Document:

exv4w1

Exhibit 4.1

[FACE OF NOTE]

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A
NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

UNLESS AND UNTIL THIS NOTE IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS
NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY DTC TO A NOMINEE THEREOF OR BY A NOMINEE THEREOF
TO DTC OR ANOTHER NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR OF DTC OR A NOMINEE
OF SUCH SUCCESSOR.

THIS NOTE IS NOT A DEPOSIT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE
BANK INSURANCE FUND, THE SAVINGS ASSOCIATION INSURANCE FUND OR ANY OTHER GOVERNMENTAL AGENCY.

	 	 	 	 	 
	REGISTERED

	 	CUSIP No.:
	 	PRINCIPAL AMOUNT:
	No. FXR-__
	 	 	 	 
	 

	 	 
	 	 

ASSOCIATED BANC-CORP

INTERNOTE

(Fixed Rate)

	 	 	 	 	 
	ORIGINAL ISSUE DATE:

	 	INTEREST RATE:     %
	 	STATED MATURITY DATE:
	 
	 	 	 	 
	INTEREST PAYMENT 

FREQUENCY:

	 	 	 	REDEMPTION OPTION:
	o Monthly

	 	o Semi-Annually
	 	o Yes
	o Quarterly

	 	o Annually
	 	o No
	 
	 	 	 	 
	INITIAL REDEMPTION 

DATE:

	 	INITIAL REDEMPTION

PERCENTAGE:     %
	 	ANNUAL REDEMPTION

PERCENTAGE REDUCTION:     %
	 
	 	 	 	 
	AUTHORIZED

	 	ADDENDUM ATTACHED:	 	 
	DENOMINATION:
	 	 	 	 
	o $1,000 and
integral multiples

thereof

	 	o Yes

o No	 	 
	o Other:
	 	 	 	 
	 
	 	 	 	 
	OTHER/ADDITIONAL 

PROVISIONS:
	 	 	 	 

 

 

     Associated Banc-Corp, a corporation duly organized and existing under the laws of Wisconsin
(the “Issuer”, which term includes any successor corporation under the Indenture hereinafter
referred to), for value received, hereby promises to pay to Cede & Co., as nominee of DTC, or
registered assigns, the Principal Amount stated above on the Stated Maturity Date specified on the
face hereof (or any Redemption Date, as defined on the reverse hereof, or any earlier date of
acceleration of maturity) (each such date being hereinafter referred to as the “Maturity Date” with
respect to the principal repayable on such date) and to pay interest thereon (and on any overdue
principal, premium and/or interest to the extent legally enforceable) at the Interest Rate per
annum specified on the face hereof, until the principal hereof is paid or duly made available for
payment. The Issuer will pay interest in arrears on each Interest Payment Date (as defined below),
if any, commencing with the first Interest Payment Date next succeeding the Original Issue Date
specified on the face hereof, and on the Maturity Date; provided, however, that if
the Original Issue Date occurs between a Record Date (as defined below) and the next succeeding
Interest Payment Date, interest payments will commence on the second Interest Payment Date next
succeeding the Original Issue Date to the registered holder (the “Holder”) of this Note on the
Record Date with respect to such second Interest Payment Date. Interest on this Note will be
computed on the basis of a 360-day year of twelve 30-day months. The Interest Payment Dates for a
Note that provides for monthly interest payments shall be the fifteenth day of each calendar month,
commencing in the calendar month that next succeeds the month of the Original Issue Date; in the
case of a Note that provides for quarterly interest payments, the Interest Payment Dates shall be
the fifteenth day of each third month, commencing in the third succeeding calendar month following
the month of the Original Issue Date; in the case of a Note that provides for semi-annual interest
payments, the Interest Payment Dates shall be the fifteenth day of each sixth month, commencing in
the sixth succeeding calendar month following the month of the Original Issue Date; and in the case
of a Note that provides for annual interest payments, the Interest Payment Dates shall be the
fifteenth day of every twelfth month, commencing in the twelfth succeeding calendar month following
the month of the Original Issue Date (each, an “Interest Payment Date”).

     Interest on this Note will accrue from, and including, the immediately preceding Interest
Payment Date to which interest has been paid or duly provided for (or from, and including, the
Original Issue Date if no interest has been paid or duly provided for) to, but excluding, the
applicable Interest Payment Date or the Maturity Date, as the case may be. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date will, subject to
certain exceptions described herein, be paid to the person in whose name this Note (or one or more
predecessor Notes, as defined on the reverse hereof) is registered at the close of business on the
first day of the calendar month (whether or not a Business Day, as defined below) in which such
Interest Payment Date occurs (the “Record Date”); provided, however, that interest
payable on the Maturity Date will be payable to the person to whom the principal hereof and
premium, if any, hereon shall be payable. Any such interest not so punctually paid or duly
provided for on any Interest Payment Date other than the Maturity Date (“Defaulted Interest”) shall
forthwith cease to be payable to the Holder on the close of business on any Record Date and,
instead, shall be paid to the person in whose name this Note (or one or more predecessor Notes) is
registered at the close of business on a special record date (the “Special Record Date”) for the
payment of such Defaulted Interest to be fixed by the Trustee (as defined on the reverse hereof)
hereinafter referred to, notice whereof shall be given to the Holder of this Note by the

2

 

Trustee not less than 10 calendar days prior to such Special Record Date or may be paid at any
time in any other lawful manner, all as more fully provided for in the Indenture.

     Payment of principal, premium, if any, and interest in respect of this Note due on the
Maturity Date will be made in immediately available funds upon presentation and surrender of this
Note (and, with respect to any applicable repayment of this Note, upon delivery of instructions as
contemplated on the reverse hereof) at the office or agency of the Issuer maintained for that
purpose in New York, New York, in such coin or currency of the United Stated of America as at the
time of payment is legal tender for payment of public and private debts. The Issuer hereby
initially designates the Corporate Trust Office of the Trustee as the office to be maintained by it
where this Note may be presented for payment, registration of transfer or exchange and where
notices or demands to or upon the Issuer, in respect of this Note or the Indenture may be served.
Payment of interest due on any Interest Payment Date other than the Maturity Date will be made at
the aforementioned office or agency maintained by the Issuer or, at the option of the Issuer, by
check mailed to the address of the person entitled thereto as such address shall appear in the
Security Register maintained by the Trustee; provided, however, that a Holder of
$10,000,000 or more in aggregate principal amount of Notes (whether having identical or different
terms and provisions) will be entitled to receive interest payments on such Interest Payment Date
by wire transfer of immediately available funds if such Holder has delivered appropriate wire
transfer instructions in writing to the Trustee not less than 15 calendar days prior to such
Interest Payment Date. Any such wire transfer instructions received by the Trustee shall remain in
effect with respect to interest payments due on future Interest Payment Dates until revoked by such
Holder.

     If any Interest Payment Date or the Maturity Date falls on a day that is not a Business Day,
the required payment of principal, premium, if any, and/or interest shall be made on the next
succeeding Business Day with the same force and effect as if made on the date such payment was due,
and no interest shall accrue with respect to such payment for the period from and after such
Interest Payment Date or the Maturity Date, as the case may be, to the date of such payment on the
next succeeding Business Day.

     As used herein, “Business Day” means any day, other than a Saturday or Sunday, that is neither
a legal holiday nor a day on which banking institutions are authorized or required by law or
regulation to close in New York, New York or Chicago, Illinois.

     The Notes will be subordinated in right of payment to the Issuer’s Senior Indebtedness (as
defined in the Indenture) and, under certain circumstances described below, to all Other Financial
Obligations (as defined in the Indenture) of the Issuer. The Notes will also be structurally
subordinated to all of the existing and future liabilities of each of the subsidiaries of the
Issuer. The Issuer will not be able to make any principal, premium or interest payments on the
Notes or redeem the Notes if there is a default or Event of Default (as defined in the Indenture)
on any Senior Indebtedness that is not remedied. In connection with a distribution of its assets
to creditors pursuant to a dissolution, winding up, liquidation, reorganization or receivership,
then any principal, premium, interest or other amounts owing to holders of the Issuer’s Senior
Indebtedness will be paid to those holders before any Holders of the Notes will be paid. If, after
the Issuer has made those payments on the Senior Indebtedness, there are amounts available for
payment on the Notes and creditors who hold Other Financial Obligations

3

 

have not received their full payment, then the Issuer will first use amounts available for
payment on the Notes to pay in full all Other Financial Obligations before the Issuer may make any
payment on the Notes. In addition, if the Issuer repays any principal on any Note before the
applicable Stated Maturity Date or Redemption Date to the Holder of the Notes of the Trustee, the
holders of the Issuer’s Senior Indebtedness will have first rights to such amounts. Until all
Senior Indebtedness is repaid in full, the Holders of the Notes will be subject to the rights of
the holders of Senior Indebtedness to receive payments or distributions of the assets of the
Issuer.

     Reference is hereby made to the further provisions of this Note set forth on the reverse
hereof and, if so specified on the face hereof, in an Addendum hereto, which further provisions
shall have the same force and effect as if set forth on the face hereof. Capitalized terms used
herein, including on the reverse hereof, and not defined herein or on the reverse hereof or in an
Addendum hereto shall have the respective meanings given to such terms in the Indenture.

     Notwithstanding the foregoing, if an Addendum is attached hereto or “Other/Additional
Provisions” apply to this Note as specified on the face hereof, this Note shall be subject to the
terms set forth in such Addendum or such “Other/Additional Provisions.”

     Unless the Certificate of Authentication hereon has been executed by the Trustee by manual
signature, this Note shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

4

 

     IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
an authorized signatory.

	 	 	 	 	 
	Dated: 	ASSOCIATED BANC-CORP,

as Issuer

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	Attest:

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION:

This is one of the Notes of the series designated herein referred to in the within-mentioned
Indenture.

	 	 	 	 	 
	Dated: 	THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

5

 

[REVERSE OF NOTE]

ASSOCIATED BANC-CORP

INTERNOTE

(Fixed Rate)

     This Note is one of a duly authorized series of subordinated debt securities (herein called
the “Debt Securities”) of the Issuer, issued and to be issued under an Indenture, dated as of
August 6, 2001 (herein called the “Indenture”, which term shall have the meaning assigned to it in
such instrument), between the Issuer and The Bank of New York Mellon Trust Company, National
Association (as successor to The Bank of New York), as trustee (herein called the “Trustee”, which
term includes any successor trustee under the Indenture), and reference is hereby made to the
Indenture for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Issuer, the Trustee and the Holders of the Debt Securities and of the terms upon
which the Debt Securities are, and are to be, authenticated and delivered. This Note is one of the
series of Debt Securities designated as “Associated Banc-Corp
InterNotes®” (the “Notes”), limited in aggregate principal amount to
$100,000,000.

     This Note is issuable only in registered form without coupons in minimum denominations of
$1,000 and integral multiples thereof or in such other Authorized Denominations specified on the
face hereof.

     This Note will not be subject to any sinking fund and, unless otherwise specified on the face
hereof in accordance with the provisions of the immediately succeeding paragraph, will not be
redeemable prior to the Stated Maturity Date.

     If specified on the face hereof, this Note will be subject to redemption at the option of the
Issuer on any date on or after the Initial Redemption Date specified on the face hereof, in whole
or from time to time in part in increments of $1,000 or such other integral multiple of an
Authorized Denomination (provided that any remaining principal amount hereof shall be at least
$1,000 or such other minimum Authorized Denomination), at the Redemption Price (as defined below),
together with unpaid interest accrued thereon to the date fixed for redemption (the “Redemption
Date”), on written notice given to the Holder hereof (in accordance with the provisions of the
Indenture) not more than 60 nor less than 30 calendar days prior to the Redemption Date. The
“Redemption Price” shall be the Initial Redemption Percentage specified on the face hereof (as
adjusted by the Annual Redemption Percentage Reduction, if any, specified on the face hereof as set
forth below) multiplied by the unpaid principal amount of this Note to be redeemed. The Initial
Redemption Percentage shall decline at each anniversary of the Initial Redemption Date by the
Annual Redemption Percentage Reduction, if any, until the Redemption Price is 100% of unpaid
principal amount to be redeemed. In the event of redemption of this Note in part only, a new Note
of like tenor for the unredeemed portion hereof

 

			
	InterNotes® is a registered servicemark of Incapital Holdings LLC.

6

 

and otherwise having the same terms and provisions as this Note shall be issued by the Issuer
in the name of the Holder hereof upon the presentation and surrender hereof.

     In the event of redemption of this Note in part only, a new Note or Notes and of like tenor
for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the
cancellation hereof.

     The Issuer covenants and agrees, and each Holder of a Note, by his acceptance thereof,
likewise covenants and agrees, that, to the extent and in the manner set forth in Article Fourteen
of the Indenture, the indebtedness represented by the Notes and the payment of principal of (and
premium, if any) and interest on each and all of the Notes are hereby expressly made subordinate
and subject in right of payment to the prior payment in full of all Senior Indebtedness and Other
Financial Obligations.

     The Indenture contains provisions for defeasance at any time of the entire indebtedness of
this Note or certain restrictive covenants and Events of Default with respect to this Note, in each
case upon compliance with certain conditions set forth in the Indenture.

     If, and only if, an Event of Default described in Section 5.01(5) or 5.01(6) of the Indenture
shall occur with respect to the Issuer, and be continuing, the principal of all the Notes, together
with accrued interest, shall automatically, and without any declaration or other action on the part
of the Trustee or any Holder, become immediately due and payable. Upon payment of (i) the amount
of principal so declared due and payable, together with accrued interest to the date of
declaration, and (ii) interest on any overdue principal and, to the extent permitted by applicable
law, overdue interest, all of the Issuer’s obligations in respect to the payment of the principal
of and interest on the Notes shall terminate. Notwithstanding anything in the Indenture to the
contrary, the Notes are not subject to acceleration upon any other Event of Default.

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Issuer and the rights of the Holders of the
Notes to be affected under the Indenture at any time by the Issuer and the Trustee with the consent
of the Holders of a majority in principal amount of the Notes at the time outstanding of each
series to be affected. The Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Notes at the time outstanding, on behalf of the Holders of
all of the Notes, to waive compliance by the Issuer with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such consent or waiver by the
Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of
this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or
in lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

     No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the
principal of, premium, if any, and interest on this Note in the manner at the respective times, at
the place and rate or formula, and in the coin or currency, herein prescribed.

7

 

     As provided in the Indenture and subject to certain limitations therein and herein set forth,
the transfer of this Note is registrable in the Security Register of the Issuer, upon surrender of
this Note for registration of transfer at the office or agency of the Issuer in any place where the
principal of, premium, if any, and interest on this Note are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Issuer and the Note
Registrar duly executed by the Holder hereof or his attorney duly authorized in writing, and
thereupon one or more new Notes having the same terms and provisions, of Authorized Denominations
and for the same aggregate principal amount, will be issued to the designated transferee or
transferees.

     As provided in the Indenture and subject to certain limitations therein and herein set forth,
this Note is exchangeable for a like aggregate principal amount of Notes of a different Authorized
Denominations but otherwise having the same terms and provisions, as requested by the Holder
surrendering the same.

     No service charge shall be made for any such registration of transfer or exchange, but the
Issuer may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.

     Prior to due presentment of this Note for registration of transfer, the Issuer, the Trustee
and any authorized agent of the Issuer or the Trustee may treat the Holder as the owner hereof for
all purposes, whether or not this Note be overdue, and none of the Issuer, the Trustee or any
authorized agent of the Issuer or the Trustee shall be affected by notice to the contrary.

     THE INDENTURE AND THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF
THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS.

8

 

ABBREVIATIONS

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

	 	 	 	 	 	 	 
	TEN COM

	 	— as tenants in common
	 	UNIF GIFT MIN ACT
	 	— ______ Custodian ____________
	TEN ENT

	 	— as tenants by the entireties
	 	 	 	       (Cust)                           (Minor)
	JT TEN

	 	— as joint tenants with right of
	 	 	 	under Uniform Gifts to Minors
	 

	 	     survivorship and not as tenants	 	 	 	 
	 

	 	     in common
	 	 	 	Act _________________________
	 

	 	 	 	 	 	                         
     (State)

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

 

ASSIGNMENT AND CERTIFICATE OF TRANSFER

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

	 	 	 
	PLEASE INSERT SOCIAL SECURITY OR

	 	 
	OTHER
	 	 
	IDENTIFYING NUMBER OF ASSIGNEE 
	 	 

	 	 
	 

	 

 
(Please print or typewrite name and address including postal zip code of assignee)

 
this Note and all rights thereunder hereby irrevocably constituting and appointing

 
Attorney to transfer this Note on the books of the Trustee, with full power of substitution in the
premises.

	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 

	 	 	 	 	 	Notice: The signature(s) on this Assignment must correspond with
the name(s) as written upon the face of this Note in every
particular, without alteration or enlargement or any change
whatsoever.

	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

9exv4w2

Exhibit 4.2

[FACE OF NOTE]

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A
NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

UNLESS AND UNTIL THIS NOTE IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS
NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY DTC TO A NOMINEE THEREOF OR BY A NOMINEE THEREOF
TO DTC OR ANOTHER NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR OF DTC OR A NOMINEE
OF SUCH SUCCESSOR.

THIS NOTE IS NOT A DEPOSIT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE
BANK INSURANCE FUND, THE SAVINGS ASSOCIATION INSURANCE FUND OR ANY OTHER GOVERNMENTAL AGENCY.

	 	 	 	 	 
	REGISTERED

	 	CUSIP No.:
	 	PRINCIPAL AMOUNT:
	No. FLR-    
	 	 	 	 
	 

	 	 
	 	 

ASSOCIATED BANC-CORP

INTERNOTE

(Floating Rate)

	 	 	 	 	 
	ORIGINAL ISSUE DATE:

	 	INTEREST RATE BASIS:
	 	STATED MATURITY DATE:
	 

	 	o LIBOR	 	 
	 

	 	o Federal Funds Rate	 	 
	 

	 	o Treasury Rate	 	 
	 

	 	o Prime Rate	 	 
	 
	 	 	 	 
	INTEREST PAYMENT 

FREQUENCY:

	 	 	 	 
REDEMPTION
OPTION:
	o Monthly

	 	o Semi-Annually
	 	o Yes
	o Quarterly

	 	o Annually
	 	o No
	 
	 	 	 	 
	SPREAD:     %

	 	SPREAD MULTIPLIER:	 	 
	 
	 	 	 	 
	INDEX MATURITY:

	 	INITIAL INTEREST RATE:     %
	 	INTEREST RATE CALCULATION:

 

 

	 	 	 	 	 
	CALCULATION AGENT (if

	 	INTEREST RESET DATES:
	 	INTEREST DETERMINATION DATES:
	other than the trustee):
	 	 	 	 
	 
	 	 	 	 
	INTEREST RATE 

CUT-OFF DATE:

	 	INITIAL REDEMPTION DATE:
	 	INITIAL REDEMPTION

PERCENTAGE:    %
	 
	 	 	 	 
	ANNUAL REDEMPTION
PERCENTAGE
REDUCTION:    %

	 	AUTHORIZED DENOMINATION:
o $1,000 and integral
multiples thereof

o Other:
	 	ADDENDUM ATTACHED

o Yes

o No
	 
	 	 	 	 
	OTHER/ADDITIONAL 

PROVISIONS:
	 	 	 	 

2

 

     Associated Banc-Corp, a corporation duly organized and existing under the laws of Wisconsin
(the “Issuer”, which term includes any successor corporation under the Indenture hereinafter
referred to), for value received, hereby promises to pay to Cede & Co., as nominee of DTC, or
registered assigns, the Principal Amount stated above on the Stated Maturity Date specified on the
face hereof (or any Redemption Date, as defined on the reverse hereof, or any earlier date of
acceleration of maturity) (each such date being hereinafter referred to as the “Maturity Date” with
respect to the principal repayable on such date) and to pay interest thereon (and on any overdue
principal, premium and/or interest to the extent legally enforceable) at a rate equal to the
Initial Interest Rate (as specified on the face hereof) until the first Interest Reset Date (as
specified on the face hereof) following the Original Issue Date specified on the face hereof and
thereafter at a rate per annum determined in accordance with the provisions set forth below under
the heading “Determination of Interest Rate Per Annum for LIBOR Notes”, “Determination of Interest
Rate Per Annum for Federal Funds Rate Notes”, “Determination of Interest Rate Per Annum for
Treasury Rate Notes” or “Determination of Interest Rate Per Annum for Prime Rate Notes”, as the
case may be, until the principal hereof is paid or duly made available for payment. The Issuer
will pay interest in arrears on each Interest Payment Date (as defined below), if any, commencing
with the first Interest Payment Date next succeeding the Original Issue Date, and on the Maturity
Date; provided, however, that if the Original Issue Date occurs between a Record
Date (as defined below) and the next succeeding Interest Payment Date, interest payments will
commence on the second Interest Payment Date next succeeding the Original Issue Date to the
registered holder (the “Holder”) of this Note on the Record Date with respect to such second
Interest Payment Date.

     The Interest Payment Dates for a Note that provides for monthly interest payments shall be the
fifteenth day of each calendar month, commencing in the calendar month that next succeeds the month
of the Original Issue Date; in the case of a Note that provides for quarterly interest payments,
the Interest Payment Dates shall be the fifteenth day of each third month, commencing in the third
succeeding calendar month following the month of the Original Issue Date; in the case of a Note
that provides for semi-annual interest payments, the Interest Payment Dates shall be the fifteenth
day of each sixth month, commencing in the sixth succeeding calendar month following the month of
the Original Issue Date; and in the case of a Note that provides for annual interest payments, the
Interest Payment Dates shall be the fifteenth day of every twelfth month, commencing in the twelfth
succeeding calendar month following the month of the Original Issue Date (each, an “Interest
Payment Date”). If any Interest Payment Date, other than an Interest Payment Date occurring on the
Maturity Date, would otherwise fall on a day that is not a Business Day (as defined below), such
Interest Payment Date will be postponed to the next succeeding Business Day, except that in the
case of Notes as to which LIBOR is an applicable Interest Rate Basis, if such Business Day is in
the next succeeding calendar month, such Interest Payment Date will be the immediately preceding
Business Day. If the Maturity Date falls on a day that is not a Business Day, principal or
interest payable with respect to such Maturity Date will be paid on the next succeeding Business
Day. If the Maturity Date or an Interest Payment Date falls on a day that is not a Business Day,
principal, premium, if any, or interest paid on the next succeeding Business Day will be with the
same force and effect as if made on such Maturity Date or Interest Payment Date, as the case may
be, and no additional interest shall accrue for the period from and after such Maturity Date or
Interest Payment Date.

3

 

     As used herein, the term “Business Day” means any day, other than a Saturday or Sunday, that
is neither a legal holiday nor a day on which banking institutions are authorized or required by
law or regulation to close in New York, New York or Chicago, Illinois; provided, however, that,
with respect to Notes as to which LIBOR is an applicable Interest Rate Basis, the day is also a
London Business Day. As used herein, the term “London Business Day” means any day on which
dealings in deposits in U.S. dollars are transacted in the London interbank market.

     Interest on this Note will accrue from, and including, the immediately preceding Interest
Payment Date to which interest has been paid or duly provided for (or from, and including, the
Original Issue Date if no interest has been paid or duly provided for) to, but excluding, the
applicable Interest Payment Date or the Maturity Date, as the case may be. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date will, subject to
certain exceptions described herein, be paid to the person in whose name this Note (or one or more
predecessor Notes, as defined on the reverse hereof) is registered at the close of business on the
first day of the calendar month (whether or not a Business Day) in which such Interest Payment Date
occurs (the “Record Date”); provided, however, that interest payable on the
Maturity Date will be payable to the person to whom the principal hereof and premium, if any,
hereon shall be payable. Any such interest not so punctually paid or duly provided for on any
Interest Payment Date other than the Maturity Date (“Defaulted Interest”) shall forthwith cease to
be payable to the Holder on the close of business on any Record Date and, instead, shall be paid to
the person in whose name this Note (or one or more predecessor Notes) is registered at the close of
business on a special record date (the “Special Record Date”) for the payment of such Defaulted
Interest to be fixed by the Trustee (as defined on the reverse hereof) hereinafter referred to,
notice whereof shall be given to the Holder of this Note by the Trustee not less than 10 calendar
days prior to such Special Record Date or may be paid at any time in any other lawful manner, all
as more fully provided for in the Indenture.

     The Interest Rate determined with respect to any Interest Determination Date (as specified on
the face hereof) for this Note will become effective on and as of the next succeeding Interest
Reset Date; provided, however, that the Interest Rate in effect with respect to this Note from the
Original Issue Date specified on the face hereof to the first Interest Reset Date will be the
“Initial Interest Rate” set forth on the face hereof and the Interest Rate in effect for each day
following the Interest Rate Cut-Off Date (as specified on the face hereof) to but excluding the
next succeeding Interest Payment Date will be the rate in effect on the Interest Rate Cut-Off Date.
Such Interest Rate shall be applicable from and including the Interest Reset Date to which it
relates to but not including the next succeeding Interest Reset Date or until the Interest Payment
Date. Subject to applicable provisions of law and except as specified herein, on each Interest
Reset Date, the rate of interest on this Note shall be the rate determined on the Interest
Determination Date pertaining to such Interest Reset Date in accordance with the provisions of the
applicable heading below.

     Subject to applicable provisions of law and except as specified herein, the Interest Rate
determined with respect to any Interest Determination Date for this Note will be determined by the
Calculation Agent in accordance with the provisions below.

     “Calculation Date” pertaining to any Interest Determination Date will be the earlier of (i)
the tenth calendar day after such Interest Determination Date or (ii) the Business Day

4

 

immediately preceding the applicable Interest Payment Date (or the Stated Maturity Date or
Redemption Date, as the case may be).

     Determination of Interest Rate Per Annum for LIBOR Notes. If the Interest Rate Basis
specified on the face hereof is LIBOR, the Interest Rate will be equal to the then applicable
LIBOR, as adjusted as specified on the face hereof under “Interest Rate Calculation”.

     “LIBOR” means, with respect to any Interest Determination Date, the arithmetic mean of the
offered rates for deposits in U.S. dollars having the Index Maturity specified on the face hereof,
commencing on the second London Business Day immediately following such Interest Determination
Date, that appears on the Designated LIBOR Page (as defined below) as of 11:00 a.m., London time,
on such Interest Determination Date, if at least two such offered rates appear on the designated
LIBOR page, except that if the Designated LIBOR Page by its terms provides only for a single rate,
that single rate will be used. If such rate does not appear on the Designated LIBOR Page, or the
Designated LIBOR Page is unavailable, then LIBOR, in respect of such Interest Determination Date,
will be determined as if the parties had specified the rate described below.

     With respect to an Interest Determination Date, LIBOR will be determined on the basis of the
rates, at approximately 11:00 a.m., London time, on such Interest Determination Date, at which
deposits in U.S. dollars having the Index Maturity specified on the face hereof are offered to
prime banks in the London interbank market by four major banks in the London interbank market
selected by the Calculation Agent, commencing on the second London Business Day immediately
following such Interest Determination Date and in a principal amount, not less than $1,000,000,
equal to an amount that is representative for a single transaction in such market at such time. The
Calculation Agent will request the principal London office of each of such banks to provide a
quotation of its rate. If at least two such quotations are provided, LIBOR for such Interest
Determination Date will be the arithmetic mean of such quotations. If fewer than two quotations are
provided, LIBOR for such Interest Determination Date will be the arithmetic mean of the rates at
approximately 11:00 a.m., New York City time, on such Interest Determination Date, quoted by three
major banks in The City of New York, selected by the Calculation Agent, for loans in U.S. dollars
to leading European banks having the Index Maturity specified on the face hereof, commencing on the
second London Business Day immediately following such Interest Determination Date and in a
principal amount, not less than $1,000,000, equal to an amount that is representative for a single
transaction in such market at such time; provided, however, that if the banks selected as aforesaid
by the Calculation Agent are not quoting as mentioned in this sentence, LIBOR will be the LIBOR in
effect on such Interest Determination Date or, if no LIBOR was in effect on such Interest
Determination Date, the Interest Rate on the Notes will be the Initial Interest Rate specified on
the face hereof.

     The “Designated LIBOR Page” means the Reuters screen “LIBOR01” page (or such other page as may
replace such page on that service or such other service as may be nominated by the British Bankers’
Association for the purpose of displaying London interbank offered rates for U.S. deposits).

     Determination of Interest Rate Per Annum for Federal Funds Rate Notes. If the
Interest Rate Basis specified on the face hereof is Federal Funds Rate, the Interest Rate will be
equal to

5

 

the then applicable Federal Funds Rate, as adjusted as specified on the face hereof under
“Interest Rate Calculation”.

     “Federal Funds Rate” means, with respect to any Interest Determination Date, the rate of
interest for Federal Funds as published in H.15(519) (as defined below) under the heading “Federal
Funds (Effective)” as this rate is displayed on Reuters (or any successor service) on page FEDFUNDS
1 (or any other page as may replace this page on that service), or if not so published by 3:00
p.m., New York City time, on the Calculation Date pertaining to such Interest Determination Date,
the Federal Funds Rate will be the rate on such Interest Determination Date for Federal Funds
published in H.15 Daily Update (as defined below), or other electronic source used for the purpose
of displaying the applicable rate, under the caption “Federal Funds (Effective).” If such rate is
not published in either the H.15(519) or H.15 Daily Update (or such other electronic source) on
such Calculation Date, the Federal Funds Rate will be calculated by the Calculation Agent and will
be the arithmetic mean of the rates for the last transaction in overnight Federal Funds arranged by
three leading brokers of Federal Funds transactions in New York City selected by the Calculation
Agent prior to 9:00 a.m., New York City time, on such Interest Determination Date; provided,
however, that if the brokers selected as aforesaid by the Calculation Agent are not quoting as
described above, the Federal Funds Rate in effect for the applicable interest reset period will be
the Federal Funds Rate in effect on such Interest Determination Date or, if no Federal Funds Rate
was in effect on such Interest Determination Date, the Interest Rate on the Notes will be the
Initial Interest Rate specified on the face hereof.

     “H.15(519)” refers to “Statistical Release H.15(519), Selected Interest Rates,” as published
by the Board of Governors of the Federal Reserve System. “H.15 Daily Update” means the daily update
of H.15(519), available through the Internet site of the Board of Governors of The Federal Reserve
System at http://www.federalreserve.gov/releases/h15/ update, or any successor site or publication.

     Determination of Interest Rate Per Annum for Treasury Rate Notes. If the Interest
Rate Basis specified on the face hereof is Treasury Rate, the Interest Rate will be equal to the
then applicable Treasury Rate, as adjusted on the face hereof under “Interest Rate Calculation”.

     “Treasury Rate” means, with respect to any Interest Determination Date, (1) the rate from the
auction held on the applicable Interest Determination Date of direct obligations of the United
States, or Treasury bills, having the Index Maturity specified on the face hereof, under the
caption “INVEST RATE” on the display on Reuters (or any successor service) on page USAUCTION 10 (or
any other page as may replace this page on that service) or page USAUCTION 11 (or any other page
which replaces this page on that service) or, if not so displayed, on the Bloomberg service (or any
successor service) on page AUCK 18 (or any other page as may replace the specified page on such
service or, (2) if the rate in clause (1) is not so published by 3:00 p.m., New York City time, on
the related Calculation Date pertaining to such Interest Determination Date, the Bond Equivalent
Yield (as defined below) of the rate for the applicable Treasury bills as published in the H.15
Daily Update, or other recognized electronic source used for the purpose of displaying the
applicable rate, under the caption “U.S. Government Securities/Treasury Bills/Auction High,” or (3)
if the rate in clause (2) is not so published by 3:00 p.m., New York City time, on the related
Calculation Date, the Bond Equivalent Yield of the auction rate of the applicable Treasury bills
announced by the United

6

 

States Department of the Treasury, or (4) in the event that the rate referred to in clause (3)
is not announced by the United States Department of the Treasury, or if the auction is not held,
the Bond Equivalent Yield of the rate on the applicable Interest Determination Date of Treasury
bills having the Index Maturity specified on the face hereof published in H.15(519) under the
caption “U.S. Government Securities/Treasury Bills/Secondary Market,” or (5) if the rate referred
to in clause (4) is not so published by 3:00 p.m., New York City time, on the related Calculation
Date, the rate on the applicable Interest Determination Date of the applicable Treasury bills as
published in the H.15 Daily Update, or other recognized electronic source used for the purpose of
displaying the applicable rate, under the caption “U.S. Government Securities/Treasury
Bills/Secondary Market,” or (6) if the rate referred to in clause (5) is not so published by 3:00
p.m., New York City time, on the related Calculation Date, the rate on the applicable Interest
Determination Date calculated by the Calculation Agent as the Bond Equivalent Yield of the
arithmetic mean of the secondary market bid rates, as of approximately 3:30 p.m., New York City
time, on the applicable Interest Determination Date, of three primary United States government
securities dealers, which may include the Incapital LLC, as purchasing agent, the agents or their
affiliates, selected by the Calculation Agent, for the issue of Treasury bills with a remaining
maturity closest to the Index Maturity specified on the face hereof, or (7) if the dealers selected
by the Calculation Agent are not quoting as mentioned in clause (6), the rate in effect on the
applicable Interest Determination Date or, if no Treasury Rate was in effect on such Interest
Determination Date, the Interest Rate on the Notes will be the Initial Interest Rate specified on
the face hereof.

     “Bond Equivalent Yield” is a yield calculated in accordance with the following formula and
expressed as a percentage:

where “D” refers to the applicable per annum rate for Treasury bills quoted on a bank discount
basis, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in
the interest period for which interest is being calculated.

     Determination of Interest Rate Per Annum for Prime Rate Notes. If the Interest Rate
Basis specified on the face hereof is Prime Rate, the Interest Rate will be equal to the then
applicable Prime Rate, as adjusted as specified on the face hereof under “Interest Rate
Calculation”.

     “Prime Rate” means, with respect to any Interest Determination Date, the rate published in
H.15(519), or any successor publication, for that day under the heading “Bank Prime Loan”. If on
the Calculation Date pertaining to such Interest Determination Date such rate is not published in
H.15(519), or any successor publication, the rate for that Interest Determination Date will be the
arithmetic mean of the rates of interest publicly announced by each bank that appears on the
Reuters Screen USPRIME 1 (as defined below) as such bank’s prime rate or base lending rate as in
effect for that Interest Determination Date. If fewer than four such rates appear on the Reuters
Screen USPRIME 1 for that Interest Determination Date, the Prime Rate will be the arithmetic mean
of the prime rates quoted on the basis of the actual number of days in a year

7

 

divided by 360 for that Interest Determination Date by three major money center banks in New
York City selected by the Calculation Agent; provided, however, that if the banks selected as
aforesaid by the Calculation Agent are not quoting as described above, the Prime Rate in effect for
the applicable interest reset period will be the Prime Rate in effect on such Interest
Determination Date or, if no Prime Rate was in effect on such Interest Determination Date, the
Interest Rate on the Notes will be the Initial Interest Rate specified on the face hereof.

     “Reuters Screen USPRIME 1” is the display designated as page “USPRIME 1” on the Reuters
Monitor Money Rates Service (or such other page as may replace the USPRIME 1 on that service for
the purpose of displaying prime rates or base lending rates of major United States banks).

     The Calculation Agent shall calculate the Interest Rate hereon in accordance with the
foregoing on or before each Calculation Date.

     The Interest Rate on this Note will in no event be higher than the maximum rate permitted by
applicable law. The Interest Rate on this Note will in no event be lower than 0.00%.

     At the request of the Holder hereof, the Calculation Agent will provide to such Holder the
Interest Rate then in effect for this Note, if available, and, if different, the Interest Rate to
be in effect as a result of a determination made on the most recent Interest Determination Date
with respect to this Note.

     Accrued interest shall be computed by adding the Interest Factors calculated for each day from
the Original Issue Date or from the last date to which interest has been paid or duly provided for
up to but not including the day for which accrued interest is being calculated. The “Interest
Factor” for each such day shall be computed by multiplying the principal amount of the Note by the
Interest Rate applicable to such day and dividing the product thereof by 360, or, if the Interest
Rate Basis specified on the face hereof is Treasury Rate, by the actual number of days in the year.

     Payment of principal, premium, if any, and interest in respect of this Note due on the
Maturity Date will be made in immediately available funds upon presentation and surrender of this
Note (and, with respect to any applicable repayment of this Note, upon delivery of instructions as
contemplated on the reverse hereof) at the office or agency of the Issuer maintained for that
purpose in New York, New York, in such coin or currency of the United Stated of America as at the
time of payment is legal tender for payment of public and private debts. The Issuer hereby
initially designates the Corporate Trust Office of the Trustee as the office to be maintained by it
where this Note may be presented for payment, registration of transfer or exchange and where
notices or demands to or upon the Issuer, in respect of this Note or the Indenture may be served.
Payment of interest due on any Interest Payment Date other than the Maturity Date will be made at
the aforementioned office or agency maintained by the Issuer or, at the option of the Issuer, by
check mailed to the address of the person entitled thereto as such address shall appear in the
Security Register maintained by the Trustee; provided, however, that a Holder of
$10,000,000 or more in aggregate principal amount of Notes (whether having identical or different
terms and provisions) will be entitled to receive interest payments on such

8

 

Interest Payment Date by wire transfer of immediately available funds if such Holder has
delivered appropriate wire transfer instructions in writing to the Trustee not less than 15
calendar days prior to such Interest Payment Date. Any such wire transfer instructions received by
the Trustee shall remain in effect with respect to interest payments due on future Interest Payment
Dates until revoked by such Holder.

     The Notes will be subordinated in right of payment to the Issuer’s Senior Indebtedness (as
defined in the Indenture) and, under certain circumstances described below, to all Other Financial
Obligations (as defined in the Indenture) of the Issuer. The Notes will also be structurally
subordinated to all of the existing and future liabilities of each of the subsidiaries of the
Issuer. The Issuer will not be able to make any principal, premium or interest payments on the
Notes or redeem the Notes if there is a default or Event of Default (as defined in the Indenture)
on any Senior Indebtedness that is not remedied. In connection with a distribution of its assets
to creditors pursuant to a dissolution, winding up, liquidation, reorganization or receivership,
then any principal, premium, interest or other amounts owing to holders of the Issuer’s Senior
Indebtedness will be paid to those holders before any Holders of the Notes will be paid. If, after
the Issuer has made those payments on the Senior Indebtedness, there are amounts available for
payment on the Notes and creditors who hold Other Financial Obligations have not received their
full payment, then the Issuer will first use amounts available for payment on the Notes to pay in
full all Other Financial Obligations before the Issuer may make any payment on the Notes. In
addition, if the Issuer repays any principal on any Note before the applicable Stated Maturity Date
or Redemption Date to the Holder of the Notes of the Trustee, the holders of the Issuer’s Senior
Indebtedness will have first rights to such amounts. Until all Senior Indebtedness is repaid in
full, the Holders of the Notes will be subject to the rights of the holders of Senior Indebtedness
to receive payments or distributions of the assets of the Issuer.

     Reference is hereby made to the further provisions of this Note set forth on the reverse
hereof and, if so specified on the face hereof, in an Addendum hereto, which further provisions
shall have the same force and effect as if set forth on the face hereof. Capitalized terms used
herein, including on the reverse hereof, and not defined herein or on the reverse hereof or in an
Addendum hereto shall have the respective meanings given to such terms in the Indenture.

     Notwithstanding the foregoing, if an Addendum is attached hereto or “Other/Additional
Provisions” apply to this Note as specified on the face hereof, this Note shall be subject to the
terms set forth in such Addendum or such “Other/Additional Provisions.”

     Unless the Certificate of Authentication hereon has been executed by the Trustee by manual
signature, this Note shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

9

 

     IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
an authorized signatory.

	 	 	 	 	 
	Dated:                   	ASSOCIATED BANC-CORP,

as Issuer

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	Attest:

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION:

This is one of the Notes of the series designated herein referred to in the within-mentioned
Indenture.

	 	 	 	 	 
	Dated:         	THE BANK OF NEW YORK MELLON TRUST 

COMPANY, NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

10

 

	 	 	 	 	 

[REVERSE OF NOTE]

ASSOCIATED BANC-CORP

INTERNOTE

(Floating Rate)

     This Note is one of a duly authorized series of subordinated debt securities (herein called
the “Debt Securities”) of the Issuer, issued and to be issued under an Indenture, dated as of
August 6, 2001 (herein called the “Indenture”, which term shall have the meaning assigned to it in
such instrument), between the Issuer and The Bank of New York Mellon Trust Company, National
Association (as successor to The Bank of New York), as trustee (herein called the “Trustee”, which
term includes any successor trustee under the Indenture), and reference is hereby made to the
Indenture for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Issuer, the Trustee and the Holders of the Debt Securities and of the terms upon
which the Debt Securities are, and are to be, authenticated and delivered. This Note is one of the
series of Debt Securities designated as “Associated Banc-Corp InterNotes®”
(the “Notes”), limited in aggregate principal amount to $100,000,000.

     This Note is issuable only in registered form without coupons in minimum denominations of
$1,000 and integral multiples thereof or in such other Authorized Denominations specified on the
face hereof.

     This Note will not be subject to any sinking fund and, unless otherwise specified on the face
hereof in accordance with the provisions of the immediately succeeding paragraph, will not be
redeemable prior to the Stated Maturity Date.

     If specified on the face hereof, this Note will be subject to redemption at the option of the
Issuer on any date on or after the Initial Redemption Date specified on the face hereof, in whole
or from time to time in part in increments of $1,000 or such other integral multiple of an
Authorized Denomination (provided that any remaining principal amount hereof shall be at least
$1,000 or such other minimum Authorized Denomination), at the Redemption Price (as defined below),
together with unpaid interest accrued thereon to the date fixed for redemption (the “Redemption
Date”), on written notice given to the Holder hereof (in accordance with the provisions of the
Indenture) not more than 60 nor less than 30 calendar days prior to the Redemption Date. The
“Redemption Price” shall be the Initial Redemption Percentage specified on the face hereof (as
adjusted by the Annual Redemption Percentage Reduction, if any, specified on the face hereof as set
forth below) multiplied by the unpaid principal amount of this Note to be redeemed. The Initial
Redemption Percentage shall decline at each anniversary of the Initial Redemption Date by the
Annual Redemption Percentage Reduction, if any, until the Redemption Price is 100% of unpaid
principal amount to be redeemed. In the event of redemption of this Note in part only, a new Note
of like tenor for the unredeemed portion hereof

 

			
	InterNotes® is a registered servicemark of Incapital Holdings LLC.

11

 

and otherwise having the same terms and provisions as this Note shall be issued by the Issuer
in the name of the Holder hereof upon the presentation and surrender hereof.

     In the event of redemption of this Note in part only, a new Note or Notes and of like tenor
for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the
cancellation hereof.

     The Issuer covenants and agrees, and each Holder of a Note, by his acceptance thereof,
likewise covenants and agrees, that, to the extent and in the manner set forth in Article Fourteen
of the Indenture, the indebtedness represented by the Notes and the payment of principal of (and
premium, if any) and interest on each and all of the Notes are hereby expressly made subordinate
and subject in right of payment to the prior payment in full of all Senior Indebtedness and Other
Financial Obligations.

     The Indenture contains provisions for defeasance at any time of the entire indebtedness of
this Note or certain restrictive covenants and Events of Default with respect to this Note, in each
case upon compliance with certain conditions set forth in the Indenture.

     If, and only if, an Event of Default described in Section 5.01(5) or 5.01(6) of the Indenture
shall occur with respect to the Issuer, and be continuing, the principal of all the Notes, together
with accrued interest, shall automatically, and without any declaration or other action on the part
of the Trustee or any Holder, become immediately due and payable. Upon payment of (i) the amount
of principal so declared due and payable, together with accrued interest to the date of
declaration, and (ii) interest on any overdue principal and, to the extent permitted by applicable
law, overdue interest, all of the Issuer’s obligations in respect to the payment of the principal
of and interest on the Notes shall terminate. Notwithstanding anything in the Indenture to the
contrary, the Notes are not subject to acceleration upon any other Event of Default.

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Issuer and the rights of the Holders of the
Notes to be affected under the Indenture at any time by the Issuer and the Trustee with the consent
of the Holders of a majority in principal amount of the Notes at the time outstanding of each
series to be affected. The Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Notes at the time outstanding, on behalf of the Holders of
all of the Notes, to waive compliance by the Issuer with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such consent or waiver by the
Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of
this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or
in lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

     No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the
principal of, premium, if any, and interest on this Note in the manner at the respective times, at
the place and rate or formula, and in the coin or currency, herein prescribed.

12

 

     As provided in the Indenture and subject to certain limitations therein and herein set forth,
the transfer of this Note is registrable in the Security Register of the Issuer, upon surrender of
this Note for registration of transfer at the office or agency of the Issuer in any place where the
principal of, premium, if any, and interest on this Note are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Issuer and the Note
Registrar duly executed by the Holder hereof or his attorney duly authorized in writing, and
thereupon one or more new Notes having the same terms and provisions, of Authorized Denominations
and for the same aggregate principal amount, will be issued to the designated transferee or
transferees.

     As provided in the Indenture and subject to certain limitations therein and herein set forth,
this Note is exchangeable for a like aggregate principal amount of Notes of a different Authorized
Denominations but otherwise having the same terms and provisions, as requested by the Holder
surrendering the same.

     No service charge shall be made for any such registration of transfer or exchange, but the
Issuer may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.

     Prior to due presentment of this Note for registration of transfer, the Issuer, the Trustee
and any authorized agent of the Issuer or the Trustee may treat the Holder as the owner hereof for
all purposes, whether or not this Note be overdue, and none of the Issuer, the Trustee or any
authorized agent of the Issuer or the Trustee shall be affected by notice to the contrary.

     THE INDENTURE AND THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF
THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS.

13

 

ABBREVIATIONS

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

	 	 	 	 	 	 	 
	TEN COM

	 	— as tenants in common
	 	UNIF GIFT MIN ACT
	 	— _________ Custodian _________
	TEN ENT

	 	— as tenants by the entireties
	 	 	 	         (Cust)                             (Minor)
	JT TEN

	 	— as joint tenants with right of
	 	 	 	under Uniform Gifts to Minors
	 

	 	
 
survivorship and not as tenants

	 	 	 	

	 

	 	  in common

	 	 	 	Act _________________________

	 

	 	 	 	 	 	                         
     (State)

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

 

ASSIGNMENT AND CERTIFICATE OF TRANSFER

     FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

	 	 	 	 	 
	PLEASE INSERT SOCIAL SECURITY OR

	 	 
	 	 
	OTHER
	 	 	 	 
	IDENTIFYING NUMBER OF ASSIGNEE  

	 		 	 

	 	 
	 

	 

 
(Please print or typewrite name and address including postal zip code of assignee)

 
this Note and all rights thereunder hereby irrevocably constituting and appointing

 
Attorney to transfer this Note on the books of the Trustee, with full power of substitution in the
premises.

	 	 	 	 	 
	Dated:
	 	 	 	 
	 

	 	 
	 	 
	 
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	
Notice: The signature(s) on this Assignment must correspond with
the name(s) as written upon the face of this Note in every
particular, without alteration or enlargement or any change
whatsoever.

	 
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 

14

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