Document:

exhibit10g2.htm

     

     

    EXHIBIT
10-G-2

     

    November
19, 2008

     

    Mr. James
T. Conners

    Vice
President, Controller

    Hartmarx
Corporation

    101 North
Wacker Drive

    Chicago,
Illinois 60606

     

    Dear
Jim:

     

    Hartmarx
Corporation ("Hartmarx")
has been authorized by its Board of Directors to take appropriate steps approved
by the Compensation and Stock Option Committee to induce your continued
attention to your assigned duties as an important Company executive in the event
of a potential Change in Control, although not now contemplated, of
Hartmarx.

     

    Accordingly,
if you agree to remain employed by Hartmarx and/or any subsidiary of Hartmarx
(collectively, the "Company")
until a Change in Control, Hartmarx agrees to pay you the severance benefit
described below ("Severance
Payment") in the event of the termination of your employment at any time
during the twenty-four (24) month period next following a Change in Control for
any reason other than (i) your death, disability or retirement;
(ii) by the Company for Cause (as hereinafter defined); or (iii) by
you for other than Good Reason (as hereinafter defined).

     

    The
initial term of this Agreement continues for one year, and shall be
automatically extended each day by one day to create a new one year term until
the Company delivers written notice to you or you deliver written notice to the
Company, in either case, to the effect that the term of this Agreement shall
expire on a date specified in the notice that is not less than twelve (12)
months after the date the notice is delivered to the Company or you,
respectively, provided, however, that if a Change in Control shall occur during
the initial or extended period, then this Agreement shall continue for a period
of twenty-four (24) months beyond the month in which such a Change in Control
shall be deemed to have occurred, and provided further that if an Imminent
Control Change Date (as defined below) occurs before the end of the term of this
Agreement, then the notice not to extend this Agreement shall be void and of no
further effect.  "Imminent
Control Change Date" means any date on which (i) the Board of Directors
of the Company adopts a resolution by vote of a majority of Directors at a
meeting at which a quorum is present to the effect that an Imminent Control
Change Date for purposes of this Agreement has occurred; (ii) the Company enters
into an agreement, the consummation of which would result in a Change in Control
of the Company; or (iii) such resolution or agreement remains effective and
unrevoked.  In the event that such resolution or agreement is revoked
or declared ineffective, the Imminent Control Change Date shall be deemed to no
longer to exist.  A "Change
in Control" shall be deemed to have occurred if:

    
      	 	
               

              (A)

            	
               

              any
      Person is or becomes the Beneficial Owner, directly or indirectly, of
      securities of the Company representing 25% or more of the combined voting
      power of the Company's then outstanding securities, excluding any Person
      who becomes such a Beneficial Owner in connection with a merger or
      consolidation which would result in the record holders of the voting
      securities of the Company outstanding immediately prior to such merger or
      consolidation continuing to represent (either by remaining outstanding or
      by being converted into voting securities of the surviving entity or any
      parent thereof) in substantially the same proportions as their ownership
      immediately prior to such merger or consolidation at least 75% of the
      combined voting power of the voting securities of the Company or such
      surviving entity or any parent thereof outstanding immediately after such
      merger or consolidation; provided that this exclusion shall only apply to
      the percentage obtained by merger or consolidation and shall cease to
      apply in the event additional securities are purchased in another
      transaction; or

            

    

     

    
      
         

      

      
         

        
          
 

      

      
         

      

    

     

    
      	 	
              (B)

               

            	
              during
      any period of two consecutive years (not including any period prior to the
      date of this Agreement), individuals who at the beginning of such period
      constitute the Board of Directors of the Company ("Board")
      (together with any new directors whose election by the Board or whose
      nomination for election by the shareholders of the Company was approved by
      a vote of at least 66b% of the directors of the Company then still in
      office who were either directors at the beginning of such period or whose
      election or nomination for election was previously so approved unless the
      initial assumption of office of such subsequently-elected or appointed
      director was in connection with (i) an actual or threatened election
      contest, including a consent solicitation, relating to the election or
      removal of one or more members of the Board, (ii) a "tender offer"
      (as such term is used in Section 14(d) of the Securities Exchange Act of
      1934), (iii) a proposed merger or consolidation of the Company, or
      (iv) a request, nomination or suggestion of any one or more
      Beneficial Owner of voting securities of the Company representing 20% or
      more of the aggregate voting power of the voting securities of the Company
      or the surviving corporation, as applicable)) cease for any reason to
      constitute at least 66b% of the Board then in office;
or

            
	 
      	 
      	 
      
	 
      	
              (C)

            	
              there
      is consummated a merger or consolidation of the Company (or any direct or
      indirect subsidiary of the Company) with any other corporation, other than
       a merger or consolidation which would result in the record holders
      of the voting securities of the Company outstanding immediately prior to
      such merger or consolidation continuing to represent (either by remaining
      outstanding or by being converted into voting securities of the surviving
      entity or any parent thereof) in substantially the same proportions as
      their ownership immediately prior to such merger or consolidation at least
      75% of the combined voting power of the voting securities of the Company
      or such surviving entity or any parent thereof outstanding immediately
      after such merger or consolidation; or

            
	 
      	 
      	 
      
	 
      	
              (D)

            	
              the
      stockholders of the Company approve a plan of complete liquidation or
      dissolution of the Company or there is consummated an agreement for the
      sale or disposition by the Company of all or substantially all of the
      Company's assets, other than a sale or disposition by the Company of all
      or substantially all of the Company's assets to an entity at least 75% of
      the combined voting power of the voting securities of which are owned by
      Persons in substantially the same proportions as their ownership of the
      Company immediately prior to such
sale.

            

    

     

    Notwithstanding
the foregoing, a Change in Control shall not be deemed to occur in the event of
a Management Change in Control.  A Management Change in Control shall
mean a Change in Control pursuant to which you (alone or with others) acquire or
retain, directly or indirectly, the power to direct or cause the direction of
the management and policies of the Company (whether through the ownership of
voting securities, by contract, or otherwise) and which is directly or
indirectly attributable to a public announcement by you (or others acting in
concert with you) of an intention to take actions which, if consummated, would
constitute such Management Change in Control.  In addition, no Change
in Control shall be deemed to have occurred if there is consummated any
transaction or series of integrated transactions immediately following which the
record holders of the combined voting power of the Company's outstanding
securities immediately prior to such transaction or series of transactions
continue to have substantially the same proportionate ownership in an entity
which owns all or substantially all of the assets of the Company immediately
following such transaction or series of transactions.

     

    "Person"
shall mean any person (as defined in Section 3(a)(9) of the Securities
Exchange Act (the "Exchange
Act"), as such term is modified in Sections 13(d) and 14(d) of the
Exchange Act) other than (i) any employee plan established by the Company,
(ii) the Company or any of its affiliates (as defined in Rule 12b-2
promulgated under the Exchange Act) prior to the transaction resulting in the
Change in Control, (iii) an underwriter temporarily holding securities pursuant
to an offering of such securities, or (iv) a corporation owned, directly or
indirectly, by stockholders of the Company in substantially the same proportions
as their ownership of the Company.

    
      
         

      

      
         

        
          
 

      

      
         

      

    

     

    "Beneficial
Owner" shall mean beneficial owner as defined in Rule 13d-3 under the
Exchange Act.

     

    The
Severance Payment will be equal to (i) 50% of your Annual Compensation plus
one-twelfth (1/12) of your Annual Compensation for each of your full or partial
years of employment by the Company at the time of your termination, up to twelve
years if you are under age 50, otherwise, up to eighteen years; plus
(ii) the excess of the value of all shares of Hartmarx common stock
issuable upon exercise of then outstanding stock options granted to you under
any Hartmarx stock option plan (whether or not then exercised or fully
exercisable), over the aggregate exercise price of such options.  All
such options shall be cancelled upon the making of said payment.  For
purposes of calculating your Severance Payment, the term "Annual
Compensation" means the average annual rate of compensation payable to
you by the Company for the three (3) calendar years immediately preceding the
calendar year in which a Change in Control occurs, including, without
limitation, all compensation income recognized as a result of your exercise of
Hartmarx stock options (or Stock Appreciation Rights) or the sale of the stock
so acquired, or earned by you but not paid for any reason other than your
agreement to postpone and defer such payment.  In the event that you
have not been employed by the Company for at least three (3) calendar years
immediately preceding the calendar year in which a Change in Control occurs,
"Annual Compensation" shall mean the average annual rate of compensation payable
to you by the Company for such period of time as you have been employed by the
Company immediately preceding the calendar year in which a Change in Control
occurs, including, without limitation, all compensation income recognized as a
result of your exercise of Hartmarx stock options (or Stock Appreciation Rights)
or the sale of the stock so acquired, or earned by you but not paid for any
reason other than your agreement to postpone and defer such
payment.

     

    In
addition, and with reference to Internal Revenue Code Section 409A, you and the
Company agree that:

     

    (a)           Notwithstanding
anything to the contrary set forth in clause (i) and clause (ii) in the
immediately preceding paragraph or elsewhere in this Agreement, your entitlement
to a series of installments payments, if any, shall be treated and shall be
deemed to be an entitlement to a series of separate payments within the meaning
of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code")
and the regulations thereunder.

     

    (b)           Any
Severance Payments paid within the later of (i) 2-1/2 months of the end of the
Company's taxable year in which your severance from employment occurred, or (ii)
2-1/2 months of the end of your taxable year in which your severance from
employment occurred shall be exempt from Section 409A and shall be paid in
accordance with this Agreement.  Severance Payments subject to this
paragraph (b) shall be treated and shall be deemed to be an entitlement to a
separate payment within the meaning of Section 409A of the Code and the
regulations thereunder.

     

    (c)           To
the extent Severance Payments are not exempt from Section 409A under paragraph
(b) above, any benefits paid in the first 6 months following your severance from
employment that are equal to or less than the lesser of the amounts described in
Treasury Regulation Section 1.409A-1(b)(9)(iii)(A)(1) and (2) shall be exempt
from Section 409A and shall be paid in accordance with this
Agreement.  Severance Payments subject to this paragraph (c) shall be
treated and shall be deemed to be an entitlement to a separate payment within
the meaning of Section 409A of the Code and the regulations
thereunder.

     

    (d)           To
the extent Severance Payments are not exempt from Section 409A under paragraphs
(b) or (c) above, any benefits paid equal to or less than the applicable dollar
amount under Section 402(g)(1)(B) of the Code for the year of severance from
employment shall be exempt from Section 409A in accordance with Treasury
Regulation Section 1.409A-1(b)(9)(v)(D) and shall be paid in accordance with
this Agreement.  Severance Payments subject to this paragraph (d)
shall be treated and shall be deemed to be an entitlement to a separate payment
within the meaning of Section 409A of the Code and the regulations
thereunder.

     

    (e)           To
the extent Severance Payments are not exempt from Section 409A pursuant to
paragraphs (b), (c) or (d) above, and to the extent you are a "specified
employee" (as defined below), payments due to you under this Agreement shall be
paid in a lump sum after six months have elapsed

    
      
         

      

      
         

        
          
 

      

      
         

      

    

     

    following
your severance from employment (other than for Death); provided, however, that
any payments not made during the six (6) month period described in this
paragraph (e) due to the 6-month delay period required under Treasury Regulation
Section 1.409A-3(i)(2) shall be made in a single lump sum as soon as
administratively practicable after the expiration of such six (6) month period,
with interest thereon computed at the rate set forth in the first full paragraph
on page 6 hereof.

     

    (f)           For
purposes of this Agreement, any reference to severance of employment or
termination of employment shall mean a "separation from service" as defined in
Treasury Reg. Section 1.409A-1(h).  For purposes of this Agreement,
the term "specified employee" shall have the meaning set forth in Treasury Reg.
Section 1.409A-1(i).  The determination of whether you are a
"specified employee" shall be made by the Employer in good faith applying the
applicable Treasury regulations.

     

    (g)           Notwithstanding
anything to the contrary set forth in this Agreement, and in addition to any tax
gross-up payments to which you may be entitled under any other agreement between
you and Company, if any of the amounts payable to you hereunder are or become
subject to excise or other tax liability (including interest and penalties) that
may be assessed by the IRS pursuant to Section 409A or any other section of the
Code and imposed upon you, the Company shall reimburse you and pay you a
gross-up in an amount sufficient so that such payments and benefits received by
you hereunder will be so received without reduction for any such taxes, interest
or penalties.  Such gross-up payment shall be made promptly after the
assessment of such excise or other tax liability (including interest and
penalties); however, in any event, such gross-up payment shall be made no later
than the end of your taxable year next following the taxable year in which the
related taxes, interest or penalties are remitted.

     

    Termination
of your employment for "Cause"
means termination because of (i) your willful and continued failure to
substantially perform your duties with the Company (other than resulting from
your disability or after you have notified the Company that you intend to
terminate your employment for Good Reason) after a written demand for
substantial performance is delivered to you by the Board, which demand
specifically identifies the manner in which the Board believes you have not
substantially performed your duties; or (ii) your willful engaging in wrongful
conduct which is demonstrably and materially injurious to the Company; provided,
however, that no act or failure to act on your part shall be deemed "willful"
unless done, or omitted to be done, in bad faith and without reasonable belief
that your action or omission was in the best interest of the
Company.  In the event that the existence of Cause shall become an
issue in any action or proceeding between the parties, the Company shall have
the burden of establishing by clear and convincing evidence that the actions or
omissions did in fact occur and do constitute Cause and that you failed to
correct such conduct.  Unless the Company so establishes, by clear and
convincing evidence, any termination of employment shall be deemed a termination
by the Company without Cause for all purposes of this
Agreement.  Termination of your employment for "Good
Reason" means your termination after the Company has taken any action
without your express written consent, which directly or indirectly reduces or
deprives you of any material benefit enjoyed by you or any of your beneficiaries
immediately prior to a Change in Control, including, without limitation, the
occurrence of any of the following, each of which shall be deemed to be a
material negative change in the terms and conditions of your
employment:

     

    
      	 
      	
              (A)

            	
              the
      assignment to you of any duties inconsistent with your status as Vice
      President, Controller, Hartmarx Corporation, or a substantial adverse
      alteration in the nature or status of your responsibilities from those in
      effect immediately prior to a Change in Control;

            
	 
      	 
      	 
      
	 
      	
              (B)

            	
              a
      reduction in your annual base salary and/or bonus opportunity as in effect
      immediately prior to a Change in Control;

            
	 
      	 
      	 
      
	 
      	
              (C)

            	
              the
      Company's requiring you to be based at a location more than 50 miles
      from your principal place of employment immediately prior to a Change in
      Control;

            
	 
      	 
      	 
      
	 
      	
              (D)

            	
              the
      Company's failure to:  (i) pay you any portion of your
      compensation, including bonus and/or deferred compensation, within seven
      (7) days of its due date; (ii) continue any compensation or benefit
      plan in which you participate, or to continue your
      participation

            
	 
      	 
      	 
      

    

     

    
      
         

      

      
         

        
          
 

      

      
         

      

    

     

    
      	 
      	 
      	
              therein
      on a basis not materially less favorable, both in terms of the amount of
      benefits provided and the level of your participation relative to other
      participants; (iii) continue to provide you with benefits
      substantially similar to those you enjoy at the time of a Change in
      Control; (iv) to provide you with the number of paid vacation days to
      which you may then be entitled on the basis of years of service with the
      Company in accordance with the Company's normal vacation policy in effect
      at the time of a Change in Control; or (v) to obtain a satisfactory
      agreement from any successor to assume and agree to perform this
      Agreement.

            

    

     

    If you
are employed by the Company upon a Change in Control and simultaneously or
thereafter become eligible to receive a Severance Payment, it will be paid to
you, in a lump sum, immediately upon your termination of employment in addition
to all other amounts to which you may be entitled under any employment
agreement(s) and/or compensation plan(s) of the Company.  Hartmarx
will also pay or reimburse you for all legal fees, accounting, expert witness or
other fees, costs and expenses which you incur (together with an additional
amount such that the net amount retained by you, after deduction of any federal,
state and local income tax upon the payment provided by this sentence shall be
equal to the amount you are paid or reimbursed pursuant to this sentence) to
obtain any benefit (including the Severance Payment) to be provided to you
pursuant to this Agreement.  If the Company fails to pay any amount
provided under this Agreement when due, the Company shall pay interest,
compounded monthly, on such amount at a rate equal to the lesser of (a) (i)
the highest rate of interest charged by the Company's principal lender on its
revolving credit agreements as in effect from time to time during the period of
such nonpayment plus 200 basis points, or (ii) in the absence of such a
lender, 300 basis points over the prime commercial lending rate announced by
The
Wall Street Journal in effect from time to time during the period of such
nonpayment, or (b) the highest legally-permissible interest rate allowed to
be charged under applicable law.  If you should die while any amount
is payable to you hereunder, such amount shall be paid to your devisee, legatee
or other designee or, if there is no such designee, to your estate.

     

    Nothing
in this Agreement is intended to give you the right to be retained in the employ
of Hartmarx or any of its subsidiaries or to interfere with the Company's right
to discharge you at any time for any reason.  Prior to a Change in
Control, you will have no right or interest whatsoever in or to the Severance
Payment or any portion thereof.

     

    The
Company shall establish irrevocable standby letters of credit issued by Wachovia
Bank, National Association, or another bank having combined capital and surplus
in excess of $500 million to secure the Company's obligations to
you.  Said letters of credit shall be established prior to an Imminent
Control Change Date, and shall be as follows:

     

    
      
        	 
      	
                (A)

              	
                one
      letter of credit, in substantially the form attached hereto, to secure the
      payment of legal fees and related tax gross-up payment as provided for
      under this Agreement in the amount of $5 million, which amount shall
      be available to you and each other person covered by the letter of credit;
      and

              
	 
      	 
      	 
      
	 
      	
                (B)

              	
                one
      letter of credit, in substantially the form attached hereto, to secure the
      other payments and benefits provided for under this Agreement in an amount
      which is not less than the amount of severance and other benefits (the
      "Severance
      Benefits") that would be payable to you pursuant to this Agreement
      if you were terminated by the Company without Cause following a Change in
      Control, which amount shall be available solely to
  you.

              

      

    

     

     

    The
amount of the letter of credit described in paragraph (B) above, shall be
increased by the Company from time to time so that such amount is never less
than the amount of your Severance Benefits.  The letters of credit
described in paragraphs (A) and (B) may expire on the date on which the Imminent
Control Change Date ceases to exist.  Upon a Change in Control, the
letters of credit shall remain in effect and shall not be subject to termination
prior to their respective Expiry Dates as provided in each such letter of
credit.  The Company shall establish an escrow account for each of the
letters of credit at the time the letters of credit are established by entering
into escrow agreements with LaSalle Bank National Association,

    
      
         

      

      
         

        
          
 

      

      
         

      

    

     

    or
another bank having combined capital and surplus in excess of $100 million in
substantially the forms attached hereto.

     

    [remainder
of page intentionally left bank]

     

    
      
         

      

      
         

        
          
 

      

      
         

      

    

     

    Upon
receiving this letter, please sign both copies where indicated (acknowledging
your agreement to the foregoing) and return one fully executed counterpart as
soon as possible.  Upon your execution and return of this letter, the
terms and conditions of this letter shall control and govern and shall replace
and supersede all prior agreements between you and the Company relating to the
subject matter hereof.

     

    
      	 
      	
              Very
      truly yours,

            
	 
      	 
      
	 
      	
              HARTMARX
      CORPORATION

            
	 
      	 
      
	 
      	 
      
	 
      	 
      
	 
      	
              By:

            	
              /s/
      HOMI B. PATEL

            	 
      
	 
      	 
      	
              Hoi
      B. Patel, Chairman and

            
	
              AGREED
      AND ACCEPTED:

            	 
      	
              Chief
      Executive Officer

            
	 
      	 
      
	 
      	 
      
	 
      	 
      
	
              /s/
      JAMES T. CONNERS

            	 
      	 
      
	
              James
      T. Conners

            	 
      
	
              Vice
      President, Controller

            	 
      
	
              Hartmarx
      CorporationFiled by Bowne Pure Compliance

Exhibit 4.1

CERTIFICATE OF DESIGNATIONS OF

FIXED RATE CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES A

OF

FIRST NIAGARA FINANCIAL GROUP, INC.

FIRST NIAGARA FINANCIAL GROUP, INC., a corporation organized and existing under the laws of
the State of Delaware (the “Corporation”), in accordance with the provisions of Section
151(g) of the General Corporation Law of the State of Delaware thereof, does hereby certify:

The board of directors of the Corporation (the “Board of Directors”), in accordance
with the certificate of incorporation and bylaws of the Corporation and applicable law, adopted the
following resolution on November 17, 2008 creating a series of 184,011 shares of Preferred Stock of
the Corporation designated as “Fixed Rate Cumulative Perpetual Preferred Stock, Series A”.

RESOLVED, that pursuant to the provisions of the certificate of incorporation and the bylaws
of the Corporation and applicable law, a series of Preferred Stock, par value $0.01 per share, of
the Corporation be and hereby is created, and that the designation and number of shares of such
series, and the voting and other powers, preferences and relative, participating, optional or other
rights, and the qualifications, limitations and restrictions thereof, of the shares of such series,
are as follows:

Part 1. Designation and Number of Shares. There is hereby created out of the
authorized and unissued shares of preferred stock of the Corporation a series of preferred stock
designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series A” (the “Designated
Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be
184,011.

Part 2. Standard Provisions. The Standard Provisions contained in Annex A attached
hereto are incorporated herein by reference in their entirety and shall be deemed to be a part of
this Certificate of Designations to the same extent as if such provisions had been set forth in
full herein.

Part 3. Definitions. The following terms are used in this Certificate of
Designations (including the Standard Provisions in Annex A hereto) as defined below:

(a) “Common Stock” means the common stock, par value $0.01 per share, of the
Corporation.

(b) “Dividend Payment Date” means February 15, May 15, August 15 and November 15
of each year.

(c) “Junior Stock” means the Common Stock, and any other class or series of stock of
the Corporation the terms of which expressly provide that it ranks junior to Designated Preferred
Stock as to dividend rights and/or as to rights on liquidation, dissolution or winding up of the Corporation.

UST Sequence No. 9

 

 

 

(d) “Liquidation Amount” means $1,000 per share of Designated Preferred Stock.

(e) “Minimum Amount” means $46,002,750

(f) “Parity Stock” means any class or series of stock of the Corporation (other than
Designated Preferred Stock) the terms of which do not expressly provide that such class or series
will rank senior or junior to Designated Preferred Stock as to dividend rights and/or as to rights
on liquidation, dissolution or winding up of the Corporation (in each case without regard to
whether dividends accrue cumulatively or non-cumulatively).

(g) “Signing Date” means November 21, 2008.

Part 4. Certain Voting Matters. Holders of shares of Designated Preferred Stock will
be entitled to one vote for each such share on any matter on which holders of Designated Preferred
Stock are entitled to vote, including any action by written consent.

[Remainder of Page Intentionally Left Blank]

UST Sequence No. 9

 

2

 

IN WITNESS WHEREOF, First Niagara Financial Group, Inc. has caused this Certificate of
Designations to be signed by John R. Koelmel, its President and Chief Executive Officer, this 19th
day of November, 2008.

	 	 	 	 	 
	 	FIRST NIAGARA FINANCIAL GROUP, INC.

 	 
	 	By:  	/s/ John R. Koelmel
 	 
	 	 	Name:  	John R. Koelmel 	 
	 	 	Title:  	President and Chief Executive Officer 	 
	 

UST Sequence No. 9

 

3 

 

ANNEX A

STANDARD PROVISIONS

Section 1. General Matters. Each share of Designated Preferred Stock shall be
identical in all respects to every other share of Designated Preferred Stock. The Designated
Preferred Stock shall be perpetual, subject to the provisions of Section 5 of these Standard
Provisions that form a part of the Certificate of Designations. The Designated Preferred Stock
shall rank equally with Parity Stock and shall rank senior to Junior Stock with respect to the
payment of dividends and the distribution of assets in the event of any dissolution, liquidation or
winding up of the Corporation.

Section 2. Standard Definitions. As used herein with respect to Designated
Preferred Stock:

(a) “Applicable Dividend Rate” means (i) during the period from the Original Issue
Date to, but excluding, the first day of the first Dividend Period commencing on or after the fifth
anniversary of the Original Issue Date, 5% per annum and (ii) from and after the first day of the
first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 9%
per annum.

(b) “Appropriate Federal Banking Agency” means the “appropriate Federal banking
agency” with respect to the Corporation as defined in Section 3(q) of the Federal Deposit Insurance
Act (12 U.S.C. Section 1813(q)), or any successor provision.

(c) “Business Combination” means a merger, consolidation, statutory share exchange or
similar transaction that requires the approval of the Corporation’s stockholders.

(d) “Business Day” means any day except Saturday, Sunday and any day on which banking
institutions in the State of New York generally are authorized or required by law or other
governmental actions to close.

(e) “Bylaws” means the bylaws of the Corporation, as they may be amended from time to
time.

(f) “Certificate of Designations” means the Certificate of Designations or comparable
instrument relating to the Designated Preferred Stock, of which these Standard Provisions form a
part, as it may be amended from time to time.

(g) “Charter” means the Corporation’s certificate or articles of incorporation,
articles of association, or similar organizational document.

(h) “Dividend Period” has the meaning set forth in Section 3(a).

(i) “Dividend Record Date” has the meaning set forth in Section 3(a).

(j) “Liquidation Preference” has the meaning set forth in Section 4(a).

 

A-1

 

(k) “Original Issue Date” means the date on which shares of Designated Preferred
Stock are first issued.

(1) “Preferred Director” has the meaning set forth in Section 7(b).

(m) “Preferred Stock” means any and all series of preferred stock of the Corporation,
including the Designated Preferred Stock.

(n) “Qualified Equity Offering” means the sale and issuance for cash by the
Corporation to persons other than the Corporation or any of its subsidiaries after the Original
Issue Date of shares of perpetual Preferred Stock, Common Stock or any combination of such stock,
that, in each case, qualify as and may be included in Tier 1 capital of the Corporation at the time
of issuance under the applicable risk-based capital guidelines of the Corporation’s Appropriate
Federal Banking Agency (other than any such sales and issuances made pursuant to agreements or
arrangements entered into, or pursuant to financing plans which were publicly announced, on or
prior to October 13, 2008).

(o) “Share Dilution Amount” has the meaning set forth in Section 3(b).

(p) “Standard Provisions” mean these Standard Provisions that form a part of the
Certificate of Designations relating to the Designated Preferred Stock.

(q) “Successor Preferred Stock” has the meaning set forth in Section 5 (a).

(r) “Voting Parity Stock” means, with regard to any matter as to which the holders of
Designated Preferred Stock are entitled to vote as specified in Sections 7(a) and 7(b) of these
Standard Provisions that form a part of the Certificate of Designations, any and all series of
Parity Stock upon which like voting rights have been conferred and are exercisable with respect to
such matter.

Section 3. Dividends.

(a) Rate. Holders of Designated Preferred Stock shall be entitled to receive, on each
share of Designated Preferred Stock if, as and when declared by the Board of Directors or any duly
authorized committee of the Board of Directors, but only out of assets legally available therefor,
cumulative cash dividends with respect to each Dividend Period (as defined below) at a rate per
annum equal to the Applicable Dividend Rate on (i) the Liquidation Amount per share of Designated
Preferred Stock and (ii) the amount of accrued and unpaid dividends for any prior Dividend Period
on such share of Designated Preferred Stock, if any. Such dividends shall begin to accrue and be
cumulative from the Original Issue Date, shall compound on each subsequent Dividend Payment Date
(i.e., no dividends shall accrue on other dividends unless and until the first Dividend Payment
Date for such other dividends has passed without such other dividends having been paid on such
date) and shall be payable quarterly in arrears on each Dividend Payment Date, commencing with the
first such Dividend Payment Date to occur at least 20 calendar days after the Original Issue Date.
In the event that any Dividend Payment Date would otherwise fall on a day that is not a Business
Day, the dividend payment due on that date will be postponed to the next day that is a Business Day
and no additional dividends will accrue as a result of that postponement. The period from and
including any Dividend Payment Date to, but excluding, the next Dividend Payment Date is a “Dividend Period”, provided that the initial
Dividend Period shall be the period from and including the Original Issue Date to, but excluding,
the next Dividend Payment Date.

 

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Dividends that are payable on Designated Preferred Stock in respect of any Dividend Period
shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of
dividends payable on Designated Preferred Stock on any date prior to the end of a Dividend Period,
and for the initial Dividend Period, shall be computed on the basis of a 360-day year consisting of
twelve 30-day months, and actual days elapsed over a 30-day month.

Dividends that are payable on Designated Preferred Stock on any Dividend Payment Date will be
payable to holders of record of Designated Preferred Stock as they appear on the stock register of
the Corporation on the applicable record date, which shall be the 15th calendar day immediately
preceding such Dividend Payment Date or such other record date fixed by the Board of Directors or
any duly authorized committee of the Board of Directors that is not more than 60 nor less than 10
days prior to such Dividend Payment Date (each, a “Dividend Record Date”). Any such day
that is a Dividend Record Date shall be a Dividend Record Date whether or not such day is a
Business Day.

Holders of Designated Preferred Stock shall not be entitled to any dividends, whether payable
in cash, securities or other property, other than dividends (if any) declared and payable on
Designated Preferred Stock as specified in this Section 3 (subject to the other provisions of the
Certificate of Designations).

(b) Priority of Dividends. So long as any share of Designated Preferred Stock remains
outstanding, no dividend or distribution shall be declared or paid on the Common Stock or any other
shares of Junior Stock (other than dividends payable solely in shares of Common Stock) or Parity
Stock, subject to the immediately following paragraph in the case of Parity Stock, and no Common
Stock, Junior Stock or Parity Stock shall be, directly or indirectly, purchased, redeemed or
otherwise acquired for consideration by the Corporation or any of its subsidiaries unless all
accrued and unpaid dividends for all past Dividend Periods, including the latest completed Dividend
Period (including, if applicable as provided in Section 3(a) above, dividends on such amount), on
all outstanding shares of Designated Preferred Stock have been or are contemporaneously declared
and paid in full (or have been declared and a sum sufficient for the payment thereof has been set
aside for the benefit of the holders of shares of Designated Preferred Stock on the applicable
record date). The foregoing limitation shall not apply to (i) redemptions, purchases or other
acquisitions of shares of Common Stock or other Junior Stock in connection with the administration
of any employee benefit plan in the ordinary course of business (including purchases to offset the
Share Dilution Amount (as defined below) pursuant to a publicly announced repurchase plan) and
consistent with past practice, provided that any purchases to offset the Share Dilution Amount
shall in no event exceed the Share Dilution Amount; (ii) purchases or other acquisitions by a
broker-dealer subsidiary of the Corporation solely for the purpose of market-making, stabilization
or customer facilitation transactions in Junior Stock or Parity Stock in the ordinary course of its
business; (iii) purchases by a broker-dealer subsidiary of the Corporation of capital stock of the
Corporation for resale pursuant to an offering by the Corporation of such capital stock
underwritten by such broker-dealer subsidiary; (iv) any dividends or distributions of rights or
Junior Stock in connection with

 

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a stockholders’ rights plan or any redemption or repurchase of rights pursuant to
any stockholders’ rights plan; (v) the acquisition by the Corporation or any of its subsidiaries of
record ownership in Junior Stock or Parity Stock for the beneficial ownership of any other persons
(other than the Corporation or any of its subsidiaries), including as trustees or custodians; and
(vi) the exchange or conversion of Junior Stock for or into other Junior Stock or of Parity Stock
for or into other Parity Stock (with the same or lesser aggregate liquidation amount) or Junior
Stock, in each case, solely to the extent required pursuant to binding contractual agreements
entered into prior to the Signing Date or any subsequent agreement for the accelerated exercise,
settlement or exchange thereof for Common Stock. “Share Dilution Amount” means the increase
in the number of diluted shares outstanding (determined in accordance with generally accepted
accounting principles in the United States, and as measured from the date of the Corporation’s
consolidated financial statements most recently filed with the Securities and Exchange Commission
prior to the Original Issue Date) resulting from the grant, vesting or exercise of equity-based
compensation to employees and equitably adjusted for any stock split, stock dividend, reverse stock
split, reclassification or similar transaction.

When dividends are not paid (or declared and a sum sufficient for payment thereof set aside
for the benefit of the holders thereof on the applicable record date) on any Dividend Payment Date
(or, in the case of Parity Stock having dividend payment dates different from the Dividend Payment
Dates, on a dividend payment date falling within a Dividend Period related to such Dividend Payment
Date) in full upon Designated Preferred Stock and any shares of Parity Stock, all dividends
declared on Designated Preferred Stock and all such Parity Stock and payable on such Dividend
Payment Date (or, in the case of Parity Stock having dividend payment dates different from the
Dividend Payment Dates, on a dividend payment date falling within the Dividend Period related to
such Dividend Payment Date) shall be declared pro rata so that the respective amounts of such
dividends declared shall bear the same ratio to each other as all accrued and unpaid dividends per
share on the shares of Designated Preferred Stock (including, if applicable as provided in Section
3(a) above, dividends on such amount) and all Parity Stock payable on such Dividend Payment Date
(or, in the case of Parity Stock having dividend payment dates different from the Dividend Payment
Dates, on a dividend payment date falling within the Dividend Period related to such Dividend
Payment Date) (subject to their having been declared by the Board of Directors or a duly authorized
committee of the Board of Directors out of legally available funds and including, in the case of
Parity Stock that bears cumulative dividends, all accrued but unpaid dividends) bear to each other.
If the Board of Directors or a duly authorized committee of the Board of Directors determines not
to pay any dividend or a full dividend on a Dividend Payment Date, the Corporation will provide
written notice to the holders of Designated Preferred Stock prior to such Dividend Payment Date.

Subject to the foregoing, and not otherwise, such dividends (payable in cash, securities or
other property) as may be determined by the Board of Directors or any duly authorized committee of
the Board of Directors may be declared and paid on any securities, including Common Stock and other
Junior Stock, from time to time out of any funds legally available for such payment, and holders of
Designated Preferred Stock shall not be entitled to participate in any such dividends.

 

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Section 4. Liquidation Rights.

(a) Voluntary or Involuntary Liquidation. In the event of any liquidation, dissolution
or winding up of the affairs of the Corporation, whether voluntary or involuntary, holders of
Designated Preferred Stock shall be entitled to receive for each share of Designated Preferred
Stock, out of the assets of the Corporation or proceeds thereof (whether capital or surplus)
available for distribution to stockholders of the Corporation, subject to the rights of any
creditors of the Corporation, before any distribution of such assets or proceeds is made to or set
aside for the holders of Common Stock and any other stock of the Corporation ranking junior to
Designated Preferred Stock as to such distribution, payment in full in an amount equal to the sum
of (i) the Liquidation Amount per share and (ii) the amount of any accrued and unpaid dividends
(including, if applicable as provided in Section 3(a) above, dividends on such amount), whether or
not declared, to the date of payment (such amounts collectively, the “Liquidation
Preference”).

(b) Partial Payment. If in any distribution described in Section 4(a) above the assets
of the Corporation or proceeds thereof are not sufficient to pay in full the amounts payable with
respect to all outstanding shares of Designated Preferred Stock and the corresponding amounts
payable with respect of any other stock of the Corporation ranking equally with Designated
Preferred Stock as to such distribution, holders of Designated Preferred Stock and the holders of
such other stock shall share ratably in any such distribution in proportion to the full respective
distributions to which they are entitled.

(c) Residual Distributions. If the Liquidation Preference has been paid in full to all
holders of Designated Preferred Stock and the corresponding amounts payable with respect of any
other stock of the Corporation ranking equally with Designated Preferred Stock as to such
distribution has been paid in full, the holders of other stock of the Corporation shall be entitled
to receive all remaining assets of the Corporation (or proceeds thereof) according to their
respective rights and preferences.

(d) Merger, Consolidation and Sale of Assets Not Liquidation. For purposes of this
Section 4, the merger or consolidation of the Corporation with any other corporation or other
entity, including a merger or consolidation in which the holders of Designated Preferred Stock
receive cash, securities or other property for their shares, or the sale, lease or exchange (for
cash, securities or other property) of all or substantially all of the assets of the Corporation,
shall not constitute a liquidation, dissolution or winding up of the Corporation.

Section 5. Redemption.

(a) Optional Redemption. Except as provided below, the Designated Preferred Stock may
not be redeemed prior to the first Dividend Payment Date falling on or after the third anniversary
of the Original Issue Date. On or after the first Dividend Payment Date falling on or after the
third anniversary of the Original Issue Date, the Corporation, at its option, subject to the
approval of the Appropriate Federal Banking Agency, may redeem, in whole or in part, at any time
and from time to time, out of funds legally available therefor, the shares of Designated Preferred
Stock at the time outstanding, upon notice given as provided in Section 5(c) below, at a redemption price equal to the sum of (i) the Liquidation
Amount per share and (ii) except as otherwise provided below, any accrued and unpaid dividends
(including, if applicable as provided in Section 3 (a) above, dividends on such amount) (regardless
of whether any dividends are actually declared) to, but excluding, the date fixed for redemption.

 

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Notwithstanding the foregoing, prior to the first Dividend Payment Date falling on or after
the third anniversary of the Original Issue Date, the Corporation, at its option, subject to the
approval of the Appropriate Federal Banking Agency, may redeem, in whole or in part, at any time
and from time to time, the shares of Designated Preferred Stock at the time outstanding, upon
notice given as provided in Section 5(c) below, at a redemption price equal to the sum of (i) the
Liquidation Amount per share and (ii) except as otherwise provided below, any accrued and unpaid
dividends (including, if applicable as provided in Section 3(a) above, dividends on such amount)
(regardless of whether any dividends are actually declared) to, but excluding, the date fixed for
redemption; provided that (x) the Corporation (or any successor by Business Combination) has
received aggregate gross proceeds of not less than the Minimum Amount (plus the “Minimum Amount” as
defined in the relevant certificate of designations for each other outstanding series of preferred
stock of such successor that was originally issued to the United States Department of the Treasury
(the “Successor Preferred Stock”) in connection with the Troubled Asset Relief Program
Capital Purchase Program) from one or more Qualified Equity Offerings (including Qualified Equity
Offerings of such successor), and (y) the aggregate redemption price of the Designated Preferred
Stock (and any Successor Preferred Stock) redeemed pursuant to this paragraph may not exceed the
aggregate net cash proceeds received by the Corporation (or any successor by Business Combination)
from such Qualified Equity Offerings (including Qualified Equity Offerings of such successor).

The redemption price for any shares of Designated Preferred Stock shall be payable on the
redemption date to the holder of such shares against surrender of the certificate(s) evidencing
such shares to the Corporation or its agent. Any declared but unpaid dividends payable on a
redemption date that occurs subsequent to the Dividend Record Date for a Dividend Period shall not
be paid to the holder entitled to receive the redemption price on the redemption date, but rather
shall be paid to the holder of record of the redeemed shares on such Dividend Record Date relating
to the Dividend Payment Date as provided in Section 3 above.

(b) No Sinking Fund. The Designated Preferred Stock will not be subject to any
mandatory redemption, sinking fund or other similar provisions. Holders of Designated Preferred
Stock will have no right to require redemption or repurchase of any shares of Designated Preferred
Stock.

(c) Notice of Redemption. Notice of every redemption of shares of Designated Preferred
Stock shall be given by first class mail, postage prepaid, addressed to the holders of record of
the shares to be redeemed at their respective last addresses appearing on the books of the
Corporation. Such mailing shall be at least 30 days and not more than 60 days before the date fixed
for redemption. Any notice mailed as provided in this Subsection shall be conclusively presumed to
have been duly given, whether or not the holder receives such notice, but failure duly to give such
notice by mail, or any defect in such notice or in the mailing thereof, to any holder of shares of Designated Preferred Stock designated for
redemption shall not affect the validity of the proceedings for the redemption of any other shares
of Designated Preferred Stock. Notwithstanding the foregoing, if shares of Designated Preferred
Stock are issued in book-entry form through The Depository Trust Corporation or any other similar
facility, notice of redemption may be given to the holders of Designated Preferred Stock at such
time and in any manner permitted by such facility. Each notice of redemption given to a holder
shall state: (1) the redemption date; (2) the number of shares of Designated Preferred Stock to be
redeemed and, if less than all the shares held by such holder are to be redeemed, the number of
such shares to be redeemed from such holder; (3) the redemption price; and (4) the place or places
where certificates for such shares are to be surrendered for payment of the redemption price.

 

A-6

 

(d) Partial Redemption. In case of any redemption of part of the shares of Designated
Preferred Stock at the time outstanding, the shares to be redeemed shall be selected either pro
rata or in such other manner as the Board of Directors or a duly authorized committee thereof may
determine to be fair and equitable. Subject to the provisions hereof, the Board of Directors or a
duly authorized committee thereof shall have full power and authority to prescribe the terms and
conditions upon which shares of Designated Preferred Stock shall be redeemed from time to time. If
fewer than all the shares represented by any certificate are redeemed, a new certificate shall be
issued representing the unredeemed shares without charge to the holder thereof.

(e) Effectiveness of Redemption. If notice of redemption has been duly given and if on
or before the redemption date specified in the notice all funds necessary for the redemption have
been deposited by the Corporation, in trust for the pro rata benefit of the holders of the shares
called for redemption, with a bank or trust company doing business in the Borough of Manhattan, The
City of New York, and having a capital and surplus of at least $500 million and selected by the
Board of Directors, so as to be and continue to be available solely therefor, then, notwithstanding
that any certificate for any share so called for redemption has not been surrendered for
cancellation, on and after the redemption date dividends shall cease to accrue on all shares so
called for redemption, all shares so called for redemption shall no longer be deemed outstanding
and all rights with respect to such shares shall forthwith on such redemption date cease and
terminate, except only the right of the holders thereof to receive the amount payable on such
redemption from such bank or trust company, without interest. Any funds unclaimed at the end of
three years from the redemption date shall, to the extent permitted by law, be released to the
Corporation, after which time the holders of the shares so called for redemption shall look only to
the Corporation for payment of the redemption price of such shares.

(f) Status of Redeemed Shares. Shares of Designated Preferred Stock that are redeemed,
repurchased or otherwise acquired by the Corporation shall revert to authorized but unissued shares
of Preferred Stock (provided that any such cancelled shares of Designated Preferred Stock may be
reissued only as shares of any series of Preferred Stock other than Designated Preferred Stock).

Section 6. Conversion. Holders of Designated Preferred Stock shares shall have no
right to exchange or convert such shares into any other securities.

 

A-7

 

Section 7. Voting Rights.

(a) General. The holders of Designated Preferred Stock shall not have any voting
rights except as set forth below or as otherwise from time to time required by law.

(b) Preferred Stock Directors. Whenever, at any time or times, dividends payable on
the shares of Designated Preferred Stock have not been paid for an aggregate of six quarterly
Dividend Periods or more, whether or not consecutive, the authorized number of directors of the
Corporation shall automatically be increased by two and the holders of the Designated Preferred
Stock shall have the right, with holders of shares of any one or more other classes or series of
Voting Parity Stock outstanding at the time, voting together as a class, to elect two directors
(hereinafter the “Preferred Directors” and each a “Preferred Director”) to fill
such newly created directorships at the Corporation’s next annual meeting of stockholders (or at a
special meeting called for that purpose prior to such next annual meeting) and at each subsequent
annual meeting of stockholders until all accrued and unpaid dividends for all past Dividend
Periods, including the latest completed Dividend Period (including, if applicable as provided in
Section 3(a) above, dividends on such amount), on all outstanding shares of Designated Preferred
Stock have been declared and paid in full at which time such right shall terminate with respect to
the Designated Preferred Stock, except as herein or by law expressly provided, subject to revesting
in the event of each and every subsequent default of the character above mentioned; provided that
it shall be a qualification for election for any Preferred Director that the election of such
Preferred Director shall not cause the Corporation to violate any corporate governance requirements
of any securities exchange or other trading facility on which securities of the Corporation may
then be listed or traded that listed or traded companies must have a majority of independent
directors. Upon any termination of the right of the holders of shares of Designated Preferred Stock
and Voting Parity Stock as a class to vote for directors as provided above, the Preferred Directors
shall cease to be qualified as directors, the term of office of all Preferred Directors then in
office shall terminate immediately and the authorized number of directors shall be reduced by the
number of Preferred Directors elected pursuant hereto. Any Preferred Director may be removed at any
time, with or without cause, and any vacancy created thereby may be filled, only by the affirmative
vote of the holders a majority of the shares of Designated Preferred Stock at the time outstanding
voting separately as a class together with the holders of shares of Voting Parity Stock, to the
extent the voting rights of such holders described above are then exercisable. If the office of any
Preferred Director becomes vacant for any reason other than removal from office as aforesaid, the
remaining Preferred Director may choose a successor who shall hold office for the unexpired term in
respect of which such vacancy occurred.

(c) Class Voting Rights as to Particular Matters. So long as any shares of Designated
Preferred Stock are outstanding, in addition to any other vote or consent of stockholders required
by law or by the Charter, the vote or consent of the holders of at least 66 2/3% of the shares of
Designated Preferred Stock at the time outstanding, voting as a separate class, given in person or
by proxy, either in writing without a meeting or by vote at any meeting called for the purpose,
shall be necessary for effecting or validating:

(i) Authorization of Senior Stock. Any amendment or alteration of the
Certificate of Designations for the Designated Preferred Stock or the Charter to

authorize or create or increase the authorized amount of, or any issuance of, any shares
of, or any securities convertible into or exchangeable or exercisable for shares of, any
class or series of capital stock of the Corporation ranking senior to Designated Preferred
Stock with respect to either or both the payment of dividends and/or the distribution of
assets on any liquidation, dissolution or winding up of the Corporation;

 

A-8

 

(ii) Amendment of Designated Preferred Stock. Any amendment, alteration or
repeal of any provision of the Certificate of Designations for the Designated Preferred Stock
or the Charter (including, unless no vote on such merger or consolidation is required by
Section 7(c)(iii) below, any amendment, alteration or repeal by means of a merger,
consolidation or otherwise) so as to adversely affect the rights, preferences, privileges or
voting powers of the Designated Preferred Stock; or

(iii) Share Exchanges, Reclassifications, Mergers and Consolidations. Any
consummation of a binding share exchange or reclassification involving the Designated
Preferred Stock, or of a merger or consolidation of the Corporation with another corporation
or other entity, unless in each case (x) the shares of Designated Preferred Stock remain
outstanding or, in the case of any such merger or consolidation with respect to which the
Corporation is not the surviving or resulting entity, are converted into or exchanged for
preference securities of the surviving or resulting entity or its ultimate parent, and (y)
such shares remaining outstanding or such preference securities, as the case may be, have
such rights, preferences, privileges and voting powers, and limitations and restrictions
thereof, taken as a whole, as are not materially less favorable to the holders thereof than
the rights, preferences, privileges and voting powers, and limitations and restrictions
thereof, of Designated Preferred Stock immediately prior to such consummation, taken as a
whole;

provided, however, that for all purposes of this Section 7(c), any increase in the amount of the
authorized Preferred Stock, including any increase in the authorized amount of Designated Preferred
Stock necessary to satisfy preemptive or similar rights granted by the Corporation to other persons
prior to the Signing Date, or the creation and issuance, or an increase in the authorized or issued
amount, whether pursuant to preemptive or similar rights or otherwise, of any other series of
Preferred Stock, or any securities convertible into or exchangeable or exercisable for any other
series of Preferred Stock, ranking equally with and/or junior to Designated Preferred Stock with
respect to the payment of dividends (whether such dividends are cumulative or non-cumulative) and
the distribution of assets upon liquidation, dissolution or winding up of the Corporation will not
be deemed to adversely affect the rights, preferences, privileges or voting powers, and shall not
require the affirmative vote or consent of, the holders of outstanding shares of the Designated
Preferred Stock.

(d) Changes after Provision for Redemption. No vote or consent of the holders of
Designated Preferred Stock shall be required pursuant to Section 7(c) above if, at or prior to the
time when any such vote or consent would otherwise be required pursuant to such Section, all
outstanding shares of the Designated Preferred Stock shall have been redeemed, or shall have been
called for redemption upon proper notice and sufficient funds shall have been deposited in trust
for such redemption, in each case pursuant to Section 5 above.

 

A-9

 

(e) Procedures for Voting and Consents. The rules and procedures for calling and
conducting any meeting of the holders of Designated Preferred Stock (including, without limitation,
the fixing of a record date in connection therewith), the solicitation and use of proxies at such a
meeting, the obtaining of written consents and any other aspect or matter with regard to such a
meeting or such consents shall be governed by any rules of the Board of Directors or any duly
authorized committee of the Board of Directors, in its discretion, may adopt from time to time,
which rules and procedures shall conform to the requirements of the Charter, the Bylaws, and
applicable law and the rules of any national securities exchange or other trading facility on which
Designated Preferred Stock is listed or traded at the time.

Section 8. Record Holders. To the fullest extent permitted by applicable law, the
Corporation and the transfer agent for Designated Preferred Stock may deem and treat the record
holder of any share of Designated Preferred Stock as the true and lawful owner thereof for all
purposes, and neither the Corporation nor such transfer agent shall be affected by any notice to
the contrary.

Section 9. Notices. All notices or communications in respect of Designated Preferred
Stock shall be sufficiently given if given in writing and delivered in person or by first class
mail, postage prepaid, or if given in such other manner as may be permitted in this Certificate of
Designations, in the Charter or Bylaws or by applicable law. Notwithstanding the foregoing, if
shares of Designated Preferred Stock are issued in book-entry form through The Depository Trust
Corporation or any similar facility, such notices may be given to the holders of Designated
Preferred Stock in any manner permitted by such facility.

Section 10. No Preemptive Rights. No share of Designated Preferred Stock shall have
any rights of preemption whatsoever as to any securities of the Corporation, or any warrants,
rights or options issued or granted with respect thereto, regardless of how such securities, or
such warrants, rights or options, may be designated, issued or granted.

Section 11. Replacement Certificates. The Corporation shall replace any mutilated
certificate at the holder’s expense upon surrender of that certificate to the Corporation. The
Corporation shall replace certificates that become destroyed, stolen or lost at the holder’s
expense upon delivery to the Corporation of reasonably satisfactory evidence that the certificate
has been destroyed, stolen or lost, together with any indemnity that may be reasonably required by
the Corporation.

Section 12. Other Rights. The shares of Designated Preferred Stock shall not have any
rights, preferences, privileges or voting powers or relative, participating, optional or other
special rights, or qualifications, limitations or restrictions thereof, other than as set forth
herein or in the Charter or as provided by applicable law.

 

A-10

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