delaware Trustee, unless a Declaration Default shall have occurred and be continuing after the issuance of any Securities, by a vote of the Holders of a Majority in liquidation amount
of the Common Securities voting as a class at a meeting of the Holders of the Common Securities; and 
 (iv) in
the case of the Institutional Trustee and the Delaware Trustee, if a Declaration Default shall have occurred and be continuing after the issuance of the Securities, by a vote of the Holders of a Majority in liquidation amount of the Trust Preferred
Securities voting as a class at a meeting of the Holders of the Trust Preferred Securities. 
 (b)(i) The Trustee that acts as
Institutional Trustee shall not be removed in accordance with Section 5.6(a) until a successor Trustee possessing the qualifications to act as Institutional Trustee under Section 5.3 (a “Successor Institutional Trustee”) has been
appointed and has accepted such appointment by written instrument executed by such Successor Institutional Trustee and delivered to the Administrative Trustees and the Sponsor; and 
 (ii) the Trustee that acts as Delaware Trustee shall not be removed in accordance with Section 5.6(a) until a successor
Trustee possessing the qualifications to act as Delaware Trustee under Sections 5.2 and 5.4 (a “Successor Delaware Trustee”) has been appointed and has accepted such appointment by written instrument executed by such Successor Delaware
Trustee and delivered to the Administrative Trustees and the Sponsor. 
 (c) A Trustee appointed to office shall hold office
until his successor shall have been appointed or until his death, removal or resignation. Any Trustee may resign from office (without need for prior or subsequent accounting) by an instrument in writing signed by the

  

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Trustee and delivered to the Sponsor and the Trust, which resignation shall take effect upon such delivery or upon such later date as is specified therein; provided, however, that: 
 (i) No such resignation of the Trustee that acts as the Institutional Trustee shall be effective: 
 (A) until a Successor Institutional Trustee has been appointed and has accepted such appointment by instrument executed by
such Successor Institutional Trustee and delivered to the Trust, the Sponsor and the resigning Institutional Trustee; or 
 (B) until the assets of the Trust have been completely liquidated and the proceeds thereof distributed to the Holders of the Securities; and 
 (ii) no such resignation of the Trustee that acts as the Delaware Trustee shall be effective until a Successor Delaware
Trustee has been appointed and has accepted such appointment by instrument executed by such Successor Delaware Trustee and delivered to the Trust, the Sponsor and the resigning Delaware Trustee. 
 (d) The Holders of the Common Securities shall use their best efforts to promptly appoint a Successor Delaware Trustee or Successor
Institutional Trustee as the case may be if the Institutional Trustee or the Delaware Trustee delivers an instrument of resignation in accordance with this Section 5.6. 
 (e) If no Successor Institutional Trustee or Successor Delaware Trustee shall have been appointed and accepted appointment as provided in
this Section 5.6 within 60 days after delivery to the Sponsor and the Trust of an instrument of resignation, the resigning Institutional Trustee or Delaware Trustee, as applicable, may petition at the expense of the Junior Subordinated Debt
Securities Issuer any court of competent jurisdiction for appointment of a Successor Institutional Trustee or Successor Delaware Trustee. Such court may thereupon, after prescribing such notice, if any, as it may deem proper and prescribe, appoint a
Successor Institutional Trustee or Successor Delaware Trustee, as the case may be. 
 (f) 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. 
 SECTION 5.7 Vacancies among Trustees. If a Trustee ceases to hold office for any reason and the number of Trustees is not reduced pursuant to Section 5.1, or if the number of Trustees is
increased pursuant to Section 5.1, a vacancy shall occur. A resolution certifying the existence of such vacancy by the Administrative Trustees or, if there are more than two, a majority of the Administrative Trustees shall be conclusive
evidence of the existence of such vacancy. The vacancy shall be filled with a Trustee appointed in accordance with Section 5.6. 
 SECTION 5.8 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. Whenever a vacancy in the number of Administrative Trustees shall occur, until such vacancy is filled by the appointment of

  

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an Administrative Trustee in accordance with Section 5.6, the Administrative Trustees in office, regardless of their number, shall have all the powers granted to the Administrative Trustees
and shall discharge all the duties imposed upon the Administrative Trustees by this Declaration of Trust. 
 SECTION 5.9
Meetings. If there is more than one Administrative Trustee, meetings of the Administrative Trustees shall be held from time to time upon the call of any Administrative Trustee. Regular meetings of the Administrative Trustees may be held at a
time and place fixed by resolution of the Administrative Trustees. Notice of any in-person meetings of the Administrative Trustees 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 Administrative Trustees 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 an Administrative Trustee at a
meeting shall constitute a waiver of notice of such meeting except where an Administrative Trustee 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 of Trust, any action of the Administrative Trustees may be taken at a meeting by vote of a majority of the Administrative Trustees present (whether in person or by telephone) and eligible to
vote with respect to such matter, provided that a Quorum is present, or without a meeting by the unanimous written consent of the Administrative Trustees. In the event there is only one Administrative Trustee, any and all action of such
Administrative Trustee shall be evidenced by a written consent of such Administrative Trustee. 
 SECTION 5.10
Delegation of Power. 
 (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate
to any other natural person over the age of 21 his or her power for the purpose of executing any documents contemplated in Section 3.6, including any registration statement or amendment thereto filed with the Commission, or making any other
governmental filing. 
 (b) The Administrative Trustees shall have power to delegate from time to time to such of their number
or to officers of the Trust the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such
delegation is not prohibited by applicable law or contrary to the provisions of the Trust, as set forth herein. 
 SECTION 5.11 Merger, Conversion, Consolidation or Succession to Business. Any corporation 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 corporation 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 corporation 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, provided such corporation shall be
otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. 
  

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 ARTICLE VI. 
 DISTRIBUTIONS 
 SECTION 6.1 Distributions. Holders shall receive
Distributions (as defined herein) in accordance with the applicable terms of the relevant Holder’s Securities. Distributions shall be made on the Trust Preferred Securities and the Common Securities in accordance with the preferences set forth
in their respective terms. If and to the extent that the Junior Subordinated Debt Securities Issuer makes a payment of interest (including Compounded Interest (as defined in the Indenture) and Additional Interest (as defined in the Indenture)),
premium and/or principal on the Junior Subordinated Debt Securities held by the Institutional Trustee (the amount of any such payment being a “Payment Amount”), the Institutional Trustee shall and is directed to make a distribution (a
“Distribution”) of the Payment Amount to Holders. 
 ARTICLE VII. 
 ISSUANCE OF SECURITIES 
 SECTION 7.1 General Provisions Regarding Securities. 
 (a) The Administrative Trustees shall on behalf of
the Trust issue one class of cumulative trust preferred securities representing undivided beneficial interests in the assets of the Trust having such terms as are set forth in Annex I (the “Trust Preferred Securities”) and one class of
common securities representing undivided beneficial interests in the assets of the Trust 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 Trust Preferred Securities and the Common Securities. 
 (b) The Certificates shall be signed on behalf of
the Trust by an Administrative Trustee. Such signature shall be the manual or facsimile signature of any present or any future Administrative Trustee. In case any Administrative Trustee of the Trust who shall have signed any of the Securities shall
cease to be such Administrative Trustee 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 Administrative
Trustee; and any Certificate may be signed on behalf of the Trust by such persons who, at the actual date of execution of such Security, shall be the Administrative Trustees of the Trust, although at the date of the execution and delivery of the
Declaration of Trust any such person was not such an Administrative Trustee. Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Administrative Trustees, as evidenced by
their execution thereof, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements as the Administrative Trustees may deem appropriate, or as may be required to comply with any law or with
any rule or regulation of any stock exchange on which Securities may be listed, or to conform to usage. The Securities shall not be valid until authenticated by the manual signature of an authorized

  

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signatory of the Institutional Trustee. Such signature shall be conclusive evidence that the Security has been authenticated under this Declaration of Trust. Upon a written order of the Trust
signed by an Administrative Trustee, the Institutional Trustee shall authenticate the Securities for original issue. The aggregate number of Securities outstanding at any time shall not exceed the number set forth in Section 7.2. 
 (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 of Trust,
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 of Trust. 
 (e) Every Person, by virtue of having become a Holder or a Trust Preferred Security Beneficial Owner in accordance with the terms of this
Declaration of Trust, shall be deemed to have expressly assented and agreed to the terms of, and shall be bound by, this Declaration of Trust. 
 SECTION 7.2 Issuance of Securities; Purchase of Junior Subordinated Debt Securities. 
 (a) The Trust shall be authorized to issue the Trust Preferred Securities and the Common Securities set forth in Section 1 of Annex I hereto. 
 (b) Contemporaneously with the execution and delivery of this Declaration of Trust, an Administrative Trustee, on behalf of the Trust, shall
execute in accordance with Section 7.1(b) and the Institutional Trustee shall, pursuant to Section 7.1(b), authenticate and deliver to the underwriters named in the Underwriting Agreement Trust Preferred Security Certificates, registered
in the name of the nominee of the initial Clearing Agency, in an aggregate amount of 1,000,000 Trust Preferred Securities having an aggregate liquidation amount of $1,000,000,000, against receipt of an aggregate purchase price of such Trust
Preferred Securities of $987,050,000, by the Trust. 
 (c) Contemporaneously with the execution and delivery of this Declaration
of Trust, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 7.1(b) and the Institutional Trustee shall, pursuant to Section 7.1(b), authenticate and deliver to the Sponsor, in its capacity as the
Holder of the Common Securities, Common Security Certificates registered in the name of such Holder, evidencing 10 Common Securities having an aggregate liquidation amount of $10,000, against receipt of the aggregate purchase price of such Common
Securities of $9,870.50, by the Institutional Trustee. Contemporaneously therewith and with the issuance of Trust Preferred Securities as set forth in Section 7.2(b), an Administrative Trustee, on behalf of the Trust, shall subscribe to and
purchase from the Junior Subordinated Debt Securities Issuer Junior Subordinated Debt Securities, registered in the name of the Institutional Trustee and having an aggregate principal amount equal to $1,000,010,000, and, in satisfaction of the
purchase price for such Junior Subordinated Debt Securities, the Trust shall deliver to the Junior Subordinated Debt Securities Issuer the sum of $974,559,870.50 (being the sum of the amounts delivered to the Trust pursuant to the first sentence of
Section 7.2(b) above and the first sentence of this Section 7.2(c) less the commissions paid to the underwriters in accordance with the Underwriting Agreement). 
  

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 ARTICLE VIII. 
 TERMINATION OF TRUST 
 SECTION 8.1 Termination of Trust. 

(a) The Trust shall dissolve: 
 (i) upon the bankruptcy of any Holder of the Common Securities or the Sponsor; 
 (ii) upon the filing of a certificate of dissolution or its equivalent with respect to any Holder of the Common Securities or the Sponsor; or the revocation of the charter of the Holder of the Common
Securities or the Sponsor and the expiration of 90 days after the date of revocation without a reinstatement thereof; 
 (iii) upon the entry of a decree of a judicial dissolution of any Holder of the Common Securities, the Sponsor or the Trust; 
 (iv) subject to obtaining any required regulatory approval, when all of the Securities have been called for redemption and the amounts necessary for redemption thereof have been paid to the Holders in
accordance with the terms of the Securities; 
 (v) subject to obtaining any required regulatory approval, when
the Trust shall have been dissolved in accordance with the terms of the Securities upon election by the Sponsor to dissolve the Trust and distribute all of the Junior Subordinated Debt Securities to the Holders of Securities in exchange for all of
the Securities, and all of the Junior Subordinated Debt Securities shall have been distributed to the Holders of Securities in accordance with such election; 
 (vi) before the issuance of any Securities, with the consent of all of the Administrative Trustees and the Sponsor; or

 (vii) upon the expiration of the term of the Trust set forth in Section 3.14. 
 (b) As soon as is practicable after the completion of the winding up of the Trust, an Administrative Trustee shall file a certificate of
cancellation with the Secretary of State of the State of Delaware. 
 (c) The provisions of Section 3.9 and Article X shall
survive the termination of the Trust. 
  

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 ARTICLE IX. 
 TRANSFER OF INTERESTS 
 SECTION 9.1 Transfer of Securities.

 (a) Securities may only be transferred, in whole or in part, in accordance with the terms and conditions set forth in this
Declaration of Trust and in the terms of the Securities. Any transfer or purported transfer of any Security not made in accordance with this Declaration of Trust shall, to the fullest extent permitted by law, be null and void. 
 (b) Subject to this Article IX, Trust Preferred Securities shall be freely transferable. 
 (c) Subject to this Article IX and except as provided in Article VIII of the Indenture, the Sponsor and any Related Party may only transfer
Common Securities to the Sponsor or a Related Party of the Sponsor; provided, that any such transfer is subject to the condition precedent that the transferor obtain the written opinion of nationally recognized independent counsel experienced in
such matters that such transfer would not cause more than an insubstantial risk that: 
 (i) the Trust would not
be classified for United States federal income tax purposes as a grantor trust; and 
 (ii) the Trust would be an
Investment Company or the transferee would become an Investment Company. 
 SECTION 9.2 Transfer of Certificates.
The Administrative Trustees shall keep or cause to be kept a register for registering the Certificates and transfers and exchanges of the Certificates, in which the Administrative Trustees or the transfer agent and registrar designated by the
Administrative Trustees (the “Registrar”) shall provide for the registration of Certificates and of transfers of Certificates, which will be effected without charge but only upon payment in respect of any tax or other government charges
that may be imposed in relation to it. Upon surrender for registration of transfer of any Certificate, the Registrar shall cause one or more new Certificates to be issued in the name of the designated transferee or transferees. Every Certificate
surrendered for registration of transfer shall be accompanied by a written instrument of transfer in form satisfactory to the Registrar duly executed by the Holder or such Holder’s attorney duly authorized in writing. Each Certificate
surrendered for registration of transfer shall be canceled by the Registrar. A transferee of a Certificate shall be entitled to the rights and subject to the obligations of a Holder hereunder upon the receipt by such transferee of a Certificate. By
acceptance of a Certificate, each transferee shall be deemed to have agreed to be bound by this Declaration of Trust. The Institutional Trustee shall be the initial Registrar. 
 SECTION 9.3 Deemed Security Holders. The Trustees may treat the Person in whose name any Certificate shall be registered on the
books and records of the Trust as the sole holder of such Certificate and of the Securities represented by such Certificate 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 Certificate or in the Securities represented by such Certificate on the part of any Person, whether or not the Trust shall have actual or other notice thereof. 
  

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 SECTION 9.4 Book Entry Interests. Unless otherwise specified in the terms of the
Trust Preferred Securities, the Trust Preferred Securities Certificates, on original issuance, will be issued in the form of one or more, fully registered, global Trust Preferred Security Certificates (each a “Global Certificate”), to be
delivered to DTC, the initial Clearing Agency, by, or on behalf of, the Trust. Such Global Certificates shall initially be registered on the books and records of the Trust in the name of Cede & Co., the nominee of DTC, and no Trust
Preferred Security Beneficial Owner will receive a definitive Trust Preferred Security Certificate representing such Trust Preferred Security Beneficial Owner’s interests in such Global Certificates, except as provided in Section 9.7.
Unless and until definitive, fully registered Trust Preferred Security Certificates (the “Definitive Trust Preferred Security Certificates”) have been issued to the Trust Preferred Security Beneficial Owners pursuant to Section 9.7:

 (a) the provisions of this Section 9.4 shall be in full force and effect; 
 (b) the Trust and the Trustees shall be entitled to deal with the Clearing Agency for all purposes of this Declaration of Trust (including
the payment of Distributions on the Global Certificates and receiving approvals, votes or consents hereunder) as the Holder of the Trust Preferred Securities and the sole holder of the Global Certificates and shall have no obligation to the Trust
Preferred Security Beneficial Owners; 
 (c) to the extent that the provisions of this Section 9.4 conflict with any other
provisions of this Declaration of Trust, the provisions of this Section 9.4 shall control; and 
 (d) the rights of the
Trust Preferred Security Beneficial Owners shall be exercised only through the Clearing Agency and shall be limited to those established by law and agreements between such Trust Preferred Security Beneficial Owners and the Clearing Agency and/or the
Clearing Agency Participants and receive and transmit payments of Distributions on the Global Certificates to such Clearing Agency Participants. DTC will make book entry transfers among the Clearing Agency Participants. 
 SECTION 9.5 Notices to Clearing Agency. Whenever a notice or other communication to the Trust Preferred Security Holders is
required under this Declaration of Trust, unless and until Definitive Trust Preferred Security Certificates shall have been issued to the Trust Preferred Security Beneficial Owners pursuant to Section 9.7, the Administrative Trustees shall give
all such notices and communications specified herein to be given to the Trust Preferred Security Holders to the Clearing Agency, and shall have no notice obligations to the Trust Preferred Security Beneficial Owners. 
 SECTION 9.6 Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as a securities
depositary with respect to the Trust Preferred Securities, the Administrative Trustees may, in their sole discretion, appoint a successor Clearing Agency with respect to such Trust Preferred Securities. 
  

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 SECTION 9.7 Definitive Trust Preferred Security Certificates. If 
 (a) a Clearing Agency elects to discontinue its services as a securities depositary with respect to the Trust Preferred Securities and a
successor Clearing Agency is not appointed within 90 days after such discontinuance pursuant to Section 9.6; or 
 (b) the
Administrative Trustees elect after consultation with the Sponsor to terminate the book entry system through the Clearing Agency with respect to the Trust Preferred Securities, then: 
 (i) Definitive Trust Preferred Security Certificates shall be prepared by the Administrative Trustees on behalf of the Trust
with respect to such Trust Preferred Securities; and 
 (ii) upon surrender of the Global Certificates by the
Clearing Agency, accompanied by registration instructions, the Administrative Trustees shall cause Definitive Certificates to be delivered to Trust Preferred Security Beneficial Owners in accordance with the instructions of the Clearing Agency.
Neither the Trustees nor the Trust shall be liable for any delay in delivery of such instructions and each of them may conclusively rely on and shall be protected in relying on, said instructions of the Clearing Agency. The Definitive Trust
Preferred Security Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Administrative Trustees, as evidenced by their execution thereof, and may have such letters, numbers
or other marks of identification or designation and such legends or endorsements as the Administrative Trustees may deem appropriate, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule
or regulation of any stock exchange on which Trust Preferred Securities may be listed, or to conform to usage. 
 SECTION 9.8 Mutilated, Destroyed, Lost or Stolen Certificates. If: 
 (a) any mutilated Certificates should
be surrendered to the Administrative Trustees, or if the Administrative Trustees shall receive evidence to their satisfaction of the destruction, loss or theft of any Certificate; and 
 (b) there shall be delivered to the Administrative Trustees such security or indemnity as may be 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 or protected purchaser, any
Administrative Trustee on behalf of the Trust shall execute and deliver, 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 this Section 9.8, the Administrative Trustees may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. Any duplicate Certificate issued 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. 
  

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 ARTICLE X. 
 LIMITATION OF LIABILITY OF HOLDERS OF 
 SECURITIES, TRUSTEES OR OTHERS 

SECTION 10.1 Liability. 
 (a) Except as expressly set forth in this Declaration of Trust, the Trust Preferred Securities 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 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 § 3803(a) of the Statutory Trust Act, the Holders of the Trust Preferred 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. 
 SECTION 10.2
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 of Trust or by law, except that an Indemnified Person shall be liable for any such loss, damage or claim incurred by reason of such Indemnified
Person’s gross negligence (or negligence in the case of the Institutional Trustee) or willful misconduct 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 who has been selected with reasonable care by or on behalf of the Trust, including information, opinions, reports or
statements as to the value and amount of the assets, liabilities, profits, losses, or any other facts pertinent to the existence and amount of assets from which Distributions to Holders of Securities might properly be paid. 
  

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 SECTION 10.3 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 of Trust shall not be liable to the Trust or to any other Covered Person for its good faith reliance on the provisions of this Declaration of Trust. The
provisions of this Declaration of Trust, 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 such Indemnified Person. 
 (b)
Unless otherwise expressly provided herein: 
 (i) whenever a conflict of interest exists or arises between any
Covered Persons; or 
 (ii) whenever this Declaration of Trust or any other agreement contemplated herein or
therein provides that an Indemnified Person shall act in a manner that is, or provides terms that are, fair and reasonable to the Trust or any Holder of Securities, 
 the Indemnified Person shall resolve such conflict of interest, take such action or provide such terms, considering in each case the relative interest of each party (including its own interest) to such
conflict, agreement, transaction or situation and the benefits and burdens relating to such interests, any customary or accepted industry practices, and any applicable generally accepted accounting practices or principles. In the absence of bad
faith by the Indemnified Person, the resolution, action or term so made, taken or provided by the Indemnified Person shall not constitute a breach of this Declaration of Trust or any other agreement contemplated herein or of any duty or obligation
of the Indemnified Person at law or in equity or otherwise. 
 (c) Whenever in this Declaration of Trust 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 of Trust or by applicable law. 
 SECTION 10.4 Indemnification. 
 (a)(i) The Junior Subordinated Debt
Securities Issuer shall indemnify, to the full extent permitted by law, any Company 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 he is or was a Company Indemnified Person against expenses 
  

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(including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding if he acted in good
faith and in a manner he 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 his 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 Company Indemnified Person did not act in good faith and in a
manner which he 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 his conduct was unlawful. 
 (ii) The Junior Subordinated Debt Securities Issuer shall indemnify, to the full extent permitted by law, any Company
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 he is or was a Company
Indemnified Person against expenses (including attorneys’ fees) actually and reasonably incurred by him in connection with the defense or settlement of such action or suit if he acted in good faith and in a manner he 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 Company 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 a Company 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 10.4(a), or in defense of any claim, issue or matter therein, he shall be indemnified, to the full extent permitted by law,
against expenses (including attorneys’ fees) actually and reasonably incurred by him in connection therewith. 
 (iv) Any indemnification under paragraphs (i) and (ii) of this Section 10.4(a) (unless ordered by a court) shall be made by the Junior Subordinated Debt Securities Issuer only as authorized in the specific case upon a
determination that indemnification of the Company Indemnified Person is proper in the circumstances because he has met the applicable standard of conduct set forth in paragraphs (i) and (ii). Such determination shall be made (1) by the
Administrative Trustees by a majority vote of a quorum consisting of such Administrative Trustees who were not parties to such action, suit or proceeding, (2) if such a quorum is not obtainable, or, even if obtainable, if a quorum of
disinterested Administrative Trustees so directs, by independent legal counsel in a written opinion, or (3) by the Common Security Holder of the Trust. 
  

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 (v) Expenses (including attorneys’ fees) incurred by a Company
Indemnified Person in defending a civil, criminal, administrative or investigative action, suit or proceeding referred to in paragraphs (i) and (ii) of this Section 10.4(a) shall be paid by the Junior Subordinated Debt Securities
Issuer in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such Company Indemnified Person to repay such amount if it shall ultimately be determined that he is not entitled to be
indemnified by the Junior Subordinated Debt Securities Issuer as authorized in this Section 10.4(a). Notwithstanding the foregoing, no advance shall be made by the Junior Subordinated Debt Securities Issuer if a determination is reasonably and
promptly made (i) by the Administrative Trustees by a majority vote of a quorum of disinterested Administrative Trustees, (ii) if such a quorum is not obtainable, or, even if obtainable, if a quorum of disinterested Administrative Trustees
so directs, by independent legal counsel in a written opinion or (iii) the Common Security Holder of the Trust, that, based upon the facts known to the Administrative Trustees, counsel or the Common Security Holder at the time such
determination is made, such Company Indemnified Person acted in bad faith or in a manner that such person did not believe to be in or not opposed to the best interests of the Trust, or, with respect to any criminal proceeding, that such Company
Indemnified Person believed or had reasonable cause to believe his conduct was unlawful. In no event shall any advance be made in instances where the Administrative Trustees, independent legal counsel or Common Security Holder reasonably determine
that such person deliberately breached his duty to the Trust or its Common or Trust Preferred Security Holders. 
 (vi) The indemnification and advancement of expenses provided by, or granted pursuant to, the other paragraphs of this Section 10.4(a) 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 Junior Subordinated Debt Securities Issuer or Trust Preferred Security Holders of the Trust or otherwise, both as to action in his
official capacity and as to action in another capacity while holding such office. All rights to indemnification under this Section 10.4(a) shall be deemed to be provided by a contract between the Junior Subordinated Debt Securities Issuer and
each Company Indemnified Person who serves in such capacity at any time while this Section 10.4(a) is in effect. Any repeal or modification of this Section 10.4(a) shall not affect any rights or obligations then existing. 
 (vii) The Junior Subordinated Debt Securities Issuer may purchase and maintain insurance on behalf of any person who is or
was a Company Indemnified Person against any liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not the Junior Subordinated Debt Securities Issuer would have the power to
indemnify him against such liability under the provisions of this Section 10.4(a). 
 (viii) For purposes of
this Section 10.4(a), 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,

  

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employee or agent of another entity, shall stand in the same position under the provisions of this Section 10.4(a) with respect to the resulting or surviving entity as he would have with
respect to such constituent entity if its separate existence had continued. 
 (ix) The indemnification and
advancement of expenses provided by, or granted pursuant to, this Section 10.4(a) shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a Company Indemnified Person and shall inure to the
benefit of the heirs, executors and administrators of such a person. 
 (b) The Junior Subordinated Debt Securities Issuer agrees
to indemnify the (i) Institutional Trustee, (ii) the Delaware Trustee, (iii) any Affiliate of the Institutional Trustee and the Delaware Trustee, and (iv) any officers, directors, shareholders, members, partners, employees,
representatives, custodians, nominees or agents of the Institutional Trustee and the Delaware Trustee (each of the Persons in (i) through (iv) being referred to as a “Fiduciary Indemnified Person”) for, and to hold each Fiduciary
Indemnified Person harmless against, any loss, liability, claim, damage or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder,
including the costs and expenses (including reasonable legal fees and expenses) of defending itself against or investigating any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. The
obligation to indemnify as set forth in this Section 10.4(b) shall survive the resignation or removal of the Institutional Trustee or the Delaware Trustee, as the case may be, and the satisfaction and discharge of this Declaration of Trust.

 SECTION 10.5 Outside Businesses. Any Covered Person, the Sponsor, the Delaware Trustee and the Institutional
Trustee (subject to Section 5.3(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 of Trust 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 or the breach of any duty at law, in equity or otherwise. No 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. 
  

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 ARTICLE XI. 
 ACCOUNTING 
 SECTION 11.1 Fiscal Year. The fiscal year (“Fiscal
Year”) of the Trust shall be the calendar year, or such other year as is required by the Code. 
 SECTION 11.2
Certain Accounting Matters. 
 (a) At all times during the existence of the Trust, the Administrative Trustees shall
keep, or cause to be kept, full books of account, records and supporting 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. The Trust shall use the accrual method of accounting for United States federal income tax purposes. 
 (b) The Administrative Trustees shall cause to be prepared and delivered to each of the Holders of Securities, to the extent, if any, required by the Trust Indenture Act, 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 related statements of income or loss; 
 (c) The Administrative Trustees shall cause to be duly prepared and delivered to each of the Holders of Securities, any 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 Administrative Trustees shall endeavor to deliver all such statements within 30 days after the end of each Fiscal Year of the Trust. 
 (d) The Administrative Trustees shall cause to be duly prepared and filed with the appropriate taxing authority, an annual United States
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 Administrative Trustees on behalf of the Trust with any state or local
taxing authority. 
 SECTION 11.3 Banking. The Trust shall maintain one or more bank accounts in the name and for
the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Junior Subordinated Debt Securities held by the Institutional Trustee shall be made directly to the Institutional Trustee Account and no other funds of
the Trust shall be deposited in the Institutional Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Institutional Trustee shall designate the signatories for the
Institutional Trustee Account. 
 SECTION 11.4 Withholding. The Trust and the Administrative Trustees shall comply
with all withholding requirements under United States federal, state and local law. The Trust shall request, and the Holders shall provide to the Trust, such forms or certificates as are necessary to establish an exemption from withholding with
respect to each Holder, and any

  

 42 

 
representations and forms as shall reasonably be requested by the Trust to assist it in determining the extent of, and in fulfilling, its withholding obligations. The Administrative Trustees
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 Trust
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 in the amount of the withholding to the Holder. 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 Trust may reduce subsequent Distributions by the
amount of such withholding. 
 ARTICLE XII. 
 AMENDMENTS AND MEETINGS 
 SECTION 12.1 Amendments. 
 (a) Except as otherwise provided in this Declaration of Trust or by any applicable terms of the Securities, this Declaration of Trust may
only be amended by a written instrument approved and executed by: 
 (i) the Administrative Trustees (or, if
there are more than two Administrative Trustees a majority of the Administrative Trustees); 
 (ii) if the
amendment affects the rights, powers, duties, obligations or immunities of the Institutional Trustee, the Institutional Trustee; and 
 (iii) if the amendment affects the rights, powers, duties, obligations or immunities of the Delaware Trustee, the Delaware Trustee; 
 (b) no amendment shall be made, and any such purported amendment shall be void and ineffective: 
 (i) unless, in the case of any proposed amendment, the Institutional Trustee (and the Delaware Trustee to the extent it is
required to execute or consent to any such amendment) shall have first received 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 of Trust
(including the terms of the Securities); 
 (ii) unless, in the case of any proposed amendment which affects the
rights, powers, duties, obligations or immunities of the Institutional Trustee, 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 of Trust (including the terms of the
Securities); and 
  

 43 

 (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 of Trust (including the terms of the Securities); and 
 (iii) to the extent the result of such amendment would be to: 
 (A)
cause the Trust to fail to continue 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; or 
 (C) cause the Trust to be deemed to be an Investment Company required to be registered under the Investment Company Act.

 (c) at such time after the Trust has issued any Securities that remain outstanding, any amendment that would materially and
adversely affect the rights, privileges or preferences of any Holder of Securities may be effected only with such additional requirements as may be set forth in the terms of such Securities; 
 (d) Section 9.1(c) and this Section 12.1 shall not be amended without the consent of all of the Holders of the Securities;

 (e) Article IV shall not be amended without the consent of the Holders of a Majority in liquidation amount of the Common
Securities; 
 (f) the rights of the Holders of the Common Securities under Article V 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 Common Securities; and 
 (g) subject to Section 12.1(c), this Declaration of Trust may be amended without the consent of the Holders of the Securities to: 
 (i) cure any ambiguity, correct or supplement any provisions in this Declaration of Trust that may be defective or
inconsistent with any other provision, or to make any other provisions with respect to matters or questions arising under this Declaration of Trust, which may not be inconsistent with the other provisions of this Declaration of Trust; 
 (ii) modify, eliminate or add to any provisions of this Declaration of Trust to such extent as shall be necessary to ensure
that the Trust will be classified for United States federal income tax purposes as a grantor trust at all times that any Securities are outstanding, to ensure that the Trust will not be required to register as an “investment company” under
the Investment Company Act or to ensure the treatment of the Trust Preferred Securities as Tier 1 regulatory capital of the Sponsor under prevailing Federal Reserve Board rules and regulations; 
 (iii) add to the covenants, restrictions or obligations of the Sponsor; 
  

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 (iv) maintain the qualification of this Declaration of Trust under the Trust
Indenture Act; and 
 (v) to modify, eliminate and add to any provision of the Declaration of Trust to such
extent as may be reasonably necessary to effectuate any of the foregoing or to otherwise comply with applicable law. 
 SECTION 12.2 Meetings of the Holders of Securities; Action by Written Consent. 
 (a) Meetings of the
Holders of any class of Securities may be called at any time by the Administrative Trustees (or as provided in the terms of the Securities) to consider and act on any matter on which Holders of such class of Securities are entitled to act under the
terms of this Declaration of Trust, the terms of the Securities or the rules of any stock exchange on which the Trust Preferred Securities are listed or admitted for trading. The Administrative Trustees shall call a meeting of the Holders of such
class if directed to do so by the Holders of Securities representing at least 10% in liquidation amount of such class of Securities. Such direction shall be given by delivering to the Administrative Trustees one or more consents in a writing stating
that the signing Holders of 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 Security Certificates held
by the Holders of Securities exercising the right to call a meeting and only those Securities specified 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 Securities: 
 (i) notice of any such meeting shall be given to all the Holders of 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 Securities is permitted or required under this Declaration of Trust or the rules of any
stock exchange on which the Trust Preferred Securities are listed or admitted for trading, such vote, consent or approval may be given at a meeting of the Holders of Securities. Any action that may be taken at a meeting of the Holders of Securities
may be taken without a meeting and without prior notice if a consent in writing setting forth the action so taken is signed by the Holders of Securities owning not less than the minimum amount of Securities in liquidation amount that would be
necessary to authorize or take such action at a meeting at which all Holders of 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 Securities
entitled to vote who have not consented in writing. The Administrative Trustees may specify that any written ballot submitted to the Security Holder for the purpose of taking any action without a meeting shall be returned to the Trust within the
time specified by the Administrative Trustees; 
 (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

  

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proxy. Every proxy shall be revocable at the pleasure of the Holder of 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; 
 (iii) each meeting of the Holders of the Securities shall be conducted by the
Administrative Trustees or by such other Person that the Administrative Trustees may designate; and 
 (iv)
unless the Statutory Trust Act, this Declaration of Trust, the terms of the Securities, the Trust Indenture Act or the listing rules of any stock exchange on which the Trust Preferred Securities are then listed or trading, otherwise provides, the
Administrative Trustees, in their sole discretion, shall establish all 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 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.

 ARTICLE XIII. 
 REPRESENTATIONS OF INSTITUTIONAL TRUSTEE 
 AND DELAWARE TRUSTEE 
 SECTION 13.1 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 of Trust, 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 with trust powers, duly organized,
validly existing and in good standing under the laws of the jurisdiction of its incorporation, with trust power and authority to execute and deliver, and to carry out and perform its obligations under the terms of, this Declaration of Trust;

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

 (c) the execution, delivery and performance by the Institutional Trustee of the Declaration of Trust have been duly
authorized by all necessary corporate action on the part of the Institutional Trustee. The Declaration of Trust has been duly executed and delivered by the Institutional Trustee, and it 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

  

 46 

 
generally and to general principles of equity and the discretion of the court (regardless of whether the enforcement of such remedies is considered in a proceeding in equity or at law);

 (d) the execution, delivery and performance of the Declaration of Trust by the Institutional Trustee do not conflict with or
constitute a breach of the Articles of Organization or By-laws of the Institutional Trustee; and 
 (e) no consent, approval or
authorization of, or registration with or notice to, any State or Federal banking authority is required for the execution, delivery or performance by the Institutional Trustee, of the Declaration of Trust. 
 SECTION 13.2 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 of Trust, 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) The Delaware Trustee is a Delaware banking corporation with trust powers, duly
organized, validly existing and in good standing under the laws of the State of Delaware, with power and authority to execute and deliver, and to carry out and perform its obligations under the terms of, the Declaration of Trust. 
 (b) The Delaware Trustee has been authorized to perform its obligations under the Declaration of Trust. The Declaration of Trust under
Delaware law 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 the enforcement of such remedies is considered in a proceeding in equity or at law). 
 (c) No consent, approval or authorization of, or registration with or notice to, any State or Federal banking authority is required for the
execution, delivery or performance by the Delaware Trustee, of the Declaration of Trust. 
 (d) The Delaware Trustee is an
entity which maintains its principal place of business in the State of Delaware. 
 ARTICLE XIV. 
 MISCELLANEOUS 
 SECTION 14.1 Notices. All notices provided for in this Declaration of Trust shall be in writing, duly signed by the party giving such notice, and shall be delivered, telecopied or mailed by registered or certified mail, as
follows: 
 (a) if given to the Trust, in care of the Administrative Trustees 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): 
 Capital One Capital VI

 c/o Capital One Financial Corporation 
 1680 Capital One Drive 
 McLean, Virginia 22102 
 Attention: Administrative Trustees 
  

 47 

 (b) if given to the Delaware Trustee, at the mailing address set forth below (or such other
address as Delaware Trustee may give notice of to the Holders of the Securities): 
 BNY Mellon Trust of Delaware 
 White Clay Center 
 Route 273 
 Newark, Delaware 19711 
 Attention: Corporate Trust Administration 
 (c) if given to the Institutional
Trustee, at the mailing address set forth below (or such other address as the Institutional Trustee may give notice of to the Holders of the Securities): 
 The Bank of New York Mellon Trust Company, N.A. 
 2 North LaSalle Street, Suite
1020 
 Chicago, Illinois 60602 
 Attention: Corporate Trust Administration 
 (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): 
 Capital One Financial Corporation 
 1680 Capital One Drive 
 McLean, Virginia 22102 
 Attention: General Counsel 
 (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 if a 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 14.2 Governing Law; Waiver of Jury Trial.
This Declaration of Trust and the Securities and the rights of the parties hereunder and thereunder shall be governed by and interpreted in accordance with the laws of the State of Delaware and all rights and remedies shall be governed by such laws
without regard to principles of conflict of laws. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN

  

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ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS DECLARATION OF TRUST, THE SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY. 
 SECTION 14.3 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 of Trust shall be interpreted in a manner consistent with this classification. 
 SECTION 14.4 Headings. Headings contained in this Declaration of Trust are inserted for convenience of reference only and do not affect the interpretation of this Declaration of Trust or any
provision hereof. 
 SECTION 14.5 Successors and Assigns. Whenever in this Declaration of Trust 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 of Trust by the Sponsor and the Trustees shall bind and inure to the benefit of their
respective successors and assigns, whether so expressed. 
 SECTION 14.6 Partial Enforceability. If any provision of
this Declaration of Trust, or the application of such provision to any Person or circumstance, shall be held invalid, the remainder of this Declaration of Trust, 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 14.7 Counterparts. This Declaration of Trust may
contain more than one counterpart of the signature page and this Declaration of Trust may be executed by the affixing of the signature of each of the Trustees to one of such counterpart signature pages. All of such counterpart signature pages shall
be read as though one, and they shall have the same force and effect as though all of the signers had signed a single signature page. 
 THE RECEIPT AND ACCEPTANCE OF A SECURITY OR ANY INTEREST THEREIN BY OR ON BEHALF OF A HOLDER OR TRUST PREFERRED SECURITY BENEFICIAL OWNER, WITHOUT ANY SIGNATURE OR FURTHER MANIFESTATION OF ASSENT, SHALL CONSTITUTE THE UNCONDITIONAL
ACCEPTANCE BY THE HOLDER AND ALL OTHERS HAVING A BENEFICIAL INTEREST IN SUCH SECURITY OF ALL THE TERMS AND PROVISIONS OF THIS DECLARATION, THE TRUST PREFERRED SECURITIES GUARANTEE AND THE INDENTURE, AND AGREEMENT TO THE SUBORDINATION PROVISIONS AND
OTHER TERMS OF THE TRUST PREFERRED SECURITIES GUARANTEE AND THE INDENTURE, AND SHALL CONSTITUTE THE AGREEMENT OF THE TRUST, SUCH HOLDER AND SUCH OTHERS THAT THE TERMS AND PROVISIONS OF THIS DECLARATION SHALL BE BINDING, OPERATIVE AND EFFECTIVE AS
BETWEEN THE TRUST AND SUCH HOLDER AND SUCH OTHERS. 
  

 49 

 IN WITNESS WHEREOF, the undersigned have caused these presents to be executed as of the day
and year first above written. 
  

			
	 	 	 /s/ Thomas A. Feil

	Name:	 	Thomas A. Feil
	Title:	 	Administrative Trustee
		
		 	/s/ Stephen Linehan
		 	 
	Name:	 	Stephen Linehan
	Title:	 	Administrative Trustee
	
	BNY MELLON TRUST OF DELAWARE, as Delaware Trustee
		
	By:	 	 /s/ Kristine K. Gullo

	Name:	 	Kristine K. Gullo
	Title:	 	Vice President
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
	as Institutional Trustee
		
	By:	 	 /s/ D.G. Donovan

	Name:	 	D.G. Donovan
	Title:	 	Vice President
	
	 CAPITAL ONE FINANCIAL CORPORATION,
 as Sponsor

		
	By:	 	 /s/ Gary L. Perlin

	Name:	 	Gary L. Perlin
	Title:	 	Chief Financial Officer

  

 50 

 ANNEX I 
 TERMS OF 
 8.875% CUMULATIVE TRUST PREFERRED SECURITIES 
 COMMON SECURITIES 
 Pursuant to Section 7.1 of the Amended and Restated Declaration of Trust, dated as of November 13, 2009 (as amended from time to time, the “Declaration of Trust”), the designation, rights, privileges, restrictions,
preferences and other terms and provisions of the Trust Preferred Securities and the Common Securities are set out below (each capitalized term used but not defined herein has the meaning set forth in the Declaration of Trust or, if not defined in
such Declaration of Trust, as defined in the Prospectus referred to below): 
 1. Designation and Number. 
 (a) Trust Preferred Securities. 1,000,000 Trust Preferred Securities of the Trust with an aggregate liquidation amount with respect
to the assets of the Trust of one billion dollars ($1,000,000,000), and a liquidation amount with respect to the assets of the Trust of $1,000.00 per trust preferred security, are hereby designated for the purposes of identification only as
“8.875% Cumulative Trust Preferred Securities” (the “Trust Preferred Securities”). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A-1 to the
Declaration of Trust, 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 Trust Preferred Securities are listed.

 (b) Common Securities. 10 Common Securities of the Trust with an aggregate liquidation amount with respect to the
assets of the Trust of ten thousand dollars ($10,000), and a liquidation amount with respect to the assets of the Trust of $1,000.00 per common security, are hereby designated for the purposes of identification only as “Common Securities”
(the “Common Securities”). The Common Security Certificates evidencing the Common Securities shall be substantially in the form of Exhibit A-2 to the Declaration of Trust, with such changes and additions thereto or deletions therefrom as
may be required by ordinary usage, custom or practice. 
 2. Distributions. 
 (a) Distributions payable on each Security will be fixed at a rate per annum of 8.875% (the “Coupon Rate”) of the stated
liquidation amount of $1,000.00 per Security, such rate being the rate of interest payable on the Junior Subordinated Debt Securities to be held by the Institutional Trustee. Distributions in arrears beyond the first date such Distributions are
payable (or would be payable, if not for any Extended Interest Payment Period (as defined below) or default by the Junior Subordinated Debt Securities Issuer on the Junior Subordinated Debt Securities) will bear interest thereon compounded
semi-annually at the Coupon Rate (to the extent permitted by applicable law). The term “Distributions” as used herein includes such cash distributions and any such interest payable unless otherwise stated. A Distribution is payable only to
the extent that payments are made in respect of the Junior Subordinated Debt Securities held by the Institutional Trustee and to the extent the Institutional Trustee has funds available

  

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therefor. The amount of Distributions payable for any period will be computed for any full semi-annual Distribution period on the basis of a 360-day year of twelve 30-day months, and for any
period shorter than a full semi-annual Distribution period for which Distributions are computed, Distributions will be computed on the basis of a 30-day month and, for periods less than a month, the actual number of days elapsed per 30-day month.

 (b) Distributions on the Securities will be cumulative, will accrue from and including November 13,
2009, and will be payable semi-annually in arrears, on May 15 and November 15 of each year, commencing on May 15, 2010. When, as and if available for payment, Distributions will be made by the Paying Agent, except as otherwise
described below. The Junior Subordinated Debt Securities Issuer has the right under the Indenture to defer payments of interest on the Junior Subordinated Debt Securities from time to time for a period not exceeding 10 consecutive semi-annual
periods (each an “Extended Interest Payment Period”), during which Extended Interest Payment Period no interest shall be due and payable on the Junior Subordinated Debt Securities, provided, that no Extended Interest Payment Period may
extend beyond the date of maturity of the Junior Subordinated Debt Securities. As a consequence of the Junior Subordinated Debt Securities Issuer’s election to defer payment of interest on the Junior Subordinated Debt Securities, semi-annual Distributions will
also be deferred. Despite such deferral, semi-annual Distributions will continue to accrue with interest thereon (to the extent permitted by applicable law) at the Coupon Rate compounded semi-annually during any such Extended Interest Payment
Period. In the event that the Junior Subordinated Debt Securities Issuer exercises its right to defer payment of interest on the Junior Subordinated Debt Securities, then the Junior Subordinated Debt Securities Issuer and its Subsidiaries shall not
(a) declare or pay any dividend on, make any distributions with respect to, or redeem, purchase, acquire or make a liquidation payment with respect to, any of its capital stock or the capital stock of its Subsidiaries, (b) make any payment
of interest on or principal of (or premium, if any, on), or repay, repurchase or redeem, any debt securities issued by the Junior Subordinated Debt Securities Issuer (including other junior subordinated debt securities or other junior subordinated
debt) that rank pari passu with or junior in interest to the Junior Subordinated Debt Securities, or (c) make any guarantee payments on any guarantee by the Junior Subordinated Debt Securities Issuer of the debt securities of any of its
Subsidiaries (including under other guarantees of junior subordinated debt securities or other junior subordinated debt) if such guarantee ranks pari passu with or junior in interest to the Junior Subordinated Debt Securities (other than
(i) dividends or distributions in capital stock of the Junior Subordinated Debt Securities Issuer, (ii) payments under the guarantee with respect to the Trust Preferred Securities, (iii) any declaration or payment of a dividend in
connection with the implementation of a shareholders’ rights plan, or the issuance of stock under any such plan or the redemption or repurchase of any such rights pursuant thereto, (iv) repurchases, redemptions or other acquisitions of
shares of capital stock of the Junior Subordinated Debt Securities Issuer in connection with any employment contract, benefit plan or other similar arrangement with or for the benefit of employees, officers, directors or consultants, and
(v) solely in the case of a Subsidiary of the Junior Subordinated Debt Securities Issuer, any declaration of dividends or distributions on the capital stock of such Subsidiary to the Junior Subordinated Debt Securities Issuer or one of its
Affiliates). Prior to the termination of any such Extended Interest Payment Period, the Junior Subordinated Debt Securities Issuer may further extend such Extended Interest Payment Period; provided, that such Extended Interest Payment Period,
together with all such previous and further extensions thereof, may not exceed 10 consecutive semi-annual periods; provided further, that no Extended Interest

  

 I-2 

 
Payment Period may extend beyond the maturity of the Junior Subordinated Debt Securities. Payments of deferred Distributions and accrued interest thereon will be payable to Holders as they appear
on the books and records of the Trust on the first record date after the end of the Extended Interest Payment Period. Upon the termination of any Extended Interest Payment Period and the payment of all amounts then due, the Junior Subordinated Debt
Securities Issuer may commence a new Extended Interest Payment Period, subject to the above requirements. The Administrative Trustees or, if the Institutional Trustee is the sole holder of the Junior Subordinated Debt Securities, the Institutional
Trustee, will give notice to each Holder of any Extended Interest Payment Period within five days of their receipt of notice thereof from the Junior Subordinated Debt Securities Issuer. 
 (c) Distributions on the Securities will be payable to the Holders thereof as they appear on the books and records of the Trust at the close
of business on the relevant record dates. While the Trust Preferred Securities remain in book-entry only form, the relevant record dates shall be one Business Day prior to the relevant payment dates which payment dates shall correspond to the
interest payment dates on the Junior Subordinated Debt Securities. Subject to any applicable laws and regulations and the provisions of the Declaration of Trust, each such payment in respect of the Trust Preferred Securities will be made as
described under the heading “Summary of Terms of Trust Preferred Securities—Distributions” in the Prospectus Supplement dated November 9, 2009 to the Prospectus dated May 8, 2009 (the “Prospectus”), of the Trust
included in the Registration Statement on Form S-3 of the Sponsor, the Trust and certain other statutory trusts. The relevant record dates for the Common Securities shall be the same record date as for the Trust Preferred Securities. If the Trust
Preferred Securities shall not continue to remain in book-entry only form, the relevant record dates for the Trust Preferred Securities shall be the first days of the months in which the relevant payment dates occur, which payment dates shall
correspond to the interest payment dates on the Junior Subordinated Debt Securities. Distributions payable on any Securities that are not punctually paid on any Distribution payment date, as a result of the Junior Subordinated Debt Securities Issuer
having failed to make a payment under the Junior Subordinated Debt Securities, will cease to be payable to the Person in whose name such Securities are registered on the relevant record date, and such defaulted Distribution will instead be payable
to the Person in whose name such Securities are registered on the special record date or other specified date determined in accordance with the Indenture. If any date on which Distributions are payable on the Securities is not a Business Day, then
payment of the Distribution payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay and no interest or other payment will accrue as a result of such
delay). However, if any delay of a Distribution payment would cause such Business Day is in the next succeeding calendar month, the payment of the Distribution shall be made on the immediately preceding Business Day, in each case with the same force
and effect as if made on such date. 
 (d) 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. 
  

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 3. Liquidation Distribution Upon Dissolution. 
 (a) In the event of any voluntary or involuntary dissolution of the Trust, the Holders of the Securities on the date of the dissolution will
be entitled to receive out of the assets of the Trust available for distribution to Holders of Securities after satisfaction of liabilities of creditors, distributions in an amount equal to the aggregate of the stated liquidation amount of $1,000.00
per Security plus accrued and unpaid Distributions thereon to the date of payment (such amount being the “Liquidation Distribution”), unless (i) such dissolution was in accordance with Section 8.1(a)(iv) of the Declaration of
Trust, or (ii) in connection with such dissolution, as determined by the Sponsor, Junior Subordinated Debt Securities in an aggregate principal amount equal to the aggregate stated liquidation amount of, with an interest rate equal to the
Coupon Rate, and bearing accrued and unpaid interest in an amount equal to the accrued and unpaid Distributions on, such Securities outstanding at such time, have been distributed on a Pro Rata basis to the Holders of the Securities in exchange for
such Securities. Prior to any such Liquidation Distribution, the Junior Subordinated Debt Securities Issuer will obtain any required regulatory approval. 
 (b) If, upon any such dissolution, 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 on a Pro Rata basis. 
 (c) On and from the date fixed by
the Administrative Trustees for any distribution of the Junior Subordinated Debt Securities upon the dissolution of the Trust: (i) the Securities will no longer be deemed to be outstanding, (ii) DTC or its nominee (or any successor
Clearing Agency or its nominee), as the record Holder of the Trust Preferred Securities, will receive a registered global certificate or certificates representing the Junior Subordinated Debt Securities to be delivered upon such distribution and
(iii) any certificates representing Securities, except for certificates representing Trust Preferred Securities held by DTC or its nominee (or any successor Clearing Agency or its nominee), will be deemed to represent beneficial interests in
the Junior Subordinated Debt Securities having an aggregate principal amount equal to the aggregate stated liquidation amount of, with an interest rate identical to the Coupon Rate of, and accrued and unpaid interest equal to accrued and unpaid
Distributions on such Securities until such certificates are presented to the Junior Subordinated Debt Securities Issuer or its agent for transfer or reissue. 
 (d) If the Junior Subordinated Debt Securities are distributed to the Holders of the Securities, pursuant to the terms of the Indenture, the Junior Subordinated Debt Securities Issuer will use its best
efforts to cause the Junior Subordinated Debt Securities to be listed on the New York Stock Exchange or on such other exchange, if any, as the Trust Preferred Securities were listed immediately prior to the distribution of the Junior Subordinated
Debt Securities. 
 4. Redemption and Distribution. 
 (a) Upon the repayment of the Junior Subordinated Debt Securities, whether at maturity or upon redemption (either (i) in whole or in
part at any time after November 15, 2014 at the option of the Junior Subordinated Debt Securities Issuer or (ii) in whole but not in part at

  

 I-4 

 
any time pursuant to a Tax Event or a Capital Treatment Event as described below), the proceeds from such repayment or payment shall be simultaneously applied to redeem Securities having an
aggregate liquidation amount equal to the aggregate principal amount of the Junior Subordinated Debt Securities so repaid or redeemed at a redemption price of, (x) in the case of a redemption pursuant to clause (i), the price calculated as
described in Section 4(c) (the “Make-Whole Redemption Price”); and (y) in the case of redemption pursuant to clause (ii), the principal amount of the Junior Subordinated Debt Securities so repaid or redeemed plus an amount equal
to accrued and unpaid Distributions to the date of the redemption, in each case payable in cash (the “Mandatory Redemption Price” and, together with the Make-Whole Redemption Price, the “Redemption Prices” and each a
“Redemption Price”). Holders shall be given not less than 30 or more than 60 days’ notice of such redemption. Prior to any such redemption, the Junior Subordinated Debt Securities Issuer will obtain any required regulatory approval.

 (b) If fewer than all the outstanding Securities are to be so redeemed, the Securities will be redeemed Pro Rata and the
Trust Preferred Securities to be redeemed will be as described in Section 4(f)(ii) below. 
 (c) Subject to obtaining any
required regulatory approval, the Junior Subordinated Debt Securities Issuer shall have the right after November 15, 2014 to redeem the Junior Subordinated Debt Securities, in whole or in part, for cash in the amount equal to the greater of
(x) 100% of the principal amount of the Junior Subordinated Debt Securities so repaid or redeemed and (y) the present value of scheduled payments of principal and interest from the date of redemption to May 15, 2040, on the Junior
Subordinated Debt Securities so repaid or redeemed, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Rate plus a spread of 0.75%, in each
case, plus accrued and unpaid interest to the redemption date. 
 For purposes of the above: 
 “Treasury Rate” means the semi-annual equivalent yield to maturity of the Treasury Security that corresponds to the Treasury Price
(calculated in accordance with standard market practice and computed as of the second trading day preceding the date of the redemption); 
 “Treasury Security” means the United States Treasury security that the Treasury Dealer determines would be appropriate to use, at the time of determination and in accordance with standard market
practice, in pricing the Junior Subordinated Debt Securities being redeemed in a tender offer based on a spread to United States Treasury yields; 
 “Treasury Price” means the bid-side price for the Treasury Security as of the third trading day preceding the redemption date, as set forth in the daily statistical release (or any successor
release) published by the Federal Reserve Bank of New York on that trading day and designated “Composite 3:30 p.m. Quotations for U.S. Government Securities,” except that: (1) if that release (or any successor release) is not
published or does not contain that price information on that trading day; or (2) if the Treasury Dealer determines that the price information is not reasonably reflective of the actual bid-side price of the Treasury Security prevailing at 3:30
p.m., New York City time, on that trading day, then the Treasury Price will instead mean the bid-side price for the Treasury Security at or around 3:30 p.m., New York City time, on that trading day (expressed on

  

 I-5 

 
a next trading day settlement basis) as determined by the Treasury Dealer through such alternative means as the Treasury Dealer considers to be appropriate under the circumstances; and

 “Treasury Dealer” means Barclays Capital Inc. (or its successor) or, if Barclays Capital Inc. (or its successor)
refuses to act as Treasury Dealer for this purpose or ceases to be a primary U.S. Government securities dealer, another nationally recognized investment banking firm that is a primary U.S. Government securities dealer specified by the Junior
Subordinated Debt Securities Issuer for these purposes. 
 (d) Subject to obtaining any required regulatory approval, the Junior
Subordinated Debt Securities Issuer shall have the right to redeem the Junior Subordinated Debt Securities, in whole or in part, for cash if, at any time, a Tax Event or a Capital Treatment Event (each as defined below) shall occur and be
continuing, upon not less than 30 nor more than 60 days’ notice, within 90 days following the occurrence of such Tax Event or Capital Treatment Event, and, following such redemption, Securities with an aggregate liquidation amount equal to the
aggregate principal amount of the Junior Subordinated Debt Securities so redeemed shall be redeemed by the Trust at the Mandatory Redemption Price on a Pro Rata basis; provided, however, that if at the time there is available to the Junior
Subordinated Debt Securities Issuer or the Trust the opportunity to eliminate, within such 90-day period, the Tax Event or Capital Treatment Event by taking some ministerial action, such as filing a form or making an election or pursuing some other
similar reasonable measure that will have no adverse effect on the Trust, the Junior Subordinated Debt Securities Issuer or the Holders of the Securities, then the Junior Subordinated Debt Securities Issuer or the Trust will pursue such measure in
lieu of redemption. 
 “Tax Event” means the receipt by the Junior Subordinated Debt Securities Issuer or 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 prospective proposed change announced after the original issuance of the Trust Preferred Securities) in the laws or any
regulations thereunder of the United States or any political subdivision or taxing authority thereof or therein, or any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or
applying the laws enumerated in the preceding clause, 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 Junior Subordinated Debt Securities; (ii) interest payable by the Junior Subordinated Debt Securities Issuer on the Junior Subordinated Debt Securities is not, or within 90 days of the date of such opinion, will not
be, deductible by the Junior Subordinated Debt Securities 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 more than a de
minimis amount of other taxes (including withholding taxes), duties, assessments or other governmental charges. 
 “Capital
Treatment Event” means the reasonable determination by the Junior Subordinated Debt Securities Issuer that, as a result of any amendment to, or change (including any prospective proposed change announced after the original issuance of the Trust
Preferred Securities) in, the laws, rules or regulations of the United States or any political subdivision thereof or therein, or as the result of any official administrative decision or judicial decision or administrative action or other official
pronouncement interpreting or applying such laws, rules or 
  

 I-6 

 
regulations, which amendment or change is enacted or becomes effective or which decision, action or pronouncement is announced after the date of original issuance of the Trust Preferred
Securities, there is more than an insubstantial risk of impairment of the Junior Subordinated Debt Securities Issuer’s ability to treat the Trust Preferred Securities as “Tier 1 Capital” (or the then equivalent thereof) for purposes
of the capital adequacy guidelines of the Federal Reserve Board (or any successor regulatory authority with jurisdiction over bank holding companies), as then in effect and applicable to the Junior Subordinated Debt Securities Issuer; provided,
however, that the distribution of the Junior Subordinated Debt Securities in connection with the Liquidation of the Trust by the Junior Subordinated Debt Securities Issuer shall not in and of itself constitute a Capital Treatment Event unless such
Liquidation shall have occurred in connection with a Tax Event. 
 (e) The Trust may not redeem fewer than all the outstanding
Securities unless all accrued and unpaid Distributions have been paid on all Securities for all semi-annual Distribution periods terminating on or before the date of redemption. 
 (f) Redemption or Distribution procedures will be as follows: 
 (i) Notice of any redemption of, or notice of distribution of Junior Subordinated Debt Securities in exchange for the
Securities (a “Redemption/Distribution Notice”) will be given by the Trust by mail to each Holder of the Securities to be redeemed or exchanged not fewer than 30 nor more than 60 days before the date fixed for redemption or exchange
thereof which, in the case of a redemption, will be the date fixed for redemption of the Junior Subordinated Debt Securities. 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(f)(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 the Holders of the Securities. Each Redemption/Distribution Notice shall be
addressed to the Holders of the Securities at the address of each such Holder appearing in the books and records of the Trust. No defect in the Redemption/Distribution Notice or in the mailing of either 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 Securities are to be redeemed, the Trust Preferred Securities to be redeemed shall be redeemed Pro Rata from each Holder of Trust Preferred Securities, it being understood that, in respect of Trust Preferred
Securities registered in the name of and held of record by DTC or its nominee (or any successor Clearing Agency or its nominee), the distribution of the proceeds of such redemption will be made to each Clearing Agency Participant (or Person on whose
behalf such nominee holds such securities) in accordance with the procedures applied by such agency or nominee. 
 (iii) If Securities are to be redeemed and the Trust gives a Redemption/Distribution Notice, which notice may only be issued if the Junior Subordinated Debt Securities are redeemed as set out in this Section 4 (which notice will be
irrevocable), then (A) while the Trust Preferred Securities are in book-entry only form, with respect to the Trust Preferred Securities, by 12:00 noon, New York City time, on the

  

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redemption date, provided, that the Junior Subordinated Debt Securities Issuer has paid to the Institutional Trustee a sufficient amount of cash in connection with the related redemption or
maturity of the Junior Subordinated Debt Securities, the Institutional Trustee will deposit irrevocably with DTC or its nominee (or successor Clearing Agency or its nominee) funds sufficient to pay the applicable Redemption Price with respect to the
Trust Preferred Securities and will give DTC (or any successor Clearing Agency) irrevocable instructions and authority to pay such Redemption Price to the Holders of the Trust Preferred Securities, and (B) with respect to Trust Preferred
Securities issued in definitive form and Common Securities, provided, that the Junior Subordinated Debt Securities Issuer has paid the Institutional Trustee a sufficient amount of cash in connection with the related redemption or maturity of the
Junior Subordinated Debt Securities, the Paying Agent will pay the applicable Redemption Price to the Holders of such Securities, upon surrender thereof, by check mailed to the address of the relevant Holder appearing on the books and records of the
Trust on the redemption date. If a Redemption/Distribution Notice shall have been given and funds deposited as required, if applicable, then immediately prior to the close of business on the date of such deposit, or on the redemption date, as
applicable, distributions will cease to accrue on the Securities so called for redemption and all rights of the Holders of such Securities so called for redemption will cease, except the right of the Holders of such Securities to receive the
applicable Redemption Price, but without interest on such Redemption Price. Neither the Administrative Trustees nor the Trust shall be required to register or cause to be registered the transfer of any Securities that have been so called for
redemption. The record date for any payment under this Section 4 shall be determined as set forth in Section 2(d). If any date fixed for redemption of Securities is not a Business Day, then payment of the applicable Redemption Price
payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay and no interest or other payment will accrue as a result of the delay). However, if any delay
of any Redemption Price payment date would cause such Business Day to fall in the next calendar month, the payment of the Redemption Price will be made on the immediately preceding Business Day, in each case with the same force and effect as if made
on such date fixed for redemption. If payment of the applicable Redemption Price in respect of any Securities is improperly withheld or refused and not paid by the Paying Agent or by the Sponsor as guarantor pursuant to the Trust Preferred
Securities Guarantee, Distributions on such Securities will continue to accrue from the original redemption date to the actual date of payment, in which case the actual payment date will be considered the date fixed for redemption for purposes of
calculating such Redemption Price. 
 (iv) Redemption/Distribution Notices shall be sent by the Administrative
Trustees on behalf of the Trust to (A) in respect of the Trust Preferred Securities, DTC or its nominee (or any successor Clearing Agency or its nominee) if the Global Certificates have been issued or, if Definitive Trust Preferred Security
Certificates have been issued, to the Holder 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), the Junior Subordinated Debt Securities Issuer or

  

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its affiliates may at any time and from time to time purchase outstanding Trust Preferred Securities by tender, in the open market or by private agreement. 
 5. Voting Rights - Trust Preferred Securities. 
 (a) Except as provided under Sections 5(b) and 7 and as otherwise required by law and the Declaration of Trust, the Holders of the Trust Preferred Securities will have no voting rights. 
 (b) Subject to the requirements set forth in this paragraph, the Holders of a Majority in liquidation amount of the Trust Preferred
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 direct the exercise of any trust or power conferred upon the Institutional
Trustee under the Declaration of Trust, including the right to direct the Institutional Trustee, as holder of the Junior Subordinated Debt Securities, to (i) direct the time, method and place of conducting any proceeding for any remedy
available to the Indenture Trustee, or exercise any trust or power conferred on the Indenture Trustee with respect to the Junior Subordinated Debt Securities, (ii) waive any past Indenture Event of Default that is waivable under
Section 5.6 of the Indenture, (iii) exercise any right to rescind or annul a declaration that the principal of all the Junior Subordinated Debt Securities shall be due and payable or (iv) consent to any amendment, modification or
termination of the Indenture or the Junior Subordinated Debt Securities where such consent shall be required; provided, however, that, where a consent or action under the Indenture would require the consent or act of each holder of each Junior
Subordinated Debt Security affected thereby, such consent or action under the Indenture shall not be effective until each Holder of Trust Preferred Securities shall have consented to such action or provided such consent. The Institutional Trustee
shall not revoke any action previously authorized or approved by a vote of the Holders of the Trust Preferred Securities. Except with respect to directing the time, method and place of conducting a proceeding for a remedy available to the
Institutional Trustee, the Institutional Trustee, as holder of the Junior Subordinated Debt Securities, shall not take any of the actions described in clauses (i), (ii), (iii) or (iv) above unless the Institutional Trustee has obtained an
opinion of a nationally recognized independent tax counsel experienced in such matters to the effect that as a result of such action, the Trust will not fail to be classified as a grantor trust for United States federal income tax purposes. If the
Institutional Trustee fails to enforce its rights under the Junior Subordinated Debt Securities, to the fullest extent permitted by law, any Holder of Trust Preferred Securities may directly institute a legal proceeding against the Junior
Subordinated Debt Securities Issuer to enforce the Institutional Trustee’s rights under the Junior Subordinated Debt Securities without first instituting a legal proceeding against the Institutional Trustee or any other Person or entity. If a
Declaration Default has occurred and is continuing and such event is attributable to the failure of the Junior Subordinated Debt Securities Issuer to pay interest or principal on the Junior Subordinated Debt Securities on the date such interest or
principal is otherwise payable (or in the case of redemption, on the redemption date), then a holder of Trust Preferred Securities may also directly institute a proceeding for enforcement of payment to such holder (a “Direct Action”) of
the principal of or interest on the Junior Subordinated Debt Securities having a principal amount equal to the aggregate liquidation amount of the Trust Preferred Securities of such holder on or after the respective due date specified in the Junior
Subordinated Debt Securities without first (i) directing the Institutional Trustee to enforce the terms of the Junior Subordinated Debt Securities or (ii) instituting a legal

  

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proceeding directly against the Junior Subordinated Debt Securities Issuer to enforce the Institutional Trustee’s rights under the Junior Subordinated Debt Securities; provided, however,
that if a Declaration Default results from the failure to pay interest on the Junior Subordinated Debt Securities during any Non-Acceleration Period, then a holder of Trust Preferred Securities may not institute a Direct Action for the payment of
principal on the Junior Subordinated Debt Securities, and the Institutional Trustee may not take any Legal Action for the payment of principal on the Junior Subordinated Debt Securities, during such Non-Acceleration Period. Except as provided in the
preceding sentence, the Holders of Trust Preferred Securities will not be able to exercise directly any other remedy available to the holders of the Junior Subordinated Debt Securities. In connection with such Direct Action, the Junior Subordinated
Debt Securities Issuer will be subrogated to the rights of such Holder of Trust Preferred Securities under the Declaration of Trust to the extent of any payment made by the Junior Subordinated Debt Securities Issuer to such holder of Trust Preferred
Securities in such Direct Action. 
 Any required approval or direction of Holders of Trust Preferred Securities may be given at
a separate meeting of Holders of Trust Preferred Securities convened for such purpose, at a meeting of all of the Holders of Securities or pursuant to written consent. The Administrative Trustees will cause a notice of any meeting at which Holders
of Trust Preferred Securities are entitled to vote to be mailed to each Holder of record of Trust Preferred Securities. Each such notice will include a statement setting forth (i) the date and time of such meeting, (ii) a description of
any resolution proposed for adoption at such meeting on which such Holders are entitled to vote and (iii) instructions for the delivery of proxies. 
 No vote or consent of the Holders of the Trust Preferred Securities will be required for the Trust to redeem and cancel Trust Preferred Securities or to distribute the Junior Subordinated Debt Securities
in accordance with this Declaration of Trust and the terms of the Securities. 
 Notwithstanding that Holders of Trust Preferred
Securities are entitled to vote or consent under any of the circumstances described above, any of the Trust Preferred Securities that are owned by the Sponsor or any Affiliate of the Sponsor shall not be entitled to vote or consent and shall, for
purposes of such vote or consent, be treated as if they were not outstanding. 
 6. Voting Rights - Common Securities.

 (a) Except as provided under Sections 6(b), (c) and 7 as otherwise required by law and the Declaration of Trust, the
Holders of the Common Securities will have no voting rights. 
 (b) The Holders of the Common Securities are entitled, in
accordance with and subject to Article V of the Declaration of Trust, to vote to appoint, remove or replace any Trustee or to increase or decrease the number of Trustees. 
 (c) Subject to Section 2.6 of the Declaration of Trust and only after the Declaration Default with respect to the Trust Preferred Securities has been cured, waived, or otherwise eliminated and
subject to the requirements of the second to last sentence of this paragraph, the Holders of a Majority in liquidation amount 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 direct the exercise of any trust or power conferred upon

  

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the Institutional Trustee under the Declaration of Trust, including (i) directing the time, method, place of conducting any proceeding for any remedy available to the Indenture Trustee, or
exercising any trust or power conferred on the Indenture Trustee with respect to the Junior Subordinated Debt Securities, (ii) waiving any past Indenture Event of Default that is waivable under Section 5.6 of the Indenture, or
(iii) exercising any right to rescind or annul a declaration that the principal of all the Junior Subordinated Debt Securities shall be due and payable, provided that, where a consent or action under the Indenture would require the consent or
act of the Holders of greater than a majority in principal amount of Junior Subordinated Debt Securities affected thereby (a “Super Majority”), the Institutional Trustee may only give such consent or take such action at the written
direction of the Holders of at least the proportion in liquidation amount of the Common Securities which the relevant Super Majority represents of the aggregate principal amount of the Junior Subordinated Debt Securities outstanding. Pursuant to
this Section 6(c), the Institutional Trustee shall not revoke any action previously authorized or approved by a vote of the Holders of the Trust Preferred Securities. Except with respect to directing the time, method and place of conducting any
proceeding for any remedy available to the Institutional Trustee or the Junior Subordinate Debt Securities Issuer as set forth above, the Institutional Trustee shall not take any action in accordance with the directions of the Holders of the Common
Securities under this paragraph 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 fail to be classified as a grantor trust for United States federal income tax
purposes. If the Institutional Trustee fails to enforce its rights under the Declaration of Trust, any Holder of Common Securities may institute a legal proceeding directly against any Person to enforce the Institutional Trustee’s rights under
the Declaration of Trust, without first instituting a legal proceeding against the Institutional Trustee or any other Person. 
 Any approval or direction of Holders of Common Securities may be given at a separate meeting of Holders of Common Securities convened for such purpose, at a meeting of all of the Holders of Securities or pursuant to written consent. The
Administrative Trustees will cause a notice of any meeting at which Holders of Common Securities are entitled to vote to be mailed to each Holder of record of Common Securities. Each such notice will include a statement setting forth (i) the
date and time of such meeting, (ii) a description of any resolution proposed for adoption at such meeting on which such Holders are entitled to vote and (iii) instructions for the delivery of proxies. 
 No vote or consent of the Holders of the Common Securities will be required for the Trust to redeem and cancel Common Securities or to
distribute the Junior Subordinated Debt Securities in accordance with the Declaration of Trust and the terms of the Securities. 
 7. Amendments to Declaration of Trust and Indenture. 
 (a) In addition to any requirements under
Section 12.1 of the Declaration of Trust, if any proposed amendment to the Declaration of Trust provides for, or the Administrative 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 the Declaration of Trust or otherwise, or (ii) the dissolution, winding-up or termination of the Trust, other than as described in Section 8.1 of the Declaration of Trust,
then the Holders of outstanding Securities voting together as a single class, will be entitled to vote on such amendment or proposal (but not on any

  

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other amendment or proposal) and such amendment or proposal shall not be effective except with the approval of the Holders of at least a Majority in liquidation amount of the Securities, voting
together as a single class; provided, however, if any amendment or proposal referred to in clause (i) above would adversely affect only the Trust Preferred Securities or only the Common Securities, then only the Holders of the affected 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 Holders of a Majority in liquidation amount of such class of Securities. 
 (b) In the event the consent of the Institutional Trustee as the holder of the Junior Subordinated Debt Securities is required under the
Indenture with respect to any amendment, modification or termination on the Indenture or the Junior Subordinated Debt Securities, 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 the consent of the holders of greater than a majority in aggregate principal amount of the Junior Subordinated Debt Securities (a “Super Majority”), the Institutional Trustee may only give such
consent at the direction of the Holders of at least the proportion in liquidation amount of the Securities which the relevant Super Majority represents of the aggregate principal amount of the Junior Subordinated Debt Securities outstanding;
provided, further, that the Institutional Trustee shall not take any action in accordance with the directions of the Holders of the Securities under this Section 7(b) 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. 
 (c) Notwithstanding the foregoing, no amendment or modification may be made to the Declaration of Trust 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 in contravention of the Trust Indenture Act or (iii) cause the Trust to be deemed an
“investment company” which is required to be registered under the Investment Company Act. 
 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 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, a
Declaration 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 Trust Preferred Securities pro rata according to the aggregate liquidation amount of Trust Preferred
Securities held by the relevant Holder relative to the aggregate liquidation amount of all Trust Preferred Securities outstanding, and only after satisfaction of all amounts owed to the Holders of the Trust Preferred Securities, to each Holder of
Common Securities pro rata according to the aggregate liquidation amount of Common Securities held by the relevant Holder relative to the aggregate liquidation amount of all Common Securities outstanding. 
  

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 9. Ranking. 
 The Trust Preferred Securities rank pari passu and payment thereon shall be made Pro Rata with the Common Securities except that, where an
Indenture Event of Default occurs and is continuing under the Indenture in respect of the Junior Subordinated Debt Securities held by the Institutional Trustee, the rights of Holders of the Common 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 Trust Preferred Securities. 
 10. Acceptance of Trust Preferred Securities Guarantee and Indenture. 
 Each Holder of Trust Preferred Securities and Common Securities, by the acceptance thereof, agrees to the provisions of the Trust Preferred Securities Guarantee, including the subordination provisions therein and to the provisions of the
Indenture. 
 11. No Preemptive Rights. 
 The Holders of the Securities shall have no preemptive or similar rights to subscribe for any additional securities. 
 12. Miscellaneous. 
 These terms constitute a part of the Declaration of
Trust. 
 The Sponsor will provide a copy of the Declaration of Trust or the Trust Preferred Securities Guarantee, and the
Indenture to a Holder without charge on written request to the Sponsor at its principal place of business. 
  

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 EXHIBIT A-1 
 FORM OF TRUST PREFERRED SECURITY CERTIFICATE 
 THIS TRUST PREFERRED
SECURITY IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE DECLARATION HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (THE “DEPOSITARY”) OR A NOMINEE OF THE DEPOSITARY. THIS TRUST PREFERRED SECURITY
IS EXCHANGEABLE FOR TRUST PREFERRED SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE DECLARATION AND NO TRANSFER OF THIS TRUST PREFERRED SECURITY (OTHER THAN A
TRANSFER OF THIS TRUST PREFERRED SECURITY AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES.

 UNLESS THIS TRUST PREFERRED SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (55 WATER STREET, NEW YORK, NEW YORK) TO
THE TRUST OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY TRUST PREFERRED SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY AND
ANY PAYMENT HEREON IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

 A1-1 

			
	Certificate Number	  	Number of Trust Preferred Securities

 CUSIP NO. 14043DAB7 
 Certificate Evidencing Trust Preferred Securities 
 of

 CAPITAL ONE CAPITAL VI 
 8.875% Cumulative Trust Preferred Securities 
 (Liquidation Amount $1,000 per Trust
Preferred Security) 
 CAPITAL ONE CAPITAL VI, a statutory trust formed under the laws of the State of Delaware (the
“Trust”), hereby certifies that              (the “Holder”) is the registered owner of
             ( ) trust preferred securities of the Trust representing undivided beneficial interests in the assets of the Trust designated the 8.875% Cumulative Trust Preferred
Securities (the “Trust Preferred Securities”). The Trust Preferred Securities are transferable on the books and records of the Trust, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in
proper form for transfer. The designation, rights, privileges, restrictions, preferences and other terms and provisions of the Trust Preferred Securities are set forth in, and this certificate and the Trust Preferred Securities represented hereby
are issued and shall in all respects be subject to, the provisions of the Amended and Restated Declaration of Trust of the Trust dated as of November 13, 2009, as the same may be amended from time to time (the “Declaration of Trust”),
including the designation of the terms of the Trust Preferred Securities as set forth in Annex I thereto. Capitalized terms used herein but not defined shall have the meaning given them in the Declaration of Trust. The Holder is entitled to the
benefits of the Trust Preferred Securities Guarantee to the extent provided therein. The Sponsor will provide a copy of the Declaration of Trust, the Trust Preferred Securities Guarantee and the Indenture to a Holder without charge upon written
request to the Sponsor at its principal place of business. 
 The Holder of this certificate, by accepting this certificate, is
deemed to have (i) agreed to the terms of the Indenture and the Junior Subordinated Debt Securities, including that the Junior Subordinated Debt Securities are subordinate and junior in right of payment to all Senior Indebtedness (as defined in
the Indenture) and (ii) agreed to the terms of the Trust Preferred Securities Guarantee, including that the Trust Preferred Securities Guarantee is subordinate and junior in right of payment to all Senior Indebtedness in the same manner and to
the same extent as the Junior Subordinated Debt Securities. 
 Upon receipt of this certificate, the Holder is bound by the
Declaration of Trust and is entitled to the benefits thereunder. 
 By acceptance, the Holder agrees to treat, for United States
federal income tax purposes, the Junior Subordinated Debt Securities as indebtedness and the Trust Preferred Securities as evidence of indirect beneficial ownership in the Junior Subordinated Debt Securities. 
 This Certificate shall be governed by the laws of the State of Delaware. 
  

 A1-2 

 IN WITNESS WHEREOF, the Trust has executed this certificate this
         day of November, 2009. 
  

	
	  

	 Name:

	 Title: Administrative Trustee

  

 A1-3 

 CERTIFICATE OF AUTHENTICATION 
 This certificate represents the Trust Preferred Securities referred to in the within-mentioned Declaration of Trust. 
 Dated: November     , 2009 
  

			
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
 as Institutional Trustee

		
	 By:
	 	  

		 	 Authorized Signatory

  

 A1-4 

 ASSIGNMENT 
 FOR VALUE RECEIVED, the undersigned assigns and transfers this Trust Preferred 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 this Trust Preferred 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 Trust Preferred Security Certificate) 
  

 A1-5 

 EXHIBIT A-2 
 FORM OF COMMON SECURITY CERTIFICATE 
 TRANSFER OF THIS CERTIFICATE IS
SUBJECT TO THE CONDITIONS SET FORTH IN THE DECLARATION REFERRED TO BELOW. 
  

 A2-1 

 Certificate
Number                                        
                                         
                                         
           Number of Common Securities 
 Certificate Evidencing Common
Securities 
 of 
 CAPITAL ONE CAPITAL VI 
 Common Securities 
 (Liquidation Amount $1,000 per Common Security) 
 CAPITAL ONE CAPITAL VI, a statutory trust formed under the laws of the State of Delaware (the “Trust”), hereby certifies that Capital One Financial Corporation, a Delaware corporation (the
“Holder”), is the registered owner of              (            ) common securities of the Trust
representing undivided beneficial interests in the assets of the Trust designated the Common Securities (the “Common Securities”). The Common 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 and satisfaction of the other conditions set forth in the Declaration of Trust (as defined below), including, without limitation, Section 9.1
thereof. The designation, rights, privileges, restrictions, preferences and other terms and provisions of the Common Securities represented hereby are issued and shall in all respects be subject to the provisions of the Amended and Restated
Declaration of Trust of the Trust dated as of November 13, 2009, as the same may be amended from time to time (the “Declaration of Trust”), including the designation of the terms of the Common Securities as set forth in Annex I
thereto. Capitalized terms used herein but not defined shall have the meaning given them in the Declaration of Trust. The Sponsor will provide a copy of the Declaration of Trust and the Indenture to a Holder without charge upon written request to
the Sponsor at its principal place of business. 
 Upon receipt of this certificate, the Holder is bound by the Declaration of
Trust and is entitled to the benefits thereunder. 
 The Holder of this certificate, by accepting this certificate, is deemed to
have agreed to the terms of the Indenture and the Junior Subordinated Debt Securities, including that the Junior Subordinated Debt Securities are subordinate and junior in right of payment to all Senior Indebtedness (as defined in the Indenture) as
and to the extent provided in the Indenture. 
 By acceptance, the Holder agrees to treat, for United States federal income tax
purposes, the Junior Subordinated Debt Securities as indebtedness and the Common Securities as evidence of indirect beneficial ownership in the Junior Subordinated Debt Securities. 
 This Certificate shall be governed by the laws of the State of Delaware. 
  

 A2-2 

 IN WITNESS WHEREOF, the Trust has executed this certificate this
         day of November, 2009. 
  

	
	  

	 Name:

	 Title: Administrative Trustee

  

 A2-3 

 CERTIFICATE OF AUTHENTICATION 
 This certificate represents the Common Securities referred to in the within-mentioned Declaration of Trust. 
 Dated: November     , 2009 
  

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
	as Institutional Trustee
		
	 By:
	 	  

		 	Authorized Signatory

  

 A2-4 

 ASSIGNMENT 
 FOR VALUE RECEIVED, the undersigned assigns and transfers 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 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) 
  

 A2-5 

 EXHIBIT B 
 SPECIMEN OF JUNIOR SUBORDINATED DEBT SECURITY 
  

 B-1 

 EXHIBIT C 
 UNDERWRITING AGREEMENT 
  

 C-1

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