Document:

Form of Indenture Between Cullen/Frost and the Bank of New York

 Exhibit 4.1 
  

 CULLEN/FROST BANKERS, INC. 
 TO 
 THE BANK OF NEW YORK, 
 As Trustee 
  

 Indenture  
 Dated as of February     , 2007
 
  

 Subordinated Debt Securities 
  

 TABLE OF CONTENTS 
  

					
	 	  	PAGE
	PARTIES	  	1
		
	RECITALS OF THE COMPANY	  	1
		
	ARTICLE ONE	  	
		
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	
			
	SECTION 101.	  	Definitions.	  	1
		  	Act	  	2
		  	Affiliate; control	  	2
		  	Agent Member	  	2
		  	Applicable Procedures	  	2
		  	Authenticating Agent	  	2
		  	Bankruptcy Code	  	2
		  	Board of Directors	  	2
		  	Board Resolution	  	2
		  	Business Day	  	2
		  	Commission	  	2
		  	Company	  	2
		  	Company Request; Company Order	  	2
		  	Corporate Trust Office	  	3
		  	corporation	  	3
		  	Covenant Defeasance	  	3
		  	Default	  	3
		  	Defaulted Interest	  	3
		  	Defeasance	  	3
		  	Depositary	  	3
		  	Event of Default	  	3
		  	Exchange Act	  	3
		  	Expiration Date	  	3
		  	Global Security	  	3
		  	Holder	  	3
		  	Indenture	  	3
		  	interest	  	4
		  	Interest Payment Date	  	4
		  	Investment Company Act	  	4
		  	Major Constituent Bank	  	4
		  	Maturity	  	4
		  	Notice of Default	  	4
		  	Officers’ Certificate	  	4
		  	Opinion of Counsel	  	4

 NOTE: This Table of contents shall not,
for any purpose, be deemed to be a part of the Indenture. 

					
	 	  	PAGE
		  	Original Issue Discount Security	  	4
		  	Outstanding	  	4
		  	Paying Agent	  	6
		  	Person	  	6
		  	Place of Payment	  	6
		  	Predecessor Security	  	6
		  	Redemption Date	  	6
		  	Redemption Price	  	6
		  	Regular Record Date	  	6
		  	Responsible Officer	  	6
		  	Securities	  	6
		  	Securities Act	  	6
		  	Security Register; Security Registrar	  	7
		  	Senior Indebtedness	  	7
		  	Special Record Date	  	8
		  	Stated Maturity	  	8
		  	Subsidiary	  	8
		  	Trust Indenture Act	  	8
		  	Trustee	  	8
		  	U.S. Government Obligation	  	8
		  	Vice President	  	8
	SECTION 102.	  	Compliance Certificates and Opinions.	  	8
	SECTION 103.	  	Form of Documents Delivered to Trustee.	  	9
	SECTION 104.	  	Acts of Holders; Record Dates.	  	10
	SECTION 105.	  	Notices, Etc., to Trustee and Company.	  	12
	SECTION 106.	  	Notice to Holders; Waiver.	  	12
	SECTION 107.	  	Conflict with Trust Indenture Act.	  	13
	SECTION 108.	  	Effect of Headings and Table of Contents.	  	13
	SECTION 109.	  	Successors and Assigns.	  	13
	SECTION 110.	  	Separability Clause.	  	13
	SECTION 111.	  	Benefits of Indenture.	  	14
	SECTION 112.	  	Governing Law.	  	14
	SECTION 113.	  	Legal Holidays.	  	14
	SECTION 114.	  	Execution in Counterparts.	  	14
			
		  	ARTICLE TWO	  	
			
		  	SECURITY FORMS	  	
			
	SECTION 201.	  	Forms Generally.	  	14
	SECTION 202.	  	Form of Face of Security.	  	15
	SECTION 203.	  	Form of Reverse of Security.	  	17
	SECTION 204.	  	Form of Legend for Global Securities.	  	21
	SECTION 205.	  	Form of Trustee’s Certificate of Authentication.	  	21

  

 ii 

					
	 	  	PAGE
		  	ARTICLE THREE	  	
			
		  	THE SECURITIES	  	
			
	SECTION 301.	  	Amount Unlimited; Issuable in Series.	  	21
	SECTION 302.	  	Denominations.	  	24
	SECTION 303.	  	Execution, Authentication, Delivery and Dating.	  	24
	SECTION 304.	  	Temporary Securities.	  	25
	SECTION 305.	  	Registration, Registration of Transfer and Exchange.	  	26
	SECTION 306.	  	Mutilated, Destroyed, Lost and Stolen Securities.	  	28
	SECTION 307.	  	Payment of Interest; Interest Rights Preserved.	  	29
	SECTION 308.	  	Persons Deemed Owners.	  	30
	SECTION 309.	  	Cancellation.	  	31
	SECTION 310.	  	Computation of Interest.	  	31
	SECTION 311.	  	CUSIP Numbers.	  	31
			
		  	ARTICLE FOUR	  	
			
		  	SATISFACTION AND DISCHARGE	  	
			
	SECTION 401.	  	Satisfaction and Discharge of Indenture.	  	31
	SECTION 402.	  	Application of Trust Money.	  	32
			
		  	ARTICLE FIVE	  	
			
		  	REMEDIES	  	
			
	SECTION 501.	  	Events of Default.	  	33
	SECTION 502.	  	Acceleration of Maturity; Rescission and Annulment.	  	34
	SECTION 503.	  	Collection of Indebtedness and Suits for Enforcement by Trustee.	  	35
	SECTION 504.	  	Trustee May File Proofs of Claim.	  	36
	SECTION 505.	  	Trustee May Enforce Claims Without Possession of Securities.	  	36
	SECTION 506.	  	Application of Money Collected.	  	37
	SECTION 507.	  	Limitation on Suits.	  	37
	SECTION 508.	  	Unconditional Right of Holders to Receive Principal, Premium and Interest.	  	38
	SECTION 509.	  	Restoration of Rights and Remedies.	  	38
	SECTION 510.	  	Rights and Remedies Cumulative.	  	38
	SECTION 511.	  	Delay or Omission Not Waiver.	  	38
	SECTION 512.	  	Control by Holders.	  	38
	SECTION 513.	  	Waiver of Past Defaults.	  	39
	SECTION 514.	  	Undertaking for Costs.	  	39
	SECTION 515.	  	Waiver of Usury, Stay or Extension Laws.	  	40
			
		  	ARTICLE SIX	  	
			
		  	THE TRUSTEE	  	
			
	SECTION 601.	  	Certain Duties and Responsibilities.	  	40
	SECTION 602.	  	Notice of Defaults.	  	41
	SECTION 603.	  	Certain Rights of Trustee.	  	41
	SECTION 604.	  	Not Responsible for Recitals or Issuance of Securities.	  	42
	SECTION 605.	  	May Hold Securities.	  	43

  

 iii 

					
	 	  	PAGE
	SECTION 606.	  	Money Held in Trust.	  	43
	SECTION 607.	  	Compensation and Reimbursement.	  	43
	SECTION 608.	  	Conflicting Interests.	  	44
	SECTION 609.	  	Corporate Trustee Required; Eligibility.	  	44
	SECTION 610.	  	Resignation and Removal; Appointment of Successor.	  	44
	SECTION 611.	  	Acceptance of Appointment by Successor.	  	46
	SECTION 612.	  	Merger, Conversion, Consolidation or Succession to Business.	  	47
	SECTION 613.	  	Preferential Collection of Claims Against Company.	  	47
	SECTION 614.	  	Appointment of Authenticating Agent.	  	47
			
		  	ARTICLE SEVEN	  	
			
		  	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  	
			
	SECTION 701.	  	Company to Furnish Trustee Names and Addresses of Holders.	  	49
	SECTION 702.	  	Preservation of Information; Communications to Holders.	  	49
	SECTION 703.	  	Reports by Trustee.	  	49
	SECTION 704.	  	Reports by Company.	  	50
			
		  	ARTICLE EIGHT	  	
			
		  	CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	  	
			
	SECTION 801.	  	Company May Consolidate, Etc., Only on Certain Terms.	  	50
	SECTION 802.	  	Successor Substituted.	  	51
			
		  	ARTICLE NINE	  	
			
		  	SUPPLEMENTAL INDENTURES	  	
			
	SECTION 901.	  	Supplemental Indentures Without Consent of Holders.	  	51
	SECTION 902.	  	Supplemental Indentures With Consent of Holders.	  	52
	SECTION 903.	  	Execution of Supplemental Indentures.	  	53
	SECTION 904.	  	Effect of Supplemental Indentures.	  	53
	SECTION 905.	  	Conformity with Trust Indenture Act.	  	54
	SECTION 906.	  	Reference in Securities to Supplemental Indentures.	  	54
	SECTION 907.	  	Subordination Impaired.	  	54
			
		  	ARTICLE TEN	  	
			
		  	COVENANTS	  	
			
	SECTION 1001.	  	Payment of Principal, Premium and Interest.	  	54
	SECTION 1002.	  	Maintenance of Office or Agency.	  	54
	SECTION 1003.	  	Money for Securities Payments to Be Held in Trust.	  	55
	SECTION 1004.	  	Statement by Officers as to Default.	  	56
	SECTION 1005.	  	Company Statement as to Compliance.	  	56
	SECTION 1006.	  	Maintenance of Properties.	  	57
	SECTION 1007.	  	Payment of Taxes and Other Claims.	  	57
	SECTION 1008.	  	Waiver of Certain Covenants.	  	57
	SECTION 1009.	  	Calculation of Original Issue Discount.	  	57

  

 iv 

					
	 	  	PAGE
			
		  	ARTICLE ELEVEN	  	
			
		  	REDEMPTION OF SECURITIES	  	
			
	SECTION 1101.	  	Applicability of Article.	  	57
	SECTION 1102.	  	Election to Redeem; Notice to Trustee.	  	58
	SECTION 1103.	  	Selection by Trustee of Securities to Be Redeemed.	  	58
	SECTION 1104.	  	Notice of Redemption.	  	59
	SECTION 1105.	  	Deposit of Redemption Price.	  	59
	SECTION 1106.	  	Securities Payable on Redemption Date.	  	60
	SECTION 1107.	  	Securities Redeemed in Part.	  	60
			
		  	ARTICLE TWELVE	  	
			
		  	SINKING FUNDS	  	
			
	SECTION 1201.	  	Applicability of Article.	  	60
	SECTION 1202.	  	Satisfaction of Sinking Fund Payments with Securities.	  	61
	SECTION 1203.	  	Redemption of Securities for Sinking Fund.	  	61
			
		  	ARTICLE THIRTEEN	  	
			
		  	DEFEASANCE AND COVENANT DEFEASANCE	  	
			
	SECTION 1301.	  	Company’s Option to Effect Defeasance or Covenant Defeasance.	  	62
	SECTION 1302.	  	Defeasance and Discharge.	  	63
	SECTION 1303.	  	Covenant Defeasance.	  	63
	SECTION 1304.	  	Conditions to Defeasance or Covenant Defeasance.	  	64
	SECTION 1305.	  	Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions.	  	66
	SECTION 1306.	  	Reinstatement.	  	66
			
		  	ARTICLE FOURTEEN	  	
			
		  	SUBORDINATION OF SECURITIES	  	
			
	SECTION 1401.	  	Securities Subordinate to Senior Indebtedness.	  	67
	SECTION 1402.	  	Payment Over of Proceeds Upon Dissolution, Etc.	  	67
	SECTION 1403.	  	Prior Payment to Senior Indebtedness Upon Acceleration of Securities.	  	68
	SECTION 1404.	  	No Payment When Senior Indebtedness in Default.	  	68
	SECTION 1405.	  	Payment Permitted If No Default.	  	69
	SECTION 1406.	  	Subrogation to Rights of Holders of Senior Indebtedness.	  	69
	SECTION 1407.	  	Provisions Solely to Define Relative Rights.	  	69
	SECTION 1408.	  	Trustee to Effectuate Subordination.	  	70
	SECTION 1409.	  	No Waiver of Subordination Provisions.	  	70
	SECTION 1410.	  	Notice to Trustee.	  	70
	SECTION 1411.	  	Reliance on Judicial Order or Certificate of Liquidating Agent.	  	71
	SECTION 1412.	  	Trustee Not Fiduciary for Holders of Senior Indebtedness.	  	71
	SECTION 1413.	  	Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee’s Rights.	  	72
	SECTION 1414.	  	Article Applicable to Paying Agents.	  	72
	SECTION 1415.	  	Payment of Proceeds in Certain Cases.	  	72
	SECTION 1416.	  	All Indenture Provisions Subject to Article Fourteen.	  	72

  

 v 

 Certain Sections of this Indenture relating to Sections 310 through 318, inclusive, of the Trust
Indenture Act of 1939: 
  

					
	 Trust Indenture
Act
Section
	  	  	  	Indenture Section
	§310(a)(1)	  		  	609
	(a)(2)	  		  	609
	(a)(3)	  		  	Not Applicable
	(a)(4)	  		  	Not Applicable
	(b)	  		  	608
		  		  	610
	§311(a)	  		  	613
	(b)	  		  	613
	§312(a)	  		  	701
		  		  	702
	(b)	  		  	702
	(c)	  		  	702
	§ 313(a)	  		  	703
	(b)	  		  	703
	(c)	  		  	703
	(d)	  		  	703
	§ 314(a)	  		  	704
	(a)(4)	  		  	101
		  		  	1004
	(b)	  		  	Not Applicable
	(c)(1)	  		  	102
	(c)(2)	  		  	102
	(c)(3)	  		  	Not Applicable
	(d)	  		  	Not Applicable
	(e)	  		  	102
	§ 315(a)	  		  	601
	(b)	  		  	602
	(c)	  		  	601
	(d)	  		  	601
	(e)	  		  	514
	§ 316(a)	  		  	101
	(a)(1)(A)	  		  	502
		  		  	512
	(a)(1)(B)	  		  	513
	(a)(2)	  		  	Not Applicable
	(b)	  		  	508
	(c)	  		  	104
	§317(a)(1)	  		  	503
	(a)(2)	  		  	504
	(b)	  		  	1003
	§ 318(a)	  		  	107

 NOTE: This reconciliation and tie shall
not, for any purpose, be deemed to be a part of the Indenture. 

 INDENTURE, dated as of February     , 2007, between Cullen/Frost Bankers,
Inc., a corporation duly organized and existing under the laws of the State of Texas (herein called the “Company”), having its principal office at 100 West Houston Street, San Antonio, Texas 78205, and The Bank of New York, a New York
banking corporation, as Trustee (herein called the “Trustee”). 
 RECITALS OF THE
COMPANY 
 WHEREAS, the Company has duly authorized the execution and delivery of this Indenture to provide for
the issuance from time to time of its subordinated debt securities (herein called the “Securities”), to be issued in one or more series as in this Indenture provided; and 
 WHEREAS, all things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done.

 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually agreed, for the equal and proportionate
benefit of all Holders of the Securities or of series thereof, as follows: 
 ARTICLE ONE 
 DEFINITIONS AND OTHER PROVISIONS 
 OF GENERAL APPLICATION 
 SECTION 101. Definitions.

 For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 
 (1) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular;

 (2) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have
the meanings assigned to them therein; 
 (3) all accounting terms not otherwise defined herein have the meanings assigned to
them in accordance with generally accepted accounting principles; 
 (4) unless the context otherwise requires, any reference
to an “Article” or a “Section” refers to an Article or a Section, as the case may be, of this Indenture; and 
 (5) the words “herein”, “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 

 “Act”, when used with respect to any Holder, has the meaning specified in Section 104.

 “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct
or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 “Agent Member” means any member of, or participant in, the Depositary. 
 “Applicable Procedures” means, with respect to any transfer or transaction involving a Global Security or beneficial interest therein, the
rules and procedures of the Depositary for such Security, in each case to the extent applicable to such transaction and as in effect from time to time. 
 “Authenticating Agent” means any Person authorized by the Trustee pursuant to Section 614 to act on behalf of the Trustee to authenticate Securities of one or more series. 
 “Bankruptcy Code” means Title 11 of the United States Code or any successor statute thereto, in each case as amended from time to time.

 “Board of Directors” means either the board of directors of the Company or any duly authorized committee of that board.

 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been
duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 
 “Business Day”, when used with respect to any Place of Payment, means (i) each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment are authorized or
obligated by law or executive order to close, or (ii) a day on which the Corporate Trust Office of the Trustee is closed for business. 
 “Commission” means the Securities and Exchange Commission, from time to time constituted, created under the Exchange Act, or, if at any time after the execution of this instrument such Commission is not existing and performing the
duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 
 “Company” means the
Person named as the “Company” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor
Person. 
 “Company Request” or “Company Order“ mean, respectively, the written request or order signed in the name of
the Company by its Chairman of the Board, its Senior Chairman of the Board, its President, Chief Financial Officer or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the
Trustee. 
  

 -2- 

 “Corporate Trust Office” means the principal office of the Trustee in the Borough of Manhattan,
City of New York at which at any particular time its corporate trust business shall be administered, which office at the date of the execution of this Indenture is located at 101 Barclay Street, New York, New York 10286, Attention: Corporate Trust
Administration, or at any other time at such other address as the Trustee may designate from time to time by notice to the Company or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may
designate from time to time by notice to the Company). 
 “corporation” means a corporation, association, company, joint-stock
company or business trust. 
 “Covenant Defeasance” has the meaning specified in Section 1303. 
 “Default” has the meaning specified in Section 501. 
 “Defaulted Interest” has the meaning specified in Section 307. 
 “Defeasance” has
the meaning specified in Section 1302. 
 “Depositary” means, with respect to Securities of any series issuable in whole or in
part in the form of one or more Global Securities, a clearing agency registered under the Exchange Act that is designated to act as Depositary for such Securities as contemplated by Section 301. 
 “Event of Default” has the meaning specified in Section 501. 
 “Exchange Act” means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended from time to time.

 “Expiration Date” has the meaning specified in Section 104. 
 “Global Security” means a Security that evidences all or part of the Securities of any series and bears the legend set forth in
Section 204 (or such legend as may be specified as contemplated by Section 301 for such Securities) issued to the Depositary or its nominee for such series, and registered in the name of such Depositary on its nominee. 
 “Holder” means a Person in whose name a Security is registered in the Security Register. 
 “Indenture” means this instrument as originally executed and as it may from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern
this instrument and any such supplemental indenture, respectively. The term “Indenture” shall also include the terms of particular series of Securities established as contemplated by Section 301. 
  

 -3- 

 “interest”, when used with respect to an Original Issue Discount Security which by its terms
bears interest only after Maturity, means interest payable after Maturity. 
 “Interest Payment Date”, when used with respect to
any Security, means the Stated Maturity of an installment of interest on such Security. 
 “Investment Company Act” means the
Investment Company Act of 1940 and any statute successor thereto, in each case as amended from time to time. 
 “Major Constituent
Bank” means any Subsidiary which is organized as a banking organization under Federal or State law and which represents 50% or more of the consolidated assets of the Company determined as of the date of the most recent audited financial
statements of the Company. 
 “Maturity”, when used with respect to any Security, means the date on which the principal of such
Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 
 “Notice of Default” means a written notice of the kind specified in Section 501(b)(v). 
 “Officers’ Certificate” means a certificate signed by the Chairman of the Board, the Senior Chairman of the Board, the President, Chief
Financial Officer or a Vice President, and by the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary, of the Company and delivered to the Trustee that meets the requirements of Section 103. 
 “Opinion of Counsel” means a written opinion of counsel, who may be counsel for the Company, and who shall be acceptable to the Trustee that
meets the requirements of Section 103. 
 “Original Issue Discount Security” means any Security which provides for an amount
less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502. 
 “Outstanding”, when used with respect to Securities, means, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except: 
 (1) Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 
  

 -4- 

 (2) Securities for whose payment or redemption money in the necessary amount has been
theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities; provided
that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 
 (3) Securities as to which Defeasance has been effected pursuant to Section 1302; and 
 (4) Securities which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have been
authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands
such Securities are valid obligations of the Company; 
 provided, however, that in determining whether the Holders of the requisite principal
amount of the Outstanding Securities have given, made or taken any request, demand, authorization, direction, notice, consent, waiver or other action hereunder as of any date, (A) the principal amount of an Original Issue Discount Security
which shall be deemed to be Outstanding shall be the amount of the principal thereof which would be due and payable as of such date upon acceleration of the Maturity thereof to such date pursuant to Section 502, (B) if, as of such date,
the principal amount payable at the Stated Maturity of a Security is not determinable, the principal amount of such Security which shall be deemed to be Outstanding shall be the amount as specified or determined as contemplated by Section 301,
(C) the principal amount of a Security denominated in one or more foreign currencies or currency units which shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided as
contemplated by Section 301, of the principal amount of such Security (or, in the case of a Security described in Clause (A) or (B) above, of the amount determined as provided in such Clause), and (D) Securities owned by the
Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any
such request, demand, authorization, direction, notice, consent, waiver or other action, only Securities which the Trustee knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as
Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the
Company or of such other obligor. Upon the written request of the Trustee, the Company shall furnish to, the Trustee promptly an Officers’ Certificate listing and identifying all Securities, if any, known by the Company to be owned by held by
or for the account of the Company, or any other obligor on the Securities or any Affiliate of the Company or such obligor, and subject to the provisions of Section 601, the Trustee shall be entitled to accept such Officers’ Certificate as
conclusive evidence of the facts therein set forth and of the fact that all Securities not listed therein are Outstanding for the purpose of any such determination. 
  

 -5- 

 “Paying Agent” means the Trustee or any Person authorized by the Company to pay the principal
of or any premium or interest on any Securities on behalf of the Company. 
 “Person” means any individual, corporation, limited
liability company, partnership, joint venture, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Place of Payment”, when used with respect to the Securities of any series, means the place or places where the principal of and any premium and interest on the Securities of that series are payable as specified as contemplated by
Section 301. 
 “Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of
the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security
shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 “Redemption Date”, when used
with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture. 
 “Redemption
Price”, when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture. 
 “Regular Record Date” for the interest payable on any Interest Payment Date on the Securities of any series means, unless otherwise provided pursuant to Section 301, the date that is fifteen days next preceding such Interest
Payment Date (whether or not a Business Day). 
 “Responsible Officer” shall mean, when used with respect to the Trustee, any
officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions
similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall
have direct responsibility for the administration of this Indenture. 
 “Securities” has the meaning stated in the first recital of
this Indenture and more particularly means any Securities authenticated and delivered under this Indenture. 
 “Securities Act”
means the Securities Act of 1933 and any statute successor thereto, in each case as amended from time to time. 
  

 -6- 

 “Security Register” and “Security Registrar” have the respective meanings specified
in Section 305. 
 “Senior Indebtedness” means any obligation of the Company to its creditors, whether now outstanding or
subsequently incurred, other than any obligation where, in the instrument creating or evidencing the obligation or pursuant to which the obligation is outstanding, it is provided that the obligation is not Senior Indebtedness. Senior Indebtedness
includes, without limitation: 
 (1) the principal of (and premium, if any) and interest in respect of indebtedness of the
Company for purchased or borrowed money, whether or not evidenced by securities, notes, debentures, bonds or other similar instruments issued by the Company; 
 (2) all capital lease obligations of the Company; 
 (3) all obligations of the Company issued or assumed as the deferred purchase price of property, all conditional sale obligations of the
Company and all obligations of the Company under any conditional sale or title retention agreement, but excluding trade accounts payable in the ordinary course of business; 
 (4) all obligations of the Company arising from off-balance sheet guarantees and direct credit substitutes, including obligations in
respect of any letters of credit, bankers acceptance, security purchase facilities and similar credit transactions; 
 (5) all
obligations of the Company associated with derivative products, including obligations in respect of interest rate swap, cap or other agreements, interest rate future or options contracts, currency swap agreements, currency future or option contracts
and other similar agreements; 
 (6) all obligations of the type referred to in clauses (1) through (5) of other
persons for the payment of which the Company is responsible or liable as obligor, guarantor or otherwise; 
 (7) all
obligations of the type referred to in clauses (1) through (6) of other persons secured by any lien on any property or asset of the Company whether or not such obligation is assumed by the Company; and 
 (8) any deferrals, renewals or extensions of any such Senior Indebtedness. 
 Notwithstanding the foregoing, Senior Indebtedness does not include: 
 (1) the Securities; 
 (2) trade accounts payable arising in the ordinary course of business; and 
 (3) any indebtedness that by its terms
is subordinated to, or ranks on an equal basis with, the Securities, including, (a) the 8.42% Junior Subordinated 

  

 -7- 

 
Deferrable Interest Debentures, Series A held by Cullen/Frost Capital Trust I and the guarantee by the Company in respect of the trust preferred securities
issued thereby; (b) the Floating Rate Junior Subordinated Deferrable Interest Debentures, Series A held by Cullen/Frost Capital Trust II and the guarantee by the Company in respect of the trust preferred securities issued thereby; (c) the
Floating Rate Junior Subordinated Deferrable Interest Debentures held by Alamo Corporation of Texas Trust I and the guarantee by the Company in respect of the trust preferred securities issued thereby; and (d) the Junior Subordinated Debt
Security held by Summit Bancshares Statutory Trust I and the guarantee by the Company in respect of the trust preferred securities issued thereby; all of which are subordinated to the Securities. 
 “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 307. 
 “Stated Maturity”, when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified
in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 
 “Subsidiary” means a corporation more than 50% of the outstanding voting stock of which is owned, directly or indirectly, by the Company or by one or more other Subsidiaries, or by the Company and one or more other Subsidiaries.
For the purposes of this definition, “voting stock” means stock which ordinarily has voting power for the election of directors, whether at all times or only so long as no senior class of stock has such voting power by reason of any
contingency. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was
executed, except as provided in Section 905; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust
Indenture Act of 1939 as so amended. 
 “Trustee” means the Person named as the “Trustee” in the first paragraph of this
instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at any time there is
more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 
 “U.S. Government Obligation” has the meaning specified in Section 1304. 
 “Vice
President”, when used with respect to the Company or the Trustee, means any vice president, whether or not designated by a number or a word or words added before or after the title “vice president”. 
 SECTION 102. Compliance Certificates and Opinions. 
 Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee an 

  

 -8- 

 
Officers’ Certificate stating that all conditions precedent (including covenants compliance with which constitutes a condition precedent), if any,
provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel, all such conditions precedent (including covenants compliance with which constitutes a
condition precedent), if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular
application or request, no additional certificate or opinion need be furnished. 
 Every certificate or opinion with respect to compliance
with a condition or covenant provided for in this Indenture shall include, 
 (1) a statement that each individual signing
such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (2) a brief
statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him
to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (4) a statement
as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
 SECTION 103. Form of Documents Delivered to
Trustee. 
 In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is
not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters
and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the
exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion of counsel may be based, insofar as
it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel
knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
  

 -9- 

 Where any Person is required to make, give or execute two or more applications, requests, consents,
certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 SECTION
104. Acts of Holders; Record Dates. 
 Any request, demand, authorization, direction, notice, consent, waiver or other action provided
or permitted by this Indenture to be given, made or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and, except as
herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action
embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be
sufficient for any purpose of this Indenture and (subject to Section 601) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. 
 The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a
certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer
acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person
executing the same, may also be proved in any other manner which the Trustee deems sufficient. 
 The fact and date of the execution by any
Person of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner that the Trustee deems sufficient and in accordance with such reasonable rules as the Trustee may determine.

 The ownership of Securities shall be proved by the Security Register. 
 Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the
same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon,
whether or not notation of such action is made upon such Security. 
 The Company may set any day as a record date for the purpose of
determining the Holders of Outstanding Securities of any series entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken
by Holders of Securities of such series, provided that the Company may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or direction
referred to in the next paragraph. If not set by the Company before 

  

 -10- 

 
the first solicitation of a Holder made by any Person in respect of any such matter referred to in the foregoing sentence, the record date for any such
matter shall be the 30th day (or, if later, the date of the most recent list of Holders required to be provided pursuant to Section 701) before the first solicitation. If any record date is set pursuant to this paragraph, the Holders of
Outstanding Securities of the relevant series on such record date, and no other Holders, shall be entitled to take the relevant action, whether or not such Holders remain Holders after such record date; provided that no such action shall be
effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the
Company from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no
effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is taken. Promptly after any
record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder of
Securities of the relevant series in the manner set forth in Section 106. 
 The Trustee may set any day as a record date for the
purpose of determining the Holders of Outstanding Securities of any series entitled to join in the giving or making of (i) any Notice of Default, (ii) any request to institute proceedings referred to in Section 507(2) or
(iii) any direction referred to in Section 512, in each case with respect to Securities of such series. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of such series on such record date, and no
other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken on or prior
to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record date for any
action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be
construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the
Trustee, at the Company’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Company in writing and to each Holder of Securities of the relevant series in the
manner set forth in Section 106. 
 With respect to any record date set pursuant to this Section, the party hereto which sets such
record dates may designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new
Expiration Date is given to the other party hereto in writing, and to each Holder of Securities of the relevant series in the manner set forth in Section 106, on or prior to the existing Expiration Date. If an Expiration Date is not designated
with respect to any record date set pursuant to this Section, the party hereto which set such record date shall be deemed to have initially 

  

 -11- 

 
designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided
in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 
 Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do so with regard to all or any part of the principal amount of such Security or by one or more duly
appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. 
 SECTION 105. Notices,
Etc., to Trustee and Company. 
 Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other
document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, 
 (1) the Trustee by
any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing and delivered in person or mailed by first-class mail, postage prepaid, addressed to or with the Trustee at its Corporate
Trust Office, or transmitted by facsimile transmission (confirmed by delivery in person) or mail by first-class mail, postage prepaid, or by guaranteed overnight courier, or 
 (2) the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly
provided) if in writing and mailed, first-class postage prepaid, to the Company addressed to it at the address of its principal office specified in the first paragraph of this instrument, Attention: Corporate Counsel, or at any other address
previously furnished in writing to the Trustee by the Company. 
 SECTION 106. Notice to Holders; Waiver. 
 Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if
in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it appears in the Security Register, not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed
for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect
to other Holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice.
Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 
 In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then
such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

  

 -12- 

 SECTION 107. Conflict with Trust Indenture Act. 
 Except as otherwise expressly provided herein, the Trust Indenture Act shall apply as a matter of contract to this Indenture for purposes of
interpretation, construction and defining the rights and obligations hereunder, and this Indenture, the Company, and the Trustee shall be deemed for all purposes hereof to be subject to and governed by the Trust Indenture Act. Except as otherwise
provided herein, if and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by any of Sections 310 to 317, inclusive, of the Trust Indenture Act through operation of Section 318(c) thereof,
such imposed duties shall control. 
 Whenever this Indenture refers to a provision of the Trust Indenture Act, that provision is
incorporated by reference in and made a part of this Indenture. The Indenture shall also include those provisions of the Trust Indenture Act required to be included herein by the provisions of the Trust Indenture Reform Act of 1990. The following
Trust Indenture Act terms used in this Indenture have the following meanings: 
 “indenture securities” means the Securities;

 “indenture trustee” means the Trustee; and 
 “obligor” on the Securities means the Company or any other obligor on the Securities. 
 All other
terms used in this Indenture that are defined in the Trust Indenture Act, defined by Trust Indenture Act reference to another statute or defined by any Commission rule and not otherwise defined herein shall have the meanings assigned to them
therein. 
 SECTION 108. Effect of Headings and Table of Contents. 
 The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 
 SECTION 109. Successors and Assigns. 
 All covenants and agreements in this Indenture by the Company
shall bind its successors and assigns, whether so expressed or not. 
 SECTION 110. Separability Clause. 
 In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby. 
  

 -13- 

 SECTION 111. Benefits of Indenture. 
 Nothing in this Indenture or in the Securities, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder, the holders of Senior Indebtedness and the Holders, any
benefit or any legal or equitable right, remedy or claim under this Indenture. 
 SECTION 112. Governing Law. 
 This Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York. 
 SECTION 113. Legal Holidays. 
 In any case where
any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Securities (other than a provision of any
Security which specifically states that such provision shall apply in lieu of this Section)) payment of interest or principal (and premium, if any) need not be made at such Place of Payment on such date, but may be made on the next succeeding
Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity. No interest shall accrue for the period after that Interest Payment Date, Redemption Date or
Stated Maturity, as the case may be, and up to and including the next succeeding Business Day. 
 SECTION 114. Execution in Counterparts. 

This Indenture may be executed and delivered in any number of counterparts, each of which when so executed and delivered shall be deemed to be an
original, and all such counterparts shall together constitute but one and the same instrument. 
 ARTICLE TWO 
 SECURITY FORMS 
 SECTION 201.
Forms Generally. 
 The Securities of each series and the Trustee’s Certificate of Authentication shall be in substantially
the form set forth in this Article, or in such other form as shall be established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and
other variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities
exchange or Depositary therefor or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution 

  

 -14- 

 
thereof. If the form of Securities of any series is established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such
action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 303 for the authentication and delivery of such
Securities. 
 The definitive securities shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other
manner, all as determined by the officers executing such Securities, as evidenced by their execution of such Securities. 
 SECTION 202. Form of Face of
Security. 
 THIS SECURITY IS AN UNSECURED SUBORDINATED DEBT OBLIGATION OF CULLEN/FROST BANKERS, INC. THIS SECURITY IS NOT A DEPOSIT OR
SAVINGS ACCOUNT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY. 
 [Insert any
legend required by the Internal Revenue Code and the regulations thereunder.] 
 CULLEN/FROST BANKERS, INC. 
         % Subordinated Notes due      
  

						
	 No.            
	  		  	$	            

 Cullen/Frost Bankers, Inc., a corporation duly organized and existing under the laws of the State
of Texas (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                            , or registered assigns, the principal sum of
                             Dollars on
                            [if the Security is to bear interest prior to Maturity,
insert — , and to pay interest thereon from              or from the most recent Interest Payment Date to which interest has been paid or duly provided for,
semi-annually on              and              in each year, commencing
            , at the rate of .% per annum, until the principal hereof is paid or made available for payment [if applicable, insert — , provided that any
principal and premium, and any such installment of interest, which is overdue shall bear interest at the rate of          .% per annum (to the extent that the payment of such interest shall be legally
enforceable), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand]. The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the
             or              (whether or not a Business Day), as the case may be, next preceding such Interest
Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to
such Special 

  

 -15- 

 
Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of
this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture]. 
 [If the
Security is not to bear interest prior to Maturity, insert — The principal of this Security shall not bear interest except in the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in
such case the overdue principal and any overdue premium shall bear interest at the rate of         % per annum (to the extent that the payment of such interest shall be legally enforceable), from the
dates such amounts are due until they are paid or made available for payment. Interest on any overdue principal or premium shall be payable on demand. [Any such interest on overdue principal or premium which is not paid on demand shall bear
interest at the rate of          % per annum (to the extent that the payment of such interest on interest shall be legally enforceable), from the date of such demand until the amount so demanded is paid
or made available for payment. Interest on any overdue interest shall be payable on demand.] ] 
 Payment of the principal of (and
premium, if any) and [if applicable, insert — any such] interest on this Security will be made at the office or agency of the Company maintained for that purpose in
            , in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts [if applicable,
insert — ; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register].

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

 Dated: 
  

			
	CULLEN/FROST BANKERS, INC.
		
	By	 	  

  

	
	Attest:
	
	  

  

 -16- 

 SECTION 203. Form of Reverse of Security. 
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or
more series under an Indenture, dated as of February     , 2007 (herein called the “Indenture”, which term shall have the meaning assigned to it in such instrument), between the Company and 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 and all indentures supplemental thereto for a statement of the respective rights,
limitations of rights, duties and immunities thereunder of the Company, the Trustee, the holders of Senior Indebtedness and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered.
This Security is one of the series designated on the face hereof [if applicable, insert —, limited in aggregate principal amount to $            ].

 [If applicable, insert — The Securities of this series are subject to redemption upon not less than 30 days’
notice by mail, [if applicable, insert — (1) on              in any year commencing with the year
             and ending with the year              through operation of the sinking fund for this series at a
Redemption Price equal to 100% of the principal amount, and (2)] at any time [if applicable, insert — on or after             , 20], as a
whole or in part, at the election of the Company, at the following Redemption Prices (expressed as percentages of the principal amount): If redeemed [if applicable, insert — on or before
        , %            , and if redeemed] during the 12-month period beginning . of the years indicated, 
  

							
	Year	 	Redemption
Price	 	Year	 	Redemption
Price
		 		 		 	
		 		 		 	
		 		 		 	

 and thereafter at a Redemption Price equal to          % of the
principal amount, together in the case of any such redemption [if applicable, insert — (whether through operation of the sinking fund or otherwise)] with accrued interest to the Redemption Date, but interest
installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the
face hereof, all as provided in the Indenture.] 
 [If applicable, insert — The Securities of this series are
subject to redemption upon not less than 30 days’ notice by mail, (1) on              in any year commencing with the year
             and ending with the year . through operation of the sinking fund for this series at the Redemption Prices for redemption through operation of the sinking fund (expressed
as percentages of the principal amount) set forth in the table below, and (2) at any time [if applicable, insert — on or after              ], as
a whole or in part, at the election of the Company, at the Redemption Prices for redemption otherwise than through operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below: If redeemed during the
12-month period beginning of the years indicated, 
  

 -17- 

					
	Year	 	 Redemption Price
For Redemption
Through Operation
of
the
 Sinking Fund
	 	Redemption Price For
Redemption Otherwise
Than Through Operation
of the Sinking
Fund

  
 and thereafter at a Redemption Price equal
to          % of the principal amount, together in the case of any such redemption (whether through operation of the sinking fund or otherwise) with accrued interest to the Redemption Date, but interest
installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the
face hereof, all as provided in the Indenture.] 
 [If applicable, insert — Notwithstanding the foregoing, the
Company may not, prior to, redeem any Securities of this series as contemplated by [if applicable, insert — Clause (2) of] the preceding paragraph as a part of, or in anticipation of, any refunding operation by the application,
directly or indirectly, of moneys borrowed having an interest cost to the Company (calculated in accordance with generally accepted financial practice) of less than .% per annum.] 
 [If applicable, insert — The sinking fund for this series provides for the redemption on
             in each year beginning with the year              and ending with the year
             of [if applicable, insert — not less than $             (“mandatory sinking
fund”) and not more than] $. aggregate principal amount of Securities of this series. Securities of this series acquired or redeemed by the Company otherwise than through [if applicable, insert — mandatory] sinking fund
payments may be credited against subsequent [if applicable, insert — mandatory] sinking fund payments otherwise required to be made [if applicable, insert — , in the inverse order in which they become due].]

 [If the Security is subject to redemption of any kind, insert — In the event of redemption of this Security in part only,
a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.] 
 The indebtedness evidenced by this Security is, to the extent provided in the Indenture, subordinate and subject in right of payment to the prior payment
in full of all Senior Indebtedness, and this Security is issued subject to the provisions of the Indenture with respect thereto. Each Holder of this Security, by accepting the same, (a) agrees to and shall be bound by such provisions,
(b) authorizes and directs the Trustee on his or her behalf to take such actions as may be necessary or appropriate to effectuate the subordination so provided and (c) appoints the Trustee his or her attorney-in-fact for any 

  

 -18- 

 
and all such purposes. Each Holder hereof, by his or her acceptance hereof, waives all notice of the acceptance of the subordination provisions contained
herein and in the Indenture by each holder of Senior Indebtedness, whether now outstanding or hereafter created, incurred, assumed or guaranteed, and waives reliance by each such holder upon said provisions. 
 [If applicable, insert — The Indenture contains provisions for defeasance at any time of [the entire indebtedness of this Security] [or]
[certain restrictive covenants and Events of Default with respect to this Security] [, in each case] upon compliance with certain conditions set forth in the Indenture.] 
 [If the Security is not an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of
this series may be declared due and payable in the manner and with the effect provided in the Indenture.] 
 [If the Security is an
Original Issue Discount Security, insert — If an Event of Default with respect to Securities of this series shall occur and be continuing, an amount of principal of the Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture. Such amount shall be equal to — insert formula for determining the amount. Upon payment (i) of the amount of principal so declared due and payable and (ii) of interest
on any overdue principal, premium and interest (in each case to the extent that the payment of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the principal of and premium and interest,
if any, on the Securities of this series shall terminate.] 
 The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and
the Trustee with the consent of the Holders of 66 2/3% in principal amount of the Securities 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 Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company 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 Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security 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 Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or
trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal
amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee
shall not have received from the Holders of a majority in principal amount of Securities of this series at 

  

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the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such
notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates
expressed herein. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register,
upon surrender of this Security for registration of transfer at the office or agency of the Company maintained under Section 1002 of the Indenture for such purpose, duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Securities of this series are issuable
only in registered form without coupons in denominations of $            . and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein
set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Security for registration of transfer,
the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee
nor any such agent shall be affected by notice to the contrary. 
 This Security shall be governed by and construed in accordance with the
laws of the State of New York. 
 All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them
in the Indenture. 
  

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 SECTION 204. Form of Legend for Global Securities. 
 Unless otherwise specified as contemplated by Section 301 for the Securities evidenced thereby, every Global Security authenticated and delivered
hereunder shall bear a legend in substantially the following form: 
 THIS SECURITY IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE
THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART
FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE
OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON
OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 SECTION 205.
Form of Trustee’s Certificate of Authentication. 
 The Trustee’s certificates of authentication shall be in substantially
the following form: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

  

			
	THE BANK OF NEW YORK,
	As Trustee
		
	 By
	 	  

		 	Authorized Officer

 ARTICLE THREE 
 THE SECURITIES 
 SECTION 301. Amount Unlimited; Issuable In
Series. 
 The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited.

 The Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution and, subject to
Section 303, set forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series, 
 (1) the title of the Securities of the series (which shall distinguish the Securities of the series from Securities of any other series);

 (2) any limit upon the aggregate principal amount of the Securities of the series which may be authenticated and delivered
under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 304, 305, 306, 906 or 1107 and except for any
Securities which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder); 
 (3)
the Person to whom any interest on a Security of the series shall be payable, if other than the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such
interest; 
  

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 (4) the date or dates on which the principal of any Securities of the series is payable;

 (5) the rate or rates at which any Securities of the series shall bear interest, if any, the date or dates from which any
such interest shall accrue, the Interest Payment Dates on which any such interest shall be payable and the Regular Record Date for any such interest payable on any Interest Payment Date; 
 (6) the place or places where the principal of and any premium and interest on any Securities of the series shall be payable, the place or
places where the Securities of such series may be presented for registration of transfer or exchange, and the place or places where notices or demands to or upon the Company in respect of the Securities of such series may be made; 
 (7) the period or periods within which, the price or prices at which and the terms and conditions upon which any Securities of the series
may be redeemed, in whole or in part, at the option of the Company and, if other than by a Board Resolution, the manner in which any election by the Company to redeem the Securities shall be evidenced; 
 (8) the obligation, if any, of the Company to redeem or purchase any Securities of the series pursuant to any sinking fund or analogous
provisions or at the option of the Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which any Securities of the series shall be redeemed or purchased, in whole or in part, pursuant
to such obligation; 
 (9) if other than denominations of $1,000 and any integral multiple thereof, the denominations in which
any Securities of the series shall be issuable; 
 (10) if the amount of principal of or any premium or interest on any
Securities of the series may be determined with reference to an index or pursuant to a formula, the manner in which such amounts shall be determined; 
 (11) if other than the currency of the United States of America, the currency, currencies or currency units (which in each instance, shall be acceptable to the Trustee) in which the principal of or any premium or
interest on any Securities of the series shall be payable and the manner of determining the equivalent thereof in the currency of the United States of America for any purpose, including for purposes of the definition of “Outstanding” in
Section 101; 
 (12) if the principal of or any premium or interest on any Securities of the series is to be payable, at
the election of the Company or the Holder thereof, in one or more currencies or currency units other than that or those in which such Securities are stated to be payable, the currency, currencies or currency units in which the principal of or any
premium or interest on such Securities as to which such election is made shall be payable, the periods within which and the terms and conditions upon which such election is to be made and the amount so payable (or the manner in which such amount
shall be determined); 
  

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 (13) if other than the entire principal amount thereof, the portion of the principal
amount of any Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502; 
 (14) if the principal amount payable at the Stated Maturity of any Securities of the series will not be determinable as of any one or more dates prior to the Stated Maturity, the amount which shall be deemed to be the
principal amount of such Securities as of any such date for any purpose thereunder or hereunder, including the principal amount thereof which shall be due and payable upon any Maturity other than the Stated Maturity or which shall be deemed to be
Outstanding as of any date prior to the Stated Maturity (or, in any such case, the manner in which such amount deemed to be the principal amount shall be determined); 
 (15) if applicable, that the Securities of the series, in whole or any specified part, shall be defeasible pursuant to Section 1302
or Section 1303 or both such Sections and, if other than by a Board Resolution, the manner in which any election by the Company to defease such Securities shall be evidenced; 
 (16) if applicable, that any Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities
and, in such case, the respective Depositaries for such Global Securities, the form of any legend or legends which shall be borne by any such Global Security in addition to or in lieu of that set forth in Section 204 and any circumstances in
addition to or in lieu of those set forth in Clause (2) of the last paragraph of Section 305 in which any such Global Security may be exchanged in whole or in part for Securities registered, and any transfer of such Global Security in
whole or in part may be registered, in the name or names of Persons other than the Depositary for such Global Security or a nominee thereof; 
 (17) any addition to or change in the Events of Default or Defaults which applies to any Securities of the series and, in the case of Events of Default, any change in the right of the Trustee or the requisite Holders
of such Securities to declare the principal amount thereof due and payable pursuant to Section 502; 
 (18) any addition
to or change in the covenants set forth in Article Ten which applies to Securities of the series; and 
 (19) any other terms
of the Securities of such series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by Section 901(5)). 
 All Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to
Section 303) set forth, or determined in the manner provided, in the Officers’ Certificate referred to above or in any such indenture supplemental hereto. 
  

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 If any of the terms of the series are established by action taken pursuant to a Board Resolution, a copy
of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of the series.

 The Securities shall be subordinated in right of payment to Senior Indebtedness as provided in Article Fourteen. 
 SECTION 302. Denominations. 
 The Securities of each
series shall be issuable only in registered form without coupons and only in such denominations as shall be specified as contemplated by Section 301. In the absence of any such specified denomination with respect to the Securities of any
series, the Securities of such series shall be issuable in denominations of $1,000 and any integral multiple thereof. 
 SECTION 303. Execution,
Authentication, Delivery and Dating. 
 The Securities shall be executed on behalf of the Company by its Chairman of the Board, the Senior
Chairman of the Board, the President, Chief Financial Officer or a Vice President, under its corporate seal reproduced thereon attested by its Secretary or one of its Assistant Secretaries. The signature of any of these officers on the Securities
may be manual or facsimile. 
 Securities bearing the manual or facsimile signatures of individuals who were at any time the proper officers
of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities.

 At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series
executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver such Securities. If
the form or terms of the Securities of the series have been established by or pursuant to one or more Board Resolutions as permitted by Sections 201 and 301, in authenticating such Securities, and accepting the additional responsibilities under
this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating, 
 (1) if the form of such Securities has been established by or pursuant to Board Resolution as permitted by Section 201, that such
form has been established in conformity with the provisions of this Indenture; 
 (2) if the terms of such Securities have
been established by or pursuant to Board Resolution as permitted by Section 301, that such terms have been established in conformity with the provisions of this Indenture; and 
  

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 (3) that such Securities, when authenticated and delivered by the Trustee and issued by
the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company enforceable in accordance with their terms, subject to bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 
 If such form or terms have been so established, the Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights,
duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 
 Notwithstanding the provisions of Section 301 and of the preceding paragraph, if all Securities of a series are not to be originally issued at one time, it shall not be necessary to deliver the Officers’ Certificate otherwise
required pursuant to Section 301 or the Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the authentication of each Security of such series if such documents are delivered at or prior
to the authentication upon original issuance of the first Security of such series to be issued. 
 Each Security shall be dated the date of
its authentication. 
 No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless
there appears on such Security a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence,
that such Security has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such
Security to the Trustee for cancellation as provided in Section 309, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this
Indenture. 
 SECTION 304. Temporary Securities. 
 Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or
otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers
executing such Securities may determine, as evidenced by their execution of such Securities. 
 If temporary Securities of any series are
issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for
definitive Securities of such series upon surrender of the 

  

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temporary Securities of such series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon
surrender for cancellation of any one or more temporary Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized
denominations and of like tenor and aggregate principal amount. Until so exchanged, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series and tenor.

 SECTION 305. Registration, Registration of Transfer and Exchange. 
 The Company shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register maintained in such office and in any other office or agency of the Company in a Place of Payment being herein
sometimes collectively referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities and of transfers of Securities. The Trustee
is hereby appointed “Security Registrar” for the purpose of registering Securities and transfers of Securities as herein provided. 
 Upon surrender for registration of transfer of any Security of a series at the office or agency of the Company in a Place of Payment for that series, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount. 
 At the option of the Holder, Securities of any series may be exchanged for other Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount, upon surrender of the
Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled
to receive. 
 All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the
Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 
 Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security Registrar duly executed, by the Holder thereof or his attorney duly authorized in writing. 
 No
service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of
transfer or exchange of Securities, other than exchanges pursuant to Section 304, 906 or 1107 not involving any transfer. 
  

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 If the Securities of any series (or of any series and specified tenor) are to be redeemed in part, the
Company shall not be required (A) to issue, register the transfer of or exchange any Securities of that series (or of that series and specified tenor, as the case may be) during a period beginning at the opening of business 15 days before
the day of the mailing of a notice of redemption of any such Securities selected for redemption under Section 1103 and ending at the close of business on the day of such mailing, or (B) to register the transfer of or exchange any Security
so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 
 The provisions of
Clauses (1), (2), (3) and (7) below shall apply only to Global Securities: 
 (1) Each Global Security authenticated
under this Indenture shall be registered in the name of the Depositary designated for such Global Security or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall
constitute a single Security for all purposes of this Indenture. 
 (2) Notwithstanding any other provision in this Indenture,
no Global Security may be exchanged in whole or in part for Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Security or a nominee
thereof unless (A) such Depositary (i) has notified the Trustee in writing that it is unwilling or unable to continue as Depositary for such Global Security and the Company is unable to locate a qualified successor or (ii) has ceased
to be a clearing agency registered under the Exchange Act, (B) there shall have occurred and be continuing an Event of Default with respect to such Global Security or (C) there shall exist such circumstances, if any, in addition to or in
lieu of the foregoing as have been specified for this purpose as contemplated by Section 301. 
 (3) Subject to Clause
(2) above, any exchange of a Global Security for other Securities may be made in whole or in part, and all Securities issued in exchange for a Global Security or any portion thereof shall be registered in such names as the Depositary for such
Global Security shall direct. 
 (4) If any Global Security is to be exchanged for other Securities or cancelled in whole, it
shall be surrendered by or on behalf of the Depositary or its nominee to the Securities Registrar for exchange or cancellation as provided in this Article Three. If any Global Security is to be exchanged for other Securities or cancelled in part, or
if another Security is to be exchanged in whole or in part for a beneficial interest in any Global Security, then either (i) such Global Security shall be so surrendered for exchange or cancellation as provided in this Article Three or
(ii) the principal amount thereof shall be reduced, or increased by an amount equal to the portion thereof to be so exchanged or cancelled, or equal to the principal amount of such other Security to be so exchanged for a beneficial interest
therein, as the case may be, by means of an appropriate adjustment made on the records of the Securities Registrar, whereupon the Trustee, in accordance with the Applicable Procedures, shall instruct the Depositary or its authorized representative
to make a corresponding adjustment to its records. Upon any such surrender or adjustment of a Global Security by the Depositary, accompanied by registration instructions, the Trustee 

  

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shall, subject to Section 305(2) and as otherwise provided in this Article Three, authenticate and deliver any Securities issuable in exchange for such
Global Security (or any portion thereof) in accordance with the instructions of the Depositary. The Trustee shall not be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be fully protected in relying on,
such instructions. 
 (5) The Depositary or its nominee, as the registered owner of a Global Security, shall be the Holder of
such Global Security for all purposes under this Indenture and the Securities, and owners of beneficial interests in a Global Security shall hold such interests pursuant to the Applicable Procedures. Accordingly, any such owner’s beneficial
interest in a Global Security shall be shown only on, and the transfer of such interest shall be effected only through, records maintained by the Depositary or its nominee or its Agent Members. Neither the Trustee nor the Securities Registrar shall
have any liability in respect of any transfers effected by the Depositary. 
 (6) The rights of owners of beneficial interests
in a Global Security shall be exercised only through the Depositary and shall be limited to those established by law and agreements between such owners and the Depositary and/or its Agent Members. 
 (7) Every Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security or
any portion thereof, whether pursuant to this Section, Section 304, 306, 906 or 1107 or otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such Security is registered in the name of a Person
other than the Depositary for such Global Security or a nominee thereof. 
 SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee together with such security or indemnity as may be required by the Company or the Trustee to
save each of them harmless, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously
outstanding. 
 If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss
or theft of any Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been
acquired by a bona fide purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security of the same series and of like tenor and principal amount and bearing
a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Security has become or is about to
become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 
  

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 Upon the issuance of any new Security under this Section, the Company may require the payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 
 Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original
additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and
all other Securities of that series duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to the extent
lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 SECTION 307.
Payment of Interest; Interest Rights Preserved. 
 Except as otherwise provided as contemplated by Section 301 with respect to any
series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities)
is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the
principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series that is issued between a Regular Record Date and the related Interest Payment Date shall be payable as
provided in such Security or in the Board Resolution pursuant to Section 301 with respect to the related series of Securities. 
 Any
interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant
Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below: 
 (1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Securities of such series (or their
respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the
amount of Defaulted Interest proposed to be paid on each Security of such series and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be
paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to
such Defaulted Interest as in this Clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less 

  

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than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment.
The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice, which notice shall be prepared by the Company and shall be acceptable to the Trustee, of the proposed
payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder of Securities of such series in the manner set forth in Section 106, not less than 10 days prior to such Special Record Date. Notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities of such series (or their respective Predecessor Securities)
are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following Clause (2). 
 (2) The Company may make payment of any Defaulted Interest on the Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities of the
series in respect of which interest is in default may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this Clause, such manner of payment
shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this Section, each Security delivered under this
Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 
 SECTION 308. Persons Deemed Owners. 
 Prior to due
presentment of a Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee shall treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving
payment of principal of and any premium and (subject to Section 307) any interest on such Security and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company
or the Trustee shall be affected by notice to the contrary. 
 None of the Company, the Trustee or any agent of the Company or the Trustee
shall have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Security in global form, or for maintaining, supervising or reviewing any records relating to
such beneficial ownership interests. Notwithstanding the foregoing, with respect to any Security in global form, nothing herein shall prevent the Company or Trustee, or any agent of the Company or the Trustee, from giving effect to any written
certification, proxy or other authorization furnished by a Depositary (or its nominee), as a Holder, with respect to such Security in global form or impair, as between such Depositary and owners of beneficial interests in such Security in global
form, the operation of customary practices governing the exercise of the rights of such Depositary (or its nominee) as Holder of such Security in global form. 
  

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 SECTION 309. Cancellation. 
 All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the
Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may
deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by
the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of
as directed by a Company Order. 
 SECTION 310. Computation of Interest. 
 Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

 SECTION 311. CUSIP Numbers. 
 The
Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice
may state no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the
Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 
 ARTICLE FOUR 
 SATISFACTION
AND DISCHARGE 
 SECTION 401. Satisfaction and Discharge of Indenture. 
 This Indenture shall upon Company Request cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of
Securities herein expressly provided for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 
 (1) either 
 (A) all Securities theretofore authenticated and delivered (other than (i) Securities which have been destroyed, lost or stolen and which have been 

  

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replaced or paid as provided in Section 306 and (ii) Securities for whose payment money has theretofore been deposited in trust or segregated and
held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; or 
 (B) all such Securities not theretofore delivered to the Trustee for cancellation 
 (i) have become due and payable, or 
 (ii) will become due and payable at their Stated Maturity within one year, or 
 (iii) are to
be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, 
 and the Company, in the case of (i), (ii) or (iii) above, has deposited or caused to be deposited with the Trustee as trust funds in trust for
pI4A such purpose money in an amount sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and any premium and interest to the date of such deposit (in the
case of Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be; 
 (2)
the Company has paid or caused to be paid all other sums payable hereunder by the Company; and 
 (3) the Company has
delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel complying with Section 103, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been
complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under
Section 607, the obligations of the Trustee to any Authenticating Agent under Section 614 and, if money shall have been deposited with the Trustee pursuant to subclause (B) of Clause (1) of this Section, the obligations of the
Trustee under Section 402 and the last paragraph of Section 1003 shall survive. 
 SECTION 402. Application of Trust Money. 
 Subject to the provisions of the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401 shall be held in
trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the
Persons entitled thereto, of the principal and any premium and interest for whose payment such money has been deposited with the Trustee. 
  

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 ARTICLE FIVE 
 REMEDIES 
 SECTION 501. Events of Default. 
 (a) “Event of Default”, wherever used herein with respect to Securities of any series, means any one of the following events
(whatever the reason for such Event of Default 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): 
 (1) the entry by a court having jurisdiction in the premises of (A) a decree or order for relief
in respect of the Company in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (B) a decree or order adjudging the Company bankrupt or insolvent, or approving
as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a receiver or other similar official of the Company or of any
substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of 60 consecutive days; or

 (2) the commencement by the Company of a voluntary case or proceeding under any applicable Federal or State bankruptcy,
insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company in an involuntary case or
proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or consent
seeking reorganization relief under any applicable Federal or State law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a receiver or similar official of the Company or of any substantial part of
its property or the taking of corporate action by the Company in furtherance of any such action; or 
 (3)(A) the appointment
by a competent government agency having primary regulatory authority over any Major Constituent Bank under any applicable Federal or State banking, insolvency or similar law now or hereafter in effect of a receiver of any such Major Constituent Bank
or (B) the entry of a decree or order in any case or proceeding under any applicable Federal or State banking, insolvency or other similar law now or hereafter in effect appointing any receiver of any Major Constituent Bank. 
 (b) “Default”, wherever used herein, means any one of the following events (whatever the reason for such Default and whether it
shall be voluntary or 

  

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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 or any
administrative or governmental body): 
 (i) an Event of Default specified in Section 501(a); or 
 (ii) default in the payment of any interest upon any Security of that series when it becomes due and payable, and continuance of such
default for a period of 30 days; or 
 (iii) default in the payment of the principal of any Security of that series at its
Maturity; or 
 (iv) default in the deposit of any sinking fund payment, when and as due by the terms of a Security of that
series; or 
 (v) default in the performance, or breach of any covenant or warranty of the Company in this Indenture (other
than a covenant or warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for the benefit of series of Securities other than that
series), and continuance of such default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal
amount of the Outstanding Securities of that series 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 
 (vi) any other Event of Default or Default provided with respect to Securities of that series. 
 SECTION 502. Acceleration of Maturity; Rescission and Annulment. 
 If an Event of Default with respect to the Securities of any series at the time Outstanding occurs and is continuing, then the principal amount of (and premium, if any, on) and accrued interest on all the Securities
of that series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities as may be specified by the terms thereof) shall become immediately due and payable without any
declaration or other act on the part of the Trustee or any Holder. 
 At any time after such a declaration of acceleration with respect to
Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities
of that series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if 
 (1) the Company has paid or deposited with the Trustee a sum sufficient to pay 
 (A) all overdue interest on all
Securities of that series, 
  

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 (B) the principal of (and premium, if any, on) any Securities of that series which have
become due otherwise than by such declaration of acceleration and any interest thereon at the rate or rates prescribed therefor in such Securities, 
 (C) to the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor in such Securities, and 
 (D) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel; 
 and 
 (2) all Events of Default with respect to Securities of that series, other than the non-payment of the principal of Securities of that series which have become due solely by such declaration of acceleration, have been
cured or waived as provided in Section 513. 
 No such rescission shall affect any subsequent default or impair any right consequent
thereon. 
 SECTION 503. Collection of Indebtedness and Suits for Enforcement by Trustee. 
 The Company covenants that if 
 (1) default is made in the payment of any interest on any Security when such interest becomes due and payable and such default continues for a period of 30 days, or 
 (2) default is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof, 
 the Company will, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders of such Securities, the whole amount then due and payable on such
Securities for principal, including any sinking fund payment, and any premium and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and premium and on any overdue interest, at
the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel. 
 If the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in its own
name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other
obligor upon such Securities and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 
  

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 If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may
in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether
for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
 SECTION 504. Trustee May File Proofs of Claim. 
 In case of any judicial proceeding relative to the
Company (or any other obligor upon the Securities), its property or its creditors, the Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust Indenture Act in
order to have claims of the Holders and the Trustee allowed in any such proceeding. In particular, the Trustee shall be authorized (i) to file and prove a claim for the whole amount of principal (and premium, if any) and interest owing and
unpaid in respect of the Securities in accordance with the terms thereof and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation,
expense, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and (ii) to collect and receive any moneys or other property payable or deliverable on any such claims and to
distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that
the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other
amounts due the Trustee under Section 607. 
 No provision of this Indenture shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any
Holder in any such proceeding; provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee.

 SECTION 505. Trustee May Enforce Claims Without Possession of Securities. 
 All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the
Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the
payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 
  

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 SECTION 506. Application of Money Collected. 
 Subject to Article Fourteen, any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates
fixed by the Trustee and, in case of the distribution of such money on account of principal or any premium or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if
fully paid: 
 FIRST: To the payment of all amounts due the Trustee and any predecessor Trustee under Section 607;

 SECOND: Subject to Article Fourteen, to the payment of the amounts then due and unpaid for principal of and any premium
and interest on the Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and any
premium and interest, respectively; 
 THIRD: To the Person or Persons entitled thereto; and 
 FOURTH: The balance, if any, to the Company. 
 SECTION 507. Limitation on Suits. 
 Subject to Section 508, no Holder of any Security of any series shall have any right
to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
 (1) such Holder has previously given written notice to the Trustee of a continuing Default with respect to the Securities of that series;

 (2) the Holders of not less than 25% in principal amount of the Outstanding Securities of that series shall have made
written request to the Trustee to institute proceedings in respect of such Default in its own name as Trustee hereunder; 
 (3) such Holder or Holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request; 
 (4) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such
proceeding; and 
 (5) no direction inconsistent with such written request has been given to the Trustee during such 60-day
period by the Holders of a majority in principal amount of the Outstanding Securities of that series; 
 it being understood and intended that no one or more
of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or
preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all of such Holders. 
  

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 SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest. 
 Notwithstanding any other provision in this Indenture, the Holder of any Security of any series shall have the right, which is absolute and unconditional,
to receive payment of the principal of and any premium and (subject to Section 307) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date) and to
institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
 SECTION 509.
Restoration of Rights and Remedies. 
 If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under
this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the
Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted.

 SECTION 510. Rights and Remedies Cumulative. 
 Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to
the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law
or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 SECTION 511. Delay or Omission Not Waiver. 
 No delay
or omission of the Trustee or of any Holder of any Securities of the related series to exercise any right or remedy accruing upon any Default shall impair any such right or remedy or constitute a waiver of any such Default or an acquiescence
therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 SECTION 512. Control by Holders. 
 The Holders of a
majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on
the Trustee, with respect to the Securities of such series, provided that 
 (1) such direction shall not be in
conflict with any rule of law or with this Indenture, 
  

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 (2) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction, and 
 (3) subject to the provisions of Section 601, the Trustee shall have the right
to decline to follow such direction if a Responsible Officer or Responsible Officers of the Trustee shall, in good faith, determine that the proceeding so directed would be unjustly prejudicial to the Holders not joining in any such direction or
would involve the Trustee in personal liability. 
 SECTION 513. Waiver of Past Defaults. 
 The Holders of not less than a majority in principal amount of the Outstanding Securities of any series affected thereby may on behalf of the Holders of
all the Securities of such series waive any past default hereunder with respect to such series and its consequences, except a default 
 (1) in the payment of the principal of or any premium or interest on any Security of such series, or 
 (2) in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected. 
 Upon any such waiver, such default shall cease to exist, and any Event of Default or Default arising therefrom shall be deemed to have been cured, for
every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 
 SECTION 514.
Undertaking for Costs. 
 All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be
deemed to have agreed, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, a court may require any party litigant in such suit to
file an undertaking to pay the costs of such suit, and may assess costs against any such party litigant, in the manner and to the extent provided in the Trust Indenture Act; provided that neither this Section nor the Trust Indenture Act shall
be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the Trustee, a suit by a Holder pursuant to Section 508 or a suit by the holders of more than 10% in aggregate principal
amount of Securities then outstanding. 
  

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 SECTION 515. Waiver of Usury, Stay or Extension Laws. 
 The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or
take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do
so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as
though no such law had been enacted. 
 ARTICLE SIX 
 THE TRUSTEE 
 SECTION 601. Certain Duties and Responsibilities. 
 (1) Except during the continuance of an Event of Default, 
 (A) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied
covenants or obligations shall be read into this Indenture against the Trustee; and 
 (B) in the absence of bad faith on its
part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the
case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of
this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 
 (2) In case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would
exercise or use under the circumstances in the conduct of his or her own affairs. 
 (3) No provision of this Indenture shall
be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that 
 (A) this Subsection shall not be construed to limit the effect of Subsection (1) of this Section; 
 (B) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be proved that
the Trustee was negligent in ascertaining the pertinent facts; 
  

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 (C) the Trustee shall not be liable with respect to any action taken or omitted to be
taken by it in good faith in accordance with the direction of the Holders pursuant to Section 512, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power
conferred upon the Trustee, under this Indenture with respect to the Securities of such series; and 
 (D) no provision of
this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable
grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
 (4) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of
this Section. 
 SECTION 602. Notice of Defaults. 
 Within 90 days after the occurrence of any default hereunder with respect to Securities of any series, the Trustee shall give the Holders of Securities of such series notice of such default hereunder known to a Responsible Officer of the
Trustee, unless such default shall have been cured or waived; and provided, further, that in the case of any default of the character specified in Section 501(b)(ii) and Section 501(b)(v) with respect to Securities of such series,
no such notice to Holders shall be given until at least 30 days or 60 days, respectively, after the occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or
both would become a Default. 
 SECTION 603. Certain Rights of Trustee. 
 Subject to the provisions of Section 601: 
 (1) the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or
parties; 
 (2) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request
or Company Order, and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
 (3)
whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically
prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate or an Opinion of Counsel, or both, which shall comply with Section 102; 
  

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 (4) the Trustee may consult with counsel and the written advice of such counsel or any
Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 
 (5) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or
direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance with such
request or direction; 
 (6) the Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further
inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or
by agent or attorney; and 
 (7) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder
either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 
 (8) the Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has
actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture; 
 (9) the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be
indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder; and 
 (10) the Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers
authorized at such time to take specified actions pursuant to this Indenture. 
 SECTION 604. Not Responsible for Recitals or Issuance of Securities.

 The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the
statements of the Company, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities. Neither
the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Securities or the proceeds thereof. 
  

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 SECTION 605. May Hold Securities. 
 The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any other
capacity, may become the owner or pledgee of Securities and, subject to Sections 608 and 613, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or
such other agent. 
 SECTION 606. Money Held in Trust. 
 Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder
except as otherwise agreed with the Company. 
 SECTION 607. Compensation and Reimbursement. 
 The Company agrees 
 (1) to pay to the Trustee from time to time reasonable compensation for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust);

 (2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement
or advance as may be attributable to its negligence or bad faith; and 
 (3) to indemnify the Trustee for, and to hold it
harmless against, any loss, liability or expense (including the reasonable compensation and the expenses and disbursements of its agents and counsel) incurred without negligence or bad faith on its part, arising out of or in connection with the
acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. 

This indemnification shall survive the termination of this Indenture. 
 To secure the Company’s payment obligations in this Section 607, the Trustee shall have a lien senior to the Securities as to all money or property held or collected by the Trustee for any amount owing it or
any predecessor Trustee pursuant to this Section 607, except such money or property held in trust for the benefit of holders of particular Securities. The obligations of the Company under this Section 607 shall survive the satisfaction and
discharge of this Indenture or the resignation or removal of the Trustee. 
 When the Trustee incurs expenses or renders services after an Event of Default
specified in Section 501(a) occurs, such expenses and compensation for services are intended to constitute expenses of administration under the Bankruptcy Reform Act of 1978 or any successor statute. 
  

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 SECTION 608. Conflicting Interests. 
 If the Trustee for the Securities of any series issued hereunder has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign,
to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by such Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a
trustee under this Indenture with respect to Securities of more than one series or a trustee under the Junior Subordinated Indenture, dated as of February 3, 1997, between the Company and The Bank of New York, as Trustee, and the Junior
Subordinated Indenture, dated as of February 13, 2004, between the Company and The Bank of New York, as Trustee. Nothing herein shall prevent the Trustee from filing with the Commission the application refered to in the penultimate paragraph of
Section 310(b) of the Trust Indenture Act. 
 SECTION 609. Corporate Trustee Required; Eligibility. 
 There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for
Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such and has (or in the case of a corporation included in a bank holding company system, the related holding
company has) a combined capital and surplus of at least $50,000,000 and is a corporation organized and existing under the laws of the United States of America or of any State or Territory thereof or the District of Columbia, authorized under such
laws to exercise corporate trust powers and subject to supervision or examination by Federal, State, Territorial or District of Columbia authority. If any such Person publishes reports of condition at least annually, pursuant to law or to the
requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign
immediately in the manner and with the effect hereinafter specified in this Article. 
 SECTION 610. Resignation and Removal; Appointment of
Successor. 
 No resignation or removal of the 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 Section 611. 
 The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 611 shall not have been
delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series.

  

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 The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders
of a majority in principal amount of the Outstanding Securities of such series, delivered to the Trustee and to the Company. 
 If at any
time: 
 (1) the Trustee shall fail to comply with Section 608 after written request therefor by the Company or by any
Holder who has been a bona fide Holder of a Security for at least six months, or 
 (2) the Trustee shall cease to be eligible
under Section 609 and shall fail to resign after written request therefor by the Company or by any such Holder, or 
 (3)
the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or
affairs for the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, (A) the Company by a Board Resolution may remove the
Trustee with respect to all Securities, or (B) subject to Section 514, any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 
 If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Securities of one or more series, the Company, by a Board Resolution, shall
promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and
that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall comply with the applicable requirements of Section 611. If, within one year after such resignation, removal or incapability, or
the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the
retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 611, become the successor Trustee with respect to the Securities of such
series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders and accepted appointment in the
manner required by Section 611, any Holder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to the Securities of such series. 
  

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 The Company shall give notice of each resignation and each removal of the Trustee with respect to the
Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided in Section 106. Each notice shall include the name of the
successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 
 SECTION 611. Acceptance of Appointment
by Successor. 
 In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee
so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor
Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment
of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall, upon payment of any fees and expenses due and owing to it hereunder, duly assign, transfer
and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 
 In case of the appointment hereunder
of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture
supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities,
shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not
retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any
trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each
such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such
successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall, upon payment of any fees and expenses due and owing to it hereunder with respect to such series, duly assign, transfer and deliver to
such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. 
  

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 Upon request of any such successor Trustee, the Company shall execute any and all instruments for more
fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in the first or second preceding paragraph, as the case may be. 
 No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this
Article. 
 SECTION 612. Merger, Conversion, Consolidation or Succession to Business. 
 Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, by sale or otherwise, shall be the successor of the Trustee hereunder, provided
such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but not
delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee
had itself authenticated such Securities. 
 SECTION 613. Preferential Collection of Claims Against Company. 
 If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities), the Trustee shall be subject to the
provisions of the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 
 SECTION 614. Appointment of
Authenticating Agent. 
 The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which
shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon original issue and upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 306, and Securities so
authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of
Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on
behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or
the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by 

  

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Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said
supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so
published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section.

 Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to all or substantially all of the corporate agency or corporate trust business of an Authenticating Agent, by
sale or otherwise, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the
Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company.
The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any
time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give notice of such appointment
in the manner provided in Section 106 to all Holders of Securities of the series with respect to which such Authenticating Agent will serve. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested
with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section.

 The Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section, and
the Trustee shall be entitled to be reimbursed for such payments, subject to the provisions of Section 607. 
 If an appointment with
respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following
form: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	THE BANK OF NEW YORK,
	As Trustee
		
	 By
	 	 ,

		 	As Authenticating Agent
		
	 By
	 	  

		 	Authorized Officer

  

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 ARTICLE SEVEN 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
 SECTION 701. Company to Furnish Trustee Names and Addresses of Holders. 
 The Company will furnish or cause to be furnished to the Trustee 
 (1) not more than 15 days after each Regular Record Date, a list, in such form as the Trustee may reasonably require, of the names and
addresses of the Holders of Securities of each series as of such Regular Record Date, and 
 (2) at such other times as the
Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; 
 excluding from any such list names and addresses received by the Trustee in its capacity as Security Registrar. 
 SECTION 702. Preservation of Information; Communications to Holders. 
 The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Trustee as provided in Section 701 and the
names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in Section 701 upon receipt of a new list so furnished. 
 The rights of Holders to communicate with other Holders with respect to their rights under this Indenture or under the Securities, and the corresponding
rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 
 Every Holder of Securities, by receiving and
holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any agent of either of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made
pursuant to the Trust Indenture Act. 
 SECTION 703. Reports by Trustee. 
 The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant
thereto. 
 Reports so required to be transmitted at stated intervals of not more than 23 months shall be transmitted within 60 days after
May 15 of each calendar year, commencing after the first issuance of Securities under this Indenture. 
  

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 A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee
with each stock exchange upon which any Securities are listed, with the Commission and with the Company. The Company will notify the Trustee in writing when any Securities are listed on any stock exchange. 
 SECTION 704. Reports by Company. 
 The Company shall
file with the Trustee and the Commission, and transmit to Holders, copies of such information, documents and other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act at the times and in the manner provided
pursuant to such Act; provided that any such information, documents or reports required to be filed with the Commission pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the
same is filed with the Commission. 
 ARTICLE EIGHT 
 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
 SECTION 801. Company May Consolidate, Etc., Only on Certain Terms. 
 The Company shall not consolidate
with or merge into any other Person or convey, transfer or lease its properties and assets substantially as an entirety to any Person, unless: 
 (1) the Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Company substantially as an
entirety shall be a corporation, partnership, limited liability company or trust, shall be organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia and shall expressly assume, by an
indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of and any premium and interest on all the Securities and the performance or observance of every
covenant of this Indenture on the part of the Company to be performed or observed; 
 (2) immediately after giving effect to
such transaction and treating any indebtedness which becomes an obligation of the Company or any Subsidiary as a result of such transaction as having been incurred by the Company or such Subsidiary at the time of such transaction, no Event of
Default, and no event which, after notice or lapse of time or both, would become an Event of Default, shall have happened and be continuing; 
 (3) if, as a result of any such consolidation or merger or such conveyance, transfer or lease, properties or assets of the Company would become subject to a mortgage, pledge, lien, security interest or other
encumbrance that would not be permitted by this Indenture, the Company or such successor Person shall take such steps as shall be necessary to secure the Securities equally and ratably with (or senior to) all indebtedness secured thereby; and

  

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 (4) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion
of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied
with; and the Trustee, subject to Section 601, may rely on such Officers’ Certificate and Opinion of Counsel as conclusive evidence that such transaction complies with this Section 801. 
 SECTION 802. Successor Substituted. 
 Upon any
consolidation of the Company with, or merger of the Company into, any other Person or any conveyance, transfer or lease of the properties and assets of the Company substantially as an entirety in accordance with Section 801, the successor
Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with
the same effect as if such successor Person had been named as the Company herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities.

 ARTICLE NINE 
 SUPPLEMENTAL INDENTURES 
 SECTION 901. Supplemental Indentures Without Consent of Holders. 
 Without the consent of any Holders, the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to time, may enter into
one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 
 (1) to
evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company herein and in the Securities; or 
 (2) to add to the covenants of the Company for the benefit of the Holders of all or any series of Securities (and if such covenants are to
be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company; or 
 (3) to add any additional Defaults or Events of Default for the benefit of the Holders of all or any series of Securities (and if such
additional Defaults or Events of Default are to be for the benefit of less than all series of Securities, stating that such additional Defaults or Events of Default are expressly being included solely for the benefit of such series); or 

 

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 (4) to add to or change any of the provisions of this Indenture to such extent as shall
be necessary to permit or facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or facilitate the issuance of Securities in uncertificated form; or

 (5) to add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of Securities,
provided that any such addition, change or elimination (A) shall neither (i) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor
(ii) modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there is no such Security Outstanding; or 
 (6) to secure the Securities; or 
 (7) to establish the form or terms of Securities of any series as permitted by Sections 201 and 301; or 
 (8) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as
shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 611; or 
 (9) to cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision
herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided that such action pursuant to this Clause (9) shall not adversely affect the interests of the Holders of Securities of any
series. 
 SECTION 902. Supplemental Indentures With Consent of Holders. 
 With the consent of the Holders of not less than 66 2/3% in principal amount of the Outstanding Securities of each series affected by such supplemental indenture, by Act of said Holders delivered to the Company
and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of this Indenture or of modifying in any manner the rights of the Holders of Securities of such series under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each
Outstanding Security affected thereby, 
 (1) change the Stated Maturity of the principal of, or any installment of
principal of or interest on, any Security, or reduce the principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security or any

  

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other Security which would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502, or change any Place of
Payment where, or the coin or currency in which, any Security or any premium or interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of
redemption, on or after the Redemption Date) or modify the provisions of this Indenture with respect to the subordination of the Securities in a manner adverse to Holders, or 
 (2) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for
any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or 

(3) modify any of the provisions of this Section, Section 513 or Section 1008, except to increase any such percentage or to
provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; provided, however, that this clause shall not be deemed to require the
consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section and Section 1008, or the deletion of this proviso, in accordance with the requirements of Sections 611 and
901(8). 
 A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely
for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture
of the Holders of Securities of any other series. 
 It shall not be necessary for any Act of Holders under this Section to approve the
particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
 SECTION 903.
Execution of Supplemental Indentures. 
 In executing, or accepting the additional trusts created by, any supplemental indenture
permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon, an Officers’ Certificate and
an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture and that all conditions herein provided for relating to such action have been complied with. The Trustee may, but shall not
be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 SECTION 904. Effect of Supplemental Indentures. 
 Upon the execution of any supplemental indenture under this Article, this
Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound
thereby. 
  

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 SECTION 905. Conformity with Trust Indenture Act. 
 Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 

SECTION 906. Reference in Securities to Supplemental Indentures. 
 Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in form approved by the
Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be
prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 
 SECTION 907.
Subordination Impaired. 
 (a) No provision in any supplemental indenture that affects the superior position of the holders of Senior
Indebtedness shall be effective against any holder of Senior Indebtedness, unless such holder shall have consented thereto. 
 (b)
Notwithstanding any provision in this Indenture or otherwise, the rights of creditors in respect of the Securities may, at any time and from time to time, be reduced or eliminated by a supplemental indenture entered into by the Company and the
Trustee, which supplemental indenture will not require the consent of the Holders of Securities or any creditor in respect of the Securities. 
 ARTICLE TEN 
 COVENANTS 
 SECTION 1001. Payment of Principal, Premium and Interest. 
 The Company covenants and agrees for the benefit of each series
of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture. 
 SECTION 1002. Maintenance of Office or Agency. 
 The
Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of
transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. The Company initially appoints 

  

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the Trustee, acting through its Corporate Trust Office, as its agent for said purposes. The Company will give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders,
notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 
 The Company may also from time to time designate one or more other offices or agencies where the Securities of one or more series may be presented or
surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency
in each Place of Payment for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency.

 SECTION 1003. Money for Securities Payments to Be Held in Trust. 
 If the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it will, on or before each due date of the principal of or any premium or interest on any of the Securities of
that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium and interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as
herein provided and will promptly notify the Trustee in writing of its action or failure so to act. 
 Whenever the Company shall have one or
more Paying Agents for any series of Securities, it will, prior to each due date of the principal of or any premium or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held as
provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee in writing of its action or failure so to act. 
 The Company will cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which
such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will (1) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent; (2) during the continuance
of any default by the Company (or any other obligor upon the Securities of that series) in the making of any payment in respect of the Securities of that series, upon the written request of the Trustee, forthwith pay to the Trustee all sums held in
trust by such Paying Agent for payment in respect of the Securities of that series; (3) hold all sums held by it for the payment of the principal of (and premium, if any) or interest on the Securities of a series in trust for the benefit of the
Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; and (4) give the Trustee notice of any default by the Company (or any other obligor upon such Securities) in the making of any
payment of principal (and premium, if any) or interest in respect of any Security of any series. 
  

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 The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this
Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such
sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 
 Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of or any premium or
interest on any Security of any series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged
from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all
liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in a
newspaper published in the English language, customarily published on each Business Day and of general circulation in the Borough of Manhattan, the City of New York, notice that such money remains unclaimed and that, after a date specified therein,
which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
 SECTION 1004. Statement by Officers as to Default. 
 The Company will deliver to the Trustee, within 120 days after the end
of each fiscal year of the Company ending after the date hereof, an Officers’ Certificate covering the preceding calendar year, stating whether or not to the best knowledge of the signers thereof the Company is in default in the performance or
observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if the Company shall be in default, specifying all such defaults and the nature and
status thereof of which they may have knowledge. 
 The Company shall deliver to the Trustee, as soon as possible and in any event within 30
days after the Company becomes aware of the occurrence of any Default or Event of Default or an event which, with notice or the lapse of time or both, would constitute a Default or an Event of Default, an Officers’ Certificate setting forth the
details of such Default or Event of Default and the action which the Company proposes to take with respect thereto. 
 SECTION 1005. Company Statement as
to Compliance. 
 The Company will deliver to the Trustee, within 120 days after the end of each fiscal year, a written statement, which
need not comply with Section 102, signed by the Chairman of the Board, the Senior Chairman of the Board, the President, Chief Financial Officer or a Vice President, and by the Treasurer or an Assistant Treasurer of the Company, stating, as to
each signer thereof, that 
 (1) a review of the activities of the Company during such year and of performance under this
Indenture has been made under his supervision, and 
 (2) to the best of his knowledge, based on such review, (a) the
Company has fulfilled all its obligations under this Indenture throughout such year, or, if there has 

  

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been a default in the fulfillment of any such obligation, specifying each such default known to him and the nature and status thereof, and (b) no event
has occurred and is continuing which is, or after notice or lapse of time or both would become, an Event of Default under Section 501, or a Default under Section 501 or, if such event has occurred and is continuing, specifying such event
known to him and the nature and status thereof. 
 SECTION 1006. Maintenance of Properties. 
 The Company will cause all properties used or useful in the conduct of its business or the business of any Subsidiary to be maintained and kept in good
condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company may be necessary so
that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent the Company from discontinuing the operation or maintenance of any of such
properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its business or the business of any Subsidiary and not disadvantageous in any material respect to the Holders. 
 SECTION 1007. Payment of Taxes and Other Claims. 
 The
Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (1) all taxes, assessments and governmental charges levied or imposed upon the Company or any Subsidiary or upon the income, profits or
property of the Company or any Subsidiary, and (2) all lawful claims for labor, materials and supplies which, if unpaid, might by law become a lien upon the property of the Company or any Subsidiary; provided, however, that the Company shall not be
required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings. 
 SECTION 1008. Waiver of Certain Covenants. 
 Except as otherwise specified as contemplated by Section 301 for Securities of such series, the Company may, with respect to the Securities of any series, omit in any particular instance to comply with any term,
provision or condition set forth in any covenant provided pursuant to Section 301(18), 901(2) or 901(7) for the benefit of the Holders of such series or in Section 1005, if before the time for such compliance the Holders of at least
66 2/3% in principal amount of the Outstanding Securities of such series shall, by Act of such Holders, either
waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such
waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 
 SECTION 1009. Calculation of Original Issue Discount. 
 For each year during which any Securities that were issued with original issue discount are Outstanding, the Company shall furnish to each Paying Agent in a timely fashion such information as may be reasonably requested by each Paying Agent
in order that each Paying Agent may prepare the information which it is required to report for such year on Internal Revenue Service Forms 1096 and 1099 pursuant to Section 6049 of the Internal Revenue Code of 1986, as amended. Such information
shall include the amount of original issue discount includible in income for each $1,000 of principal amount at Stated Maturity of outstanding Securities during such year. 
 ARTICLE ELEVEN 
 REDEMPTION OF SECURITIES 
 SECTION 1101. Applicability of Article. 
 Securities
of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by Section 301 for such Securities) in accordance with such form of Security
and this Article; provided, however, that if any provision of any such form of Security shall conflict with any provision of this Article, the provision of such form of Security shall govern. Except as otherwise set forth in the form of
Security for such series, such Security of a series shall be subject to partial redemption only in the amount of $1,000 or any integral multiples thereof. 
  

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 SECTION 1102. Election to Redeem; Notice to Trustee. 
 The election of the Company to redeem any Securities shall be evidenced by a Board Resolution or in another manner specified as contemplated by
Section 301 for such Securities. In case of any redemption at the election of the Company of less than all the Securities of any series (including any such redemption affecting only a single Security), the Company shall, at least 60 days
prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee in writing of such Redemption Date, of the principal amount of Securities of such series to be redeemed and, if
applicable, of the tenor of the Securities to be redeemed and provide the additional information required to be included in the notice or notices contemplated by Section 1104. In the case of any redemption of Securities prior to the expiration
of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction. 
 SECTION 1103. Selection by Trustee of Securities to Be Redeemed. 
 If less than all the Securities of any series are to be redeemed (unless all the Securities of such series and of a specified tenor are to be redeemed), the particular Securities to be redeemed shall be selected not
more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection
for redemption of a portion of the principal amount of any Security of such series, provided that the unredeemed portion of the principal amount of any Security shall be in an authorized denomination (which shall not be less than the minimum
authorized denomination) for such Security. If less than all the Securities of such series and of a specified tenor are to be redeemed (unless such redemption affects only a single Security), the particular Securities to be redeemed shall be
selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series and specified tenor not previously called for redemption in accordance with the preceding sentence. 
 The Trustee shall promptly notify the Company in writing of the Securities selected for redemption as aforesaid and, in case of any Securities selected
for partial redemption as aforesaid, the principal amount thereof to be redeemed. 
 For all purposes of this Indenture, unless the context
otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be
redeemed. 
  

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 SECTION 1104. Notice of Redemption. 
 Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at his address
appearing in the Security Register. 
 All notices of redemption shall state: 
 (1) the Redemption Date, 
 (2) the Redemption Price, 
 (3) if less than all the Outstanding Securities of any series
consisting of more than a single Security are to be redeemed, the identification (and, in the case of partial redemption of any such Securities, the principal amounts) of the particular Securities to be redeemed and, if less than all the Outstanding
Securities of any series consisting of a single Security are to be redeemed, the principal amount of the particular Security to be redeemed, 
 (4) that on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date,

 (5) the place or places where each such Security is to be surrendered for payment of the Redemption Price, 
 (6) that the redemption is for a sinking fund, if such is the case, 
 (7) CUSIP numbers, if any, and 
 (8) such other provisions as may be required in respect of the terms of a particular series of Securities. 
 Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company and shall be irrevocable.

 SECTION 1105. Deposit of Redemption Price. 
 Prior to 10:00 a.m., New York City time, on the Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in
Section 1003) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Securities which are to be redeemed on that date. 
  

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 SECTION 1106. Securities Payable on Redemption Date. 
 Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for
redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that, unless otherwise specified as contemplated by
Section 301, installments of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the
relevant Record Dates according to their terms and the provisions of Section 307. 
 If any Security called for redemption shall not be
so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 
 SECTION 1107. Securities Redeemed in Part. 
 Any Security which is to be redeemed only in part shall
be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his
attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series and of like tenor, of any
authorized denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 
 ARTICLE TWELVE 
 SINKING FUNDS 
 SECTION 1201. Applicability of Article. 
 The
provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of any series except as otherwise specified as contemplated by Section 301 for such Securities. 
 The minimum amount of any sinking fund payment provided for by the terms of any Securities is herein referred to as a “mandatory sinking fund
payment”, and any payment in excess of such minimum amount provided for by the terms of such Securities is herein referred to as an “optional sinking fund payment”. If provided for by the terms of any Securities, the cash amount of
any sinking fund payment may be subject to reduction as provided in Section 1202. Each sinking fund payment shall be applied to the redemption of Securities as provided for by the terms of such Securities. 
  

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 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities. 
 The Company (1) may deliver Outstanding Securities of a series (other than any previously called for redemption) and (2) may apply as a credit
Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each
case in satisfaction of all or any part of any sinking fund payment with respect to any Securities of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such Securities;
provided that the Securities to be so credited have not been previously so credited. The Securities to be so credited shall be received and credited for such purpose by the Trustee at the Redemption Price, as specified in the Securities so to
be redeemed, for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 
 SECTION 1203.
Redemption of Securities for Sinking Fund. 
 Not less than 45 days prior to each sinking fund payment date for any series of
Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for such Securities pursuant to the terms of such Securities, the portion thereof, if any, which is to
be satisfied by payment of cash in the currency in which the Securities of such series are payable (except as provided pursuant to Section 301) and the portion thereof, if any, that is to be satisfied by delivering and crediting Securities
pursuant to Section 1202 and will also deliver to the Trustee any Securities to be so delivered. Such Officers’ Certificate shall be irrevocable and upon its delivery the Company shall be obligated to make the cash payment or payments
therein referred to, if any, on or before the succeeding sinking fund payment date. In the case of the failure of the Company to deliver such Officers’ Certificate (or, as required by this Indenture, the Securities and coupons, if any,
specified in such Officers’ Certificate) by the due date therefor, the sinking fund payment due on the succeeding sinking fund payment date for such series shall be paid entirely in cash and shall be sufficient to redeem the principal amount of
the Securities of such series subject to a mandatory sinking fund payment without the right to deliver or credit securities as provided in Section 1202 and without the right to make the optional sinking fund payment with respect to such series
at such time. 
 Any sinking fund payment or payments (mandatory or optional) made in cash plus any unused balance of any preceding sinking
fund payments made with respect to the Securities of any particular series shall be applied by the Trustee (or by the Company if the Company is acting as its own Paying Agent) on the sinking fund payment date on which such payment is made (or, if
such payment is made before a sinking fund payment date, on the sinking fund payment date immediately following the date of such payment) to the redemption of Securities of such series at the Redemption Price specified in such Securities with
respect to the sinking fund. Any sinking fund moneys not so applied or allocated by the Trustee (or, if the Company is acting as its own Paying Agent, segregated and held in trust by the Company as provided in Section 1003) for such series and
together with such payment (or such amount so segregated) shall be applied in accordance with the provisions of this Section 1203. Any and all sinking fund moneys with respect to the Securities of any particular series held by the Trustee (or
if the 

  

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Company is acting as its own Paying Agent, segregated and held in trust as provided in Section 1003) on the last sinking fund payment date with respect
to Securities of such series and not held for the payment or redemption of particular Securities of such series shall be applied by the Trustee (or by the Company if the Company is acting as its own Paying Agent), together with other moneys, if
necessary, to be deposited (or segregated) sufficient for the purpose, to the payment of the principal of the Securities of such series at Maturity. The Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the
manner specified in Section 1103 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1104. Such notice having been duly given, the redemption of such
Securities shall be made upon the terms and in the manner stated in Section 1106. On or before each sinking fund payment date, the Company shall pay to the Trustee (or, if the Company is acting as its own Paying Agent, the Company shall
segregate and hold in trust as provided in Section 1003) in cash a sum in the currency in which Securities of such series are payable (except as provided pursuant to Section 301) equal to the principal (and premium, if any) and any
interest (including any Additional Interest) accrued to the Redemption Date for Securities or portions thereof to be redeemed on such sinking fund payment date pursuant to this Section 1203. 
 Neither the Trustee nor the Company shall redeem any Securities of a series with sinking fund moneys or mail any notice of redemption of Securities of
such series by operation of the sinking fund for such series during the continuance of a default in payment of interest, if any, on any Securities of such series or of any Event of Default with respect to the Securities of such series, except that
if the notice of redemption shall have been provided in accordance with the provisions hereof, the Trustee (or the Company, if the Company is then acting as its own Paying Agent) shall redeem such Securities if cash sufficient for that purpose shall
be deposited with the Trustee (or segregated by the Company) for that purpose in accordance with the terms of this Article Twelve. Except as aforesaid, any moneys in the sinking fund for such series at the time when any such default or Event of
Default shall occur and any moneys thereafter paid into such sinking fund shall, during the continuance of such default or Event of Default, be held as security for the payment of the Securities and coupons, if any, of such series; provided however,
that in case such default or Event of Default shall have been cured or waived herein, such moneys shall thereafter be applied on the next sinking fund payment date for the Securities of such series on which such moneys may be applied pursuant to the
provisions of this Section 1203. 
 ARTICLE THIRTEEN 
 DEFEASANCE AND COVENANT DEFEASANCE 
 SECTION 1301.
Company’s Option to Effect Defeasance or Covenant Defeasance. 
 The Company may elect, at its option at any time, to have
Section 1302 or Section 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1302 or 1303, in accordance with any
applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by
Section 301 for such Securities. 
  

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 SECTION 1302. Defeasance and Discharge. 
 Upon the Company’s exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the case may be,
the Company shall be deemed to have been discharged from its obligations, and the provisions of Article Fourteen shall cease to be effective, with respect to such Securities as provided in this Section on and after the date the conditions set forth
in Section 1304 are satisfied (hereinafter called “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Securities and to have
satisfied all its other obligations under such Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), subject to the following
which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of such Securities to receive, solely from the trust fund described in Section 1304 and as more fully set forth in such Section, payments in
respect of the principal of and any premium and interest on such Securities when payments are due, (2) the Company’s obligations with respect to such Securities under Sections 304, 305, 306, 1002 and 1003, (3) the rights, powers,
trusts, duties and immunities of the Trustee hereunder and (4) this Article. Subject to compliance with this Article, the Company may exercise its option (if any) to have this Section applied to any Securities or any series of Securities
notwithstanding the prior exercise of its option (if any) to have Section 1303 applied to such Securities. 
 SECTION 1303. Covenant Defeasance.

 Upon the Company’s exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the
case may be, (1) the Company shall be released from its obligations under Section 1008, and any covenants provided pursuant to Section 301(18), 901(2) or 901(7) for the benefit of the Holders of such Securities, (2) the
occurrence of any event specified in Sections 501(b)(v) (with respect to Section 1008 and any such covenants provided pursuant to Section 301(18), 901(2) or 901(7)) and 501(b)(vi) shall be deemed not to be or result in a Default and
(3) the provisions of Article Fourteen shall cease to be effective, in each case with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter called
“Covenant Defeasance”). For this purpose, such Covenant Defeasance means that, with respect to such Securities, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in
any such specified Section (to the extent so specified in the case of Section 501(b)(v)) or Article Fourteen, whether directly or indirectly by reason of any reference elsewhere herein to any such Section or by reason of any reference in any
such Section to any other provision herein or in any other document, but the remainder of this Indenture and such Securities shall be unaffected thereby. 
  

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 SECTION 1304. Conditions to Defeasance or Covenant Defeasance. 
 The following shall be the conditions to the application of Section 1302 or Section 1303 to any Securities or any series of Securities, as the
case may be: 
 (1) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another
trustee which satisfies the requirements contemplated by Section 609 and agrees to comply with the provisions of this Article applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as
security for, and dedicated solely to, the benefits of the Holders of such Securities, (A) money in an amount, or (B) U.S. Government Obligations which through the scheduled payment of principal and interest in respect thereof in
accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or (C) a combination thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or any such other qualifying trustee) to pay and discharge, the principal of and any premium and
interest on such Securities on the respective Stated Maturities, in accordance with the terms of this Indenture and such Securities. As used herein, “U.S. Government Obligation” means (x) any security which is (i) a direct
obligation of the United States of America for the payment of which the full faith and credit of the United States of America is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of
the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer
thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any U.S. Government Obligation which is specified in Clause (x) above and held by such bank
for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any U.S. Government Obligation which is so specified and held, provided that (except as required by law) such
custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal or
interest evidenced by such depositary receipt. 
 (2) In the event of an election to have Section 1302 apply to any
Securities or any series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there has been published by, the Internal Revenue Service a
ruling or (B) since the date of this instrument, there has been a change in the applicable Federal income tax law, in either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of such
Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same
manner and at the same times as would be the case if such deposit, Defeasance and discharge were not to occur. 
  

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 (3) In the event of an election to have Section 1303 apply to any Securities or any
series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the
deposit and Covenant Defeasance to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were
not to occur. 
 (4) The Company shall have delivered to the Trustee an Officers’ Certificate to the effect that neither
such Securities nor any other Securities of the same series, if then listed on any securities exchange, will be delisted as a result of such deposit. 
 (5) No event which is, or after notice or lapse of time or both would become, a Default with respect
to such Securities or any other Securities shall have occurred and be continuing at the time of such deposit or, with regard to any such event specified in Sections 501(a)(1), (a)(2) and (a)(3), at any time during the period ending on the
90th day after the date of such deposit or, if longer, ending on the day following the expiration of the longest preference period applicable to the Company in respect of such deposit (it being understood that the condition in
this clause is a condition subsequent and shall not be deemed satisfied until the expiration of such period). 
 (6) Such
Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting interest within the meaning of the Trust Indenture Act (assuming all Securities are in default within the meaning of such Act). 
 (7) Such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any other
agreement or instrument to which the Company is a party or by which it is bound. 
 (8) Such Defeasance or Covenant Defeasance
shall not result in the trust arising from such deposit constituting an investment company within the meaning of the Investment Company Act unless such trust shall be registered under such Act or exempt from registration thereunder. 
 (9) No event or condition shall exist that, pursuant to the provisions of Article Fourteen, would
prevent the Company from making payments of the principal of (and any premium) or interest on the Securities of such series on the date of such deposit or at any time during the period ending on the 90th day after the date of
such deposit or, if longer, ending on the day following the expiration of the longest preference period applicable to the Company in respect of such deposit (it being understood that the condition in this clause is a condition subsequent and shall
not be deemed satisfied until the expiration of such period). 
 (10) The Company shall have delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with. 
  

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 SECTION 1305. Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions.

 Subject to the provisions of the last paragraph of Section 1003, all money and U.S. Government Obligations (including the proceeds
thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and Section 1306, the Trustee and any such other trustee are referred to collectively as the “Trustee”) pursuant to Section 1304
in respect of any Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any such Paying Agent (including the Company acting
as its own Paying Agent) as the Trustee may determine, to the Holders of such Securities, of all sums due and to become due thereon in respect of principal and any premium and interest, but money so held in trust need not be segregated from other
funds except to the extent required by law. Money and U.S. Government Obligations so held in trust shall not be subject to the provisions of Article Fourteen, provided that the applicable conditions of Section 1304 have been satisfied.

 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government
Obligations deposited pursuant to Section 1304 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of Outstanding Securities. 
 Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any
money or U.S. Government Obligations held by it as provided in Section 1304 with respect to any Securities which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant Defeasance, as the case may be, with respect to such Securities. 
 SECTION 1306. Reinstatement. 
 If the Trustee or the
Paying Agent is unable to apply any money in accordance with this Article with respect to any Securities by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then
the obligations under this Indenture and such Securities from which the Company has been discharged or released pursuant to Section 1302 or 1303 shall be revived and reinstated as though no deposit had occurred pursuant to this Article with
respect to such Securities, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to Section 1305 with respect to such Securities in accordance with this Article; provided, however, that if
the Company makes any payment of principal of or any premium or interest on any such Security following such reinstatement of its obligations, the Company shall be subrogated to the rights (if any) of the Holders of such Securities to receive such
payment from the money so held in trust. 
  

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 ARTICLE FOURTEEN 
 SUBORDINATION OF SECURITIES 
 SECTION 1401. Securities Subordinate to Senior
Indebtedness. 
 The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and
agrees, that, to the extent and in the manner hereinafter set forth in this Article, the indebtedness represented by the Securities and the payment of the principal of (and premium, if any) and interest on each and all of the Securities are hereby
expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness. 
 Notwithstanding the foregoing, if a deposit referred to in Section 1304(1) is made pursuant to Section 1302 or Section 1303 with respect to any Securities (and provided all other conditions set out in
Section 1302 or 1303, as applicable, shall have been satisfied with respect to such Securities), then, following the 90th day after such deposit, or any longer preference period if applicable, no money or U.S.
Government Obligations so deposited, and no proceeds thereon, will be subject to any rights of holders of Senior Indebtedness, including any such rights arising under this Article Fourteen. 
 SECTION 1402. Payment Over of Proceeds Upon Dissolution, Etc. 
 In the event of (a) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding in connection therewith, relative to the Company or to its creditors, as such, or
to its assets, or (b) any liquidation, dissolution or other winding up of the Company, whether voluntary or involuntary and whether or not involving insolvency or bankruptcy, or (c) any assignment for the benefit of creditors or any other
marshaling of assets and liabilities of the Company, then and in any such event the holders of Senior Indebtedness shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Indebtedness, or
provision shall be made for such payment, before the Holders of the Securities are entitled to receive any payment on account of principal of or interest on the Securities, and to that end the holders of Senior Indebtedness shall be entitled to
receive, for application to the payment thereof, any payment or distribution of any kind or character, whether in cash, property or securities, which may be payable or deliverable in respect of the Securities in any such case, proceeding,
dissolution, liquidation or other winding up or event. 
 Upon the occurrence of any of the events described in clauses (a), (b) or
(c) of the immediately preceding paragraph, in the event that notwithstanding the foregoing provisions of this Section the Trustee or the Holder of any Security shall have received any payment or distribution of assets of the Company of any
kind or character, whether in cash, property or securities, before all Senior Indebtedness is paid in full or payment thereof provided for, and if such fact shall, at or prior to the time of such payment or distribution, have been made known to the
Trustee or, as the case may be, such Holder, then and in such event such payment or distribution shall be paid over or delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or other Person making
payment or distribution of assets of the Company for 

  

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application to the payment of all Senior Indebtedness remaining unpaid, to the extent necessary to pay all Senior Indebtedness in full, after giving effect
to any concurrent payment or distribution to or for the holders of Senior Indebtedness. 
 The consolidation of the Company with, or the
merger of the Company into, another Person or the liquidation or dissolution of the Company following the conveyance or transfer of its properties and assets substantially as an entirety to another Person upon the terms and conditions set forth in
Article Eight shall not be deemed a dissolution, winding up, liquidation, reorganization, assignment for the benefit of creditors or marshaling of assets and liabilities of the Company for the purposes of this Section if the Person formed by such
consolidation or into which the Company is merged or which acquires by conveyance or transfer such properties and assets substantially as an entirety, as the case may be, shall, as a part of such consolidation, merger, conveyance or transfer, comply
with the respective conditions set forth in Article Eight. 
 SECTION 1403. Prior Payment to Senior Indebtedness Upon Acceleration of Securities.

 In the event that any Securities are declared due and payable before their Stated Maturity, then and in such event the holders of Senior
Indebtedness shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Indebtedness or provision shall be made for such payment in cash, before the Holders of the Securities are entitled to
receive any payment (including any payment which may be payable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the Securities) by the Company on account of the principal of (or premium, if any)
or interest on the Securities or on account of the purchase or other acquisition of Securities; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in accordance with Article Twelve
by delivering and crediting pursuant to Section 1202 Securities which have been acquired (upon redemption or otherwise) prior to such declaration of acceleration. 
 In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Security prohibited by the foregoing provisions of this Section, and if such fact shall, at or
prior to the time of such payment, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such payment shall be paid over and delivered forthwith to the Company. 
 The provisions of this Section shall not apply to any payment with respect to which Section 1402 would be applicable. 
 SECTION 1404. No Payment When Senior Indebtedness in Default. 
 In the event and during the continuation of any default in the payment of principal of (or premium, if any) or interest on any Senior Indebtedness beyond any applicable grace period with respect thereto, or, in the event any judicial
proceeding shall be pending with respect to any such default, then no payment shall be made by the Company on account of principal of or interest on the Securities or on account of the purchase or other acquisition of Securities. 
  

 -68- 

 In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or
the Holder of any Security prohibited by the foregoing provisions of this Section, and if such fact shall, at or prior to the time of such payment, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such
payment shall be paid over and delivered forthwith to the Company. 
 The provisions of this Section shall not apply to any payment with
respect to which Section 1402 would be applicable. 
 SECTION 1405. Payment Permitted If No Default. 
 Nothing contained in this Article or elsewhere in this Indenture or in any of the Securities of any series shall prevent (a) the Company, at any time
except during the pendency of any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company referred to in Section 1402 or under the
conditions described in Section 1403 or 1404, from making payments at any time of principal of or interest on the Securities, or (b) the application by the Trustee of any money deposited with it hereunder to the payment of or on account of
the principal of (and premium, if any) or interest on the Securities of any series or the retention of such payment by the Holders, if, at the time of such application by the Trustee, it did not have knowledge that such payment would have been
prohibited by the provisions of this Article. 
 SECTION 1406. Subrogation to Rights of Holders of Senior Indebtedness. 
 Subject to the payment in full of all Senior Indebtedness, the Holders of the Securities shall be subrogated (equally and ratably with the holders of all
indebtedness of the Company which by its express terms is subordinated to indebtedness of the Company to substantially the same extent as the Securities are subordinated and is entitled to like rights of subrogation) to the rights of the holders of
such Senior Indebtedness to receive payments and distributions of cash, property and securities applicable to the Senior Indebtedness until the principal of (and premium, if any) and interest on the Securities shall be paid in full. For purposes of
such subrogation, no payments or distributions to the holders of the Senior Indebtedness of any cash, property or securities to which the Holders of the Securities or the Trustee would be entitled except for the provisions of this Article, and no
payments over pursuant to the provisions of this Article to the holders of Senior Indebtedness by Holders of the Securities or the Trustee, shall, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the
Securities, be deemed to be a payment or distribution by the Company to or on account of the Senior Indebtedness. 
 SECTION 1407. Provisions Solely to
Define Relative Rights. 
 The provisions of this Article are and are intended solely for the purpose of defining the relative rights of
the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Securities is intended to or shall (a) impair, as among the
Company, its creditors other than holders of Senior Indebtedness and the Holders of 

  

 -69- 

 
the Securities, the obligation of the Company, which is absolute and unconditional and which, subject to the rights under this Article of the holders of
Senior Indebtedness, is intended to rank equally with all other obligations of the Company, to pay to the Holders of the Securities the principal of and interest on the Securities as and when the same shall become due and payable in accordance with
their terms; or (b) affect the relative rights against the Company of the Holders of the Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Security from
exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or
deliverable to the Trustee or such Holder. 
 SECTION 1408. Trustee to Effectuate Subordination. 
 Each Holder of a Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or
appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all such purposes. 
 SECTION
1409. No Waiver of Subordination Provisions. 
 No right of any present or future holder of any Senior Indebtedness to enforce
subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any non-compliance by the
Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have or be otherwise charged with. 
 Without in any way limiting the generality of the foregoing paragraph, the holders of Senior Indebtedness may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders of the
Securities, without incurring responsibility to the Holders of the Securities and without impairing or releasing the subordination provided in this Article or the obligations hereunder of the Holders of the Securities to the holders of Senior
Indebtedness, do any one or more of the following: (i) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, Senior Indebtedness, or otherwise amend or supplement in any manner Senior Indebtedness or
any instrument evidencing the same or any agreement under which Senior Indebtedness is outstanding; (ii) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness;
(iii) release any Person liable in any manner for the collection of Senior Indebtedness; and (iv) exercise or refrain from exercising any rights against the Company and any other Person. 
 SECTION 1410. Notice to Trustee. 
 The Company shall
give prompt written notice to the Trustee of any fact known to the Company which would prohibit the making of any payment to or by the Trustee in respect of the Securities. Notwithstanding the provisions of this Article or any other 

  

 -70- 

 
provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the making of any payment to
or by the Trustee in respect of the Securities, unless and until the Trustee shall have received written notice thereof from the Company or a holder of Senior Indebtedness or from any trustee therefor; and, prior to the receipt of any such written
notice, the Trustee, subject to the provisions of Section 601, shall be entitled in all respects to assume that no such facts exist; provided, however, that if the Trustee shall not have received the notice provided for in this Section
at least five Business Days prior to the date upon which by the terms hereof any money may become payable for any purpose, then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive
such money and to apply the same to the purpose for which such money was received and shall not be affected by any notice to the contrary which may be received by it within five Business Days prior to such date. 
 Subject to the provisions of Section 601, the Trustee shall be entitled to rely on the delivery to it of a written notice by a Person representing
himself to be a holder of Senior Indebtedness or a trustee therefor to establish that such notice has been given by a holder of Senior Indebtedness or a trustee therefor. In the event that the Trustee determines in good faith that further evidence
is required with respect to the right of any Person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to this Article, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of
the Trustee as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article, and if
such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. 
 SECTION 1411. Reliance on Judicial Order or Certificate of Liquidating Agent. 
 Upon any payment or
distribution of assets of the Company referred to in this Article, the Trustee, subject to the provisions of Section 601, and the Holders of the Securities shall be entitled to rely upon any order or decree entered by any court of competent
jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, receiver, liquidating trustee, custodian,
assignee for the benefit of creditors, agent or other Person making such payment or distribution, delivered to the Trustee or to the Holders of Securities, for the purpose of ascertaining the Persons entitled to participate in such payment or
distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article.

 SECTION 1412. Trustee Not Fiduciary for Holders of Senior Indebtedness. 
 The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and shall not be liable to any such holders if it shall in
good faith mistakenly pay over or distribute to Holders of Securities or to the Company or to any other Person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article or otherwise. With
respect to the holders of 

  

 -71- 

 
Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants or obligations as are specifically set forth in this Article
and no implied covenants or obligations with respect to holders of Senior Indebtedness shall be read into this Indenture against the Trustee. 
 SECTION
1413. Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee’s Rights. 
 The Trustee or any Authenticating
Agent in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness, and nothing in
this Indenture shall deprive the Trustee of any of its rights as such holder. 
 SECTION 1414. Article Applicable to Paying Agents. 
 In case at any time any Paying Agent other than the Trustee shall have been appointed by the Company and be then acting hereunder, the term
“Trustee” as used in this Article shall in such case (unless the context otherwise requires) be construed as extending to and including such Paying Agent within its meaning as fully for all intents and purposes as if such Paying Agent were
named in this Article in addition to or in place of the Trustee; provided, however, that Section 1413 shall not apply to the Company or any Affiliate of the Company if it or such Affiliate acts as Paying Agent. 
 SECTION 1415. Payment of Proceeds in Certain Cases. 
 Upon the occurrence of any of the events specified in clauses (a), (b) and (c) of the first paragraph of Section 1402, the provisions of that Section shall be given effect to determine the amount of cash, property or
securities which may be payable or deliverable as between the holders of Senior Indebtedness, on the one hand, and the Holders of Securities, on the other hand. 
 SECTION 1416. All Indenture Provisions Subject to Article Fourteen. 
 Notwithstanding anything herein contained to the
contrary, all the provisions of this Indenture shall be subject to the provisions of this due and owing Article Fourteen, so far as the same may be applicable thereto. The provisions of this Article Fourteen shall not apply to amounts to the Trustee
under Section 607. 
  

 -72- 

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

			
	 CULLEN/FROST BANKERS, INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 THE BANK OF NEW YORK

		
	 By:
	 	  

		 	Authorized Officer

  

 -73-Form of Amended and Restated Declaration of Trust of BAC Capital Trust XIII

 Exhibit 4.1 
 [Form of Amended and Restated Declaration of Trust] 
 among 
 Bank of America Corporation, 
 as Sponsor,

 The Bank of New York, 
 as
Property Trustee, 
 The Bank of New York (Delaware), 
 as Delaware Trustee, 
 the Regular Trustees (as named herein), 
 and the several Holders of the Trust Securities 
 Dated as of ·, 2007 
 of

 BAC Capital Trust XIII 

 Bank of America Corporation 
 Certain Sections of this Declaration relating to Section 310 through 318, inclusive, of the 
 Trust
Indenture Act of 1939: 
  

			
	 Trust Indenture Act Section
	  	 Declaration Section

	 § 310(a)(1)
	  	8.7
	 (a)(2)
	  	8.7
	 (a)(3)
	  	8.9
	 (a)(4)
	  	2.7(a)(ii)
	 (b)
	  	8.8
	 (c)
	  	Not applicable
	 § 311(a)
	  	8.13
	 (b)
	  	8.13
	 § 312(a)
	  	5.7
	 (b)
	  	5.7
	 (c)
	  	5.7
	 § 313(a)
	  	8.15(a), 8.15(b)
	 (b)
	  	8.15(b)
	 (c)
	  	12.8
	 (d)
	  	8.15(c)
	 § 314(a)
	  	8.16
	 (b)
	  	Not applicable
	 (c)(1)
	  	8.17
	 (c)(2)
	  	8.17
	 (c)(3)
	  	Not applicable
	 (d)
	  	Not applicable
	 (e)
	  	1.1, 8.17
	 § 315(a)
	  	8.1(a), 8.3(a)
	 (b)
	  	8.2, 12.8
	 (c)
	  	8.1(d)
	 (d)
	  	8.1(e), 8.3
	 (e)
	  	Not applicable
	 § 316(a)
	  	Not applicable
	 (a)(1)(A)
	  	Not applicable
	 (a)(1)(B)
	  	5.16(e)
	 (a)(2)
	  	Not applicable
	 (b)
	  	5.16
	 (c)
	  	6.8
	 § 317(a)(1)
	  	Not applicable
	 (a)(2)
	  	8.14
	 (b)
	  	5.9
	 § 318(a)
	  	12.10
	 (b)
	  	12.10

 Note: This reconciliation and tie shall not, for any purpose be deemed to be part of the Declaration. 

 

 - i - 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 Table of Contents 
  

					
	 	  	 	  	Page
	 	  	 ARTICLE I
 Defined Terms
	  	 
			
	 Section 1.1
	  	Definitions	  	2
			
		  	 ARTICLE II
 Continuation of the Trust; Issuance of HITS; and Related Matters
	  	
			
	 Section 2.1
	  	Name	  	17
	 Section 2.2
	  	Office of the Delaware Trustee; Principal Place of Business	  	18
	 Section 2.3
	  	Initial Contribution of Trust Property; Organizational Expenses	  	18
	 Section 2.4
	  	Issuance of the HITS	  	18
	 Section 2.5
	  	Issuance of the Common Securities; Subscription and Purchase of Notes	  	19
	 Section 2.6
	  	Declaration	  	19
	 Section 2.7
	  	Authorization to Enter into Certain Transactions	  	19
	 Section 2.8
	  	Assets of the Trust	  	23
	 Section 2.9
	  	Title to Trust Property	  	23
			
		  	 ARTICLE III
 Payment Account
	  	
			
	 Section 3.1
	  	Payment Account	  	23
			
		  	 ARTICLE IV
 Distributions; Redemption, Etc
	  	
			
	 Section 4.1
	  	Distributions	  	24
	 Section 4.2
	  	Redemption	  	26
	 Section 4.3
	  	Subordination of Common Securities	  	28
	 Section 4.4
	  	Payment Procedures	  	30
	 Section 4.5
	  	Tax Returns and Reports	  	30
	 Section 4.6
	  	Payment of Expenses of the Trust	  	30
	 Section 4.7
	  	Payments under Indenture or Pursuant to Direct Actions	  	30
	 Section 4.8
	  	Combination of Treasury HITS and Preferred HITS after Stock Purchase Date	  	30
			
		  	 ARTICLE V
 Trust Securities Certificates
	  	
			
	 Section 5.1
	  	Initial Ownership	  	31
	 Section 5.2
	  	The Trust Securities Certificates	  	31
	 Section 5.3
	  	Execution and Delivery of Trust Securities Certificates	  	32
	 Section 5.4
	  	Registration of Transfer and Exchange of HITS Certificates	  	32
	 Section 5.5
	  	Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates	  	33
	 Section 5.6
	  	Persons Deemed Holders	  	33
	 Section 5.7
	  	List of Holders’ Names and Addresses	  	33
	 Section 5.8
	  	Maintenance of Office Agency	  	34
	 Section 5.9
	  	Appointment of Paying Agent	  	34
	 Section 5.10
	  	Ownership of Common Securities by Sponsor; Common Securities Certificate	  	35
	 Section 5.11
	  	Book-Entry HITS Certificates	  	35
	 Section 5.12
	  	Notices to Clearing Agency	  	37
	 Section 5.13
	  	Exchanges	  	37
	 Section 5.14
	  	Remarketing Elections	  	39

 - ii - 
 AMENDED AND RESTATED DECLARATION OF TRUST 

					
	 Section 5.15
	  	Definitive HITS Certificates	  	41
	 Section 5.16
	  	Rights of Holders; Waivers of Past Defaults	  	42
	 Section 5.17
	  	CUSIP Numbers	  	44
	 Section 5.18
	  	Remarketing Procedures	  	44
			
		  	 ARTICLE VI
 Acts of Holders; Meetings; Voting
	  	
			
	 Section 6.1
	  	Limitations on Voting Rights	  	45
	 Section 6.2
	  	Notice of Meetings	  	46
	 Section 6.3
	  	Meetings of Holders of the HITS	  	47
	 Section 6.4
	  	Voting Rights	  	47
	 Section 6.5
	  	All Votes Must Be Made by a United States Person	  	47
	 Section 6.6
	  	Proxies, Etc	  	47
	 Section 6.7
	  	Holder Action by Written Consent	  	48
	 Section 6.8
	  	Record Date for Voting and Other Purposes	  	48
	 Section 6.9
	  	Acts of Holders	  	48
	 Section 6.10
	  	Inspection of Records	  	49
			
		  	 ARTICLE VII
 Representations and Warranties
	  	
			
	 Section 7.1
	  	Representations and Warranties of the Property Trustee and the Delaware Trustee	  	49
	 Section 7.2
	  	Representations and Warranties of Sponsor	  	50
			
		  	 ARTICLE VIII
 The Trustees
	  	
			
	 Section 8.1
	  	Certain Duties and Responsibilities	  	50
	 Section 8.2
	  	Certain Notices	  	52
	 Section 8.3
	  	Certain Rights of Property Trustee	  	53
	 Section 8.4
	  	Not Responsible for Recitals or Issuance of Securities	  	55
	 Section 8.5
	  	May Hold Securities	  	55
	 Section 8.6
	  	Compensation; Indemnity; Fees	  	55
	 Section 8.7
	  	Corporate Property Trustee Required; Eligibility of Trustees and Regular Trustees	  	56
	 Section 8.8
	  	Conflicting Interests	  	57
	 Section 8.9
	  	Co-Trustees and Separate Trustee	  	57
	 Section 8.10
	  	Resignation and Removal; Appointment of Successor	  	58
	 Section 8.11
	  	Acceptance of Appointment by Successor	  	59
	 Section 8.12
	  	Merger, Conversion, Consolidation or Succession to Business	  	60
	 Section 8.13
	  	Preferential Collection of Claims Against Sponsor or Trust	  	60
	 Section 8.14
	  	Property Trustee May File Proofs of Claim	  	60
	 Section 8.15
	  	Reports by Property Trustee	  	60
	 Section 8.16
	  	Reports to the Property Trustee	  	61
	 Section 8.17
	  	Evidence of Compliance with Conditions Precedent	  	61
	 Section 8.18
	  	Number of Trustees	  	61
	 Section 8.19
	  	Delegation of Power	  	61
			
		  	 ARTICLE IX
 Dissolution, Liquidation and Merger
	  	
			
	 Section 9.1
	  	Perpetual Existence	  	62
	 Section 9.2
	  	Early Dissolution	  	62

  

 - iii - 
 AMENDED AND RESTATED DECLARATION OF TRUST 

					
	 Section 9.3
	  	Dissolution	  	62
	 Section 9.4
	  	Liquidation	  	63
	 Section 9.5
	  	Mergers, Consolidations, Amalgamations or Replacements of Trust	  	64
			
		  	 ARTICLE X
 Qualifying Treasury Securities
	  	
			
	 Section 10.1
	  	Qualifying Treasury Securities	  	65
			
		  	 ARTICLE XI
 Other HITS Related Provisions
	  	
			
	 Section 11.1
	  	Tax Treatment	  	66
			
		  	 ARTICLE XII
 Miscellaneous Provisions
	  	
			
	 Section 12.1
	  	Limitation of Rights of Holders	  	67
	 Section 12.2
	  	Amendment	  	67
	 Section 12.3
	  	Separability Clause	  	68
	 Section 12.4
	  	Governing Law	  	69
	 Section 12.5
	  	Payments Due on Non-Business Day	  	69
	 Section 12.6
	  	Successors and Assigns	  	69
	 Section 12.7
	  	Effect of Headings and Table of Contents	  	69
	 Section 12.8
	  	Reports, Notices and Demands	  	69
	 Section 12.9
	  	Agreement Not to Petition	  	70
	 Section 12.10
	  	Trust Indenture Act; Conflict with Trust Indenture Act	  	70
	 Section 12.11
	  	Acceptance of Terms of Declaration, Guarantee Agreements and Indenture	  	70
	 Section 12.12
	  	Force Majeure	  	71

  

 - iv - 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 EXHIBITS: 
 Exhibit A — Original Certificate of Trust 
 Exhibit B — Restated Certificate of Trust 
 Exhibit C — Form of Corporate HITS Certificate 
 Exhibit D — Form of Common Securities Certificate 
 Exhibit E — Form of Preferred HITS Certificate 
 Exhibit F — Form of Treasury HITS Certificate 
  

 - v - 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 AMENDED AND RESTATED 
 DECLARATION OF TRUST 
 OF 
 BAC CAPITAL TRUST XIII 
 THIS AMENDED AND RESTATED DECLARATION OF TRUST
(“Declaration”) dated and effective as of ·, 2007 by and among (i) Bank of America Corporation, a Delaware corporation
(including any successors or assigns, the “Sponsor” or “Corporation”), (ii) The Bank of New York , a New York banking corporation, as property trustee (in such capacity, the “Property
Trustee”), (iii) The Bank of New York (Delaware), a Delaware banking corporation, as Delaware trustee (in such capacity, the “Delaware Trustee”), (iv) James T. Houghton, Richard L. Nichols, Jr., and Ann J. Travis,
(and their respective successors), each an individual whose addresses are c/o Bank of America Corporation, NC1-007-07-06, 100 North Tryon Street, Charlotte, North Carolina, 28255, Attention: Corporate Treasury (each, a “Regular
Trustee,” and collectively, the “Regular Trustees”) (the Property Trustee, the Delaware Trustee, and the Regular Trustees being referred to collectively as the “Trustees”), and (v) by the holders, from
time to time, of undivided beneficial interests in the assets of the Trust (as defined in the following paragraph) to be issued pursuant to this Declaration; 
 WHEREAS, the Delaware Trustee, the Sponsor and Karen A. Gosnell and James T. Houghton, as initial Regular Trustees, established BAC CAPITAL TRUST XIII (the “Trust”), a trust under the Delaware
Statutory Trust Act, pursuant to a Declaration of Trust dated as of May 3, 2006 (the “Original Declaration”), and an accompanying Certificate of Trust filed with the Secretary of State of the State of Delaware, for the sole
purpose of issuing and selling securities representing undivided beneficial interests in the assets of the Trust and investing the gross proceeds thereof in the Notes; 
 WHEREAS, as of the date hereof, no interests in the Trust have been issued; 
 WHEREAS, the Corporation and
the Trustees desire to amend and restate the Declaration in its entirety as set forth herein to provide for, among other things, (i) the issuance of the Common Securities by the Trust to the Corporation, (ii) the issuance of Preferred HITS
by the Trust and their offer and sale in a public offering pursuant to the Underwriting Agreement, (iii) the issuance of Treasury HITS and Corporate HITS in Exchange for Preferred HITS as provided in Section 5.13, (iv) the acquisition
by the Trust from the Corporation of all of the right, title and interest in the Notes, and (v) the entering into by the Trust with the Corporation of the Stock Purchase Contract Agreement and, pursuant to the Stock Purchase Contracts evidenced
by that agreement, the purchase by the Trust of shares of Preferred Stock on the Stock Purchase Date; 
 WHEREAS, all of the Trustees and the
Sponsor, by this Declaration, amend and restate each and every term and provision of the Original Declaration; and 
 NOW, THEREFORE, it
being the intention of the parties hereto to continue the Trust as a statutory trust under the Statutory Trust Act and that this Declaration constitute the governing instrument of such statutory trust, the Trustees declare that all assets
contributed to the Trust will be held in trust for the benefit of the holders, from time to time, of the securities representing undivided beneficial interests in the assets of the Trust issued hereunder, subject to the provisions of this
Declaration. 
  

 AMENDED AND RESTATED DECLARATION
OF TRUST 

 ARTICLE I 
 DEFINED TERMS 
 Section 1.1 Definitions. 
 For all purposes of this Declaration, except as otherwise expressly provided or unless the context otherwise requires: 
 (i) The terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular. 

(ii) All other terms used herein that are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings assigned to
them therein. 
 (iii) All accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally
accepted accounting principles, and the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles that are generally accepted at the date or time
of such computation; provided that when two or more principles are so generally accepted, it shall mean that set of principles consistent with those in use by the Corporation. 
 (iv) The words “hereby”, “hereof” and “hereunder” and other words of similar import refer to this Declaration as a whole
and not to any particular Article, Section or other subdivision. 
 “Act” has the meaning specified in
Section 6.9. 
 “Actual/360 Basis” means, for purposes of calculating the rate of Distributions, such rate calculated
on the basis of a 360-day year and the number of days actually elapsed. 
 “Additional Distribution Date” means each
March 15, June 15, September 15 and December 15 commencing on the later of the first such date on which Treasury HITS are Outstanding and June 15, 2007 (or, if any such day is not a Business Day, the next
succeeding Business Day). 
 “Affected Class(es)” means, (i) if a proposed action or inaction or Event of Default or
other relevant circumstance relates solely and specifically to Trust Property, each Class for which such Trust Property is a Corresponding Asset, (ii) if a proposed action or inaction or Event of Default or other relevant circumstance does not
relate specifically and solely to Trust Property, then each Class that could reasonably be expected to be affected by the action proposed or inaction or Event of Default, and (iii) for purposes of Section 5.16 at any time, the Classes of
HITS for which Notes at such time are Corresponding Assets (that is, (A) for purposes of Sections 5.16(b) and 5.16(c), until the Remarketing Settlement Date, the Preferred HITS and the Corporate HITS and, thereafter, the Corporate HITS,
(B) for purposes of Section 5.16(d), the Preferred HITS and the Treasury HITS, and (C) for purposes of Section 5.16(e), (I) if the Event of Default is of the type referred to in clause (a) of the definition of that
term, the Preferred HITS and the Corporate HITS until the Remarketing Settlement Date and the Corporate HITS thereafter, (II) if the Event of Default is of the type described in paragraph (b) of the definition of that term, the Preferred
HITS and Treasury HITS, (III) if the Event of Default is of the type described in clause (d) of the definition of that term, the Classes of HITS that were to have been redeemed, and (IV) if the Event of Default is of the type
described in any of clause (c), (e) or (f) of the definition of that term, each Class of HITS then outstanding). 
  

 2 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 “Affiliate” of any specified Person means any other Person directly or indirectly
controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and
policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Authorized Officer” of any Person means any officer of such Person or any Person authorized by or pursuant to a resolution of the
Board of Directors of such Person. 
 “Bank of America Deposit” has the meaning specified in the Stock Purchase Contract
Agreement. 
 “Bankruptcy Event” means, with respect to any Person: 
 (a) the entry of a decree or order by a court having jurisdiction in the premises judging such Person a bankrupt or insolvent, or approving as properly
filed a petition seeking reorganization, arrangement, adjudication or composition of or in respect of such Person under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law, or appointing a receiver,
liquidator, assignee, trustee, sequestrator (or other similar official) of such Person or of any substantial part of its property or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and
in effect for a period of 60 consecutive days; or 
 (b) the institution by such Person of proceedings to be adjudicated a bankrupt or
insolvent, or the consent by it to the institution of bankruptcy or insolvency proceedings against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State bankruptcy,
insolvency, reorganization or other similar law, or the consent by it to the filing of any such petition or to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or similar official) of such Person or of any substantial part
of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due and its willingness to be adjudicated a bankrupt, or the taking of
corporate action by such Person in furtherance of any such action. 
 “Bankruptcy Laws” has the meaning specified in
Section 12.9. 
 “Base Indenture” means the Restated Junior Subordinated Debt Securities Indenture dated as of
November 1, 2001 between the Corporation and The Bank of New York Trust Company, N.A., as successor trustee. 
 “Board of
Directors” means either the board of directors of any Person or any committee of that board of directors duly authorized to act. 
 “Book-Entry Transfer” means: 
 (a) as to HITS represented by Book-Entry HITS Certificates and as to Notes
represented by global certificates that settle and clear through a Clearing Agency’s system, transfer or delivery in accordance with the rules and procedures of the applicable Clearing Agency (including, in the case for DTC if it is the
Clearing Agency, book-entry deliveries through DTC’s Deposit/Withdrawal at Custodian DWAC system); and 
  

 3 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (b) as to U.S. Treasury securities (including Qualifying Treasury Securities), transfer or delivery in
accordance with the regulations of the United States Department of the Treasury governing book-entry treasury securities, including those currently at 12 C.F.R. Part 357. 
 “Book-Entry HITS” means HITS the ownership and transfers of which shall be made through book entries by a Clearing Agency as provided in Section 5.11. 
 “Book-Entry HITS Certificate” means a HITS Certificate evidencing ownership of Book-Entry HITS. 
 “Business Day” means a day other than a Saturday, a Sunday, or any other day on which banking institutions in New York, New York or
Charlotte, North Carolina are authorized or required by law or executive order to remain closed. 
 “Capital Treatment
Event” means the reasonable determination by the Corporation that, as a result of any (i) amendment to, or change in, the laws or regulations of the United States or any political subdivision of or in the United States that is enacted
or becomes effective after the initial issuance of the HITS, (ii) proposed change in those laws or regulations that is announced after the initial issuance of the HITS, or (iii) official administrative decision or judicial decision or
administrative action or other official pronouncement interpreting or applying such laws or regulations that is announced after the initial issuance of the HITS, there is more than an insubstantial risk of impairment of the Corporation’s
ability to treat the HITS (or any substantial portion) as Tier 1 capital (or the equivalent thereof) for purposes of the capital adequacy guidelines of the Federal Reserve. 
 “Certificate” means a Corporate HITS Certificate, a Preferred HITS Certificate, a Treasury HITS Certificate or a Common Securities
Certificate. 
 “Certificate Custodian” means, with respect to the HITS of a Class, the Securities Registrar, as custodian
with respect to the Book-Entry HITS Certificates representing the HITS of such Class, or any successor entity thereto. 
 “Certificate of Designations” means the “Certificate of Designations of Floating Rate Non-Cumulative Preferred Stock, Series F of Bank of America Corporation”, dated •, 2007, setting forth the resolutions of
the Corporation’s Board of Directors fixing the designations, voting powers, preferences and relative, participating and other special rights, and qualifications, limitations and restrictions thereof of the shares of the Preferred Stock as a
new series of the Corporation’s preferred stock. 
 “Certificate of Trust” has the meaning specified in the recitals
hereof, as amended from time to time. 
 “Class” means each of the Preferred HITS, the Treasury HITS, the Corporate HITS and
the Common Securities, each as a class of beneficial interests in the Trust. 
 “Clearing Agency” means an organization
registered as a “clearing agency” pursuant to Section 17A of the Exchange Act. DTC will be the initial Clearing Agency. 
 “Clearing Agency Participant” means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the
Clearing Agency. 
  

 4 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 “Closing Date” means the Time of Delivery, which date is also the date of execution and
delivery of this Declaration. 
 “Collateral Account” has the meaning specified in the Collateral Agreement. 
 “Collateral Agent” means The Bank of New York Trust Company, N.A., as Collateral Agent under the Collateral Agreement until a successor
Collateral Agent shall have been appointed and qualified pursuant to the applicable provisions of the Collateral Agreement, and thereafter “Collateral Agent” shall mean the Person who is then the Collateral Agent thereunder. 
 “Collateral Agreement” means the Collateral Agreement, dated as of the date hereof, among the Corporation, the Collateral Agent, the
Custodial Agent, the Securities Intermediary, the Trust (acting through the Property Trustee) and the Securities Registrar for the HITS, as amended from time to time. 
 “Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act or, if at any time after the execution of this instrument such Commission is
not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 
 “Common Securities Certificate” means a certificate evidencing ownership of Common Securities, substantially in the form attached as Exhibit D. 
 “Common Security” means a beneficial interest in the Trust, having a Liquidation Amount of $1,000 and having the rights provided
therefor in this Declaration, including the right to receive Distributions and a Liquidation Distribution as provided herein. 
 “Contingent Disposition Election” has the meaning specified in Section 5.14(a)(ii). 
 “Contingent
Exchange Election” has the meaning specified in Section 5.14(a)(i). 
 “Contract Payments” has the meaning
specified in the Stock Purchase Contract Agreement. 
 “Corporate HITS” means a beneficial interest in the Trust, having a
Liquidation Amount of $1,000 per Corporate HITS and having the rights provided for Corporate HITS in this Declaration, including the right to receive Distributions and a Liquidation Distribution as provided herein. 
 “Corporate HITS Certificate” means a certificate evidencing ownership of Corporate HITS, substantially in the form attached as
Exhibit C. 
 “Corporate HITS Distribution Date” means (i) each
March 15, June 15, September 15 and December 15, commencing on the later of the first such date on which Corporate HITS are Outstanding and June 15, 2007 and continuing through and including the last such date to
occur prior to the Remarketing Settlement Date for a Successful Remarketing, and (ii) thereafter for so long as Corporate HITS remain outstanding, each day that is an interest payment date for the Notes. 
 “Corporate HITS Distribution Rate” means (i) from the Closing Date to but not including the Remarketing Settlement Date for a
Successful Remarketing, or, in the event of a Failed Remarketing, the Stock Purchase Date, Three-Month LIBOR plus ·% per annum (calculated on an
Actual/360 Basis), and (ii) thereafter for so long as Corporate HITS remain outstanding, the rate per annum corresponding to interest payments by the Corporation on the Notes. 
  

 5 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 “Corporate HITS Redemption Date” means, with respect to any Corporate HITS to be
redeemed, the date fixed for such redemption by or pursuant to this Declaration; provided that (i) each Note Redemption Date shall be a Corporate HITS Redemption Date for a Like Amount of Corporate HITS and (ii) if a Successful
Remarketing occurs, the first Business Day after the Stock Purchase Date shall be a Corporate HITS Redemption Date for a redemption in kind pursuant to Section 4.2(c). 
 “Corporate HITS Redemption Price” means, with respect to a redemption of Corporate HITS for a Redemption Price payable in cash pursuant
to Section 4.2(a) and the related Corporate HITS Redemption Date, the redemption price for a Like Amount of Notes redeemed on such date in accordance with the Indenture. 
 “Corresponding Assets” means, with respect to each $1,000 Liquidation Amount of Trust Securities: 
 (a) in the case of Preferred HITS and Common Securities, (i) from the Time of Delivery to but not including the Remarketing Settlement Date for a
Successful Remarketing, $1,000 principal amount of Pledged Notes and a 1/100th interest in a Stock Purchase Contract, (ii) from and including the Remarketing Settlement Date for a Successful Remarketing to but not including the Stock Purchase
Date, the Bank of America Deposit made with the net proceeds of each $1,000 principal amount of Pledged Notes sold in such Successful Remarketing on such Remarketing Settlement Date and a 1/100th interest in a Stock Purchase Contract, and
(iii) from and including the Stock Purchase Date and thereafter for so long as Preferred HITS are outstanding, 1/100th of a share of Preferred Stock; 
 (b) in the case of Treasury HITS, (i) from the date of issuance for each Treasury HITS to but not including the Stock Purchase Date, $1,000 principal amount of Pledged Treasury Securities and a 1/100th interest
in a Stock Purchase Contract, and (ii) from and including the Stock Purchase Date and thereafter for so long as Treasury HITS are outstanding, 1/100th of a share of Preferred Stock, subject to Section 4.8; and 
 (c) in the case of Corporate HITS, from the date of issuance for each Corporate HITS, $1,000 principal amount of Notes, subject to Section 5.14.

 “Corporate Trust Office” means when used with respect to each of the Property Trustee and the Note Trustee, the
principal office which at any particular time such entity’s corporate trust business shall be principally administered, which office at the date hereof is located at, (i) with respect to the Property Trustee, The Bank of New York, 101
Barclay Street, 8 West, New York, New York 10286, facsimile: (904) 645-1921, Attention: Corporate Trust Administration and (ii) with respect to the Note Trustee, the Bank of New York Trust Company, N.A., 10161 Centurion Parkway,
2nd Floor, Jacksonville, Florida 32256, facsimile: (904) 645-1921, Attention: Corporate Trust Administration.

 “Custodial Agent” means The Bank of New York Trust Company, N.A., as Custodial Agent under the Collateral Agreement until
a successor Custodial Agent shall have become such pursuant to the applicable provisions of the Collateral Agreement, and thereafter “Custodial Agent” shall mean the Person who is then the Custodial Agent thereunder. 
 “Custody Account” has the meaning specified in the Collateral Agreement. 
 “Declaration” means this Amended and Restated Declaration, as the same may be modified, amended or supplemented in accordance with the
applicable provisions hereof, including (i) all exhibits, and (ii) for all purposes of this Declaration and any such modification, amendment or supplement, the provisions of the Trust Indenture Act that are deemed to be a part of and
govern this Declaration and any such modification, amendment or supplement, respectively. 
  

 6 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 “Deferred Contract Payment Amount” means, at any time for each $100,000 stated amount of
Stock Purchase Contracts, the amount of the Contract Payments accrued on such stated amount that has been deferred and not paid by reason of the Sponsor’s exercise of its right to defer payment of Contract Payments pursuant to Section 2.7
of the Stock Purchase Contract Agreement, together with interest accrued on such amount in accordance with the terms of the Stock Purchase Contract Agreement. 
 “Deferred Note Interest Amount” means, at any time for each $1,000 principal amount of Notes, the amount of interest accrued on such principal amount that has been deferred and not paid by reason of
the Corporation’s exercise of its right to defer payment of interest pursuant to Section 2.13 of the Base Indenture or Section 2.5 of the Thirteenth Supplemental Indenture, together with interest accrued on such amount in accordance
with the terms of the Indenture and the Thirteenth Supplemental Indenture. 
 “Definitive HITS Certificates” means either or
both (as the context requires) of (i) HITS Certificates issued as Book-Entry HITS Certificates as provided in Section 5.11, and (ii) HITS Certificates issued in certificated, fully registered form as provided in Section 5.15.

 “Delaware Statutory Trust Act” means Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. ss. 3801
et seq., as it may be amended from time to time. 
 “Delaware Trustee” means the Person identified as the
“Delaware Trustee” in the preamble to this Declaration, solely in its capacity as Delaware Trustee of the Trust and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware trustee appointed
as herein provided. 
 “Direct Action” has the meaning specified in Section 5.16(c) and Section 5.16(d).

 “Distribution Date” means an Additional Distribution Date, a Corporate HITS Distribution Date or a Regular Distribution
Date. 
 “Distribution Period” means: 
 (i) with respect to Preferred HITS, Treasury HITS and Common Securities, each period of time beginning on a Regular Distribution Date (or the Closing Date in the case of the Distribution Period ending in June 2007)
and continuing to but not including the next succeeding Regular Distribution Date for such Class; and 
 (ii) with respect to Corporate HITS,
each period of time beginning on a Corporate HITS Distribution Date (or the Closing Date in the case of the Distribution Period ending in June 2007) and continuing to but not including the next succeeding Corporate HITS Distribution Date.

 “Distributions” means amounts payable in respect of the Trust Securities as provided in Section 4.1. 
 “Dividend Payment Date” has the meaning specified in the Certificate of Designations. 
 “DTC” means The Depository Trust Company. 
 “Early Dissolution Event” has the meaning specified in Section 9.2. 
  

 7 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 “Early Settlement Event” has the meaning specified in the Thirteenth Supplemental
Indenture. 
 “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 a Note Event of Default; or 
 (b) the occurrence of a Preferred Stock Default; or 
 (c) default by the Trust in the payment of any Distribution when it becomes
due and payable, and continuation of such default for a period of 30 days; or 
 (d) default by the Trust in the payment of any Redemption
Price of any Trust Security when it becomes due and payable; or 
 (e) default in the performance, or breach, in any material respect, of any
covenant or warranty of the Trustees in this Declaration (other than those specified in clause (b) or (c) above) and continuation of such default or breach for a period of 90 days after there has been given, by registered or certified
mail, to the Trustees and to the Sponsor by the Holders of at least 25% in aggregate Liquidation Amount of the Outstanding HITS 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 
 (f) the occurrence of a Bankruptcy Event with respect to the Property Trustee if a successor
Property Trustee has not been appointed within 90 days thereof. 
 “Excess Proceeds Distribution” means the distribution
that each Holder of Treasury HITS shall receive on each Additional Distribution Date on a pro rata basis from the Trust of the amount by which the proceeds of the Qualifying Treasury Securities pledged by the Trust in respect of Stock
Purchase Contracts maturing at least one Business Day prior to such date exceed the amount required to purchase replacement Qualifying Treasury Securities. 
 “Exchange” has the meaning specified in Section 5.13(a). 
 “Exchange
Act” means the Securities Exchange Act of 1934, and any successor statute thereto, in each case as amended from time to time. 
 “Exchange Period” means the Collateral Agent’s and the Securities Registrar’s normal business hours on any Business Day other than (i) any day in March, June, September or December that is on or after the 1st
day of such month through the 15th day of such month (or the next Business Day if the 15th day is not a Business Day) or (ii) the period from 3:00 p.m., New York City time, on the second Business Day before the first day of any
Remarketing Period to but not including the Business Day after the last day of that Remarketing Period. 
 “Failed
Remarketing” has the meaning specified in the Indenture. 
 “Federal Reserve” means the (i) Board of Governors
of the Federal Reserve System, as from time to time constituted, or if at any time after the execution of this Declaration the Federal Reserve is not existing and performing the duties now assigned to it, then the bodies performing such duties at
such time, or the Federal Reserve Bank of Richmond, or (ii) any successor Federal reserve bank (or successor body performing such duties) having primary jurisdiction over the Sponsor. 
  

 8 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 “Final Remarketing” has the meaning specified in the Indenture. 
 “Guarantee Agreements” means collectively (i) the Guarantee Agreement executed and delivered by the Sponsor and The Bank of New
York, as guarantee trustee, contemporaneously with the execution and delivery of this Declaration, for the benefit of the holders of the HITS, as amended from time to time; and (ii) the Trust Common Securities Guarantee Agreement by and among
the Trust and the Sponsor, as guarantor for the benefit of the holders of the Trust Common Securities, as amended from time to time. 
 “HITS” means each of the Preferred HITS, the Treasury HITS and the Corporate HITS. 
 “HITS
Certificate” means a Preferred HITS Certificate, a Treasury HITS Certificate or a Corporate HITS Certificate. 
 “Holder” means, with respect to a Trust Security, the Person in whose name the Trust Security evidenced by a Certificate is registered in the Security Register (and any such Person shall be deemed to be a beneficial owner
within the meaning of the Delaware Statutory Trust Act); provided, however, that solely for the purpose of determining whether the Holders of the requisite number of HITS have voted on any matter (and not for any other purpose
hereunder), if the HITS remains in the form of one or more Book-Entry HITS Certificates and if the Clearing Agency (or its nominee) that is the registered holder of such Book-Entry HITS Certificate has sent an omnibus proxy assigning voting rights
to the Clearing Agency Participants to whose accounts the HITS are credited on the record date, the term “Holder” shall mean such Clearing Agency Participant acting at the direction of the Owners. 
 “Indemnified Person” has the meaning specified in Section 8.6(c). 
 “Indenture” means the Base Indenture and the Thirteenth Supplemental Indenture, taken together. 
 “Investment Company Act” means the Investment Company Act of 1940, or any successor statute thereto, in each case as amended from time
to time. 
 “Investment Company Event” means the receipt by the Sponsor and the Trust of an opinion of counsel experienced
in matters relating to investment companies to the effect that, as a result of any change in law or regulation or 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 will be considered an investment company that is required to be registered under the Investment Company Act, which change becomes effective on or after the original issuance of
the HITS. 
 “Lien” means any lien, pledge, charge, encumbrance, mortgage, deed of trust, adverse ownership interest,
hypothecation, assignment, security interest or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever. 
 “Like Amount” means: 
 (a) with respect to a distribution of Notes to Holders of Preferred
HITS, Corporate HITS or Common Securities in connection with a dissolution or liquidation of the Trust or a redemption in kind of Corporate HITS pursuant to Section 4.2(c), Notes having a principal amount equal to the Liquidation Amount of the
Trust Securities of the Holder to whom such Notes are distributed; 
  

 9 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (b) with respect to a distribution of Pledged Treasury Securities to Holders of Treasury HITS in
connection with a dissolution or liquidation of the Trust, Pledged Treasury Securities having a principal amount equal to the Liquidation Amount of the Treasury HITS to whom such Pledged Treasury Securities are distributed; 
 (c) with respect to a distribution of Preferred Stock or fractional interests in Preferred Stock to Holders of Trust Securities in connection with a
dissolution or liquidation of the Trust, Preferred Stock or a fractional interest in a share of Preferred Stock (which may be effected by the Trust through the creation of depositary shares) having a liquidation preference equal to the Liquidation
Amount of the Trust Securities of the Holder to whom such shares of Preferred Stock or a fractional interest in a share of Preferred Stock (including through a depositary share) are distributed; 
 (d) with respect to a redemption of Preferred Stock, 1/100th of a share of Preferred Stock for each Preferred HITS or Common Security; 
 (e) with respect to an Exchange of Preferred HITS and Qualifying Treasury Securities for Treasury HITS and Corporate HITS pursuant to
Section 5.13(b), a number of Treasury HITS and a number of Corporate HITS in each case equal to the number of Preferred HITS included in such Exchange (e.g., if 1,000 Preferred HITS are being Exchanged, the Holder will receive 1,000 Treasury
HITS and 1,000 Corporate HITS in accordance with and subject to Section 5.13); 
 (f) with respect to an Exchange of Treasury HITS and
Corporate HITS for Preferred HITS and Qualifying Treasury Securities, a number of Preferred HITS equal to the number of Treasury HITS and the number of Corporate HITS being Exchanged (e.g., if 1,000 Treasury HITS and 1,000 Corporate HITS are being
Exchanged, the Holder will receive upon the Exchange 1,000 Preferred HITS together with $1,000,000 principal amount of Qualifying Treasury Securities released from the Pledge, in accordance with and subject to Section 5.13(e)); 
 (g) with respect to Notes (including Pledged Notes as applicable) being deposited or delivered in connection with an Exchange, Notes having a principal
amount equal to $1,000 for each Preferred HITS involved in the Exchange; 
 (h) with respect to Section 5.16(c), $1,000 principal amount
of Notes for each $1,000 Liquidation Amount of HITS of each Affected Class; and 
 (i) with respect to Section 5.16(d), 1/100th of a
Stock Purchase Contract with its stated amount of $100,000 for each $1,000 Liquidation Amount of HITS of the Affected Classes. 
 “Liquidation Amount” means the stated amount of $1,000 per Trust Security. 
 “Liquidation Date”
means the date of the distribution of the assets of the Trust to Holders pursuant to Section 9.4. 
 “Liquidation
Distribution” has the meaning specified in Section 9.4(d). 
 “Majority in Liquidation Amount” means as to a
Class or Classes of Trust Securities, except as provided by the Trust Indenture Act, Trust Securities of such Class or Classes representing more than 50% of the aggregate Liquidation Amount of all Outstanding Trust Securities of such Class or
Classes. 
 “Note Event of Default” has the meaning specified in Section 2.10 of the Thirteenth Supplemental Indenture.

  

 10 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 “Note Redemption Date” means, with respect to any Notes to be redeemed under the
Indenture, the date fixed for redemption of such Notes under the Indenture. 
 “Note Redemption Price” means, with respect
to any Notes to be redeemed under the Indenture, the Redemption Price for such redemption and related Note Redemption Date determined in accordance with the Indenture. 
 “Note Trustee” means The Bank of New York Trust Company, N.A., as successor trustee to The Bank of New York, solely in its capacity as trustee pursuant to the Indenture and not in its individual
capacity, or its successor in interest in such capacity, or any successor trustee appointed as provided in the Indenture. 
 “Notes” means the $·,000,000 initial aggregate principal amount of the Corporation’s Remarketable Floating Rate
Junior Subordinated Notes due 2043 issued pursuant to the Indenture. 
 “Notice of Contingent Disposition Election” has the
meaning specified in Section 5.14(f). 
 “Notice of Contingent Exchange Election” has the meaning specified in
Section 5.14(d)(i). 
 “Officers’ Certificate” means, with respect to any Person, a certificate signed by any two
Authorized Officers of such Person. Any Officers’ Certificate delivered with respect to compliance with a condition or covenant provided for in this Declaration shall include: 
 (a) a statement by each officer signing the Officers’ Certificate that such officer 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 such officer in rendering the
Officers’ Certificate; 
 (c) a statement that 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 such officer, such condition or covenant has been complied with. 
 “Opinion of Counsel” means a written opinion of counsel, who may be counsel for or an employee of the Corporation or any Affiliate of the Corporation. 
 “Original Declaration” has the meaning specified in the recitals to this Declaration. 
 “Outstanding,” when used with respect to Trust Securities of a Class, means, as of the date of determination, all Trust Securities of
such Class theretofore executed and delivered under this Declaration, except: 
 (a) Trust Securities of such Class theretofore canceled by
the Property Trustee or delivered to the Property Trustee for cancellation; 
 (b) Trust Securities of such Class for whose payment or
redemption money in the necessary amount has been theretofore deposited with the Property Trustee or any Paying Agent; provided that if such Trust Securities are to be redeemed, notice of such redemption has been duly given pursuant to this
Declaration; and 
  

 11 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (c) Trust Securities of such Class that have been paid or in exchange for or in lieu of which other Trust
Securities have been executed and delivered pursuant to Sections 5.4, 5.5, 5.11 and 5.13; 
 provided, however, that in determining whether the
Holders of the requisite Liquidation Amount of the Outstanding HITS of a Class have given any request, demand, authorization, direction, notice, consent or waiver hereunder, HITS of such Class owned by the Corporation, any Trustee, or any Affiliate
of the Corporation or any Trustee shall be disregarded and deemed not to be Outstanding, except that (a) in determining whether any Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent
or waiver, only HITS of such Class that such Trustee actually knows to be so owned shall be so disregarded, and (b) the foregoing shall not apply at any time when all of the Outstanding HITS of such Class are owned by the Corporation, one or
more of the Trustees, and/or any such Affiliate. HITS of a Class so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Regular Trustees the pledgee’s right so to act
with respect to such HITS and that the pledgee is not the Corporation or any Affiliate of the Corporation. 
 “Owner” means
each Person who is the beneficial owner of Book-Entry HITS as reflected in the records of the Clearing Agency or, if a Clearing Agency Participant is not the Owner, then as reflected in the records of a Person maintaining an account with such
Clearing Agency (directly or indirectly, in accordance with the rules of such Clearing Agency). 
 “Paying Agent” means any
paying agent or co-paying agent appointed pursuant to Section 5.9 and shall initially be The Bank of New York Trust Company, N.A. 
 “Payment Account” means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee initially with The Bank of New York Trust Company, N.A. (in its corporate capacity and not as Paying
Agent), in its trust department for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with
Sections 4.1 and 4.2. After the Stock Purchase Date, the Payment Account may at any time be established with any commercial bank by the Property Trustee. 
 “Person” means a legal person, including any individual, corporation, estate, partnership, joint venture, association, joint stock company, company, limited liability company, trust, unincorporated
association, or government or any agency or political subdivision thereof, or any other entity of whatever nature. 
 “Pledge” means the pledge under the Collateral Agreement of Notes or Qualifying Treasury Securities, as the case may be. 
 “Pledged Notes” has the meaning specified in the Collateral Agreement. 
 “Pledged Treasury
Securities” has the meaning specified in the Collateral Agreement. 
 “Predecessor Corporate HITS Certificate” of
any particular Corporate HITS Certificate means every previous Corporate HITS Certificate evidencing all or a portion of the rights and obligations of the Corporation and the Holder under the Corporate HITS evidenced thereby; and, for the purposes
of this definition, any Corporate HITS Certificate delivered under Section 5.5 in exchange for or in lieu of a 

  

 12 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 
mutilated, destroyed, lost or stolen Corporate HITS Certificate shall be deemed to evidence the same rights and obligations of the Corporation and the Holder
as the mutilated, destroyed, lost or stolen Corporate HITS Certificate. 
 “Predecessor Certificate” means a Predecessor
Preferred HITS Certificate, a Predecessor Treasury HITS Certificate or a Predecessor Corporate HITS Certificate, as applicable. 
 “Predecessor Preferred HITS Certificate” of any particular Preferred HITS Certificate means every previous Preferred HITS Certificate evidencing all or a portion of the rights and obligations of the Corporation and the
Holder under the Preferred HITS evidenced thereby; and, for the purposes of this definition, any Preferred HITS Certificate delivered under Section 5.5 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Preferred HITS
Certificate shall be deemed to evidence the same rights and obligations of the Corporation and the Holder as the mutilated, destroyed, lost or stolen Preferred HITS Certificate. 
 “Predecessor Treasury HITS Certificate” of any particular Treasury HITS Certificate means every previous Treasury HITS Certificate
evidencing all or a portion of the rights and obligations of the Corporation and the Holder under the Treasury HITS evidenced thereby; and, for the purposes of this definition, any Treasury HITS Certificate delivered under Section 5.5 in
exchange for or in lieu of a mutilated, destroyed, lost or stolen Treasury HITS Certificate shall be deemed to evidence the same rights and obligations of the Corporation and the Holder as the mutilated, destroyed, lost or stolen Treasury HITS
Certificate. 
 “Preferred HITS” means a beneficial interest in the Trust, having a Liquidation Amount of $1,000 and having
the rights provided for Preferred HITS in this Declaration, including the right to receive Distributions and a Liquidation Distribution as provided herein. 
 “Preferred HITS Certificate” means a certificate evidencing ownership of Preferred HITS, substantially in the form attached as Exhibit E. 
 “Preferred HITS Distribution Rate” means (i) from the Closing Date to but not including the later of March 15, 2012 and the
Stock Purchase Date (and for each related Distribution Period), Three-Month LIBOR plus ·% per annum (calculated on an Actual/360 Basis) on a
cumulative basis for each Regular Distribution Date to and including the Stock Purchase Date; and (ii) thereafter, for each Distribution Period and related Regular Distribution Date, the greater of (A) Three-Month LIBOR for such
Distribution Period plus ·% and (B) ·%
(calculated on an Actual/360 Basis) on a non-cumulative basis.1 
 “Preferred HITS Redemption Date” means, with respect to any Preferred HITS to be redeemed, the date fixed for such redemption by or
pursuant to this Declaration; provided that each Preferred Stock Redemption Date shall be a Redemption Date for a like amount of Preferred HITS. 
 “Preferred HITS Redemption Price” means, with respect to any Preferred HITS and Common Securities and the related Preferred HITS Redemption Date, the liquidation amount for a Like Amount of Preferred
Stock redeemed in accordance with the Certificate of Designations plus accumulated and unpaid distributions to but excluding the Redemption Date. 
 “Preferred Stock” means the Floating Rate Non-Cumulative Preferred Stock, Series F, $100,000 liquidation preference per share, no par value, of the Sponsor. 

	1	Clause (i) is the sum of the per annum interest rate on the Notes and the per annum Contract Payments rate; clause (ii) is the per annum dividend rate on
the Preferred Stock. 

  

 13 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 “Preferred Stock Default” means the failure of the Corporation to comply in any material
respect with any of its obligations (i) under the Stock Purchase Contract Agreement or (ii) as issuer of the Preferred Stock, including in the Certificate of Designations, the Corporation’s certificate of incorporation, or arising
under applicable law. 
 “Preferred Stock Redemption Date” means, with respect to any shares of Preferred Stock to be
redeemed under the Certificate of Designations, the date fixed for redemption of such shares under the Certificate of Designations. 
 “Proceeds” has the meaning specified in the Collateral Agreement. 
 “Property Trustee” means the
Person identified as the “Property Trustee” in the preamble to this Declaration, solely in its capacity as Property Trustee of the Trust and not in its individual capacity, or its successor in interest in such capacity, or any successor
property trustee appointed as herein provided. 
 “Prospectus” means the prospectus, dated •, 2007, of the Corporation
and the Trust relating to the offering of the Preferred HITS. 
 “Qualifying Treasury Securities” has the meaning specified
in Section 10.1. 
 “Recombination Notice and Request” has the meaning specified in Section 5.13(d)(ii).

 “Redemption Date” means a Preferred HITS Redemption Date or a Corporate HITS Redemption Date, as applicable. 

“Redemption Price” means, (i) with respect to a redemption of Preferred HITS, the Preferred HITS Redemption Price, and
(ii) with respect to a redemption of Corporate HITS, the Corporate HITS Redemption Price. 
 “Regular Distribution
Date” means: 
 (a) each March 15, June 15, September 15 and December 15 commencing June 15, 2007
(or, in the case of Treasury HITS, the first such date on which Treasury HITS are outstanding); and 
 (b) the Stock Purchase Date if not
otherwise a Regular Distribution Date; 
 provided, however, that the last Regular Distribution Date for the Treasury HITS shall be the Stock
Purchase Date (except to the extent subordinated notes relating to deferred interest are outstanding); and provided that if any Regular Distribution Date is not a Business Day, the Regular Distribution Date shall be the next Business Day.

 “Regular Trustee” means each of the individuals identified as a “Regular Trustee” in the preamble to this
Declaration solely in such individual’s capacity as Regular Trustee of the Trust and not in such individual’s individual capacity, or such Regular Trustee’s successor in interest in such capacity, or any successor trustee appointed as
herein provided. 
 “Relevant Trustee” shall have the meaning specified in Section 8.10. 
 “Remarketing” has the meaning specified in the Indenture. 
  

 14 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 “Remarketing Agent” means, as to a Remarketing and Remarketing Agreement, the
remarketing agent and any successor or replacement remarketing agent appointed by the Corporation. 
 “Remarketing Agent’s
Fee” means, as to the Remarketing Agent and a Remarketing, the fee provided for in the Remarketing Agreement. 
 “Remarketing Agreement” means the Remarketing Agreement to be entered into prior to the first Remarketing among the Corporation, the Trust (acting through the Property Trustee) and the Remarketing Agent, as amended or
supplemented from time to time. 
 “Remarketing Period” has the meaning specified in the Indenture. 
 “Remarketing Settlement Date” has the meaning specified in the Indenture. 
 “Reset Rate” has the meaning specified in the Thirteenth Supplemental Indenture (and is the interest rate applicable to the Notes and
the Corporate HITS Distribution Rate commencing on the Remarketing Settlement Date). 
 “Responsible Officer” means, with
respect to any Trustee other than a Regular Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other
officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of
and familiarity with the particular subject and who shall have direct responsibility for the administration of this Declaration. 
 “Securities Act” means the Securities Act of 1933, and any successor statute thereto, in each case as amended from time to time. 
 “Securities Intermediary” means The Bank of New York Trust Company, N.A., as Securities Intermediary under the Collateral Agreement until a successor Securities Intermediary shall have become such
pursuant to the applicable provisions of the Collateral Agreement, and thereafter “Securities Intermediary” shall mean such successor or any subsequent successor who is appointed pursuant to the Collateral Agreement. 
 “Securities Register” has the meaning specified in Section 5.4. 
 “Securities Registrar” means the transfer agent and registrar designated by the Regular Trustees for the Trust Securities pursuant to
Section 5.4. 
 “Special Event” means a Tax Event, Capital Treatment Event or an Investment Company Event. 

“Splitting Notice and Request” has the meaning specified in Section 5.13(b)(iii). 
 “Sponsor” has the meaning specified in the preamble to this Declaration. 
 “Stock Purchase Contract” has the meaning specified in the Stock Purchase Contract Agreement. 
 “Stock Purchase Contract Agreement” means the Stock Purchase Contract Agreement, dated as of the date hereof, between the Corporation
and the Property Trustee (acting on behalf of the Trust). 
  

 15 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 “Stock Purchase Date” has the meaning specified in the Stock Purchase Contract
Agreement. 
 “Successful” has the meaning specified in the Thirteenth Supplemental Indenture. 
 “Successor Securities” has the meaning specified in Section 9.5. 
 “Tax Event” means the Trust or the Corporation has requested and received an opinion of counsel (which may be the Corporation’s
counsel or counsel of an Affiliate but not an employee and which must be reasonably acceptable to the Property Trustee) experienced in tax matters to the effect that, as a result of any (i) amendment to or change in the laws or regulations of
the United States or any political subdivision or taxing authority of or in the United States that is enacted or becomes effective after the initial issuance of the HITS; (ii) proposed change in those laws or regulations that is announced after
the initial issuance of the HITS; or (iii) official administrative decision or judicial decision or administrative action or other administrative pronouncement interpreting or applying those laws or regulations, including revocation of an
existing pronouncement, that is announced or communicated to the Corporation or the Trust in respect of the HITS after the initial issuance of the HITS, there is more than an insubstantial risk that: (a) the Trust is, or will be, subject to
United States federal income tax with respect to income received or accrued on any assets held by the Trust; (b) interest payable by the Corporation on the Notes is not, or will not be, deductible by the Corporation, in whole or in part, for
United States federal income tax purposes; or (c) the Trust is, or will be, subject to more than a de minimis amount of other taxes, duties or other governmental charges. 
 “Thirteenth Supplemental Indenture” means the Thirteenth Supplemental Indenture to the Base Indenture, dated as of the date hereof,
between the Corporation and the Note Trustee, as amended or supplemented from time to time. 
 “Three-Month LIBOR” means,
for any Distribution Period, “Three-Month LIBOR” for the corresponding Dividend Period as defined in and determined pursuant to the Certificate of Designations. 
 “Time of Delivery” means •, 2007. 
 “Transaction Agreements” means
each of the Collateral Agreement, the Guarantee Agreements, the Indenture, the Thirteenth Supplemental Indenture, the Notes, the Remarketing Agreement, the Stock Purchase Contract Agreement, the Underwriting Agreement, the Note Purchase Agreement,
dated as of the date hereof, by and among the Corporation and the Trust, the Replacement Capital Covenant, dated as of the date hereof, by the Corporation in favor of and for the benefit of each Covered Debtholder (as defined therein), and any other
agreement determined by a Trustee to be appropriate in exercising the authority, express or implied, otherwise granted to the Trustees under this Declaration. 
 “Treasury HITS” means a beneficial interest in the Trust, having a Liquidation Amount of $1,000 and having the rights provided for Treasury HITS in this Declaration, including the right to receive
Distributions and a Liquidation Distribution as provided herein. 
 “Treasury HITS Certificate” means a certificate
evidencing ownership of Treasury HITS, substantially in the form attached as Exhibit F. 
 “Treasury HITS Distribution
Rate” means •% per annum accruing for each Treasury HITS from the Regular Distribution Date immediately preceding its issuance, on a cumulative basis. 
 “Treasury HITS Treasury Roll Over Amount” means, for each Additional Distribution Date on which Treasury HITS are Outstanding, an amount per $1,000 of Treasury HITS equal to the excess (if 

  

 16 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 
any) of $1,000 (which is the principal amount of Pledged Treasury Securities per Treasury HITS maturing at least one but not more than six Business Days
prior to such date) over the amount required to be expended by the Collateral Agent to purchase Qualifying Treasury Securities maturing at least one but not more than six Business Days prior to that Additional Distribution Date. 
 “Trust” means the Delaware statutory trust known as “BAC Capital Trust XIII”, which was created under the Delaware Statutory
Trust Act pursuant to the Original Declaration and the filing of the Certificate of Trust, and continued pursuant to this Declaration. 
 “Trustees” means, collectively, the Property Trustee, the Delaware Trustee, and the Regular Trustees. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended
after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act of 1939, as so amended. 
 “Trust Property” means (a) the Notes for so long as they are owned by the Trust in accordance with this Declaration, (b) the Stock Purchase Contracts, (c) the Preferred Stock once
acquired by the Trust pursuant to the Stock Purchase Contracts, (d) treasury securities (that are required to be Qualifying Treasury Securities when delivered) delivered to the Property Trustee (or the Collateral Agent) pursuant to
Section 5.13 or Section 5.14, (e) the rights of the Trust under the Transaction Agreements, and (f) 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 Property Trustee pursuant to the Declaration. 
 “Trust Security” means any one of the Common Securities or any
of the three Classes of the HITS. 
 “Trust Securities Certificate” means any one of the Common Securities Certificates or
the HITS Certificates. 
 “Underwriting Agreement” means the Underwriting Agreement, dated •, 2007, among the Trust,
the Corporation and the underwriters named therein. 
 “United States Person” means, for U.S. federal income tax
purposes, a citizen or resident of the United States, a domestic partnership, a domestic corporation, an estate the income of which is subject to U.S. federal income taxation regardless of its source, and a trust if (i) a court within the
United States is able to exercise primary supervision over the administration of the trust, and (ii) one or more United States persons have the authority to control all substantial decisions of the trust. 
 ARTICLE II 
 CONTINUATION OF THE TRUST; ISSUANCE OF HITS; AND RELATED MATTERS 
 Section 2.1 Name. 
 The trust
continued hereby shall be known as “BAC Capital Trust XIII,” as such name may be modified from time to time by the Regular Trustees following written notice to the Holders and the other Trustees, in which name the Regular Trustees and the
other Trustees may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and sue and be sued on behalf of the Trust. 
  

 17 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 2.2 Office of the Delaware Trustee; Principal Place of Business. 
 The address of the Delaware Trustee in the State of Delaware is The Bank of New York (Delaware), 100 White Clay Center, Route 273, Newark,
Delaware 19711, or such other address in the State of Delaware as the Delaware Trustee may designate by written notice to the Sponsor, the Property Trustee and the Regular Trustees. The principal executive office of the Trust is c/o Bank of America
Corporation, NC1-007-07-06, 100 North Tryon Street, Charlotte, North Carolina, 28255, Attention: Corporate Treasury—Securities Administration. 
 Section 2.3 Initial Contribution of Trust Property; Organizational Expenses. 
 The Trustees acknowledge
receipt from the Sponsor in connection with the Original Declaration of the sum of $10, which constituted the initial Trust Property. The Sponsor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee,
promptly reimburse such Trustee for any such expenses paid by such Trustee. The Sponsor shall not make any claim upon the Trust Property for the payment of such expenses. 
 Section 2.4 Issuance of the HITS. 
 (a) On •, 2007, the Corporation, on behalf
of the Trust, executed and delivered the Underwriting Agreement, which action is hereby authorized, approved, ratified and confirmed in all respects. Contemporaneously with the execution and delivery of this Declaration, a Regular Trustee, on behalf
of the Trust, in connection with the execution and delivery on such date of • Preferred HITS to the underwriters named in the Underwriting Agreement, shall execute in accordance with Section 5.3 and deliver to the Clearing Agency a
Preferred HITS Certificate or Certificates that are Book-Entry HITS Certificates, registered in the name of the Clearing Agency (or its nominee) representing • Preferred HITS, against payment of $1,000 per Preferred HITS or $• in the
aggregate, net of the applicable underwriting discount determined in accordance with the Underwriting Agreement, as the purchase price therefor in immediately available funds, which funds such Regular Trustee shall promptly deliver to the Property
Trustee or its designee. 
 (b) On the date on which a Regular Trustee, on behalf of the Trust executes and delivers a Preferred HITS
Certificate pursuant to Section 2.4(a), such Regular Trustee shall also execute in accordance with Section 5.3 and deliver to the Clearing Agency or the Certificate Custodian two additional Book-Entry HITS Certificates, one of which shall
be a Corporate HITS Certificate and the other of which shall be a Treasury HITS Certificate, each representing up to a maximum number of Corporate HITS or Treasury HITS, as applicable, that is the same as the number of Preferred HITS evidenced by
the Certificate contemporaneously issued as a Book-Entry HITS Certificate pursuant to Section 2.4(b) and Section 2.4(c). 
 (c) In
order to give effect to Exchanges, the Securities Registrar may, as provided in Section 5.11, endorse Book-Entry HITS Certificates to reduce or increase the number of Preferred HITS, Treasury HITS or Corporate HITS evidenced by each such
Book-Entry HITS Certificate, provided that no such endorsement shall result in a Book-Entry HITS Certificate evidencing a number of Preferred HITS, Treasury HITS or Corporate HITS exceeding the maximum number set forth on the face of such
Certificate. 
  

 18 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 2.5 Issuance of the Common Securities; Subscription and Purchase of Notes. 

Contemporaneously with the execution and delivery of this Declaration, a Regular Trustee, on behalf of the Trust, shall execute in accordance with
Section 5.3 and deliver to the Sponsor a Common Securities Certificate, registered in the name of the Sponsor, evidencing 100 Common Securities, each having a Liquidation Amount of $1,000 and having an aggregate Liquidation Amount of $100,000,
against payment by the Sponsor of the purchase price therefor in immediately available funds, which amount such Regular Trustee shall promptly deliver to the Property Trustee or its designee. Contemporaneously therewith, a Regular Trustee, on behalf
of the Trust, shall (x) subscribe to and purchase from the Corporation the Notes registered in the name of the Trust and having an aggregate initial principal amount equal to $•,000,000, (y) shall deliver to the Corporation the
purchase price therefor (being the sum of the amounts delivered to the Property Trustee or its designee pursuant to (i) the second sentence of Section 2.4 and (ii) the first sentence of this Section 2.5), and (z) shall
instruct the Corporation to deliver the Notes to the Collateral Agent for deposit in the Collateral Account. 
 Section 2.6
Declaration. 
 The exclusive purposes and functions of the Trust are and the Trust shall have the power and authority
(a) to issue and sell Trust Securities, (b) to use the gross proceeds from such sale to invest in and purchase the Notes, (c) to enter into and perform its obligations under the Transaction Agreements (including, on the Stock Purchase
Date, to purchase Preferred Stock pursuant to the Stock Purchase Contracts), (d) to hold the Notes and certain U.S. Treasury securities and the Bank of America Deposit and pledge them to secure the Trust’s obligations under the Stock
Purchase Contracts, and (e) to engage in those activities necessary or incidental thereto. The Sponsor hereby appoints the Trustees as trustees of the Trust, to have all the rights, powers and duties to the extent set forth herein, and the
Trustees hereby accept such appointment. The Property Trustee hereby declares that it will hold the Trust Property upon and subject to the conditions set forth herein for the benefit of the Trust and the Holders. The Regular Trustees shall have all
rights, powers and duties set forth herein and in accordance with applicable law with respect to accomplishing the purposes of the Trust. The Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of
the duties and responsibilities of the Property Trustee or the Regular Trustees, or any of the duties and responsibilities of the Trustees generally, set forth herein. The Delaware Trustee shall be one of the trustees of the Trust for the sole and
limited purpose of fulfilling the requirements of Section 3807(a) of the Delaware Statutory Trust Act and for taking such actions as are required to be taken by a Delaware trustee under the Delaware Statutory Trust Act. To the extent that, at
law or in equity, the Delaware Trustee has duties (including fiduciary duties) and liabilities relating thereto to the Trust or the Holders, it is hereby understood and agreed that such duties and liabilities are replaced by the duties and
liabilities of the Delaware Trustee expressly set forth in this Declaration. The Delaware Trustee shall be entitled to all of the same rights, protections, indemnities and immunities under this Declaration and with respect to the Trust as the
Property Trustee. 
 Section 2.7 Authorization to Enter into Certain Transactions. 
 (a) The Trustees shall conduct the affairs of the Trust in accordance with the terms of this Declaration. Subject to the limitations set forth in
Section 2.7(b), and in accordance with the following clauses (i) and (ii) of this Section 2.7(a), the Trustees shall have the authority to enter into all transactions and agreements determined by the Trustees to be appropriate in
exercising the authority, express or implied, otherwise granted to the Trustees under this Declaration, and to perform all acts in furtherance thereof, including the following: 
  

 19 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (i) As among the Trustees, the Regular Trustees, and each of them, shall have the power and authority to
act on behalf of the Trust with respect to the following matters: 
 (A) execution of the Trust Securities on behalf of the
Trust in accordance with this Declaration and the issuance and sale of the Trust Securities; 
 (B) causing the Trust to
perform the Underwriting Agreement and causing the Trust to enter into, and to execute, deliver and perform such agreements as may be necessary or desirable in connection with the purposes and function of the Trust; 
 (C) assisting in the registration of the HITS under the Securities Act and under state securities or blue sky laws, and the qualification
of this Declaration under the Trust Indenture Act; 
 (D) assisting in the listing of the HITS upon such securities exchange
or exchanges, if any, as shall be determined by the Sponsor, with the registration of the HITS under the Exchange Act, if required, and with the preparation and filing of all periodic and other reports and other documents pursuant to the foregoing;

 (E) assisting in the sending of notices (other than notices of default) and other information regarding the Trust
Securities, the Notes and the Preferred Stock to the Holders in accordance with this Declaration; 
 (F) to give the Sponsor
and the Property Trustee prompt written notice of the occurrence of a Special Event; provided that the Regular Trustees shall consult with the Sponsor and the Property Trustee before taking or refraining from taking any ministerial action in
relation to a Special Event; 
 (G) appointing a Paying Agent and a Securities Registrar and any successor Paying Agent or
Securities Registrar in accordance with this Declaration to The Bank of New York Trust Company, N.A. as Paying Agent and as Securities Registrar; 
 (H) to the extent provided in this Declaration, the winding up of the affairs of and liquidation of the Trust and the execution and filing of the certificate of cancellation with the Secretary of State of the State of
Delaware; 
 (I) execution and delivery of closing certificates, if any, pursuant to the Underwriting Agreement and any
Remarketing Agreement and application for a taxpayer identification number for the Trust; 
 (J) unless otherwise required by
the Delaware Statutory Trust Act, the Trust Indenture Act or other applicable law, execution on behalf of the Trust (either acting alone or together with any or all of the Regular Trustees) of any documents that the Regular Trustees have the power
to execute pursuant to this Declaration; 
 (K) the taking of any action incidental to the foregoing as the Trustees may from
time to time determine is necessary or advisable to give effect to the terms of this Declaration; and 
 (L) the taking of any
action required to be taken by the Regular Trustees under any of the Transaction Agreements. 
  

 20 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (ii) As among the Trustees, the Property 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 Payment Account; 
 (B) the execution and delivery on behalf of the Trust of the Stock Purchase Contract Agreement, the Collateral Agreement, the Remarketing
Agreement, and any other Transaction Agreement other than the Underwriting Agreement and the performance by the Trust of its obligations and the exercise by the Trust of its rights thereunder; 
 (C) the receipt of the Notes and, in connection with an Exchange, Notice of Contingent Exchange Election or Remarketing, the receipt of
Qualifying Treasury Securities; 
 (D) the pledge of Notes and Qualifying Treasury Securities pursuant to the Collateral
Agreement; 
 (E) the receipt of the Preferred Stock on the Stock Purchase Date; 
 (F) the collection of interest, principal and any other payments or instruments (including due bills or promissory notes of the
Corporation issuable under or with respect to the Notes) made in respect of the Notes and the holding of such amounts in the Payment Account; 
 (G) the collection of the Contract Payments and any other payments or instruments (including due bills or promissory notes of the Sponsor issuable under the Stock Purchase Contract Agreement or with respect to the
Contract Payments) and the holding of such amounts in the Payment Account; 
 (H) the collection of payment of dividends,
redemption price and other payments made in respect of the Preferred Stock and the holding of such amounts in the Payment Account; 
 (I) the distribution through the Paying Agent of amounts or property or instruments (including due bills or promissory notes of the Corporation issuable under or with respect to the Notes or the Stock Purchase Contracts) distributable to
the Holders in respect of the Trust Securities; 
 (J) upon written notice of distribution issued by the Regular Trustees in
accordance with the terms of the Securities, engage in such ministerial activities as shall be necessary or appropriate to effect the distribution of the Notes to Holders of Trust Securities upon the occurrence of certain Special Events or other
specified circumstances pursuant to the terms of the Securities; 
 (K) the exercise of all of the rights, powers and
privileges of a holder of the Notes for so long as the Trust holds Notes, subject to Articles V and VI of this Declaration; 
 (L) the exercise of all of the rights, powers and privileges of a holder of Preferred Stock for so long as the Trust holds Preferred Stock, subject to Articles V and VI of this Declaration; 
  

 21 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (M) the sending of notices of default and other information regarding the Trust
Securities, the Notes, the Preferred Stock and the Transaction Agreements to the Holders in accordance with this Declaration; 
 (N) the distribution of the Trust Property in accordance with the terms of this Declaration; 
 (O) 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; and 
 (P) after an Event of Default (other than under paragraph (b), (c), (d) or (e) of the definition of such term if such Event
of Default is by or with respect to the Property Trustee), the taking of any action incidental to the foregoing as the Property Trustee may from time to time determine is necessary or advisable to give effect to the terms of this Declaration and to
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). 
 Except as otherwise provided in this Section 2.7(a)(ii), the Property Trustee shall have none of the duties, liabilities, powers or the authority of the Regular Trustees set forth in Section 2.7(a)(i).

 (b) So long as this Declaration remains in effect, the Trust (or the Trustees acting on behalf of the Trust) shall not undertake any
business, activities or transactions except as expressly provided herein or contemplated hereby. In particular, the Trustees (acting on behalf of the Trust) shall not (i) acquire any investments or engage in any activities not authorized by
this Declaration, (ii) sell, assign, transfer, exchange, mortgage, pledge, set-off or otherwise dispose of any of the Trust Property or interests therein, including to Holders, except as expressly provided herein, (iii) take any action
that would cause the Trust to become taxable as a corporation or classified as a partnership for U.S. federal income tax purposes, (iv) incur any indebtedness for borrowed money or issue any other debt, (v) take or consent to any
action that would result in the placement of a Lien on any of the Trust Property, except as expressly provided herein, (vi) apply any of the Trust Property or its proceeds other than as provided herein, (vii) acquire any assets other than
the Trust Property, (viii) possess any power or otherwise act in such a way as to vary the Trust Property, except as expressly provided herein, (ix) possess any power or otherwise act in such a way as to vary the terms of the Trust
Securities in any way whatsoever (except to the extent expressly authorized in this Declaration or by the terms of the Trust Securities) or (x) issue any securities or other evidences of beneficial ownership of, or beneficial interest in, the
Trust other than the Trust Securities. The Property Trustee shall 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 (other than the Lien created by the Collateral Agreement, which is a permitted Lien). 
 (c) In connection with the issuance and sale
of the Preferred HITS, the Sponsor shall have the right and, if the Sponsor shall desire that the actions be taken, the 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
preparation and filing by the Trust with the Commission of and the execution on behalf of the Trust of a registration statement on the appropriate form in relation to the HITS, including any amendments thereto; 
  

 22 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (ii) the determination of the states in which to take appropriate action to qualify or register for sale
all or part of the HITS and the determination of any and all such acts, other than actions that must be taken by or on behalf of the Trust, and the advice to the Trust 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; 
 (iii) the preparation for filing by the Trust and execution on behalf of the Trust of an application to the New York Stock Exchange or any other national
stock exchange or the Nasdaq National Market or any other automated quotation system for listing upon notice of issuance of any HITS and filing with such exchange or self-regulatory organization such notification and documents as may be necessary
from time to time to maintain such listing; 
 (iv) the negotiation of the terms of, and the execution and delivery of, the Underwriting
Agreement providing for the sale of the Preferred HITS; and 
 (v) 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 Regular Trustees are authorized and directed to conduct
the affairs of the Trust and to operate the Trust so that the Trust will not be deemed to be an “investment company” required to be registered under the Investment Company Act, and will not be taxable as a corporation or classified as a
partnership for U.S. federal income tax purposes. In this connection, the Sponsor and the Regular Trustees are authorized to take any action, not inconsistent with applicable law, the Certificate of Trust or this Declaration, that they
determine in their discretion to be necessary or desirable for such purposes, as long as such action does not adversely affect in any material respect the interests of the Holders of the Outstanding HITS. In no event shall the Sponsor or the
Trustees be liable to the Trust or the Holders for any failure to comply with this Section that results from a change in law or regulation or in the interpretation thereof. 
 Section 2.8 Assets of the Trust. 
 The assets of the Trust shall consist solely of
the Trust Property. 
 Section 2.9 Title to Trust Property. 
 Legal title to all Trust Property shall be vested at all times in the Property Trustee (in its capacity as such) and shall be held and administered by the
Property Trustee in trust for the benefit of the Trust and the Holders in accordance with this Declaration, subject to the terms and provisions of the Collateral Agreement. 
 ARTICLE III 
 PAYMENT ACCOUNT 
 Section 3.1 Payment Account. 
 (a)
On or prior to the Closing Date, the Property Trustee shall establish or cause to be established the Payment Account. The Property Trustee and its agents shall have exclusive control and sole right of withdrawal with respect to the Payment Account
for the purpose of making deposits in and withdrawals from the Payment Account in accordance with this Declaration. All monies and other 

  

 23 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 
property deposited or held from time to time in the Payment Account shall be held by the Property Trustee in the Payment Account for the exclusive benefit of
the Holders and for distribution as herein provided, including (and subject to) any priority of payments provided for herein. 
 (b) The
Property Trustee shall deposit or cause to be deposited in the Payment Account, promptly upon receipt, (i) all payments of principal of or interest on, and any other payments or proceeds with respect to, the Notes, (ii) all Contract
Payments, (iii) all Excess Proceeds Distributions, (iv) all Treasury HITS Treasury Roll Over Amounts, (v) all payments of dividends or redemption price on, and other payments or proceeds with respect to, the Preferred Stock or the
Stock Purchase Contracts and (vi) all other cash amounts received as payments on or with respect to the Trust Property. Amounts held in the Payment Account shall not be invested by the Property Trustee pending distribution thereof. 

ARTICLE IV 
 DISTRIBUTIONS; REDEMPTION, ETC. 
 Section 4.1 Distributions.

 (a) The Trust Securities represent beneficial interests in the Trust, and Distributions will be made on the Trust Securities of a Class
on applicable Distribution Dates in amounts that correspond to amounts of interest, dividends or Contract Payments, as applicable (and (i) in the case of the Preferred HITS, Corporate HITS and Common Securities and Deferred Note Interest
Amounts, and (ii) in the case of the Preferred HITS, Treasury HITS and Common Securities, Deferred Contract Payment Amounts) that are received by the Property Trustee or the Paying Agent on or in connection with each applicable Distribution
Date on the Trust Property that is the Corresponding Assets for such Class, as provided in Sections 4.1(b), (c) and (d). 
 (b) In
the case of the Preferred HITS and the Common Securities, subject to Section 4.1(e): 
 (i) Distributions will be payable in cash on each
Regular Distribution Date; 
 (ii) the Distributions payable on each Regular Distribution Date for the related Distribution Period will be at
a rate per annum applied to the Liquidation Amount per Preferred HITS and Common Security equal to the Preferred HITS Distribution Rate for such Distribution Period (with the consequence that the amount of the Distribution for each $1,000 of
Preferred HITS or Common Securities payable on each Regular Distribution Date being equal to (x) the sum of the amount of interest payable on such Regular Distribution Date on a Like Amount of Notes (without giving effect to any change in the
interest rate on the Notes in connection with a Remarketing) plus 1/100th of the Contract Payment payable on a Stock Purchase Contract having a stated amount of $100,000 for each Distribution Period ending on or before the Stock Purchase Date and
(y) the amount of dividends payable on such Regular Distribution Date on a Like Amount of Preferred Stock for each Distribution Period thereafter; and 
 (iii) Distributions shall be cumulative for each Regular Distribution Date to and including the Stock Purchase Date (because the Corresponding Assets to such date include Notes or Pledged Securities in a Like Amount)
and non-cumulative thereafter (because the Corresponding Assets thereafter are the Preferred Stock). 
 (c) In the case of Corporate HITS,
subject to Section 4.1(e): 
 (i) Distributions will be payable in cash on each Corporate HITS Distribution Date; 
  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 (ii) the Distributions payable on each Corporate HITS Distribution Date for the related Distribution
Period will be at a rate per annum applied to the Liquidation Amount per Corporate HITS equal to the Corporate HITS Distribution Rate for such Distribution Period, with the consequence that the amount of the Distribution for each $1,000 of Corporate
HITS payable on each Corporate HITS Distribution Date is equal to the amount of interest payable on or accrued to (as applicable) such Distribution Date on a Like Amount of Notes; and 
 (iii) Distributions shall be cumulative. 
 (d) In the case of Treasury HITS, subject to Section 4.1(e) 
 (i) Distributions will be payable in cash on each Regular
Distribution Date; 
 (ii) the Distributions payable on each Regular Distribution Date for the related Distribution Period will be at a rate
per annum applied to the Liquidation Amount per Treasury HITS equal to 1/100th of the Contract Payment payable on a Stock Purchase Contract having a stated amount of $100,000 on such Treasury HITS Distribution Date (expressed as a percentage);

 (iii) Distributions shall be cumulative; and 
 (iv) additionally, on each Additional Distribution Date on which Treasury HITS are Outstanding (or as promptly thereafter as the Collateral Agent and the Paying Agent determine to be practicable), the Property Trustee
shall distribute or cause to be distributed through the Paying Agent an amount per $1,000 of Treasury HITS equal to, the Treasury HITS Treasury Roll-Over Amount for such Additional Distribution Date. 
 (e) Distributions on the Trust Securities of a Class shall be made by the Paying Agent from the Payment Account and shall be payable on each Distribution
Date only to the extent that the Trust has funds then on hand and available in the Payment Account from the Corresponding Assets of such Class for the payment of such Distributions. The Trust will have amounts to make full Distributions on the
relevant Classes of Trust Securities in accordance with Sections 4.1(b), (c) and (d) on an applicable Distribution Date only if the Corporation has not (i) defaulted in paying interest on the Notes or Contract Payments on the
Stock Purchase Contracts or (ii) exercised its right to defer payment of interest on the Notes and Contract Payments on the Stock Purchase Contracts and, accordingly, there is no outstanding Deferred Note Interest Amount or Deferred Contract
Payment Amount. Deferred Note Interest Amounts and Deferred Contract Payment Amounts will be paid to Holders of the relevant Classes of Trust Securities on a pro rata basis on the applicable Distribution Dates on which such amounts are
received by the Trust (or as soon thereafter as the Property Trustee determines to be practicable). 
 (f) In the event the Property Trustee
or the Paying Agent receives any other cash or non-cash payments or distributions with respect to Corresponding Assets for any Class of HITS (including promissory notes of the Corporation delivered pursuant to (i) Section 2.7(c) of the
Stock Purchase Contract Agreement if there are any Deferred Contract Payment Amounts outstanding on the Stock Purchase Date or (ii) Sections 2.7(f) and 2.7(g) of the Thirteenth Supplemental Indenture if there are any Deferred Note Interest
Amounts outstanding on the Stock Purchase Date), the Property Trustee shall distribute or cause to be distributed through the Paying Agent such cash amounts to the Holders of the related Classes of HITS on a pro rata basis promptly after
receipt and may, in its discretion, distribute non-cash amounts on a pro rata basis (or on a basis that is as close as possible to a pro rata basis as it determines to be reasonably practicable). 
  

 25 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (g) Distributions in cash on the Trust Securities of a Class with respect to an applicable Distribution
Date shall be payable to the Holders thereof as they appear on the Securities Register for the Trust Securities at the close of business on the relevant record date for such Distribution Date, which shall be the last day of the month immediately
preceding the month in which the relevant Distribution Date falls. Distributions payable on any Trust Securities of a Class that are not punctually paid on an applicable Distribution Date will cease to be payable to the Person in whose name such
Trust Securities are registered on the relevant record date, and such defaulted Distribution will instead be payable to the Person in whose name such Trust Securities are registered on the special record date or other specified date for determining
Holders entitled to such defaulted Distributions. 
 Section 4.2 Redemption. 
 (a) Mandatory redemption of Preferred HITS upon redemption of Preferred Stock. On the maturity of the Notes or each Preferred Stock Redemption Date, the
Trust will be required to redeem a Like Amount of Preferred HITS and Common Securities at the redemption price for the Preferred Stock (it being understood and agreed that, because (i) the Preferred Stock will not become Trust Property until
the Stock Purchase Date, and (ii) on the Stock Purchase Date, subject to Section 4.8, each $1,000 Liquidation Amount of Treasury HITS will automatically become $1,000 Liquidation Amount of Preferred HITS, without any action by or on behalf
of Holders being necessary, no redemption of Preferred HITS, Treasury HITS or Common Securities will occur prior to the Stock Purchase Date). 
 (b) Mandatory redemption of Corporate HITS. On each Note Redemption Date, the Trust will be required to redeem a Like Amount of Corporate HITS at the Note Redemption Price (it being understood and agreed that, because (i) the Notes by
their terms, except in the case of a Special Event, are not redeemable prior to March 15, 2017, (ii) the Trust is required to redeem the Corporate HITS in kind after the Stock Purchase Date pursuant to Section 4.2(c) if there is a
Successful Remarketing, and (iii) the Sponsor has the right to cause the Trust to redeem the Corporate HITS in kind after the Stock Purchase Date pursuant to Section 4.2 if there is a Failed Remarketing or if the Stock Purchase Contracts
terminate, a redemption of Corporate HITS other than in kind pursuant to such Section 4.2(c) will only occur after March 15, 2017 and only if there is a Failed Remarketing and the Sponsor does not exercise its right to cause the Trust to
redeem the Corporate HITS in kind). 
 (c) Redemption in connection with a Remarketing. If a Successful Remarketing occurs, then promptly
after the Remarketing Settlement Date the Trust shall redeem the Corporate HITS, in whole but not in part, in kind by exchanging for each Corporate HITS a Like Amount of Notes. If a Failed Remarketing occurs but on the Stock Purchase Date there is
no Deferred Note Interest Amount outstanding, then promptly after the Stock Purchase Date the Trust shall redeem the Corporate HITS, in whole but not in part, in kind by exchanging for each Corporate HITS a Like Amount of Notes. If a Failed
Remarketing occurs and there is a Deferred Note Interest Amount outstanding on the Stock Purchase Date, or if the Stock Purchase Contracts terminate in accordance with the terms of the Stock Purchase Contract Agreement prior to a Stock Purchase Date
occurring, then the Sponsor may instruct the Trust at any time thereafter when no Deferred Note Interest Amount is outstanding to redeem the Corporate HITS, in whole but not in part, in kind by exchanging for each Corporate HITS a Like Amount of
Notes. Any such redemption will be effected by Book-Entry Transfer of Notes in global form if the Notes then settle and clear through the Clearing Agency, and if the Notes do not then settle and clear through the Clearing Agency by delivery of
definitive certificates evidencing the Notes to the Holders of Corporate HITS. 
  

 26 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (d) Redemption in Connection with a Special Event. At any time within 90 days after a Tax Event, Capital
Treatment Event or an Investment Company Event, the Corporation shall have the right to redeem, in whole but not in part, the Notes at the Note Redemption Price. 
 (e) Notice of redemption. Notice of redemption shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not less than 15 nor more than 60 days prior to the Redemption Date to each Holder of
Trust Securities to be redeemed, at such Holder’s address appearing in the Security Register. All notices of redemption shall state: 
 (i) the Redemption Date; 
 (ii) unless the redemption is a redemption of Corporate HITS in kind pursuant to Section 4.2(c),
the Redemption Price or if the Redemption Price cannot be calculated prior to the time the notice is required to be sent, the estimate of the Redemption Price together with a statement that it is an estimate and that the actual Redemption Price will
be calculated on the third Business Day prior to the Redemption Date (and if an estimate is provided, a further notice shall be sent of the actual Redemption Price on the date that such Redemption Price is calculated); 
 (iii) the CUSIP number or CUSIP numbers of the HITS affected; 
 (iv) if less than all the Outstanding Trust Securities are to be redeemed, the identification and the aggregate Liquidation Amount of the particular Trust Securities of the relevant Class to be redeemed; 

(v) that on the Redemption Date the Redemption Price will become due and payable upon each such Trust Security to be redeemed and that Distributions
thereon will cease to accumulate on and after said date, except as provided in Section 4.2(e)(ii) below; and 
 (vi) if the HITS
Certificates are not Book-Entry HITS Certificates on the Redemption Date, the place or places where the HITS Certificates are to be surrendered for the payment of the Redemption Price. 
 (f) Redemption Price. In the case of a redemption of Preferred HITS and Common Securities pursuant to Section 4.2(a) or Corporate HITS pursuant to
Section 4.2(b), in each case for payment of a cash Redemption Price: 
 (i) The Trust Securities redeemed on each Redemption Date shall
be redeemed at the Redemption Price with the proceeds from the contemporaneous redemption of a Like Amount of Preferred Stock or Notes, as applicable. Redemptions of the Trust Securities shall be made and the Redemption Price shall be payable on
each Redemption Date only to the extent that the Trust has funds then on hand and available in the Payment Account from the Corporation’s redemption of Preferred Stock or Notes, as applicable, for the payment of such Redemption Price.

 (ii) If the Property Trustee gives a notice of redemption in respect of any HITS, then, by 12:00 noon, New York City time, on the
Redemption Date, subject to Section 4.2(c), the Property Trustee will, with respect to Book-Entry HITS, irrevocably deposit with the Clearing Agency for such Book-Entry HITS, to the extent available therefor, funds sufficient to pay the
applicable Redemption Price and will give such Clearing Agency irrevocable instructions and authority to pay the Redemption Price to the Holders of the HITS. With respect to HITS that are not Book-Entry HITS, the Property Trustee, subject to
Section 4.2(e)(i), will irrevocably deposit with the Paying Agent, to the extent available therefor, funds sufficient to pay the applicable Redemption Price and will give the Paying Agent 

  

 27 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 
irrevocable instructions and authority to pay the Redemption Price to the Holders of the HITS upon surrender of their HITS Certificates. Notwithstanding the
foregoing, Distributions payable on or prior to the Redemption Date for any Trust Securities called for redemption shall be payable to the Holders of such Trust Securities as they appear on the Securities Register for the Trust Securities on the
relevant record dates for the related Distribution Dates. If notice of redemption shall have been given and funds deposited as required, then upon the date of such deposit, all rights of Holders holding Trust Securities so called for redemption will
cease, except the right of such Holders to receive the Redemption Price and any Distribution payable in respect of the Trust Securities on or prior to the Redemption Date, but without interest, and such Trust Securities will cease to be outstanding.
In the event that payment of the Redemption Price in respect of any Trust Securities called for redemption is improperly withheld or refused and not paid either by the Trust or by the Sponsor pursuant to the Guarantee Agreements, Distributions on
such Trust Securities will continue to accumulate, as set forth in Section 4.1, from the Redemption Date originally established by the Trust for such Trust Securities to the date such Redemption Price is actually paid, in which case the actual
payment date will be the date fixed for redemption for purposes of calculating the Redemption Price. 
 (iii) Subject to Section 4.3(a),
if less than all the Outstanding Preferred HITS and Common Securities are to be redeemed on a Redemption Date, then the aggregate Liquidation Amount of Preferred HITS and Common Securities to be redeemed shall be allocated pro rata to
the Common Securities and the Preferred HITS being redeemed based upon the relative Liquidation Amounts of such classes. The particular Preferred HITS to be redeemed shall be selected on a pro rata basis based upon their respective
Liquidation Amounts not more than 60 days prior to the Redemption Date by the Property Trustee from the Outstanding Preferred HITS not previously called for redemption by any method the Property Trustee deems fair and appropriate, provided
that so long as the Preferred HITS are in book-entry form, such selection shall be made in accordance with the customary procedures for the Clearing Agency for the Preferred HITS. The Property Trustee shall promptly notify the Securities
Registrar in writing of the Preferred HITS selected for redemption and, in the case of any Preferred HITS selected for partial redemption, the Liquidation Amount thereof to be redeemed. For all purposes of this Declaration, unless the context
otherwise requires, all provisions relating to the redemption of Preferred HITS shall relate, in the case of any Preferred HITS redeemed or to be redeemed only in part, to the portion of the aggregate Liquidation Amount of Preferred HITS that has
been or is to be redeemed. 
 (iv) If less than all the Outstanding Corporate HITS are to be redeemed on a Redemption Date, then the
particular Corporate HITS to be redeemed shall be selected on a pro rata basis based upon their respective Liquidation Amounts not more than 60 days prior to the Redemption Date by the Property Trustee from the Outstanding Corporate HITS
not previously called for redemption by any method the Property Trustee deems fair and appropriate, provided that so long as the Corporate HITS are in book-entry form, such selection shall be made in accordance with the customary procedures
for the Clearing Agency for the Corporate HITS. The Property Trustee shall promptly notify the Securities Registrar in writing of the Corporate HITS selected for redemption and, in the case of any Corporate HITS selected for partial redemption, the
Liquidation Amount thereof to be redeemed. For all purposes of this Declaration, unless the context otherwise requires, all provisions relating to the redemption of Corporate HITS shall relate, in the case of any Corporate HITS redeemed or to be
redeemed only in part, to the portion of the aggregate Liquidation Amount of Corporate HITS that has been or is to be redeemed. 
 Section 4.3
Subordination of Common Securities. 
 (a) If on any Distribution Date the Paying Agent lacks funds available from payments
of interest, dividends or Contract Payments (as applicable) to make full Distributions then due on all of the outstanding Trust Securities in accordance with Section 4.1 (other than because of the Sponsor’s proper 

  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 
exercise of its right to (i) defer payment of Contract Payments, resulting in Deferred Contract Payment Amounts, or (ii) defer payment of interest
on the Notes, resulting in Deferred Note Interest Amounts), then: 
 (i) if the deficiency in funds results from the Sponsor’s failure to
make a full payment of interest on the Notes on an interest payment date for the Notes, then the available funds from the Sponsor’s payment of interest on the Notes shall be applied first to make the Distributions then due on the Preferred HITS
and the Corporate HITS on a pro rata basis on such Distribution Date up to the amount of such Distributions corresponding to interest payments on the Notes (or, if less, the amount of the corresponding Distributions that would have been
made on the Preferred HITS and Corporate HITS had the Sponsor made a full payment of interest on the Notes) before any such amount is applied to make a Distribution on Common Securities on such Distribution Date; 
 (ii) if the deficiency in funds results from the Sponsor’s failure to make a full payment of Contract Payments on the Stock Purchase Contracts on a
payment date for Contract Payments, then the available funds from the Sponsor’s payment of Contract Payments shall be applied first to make Distributions then due on the Preferred HITS and the Treasury HITS on a pro rata basis on
such Distribution Date up to the amount of such Distributions corresponding to the Contract Payments on the Stock Purchase Contracts (or, if less, the amount of the corresponding Distributions that would have been made on the Preferred HITS and the
Treasury HITS had the Sponsor made a full payment of Contract Payments on the Stock Purchase Contracts) before any such amount is applied to make a Distribution on Common Securities on such Distribution Date; and 
 (iii) if the deficiency in funds results from the Sponsor’s failure to pay a full dividend on shares of Preferred Stock on a dividend payment date
for the Preferred Stock, then the available funds from the Sponsor’s payment of dividends on the Preferred Stock shall be applied first to make Distributions then due on the Preferred HITS on a pro rata basis on such Distribution
Date up to the amount of such Distributions corresponding to dividends on the Preferred Stock (or, if less, the amount of the corresponding Distributions that would have been made on the Preferred HITS and the Treasury HITS, if any, had the Sponsor
paid a full dividend on the Preferred Stock) before any such amount is applied to make a Distribution on Common Securities on such Distribution Date. 
 (b) If on any Redemption Date for a redemption pursuant to Section 4.2(a) the Paying Agent lacks funds available from the Sponsor’s redemption of shares of Preferred Stock to pay the full Redemption Price
then due on all of the outstanding Trust Securities to be redeemed in accordance with Section 4.2, then (i) the available funds shall be applied first to pay the Redemption Price on the HITS to be redeemed on such Redemption Date and
(ii) Common Securities shall be redeemed only to the extent funds are available for such purpose after the payment of the full Redemption Price on the HITS to be redeemed, as aforesaid. 
 (c) If an Early Dissolution Event occurs, no Liquidation Distributions shall be made on the Common Securities until full Liquidation Distributions have
been made on each Class of HITS in accordance with Section 9.4(d). 
 (d) In the case of the occurrence of any Event of Default
resulting from any Note Event of Default or Preferred Stock Default, the Holders of the Common Securities shall have no right to act with respect to any such Event of Default under this Declaration until the effect of all such Events of Default with
respect to the HITS have been cured, waived or otherwise eliminated. Until all such Events of Default under this Declaration with respect to the HITS have been so cured, waived or otherwise eliminated, the Property Trustee shall act solely on behalf
of the Holders of the HITS and not on behalf of the Holders of the Common Securities, and only the Holders of the HITS will have the right to direct the Property Trustee to act on their behalf. 
  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 4.4 Payment Procedures. 
 Payments of cash Distributions in respect of the HITS shall, subject to the next succeeding sentence, be made by check mailed to the address of the Person
entitled thereto as such address shall appear on the Securities Register or, if the HITS are held by a Clearing Agency, such Distributions shall be made to the Clearing Agency by wire transfer of immediately available funds. A Holder of $1,000,000
or more in aggregate Liquidation Amount of HITS may receive payments of cash Distributions by wire transfer of immediately available funds upon written request to the Property Trustee not later than the •th calendar day, whether or not a
Business Day, before the relevant Distribution Date. Payments in respect of the Common Securities shall be made in such manner as shall be mutually agreed between the Property Trustee, the Paying Agent and the Holders of the Common Securities.

 Section 4.5 Tax Returns and Reports. 
 The Regular Trustees shall prepare (or cause to be prepared), at the Sponsor’s expense, and file all U.S. federal, state and local tax and information returns and reports required by the Declaration to be
filed by or in respect of the Trust. In this regard, the Regular Trustees shall (a) prepare and file (or cause to be prepared and filed) all Internal Revenue Service forms required to be filed in respect of the Trust in each taxable year of the
Trust, and (b) prepare and furnish (or cause to be prepared and furnished) to each Holder all Internal Revenue Service forms required to be provided by the Trust. The Regular Trustees shall provide the Sponsor and the Property Trustee with a
copy of all such returns and reports promptly after such filing or furnishing. The Trustees shall comply with U.S. federal withholding and backup withholding tax laws and information reporting requirements with respect to any payments to
Holders under the Trust Securities. 
 Section 4.6 Payment of Expenses of the Trust. 
 The Sponsor shall pay to the Trust, and reimburse the Trust for, the full amount of any costs, expenses or liabilities of the Trust (other than
obligations of the Trust to pay the Holders of any HITS or other similar interests in the Trust the amounts due such Holders pursuant to the terms of the HITS or such other similar interests, as the case may be), including, without limitation, any
taxes, duties or other governmental charges of whatever nature (other than withholding taxes) imposed on the Trust by the United States or any other taxing authority. Such payment obligation includes any such costs, expenses or liabilities of the
Trust that are required by applicable law to be satisfied in connection with a dissolution of the Trust. 
 Section 4.7 Payments under
Indenture or Pursuant to Direct Actions. 
 Any amount payable hereunder to any Holder of HITS (or any Owner with respect thereto)
shall be reduced by the amount of any corresponding payment such Holder (or Owner) has directly received pursuant to Section 13.13 of the Base Indenture, Section 3.1 of the Stock Purchase Contract Agreement or Section 5.16 of this
Declaration. 
 Section 4.8 Combination of Treasury HITS and Preferred HITS after Stock Purchase Date. 
 If either (x) there has been a Successful Remarketing or (y) there has been a Failed Remarketing but on the Stock Purchase Date there is no
Deferred Note Interest Amount outstanding (but in the case of 

  

 30 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 
each of clause (x) and (y) only if the Stock Purchase Contract Agreement is fully performed on the Stock Purchase Date), at the Securities
Registrar’s opening of business on the Business Day next succeeding the Stock Purchase Date each Treasury HITS with its $1,000 Liquidation Amount shall automatically be and become a Preferred HITS with a $1,000 Liquidation Amount, and each
Treasury HITS Certificate (whether or not a Book-Entry HITS Certificate) shall be deemed to represent a number of Preferred HITS equal to the number of Treasury HITS represented by such Treasury HITS Certificate immediately prior to the Securities
Registrar’s opening of business on such date. If there has been a Failed Remarketing and on the Stock Purchase Date there is a Deferred Note Interest Amount outstanding, then Treasury HITS will continue to remain outstanding after the Stock
Purchase Date until the first date on which no Deferred Note Interest Amount is outstanding (including because any notes delivered pursuant to Sections [2.7(f) and (g)] of the Thirteenth Supplemental Indenture have been fully paid) and, on the
Business Day after all Deferred Note Interest Amounts have been fully paid, each Treasury HITS with its $1,000 Liquidation Amount shall automatically be and become a Preferred HITS with a $1,000 Liquidation Amount, and each Treasury HITS Certificate
(whether or not a Book-Entry HITS Certificate) shall be deemed to represent a number of Preferred HITS equal to the number of Treasury HITS represented by such Treasury HITS Certificate immediately prior to the Securities Registrar’s opening of
business on such date. On or after such date as determined by this Declaration pursuant to either of the two preceding sentences, (a) upon surrender by a Holder of a Treasury HITS Certificate to the Securities Registrar, a Regular Trustee shall
execute and deliver to the Securities Registrar (who shall then deliver to such Holder) a Preferred HITS Certificate representing the appropriate number of Preferred HITS, and the Securities Registrar shall enter such Holder as appropriate in the
Securities Register for the Preferred HITS, and (b) as to Preferred HITS and Treasury HITS represented by Book-Entry HITS, the Sponsor, the Regular Trustees, the Property Trustee, the Securities Registrar and the Paying Agent shall cooperate in
an effort to cause the Treasury HITS to become Preferred HITS in accordance with the rules and procedures of the applicable Clearing Agency (including, in the case of DTC if it is the Clearing Agency, adjustment if necessary or appropriate through
DTC’s Deposit/Withdrawal at Custodian DWAC system). 
 ARTICLE V 
 TRUST SECURITIES CERTIFICATES 
 Section 5.1
Initial Ownership. 
 Upon the formation of the Trust and the contribution by the Sponsor pursuant to Section 2.3 and
until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Sponsor shall be the sole beneficial owner of the Trust. 
 Section 5.2 The Trust Securities Certificates. 
 The HITS Certificates shall be
issued in minimum denominations of one HITS and integral multiples thereof (corresponding to $1,000 Liquidation Amount and integral multiples of $1,000 in excess thereof), and the Common Securities Certificates shall be issued in minimum
denominations of one Common Security and integral multiples thereof (corresponding to $1,000 Liquidation Amount and integral multiples thereof). HITS Certificates and Common Securities Certificates shall not be issued in denominations representing
fractions of a HITS or Common Security, as applicable. The Trust Securities Certificates shall be executed on behalf of the Trust by manual signature of at least one Regular Trustee. Trust Securities Certificates bearing the manual signatures of
individuals who were, at the time when such signatures shall have been affixed, Regular Trustees shall be validly issued and entitled to the benefits of this Declaration, notwithstanding that such individuals or any of them shall have ceased to be
Regular Trustees prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date 

  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 
of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights
and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s name pursuant to Section 5.4, 5.11 or 5.13. 
 Section 5.3 Execution and Delivery of Trust Securities Certificates. 
 At the Time of Delivery, a Regular Trustee shall cause Trust Securities Certificates representing the number of Trust Securities of the applicable Class
provided in Sections 2.4 and 2.5 to be executed on behalf of the Trust and delivered to or upon the written order of the Sponsor, such written order executed by one Authorized Officer thereof, without further corporate action by the Sponsor, in
authorized denominations. 
 Section 5.4 Registration of Transfer and Exchange of HITS Certificates. 
 The Regular Trustees shall keep or cause to be kept, at the office or agency maintained pursuant to Section 5.8, a register or registers for the
purpose of registering Trust Securities Certificates and transfers and exchanges of HITS Certificates (the “Securities Register”) in which the Securities Registrar, subject to such reasonable regulations as it may prescribe, shall
provide for the registration of HITS Certificates and Common Securities Certificates (subject to Section 5.10 in the case of the Common Securities Certificates) and registration of transfers and exchanges of HITS Certificates as herein
provided. The provisions of Sections 8.1 (other than (c), (d), (e)(i), (e)(iii) and (e)(vii) thereof), 8.3 (other than (g) and (j) thereof) and 8.6 shall apply to the Securities Registrar in the same manner that by their terms they
apply to the Property Trustee under the Collateral Agreement. The Regular Trustees shall take such action as shall be necessary to ensure that at all times there is a Securities Registrar and that, through the Stock Purchase Date, the same
commercial bank is both Securities Registrar and Collateral Agent. By executing this Declaration, the Regular Trustees appoint The Bank of New York Trust Company, N.A., as the initial Securities Registrar. Subject to the second preceding sentence,
the Regular Trustees may dismiss the Securities Registrar and appoint a commercial bank or trust company to act as successor Securities Registrar. Any Person acting as Securities Registrar shall be permitted to resign as Securities Registrar upon 30
days’ written notice to the Regular Trustees and the Property Trustee. 
 Upon surrender for registration of transfer of any HITS
Certificate at the office or agency maintained pursuant to Section 5.8, the Regular Trustees or any one of them shall execute on behalf of the Trust and deliver, in the name of the designated transferee or transferees, one or more new HITS
Certificates in authorized denominations of a like aggregate Liquidation Amount dated the date of execution by such Regular Trustee or Trustees. At the option of a Holder, HITS Certificates may be exchanged for other HITS Certificates in authorized
denominations of the same class and of a like aggregate Liquidation Amount upon surrender of the HITS Certificates to be exchanged at the office or agency maintained pursuant to Section 5.8. Neither the Trust nor the Securities Registrar shall
be required, pursuant to the provisions of this Section 5.4, (a) to register the transfer of or exchange any HITS during a period beginning at the opening of business 15 days before the day of selection for redemption of HITS and ending at
the close of business on the day of mailing of notice of redemption or (b) to transfer or exchange any HITS so selected for redemption in whole or in part, except, in the case of any HITS to be redeemed in part, any portion thereof not to be
redeemed. 
 Every HITS Certificate presented or surrendered for registration of transfer or exchange shall be accompanied by a written
instrument of transfer in form satisfactory to a Regular Trustee and the Securities Registrar duly executed by the Holder or his attorney duly authorized in writing. Each HITS Certificate surrendered for registration of transfer or exchange shall be
canceled and subsequently disposed of by a Regular Trustee or the Securities Registrar in accordance with such Person’s customary practice. 
  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 No service charge shall be made for any registration of transfer or exchange of HITS Certificates, but
the Securities Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of HITS Certificates. 
 Section 5.5 Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates. 
 If (a) any mutilated Trust Securities Certificate shall be surrendered to the Securities Registrar, or if the Securities Registrar shall receive
evidence to its satisfaction of the destruction, loss or theft of any Trust Securities Certificate, and (b) there shall be delivered to the Securities Registrar and the Regular Trustees such security or indemnity as may be required by them to
save each of them harmless, then in the absence of notice that such Trust Securities Certificate shall have been acquired by a protected purchaser, the Regular Trustees, or any one of them, on behalf of the Trust shall execute and make available for
delivery, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Trust Securities Certificate, a new Trust Securities Certificate of like class, tenor and denomination. In connection with the issuance of any new Trust Securities
Certificate under this Section 5.5, the Regular Trustees or the Securities Registrar 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 Trust
Securities Certificate issued pursuant to this Section shall constitute conclusive evidence of an undivided beneficial interest in the assets of the Trust corresponding to that evidenced by the lost, stolen or destroyed Trust Securities Certificate,
as if originally issued, whether or not the lost, stolen or destroyed Trust Securities Certificate shall be found at any time. 
 Section 5.6
Persons Deemed Holders. 
 The Trustees and the Securities Registrar shall each treat the Person in whose name any Trust Securities
Certificate shall be registered in the Securities Register as the owner of such Trust Securities Certificate for the purpose of receiving Distributions and for all other purposes whatsoever, and none of the Trustees, the Regular Trustees and the
Securities Registrar shall be bound by any notice to the contrary. 
 Section 5.7 List of Holders’ Names and Addresses.

 Each of the Sponsor and any one of the Regular Trustees will furnish or cause to be furnished to the Property Trustee: 
 (i) monthly, quarterly or semi-annually, as the case may be, not more than 15 days after each regular record date in each year, a list, in such form
as the Property Trustee may reasonably require, of the names and addresses of the Holders of Trust Securities as of such regular record date, and 
 (ii) at such other times as the Property Trustee may request in writing, within 30 days after the receipt by the Sponsor and the Regular Trustees of any such request, a list of similar form and content as of a date not more than 15 days
prior to the time such list is furnished, 
 excluding from any such list names and addresses received by the Property Trustee at any time that is
acting as Securities Registrar. 
 The Property Trustee shall preserve, in as current a form as is reasonably practicable, the names and
addresses of Holders contained in the most recent list furnished to the Property Trustee as provided in 

  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 
this Section 5.7 and the names and addresses of Holders received by the Property Trustee at any time that is acting as Securities Registrar. The
Property Trustee may destroy any list furnished to it as provided in Section 5.7 upon receipt of a new list so furnished. 
 The rights
of Holders to communicate with other Holders with respect to their rights under this Declaration or under the Trust Securities, and the corresponding rights and privileges of the Property Trustee, shall be as provided in the Trust Indenture Act.

 Each Holder and each Owner shall be deemed to have agreed not to hold the Sponsor, the Property Trustee, the Delaware Trustee, the Regular
Trustees or the Securities Registrar accountable by reason of the disclosure of its name and address, regardless of the source from which such information was derived. 
 Section 5.8 Maintenance of Office Agency. 
 The Regular Trustees shall designate an
office or offices or agency or agencies where HITS Certificates may be surrendered for registration of transfer or exchange and for payment, and where notices and demands to or upon the Trustees in respect of this Declaration and the Trust
Securities Certificates may be served. The Regular Trustees initially designate c/o The Bank of New York Trust Company, N.A., 101 Barclay Street, 8 West, New York, New York, Attention: Corporate Trust Administration, as their office and agency for
such purposes of surrendering for registration of transfer or exchange and for payment and designate c/o Bank of America Corporation, NC1-007-07-06, 100 North Tryon Street, Charlotte, North Carolina, 28255, Attention: Corporate Treasury, as their
office and agency for the purposes of serving such demands and notices. A Regular Trustee shall give prompt written notice to the Sponsor, the Property Trustees and to the Holders of any change in the location of the Securities Register or any such
office or agency. 
 Section 5.9 Appointment of Paying Agent. 
 The Paying Agent shall make Distributions to Holders from the Payment Account and shall report the amounts of such Distributions to the Property Trustee
and the Regular Trustees. Any Paying Agent shall have the revocable power to withdraw funds from the Payment Account solely for the purpose of making the Distributions referred to above. The Regular Trustees may revoke such power and remove the
Paying Agent in their sole discretion. The Paying Agent shall initially be The Bank of New York Trust Company, N.A. Any Person acting as Paying Agent shall be permitted to resign as Paying Agent upon 30 days’ written notice to the Regular
Trustees and the Property Trustee. If The Bank of New York Trust Company, N.A. shall no longer be the Paying Agent or a successor Paying Agent shall resign or its authority to act be revoked, the Regular Trustees shall appoint a successor (which
shall be a bank or trust company) that is reasonably acceptable to the Property Trustee and the Sponsor to act as Paying Agent. Such successor Paying Agent or any additional Paying Agent shall execute and deliver to the Trustees an instrument in
which such successor Paying Agent or additional Paying Agent shall agree with the Trustees that as Paying Agent, such successor Paying Agent or additional Paying Agent will hold all sums, if any, held by it for payment to the Holders in trust for
the benefit of the Holders entitled thereto until such sums shall be paid to such Holders. The Paying Agent shall return all unclaimed funds to the Property Trustee and upon removal of a Paying Agent such Paying Agent shall also return all funds in
its possession to the Property Trustee. The provisions of Sections 8.1 (other than (c), (d), (e)(i), (e)(iii) and (e)(vii) thereof), 8.3 (other than (g) and (j) thereof) and 8.6 shall apply also to the Paying Agent for so long as it
shall act as Paying Agent and, to the extent applicable, to any other paying agent appointed hereunder, in the same manner that by their terms they apply to the Property Trustee. Any reference in this Agreement to the Paying Agent shall include any
co-paying agent unless the context requires otherwise. 
  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 5.10 Ownership of Common Securities by Sponsor; Common Securities Certificate.

 (a) At the Time of Delivery, the Sponsor shall acquire beneficial and record ownership of the Common Securities. To the fullest extent
permitted by law, other than a transfer in connection with a consolidation or merger of the Sponsor into another Person, or any conveyance, transfer or lease by the Sponsor of its properties and assets substantially as an entirety to any Person
pursuant to Section 10.1 of the Base Indenture, any attempted transfer of the Common Securities other than to a direct or indirect subsidiary of the Sponsor shall be void. The Regular Trustees shall cause each Common Securities Certificate
issued to the Sponsor to contain a legend consistent with this Section 5.10. 
 (b) A single Common Securities Certificate representing
the Common Securities shall be issued to the Sponsor in the form of a definitive Common Securities Certificate. 
 Section 5.11
Book-Entry HITS Certificates. 
 (a) Except where Definitive HITS Certificates have been issued to Owners pursuant to
Section 5.15: 
 (i) the provisions of this Section 5.11(a) shall apply and be in full force and effect; 
 (ii) the Securities Registrar, the Paying Agent and the Trustees shall be entitled to deal with the Clearing Agency, or its nominee, for all purposes of
this Declaration relating to the Book-Entry HITS Certificates (including the payment of the Liquidation Amount of and Distributions on the HITS evidenced by Book-Entry HITS Certificates and the giving of instructions or directions to Owners of HITS
evidenced by Book-Entry HITS Certificates) as the sole Holder of HITS evidenced by Book-Entry HITS Certificates and shall have no obligations to the Owners thereof, and neither any Clearing Agency Participants nor any other Persons on whose behalf
Clearing Agency Participants may act shall have any rights under this Declaration with respect to any Book-Entry HITS Certificates registered in the name of the Clearing Agency or any nominee thereof or otherwise; 
 (iii) to the extent that the provisions of this Section 5.11 conflict with any other provisions of this Declaration, the provisions of this
Section 5.11 shall control; and 
 (iv) the rights of the Owners of the Book-Entry HITS Certificates shall be exercised only through the
Clearing Agency and shall be limited to those established by law and agreements between such Owners and the Clearing Agency and/or the Clearing Agency Participants. Unless and until Definitive HITS Certificates are issued pursuant to
Section 5.15, the initial Clearing Agency will make book-entry transfers among the Clearing Agency Participants and receive and transmit payments on the HITS to such Clearing Agency Participants. Notwithstanding the foregoing, (x) the
Holder of a Book-Entry HITS Certificate may grant proxies and otherwise authorize any Person, including the Clearing Agency Participants and other Persons that are Owners, to take any action that a Holder of HITS of the relevant Class is entitled to
take under this Declaration or the HITS of the relevant Class, and (y) nothing herein shall prevent the Securities Registrar or the Trustees from giving effect to any written certification, proxy or other authorization furnished by the Clearing
Agency or shall impair, as between the Clearing Agency and the Clearing Agency Participants, the operation of customary practices governing the exercise of the rights of an Owner of any HITS. 
 (b) Any Book-Entry HITS Certificate shall represent such number of the Outstanding HITS of the applicable Class as shall be specified therein and may
provide that it shall represent the aggregate number of Outstanding HITS of the applicable Class from time to time endorsed thereon and that the 

  

 35 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 
aggregate number of Outstanding HITS of the applicable Class represented thereby may from time to time be reduced or increased, as appropriate, to reflect
transfers, redemptions or exchanges (including the Exchanges pursuant to Section 5.13). Any endorsement of a Book-Entry HITS Certificate to reflect the number, or any increase or decrease in the number, of Outstanding HITS of the applicable
Class represented thereby shall be made by the Securities Registrar (i) in such a manner and upon instructions given by such Person or Persons as shall be specified in such HITS of the applicable Class or in a Sponsor order to be delivered to
the Securities Registrar pursuant to Section 5.3 or (ii) otherwise in accordance with written instructions or such other written form or instructions as is customary for the Clearing Agency for such HITS, from such Clearing Agency or its
nominee on behalf of any Person having a beneficial interest in such Book-Entry HITS Certificate. Subject to the provisions of Section 5.4, the Securities Registrar shall deliver and redeliver any Book-Entry HITS Certificate in the manner and
upon instructions given by the Person or Persons specified in such Book-Entry HITS Certificate or in the applicable Sponsor order (and a Regular Trustee shall execute such Book-Entry HITS Certificate as shall be necessary in order to give effect to
the foregoing). 
 (c) Any Book-Entry HITS Certificate may be deposited with the Clearing Agency or its nominee, or may remain in the custody
of the Certificate Custodian. 
 (d) Notwithstanding Section 5.4, transfers of a Book-Entry HITS Certificate shall be limited to
transfers in whole, but not in part, to the Clearing Agency, its successors or their respective nominees. Interests of Owners in a Book-Entry HITS Certificate may be transferred in accordance with the rules and procedures of the Clearing Agency.
Definitive HITS Certificates shall be transferred to Owners in exchange for their beneficial interests in a Book-Entry HITS Certificate if, and only if, either (1) the Clearing Agency notifies the Sponsor and the Securities Registrar that it is
unwilling or unable to continue as Clearing Agency for the Book-Entry HITS or if at any time the Clearing Agency ceases to be a Clearing Agency registered under the Exchange Act and, in either case, a successor Clearing Agency is not appointed by
the Sponsor within 90 days of such notice, (2) an Event of Default has occurred and is continuing and the Securities Registrar has received a request from the Clearing Agency to issue Definitive HITS Certificates of each Class in lieu of all or
a portion of the Book-Entry HITS (in which case a Regular Trustee shall execute and deliver Definitive HITS Certificates within 30 days of such request), or (3) the Sponsor determines not to have the HITS represented by the Book-Entry HITS
Certificates. 
 (e) In connection with any transfer of a portion of the beneficial interests in a Book-Entry HITS Certificate to Owners
pursuant to this Section 5.11, the Securities Registrar shall reflect on its books and records the date and a decrease in the number of Book-Entry HITS of the applicable Class in an amount equal to the number of such HITS of the applicable
Class to be transferred, and a Regular Trustee shall execute and deliver one or more Definitive HITS Certificates of the same Class representing the appropriate number of HITS of such Class. 
 (f) In connection with the transfer of all the beneficial interests in a Book-Entry HITS Certificate to Owners pursuant to this Section 5.11, the
Book-Entry HITS Certificates shall be deemed to be surrendered to the Securities Registrar for cancellation, and a Regular Trustee shall execute and deliver to each Owner identified by the Clearing Agency in exchange for its beneficial interest in
the Book-Entry HITS Certificate being cancelled, a Definitive HITS Certificate representing an equal number of HITS of the applicable Class. 
 (g) None of the Trustees, the Securities Registrar, the Paying Agent or the Sponsor will have any responsibility or liability for any acts or omissions of any Clearing Agency with respect to any Book-Entry HITS, or any aspect of the records
relating to, or payments made on account of, HITS by the 

  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 
Clearing Agency, or for maintaining, supervising or reviewing any records of the Clearing Agency relating to the HITS, or for any transactions between or
among a Clearing Agency and a Clearing Agency Participant and/or an Owner of a beneficial interest in any Book-Entry HITS for transfers of beneficial interests in any Book-Entry HITS. None of the Trustees, the Securities Registrar, the Paying Agent
or the Sponsor shall be liable for any delay by the Clearing Agency in identifying Owners, and each such Person may conclusively rely on, and shall be protected in relying on, instructions from the Clearing Agency for all purposes (including with
respect to the registration and delivery, in the respective amounts, of Definitive HITS Certificates to be issued). 
 Section 5.12
Notices to Clearing Agency. 
 To the extent that a notice or other communication to the Holders is required under this
Declaration, for so long as HITS are represented by Book-Entry HITS Certificates, the Regular Trustees shall give all such notices and communications specified herein to be given to the Clearing Agency, and shall have no obligations to the Owners.

 Section 5.13 Exchanges. 
 (a) This Section 5.13 provides for the procedures pursuant to which Holders: 
 (i) of Preferred HITS may exchange Preferred
HITS and Qualifying Treasury Securities for Treasury HITS and Corporate HITS; and 
 (ii) of Treasury HITS and Corporate HITS may exchange
Treasury HITS and Corporate HITS for Preferred HITS and Qualifying Treasury Securities, 
 (each, an “Exchange”, and the terms
“Exchanged”, “Exchanging” and “Exchanges” having correlative meanings). All deposits, deliveries or transfers by a Holder pursuant to this Section 5.13 of Preferred HITS, Corporate HITS and
Qualifying Treasury Securities shall be made by Book-Entry Transfer unless the recipient of such deposit, delivery or transfer expressly agrees otherwise in writing. A Holder who elects to an Exchange pursuant to this Section 5.13 shall be
responsible for any fees or expenses associated therewith. 
 (b) Subject to the conditions set forth in this Declaration, during any
Exchange Period a Holder of Preferred HITS may effect an Exchange of Preferred HITS and Qualifying Treasury Securities having a principal amount equal to the Liquidation Amount of such Preferred HITS for Treasury HITS and Corporate HITS, each having
a Liquidation Amount equal to the Liquidation Amount of such Preferred HITS, by: 
 (i) depositing with the Collateral Agent the treasury
security that is the Qualifying Treasury Security on the date of deposit, in the principal amount of $1,000 for each Preferred HITS being Exchanged; 
 (ii) transferring the Preferred HITS being Exchanged to the Securities Registrar; and 
 (iii) delivering to
the Collateral Agent and the Securities Registrar, together with the deposit of Qualifying Treasury Securities deposited pursuant to clause (i) and the transfer of Preferred HITS pursuant to clause (ii), a duly executed and completed
“Splitting Notice and Request” in the form printed on the reverse side of the form of Preferred HITS Certificate (x) stating that the Holder is depositing the appropriate Qualifying Treasury Securities with the Collateral Agent
for deposit in the Collateral Account, (y) stating that the Holder is transferring the related Preferred HITS to the Securities 

  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 
Registrar in connection with an Exchange of such Preferred HITS and Qualifying Treasury Securities for a Like Amount of Treasury HITS and Corporate HITS, and
(z) requesting the delivery to the Holder of such Treasury HITS and Corporate HITS. 
 (c) Upon the deposit and transfer pursuant to
Section 5.13(b) and receipt of the notice and request referred to in Section 5.13(b)(iii): 
 (i) the Collateral Agent will release
Pledged Notes of a Like Amount from the Pledge, transfer such Pledged Notes to the Custody Account free and clear of the Sponsor’s security interest therein, and confirm to the Property Trustee in writing that such release and transfer has
occurred; 
 (ii) the Collateral Agent shall continue to hold such Notes in the Custody Account as Custodial Agent for the Trust in
connection with Corporate HITS for which such Notes are Corresponding Assets; and 
 (iii) the Securities Registrar, pursuant to the
procedures provided for in Section 5.11 dealing with increasing and decreasing the number of HITS evidenced by Book-Entry HITS Certificates, shall cancel the number of Preferred HITS transferred pursuant to Section 5.13(b)(ii) and deliver
a Like Amount of Treasury HITS and Corporate HITS to the Holder, all by making appropriate notations on the Book-Entry HITS Certificates of the appropriate Class. 
 (d) Subject to the conditions set forth in this Declaration, during any Exchange Period a Holder of Treasury HITS and Corporate HITS may effect an Exchange of Treasury HITS and Corporate HITS for Preferred HITS and
Pledged Treasury Securities having a principal amount equal to the Liquidation Amount of each of the Treasury HITS and Corporate HITS being Exchanged, by: 
 (i) transferring the Treasury HITS and the Corporate HITS being Exchanged to the Securities Registrar; and 
 (ii) delivering to the Securities Registrar, together with the transfer of Treasury HITS and Corporate HITS pursuant to clause (i), and concurrently delivering to the Collateral Agent a duly executed and completed
“Recombination Notice and Request” in the form printed on the reverse side of the form of Corporate HITS Certificate and Treasury HITS Certificate, (x) stating that the Holder is transferring the related Treasury HITS and
Corporate HITS to the Securities Registrar in connection with the Exchange of such Treasury HITS and Corporate HITS for a Like Amount of each of Preferred HITS and Qualifying Treasury Securities, (y) requesting the Collateral Agent to release
from the Pledge and deliver to the Holder Qualifying Treasury Securities in a principal amount equal to the Liquidation Amount of each of the Treasury HITS and Corporate HITS being exchanged, and (z) requesting the Securities Registrar to
deliver to the Holder Preferred HITS of a Like Amount. 
 (e) Upon the transfer pursuant to Section 5.13(d) and receipt of the notice
and request referred to in Section 5.13(d): 
 (i) the Collateral Agent will release Pledged Treasury Securities of a Like Amount from
the Pledge and deliver such formerly Pledged Treasury Securities to the Holder free and clear of the Sponsor’s security interest therein, and confirm in writing to the Property Trustee and the Regular Trustees that such release and transfer has
occurred; 
 (ii) the Collateral Agent will transfer a Like Amount of Notes from the Custody Account to the Collateral Account, re-subjecting
such Notes to the Pledge; and 
  

 38 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (iii) the Securities Registrar, pursuant to the procedures provided for in Section 5.11 dealing with
increasing and decreasing the number of HITS evidenced by Book-Entry HITS Certificates, shall cancel the number of Treasury HITS and Corporate HITS delivered pursuant to Section 5.13(d) and deliver a Like Amount of Preferred HITS to the Holder,
all by making appropriate notations on the Book-Entry HITS Certificates of the appropriate Class. 
 Section 5.14 Remarketing
Elections. 
 (a) This Section 5.14 provides for the procedures pursuant to which a Holder: 
 (i) of Preferred HITS may elect (a “Contingent Exchange Election”) to cause the Pledged Notes that are Corresponding Assets for such
Holder’s Preferred HITS not to be offered in a Remarketing, with the consequence that such Holder will receive in exchange Treasury HITS and Corporate HITS in a Like Amount if the Remarketing is Successful; and 
 (ii) of Corporate HITS may elect (a “Contingent Disposition Election”) to cause the Notes that are Corresponding Assets for such
Holder’s Corporate HITS to be offered in the Remarketing, with the consequence that such Holder will receive the cash proceeds, net of the allocable portion of the Remarketing Agent’s fee, of the Remarketing of such Notes. 
 (b) Upon the written instruction of the Sponsor, the Property Trustee shall give appropriate instructions to the Collateral Agent and the Remarketing
Agent in accordance with the Remarketing Agreement to offer for sale in each Remarketing, and if the Remarketing is Successful sell as part of such Remarketing, a principal amount of Notes equal to 100% of the principal amount of Notes included in
the Trust Property minus the sum of (i) the Liquidation Amount of Preferred HITS as to which a Contingent Exchange Election has been made and (ii) the Liquidation Amount of Corporate HITS other than Corporate HITS as to which a
Contingent Disposition Election has been made. 
 (c) All deposits, deliveries or transfers by a Holder pursuant to this Section 5.14 of
Preferred HITS, Corporate HITS and treasury securities (including Qualifying Treasury Securities) shall be made by Book-Entry Transfer unless the recipient of such deposit, delivery or transfer expressly agrees otherwise in writing. 
 (d) Subject to the conditions set forth in this Declaration, a Holder of Preferred HITS may make a Contingent Exchange Election by: 
 (i) during the period that commences with the Collateral Agent’s and the Securities Registrar’s opening of normal business hours on the tenth
Business Day immediately preceding the first day of a Remarketing Period and ending at 3:00 p.m., New York City time, on the second Business Day immediately preceding the first day of such Remarketing Period, transferring the Preferred HITS
that are the subject of such Contingent Exchange Election to the Securities Registrar, accompanied by a duly executed and completed “Notice of Contingent Exchange Election” in the form printed on the reverse side of the form of
Preferred HITS Certificate; and 
 (ii) by not later than 3:00 p.m., New York City time, on the second Business Day immediately
preceding the first day of such Remarketing Period, depositing with the Collateral Agent, the treasury security that is the Qualifying Treasury Security on the date of deposit, in the amount of $1,000 for each Preferred HITS that is subject to the
Contingent Exchange Election. 
  

 39 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (e) If a Holder has made an effective Contingent Exchange Election in accordance with the foregoing
provisions: 
 (i) if the related Remarketing is Successful: 
 (w) the Collateral Agent shall (A) instruct the Securities Intermediary to release from the Pledge and deliver to the Remarketing
Agent the Pledged Notes for which no election has been validly made pursuant to Section 8.02(a) of the Collateral Agreement, free and clear of the Corporation’s security interest therein, against delivery by the Remarketing Agent of
Qualifying Treasury Securities purchased with the net Proceeds of the sale of such Pledged Notes in the Remarketing for deposit in the Collateral Account, (B) instruct the Securities Intermediary to release from the Pledge and (C) Transfer
to the Custody Account the Pledged Notes for which an election has been validly made pursuant to Section 8.02(a) of the Collateral Agreement, free and clear of the Corporation’s security interest therein, upon delivery by the Collateral
Agent to the Securities Intermediary for deposit into the Collateral Account the Qualifying Treasury Securities to be deposited in connection with such elections, and confirm to the Property Trustee in writing that such instructions have been
delivered; 
 (x) the Securities Intermediary will (A) release the Pledged Notes from the Pledge, Transfer such Pledged
Notes, free and clear of the Pledge, (x) to the Remarketing Agent in the case of Pledged Notes for which no election has been validly made pursuant to Section 8.02(a) of the Collateral Agreement and (y) to the Custody Account in the
case of Pledged Notes for which an election has been validly made pursuant to Section 8.02(a) of the Collateral Agreement, (B) deposit in the Collateral Account as Pledged Treasury Securities the Qualifying Treasury Securities deposited
with the Collateral Agent pursuant to Section 8.02(a) of the Collateral Agreement or delivered by the Remarketing Agent and (C) confirm to the Property Trustee in writing that such release, Transfer and deposit have occurred; 

(y) the Custodial Agent shall hold such Notes delivered to it pursuant to clause (ii)(y) of this Section 8.02(b) of the Collateral
Agreement in the Custody Account; and 
 (z) the Securities Registrar shall cancel the number of Preferred HITS Transferred
pursuant to Section 8.02(a) of the Collateral Agreement and deliver a Like Amount of Corporate HITS and Treasury HITS to the Holder in accordance with the procedures provided for in this Section 5.14. 
 (ii) if the related Remarketing is not Successful: 
 (x) as soon as reasonably practicable after the Remarketing, the Collateral Agent will deliver back to such Holder the Qualifying Treasury Securities delivered by such Holder to the Collateral Agent pursuant to
Section 8.02(a) of the Collateral Agreement; and 
 (y) the Securities Registrar will disregard the delivery by such
Holder of Preferred HITS pursuant to Section 8.02(a) of the Collateral Agreement, with the consequence that such Holder shall be deemed to continue to hold such Preferred HITS. 
  

 40 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (f) Subject to the conditions set forth in this Declaration, a Holder of Corporate HITS may make a
Contingent Disposition Election by, during the period that commences with the Securities Registrar’s opening of normal business hours on the tenth Business Day immediately preceding the first day of a Remarketing Period and ending at
3:00 p.m., New York City time, on the second Business Day immediately preceding the first day of such Remarketing Period, transferring the Corporate HITS that are the subject of such Contingent Disposition Election to the Securities Registrar,
accompanied by a duly completed “Notice of Contingent Disposition Election” in the form printed on the reverse side of the form of Corporate HITS Certificate to the Securities Registrar and the Custodial Agent. 
 (g) If a Holder has made an effective Contingent Disposition Election in accordance with the foregoing provisions: 
 (i) if the related Remarketing is Successful: 
 (x) the Securities Registrar shall cancel the number of Corporate HITS Transferred pursuant to Section 8.03(a) of the Collateral Agreement in accordance with the procedures provided for in Section 5.11;

 (y) the Custodial Agent shall deliver Custody Notes in the aggregate principal amount with respect to which elections have
been validly made pursuant to Section 8.03(a) of the Collateral Agreement to the Remarketing Agent on the Remarketing Settlement Date; and 
 (z) on or promptly after the Remarketing Settlement Date, the Custodial Agent will pay to the Property Trustee the net Proceeds of the Custody Notes received from the Remarketing Agent. 
 (ii) if the Remarketing is not Successful, the Securities Registrar will disregard the delivery by such Holder of Corporate HITS pursuant to
Section 5.14(f), with the consequence that such Holder shall be deemed to have continued to hold such Corporate HITS. 
 Section 5.15
Definitive HITS Certificates. 
 The HITS Certificates issued at the Time of Delivery shall be issued as Book-Entry HITS
Certificates in accordance with Section 2.4. Additionally, if (a) the Sponsor advises the Trustees in writing that the Clearing Agency (i) has notified the Sponsor that it is unwilling or unable to continue as Clearing Agency for such
HITS Certificates and no successor Clearing Agency has been appointed within 90 days of this notice or (ii) has ceased to be a clearing agency registered under the Exchange Act at a time when the Clearing Agency is required to be so
registered to act as a depositary and no successor Clearing Agency has been appointed within 90 days after the Sponsor has learned that the Clearing Agency has ceased to be so registered, (b) a Note Event of Default or a Preferred Stock
Event of Default has occurred and is continuing, (c) the Sponsor at its option advises the Trustees in writing that it elects to terminate the book-entry system through the Clearing Agency, or (d) Owners of HITS Certificates representing
beneficial interests aggregating at least a Majority in Liquidation Amount of the HITS of all Classes, considered together as a single Class, advise the Regular Trustees in writing that the continuation of a book-entry system through the Clearing
Agency is no longer in the best interest of the Owners of HITS Certificates, then the Regular Trustees shall notify the other Trustees and the Clearing Agency, and the Clearing Agency, in accordance with its customary rules and procedures, shall
notify all Clearing Agency Participants for whom it holds HITS of the occurrence of any such event and of the availability of the Definitive HITS Certificates to Owners of such class or classes, as applicable, requesting the same. Upon surrender to
the Regular Trustees of the typewritten HITS Certificate or Certificates representing 

  

 41 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 
the Book-Entry HITS Certificates by the Clearing Agency, accompanied by registration instructions, the Regular Trustees, or any one of them, shall execute
the Definitive HITS Certificates in accordance with the instructions of the Clearing Agency. Neither the Securities Registrar nor the Trustees shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be
protected in relying on, such instructions. Upon the issuance of Definitive HITS Certificates, the Trustees shall recognize the Holders of the Definitive HITS Certificates as holders of Trust Securities. The Definitive HITS Certificates shall be
typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Regular Trustees that meets the requirements of any stock exchange or automated quotation system on which the HITS are then
listed or approved for trading, as evidenced by the execution thereof by the Regular Trustees or any one of them. 
 Section 5.16 Rights of
Holders; Waivers of Past Defaults. 
 (a) The legal title to the Trust Property is vested exclusively in the Property Trustee (in
its capacity as such) in accordance with Section 2.9, and the Holders shall not have any right or title therein other than the beneficial interest in the Trust conferred by their Trust 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 Trust Securities shall be personal property giving only the rights specifically set forth therein and in this Declaration. The HITS shall have no
preemptive or similar rights and when issued and delivered to Holders against payment of the purchase price therefor will be fully paid and nonassessable beneficial interests in the Trust. The Holders of the Trust Securities, in their capacities as
such, 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. 
 (b) For so long as any HITS of the Affected Classes remain Outstanding, if, upon a Note Event of Default, the Note Trustee fails or the holders of not
less than 25% in principal amount of the outstanding Notes fail to declare the principal of all of the Notes to be immediately due and payable, the Property Trustee or the Holders of at least 25% in Liquidation Amount of the HITS of the Affected
Classes then Outstanding, considered together as a single Class, shall have the right to make such declaration by a notice in writing to the Sponsor, the Note Trustee and the Property Trustee, in the case of notice by the Holders of the HITS of the
Affected Classes, or to the Sponsor, the Note Trustee and the Holders of the HITS of the Affected Classes, in the case of notice by the Property Trustee, and upon any such declaration such principal amount of and the accrued interest on all of the
Notes shall become immediately due and payable as provided in the Indenture, provided that the payment of principal and interest on such Notes shall remain subordinated to the extent provided in the Indenture. 
 At any time after a declaration of acceleration with respect to the Notes has been made and before a judgment or decree for payment of the money due has
been obtained by the Note Trustee as in the Indenture provided, the Holders of at least a Majority in Liquidation Amount of the HITS of the Affected Classes, considered together as a single Class, by written notice to the Property Trustee, the
Sponsor and the Note Trustee, may rescind and annul such declaration and its consequences if: 
 (i) the Sponsor has paid or deposited with
the Note Trustee a sum sufficient to pay 
 (A) all overdue installments of interest on all of the Notes, 
 (B) the principal of (and premium, if any, on) any Notes that have become due otherwise than by such declaration of acceleration and
interest thereon at the rate borne by the Notes, and 
  

 42 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (C) all sums paid or advanced by the Note Trustee under the Indenture and the reasonable
compensation, expenses, disbursements and advances of the Note Trustee and the Property Trustee, their agents and counsel; and 
 (ii) all
Events of Default with respect to the Notes, other than the nonpayment of the principal of the Notes that has become due solely by such acceleration, have been cured or waived as provided in Section 5.7 of the Base Indenture. 
 The Holders of at least a Majority in Liquidation Amount of the HITS of the Affected Classes, considered together as a single Class, may, on behalf of
the Holders of all the HITS of the Affected Classes, waive any past default under the Indenture, except a default in the payment of principal or interest (unless such 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 Note Trustee) or a 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 Note. No such rescission shall affect any subsequent default or impair any right consequent thereon. 
 Upon receipt by the
Property Trustee of written notice declaring such an acceleration, or rescission and annulment thereof, by Holders of any part of the HITS of the Affected Classes a record date shall be established for determining Holders of Outstanding HITS of the
Affected Classes entitled to join in such notice, which record date shall be at the close of business on the day the Property 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 5.16(b). 
 (c) For so long as any HITS of the Affected Classes remain Outstanding, to the fullest extent permitted by law
and subject to the terms of this Declaration and the Indenture, upon a Note Event of Default, any Holder of HITS of the Affected Classes shall have the right to institute a proceeding directly against the Sponsor, pursuant to Section 13.13 of
the Base Indenture, for enforcement of payment to such Holder of any amounts payable in respect of a Like Amount of Notes (a “Direct Action”). Except as set forth in Section 5.16(b) and this Section 5.16(c), the Holders of
HITS of the Affected Classes shall have no right to exercise directly any right or remedy available to the holders of, or in respect of, the Notes. 
 (d) For so long as any HITS of the Affected Classes remain Outstanding, to the fullest extent permitted by law and subject to the terms of this Declaration and the Stock Purchase Contract Agreement, if the Sponsor fails to pay when due any
Contract Payments under the Stock Purchase Contract Agreement (after giving effect to the Sponsor’s deferral right under Section 2.7 of the Stock Purchase Contract Agreement), any Holder of HITS of the Affected Classes shall have the right
to institute a proceeding directly against the Sponsor, pursuant to Section 3.1 of the Stock Purchase Contract Agreement, for enforcement of payment to such Holder of any amounts payable in respect of a Like Amount of Stock Purchase Contracts
(also a “Direct Action”). Except as set forth in this Section 5.16(d), the Holders of HITS of the Affected Classes shall have no right to exercise directly any right or remedy under the Stock Purchase Contract Agreement
available to the Trust (acting through the Property Trustee) as a party thereto. 
  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 (e) Except as otherwise provided in Sections 5.16(a), (b), (c) and (d), the Holders of at least
a Majority in Liquidation Amount of the HITS may, on behalf of the Holders of all the HITS, 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 there from 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.

 Section 5.17 CUSIP Numbers. 
 The Regular Trustees in issuing the HITS may use “CUSIP” numbers (if then generally in use), and, if so, the Property Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders;
provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the HITS or as contained in any notice of a redemption and that reliance may be placed only on the other
identification numbers printed on the HITS, and any such redemption shall not be affected by any defect in or omission of such numbers. The Regular Trustees will promptly notify the Property Trustee of any change in the CUSIP numbers. 
 Section 5.18 Remarketing Procedures. 
 (a) The Sponsor will give notice to the Property Trustee of a Remarketing at least 28 days prior to the first day of the related Remarketing Period. Upon written instruction of the Sponsor, the Property Trustee will give holders of
Preferred HITS and Corporate HITS, and will request that the Clearing Agency give to its participants holding Preferred HITS or Corporate HITS, notice of a Remarketing at least 21 days prior to the first day of the related Remarketing Period. Such
notices will set forth: 
 (i) the beginning and ending dates of the Remarketing Period and the applicable Remarketing Settlement Date and
Stock Purchase Date in the event the Remarketing is successful; 
 (ii) for interest periods for the Notes commencing on or after the
Remarketing Settlement Date, the applicable interest payment dates and related record dates; 
 (iii) any change in the stated maturity date
of the Notes and, if applicable, the date on and after which the Sponsor will have the right to redeem the Notes (which is subject to Section 3.2 of the Thirteenth Supplemental Indenture); 
 (iv) whether in connection with an Early Remarketing that is not the first scheduled Remarketing, the Sponsor’s obligations under the Notes will
remain subordinated to Senior Obligations (as defined in the Indenture) after the Remarketing Settlement Date; 
 (v) any other changes in
the terms of the Notes notified by the Sponsor in connection with such Remarketing pursuant to Section 3.2 of the Thirteenth Supplemental Indenture (including on a Final Remarketing that is a Failed Remarketing, any change in the Maturity Date
(as defined in the Indenture) and, if applicable, the date on or after which the Trust will have the right to redeem the Notes (which is subject to Section 3.2 of the Thirteenth Supplemental Indenture)); 
  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 (vi) the procedures a Holder of Preferred HITS must follow to elect to exchange its Preferred HITS for
Treasury HITS and Corporate HITS if the Remarketing is Successful, and the date by which such election must be made; and 
 (vii) the
procedures a Holder of Corporate HITS must follow to elect to dispose of its Corporate HITS in connection with a Remarketing and the date by which such election must be made. 
 ARTICLE VI 
 ACTS OF HOLDERS;
MEETINGS; VOTING 
 Section 6.1 Limitations on Voting Rights. 
 (a) Except as expressly provided in this Declaration and in the Indenture and as otherwise required by law, no Holder of HITS shall have any right to vote
or in any manner otherwise control the administration, operation and management of the Trust or the obligations of the parties hereto, nor shall anything herein set forth, or contained in the terms of the Trust Securities Certificates, be construed
so as to constitute the Holders from time to time as partners or members of an association. 
 (b) So long as any Notes are held by the
Property Trustee on behalf of the Trust, the Trustees shall not (i) direct the time, method and place of conducting any proceeding for any remedy available to the Note Trustee, or execute any trust or power conferred on the Note Trustee with
respect to the Notes, (ii) waive any past default that may be waived under Section 5.7 of the Base Indenture, (iii) exercise any right to rescind or annul a declaration that the principal of all the Notes shall be due and payable, or
(iv) consent to any amendment, modification or termination of the Indenture or the Notes, where such consent shall be required by the Holders of the Notes pursuant to the terms of the Indenture, without, in each case, obtaining the prior
approval of the Holders of at least a Majority in Liquidation Amount of the Preferred HITS and the Corporate HITS then Outstanding, considered together as a single Class; provided, however, that where a consent under the Indenture
would require the consent of each holder of Notes affected thereby, no such consent shall be given by the Property Trustee without the prior written consent of each Holder of Preferred HITS and Corporate HITS. The Property Trustee shall not revoke
any action previously authorized or approved by a vote of the Holders of the Preferred HITS and the Corporate HITS, except by a subsequent vote of the Holders of the Preferred HITS and the Corporate HITS. The Property Trustee shall notify all
Holders of the Preferred HITS and the Corporate HITS of any notice of default received with respect to the Notes. In addition to obtaining the foregoing approvals of the Holders of the Preferred HITS and the Corporate HITS, prior to taking any of
the foregoing actions, the Regular Trustees shall, at the expense of the Sponsor, obtain an Opinion of Counsel experienced in such matters to the effect that such action shall not cause the Trust to be classified as an association or a publicly
traded partnership taxable as a corporation for U.S. federal income tax purposes. 
 (c) For so long as any Stock Purchase Contracts are
outstanding, the Trustees may consent to any amendment to or modification of the Stock Purchase Contract Agreement or the Collateral Agreement, without having obtained the prior approval of the Holders of any HITS to such amendment or modification,
for the purposes of (i) evidencing the succession of another person to the Trust’s or the Property Trustee’s obligations thereunder, (ii) adding to the covenants therein for the benefit of the Trust or the Property Trustee or to
surrender any of the Sponsor’s rights or powers thereunder, (iii) evidencing and providing for the acceptance of appointment of a successor Collateral Agent, Custodial Agent or Securities Intermediary under the Collateral Agreement,
(iv) curing any ambiguity, or correcting or supplementing any provisions that may be inconsistent, (v) conforming the terms of the Stock Purchase Contract Agreement or the Collateral Agreement, to the descriptions thereof in the
Prospectus, or (vi) making any other provisions with respect to such matters or questions, provided that such action 

  

 45 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 
pursuant to clauses (iv) and (vi) shall not adversely affect the interest of the Holders of HITS of any Class in any material respect. The Trustees
may, with the consent of the Holders of not less than a Majority in Liquidation Amount of the Preferred HITS and Treasury HITS then Outstanding, considered together as a single Class, agree to any other amendment to or modification of the Stock
Purchase Contract Agreement or the Collateral Agreement, except that, without obtaining the prior written consent of each Holder of Preferred HITS and Corporate HITS then Outstanding, the Trustees may not agree to any amendment or modification that
would (A) change any payment dates for Contract Payments, (B) change the amount or type of Pledged Notes or Pledged Treasury Securities required to be pledged under the Collateral Agreement, impair the right of the Property Trustee (on
behalf of the Trust) to receive distributions on Pledged Notes or Pledged Treasury Securities or otherwise adversely affect the Trust’s rights in or to the Pledged Notes or Pledged Treasury Securities, (C) change the place or currency or
reduce any Contract Payments, (D) impair the Property Trustee’s right (or any Holder’s right pursuant to Section 5.16(d)) to institute suit for the enforcement of the Stock Purchase Contracts or payment of any Contract Payments,
or (E) reduce the number of shares of Preferred Stock purchasable under the Stock Purchase Contracts, increase the price to purchase Preferred Stock upon settlement of the Stock Purchase Contracts, change the Stock Purchase Date or otherwise
adversely affect the Trust’s rights under the Stock Purchase Contracts. 
 (d) So long as any shares of Preferred Stock are held by the
Property Trustee on behalf of the Trust, the Trustees shall not waive any Preferred Stock Default without obtaining the prior approval of the Holders of at least a Majority in Liquidation Amount of the Preferred HITS and the Treasury HITS then
Outstanding, considered together as a single Class. Additionally, in addition to and notwithstanding the foregoing, the Trustees shall not consent to any amendment to the Certificate of Designations or the Sponsor’s certificate of incorporation
that would change the dates on which dividends are payable on the Preferred Stock or the amount of such dividends, without the prior written consent of each Holder of Preferred HITS and Treasury HITS. In addition to obtaining the foregoing approvals
of the Holders of Preferred HITS and Treasury HITS, prior to taking any of the foregoing actions, the Regular Trustees shall, at the expense of Sponsor, obtain an Opinion of Counsel experienced in such matters to the effect that such action shall
not cause the Trust to be classified as an association or a publicly traded partnership taxable as a corporation for U.S. federal income tax purposes. 
 (e) If any proposed amendment to or modification of the Declaration, the Stock Purchase Contract Agreement or the Collateral Agreement provides for, or the Trustees otherwise propose to effect, any action that would
adversely affect in any material respect the powers, preferences or special rights of the HITS of any Class in a manner that is different from the manner in which it would affect the HITS of other Classes, whether by way of amendment to or
modification of the Declaration, the Stock Purchase Contract Agreement or the Collateral Agreement or otherwise, then the Holders of the Outstanding HITS of such 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 HITS of such Class. 
 (f) No amendment to or modification of any Transaction Document that adversely affects the rights, duties or immunities of the Securities Registrar, the Paying Agent, the Collateral Agent, the Securities Intermediary or the Custodial Agent
shall be effective as against any such affected party without its consent. 
 Section 6.2 Notice of Meetings. 
 Notice of all meetings of the Holders of the HITS of any one or more Classes, stating the time, place and purpose of the meeting, shall be given by the
Property Trustee pursuant to Section 12.8 to each 

  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 
Holder of HITS of each Class entitled to attend such meeting, at such Holder’s registered address, at least 15 days and not more than 90 days
before the meeting. At any such meeting, any business properly before the meeting may be so considered whether or not stated in the notice of the meeting. Any adjourned meeting may be held as adjourned without further notice. 
 Section 6.3 Meetings of Holders of the HITS. 
 No annual meeting of Holders is required to be held. However, the Property Trustee or the Regular Trustees shall call a meeting of the Holders of the HITS of a Class to vote on any matter upon the written request of
the Holders of at least 25% in aggregate Liquidation Amount of the Outstanding HITS of such Class; the Property Trustee or the Regular Trustees shall call a meeting of the Holders of the HITS of all Classes to vote on any matter upon the written
request of the Holders of at least 25% in aggregate Liquidation Amount of the Outstanding HITS of all Classes, considered together; and the Regular Trustees or the Property Trustee may, at any time in their discretion, call a meeting of the Holders
of the HITS of any Class or Classes to vote on any matters as to which such Holders are entitled to vote. 
 The Holders of at least a
Majority in Liquidation Amount of the HITS of the Class or Classes (as applicable) entitled to attend a meeting, present in person or by proxy, shall constitute a quorum at any meeting of the Holders of the HITS. 
 If a quorum is present at a meeting, an affirmative vote by the Holders present, in person or by proxy, holding HITS representing at least a Majority in
Liquidation Amount of the HITS of the Class or Classes (as applicable) entitled to attend such meeting held by the Holders present, either in person or by proxy, at such meeting shall constitute the action of the Holders of the HITS of the Class or
Classes (as applicable) invited to attend such meeting, unless this Declaration requires a greater number of affirmative votes. 
 Section 6.4
Voting Rights. 
 Holders shall be entitled to one vote for each $1,000 of Liquidation Amount represented by their
Outstanding Trust Securities in respect of any matter as to which such Holders are entitled to vote. 
 Section 6.5 All Votes Must Be Made by
a United States Person. 
 Voting and consensual rights available to or in favor of Holders or Owners under this Declaration may be
exercised only by a United States Person that is a beneficial owner of a Trust Security or by a United States Person acting as irrevocable agent with discretionary powers for the beneficial owner of a Trust Security that is not a United States
Person. Holders that are not United States Persons must irrevocably appoint a United States Person with discretionary powers to act as their agent with respect to such voting and consensual rights. 
 Section 6.6 Proxies, Etc. 
 At any
meeting of Holders, any Holder entitled to vote thereat may vote by proxy, provided that no proxy shall be voted at any meeting unless it shall have been placed on file with the Property Trustee, or with such other officer or agent of the
Trust as the Property Trustee may direct, for verification prior to the time at which such vote shall be taken. Pursuant to a resolution of the Property Trustee, proxies may be solicited in the name of the Property Trustee or one or more officers of
the Property Trustee. Only Holders of record shall be entitled to vote. When Trust Securities are held jointly by several Persons, any one of them may vote at any meeting in person or by proxy in respect of such Trust Securities, but if more 

  

 47 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 
than one of them shall be present at such meeting in person or by proxy, and such joint owners or their proxies so present disagree as to any vote to be
cast, such vote shall not be received in respect of such Trust Securities. A proxy purporting to be executed by or on behalf of a Holder shall be deemed valid unless challenged at or prior to its exercise, and the burden of proving invalidity shall
rest on the challenger. No proxy shall be valid more than three years after its date of execution. 
 Section 6.7 Holder Action by Written
Consent. 
 Any action that may be taken by Holders at a meeting may be taken without a meeting and without prior notice if Holders
holding at least a Majority in Liquidation Amount of all HITS entitled to vote in respect of such action (or such larger proportion thereof as shall be required by any other provision of this Declaration) shall consent to the action in writing.

 Section 6.8 Record Date for Voting and Other Purposes. 
 For the purposes of determining the Holders who are entitled to notice of and to vote at any meeting or by written consent, or to participate in any
distribution on the Trust Securities in respect of which a record date is not otherwise provided for in this Declaration, or for the purpose of any other action, the Regular Trustees may from time to time fix a date, not more than 90 days prior to
the date of any meeting of Holders or the payment of a Distribution or other action, as the case may be, as a record date for the determination of the identity of the Holders of record for such purposes. The Regular Trustees shall cause a notice of
any such date fixed in respect of any such distribution to be forwarded to each Paying Agent. 
 Section 6.9 Acts of Holders.

 Any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Declaration to be
given, made or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing; and, except as otherwise expressly provided herein,
such action shall become effective when such instrument or instruments are delivered to the Property Trustee and the Regular Trustees. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes
referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Declaration and (subject
to Section 8.1) conclusive in favor of the Trustees, if made in the manner provided in this Section. 
 The fact and date of the
execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the
individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient
proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner that any Trustee receiving the same deems sufficient. 

The ownership of Trust Securities shall be proved by the Securities Register. 
 Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Trust Security shall bind every future Holder of
the same Trust Security and the Holder of every Trust Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustees, or the Trust in
reliance thereon, whether or not notation of such action is made upon such Trust Security. 
  

 48 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to
any particular Trust Security may do so with regard to all or any part of the Liquidation Amount of such Trust Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of
such Liquidation Amount. 
 If any dispute shall arise between the Holders and the Trustees or among the Holders or the Trustees with respect
to the authenticity, validity or binding nature of any request, demand, authorization, direction, consent, waiver or other Act of such Holder or Trustee under this Article VI, then the determination of such matter by the Property Trustee shall
be conclusive with respect to such matter. 
 Section 6.10 Inspection of Records. 
 Upon reasonable notice to the Regular Trustees and the Property Trustee, the records of the Trust shall be open to inspection by Holders during normal
business hours for any purpose reasonably related to such Holder’s interest as a Holder. 
 ARTICLE VII 
 REPRESENTATIONS AND WARRANTIES 
 Section 7.1 Representations and Warranties of the Property Trustee and the Delaware Trustee. 
 The Property Trustee and the Delaware Trustee, each severally on behalf of and as to itself, hereby represents and warrants for the benefit of the Sponsor and the Holders that: 
 (a) the Property Trustee is a banking corporation, duly organized, validly existing and in good standing under the laws of the State of New York;

 (b) the Property Trustee has full corporate power, authority and legal right to execute, deliver and perform its obligations under this
Declaration and has taken all Declaration necessary action to authorize the execution, delivery and performance by it of this Declaration; 
 (c) the Delaware Trustee is a banking corporation, duly organized, validly existing and in good standing under the laws of the State of Delaware; 
 (d) the Delaware Trustee has full corporate power, authority and legal right to execute, deliver and perform its obligations under this Declaration and has taken all necessary action to authorize the execution,
delivery and performance by it of this Declaration (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein); 
 (e) this Declaration has been duly authorized, executed and delivered by the Property Trustee and the Delaware Trustee and constitutes the valid and legally binding agreement of each of the Property Trustee and the
Delaware Trustee enforceable against each of them in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’
rights and to general equity principles; 
  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 (f) the execution, delivery and performance of this Declaration have been duly authorized by all
necessary corporate or other action on the part of the Property Trustee and the Delaware Trustee and do not require any approval of stockholders of the Property Trustee and the Delaware Trustee and such execution, delivery and performance will not
(i) violate the charter or by-laws of the Property Trustee or the Delaware Trustee, (ii) violate any provision of, or constitute, with or without notice or lapse of time, a default under, or result in the creation or imposition of, any
Lien on any properties included in the Trust Property pursuant to the provisions of, any indenture, mortgage, credit agreement, license or other agreement or instrument to which the Property Trustee or the Delaware Trustee is a party or by which it
is bound, or (iii) violate any law, governmental rule or regulation of the State of Delaware, governing the banking or trust powers of the Property Trustee or the Delaware Trustee (as appropriate in context) or any order, judgment or decree
applicable to the Property Trustee or the Delaware Trustee; 
 (g) neither the authorization, execution or delivery by the Property Trustee
or the Delaware Trustee of this Declaration nor the consummation of any of the transactions by the Property Trustee or the Delaware Trustee (as the case may be) contemplated herein requires the consent or approval of, the giving of notice to, the
registration with or the taking of any other action with respect to any governmental authority or agency under any existing law of the State of Delaware, governing the banking, trust or general powers of the Property Trustee or the Delaware Trustee
(as appropriate in context), other than the filing of the Certificate of Trust with the Delaware Secretary of State; and 
 (h) there are no
proceedings pending or, to the best of each of the Property Trustee’s and the Delaware Trustee’s knowledge, threatened against or affecting the Property Trustee or the Delaware Trustee in any court or before any governmental authority,
agency or arbitration board or tribunal that, individually or in the aggregate, would materially and adversely affect the Trust or would question the right, power and authority of the Property Trustee or the Delaware Trustee, as the case may be, to
enter into or perform its obligations as one of the Trustees under this Declaration. 
 Section 7.2 Representations and Warranties of
Sponsor. 
 The Sponsor hereby represents and warrants for the benefit of the Holders that: 
 (a) the Trust Securities Certificates issued at the Time of Delivery on behalf of the Trust have been duly authorized and will have been duly and validly
executed, issued and delivered by the Trustees pursuant to the terms and provisions of, and in accordance with the requirements of, this Declaration, and the Holders will be, as of such date, entitled to the benefits of this Declaration; and

 (b) there are no taxes, fees or other governmental charges payable by the Trust (or the Trustees on behalf of the Trust) under the laws of
the State of Delaware or any political subdivision thereof in connection with the execution, delivery and performance by any Trustee of this Declaration. 
 ARTICLE VIII 
 THE TRUSTEES 
 Section 8.1 Certain Duties and Responsibilities. 
 (a) The duties and responsibilities of the Trustees shall be as provided by this Declaration, subject to Section 12.10. Notwithstanding the foregoing, no provision of this Declaration shall require any of the
Trustees to expend or risk its or their own funds or otherwise incur any financial liability in the performance of any of its or their duties hereunder, or in the exercise of any of its or their rights or powers, if it or they shall have reasonable
grounds for believing that repayment of such funds or adequate 

  

 50 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 
indemnity against such risk or liability is not reasonably assured to it. Whether or not therein expressly so provided, every provision of this Declaration
relating to the conduct or affecting the liability of or affording protection to the Trustees shall be subject to the provisions of this Section 8.1. To the extent that, at law or in equity, a Trustee has duties and liabilities relating to the
Trust or to the Holders, such Trustee shall not be liable to the Trust or to any Holder for such Trustee’s good faith reliance on the provisions of this Declaration. Except as otherwise required by the Trust Indenture Act and the
Commission’s rules thereunder applicable to indentures qualified under such Act, the provisions of this Declaration, to the extent that they restrict the duties and liabilities of the Trustees otherwise existing at law or in equity, are agreed
by the Sponsor and the Holders to replace such other duties and liabilities of the Trustees. 
 (b) All payments made by the Property Trustee
or a Paying Agent in respect of the Trust 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 Property
Trustee or a Paying Agent to make payments in accordance with the terms hereof. Each Holder, by its acceptance of a Trust 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 are not personally liable to such Holder for any amount distributable in respect of any Trust Security or for any other liability in respect of any Trust Security. This
Section 8.1(b) does not limit the liability of the Trustees expressly set forth elsewhere in this Declaration or, in the case of the Property Trustee, in the Trust Indenture Act. 
 (c) If an Event of Default has occurred and is continuing, the Property Trustee shall enforce this Declaration and the Transaction Agreements for the
benefit of the Holders. 
 (d) The Property Trustee, before the occurrence of any Event of Default and after the curing of all Events of
Default that may have occurred, shall undertake to perform only such duties as are specifically set forth in this Declaration (including pursuant to Section 12.10), and no implied covenants shall be read into this Declaration against the
Property Trustee. If an Event of Default has occurred (that has not been cured or waived pursuant to Section 5.7 of the Base Indenture), the Property 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 its exercise thereof, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 
 (e) No provision of this Declaration shall be construed to relieve the Property Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that:

 (i) prior to the occurrence of any Event of Default and after the curing or waiving of all such Events of Default that may have occurred:

 (A) the duties and obligations of the Property Trustee shall be determined solely by the express provisions of this
Declaration (including pursuant to Section 12.10), and the Property Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Declaration (including pursuant to
Section 12.10); and 
 (B) in the absence of bad faith on the part of the Property Trustee, the Property Trustee may
conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Property Trustee and conforming to the requirements of this Declaration; but in the case
of any such certificates or opinions that by any provision hereof or of the Trust Indenture Act are specifically required to be furnished to the Property Trustee, the Property Trustee shall be under a duty to examine the same to determine whether or
not they conform to the requirements of this Declaration; 
  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 (ii) the Property Trustee shall not be liable for any error of judgment made in good faith by an
authorized officer of the Property Trustee, unless it shall be proved that the Property Trustee was negligent in ascertaining the pertinent facts; 
 (iii) the Property 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 at least a Majority in Liquidation Amount of the HITS of all
Affected Classes considered together as a single Class, relating to the time, method and place of conducting any proceeding for any remedy available to the Property Trustee, or exercising any trust or power conferred upon the Property Trustee under
this Declaration; 
 (iv) the Property Trustee’s sole duty with respect to the custody, safekeeping and physical preservation of the
Notes and the Payment Account shall be to deal with such property in a similar manner as the Property Trustee deals with similar property for its own account, subject to the protections and limitations on liability afforded to the Property Trustee
under this Declaration and the Trust Indenture Act; 
 (v) the Property Trustee shall not be liable for any interest on any money received by
it except as it may otherwise agree with the Sponsor; and money held by the Property Trustee need not be segregated from other funds held by it except in relation to the Payment Account maintained by the Property Trustee pursuant to Section 3.1
and except to the extent otherwise required by law; 
 (vi) the Property Trustee shall not be responsible for monitoring the compliance by
the Regular Trustees, the Sponsor, the Collateral Agent, the Securities Registrar, the Custodial Agent, the Paying Agent, the Remarketing Agent or any other Person, with their respective duties under this Declaration or any Transaction Document, nor
shall the Property Trustee be liable for the default or misconduct of any other Trustee, the Regular Trustees, the Sponsor, the Collateral Agent, the Securities Registrar, the Custodial Agent, the Paying Agent, the Remarketing Agent or any other
Person; and 
 (vii) subject to Section 8.1(c), no provision of this Declaration shall require the Property Trustee to expend or risk
its own funds or otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if the Property Trustee shall have reasonable grounds for believing that the repayment of such
funds or liability is not reasonably assured to it under the terms of this Declaration or adequate indemnity against such risk or liability is not reasonably assured to it. 
 (f) The Regular Trustees shall not be responsible for monitoring the compliance by the other Trustees or the Sponsor with their respective duties under
this Declaration, nor shall either Regular Trustee be liable for the default or misconduct of any other Trustee or the Sponsor. 
 Section 8.2
Certain Notices. 
 Within thirty days after the occurrence of any Event of Default actually known to the Property Trustee or the
Regular Trustees, the Property Trustee or the Regular Trustees shall transmit, in the manner and to the extent provided in Section 12.8, notice of such Event of Default to the Holders of each Affected Class, unless such Event of Default shall
have been cured or waived. 
  

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 For so long as Notes are included within the Trust Property, within five Business Days after the receipt
of notice of the Sponsor’s exercise of its right to defer the payment of interest on the Notes pursuant to the Indenture, the Property Trustee or the Regular Trustees shall transmit, in the manner and to the extent provided in
Section 12.8, notice of such exercise to the Holders of the Preferred HITS and the Corporate HITS, unless such exercise shall have been revoked. 
 If during any calendar year any original issue discount shall have accrued on the Notes, the Sponsor shall file with each Paying Agent promptly at the end of such calendar year (i) a written notice specifying the
amount of original issue discount (including daily rates and accrual periods) accrued on outstanding Notes as of the end of such year and (ii) such other specific information relating to such original issue discount as may then be relevant
under the Internal Revenue Code of 1986, as amended from time to time. 
 For so long as Stock Purchase Contracts are included within the
Trust Property, within five Business Days after the receipt of notice of the Sponsor’s exercise of its right to defer Contract Payments, the Property Trustee or the Regular Trustees shall transmit, in the manner and to the extent provided in
Section 12.8, notice of such exercise to the Holders of the Preferred HITS and the Treasury HITS, unless such exercise shall have been revoked. 
 For so long as shares of Preferred Stock are included within the Trust Property, within five Business Days after the receipt of notice of the Sponsor’s determination not to pay dividends on a dividend payment
date, the Property Trustee shall transmit, in the manner and to the extent provided in Section 12.8, notice of such decision to the Holders of the Preferred HITS and Treasury HITS, unless such notice shall have been revoked. 
 The Property Trustee shall not be deemed to have knowledge of any Event of Default unless the Property Trustee shall have received written notice or a
Responsible Officer of the Property Trustee charged with the administration of this Declaration shall have obtained actual knowledge of such Event of Default. 
 Section 8.3 Certain Rights of Property Trustee. 
 Subject to the provisions of Section 8.1:

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

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 (c) any direction or act of the Sponsor contemplated by this Declaration shall be sufficiently evidenced
by an Officers’ Certificate; 
 (d) any direction or act of a Regular Trustee contemplated by this Declaration shall be sufficiently
evidenced by a certificate executed by such Regular Trustee and setting forth such direction or act; 
 (e) the Property 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 re-registration thereof; 
 (f) the Property Trustee may consult with counsel of its own selection (which counsel may be counsel to the Sponsor or any of its Affiliates, and may
include any of its employees) 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 Property 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 Property 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 Property Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and liabilities that might be incurred by it
in compliance with such request or direction; provided that nothing contained in this Section 8.3(g) shall be taken to relieve the Property Trustee, upon the occurrence of an Event of Default, of its obligation to exercise the rights and
powers vested in it by this Declaration; 
 (h) the Property 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 Property Trustee may make such further inquiry or investigation into such facts or matters as it may see fit at the expense of the Sponsor and shall incur no liability of any kind by reason of such inquiry or investigation;

 (i) the Property 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 Property Trustee shall not be responsible for any negligence or misconduct on the part of any agent or attorney appointed with due care by it hereunder; 
 (j) whenever in the administration of this Declaration the Property Trustee shall deem it desirable to receive instructions with respect to enforcing any
remedy or right or taking any other action hereunder, the Property Trustee (i) may request instructions from the Holders (which instructions may only be given by the Holders of the same proportion in Liquidation Amount of the Trust Securities
as would be entitled to direct the Property Trustee under the terms of the Trust 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 protected in acting in accordance with such instructions; 
 (k) except as otherwise expressly provided
by this Declaration, the Property Trustee shall not be under any obligation to take any action that is discretionary under the provisions of this Declaration. No provision of this Declaration shall be deemed to impose any duty or obligation on any
Trustee to perform any act or acts or exercise any right, power, duty or obligation conferred or imposed on it, in any 

  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 
jurisdiction in which it shall be illegal, or in which such Person 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 any Trustee shall be construed to be a duty; 
 (l) the Property Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers
conferred upon it by the Indenture; 
 (m) in no event shall the Property Trustee be responsible or liable for special, indirect, or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Property Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; and

 (n) the rights, privileges, protections, immunities and benefits given to the Property Trustee, including, without limitation, its right
to be indemnified, are extended to, and shall be enforceable by, the Property Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 
 Section 8.4 Not Responsible for Recitals or Issuance of Securities. 
 The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Trust and the Sponsor, and the Trustees do
not assume any responsibility for their correctness. The Trustees shall not be accountable for the use or application by the Sponsor of the proceeds of the Notes. 
 Section 8.5 May Hold Securities. 
 Any Trustee or any other agent of any Trustee or the Trust, in its
individual or any other capacity, may become the owner or pledgee of Trust Securities and, subject to Sections 8.8 and 8.13, may otherwise deal with the Trust with the same rights it would have if it were not Trustee or such other agent.

 Section 8.6 Compensation; Indemnity; Fees. 
 The Sponsor agrees: 
 (a) to pay to the Trustees from time to time such reasonable compensation for all
services rendered by them hereunder as may be separately agreed by the Sponsor and the Trustees 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);

 (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 agents and counsel), except any such expense, disbursement or advance
as shall be determined to have been caused by their own negligence, bad faith or willful misconduct; and 
 (c) to the fullest extent
permitted by applicable law, to indemnify and hold harmless (i) each Trustee, (ii) any Affiliate of any Trustee, (iii) any officer, director, shareholder, employee, representative or agent of any Trustee, and (iv) any employee or
agent of the Trust (referred to herein as an “Indemnified Person”) from and against any loss, damage, liability, action, suit, tax, penalty, expense or claim of any kind or nature whatsoever incurred by such Indemnified Person by
reason of the creation, operation or 

  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 
dissolution of the Trust or 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 authority conferred on such Indemnified Person by this Declaration, except that no Indemnified Person shall be entitled to be indemnified in respect of any loss, damage or claim
incurred by such Indemnified Person by reason of negligence, bad faith or willful misconduct with respect to such acts or omissions. 
 The
provisions of this Section 8.6 shall survive the termination of this Declaration and the removal or resignation of any Trustee. No Trustee may claim any Lien on any Trust Property as a result of any amount due pursuant to this Section 8.6.

 Notwithstanding any provision of law or equity, the Sponsor and any 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 Trust 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. Notwithstanding any provision of law or equity, neither the
Sponsor nor any 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 the Sponsor and any
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. Notwithstanding any provision of law or equity, any 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 depository 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 8.7 Corporate Property Trustee Required; Eligibility of Trustees and Regular Trustees.

 (a) There shall at all times be a Property Trustee hereunder with respect to the Trust Securities. The Property Trustee shall be a
Person that is a national or state chartered bank and eligible pursuant to the Trust Indenture Act to act as such and that has a combined capital and surplus of at least $50,000,000. If any such Person publishes reports of condition at least
annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 8.7 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall
be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Property Trustee with respect to the Trust Securities shall cease to be eligible in accordance with the provisions
of this Section 8.7, it shall resign immediately in the manner and with the effect hereinafter specified in this Article VIII. At the time of appointment, the Property Trustee must have securities rated in one of the three highest rating
categories by a nationally recognized statistical rating organization. 
 (b) There shall at all times be one or more Regular Trustees
hereunder with respect to the Trust Securities. Each Regular Trustee shall be either a natural person who is at least 21 years of age or a legal entity that shall act through one or more persons authorized to bind that entity. 
 (c) There shall at all times be a Delaware Trustee. The Delaware Trustee shall either be (i) a natural person who is at least 21 years of age
and a resident of the State of Delaware, or (ii) a legal entity with its principal place of business in the State of Delaware and that otherwise meets the requirements of applicable Delaware law and that shall act through one or more persons
authorized to bind such entity. 
  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 8.8 Conflicting Interests. 
 (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either
eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Declaration. 
 (b) The Guarantee Agreements and the Indenture shall be deemed to be specifically described in this Declaration for the purposes of clause (i) of the first proviso contained in Section 310(b) of the Trust
Indenture Act. 
 Section 8.9 Co-Trustees and Separate Trustee. 
 Unless and until a Note Event of Default shall have occurred and be continuing, at any time or times, for the purpose of meeting the legal requirements of
the Trust Indenture Act or of any jurisdiction in which any part of the Trust Property may at the time be located, the Holder of Common Securities and the Regular Trustees shall have the power to appoint one or more Persons either to act as
co-trustee, jointly with the Property Trustee, of all or any part of such Trust Property, or to the extent required by law to act as separate trustee of any such property, in either case with such powers as may be provided in the instrument of
appointment, and to vest in such Person or Persons in the capacity aforesaid, any property, title, right or power deemed necessary or desirable, subject to the other provisions of this Section. If a Note Event of Default shall have occurred and be
continuing, the Property Trustee shall have the sole power to so appoint such a co-trustee or separate trustee, and upon the written request of the Property Trustee, the Sponsor, and the Regular Trustees shall for such purpose join with the Property
Trustee in the execution, delivery, and performance of all instruments and agreements necessary or proper to appoint, such co-trustee or separate trustee. Any co-trustee or separate trustee appointed pursuant to this Section shall either be
(i) a natural person who is at least 21 years of age and a resident of the United States, or (ii) a legal entity with its principal place of business in the United States that shall act through one or more persons authorized to bind
such entity. 
 Should any written instrument from the Sponsor be required by any co-trustee or separate trustee so appointed for more fully
confirming to such co-trustee or separate trustee such property, title, right, or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the Sponsor. 
 Every co-trustee or separate trustee shall, to the extent permitted by law, but to such extent only, be appointed subject to the following terms, namely:

 (a) The Trust Securities shall be executed by one or more Regular Trustees, and the Trust Securities shall be delivered by the Property
Trustee or a Regular Trustee on behalf of the Property Trustee, and all rights, powers, duties, and obligations hereunder in respect of the custody of securities, cash and other personal property held by, or required to be deposited or pledged with,
the Property Trustee specified hereunder shall be exercised solely by the Property Trustee and not by such co-trustee or separate trustee. 
 (b) The rights, powers, duties, and obligations hereby conferred or imposed upon the Property Trustee in respect of any property covered by such appointment shall be conferred or imposed upon and exercised or performed by the Property
Trustee or by the Property Trustee and such co-trustee or separate trustee jointly, as shall be provided in the instrument appointing such co-trustee or separate trustee, except to the extent that under any law of any jurisdiction in which any
particular act is to be performed, the Property Trustee shall be incompetent or unqualified to perform such act, in which event such rights, powers, duties and obligations shall be exercised and performed by such co-trustee or separate trustee.

  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 (c) The Property Trustee at any time, by an instrument in writing executed by it, with the written
concurrence of the Sponsor, may accept the resignation of or remove any co-trustee or separate trustee appointed under this Section 8.9, and, in case a Note Event of Default has occurred and is continuing, the Property Trustee shall have power
to accept the resignation of, or remove, any such co-trustee or separate trustee without the concurrence of the Sponsor. Upon the written request of the Property Trustee, the Sponsor shall join with the Property Trustee in the execution, delivery
and performance of all instruments and agreements necessary or proper to effectuate such resignation or removal. A successor to any co-trustee or separate trustee so resigning or removed may be appointed in the manner provided in this
Section 8.9. 
 No co-trustee or separate trustee hereunder shall be personally liable by reason of any act or omission of the Property
Trustee or any other trustee hereunder. 
 (d) The Property Trustee shall not be liable by reason of any act of a co-trustee or separate
trustee. 
 (e) Any Act of Holders delivered to the Property Trustee shall be deemed to have been delivered to each such co-trustee and
separate trustee. 
 Section 8.10 Resignation and Removal; Appointment of Successor. 
 No resignation or removal of any Trustee (the “Relevant Trustee”) and no appointment of a successor Trustee pursuant to this
Article VIII shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 8.11. 
 Subject to the immediately preceding paragraph, the Relevant Trustee may resign at any time by giving written notice thereof to the Holders. The Corporation shall appoint a successor by requesting from at least three
Persons meeting the eligibility requirements its expenses and charges to serve as the Relevant Trustee on a form provided by the Regular Trustees, and selecting the Person who agrees to the lowest expenses and charges. If the instrument of
acceptance by the successor Trustee required by Section 8.11 shall not have been delivered to the Relevant Trustee within 60 days after the giving of such notice of resignation, the Relevant Trustee may petition, at the expense of the Sponsor,
in the case of the Property Trustee, any court of competent jurisdiction for the appointment of a successor Relevant Trustee. 
 The Regular
Trustees, or any of them, may be removed at any time by Act of the Holders of Common Securities delivered to the Relevant Trustee. 
 The
Property Trustee or the Delaware Trustee, or both of them, may be removed by Act of the Holders of at least a Majority in Liquidation Amount of the HITS, delivered to the Relevant Trustee (in its individual capacity and, in the case of the Property
Trustee, on behalf of the Trust) (i) for cause (including upon the occurrence of an Event of Default described in subparagraph (d) of the definition thereof with respect to the Relevant Trustee), or (ii) at any time if a Note Event of
Default shall have occurred and be continuing. Unless and until a Note Event of Default shall have occurred and be continuing, the Property Trustee or the Delaware Trustee, or both of them, may be removed at any time by Act of the Holders of the
Common Securities. 
 If a resigning Property Trustee or Delaware Trustee shall fail to appoint a successor, or if the Property Trustee or
the Delaware Trustee shall be removed or become incapable of acting as Trustee, or if 

  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 
a vacancy shall occur in the office of the Property Trustee or the Delaware Trustee for any cause, the Holders of the Common Securities by Act of such
Holders delivered to the Relevant Trustee or, if a Note Event of Default shall have occurred and be continuing, the Holders of the HITS, by Act of the Holders of not less than 25% in aggregate Liquidation Amount of the HITS then Outstanding
delivered to such Relevant Trustee, may appoint a successor Relevant Trustee or Trustees, and such successor Trustee shall comply with the applicable requirements of Section 8.11. If no successor Relevant Trustee shall have been so appointed by
the Holders of the Common Securities or HITS, as the case may be, and accepted appointment in the manner required by Section 8.11, any Holder, on behalf of such Holder and all others similarly situated, or any other Trustee, may petition any
court of competent jurisdiction for the appointment of a successor Relevant Trustee. 
 The Property Trustee shall give notice of each
resignation and each removal of a Trustee and each appointment of a successor Trustee to all Holders in the manner provided in Section 12.8 and shall give notice to the Sponsor and to the Regular Trustees. Each notice shall include the name of
the successor Relevant Trustee and the address of its Corporate Trust Office if it is the Property Trustee. 
 Notwithstanding the foregoing
or any other provision of this Declaration, if any Delaware Trustee who is a natural person dies or becomes, in the opinion of the Holders of the Common Securities, incompetent or incapacitated, the vacancy created by such death, incompetence or
incapacity may be filled by the Property Trustee following the procedures regarding expenses and charges set forth above (with the successor being a Person who satisfies the eligibility requirement for the Delaware Trustee set forth in
Section 8.7). 
 Section 8.11 Acceptance of Appointment by Successor. 
 In case of the appointment hereunder of a successor Relevant Trustee, the retiring Relevant Trustee (if requested by the Sponsor) and each successor
Relevant Trustee with respect to the Trust 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 Trust 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, other than the filing of an amendment to the Certificate of Trust to the extent required under the Delaware
Statutory Trust Act; 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 Trust Securities and the Trust. 
 Upon request of any such successor Relevant
Trustee, the Trust shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Relevant Trustee all such rights, powers and trusts referred to in the preceding paragraph. 
 No successor Relevant Trustee shall accept its appointment unless at the time of such acceptance such successor Relevant Trustee shall be qualified and
eligible under this Article VIII. 
  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 8.12 Merger, Conversion, Consolidation or Succession to Business. 
 Any Person into which the Property 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 such Relevant Trustee shall be a party, or any Person, succeeding to all or substantially all the corporate trust business of such Relevant Trustee, shall be the successor of such
Relevant Trustee hereunder, provided that such Person shall be otherwise qualified and eligible under this Article VIII, without the execution or filing of any paper or any further act on the part of any of the parties hereto, other than
the filing of an amendment to the Certificate of Trust to the extent required under the Delaware Statutory Trust Act. 
 Section 8.13
Preferential Collection of Claims Against Sponsor or Trust. 
 If and when the Property Trustee shall be or become a creditor of
the Sponsor or the Trust (or any other obligor upon the HITS), the Property Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Sponsor or the Trust (or any such other obligor).

 Section 8.14 Property Trustee May File Proofs of Claim. 
 In case of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other similar judicial
proceeding relative to the Trust or any other obligor upon the Trust Securities or the property of the Trust or of such other obligor or their creditors, the Property Trustee (irrespective of whether any Distributions on the Trust Securities shall
then be due and payable and irrespective of whether the Property Trustee shall have made any demand on the Trust for the payment of any past due Distributions) shall be entitled and empowered, to the fullest extent permitted by law, by intervention
in such proceeding or otherwise: 
 (a) to file and prove a claim for the whole amount of any Distributions owing and unpaid in respect of the
Trust Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Property Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the
Property Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding; and 
 (b) to collect and receive any
moneys or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by
each Holder to make such payments to the Property Trustee and, in the event the Property Trustee shall consent to the making of such payments directly to the Holders, to pay to the Property Trustee any amount due it for the reasonable compensation,
expenses, disbursements and advances of the Property Trustee, its agents and counsel, and any other amounts due the Property Trustee. 
 Nothing herein contained shall be deemed to authorize the Property Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement adjustment or compensation affecting the Trust
Securities or the rights of any Holder thereof or to authorize the Property Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 8.15 Reports by Property Trustee. 
 (a) The Property Trustee shall transmit to Holders such
reports concerning the Property Trustee and its actions under this Declaration as may be required pursuant to the Trust Indenture Act at 

  

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the times and in the manner provided pursuant thereto. If required by Section 313(a) of the Trust Indenture Act, the Property Trustee shall, within
sixty days after each February · following the date of the initial issuance of Trust Securities under the Declaration deliver to Holders a brief
report, dated as of such February ·, which complies with the provisions of such Section 313(a). 
 (b) A copy of each such report shall, at the time of such transmission to Holders, be filed by the Property Trustee with each stock exchange, if any,
upon which the Trust Securities are listed, with the Commission and with the Sponsor. The Sponsor will promptly notify the Property Trustee in writing when the Securities are listed on any stock exchange and of any delisting thereof. 
 Section 8.16 Reports to the Property Trustee. 
 Each of the Sponsor and the Regular Trustees shall provide to the Property Trustee such documents, reports and information as required by Section 314 of the Trust Indenture Act (if any) and the compliance
certificate required by Section 314(a) of the Trust Indenture Act in the form, in the manner and at the times required by Section 314 of the Trust Indenture Act. The Sponsor and the Regular Trustees shall annually file with the Property
Trustee a certificate specifying whether such Person is in compliance with all of the terms and covenants (if any) applicable to such Person hereunder. 
 Section 8.17 Evidence of Compliance with Conditions Precedent. 
 Each of the Sponsor and the Regular
Trustees shall provide to the Property Trustee such evidence of compliance with any conditions precedent, if any, provided for in this Declaration that relate to any of the matters set forth in Section 314(c) of the Trust Indenture Act. Any
certificate or opinion required to be given by an officer pursuant to Section 314(c)(1) of the Trust Indenture Act shall be given in the form of an Officers’ Certificate. 
 Section 8.18 Number of Trustees. 
 (a) The number of Trustees shall be five, unless
the Property Trustee also acts as the Delaware Trustee, in which case the number of Trustees may be four. 
 (b) If a Trustee ceases to hold
office for any reason, a vacancy shall occur. The vacancy shall be filled with a Trustee appointed in accordance with Section 8.10. 
 (c) The death, resignation, retirement, removal, bankruptcy, incompetence or incapacity to perform the duties of a Trustee shall not operate to annul, terminate or dissolve the Trust. 
 Section 8.19 Delegation of Power. 
 (a) Any Regular Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his or her power for the purpose of executing any documents contemplated in Section 2.7(a) or
making any governmental filing. 
 (b) The Regular Trustees 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 Regular Trustees or otherwise as the Regular Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or
contrary to the provisions of this Declaration. 
  

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 AMENDED AND RESTATED DECLARATION OF TRUST 

 ARTICLE IX 
 DISSOLUTION, LIQUIDATION AND MERGER 
 Section 9.1 Perpetual Existence. 
 The Trust shall have perpetual existence and shall be dissolved only in
accordance with this Article IX. 
 Section 9.2 Early Dissolution. 
 The first to occur of any of the following events is an “Early Dissolution Event”: 
 (a) the occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Sponsor, unless the Common Securities shall be
transferred as provided by Section 5.10, in which case this provision shall refer instead to any such successor Holder of the Common Securities; 
 (b) upon the filing of a certificate of dissolution or its equivalent with respect to the Sponsor; 
 (c)
upon the consent of the holders of at least a majority in aggregate liquidation amount of the Trust Securities voting together as a single class to dissolve the Trust; 
 (d) upon the revocation of the Sponsor’s charter and the expiration of 90 days after the date of revocation without a reinstatement thereof; 
 (e) at the Sponsor’s election at any time pursuant to which the Trust shall have been dissolved in accordance with the terms of the Trust Securities
and upon the distribution of the assets of the Trust corresponding to its securities to the holders of the Trust Securities; 
 (f) the
redemption of all of the HITS in accordance with the provisions of this Declaration; and 
 (g) the entry of an order for dissolution of the
Trust by a court of competent jurisdiction. 
 If an Early Dissolution Event occurs, Section 9.4 shall apply. 
 Section 9.3 Dissolution. 
 Upon the
occurrence of any Early Dissolution Event, the Trust shall dissolve and the Property Trustee and the Regular Trustees shall wind up the affairs of the Trust in accordance with Section 9.4 hereof and Section 3808 of the Delaware Statutory
Trust Act. The respective obligations and responsibilities of the Trustees, the Regular Trustees and the Trust created and continued hereby shall terminate upon the latest to occur of the following: (a) the distribution by the Property Trustee
to Holders of all amounts required to be distributed hereunder upon the liquidation of the Trust pursuant to Section 9.4, or upon the redemption of all of the Trust Securities pursuant to Section 4.2; (b) the payment of any expenses
owed by the Trust; and (c) the discharge of all administrative duties of the Regular Trustees, including the performance of any tax reporting obligations with respect to the Trust or the Holders. Upon completion of winding up, the Regular
Trustees shall file a certificate of cancellation with the Secretary of State of the State of Delaware. 
  

 62 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 9.4 Liquidation. 
 (a) If an Early Dissolution Event specified in clause (a) of Section 9.2 occurs, the Trust shall be liquidated by the Property Trustee and the
Regular Trustees as expeditiously as the Property Trustee and the Regular Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder of HITS of each
Class a Like Amount of Corresponding Assets as of the date of such distribution, subject to Section 9.4(d). If an Early Dissolution Event specified in clause (c) of Section 9.2 occurs, because such Early Dissolution Event is also an
Early Settlement Event, unless otherwise required by applicable law the Trust will not be liquidated until after the Stock Purchase Date but, commencing promptly after the Stock Purchase Date, the Trust shall be liquidated by the Property Trustee
and the Regular Trustees as expeditiously as the Property Trustee and the Regular Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder of HITS of
each Class a Like Amount of Corresponding Assets as of the date of such distribution, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee or the Regular Trustees by first-class mail, postage prepaid, mailed
not less than 15 nor more than 60 days prior to the Liquidation Date to each Holder of HITS of each Class at such Holder’s address appearing in the Securities Register. All such notices of liquidation shall: 
 (i) state the CUSIP Number of the Trust Securities of each Class; 
 (ii) state the Liquidation Date; 
 (iii) state that from and after the Liquidation Date, the Trust
Securities of such Class will no longer be deemed to be Outstanding and any Trust Securities Certificates not surrendered for exchange will be deemed to represent a Like Amount of Corresponding Assets as of the date of such distribution, or if
Section 9.4(d) applies, a right to receive a Liquidation Distribution; and 
 (iv) provide such information with respect to the
mechanics by which Holders may exchange Trust Securities Certificates of such Class for Corresponding Assets, or if Section 9.4(d) applies, receive a Liquidation Distribution, as the Property Trustee (after consultation with the Regular
Trustees) shall deem appropriate. 
 (b) Except where Section 9.2(e) or 9.4(d) applies, in order to effect the liquidation of the Trust
and distribution of the Corresponding Assets to Holders, the Property Trustee, either itself acting as exchange agent or through the appointment of a separate exchange agent, shall establish a record date for such distribution (which shall be not
more than 30 days prior to the Liquidation Date) and, establish such procedures as it shall deem appropriate to effect the distribution of Corresponding Assets in exchange for the Outstanding Trust Securities Certificates of the related Classes.

 (c) Except where Section 9.2(e) or 9.4(d) applies, after the Liquidation Date, (i) the Trust Securities will no longer be deemed
to be Outstanding, (ii) if the Corresponding Assets for a Class of HITS are Notes or shares of Preferred Stock, certificates representing a Like Amount of Notes or Preferred Stock (or fractional interests in or depositary shares for Preferred
Stock) will be issued to Holders of Trust Securities Certificates of the relevant Classes, upon surrender of such certificates to the exchange agent for exchange, and where Pledged Treasury Securities are Corresponding Assets, Pledged Treasury
Securities will be delivered by Book-Entry Transfer to Holders upon surrender of such certificates, (iii) any Trust Securities Certificates not so surrendered for exchange will be deemed to represent a Like Amount of Corresponding Assets of the
applicable Class until such certificates are so surrendered (and until such certificates are so surrendered, no payments of interest, principal, dividends, redemption price or otherwise will be made to Holders of Trust Securities Certificates with
respect to such Corresponding Assets) and (iv) all rights of Holders holding Trust Securities will cease, except the right of such Holders to receive Corresponding Assets upon surrender of Trust Securities Certificates. 
  

 63 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (d) If, notwithstanding the other provisions of this Section 9.4, whether because of an order for
dissolution entered by a court of competent jurisdiction or otherwise, distribution of the Corresponding Assets in the manner provided herein is determined by the Property Trustee and the Regular Trustees not to be practical, or if an Early
Dissolution Event specified in clause (e) of Section 9.2 occurs, the Trust Property shall be liquidated, and the Trust’s affairs wound-up, by the Property Trustee and the Regular Trustees in such manner as the Property Trustee and the
Regular Trustees determine. In such event, upon the winding-up of the Trust except with respect to an Early Dissolution Event specified in clause (e) of Section 9.2, Holders will be entitled to receive out of the assets of the Trust
available for distribution to Holders, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, an amount equal to the Liquidation Amount per Trust Security plus accumulated and unpaid Distributions thereon to the
date of payment (such amount being the “Liquidation Distribution”). If, upon any such winding-up, 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, subject to the next succeeding sentence, the amounts payable by the Trust on the Trust Securities shall be paid on a pro rata basis (based upon Liquidation Amounts), except that the right of Holders of the
Common Securities to receive Liquidation Distributions will be subordinated to the right of Holders of HITS to receive Liquidation Distributions as provided in Section 4.3(c). 
 Section 9.5 Mergers, Consolidations, Amalgamations or Replacements of Trust. 
 (a)
The Trust may not consolidate, amalgamate or 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 9.5(b) and
(c). 
 (b) The Trust may, with the consent of a majority of the Regular Trustees and without the consent of the holders of the Trust
Securities, the Delaware Trustee or the Property Trustee, consolidate, amalgamate, merge with or into, or be replaced by a trust organized as such under the laws of any state; provided that: 
 (i) if the Trust is not the survivor, such successor entity (the “Successor Entity”) either: 
 (A) expressly assumes all of the obligations of the Trust under the Trust Securities; or 
 (B) substitutes for the Trust Securities other securities having substantially the same terms as the Trust Securities (the “Successor
Securities”) so long as the Successor Securities rank the same as the Trust Securities rank with respect to Distributions and payments upon liquidation, redemption and otherwise; 
 (ii) the Corporation expressly acknowledges a trustee of the Successor Entity that possesses the same powers and duties as the Property
Trustee as the holder of the Notes; 
 (iii) the Trust Securities or any Successor Securities which are listed, will be listed
upon notification of issuance, on any national or international securities exchange or with another organization, if any, on which such Trust Securities are then listed or quoted; 
  

 64 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (iv) such merger, consolidation, amalgamation or replacement does not cause the Trust
Securities (including any Successor Securities of the Trust Securities) to be downgraded by any nationally recognized statistical rating organization; 
 (v) such merger, consolidation, amalgamation or replacement does not adversely affect the rights, preferences and privileges of the holders of the Trust Securities (including any Successor Securities) in any material
respect (other than with respect to any dilution of such holders’ interests in the new or successor entity as a result of such merger, consolidation or replacement); 
 (vi) such Successor Entity has a purpose identical to that of the Trust ; 
 (vii) prior to such merger, consolidation, amalgamation or replacement, the Sponsor 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 Trust Securities (including any Successor Securities) in any material respect (other than with respect to any dilution of the
holders’ interest in the new entity); 
 (B) following such merger, consolidation, amalgamation or replacement, neither
the Trust nor the Successor Entity will be required to register as an Investment Company; and 
 (C) following such merger,
consolidation, amalgamation or replacement, the Trust (or the Successor Entity) will continue to be classified as a grantor trust for United States federal income tax purposes; and 
 (viii) the Sponsor guarantees the obligations of such Successor Entity under the Successor Securities at least to the extent provided by
the Guarantee Agreements. 
 (c) Notwithstanding Section 9.5(b), the Trust shall not, except with the consent of holders of 100% in
liquidation amount of the Trust 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, merger,
amalgamation 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 X 
 QUALIFYING TREASURY SECURITIES

 Section 10.1 Qualifying Treasury Securities. 
 (a) The Regular Trustees or any one of them shall, for each March 15, June 15, September 15 and December 15, commencing on June 15, 2007 and ending on the Stock Purchase Date or the
earlier termination of the Stock Purchase Contracts, or if any such day is not a Business Day, the immediately succeeding Business Day (each, a “Reference Date”) identify: 
 (i) the 13-week treasury bill that matures at least one and not more than six Business Days prior to that Reference Date, or 
  

 65 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (ii) if no 13-week treasury bill that matures at least one and not more than six Business Days prior to
that Reference Date is or is scheduled to be outstanding on the immediately preceding Reference Date, the 26-week treasury bill that matures at least one and not more than six Business Days prior to that Reference Date, or 
 (iii) if neither of such treasury bills is or is scheduled to be outstanding on the immediately preceding Reference Date, any other treasury security
(which may be a zero coupon treasury security) that is outstanding on the immediately preceding Reference Date, is highly liquid and matures at least one Business Day prior to such Reference Date; provided that any treasury security
identified pursuant to this clause (iii) shall be selected in a manner intended to minimize the cash value of the security selected. 
 (b) The Regular Trustees or any one of them shall use commercially reasonable efforts to identify the security meeting the foregoing criteria for each Reference Date promptly after the Department of the Treasury makes the schedule for
upcoming auctions of treasury securities publicly available and shall, to the extent that a security previously identified with respect to any Reference Date is no longer expected to be outstanding on the immediately preceding Reference Date,
identify another security meeting the foregoing criteria for such Reference Date. The security most recently identified by the Regular Trustees or any one of them with respect to any Reference Date shall be the “Qualifying Treasury
Security” with respect to the period from and including its date of issuance (or if later, the date of maturity of the Qualifying Treasury Security with respect to the immediately preceding Reference Date) to but excluding its date of
maturity, and the Regular Trustees’ identification of a security as a Qualifying Treasury Security for such period shall be final and binding for all purposes absent manifest error. The Regular Trustees or any one of them shall give (or cause
to be given) prompt written notice to the Sponsor, the Collateral Agent, the Custodial Agent and the Property Trustee of each determination made pursuant to this Section 10.1. 
 ARTICLE XI 
 OTHER HITS RELATED
PROVISIONS 
 Section 11.1 Tax Treatment. 
 Each Holder of HITS agrees, by acceptance of HITS, and each Owner agrees, by acceptance of a beneficial interest in HITS, to treat for all
U.S. federal income tax purposes (i) the Trust as one or more grantor trusts and/or agency arrangements, (ii) itself as the owner of the Corresponding Assets for the related Class of HITS, (iii) in the case of Preferred HITS the
fair market value of the $1,000 principal amount of Notes corresponding to one Preferred HITS as $1,000 and the fair market value of 1/100th fractional interest in a Stock Purchase Contract corresponding to one Preferred HITS as $0 at the time of
initial purchase, (iv) the Notes as indebtedness of the Sponsor, and (v) the stated interest on the Notes as ordinary interest income that is includible in the Holder’s or Owner’s gross income at the time the interest is paid or
accrued in accordance with the Holder’s or Owner’s regular method of tax accounting, and otherwise to treat the Notes as described in the Prospectus. 
  

 66 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 ARTICLE XII 
 MISCELLANEOUS PROVISIONS 
 Section 12.1 Limitation of Rights of
Holders. 
 Except as set forth in Section 9.2, the death, dissolution, bankruptcy or incapacity of any Person having an interest,
beneficial or otherwise, in Trust Securities shall not operate to terminate this Declaration nor dissolve, terminate or annul the Trust, nor entitle the legal representatives or heirs of such person or any Holder for such Person, to claim an
accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them. 
 Section 12.2 Amendment. 
 (a) This
Declaration may be amended from time to time by the Regular Trustees and the Holders of all of the Common Securities, without the consent of any Holder of the HITS, the Property Trustee or the Delaware Trustee (i) to cure any ambiguity, correct
or supplement any provision herein that may be inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Declaration, which shall not be inconsistent with the other
provisions of this Declaration, (ii) to modify, eliminate or add to any provisions of this Declaration to such extent as shall be necessary to ensure that the Trust will not be taxable as a corporation or classified as a partnership for
U.S. federal income tax purposes at all times that any Trust Securities are outstanding, to ensure that the Trust will not be required to register as an “investment company” under the Investment Company Act or to ensure the treatment
of the HITS as Tier 1 regulatory capital under the prevailing Federal Reserve rules and regulations, (iii) to provide that HITS Certificates may be executed by a Regular Trustee by facsimile signature instead of manual signature, in which case
such amendment(s) shall also provide for the appointment by the Sponsor of an authentication agent, the fees and expenses of which will be paid by the Sponsor, a form of authentication certificate, and provisions to the effect that HITS Certificates
that have been executed by a Regular Trustee by facsimile signature shall not be entitled to any benefit under the Declaration or be valid or obligatory for any purpose unless the certificate of authentication thereon has been executed by the
authentication agent by manual signature, or (iv) to conform the terms of this Declaration to the description of this Declaration and the Trust Securities in the Prospectus; provided, however, that in the case of either
clause (i) or (ii), such action shall not adversely affect in any material respect the interests of any Holder, the Property Trustee or the Delaware Trustee; provided, further, that in the case of clause (iv), the Sponsor
shall deliver to the Property Trustee an Officers’ Certificate and an Opinion of Counsel (who may be counsel to the Sponsor or the Trust), in each case confirming that such amendment has the effect of conforming the terms of this Declaration to
the descriptions of this Declaration and the Trust Securities in the Prospectus. Any such amendment shall become effective when notice is given to the Property Trustee and the Holders of the HITS. 
 (b) Except as provided in Section 12.2(c), any provision of this Declaration may be amended by the Regular Trustees and the Holders of all of the
Common Securities and with (i) the consent of Holders of at least a Majority in Liquidation Amount of the Outstanding HITS of each Affected Class, and (ii) receipt by the Trustees of an Opinion of Counsel experienced in such matters to the
effect that such amendment or the exercise of any power granted to the Trustees or the Regular Trustees in accordance with such amendment will not affect the Trust’s status as a grantor trust or cause the Trust to be classified as an
association or a publicly traded partnership taxable as a corporation for U.S. federal income tax purposes or affect the Trust’s exemption from status as an “investment company” under the Investment Company Act. 
  

 67 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 (c) 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 Trust Securities or otherwise adversely affect the amount of any Distribution required to be made in respect of the Trust
Securities as of a specified date, or (ii) restrict the right of a Holder to institute suit for the enforcement of any such payment on or after such date; and notwithstanding any other provision herein, without the unanimous consent of the
Holders, this Section 12.2(c) may not be amended. 
 (d) Notwithstanding any other provisions of this Declaration, no Trustee shall
enter into or consent to any amendment to this Declaration that would cause the Trust to fail or cease to qualify for the exemption from status as an “investment company” under the Investment Company Act or to be taxable as a corporation
or to be classified as other than as one or more grantor trusts and/or agency arrangements for U.S. federal income tax purposes. In particular, no Trustee shall enter into or consent to any amendment to this Declaration that would cause the
Trust to be classified as an association or a publicly traded partnership taxable as a corporation for U.S. federal income tax purposes. 
 (e) Notwithstanding anything in this Declaration to the contrary, without the consent of the Sponsor and the Regular Trustees, this Declaration may not be amended in a manner that imposes any additional obligation on the Sponsor or the
Regular Trustees. 
 (f) Notwithstanding anything in this Declaration to the contrary, without the consent of the Property Trustee, this
Declaration may not be amended in a manner that imposes any additional obligation on the Property Trustee or that adversely affects the Property Trustee. 
 (g) Notwithstanding anything in this Declaration to the contrary, without the consent of the Delaware Trustee, this Declaration may not be amended in a manner that imposes any additional obligation on the Delaware
Trustee or that adversely affects the Delaware Trustee. 
 (h) Notwithstanding anything in this Declaration to the contrary, without the
consent of the Securities Registrar and the Paying Agent, this Declaration may not be amended in a manner that imposes any additional obligation on the Securities Registrar or the Paying Agent or that adversely affects the Securities Registrar or
the Paying Agent. 
 (i) In the event that any amendment to this Declaration is made, the Regular Trustees shall promptly provide to the
Sponsor, the Property Trustee and the Delaware Trustee a copy of such amendment. 
 (j) Neither the Property Trustee nor the Delaware Trustee
shall be required to enter into any amendment to this Declaration that affects its own rights, duties or immunities under this Declaration. The Property Trustee and the Delaware Trustee shall be entitled to receive an Opinion of Counsel and an
Officers’ Certificate stating that any amendment to this Declaration is in compliance with this Declaration. 
 Section 12.3
Separability Clause. 
 In case any provision in this Declaration or in the Trust Securities Certificates shall be invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
  

 68 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 12.4 Governing Law. 
 This Declaration and the Trust Securities shall be governed by and construed in accordance with the laws of the State of Delaware (without regard to
conflicts of laws principles). 
 Section 12.5 Payments Due on Non-Business Day. 
 If the date fixed for any payment on any Trust Security shall be a day that is not a Business Day, then such payment need not be made on such date but may
be made on the next succeeding day that is a Business Day, with the same force and effect as though made on the date fixed for such payment, and no Distributions shall accumulate on such unpaid amount for the period after such date. 
 Section 12.6 Successors and Assigns. 
 All covenants and agreements in this Declaration by each party hereto shall bind its successors and assigns, whether so expressed or not. Except in connection with a consolidation, merger or sale involving the Sponsor that is permitted
under Article 10 of the Base Indenture and pursuant to which the assignee agrees in writing to perform the Sponsor’s obligations hereunder, the Sponsor shall not assign its obligations hereunder. 
 Section 12.7 Effect of Headings and Table of Contents. 
 The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 
 Section 12.8 Reports, Notices and Demands. 
 Any report, notice, demand or other
communication that by any provision of this Declaration is required or permitted to be given or served to or upon any Holder, the Sponsor or the Regular Trustees may be given or served in writing by deposit thereof, first-class postage prepaid, in
the United States mail, hand delivery or facsimile transmission, in each case, addressed, (a) in the case of a Holder of HITS, to such Holder as such Holder’s name and address may appear on the Securities Register and (b) in the case
of the Holder of the Common Securities or the Sponsor, to Bank of America Corporation, NC1-007-07-06, 100 North Tryon Street, Charlotte, North Carolina, 28255, Attention: Corporate Treasury—Securities Administration, facsimile
(704) 386-0270, or to such other address as may be specified in a written notice by the Sponsor to the Property Trustee. Such notice, demand or other communication to or upon a Holder shall be deemed to have been sufficiently given or made, for
all purposes, upon hand delivery, mailing or transmission. Such notice, demand or other communication to or upon the Sponsor or the Holder of the Common Securities shall be deemed to have been sufficiently given or made only upon actual receipt of
the writing by the Sponsor or the Holder of the Common Securities, as the case may be. Any notice, demand or other communication that by any provision of this Declaration is required or permitted to be given or served to or upon the Trust, the
Property Trustee, the Delaware Trustee, the Regular Trustees or the Trust shall be given in writing addressed to such Person as follows: (a) with respect to the Property Trustee, to The Bank of New York, 101 Barclay Street, 8 West, New York,
New York 10286, facsimile: (904) 645-1921, Attention: Corporate Trust Administration, (b) with respect to the Delaware Trustee, to The Bank of New York (Delaware), 100 White Clay Center, Route 273, Newark Delaware 19711, facsimile:
(302) 453-4400, Attention: Corporate Trust Administration; (c) with respect to the Regular Trustees, to them at c/o Bank of America Corporation, NC1-007-07-06, 100 North Tryon Street, Charlotte, North Carolina, 28255, Attention: Corporate
Treasury—Securities Administration, facsimile (704) 386-0270; and (d) with respect to the Trust, to its principal office specified in Section 2.2, with a copy to the Property Trustee. Such notice, demand or other communication to
or upon the Trust, the Property Trustee or the Regular Trustees shall be deemed to have been sufficiently given or made only upon actual receipt of the writing by the Trust, the Property Trustee or such Regular Trustee. 
  

 69 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 12.9 Agreement Not to Petition. 
 To the fullest extent permitted by law, each of the Trustees and the Sponsor agree for the benefit of the Holders that, until at least one year and one
day after the Trust has been dissolved in accordance with Article IX, they shall not file, or join in the filing of, a petition against the Trust under any bankruptcy, insolvency, reorganization or other similar law (including the United States
Bankruptcy Code) (collectively, “Bankruptcy Laws”) or otherwise join in the commencement of any proceeding against the Trust under any Bankruptcy Law. If the Sponsor takes action in violation of this Section 12.9, the Property
Trustee agrees, for the benefit of Holders, that at the expense of the Sponsor, it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such petition by the Sponsor against the Trust or the commencement of such
action and raise the defense that the Sponsor has agreed in writing not to take such action and should be stopped and precluded therefrom and such other defenses, if any, as counsel for the Trustee or the Trust may assert. 
 Section 12.10 Trust Indenture Act; Conflict with Trust Indenture Act. 
 (a) If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act that is required under such Act to be a part of and
govern this Declaration, the latter provision shall control. If any provision of this Declaration modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision shall be deemed to apply to
this Declaration as so modified or to be excluded, as the case may be. 
 (b) The Property Trustee shall be the only Trustee that is a
trustee for the purposes of the Trust Indenture Act. 
 (c) The application of the Trust Indenture Act to this Declaration shall not affect
the nature of the Trust Securities as equity securities representing undivided beneficial interests in the assets of the Trust. 
 Section 12.11 Acceptance of Terms of Declaration, Guarantee Agreements and Indenture. 
 THE RECEIPT AND
ACCEPTANCE OF A TRUST SECURITY OR ANY INTEREST THEREIN BY OR ON BEHALF OF A HOLDER OR ANY BENEFICIAL OWNER, WITHOUT ANY SIGNATURE OR FURTHER MANIFESTATION OF ASSENT, SHALL CONSTITUTE THE UNCONDITIONAL ACCEPTANCE BY THE HOLDER AND ALL OTHERS HAVING A
BENEFICIAL INTEREST IN SUCH TRUST SECURITY OF ALL THE TERMS AND PROVISIONS OF THIS DECLARATION, THE GUARANTEE AGREEMENTS AND THE INDENTURE, AND AGREEMENT TO THE SUBORDINATION PROVISIONS AND OTHER TERMS OF THE GUARANTEE AGREEMENTS AND THE INDENTURE,
AND SHALL CONSTITUTE THE AGREEMENT OF THE TRUST, SUCH HOLDER AND SUCH OTHERS THAT THE TERMS AND PROVISIONS OF THIS DECLARATION SHALL BE BINDING, OPERATIVE AND EFFECTIVE AS BETWEEN THE TRUST AND SUCH HOLDER AND SUCH OTHERS. 
 * * * * 
  

 70 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 12.12 Force Majeure 
 In no event shall the Property Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or
caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Property Trustee shall use reasonable efforts which are consistent with accepted practices in the banking
industry to resume performance as soon as practicable under the circumstances. 
 This instrument may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
 [Signature pages follow] 
  

 71 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 In Witness Whereof, the parties hereto have executed this Amended and Restated Declaration as of the day
and year first above written. 
  

			
	BANK OF AMERICA CORPORATION, as Sponsor
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	THE BANK OF NEW YORK,
	not in its individual capacity, but solely as Property Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	THE BANK OF NEW YORK (DELAWARE),
	 not in its individual capacity, but solely as Delaware
 Trustee

		
	By:	 	  

	Name:	 	
	Title:	 	

  

	
	  

	 James T. Houghton, as Regular Trustee

	
	  

	Richard L. Nichols, Jr., as Regular Trustee
	
	  

	Ann J. Travis, as Regular Trustee

 AMENDED AND RESTATED DECLARATION
OF TRUST 

 EXHIBIT A 
 [ORIGINAL CERTIFICATE OF TRUST] 
 A-1

 DECLARATION 
  

 A-1 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 EXHIBIT B 
 [RESTATED CERTIFICATE OF TRUST] 
 B-1

 DECLARATION 
  

 B-1 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 EXHIBIT C 
 FORM OF CORPORATE HITS CERTIFICATE 
 {For inclusion in Global Certificates only – THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE DECLARATION HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (THE
“DEPOSITARY”) OR ITS NOMINEE. THIS CERTIFICATE IS EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE DECLARATION AND NO
TRANSFER OF THIS CERTIFICATE (OTHER THAN A TRANSFER OF THIS CERTIFICATE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN
LIMITED CIRCUMSTANCES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.} 
  

			
	 No.
                    
	 	Number of Corporate HITS:             
		 	CUSIP No.                     

 BAC Capital Trust XIII 
 Corporate HITS 
 This Corporate HITS Certificate certifies that
[            ] is the registered Holder of the number of Corporate HITS set forth above {for inclusion in Global Certificates only - or such other number of Corporate
HITS reflected in the Schedule of Increases and Decreases in the Global Certificate attached hereto}. Each Corporate HITS represents a beneficial interest in BAC Capital Trust XIII (the “Trust”), having a Liquidation Amount
of $1,000. The Corporate HITS 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 as provided in Section 5.4
of the Declaration (as defined below). The designations, rights, privileges, restrictions, preferences and other terms and provisions of the Corporate HITS are set forth in, and this certificate and the Corporate HITS represented hereby are issued
and shall in all respects be subject to the terms and provisions of the Amended and Restated Declaration of Trust of the Amended and Restated Declaration of Trust, dated as of February [    ], 2007, as the same may be
amended and restated from time to time (the “Declaration”), including the designation of the terms of the Preferred HITS as set forth therein. The Holder is entitled to the benefits of the Guarantee Agreement entered into by
the Sponsor and The Bank of New York, as Guarantee Trustee, dated as of February [    ], 2007 (the “Guarantee Agreement”). All capitalized terms used herein that are defined in the
Declaration have the meaning set forth therein. 
  

 C-1 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 5.13(d) of the Declaration provides for the procedures pursuant to which Holders of
Corporate HITS and Treasury HITS may exchange Preferred HITS and Qualifying Treasury Securities and Section 5.14(f) of the Declaration provides for the procedures pursuant to which Holders of Corporate HITS may elect to exchange
Corporate HITS in the event a Remarketing is Successful. The forms of Recombination Notice and Request and Notice of Contingent Disposition Election required to be delivered in connection therewith are printed on the reverse hereof. 
 A copy of each of the Declaration and the Guarantee Agreement is available for inspection at the offices of the Property Trustee. 
 Upon receipt of this certificate, the Holder is bound by the Declaration and is entitled to the benefits thereof. 
 IN WITNESS WHEREOF, the Trust acting through one of its Regular Trustees has executed this Corporate HITS Certificate. 
  

					
	BAC CAPITAL TRUST XIII, acting through one of its Regular Trustees
			
		 	 By:
	 	  

			
		 	 Name:
	 	  

			
		 	 Date:
	 	  

  

 C-2 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 CERTIFICATE OF AUTHENTICATION 
 This certificate represents the Corporate HITS referred to in the within-mentioned Declaration. 
 Dated: 
  

			
	 THE BANK OF NEW YORK
 as Property
Trustee

		
	 By:
	 	  

		 	Authorized Signatory

  

 C-3 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 [FORM OF REVERSE OF SECURITY] 
 Distributions payable on each Corporate HITS will be set at, (i) with respect to the period from the Closing Date to but not including the
Remarketing Settlement Date for a Successful Remarketing or, in the event of a Failed Remarketing, to the Stock Purchase Date, Three-Month LIBOR plus •% per annum (calculated on an Actual/360 Basis), and (ii) thereafter for so long as
Corporate HITS remain outstanding, the rate per annum corresponding to interest payments by the Corporation on the Notes (the “Coupon Rate”). The Coupon Rate is payable on the stated liquidation amount of $1,000 per Corporate
HITS, such rate being the rate of interest payable on the Notes to be held by the Property Trustee on behalf of the Trust. Distributions in arrears will bear interest thereon (to the extent permitted by applicable law) at the Coupon Rate, compounded
quarterly. The amount of Distributions payable for any period will be computed on the basis of a 360-day year and the number of days actually elapsed. 
 Except as otherwise described below, Distributions on the Corporate HITS will be cumulative, will accrue from the date of original issuance and will be payable quarterly in arrears on (i) each
March 15, June 15, September 15 and December 15, commencing on the later of the first such date on which Corporate HITS are Outstanding and June 15, 2007 and continuing through and including the last such date to
occur prior to the Remarketing Settlement Date for a Successful Remarketing, and (ii) thereafter for so long as Corporate HITS remain outstanding, each day that is an interest payment date for the Notes (each a “Distribution
Date”), to the Person in whose name the Corporate HITS is registered at the close of business on the regular record date for such installment, which will be the last day of the month immediately preceding the month in which the
Distribution Date falls. The Trust will make Distributions on the Corporate HITS only to the extent it has received payments from the Sponsor on the Corresponding Assets. The Sponsor has the right to defer payments on the Corresponding Assets from
time to time and in the event of such deferral, Distributions will also be deferred for the same period. 
 THE CORPORATE HITS SHALL BE
REDEEMABLE AS PROVIDED IN THE DECLARATION. 
  

 C-4 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 ABBREVIATIONS 
 The following abbreviations, when used in the inscription on the face of this instrument, 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
                     (cust)(minor) Under
Uniform Gifts to Minors Act of
                    
		
	 TENANT:
	 	as tenants by the entireties
		
	 JT TEN:
	 	as joint tenants with right of survivorship and not as tenants in common

 Additional abbreviations may also be used though not in the above list. 
 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 
 (Please insert Social Security or Taxpayer I.D. 
 or other Identifying Number of
Assignee) 
 (Please print or type name and address including Postal Zip Code of Assignee) 
 the within Corporate HITS Certificates and all rights thereunder, hereby irrevocably constituting and appointing attorney
                    , to transfer said Corporate HITS Certificates on the books of BAC Capital Trust XIII, with full power of substitution in
the premises. 
  

			
	Dated:	 	Signature
		
		 	NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH
THE NAME AS IT APPEARS UPON THE FACE OF THE WITHIN CORPORATE HITS
CERTIFICATES IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
WHATSOEVER.

 SIGNATURE GUARANTEE: 
  

 C-5 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 FORM OF RECOMBINATION NOTICE AND REQUEST 
 The Bank of New York Trust Company, N.A. 
   as Collateral Agent
and Securities Registrar 
 10161 Centurion Parkway, 2nd Floor 
 Jacksonville, Florida 32256 
 Attention: Corporate Trust Administration 
 Re: Treasury and Corporate HITS BAC Capital Trust XIII

 The undersigned Holder hereby notifies you pursuant to Section 5.13(d) of the Amended and Restated Declaration of Trust, dated
as of February [    ], 2007, of BAC Capital Trust XIII (the “Declaration”), among Bank of America Corporation, as Sponsor, The Bank of New York, as Property Trustee, The Bank of New York, as
Delaware Trustee, the Regular Trustees (as named therein) and the several Holders of the Trust Securities, and Section 6.03(a) of the Collateral Agreement, that the Holder: 
 (i) is transferring $             Liquidation Amount of Treasury HITS and Corporate
HITS in connection with an Exchange of such Treasury HITS and Corporate HITS for a Like Amount of Preferred HITS and Qualifying Treasury Securities, 
 (ii) hereby requests the Collateral Agent to release from the Pledge and deliver to the Holder Qualifying Treasury Securities in a principal amount equal to such Liquidation Amount, and 
 (iii) hereby requests the delivery to the Holder of such Preferred HITS of a Like Amount. 
 All capitalized terms used herein that are defined in the Declaration have the meaning set forth therein. The undersigned Holder has paid all applicable
fees and expenses relating to such Exchange. 
  

			
	 Date:
	 	Signature Guarantee:
		
	 Please print name and address of Registered Holder:
	 	
		
	 Name:
	 	Social Security or other Taxpayer Identification Number, if any:
		
	 Address:
	 	

  

 C-6 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 FORM OF NOTICE OF CONTINGENT DISPOSITION ELECTION 
 The Bank of New York Trust Company, N.A. 
   as Collateral Agent
and Securities Registrar 
 10161 Centurion Parkway, 2nd Floor 
 Jacksonville, Florida 32256 
 Attention: Corporate Trust Administration 
 Re: Preferred HITS of BAC Capital Trust XIII 
 The undersigned Holder hereby notifies you pursuant to Section 5.14(f) of the Amended and Restated Declaration of Trust, dated as of February
[    ], 2007, of BAC Capital Trust XIII (the “Declaration”), among Bank of America Corporation, as Sponsor, The Bank of New York, as Property Trustee, The Bank of New York, as Delaware Trustee, the
Regular Trustees (as named therein) and the several Holders of the Trust Securities, and Section 8.03 of the Collateral Agreement, that the Holder: 
 (i) is transferring $              Corporate HITS to the Securities Registrar, and 
 (ii) hereby requests the payment to the Holder, if the upcoming Remarketing is Successful, of an amount in cash for each such Corporate HITS equal to the
proceeds of the sale of $1,000 principal amount of Notes, it being understood that if such Remarketing is not Successful, this Notice shall be disregarded. 
 All capitalized terms used herein that are defined in the Declaration have the meaning set forth therein. The undersigned Holder has paid all applicable fees and expenses relating to such Contingent Exchange Election.

  

			
	Date:	 	Signature Guarantee:
		
	Please print name and address of Registered Holder:	 	
		
	Name:	 	Social Security or other Taxpayer Identification Number, if any:
		
	Address:	 	

  

 C-7 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 {TO BE ATTACHED TO GLOBAL CERTIFICATES} 
 SCHEDULE OF INCREASES AND DECREASES IN GLOBAL CERTIFICATE 
 The following
increases or decreases in this Global Certificate have been made: 
  

							
	 Amount of increase in
Number of
Corporate
HITS evidenced by this
Global Certificate
	 	 Amount of decrease in
Number of Corporate
HITS evidenced by
this
Global Certificate
	 	 Number of Corporate
HITS
evidenced by this Global
Certificate
following such
decrease or increase
	 	 Signature of authorized
signatory of
Securities
Registrar

  

 C-8 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 EXHIBIT D 
 FORM OF TRUST COMMON SECURITIES CERTIFICATE 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND ARE
“RESTRICTED SECURITIES” AS THAT TERM IS DEFINED IN RULE 144 UNDER THE ACT. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT TO A DIRECT OR INDIRECT SUBSIDIARY OF THE SPONSOR IN ACCORDANCE WITH SECTION 5.10
OF THE DECLARATION. 
 THE COMMON SECURITIES REPRESENTED BY THIS CERTIFICATE ARE BENEFICIALLY OWNED BY A PERSON WHO MAY BE AN
“AFFILIATE” WITHIN THE MEANING OF RULE 144 UNDER THE ACT. CONSEQUENTLY, THE SECURITIES MAY NOT BE TRANSFERRED UNLESS SUCH TRANSFER IS IN COMPLIANCE WITH SAID RULE OR UNLESS MADE PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH
SECURITIES UNDER THE ACT OR AN OPINION OF COUNSEL FOR THE TRUST THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT. 
 THIS INSTRUMENT IS NOT A
SAVINGS ACCOUNT OR A BANK DEPOSIT, IS NOT AN OBLIGATION OF OR GUARANTEED BY ANY BANKING AFFILIATE OF BANK OF AMERICA CORPORATION, IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY AND INVOLVES INVESTMENT
RISKS, INCLUDING POSSIBLE LOSS OF PRINCIPAL. 
  

			
	 No.
                    
	 	Number of Trust Common Securities:             
		 	CUSIP No.                     

 BAC Capital Trust XIII 
 [ · ] 
 Common Securities 
 (liquidation amount $1,000 per Common Security) 
 BAC CAPITAL TRUST XIII, a statutory trust formed under the laws of the State of Delaware (the “Trust”), hereby certifies that
[            ] (the “Holder”) is the registered owner of · common securities of the Trust representing undivided common beneficial interests in the assets of the Trust designated the Floating Rate Common Securities (liquidation amount $1,000 per Common Security) (the “Common
Securities”). The Common Securities are transferable on the books and records of the Trust, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer. The designation,
rights, privileges, restrictions, preferences and other terms and provisions of the Common Securities represented hereby are issued and shall in all respects be subject to the provisions of the Amended and Restated Declaration of Trust of the Trust
dated as of February ·, 2007, as the same may be amended from time to time (the “Declaration”), including the designation
of the terms of the Common Securities as set forth in Annex I to 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 Agreement
to the extent provided therein. The Declaration permits the Sponsor 

  

 D-1 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 
to dissolve the Trust at any time. The Sponsor will provide a copy of the Declaration, the Guarantee Agreement and the Indenture to a Holder without charge
upon written request to the Sponsor at its principal place of business. 
 Upon receipt of this certificate, the Sponsor is bound by the
Declaration and is entitled to the benefits thereunder. 
 By acceptance, the Holder agrees to treat, for United States federal income tax
purposes, the Notes as indebtedness and the Common Securities as evidence of indirect beneficial ownership in the Notes. 
 IN WITNESS
WHEREOF, the Trust acting through one of its Regular Trustees has executed this certificate. 
  

			
	 BAC CAPITAL TRUST XIII

		
	 By:
	 	  

	Name:	 	
	Date:	 	

  

 D-2 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 CERTIFICATE OF AUTHENTICATION 
 This certificate represents the Common Securities referred to in the within-mentioned Declaration. 
 Dated: 
  

			
	THE BANK OF NEW YORK
	as Property Trustee
		
	By:	 	  

		 	Authorized Signatory

  

 D-3 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 [FORM OF REVERSE OF SECURITY] 
 Distributions payable on each Common Security will be payable (i) from the date of issuance to the later of March 15, 2012 and the Stock
Purchase Date, at a rate per annum equal to Three-Month LIBOR plus ·% and (ii) thereafter, at a rate per annum equal to the greater of
(A) Three-Month LIBOR plus ·% and (B) ·% (the “Coupon Rate”) of the stated liquidation amount of $1,000 per Common Security. Distributions in arrears will continue to accumulate at the same rate compounded quarterly. A Distribution is payable only to the
extent that payments are made in respect of the Notes held by the Property Trustee and to the extent the Property Trustee has funds available therefor. The amount of Distributions payable for any period will be computed on the basis of a 360-day
year and the number of days actually elapsed. 
 Except as otherwise described below, Distributions on the Common Securities will be
cumulative, will accrue from the date of original issuance and will be payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, beginning on June 15, 2007 (each a
“Distribution Date”), and on the Stock Purchase Date if not otherwise a regular Distribution Date, to Holders of record on the last day of the month immediately prior to such payment dates, which payment dates shall
correspond to the interest payment dates on the Notes. The Note Issuer has the right under the Indenture to defer payments of interest by extending the interest payment period on the Notes from time to time for a period selected by the Note Issuer
not exceeding 28 consecutive quarters (each an “Extension Period”), provided that no Extension Period shall last beyond the date of the maturity of the Notes. As a consequence of such deferral, Distributions
also will be deferred hereunder for the same period. Despite such deferral, quarterly Distributions will continue to accrue with interest thereon (to the extent permitted by applicable law) at the Coupon Rate compounded quarterly during any such
Extension Period. Prior to the termination of any such Extension Period, the Note Issuer may further extend such Extension Period; provided that such Extension Period together with all such previous and further extensions thereof may
not exceed 28 consecutive quarters or extend beyond the maturity date of the Notes. Payments of accrued Distributions will be payable to Holders as they appear on the books and records of the Trust on the first record date after the end of the
Extension Period. Upon the termination of any Extension Period and the payment of all amounts then due, the Note Issuer may commence a new Extension Period, subject to the above requirements. 
 THE COMMON SECURITIES SHALL BE REDEEMABLE AS PROVIDED IN THE DECLARATION. 
  

 D-4 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 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 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 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 Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities and Exchange Act of 1934, as amended. 

  

 D-5 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 EXHIBIT E 
 FORM OF PREFERRED HITS CERTIFICATE 
 {For inclusion in Global Certificates only – THIS
CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE DECLARATION HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (THE “DEPOSITARY”) OR ITS NOMINEE. THIS CERTIFICATE IS
EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE DECLARATION AND NO TRANSFER OF THIS CERTIFICATE (OTHER THAN A TRANSFER OF THIS CERTIFICATE
AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.} 
  

			
	 No.
                    
	  	Number of Preferred HITS:             
		  	CUSIP No.                     

 BAC Capital Trust XIII 
 Preferred HITS 
 This Preferred HITS Certificate certifies that
[            ] is the registered Holder of the number of Preferred HITS set forth above {for inclusion in Global Certificates only - or such other number
of Preferred HITS reflected in the Schedule of Increases and Decreases in the Global Certificate attached hereto}. Each Preferred HITS represents a beneficial interest in BAC Capital Trust XIII (the “Trust”), having a
Liquidation Amount of $1,000. The Preferred HITS 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 as provided in
Section 5.4 of the Declaration (as defined below). The designations, rights, privileges, restrictions, preferences and other terms and provisions of the Preferred HITS are set forth in, and this certificate and the Preferred HITS
represented hereby are issued and shall in all respects be subject to the terms and provisions of the Amended and Restated Declaration of Trust, dated as of February [    ], 2007, as the same may be amended and restated
from time to time (the “Declaration”), including the designation of the terms of the Preferred HITS as set forth therein. The Holder is entitled to the benefits of the Guarantee Agreement entered into by the Sponsor and The
Bank of New York, as Guarantee Trustee, dated as of February [    ], 2007 (the “Guarantee Agreement”). All capitalized terms used herein that are defined in the Declaration have
the meaning set forth therein. 
  

 E-1 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 5.13(b) of the Declaration provides for the procedures pursuant to which Holders of
Preferred HITS may exchange Preferred HITS and Qualifying Treasury Securities for Treasury HITS and Corporate HITS and Section 5.14(d) of the Declaration provides for the procedures pursuant to which Holders of Preferred HITS may elect
to exchange Preferred HITS and Qualifying Treasury Securities for Treasury HITS and Corporate HITS in the event a Remarketing is Successful. The forms of Splitting Notice and Request and Notice of Contingent Exchange Election required to be
delivered in connection therewith are printed on the reverse hereof. 
 A copy of each of the Declaration and the Guarantee Agreement is
available for inspection at the offices of the Property Trustee. 
 Upon receipt of this certificate, the Holder is bound by the Declaration
and is entitled to the benefits thereof. 
 IN WITNESS WHEREOF, the Trust acting through one of its Regular Trustees has executed this
Preferred HITS Certificate. 
  

			
	BAC CAPITAL TRUST XIII, acting through one of its
Regular Trustees
		
	     By:
	 	 
		
	     Name:
	 	 
		
	     Date:
	 	 

  

 E-2 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 CERTIFICATE OF AUTHENTICATION 
 This certificate represents the Preferred HITS referred to in the within-mentioned Declaration. 
 Dated: 
  

			
	 THE BANK OF NEW YORK
 as Property
Trustee

		
	By:	 	  
		 	Authorized Signatory

  

 E-3 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 [FORM OF REVERSE OF SECURITY] 
 Distributions payable on each Preferred HITS will be set at, (i) from the Closing Date to but not including the later of March 15, 2012 and the
Stock Purchase Date (and for each related Distribution Period), Three-Month LIBOR plus ·% per annum (calculated on an Actual/360 Basis) on a
cumulative basis for each Regular Distribution Date to and including the Stock Purchase Date; and (ii) thereafter, for each Distribution Period and related Regular Distribution Date, the greater of (A) Three-Month LIBOR for such
Distribution Period plus ·% and (B) ·%
(calculated on an Actual/360 Basis) on a non-cumulative basis (the “Coupon Rate”). The Coupon Rate is payable on the stated liquidation amount of $1,000 per Preferred HITS, such rate being the rate of interest payable on the
Notes to be held by the Property Trustee on behalf of the Trust. Distributions in arrears will bear interest thereon (to the extent permitted by applicable law) at the Coupon Rate, compounded quarterly. The amount of Distributions payable for any
period will be computed on the basis of a 360-day year and the number of days actually elapsed. 
 Except as otherwise described below,
Distributions on the Preferred HITS will be cumulative, will accrue from the date of original issuance and will be payable quarterly in arrears on (i) each March 15, June 15, September 15 and December 15 commencing
June 15, 2007 (each a “Distribution Date”), and (ii) the Stock Purchase Date if not otherwise a Distribution Date, to the Person in whose name the Preferred HITS is registered at the close of business on the regular
record date for such installment, which will be the last day of the month immediately preceding the month in which the Distribution Date falls. The Trust will make Distributions on the Preferred HITS only to the extent it has received payments from
the Sponsor on the Corresponding Assets. The Sponsor has the right to defer payments on the Corresponding Assets from time to time and in the event of such deferral, Distributions will also be deferred for the same period. 
 THE PREFERRED HITS SHALL BE REDEEMABLE AS PROVIDED IN THE DECLARATION. 
  

 E-4 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 ABBREVIATIONS 
 The following abbreviations, when used in the inscription on the face of this instrument, 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
                     (cust)(minor) Under
 Uniform
Gifts to Minors Act of                     

		
	TENANT:	  	as tenants by the entireties
		
	JT TEN:	  	as joint tenants with right of survivorship and not as tenants in common

 Additional abbreviations may also be used though not in the above list. 
 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 
 (Please insert Social Security or Taxpayer I.D. 
 or other Identifying Number of
Assignee) 
 (Please print or type name and address including Postal Zip Code of Assignee) 
 the within Preferred HITS Certificates and all rights thereunder, hereby irrevocably constituting and appointing attorney
                    , to transfer said Preferred HITS Certificates on the books of BAC Capital Trust XIII with full power of substitution in
the premises. 
  

			
		
	Dated:	 	Signature:
		
	 	 	NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Preferred HITS Certificates in every particular, without alteration or
enlargement or any change whatsoever.
		
	Signature Guarantee:	 	

  

 E-5 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 FORM OF SPLITTING NOTICE AND REQUEST 
 The Bank of New York Trust Company, N.A. 
   as Collateral Agent and Securities Registrar 
 10161 Centurion Parkway, 2nd Floor

 Jacksonville, Florida 32256 
 Attention: Corporate Trust
Administration 
 Re: Preferred HITS of BAC Capital Trust XIII 
 The undersigned Holder hereby notifies you pursuant to Section 5.13(b) of the Amended and Restated Declaration of Trust, dated as of February
[    ], 2007, of BAC Capital Trust XIII (the “Declaration”), among Bank of America Corporation, as Sponsor, The Bank of New York, as Property Trustee, The Bank of New York, as Delaware Trustee, the
Regular Trustees (as named therein) and the several Holders of the Trust Securities, and Section 6.02 of the Collateral Agreement, that the Holder: 
 (i) is depositing the appropriate Qualifying Treasury Securities with The Bank of New York Trust Company, N.A., as Collateral Agent, for deposit in the Collateral Account, 
 (ii) is transferring the related Preferred HITS to the Securities Registrar in connection with an Exchange of such Preferred HITS and Qualifying Treasury
Securities for a Like Amount of Treasury HITS and Corporate HITS, and 
 (iii) hereby requests the delivery to the Holder of such Treasury
HITS and Corporate HITS. 
 All capitalized terms used herein that are defined in the Declaration have the meaning set forth therein. The
undersigned Holder has paid all applicable fees and expenses relating to such Exchange. 
  

			
	Date:	  	Signature Guarantee:
		
	Please print name and address of Registered Holder:	  	
		
	Name:	  	Social Security or other Taxpayer Identification Number, if any:
		
	Address:	  	

  

 E-6 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 FORM OF NOTICE OF CONTINGENT EXCHANGE ELECTION 
 The Bank of New York Trust Company, N.A. 
   as Collateral Agent
and Securities Registrar 
 10161 Centurion Parkway, 2nd Floor 
 Jacksonville, Florida 32256 
 Attention: Corporate Trust Administration 
  

	 	Re:	Preferred HITS of BAC Capital Trust XIII 

 The undersigned
Holder hereby notifies you pursuant to Section 5.14(d) of the Amended and Restated Declaration of Trust, dated as of February [    ], 2007, of BAC Capital Trust XIII (the
“Declaration”), among Bank of America Corporation, as Sponsor, The Bank of New York, as Property Trustee, The Bank of New York, as Delaware Trustee, the Regular Trustees (as named therein) and the
several Holders of the Trust Securities, and Section 8.02 of the Collateral Agreement, that the Holder: 
 (i) is depositing the
appropriate Qualifying Treasury Securities with The Bank of New York Trust Company, N.A., as Collateral Agent, for deposit in the Collateral Account, 
 (ii) is transferring the related Preferred HITS to the Securities Registrar in connection with a Contingent Exchange Election of such Preferred HITS and Qualifying Treasury Securities for a Like Amount of Treasury
HITS and Corporate HITS, and 
 (iii) hereby requests the delivery to the Holder of such Treasury HITS and Corporate HITS if the upcoming
Remarketing is Successful, it being understood that if such Remarketing is not Successful, this Notice shall be disregarded and the Collateral Agent shall return such Qualifying Treasury Securities to the Holder promptly after the Remarketing.

 All capitalized terms used herein that are defined in the Declaration have the meaning set forth therein. The undersigned Holder has paid
all applicable fees and expenses relating to such Contingent Exchange Election. 
  

			
	Date:	  	Signature Guarantee:
		
	Please print name and address of Registered Holder:	  	
		
	Name:	  	Social Security or other Taxpayer Identification Number, if any:
		
	Address:	  	

  

 E-7 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 {TO BE ATTACHED TO GLOBAL CERTIFICATES} 
 SCHEDULE OF INCREASES AND DECREASES IN GLOBAL CERTIFICATE 
 The following
increases or decreases in this Global Certificate have been made: 
  

							
	 Amount of increase in
 Number of Preferred HITS
 evidenced by this Global
 Certificate
	 	 Amount of decrease in
 Number of Preferred HITS
 evidenced by
this Global
 Certificate
	 	 Number of Preferred HITS
 evidenced by this Global
 Certificate
following such
 decrease or increase
	 	 Signature of authorized
 signatory of Securities
 Registrar

  

 E-8 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 EXHIBIT F 
 FORM OF TREASURY HITS CERTIFICATE 
 {For inclusion in Global Certificates only – THIS
CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE DECLARATION HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (THE “DEPOSITARY”) OR ITS NOMINEE. THIS CERTIFICATE IS
EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE DECLARATION AND NO TRANSFER OF THIS CERTIFICATE (OTHER THAN A TRANSFER OF THIS CERTIFICATE
AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.} 
  

			
	No.                     	 	Number of Preferred HITS:                     
		 	CUSIP No.                     

 BAC Capital Trust XIII 
 Treasury HITS 
 This Treasury HITS Certificate certifies that
[            ] is the registered Holder of the number of Treasury HITS set forth above {for inclusion in Global Certificates only - or such other number of Treasury
HITS reflected in the Schedule of Increases and Decreases in the Global Certificate attached hereto}. Each Treasury HITS represents a beneficial interest in BAC Capital Trust XIII (the “Trust”), having a Liquidation Amount of
$1,000. The Treasury HITS 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 as provided in Section 5.4 of
the Declaration (as defined below). The designations, rights, privileges, restrictions, preferences and other terms and provisions of the Treasury HITS are set forth in, and this certificate and the Treasury HITS represented hereby are issued and
shall in all respects be subject to the terms and provisions of the Amended and Restated Declaration of Trust of the Trust, dated as of February [    ], 2007, as the same may be amended and restated from time to time (the
“Declaration”), including the designation of the terms of the Treasury HITS as set forth therein. The Holder is entitled to the benefits of the Guarantee Agreement entered into by the Sponsor and The Bank of New York, as
Guarantee Trustee, dated as of February [    ], 2007 (the “Guarantee Agreement”). All capitalized terms used herein that are defined in the Declaration have the meaning set forth therein.

  

 F-1 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 Section 5.13(d) of the Declaration provides for the procedures pursuant to which Holders of
Corporate HITS and Treasury HITS may exchange them for Preferred HITS and Qualifying Treasury Securities. The form of Recombination Notice required to be delivered in connection therewith is printed on the reverse hereof. 
 A copy of each of the Declaration and the Guarantee Agreement is available for inspection at the offices of the Property Trustee. 
 Upon receipt of this certificate, the Holder is bound by the Declaration and is entitled to the benefits thereof. 
 IN WITNESS WHEREOF, the Trust acting through one of its Regular Trustees has executed this Treasury HITS Certificate. 
  

			
	BAC CAPITAL TRUST XIII, acting through one of its Regular Trustees
		
	    By:	 	  

		
	    Name:	 	  

		
	    Date:	 	  

  

 F-2 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 CERTIFICATE OF AUTHENTICATION 
 This certificate represents the Treasury HITS referred to in the within-mentioned Declaration. 
 Dated: 
  

			
	THE BANK OF NEW YORK
	as Property Trustee
		
	By:	 	  

		 	Authorized Signatory

  

 F-3 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 [FORM OF REVERSE OF SECURITY] 
 Distributions payable on each Treasury HITS will be set at ·% per annum accruing for each Treasury HITS from the Regular Distribution Date immediately preceding its issuance, on a cumulative basis (the “Coupon Rate”). The Coupon Rate is payable on the stated liquidation
amount of $1,000 per Treasury HITS, such rate being the rate of interest payable on the Notes to be held by the Property Trustee on behalf of the Trust. Distributions in arrears will bear interest thereon (to the extent permitted by applicable law)
at the Coupon Rate, compounded quarterly. The amount of Distributions payable for any period will be computed on the basis of a 360-day year and the number of days actually elapsed. 
 Except as otherwise described below, Distributions on the Treasury HITS will be cumulative, will accrue from the date of original issuance and will be
payable quarterly in arrears on (i) each March 15, June 15, September 15 and December 15 commencing the first such date on which Treasury HITS are outstanding (each a “Distribution Date”),
and (ii) the Stock Purchase Date if not otherwise a Distribution Date (provided, however, that in any event the last Distribution Date for the Treasury HITS shall be the Stock Purchase Date), to the Person in whose name the
Treasury HITS is registered at the close of business on the regular record date for such installment, which will be the last day of the month immediately preceding the month in which the Distribution Date falls. The Trust will make Distributions on
the Treasury HITS only to the extent it has received payments from the Sponsor on the Corresponding Assets. The Sponsor has the right to defer payments on the Corresponding Assets from time to time and in the event of such deferral, Distributions
will also be deferred for the same period. 
 THE TREASURY HITS SHALL BE REDEEMABLE AS PROVIDED IN THE DECLARATION. 
  

 F-4 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 ABBREVIATIONS 
 The following abbreviations, when used in the inscription on the face of this instrument, 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
                     (cust)(minor) Under Uniform
 Gifts to Minors Act of                     

		
	TENANT:	  	as tenants by the entireties
		
	JT TEN:	  	as joint tenants with right of survivorship and not as tenants in common

 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 
 (Please insert Social Security or Taxpayer I.D. 
 or other Identifying Number of Assignee) 
 (Please print or type name and address including Postal Zip Code of Assignee) 

the within Treasury HITS Certificates and all rights thereunder, hereby irrevocably constituting and appointing attorney
                    , to transfer said Treasury HITS Certificates on the books of BAC Capital Trust XIII, with full power of substitution in
the premises. 
  

			
	Dated:	 	Signature
		
	 	 	NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Treasury HITS Certificates in every particular, without alteration or enlargement
or any change whatsoever.
		
	SIGNATURE GUARANTEE:	 	

  

 F-5 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 FORM OF RECOMBINATION NOTICE AND REQUEST 
 The Bank of New York Trust Company, N.A. 
 as Collateral Agent and Securities
Registrar 
 10161 Centurion Parkway, 2nd Floor 
 Jacksonville, Florida 32256 
 Attention:
Corporate Trust Administration 
 Re: Treasury HITS and Corporate HITS of BAC Capital Trust XIII 
 The undersigned Holder hereby notifies you pursuant to Section 5.13(d) of the Amended and Restated Declaration of Trust, dated as of February
[    ], 2007, of BAC Capital Trust XIII (the “Declaration”), among Bank of America Corporation, as Sponsor, The Bank of New York, as Property Trustee, The Bank of New York, as Delaware
Trustee, the Regular Trustees (as named therein) and the several Holders of the Trust Securities, and Section 6.03 of the Collateral Agreement, that the Holder: 
 (i) is transferring $             Liquidation Amount of Treasury HITS and
Corporate HITS in connection with an Exchange of such Treasury HITS and Corporate HITS for a Like Amount of Preferred HITS and Qualifying Treasury Securities, 
 (ii) hereby requests the Collateral Agent to release from the Pledge and deliver to the Holder Qualifying Treasury Securities in a principal amount equal to such Liquidation Amount, and 
 (iii) hereby requests the delivery to the Holder of such Preferred HITS of a Like Amount. 
 All capitalized terms used herein that are defined in the Declaration have the meaning set forth therein. The undersigned Holder has paid all applicable
fees and expenses relating to such Exchange. 
  

			
	Date:	  	Signature Guarantee:
		
	Please print name and address of Registered Holder:	  	
		
	Name:	  	Social Security or other Taxpayer Identification Number, if any:
		
	Address:	  	

  

 F-6 
 AMENDED AND RESTATED DECLARATION OF TRUST 

 {TO BE ATTACHED TO GLOBAL CERTIFICATES} 
 SCHEDULE OF INCREASES AND DECREASES IN GLOBAL CERTIFICATE 
 The following
increases or decreases in this Global Certificate have been made: 
  

							
	 Amount of increase in
 Number of Treasury HITS
 evidenced by this
 Global Certificate
	 	 Amount of decrease in
 Number of Treasury HITS
evidenced by this Global
 Certificate
	 	 Number of Treasury HITS
 evidenced by this Global
 Certificate
following such
 decrease or increase
	 	 Signature of authorized
 signatory of Securities
 Registrar

  

 F-7 
 AMENDED AND RESTATED DECLARATION OF TRUST

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