Document:

Unassociated Document

    EXHIBIT
      4.2

     

    
      

      

    

    AMENDED
      AND RESTATED DECLARATION

    OF
      TRUST

    

    by
      and among

    

    WILMINGTON
      TRUST COMPANY,

    as
      Delaware Trustee,

    

    WILMINGTON
      TRUST COMPANY,

    as
      Institutional Trustee,

    

    BELVEDERE
      SOCAL,

    as
      Sponsor,

    

    and

    

    ALAN
      LANE AND MICHAEL MCCALL,

    as
      Administrators,

    

    Dated
      as of January 31, 2008

    

    
      

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    TABLE
      OF
      CONTENTS

     

    
    

    
      
        	 	 	 	
                Page

              
	 	 	 	 
	ARTICLE
                I
                INTERPRETATION AND DEFINITIONS	
                1

              
	 	Section
                1.1.	Definitions.	
                1

              
	 	 	 	 
	ARTICLE
                II
                ORGANIZATION	
                7

              
	 	Section
                2.1.	Name.	
                7

              
	 	Section
                2.2.	Office.	
                7

              
	 	Section
                2.3.	Purpose.	
                7

              
	 	Section
                2.4.	Authority.	
                7

              
	 	Section
                2.5.	Title
                to Property of
                the Trust.	
                8

              
	 	Section
                2.6.	Powers
                and Duties of
                the Trustees and the Administrators.	
                8

              
	 	Section
                2.7.	Prohibition
                of
                Actions by the Trust and the Institutional Trustee.	
                
                  11

                

              
	 	Section
                2.8.	Powers
                and Duties of
                the Institutional Trustee.	
                
                  12

                

              
	 	Section
                2.9.	Certain
                Duties and
                Responsibilities of the Trustees and Administrators.	
                13

              
	 	Section
                2.10.	Certain
                Rights of
                Institutional Trustee.	
                14

              
	 	Section
                2.11.	Delaware
                Trustee.	
                16

              
	 	Section
                2.12.	Execution
                of
                Documents.	
                16

              
	 	Section
                2.13.	Not
                Responsible for
                Recitals or Issuance of Securities.	
                16

              
	 	Section
                2.14.	Duration
                of
                Trust.	
                17

              
	 	Section
                2.15.	Mergers.	
                17

              
	 	 	 	 
	ARTICLE
                III
                SPONSOR	
                18

              
	 	Section
                3.1.	Sponsor’s
                Purchase
                of Common Securities.	
                18

              
	 	Section
                3.2.	Responsibilities
                of
                the Sponsor.	
                18

              
	 	Section
                3.3.	Expenses.	
                18

              
	 	Section
                3.4.	Right
                to
                Proceed.	
                19

              
	 	 	 	 
	ARTICLE
                IV
                INSTITUTIONAL TRUSTEE AND ADMINISTRATORS	
                19

              
	 	Section
                4.1.	Number
                of
                Trustees.	
                19

              
	 	Section
                4.2.	Delaware
                Trustee;
                Eligibility.	
                19

              
	 	Section
                4.3.	Institutional
                Trustee; Eligibility.	
                20

              
	 	Section
                4.4.	Administrators.	
                20

              
	 	Section
                4.5.	Appointment,
                Removal
                and Resignation of Trustees and Administrators.	
                20

              
	 	Section
                4.6.	Vacancies
                Among
                Trustees.	
                22

              
	 	Section
                4.7.	Effect
                of
                Vacancies.	
                22

              
	 	Section
                4.8.	Meetings
                of the
                Trustees and the Administrators.	
                22

              
	 	Section
                4.9.	Delegation
                of
                Power.	
                23

              
	 	Section
                4.10.	Conversion,
                Consolidation or Succession to Business.	
                23

              
	 	 	 	 
	ARTICLE
                V
                DISTRIBUTIONS	
                23

              
	 	Section
                5.1.	Distributions.	
                23

              
	 	 	 	 
	ARTICLE
                VI ISSUANCE
                OF SECURITIES	
                23

              
	 	Section
                6.1.	General
                Provisions
                Regarding Securities.	
                24

              
	 	Section
                6.2.	Paying
                Agent,
                Transfer Agent and Registrar.	
                24

              
	 	Section
                6.3.	Form
                and
                Dating.	
                24

              
	 	Section
                6.4.	Mutilated,
                Destroyed, Lost or Stolen Certificates.	
                25

              
	 	Section
                6.5.	Temporary
                Securities.	
                25

              
	 	Section
                6.6.	Cancellation.	
                25

              
	 	Section
                6.7.	Rights
                of Holders;
                Waivers of Past Defaults.	
                26

              
	 	 	 	 
	ARTICLE
                VII
                DISSOLUTION AND TERMINATION OF TRUST	 
	 	Section
                7.1.	Dissolution
                and
                Termination of Trust.	
                27

              
	 	 	 	
                27

              

      

       

      
        
           

        

        
          i

          
            

          

        

        
           

        

      

       

      
        	ARTICLE
                VIII
                TRANSFER OF INTERESTS	
                28

              
	 	Section
                8.1.	General.	
                28

              
	 	Section
                8.2.	Transfer
                Procedures
                and Restrictions.	
                29

              
	 	Section
                8.3.	Deemed
                Security
                Holders.	
                31

              
	 	 	 	 
	ARTICLE
                IX
                LIMITATION OF LIABILITY OF HOLDERS OF SECURITIES, INSTITUTIONAL TRUSTEE
                OR
                OTHERS	
                31

              
	 	Section
                9.1.	Liability.	
                31

              
	 	Section
                9.2.	Exculpation.	
                31

              
	 	Section
                9.3.	Fiduciary
                Duty.	
                32

              
	 	Section
                9.4.	Indemnification.	
                32

              
	 	Section
                9.5.	Outside
                Businesses.	
                34

              
	 	Section
                9.6.	Compensation;
                Fee.	
                34

              
	 	 	 	 
	ARTICLE
                X
                ACCOUNTING	
                35

              
	 	Section
                10.1.	Fiscal
                Year.	
                35

              
	 	Section
                10.2.	Certain
                Accounting
                Matters.	
                35

              
	 	Section
                10.3.	Banking.	
                35

              
	 	Section
                10.4.	Withholding.	
                36

              
	 	 	 	 
	ARTICLE
                XI
                AMENDMENTS AND MEETINGS	
                36

              
	 	Section
                11.1.	Amendments.	
                36

              
	 	Section
                11.2.	Meetings
                of the
                Holders of Securities; Action by Written Consent.	
                37

              
	 	 	 	 
	ARTICLE
                XII
                REPRESENTATIONS OF INSTITUTIONAL TRUSTEE AND THE DELAWARE
                TRUSTEE	
                38

              
	 	Section
                12.1.	Representations
                and
                Warranties of Institutional Trustee.	
                38

              
	 	Section
                12.2.	Representations
                of
                the Delaware Trustee.	
                39

              
	 	 	 	 
	ARTICLE
                XIII
                MISCELLANEOUS	
                40

              
	 	Section
                13.1.	Notices.	
                40

              
	 	Section
                13.2.	Governing
                Law.	
                41

              
	 	Section
                13.3.	Intention
                of the
                Parties.	
                41

              
	 	Section
                13.4.	Headings.	
                41

              
	 	Section
                13.5.	Successors
                and
                Assigns.	
                41

              
	 	Section
                13.6.	Partial
                Enforceability.	
                41

              
	 	Section
                13.7.	Counterparts.	
                41

              
	 	 	 	 
	Annex
                I	 	Terms
                of
                Securities	 
	Exhibit
                A-1	 	Form
                of Capital
                Security Certificate	 
	Exhibit
                A-2	 	Form
                of Common
                Security Certificate	 
	Exhibit
                B	 	Specimen
                of Initial
                Debenture	 
	Exhibit
                C	 	Purchase
                Agreement	 

      

    
       

      
        
           

        

        
          ii

          
            

          

        

        
           

        

      

       

    

    AMENDED
      AND RESTATED

    DECLARATION
      OF TRUST

    OF

    BELVEDERE
      SOCAL STATUTORY TRUST I

    January
      31, 2008

     

    AMENDED
      AND RESTATED DECLARATION OF TRUST (“Declaration”) dated
      and effective as of January 31, 2008, by the Trustees (as defined herein),
      the
      Administrators (as defined herein), the Sponsor (as defined herein) and by
      the
      holders, from time to time, of undivided beneficial interests in the Trust
      (as
      defined herein) to be issued pursuant to this Declaration;

     

    WHEREAS,
      the Trustees, the Administrators and the Sponsor established Belvedere SoCal
      Statutory Trust I (the “Trust”), a statutory
      trust under the Statutory Trust Act (as defined herein) pursuant to a
      Declaration of Trust dated as of January 30, 2008 (the “Original
      Declaration”), and a Certificate of Trust filed with the Secretary of
      State of the State of Delaware on January 30, 2008, 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 debentures of the Debenture Issuer (as defined herein);

     

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

     

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

     

    NOW,
      THEREFORE, it being the intention of the parties hereto to continue the Trust
      as
      a statutory trust under the Statutory Trust Act and that this Declaration
      constitutes the governing instrument of such statutory trust, 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.  The parties hereto
      hereby agree as follows:

     

    ARTICLE
      I

    INTERPRETATION
      AND DEFINITIONS

     

    Section
      1.1. Definitions.

     

    Unless
      the context otherwise requires:

     

    (a)    Capitalized
      terms used in this Declaration but not defined in the preamble above have the
      respective meanings assigned to them in this Section 1.1;

     

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

     

    (c)    all
      references to “the Declaration” or “this Declaration” are to this Declaration as
      modified, supplemented or amended from time to time;

     

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

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

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

     

    “Acceleration
      Event of
      Default” has the meaning set forth in the Indenture.

     

    “Additional
      Interest”
has the meaning set forth in the Indenture.

     

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

     

    “Administrators”
means
      each of Alan Lane and Michael McCall, solely in such Person’s capacity as
      Administrator of the Trust created and continued hereunder and not in such
      Person’s individual capacity, or such Administrator’s successor in interest in
      such capacity, or any successor appointed as herein provided.

     

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

     

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

     

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

     

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

     

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

     

    “Business
      Day” means
      any day other than Saturday, Sunday or any other day on which banking
      institutions in New York City or Wilmington, Delaware are permitted or required
      by any applicable law or executive order to close.

     

    “Capital
      Securities”
has the meaning set forth in paragraph 1(a) of Annex I.

     

    “Capital
      Security
      Certificate” means a definitive Certificate in fully registered form
      representing a Capital Security substantially in the form of
      Exhibit A-1.

     

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

     

    “Certificate”
means
      any certificate evidencing Securities.

     

    “Closing
      Date” has the
      meaning set forth in the Purchase Agreement.

     

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

     

    “Common
      Securities”
has the meaning set forth in paragraph 1(b) of Annex I.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    “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 Administrator; (b) any Affiliate of any
      Administrator; (c) any officers, directors, shareholders, members,
      partners, employees, representatives or agents of any Administrator; or
      (d) any officer, employee or agent of the Trust or its
      Affiliates.

     

    “Corporate
      Trust
      Office” means the office of the Institutional Trustee at which 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 is located at Rodney Square North, 1100 North Market Street,
      Wilmington, Delaware  19890-1600, Attn: Corporate Trust
      Administration.

     

    “Covered
      Person”
means:  (a) any Administrator, officer, director, shareholder,
      partner, member, representative, employee or agent of (i) the Trust or
      (ii) any of the Trust’s Affiliates; and (b) any Holder of
      Securities.

     

    “Creditor”
has
      the
      meaning set forth in Section 3.3.

     

    “Debenture
      Issuer”
means Belvedere SoCal, a California corporation, in its capacity as
      issuer of
      the Debentures under the Indenture.

     

    “Debenture
      Trustee”
means Wilmington Trust Company, as trustee under the Indenture until
      a successor
      is appointed thereunder, and thereafter means such successor
      trustee.

     

    “Debentures”
means
      the
      Fixed Rate Junior Subordinated Deferrable Interest Debentures due 2038 to be
      issued by the Debenture Issuer under the Indenture.

     

    “Defaulted
      Interest”
has the meaning set forth in the Indenture.

     

    “Delaware
      Trustee” has
      the meaning set forth in Section 4.2.

     

    “Direct
      Action” has
      the meaning set forth in Section 2.8(d).

     

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

     

    “Distribution
      Payment
      Date” has the meaning set forth in paragraph 2(b) of
      Annex I.

     

    “Distribution
      Period”
means (i) with respect to the Distribution paid on the first Distribution
      Payment Date, the period beginning on (and including) the date of original
      issuance and ending on (but excluding) the Distribution Payment Date in February
      2008 and (ii) thereafter, with respect to a Distribution paid on each
      successive Distribution Payment Date, the period beginning on (and including)
      the preceding Distribution Payment Date and ending on (but excluding) such
      current Distribution Payment Date.

     

    “Distribution
      Rate”
means 10%.

     

    “Event
      of Default”
means any one of the following events (whatever the reason for such
      event and
      whether it shall be voluntary or involuntary or be effected by operation of
      law
      or pursuant to any judgment, decree or order of any court or any order, rule
      or
      regulation of any administrative or governmental body):

     

    (a)    the
      occurrence of an Indenture Event of Default; or

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

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

     

    (c)    default
      in
      the performance, or breach, in any material respect, of any covenant or warranty
      of the Institutional Trustee in this Declaration (other than those specified
      in
      clause (a) or (b) above) and continuation of such default or breach for a
      period of 60 days after there has been given, by registered or certified
      mail to the Institutional Trustee and to the Sponsor by the Holders of at least
      25% in aggregate liquidation amount of the outstanding Capital Securities,
      a
      written notice specifying such default or breach and requiring it to be remedied
      and stating that such notice is a “Notice of Default” hereunder; or

     

    (d)    the
      occurrence of a Bankruptcy Event with respect to the Institutional Trustee
      if a
      successor Institutional Trustee has not been appointed within 90 days
      thereof.

     

    “Extension
      Period” has
      the meaning set forth in paragraph 2(b) of Annex I.

     

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

     

    “Fiduciary
      Indemnified
      Person” shall mean each of the Institutional Trustee (including in its
      individual capacity), the Delaware Trustee (including in its individual
      capacity), any Affiliate of the Institutional Trustee or Delaware Trustee and
      any officers, directors, shareholders, members, partners, employees,
      representatives, custodians, nominees or agents of the Institutional Trustee
      or
      Delaware Trustee.

     

    “Fiscal
      Year” has the
      meaning set forth in Section 10.1.

     

    “Guarantee”
means
      the
      guarantee agreement to be dated as of the Closing Date, of the Sponsor in
      respect of the Capital Securities.

     

    “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 the Closing Date, between the Debenture Issuer and the
      Debenture Trustee, and any indenture supplemental thereto pursuant to which
      the
      Debentures are to be issued, as such Indenture and any supplemental indenture
      may be amended, supplemented or otherwise modified from time to
      time.

     

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

     

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

     

    “Interest”
means
      any
      interest due on the Debentures including any Additional Interest and Defaulted
      Interest.

     

    “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.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

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

     

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

     

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

     

    “Majority
      in liquidation
      amount of the Securities” means Holder(s) of outstanding Securities
      voting together as a single class or, as the context may require, Holders of
      outstanding Capital Securities or Holders of outstanding Common Securities
      voting separately as a class, who are the record owners of 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.

     

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

     

    “Officers’
      Certificates” 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 providing
      for
      it in this Declaration shall include:

     

    (a)    a
      statement
      that each officer signing the 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 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.

     

    “OTS”
has
      the meaning
      set forth in paragraph 3 of Annex I.

     

    “Paying
      Agent” has the
      meaning specified in Section 6.2.

     

    “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.

     

    “Purchase
      Agreement”
means the Purchase Agreement relating to the offering and sale of Capital
      Securities in the form of Exhibit C.

     

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

     

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

     

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

     

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

     

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

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

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

     

    “Registrar”
has
      the
      meaning set forth in Section 6.2.

     

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

     

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

     

    “Restricted
      Securities
      Legend” has the meaning set forth in Section 8.2(b).

     

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

     

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

     

    “Securities”
means
      the
      Common Securities and the Capital Securities.

     

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

     

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

     

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

     

    “Sponsor”
means
      Belvedere SoCal, a California corporation, 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. C. §§ 3801, et seq. as may be
      amended
      from time to time.

     

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

     

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

     

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

     

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

     

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

     

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

     

    “10%
      in liquidation amount of
      the Securities” means Holder(s) of outstanding Securities voting together
      as a single class or, as the context may require, Holders of outstanding Capital
      Securities or Holders of outstanding Common Securities voting separately as
      a
      class, who are the record owners of 10% or more of the aggregate liquidation
      amount (including the stated amount that would be paid 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.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    “Transfer
      Agent” has
      the meaning set forth in Section 6.2.

     

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

     

    “Trust
      Property” means
      (a) the Debentures, (b) any cash on deposit in, or owing to, the
      Property Account and (c) all proceeds and rights in respect of the
      foregoing and any other property and assets for the time being held or deemed
      to
      be held by the Institutional Trustee pursuant to the trusts of this
      Declaration.

     

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

     

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

     

    ARTICLE
      II

    ORGANIZATION

     

    Section
      2.1.  Name. 
      The
      Trust
      is named “Belvedere SoCal Statutory Trust I,” as such name may be modified from
      time to time by the Administrators following written notice to the Holders
      of
      the Securities.  The Trust’s activities may be conducted under the
      name of the Trust or any other name deemed advisable by the
      Administrators.

     

    Section
      2.2. Office. 
      The
      address of the principal office of the Trust is c/o Wilmington Trust Company,
      Rodney Square North, 1100 North Market Street, Wilmington,
      Delaware  19890-1600.  On at least 10 Business Days
      written notice to the Holders of the Securities, the Administrators may
      designate another principal office, which shall be in a state of the United
      States or in the District of Columbia.

     

    Section
      2.3. Purpose. 
      The
      exclusive purposes and functions of the Trust are (a) to issue and sell the
      Securities representing undivided beneficial interests in the assets of the
      Trust, (b) to invest the gross proceeds from such sale to acquire the
      Debentures, (c) to facilitate direct investment in the assets of the Trust
      through issuance of the Common Securities and the Capital Securities and
      (d) 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
      2.4. Authority. 
      Except
      as
      specifically provided in this Declaration, the Institutional Trustee shall
      have
      exclusive and complete authority to carry out the purposes of the
      Trust.  An action taken by a Trustee 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.  The
      Administrators shall have only those ministerial duties set forth herein with
      respect to accomplishing the purposes of the Trust and are not intended to
      be
      trustees or fiduciaries with respect to the Trust or the Holders.  The
      Institutional Trustee shall have the right, but shall not be obligated except
      as
      provided in Section 2.6, to perform those duties assigned to the
      Administrators.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

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

     

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

     

    (a)    The
      Trustees and the Administrators shall conduct the affairs of the Trust in
      accordance with the terms of this Declaration.  Subject to the
      limitations set forth in paragraph (b) of this Section, and in accordance
      with the following provisions (i) and (ii), the Trustees and the
      Administrators shall have the authority to enter into all transactions and
      agreements determined by the Institutional Trustee to be appropriate in
      exercising the authority, express or implied, otherwise granted to the Trustees
      or the Administrators, as the case may be, under this Declaration, and to
      perform all acts in furtherance thereof, including without limitation, the
      following:

     

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

     

    (A)    the
      issuance and sale of the Securities;

     

    (B)    to
      cause
      the Trust to enter into, and to execute and deliver on behalf of the Trust,
      such
      agreements as may be necessary or desirable in connection with the purposes
      and
      function of the Trust, including agreements with the Paying Agent;

     

    (C)    ensuring
      compliance with the Securities Act, applicable state securities or blue sky
      laws;

     

    (D)    the
      sending of notices (other than notices of default), and other information
      regarding the Securities and the Debentures to the Holders in accordance with
      this Declaration;

     

    (E)    the
      consent to the appointment of a Paying Agent, Transfer Agent and Registrar
      in
      accordance with this Declaration, which consent shall not be unreasonably
      withheld or delayed;

     

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

     

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

     

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

     

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

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

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

     

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

     

    (L)    to
      instruct the Institutional Trustee to accept payment for Capital Securities
      in a
      property other than cash and to assign such property to the Sponsor as payment
      for the Debentures.

     

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

     

    (A)    the
      establishment of the Property Account;

     

    (B)    the
      receipt of the Debentures;

     

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

     

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

     

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

     

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

     

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

     

    (H)    to
      the
      extent provided in this Declaration, the winding up of the affairs of and
      liquidation of the Trust and the preparation, execution and filing of the
      certificate of cancellation with the Secretary of State of the State of
      Delaware;

     

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

     

    (J)    to
      take
      all action that may be necessary 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.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

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

     

    (b)    So
      long
      as this Declaration remains in effect, the Trust (or the Trustees or
      Administrators acting on behalf of the Trust) shall not undertake any business,
      activities or transaction except as expressly provided herein or contemplated
      hereby. In particular, neither the Trustees nor the Administrators may cause
      the
      Trust to (i) acquire any investments or engage in any activities not
      authorized by this Declaration, (ii) sell, assign, transfer, exchange,
      mortgage, pledge, set-off or otherwise dispose of any of the Trust Property
      or
      interests therein, including to Holders, except as expressly provided herein,
      (iii) take any action that would reasonably be expected (x) to cause the
      Trust to fail or cease to qualify as a “grantor trust” for United States federal
      income tax purposes or (y) to require the trust to register as an Investment
      Company under the Investment Company Act, (iv) incur any indebtedness for
      borrowed money or issue any other debt or (v) take or consent to any action
      that would result in the placement of a lien on any of the Trust
      Property.  The Institutional Trustee shall, at the sole cost and
      expense of the Trust, defend all claims and demands of all Persons at any time
      claiming any lien on any of the Trust Property adverse to the interest of the
      Trust or the Holders in their capacity as Holders.

     

    (c)    In
      connection with the issuance and sale of the Capital Securities, the Sponsor
      shall have the right and responsibility to assist the Trust with respect to,
      or
      effect on behalf of the Trust, the following (and any actions taken by the
      Sponsor in furtherance of the following prior to the date of this Declaration
      are hereby ratified and confirmed in all respects):

     

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

     

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

     

    (iii)    the
      negotiation of the terms of, and the execution and delivery of, the Purchase
      Agreement providing for the sale of the Capital Securities; and

     

    (iv)    the
      taking of any other actions necessary or desirable to carry out any of the
      foregoing activities.

     

    (d)    Notwithstanding
      anything herein to the contrary, the Administrators and the Holders of a
      Majority in liquidation amount of the Common Securities are authorized and
      directed to conduct the affairs of the Trust and to operate the Trust so that
      the Trust will not (i) be deemed to be an Investment Company required to be
      registered under the Investment Company Act, and (ii) fail to be classified
      as a “grantor trust” for United States federal income tax
      purposes.  The Administrators and the Holders of a Majority in
      liquidation amount of the Common Securities shall not take any action
      inconsistent with the treatment of the Debentures as indebtedness of the
      Debenture Issuer for United States federal income tax purposes.  In
      this connection, the Administrators and the Holders of a Majority in liquidation
      amount of the Common Securities are authorized to take any action, not
      inconsistent with applicable laws, the Certificate of Trust or this Declaration,
      as amended from time to time, that each of the Administrators and the Holders
      of
      a Majority in liquidation amount of the Common Securities determines in their
      discretion to be necessary or desirable for such purposes.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    (e)    All
      expenses incurred by the Administrators or the Trustees pursuant to this Section
      2.6 shall be reimbursed by the Sponsor, and the Trustees and the Administrators
      shall have no obligations with respect to such expenses (for purposes of
      clarification, this Section 2.6(e) does not contemplate the payment by the
      Sponsor of acceptance or annual administration fees owing to the Trustees under
      this Declaration or the fees and expenses of the Trustees’ counsel in connection
      with the closing of the transactions contemplated by this
      Declaration).

     

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

     

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

     

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

     

    Section
      2.7. Prohibition
      of Actions
      by the Trust and the Institutional Trustee.

     

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

     

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

     

    (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 other than loans represented by the
      Debentures;

     

    (v)    possess
      any power or otherwise act in such a way as to vary the Trust assets or the
      terms of the Securities in any way whatsoever other than as expressly provided
      herein;

     

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

     

    (vii)    carry
      on
      any “trade or business” as that phrase is used in the Code; or

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    (viii)    other
      than as provided in this Declaration (including Annex I), (A) direct
      the time, method and place of exercising any trust or power conferred upon
      the
      Debenture Trustee with respect to the Debentures, (B) waive any past
      default that is waivable under the Indenture, (C) exercise any right to
      rescind or annul any declaration that the principal of all the Debentures shall
      be due and payable, or (D) consent to any amendment, modification or
      termination of the Indenture or the Debentures where such consent shall be
      required unless the Trust shall have received a written opinion of counsel
      to
      the effect that such modification will not cause the Trust to cease to be
      classified as a “grantor trust” for United States federal income tax
      purposes.

     

    Section
      2.8. Powers
      and Duties of
      the Institutional Trustee.

     

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

     

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

     

    (c)    The
      Institutional Trustee shall:

     

    (i)    establish
      and maintain a segregated non-interest bearing trust account (the “Property Account”) in
      the name of and under the exclusive control of the Institutional Trustee, and
      maintained in the Institutional Trustee’s trust department, on behalf of the
      Holders of the Securities and, upon the receipt of payments of funds made in
      respect of the Debentures held by the Institutional Trustee, deposit such funds
      into the Property Account and make payments, or cause the Paying Agent to make
      payments, to the Holders of the Capital Securities and Holders of the Common
      Securities from the Property Account in accordance with Section
      5.1.  Funds in the Property Account shall be held uninvested until
      disbursed in accordance with this Declaration;

     

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

     

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

     

    (d)    The
      Institutional Trustee may bring or defend, pay, collect, compromise, arbitrate,
      resort to legal action with respect to, or otherwise adjust claims or demands
      of
      or against, the Trust which arises out of or in connection with an Event of
      Default of which a Responsible Officer of the Institutional Trustee has actual
      knowledge or arises out of the Institutional Trustee’s duties and obligations
      under this Declaration; provided, however,
      that if an
      Event of Default has occurred and is continuing and such event is attributable
      to the failure of the Debenture Issuer to pay interest or principal on the
      Debentures on the date such interest or principal is otherwise payable (or
      in
      the case of redemption, on the redemption date), then a Holder of the Capital
      Securities may directly institute a proceeding for enforcement of payment to
      such Holder of the principal of or interest on the Debentures having a principal
      amount equal to the aggregate liquidation amount of the Capital Securities
      of
      such Holder (a “Direct
      Action”) on or after the respective due date specified in the
      Debentures.  In connection with such Direct Action, the rights of the
      Holders of the Common Securities will be subrogated to the rights of such Holder
      of the Capital Securities to the extent of any payment made by the Debenture
      Issuer to such Holder of the Capital Securities in such Direct Action; provided, however,
      that no
      Holder of the Common Securities may exercise such right of subrogation so long
      as an Event of Default with respect to the Capital Securities has occurred
      and
      is continuing.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    (b)    The
      duties and responsibilities of the Trustees and the Administrators shall be
      as
      provided by this Declaration.  Notwithstanding the foregoing, no
      provision of this Declaration shall require any Trustee or Administrator to
      expend or risk their own funds or otherwise incur any financial liability in
      the
      performance of any of their duties hereunder, or in the exercise of any of
      their
      rights or powers if it shall have reasonable grounds to believe that repayment
      of such funds or adequate protection against such risk of liability is not
      reasonably assured to it.  Whether or not therein expressly so
      provided, every provision of this Declaration relating to the conduct or
      affecting the liability of or affording protection to the Trustees or
      Administrators shall be subject to the provisions of this
      Article.  Nothing in this Declaration shall be construed to relieve an
      Administrator or a Trustee from liability for its own negligent act, its own
      negligent failure to act, or its own willful misconduct.  To the
      extent that, at law or in equity, a Trustee or an Administrator has duties
      and
      liabilities relating to the Trust or to the Holders, such Trustee or such
      Administrator shall not be liable to the Trust or to any Holder for such
      Trustee’s or such Administrator’s good faith reliance on the provisions of this
      Declaration.  The provisions of this Declaration, to the extent that
      they restrict the duties and liabilities of the Administrators or the Trustee
      otherwise existing at law or in equity, are agreed by the Sponsor and the
      Holders to replace such other duties and liabilities of the Administrators
      or
      the Trustees.

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    (c)    All
      payments made by the Institutional Trustee or a Paying Agent in respect of
      the
      Securities shall be made only from the revenue and proceeds from the Trust
      Property and only to the extent that there shall be sufficient revenue or
      proceeds from the Trust Property to enable the Institutional Trustee or a Paying
      Agent to make payments in accordance with the terms hereof.  Each
      Holder, by its acceptance of a Security, agrees that it will look solely to
      the
      revenue and proceeds from the Trust Property to the extent legally available
      for
      distribution to it as herein provided and that the Trustees and the
      Administrators are not personally liable to it for any amount distributable
      in
      respect of any Security or for any other liability in respect of any
      Security.  This Section 2.9(c) does not limit the liability of the
      Trustees expressly set forth elsewhere in this Declaration.

     

    (d)    The
      Institutional Trustee shall not be liable for its own acts or omissions
      hereunder except as a result of its own negligent action, its own negligent
      failure to act, or its own willful misconduct, except that:

     

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

     

    (ii)    the
      Institutional Trustee shall not be liable with respect to any action taken
      or
      omitted to be taken by it in good faith in accordance with the direction of
      the
      Holders of not less than a Majority in liquidation amount of the Capital
      Securities or the Common Securities, as applicable, relating to the time, method
      and place of conducting any proceeding for any remedy available to the
      Institutional Trustee, or exercising any trust or power conferred upon the
      Institutional Trustee under this Declaration;

     

    (iii)    the
      Institutional Trustee’s sole duty with respect to the custody, safekeeping and
      physical preservation of the Debentures and the Property Account shall be to
      deal with such property in a similar manner as the Institutional Trustee deals
      with similar property for its fiduciary accounts generally, subject to the
      protections and limitations on liability afforded to the Institutional Trustee
      under this Declaration;

     

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

     

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

     

    Section
      2.10. Certain
      Rights of
      Institutional Trustee.

     

    Subject
      to the provisions of Section 2.9:

     

    (a)    the
      Institutional Trustee may conclusively rely and shall fully be protected in
      acting or refraining from acting in good faith upon any resolution, opinion
      of
      counsel, certificate, written representation of a Holder or transferee,
      certificate of auditors or any other certificate, statement, instrument,
      opinion, report, notice, request, direction, consent, order, appraisal, bond,
      debenture, note, other evidence of indebtedness or other paper or document
      believed by it to be genuine and to have been signed, sent or presented by
      the
      proper party or parties;

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

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

     

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

     

    (d)    whenever
      in the administration of this Declaration, the Institutional Trustee shall
      deem
      it desirable that a matter be proved or established before undertaking,
      suffering or omitting any action hereunder, the Institutional Trustee (unless
      other evidence is herein specifically prescribed) may request and conclusively
      rely upon an Officers’ Certificate as to factual matters which, upon receipt of
      such request, shall be promptly delivered by the Sponsor or the
      Administrators;

     

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

     

    (f)    the
      Institutional Trustee may consult with counsel of its selection (which counsel
      may be counsel to the Sponsor or any of its Affiliates) and the advice of such
      counsel shall be full and complete authorization and protection in respect
      of
      any action taken, suffered or omitted by it hereunder in good faith and in
      reliance thereon and in accordance with such advice; the Institutional Trustee
      shall have the right at any time to seek instructions concerning the
      administration of this Declaration from any court of competent
      jurisdiction;

     

    (g)    the
      Institutional Trustee shall be under no obligation to exercise any of the rights
      or powers vested in it by this Declaration at the request or direction of any
      of
      the Holders pursuant to this Declaration, unless such Holders shall have offered
      to the Institutional Trustee security or indemnity reasonably satisfactory
      to it
      against the costs, expenses and liabilities which might be incurred by it in
      compliance with such request or direction; provided, that
      nothing contained in this Section 2.10(g) shall be taken to relieve the
      Institutional Trustee, subject to Section 2.9(b), upon the occurrence of an
      Event of Default (that has not been cured or waived pursuant to
      Section 6.7), to exercise such of the rights and powers vested in it by
      this Declaration, and use the same degree of care and skill in their exercise,
      as a prudent person would exercise or use under the circumstances in the conduct
      of his or her own affairs;

     

    (h)    the
      Institutional Trustee shall not be bound to make any investigation into the
      facts or matters stated in any resolution, certificate, statement, instrument,
      opinion, report, notice, request, consent, order, approval, bond, debenture,
      note or other evidence of indebtedness or other paper or document, unless
      requested in writing to do so by one or more Holders, but the Institutional
      Trustee may make such further inquiry or investigation into such facts or
      matters as it may see fit;

     

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

     

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

     

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

     

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

     

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

     

    (m)    the
      Institutional Trustee shall not be charged with knowledge of an Event of Default
      unless a Responsible Officer of the Institutional Trustee obtains actual
      knowledge of such event or the Institutional Trustee receives written notice
      of
      such event from any Holder, the Sponsor or the Debenture Trustee;

     

    (n)    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, both of which shall be conclusively
      evidenced by the Institutional Trustee’s or its agent’s taking such action;
      and

     

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

     

    Section
      2.11. Delaware
      Trustee.  Notwithstanding
      any other provision of this Declaration other than Section 4.1, the Delaware
      Trustee shall not be entitled to exercise any powers, nor shall the Delaware
      Trustee have any of the duties and responsibilities of any of the Trustees
      or
      the Administrators described in this Declaration (except as may be required
      under the Statutory Trust Act).  Except as set forth in Section 4.1,
      the Delaware Trustee shall be a Trustee for the sole and limited purpose of
      fulfilling the requirements of § 3807 of the Statutory Trust Act.

     

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

     

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

     

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

     

    Section
      2.14. Duration
      of
      Trust.  The
      Trust, unless earlier dissolved pursuant to the provisions of Article VII
      hereof, shall be in existence for 35 years from the Closing Date.

     

    Section
      2.15. 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 2.15(b) and
      (c)
      and except in connection with the liquidation of the Trust and the distribution
      of the Debentures to Holders of Securities pursuant to Section 7.1(a)(iv) of
      the
      Declaration or Section 4 of Annex I.

     

    (b)    The
      Trust
      may, with the consent of the Institutional Trustee and without the consent
      of
      the Holders of the Capital Securities, 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 surviving entity, such successor entity (the “Successor Entity”)
      either:

     

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

     

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

     

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

     

    (iii)    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;

     

    (iv)    the
      Institutional Trustee receives written confirmation from Moody’s Investor
      Services, Inc. and any other nationally recognized statistical rating
      organization that rates securities issued by the initial purchaser of the
      Capital Securities that it will not reduce or withdraw the rating of any such
      securities because of such merger, conversion, consolidation, amalgamation
      or
      replacement;

     

    (v)    such
      Successor Entity has a purpose substantially identical to that of the
      Trust;

     

    (vi)    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;

     

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

     

    (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;

     

    (vii)    the
      Sponsor guarantees the obligations of such Successor Entity under the Successor
      Securities at least to the extent provided by the Guarantee;

     

    (viii)    the
      Sponsor owns 100% of the common securities of any Successor Entity;
      and

     

    (ix)    prior
      to
      such merger, consolidation, amalgamation or replacement, the Institutional
      Trustee shall have received an Officers’ Certificate of the Administrators and
      an opinion of counsel, each to the effect that all conditions precedent under
      this Section 2.15(b) to such transaction have been satisfied.

     

    (c)    Notwithstanding
      Section 2.15(b), the Trust shall not, except with the consent of Holders of
      100%
      in aggregate 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 such
      consolidation, amalgamation, merger or replacement would cause the Trust or
      Successor Entity to be classified as other than a grantor trust for United
      States federal income tax purposes.

     

    ARTICLE
      III

    SPONSOR

     

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

     

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

     

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

     

    (b)    to
      negotiate the terms of and/or execute on behalf of the Trust, the Purchase
      Agreement and other related agreements providing for the sale of the Capital
      Securities.

     

    Section
      3.3. Expenses.  In
      connection with the offering, sale and issuance of the Debentures to the Trust
      and in connection with the sale of the Securities by the Trust, the Sponsor,
      in
      its capacity as Debenture Issuer, shall:

     

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

     

    (a)    pay
      all
      reasonable costs and expenses owing to the Debenture Trustee pursuant to
      Section 6.6 of the Indenture;

     

    (b)    be
      responsible for and shall pay all debts and obligations (other than with respect
      to the Securities) and all costs and expenses of the Trust, the offering, sale
      and issuance of the Securities (including fees to the placement agents in
      connection therewith), the costs and expenses (including reasonable counsel
      fees
      and expenses) of the Institutional Trustee and the Administrators, the costs
      and
      expenses relating to the operation of the Trust, including, without limitation,
      costs and expenses of accountants, attorneys, statistical or bookkeeping
      services, expenses for printing and engraving and computing or accounting
      equipment, Paying Agents, Registrars, Transfer Agents, duplicating, travel
      and
      telephone and other telecommunications expenses and costs and expenses incurred
      in connection with the acquisition, financing, and disposition of Trust assets
      and the enforcement by the Institutional Trustee of the rights of the Holders
      (for purposes of clarification, this Section 3.3(b) does not contemplate the
      payment by the Sponsor of acceptance or annual administration fees owing to
      the
      Trustees pursuant to the services to be provided by the Trustees under this
      Declaration or the fees and expenses of the Trustees’ counsel in connection with
      the closing of the transactions contemplated by this Declaration);
      and

     

    (c)    pay
      any
      and all taxes (other than United States withholding taxes attributable to the
      Trust or its assets) and all liabilities, costs and expenses with respect to
      such taxes of the Trust.

     

    The
      Sponsor’s obligations under this Section 3.3 shall be for the benefit of,
      and shall be enforceable by, any Person to whom such debts, obligations, costs,
      expenses and taxes are owed (a “Creditor”) whether
      or
      not such Creditor has received notice hereof.  Any such Creditor may
      enforce the Sponsor’s obligations under this Section 3.3 directly against
      the Sponsor and the Sponsor irrevocably waives any right or remedy to require
      that any such Creditor take any action against the Trust or any other Person
      before proceeding against the Sponsor.  The Sponsor agrees to execute
      such additional agreements as may be necessary or desirable in order to give
      full effect to the provisions of this Section 3.3.

     

    Section
      3.4. Right
      to
      Proceed.  The
      Sponsor acknowledges the rights of Holders to institute a Direct Action as
      set
      forth in Section 2.8(d) hereto.

     

    ARTICLE
      IV

    INSTITUTIONAL
      TRUSTEE AND ADMINISTRATORS

     

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

     

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

     

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

     

    Section
      4.2.  Delaware
      Trustee; Eligibility.

     

    (a)    If
      required by the Statutory Trust Act, one Trustee (the “Delaware Trustee”) shall
      be:

     

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

     

    (i)    a
      natural
      person at least 21 years of age who is a resident of the State of Delaware;
      or

     

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

     

    (b)    The
      initial Delaware Trustee shall be Wilmington Trust Company.

     

    Section
      4.3. Institutional
      Trustee;
      Eligibility.

     

    (a)    There
      shall at all times be one Trustee which shall:

     

    (i)    not
      be an
      Affiliate of the Sponsor;

     

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

     

    (iii)    be
      a
      banking corporation or trust company organized and doing business under the
      laws
      of the United States of America or any state thereof or the District of
      Columbia, authorized under such laws to exercise corporate trust powers, having
      a combined capital and surplus of at least 50 million U.S. dollars
      ($50,000,000.00), and subject to supervision or examination by Federal, state,
      or District of Columbia authority.  If such corporation publishes
      reports of condition at least annually, pursuant to law or to the requirements
      of the supervising or examining authority referred to above, then for the
      purposes of this Section 4.3(a)(iii), the combined capital and surplus of such
      corporation shall be deemed to be its combined capital and surplus as set forth
      in its most recent report of condition so published.

     

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

     

    (c)    If
      the
      Institutional Trustee has or shall acquire any “conflicting interest” within the
      meaning of Section 310(b) of the Trust Indenture Act of 1939, as amended, the
      Institutional Trustee shall either eliminate such interest or resign, to the
      extent and in the manner provided by, and subject to this
      Declaration.

     

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

     

    Section
      4.4. Administrators.  Each
      Administrator shall be a U.S. Person, 21 years of age or older and authorized
      to
      bind the Sponsor.  The initial Administrators shall be Alan Lane and
      Michael McCall.  There shall at all times be at least one
      Administrator.  Except where a requirement for action by a specific
      number of Administrators is expressly set forth in this Declaration and except
      with respect to any action the taking of which is the subject of a meeting
      of
      the Administrators, any action required or permitted to be taken by the
      Administrators may be taken by, and any power of the Administrators may be
      exercised by, or with the consent of, any one such Administrator.

     

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

     

    (a)    No
      resignation or removal of any Trustee (the “Relevant Trustee”) and no
      appointment of a successor Trustee pursuant to this Article shall become
      effective until the acceptance of appointment by the successor Trustee in
      accordance with the applicable requirements of this Section 4.5.

     

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

     

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

     

    (c)    Unless
      an
      Event of Default shall have occurred and be continuing, any Trustee may be
      removed at any time by an act of the Holders of a Majority in liquidation amount
      of the Common Securities.  If any Trustee shall be so removed, the
      Holders of the Common Securities, by act of the Holders of a Majority in
      liquidation amount of the Common Securities delivered to the Relevant Trustee,
      shall promptly appoint a successor Relevant Trustee, and such successor Trustee
      shall comply with the applicable requirements of this Section 4.5.  If
      an Event of Default shall have occurred and be continuing, the Institutional
      Trustee or the Delaware Trustee, or both of them, may be removed by the act
      of
      the Holders of a Majority in liquidation amount of the Capital Securities,
      delivered to the Relevant Trustee (in its individual capacity and on behalf
      of
      the Trust).  If any Trustee shall be so removed, the Holders of
      Capital Securities, by act of the Holders of a Majority in liquidation amount
      of
      the Capital Securities then outstanding delivered to the Relevant Trustee,
      shall
      promptly appoint a successor Relevant Trustee or Trustees, and such successor
      Trustee shall comply with the applicable requirements of this Section
      4.5.  If no successor Relevant Trustee shall have been so appointed by
      the Holders of a Majority in liquidation amount of the Capital Securities and
      accepted appointment in the manner required by this Section 4.5 within 30 days
      after delivery of an instrument of removal, the Relevant Trustee or any Holder
      who has been a Holder of the Securities for at least six months may, on behalf
      of himself and all others similarly situated, petition any federal, state or
      District of Columbia court of competent jurisdiction for the appointment of
      a
      successor Relevant Trustee.  Such court may thereupon, after
      prescribing such notice, if any, as it may deem proper, appoint a successor
      Relevant Trustee or Trustees.

     

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

     

    (e)    Notwithstanding
      the foregoing or any other provision of this Declaration, in the event a
      Delaware Trustee who is a natural person dies or is adjudged by a court to
      have
      become incompetent or incapacitated, the vacancy created by such death,
      incompetence or incapacity may be filled by the Institutional Trustee following
      the procedures in this Section 4.5 (with the successor being a Person who
      satisfies the eligibility requirement for a Delaware Trustee set forth in this
      Declaration) (the “Successor Delaware Trustee”).

     

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

     

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

     

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

     

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

     

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

     

    Section
      4.6. Vacancies
      Among Trustees.  If
      a
      Trustee ceases to hold office for any reason and the number of Trustees is
      not
      reduced pursuant to Section 4.1, a vacancy shall occur.  A resolution
      certifying the existence of such vacancy by the Trustees or, if there are more
      than two, a majority of the Trustees, shall be conclusive evidence of the
      existence of such vacancy.  The vacancy shall be filled with a Trustee
      appointed in accordance with Section 4.5.

     

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

     

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

     

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

     

    Section
      4.9. Delegation
      of
      Power.

     

    (a)    Any
      Administrator may, by power of attorney consistent with applicable law, delegate
      to any other natural person over the age of 21 that is a U.S. Person his or
      her
      power for the purpose of executing any documents contemplated in Section 2.6;
      and

     

    (b)    the
      Administrators shall have power to delegate from time to time to such of their
      number the doing of such things and the execution of such instruments either
      in
      the name of the Trust or the names of the Administrators or otherwise as the
      Administrators 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
      4.10. Conversion,
      Consolidation or Succession to Business.  Any
      Person into which the Institutional Trustee or the Delaware Trustee may be
      merged or converted or with which it may be consolidated, or any Person
      resulting from any merger, conversion or consolidation to which the
      Institutional Trustee or the Delaware Trustee shall be a party, or any Person
      succeeding to all or substantially all the corporate trust business of the
      Institutional Trustee or the Delaware Trustee shall be the successor of the
      Institutional Trustee or the Delaware Trustee hereunder, provided such Person
      shall be otherwise qualified and eligible under this Article and, provided, further,
      that such
      Person shall file an amendment to the Certificate of Trust with the Secretary
      of
      State of the State of Delaware as contemplated in Section 4.5(i).

     

    ARTICLE
      V

    DISTRIBUTIONS

     

    Section
      5.1. Distributions.  Holders
      shall receive Distributions in accordance with the applicable terms of the
      relevant Holder’s Securities. Distributions shall be made on the Capital
      Securities and the Common Securities in accordance with the preferences set
      forth in their respective terms.  If and to the extent that the
      Debenture Issuer makes a payment of Interest or any principal on the Debentures
      held by the Institutional Trustee, the Institutional Trustee shall and is
      directed, to the extent funds are available for that purpose, to make a
      distribution (a “Distribution”) of
      such amounts to Holders.

     

    ARTICLE
      VI

    ISSUANCE
      OF SECURITIES

     

    Section
      6.1. General
      Provisions
      Regarding Securities.

     

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

     

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

     

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

     

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

     

    (d)    Upon
      issuance of the Securities as provided in this Declaration, the Securities
      so
      issued shall be deemed to be validly issued, fully paid and, except as provided
      in Section 9.1(b) with respect to the Common Securities,
      non-assessable.

     

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

     

    Section
      6.2. Paying
      Agent, Transfer
      Agent and Registrar.  The
      Trust
      shall maintain in Wilmington, Delaware, an office or agency where the Capital
      Securities may be presented for payment (“Paying Agent”), and
      an office or agency where Securities may be presented for registration of
      transfer or exchange (the “Transfer
      Agent”).  The Trust shall keep or cause to be kept at such
      office or agency a register for the purpose of registering Securities, transfers
      and exchanges of Securities, such register to be held by a registrar (the “Registrar”).  The
      Administrators may appoint the Paying Agent, the Registrar and the Transfer
      Agent and may appoint one or more additional Paying Agents or one or more
      co-Registrars, or one or more co-Transfer Agents in such other locations as
      it
      shall determine.  The term “Paying Agent”
includes
      any additional paying agent, the term “Registrar” includes
      any additional registrar or co-Registrar and the term “Transfer Agent”
includes
      any additional transfer agent.  The Administrators may change
      any Paying Agent, Transfer Agent or Registrar at any time without prior notice
      to any Holder.  The Administrators shall notify the Institutional
      Trustee of the name and address of any Paying Agent, Transfer Agent and
      Registrar not a party to this Declaration.  The Administrators hereby
      initially appoint the Institutional Trustee to act as Paying Agent, Transfer
      Agent and Registrar for the Capital Securities and the Common
      Securities.  The Institutional Trustee or any of its Affiliates in the
      United States may act as Paying Agent, Transfer Agent or Registrar.

     

    Section
      6.3. Form
      and
      Dating.  The
      Capital Securities and the Institutional Trustee’s certificate of authentication
      thereon shall be substantially in the form of Exhibit A-1, and the Common
      Securities shall be substantially in the form of Exhibit A-2, each of which
      is hereby incorporated in and expressly made a part of this
      Declaration.  Certificates may be typed, printed, lithographed or
      engraved or may be produced in any other manner as is reasonably acceptable
      to
      the Administrators, as conclusively evidenced by their execution
      thereof.  The Securities may have letters, numbers, notations or other
      marks of identification or designation and such legends or endorsements required
      by law, stock exchange rule, agreements to which the Trust is subject if any,
      or
      usage (provided that any such notation, legend or endorsement is in a form
      acceptable to the Sponsor).  The Trust at the direction of the Sponsor
      shall furnish any such legend not contained in Exhibit A-1 to the
      Institutional Trustee in writing.  Each Capital Security shall be
      dated on or before the date of its authentication.  The terms and
      provisions of the Securities set forth in Annex I and the forms of Securities
      set forth in Exhibits A-1 and A-2 are part of the terms of this Declaration
      and to the extent applicable, the Institutional Trustee, the Delaware Trustee,
      the Administrators and the Sponsor, by their execution and delivery of this
      Declaration, expressly agree to such terms and provisions and to be bound
      thereby.  Capital Securities will be issued only in blocks having a
      stated liquidation amount of not less than $100,000.00 and any multiple of
      $1.00
      in excess thereof.

     

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

     

    The
      Capital Securities are being offered and sold by the Trust pursuant to the
      Purchase Agreement in definitive, registered form without coupons and with
      the
      Restricted Securities Legend.

     

    Section
      6.4. Mutilated,
      Destroyed,
      Lost or Stolen Certificates.

     

    If:

     

    (a)    any
      mutilated Certificates should be surrendered to the Registrar, or if the
      Registrar shall receive evidence to its satisfaction of the destruction, loss
      or
      theft of any Certificate; and

     

    (b)    there
      shall be delivered to the Registrar, the Administrators and the Institutional
      Trustee 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
      protected purchaser, an Administrator on behalf of the Trust shall execute
      (and
      in the case of a Capital Security Certificate, the Institutional Trustee shall
      authenticate) and deliver, 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 6.4, the Registrar or the Administrators 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.

     

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

     

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

     

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

     

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

     

    (a)    The
      legal
      title to the Trust Property is vested exclusively in the Institutional Trustee
      (in its capacity as such) in accordance with Section 2.5, and the Holders shall
      not have any right or title therein other than the undivided beneficial interest
      in the assets of the Trust conferred by their Securities and they shall have
      no
      right to call for any partition or division of property, profits or rights
      of
      the Trust except as described below.  The Securities shall be personal
      property giving only the rights specifically set forth therein and in this
      Declaration.  The Securities shall have no preemptive or similar
      rights.

     

    (b)    For
      so
      long as any Capital Securities remain outstanding, if upon an Acceleration
      Event
      of Default, the Debenture Trustee fails or the holders of not less than 25%
      in
      principal amount of the outstanding Debentures fail to declare the principal
      of
      all of the Debentures to be immediately due and payable, the Holders of a
      Majority in liquidation amount of the Capital Securities then outstanding shall
      have the right to make such declaration by a notice in writing to the
      Institutional Trustee, the Sponsor and the Debenture Trustee.

     

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

     

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

     

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

     

    (B)    any
      accrued Additional Interest on all of the Debentures,

     

    (C)    the
      principal of (and premium, if any, on) any Debentures that have become due
      otherwise than by such declaration of acceleration and interest and Additional
      Interest thereon at the rate borne by the Debentures, and

     

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

     

    (ii)    all
      Events of Default with respect to the Debentures, other than the non-payment
      of
      the principal of the Debentures that has become due solely by such acceleration,
      have been cured or waived as provided in Section 5.7 of the
      Indenture.

     

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

     

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

     

    Upon
      receipt by the Institutional Trustee of written notice declaring such an
      acceleration, or rescission and annulment thereof, by Holders of any part of
      the
      Capital Securities, a record date shall be established for determining Holders
      of outstanding Capital Securities entitled to join in such notice, which record
      date shall be at the close of business on the day the Institutional Trustee
      receives such notice.  The Holders on such record date, or their duly
      designated proxies, and only such Persons, shall be entitled to join in such
      notice, whether or not such Holders remain Holders after such record date;
provided, that unless
      such declaration of acceleration, or rescission and annulment, as the case
      may
      be, shall have become effective by virtue of the requisite percentage having
      joined in such notice prior to the day that is 90 days after such record
      date, such notice of declaration of acceleration, or rescission and annulment,
      as the case may be, shall automatically and without further action by any Holder
      be canceled and of no further effect.  Nothing in this paragraph shall
      prevent a Holder, or a proxy of a Holder, from giving, after expiration of
      such
      90-day period, a new written notice of declaration of acceleration, or
      rescission and annulment thereof, as the case may be, that is identical to
      a
      written notice that has been canceled pursuant to the proviso to the preceding
      sentence, in which event a new record date shall be established pursuant to
      the
      provisions of this Section 6.7.

     

    (c)    Except
      as
      otherwise provided in paragraphs (a) and (b) of this Section 6.7, the
      Holders of at least a Majority in liquidation amount of the Capital Securities
      may, on behalf of the Holders of all the Capital Securities, waive any past
      default or Event of Default and its consequences.  Upon such waiver,
      any such default or Event of Default shall cease to exist, and any default
      or
      Event of Default arising therefrom shall be deemed to have been cured, for
      every
      purpose of this Declaration, but no such waiver shall extend to any subsequent
      or other default or Event of Default or impair any right consequent
      thereon.

     

    ARTICLE
      VII

    DISSOLUTION
      AND TERMINATION OF TRUST

     

    Section
      7.1. Dissolution
      and
      Termination of Trust.

     

    (a)    The
      Trust
      shall dissolve on the first to occur of:

     

    (i)    unless
      earlier dissolved, on January 31, 2043, the expiration of the term of the
      Trust;

     

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

     

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

     

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

     

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

     

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

     

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

     

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

     

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

     

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

     

    ARTICLE
      VIII

    TRANSFER
      OF INTERESTS

     

    Section
      8.1. General.

     

    (a)    Subject
      to Section 8.1(c), where Capital Securities are presented to the Registrar
      or a
      co-registrar with a request to register a transfer or to exchange them for
      an
      equal number of Capital Securities represented by different certificates, the
      Registrar shall register the transfer or make the exchange if its requirements
      for such transactions are met.  To permit registrations of transfer
      and exchanges, the Trust shall issue and the Institutional Trustee shall
      authenticate Capital Securities at the Registrar’s request.

     

    (b)    Upon
      issuance of the Common Securities, the Sponsor shall acquire and retain
      beneficial and record ownership of the Common Securities and for so long as
      the
      Securities remain outstanding, and to the fullest extent permitted by applicable
      law, the Sponsor shall maintain 100% ownership of the Common Securities; provided, however,
      that any
      permitted successor of the Sponsor, in its capacity as Debenture Issuer, under
      the Indenture that is a U.S. Person may succeed to the Sponsor’s ownership of
      the Common Securities.

     

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

     

    (d)    The
      Registrar shall provide for the registration of Securities and of transfers
      of
      Securities, which will be effected without charge but only upon payment (with
      such indemnity as the Registrar may require) in respect of any tax or other
      governmental charges that may be imposed in relation to it.  Upon
      surrender for registration of transfer of any Securities, the Registrar shall
      cause one or more new Securities of the same tenor to be issued in the name
      of
      the designated transferee or transferees.  Every Security 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 Security
      surrendered for registration of transfer shall be canceled by the Institutional
      Trustee pursuant to Section 6.6.  A transferee of a Security shall be
      entitled to the rights and subject to the obligations of a Holder hereunder
      upon
      the receipt by such transferee of a Security.  By acceptance of a
      Security, each transferee shall be deemed to have agreed to be bound by this
      Declaration.

     

    
      
         

      

      
        28

        
          

        

      

      
         

      

    

     

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

     

    Section
      8.2. Transfer
      Procedures
      and Restrictions.

     

    (a)    The
      Capital Securities shall bear the Restricted Securities Legend, which shall
      not
      be removed unless there is delivered to the Trust such satisfactory evidence,
      which may include an opinion of counsel satisfactory to the Institutional
      Trustee, as may be reasonably required by the Trust, that neither the legend
      nor
      the restrictions on transfer set forth therein are required to ensure that
      transfers thereof comply with the provisions of the Securities
      Act.  Upon provision of such satisfactory evidence, the Institutional
      Trustee, at the written direction of the Trust, shall authenticate and deliver
      Capital Securities that do not bear the legend.

     

    (b)    Except
      as
      permitted by Section 8.2(a), each Capital Security shall bear a legend (the
      “Restricted Securities
      Legend”) in substantially the following form and a Capital Security shall
      not be transferred except in compliance with such legend, unless otherwise
      determined by the Sponsor, upon the advice of counsel expert in securities
      law,
      in accordance with applicable law:

     

    THIS
      SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE “SECURITIES ACT”), ANY STATE SECURITIES LAWS OR ANY OTHER APPLICABLE
      SECURITIES LAW.  NEITHER THIS SECURITY NOR ANY INTEREST OR
      PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
      ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR
      UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES
      LAWS.  THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES TO
      OFFER, SELL OR OTHERWISE TRANSFER THIS SECURITY ONLY (A) TO THE SPONSOR OR
      THE TRUST, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED
      EFFECTIVE UNDER THE SECURITIES ACT, (C) TO A PERSON WHOM THE SELLER
      REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING
      THE REQUIREMENTS OF RULE 144A SO LONG AS THIS SECURITY IS ELIGIBLE FOR
      RESALE PURSUANT TO RULE 144A IN ACCORDANCE WITH RULE 144A, (D) TO
      A NON-U.S. PERSON IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR
      RULE 904 (AS APPLICABLE) OF REGULATION S UNDER THE SECURITIES ACT,
      (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF
      SUBPARAGRAPH (A) OF RULE 501 UNDER THE SECURITIES ACT THAT IS
      ACQUIRING THIS CAPITAL SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF
      SUCH
      AN INSTITUTIONAL ACCREDITED INVESTOR, FOR INVESTMENT PURPOSES AND NOT WITH
      A
      VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION
      OF THE SECURITIES ACT, OR (F) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION
      FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE
      SPONSOR’S AND THE TRUST’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER TO
      REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
      INFORMATION SATISFACTORY TO EACH OF THEM IN ACCORDANCE WITH THE DECLARATION
      OF
      TRUST, A COPY OF WHICH MAY BE OBTAINED FROM THE SPONSOR OR THE
      TRUST.  HEDGING TRANSACTIONS INVOLVING THIS SECURITY MAY NOT BE
      CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.

     

    
      
         

      

      
        29

        
          

        

      

      
         

      

    

     

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

     

    THIS
      SECURITY WILL BE ISSUED AND MAY BE TRANSFERRED ONLY IN BLOCKS HAVING A
      LIQUIDATION AMOUNT OF NOT LESS THAN $100,000.00 (100,000 SECURITIES) AND
      MULTIPLES OF $1.00 IN EXCESS THEREOF.  ANY ATTEMPTED TRANSFER OF
      SECURITIES IN A BLOCK HAVING A LIQUIDATION AMOUNT OF LESS THAN $100,000.00
      SHALL
      BE DEEMED TO BE VOID AND OF NO LEGAL EFFECT WHATSOEVER.

     

    THE
      HOLDER OF THIS SECURITY AGREES THAT IT WILL COMPLY WITH THE FOREGOING
      RESTRICTIONS.

     

    (c)    To
      permit
      registrations of transfers and exchanges, the Trust shall execute and the
      Institutional Trustee shall authenticate Capital Securities at the Registrar’s
      request.

     

    
      
         

      

      
        30

        
          

        

      

      
         

      

    

     

    (d)    Registrations
      of transfers or exchanges will be effected without charge, but only upon payment
      (with such indemnity as the Registrar or the Sponsor may require) in respect
      of
      any tax or other governmental charge that may be imposed in relation to
      it.

     

    (e)    All
      Capital Securities issued upon any registration of transfer or exchange pursuant
      to the terms of this Declaration shall evidence the same security and shall
      be
      entitled to the same benefits under this Declaration as the Capital Securities
      surrendered upon such registration of transfer or exchange.

     

    Section
      8.3. Deemed
      Security
      Holders.  The
      Trust, the Administrators, the Trustees, the Paying Agent, the Transfer Agent
      or
      the Registrar may treat the Person in whose name any 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, the
      Administrators, the Trustees, the Paying Agent, the Transfer Agent or the
      Registrar shall have actual or other notice thereof.

     

    ARTICLE
      IX

    LIMITATION
      OF LIABILITY OF

    HOLDERS
      OF SECURITIES, INSTITUTIONAL TRUSTEE OR OTHERS

     

    Section
      9.1. Liability.

     

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

     

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

     

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

     

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

     

    (c)    Pursuant
      to the Statutory Trust Act, the Holders of the Capital 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
      9.2. Exculpation.

     

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

     

    
      
         

      

      
        31

        
          

        

      

      
         

      

    

     

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

     

    Section
      9.3. Fiduciary
      Duty.

     

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

     

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

     

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

     

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

     

    Section
      9.4. Indemnification.

     

    (a)    The
      Sponsor shall indemnify, to the full extent permitted by law, any Indemnified
      Person who was or is a party or is threatened to be made a party to any
      threatened, pending or completed action, suit or proceeding, whether civil,
      criminal, administrative or investigative (other than an action by or in the
      right of the Trust) arising out of or in connection with the acceptance or
      administration of this Declaration by reason of the fact that he is or was
      an
      Indemnified Person against expenses (including reasonable attorneys’ fees and
      expenses), 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 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.

     

    (b)    The
      Sponsor shall indemnify, to the full extent permitted by law, any Indemnified
      Person who was or is a party or is threatened to be made a party to any
      threatened, pending or completed action or suit by or in the right of the Trust
      to procure a judgment in its favor arising out of or in connection with the
      acceptance or administration of this Declaration by reason of the fact that
      he
      is or was an Indemnified Person against expenses (including reasonable
      attorneys’ fees and expenses) 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; provided, however,
      that no such
      indemnification shall be made in respect of any claim, issue or matter as to
      which such Indemnified Person shall have been adjudged to be liable to the
      Trust
      unless and only to the extent that the court 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
      shall deem proper.

     

    
      
         

      

      
        32

        
          

        

      

      
         

      

    

     

    (c)    To
      the
      extent that an Indemnified Person shall be successful on the merits or otherwise
      (including dismissal of an action without prejudice or the settlement of an
      action without admission of liability) in defense of any action, suit or
      proceeding referred to in paragraphs (a) and (b) of this Section 9.4, 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 and
      expenses) actually and reasonably incurred by him in connection
      therewith.

     

    (d)    Any
      indemnification of an Administrator under paragraphs (a) and (b) of this
      Section 9.4 (unless ordered by a court) shall be made by the Sponsor only as
      authorized in the specific case upon a determination that indemnification of
      the
      Indemnified Person is proper in the circumstances because he has met the
      applicable standard of conduct set forth in paragraphs (a) and
      (b).  Such determination shall be made (i) by the Administrators
      by a majority vote of a Quorum consisting of such Administrators who were not
      parties to such action, suit or proceeding, (ii) if such a Quorum is not
      obtainable, or, even if obtainable, if a Quorum of disinterested Administrators
      so directs, by independent legal counsel in a written opinion, or (iii) by
      the Common Security Holder of the Trust.

     

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

     

    (f)    The
      Trustees, at the sole cost and expense of the Sponsor, retain the right to
      representation by counsel of their own choosing in any action, suit or any
      other
      proceeding for which they are indemnified under paragraphs (a) and (b) of
      this Section 9.4, without affecting their right to indemnification hereunder
      or
      waiving any rights afforded to it under this Declaration or applicable
      law.

     

    (g)    The
      indemnification and advancement of expenses provided by, or granted pursuant
      to,
      the other paragraphs of this Section 9.4 shall not be deemed exclusive of any
      other rights to which those seeking indemnification and advancement of expenses
      may be entitled under any agreement, vote of stockholders or disinterested
      directors of the Sponsor or Capital Security Holders of the Trust or otherwise,
      both as to action in his official capacity and as to action in another capacity
      while holding such office.  All rights to indemnification under this
      Section 9.4 shall be deemed to be provided by a contract between the
      Sponsor and each Indemnified Person who serves in such capacity at any time
      while this Section 9.4 is in effect.  Any repeal or modification of
      this Section 9.4 shall not affect any rights or obligations then
      existing.

     

    
      
         

      

      
        33

        
          

        

      

      
         

      

    

     

    (h)    The
      Sponsor or the Trust may purchase and maintain insurance on behalf of any Person
      who is or was an Indemnified Person against any liability asserted against
      him
      and incurred by him in any such capacity, or arising out of his status as such,
      whether or not the Sponsor would have the power to indemnify him against such
      liability under the provisions of this Section 9.4.

     

    (i)    For
      purposes of this Section 9.4, references to “the Trust” shall include, in
      addition to the resulting or surviving entity, any constituent entity (including
      any constituent of a constituent) absorbed in a consolidation or merger, so
      that
      any Person who is or was a director, trustee, officer or employee of such
      constituent entity, or is or was serving at the request of such constituent
      entity as a director, trustee, officer, employee or agent of another entity,
      shall stand in the same position under the provisions of this Section 9.4 with
      respect to the resulting or surviving entity as he would have with respect
      to
      such constituent entity if its separate existence had continued.

     

    (j)    The
      indemnification and advancement of expenses provided by, or granted pursuant
      to,
      this Section 9.4 shall, unless otherwise provided when authorized or ratified,
      (i) continue as to a Person who has ceased to be an Indemnified Person and
      shall inure to the benefit of the heirs, executors and administrators of such
      a
      Person; and (ii) survive the termination or expiration of this Declaration
      or the earlier removal or resignation of an Indemnified Person.

     

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

     

    Section
      9.6. Compensation;
      Fee.  The
      Sponsor agrees:

     

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

     

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

     

    
      
         

      

      
        34

        
          

        

      

      
         

      

    

     

    For
      purposes of clarification, this Section 9.6 does not contemplate the
      payment by the Sponsor of acceptance or annual administration fees owing to
      the
      Trustees under this Declaration or the fees and expenses of the Trustees’
counsel in connection with the closing of the transactions contemplated by
      this
      Declaration.

     

    The
      provisions of this Section 9.6 shall survive the dissolution of the Trust and
      the termination of this Declaration and the removal or resignation of any
      Trustee.

     

    No
      Trustee may claim any lien or charge on any property of the Trust as a result
      of
      any amount due pursuant to this Section 9.6.

     

    ARTICLE
      X

    ACCOUNTING

     

    Section
      10.1. 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
      10.2. Certain
      Accounting
      Matters.

     

    (a)    At
      all
      times during the existence of the Trust, the Administrators shall keep, or
      cause
      to be kept at the principal office of the Trust in the United States, as defined
      for purposes of Treasury Regulations section 301.7701-7, full books of account,
      records and supporting documents, which shall reflect in reasonable detail
      each
      transaction of the Trust.  The books of account shall be maintained,
      at the Sponsor’s expense, in accordance with generally accepted accounting
      principles, consistently applied.  The books of account and the
      records of the Trust shall be examined by and reported upon (either separately
      or as part of the Sponsor’s regularly prepared consolidated financial report) as
      of the end of each Fiscal Year of the Trust by a firm of independent certified
      public accountants selected by the Administrators.

     

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

     

    (c)    The
      Administrators, at the Sponsor’s expense, shall cause to be duly prepared at the
      principal office of the Sponsor in the United States, as ‘United States’ is
      defined in Section 7701(a)(9) of the Code (or at the principal office of
      the Trust if the Sponsor has no such principal office in the United States),
      and
      filed 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 Administrators on behalf
      of the Trust with any state or local taxing authority.

     

    Section
      10.3. Banking. 
      The
      Trust
      shall maintain in the United States, as defined for purposes of Treasury
      Regulations section 301.7701-7, 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 Debentures held by the Institutional Trustee
      shall be made directly to the Property Account and no other funds of the Trust
      shall be deposited in the Property Account.  The sole signatories for
      such accounts (including the Property Account) shall be designated by the
      Institutional Trustee.

     

    
      
         

      

      
        35

        
          

        

      

      
         

      

    

     

    Section
      10.4. Withholding.  The
      Institutional Trustee or any Paying Agent and the Administrators shall comply
      with all withholding requirements under United States federal, state and local
      law.  The Institutional Trustee or any Paying Agent shall request, and
      each Holder shall provide to the Institutional Trustee or any Paying Agent,
      such
      forms or certificates as are necessary to establish an exemption from
      withholding with respect to the Holder, and any representations and forms as
      shall reasonably be requested by the Institutional Trustee or any Paying Agent
      to assist it in determining the extent of, and in fulfilling, its withholding
      obligations.  The Administrators shall file required forms with
      applicable jurisdictions and, unless an exemption from withholding is properly
      established by a Holder, shall remit amounts withheld with respect to the Holder
      to applicable jurisdictions.  To the extent that the Institutional
      Trustee or any Paying Agent is required to withhold and pay over any amounts
      to
      any authority with respect to distributions or allocations to any Holder, the
      amount withheld shall be deemed to be a Distribution 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 Institutional Trustee or any Paying Agent
      may reduce subsequent Distributions by the amount of such
      withholding.

     

    ARTICLE
      XI

    AMENDMENTS
      AND MEETINGS

     

    Section
      11.1. Amendments.

     

    (a)    Except
      as
      otherwise provided in this Declaration or by any applicable terms of the
      Securities, this Declaration may only be amended by a written instrument
      approved and executed (i) by the Institutional Trustee, or (ii) if the
      amendment affects the rights, powers, duties, obligations or immunities of
      the
      Delaware Trustee, by the Delaware Trustee.

     

    (b)    Notwithstanding
      any other provision of this Article XI, an amendment may be made, and any
      such purported amendment shall be valid and effective only if:

     

    (i)    the
      Institutional Trustee shall have first received

     

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

     

    (B)    an
      opinion of counsel (who may be counsel to the Sponsor or the Trust) that such
      amendment is permitted by, and conforms to, the terms of this Declaration
      (including the terms of the Securities); and

     

    (ii)    the
      result of such amendment would not be to

     

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

     

    (B)    cause
      the
      Trust to be deemed to be an Investment Company required to be registered under
      the Investment Company Act.

     

    
      
         

      

      
        36

        
          

        

      

      
         

      

    

     

    (c)    Except
      as
      provided in Section 11.1(d), (e) or (h), no amendment shall be made, and any
      such purported amendment shall be void and ineffective, unless the Holders
      of a
      Majority in liquidation amount of the Capital Securities shall have consented
      to
      such amendment.

     

    (d)    In
      addition to and notwithstanding any other provision in this Declaration, without
      the consent of each affected Holder, this Declaration may not be amended to
      (i) change the amount or timing of any Distribution on the Securities or
      otherwise adversely affect the amount of any Distribution required to be made
      in
      respect of the Securities as of a specified date or change any conversion or
      exchange provisions or (ii) restrict the right of a Holder to institute
      suit for the enforcement of any such payment on or after such date.

     

    (e)    Sections 9.1(b)
      and 9.1(c) and this Section 11.1 shall not be amended without the consent of
      all
      of the Holders of the Securities.

     

    (f)    Article III
      shall not be amended without the consent of the Holders of a Majority in
      liquidation amount of the Common Securities.

     

    (g)    The
      rights of the Holders of the Capital Securities under Article IV to appoint
      and remove Trustees shall not be amended without the consent of the Holders
      of a
      Majority in liquidation amount of the Capital Securities.

     

    (h)    This
      Declaration may be amended by the Institutional Trustee and the Holders of
      a
      Majority in liquidation amount of the Common Securities without the consent
      of
      the Holders of the Capital Securities to:

     

    (i)    cure
      any
      ambiguity;

     

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

     

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

     

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

     

    provided,
however,
      that no such
      modification, elimination or addition referred to in clauses (i), (ii),
      (iii) or (iv) shall adversely affect in any material respect the powers,
      preferences or special rights of Holders of Capital Securities.

     

    Section
      11.2. 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
      Administrators (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 or the terms of the
      Securities.  The Administrators shall call a meeting of the Holders of
      such class if directed to do so by the Holders of at least 10% in liquidation
      amount of such class of Securities.  Such direction shall be given by
      delivering to the Administrators one or more calls in a writing stating that
      the
      signing Holders of the Securities wish to call a meeting and indicating the
      general or specific purpose for which the meeting is to be
      called.  Any Holders of the Securities calling a meeting shall specify
      in writing the Certificates held by the Holders of the Securities exercising
      the
      right to call a meeting and only those Securities represented by such
      Certificates shall be counted for purposes of determining whether the required
      percentage set forth in the second sentence of this paragraph has been
      met.

     

    
      
         

      

      
        37

        
          

        

      

      
         

      

    

     

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

     

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

     

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

     

    (iii)    unless
      the Statutory Trust Act, this Declaration, or the terms of the Securities
      otherwise provides, the Administrators, 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 the Securities, waiver of any such
      notice, action by consent without a meeting, the establishment of a record
      date,
      quorum requirements, voting in person or by proxy or any other matter with
      respect to the exercise of any such right to vote; provided, however,
      that each
      meeting shall be conducted in the United States (as that term is defined in
      Treasury Regulations section 301.7701-7).

     

    ARTICLE
      XII

    REPRESENTATIONS
      OF INSTITUTIONAL TRUSTEE AND THE DELAWARE TRUSTEE

     

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

     

    
      
         

      

      
        38

        
          

        

      

      
         

      

    

     

    (a)    the
      Institutional Trustee is a Delaware banking corporation with trust powers,
      duly
      organized and validly existing under the laws of the State of Delaware with
      trust power and authority to execute and deliver, and to carry out and perform
      its obligations under the terms of, this Declaration;

     

    (b)    the
      execution, delivery and performance by the Institutional Trustee of this
      Declaration has been duly authorized by all necessary corporate action on the
      part of the Institutional Trustee.  This Declaration 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 generally and to general principles of equity (regardless of
      whether considered in a proceeding in equity or at law);

     

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

     

    (d)    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 this Declaration.

     

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

     

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

     

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

     

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

     

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

     

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

     

    
      
         

      

      
        39

        
          

        

      

      
         

      

    

     

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

     

    ARTICLE
      XIII

    MISCELLANEOUS

     

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

     

    (a)    if
      given
      to the Trust, in care of the Administrators at the Trust’s mailing address set
      forth below (or such other address as the Trust may give notice of to the
      Holders of the Securities):

     

    Belvedere
      SoCal Statutory Trust I

    c/o
      Belvedere SoCal

    1
      Maritime Plaza

    Suite
      825

    San
      Francisco, California

    Attention:  Alan
      Lane

    Telecopy:  415-434-9918

     

    (b)    if
      given
      to the Delaware Trustee, at the Delaware Trustee’s mailing address set forth
      below (or such other address as the Delaware Trustee may give notice of to
      the
      Holders of the Securities):

     

    Wilmington
      Trust Company

    Rodney
      Square North

    1100
      North Market Street

    Wilmington,
      Delaware  19890-1600

    Attention:  Corporate
      Trust Administration

    Telecopy:  302-636-4140

     

    (c)    if
      given
      to the Institutional Trustee, at the Institutional Trustee’s mailing address set
      forth below (or such other address as the Institutional Trustee may give notice
      of to the Holders of the Securities):

     

    Wilmington
      Trust Company

    Rodney
      Square North

    1100
      North Market Street

    Wilmington,
      Delaware  19890-1600

    Attention:  Corporate
      Trust Administration

    Telecopy:  302-636-4140

     

    (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):

     

    Belvedere
      SoCal

    c/o
      Belvedere SoCal

    1
      Maritime Plaza

    Suite
      825

    San
      Francisco, California

    Attention:  Alan
      Lane

    Telecopy:  415-434-9918

     

    
      
         

      

      
        40

        
          

        

      

      
         

      

    

     

    (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
      13.2. Governing
      Law.  This
      Declaration and the rights of the parties hereunder shall be governed by and
      interpreted in accordance with the law of the State of Delaware and all rights
      and remedies shall be governed by such laws without regard to the principles
      of
      conflict of laws of the State of Delaware or any other jurisdiction that would
      call for the application of the law of any jurisdiction other than the State
      of
      Delaware; provided, however,
      that there
      shall not be applicable to the Trust, the Trustees or this Declaration any
      provision of the laws (statutory or common) of the State of Delaware pertaining
      to trusts that relate to or regulate, in a manner inconsistent with the terms
      hereof (a) the filing with any court or governmental body or agency of
      trustee accounts or schedules of trustee fees and charges, (b) affirmative
      requirements to post bonds for trustees, officers, agents or employees of a
      trust, (c) the necessity for obtaining court or other governmental approval
      concerning the acquisition, holding or disposition of real or personal property,
      (d) fees or other sums payable to trustees, officers, agents or employees
      of a trust, (e) the allocation of receipts and expenditures to income or
      principal, or (f) restrictions or limitations on the permissible nature,
      amount or concentration of trust investments or requirements relating to the
      titling, storage or other manner of holding or investing trust assets.

     

    Section
      13.3. 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 shall be interpreted to further this intention of the
      parties.

     

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

     

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

     

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

     

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

     

    Signatures
      appear on the following page

     

    
      
         

      

      
        41

        
          

        

      

      
         

      

    

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

     

    
    

    
      	 	
              WILMINGTON
                TRUST
                COMPANY,

              as Delaware Trustee

            
	 	 	 
	 	By:	___________________________________
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	 
	 	
              WILMINGTON
                TRUST
                COMPANY,

              as Institutional Trustee

            
	 	 	 
	 	By:	___________________________________
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	 
	 	BELVEDERE
              SOCAL, as
              Sponsor
	 	 	 
	 	By:	___________________________________
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	 
	 	ADMINISTRATORS
              OF
              BELVEDERE SOCAL STATUTORY TRUST I
	 	 	 
	 	By:	___________________________________
	 	 	Administrator
	 	 	 
	 	 	 
	 	By:	___________________________________
	 	 	Administrator

    

     

    
      
         

      

      
        42

        
          

        

      

      
         

      

    

     

    ANNEX
      I

    TERMS
      OF
      SECURITIES

    

    Pursuant
      to Section 6.1 of the Amended and Restated Declaration of Trust, dated as of
      January 31, 2008 (as amended from time to time, the “Declaration”), the
      designation, rights, privileges, restrictions, preferences and other terms
      and
      provisions of the Capital Securities and the Common Securities are set out
      below
      (each capitalized term used but not defined herein has the meaning set forth
      in
      the Declaration):

     

    1.    Designation
      and
      Number.

     

    (a)    15,000,001
      Fixed Rate Capital Securities of Belvedere SoCal Statutory Trust I (the
“Trust”), with an aggregate stated liquidation amount with respect to the assets
      of the Trust of fifteen million and one dollars ($15,000,001.00) and a stated
      liquidation amount with respect to the assets of the Trust of $1.00 per Capital
      Security, are hereby designated for the purposes of identification only as
      the
“Capital
      Securities”.  The Capital Security Certificates evidencing the
      Capital Securities shall be substantially in the form of Exhibit A-1 to the
      Declaration, with such changes and additions thereto or deletions therefrom
      as
      may be required by ordinary usage, custom or practice.

     

    (b)    464,000
      Fixed Rate Common Securities of the Trust (the “Common Securities”)
      will be evidenced by Common Security Certificates substantially in the form
      of
      Exhibit A-2 to the Declaration, with such changes and additions thereto or
      deletions therefrom as may be required by ordinary usage, custom or
      practice.

     

    2.    Distributions.

     

    (a)    Distributions
      will be payable on each Security for each Distribution Period at a rate per
      annum of 10%, applied to the stated liquidation amount of $1.00 per Security,
      such rate being the rate of interest payable on the Debentures to be held by
      the
      Institutional Trustee. Distributions in arrears will bear interest thereon
      compounded monthly at the applicable Distribution Rate (to the extent permitted
      by law). Distributions, as used herein, include cash distributions and any
      such
      compounded distributions unless otherwise noted. A Distribution is payable
      only
      to the extent that payments are made in respect of the Debentures held by the
      Institutional Trustee and to the extent the Institutional Trustee has funds
      available therefor. The amount of the Distribution payable for any Distribution
      Period commencing on or after the date of original issuance will be computed
      on
      the basis of a 360-day year of twelve 30-day months All percentages resulting
      from any calculations on the Capital Securities will be rounded, if necessary,
      to the nearest one hundred-thousandth of a percentage point, with five
      one-millionths of a percentage point rounded upward (e.g., 9.876545% (or
      .09876545) being rounded to 9.87655% (or .0987655), and all dollar amounts
      used
      in or resulting from such calculation will be rounded to the nearest cent (with
      one-half cent being rounded upward)).

     

    (b)    Distributions
      on the Securities will be cumulative, will accrue from the date of original
      issuance, and will be payable, subject to extension of distribution payment
      periods as described herein, monthly in arrears on the 15th of each month of
      each year, or if such day is not a Business Day, then the next succeeding
      Business Day (each a “Distribution Payment
      Date”), commencing on the Distribution Payment Date in February 2008
      when, as and if available for payment.  The Debenture Issuer has the
      right under the Indenture to defer payments of interest on the Debentures,
      so
      long as no Acceleration Event of Default has occurred and is continuing, by
      extending the payment period on the Debentures for up to 60 consecutive monthly
      periods (each an “Extension Period”) at
      any time and from time to time, subject to the conditions described below,
      during which Extension Period no interest shall be due and
      payable.  During any Extension Period, interest will continue to
      accrue on the Debentures, and interest on such accrued interest will accrue
      at
      an

     

    
      
         

      

      
        I-1

        
          

        

      

      
         

      

    

     

    annual
      rate equal to the Distribution Rate in effect for each such Extension Period,
      compounded monthly from the date such interest would have been payable were
      it
      not for the Extension Period, to the extent permitted by law (such interest
      referred to herein as “Additional
      Interest”).  No Extension Period may end on a date other than a
      Distribution Payment Date.  At the end of any such Extension Period,
      the Debenture Issuer shall pay all interest then accrued and unpaid on the
      Debentures (together with Additional Interest thereon); provided, however,
      that no
      Extension Period may extend beyond the Maturity Date and providedfurther,
however,
      that during
      any such Extension Period, the Debenture Issuer and its subsidiaries shall
      not
      (i) declare or pay any dividends or distributions on, or redeem, purchase,
      acquire, or make a liquidation payment with respect to, any of the Debenture
      Issuer’s or its subsidiaries’ capital stock (other than payments of dividends or
      distributions to the Debenture Issuer or payments of dividends from direct
      or
      indirect subsidiaries of the Debenture Issuer to their parent corporations,
      which also shall be direct or indirect subsidiaries of the Debenture Issuer)
      or
      make any guarantee payments with respect to the foregoing, 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 Debenture Issuer or any Affiliate that
      rank
pari passu in all
      respects with or junior in interest to the Debentures (other than, with respect
      to clauses (i) and (ii) above, (a) repurchases, redemptions or other
      acquisitions of shares of capital stock of the Debenture Issuer in connection
      with any employment contract, benefit plan or other similar arrangement with
      or
      for the benefit of one or more employees, officers, directors or consultants,
      in
      connection with a dividend reinvestment or stockholder stock purchase plan
      or in
      connection with the issuance of capital stock of the Debenture Issuer (or
      securities convertible into or exercisable for such capital stock) as
      consideration in an acquisition transaction entered into prior to the applicable
      Extension Period, (b) as a result of any exchange or conversion of any
      class or series of the Debenture Issuer’s capital stock (or any capital stock of
      a subsidiary of the Debenture Issuer) for any class or series of the Debenture
      Issuer’s capital stock or of any class or series of the Debenture Issuer’s
      indebtedness for any class or series of the Debenture Issuer’s capital stock,
      (c) the purchase of fractional interests in shares of the Debenture
      Issuer’s capital stock pursuant to the conversion or exchange provisions of such
      capital stock or the security being converted or exchanged, (d) any
      declaration of a dividend in connection with any stockholders’ rights plan, or
      the issuance of rights, stock or other property under any stockholders’ rights
      plan, or the redemption or repurchase of rights pursuant thereto, (e) any
      dividend in the form of stock, warrants, options or other rights where the
      dividend stock or the stock issuable upon exercise of such warrants, options
      or
      other rights is the same stock as that on which the dividend is being paid
      or
      ranks pari passu with
      or junior to such stock and any cash payments in lieu of fractional shares
      issued in connection therewith, (f) payments of principal or interest on
      debt securities or payments of cash dividends or distributions on any capital
      stock issued by an Affiliate that is, in whole or in part, a subsidiary of
      the
      Debenture Issuer (or any redemptions, repurchases or liquidation payments on
      such stock or securities), or (g) payments under the Capital Securities
      Guarantee).  Prior to the termination of any Extension Period, the
      Debenture Issuer may further extend such period, provided that such period
      together with all such previous and further consecutive extensions thereof
      shall
      not exceed 60 consecutive monthly periods, or extend beyond the Maturity
      Date.  Upon the termination of any Extension Period and upon the
      payment of all accrued and unpaid interest and Additional Interest, the
      Debenture Issuer may commence a new Extension Period, subject to the foregoing
      requirements.  No interest or Additional Interest shall be due and
      payable during an Extension Period, except at the end thereof, but each
      installment of interest that would otherwise have been due and payable during
      such Extension Period shall bear Additional Interest.  During any
      Extension Period, Distributions on the Securities shall be deferred for a period
      equal to the Extension Period.  If Distributions are deferred, the
      Distributions due shall be paid on the date that the related Extension Period
      terminates to Holders of the Securities as they appear on the books and records
      of the Trust on the record date immediately preceding such
      date.  Distributions on the Securities must be paid on the dates
      payable (after giving effect to any Extension Period) to the extent that the
      Trust has funds available for the payment of such distributions in the Property
      Account of the Trust.  The Trust’s funds available for Distribution to
      the Holders of the Securities will be limited to payments received from the
      Debenture Issuer.  The payment of Distributions out of moneys held by
      the Trust is guaranteed by the Guarantor pursuant to the Guarantee.

     

    
      
         

      

      
        I-2

        
          

        

      

      
         

      

    

     

    (c)    Distributions
      on the Securities will be payable to the Holders thereof as they appear on
      the
      books and records of the Trust on the relevant record dates.  The
      relevant record dates shall be fifteen days before the relevant Distribution
      Payment Date.  Distributions payable on any Securities that are not
      punctually paid on any Distribution Payment Date, as a result of the Debenture
      Issuer having failed to make a payment under the Debentures, as the case may
      be,
      when due (taking into account any Extension Period), will cease to be payable
      to
      the Person in whose name such Securities are registered on the 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.

     

    (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.

     

    3.    Liquidation
      Distribution
      Upon Dissolution.  In the event of the voluntary or involuntary
      liquidation, dissolution, winding-up or termination of the Trust (each a “Liquidation”) other
      than in connection with a redemption of the Debentures, the Holders of the
      Securities will be entitled to receive out of the assets of the Trust available
      for distribution to Holders of the Securities, after satisfaction of liabilities
      to creditors of the Trust (to the extent not satisfied by the Debenture Issuer),
      distributions equal to the aggregate of the stated liquidation amount of $1.00
      per Security plus accrued and unpaid Distributions thereon to the date of
      payment (such amount being the “Liquidation
      Distribution”), unless in connection with such Liquidation, the
      Debentures in an aggregate stated principal amount equal to the aggregate stated
      liquidation amount of such Securities, with an interest rate equal to the
      Distribution Rate of, and bearing accrued and unpaid interest in an amount
      equal
      to the accrued and unpaid Distributions on, and having the same record date
      as,
      such Securities, after paying or making reasonable provision to pay all claims
      and obligations of the Trust in accordance with the Statutory Trust Act, shall
      be distributed on a Pro Rata basis to the Holders of the Securities in exchange
      for such Securities.

     

    The
      Sponsor, as the Holder of all of the Common Securities, has the right at any
      time to dissolve the Trust (including, without limitation, upon the occurrence
      of a Special Event), subject to the receipt by the Debenture Issuer of prior
      approval from the Board of Governors of the Federal Reserve System, or its
      designated district bank, as applicable, and any successor federal agency that
      is primarily responsible for regulating the activities of the Sponsor (the
      “Federal
      Reserve”), if the Sponsor is a bank holding company, or from the Office
      of Thrift Supervision and any successor federal agency that is primarily
      responsible for regulating the activities of Sponsor, (the “OTS”) if the
      Sponsor
      is a savings and loan holding company, in either case if then required under
      applicable capital guidelines or policies of the Federal Reserve or OTS, as
      applicable, and, after satisfaction of liabilities to creditors of the Trust,
      cause the Debentures to be distributed to the Holders of the Securities on
      a Pro
      Rata basis in accordance with the aggregate stated liquidation amount
      thereof.

     

    If
      a
      Liquidation of the Trust occurs as described in clause (i), (ii), (iii) or
      (v) in Section 7.1(a) of the Declaration, the Trust shall be liquidated by
      the
      Institutional Trustee as expeditiously as it determines to be possible by
      distributing, after satisfaction of liabilities to creditors of the Trust,
      to
      the Holders of the Securities, the Debentures on a Pro Rata basis to the extent
      not satisfied by the Debenture Issuer, unless such distribution is determined
      by
      the Institutional Trustee not to be practical, in which event such Holders
      will
      be entitled to receive out of the assets of the Trust available for distribution
      to the Holders, after satisfaction of liabilities of creditors of the Trust
      to
      the extent not satisfied by the Debenture Issuer, an amount equal to the
      Liquidation Distribution.  An early Liquidation of the Trust pursuant
      to clause (iv) of Section 7.1(a) of the Declaration shall occur if the
      Institutional Trustee determines that such Liquidation is possible by
      distributing, after satisfaction of liabilities to creditors of the Trust,
      to
      the Holders of the Securities on a Pro Rata basis, the Debentures, and such
      distribution occurs.

     

    
      
         

      

      
        I-3

        
          

        

      

      
         

      

    

     

    If,
      upon
      any such Liquidation 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
      such
      Capital Securities shall be paid to the Holders of the Trust Securities on
      a Pro
      Rata basis, except that if an Event of Default has occurred and is continuing,
      the Capital Securities shall have a preference over the Common Securities with
      regard to such distributions.

     

    After
      the
      date for any distribution of the Debentures upon dissolution of the Trust
      (i) the Securities of the Trust will be deemed to be no longer outstanding,
      (ii) upon surrender of a Holder’s Securities certificate, such Holder of
      the Securities will receive a certificate representing the Debentures to be
      delivered upon such distribution, (iii) any certificates representing the
      Securities still outstanding will be deemed to represent undivided beneficial
      interests in such of the Debentures as have an aggregate principal amount equal
      to the aggregate stated liquidation amount with an interest rate identical
      to
      the Distribution Rate of, and bearing accrued and unpaid interest equal to
      accrued and unpaid distributions on, the Securities until such certificates
      are
      presented to the Debenture Issuer or its agent for transfer or reissuance (and
      until such certificates are so surrendered, no payments of interest or principal
      shall be made to Holders of Securities in respect of any payments due and
      payable under the Debentures; provided, however
      that such
      failure to pay shall not be deemed to be an Event of Default and shall not
      entitle the Holder to the benefits of the Guarantee), and (iv) all rights
      of Holders of Securities under the Declaration shall cease, except the right
      of
      such Holders to receive Debentures upon surrender of certificates representing
      such Securities.

     

    4.    Redemption
      and
      Distribution.

     

    (a)    The
      Debentures will mature on January 31, 2038. The Debentures may be redeemed
      by
      the Debenture Issuer, in whole or in part, at any Distribution Payment Date
      on
      or after the date of original issuance thereof, at the Redemption Price. The
      right of the Debenture Issuer to redeem the Debentures is subject to the
      Debenture Issuer having received prior approval from the Federal Reserve (if
      the
      Debenture Issuer is a bank holding company) or prior approval from the OTS
      (if
      the Debenture Issuer is a savings and loan holding company), in each case if
      then required under applicable capital guidelines or policies of the applicable
      federal agency.

     

    The
      Distribution Rate for any Distribution Period will at no time be higher than
      the
      maximum rate then permitted by New York law as the same may be modified by
      United States law.

     

    “Capital
      Treatment
      Event” means the receipt by the Debenture Issuer and the Trust of an
      opinion of counsel experienced in such matters to the effect that, as a result
      of the occurrence of any amendment to, or change (including any announced
      prospective change) in, the laws, rules or regulations of the United States
      or
      any political subdivision thereof or therein, or as the result of any official
      or administrative pronouncement or action or decision interpreting or applying
      such laws, rules or regulations, which amendment or change is effective or
      which
      pronouncement, action or decision is announced on or after the date of original
      issuance of the Debentures, there is more than an insubstantial risk that the
      Sponsor will not, within 90 days of the date of such opinion, be entitled to
      treat an amount equal to the aggregate liquidation amount of the Capital
      Securities as “Tier 1 Capital” (or its then equivalent) for purposes of the
      capital adequacy guidelines of the Federal Reserve, as then in effect and
      applicable to the Sponsor (or if the Sponsor is not a bank holding company
      or
      otherwise is not subject to the Federal Reserve’s risk-based capital adequacy
      guidelines, such guidelines applied to the Sponsor as if the Sponsor were
      subject to such guidelines); provided, however,
      that the
      inability of the Sponsor to treat all or any portion of the liquidation amount
      of the Capital Securities as Tier l Capital shall not constitute the basis
      for a Capital Treatment Event, if such inability results from the Sponsor having
      cumulative preferred stock, minority interests in consolidated subsidiaries,
      or
      any other class of security or interest which the Federal Reserve or OTS, as
      applicable, may now or hereafter accord Tier 1 Capital treatment in excess
      of the amount which may now or hereafter qualify for treatment as Tier 1
      Capital under applicable capital adequacy guidelines; providedfurther,
however,
      that the
      distribution of Debentures in connection with the Liquidation of the Trust
      shall
      not in and of itself constitute a Capital Treatment Event unless such
      Liquidation shall have occurred in connection with a Tax Event or an Investment
      Company Event.

     

    
      
         

      

      
        I-4

        
          

        

      

      
         

      

    

     

    “Investment
      Company
      Event” means the receipt by the Debenture Issuer and the Trust of an
      opinion of counsel experienced in such matters to the effect that, as a result
      of the occurrence of a change in law or regulation or written change (including
      any announced prospective change) in interpretation or application of law or
      regulation by any legislative body, court, governmental agency or regulatory
      authority, there is more than an insubstantial risk that the Trust is or, within
      90 days of the date of such opinion, will be considered an Investment Company
      that is required to be registered under the Investment Company Act which change
      or prospective change becomes effective or would become effective, as the case
      may be, on or after the date of the issuance of the Debentures.

     

    “Maturity
      Date” means
      January 31, 2038.

     

    “Redemption
      Date”
shall mean the date fixed for the redemption of Capital Securities,
      which shall
      be any Distribution Payment Date on or after the date hereof.

     

    “Redemption
      Price”
means 100% of the principal amount of the Debentures being redeemed,
      plus
      accrued and unpaid Interest on such Debentures to the Redemption
      Date.

     

    “Special
      Event” means
      a Tax Event, an Investment Company Event or a Capital Treatment
      Event.

     

    “Special
      Redemption
      Date” means a date on which a Special Event redemption occurs, which
      shall be a Distribution Payment Date.

     

    “Tax
      Event” means the
      receipt by the Debenture Issuer and the Trust of an opinion of counsel
      experienced in such matters to the effect that, as a result of any amendment
      to
      or change (including any announced prospective change) in the laws or any
      regulations thereunder of the United States or any political subdivision or
      taxing authority thereof or therein, or as a result of any official
      administrative pronouncement (including any private letter ruling, technical
      advice memorandum, field service advice, regulatory procedure, notice or
      announcement including any notice or announcement of intent to adopt such
      procedures or regulations) (an “Administrative
      Action”) or judicial decision interpreting or applying such laws or
      regulations, regardless of whether such Administrative Action or judicial
      decision is issued to or in connection with a proceeding involving the Debenture
      Issuer or the Trust and whether or not subject to review or appeal, which
      amendment, clarification, change, Administrative Action or decision is enacted,
      promulgated or announced, in each case on or after the date of original issuance
      of the Debentures, there is more than an insubstantial risk that: (i) the
      Trust is, or will be within 90 days of the date of such opinion, subject to
      United States federal income tax with respect to income received or accrued
      on
      the Debentures; (ii) interest payable by the Debenture Issuer on the
      Debentures is not, or within 90 days of the date of such opinion, will not
      be,
      deductible by the Debenture Issuer, in whole or in part, for United States
      federal income tax purposes; or (iii) the Trust is, or will be within 90
      days of the date of such opinion, subject to more than a de minimis amount
      of
      other taxes, duties or other governmental charges.

     

    (b)    Upon
      the
      repayment in full at maturity or redemption in whole or in part of the
      Debentures (other than following the distribution of the Debentures to the
      Holders of the Securities), the proceeds from such repayment or payment shall
      concurrently be applied to redeem Pro Rata at the Redemption Price, Securities
      having an aggregate liquidation amount equal to the aggregate principal amount
      of the Debentures so repaid or redeemed; provided, however,
      that holders
      of such Securities shall be given not less than 30 nor more than 60 days’ notice
      of such redemption (other than at the scheduled maturity of the
      Debentures).

     

    
      
         

      

      
        I-5

        
          

        

      

      
         

      

    

     

    (c)    If
      fewer
      than all the outstanding Securities are to be so redeemed, the Common Securities
      and the Capital Securities will be redeemed Pro Rata and the Capital Securities
      to be redeemed will be redeemed Pro Rata from each Holder of Capital
      Securities.

     

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

     

    (e)    Redemption
      or Distribution
      Procedures.

     

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

     

    (ii)    If
      the
      Securities are to be redeemed and the Trust gives a Redemption/ Distribution
      Notice, which notice may only be issued if the Debentures are redeemed as set
      out in this paragraph 4 (which notice will be irrevocable), then, provided that the
      Institutional Trustee has a sufficient amount of cash in connection with the
      related redemption or maturity of the Debentures, the Institutional Trustee
      will
      pay the Redemption Price to the Holders of such Securities by check mailed
      to
      the address of each such Holder appearing on the books and records of the Trust
      on the Redemption Date.  If a Redemption/Distribution Notice shall
      have been given and funds deposited as required then immediately prior to the
      close of business on the date of such deposit Distributions will cease to accrue
      on the Securities so called for redemption and all rights of Holders of such
      Securities so called for redemption will cease, except the right of the Holders
      of such Securities to receive the Redemption Price specified in
      paragraph 4(a), but without interest on such Redemption
      Price.  If payment of the Redemption Price in respect of any
      Securities is improperly withheld or refused and not paid either by the Trust
      or
      by the Debenture Issuer as guarantor pursuant to the Guarantee, Distributions
      on
      such Securities will continue to accrue at the Distribution Rate 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 the Redemption Price.  In the event of any redemption of
      the Capital Securities issued by the Trust in part, the Trust shall not be
      required to (i) issue, register the transfer of or exchange any Security
      during a period beginning at the opening of business fifteen days before any
      selection for redemption of the Capital Securities and ending at the close
      of
      business on the earliest date on which the relevant notice of redemption is
      deemed to have been given to all Holders of the Capital Securities to be so
      redeemed or (ii) register the transfer of or exchange any Capital
      Securities so selected for redemption, in whole or in part, except for the
      unredeemed portion of any Capital Securities being redeemed in
      part.

     

    
      
         

      

      
        I-6

        
          

        

      

      
         

      

    

     

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

     

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

     

    5.    Voting
      Rights - Capital
      Securities.

     

    (a)    Except
      as
      provided under paragraphs 5(b) and 7 and as otherwise required by law and
      the Declaration, the Holders of the Capital Securities will have no voting
      rights. The Administrators are required to call a meeting of the Holders of
      the
      Capital Securities if directed to do so by Holders of at least 10% in
      liquidation amount of the Capital Securities.

     

    (b)    Subject
      to the requirements of obtaining a tax opinion by the Institutional Trustee
      in
      certain circumstances set forth in the last sentence of this paragraph, the
      Holders of a Majority in liquidation amount of the Capital Securities, voting
      separately as a class, have the right to direct the time, method, and place
      of
      conducting any proceeding for any remedy available to the Institutional Trustee,
      or exercising any trust or power conferred upon the Institutional Trustee under
      the Declaration, including the right to direct the Institutional Trustee, as
      holder of the Debentures, to (i) exercise the remedies available under the
      Indenture as the holder of the Debentures, (ii) waive any past default that
      is waivable under the Indenture, (iii) exercise any right to rescind or
      annul a declaration that the principal of all the Debentures shall be due and
      payable or (iv) consent on behalf of all the Holders of the Capital
      Securities to any amendment, modification or termination of the Indenture or
      the
      Debentures where such consent shall be required; provided, however,
      that, where
      a consent or action under the Indenture would require the consent or act of
      the
      holders of greater than a simple majority in aggregate principal amount of
      Debentures (a “Super
      Majority”) affected thereby, the Institutional Trustee may only give such
      consent or take such action at the written direction of the Holders of at least
      the proportion in liquidation amount of the Capital Securities outstanding
      which
      the relevant Super Majority represents of the aggregate principal amount of
      the
      Debentures outstanding. If the Institutional Trustee fails to enforce its rights
      under the Debentures after the Holders of a Majority in liquidation amount
      of
      such Capital Securities have so directed the Institutional Trustee, to the
      fullest extent permitted by law, a Holder of the Capital Securities may
      institute a legal proceeding directly against the Debenture Issuer to enforce
      the Institutional Trustee’s rights under the Debentures without first
      instituting any legal proceeding against the Institutional Trustee or any other
      person or entity. Notwithstanding the foregoing, if an Event of Default has
      occurred and is continuing and such event is attributable to the failure of
      the
      Debenture Issuer to pay interest or principal on the Debentures on the date
      the
      interest or principal is payable (or in the case of redemption, the Redemption
      Date or the Special Redemption Date, as applicable), then a Holder of record
      of
      the Capital Securities may directly institute a proceeding for enforcement
      of
      payment, on or after the respective due dates specified in the Debentures,
      to
      such Holder directly of the principal of or interest on the Debentures having
      an
      aggregate principal amount equal to the aggregate liquidation amount of the
      Capital Securities of such Holder. The Institutional Trustee shall notify all
      Holders of the Capital Securities of any default actually known to the
      Institutional Trustee with respect to the Debentures unless (x) such
      default has been cured prior to the giving of such notice or (y) the
      Institutional Trustee determines in good faith that the withholding of such
      notice is in the interest of the Holders of such Capital Securities, except
      where the default relates to the payment of principal of or interest on any
      of
      the Debentures. Such notice shall state that such Indenture Event of Default
      also constitutes an Event of Default hereunder. Except with respect to directing
      the time, method and place of conducting a proceeding for a remedy, the
      Institutional Trustee shall not take any of the actions described in
      clauses (i), (ii) or (iii) above unless the Institutional Trustee has
      obtained an opinion of tax counsel to the effect that, as a result of such
      action, the Trust will not be classified as other than a grantor trust for
      United States federal income tax purposes.

     

    
      
         

      

      
        I-7

        
          

        

      

      
         

      

    

     

    In
      the
      event the consent of the Institutional Trustee, as the holder of the Debentures,
      is required under the Indenture with respect to any amendment, modification
      or
      termination of the Indenture, the Institutional Trustee shall request the
      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 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 outstanding
      which the relevant Super-Majority represents of the aggregate principal amount
      of the Debentures outstanding. The Institutional Trustee shall not take any
      such
      action in accordance with the directions of the Holders of the Securities unless
      the Institutional Trustee has obtained an opinion of tax counsel to the effect
      that, as a result of such action, the Trust will not be classified as other
      than
      a grantor trust for United States federal income tax purposes.

     

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

     

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

     

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

     

    6.    Voting
      Rights - Common
      Securities.

     

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

     

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

     

    
      
         

      

      
        I-8

        
          

        

      

      
         

      

    

     

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

     

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

     

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

     

    7.    Amendments
      to Declaration
      and Indenture.

     

    (a)    In
      addition to any requirements under Section 11.1 of the Declaration, if any
      proposed amendment to the Declaration provides for, or the Trustees, Sponsor
      or
      Administrators 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 or otherwise, or (ii) the
      Liquidation of the Trust, other than as described in Section 7.1 of the
      Declaration, then the Holders of outstanding Securities, voting together as
      a
      single class, will be entitled to vote on such amendment or proposal and such
      amendment or proposal shall not be effective except with the approval of the
      Holders of at least a Majority in liquidation amount of the Securities, affected
      thereby; provided, however,
      if any
      amendment or proposal referred to in clause (i) above would adversely
      affect only the Capital Securities or only the Common Securities, then only
      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 a
      Majority in liquidation amount of such class of Securities.

     

    
      
         

      

      
        I-9

        
          

        

      

      
         

      

    

     

    (b)    In
      the
      event the consent of the Institutional Trustee as the holder of the Debentures
      is required under the Indenture with respect to any amendment, modification
      or
      termination of the Indenture or the Debentures, the Institutional Trustee shall
      request the written direction of the Holders of the Securities with respect
      to
      such amendment, modification or termination and shall vote with respect to
      such
      amendment, modification, or termination as directed by a Majority in liquidation
      amount of the Securities voting together as a single class; provided, however,
      that where a
      consent under the Indenture would require a Super Majority, the Institutional
      Trustee may only give such consent at the 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 Debentures
      outstanding.

     

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

     

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

     

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

     

    9.    Ranking.  The
      Capital Securities rank pari
      passu with and payment thereon shall be made Pro Rata with the Common
      Securities except that, where an Event of Default has occurred and is
      continuing, the rights of Holders of the Common Securities to receive payment
      of
      Distributions and payments upon liquidation, redemption and otherwise are
      subordinated to the rights of the Holders of the Capital Securities with the
      result that no payment of any Distribution on, or Redemption Price of, any
      Common Security, and no other payment on account of redemption, liquidation
      or
      other acquisition of Common Securities, shall be made unless payment in full
      in
      cash of all accumulated and unpaid Distributions on all outstanding Capital
      Securities for all distribution periods terminating on or prior thereto, or
      in
      the case of payment of the Redemption Price the full amount of such Redemption
      Price on all outstanding Capital Securities then called for redemption, shall
      have been made or provided for, and all funds immediately available to the
      Institutional Trustee shall first be applied to the payment in full in cash
      of
      all Distributions on, or the Redemption Price of, the Capital Securities then
      due and payable.

     

    
      
         

      

      
        I-10

        
          

        

      

      
         

      

    

     

    10.    Acceptance
      of Guarantee and
      Indenture. Each Holder of the Capital Securities and the Common
      Securities, by the acceptance of such Securities, agrees to the provisions
      of
      the Guarantee, 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. The Sponsor will provide a copy
      of
      the Declaration, the Guarantee, and the Indenture to a Holder without charge
      on
      written request to the Sponsor at its principal place of business.

     

    
      
         

      

      
        I-11

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A-1

    

    FORM
      OF CAPITAL SECURITY CERTIFICATE

    

    [FORM
      OF
      FACE OF SECURITY]

     

    THIS
      SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE “SECURITIES ACT”), ANY STATE SECURITIES LAWS OR ANY OTHER APPLICABLE
      SECURITIES LAW.  NEITHER THIS SECURITY NOR ANY INTEREST OR
      PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
      ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR
      UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES
      LAWS.  THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES TO
      OFFER, SELL OR OTHERWISE TRANSFER THIS SECURITY ONLY (A) TO THE SPONSOR OR
      THE TRUST, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED
      EFFECTIVE UNDER THE SECURITIES ACT, (C) TO A PERSON WHOM THE SELLER
      REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING
      THE REQUIREMENTS OF RULE 144A SO LONG AS THIS SECURITY IS ELIGIBLE FOR
      RESALE PURSUANT TO RULE 144A IN ACCORDANCE WITH RULE 144A, (D) TO
      A NON-U.S. PERSON IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR
      RULE 904 (AS APPLICABLE) OF REGULATION S UNDER THE SECURITIES ACT,
      (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF
      SUBPARAGRAPH (A) OF RULE 501 UNDER THE SECURITIES ACT THAT IS
      ACQUIRING THIS CAPITAL SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF
      SUCH
      AN INSTITUTIONAL ACCREDITED INVESTOR, FOR INVESTMENT PURPOSES AND NOT WITH
      A
      VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION
      OF THE SECURITIES ACT, OR (F) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION
      FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE
      SPONSOR’S AND THE TRUST’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER TO
      REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
      INFORMATION SATISFACTORY TO EACH OF THEM IN ACCORDANCE WITH THE DECLARATION
      OF
      TRUST, A COPY OF WHICH MAY BE OBTAINED FROM THE SPONSOR OR THE
      TRUST.  HEDGING TRANSACTIONS INVOLVING THIS SECURITY MAY NOT BE
      CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.

     

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

     

    
      
         

      

      
        A-1-1

        
          

        

      

      
         

      

    

     

    THIS
      SECURITY WILL BE ISSUED AND MAY BE TRANSFERRED ONLY IN BLOCKS HAVING A
      LIQUIDATION AMOUNT OF NOT LESS THAN $100,000.00 (100,000 SECURITIES) AND
      MULTIPLES OF $1.00 IN EXCESS THEREOF.  ANY ATTEMPTED TRANSFER OF
      SECURITIES IN A BLOCK HAVING A LIQUIDATION AMOUNT OF LESS THAN $100,000.00
      SHALL
      BE DEEMED TO BE VOID AND OF NO LEGAL EFFECT WHATSOEVER.

     

    THE
      HOLDER OF THIS SECURITY AGREES THAT IT WILL COMPLY WITH THE FOREGOING
      RESTRICTIONS.

     

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

     

    
    

    
      	
              Certificate
                Number
                P-

            	
              ____________
                Capital
                Securities

            

    

     

    [CUSIP
      NO. [_______] **To be inserted at the request of a subsequent
      transferee]

     

    January
      31, 2008

     

    Certificate
      Evidencing Fixed Rate Capital Securities

     

    of

     

    Belvedere
      SoCal Statutory Trust I

     

    (liquidation
      amount $1.00 per Capital Security)

     

    Belvedere
      SoCal Statutory Trust I, a statutory trust created under the laws of the State
      of Delaware (the “Trust”), hereby certifies that ______________is the registered
      owner of capital securities of the Trust representing undivided beneficial
      interests in the assets of the Trust, (liquidation amount $1.00 per capital
      security) (the “Capital Securities”). Subject to the Declaration (as defined
      below), the Capital Securities are transferable on the books and records of
      the
      Trust in person or by a duly authorized attorney, upon surrender of this
      Certificate duly endorsed and in proper form for transfer. The Capital
      Securities represented hereby are issued pursuant to, and the designation,
      rights, privileges, restrictions, preferences and other terms and provisions
      of
      the Capital Securities shall in all respects be subject to, the provisions
      of
      the Amended and Restated Declaration of Trust of the Trust dated as of January
      31, 2008, among Alan Lane and Michael McCall, as Administrators, Wilmington
      Trust Company, as Delaware Trustee, Wilmington Trust Company, as Institutional
      Trustee, Belvedere SoCal, as Sponsor, and the holders from time to time of
      undivided beneficial interests in the assets of the Trust, including the
      designation of the terms of the Capital Securities as set forth in Annex I
      to such amended and restated declaration as the same may be amended from time
      to
      time (the “Declaration”).  Capitalized terms used herein but not
      defined shall have the meaning given them in the Declaration. The Holder is
      entitled to the benefits of the Guarantee to the extent provided therein. The
      Sponsor will provide a copy of the Declaration, the Guarantee, and the Indenture
      to the Holder without charge upon written request to the Sponsor at its
      principal place of business.

     

    
      
         

      

      
        A-1-2

        
          

        

      

      
         

      

    

     

    Upon
      receipt of this Security, the Holder is bound by the Declaration and is entitled
      to the benefits thereunder.

     

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

     

    This
      Capital Security is governed by, and construed in accordance with, the laws
      of
      the State of Delaware, without regard to principles of conflict of laws.

     

    Signatures
      appear on following page

     

    
      
         

      

      
        A-1-3

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the Trust has duly executed this certificate.

     

    
    

    
      	 	BELVEDERE
              SOCAL
              STATUTORY TRUST I
	 	 	 
	 	By:	_______________________________________
	 	 	Name:
	 	 	Title: Administrator

    

     

     

    CERTIFICATE
      OF
      AUTHENTICATION

    

    This
      is
      one of the Capital Securities referred to in the within-mentioned
      Declaration.

    
       

      
      

      
        	 	
                WILMINGTON
                  TRUST
                  COMPANY,

                as the Institutional Trustee

              
	 	 	 
	 	By:	_______________________________________
	 	 	
                Authorized
                  Officer

              

      

       

      
        
           

        

        
          A-1-4

          
            

          

        

        
           

        

         

      

    

    [FORM
      OF
      REVERSE OF CAPITAL SECURITY]

     

    Distributions
      payable on each Capital Security will be payable at an annual rate equal to
      10%
      beginning on (and including) the date of original issuance and ending on (but
      excluding) the Distribution Payment Date in January 2038, applied to the stated
      liquidation amount of $1.00 per Capital Security, such rate being the rate
      of
      interest payable on the Debentures to be held by the Institutional Trustee.
      Distributions in arrears will bear interest thereon compounded monthly at the
      Distribution Rate (to the extent permitted by applicable law).  The
      term “Distributions” as used herein includes cash distributions and any such
      compounded distributions unless otherwise noted.  A Distribution is
      payable only to the extent that payments are made in respect of the Debentures
      held by the Institutional Trustee and to the extent the Institutional Trustee
      has funds available therefor.  The amount of the Distribution payable
      for any Distribution Period will be computed on the basis of a 360-day year
      of
      twelve 30-day months.

     

    The
      Distribution Rate for any Distribution Period will at no time be higher than
      the
      maximum rate then permitted by New York law as the same may be modified by
      United States law.

     

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

     

    Except
      as
      otherwise described below, Distributions on the Capital Securities will be
      cumulative, will accrue from the date of original issuance and will be payable
      monthly on the 15th of each month of each year or if any such day is not a
      Business Day, then the next succeeding Business Day (each such day, a
“Distribution Payment Date”), commencing on the Distribution Payment Date in
      February 2008.  The Debenture Issuer has the right under the Indenture
      to defer payments of interest on the Debentures, so long as no Acceleration
      Event of Default has occurred and is continuing, by extending the interest
      payment period on the Debentures for up to 60 consecutive monthly periods (each
      an “Extension Period”) at any time and from time to time on the Debentures,
      subject to the conditions described below, during which Extension Period no
      interest shall be due and payable.  During any Extension Period,
      interest will continue to accrue on the Debentures, and interest on such accrued
      interest will accrue at an annual rate equal to the Distribution Rate in effect
      for each such Extension Period, compounded monthly from the date such interest
      would have been payable were it not for the Extension Period, to the extent
      permitted by law (such interest referred to herein as “Additional Interest”). No
      Extension Period may end on a date other than a Distribution Payment Date.
      At
      the end of any such Extension Period, the Debenture Issuer shall pay all
      interest then accrued and unpaid on the Debentures (together with Additional
      Interest thereon); provided, however,
      that no
      Extension Period may extend beyond the Maturity Date.  Prior to the
      termination of any Extension Period, the Debenture Issuer may further extend
      such period, provided that such period together with all such previous and
      further consecutive extensions thereof shall not exceed 60 consecutive monthly
      periods, or extend beyond the Maturity Date. Upon the termination of any
      Extension Period and upon the payment of all accrued and unpaid interest and
      Additional Interest, the Debenture Issuer may commence a new Extension Period,
      subject to the foregoing requirements.  No interest or Additional
      Interest shall be due and payable during an Extension Period, except at the
      end
      thereof, but each installment of interest that would otherwise have been due
      and
      payable during such Extension Period shall bear Additional
      Interest.  During any Extension Period, Distributions on the Capital
      Securities shall be deferred for a period equal to the Extension
      Period.  If Distributions are deferred, the Distributions due shall be
      paid on the date that the related Extension Period terminates, to Holders of
      the
      Securities as they appear on the books and records of the Trust on the record
      date immediately preceding such date. Distributions on the Securities must
      be
      paid on the dates payable (after giving effect to any Extension Period) to
      the
      extent that the Trust has funds available for the payment of such distributions
      in the Property Account of the Trust.  The Trust’s funds available for
      Distribution to the Holders of the Securities will be limited to payments
      received from the Debenture Issuer.  The payment of Distributions out
      of moneys held by the Trust is guaranteed by the Guarantor pursuant to the
      Guarantee.

     

    The
      Capital Securities shall be redeemable as provided in the
      Declaration.

     

    
      
         

      

      
        A-1-5

        
          

        

      

      
         

      

    

     

    ASSIGNMENT

     

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

     

    ____________________________________________________________________________

    (Insert
      assignee’s social security or tax identification
      number)_____________________________

    ____________________________________________________________________________

    ____________________________________________________________________________

     

     

    (Insert
      address and zip code of assignee) and irrevocably appoints

    ____________________________________________________________________________

     

     

    agent
      to
      transfer this Capital 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 Capital Security
      Certificate)

     

    Signature
      Guarantee:1

     

    
_________________________

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

       

      
        
           

        

        
          A-1-6

          
            

          

        

        
           

        

      

    

    EXHIBIT
      A-2

     

    FORM
      OF
      COMMON SECURITY CERTIFICATE

     

    THIS
      COMMON SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED, AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT
      PURSUANT TO AN EXEMPTION FROM REGISTRATION.

     

    THIS
      CERTIFICATE IS NOT TRANSFERABLE EXCEPT IN COMPLIANCE WITH SECTION 8.1 OF
      THE DECLARATION.

     

    
    

    
      	
              Certificate
                Number
                C-1

            	
              464,000
                Common
                Securities

            

    

                                                                                                                

    January
      31, 2008

     

    Certificate
      Evidencing Fixed Rate Common Securities

     

    of

     

    Belvedere
      SoCal Statutory Trust I

     

    Belvedere
      SoCal Statutory Trust I, a statutory trust created under the laws of the State
      of Delaware (the “Trust”), hereby certifies that Belvedere SoCal (the “Holder”)
      is the registered owner of common securities of the Trust representing undivided
      beneficial interests in the assets of the Trust (the “Common
      Securities”).  The Common Securities represented hereby are issued
      pursuant to, and the designation, rights, privileges, restrictions, preferences
      and other terms and provisions of the Common Securities shall in all respects
      be
      subject to, the provisions of the Amended and Restated Declaration of Trust
      of
      the Trust dated as of January 31, 2008, among Alan Lane and Michael McCall,
      as
      Administrators, Wilmington Trust Company, as Delaware Trustee, Wilmington Trust
      Company, as Institutional Trustee, Belvedere SoCal, as Sponsor, and the holders
      from time to time of undivided beneficial interest in the assets of the Trust
      including the designation of the terms of the Common Securities as set forth
      in
      Annex I to such amended and restated declaration, as the same may be amended
      from time to time (the “Declaration”).  Capitalized terms used herein
      but not defined shall have the meaning given them in the
      Declaration.  The Holder is entitled to the benefits of the Guarantee
      to the extent provided therein.  The Sponsor will provide a copy of
      the Declaration, the Guarantee and the Indenture to the Holder without charge
      upon written request to the Sponsor at its principal place of
      business.

     

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

     

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

     

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

     

    This
      Common Security is governed by, and construed in accordance with, the laws
      of
      the State of Delaware, without regard to principles of conflict of
      laws.

     

    
      
         

      

      
        A-2-1

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the Trust has duly executed this certificate.

     

    
      
      

      
        	 	BELVEDERE
                SOCAL
                STATUTORY TRUST I
	 	 	 
	 	By:	_______________________________________
	 	 	Name:
	 	 	Title: Administrator

      

       

      
        
           

        

        
          A-2-2

          
            

          

        

        
           

        

      

    

    [FORM
      OF
      REVERSE OF COMMON SECURITY]

     

    Distributions
      payable on each Common Security will be payable at an annual rate equal to
      10%
      beginning on (and including) the date of original issuance and ending on the
      Distribution Payment Date in January 2038, applied to the stated liquidation
      amount of $1.00 per Common Security, such rate being the rate of interest
      payable on the Debentures to be held by the Institutional Trustee. Distributions
      in arrears will bear interest thereon compounded monthly at the Distribution
      Rate (to the extent permitted by applicable law).  The term
“Distributions” as used herein includes cash distributions and any such
      compounded distributions unless otherwise noted.  A Distribution is
      payable only to the extent that payments are made in respect of the Debentures
      held by the Institutional Trustee and to the extent the Institutional Trustee
      has funds available therefor. The amount of the Distribution payable for any
      Distribution Period commencing on or after the date of original issuance will
      be
      computed on the basis of a 360-day year of twelve 30-day months.

     

    The
      Distribution Rate for any Distribution Period will at no time be higher than
      the
      maximum rate then permitted by New York law as the same may be modified by
      United States law.

     

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

     

    Except
      as
      otherwise described below, Distributions on the Common Securities will be
      cumulative, will accrue from the date of original issuance and will be payable
      monthly on the 15th of each month of each year or if any such day is not a
      Business Day, then the next succeeding Business Day (each such day, a
“Distribution Payment Date”).  The Debenture Issuer has the right
      under the Indenture to defer payments of interest on the Debentures, so long
      as
      no Acceleration Event of Default has occurred and is continuing, by extending
      the interest payment period on the Debentures for up to 60 consecutive
      monthly periods (each an “Extension Period”) at any time and from time to time
      on the Debentures, subject to the conditions described below, during which
      Extension Period no interest shall be due and payable.  During any
      Extension Period, interest will continue to accrue on the Debentures, and
      interest on such accrued interest will accrue at an annual rate equal to the
      Distribution Rate in effect for each such Extension Period, compounded monthly
      from the date such interest would have been payable were it not for the
      Extension Period, to the extent permitted by law (such interest referred to
      herein as “Additional Interest”). No Extension Period may end on a date other
      than a Distribution Payment Date.  At the end of any such Extension
      Period, the Debenture Issuer shall pay all interest then accrued and unpaid
      on
      the Debentures (together with Additional Interest thereon); provided, however,
      that no
      Extension Period may extend beyond the Maturity Date.  Prior to the
      termination of any Extension Period, the Debenture Issuer may further extend
      such period, provided that such period together with all such previous and
      further consecutive extensions thereof shall not exceed 60 consecutive monthly
      periods, or extend beyond the Maturity Date. Upon the termination of any
      Extension Period and upon the payment of all accrued and unpaid interest and
      Additional Interest, the Debenture Issuer may commence a new Extension Period,
      subject to the foregoing requirements. No interest or Additional Interest shall
      be due and payable during an Extension Period, except at the end thereof, but
      each installment of interest that would otherwise have been due and payable
      during such Extension Period shall bear Additional Interest.  During
      any Extension Period, Distributions on the Common Securities shall be deferred
      for a period equal to the Extension Period.  If Distributions are
      deferred, the Distributions due shall be paid on the date that the related
      Extension Period terminates, to Holders of the Securities as they appear on
      the
      books and records of the Trust on the record date immediately preceding such
      date. Distributions on the Securities must be paid on the dates payable (after
      giving effect to any Extension Period) to the extent that the Trust has funds
      available for the payment of such distributions in the Property Account of
      the
      Trust. The Trust’s funds available for Distribution to the Holders of the
      Securities will be limited to payments received from the Debenture
      Issuer.

     

    The
      Common Securities shall be redeemable as provided in the
      Declaration.

     

    
      
         

      

      
        A-2-3

        
          

        

      

      
         

      

    

     

    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

      ____________________________________________________________________________

       

       

      
        ____________________________________________________________________________

      

      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)

       

      Signature:______________________________

       

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

    

     

    Signature
      Guarantee2

     

     

     

    _________________________ 

      2
        Signature must be guaranteed by an “eligible guarantor institution” that is a
        bank, stockbroker, savings and loan association or credit union, meeting
        the
        requirements of the Security registrar, which requirements include membership
        or
        participation in the Securities Transfer Agents Medallion Program (“STAMP”) or
        such other “signature guarantee program” as may be determined by the Security
        registrar in addition to, or in substitution for, STAMP, all in accordance
        with
        the Securities Exchange Act of 1934, as amended.

       

      
        
           

        

        
          A-2-4

          
            

          

        

        
           

        

      

    

    EXHIBIT
      B

     

    SPECIMEN
      OF INITIAL DEBENTURE

     

    (See
      Document No.  )

     

    
      
         

      

      
        B-1

        
          

        

      

      
         

      

    

    EXHIBIT
      C

     

    PURCHASE
      AGREEMENT

     

    (See
      Document No.  )

     

     

    C-1Unassociated Document

    EXHIBIT
      4.3

     

    PURCHASE
      AGREEMENT

     

    among

     

    BELVEDERE
      SOCAL

     

    and

     

    BELVEDERE
      SOCAL STATUTORY TRUST I,

     

    as
      Offerors,

     

    and

     

    THOMAS
      R.
      TIMMONS,

     

    RONALD
      H.
      GABRIEL,

     

    RONALD
      H.
      GABRIEL, TRUSTEE for

    GABRIEL
      FAMILY TRUST

     

    and

     

    ALDO
      J.
      AND HELEN L. DE SOTO, TRUSTEES for

    THE
      DE
      SOTO FAMILY TRUST

     

    as
      Contributors

    

    
      
        

      

    

    

    Dated
      as
      of January 31, 2008

     

    
      
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    PURCHASE
      AGREEMENT

    

    THIS
      PURCHASE AGREEMENT, dated as of January 31, 2008, is entered into by and among,
      Belvedere SoCal, a California corporation (the “Company”), Belvedere SoCal
      Statutory Trust I, a Delaware statutory trust (the “Trust,” and, together with
      the Company, the “Offerors”), Thomas R. Timmons, Ronald H. Gabriel, Ronald H.
      Gabriel, Trustee for Gabriel Family Trust and Aldo J. and Helen L. De Soto,
      Trustees for The De Soto Family Trust (collectively, the
“Contributors”).

    

    RECITALS

    

    A.           
The
      Company
      and Spectrum Bank (“Spectrum”) entered into an Agreement to Merge and Plan of
      Reorganization dated as of July 13, 2007 and subsequently amended on September
      4, 2007 and January 30, 2008 (collectively, the “Merger Agreement”) pursuant to
      which the Company will acquire Spectrum for cash by merging a wholly-owned
      subsidiary of the Company with and into Spectrum (the “Merger”).  Such
      merger shall be effective upon the filing of a merger agreement with the
      California Secretary of State (the “Merger Effective Time”).

    

    B.           
In
      order to
      facilitate the Merger, the Company desires to acquire immediately prior to
      the
      Merger Effective Time, and the Contributors desire to transfer immediately
      prior
      to the Merger Effective Time, certain shares of Spectrum’s outstanding common
      stock held by the Contributors and as identified on Exhibit A hereto (the
      “Spectrum Shares”) in exchange for the Capital Securities (as hereinafter
      defined).

    

    C.           
The
      Company
      and the Offerors have caused the Trust to be formed. The Company has formed
      the
      Trust to issue the Capital Securities.

    

    D.           
The
      Trust
      desires to issue at the Closing (as defined in Section 2.2.1) 15,000,001 of
      the
      Trust’s Fixed Rate Capital Securities, with a liquidation amount of $1.00 per
      capital security (the “Capital Securities”), to be issued pursuant to the Trust
      Agreement (as defined in Section 1.2), which Capital Securities are to be
      guaranteed by the Company pursuant to the Guarantee (as defined in Section
      1.2)
      in exchange for the Spectrum Shares.  The number of Capital Securities
      to be issued to each Contributor and the number of Spectrum Shares to be
      delivered to the Company by each Contributor are set forth on Exhibit A attached
      hereto and incorporated herein by this reference.

    

    E.           
The
      Spectrum
      Shares acquired via contribution to the Trust will be exchanged for the Capital
      Securities of the Trust. The Trust will transfer (i) the Spectrum Shares and
      (ii) the proceeds from the sale of the Common Securities (as defined in Section
      1.2) to the Company in exchange for the Debentures (as defined in Section 1.2)
      to be issued by the Company pursuant to the Indenture.

    

    AGREEMENT

    

    In
      consideration of the premises and
      the mutual representations and covenants hereinafter set forth, the parties
      hereto agree as follows

     

    Section
      1.  Issuance
      and Sale of
      Securities.

     

    1.1.    Introduction. The
      Contributors propose to contribute the Spectrum Shares to the Trust in exchange
      for delivery, at the Closing, of the Capital Securities to the Contributors
      pursuant to the terms of this Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    1.2.    Operative
      Agreements.
The
      Capital Securities shall be fully and unconditionally guaranteed on a
      subordinated basis by the Company with respect to distributions and amounts
      payable upon liquidation, redemption or repayment (the “Guarantee”) pursuant and
      subject to the Guarantee Agreement (the “Guarantee Agreement”), to be dated as
      of the Closing Date and executed and delivered by the Company and Wilmington
      Trust Company (“WTC”), as trustee (the “Guarantee Trustee”), for the benefit
      from time to time of the holders of the Capital Securities.  The
      Spectrum Shares from the sale by the Trust to the holders of the Capital
      Securities shall be combined with the entire proceeds from the sale by the
      Trust
      to the Company of its common securities (the “Common Securities”), and shall be
      used by the Trust to purchase $15,464,000.00 in principal amount of the Fixed
      Rate Junior Subordinated Deferrable Interest Debentures (the “Debentures”) of
      the Company.  The Capital Securities and the Common Securities for the
      Trust shall be issued pursuant to an Amended and Restated Declaration of Trust
      among WTC, as Delaware trustee (the “Delaware Trustee”), WTC, as institutional
      trustee (the “Institutional Trustee”), the Administrators named therein, and the
      Company, to be dated as of the Closing Date (the “Trust
      Agreement”).  The Debentures shall be issued pursuant to an Indenture
      (the “Indenture”), to be dated as of the Closing Date, between the Company and
      WTC, as indenture trustee (the “Indenture Trustee”).  The documents
      identified in this Section 1.2 and in Section 1.1 are referred to
      herein as the “Operative Documents.”

     

    1.3.    Rights
      of
      Contributors. The
      Capital Securities shall be offered and exchanged with the Trust directly to
      the
      Contributors without registration of any of the Capital Securities, the Common
      Securities, the Debentures or the Guarantee under the Securities Act of 1933,
      as
      amended (the “Securities Act”), or any other applicable securities laws in
      reliance upon exemptions from the registration requirements of the Securities
      Act and other applicable securities laws.

     

    1.4.    Legends.
Upon
      original issuance thereof, and until such time as the same is no longer required
      under the applicable requirements of the Securities Act, the Capital Securities
      and Debentures certificates shall each contain a legend as required pursuant
      to
      any of the Operative Documents.

     

    Section
      2.  Purchase
of
      Capital
      Securities.

     

    2.1.    Exclusive
      Rights;
      Consideration. From
      the
      date hereof until the Closing Date (which date may be extended by mutual
      agreement of the Offerors and the Contributors), the Offerors hereby grant
      to
      the Contributors the exclusive right to purchase the Capital Securities through
      an exchange of the Capital Securities for the Spectrum Shares as stated in
      the
      Recitals and as set forth on Exhibit
      A.

     

    2.2.    Closing
      and Delivery of
      Payment.

     

    2.2.1.    Closing;
      Closing
      Date. The
      contribution of the Spectrum Shares by the Contributors in exchange for the
      issuance of the Capital Securities by the Trust to the Contributors shall take
      place at a closing (the “Closing”) at the offices of Lewis, Rice &
Fingersh, L.C., at 10:00 a.m. (St. Louis time) on the date hereof or
      such other business day as may be agreed upon by the Offerors and the
      Contributors (the “Closing Date”). 

     

    2.2.2.    Delivery.
      The
      certificates for the Capital Securities shall be in definitive form, registered
      in the name of each of the respective Contributors, or such Contributor’s
      designee, and in the aggregate amount of the Capital Securities purchased by
      the
      respective Contributor, as more particularly shown on Exhibit A attached
      hereto.

     

    2.2.3.    Transfer
      Agent. The
      Offerors shall deposit the certificates representing the Capital Securities
      with
      the Institutional Trustee or other appropriate party prior to the Closing
      Date.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

       

    

    2.3.    Failure
      to Close.
If
      any of
      the conditions to the Closing specified in this Agreement shall not have been
      fulfilled to the satisfaction of the Offerors and the Contributors, then each
      party hereto, notwithstanding anything to the contrary in this Agreement, shall
      be relieved of all further obligations under this Agreement without thereby
      waiving any rights it may have by reason of such nonfulfillment or
      failure.

     

    Section
      3.  Closing
      Conditions.
The
      obligations of the Contributors on the Closing Date shall be subject to the
      accuracy, at and as of the Closing Date, of the representations and warranties
      of the Offerors contained in this Agreement, to the accuracy, at and as of
      the
      Closing Date, of the statements of the Offerors made in any certificates
      pursuant to this Agreement, to the performance by the Offerors of their
      respective obligations under this Agreement, to compliance, at and as of the
      Closing Date, by the Offerors with their respective agreements herein contained,
      and to the following further conditions:

     

    3.1.    Officer’s
      Certificate. At
      the
      Closing Date, the Contributors shall have received certificates from an
      authorized officer of the Company, dated as of the Closing Date, stating that
      (i) the representations and warranties of the Offerors set forth in
      Section 5 hereof are true and correct as of the Closing Date and that the
      Offerors have complied with all agreements and satisfied all conditions on
      their
      part to be performed or satisfied at or prior to the Closing Date, and
      (ii) since the date of this Agreement the Offerors have not incurred any
      liability or obligation, direct or contingent, or entered into any material
      transactions, other than in the ordinary course of business, which is material
      to the Offerors.

     

    3.2.    Administrator’s
      Certificate. At
      the
      Closing Date, the Contributors shall have received a certificate of one or
      more
      Administrators of the Trust, dated as of the Closing Date, stating that the
      representations and warranties of the Trust set forth in Section 5 are true
      and correct as of the Closing Date and that the Trust has complied with all
      agreements and satisfied all conditions on its part to be performed or satisfied
      at or prior to the Closing Date.

     

    3.3.    Purchase
      Permitted by
      Applicable Laws; Legal Investment. The
      contribution of the Spectrum Shares in exchange for the Capital Securities
      as
      described in this Agreement shall (a) not be prohibited by any applicable
      law or governmental regulation, and (b) be permitted by the laws and regulations
      of the jurisdictions to which the Contributors are subject.

     

    3.4.    Tax
      Opinion.
At
      the
      Closing, the Contributors shall have received from Perry – Smith LLP an opinion,
      at the expense of Company, addressed to the Contributors to the effect that
      (i)
      the receipt of the Capital Securities defer and protect the capital gains tax
      treatment of the sale of the Spectrum Shares into an installment method of
      recognition; (ii) the Contributors at the onset will pay capital gains
      taxes on only the cash portion of their shares that are exchanged in the Merger;
      and (iii) the Contributors will be able to defer and recognize taxes on the
      capital gains method during the installment sale period and until final payment,
      liquidation or redemption of the Capital Securities.

     

    3.5.    Closing
      of Merger.
The
      Closing shall only occur immediately prior to the Merger Effective
      Time.

     

    Section
      4.  Conditions
      to the Offerors’
Obligations. The
      obligations of the Offerors to sell the Capital Securities to the Contributors
      and consummate the transactions contemplated by this Agreement shall be subject
      to the accuracy, at and as of the Closing Date, of the representations and
      warranties of the Contributors contained in this Agreement and to the following
      further conditions:

     

    4.1.    Executed
      Agreement.
The
      Offerors shall have received from the Contributors an executed copy of this
      Agreement.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

       

    

    4.2.    Fulfillment
      of Other
      Obligations. The
      Contributors shall have fulfilled all of their other obligations and duties
      required to be fulfilled under this Agreement prior to or at the
      Closing.

     

    4.3.    Consents
      and Permits.
The
      Company and the Trust shall have received all consents, permits and other
      authorizations, including, without limitation, approval of the Federal Reserve
      (as defined in Section 5.7) of the transactions contemplated hereby except
      for redemption of the Capital Securities by the Trust prior to the fifth
      anniversary of the Closing, and made all such filings and declarations, as
      may
      be required from any person or entity pursuant to any law, statute, regulation
      or rule (federal, state, local and foreign), or pursuant to any agreement,
      order
      or decree to which the Company or the Trust is a party or to which either is
      subject, in connection with the transactions contemplated by this
      Agreement.

     

    4.4.    Closing
      Under Merger
      Agreement. The
      Closing shall only occur immediately prior to the Merger Effective
      Time.

     

    Section
      5.  Representations
      and
      Warranties of the Offerors. The
      Offerors jointly and severally represent and warrant to the Contributors as
      of
      the date hereof and as of the Closing Date as follows:

     

    5.1.    Securities
      Law
      Matters.

     

    (a)           
Neither
      the
      Company nor the Trust, nor any of their “Affiliates” (as defined in
      Rule 501(b) of Regulation D under the Securities Act
      (“Regulation D”)), nor any person acting on any of their behalf has,
      directly or indirectly, made offers or sales of any security, or solicited
      offers to buy any security, under circumstances that would require the
      registration under the Securities Act of any of the Capital Securities, the
      Common Securities, the Guarantee or the Debentures (collectively, the
“Securities”) or any other securities to be issued, or which may be issued, by
      the Contributors.

    

    (b)           
Neither
      the
      Company nor the Trust, nor any of their Affiliates, nor any person acting on
      its
      or their behalf has (i) offered for sale or solicited offers to purchase
      the Securities, or (ii) engaged in any form of offering, general
      solicitation or general advertising (within the meaning of Regulation D) in
      connection with any offer or sale of any of the Securities.

    

    (c)           
The
      Securities satisfy the eligibility requirements of Rule 144A(d)(3) under
      the Securities Act.

    

    (d)           
Neither
      the
      Company nor the Trust is or, after giving effect to the offering and sale of
      the
      Capital Securities and the consummation of the transactions described in this
      Agreement, will be an “investment company” or an entity “controlled” by an
“investment company,” in each case within the meaning of Section 3(a) of
      the Investment Company Act of 1940, as amended (the “Investment Company Act”),
      without regard to Section 3(c) of the Investment Company Act.

    

    (e)           
Except
      as
      provided in Section 3.5, neither the Company nor the Trust has paid or agreed
      to
      pay to any person or entity any compensation for soliciting another to purchase
      any of the Securities.

     

    5.2.    Organization,
      Standing and Qualification of the Trust. The
      Trust
      has been duly created and is validly existing in good standing as a statutory
      trust under the Delaware Statutory Trust Act with the power and authority to
      own
      property and to conduct the business it transacts and proposes to transact
      and
      to enter into and perform its obligations under the Operative
      Documents.  The Trust is duly qualified to transact business as a
      foreign entity and is in good standing in each jurisdiction in which such
      qualification is necessary, except where the failure to so qualify or be in
      good
      standing would not have a material adverse effect on the Trust.  The
      Trust is not a party to or otherwise bound by any agreement other than the
      Operative Documents.  The Trust is and will, under current law, be
      classified for federal income tax purposes as a grantor trust and not as an
      association taxable as a corporation.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

       

    

    5.3.    Trust
      Agreement.
The
      Trust
      Agreement has been duly authorized by the Company and, on the Closing Date,
      will
      have been duly executed and delivered by the Company and the Administrators
      of
      the Trust, and, assuming due authorization, execution and delivery by the
      Delaware Trustee and the Institutional Trustee, will be a valid and binding
      obligation of the Company and such Administrators, enforceable against them
      in
      accordance with its terms, subject to (a) applicable bankruptcy,
      insolvency, moratorium, receivership, reorganization, liquidation and other
      laws
      relating to or affecting creditors’ rights generally, and (b) general
      principles of equity (regardless of whether considered and applied in a
      proceeding in equity or at law) (“Bankruptcy and Equity”).  Each of
      the Administrators of the Trust is an employee or a director of the Company
      or
      of a financial institution subsidiary of the Company and has been duly
      authorized by the Company to execute and deliver the Trust
      Agreement.

     

    5.4.    Guarantee
      Agreement and the
      Indenture. Each
      of
      the Guarantee and the Indenture has been duly authorized by the Company and,
      on
      the Closing Date will have been duly executed and delivered by the Company,
      and,
      assuming due authorization, execution and delivery by the Guarantee Trustee,
      in
      the case of the Guarantee, and by the Indenture Trustee, in the case of the
      Indenture, will be a valid and binding obligation of the Company enforceable
      against it in accordance with its terms, subject to Bankruptcy and
      Equity.

     

    5.5.    Capital
      Securities and
      Common Securities. The
      Capital Securities and the Common Securities have been duly authorized by the
      Trust Agreement and, when issued and delivered against receipt of the Spectrum
      Shares on the Closing Date from the Contributors, in the case of the Capital
      Securities, and to the Company, in the case of the Common Securities, will
      be
      validly issued and represent undivided beneficial interests in the assets of
      the
      Trust.  None of the Capital Securities or the Common Securities is
      subject to preemptive or other similar rights.  On the Closing Date,
      all of the issued and outstanding Common Securities will be directly owned
      by
      the Company free and clear of any pledge, security interest, claim, lien or
      other encumbrance.

     

    5.6.    Debentures.
      The
      Debentures have been duly authorized by the Company and, at the Closing Date,
      will have been duly executed and delivered to the Indenture Trustee for
      authentication in accordance with the Indenture, and, when authenticated in
      the
      manner provided for in the Indenture and delivered against payment and delivery
      of the Spectrum Shares therefor by the Trust, will constitute valid and binding
      obligations of the Company entitled to the benefits of the Indenture enforceable
      against the Company in accordance with their terms, subject to Bankruptcy and
      Equity.

     

    5.7.    Organization,
      Standing and
      Qualification of the Company. The
      Company has been duly incorporated and is validly existing as a corporation
      in
      good standing under the laws of the State of California and, on the Closing
      Date, will be registered as a bank holding company under the Bank Holding
      Company Act of 1956, as amended, and the regulations of the Board of Governors
      of the Federal Reserve System (the “Federal Reserve”).  The Company
      has all requisite corporate power and authority to own, lease and operate its
      properties and assets and to carry on its businesses as presently
      conducted.  Neither the scope of the business of the Company nor the
      location of any of its properties requires that the Company be licensed to
      do
      business in any jurisdiction other than in California where the failure to
      be so
      licensed would have a Material Adverse Effect.  As used herein, the
      term “Material Adverse Effect” means, with respect to any party, any change,
      circumstance or effect, individually or in the aggregate, that is materially
      adverse (i) to the business, results of operations, prospects, or condition
      (financial or otherwise), of such party and its subsidiaries taken as a whole,
      other than any change, circumstance or effect relating to (A) changes,
      after the date hereof, in generally accepted accounting principles or regulatory
      accounting requirements applicable to banks generally, except to the extent
      such
      change disproportionately adversely 

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    affects
      such party, (B) changes, after the date hereof, in laws of general
      applicability or interpretations thereof by courts or governmental authorities,
      (C) actions or omissions by any Contributor taken with the prior written
      permission of the Company or upon the recommendation of the Company or required
      under this Agreement, or (D) changes, after the date hereof, in global or
      national or regional political conditions (including the outbreak of war or
      acts
      of terrorism) or in general or regional economic or market conditions affecting
      banks or their holding companies generally except to the extent that any such
      changes in general or regional economic or market conditions have a
      disproportionate adverse effect on such party, or (ii) to the ability of
      such party to timely consummate the transactions contemplated by this
      Agreement.

     

    5.8.    Power
      and
      Authority. The
      execution and delivery by the Company and the Trust of this Agreement and the
      consummation of the transactions contemplated hereby have been duly and validly
      authorized by all necessary corporate action on the part of the Company and
      the
      Trust, and this Agreement is a valid and binding obligation of the Company
      and
      the Trust, enforceable in accordance with its terms, except as the
      enforceability thereof may be limited by Bankruptcy and Equity.

     

    5.9.    Conflicts,
      Authorizations and Approvals. Neither
      the execution and delivery by the Company of this Agreement or the transactions
      contemplated herein, nor compliance by the Company with any of the provisions
      hereof, will:  (a) violate any provision of its articles or
      certificate of incorporation, charter or by-laws or similar organizational
      documents; (b) constitute a breach of or result in a default (or give rise
      to any rights of termination, cancellation or acceleration, or any right to
      acquire any securities or assets) under any of the terms, conditions or
      provisions of any note, bond, mortgage, indenture, franchise, license, permit,
      agreement, encumbrances or other instrument or obligation to which
      it  is a party, or by which the Company or any of its properties or
      assets is bound, if in any such circumstances, such event could have a Material
      Adverse Effect; or (c) assuming that the consents referred to in the
      following sentence are duly obtained, violate any statute or law or any
      judgment, decree, injunction, order, regulation or rule (collectively, a “Rule”)
      of any Regulatory Agency (as defined below) applicable to the Company or any
      of
      its properties or assets.  No consent of any Regulatory Agency (as
      defined below) having jurisdiction over any aspect of the business or assets
      of
      the Company, and no consent of any person or shareholder approval, is required
      in connection with the execution and delivery by the Company of this Agreement
      or the consummation of the transactions contemplated hereby, except approvals
      or
      consents required under the Merger Agreement and consent from the Federal
      Reserve to any redemption of the Capital Securities or Debentures.  As
      used herein, the term “Regulatory Agency” means any federal or state agency
      charged with the supervision or regulation of depository institutions, bank,
      financial or savings and loan holding companies, or engaged in the insurance
      of
      depository institution deposits, or any court, administrative agency or
      commission or other governmental agency, authority or instrumentality having
      supervisory or regulatory authority with respect to the Company or any of the
      Subsidiaries (as defined in Section 5.10).

     

    5.10.   Litigation.  The
      Offerors are not a party to any pending or, to their knowledge, threatened
      legal, administrative or other claim, action, suit, investigation, arbitration
      or proceeding challenging the validity or propriety of any of the transactions
      contemplated by this Agreement or which, individually or in the aggregate,
      is
      otherwise reasonably likely to hinder or delay consummation of the transactions
      contemplated by this Agreement.  There is no private or governmental
      suit, claim, action, investigation or proceeding pending, nor to Offerors’
knowledge is one threatened, against the Company or (as defined in Section
      1-02(x) of Regulation S-X to the Securities Act) (the “Subsidiaries”), or
      against any of their respective directors, officers or employees relating to
      the
      performance of their duties in such capacities or against or affecting any
      properties of the Company or the Subsidiaries.  There are no
      judgments, decrees, stipulations or orders against the Company or the
      Subsidiaries enjoining them or any of their respective directors, officers
      or
      employees in respect of, or the effect of which is to prohibit, any business
      practice or the acquisition of any property or the conduct of business in any
      area of the Company or the Subsidiaries.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

       

    

    5.11.   Compliance
      with Laws and
      Regulations. The
      Company is not in default under or in breach of any provision of its articles
      or
      certificate of incorporation, charter or by-laws or similar organizational
      documents or any Rule promulgated by any Regulatory Agency having authority
      over
      it or any agreement with any Regulatory Agency, where such default or breach
      would have a Material Adverse Effect.

     

    5.12.   Licenses
      and Permits.
The
      Company has all licenses and permits that are necessary for the conduct of
      its
      businesses, and such licenses are in full force and effect, except for any
      failure to be in full force and effect that would not have a Material Adverse
      Effect.   The properties and operations of the Company are and
      have been maintained and conducted, in all material respects, in compliance
      with
      all applicable Rules.

     

    5.13.   Performance
      of
      Obligations. The
      Company has performed all of the material obligations required to be performed
      by it to date and is not in material default or breach of any term or provision
      of any material contract, and no event has occurred that, with the giving of
      notice or the passage of time or both, would constitute such default or
      breach.

     

    Section
      6.  Representations
      and
      Warranties of the Contributors. Each
      Contributor represents and warrants to the Offerors as to himself (but not
      as to
      the other Contributors) as follows:

     

    6.1.    Securities
      Law
      Matters.

     

    (a)           
The
      Contributors understand and acknowledge that none of the Capital Securities,
      the
      Debentures or the Guarantee have been registered under the Securities Act or
      any
      other applicable securities law, are being offered for sale by the Trust in
      transactions not requiring registration under the Securities Act, and may not
      be
      offered, sold, pledged or otherwise transferred by the Contributors except
      in
      compliance with the registration requirements of the Securities Act or any
      other
      applicable securities laws, pursuant to an exemption therefrom or in a
      transaction not subject thereto.

     

    (b)           
The
      Contributors are purchasing the Capital Securities for their own account, for
      investment, and not with a view to, or for offer or sale in connection with,
      any
      distribution thereof in violation of the Securities Act or other applicable
      securities laws, subject to any requirement of law that the disposition of
      their
      property be at all times within their control and subject to their ability
      to
      resell such Capital Securities pursuant to an effective registration statement
      under the Securities Act or under Rule 144A or any other exemption from
      registration available under the Securities Act or any other applicable
      securities law.

     

    (c)           
The
      Contributors (a) have consulted with their own legal, regulatory, tax, business,
      investment, financial and accounting advisers in connection herewith to the
      extent they have deemed necessary, (b) have had a reasonable opportunity to
      ask
      questions of and receive answers from officers and representatives of the
      Offerors concerning their respective financial condition and results of
      operations and the purchase of the Capital Securities, and any such questions
      have been answered to their satisfaction, (c) have had the opportunity to review
      all publicly available records and filings concerning the Offerors and they
      have
      carefully reviewed such records and filings that they consider relevant to
      making an investment decision, (d) have made their own investment decisions
      based upon their own judgment, due diligence and advice from such advisers
      as
      they have deemed necessary and not upon any view expressed by the Offerors,
      and
      (e) are 21 years of age or over, are a bona-fide resident of the State of
      California, and agree that, in the event of a change in address of any
      Contributor’s principal residence, such Contributor will promptly notify
      Company.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

       

    

    (d)           
Each
      Contributor is an “accredited investor” within the meaning of subparagraph
      (a)(5) or (a)(6) of Regulation D under the Securities Act.

     

    (e)           
The
      Contributors agree that they shall not hold the Capital Securities for the
      benefit of any other person and shall be the sole beneficial owner thereof
      for
      all purposes and that they shall not sell participation interests in the Capital
      Securities or enter into any other arrangement pursuant to which any other
      person shall be entitled to a beneficial interest in the distribution on the
      Capital Securities. The Contributors understand and agree that any purported
      transfer of the Capital Securities to a purchaser which would cause the
      representations and warranties of Section 6.1(d) and this Section 6.1(e) to
      be
      inaccurate shall be null and void ab initio and the Offerors
      retain the right to resell any Capital Securities sold to non-permitted
      transferees.

     

    6.2.    Offerors’
      Not Advisors.
The
      Offerors are not acting as a fiduciary or financial or investment advisor for
      the Contributors, and the Contributors are not relying (for purposes of making
      any investment decision or otherwise) upon any advice, counsel or
      representations (whether written or oral) of the Offerors.

     

    6.3.    Power
      and
      Authority. The
      Contributors have full power and authority to execute and deliver this
      Agreement, to make the representations and warranties specified herein, and
      to
      consummate the transactions contemplated herein and they have full right and
      power to subscribe for Capital Securities and perform their obligations pursuant
      to this Agreement.  The Contributors further represent and warrant
      that this Agreement has been duly authorized, executed and delivered by each
      of
      the Contributors.  Each Contributor that is a trust represents and
      warrants that the individual who is signing on behalf of such trust is the
      duly
      authorized trustee of such trust, with full power and authority to execute
      this
      Agreement and carry out the transactions contemplated by this Agreement, that
      the transactions contemplated by this Agreement do not conflict with any
      provisions of such trust’s trust document, and that no approvals by any other
      persons or entities (including, without limitation, any beneficiaries of such
      trust) are necessary to enter into this Agreement or carry out the transactions
      contemplated by this Agreement, except those consents or approvals which have
      already been obtained.

     

    6.4.    No
      Consents or
      Authorizations. No
      filing
      with, or authorization, approval, consent, license, order, registration,
      qualification or decree of, any governmental body, agency or court having
      jurisdiction over the Contributors, other than those that have been made or
      obtained, is necessary or required for the performance by the Contributors
      of
      their obligations under this Agreement or to consummate the transactions
      contemplated herein.

     

    6.5.    Reliance
      on Representations
      and Warranties. The
      Contributors understand and acknowledge that the Company will rely upon the
      truth and accuracy of the foregoing acknowledgments, representations, warranties
      and agreements and agree that, if any of the acknowledgments, representations,
      warranties or agreements deemed to have been made by them by their purchase
      of
      the Capital Securities are no longer accurate, they shall promptly notify the
      Company.

     

    6.6.    No
      Public
      Market for Capital Securities. The
      Contributors understand that no public market exists for any of the Capital
      Securities, and that it is unlikely that a public market will ever exist for
      the
      Capital Securities.

     

    Section
      7.  Covenants
      of the
      Offerors. The
      Offerors covenant and agree with the Contributors as follows:

     

    7.1.    Compliance
      with
      Representations and Warranties. During
      the period from the date of this Agreement to the Closing Date, the Offerors
      shall use their best efforts and take all action necessary or appropriate to
      cause their representations and warranties contained in Section 5 hereof to
      be true as of the Closing Date, after giving effect to the transactions
      contemplated by this Agreement, as if made on and as of the Closing
      Date.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

       

    

    7.2.    Sale
      and Registration of
      Securities. The
      Offerors and their Affiliates shall not nor shall any of them permit any person
      acting on their behalf, to directly or indirectly (i) sell, offer for sale
      or solicit offers to buy or otherwise negotiate in respect of any security
      (as
      defined in the Securities Act) that would or could be integrated with the sale
      of the Capital Securities in a manner that would require the registration under
      the Securities Act of the Securities or (ii) make offers or sales of any
      such Security, or solicit offers to buy any such Security, under circumstances
      that would require the registration of any of such Securities under the
      Securities Act.

     

    7.3.    Use
      of
      Proceeds. The
      Trust
      shall use the proceeds from the Spectrum Shares and the sale of the Capital
      Securities and the Common Securities to purchase the Debentures from the
      Company.

     

    7.4.    Investment
      Company. The
      Offerors shall not engage, or permit any Subsidiary to engage, in any activity
      which would cause it or any Subsidiary to be an “investment company” under the
      provisions of the Investment Company Act.

     

    7.5.    Solicitation
      and
      Advertising. In
      connection with any offer or sale of any of the Securities, the Offerors shall
      not, nor shall either of them permit any of their Affiliates or any person
      acting on their behalf, to engage in any form of general solicitation or general
      advertising (as defined in Regulation D).

     

    7.6.    Compliance
      with
      Rule 144A(d)(4) under the Securities Act.  

     

    So
      long
      as any of the Securities are outstanding and are “restricted securities” within
      the meaning of Rule 144(a)(3) under the Securities Act, the Offerors will,
      during any period in which they are not subject to and in compliance with
      Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), or the Offerors are not exempt from such reporting requirements
      pursuant to and in compliance with Rule 12g3-2(b) under the Exchange Act,
      provide to each holder of such restricted securities and to each prospective
      purchasers (as designated by such holder) of such restricted securities, upon
      the request of such holder or prospective purchasers in connection with any
      proposed transfer, any information required to be provided by
      Rule 144A(d)(4) under the Securities Act, if applicable.  This
      covenant is intended to be for the benefit of the holders, and the prospective
      purchasers designated by such holders, from time to time of such restricted
      securities.  The information provided by the Offerors pursuant to this
      Section 7.6 will not, at the date thereof, contain any untrue statement of
      a material fact or omit to state any material fact necessary to make the
      statements therein, in light of the circumstances under which they were made,
      not misleading.

     

    Section
      8.  Rights
      and Responsibilities
      of Contributors.

     

    8.1.    Reliance.
      In
      performing their duties under this Agreement, the Contributors shall be entitled
      to rely upon any notice, signature or writing which they shall in good faith
      believe to be genuine and to be signed or presented by a proper party or
      parties.  The Contributors may rely upon any opinions or certificates
      or other documents delivered by the Offerors or their counsel or designees
      to
      the Contributors.

     

    8.2.    Redemption
      of Capital
      Securities; Federal Reserve Approval. Contributors
      understand and acknowledge that any redemption of the Capital Securities by
      the
      Trust may be effected only with the prior approval of the Federal Reserve,
      which
      approval may be granted or denied in the sole discretion of the Federal
      Reserve.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

       

    

    Section
      9.  Miscellaneous.

     

    9.1.    Non-Disclosure. Except
      as
      required by applicable law, including without limitation securities laws and
      regulations promulgated thereunder, the Offerors shall not, and will cause
      their
      advisors and representatives not to, issue any press release or other public
      statement regarding the transactions contemplated by this Agreement or the
      Operative Documents prior to or on the Closing Date.  Notwithstanding
      anything to the contrary, the Offerors may (1) consult any tax advisor
      regarding U.S. federal income tax treatment or tax structure of the transaction
      contemplated under this Agreement and the Operative Documents and
      (2) disclose to any and all persons, without limitation of any kind, the
      U.S. Federal income tax structure (in each case, within the meaning of Treasury
      Regulation § 1.6011-4) of the transaction contemplated under this Agreement and
      the Operative Documents and all materials of any kind (including opinions or
      other tax analyses) that are provided to you relating to such tax treatment
      and
      tax structure.  For this purpose, “tax structure” is limited to any
      facts relevant to the U.S. federal income tax treatment of the transaction
      and
      does not include information relating to identity of the parties.

     

    9.2.    Notices. Prior
      to
      the Closing, and thereafter with respect to matters pertaining to this Agreement
      only, all notices and other communications provided for or permitted hereunder
      shall be made in writing by hand-delivery, first-class mail, telecopier,
      electronic mail or overnight air courier guaranteeing next day
      delivery:

     

    
    

    
      	if
              to the
              Contributors, to: 	 
	 	
              Mr.
                Thomas R. Timmons

              
                22421
                  Rosebriar

                Mission
                  Viejo, CA 92692

                E-Mail:  trt@cox.net

                Telephone:  949-581-7811

              

            
	 	 
	 	
              Mr.
                Ronald H. Gabriel

              1011
                Wemar Way

              Montebello,
                CA 90640

              Telecopier:  562-699-3284

              Telephone:  562-699-1051 

            
	 	 
	 	
              Mr.
                Aldo J. and Mrs. Helen L. De Soto

              8558
                La Sierra Avenue

              Whittier,
                CA 90605

              E-Mail :  AldoJusto@aol.com

              Telephone:  562-696-2523 

            

    

     

     

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    
      	with
              a copy
              to: 	 
	 	
              Richard
                E. Knecht, A Professional Corporation

              1301
                Dove Street, Suite 900

              Newport
                Beach, California  92660

              E-Mail:  Rknecht@knechtlaw.com

              Telephone:  949-851-6130 

            
	 	 
	if
              to the Offerors,
              to: 	 
	 	
              Belvedere
                SoCal

              1
                Maritime Plaza

              Suite
                825

              San
                Francisco, CA  94111

              Telecopier:  415-434-9918

              Telephone:  415-434-1236

              Attention:  Alan
                Lane 

            
	 	 
	with
              a copy
              to: 	 
	 	
              Reitner,
                Stuart & Moore

              1319
                Marsh Street

              San
                Luis Obispo, California  93401

              Telecopier:  805-545-8599

              Telephone:  805-545-8590

              Attention:  John
                F. Stuart 

            

    

     

    All
      such
      notices and communications shall be deemed to have been duly given (i) at
      the time delivered by hand, if personally delivered, (ii) five business
      days after being deposited in the mail, postage prepaid, if mailed,
      (iii) the next business day after being telecopied, (iv) at the time
      delivered, if sent with a request for confirmation of receipt, or (v) the
      next business day after timely delivery to a courier, if sent by overnight
      air
      courier guaranteeing next day delivery.  From and after the Closing,
      the foregoing notice provisions shall be superseded by any notice provisions
      of
      the Operative Documents under which notice is given.  The
      Contributors, the Offerors, and their respective counsel, may change their
      respective notice addresses from time to time by written notice to all of the
      foregoing persons.

     

    9.3.    Parties
      in Interest,
      Successors and Assigns. Except
      as
      expressly set forth herein, this Agreement is made solely for the benefit of
      the
      Contributors and the Offerors and any person controlling the Contributors or
      the
      Offerors and their respective successors and assigns; and no other person shall
      acquire or have any right under or by virtue of this Agreement.  This
      Agreement shall inure to the benefit of and be binding upon the successors
      and
      assigns of each of the parties.

     

    9.4.    Counterparts.
      This
      Agreement may be executed by the parties hereto in separate counterparts, each
      of which when so executed shall be deemed to be an original and all of which
      taken together shall constitute one and the same agreement.

     

    9.5.    Headings.
      The
      headings in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect the meaning hereof.

     

    9.6.    Governing
      Law. THIS
      AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL
      LAWS (AND NOT THE LAWS PERTAINING TO CONFLICTS OF LAWS) OF THE STATE OF
      CALIFORNIA.

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

       

    

    9.7.    Entire
      Agreement. This
      Agreement, together with the Operative Documents and the other documents
      delivered in connection with the transactions contemplated by this Agreement,
      is
      intended by the parties as a final expression of their agreement and intended
      to
      be a complete and exclusive statement of the agreement and understanding of
      the
      parties hereto in respect of the subject matter contained herein and
      therein.  There are no restrictions, promises, warranties or
      undertakings, other than those set forth or referred to herein and
      therein.  This Agreement, together with the Operative Documents and
      the other documents delivered in connection with the transaction contemplated
      by
      this Agreement, supersedes all prior agreements and understandings between
      the
      parties with respect to such subject matter.

     

    9.8.    Severability. In
      the
      event that any one or more of the provisions contained herein, or the
      application thereof in any circumstances, is held invalid, illegal or
      unenforceable in any respect for any reason, the validity, legality and
      enforceability of any such provision in every other respect and of the remaining
      provisions hereof shall not be in any way impaired or affected, it being
      intended that all of the Contributors’ rights and privileges shall be
      enforceable to the fullest extent permitted by law.

     

    9.9.    Survival.
      The
      Contributors and the Offerors, respectively, agree that the representations,
      warranties and agreements made by each of them in this Agreement and in any
      certificate or other instrument delivered pursuant hereto shall remain in full
      force and effect and shall survive the delivery of, and payment for, the Capital
      Securities.

     

    Signatures
      appear on the following page

     

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, this Agreement has
      been entered into as of the date first written above.

     

    
    

    
      	 	Very
              truly
              yours, 
	 	 
	 	BELVEDERE
              SOCAL 
	 	 
	 	By:____________________________________ 
	 	Name:__________________________________ 
	 	Title:___________________________________ 
	 	 
	 	BELVEDERE
              SOCAL STATUTORY TRUST I 
	 	 
	 	By:____________________________________ 
	 	Name:__________________________________ 
	 	Title:  Administrator 
	 	 
	 	THOMAS
              R.
              TIMMONS 
	 	 
	 	_______________________________________ 
	 	 
	 	RONALD
              H.
              GABRIEL  
	 	 
	 	_______________________________________  
	 	 
	 	GABRIEL
              FAMILY TRUST 
	 	 
	 	By:____________________________________ 
	 	Name:  Ronald
              H. Gabriel 
	 	Title:  Trustee 
	 	 
	 	
              THE
                DE SOTO FAMILY TRUST 

            
	 	 
	 	By:____________________________________  
	 	Name:  Aldo
              J. DeSoto 
	 	Title:  Trustee 
	 	 
	 	By:____________________________________   
	 	Name:  Helen
              L. Desoto  
	 	Title:  Trustee 

    

     

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A

     

    
      	
              NAME
                OF 

              CONTRIBUTOR

            	
              VALUE
                OF CAPITAL

              SECURITIES
                TO BE

              RECEIVED
                BY

              CONTRIBUTORS

            	
              NUMBER
                OF

              SPECTRUM
                SHARES

              TO
                BE DELIVERED

              TO
                COMPANY

            
	
              
              

              Thomas
                R. Timmons

            	
              
              

              $2,052,588

            	
              
              

              44,485

            
	
              
              

              Ronald
                H. Gabriel

            	
              
              

              $8,403,024

            	
              
              

              182,115

            
	
              
              

              Ronald
                H. Gabriel, Ttee, GFT

            	
              
              

              $3,515,574

            	
              
              

              76,191

            
	
              
              

              Aldo
                J. & Helen L. DeSoto, Ttees,  DSFT

            	
              
              

              $1,028,815

            	
              
              

              22,297

            

    

    

     

    A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]