Document:

<PAGE>

                                  Exhibit 4.9.3
                      Amended and Restated Trust Agreement

                              EFSC Capital Trust I

                      AMENDED AND RESTATED TRUST AGREEMENT

                                      AMONG

               Enterprise Financial Services Corp., AS DEPOSITOR,

          Wells Fargo Bank, National Association, AS PROPERTY TRUSTEE,

            Wells Fargo Delaware Trust Company, AS RESIDENT TRUSTEE,

                                       AND

                    THE ADMINISTRATIVE TRUSTEES NAMED HEREIN

                          EFFECTIVE AS OF June 27, 2002

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                         Page
<S>                <C>                                                                                    <C>
ARTICLE I          DEFINED TERMS...........................................................................2

   Section 1.1        Definitions..........................................................................2

ARTICLE II         ESTABLISHMENT OF THE TRUST.............................................................11

   Section 2.1        Name................................................................................11

   Section 2.2        Office of the Resident Trustee; Principal Place of Business of the Trust............11

   Section 2.3        Initial Contribution of Trust Property; Organizational Expenses.....................11

   Section 2.4        Issuance of the Trust Preferred Securities..........................................11

   Section 2.5        Issuance of the Common Securities; Subscription and Purchase of Debentures..........12

   Section 2.6        Declaration of Trust................................................................12

   Section 2.7        Authorization of Trustees to Enter into Certain Transactions........................12

   Section 2.8        Assets of Trust.....................................................................16

   Section 2.9        Title to Trust Property.............................................................16

ARTICLE III        PAYMENT ACCOUNT........................................................................16

   Section 3.1        Payment Account.....................................................................16

ARTICLE IV         DISTRIBUTIONS; REDEMPTION..............................................................17

   Section 4.1        Distributions.......................................................................17

   Section 4.2        Redemption..........................................................................19

   Section 4.3        Subordination of Common Securities..................................................21

   Section 4.4        Payment Procedures..................................................................22

   Section 4.5        Tax Returns and Reports.............................................................22

   Section 4.6        Payment of Taxes, Duties, etc. of the Trust.........................................22

   Section 4.7        Payments Under Indenture............................................................22

ARTICLE V          TRUST SECURITIES CERTIFICATES..........................................................22

   Section 5.1        Initial Ownership...................................................................22

   Section 5.2        The Trust Securities Certificates...................................................23

   Section 5.3        Execution, Authentication and Delivery of Trust Securities Certificates.............23

   Section 5.4        Registration of Transfer and Exchange of Trust Preferred Securities Certificates....24

   Section 5.5        Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates..................28

   Section 5.6        Person Deemed Securityholders.......................................................28
</TABLE>

                                      -i-

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                         Page
<S>                <C>                                                                                    <C>
   Section 5.7        Access to List of Securityholders' Names and Addresses..............................29

   Section 5.8        Maintenance of Office or Agency.....................................................29

   Section 5.9        Appointment of Paying Agent.........................................................29

   Section 5.10       Ownership of Common Securities by Depositor.........................................30

   Section 5.11       Trust Securities Certificates.......................................................30

   Section 5.12       [Reserved.].........................................................................31

   Section 5.13       Rights of Securityholders...........................................................31

ARTICLE VI         ACTS OF SECURITYHOLDERS; MEETINGS; VOTING..............................................32

   Section 6.1        Limitations on Voting Rights........................................................32

   Section 6.2        Notice of Meetings..................................................................33

   Section 6.3        Meetings of Holder/Holders of the Trust Preferred Securities........................33

   Section 6.4        Voting Rights.......................................................................33

   Section 6.5        Proxies, etc........................................................................34

   Section 6.6        Securityholder Action by Written Consent............................................34

   Section 6.7        Record Date for Voting and Other Purposes...........................................34

   Section 6.8        Acts of Securityholders.............................................................34

   Section 6.9        Inspection of Records...............................................................35

ARTICLE VII        REPRESENTATIONS AND WARRANTIES.........................................................36

   Section 7.1        Representations and Warranties of the Bank and the Property Trustee.................36

   Section 7.2        Representations and Warranties of the Delaware Bank and the Resident Trustee........37

   Section 7.3        Representations and Warranties of Depositor.........................................38

ARTICLE VIII       TRUSTEES...............................................................................39

   Section 8.1        Number of Trustees..................................................................39

   Section 8.2        Certain Duties and Responsibilities.................................................39

   Section 8.3        Certain Notices.....................................................................41

   Section 8.4        Certain Rights of the Property Trustee..............................................41

   Section 8.5        Not Responsible for Recitals or Issuance of Securities..............................43

   Section 8.6        May Hold Securities.................................................................43

   Section 8.7        Compensation; Indemnity; Fees.......................................................44

   Section 8.8        Corporate Property Trustee Required; Eligibility of Trustees........................44

   Section 8.9        Conflicting Interests...............................................................45
</TABLE>

                                      -ii-

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                         Page
<S>                <C>                                                                                    <C>
   Section 8.10       Co-Trustees and Separate Trustee....................................................45

   Section 8.11       Resignation and Removal; Appointment of Successor...................................47

   Section 8.12       Acceptance of Appointment by Successor..............................................48

   Section 8.13       Merger, Conversion, Consolidation or Succession to Business.........................49

   Section 8.14       Preferential Collection of Claims Against Depositor or Trust........................49

   Section 8.15       Reports by Property Trustee.........................................................49

   Section 8.16       Reports to the Property Trustee.....................................................49

   Section 8.17       Evidence of Compliance with Conditions Precedent....................................50

   Section 8.18       Delegation of Power.................................................................50

   Section 8.19       Voting..............................................................................50

ARTICLE IX         TERMINATION, LIQUIDATION AND MERGER....................................................51

   Section 9.1        Termination Upon Expiration Date....................................................51

   Section 9.2        Early Termination...................................................................51

   Section 9.3        Termination.........................................................................51

   Section 9.4        Liquidation.........................................................................51

   Section 9.5        Mergers, Consolidations, Amalgamations or Replacements of the Trust.................53

ARTICLE X          MISCELLANEOUS PROVISIONS...............................................................54

   Section 10.1       Limitation of Rights of Securityholders.............................................54

   Section 10.2       Amendment...........................................................................55

   Section 10.3       Severability........................................................................56

   Section 10.4       Governing Law.......................................................................56

   Section 10.5       Payments Due on Non-Business Day....................................................57

   Section 10.6       Successors..........................................................................57

   Section 10.7       Headings............................................................................57

   Section 10.8       Reports, Notices and Demands........................................................57

   Section 10.9       Agreement not to Petition...........................................................58

   Section 10.10      Applicability of Trust Indenture Act; Conflict......................................58

   Section 10.11      Acceptance of Terms of Trust Agreement, Guarantee and Indenture.....................59
</TABLE>

                                     -iii-

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                         Page
EXHIBITS
<S>          <C>
Exhibit A    Form of Certificate of Trust of EFSC Capital Trust I
Exhibit B    Form of Common Security Certificate
Exhibit C    Form of Agreement as to Expenses and Liabilities
Exhibit D    Form of Floating Rate Cumulative Trust Preferred Security Certificate
Exhibit E    Form of Transferee Letter of Representations
Exhibit F    Form of Transferor Letter of Representations
</TABLE>

                                      -iv-

<PAGE>

                      AMENDED AND RESTATED TRUST AGREEMENT

     AMENDED AND RESTATED TRUST AGREEMENT, effective as of June 27, 2002, among
(i) Enterprise Financial Services Corp., a Delaware corporation (including any
successors or assigns, the "Depositor"), (ii) Wells Fargo Bank, National
Association, a national banking association with its principal place of business
in the State of Delaware, as property trustee (the "Property Trustee" and, in
its separate individual capacity and not in its capacity as Property Trustee,
the "Bank"), (iii) Wells Fargo Delaware Trust Company with its principal place
of business in the State of Delaware, as Resident Trustee (the "Resident
Trustee," and, in its separate individual capacity and not in its capacity as
Resident Trustee, the "Delaware Bank") (iv) Frank H. Sanfilippo and Stacey Tate,
as administrative trustees (each an "Administrative Trustee" and together the
"Administrative Trustees") (the Property Trustee, the Resident Trustee and the
Administrative Trustees referred to collectively as the "Trustees"), and (v) the
several Holders (as hereinafter defined).

                                    RECITALS

     WHEREAS, the Depositor, the Resident Trustee, and Administrative Trustees,
have heretofore duly declared and established a business trust pursuant to the
Delaware Business Trust Act by the entering into of that certain Trust
Agreement, effective as of June    , 2002 (the "Original Trust Agreement"), and
                                ---
by the execution and filing by the Resident Trustee and the Administrative
Trustees with the Secretary of State of the State of Delaware of the Certificate
of Trust, filed on June    , 2002, the form of which is attached as Exhibit A;
                        ---
and

     WHEREAS, the parties hereto desire to amend and restate the Original Trust
Agreement in its entirety as set forth herein to provide for, among other
things, (i) the issuance of the Common Securities (as defined herein) by the
Trust (as defined herein) to the Depositor; (ii) the issuance and sale of the
Trust Preferred Securities (as defined herein) by the Trust pursuant to the
Placement Agreement (as defined herein); (iii) the acquisition by the Trust from
the Depositor of all of the right, title and interest in the Debentures (as
defined herein); and (iv) the appointment or continuation, as applicable of the
Trustees;

     NOW THEREFORE, in consideration of the agreements and obligations set forth
herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each party, for the benefit of the
other parties and for the benefit of the Securityholders (as defined herein),
hereby amends and restates the Original Trust Agreement in its entirety and
agrees as follows:

                                    ARTICLE I

                                  DEFINED TERMS

     Section 1.1 Definitions.

     For all purposes of this Trust Agreement, except as otherwise expressly
provided or unless the context otherwise requires:

<PAGE>

          (a) the terms defined in this Article I have the meanings assigned to
     them in this Article I and include the plural as well as the singular;

          (b) 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;

          (c) 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 Trust Agreement; and

          (d) the words "herein", "hereof" and "hereunder" and other words of
     similar import refer to this Trust Agreement as a whole and not to any
     particular Article, Section or other subdivision.

     "Act" has the meaning specified in Section 6.8 hereof.

     "Additional Amount" means, with respect to Trust Securities of a given
Liquidation Amount and/or a given period, the amount of Deferred Interest
accrued on interest in arrears and paid by the Depositor on a Like Amount of
Debentures for such period, but shall not include Additional Sums, if any.

     "Additional Interest" has the meaning specified in Section 1.1 of the
Indenture.

     "Additional Sums" has the meaning specified in Section 1.1 of the
Indenture.

     "Administrative Trustee" means each of Frank H. Sanfilippo and Stacey Tate,
solely in his or her capacity as Administrative Trustee of the Trust continued
hereunder and not in his or her individual capacity, or such Administrative
Trustee's successor in interest in such capacity, or any successor
administrative trustee appointed as herein provided.

     "Affiliate" means, with respect to a specified Person, (a) any Person
directly or indirectly owning, controlling or holding with power to vote 10% or
more of the outstanding voting securities or other ownership interests of the
specified Person, (b) any Person 10% or more of whose outstanding voting
securities or other ownership interests are directly or indirectly owned,
controlled or held with power to vote by the specified Person; (c) any Person
directly or indirectly controlling, controlled by, or under common control with
the specified Person; (d) a partnership in which the specified Person is a
general partner; (e) any officer or director of the specified Person; and (f) if
the specified Person is an individual, any entity of which the specified Person
is an officer, director or general partner.

     "Authenticating Agent" means an authenticating agent with respect to the
Trust Preferred Securities appointed by the Property Trustee pursuant to Section
5.3 hereof.

     "Bank" has the meaning specified in the Preamble to this Trust Agreement.

     "Bankruptcy Event" means, with respect to any Person:

                                      -2-

<PAGE>

          (a) the entry of a decree or order by a court having jurisdiction in
     the premises adjudging such Person bankrupt or insolvent, or approving as
     properly filed a petition seeking liquidation or reorganization of or in
     respect of such Person under the United States Bankruptcy Code of 1978, as
     amended, or any other similar applicable federal or state law, and the
     continuance of any such decree or order unvacated and unstayed for a period
     of 90 days; or the commencement of an involuntary case under the United
     States Bankruptcy Code of 1978, as amended, in respect of such Person,
     which shall continue undismissed for a period of 90 days or entry of an
     order for relief in such case; or the entry of a decree or order of a court
     having jurisdiction in the premises for the appointment on the ground of
     insolvency or bankruptcy of a receiver, custodian, liquidator, trustee or
     assignee in bankruptcy or insolvency of such Person or of its property, or
     for the winding up or liquidation of its affairs, and such decree or order
     shall have remained in force unvacated and unstayed for a period of 90
     days; or

          (b) the institution by such Person of proceedings to be adjudicated a
     voluntary bankruptcy, or the consent by such Person to the filing of a
     bankruptcy proceeding against it, or the filing by such Person of a
     petition or answer or consent seeking liquidation or reorganization under
     the United States Bankruptcy Code of 1978, as amended, or other similar
     applicable Federal or State law, or the consent by such Person to the
     filing of any such petition or to the appointment on the ground of
     insolvency or bankruptcy of a receiver or custodian or liquidator or
     trustee or assignee in bankruptcy or insolvency of such Person or of its
     property, or a general assignment by such Person for the benefit of
     creditors.

     "Bankruptcy Laws" has the meaning specified in Section 10.9 hereof.

     "Board Resolution" means a copy of a resolution certified by the Secretary
of the Depositor to have been duly adopted by the Depositor's Board of
Directors, or such committee of the Board of Directors or officers of the
Depositor to which authority to act on behalf of the Board of Directors has been
delegated, and to be in full force and effect on the date of such certification,
and delivered to the appropriate Trustee.

     "Business Day" means a day other than a Saturday or Sunday, a day on which
banking institutions in Wilmington, Delaware or Minneapolis, Minnesota are
authorized or required by law, executive order or regulation to remain closed,
or a day on which the Property Trustee's Corporate Trust Office or the Corporate
Trust Office of the Debenture Trustee are closed for business.

     "Calculation Agent" has the meaning specified in Section 4.1(d).

     "Certificate of Trust" means the certificate of trust filed with the
Secretary of State of the State of Delaware with respect to the Trust, as
amended or restated from time to time.

     "Change in 1940 Act Law" shall have the meaning set forth in the definition
of "Investment Company Event."

     "Closing Date" means the date of execution and delivery of this Trust
Agreement.

                                      -3-

<PAGE>

     "Code" means the Internal Revenue Code of 1986, as amended.

     "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 hereto as Exhibit B.

     "Common Security" means an undivided common beneficial interest in the
assets of the Trust, having a per share Liquidation Amount of $1,000 and having
the rights provided therefor in this Trust Agreement, including the right to
receive Distributions and a Liquidation Distribution as provided herein.

     "Company" means Enterprise Financial Services Corp., a Delaware corporation
and registered bank holding company under the Bank Holding Company Act of 1956,
as amended.

     "Corporate Trust Office" means the office at which, at any particular time,
the corporate trust business of the Property Trustee or the Debenture Trustee,
as the case may be, shall be principally administered, which office at the date
hereof, in each such case, is c/o Wells Fargo Bank, National Association.

     "Debenture Event of Default" means an "Event of Default" as defined in
Section 7.1 of the Indenture.

     "Debenture Redemption Date" means, with respect to any Debentures to be
redeemed under the Indenture, the date fixed for redemption under the Indenture.

     "Debenture Tax Event" means a "Tax Event" as specified in Section 1.1 of
the Indenture.

     "Debenture Trustee" means Wells Fargo Bank, National Association with its
principal place of business in the State of Delaware and any successor thereto,
acting not in its individual capacity but solely as trustee under the Indenture.

     "Debentures" means the Four Million One Hundred Twenty Four Thousand
Dollars ($4,124,000) aggregate principal amount of the Floating Rate Junior
Subordinated Deferrable Interest Debentures due June 30, 2032, issued by the
Depositor pursuant to the Indenture.

     "Deferred Interest" shall have the meaning set forth in Section 4.1 of the
Indenture.

     "Definitive Trust Preferred Securities Certificates" means Trust Preferred
Securities Certificates issued in certificated, fully registered form as
provided in Section 5.11 hereof.

     "Delaware Bank" has the meaning specified in the Preamble to this Trust
Agreement.

     "Delaware Business Trust Act" means the Delaware Business Trust Act, 12
Del.C. Section 3801, et seq, as it may be amended from time to time.

                                      -4-

<PAGE>

     "Depositor" has the meaning specified in the Preamble to this Trust
Agreement.

     "Distribution Date" has the meaning specified in Section 4.1(a) hereof.

     "Distribution Period" has the meaning set forth in Section 4.1(a) hereof.

     "Distribution Reset Date" has the meaning set forth in Section 4.1(d)
hereof.

     "Distributions" means amounts payable in respect of the Trust Securities as
provided in Section 4.1 hereof.

     "Early Termination Date" has the meaning specified in Section 9.2 hereof.

     "Event of Default" 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):

          (a) the occurrence of a Debenture Event of Default; or

          (b) 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

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

          (d) default in the performance, or breach, in any material respect, of
     any covenant or warranty of the Trustees in this Trust Agreement (other
     than a covenant or warranty a default in the performance of which or the
     breach of which is dealt with in clause (b) or (c), above) and continuation
     of such default or breach for a period of 60 days after there has been
     given, by registered or certified mail, to the defaulting Trustee or
     Trustees by the Holders of at least 25% in aggregate Liquidation Amount of
     the Outstanding Trust Preferred Securities a written notice specifying such
     default or breach and requiring it to be remedied and stating that such
     notice is a "Notice of Default" hereunder; or

          (e) the occurrence of a Bankruptcy Event with respect to the Property
     Trustee and the failure by the Depositor to appoint a successor Property
     Trustee within 60 days thereof.

     "Exchange Act" means the Securities Exchange Act of 1934 or any successor
statute thereto, in each case as amended from time to time.

     "Expense Agreement" means the Agreement as to Expenses and Liabilities
between the Depositor and the Trust, substantially in the form attached hereto
as Exhibit C, as amended from time to time.

     "Expiration Date" has the meaning specified in Section 9.1 hereof.

                                      -5-

<PAGE>

     "Extended Interest Payment Period" has the meaning specified in Section 4.1
of the Indenture.

     "Floating Distribution Rate" has the meaning specified in Section 4.1(b)
hereof.

     "Holder" or "Securityholder" means a Person in whose name a Trust Security
is, or Trust Securities are, registered in the Securities Register; any such
Person is a beneficial owner within the meaning of the Delaware Business Trust
Act.

     "Indenture" means the Indenture, effective as of June 27, 2002, between the
Depositor and the Debenture Trustee, as trustee, as amended or supplemented from
time to time.

     "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 Trust and the Depositor
of an Opinion of Counsel, rendered by a law firm having a recognized national
securities law practice, to the effect that, as a result of the occurrence of a
change in law or regulation or a change in interpretation or application of law
or regulation by any legislative body, court, governmental agency or regulatory
authority (a "Change in 1940 Act Law"), the Trust is or shall be considered an
"investment company" that is required to be registered under the Investment
Company Act, which Change in 1940 Act Law becomes effective on or after the date
of original issuance of the Trust Preferred Securities under this Trust
Agreement; provided, however, that the Depositor or the Administrative Trustees
on behalf of the Trust shall have requested and received such an Opinion of
Counsel with regard to such matters within a reasonable period of time after the
Depositor or the Administrative Trustees on behalf of the Trust shall have
become aware of the possible occurrence of any such event.

     "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 redemption of Trust Securities,
Trust Securities having an aggregate Liquidation Amount equal to the aggregate
principal amount of Debentures to be contemporaneously redeemed in accordance
with the Indenture and the proceeds of which shall be used to pay the Redemption
Price of such Trust Securities; and (b) with respect to a distribution of
Debentures to Holders of Trust Securities in connection with a dissolution or
liquidation of the Trust, Debentures having a principal amount equal to the
Liquidation Amount of the Trust Securities of the Holder to whom such Debentures
are distributed. Each Debenture distributed pursuant to clause (b) above shall
carry with it accrued interest in an amount equal to the accrued and unpaid
interest then due on such Debentures.

     "Liquidation Amount" means the stated amount of $1,000 per Trust Security.

     "Liquidation Date" means the date on which Debentures are to be distributed
to Holders of Trust Securities in connection with a dissolution and liquidation
of the Trust pursuant to Section 9.4(a).

                                      -6-

<PAGE>

     "Liquidation Distribution" has the meaning specified in Section 9.4(d).

     "Majority in Liquidation Amount" means, with respect to the Trust
Securities, except as provided in the terms of the Trust Preferred Securities
or, if the Indenture is then required to be qualified under the Trust Indenture
Act, by the Trust Indenture Act, Holder(s) of Outstanding Trust Securities
voting together as a single class or, as the context may require, Holders of
Outstanding Trust Preferred Securities or Holders of Outstanding Common
Securities voting separately as a class, who are the record owners of more than
50% of the aggregate Liquidation Amount of all Outstanding Trust Securities of
the relevant class.

     "Maturity Date" means the date on which the Debentures mature and on which
the principal shall be due and payable together with all accrued and unpaid
interest thereon including Compounded Interest and Additional Interest (each as
defined in the Indenture), if any.

     "Officers' Certificate" means a certificate signed by the Chief Executive
Officer, President or an Executive Vice President and by the Treasurer or the
Vice President--Finance or the Secretary, of the Depositor, and delivered to the
appropriate Trustee. One of the officers signing an Officers' Certificate given
pursuant to Section 8.17 hereof shall be the principal executive, financial or
accounting officer of the Depositor. Any Officers' Certificate delivered with
respect to compliance with a condition or covenant provided for in this Trust
Agreement shall include:

          (a) a statement that each officer signing the Officers' Certificate
     has read the covenant or condition and the definitions relating thereto;

          (b) a brief statement of the nature and scope of the examination or
     investigation undertaken by each officer in rendering the Officers'
     Certificate;

          (c) a statement that each such officer has made such examination or
     investigation as, in such officer's opinion, is necessary to enable such
     officer to express an informed opinion as to whether or not such covenant
     or condition has been complied with; and

          (d) a statement as to whether, in the opinion of each such officer,
     such condition or covenant has been complied with.

     "Opinion of Counsel" means an opinion in writing of independent, outside
legal counsel for the Trust, the Property Trustee, the Resident Trustee or the
Depositor, who shall be reasonably acceptable to the Property Trustee.

     "Original Trust Agreement" has the meaning specified in the Recitals to
this Trust Agreement.

     "Outstanding", when used with respect to Trust Preferred Securities, means,
as of the date of determination, all Trust Preferred Securities theretofore
executed and delivered under this Trust Agreement, except:

                                      -7-

<PAGE>

          (a) Trust Preferred Securities theretofore canceled by the Property
     Trustee or delivered to the Property Trustee for cancellation;

          (b) Trust Preferred Securities for whose payment or redemption money
     in the necessary amount has been theretofore deposited with the Property
     Trustee or any Paying Agent for the Holders of such Trust Preferred
     Securities; provided that, if such Trust Preferred Securities are to be
     redeemed, notice of such redemption has been duly given pursuant to this
     Trust Agreement; and

          (c) Trust Preferred Securities which have been paid or in exchange for
     or in lieu of which other Trust Preferred Securities have been executed and
     delivered pursuant to Sections 5.4, 5.5 and 5.11; provided, however, that
     in determining whether the Holders of the requisite Liquidation Amount of
     the Outstanding Trust Preferred Securities have given any request, demand,
     authorization, direction, notice, consent or waiver hereunder, Trust
     Preferred Securities owned by the Depositor, any Trustee or any Affiliate
     of the Depositor 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 Trust Preferred Securities that
     such Trustee knows to be so owned shall be so disregarded; and (b) the
     foregoing shall not apply at any time when all of the outstanding Trust
     Preferred Securities are owned by the Depositor, one or more of the
     Trustees and/or any such Affiliate. Trust Preferred Securities so owned
     which have been pledged in good faith may be regarded as Outstanding if the
     pledgee establishes to the satisfaction of the Administrative Trustees the
     pledgee's right to the Trust Preferred Securities of Depositor or any
     Affiliate of the Depositor.

     "Paying Agent" means any paying agent or co-paying agent appointed pursuant
to Section 5.9 hereof and shall initially be the Bank.

     "Payment Account" means a segregated non-interest-bearing corporate trust
account maintained by the Property Trustee with the Bank in its trust department
for the benefit of the Securityholders in which all amounts paid in respect of
the Debentures shall be held and from which the Property Trustee shall make
payments to the Securityholders in accordance with Sections 4.1 and 4.2 hereof.

     "Person" means any individual, corporation, partnership, joint venture,
trust, limited liability company, unincorporated organization or government or
any agency or political subdivision thereof.

     "Placement Agreement" means the Placement Agreement, effective as of June
27, 2002, among the Trust, the Depositor and the Placement Agent named therein.

     "Preferred Securities Guarantee" means the Trust Preferred Securities
Guarantee Agreement executed and delivered by the Depositor and Wells Fargo
Bank, National Association, as trustee, contemporaneously with the execution and
delivery of this Trust Agreement, for the benefit of the holders of the Trust
Preferred Securities, as amended from time to time.

                                      -8-

<PAGE>

     "Property Trustee" means the commercial bank or trust company identified as
the "Property Trustee," in the Preamble to this Trust Agreement solely in its
capacity as Property Trustee of the Trust heretofore formed and continued
hereunder and not in its individual capacity, or its successor in interest in
such capacity, or any successor property trustee appointed as herein provided.

     "Redemption Date" means, with respect to any Trust Security to be redeemed,
the date fixed for such redemption by or pursuant to this Trust Agreement;
provided that (i) each Redemption Date must fall on a Distribution Date, and
(ii) each Debenture Redemption Date and the stated maturity of the Debentures
shall be a Redemption Date for a Like Amount of Trust Securities.

     "Redemption Price" means, with respect to any Trust Security, the
Liquidation Amount of such Trust Security, plus accumulated and unpaid
Distributions to the Redemption Date, plus the related amount of the premium, if
any, paid by the Depositor upon the concurrent redemption of a Like Amount of
Debentures, allocated on a pro rata basis (based on Liquidation Amounts) among
the Trust Securities.

     "Relevant Trustee" shall have the meaning specified in Section 8.11 hereof.

     "Resale Restriction Termination Date" means, with respect to the offer,
sale or other transfer of a Trust Preferred Security, (a) the date which is two
years (or such shorter period of time as permitted by Rule 144(k) under the
Securities Act) after the later of the original issue date of such Trust
Preferred Security and the last date on which the Company or any Affiliate of
the Company was the owner of such Trust Preferred Security (or any predecessor
of the Trust Preferred Security) and (b) such later date, if any, as may be
required by applicable laws.

     "Resident Trustee" means the commercial bank or trust company identified as
the "Resident Trustee" in the Preamble to this Trust Agreement solely in its
capacity as Resident Trustee of the Trust continued hereunder and not in its
individual capacity, or its successor in interest in such capacity, or any
successor Resident Trustee appointed as herein provided.

     "Responsible Officer" when used with respect to the Property Trustee means
any officer assigned to the Corporate Trust Office and having direct
responsibility for the administration of this Trust Agreement, and also, with
respect to a particular matter, any other officer of the Property Trustee to
whom such matter is referred because of such officer's knowledge of and
familiarity with the particular subject.

     "Securities Register" and "Securities Registrar" shall have the respective
meanings specified in Section 5.4 hereof.

     "Securityholder" or "Holder" means a Person in whose name a Trust Security
is, or Trust Securities are, registered in the Securities Register; any such
Person is a beneficial owner within the meaning of the Delaware Business Trust
Act.

     "Three-Month LIBOR Rate" has the meaning specified in Section 4.1(d).

                                      -9-

<PAGE>

     "Trust" means the Delaware business trust created by the filing of the
Certificate of Trust with the Secretary of State of the State of Delaware and
the execution of the Original Trust Agreement, and continued hereby and
identified on the cover page to this Trust Agreement.

     "Trust Agreement" means this Amended and Restated Trust Agreement, as the
same may be modified, amended or supplemented in accordance with the applicable
provisions hereof, including all exhibits hereto, including, for all purposes of
this Trust Agreement and any such modification, amendment or supplement, the
provisions of the Trust Indenture Act, if any, that are deemed to be a part of
and govern this Trust Agreement and any such modification, amendment or
supplement, respectively.

     "Trust Indenture Act" means the Trust Indenture Act of 1939, as amended, 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, as amended, 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 Preferred Securities Certificate" means a certificate evidencing
ownership of Trust Preferred Securities, substantially in the form attached
hereto as Exhibit D.

     "Trust Preferred Security" means an undivided preferred beneficial interest
in the assets of the Trust, having a per share Liquidation Amount of $1,000 and
having the rights provided therefor in this Trust Agreement, including the right
to receive Distributions and a Liquidation Distribution as provided herein.

     "Trust Property" means (a) the Debentures; (b) the rights of the Property
Trustee, if any, under the Guarantee; (c) any cash on deposit in, or owing to,
the Payment Account; (d) the Initial Contribution (as defined in Section 2.3);
and (e) 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 terms of this Trust Agreement.

     "Trust Security" means any one of the Common Securities or the Trust
Preferred Securities.

     "Trust Securities Certificate" means any one of the Common Securities
Certificates or the Trust Preferred Securities Certificates.

     "Trustees" means, collectively, the Property Trustee, the Resident Trustee
and the Administrative Trustees.

                                   ARTICLE II

                           ESTABLISHMENT OF THE TRUST

     Section 2.1 Name.

     The Trust continued hereby shall be known as "EFSC Capital Trust I," as
such name may be modified from time to time by the Administrative Trustees
following written notice to the Holders of Trust Securities and the other
Trustees, in which name the Trustees and the Depositor

                                      -10-

<PAGE>

may engage in the transactions contemplated hereby, make and execute contracts
and other instruments on behalf of the Trust and sue and be sued.

     Section 2.2 Office of the Resident Trustee; Principal Place of Business of
the Trust.

     The address of the Resident Trustee is c/o Wells Fargo Delaware Trust
Company, 919 Market Street, Suite 700, Wilmington, Delaware 19801, Attn:
Corporate Trust Administration, or such other address as the Resident Trustee
may designate by written notice to the Securityholders and the Depositor. The
principal executive office of the Trust is 919 Market Street, Suite 700,
Wilmington, Delaware 19801.

     Section 2.3 Initial Contribution of Trust Property; Organizational
Expenses.

     The Resident Trustee and Administrative Trustees acknowledge receipt in
trust from the Depositor in connection with the Original Trust Agreement of the
sum of One Hundred Dollars ($100) (the "Initial Contribution"), which
constituted the initial Trust Property; and the Property Trustee acknowledges
receipt of all Trust Property pursuant to this Agreement. The Depositor 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 Depositor shall make no claim upon the Trust Property for the
payment of such expenses.

     Section 2.4 Issuance of the Trust Preferred Securities.

     Contemporaneously with the execution and delivery of this Trust Agreement,
an Administrative Trustee, on behalf of the Trust, shall execute and cause to be
delivered in accordance with Sections 5.2 and 5.3 Trust Preferred Securities
Certificates, registered in the name of the Persons entitled thereto in an
aggregate amount of Four Thousand (4,000) Trust Preferred Securities having an
aggregate Liquidation Amount of Four Million Dollars ($4,000,000) against
receipt of the aggregate purchase price of such Trust Preferred Securities of
Four Million Dollars ($4,000,000), which amount such Administrative Trustee
shall promptly deliver to the Property Trustee.

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

     Contemporaneously with the execution and delivery of this Trust Agreement,
an Administrative Trustee, on behalf of the Trust, shall execute and cause to be
delivered to the Depositor in accordance with Sections 5.2 and 5.3, a Common
Securities Certificate, registered in the name of the Depositor, in an aggregate
amount of One Hundred Twenty Four (124) Common Securities having an aggregate
Liquidation Amount of One Hundred Twenty Four Thousand Dollars ($124,000)
against payment by the Depositor of such amount. Contemporaneously therewith, an
Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase
from the Depositor Debentures, registered in the name of the Property Trustee on
behalf of the Trust and having an aggregate principal amount equal to Four
Million One Hundred Twenty Four Thousand Dollars ($4,124,000), and, in
satisfaction of the purchase price for such Debentures, the Property Trustee, on
behalf of the Trust, shall deliver to the Depositor the sum of Four Million One
Hundred Twenty Four Thousand Dollars ($4,124,000).

                                      -11-

<PAGE>

     Section 2.6 Declaration of Trust.

     The exclusive purposes and functions of the Trust are (a) to issue and sell
Trust Securities and use the proceeds from such sale to acquire the Debentures;
(b) to make distributions as provided herein; (c) to enter into the agreements,
documents, and instruments necessary to accomplish (a) and (b); and (d) to
engage in those activities necessary, advisable or incidental thereto. The
Depositor hereby appoints, or confirms the appointment of, as the case may be,
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, or confirm their
acceptance, as the case may be, of such appointments. The Property Trustee
hereby declares that it shall hold the Trust Property in trust upon and subject
to the conditions set forth herein for the benefit of the Securityholders. The
Administrative 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 Resident Trustee shall not be entitled to exercise
any powers, nor shall the Resident Trustee have any of the duties and
responsibilities, of the Property Trustee or the Administrative Trustees set
forth herein. The Resident Trustee shall be one of the Trustees of the Trust for
the sole and limited purpose of fulfilling the residency requirements of
applicable sections of the Delaware Business Trust Act.

     Section 2.7 Authorization of Trustees to Enter into Certain Transactions.

          (a) The Trustees shall conduct the affairs of the Trust in accordance
     with the terms of this Trust Agreement. Subject to the limitations set
     forth in paragraph (b) of this Section 2.7 and Article VIII hereof, and in
     accordance with the following provisions (i) and (ii), the Administrative
     Trustees shall have the authority to enter into all transactions and
     agreements determined by the Administrative Trustees to be appropriate in
     exercising the authority, express or implied, otherwise granted to the
     Administrative Trustees under this Trust Agreement, and to perform all acts
     in furtherance thereof, including without limitation, the acts set forth in
     the following provision (i):

          (i)  As among the Trustees, each Administrative Trustee, acting singly
               or jointly, shall have the power and authority to act on behalf
               of the Trust with respect to the following matters:

               (A)  the issuance and sale of the Trust Securities and the
                    compliance with the Placement Agreement in connection
                    therewith;

               (B)  to cause the Trust to enter into, and to execute, deliver
                    and perform on behalf of the Trust, the Expense Agreement
                    and such other agreements or documents as may be necessary
                    or desirable in connection with the purposes and function of
                    the Trust;

               (C)  assisting in the registration of the Trust Preferred
                    Securities under state securities or blue sky laws, if
                    required, and the qualification of this Trust Agreement as a
                    trust indenture under the Trust Indenture Act, if required;

               (D)  the application for a taxpayer identification number for the
                    Trust;

                                      -12-

<PAGE>

               (E)  the sending of notices (other than notices of default) and
                    other information regarding the Trust Securities and the
                    Debentures to the Securityholders in accordance with this
                    Trust Agreement;

               (F)  the appointment of a Paying Agent, Authenticating Agent and
                    Securities Registrar in accordance with this Trust
                    Agreement;

               (G)  to acquire as trust assets Debentures with the proceeds of
                    the sale of the Trust Securities;

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

               (I)  the taking of all action that may be necessary or
                    appropriate for the preservation and the continuation of the
                    Trust's valid existence, rights, franchises and privileges
                    as a statutory business trust under the laws of the State of
                    Delaware and of each other jurisdiction in which such
                    existence is necessary to protect the limited liability of
                    the Holders of the Trust Preferred Securities or to enable
                    the Trust to effect the purposes for which the Trust was
                    created; and

               (J)  the taking of any action incidental to the foregoing as the
                    Administrative Trustees may from time to time determine is
                    necessary or advisable to give effect to the terms of this
                    Trust Agreement for the benefit of the Securityholders
                    (without consideration of the effect of any such action on
                    any particular Securityholder).

          (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 and maintenance of the Payment Account;

               (B)  the receipt of the Debentures;

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

               (D)  the distribution of amounts owed to the Securityholders in
                    respect of the Trust Securities in accordance with the terms
                    of this Trust Agreement;

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

                                      -13-

<PAGE>

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

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

               (H)  to the extent provided in this Trust Agreement, the winding
                    up of the affairs of and liquidation of the Trust;

               (I)  after an Event of Default, the taking of any action
                    incidental to the foregoing as the Property Trustee may from
                    time to time determine in good faith is necessary or
                    advisable to give effect to the terms of this Trust
                    Agreement and protect and conserve the Trust Property for
                    the benefit of the Securityholders (without consideration of
                    the effect of any such action on any particular
                    Securityholder);

               (J)  registering transfers of the Trust Securities in accordance
                    with this Trust Agreement; and

               (K)  engaging in such ministerial activities as shall be
                    necessary or appropriate to effect the redemption of the
                    Trust Securities to the extent the Debentures are redeemed
                    or mature.

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
Administrative Trustees set forth in Section 2.7(a)(i).

          (b) So long as this Trust Agreement remains in effect, the Trust (or
     the Trustees acting on behalf of the Trust) shall not undertake any
     business, activities or transaction except as expressly provided herein or
     contemplated hereby. In particular, the Trustees shall not, on behalf of
     the Trust (i) acquire any investments or engage in any activities not
     authorized by this Trust Agreement; (ii) sell, assign, transfer, exchange,
     mortgage, pledge, set-off or otherwise dispose of any of the Trust Property
     or interests therein, including to Securityholders, except as expressly
     provided herein; (iii) take any action that would cause the Trust to fail
     or cease to qualify as a "grantor trust" for United States federal income
     tax purposes; (iv) incur any indebtedness for borrowed money or issue any
     other debt; or (v) take or consent to any action that would result in the
     placement of a Lien on any of the Trust Property. The Administrative
     Trustees 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 Securityholders in their capacity as Securityholders.

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

                                      -14-

<PAGE>

          (i)  the determination of the states in which to take appropriate
               action to qualify or, register for sale all or part of the Trust
               Preferred Securities and to do any and all such acts, other than
               actions which must be taken by or on behalf of the Trust, and
               advise the Trustees of actions they must take on behalf of the
               Trust, and prepare for execution and filing any documents to be
               executed and filed by the Trust or on behalf of the Trust, as the
               Depositor deems necessary or advisable in order to comply with
               the applicable laws of any such States; and

          (ii) the negotiation of the terms of, and the execution and delivery
               of, the Placement Agreement providing for the sale of the Trust
               Preferred Securities; and

          (iii) 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
     Administrative Trustees are authorized and directed to conduct the affairs
     of the Trust and to operate the Trust so that the Trust shall not be deemed
     to be an "investment company" required to be registered under the
     Investment Company Act, shall be classified as a "grantor trust" and not as
     an association taxable as a corporation for United States federal income
     tax purposes and so that the Debentures shall be treated as indebtedness of
     the Depositor for United States federal income tax purposes. In this
     connection, subject to Section 10.2, the Depositor and the Administrative
     Trustees are authorized to take any action and the Administrative Trustees
     are authorized to direct the Property Trustee in writing to take any
     action, not inconsistent with applicable law or this Trust Agreement, that
     each of the Depositor and the Administrative Trustees determines in their
     discretion to be necessary or desirable for such purposes. The Property
     Trustee shall take any action so directed by one or more of the
     Administrative Trustees.

     Section 2.8 Assets of Trust.

     The assets of the Trust shall consist 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 for the benefit of the Securityholders in accordance with
this Trust Agreement.

                                   ARTICLE III

                                 PAYMENT ACCOUNT

     Section 3.1 Payment Account.

          (a) On the Closing Date, the Property Trustee shall establish the
     Payment Account. The Property Trustee and any agent of the Property Trustee
     shall have exclusive

                                      -15-

<PAGE>

     control and sole right of withdrawal with respect to the Payment Account
     for the purpose of making deposits and withdrawals from the Payment Account
     in accordance with this Trust Agreement. All money and other 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 Securityholders and for distribution as herein provided, including (and
     subject to) any priority of payments provided for herein.

          (b) The Property Trustee shall deposit in the Payment Account,
     promptly upon receipt, all payments of principal of or interest on, and any
     other payments or proceeds with respect to, the Debentures. Amounts held in
     the Payment Account shall not be invested by the Property Trustee pending
     distribution thereof.

                                   ARTICLE IV

                            DISTRIBUTIONS; REDEMPTION

     Section 4.1 Distributions.

          (a) Distributions on the Trust Securities shall be cumulative, and
     shall accumulate whether or not there are funds of the Trust available for
     the payment of Distributions. Distributions shall accumulate from June 27,
     2002, and, except during any Extended Interest Payment Period with respect
     to the Debentures, shall be payable quarterly in arrears on March 30, June
     30, September 30 and December 30 of each year, commencing on September 30,
     2002 (each such quarter, a "Distribution Period"). If any date on which a
     Distribution is otherwise payable on the Trust Securities is not a Business
     Day, then the payment of such Distribution shall be made on the next
     succeeding day that is a Business Day (and without any increase in the
     amount of interest or other payment in respect of any such delay) except
     that, if such Business Day is in the next succeeding calendar year, such
     payment shall be made on the immediately preceding Business Day (and
     without any reduction in the amount of interest or any other payment in
     respect of any such acceleration), in each case with the same force and
     effect as if made on such date (each date on which Distributions are
     payable in accordance with this Section 4.1(a), a "Distribution Date").

          (b) The Trust Securities represent undivided beneficial interests in
     the Trust Property, and the Distributions on the Trust Securities shall be
     payable at a floating rate ("Floating Distribution Rate") of
     [________________] per annum over the Three Month LIBOR Rate (as defined
     below) from time to time in effect on the Liquidation Amount of the Trust
     Securities. The Floating Distribution Rate for each Distribution Period
     will be set pursuant to Section 4.1(d) of this Article IV; provided, that
     the initial Floating Distribution Rate will be set on June 27, 2002. In no
     event shall the Floating Distribution Rate exceed 12% prior to June 30,
     2007.

          (c) The amount of Distributions payable for any full Distribution
     Period shall be computed on the basis of a 360-day year of twelve 30-day
     months. The amount of Distributions for any partial period shall be
     computed on the basis of the number of days elapsed in a 360-day year of
     twelve 30-day months. During any Extended Interest

                                      -16-

<PAGE>

     Payment Period with respect to the Debentures, Distributions on the Trust
     Preferred Securities shall be deferred for a period equal to the Extended
     Interest Payment Period. The amount of Distributions payable for any period
     shall include the Additional Amounts, if any.

          (d) The "Three-Month LIBOR Rate" shall mean the rate determined in
     accordance with the following provisions:

          (i)  On the second London business day preceding each Distribution
               Date (each such date, a "Distribution Reset Date"), Wells Fargo
               Bank, National Association (the "Calculation Agent"), will
               determine the Three-Month LIBOR Rate which shall be the rate for
               deposits in the London interbank market in U.S. dollars having a
               three-month maturity commencing on the second London business day
               immediately following such Distribution Reset Date which appears
               on the Telerate Page 3750 as of 11:00 a.m., London time, on such
               Distribution Reset Date. "Telerate Page 3750" means the display
               on Page 3750 of the Dow Jones Telerate Service (or such other
               page as may replace that page on that service for the purpose of
               displaying London interbank offered rates of major banks for U.S.
               dollar deposits). If the Three-Month LIBOR Rate on such
               Distribution Reset Date does not appear on the Telerate Page
               3750, such Three-Month LIBOR Rate will be determined as described
               in (ii) below. London business day means any day on which
               dealings in deposits in U.S. dollars are transacted in the London
               interbank market.

          (ii) With respect to a Distribution Reset Date for which the
               Three-Month LIBOR Rate does not appear on the Telerate Page 3750
               as specified in (i) above, the Calculation Agent will request the
               principal London offices of each of Barclays Bank PLC, Midland
               Bank PLC and National Westminster Bank PLC in the London
               interbank market, as selected in good faith by the Calculation
               Agent, to provide the Calculation Agent with its offered
               quotation for deposits in U.S. dollars having a three-month
               maturity commencing on the second London business day immediately
               following such Distribution Reset Date to prime banks in the
               London interbank market at approximately 11:00 a.m., London time,
               on such Distribution Reset Date and in a principal amount that is
               representative for a single transaction in such market at such
               time. If at least two such quotations are provided, the
               Three-Month LIBOR Rate on such Distribution Reset Date will be
               the arithmetic mean (rounded upwards, if necessary, to the
               nearest one hundred-thousandth of a percentage point, with five
               or more one-millionths of one percentage point rounded upwards)
               of such quotations. If fewer than two quotations are provided,
               the Three-Month LIBOR Rate determined on such Distribution Reset
               Date will be the arithmetic mean (rounded upwards, if necessary,
               to the nearest one hundred-thousandth of a percentage point, with
               five or more one-millionths of one percentage point rounded
               upwards) of the rates quoted at approximately 11:00 a.m., New
               York City time, on such Distribution

                                      -17-

<PAGE>

               Reset Date for loans in U.S. dollars to leading European banks,
               having a three-month maturity commencing on the second London
               business day immediately following such Distribution Reset Date
               and in a principal amount that is representative for a single
               transaction in such market at such time by J.P. Morgan Chase &
               Co, Citibank and Bank of New York in New York City; provided,
               however, if the banks so selected by the Calculation Agent are
               not quoting as aforesaid, the Three-Month LIBOR Rate with respect
               to such Distribution Reset Date will be the Three-Month LIBOR
               Rate in effect on such Distribution Reset Date.

          (e) Distributions on the Trust Securities shall be made by the
     Property Trustee solely from the Payment Account and shall be payable on
     each Distribution Date only to the extent that the Trust has funds on hand
     and immediately and legally available by 12:30 p.m. New York City time on
     each Distribution Date in the Payment Account for the payment of such
     Distributions.

          (f) Distributions on the Trust Securities with respect to a
     Distribution Date shall be payable to the Holders thereof as they appear on
     the Securities Register on the relevant record date, which shall be the
     15th day of the month in which the relevant Distribution Date occurs, which
     Distribution Dates correspond to the interest payment dates on the
     Debentures.

     Section 4.2 Redemption

          (a) On each Debenture Redemption Date and on the maturity of the
     Debentures, the Trust shall be required to redeem a Like Amount of Trust
     Securities at the Redemption Price.

          (b) Notice of redemption shall be given by the Property Trustee 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 Trust Securities to be
     redeemed, at such Holder's address appearing in the Securities Register.
     The Property Trustee shall have no responsibility for the accuracy of any
     CUSIP number, if any, contained in such notice. All notices of redemption
     shall state:

          (i)  the Redemption Date;

          (ii) the Redemption Price;

          (iii) the CUSIP number, if any;

          (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 to be redeemed;

          (v)  that, on the Redemption Date, the Redemption Price shall become
               due and payable upon each such Trust Security to be redeemed and
               that

                                      -18-

<PAGE>

               Distributions thereon shall cease to accumulate on and after said
               date, except as provided in Section 4.2(d); and

          (vi) the place or places at which Trust Securities are to be
               surrendered for the payment of the Redemption Price.

          (c) The Trust Securities redeemed on each Redemption Date shall be
     redeemed at the Redemption Price with the proceeds from the contemporaneous
     redemption of Debentures. 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 immediately and legally available funds then
     on hand and legally available in the Payment Account for the payment of
     such Redemption Price.

          (d) If the Property Trustee gives a notice of redemption in respect of
     any Trust Preferred Securities, then, by 12:00 noon, New York City time, on
     the Redemption Date, subject to Section 4.2(c), the Property Trustee,
     subject to Section 4.2(c), shall deposit with the Paying Agent funds
     sufficient to pay the applicable Redemption Price and shall give the Paying
     Agent irrevocable instructions and authority to pay the Redemption Price to
     the Holders thereof upon surrender of their Trust Preferred Securities
     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, (i) all rights of Securityholders holding Trust Securities so
     called for redemption shall cease with respect to such Trust Securities,
     except the right of such Securityholders to receive the Redemption Price,
     without interest, (ii) such Trust Securities shall cease to be Outstanding,
     and (iii) any Trust Securities Certificates will be deemed to represent
     Debentures having a principal amount equal to the stated Liquidation Amount
     of the Trust Securities represented thereby and bearing accrued and unpaid
     interest in an amount equal to the accumulated and unpaid Distributions on
     such Trust Securities until such certificates are presented to the
     Securities Registrar for transfer or reissuance. In the event that any date
     on which any Redemption Price is payable is not a Business Day, then
     payment of the Redemption Price payable on such date shall be made on the
     next succeeding day that is a Business Day (and without any interest or
     other payment in respect of any such delay) except that, if such Business
     Day is in the next succeeding calendar year, such payment shall be made on
     the immediately preceding Business Day (and without any reduction of
     interest or any other payment in respect of any such acceleration), in each
     case with the same force and effect as if made on such date. 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 Depositor pursuant to the Preferred Securities
     Guarantee, Distributions on such Trust Securities shall continue to
     accumulate, at the then applicable rate, 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 shall be the date fixed for redemption for purposes of calculating the
     Redemption Price.

                                      -19-

<PAGE>

          (e) Payment of the Redemption Price on the Trust Securities shall be
     made to the record holders thereof as they appear on the Securities
     Register for the Trust Securities on the relevant record date, which shall
     be the date 15 days prior to the relevant Redemption Date.

          (f) Subject to Section 4.3(a), if less than all the Outstanding Trust
     Securities are to be redeemed on a Redemption Date, then the aggregate
     Liquidation Amount of Trust Securities to be redeemed shall be allocated on
     a pro rata basis (based on Liquidation Amounts) among the Common Securities
     and the Trust Preferred Securities. The particular Trust Preferred
     Securities to be redeemed shall be selected not more than 60 days prior to
     the Redemption Date by the Property Trustee from the Outstanding Trust
     Preferred Securities not previously called for redemption, by such method
     (including, without limitation, by lot) as the Property Trustee shall deem
     fair and appropriate and which may provide for the selection for redemption
     of portions (equal to such Liquidation Amount or an integral multiple of
     such Liquidation Amount in excess thereof) of the Liquidation Amount of the
     Trust Preferred Securities of a denomination larger than such Liquidation
     Amount, provided, however, that in the event the redemption relates only to
     Trust Preferred Securities held by the Depositor being redeemed in exchange
     for a Like Amount of Debentures, the Property Trustee shall select the
     particular Trust Preferred Securities for redemption. The Property Trustee
     shall promptly notify the Securities Registrar in writing of the Trust
     Preferred Securities selected for redemption and, in the case of any Trust
     Preferred Securities selected for partial redemption, the Liquidation
     Amount thereof to be redeemed. For all purposes of this Trust Agreement,
     unless the context otherwise requires, all provisions relating to the
     redemption of Trust Preferred Securities shall relate, in the case of any
     Trust Preferred Securities redeemed or to be redeemed only in part, to the
     portion of the Liquidation Amount of Trust Preferred Securities which has
     been or is to be redeemed.

     Section 4.3 Subordination of Common Securities.

          (a) Payment of Distributions (including Additional Amounts, if
     applicable) on, and the Redemption Price of, the Trust Securities, as
     applicable, shall be made, subject to Section 4.2(f), pro rata among the
     Common Securities and the Trust Preferred Securities based on the
     Liquidation Amount of the Trust Securities; provided, however, that if on
     any Distribution Date or Redemption Date any Event of Default resulting
     from a Debenture Event of Default shall have occurred and be continuing, no
     payment of any Distribution (including Additional Amounts, if applicable)
     on, or Redemption Price of, any Common Security, and no other payment on
     account of the redemption, liquidation or other acquisition of Common
     Securities, shall be made unless payment in full in cash of all accumulated
     and unpaid Distributions (including Additional Amounts, if applicable) on
     all Outstanding Trust Preferred Securities for all Distribution Periods
     terminating on or prior thereto, or in the case of payment of the
     Redemption Price the full amount of such Redemption Price on all
     Outstanding Trust Preferred Securities then called for redemption, shall
     have been made or provided for, and all funds immediately and legally
     available to the Property Trustee shall first be applied to the payment in
     full in cash of all Distributions (including Additional Amounts, if
     applicable) on, or the Redemption Price of, Trust Preferred Securities then
     due and payable.

                                      -20-

<PAGE>

          (b) In the case of the occurrence of any Event of Default resulting
     from a Debenture Event of Default, the Holder of the Common Securities
     shall be deemed to have waived any right to act with respect to any such
     Event of Default under this Trust Agreement until the effect of all such
     Events of Default with respect to the Trust Preferred Securities shall have
     been cured, waived or otherwise eliminated. Until any such Event of Default
     under this Trust Agreement with respect to the Trust Preferred Securities
     shall have been so cured, waived or otherwise eliminated, the Property
     Trustee shall act solely on behalf of the Holders of the Trust Preferred
     Securities and not the Holder of the Common Securities, and only the
     Holders of the Trust Preferred Securities shall have the right to direct
     the Property Trustee to act on their behalf.

     Section 4.4 Payment Procedures.

     Payments of Distributions (including Additional Amounts, if applicable) in
respect of the Trust Preferred Securities shall be made by check mailed to the
address of the Person entitled thereto as such address shall appear on the
Securities Register on the relevant record date. Payments in respect of the
Common Securities shall be made in such manner as shall be mutually agreed
between the Property Trustee and the Holder of the Common Securities.

     Section 4.5 Tax Returns and Reports.

     The Administrative Trustees shall prepare (or cause to be prepared), at the
Depositor's expense, and file all information returns and reports required to be
filed by or in respect of the Trust by applicable taxing authorities. In this
regard, the Administrative Trustees shall (a) prepare and file (or cause to be
prepared and filed) the appropriate 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 Securityholder the appropriate forms
required to be furnished to such Securityholder or the information required to
be provided on such forms. The Administrative Trustees shall provide the
Depositor with a copy of all such returns and reports promptly after such filing
or furnishing. The Property Trustee shall comply with all applicable withholding
and backup withholding tax laws and information reporting requirements with
respect to any payments to Securityholders under the Trust Securities.

     Section 4.6 Payment of Taxes, Duties, etc. of the Trust.

     Upon receipt under the Debentures of Additional Sums (as defined in Section
1.1 of the Indenture), the Property Trustee, at the written direction of an
Administrative Trustee or the Depositor, shall promptly pay any taxes, duties or
governmental charges of whatsoever nature imposed on the Trust by the United
States or any other taxing authority.

     Section 4.7 Payments Under Indenture.

     Any amount payable hereunder to any record holder of Trust Preferred
Securities shall be reduced by the amount of any corresponding payment such
Holder has directly received under the Indenture pursuant to Section 5.13(b) or
(c) hereof.

                                      -21-

<PAGE>

                                    ARTICLE V

                          TRUST SECURITIES CERTIFICATES

     Section 5.1 Initial Ownership.

     Upon the creation of the Trust and the contribution by the Depositor
pursuant to Section 2.3 hereof and until the issuance of the Trust Securities,
and at any time during which no Trust Securities are Outstanding, the Depositor
shall be the sole beneficial owner of the Trust.

     Section 5.2 The Trust Securities Certificates.

     Subject to Sections 5.4(h) and (i), the Trust Preferred Securities
Certificates shall be issued in minimum denominations of the Liquidation Amount
and integral multiples of such Liquidation Amount in excess thereof, and the
Common Securities Certificates shall be issued in denominations of the
Liquidation Amount and integral multiples thereof. The Trust Securities
Certificates shall be executed on behalf of the Trust by manual or facsimile
signature of at least one Administrative Trustee. Trust Securities Certificates
bearing the manual or facsimile signatures of individuals who were, at the time
when such signatures shall have been affixed, authorized to sign on behalf of
the Trust, shall be validly issued and entitled to the benefits of this Trust
Agreement, notwithstanding that such individuals or any of them shall have
ceased to be so authorized prior to the delivery of such Trust Securities
Certificates or did not hold such offices at the date of delivery of such Trust
Securities Certificates. A transferee of a Trust Securities Certificate shall
become a Securityholder, and shall be entitled to the rights and subject to the
obligations of a Securityholder hereunder, upon due registration of such Trust
Securities Certificate in such transferee's name pursuant to Sections 5.4, 5.11
and 5.13 hereof.

     Section 5.3 Execution, Authentication and Delivery of Trust Securities
Certificates.

          (a) On the Closing Date, the Administrative Trustees shall cause Trust
     Securities Certificates, in an aggregate Liquidation Amount as provided in
     Sections 2.4 and 2.5 hereof, to be executed on behalf of the Trust by the
     manual or facsimile signature of at least one of the Administrative
     Trustees, cause the Common Securities Certificate to be delivered to the
     Depositor, and cause the Trust Preferred Securities Certificates to be
     delivered to the Property Trustee and upon receipt of such delivery the
     Property Trustee shall authenticate such Trust Preferred Securities
     Certificates and deliver such Trust Preferred Securities Certificates, upon
     written order of the Administrative Trustees on behalf of the Trust, as set
     forth below, in authorized denominations.

          (b) A Trust Preferred Securities Certificate shall not be valid until
     authenticated by the manual signature of an authorized signatory of the
     Property Trustee. The signature shall be conclusive evidence that the Trust
     Preferred Securities Certificate has been authenticated under this Trust
     Agreement. Each Trust Preferred Security Certificate shall be effective the
     date of its authentication.

                                      -22-

<PAGE>

     Upon the written order of the Trust signed by one of the Administrative
Trustees, the Property Trustee shall authenticate and make available for
delivery the Trust Preferred Securities Certificates.

     The Property Trustee may appoint an Authenticating Agent acceptable to the
Trust to authenticate the Trust Preferred Securities Certificates. An
Authenticating Agent may authenticate the Trust Preferred Securities
Certificates whenever the Property Trustee may do so. Each reference in this
Trust Agreement to authentication by the Property Trustee includes
authentication by such agent. An Authenticating Agent has the same rights as the
Property Trustee to deal with the Company or the Trust.

     Section 5.4 Registration of Transfer and Exchange of Trust Preferred
Securities Certificates.

          (a) The Depositor shall keep or cause to be kept, at the office or
     agency maintained pursuant to Section 5.8 hereof, a register or registers
     for the purpose of registering Trust Securities Certificates and transfers
     and exchanges of Trust Securities Certificates (herein referred to as the
     "Securities Register") in which the registrar designated by the Depositor
     (the "Securities Registrar"), subject to such reasonable regulations as it
     may prescribe, shall provide for the registration of Trust Preferred
     Securities Certificates and Common Securities Certificates (subject to
     Section 5.10 hereof in the case of the Common Securities Certificates) and
     registration of transfers and exchanges of Trust Preferred Securities
     Certificates as herein provided. The Securities Registrar shall not be
     required to register the transfer of any Trust Preferred Securities that
     have been called for redemption. The Property Trustee shall be the initial
     Securities Registrar.

          (b) Upon surrender for registration of transfer of any Trust Preferred
     Securities Certificate at the office or agency maintained pursuant to
     Section 5.8 hereof, the Administrative Trustees or any one of them shall,
     if the requirements for such transfer, as set forth herein and on the Trust
     Preferred Securities Certificate, are met, execute by manual or facsimile
     signature and deliver and the Property Trustee shall, upon written order of
     one of the Administrative Trustees on behalf of the Trust, authenticate and
     make available for delivery, in the name of the designated transferee or
     transferees, one or more new Trust Preferred Securities Certificates in
     authorized denominations of a like aggregate Liquidation Amount effective
     the date of execution by such Administrative Trustee or Trustees. At the
     option of a Holder, Trust Preferred Securities Certificates may be
     exchanged for other Trust Preferred Securities Certificates in authorized
     denominations of the same class and of a like aggregate Liquidation Amount
     upon surrender of the Trust Preferred Securities Certificates to be
     exchanged at the office or agency maintained pursuant to Section 5.8. The
     procedures for exchanges shall be the same for transfers as set forth in
     this Subsection 5.4(b).

          (c) The Trust Preferred Securities Certificates shall bear certain
     legends identifying certain restrictions regarding the transfer of the
     Trust Preferred Securities represented thereby, the first of which is
     referred to herein as the "Restricted Securities Legend." The legends shall
     not be removed; provided, however, that the Restricted

                                      -23-

<PAGE>

     Securities Legend may be removed if the Administrative Trustees receive
     such satisfactory evidence, which may include an Opinion of Counsel, as may
     be reasonably required by the Administrative Trustees, that neither the
     Restricted Securities Legend nor the restrictions on transfer set forth
     therein are required to ensure that transfers thereof comply with the
     provisions of the Securities Act. Upon provision of such satisfactory
     evidence, the Property Trustee, at the written direction of the
     Administrative Trustees, shall authenticate and deliver Trust Preferred
     Securities Certificates that do not bear the Restricted Securities Legend.

          (d) Except as permitted by Section 5.4(c), each Trust Preferred
     Security Certificate shall bear the legends in substantially the following
     form and a Trust Preferred Security Certificate shall not be transferred
     except in compliance with such legends, unless otherwise determined by the
     Administrative Trustees, upon the advice of counsel, in accordance with
     applicable law:

     THIS TRUST PREFERRED SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES
     ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), ANY STATE SECURITIES LAWS
     OR ANY OTHER APPLICABLE SECURITIES LAWS. NEITHER THIS TRUST PREFERRED
     SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED SOLD,
     ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE
     ABSENCE OF SUCH REGISTRATION OR UNLESS THE TRANSACTION IS EXEMPT FROM, OR
     NOT SUBJECT TO, SUCH REGISTRATION. PRIOR TO (i) THE DATE WHICH IS TWO YEARS
     (OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144(k) UNDER THE
     SECURITIES ACT) AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE
     LAST DATE ON WHICH THE TRUST OR ANY AFFILIATE OF THE TRUST WAS THE OWNER OF
     THIS TRUST PREFERRED SECURITY (OR ANY PREDECESSOR OF THIS TRUST PREFERRED
     SECURITY) OR (ii) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE
     LAWS (THE "RESALE RESTRICTION TERMINATION DATE") THE HOLDER OF THIS TRUST
     PREFERRED SECURITY BY ITS ACCEPTANCE HEREOF AGREES FOR THE BENEFIT OF THE
     TRUST TO OFFER, SELL OR OTHERWISE TRANSFER THIS TRUST PREFERRED SECURITY
     ONLY (A) TO THE TRUST OR AN AFFILIATE OF THE TRUST, (B) PURSUANT TO A
     REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE
     SECURITIES ACT, (C) FOR SO LONG AS THIS TRUST PREFERRED SECURITY IS
     ELIGIBLE FOR RESALE PURSUANT TO RULE 144A ("RULE 144A") PROMULGATED UNDER
     THE SECURITIES ACT, TO A PERSON THE HOLDER REASONABLY BELIEVES IS A
     "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A THAT PURCHASES FOR
     ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN
     COMPLIANCE WITH RULE 144A, (D) TO AN INSTITUTIONAL "ACCREDITED INVESTOR"
     WITHIN THE MEANING OF SUBPARAGRAPH (A)(1), (2), (3) OR (7) OF RULE 501
     UNDER THE SECURITIES ACT THAT IS ACQUIRING

                                      -24-

<PAGE>

     THIS TRUST PREFERRED SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF
     SUCH AN INSTITUTIONAL "ACCREDITED INVESTOR," FOR INVESTMENT PURPOSES AND
     NOT WITH A VIEW TO OR FOR OFFER OR SALE IN CONNECTION WITH, ANY
     DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT OR (E) PURSUANT TO ANOTHER
     AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
     ACT, SUBJECT TO THE TRUST'S AND THE ADMINISTRATIVE TRUSTEES' RIGHTS PRIOR
     TO ANY SUCH OFFER, SALE, TRANSFER OR OTHER DISPOSITION (i) PURSUANT TO
     CLAUSES (D) OR (E) TO REQUIRE THE DELIVERY BY THE HOLDER OF AN OPINION OF
     COUNSEL, CERTIFICATIONS AND/OR OTHER INFORMATION SATISFACTORY TO THE TRUST
     AND THE ADMINISTRATIVE TRUSTEES TO CONFIRM THAT SUCH TRANSFER IS BEING MADE
     PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO THE
     REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND (ii) IN EACH OF THE
     FOREGOING CASES, TO REQUIRE THAT A CERTIFICATE OF TRANSFER IN THE FORM
     APPEARING ON THE OTHER SIDE OF THIS CERTIFICATE IS COMPLETED AND DELIVERED
     BY THE TRANSFEROR TO THE PROPERTY TRUSTEE AND THE SECURITIES REGISTRAR IN
     CONNECTION WITH ANY TRANSFER OF THIS SECURITY PRIOR TO THE RESALE
     RESTRICTION TERMINATION DATE. THE HOLDER MUST CHECK THE APPROPRIATE BOX SET
     FORTH ON THE CERTIFICATE OF TRANSFER RELATING TO THE MANNER OF SUCH
     TRANSFER AND SUBMIT THE CERTIFICATE OF TRANSFER TO THE PROPERTY TRUSTEE AND
     THE SECURITIES REGISTRAR. THIS LEGEND WILL BE REMOVED UPON REQUEST OF THE
     HOLDER AFTER THE EARLIER OF (i) THE TRANSFER OF THE TRUST PREFERRED
     SECURITY EVIDENCED HEREBY PURSUANT TO CLAUSE (B) ABOVE OR (ii) THE RESALE
     RESTRICTION TERMINATION DATE. THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER
     IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS TRUST PREFERRED SECURITY OF
     THE RESALE RESTRICTIONS REFERRED TO HEREIN.

     PRIOR TO THE RESALE RESTRICTION TERMINATION DATE, THIS TRUST PREFERRED
     SECURITY MAY BE TRANSFERRED OR EXCHANGED ONLY IN A MINIMUM AGGREGATE
     LIQUIDATION AMOUNT OF NOT LESS THAN $100,000. ANY ATTEMPTED TRANSFER OF
     THIS TRUST PREFERRED SECURITY IN AN AGGREGATE LIQUIDATION AMOUNT OF LESS
     THAN $100,000 PRIOR TO THE RESALE RESTRICTION TERMINATION DATE SHALL BE
     DEEMED TO BE VOID AND OF NO LEGAL EFFECT WHATSOEVER. AFTER SUCH RESALE
     RESTRICTION TERMINATION DATE, ANY ATTEMPTED TRANSFER OF THIS TRUST
     PREFERRED SECURITY IN AN AGGREGATE LIQUIDATION AMOUNT OF LESS THAN $100,000
     SHALL BE DEEMED TO BE VOID AND OF NO LEGAL EFFECT WHATSOEVER. ANY SUCH
     PURPORTED TRANSFEREE SHALL BE DEEMED NOT TO BE THE

                                      -25-

<PAGE>

     HOLDER OF THIS TRUST PREFERRED SECURITY FOR ANY PURPOSE, INCLUDING, BUT NOT
     LIMITED TO, THE RIGHT TO RECEIVE DISTRIBUTIONS ON THIS TRUST PREFERRED
     SECURITY, AND SUCH PURPORTED TRANSFEREE SHALL BE DEEMED TO HAVE NO INTEREST
     WHATSOEVER IN THIS TRUST PREFERRED SECURITY.

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

          (e) Every Trust Preferred Securities Certificate presented or
     surrendered for registration of transfer or exchange shall be duly endorsed
     or accompanied by a written instrument of transfer in form satisfactory to
     the Property Trustee and the Securities Registrar duly executed by the
     Holder or his attorney duly authorized in writing, and, in the case of
     Trust Preferred Securities Certificates bearing the Restricted Securities
     Legends, accompanied by certification(s) in a form substantially similar to
     the Letters of Representations attached as Exhibit E and Exhibit F, as
     applicable, and evidence reasonably satisfactory to the Property Trustee or
     the Securities Registrar as to the compliance with the restrictions set
     forth in the Restricted Securities Legend. When Trust Preferred Securities
     Certificates are presented to the Securities Registrar to register the
     transfer of such certificates or to exchange such certificates which become
     mutilated, destroyed, defaced, stolen or lost, for an equal number of Trust
     Preferred Securities Certificates, the Securities Registrar shall register
     the transfer or make the exchange as requested if its reasonable
     requirements for such transactions are met. Each Trust Preferred Securities
     Certificate surrendered for registration of transfer or exchange shall be
     canceled and subsequently disposed of by the Property Trustee in accordance
     with its customary practice.

          The Trust shall not be required to (i) issue, register the transfer
     of, or exchange any Trust Preferred Securities during a period beginning at
     the opening of business 15 calendar days before the date of mailing of a
     notice of redemption of any Trust Preferred Securities called for
     redemption and ending at the close of business on the day of such mailing;
     or (ii) register the transfer of or exchange any Trust Preferred Securities
     so selected for redemption, in whole or in part, except the unredeemed
     portion of any such Trust Preferred Securities being redeemed in part.

          (f) No service charge shall be made for any registration of transfer
     or exchange of Trust Preferred Securities 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 Trust Preferred Securities Certificates.

          (g) Trust Preferred Securities may only be transferred, in whole or in
     part, in accordance with the terms and conditions set forth in this Trust
     Agreement. Any transfer or purported transfer of any Trust Preferred
     Security not made in accordance with this

                                      -26-

<PAGE>

     Trust Agreement shall be null and void. A Trust Preferred Security may be
     transferred, in whole or in part, to a Person who takes delivery in the
     form of another Trust Preferred Security as provided in this Section 5.4.

          (h) Prior to the Resale Restriction Termination Date, Trust Preferred
     Securities may only be transferred in a minimum aggregate Liquidation
     Amount of $100,000. Any attempted transfer of Trust Preferred Securities
     having an aggregate Liquidation Amount of less than $100,000 shall be
     deemed to be void and of no legal effect whatsoever. Any such purported
     transferee shall be deemed not to be a Holder of such Trust Preferred
     Securities for any purpose, including, but not limited to, the receipt of
     Distributions on such Trust Preferred Securities, and such purported
     transferee shall be deemed to have no interest whatsoever in such Trust
     Preferred Securities.

          (i) Subsequent to the Resale Restriction Termination Date, Trust
     Preferred Securities may only be transferred in a minimum aggregate
     Liquidation Amount of $100,000. Any attempted transfer of Trust Preferred
     Securities subsequent to the Resale Restriction Termination Date having an
     aggregate Liquidation Amount of less than $100,000 shall be deemed to be
     void and of no legal effect whatsoever. Any such purported transferee shall
     be deemed not to be a Holder of such Trust Preferred Securities for any
     purpose, including, but not limited to, the receipt of Distributions on
     such Trust Preferred Securities, and such purported transferee shall be
     deemed to have no interest whatsoever in such Trust Preferred Securities.

     Section 5.5 Mutilated, Destroyed, Lost or Stolen Trust Securities
Certificates.

     If (a) any mutilated Trust Securities Certificate shall be surrendered to
the Trust or in the case of the Trust Preferred Securities to the Property
Trustee or the Securities Registrar, or if the Trust or, in the case of the
Trust Preferred Securities the Property Trustee or 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
Administrative Trustees or in the case of the Trust Preferred Securities to the
Property Trustee 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 bona fide purchaser, the
Administrative 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
Administrative 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 5.5 shall constitute conclusive evidence of an
undivided beneficial interest in the assets of the Trust, as if originally
issued, whether or not the lost, stolen or destroyed Trust Securities
Certificate shall be found at any time.

                                      -27-

<PAGE>

     Section 5.6 Person Deemed Securityholders.

     The Trustees, the Paying Agent and the Securities Registrar shall 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 Paying Agent or the Securities Registrar shall be
bound by any notice to the contrary.

     Section 5.7 Access to List of Securityholders' Names and Addresses.

     At any time when the Property Trustee is not also acting as the Securities
Registrar, the Administrative Trustees or the Depositor shall furnish or cause
to be furnished to the Property Trustee (a) within five Business Days of each
record date, a list, in such form as the Property Trustee may reasonably
require, of the names and addresses of the Securityholders as of the most recent
record date; and (b) promptly after receipt by any Administrative Trustee or the
Depositor of a request therefor from the Property Trustee in order to enable the
Property Trustee to discharge its obligations under this Trust Agreement, in
each case to the extent such information is in the possession or control of the
Administrative Trustees or the Depositor and is not identical to a previously
supplied list or has not otherwise been received by the Property Trustee in its
capacity as Securities Registrar. The rights of the Securityholders to
communicate with other Securityholders with respect to their rights under this
Trust Agreement or under the Trust Securities, and the corresponding rights of
the Property Trustee shall be as provided in the Trust Indenture Act. Each
Holder, by receiving and holding a Trust Securities Certificate shall be deemed
to have agreed not to hold the Depositor, the Property Trustee or the
Administrative Trustees 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 or Agency.

     The Trust shall maintain, or cause to be maintained, in location(s)
designated by the Administrative Trustees, an office or offices or agency or
agencies where Trust Preferred Securities Certificates may be surrendered for
registration of transfer or exchange and where notices and demands to or upon
the Trustees in respect of the Trust Securities Certificates may be served. The
Administrative Trustees initially designate the Corporate Trust Office of the
Property Trustee, as the principal corporate trust office for such purposes. The
Administrative Trustees shall give prompt written notice to the Depositor, to
the Property Trustee and to the Securityholders 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 Securityholders from the
Payment Account and shall report the amounts of such Distributions to the
Property Trustee and the Administrative Trustees. Any Paying Agent shall have
the revocable power to withdraw funds from the Payment Account for the purpose
of making the Distributions referred to above. The Administrative Trustees may
revoke such power and remove the Paying Agent if such Administrative Trustees
determine in their sole discretion that it would be in the best interests of the
Trust or that the

                                      -28-

<PAGE>

Paying Agent shall have failed to perform its obligations under this Trust
Agreement in any material respect. The Paying Agent shall initially be the
Property Trustee, and any co-paying agent chosen by the Property Trustee, and
acceptable to the Administrative Trustees and the Depositor. Any Person acting
as Paying Agent shall be permitted to resign as Paying Agent upon 30 days'
written notice to the Administrative Trustees, the Property Trustee and the
Depositor. In the event that the Property Trustee shall no longer be the Paying
Agent or a successor Paying Agent shall resign or its authority to act be
revoked, the Administrative Trustees shall appoint a successor that is
acceptable to the Property Trustee and the Depositor to act as Paying Agent. The
Administrative Trustees shall cause such successor Paying Agent or any
additional Paying Agent appointed by the Administrative Trustees to execute and
deliver to the Trustees an instrument in which such successor Paying Agent or
additional Paying Agent shall agree with the Trustees that as Paying Agent, such
successor Paying Agent or additional Paying Agent shall hold all sums, if any,
held by it for payment to the Securityholders in trust for the benefit of the
Securityholders entitled thereto until such sums shall be paid to such
Securityholders. 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 8.2, 8.4 and 8.7 hereof shall apply to the Property Trustee also in
its role as Paying Agent, for so long as the Property Trustee shall act as
Paying Agent and, to the extent applicable, to any other Paying Agent appointed
hereunder. Any reference in this Agreement to the Paying Agent shall include any
co-paying agent unless the context requires otherwise.

     Section 5.10 Ownership of Common Securities by Depositor.

     On the Closing Date, the Depositor shall acquire and retain beneficial and
record ownership of all of the Common Securities then issued by the Trust, in an
amount equal to at least 3% of the total capital of the Trust. To the fullest
extent permitted by law, any attempted transfer of the Common Securities (other
than a transfer in connection with a merger or consolidation of the Depositor
into another corporation pursuant to Section 12.1 of the Indenture) shall be
void. The Administrative Trustees shall cause each Common Securities Certificate
issued to the Depositor to contain a legend stating "TO THE EXTENT PERMITTED BY
APPLICABLE LAW THIS CERTIFICATE IS NOT TRANSFERABLE EXCEPT IN COMPLIANCE WITH
SECTION 5.10 OF THE TRUST AGREEMENT."

     Section 5.11 Trust Securities Certificates.

          (a) Trust Preferred Securities Certificates representing a specified
     number of Trust Preferred Securities shall be issued to the Persons
     entitled thereto in the form of Definitive Trust Preferred Securities
     Certificates.

          (b) A single Common Securities Certificate representing the Common
     Securities shall be issued to the Depositor in the form of a definitive
     Common Securities Certificate.

          (c) Nothing in this Section 5.11 withstanding, if at any time
     subsequent to the date of issuance of the Definitive Trust Preferred
     Securities Certificates, a majority (based upon Liquidation Amounts) of the
     Trust Securities then Outstanding request

                                      -29-

<PAGE>

     registration of such Definitive Trust Preferred Securities Certificates
     with the Depository Trust Company ("DTC"), then all Holders shall submit
     the Definitive Trust Preferred Securities Certificates to the
     Administrative Trustees and the Administrative Trustees shall collect and
     otherwise do all things reasonably required to so register such Trust
     Preferred Securities with the DTC as book-entry only non-certificated Trust
     Preferred Securities ("Registration"). Upon Registration, whether or not
     the Definitive Trust Preferred Securities Certificates have been submitted
     to the Administrative Trustees pursuant to this Section 5.11(c), all
     Definitive Trust Preferred Securities Certificates shall be deemed
     cancelled and all Trust Securities then Outstanding shall be issued as
     book-entry only non-certificated Trust Preferred Securities. In the event
     the Trust Preferred Securities are to become book-entry in accordance with
     this Section 5.11(c), the Depositor and the Administrative Trustees shall
     be authorized to amend this Agreement, as provided in Section 10.2(b), with
     the consent of the Securities Registrar, such consent not to be
     unreasonably withheld, so as to permit the issuance of a global Trust
     Preferred Certificate that (i) shall represent, and shall be denominated in
     an amount equal to the aggregate principal amount of the outstanding Trust
     Preferred Securities, (ii) shall be registered in the name of DTC or its
     nominee, (iii) shall be executed and authenticated in accordance with such
     amendment and delivered by the Administrative Trustees to DTC or pursuant
     to its instruction, and (iv) shall bear a legend substantially as set forth
     in such amendment. Such amendment shall contain such other provisions as
     are customary for declarations of trust containing securities that may be
     issued in book-entry form.

     Section 5.12 [Reserved.]

     Section 5.13 Rights of Securityholders.

          (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
     hereof, and the Securityholders shall not have any right or title therein
     other than the undivided beneficial interest in the assets of 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 Trust
     Agreement. The Trust Securities shall have no preemptive or similar rights.
     When issued and delivered to Holders of the Trust Preferred Securities
     against payment of the purchase price therefor, the Trust Preferred
     Securities shall be fully paid and nonassessable preferred undivided
     beneficial interests in the assets of the Trust. The Holders of the Trust
     Preferred 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 Trust Preferred Securities remain Outstanding,
     if, upon a Debenture Event of Default, the Debenture Trustee fails or the
     holders of not less than 25% in principal amount of the outstanding
     Debentures fail to declare the principal of all of the Debentures to be
     immediately due and payable, the Holders of at least 25% in Liquidation
     Amount of the Trust Preferred Securities then Outstanding shall have such
     right by a notice in writing to the Depositor and the Debenture Trustee;
     and upon any

                                      -30-

<PAGE>

     such declaration such principal amount of and the accrued interest on all
     of the Debentures shall become immediately due and payable, provided that
     the payment of principal and interest on such Debentures shall remain
     subordinated to the extent provided in the Indenture.

          (c) For so long as any Trust Preferred Securities remain Outstanding,
     upon a Debenture Event of Default arising from the failure to pay interest
     or principal on the Debentures, the Holders of any Trust Preferred
     Securities then Outstanding shall, to the fullest extent permitted by law,
     have the right to directly institute proceedings for enforcement of payment
     to such Holders of principal of or interest on the Debentures having a
     principal amount equal to the Liquidation Amount of the Trust Preferred
     Securities of such Holders.

                                   ARTICLE VI

                    ACTS OF SECURITYHOLDERS; MEETINGS; VOTING

     Section 6.1 Limitations on Voting Rights.

          (a) Except as otherwise provided in this Section 6.1, in Sections
     5.13, 8.11 and 10.2 hereof and in the Indenture and as otherwise required
     by law, no Holder of Trust Preferred Securities 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
     Securityholders from time to time as partners or members of an association.

          (b) So long as any Debentures 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
     Debenture Trustee, or executing any trust or power conferred on the
     Debenture Trustee with respect to such Debentures; (ii) waive any past
     default which is waivable under Article VII of the Indenture; (iii)
     exercise any right to rescind or annul a declaration that the principal of
     all the Debentures shall be due and payable; or (iv) consent to any
     amendment, modification or termination of the Indenture or the Debentures,
     where such consent shall be required, without, in each case, obtaining the
     prior approval of the Holders of at least a Majority in Liquidation Amount
     of all Outstanding Trust Preferred Securities; provided, however, that
     where a consent under the Indenture would require the consent of each
     holder of outstanding Debentures affected thereby, no such consent shall be
     given by the Property Trustee without the prior written consent of each
     Holder of Outstanding Trust Preferred Securities. The Trustees shall not
     revoke any action previously authorized or approved by a vote of the
     Holders of the Outstanding Trust Preferred Securities, except by a
     subsequent vote of the Holders of the Outstanding Trust Preferred
     Securities. The Property Trustee shall notify each Holder of the
     Outstanding Trust Preferred Securities of any notice of default received
     from the Debenture Trustee with respect to the Debentures. In addition to
     obtaining the foregoing

                                      -31-

<PAGE>

     approvals of the Holders of the Trust Preferred Securities, prior to taking
     any of the foregoing actions, the Trustees shall, at the expense of the
     Depositor, obtain an Opinion of Counsel experienced in such matters to the
     effect that the Trust shall continue to be classified as a grantor trust
     and not as an association taxable as a corporation for United States
     federal income tax purposes on account of such action.

          (c) If any proposed amendment to the Trust Agreement provides for, or
     the Trustees otherwise propose to effect, (i) any action that would
     adversely affect in any material respect the powers, preferences or special
     rights of the Holders of the Trust Preferred Securities, whether by way of
     amendment to the Trust Agreement or otherwise; or (ii) the dissolution,
     winding-up or termination of the Trust, other than pursuant to the terms of
     this Trust Agreement, then the Holders of Outstanding Trust Preferred
     Securities as a class shall 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 Outstanding Trust Preferred Securities. No amendment to this Trust
     Agreement may be made if, as a result of such amendment, the Trust would
     cease to be classified as a grantor trust or would be classified as an
     association taxable as a corporation for United States federal income tax
     purposes.

     Section 6.2 Notice of Meetings.

     Notice of all meetings of the Holder/Holders of the Trust Preferred
Securities, stating the time, place and purpose of the meeting, shall be given
by the Administrative Trustees pursuant to Section 10.8 hereof to each Holder of
the Trust Preferred Securities of record, at his 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 Holder/Holders of the Trust Preferred Securities.

          (a) No annual meeting of Securityholders is required to be held. The
     Administrative Trustees, however, shall call a meeting of Securityholders
     to vote on any matter in respect of which Holder/Holders of the Trust
     Preferred Securities are entitled to vote upon the written request of the
     Holders of the Trust Preferred Securities of 25% of the Outstanding Trust
     Preferred Securities (based upon their aggregate Liquidation Amount) and
     the Administrative Trustees or the Property Trustee may, at any time in
     their discretion, call a meeting of Holders of the Trust Preferred
     Securities to vote on any matters as to which the Holders of the Trust
     Preferred Securities are entitled to vote.

          (b) Holders of record of 50% of the Outstanding Trust Preferred
     Securities (based upon their aggregate Liquidation Amount), present in
     person or by proxy, shall constitute a quorum at any meeting of
     Securityholders.

          (c) If a quorum is present at a meeting, an affirmative vote by the
     Holders of the Trust Preferred Securities of record present, in person or
     by proxy, holding not less than a majority of the Trust Preferred
     Securities (based upon their aggregate Liquidation Amount) held by the
     Holders of the Trust Preferred Securities of record present, either in

                                      -32-

<PAGE>

     person or by proxy, at such meeting shall constitute the action of the
     Securityholders, unless this Trust Agreement requires a greater number of
     affirmative votes.

     Section 6.4 Voting Rights.

     Securityholders shall be entitled to one vote for each $1,000 of
Liquidation Amount represented by their Trust Securities (with any fractional
multiple thereof rounded up or down as the case may be to the closest integral
multiple) in respect of any matter as to which such Securityholders are entitled
to vote.

     Section 6.5 Proxies, etc.

     At any meeting of Securityholders, any Securityholder 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 Administrative Trustees, or
with such other officer or agent of the Trust as the Administrative Trustees may
direct, for verification prior to the time at which such vote shall be taken.
Only Holders 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 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 Securityholder 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 6.6 Securityholder Action by Written Consent.

     Any action which may be taken by Securityholders at a meeting may be taken
without a meeting if Securityholders holding not less than a majority of all
Outstanding Trust Securities (based upon their aggregate Liquidation Amount)
entitled to vote in respect of such action, or such larger proportion thereof
(based upon their aggregate Liquidation Amount) as shall be required by any
express provision of this Trust Agreement, shall consent to the action in
writing.

     Section 6.7 Record Date for Voting and Other Purposes.

     For the purposes of determining the Securityholders 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 Trust Agreement, or for the purpose of any
other action, the Administrative Trustees or the Property Trustee may from time
to time fix a date, not more than 90 days prior to the date of any meeting of
Securityholders or the payment of Distribution or other action, as the case may
be, as a record date for the determination of the identity of the
Securityholders of record for such purposes.

     Section 6.8 Acts of Securityholders.

          (a) Any request, demand, authorization, direction, notice, consent,
     waiver or other action provided or permitted by this Trust Agreement to be
     given, made or taken by Securityholders may be embodied in and evidenced by
     one or more instruments of

                                      -33-

<PAGE>

     substantially similar tenor signed by such Securityholders 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 an Administrative Trustee. Such instrument or
     instruments (and the action embodied therein and evidenced thereby) are
     herein sometimes referred to as the "Act" of the Securityholders 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 Trust Agreement and conclusive in favor of the Trustees, if
     made in the manner provided in this Section 6.8.

          (b) 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 any
     Trustee receiving the same deems sufficient.

          (c) The ownership of Trust Preferred Securities shall be proved by the
     Securities Register.

          (d) Any request, demand, authorization, direction, notice, consent,
     waiver or other Act of the Securityholder of any Trust Security shall bind
     every future Securityholder of the same Trust Security and the
     Securityholder 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.

          (e) Without limiting the foregoing, a Securityholder 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.

          (f) A Securityholder may institute a legal proceeding directly against
     the Depositor under the Guarantee to enforce its rights under the Preferred
     Securities Guarantee without first instituting a legal proceeding against
     the Guarantee Trustee (as defined in the Preferred Securities Guarantee),
     the Trust or any Person.

     Section 6.9 Inspection of Records.

     Upon reasonable notice to the Administrative Trustees and the Property
Trustee, the records of the Trust shall be open to inspection at the principal
executive office of the Trust (as indicated in Section 2.2 hereof) by Holders of
the Trust Securities during normal business hours for any purpose reasonably
related to such Securityholder's interest as a Securityholder.

                                      -34-

<PAGE>

                                   ARTICLE VII

                         REPRESENTATIONS AND WARRANTIES

     Section 7.1 Representations and Warranties of the Bank and the Property
Trustee.

     The Bank and the Property Trustee, each severally on behalf of and as to
itself, as of the date hereof, and each successor Property Trustee at the time
of the successor Property Trustee's acceptance of its appointment as Property
Trustee hereunder (in the case of a successor Property Trustee, the term "Bank"
as used herein shall be deemed to refer to such successor Property Trustee in
its separate capacity), hereby represents and warrants (as applicable) for the
benefit of the Depositor and the Securityholders that:

          (a) the Bank is a national banking association with its principal
     place of business in the State of Delaware and is duly organized and
     validly existing under the laws of the United States of America or, with
     respect to a successor Property Trustee, either a national banking
     association or a state chartered bank and trust company;

          (b) the Bank and Property Trustee have full power, authority and legal
     right to execute, deliver and perform their obligations under this Trust
     Agreement and have taken all necessary action to authorize the execution,
     delivery and performance by it of this Trust Agreement;

          (c) this Trust Agreement has been duly authorized, executed and
     delivered by the Property Trustee and constitutes the valid and legally
     binding agreement of the Property Trustee enforceable against it 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;

          (d) the execution, delivery and performance by the Property Trustee of
     this Trust Agreement has been duly authorized by all necessary corporate or
     other action on the part of the Property Trustee and does not require any
     approval of stockholders of the Bank and such execution, delivery and
     performance shall not (i) violate the Bank's charter or by-laws; (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 Bank is a party or by
     which it is bound; or (iii) violate any law, governmental rule or
     regulation of the United States or the State of Delaware, as the case may
     be, governing the banking or trust powers of the Bank or the Property
     Trustee (as appropriate in context) or any order, judgment or decree
     applicable to the Property Trustee or the Bank;

          (e) neither the authorization, execution or delivery by the Property
     Trustee of this Trust Agreement nor the consummation of any of the
     transactions by the Property

                                      -35-

<PAGE>

     Trustee contemplated herein or therein 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 federal law governing the banking or trust powers of the Bank or
     the Property Trustee, as the case may be, under the laws of the United
     States or the State of Delaware, other than the filing of a Certificate of
     Trust with the Secretary of State of the State of Delaware;

          (f) there are no proceedings pending or, to the best of the Property
     Trustee's knowledge, threatened against or affecting the Bank or the
     Property Trustee in any court or before any governmental authority, agency
     or arbitration board or tribunal which, individually or in the aggregate,
     would materially and adversely affect the Trust or would question the
     right, power and authority of the Property Trustee to enter into or perform
     its obligations as one of the Trustees under this Trust Agreement; and

          (g) the Property Trustee is a Person eligible pursuant to the Trust
     Indenture Act to act as such and has a combined capital and surplus of at
     least $50,000,000.

     Section 7.2 Representations and Warranties of the Delaware Bank and the
Resident Trustee.

     The Delaware Bank and the Resident Trustee, each severally on behalf of and
as to itself, as of the date hereof, and each successor Resident Trustee at the
time of the successor Resident Trustee's acceptance of appointment as Resident
Trustee hereunder (the term "Delaware Bank" being used to refer to such
successor Resident Trustee in its separate corporate capacity), hereby
represents and warrants (as applicable) for the benefit of the Depositor and the
Securityholders that:

          (a) the Delaware Bank is either a national banking association or
     Delaware banking corporation duly organized, validly existing and in good
     standing under applicable laws of the United States of America and the
     State of Delaware;

          (b) the Resident Trustee has full power, authority and legal right to
     execute, deliver and perform its obligations under this Trust Agreement and
     has taken all necessary action to authorize the execution, delivery and
     performance by it of this Trust Agreement;

          (c) this Trust Agreement has been duly authorized, executed and
     delivered by the Resident Trustee and constitutes the valid and legally
     binding agreement of the Resident Trustee enforceable against it 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;

          (d) the execution, delivery and performance by the Resident Trustee of
     this Trust Agreement has been duly authorized by all necessary corporate or
     other action on the part of the Resident Trustee and does not require any
     approval of stockholders of the Delaware Bank and such execution, delivery
     and performance shall not (i) violate the Delaware Bank's charter or
     by-laws; (ii) violate any provision of, or constitute, with or

                                      -36-

<PAGE>

     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 Delaware Bank or the
     Resident Trustee is a party or by which it is bound; or (iii) violate any
     law, governmental rule or regulation of the United States or the State of
     Delaware, as the case may be, governing the banking or trust powers of the
     Delaware Bank or the Resident Trustee (as appropriate in context) or any
     order, judgment or decree applicable to the Delaware Bank or the Resident
     Trustee;

          (e) neither the authorization, execution or delivery by the Resident
     Trustee of this Trust Agreement nor the consummation of any of the
     transactions by the Resident Trustee contemplated herein or therein
     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 federal law governing
     the banking or trust powers of the Delaware Bank or the Resident Trustee,
     as the case may be, under the laws of the United States or the State of
     Delaware, other than the filing of the Certificate of Trust with the
     Secretary of State of the State of Delaware; and

          (f) there are no proceedings pending or, to the best of the Resident
     Trustee's knowledge, threatened against or affecting the Delaware Bank or
     the Resident Trustee in any court or before any governmental authority,
     agency or arbitration board or tribunal which, individually or in the
     aggregate, would materially and adversely affect the Trust or would
     question the right, power and authority of the Resident Trustee to enter
     into or perform its obligations as one of the Trustees under this Trust
     Agreement.

     Section 7.3 Representations and Warranties of Depositor.

     The Depositor hereby represents and warrants for the benefit of the
Securityholders that:

          (a) the Trust Securities Certificates issued on the Closing Date on
     behalf of the Trust have been duly authorized and, shall have been, duly
     and validly executed, issued and delivered by the Administrative Trustees
     pursuant to the terms and provisions of, and in accordance with the
     requirements of, this Trust Agreement and the Securityholders shall be, as
     of such date, entitled to the benefits of this Trust Agreement; 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 the Bank, the Property Trustee
     or the Resident Trustee, as the case may be, of this Trust Agreement.

                                      -37-

<PAGE>

                                  ARTICLE VIII

                                    TRUSTEES

     Section 8.1 Number of Trustees.

     The number of Trustees initially shall be Three (3), and:

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

          (b) after the issuance of any Trust Securities, the number of Trustees
     may be increased or decreased by vote of the Holders of a Majority in
     Liquidation Amount of the Common Securities voting as a class at a meeting
     of the Holders of the Common Securities or pursuant to written consent;

provided, however, that, the number of Trustees shall in no event be less than
Four (4); provided further that (1) one Resident Trustee, which, in the case of
a natural person, shall be a person who is a resident of the State of Delaware
or that, if not a natural person, is an entity which has its principal place of
business in the State of Delaware; (2) there shall be at least one Trustee who
is an officer of the Company and who shall serve as an Administrative Trustee;
and (3) one Trustee shall be the Property Trustee, and such Property Trustee may
also serve as Resident Trustee if it meets the applicable requirements.

          (c) If a Trustee ceases to hold office for any reason and the number
     of Administrative Trustees is not reduced pursuant to Section 8.1(a) or
     (b), or if the number of Trustees is increased pursuant to Section 8.1(a)
     or (b), a vacancy shall occur. The vacancy shall be filled with a Trustee
     appointed in accordance with Section 8.11 hereof.

          (d) The death, resignation, retirement, removal, bankruptcy,
     incompetence or incapacity to perform the duties of a Trustee shall not
     operate to terminate, dissolve or annul the Trust. Whenever a vacancy in
     the number of Administrative Trustees shall occur, until such vacancy is
     filled by the appointment of an Administrative Trustee in accordance with
     Section 8.11 hereof, the Administrative Trustees in office, regardless of
     their number (and notwithstanding any other provision of this Agreement),
     shall have all the powers granted to the Administrative Trustees and shall
     discharge all the duties imposed upon the Administrative Trustees by this
     Trust Agreement.

     Section 8.2 Certain Duties and Responsibilities.

          (a) The duties and responsibilities of the Trustees shall be as
     provided by this Trust Agreement and, in the case of the Property Trustee,
     also by the Trust Indenture Act, if applicable. Notwithstanding the
     foregoing, no provision of this Trust Agreement shall require any 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. No Administrative
     Trustee nor the Resident Trustee shall be liable for its act or omissions

                                      -38-

<PAGE>

     hereunder except as a result of its own gross negligence or willful
     misconduct. The Property Trustee's liability shall be determined under the
     Trust Indenture Act, if applicable, and as provided by this Trust
     Agreement. Whether or not therein expressly so provided, every provision of
     this Trust Agreement relating to the conduct or affecting the liability of
     or affording protection to the Trustees shall be subject to the provisions
     of this Section 8.2. To the extent that, at law or in equity, a Trustee has
     duties (including fiduciary duties) and liabilities relating thereto to the
     Trust or to the Securityholders, such Trustee shall not be liable to the
     Trust or to any Securityholder for such Trustee's good faith reliance on
     the provisions of this Trust Agreement. The provisions of this Trust
     Agreement, to the extent that they restrict the duties and liabilities of a
     Trustee otherwise existing at law or in equity, are agreed by the Depositor
     and the Securityholders to replace such other duties and liabilities of a
     Trustee, as the case may be.

          (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 legally make payments in accordance
     with the terms hereof. Each Securityholder, by its acceptance of a Trust
     Security, agrees that it shall 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 it
     for any amount distributable in respect of any Trust Security or for any
     other liability in respect of any Trust Security. This Section 8.2(b) does
     not limit the liability of the Trustees expressly set forth elsewhere in
     this Trust Agreement or, in the case of the Property Trustee, in the Trust
     Indenture Act, if applicable.

          (c) No provision of this Trust Agreement 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)  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;

          (ii) 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 not less than a
               majority in Liquidation Amount of the Trust Securities 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
               Trust Agreement;

          (iii) the Property Trustee's sole duty with respect to the custody,
               safe keeping and physical preservation of the Debentures 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

                                      -39-

<PAGE>

               protections and limitations on liability afforded to the Property
               Trustee under this Trust Agreement and the Trust Indenture Act,
               if applicable;

          (iv) the Property Trustee shall not be liable for any interest on any
               money received by it except as it may otherwise agree with the
               Depositor 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 hereof and except to the extent otherwise required by
               law; and

          (v)  the Property Trustee shall not be responsible for monitoring the
               compliance by the Administrative Trustees or the Depositor with
               their respective duties under this Trust Agreement, nor shall the
               Property Trustee be liable for the negligence, default or
               misconduct of the Administrative Trustees or the Depositor.

     Section 8.3 Certain Notices.

          (a) Within five Business Days after a Responsible Officer of the
     Property Trustee has actual knowledge of the occurrence of any Event of
     Default, the Property Trustee shall transmit, in the manner and to the
     extent provided in Section 10.8 hereof, notice of such Event of Default to
     the Securityholders, the Administrative Trustees and the Depositor, unless
     such Event of Default shall have been cured or waived. For purposes of this
     Section 8.3, the term "Event of Default" means any event that is, or after
     notice or lapse of time or both would become, an Event of Default.

          (b) The Administrative Trustees shall transmit, to the Securityholders
     in the manner and to the extent provided in Section 10.8 hereof, notice of
     the Depositor's election to begin or further extend an Extended Interest
     Payment Period on the Debentures (unless such election shall have been
     revoked) within the time specified for transmitting such notice to the
     holders of the Debentures pursuant to the Indenture as originally executed.

     Section 8.4 Certain Rights of the Property Trustee.

          (a) the Property Trustee may 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 Trust Agreement the
     Property Trustee is required to decide between alternative courses of
     action; or (ii) in construing any of the provisions of this Trust
     Agreement, the Property Trustee finds the same ambiguous or inconsistent
     with other provisions contained herein; or (iii) the Property Trustee is
     unsure of the application of any provision of this Trust Agreement, then,
     except as to any matter as to which the Holders are entitled to vote under
     the terms of this

                                      -40-

<PAGE>

     Trust Agreement, the Property Trustee shall deliver a notice to the
     Depositor requesting written instructions of the Depositor as to the course
     of action to be taken and the Property Trustee shall take such action, or
     refrain from taking such action, as the Property Trustee shall be
     instructed in writing to take, or to refrain from taking, by the Depositor;
     provided, however, that if the Property Trustee does not receive such
     instructions of the Depositor within ten (10) Business Days after it has
     delivered such notice, or such reasonably shorter period of time set forth
     in such notice (which to the extent practicable shall not be less than two
     (2) Business Days), it may, but shall be under no duty to, take or refrain
     from taking such action not inconsistent with this Trust Agreement as it
     shall deem advisable and in the best interests of the Securityholders, in
     which event the Property Trustee shall have no liability except for its own
     bad faith, negligence or willful misconduct;

          (c) any direction or act of the Depositor or the Administrative
     Trustees contemplated by this Trust Agreement shall be sufficiently
     evidenced by an Officers' Certificate;

          (d) whenever in the administration of this Trust Agreement, the
     Property Trustee shall deem it desirable that a matter be established
     before undertaking, suffering or omitting any action hereunder, the
     Property Trustee (unless other evidence is herein specifically prescribed)
     may, in the absence of bad faith on its part, request and conclusively rely
     upon an Officer's Certificate which, upon receipt of such request, shall be
     promptly delivered by the Depositor or the Administrative Trustees;

          (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, except as provided in Section 4.5 hereof or any
     filing under tax or securities laws) or any rerecording, refiling or
     reregistration thereof;

          (f) the Property Trustee may consult with counsel of its choice (which
     counsel may be counsel to the Depositor or any of its Affiliates, and may
     include any of its employees) and the written 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 Trust Agreement 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 Trust Agreement at the request
     or direction of any of the Securityholders pursuant to this Trust
     Agreement, unless such Securityholders shall have offered to the Property
     Trustee reasonable security or indemnity against the costs, expenses and
     liabilities which might be incurred by it in compliance with such request
     or direction;

          (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

                                      -41-

<PAGE>

     of indebtedness or other paper or document, but the Property Trustee may
     make such further inquiry or investigation into such facts or matters as it
     may determine in its sole discretion to be appropriate;

          (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, provided that the Property Trustee shall be
     responsible for its own negligence or recklessness with respect to
     selection of any agent or attorney appointed by it hereunder;

          (j) whenever in the administration of this Trust Agreement 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 of the Trust Securities 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; and

          (k) except as otherwise expressly provided by this Trust Agreement,
     the Property Trustee shall not be under any obligation to take any action
     that is discretionary under the provisions of this Trust Agreement. No
     provision of this Trust Agreement shall be deemed to impose any duty or
     obligation on the Property Trustee to perform any act or acts or exercise
     any right, power, duty or obligation conferred or imposed on it, in any
     jurisdiction in which it shall be illegal, or in which the Property Trustee
     shall be unqualified or incompetent in accordance with applicable law, to
     perform any such act or acts, or to exercise any such right, power, duty or
     obligation. No permissive power or authority available to the Property
     Trustee shall be construed to be a duty.

     Section 8.5 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 Trustees do not assume
any responsibility for their correctness. The Trustees shall not be accountable
for the use or application by the Depositor of the proceeds of the Debentures.

     Section 8.6 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 8.9 and 8.14 hereof and except as provided
in the definition of the term "Outstanding" in Article I, may otherwise deal
with the Trust with the same rights it would have if it were not a Trustee or
such other agent.

     Section 8.7 Compensation; Indemnity; Fees.

     The Depositor agrees:

                                      -42-

<PAGE>

          (a) to pay to the Trustees from time to time reasonable compensation
     for all services rendered by them hereunder (which compensation shall not
     be limited by any provision of law in regard to the compensation of a
     trustee of an express trust), in the case of the Property Trustee, as set
     forth in a written agreement between the Depositor and the Property
     Trustee;

          (b) except as otherwise expressly provided herein, to reimburse the
     Trustees upon request for all documented reasonable expenses, disbursements
     and advances incurred or made by the Trustees in accordance with any
     provision of this Trust Agreement (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 such
     Trustee's negligence, bad faith or willful misconduct (or, in the case of
     the Administrative Trustees or the Resident Trustee, any such expense,
     disbursement or advance as may be attributable to its, his or her gross
     negligence, bad faith or willful misconduct); and

          (c) to indemnify each of the Trustees or any predecessor Trustee for,
     and to hold the Trustees harmless against, any loss, damage, claims,
     liability, penalty or expense of any kind or nature whatsoever, arising out
     of or in connection with the acceptance or administration of this Trust
     Agreement, 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, except any such expense, disbursement or
     advance as may be attributable to such Trustee's negligence, bad faith or
     willful misconduct (or, in the case of the Administrative Trustees or the
     Resident Trustee, any such expense, disbursement or advance as may be
     attributable to its, his or her gross negligence, bad faith or willful
     misconduct).

     No Trustee, other than the Property Trustee, may claim any Lien or charge
on any Trust Property as a result of any amount due and unpaid pursuant to this
Section 8.7.

     Section 8.8 Corporate Property Trustee Required; Eligibility of 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 eligible pursuant to the Trust Indenture Act, as applicable, to act
     as such and 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 8.8, 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 8.8, it
     shall resign immediately in the manner and with the effect hereinafter
     specified in this Article VIII. The Property Trustee and the Resident
     Trustee may be the same Person.

          (b) There shall at all times be one or more Administrative Trustees
     hereunder with respect to the Trust Securities. Each Administrative Trustee
     shall be either a natural

                                      -43-

<PAGE>

     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 Resident Trustee with respect to the
     Trust Securities. The Resident 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 that shall act through one or more persons authorized to bind such
     entity.

     Section 8.9 Conflicting Interests.

     If the Property Trustee has or shall acquire any "conflicting interest"
within the meaning of Section 310(b) of the Trust Indenture Act, the Property
Trustee and the Holder of the Common Securities (as if it were the obligor
referred to in Section 310(b) of the Trust Indenture Act) shall in all respects
comply with the provisions of Section 310(b) of the Trust Indenture Act, if the
Trust Indenture Act is then applicable to the Indenture.

     Section 8.10 Co-Trustees and Separate Trustee.

          (a) Unless an 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, if then applicable, or of any jurisdiction in
     which any part of the Trust Property may at the time be located, the
     Depositor shall have power to appoint, and upon the written request of the
     Property Trustee, the Depositor 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, one or more
     Persons approved by the Property Trustee 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 8.10. If the
     Depositor does not join in such appointment within 15 days after the
     receipt by it of a request so to do, or in case a Debenture Event of
     Default has occurred and is continuing, the Property Trustee alone shall
     have power to make such appointment. Any co-trustee or separate trustee
     appointed pursuant to this Section 8.10 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.

          (b) Should any written instrument from the Depositor 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, conform to the terms set forth
     herein.

                                      -44-

<PAGE>

          (c) 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:

          (i)  The Trust Securities shall be executed and delivered 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 Trustees
               specified hereunder, shall be exercised, solely by such Trustees
               and not by such co-trustee or separate trustee.

          (ii) 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.

          (iii) The Property Trustee at any time, by an instrument in writing
               executed by it, with the written concurrence of the Depositor,
               may accept the resignation of or remove any co-trustee or
               separate trustee appointed under this Section 8.10, and, in case
               a Debenture Event of Default has occurred and is continuing, the
               Property Trustee shall have the power to accept the resignation
               of, or remove, any such co-trustee or separate trustee without
               the concurrence of the Depositor. Upon the written request of the
               Property Trustee, the Depositor 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 resigned or removed may be appointed in the manner
               provided in this Section 8.10.

          (iv) 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.

          (v)  The Property Trustee shall not be liable by reason of any act of
               a co-trustee or separate trustee.

          (vi) Any Act of Holders delivered to the Property Trustee shall be
               deemed to have been delivered to each such co-trustee and
               separate trustee.

                                      -45-

<PAGE>

     Section 8.11 Resignation and Removal; Appointment of Successor.

          (a) 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 8.12
     hereof.

          (b) Subject to the immediately preceding paragraph, the Relevant
     Trustee may resign at any time with respect to the Trust Securities by
     giving written notice thereof to the Securityholders. If the instrument of
     acceptance by the successor Trustee required by Section 8.12 shall not have
     been delivered to the Relevant Trustee within 30 days after the giving of
     such notice of resignation, the Relevant Trustee may petition, at the
     expense of the Depositor, any court of competent jurisdiction for the
     appointment of a successor Relevant Trustee with respect to the Trust
     Securities.

          (c) Unless a Debenture Event of Default shall have occurred and be
     continuing, any Trustee may be removed at any time by Act of the Holder of
     Common Securities. If a Debenture Event of Default shall have occurred and
     be continuing, the Property Trustee or the Resident Trustee, or both of
     them, may be removed at such time by Act of the Holders of a Majority in
     Liquidation Amount of the Trust Preferred Securities, delivered to the
     Relevant Trustee (in its individual capacity and on behalf of the Trust).
     An Administrative Trustee may be removed by the Holder of the Common
     Securities at any time.

          (d) If any Trustee shall resign, be removed or become incapable of
     acting as Trustee, or if a vacancy shall occur in the office of any Trustee
     for any cause, at a time when no Debenture Event of Default shall have
     occurred and be continuing, the Holder of the Common Securities, by Act of
     the Holder of the Common Securities delivered to the retiring Trustee,
     shall promptly appoint a successor Trustee or Trustees with respect to the
     Trust Securities and the Trust, and the successor Trustee shall comply with
     the applicable requirements of Section 8.12 hereof. If the Property Trustee
     or the Resident Trustee shall resign, be removed or become incapable of
     continuing to act as the Property Trustee or the Resident Trustee, as the
     case may be, at a time when a Debenture Event of Default shall have
     occurred and is continuing, the Holders, by Act of the Securityholders of a
     Majority in Liquidation Amount of the Trust Preferred Securities then
     Outstanding delivered to the retiring Relevant Trustee, shall promptly
     appoint a successor Relevant Trustee or Trustees with respect to the Trust
     Securities and the Trust, and such successor Trustee shall comply with the
     applicable requirements of Section 8.12 hereof. If an Administrative
     Trustee shall resign, be removed or become incapable of acting as
     Administrative Trustee, at a time when a Debenture Event of Default shall
     have occurred and be continuing, the Holder of the Common Securities, by
     Act of the Holder of the Common Securities delivered to an Administrative
     Trustee, shall promptly appoint a successor Administrative Trustee or
     Administrative Trustees with respect to the Trust Securities and the Trust,
     and such successor Administrative Trustee or Administrative Trustees shall
     comply with the applicable requirements of Section 8.12 hereof. If no
     successor Relevant Trustee with respect to the Trust Securities shall have
     been so appointed by the Holder of the Common Securities or the Holders of
     the Trust Preferred

                                      -46-

<PAGE>

     Securities and accepted appointment in the manner required by Section 8.12
     hereof, any Securityholder who has been a Securityholder of Trust
     Securities for at least the past six (6) consecutive months on behalf of
     himself and all others similarly situated may petition a court of competent
     jurisdiction for the appointment of a successor Relevant Trustee with
     respect to the Trust Securities.

          (e) The Administrative Trustees shall give notice of each resignation
     and each removal of a Trustee and each appointment of a successor Trustee
     to all Securityholders in the manner provided in Section 10.8 hereof and
     shall give notice to the Depositor. 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.

          (f) Notwithstanding the foregoing or any other provision of this Trust
     Agreement, in the event any Administrative Trustee or a Resident Trustee
     who is a natural person dies or becomes, in the opinion of the Depositor,
     incompetent or incapacitated, the vacancy created by such death,
     incompetence or incapacity may be filled by (a) the unanimous act of the
     remaining Administrative Trustees if there are at least two of them; or (b)
     otherwise by the Depositor (with the successor in each case being a Person
     who satisfies the eligibility requirement for Administrative Trustees or
     Resident Trustee, as the case may be, set forth in Section 8.8 hereof).

     Section 8.12 Acceptance of Appointment by Successor.

          (a) In case of the appointment hereunder of a successor Relevant
     Trustee with respect to the Trust Securities and the Trust, the retiring
     Relevant Trustee and each successor Relevant Trustee with respect to the
     Trust Securities shall execute and deliver an instrument hereto wherein
     each successor Relevant Trustee shall accept such appointment and which
     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 upon the execution
     and delivery of such instrument 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 with respect to the Trust
     Securities and the Trust; 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.

          (b) 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 immediately preceding paragraph, as
     the case may be.

                                      -47-

<PAGE>

          (c) 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.

     Section 8.13 Merger, Conversion, Consolidation or Succession to Business.

     Any Person into which the Property Trustee, the Resident Trustee or any
Administrative 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 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.

     Section 8.14 Preferential Collection of Claims Against Depositor or Trust.

     If and when the Property Trustee or the Resident Trustee shall be or become
a creditor of the Depositor or the Trust (or any other obligor upon the
Debentures or the Trust Securities), the Property Trustee or the Resident
Trustee, as the case may be, shall be subject to and shall take all actions
necessary in order to comply with the provisions of the Trust Indenture Act, if
applicable, regarding the collection of claims against the Depositor or Trust
(or any such other obligor).

     Section 8.15 Reports by Property Trustee.

          (a) The Property Trustee shall transmit to Securityholders such
     reports concerning the Property Trustee and its actions under this Trust
     Agreement as may be required pursuant to the Trust Indenture Act, if then
     applicable, at the times and in the manner provided pursuant thereto (it
     being understood that, with respect to Section 313 thereof, no such report
     shall be required if none of the events set forth in such Section has
     occurred during the period to which such report would relate).

          (b) A copy of each such report shall, at the time of such transmission
     to Holders, be filed by the Property Trustee with the Depositor.

          (c) The Property Trustee covenants and agrees to transmit by mail,
     first class postage prepaid, to the Holders of Trust Preferred Securities,
     as their names and addresses appear on the Securities Register, any
     information, documents and reports required to be transmitted by the
     Company pursuant to subsection (b) of Section 8.16, as soon as practicable
     after the receipt of such information from the Company.

     Section 8.16 Reports to the Property Trustee.

          (a) If applicable, the Depositor and the Administrative Trustees on
     behalf of the Trust shall provide to the Property Trustee such documents,
     reports and information as required by Section 314 of the Trust Indenture
     Act, if applicable, 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.

                                      -48-

<PAGE>

          (b) The Company covenants and agrees to transmit to the Property
     Trustee in the same form as filed with the Federal Reserve (i) its annual
     audited consolidated financial statements within 90 days following the end
     of its fiscal year and (ii) its quarterly consolidated financial statements
     within 45 days after the end of the first three fiscal quarters of each
     fiscal year; provided, however, that if subsequent to the date hereof, the
     Company shall become subject to the reporting obligations under Section
     13(a) or Section 15(d) of the Exchange Act, the Company shall instead
     transmit to the Property Trustee the information, documents and reports the
     Company is required to file with the Securities and Exchange Commission
     pursuant to Section 13(a) or Section 15(d) of the Exchange Act.

     Section 8.17 Evidence of Compliance with Conditions Precedent.

     If at any time after the date hereof the Indenture is required to be
qualified under the Trust Indenture Act, each of the Depositor and the
Administrative Trustees on behalf of the Trust shall provide to the Property
Trustee such evidence of compliance with any conditions precedent, if any,
provided for in this Trust Agreement 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 Delegation of Power.

          (a) Any Administrative Trustee may, by power of attorney consistent
     with applicable law, delegate to any other natural person over the age of
     21 his or her power for the purpose of executing any documents contemplated
     in Section 2.7(a) hereof; and

          (b) The Administrative Trustees shall have power to delegate from time
     to time to such of their number or to the Depositor the doing of such
     things and the execution of such instruments either in the name of the
     Trust or the names of the Administrative Trustees or otherwise as the
     Administrative Trustees may deem expedient, to the extent such delegation
     is not prohibited by applicable law or contrary to the provisions of this
     Trust Agreement, as set forth herein.

     Section 8.19 Voting.

     Except as otherwise provided in this Trust Agreement, the consent or
approval of the Administrative Trustees shall require consent or approval by not
less than a majority of the Administrative Trustees, unless there are only two,
in which case both must consent.

                                      -49-

<PAGE>

                                   ARTICLE IX

                       TERMINATION, LIQUIDATION AND MERGER

     Section 9.1 Termination Upon Expiration Date.

     Unless earlier dissolved, the Trust shall automatically dissolve on the
date which is one month from receipt of final payment due under the Indenture
(the "Expiration Date") and thereafter shall distribute the Trust Property in
accordance with Section 9.4 hereof.

     Section 9.2 Early Termination.

     The first to occur of any of the following events is an "Early Termination
Event", at which time the Trust shall dissolve and commence winding up its
affairs:"

          (a) the occurrence of a Bankruptcy Event in respect of, or the
     dissolution or liquidation of, the Depositor;

          (b) delivery of written direction to the Property Trustee by the
     Depositor at any time (which direction is wholly optional and within the
     discretion of the Depositor, subject to Depositor having received prior
     approval of the Board of Governors of the Federal Reserve System if so
     required under applicable guidelines, policies or regulations thereof) to
     dissolve the Trust and distribute the Debentures to the Securityholders in
     exchange for the Trust Securities in accordance with Section 9.4 hereof;

          (c) the redemption of all of the Trust Preferred Securities in
     connection with the redemption of all of the Debentures (whether upon a
     Debenture Redemption Date or the maturity of the Debentures); or

          (d) the existence of an order for dissolution of the Trust shall have
     been entered by a court of competent jurisdiction.

     Section 9.3 Termination.

     The respective obligations and responsibilities of the 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 Securityholders
upon the liquidation of the Trust pursuant to Section 9.4 hereof, or upon the
redemption of all of the Trust Securities pursuant to Section 4.2 hereof, of all
amounts required to be distributed hereunder upon the final payment of the Trust
Securities; (b) the payment of any expenses owed by the Trust; (c) the discharge
of all administrative duties of the Administrative Trustees, including the
performance of any tax reporting obligations with respect to the Trust or the
Securityholders; and (d) the filing of a Certificate of Cancellation by the
Administrative Trustees under the Delaware Business Trust Act.

     Section 9.4 Liquidation.

          (a) If an Early Termination Event specified in clause (a), (b), or (d)
     of Section 9.2 occurs or upon the Expiration Date, the Trust shall be
     liquidated by the Trustees in

                                      -50-

<PAGE>

     accordance with their respective duties hereunder as provided herein as
     expeditiously as the Trustees determine to be possible by distributing,
     after satisfaction of liabilities to creditors of the Trust as provided by
     applicable law, to each Securityholder a Like Amount of Debentures, subject
     to Section 9.4(d). Notice of liquidation shall be given by the Property
     Trustee by first-class mail, postage prepaid, mailed not less than 30 nor
     more than 60 days prior to the Liquidation Date to each Holder of Trust
     Securities at such Holder's address appearing in the Securities Register.
     All notices of liquidation shall:

          (i)  state the Liquidation Date;

          (ii) state that from and after the Liquidation Date, the Trust
               Securities shall no longer be deemed to be Outstanding and any
               Trust Securities Certificates not surrendered for exchange shall
               be deemed to represent a Like Amount of Debentures; and

          (iii) provide such information with respect to the mechanics by which
               Holders may exchange Trust Securities Certificates for
               Debentures, or, if Section 9.4(d) applies, receive a Liquidation
               Distribution, as the Administrative Trustees or the Property
               Trustee shall in good faith deem appropriate.

          (b) Except where Section 9.2(c) or 9.4(d) applies, in order to effect
     the liquidation of the Trust and distribution of the Debentures to
     Securityholders, the Property Trustee shall establish a record date for
     such distribution (which shall be not more than 45 days prior to the
     Liquidation Date) and, either itself acting as exchange agent or through
     the appointment of a separate exchange agent, shall establish such
     procedures as it shall deem appropriate to effect the distribution of
     Debentures in exchange for the Outstanding Trust Securities Certificates.

          (c) Except where Section 9.2(c) or 9.4(d) applies, after the
     Liquidation Date, (i) the Trust Securities shall no longer be deemed to be
     Outstanding; (ii) certificates representing a Like Amount of Debentures
     shall be issued to Holders of Trust Securities Certificates upon surrender
     of such certificates to the Administrative Trustees or their agent for
     exchange; (iii) any Trust Securities Certificates not so surrendered for
     exchange shall be deemed to represent a Like Amount of Debentures, accruing
     interest at the rate provided for in the Debentures from the last
     Distribution Date on which a Distribution was made on such Trust Securities
     Certificates until such certificates are so surrendered (and until such
     certificates are so surrendered, no payments of interest or principal shall
     be made to Holders of Trust Securities Certificates with respect to such
     Debentures); and (iv) all rights of Securityholders holding Trust
     Securities shall cease, except the right of such Securityholders to receive
     Debentures upon surrender of Trust Securities Certificates.

          (d) In the event that, 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 Debentures in
     the manner provided herein is determined in good faith by the Property
     Trustee not to be practical, the Trust Property shall be liquidated, and
     the Trust shall be dissolved, wound-up or terminated, by the Property

                                      -51-

<PAGE>

     Trustee in such manner as the Property Trustee determines in good faith. In
     such event, on the date of the dissolution of the Trust, Securityholders
     shall be entitled to receive out of the assets of the Trust available for
     distribution to Securityholders, 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 dissolution, the Liquidation
     Distribution can be paid only in part because the Trust has insufficient
     assets available to pay in full the aggregate Liquidation Distribution,
     then, 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). The Holder of the Common Securities shall be entitled
     to receive Liquidation Distributions upon any such dissolution pro rata
     (determined as aforesaid) with Holders of Trust Preferred Securities,
     except that, if a Debenture Event of Default has occurred and is
     continuing, the Trust Preferred Securities shall have a priority over the
     Common Securities.

     Section 9.5 Mergers, Consolidations, Amalgamations or Replacements of the
Trust.

     The Trust may not merge with or into, consolidate, amalgamate, or be
replaced by, or convey, transfer or lease its properties and assets
substantially as an entirety to any corporation or other Person, except pursuant
to this Section 9.5. At the request of the Depositor, with the consent of the
Administrative Trustees and without the consent of the Holders of the Trust
Preferred Securities, the Property Trustee or the Resident Trustee, the Trust
may merge with or into, consolidate, amalgamate, be replaced by or convey,
transfer or lease its properties and assets substantially as an entirety to a
trust organized as such under the laws of any state; provided, that:

          (a) such successor entity either:

          (i)  expressly assumes all of the obligations of the Trust with
               respect to the Trust Preferred Securities; or

          (ii) substitutes for the Trust Preferred Securities other securities
               having substantially the same terms as the Trust Preferred
               Securities (the "Successor Securities") so long as the Successor
               Securities rank the same as the Trust Preferred Securities rank
               in priority with respect to distributions and payments upon
               liquidation, redemption and otherwise.

          (b) the Depositor expressly appoints a trustee of such successor
     entity possessing substantially the same powers and duties as the Property
     Trustee as the holder of the Debentures;

          (c) the Successor Securities are listed or traded, or any Successor
     Securities shall be listed or traded upon notification of issuance, on any
     national securities exchange or other organization on which the Trust
     Preferred Securities are then listed or quoted, if any;

                                      -52-

<PAGE>

          (d) such merger, consolidation, amalgamation, replacement, conveyance,
     transfer or lease does not adversely affect the rights, preferences and
     privileges of the Holders of the Trust Preferred Securities (including any
     Successor Securities) in any material respect;

          (e) such successor entity has a purpose substantially identical to
     that of the Trust;

          (f) prior to such merger, consolidation, amalgamation, replacement,
     conveyance, transfer or lease, the Depositor has received an Opinion of
     Counsel to the effect that:

          (i)  such merger, consolidation, amalgamation, replacement,
               conveyance, transfer or lease does not adversely affect the
               rights, preferences and privileges of the Holders of the Trust
               Preferred Securities (including any Successor Securities) in any
               material respect; and

          (ii) following such merger, consolidation, amalgamation, replacement,
               conveyance, transfer or lease, neither the Trust nor such
               successor entity shall be required to register as an "investment
               company" under the Investment Company Act; and

          (g) the Depositor owns all of the common securities of such successor
     entity and guarantees the obligations of such successor entity under the
     Successor Securities at least to the extent provided by the Preferred
     Securities Guarantee.

Notwithstanding the foregoing, the Trust shall not, except with the consent of
Holders of 100% in Liquidation Amount of the Trust Preferred Securities,
consolidate, amalgamate, merge with or into, or be replaced by or convey,
transfer or lease its properties and assets substantially as an entirety to any
other Person or permit any other Person to consolidate, amalgamate, merge with
or into, or replace it if such consolidation, amalgamation, merger or
replacement would cause the Trust or the successor entity to be classified as
other than a grantor trust for United States federal income tax purposes.

                                    ARTICLE X

                            MISCELLANEOUS PROVISIONS

     Section 10.1 Limitation of Rights of Securityholders.

     The death or incapacity of any Person having an interest, beneficial or
otherwise, in Trust Securities shall not operate to terminate this Trust
Agreement, nor entitle the legal representatives or heirs of such Person or any
Securityholder 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.

                                      -53-

<PAGE>

     Section 10.2 Amendment.

          (a) This Trust Agreement may be amended from time to time by the
     Administrative Trustees and the Depositor, without the consent of any
     Securityholders, the Property Trustee or the Resident Trustee, (i) as
     provided in Section 8.12 hereof with respect to acceptance of appointment
     by a successor Trustee; (ii) to cure any ambiguity, correct or supplement
     any provision herein which may be inconsistent with any other provision
     herein, or to make any other provisions with respect to matters or
     questions arising under this Trust Agreement, that shall not be
     inconsistent with the other provisions of this Trust Agreement; or (iii) to
     modify, eliminate or add to any provisions of this Trust Agreement to such
     extent as shall be necessary to ensure that the Trust shall be classified
     for United States federal income tax purposes as a grantor trust at all
     times that any Trust Securities are outstanding or to ensure that the Trust
     shall not be required to register as an "investment company" under the
     Investment Company Act; provided, however, that in the case of clause (ii),
     such action shall not adversely affect in any material respect the
     interests of any Securityholder, and any amendments of this Trust Agreement
     shall become effective when notice thereof is given to the Securityholders,
     the Property Trustee and the Resident Trustee.

          (b) Except as provided in Section 6.1(c) or Section 10.2(c) hereof,
     any provision of this Trust Agreement may be amended by the Administrative
     Trustees and the Depositor (i) with the consent of Securityholders
     representing not less than a majority (based upon Liquidation Amounts) of
     the Trust Securities then Outstanding; and (ii) upon receipt by the
     Trustees of an Opinion of Counsel to the effect that such amendment or the
     exercise of any power granted to the Trustees in accordance with such
     amendment shall not affect the Trust's status as a grantor trust for United
     States federal income tax purposes or the Trust's exemption from status of
     an "investment company" under the Investment Company Act.

          (c) In addition to and notwithstanding any other provision in this
     Trust Agreement, without the consent of each affected Securityholder (such
     consent being obtained in accordance with Section 6.3 or Section 6.6
     hereof), this Trust Agreement 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 Securityholder to institute suit for the enforcement of any
     such payment on or after such date; notwithstanding any other provision
     herein, without the unanimous consent of the Securityholders (such consent
     being obtained in accordance with Section 6.3 or 6.6 hereof), this
     paragraph (c) of this Section 10.2 may not be amended.

          (d) Notwithstanding any other provisions of this Trust Agreement, no
     Trustee shall enter into or consent to any amendment to this Trust
     Agreement which would cause the Trust to fail or cease to qualify for the
     exemption from status of an "investment company" under the Investment
     Company Act or to fail or cease to be classified as a grantor trust for
     United States federal income tax purposes.

                                      -54-

<PAGE>

          (e) Notwithstanding anything in this Trust Agreement to the contrary,
     without the consent of the Depositor, this Trust Agreement may not be
     amended in a manner which imposes any additional obligation on the
     Depositor.

          (f) In the event that any amendment to this Trust Agreement is made,
     the Administrative Trustees shall promptly provide to the Depositor a copy
     of such amendment.

          (g) Notwithstanding any other provision of this Trust Agreement,
     without the consent of the Property Trustee and/or the Resident Trustee, as
     applicable, this Trust Agreement may not be amended in any manner, and
     neither the Property Trustee nor the Resident Trustee shall be required to
     enter into any amendment to this Trust Agreement, which affects the rights,
     privileges, powers, duties, obligations or immunities of the Property
     Trustee or the Resident Trustee under this Trust Agreement or the Trust
     Securities. The Property Trustee shall be entitled to receive an Opinion of
     Counsel and an Officers' Certificate stating that any proposed amendment to
     this Trust Agreement is in compliance with this Trust Agreement.

     Section 10.3 Severability.

     In case any provision in this Trust Agreement 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.

     Section 10.4 Governing Law.

     THIS TRUST AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF EACH OF THE
SECURITYHOLDERS, THE TRUST AND THE TRUSTEES WITH RESPECT TO THIS TRUST AGREEMENT
AND THE TRUST SECURITIES SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY
THE LAWS OF THE STATE OF Delaware (WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES
THEREOF). PROVIDED, HOWEVER, THAT THERE SHALL NOT BE APPLICABLE TO THE PARTIES
HEREUNDER OR THIS TRUST AGREEMENT ANY PROVISION OF THE LAWS (COMMON OR
STATUTORY) OR THE STATE OF DELAWARE PERTAINING TO TRUSTS THAT RELATE TO OR
REGULATE, IN A MANNER INCONSISTENT WITH THE TERMS HEREOF, (A) THE FILING WITH
ANY COURT OR GOVERNMENTAL BODY OR AGENCY OF TRUSTEE ACCOUNTS OR SCHEDULES OF
TRUSTEE FEES AND CHARGES, (B) AFFIRMATIVE REQUIREMENTS TO POST BONDS FOR
TRUSTEES, OFFICERS, AGENTS OR EMPLOYEES OF A TRUST, (C) THE NECESSITY FOR
OBTAINING COURT OR OTHER GOVERNMENTAL APPROVAL CONCERNING THE ACQUISITION,
HOLDING OR DISPOSITION OF REAL OR PERSONAL PROPERTY, (D) FEES OR OTHER SUMS
PAYABLE TO TRUSTEES, OFFICERS, AGENTS OR EMPLOYEES OF A TRUST, (E) THE
ALLOCATION OF RECEIPTS AND EXPENDITURES TO INCOME OR PRINCIPAL (F) RESTRICTIONS
OR LIMITATIONS ON THE PERMISSIBLE NATURE, AMOUNT OR CONCENTRATION OF TRUST
INVESTMENTS OR REQUIREMENTS RELATING TO THE TITLING, STORAGE OR OTHER MANNER OF
HOLDING OR INVESTING TRUST ASSETS OR (G) THE ESTABLISHMENT OF

                                      -55-

<PAGE>

FIDUCIARY OR OTHER STANDARDS OF RESPONSIBILITY OR LIMITATIONS ON THE ACTS OR
POWERS OF TRUSTEES THAT ARE INCONSISTENT WITH THE LIMITATIONS OR AUTHORITIES AND
POWERS OF THE TRUSTEES HEREUNDER AS SET FORTH OR REFERENCED IN THIS TRUST
AGREEMENT. SECTION 3540 OF TITLE 12 OF THE DELAWARE CODE SHALL NOT APPLY TO THE
TRUST. THE PARTIES HERETO HEREBY CONSENT TO (i) THE NON-EXCLUSIVE JURISDICTION
OF THE COURTS OF THE STATE OF DELAWARE AND (ii) SERVICE OF PROCESS BY MAIL IN
ACCORDANCE WITH SECTION 10.8 HEREOF.

     Section 10.5 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 which is a Business Day, except that, if such
Business Day is in the next succeeding calendar year, such payment shall be made
on the immediately preceding Business Day (and without any reduction of interest
or any other payment in respect of any such acceleration), in each case with the
same force and effect as though made on the date fixed for such payment, and no
distribution shall accumulate thereon for the period after such date.

     Section 10.6 Successors.

     This Trust Agreement shall be binding upon and shall inure to the benefit
of any successor to the Depositor, the Trust or the Relevant Trustee(s),
including any successor by operation of law. Except in connection with a
consolidation, merger or sale involving the Depositor that is permitted under
Article XII of the Indenture and pursuant to which the assignee agrees in
writing to perform the Depositor's obligations hereunder, the Depositor shall
not assign its obligations hereunder.

     Section 10.7 Headings.

     The Article and Section headings are for convenience only and shall not
affect the construction of this Trust Agreement.

     Section 10.8 Reports, Notices and Demands.

     Any report, notice, demand or other communication which by any provision of
this Trust Agreement is required or permitted to be given or served to or upon
any Securityholder or the Depositor 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 the Trust Preferred Securities, to such Holder of the Trust Preferred
Securities as such Securityholder's name and address may appear on the
Securities Register; and (b) in the case of the Holder of the Common Securities
or the Depositor, to Enterprise Financial Services Corp., 1281 N. Warson Road

     St. Louis, MO 63132 , Attention: Chief Executive Officer, facsimile no.:
(314) 812-1576. Any notice to Holders of the Trust Preferred Securities shall
also be given to such owners as have, within two years preceding the giving of
such notice, filed their names and addresses with the Property Trustee for that
purpose. Such notice, demand or other communication to or upon a

                                      -56-

<PAGE>

Securityholder shall be deemed to have been sufficiently given or made, for all
purposes, upon hand delivery, mailing or transmission.

     Any notice, demand or other communication which by any provision of this
Trust Agreement is required or permitted to be given or served to or upon the
Trust, the Resident Trustee, the Property Trustee or the Administrative Trustees
shall be given in writing addressed (until another address is published by the
Trust) as follows: (a) with respect to the Property Trustee to Wells Fargo Bank,
National Association, 919 Market Street, Suite 700

     Wilmington, Delaware 19801 , Attention: Corporate Trust Administration; (b)
with respect to the Resident Trustee, to Wells Fargo Delaware Trust Company at
919 Market Street, Suite 700

     Wilmington, Delaware 19801; and (c) with respect to the Trust or the
Administrative Trustees, to them at the address above for notices to the
Depositor, marked "Attention: Administrative Trustees of Capital Trust." Such
notice, demand or other communication to or upon the Trust, the Property
Trustee, the Resident Trustee or the Administrative Trustees shall be deemed to
have been sufficiently given or made only upon actual receipt of the writing by
the Trust, the Property Trustee, the Resident Trustee or the Administrative
Trustees.

     Section 10.9 Agreement not to Petition.

     Each of the Trustees and the Depositor agrees for the benefit of the
Securityholders that, until at least one year and one day after the Trust has
been terminated 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, without limitation, the United
States Bankruptcy Code of 1978, as amended, collectively, "Bankruptcy Laws") or
otherwise join in the commencement of any proceeding against the Trust under any
Bankruptcy Law. In the event the Depositor or any of the Trustees takes action
in violation of this Section 10.9, the Property Trustee agrees, for the benefit
of Securityholders, that at the expense of the Depositor (which expense shall be
paid prior to the filing), it shall file an answer with the bankruptcy court or
otherwise properly contest the filing of such petition by the Depositor or such
Trustee against the Trust or the commencement of such action and raise the
defense that the Depositor or such Trustee has agreed in writing not to take
such action and should be estopped and precluded therefrom. The provisions of
this Section 10.9 shall survive the termination of this Trust Agreement.

     Section 10.10 Applicability of Trust Indenture Act; Conflict.

          (a) Unless and until the Indenture is required to be qualified under
     the Trust Indenture Act so that the provisions thereof are applicable, (i)
     the provisions of the Trust Indenture Act do not apply to this Trust
     Agreement and are not given effect; and (ii) notwithstanding any other
     provision of this Trust Agreement (including without limitation Sections
     8.2(c), 8.4(b) and (i), 8.7(b) and 8.7(c) hereof), no Trustee shall be
     liable for its own simple negligence, but shall only be liable for its own
     gross negligence.

          (b) The Property Trustee shall be the only Trustee which is a trustee
     for the purposes of the Trust Indenture Act.

                                      -57-

<PAGE>

          (c) If any provision hereof limits, qualifies or conflicts with
     another provision hereof which is required to be included in this Trust
     Agreement by any of the provisions of the Trust Indenture Act, and the
     Trust Indenture Act is then applicable to this Trust Agreement, such
     required provision shall control. If any provision of this Trust Agreement
     modifies or excludes any provision of the Trust Indenture Act which may be
     so modified or excluded, the latter provision shall be deemed to apply to
     this Trust Agreement as so modified or to be excluded, as the case may be.
     The application of the Trust Indenture Act to this Trust Agreement shall
     not affect the nature of the Trust Securities as equity securities
     representing undivided beneficial interests in the assets of the Trust.

     Section 10.11 Acceptance of Terms of Trust Agreement, Guarantee and
Indenture.

     THE RECEIPT AND ACCEPTANCE OF A TRUST SECURITY OR ANY INTEREST THEREIN BY
OR ON BEHALF OF A SECURITYHOLDER OR ANY BENEFICIAL OWNER, WITHOUT ANY SIGNATURE
OR FURTHER MANIFESTATION OF ASSENT, SHALL CONSTITUTE THE UNCONDITIONAL
ACCEPTANCE BY THE SECURITYHOLDER AND ALL OTHERS HAVING A BENEFICIAL INTEREST IN
SUCH TRUST SECURITY OF ALL THE TERMS AND PROVISIONS OF THIS TRUST AGREEMENT AND
AGREEMENT TO THE SUBORDINATION PROVISIONS AND OTHER TERMS OF THE GUARANTEE AND
THE INDENTURE, AND SHALL CONSTITUTE THE AGREEMENT OF THE TRUST, SUCH
SECURITYHOLDER AND SUCH OTHERS THAT THE TERMS AND PROVISIONS OF THIS TRUST
AGREEMENT SHALL BE BINDING, OPERATIVE AND EFFECTIVE AS BETWEEN THE TRUST AND
SUCH SECURITYHOLDER AND SUCH OTHERS. WITHOUT LIMITING THE FOREGOING, BY
ACCEPTANCE OF A TRUST PREFERRED SECURITY, EACH HOLDER THEREOF SHALL BE DEEMED TO
HAVE AGREED TO TREAT, FOR ALL UNITED STATES FEDERAL INCOME TAX AND FINANCIAL
ACCOUNTING PURPOSES, THE DEBENTURES AS INDEBTEDNESS OF THE COMPANY AND THE TRUST
PREFERRED SECURITIES AS EVIDENCING AN UNDIVIDED PREFERRED BENEFICIAL OWNERSHIP
INTEREST IN THE DEBENTURES.

                  [Remainder of Page Left Intentionally Blank]

                                      -58-

<PAGE>

     IN WITNESS WHEREOF, this Trust Agreement is dated as set forth below and
effective as of the day and year first above written.

                                    Enterprise Financial Services Corp.

                                    By:
                                       ---------------------------------------
                                    Name:
                                         -------------------------------------
                                    Title:
                                          ------------------------------------
                                    Date:
                                         -------------------------------------

                                    Wells Fargo Bank, National Association, as
                                    Property Trustee

                                    By:
                                       ---------------------------------------
                                    Name:
                                         -------------------------------------
                                    Title:
                                          ------------------------------------
                                    Date:
                                         -------------------------------------

                                    Wells Fargo Delaware Trust Company, as
                                    Resident Trustee

                                    By:
                                       ---------------------------------------
                                    Name:
                                         -------------------------------------
                                    Title:
                                          ------------------------------------
                                    Date:
                                         -------------------------------------

                                    ------------------------------------------
                                                           , As Administrative
                                    ----------------------
                                    Trustee

                                      -59-

<PAGE>

                                    ------------------------------------------
                                                           , As Administrative
                                    ----------------------
                                    Trustee

                                    ------------------------------------------
                                                           , As Administrative
                                    ----------------------
                                    Trustee

                                      -60-

<PAGE>

                                    EXHIBIT A
                          FORM OF CERTIFICATE OF TRUST
                                       OF
                              EFSC CAPITAL TRUST I

                                      A-1

<PAGE>

                                    EXHIBIT B

                       FORM OF COMMON SECURITY CERTIFICATE

                                      B-1

<PAGE>

                                    EXHIBIT C

                    AGREEMENT AS TO EXPENSES AND LIABILITIES

                                      C-1

<PAGE>

                                    EXHIBIT D

                FORM OF FLOATING RATE CUMULATIVE TRUST PREFERRED

                              SECURITY CERTIFICATE

                                      D-1

<PAGE>

                                    EXHIBIT E

                  FORM OF TRANSFEREE LETTER OF REPRESENTATIONS

                                      E-1

<PAGE>

                                    EXHIBIT F

                  FORM OF TRANSFEROR LETTER OF REPRESENTATIONS

                                      F-1<PAGE>

                                  Exhibit 4.9.4
                 Trust Preferred Securities Guarantee Agreement

                 TRUST PREFERRED SECURITIES GUARANTEE AGREEMENT

                                 BY AND BETWEEN

                     Enterprise Financial Services Corp. AND

                     Wells Fargo Bank, National Association

                          EFFECTIVE AS OF June 27, 2002

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                     Page
<S>              <C>                                                                                  <C>
ARTICLE I        DEFINITIONS AND INTERPRETATION........................................................1
    Section 1.1      Definitions and Interpretation....................................................1
ARTICLE II       TRUST INDENTURE ACT...................................................................5
    Section 2.1      Indenture Act; Application........................................................5
    Section 2.2      Lists of Holders of Securities....................................................5
    Section 2.3      Reports by the Trust Preferred Guarantee Trustee..................................5
    Section 2.4      Reports to Trust Preferred Guarantee Trustee......................................6
    Section 2.5      Evidence of Compliance with Conditions Precedent..................................6
    Section 2.6      Event of Default; Waiver..........................................................6
    Section 2.7      Event of Default; Notice..........................................................6
    Section 2.8      Conflicting Interests.............................................................7
ARTICLE III      POWERS, DUTIES AND RIGHTS OF TRUST PREFERRED GUARANTEE TRUSTEE........................7
    Section 3.1      Powers and Duties of the Trust Preferred Guarantee Trustee........................7
    Section 3.2      Certain Rights of Trust Preferred Guarantee Trustee...............................9
    Section 3.3      Not Responsible for Recitals or Issuance of Guarantee............................11
ARTICLE IV       TRUST PREFERRED GUARANTEE TRUSTEE....................................................11
    Section 4.1      Trust Preferred Guarantee Trustee; Eligibility...................................11
    Section 4.2      Appointment, Removal and Resignation of Trust Preferred Guarantee Trustees.......12
ARTICLE V        GUARANTEE............................................................................13
    Section 5.1      Guarantee........................................................................13
    Section 5.2      Waiver of Notice and Demand......................................................13
    Section 5.3      Obligations not Affected.........................................................13
    Section 5.4      Rights of Holders................................................................14
    Section 5.5      Guarantee of Payment.............................................................14
    Section 5.6      Subrogation......................................................................14
    Section 5.7      Independent Obligations..........................................................15
</TABLE>

                                      -i-

<PAGE>

                                TABLE OF CONTENTS
                                   (continued)
<TABLE>
<CAPTION>
                                                                                                     Page
<S>              <C>                                                                                  <C>
ARTICLE VI       LIMITATION OF TRANSACTIONS; SUBORDINATION............................................15
    Section 6.1      Limitation of Transactions.......................................................15
    Section 6.2      Ranking..........................................................................16
ARTICLE VII      TERMINATION..........................................................................16
    Section 7.1      Termination......................................................................16
ARTICLE VIII     INDEMNIFICATION......................................................................16
    Section 8.1      Exculpation......................................................................16
    Section 8.2      Indemnification..................................................................17
ARTICLE IX       MISCELLANEOUS........................................................................17
    Section 9.1      Successors and Assigns...........................................................17
    Section 9.2      Amendments.......................................................................17
    Section 9.3      Notices..........................................................................18
    Section 9.4      Benefit..........................................................................18
    Section 9.5      Governing Law....................................................................18
</TABLE>

                                      -ii-

<PAGE>

                 TRUST PREFERRED SECURITIES GUARANTEE AGREEMENT

     THIS TRUST PREFERRED SECURITIES GUARANTEE AGREEMENT (this "Trust Preferred
Securities Guarantee"), effective as of June 27, 2002, is executed and delivered
by Enterprise Financial Services Corp., a Delaware corporation (the
"Guarantor"), and Wells Fargo Bank, National Association, as trustee (the "Trust
Preferred Guarantee Trustee"), for the benefit of the Holders (as defined
herein) from time to time of the Trust Preferred Securities (as defined herein)
of EFSC Capital Trust I, a Delaware statutory business trust (the "Trust").

                                    RECITALS

     WHEREAS, pursuant to an Amended and Restated Trust Agreement (the "Trust
Agreement"), effective as of June 27, 2002, among the trustees of the Trust
named therein, the Guarantor, as depositor, and the holders from time to time of
undivided beneficial interests in the assets of the Trust, the Trust is issuing
on the date hereof up to Four Thousand (4,000) preferred securities, having an
aggregate liquidation amount of Four Million Dollars ($4,000,000), and such
preferred securities being designated the Floating Rate Cumulative Trust
Preferred Securities (the "Trust Preferred Securities");

     WHEREAS, as incentive for the Holders to purchase the Trust Preferred
Securities, the Guarantor desires irrevocably and unconditionally to agree, to
the extent set forth in this Trust Preferred Securities Guarantee, to pay to the
Holders of the Trust Preferred Securities the Guarantee Payments (as defined
herein) and to make certain other payments on the terms and conditions set forth
herein.

     NOW, THEREFORE, in consideration of the purchase by each Holder of Trust
Preferred Securities, which purchase the Guarantor hereby agrees shall benefit
the Guarantor, the Guarantor executes and delivers this Trust Preferred
Securities Guarantee for the benefit of the Holders.

                                   ARTICLE I

                         DEFINITIONS AND INTERPRETATION

     Section 1.1 Definitions and Interpretation.

          In this Trust Preferred Securities Guarantee, unless the context
     otherwise requires:

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

          (b) terms defined in the Trust Agreement as of the date of execution
     of this Trust Preferred Securities Guarantee have the same meaning when
     used in this Trust Preferred Securities Guarantee, unless otherwise defined
     in this Trust Preferred Securities Guarantee;

          (c) a term defined anywhere in this Trust Preferred Securities
     Guarantee has the same meaning throughout;

<PAGE>

          (d) all references to "the Trust Preferred Securities Guarantee" or
     "this Trust Preferred Securities Guarantee" are to this Trust Preferred
     Securities Guarantee as modified, supplemented or amended from time to
     time;

          (e) all references in this Trust Preferred Securities Guarantee to
     Articles and Sections are to Articles and Sections of this Trust Preferred
     Securities Guarantee, unless otherwise specified;

          (f) a term defined in the Trust Indenture Act (as defined below) has
     the same meaning when used in this Trust Preferred Securities Guarantee,
     unless otherwise defined in this Trust Preferred Securities Guarantee or
     unless the context otherwise requires; and

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

     "Affiliate" has the same meaning as given to that term in Rule 405 of the
Securities Act of 1933, as amended, or any successor rule thereunder.

     "Business Day" means any day other than a Saturday, Sunday, a day on which
federal or state banking institutions in Clayton, Missouri, Wilmington, Delaware
or Minneapolis, Minnesota are authorized or required by law, executive order or
regulation to close or a day on which the Corporate Trust Office of the Trust
Preferred Guarantee Trustee is closed for business.

     "Corporate Trust Office" means the office of the Trust Preferred Guarantee
Trustee at which the corporate trust business of the Trust Preferred Guarantee
Trustee shall, at any particular time, be principally administered, which office
at the date of execution of this Agreement is located at 919 Market Street,
Suite 700

Wilmington, Delaware 19801 , Attention: Corporate Trust Administration.

     "Covered Person" means any Holder or beneficial owner of Trust Preferred
Securities.

     "Debentures" means the Floating Rate Junior Subordinated Deferrable
Interest Debentures due June 30, 2032, of the Debenture Issuer held by the
Property Trustee (as defined in the Trust Agreement) on behalf of the Trust.

     "Debenture Issuer" means Enterprise Financial Services Corp., issuer of the
Debentures under the Indenture.

     "Event of Default" means a default by the Guarantor on any of its payment
or other obligations under this Trust Preferred Securities Guarantee.

     "Guarantee Payments" means the following payments or distributions, without
duplication, with respect to the Trust Preferred Securities, to the extent not
paid or made by the Trust: (i) any accumulated and unpaid Distributions (as
defined in the Trust Agreement) that are required to be paid on such Trust
Preferred Securities, to the extent the Trust shall have funds legally available
therefor, (ii) the redemption price, including all accumulated and unpaid
Distributions to the date of redemption (the "Redemption Price"), to the extent
the Trust has funds legally available therefor, with respect to any Trust
Preferred Securities called for

                                      -2-

<PAGE>

redemption by the Trust, and (iii) upon a voluntary or involuntary dissolution,
winding-up or termination of the Trust (other than in connection with the
distribution of Debentures to the Holders in exchange for Trust Preferred
Securities as provided in the Trust Agreement), the lesser of (a) the aggregate
of the liquidation amount and all accumulated and unpaid Distributions on the
Trust Preferred Securities to the date of payment, to the extent the Trust shall
have funds legally available therefor, and (b) the amount of assets of the Trust
remaining legally available for distribution to Holders in liquidation of the
Trust (the "Liquidation Distribution").

     "Holder" shall mean any holder, as registered on the books and records of
the Trust, of any Trust Preferred Securities; provided, however, that, in
determining whether the holders of the requisite percentage of Trust Preferred
Securities have given any request, notice, consent or waiver hereunder, "Holder"
shall not include the Guarantor or the Trust Preferred Guarantee Trustee;
provided, further, that the Trust Preferred Guarantee Trustee shall be protected
in acting on any such request, notice, consent or waiver unless a Responsible
Officer of the Trust Preferred Guarantee Trustee shall have actual knowledge
that the holder of such Trust Preferred Securities is the Guarantor.

     "Indemnified Person" means the Trust Preferred Guarantee Trustee, any
Affiliate of the Trust Preferred Guarantee Trustee, or any officers, directors,
shareholders, members, partners, employees, representatives, nominees,
custodians or agents of the Trust Preferred Guarantee Trustee.

     "Indenture" means the Indenture effective as of June 27, 2002, among the
Debenture Issuer and Wells Fargo Bank, National Association, as trustee, and any
indenture supplemental thereto pursuant to which certain subordinated debt
securities of the Debenture Issuer are to be issued to the Property Trustee on
behalf of the Trust.

     "Liquidation Amount" means the stated value of $1,000 per Trust Preferred
Security.

     "Liquidation Distribution" has the meaning provided therefor in the
definition of Guarantee Payments.

     "List of Holders" has the meaning provided therefor in Section 2.2(a)
hereof.

     "Majority in Liquidation Amount of the Trust Preferred Securities" means
the Holders of more than 50% of the Liquidation Amount of the Outstanding (as
defined in the Trust Agreement) Trust Preferred Securities.

     "Officers' Certificate" means, with respect to any Person, a certificate
signed by two authorized officers of such Person, at least one of whom shall be
the principal executive officer, principal financial officer, principal
accounting officer, treasurer or any vice president of such Person. Any
Officers' Certificate delivered with respect to compliance with a condition or
covenant provided for in this Trust Preferred Securities Guarantee shall
include:

          (a) a statement that each officer signing the Officers' Certificate
     has read the covenant or condition and the definition relating thereto;

                                      -3-

<PAGE>

          (b) a brief statement of the nature and scope of the examination or
     investigation undertaken by each officer in rendering the Officers'
     Certificate;

          (c) a statement that each such officer has made such examination or
     investigation as, in such officer's opinion, is necessary to enable such
     officer to express an informed opinion as to whether or not such covenant
     or condition has been complied with; and

          (d) a statement as to whether, in the opinion of each such officer,
     such condition or covenant has been complied with.

     "Person" means a legal person, including any individual, corporation,
estate, partnership, joint venture, association, joint stock company, limited
liability company, trust, unincorporated association, or government or any
agency or political subdivision thereof, or any other entity of whatever nature.

     "Redemption Price" has the meaning provided therefor in the definition of
Guarantee Payments.

     "Responsible Officer" means, with respect to the Trust Preferred Guarantee
Trustee, any officer within the Corporate Trust Office of the Trust Preferred
Guarantee Trustee with direct responsibility for the administration of this
Trust Preferred Securities Guarantee, including any vice-president, any
assistant vice-president, any assistant secretary or other officer or assistant
officer of the Trust Preferred Guarantee Trustee customarily performing
functions similar to those performed by any of the Persons who at the time shall
be such officers, or to whom a corporate trust matter is referred because of
that officer's knowledge of and familiarity with the particular subject.

     "Securities Register" and "Securities Registrar" have the meanings provided
for each in the Trust Agreement.

     "Successor Trust Preferred Guarantee Trustee" means a successor Trust
Preferred Guarantee Trustee possessing the qualifications to act as Trust
Preferred Guarantee Trustee under Section 4.1 hereof.

     "Trust Agreement" has the meaning provided therefor in the Recitals hereof.

     "Trust Indenture Act" means the Trust Indenture Act of 1939 or any
successor statute thereto, in each case as amended from time to time.

     "Trust Preferred Guarantee Trustee" means Wells Fargo Bank, National
Association, in its capacity as trustee under this Trust Preferred Securities
Guarantee until a Successor Trust Preferred Guarantee Trustee has been appointed
and has accepted such appointment pursuant to the terms of this Trust Preferred
Securities Guarantee and thereafter means each such Successor Trust Preferred
Guarantee Trustee.

                                      -4-

<PAGE>

                                   ARTICLE II

                               TRUST INDENTURE ACT

     Section 2.1 Indenture Act; Application.

          (a) Unless and until the Indenture is required to be qualified under
     the Trust Indenture Act so that the provisions thereof are applicable (i)
     the provisions of the Trust Indenture Act do not apply to this Trust
     Preferred Securities Guarantee and are not given effect; and (ii)
     notwithstanding any other provision set forth herein, the Trust Preferred
     Guarantee Trustee shall not be liable for its own simple negligence, but
     shall only be liable for its own gross negligence.

          (b) If and to the extent that any provision of this Trust Preferred
     Securities Guarantee limits, qualifies or conflicts with the duties imposed
     by Section 310 to 317, inclusive, of the Trust Indenture Act, and the
     Indenture is then required to be qualified under the Trust Indenture Act so
     that the provisions thereof are applicable, such imposed duties shall
     control.

     Section 2.2 Lists of Holders of Securities.

          (a) In the event the Trust Preferred Guarantee Trustee is not also the
     Securities Registrar, the Guarantor shall provide the Trust Preferred
     Guarantee Trustee with a list, in such form as the Trust Preferred
     Guarantee Trustee may reasonably require, of the names and addresses of the
     Holders ("List of Holders") as of the date (i) within five (5) Business
     Days after March 15, June 15, September 15 and December 15, and (ii) at any
     other time within 30 days of receipt by the Guarantor of a written request
     for a List of Holders as of a date no more than 15 days before such List of
     Holders is given to the Trust Preferred Guarantee Trustee; provided, that
     the Guarantor shall not be obligated to provide such List of Holders at any
     time the List of Holders does not differ from the most recent List of
     Holders given to the Trust Preferred Guarantee Trustee by the Guarantor.
     The Trust Preferred Guarantee Trustee may destroy any List of Holders
     previously given to it on receipt of a new List of Holders.

          (b) If applicable, the Trust Preferred Guarantee Trustee shall comply
     with its obligations under Sections 311(a), 311(b) and Section 312(b) of
     the Trust Indenture Act.

     Section 2.3 Reports by the Trust Preferred Guarantee Trustee.

          (a) On or before July 15 in each year in which any of the Trust
     Preferred Securities are Outstanding, the Trust Preferred Guarantee Trustee
     shall transmit by mail, first class postage prepaid, to the Holders, as
     their names and addresses appear upon the Securities Register, a brief
     report dated as of the preceding May 15, if and to the extent required
     under Section 313(a) of the Trust Indenture Act, if applicable (it being
     understood that no such report shall be required if none of the events set
     forth in Section 313(a) of the Trust Indenture Act has occurred during the
     period to which such report would relate).

                                      -5-

<PAGE>

          (b) The Trust Preferred Guarantee shall comply with Sections 313(b)
     and 313(c) of the Trust Indenture Act, if applicable.

          (c) A copy of each such report shall, at the time of such transmission
     to the Holders, be filed by the Trust Preferred Guarantee Trustee with the
     Company, with each stock exchange or applicable self-regulatory
     organization upon which any Trust Preferred Securities are listed (if so
     listed) and also with the Securities and Exchange Commission. The Company
     agrees to notify the Trust Preferred Guarantee Trustee when any Trust
     Preferred Securities become listed on any stock exchange or other
     applicable self-regulatory organization.

     Section 2.4 Reports to Trust Preferred Guarantee Trustee.

     If applicable, the Guarantor shall provide to the Trust Preferred Guarantee
Trustee such documents, reports and information as required by Section 314 (if
any) and the compliance certificate required by Section 314 of the Trust
Indenture Act in the form, in the manner and at the times required by Section
314 of the Trust Indenture Act.

     Section 2.5 Evidence of Compliance with Conditions Precedent.

     If applicable, the Guarantor shall provide to the Trust Preferred Guarantee
Trustee such evidence of compliance with any conditions precedent provided for
in this Trust Preferred Securities Guarantee 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 may be given in the form of an Officers' Certificate.

     Section 2.6 Event of Default; Waiver.

     The Holders of a Majority in Liquidation Amount of Trust Preferred
Securities may, by vote, on behalf of the Holders of all of the Trust Preferred
Securities, waive any past Event of Default and its consequences. Upon such
waiver, any such Event of Default shall cease to exist, and any Event of Default
arising therefrom shall be deemed to have been cured, for every purpose of this
Trust Preferred Securities Guarantee, but no such waiver shall extend to any
subsequent or other default or Event of Default or impair any right consequent
thereon.

     Section 2.7 Event of Default; Notice.

     The Trust Preferred Guarantee Trustee shall, within ninety (90) days after
the occurrence of an Event of Default, transmit by mail, first class postage
prepaid, to the Holders of the Trust Preferred Securities, notices of all Events
of Default actually known to a Responsible Officer of the Trust Preferred
Guarantee Trustee, unless such defaults have been cured before the giving of
such notice; provided, that, except in the case of a default by Guarantor on any
of its payment obligations, the Trust Preferred Guarantee Trustee shall be
protected in withholding such notice if and so long as the board of directors,
the executive committee or a trust committee of the directors and/or Responsible
Officers of the Trust Preferred Guarantee Trustee in good faith determines that
the withholding of such notice is in the interests of the Holders of the Trust
Preferred Securities.

                                      -6-

<PAGE>

     The Trust Preferred Guarantee Trustee shall not be deemed to have knowledge
of any Event of Default unless the Trust Preferred Guarantee Trustee shall have
received written notice of such Event of Default, or a Responsible Officer of
the Trust Preferred Guarantee Trustee charged with the administration of the
Trust Agreement shall have obtained actual knowledge of such Event of Default.

     Section 2.8 Conflicting Interests.

     The Trust Agreement shall be deemed to be specifically described in this
Trust Preferred Securities Guarantee for the purposes of clause (i) of the first
proviso contained in Section 310(b) of the Trust Indenture Act, if applicable.

                                  ARTICLE III

         POWERS, DUTIES AND RIGHTS OF TRUST PREFERRED GUARANTEE TRUSTEE

     Section 3.1 Powers and Duties of the Trust Preferred Guarantee Trustee.

          (a) This Trust Preferred Securities Guarantee shall be held by the
     Trust Preferred Guarantee Trustee for the benefit of the Holders of the
     Trust Preferred Securities, and the Trust Preferred Guarantee Trustee shall
     not transfer this Trust Preferred Securities Guarantee to any Person except
     a Holder of Trust Preferred Securities exercising his or her rights
     pursuant to Section 5.4(b) hereof or to a Successor Trust Preferred
     Guarantee Trustee on acceptance by such Successor Trust Preferred Guarantee
     Trustee of its appointment to act as Successor Trust Preferred Guarantee
     Trustee. The right, title and interest of the Trust Preferred Guarantee
     Trustee shall automatically vest in any Successor Trust Preferred Guarantee
     Trustee, and such vesting and cessation of title shall be effective whether
     or not conveyancing documents have been executed and delivered pursuant to
     the appointment of such Successor Trust Preferred Guarantee Trustee.

          (b) If an Event of Default actually known to a Responsible Officer of
     the Trust Preferred Guarantee Trustee has occurred and is continuing, the
     Trust Preferred Guarantee Trustee shall enforce this Trust Preferred
     Securities Guarantee for the benefit of the Holders of the Trust Preferred
     Securities.

          (c) The Trust Preferred Guarantee 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 Trust Preferred Securities Guarantee. In
     case an Event of Default has occurred (that has not been cured or waived
     pursuant to Section 2.6 hereof) and is actually known to a Responsible
     Officer of the Trust Preferred Guarantee Trustee, the Trust Preferred
     Guarantee Trustee shall exercise such of the rights and powers vested in it
     by this Trust Preferred Securities Guarantee, 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. No
     implied covenants shall be read into the Trust Preferred Securities
     Guarantee against the Trust Preferred Guarantee Trustee.

                                      -7-

<PAGE>

          (d) No provision of this Trust Preferred Securities Guarantee shall be
     construed to relieve the Trust Preferred Guarantee 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 Trust Preferred Guarantee
                    Trustee shall be determined solely by the express provisions
                    of this Trust Preferred Securities Guarantee, and the Trust
                    Preferred Guarantee Trustee shall not be liable except for
                    the performance of such duties and obligations as are
                    specifically set forth in this Trust Preferred Securities
                    Guarantee, and no implied covenants or obligations shall be
                    read into this Trust Preferred Securities Guarantee against
                    the Trust Preferred Guarantee Trustee; and

               (B)  in the absence of bad faith on the part of the Trust
                    Preferred Guarantee Trustee, the Trust Preferred Guarantee
                    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
                    Trust Preferred Guarantee Trustee and conforming to the
                    requirements of this Trust Preferred Securities Guarantee;
                    but in the case of any such certificates or opinions that by
                    any provision hereof are specifically required to be
                    furnished to the Trust Preferred Guarantee Trustee, the
                    Trust Preferred Guarantee Trustee shall be under a duty to
                    examine the same to determine in good faith whether or not
                    they conform to the requirements of this Trust Preferred
                    Securities Guarantee;

          (ii) the Trust Preferred Guarantee Trustee shall not be liable for any
               error of judgment made in good faith by a Responsible Officer of
               the Trust Preferred Guarantee Trustee, unless it shall be proved
               that the Trust Preferred Guarantee Trustee was negligent in
               ascertaining the pertinent facts upon which such judgment was
               made;

          (iii) the Trust Preferred Guarantee Trustee shall not be liable with
               respect to any action taken or omitted to be taken by it in good
               faith in accordance with the direction of the Holders of not less
               than a Majority in Liquidation Amount of the Trust Preferred
               Securities relating to the time, method and place of conducting
               any proceeding for any remedy available to the Trust Preferred
               Guarantee Trustee, or exercising any trust or power conferred
               upon the Trust Preferred Guarantee Trustee under this Trust
               Preferred Securities Guarantee; and

          (iv) no provision of this Trust Preferred Securities Guarantee shall
               require the Trust Preferred Guarantee Trustee to expend or risk
               its own funds or

                                      -8-

<PAGE>

               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 Trust Preferred Guarantee 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 Trust Preferred Securities Guarantee or indemnity,
               reasonably satisfactory to the Trust Preferred Guarantee Trustee,
               against such risk or liability is not reasonably assured to it.

     Section 3.2 Certain Rights of Trust Preferred Guarantee Trustee.

          (a)  Subject to the provisions of Section 3.1(d) hereof:

          (i)  The Trust Preferred Guarantee Trustee may conclusively rely, and
               shall be fully protected in acting or refraining from acting
               upon, any resolution, certificate, statement, instrument,
               opinion, report, notice, request, direction, consent, order,
               bond, debenture, note, other evidence of indebtedness or other
               paper or document reasonably believed by it to be genuine and to
               have been signed, sent or presented by the proper party or
               parties.

          (ii) Any direction or act of the Guarantor contemplated by this Trust
               Preferred Securities Guarantee shall be sufficiently evidenced by
               an Officers' Certificate.

          (iii) Whenever, in the administration of this Trust Preferred
               Securities Guarantee, the Trust Preferred Guarantee Trustee shall
               deem it desirable that a matter be proved or established before
               taking, suffering or omitting any action hereunder, the Trust
               Preferred Guarantee Trustee (unless other evidence is herein
               specifically prescribed) may, in the absence of bad faith on its
               part, request and conclusively rely upon an Officers' Certificate
               which, upon receipt of such request, shall be promptly delivered
               by the Guarantor.

          (iv) The Trust Preferred Guarantee Trustee shall have no duty to see
               to any recording, filing or registration of any instrument (or
               any rerecording, refiling or reregistration thereof).

          (v)  The Trust Preferred Guarantee Trustee may consult with counsel,
               and the written advice or opinion of such counsel with respect to
               legal matters shall be full and complete authorization and
               protection in respect of any action taken, suffered or omitted by
               it hereunder in good faith and in accordance with such advice or
               opinion. Such counsel may be counsel to the Guarantor or any of
               its Affiliates and may include any of its employees. The Trust
               Preferred Guarantee Trustee shall have the right at any time to
               seek instructions concerning the administration of this Trust
               Preferred Securities Guarantee from any court of competent
               jurisdiction.

                                      -9-

<PAGE>

          (vi) The Trust Preferred Guarantee Trustee shall be under no
               obligation to exercise any of the rights or powers vested in it
               by this Trust Preferred Securities Guarantee at the request or
               direction of any Holder, unless such Holder shall have provided
               to the Trust Preferred Guarantee Trustee such security and
               indemnity, reasonably satisfactory to the Trust Preferred
               Guarantee Trustee, against the costs, expenses (including
               reasonable attorneys' fees and expenses and the expenses of the
               Trust Preferred Guarantee Trustee's agents, nominees or
               custodians) and liabilities that might be incurred by it in
               complying with such request or direction, including such
               reasonable advances as may be requested by the Trust Preferred
               Guarantee Trustee; provided that, nothing contained in this
               Section 3.2(a)(vi) shall be taken to relieve the Trust Preferred
               Guarantee Trustee, upon the occurrence and during the continuance
               of an Event of Default, of which the Trust Preferred Guarantee
               has actual knowledge, of its obligation to exercise the rights
               and powers vested in it by this Trust Preferred Securities
               Guarantee.

          (vii) The Trust Preferred Guarantee 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 Trust Preferred Guarantee Trustee, in its discretion, may
               make such further inquiry or investigation into such facts or
               matters as it may see fit.

          (viii) The Trust Preferred Guarantee Trustee may execute any of the
               trusts or powers hereunder or perform any duties hereunder either
               directly or by or through agents, nominees, custodians or
               attorneys, and the Trust Preferred Guarantee Trustee shall not be
               responsible for any misconduct or negligence on the part of any
               agent or attorney appointed with due care by it hereunder.

          (ix) Any action taken by the Trust Preferred Guarantee Trustee or its
               agents hereunder shall bind the Holders of the Trust Preferred
               Securities, and the signature of the Trust Preferred Guarantee
               Trustee or its agents alone shall be sufficient and effective to
               perform any such action. No third party shall be required to
               inquire as to the authority of the Trust Preferred Guarantee
               Trustee to so act or as to its compliance with any of the terms
               and provisions of this Trust Preferred Securities Guarantee, both
               of which shall be conclusively evidenced by the Trust Preferred
               Guarantee Trustee's or its agent's taking such action.

          (x)  Whenever in the administration of this Trust Preferred Securities
               Guarantee the Trust Preferred Guarantee Trustee shall deem it
               desirable to receive instructions with respect to enforcing any
               remedy or right or taking any other action hereunder, the Trust
               Preferred Guarantee Trustee (i) may request instructions from the
               Holders of a Majority in Liquidation

                                      -10-

<PAGE>

               Amount of the Trust Preferred Securities, (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
               conclusively relying on or acting in good faith in accordance
               with such instructions.

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

     Section 3.3 Not Responsible for Recitals or Issuance of Guarantee.

     The recitals contained in this Guarantee shall be taken as the statements
of the Guarantor, and the Trust Preferred Guarantee Trustee does not assume any
responsibility for their correctness. The Trust Preferred Guarantee Trustee
makes no representation as to the validity or sufficiency of this Trust
Preferred Securities Guarantee.

                                   ARTICLE IV

                        TRUST PREFERRED GUARANTEE TRUSTEE

     Section 4.1 Trust Preferred Guarantee Trustee; Eligibility.

          (a) There shall at all times be a Trust Preferred Guarantee Trustee
     which shall:

          (i)  not be an Affiliate of the Guarantor; and

          (ii) be an entity organized and doing business under the laws of the
               United States of America or any State or Territory thereof or of
               the District of Columbia, or a Person permitted by the Securities
               and Exchange Commission to act as a resident trustee under the
               Trust Indenture Act, authorized under such laws to exercise
               corporate trust powers, having a combined capital and surplus of
               at least $50,000,000, and subject to supervision or examination
               by applicable federal, state, territorial or District of Columbia
               authority. If such Person publishes reports of condition at least
               annually, pursuant to law or to the requirements of its
               supervising or examining authority referred to above, then, for
               the purposes of this Section 4.1(a)(ii), 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.

                                      -11-

<PAGE>

          (b) If at any time the Trust Preferred Guarantee Trustee shall cease
     to be eligible to so act under Section 4.1(a), the Trust Preferred
     Guarantee Trustee shall immediately resign in the manner and with the
     effect set out in Section 4.2(c).

          (c) If the Trust Preferred Guarantee Trustee has or shall acquire any
     "conflicting interest" within the meaning of Section 310(b) of the Trust
     Indenture Act and the provisions of the Trust Indenture Act are then
     applicable, the Trust Preferred Guarantee Trustee and Guarantor shall in
     all respects comply with the provisions of Section 310(b) of the Trust
     Indenture Act.

     Section 4.2 Appointment, Removal and Resignation of Trust Preferred
Guarantee Trustees.

          (a) Subject to Section 4.2(b), the Trust Preferred Guarantee Trustee
     may be appointed or removed without cause at any time by the Guarantor.

          (b) The Trust Preferred Guarantee Trustee shall not be removed in
     accordance with Section 4.2(a) until a Successor Trust Preferred Guarantee
     Trustee has been appointed and has accepted such appointment by written
     instrument executed by such Successor Trust Preferred Guarantee Trustee and
     delivered to the Guarantor and the Trust Preferred Guarantee Trustee.

          (c) The Trust Preferred Guarantee Trustee appointed to office shall
     hold office until a Successor Trust Preferred Guarantee Trustee shall have
     been appointed or until its removal or resignation. The Trust Preferred
     Guarantee Trustee may at any time resign from office (without need for
     prior or subsequent accounting) by an instrument in writing executed by the
     Trust Preferred Guarantee Trustee and delivered to the Guarantor, which
     resignation shall not take effect until a Successor Trust Preferred
     Guarantee Trustee has been appointed and has accepted such appointment by
     instrument in writing executed by such Successor Trust Preferred Guarantee
     Trustee and delivered to the Guarantor and the resigning Trust Preferred
     Guarantee Trustee.

          (d) If no Successor Trust Preferred Guarantee Trustee shall have been
     appointed and accepted appointment as provided in this Section 4.2 within
     60 days after delivery to the Guarantor of an instrument of resignation,
     the resigning Trust Preferred Guarantee Trustee may petition any court of
     competent jurisdiction for appointment of a Successor Trust Preferred
     Guarantee Trustee. Such court may thereupon, after prescribing such notice,
     if any, as it may deem proper, appoint a Successor Trust Preferred
     Guarantee Trustee.

          (e) No Trust Preferred Guarantee Trustee shall be liable for the acts
     or omissions to act of any Successor Trust Preferred Guarantee Trustee.

          (f) Upon termination of this Trust Preferred Securities Guarantee or
     removal or resignation of the Trust Preferred Guarantee Trustee pursuant to
     this Section 4.2, the Guarantor shall pay to the Trust Preferred Guarantee
     Trustee all documented fees and expenses accrued to the date of such
     termination, removal or resignation.

                                      -12-

<PAGE>

                                    ARTICLE V

                                    GUARANTEE

     Section 5.1 Guarantee.

     The Guarantor irrevocably and unconditionally agrees to cause the Trust to
pay in full to the Holders the Guarantee Payments to the extent the Trust has
funds legally available therefor (without duplication of amounts theretofore
paid by the Trust), as and when due, regardless of any defense, right of set-off
or counterclaim that the Trust may have or assert.

     Section 5.2 Waiver of Notice and Demand.

     The Guarantor hereby waives notice of acceptance of this Trust Preferred
Securities Guarantee and of any liability to which it applies or may apply,
presentment, demand for payment, any right to require a proceeding first against
the Trust or any other Person before proceeding against the Guarantor, protest,
notice of nonpayment, notice of dishonor, notice of redemption and all other
notices and demands.

     Section 5.3 Obligations not Affected.

     The obligations, covenants, agreements and duties of the Guarantor under
this Trust Preferred Securities Guarantee shall in no way be affected or
impaired by reason of the happening from time to time of any of the following:

          (a) the release or waiver, by operation of law or otherwise, of the
     performance or observance by the Trust of any express or implied agreement,
     covenant, term or condition relating to the Trust Preferred Securities to
     be performed or observed by the Trust;

          (b) the extension of time for the payment by the Trust of all or any
     portion of the Distributions, Redemption Price, Liquidation Distribution or
     any other sums payable under the terms of the Trust Preferred Securities or
     the extension of time for the performance of any other obligation under,
     arising out of, or in connection with, the Trust Preferred Securities
     (other than an extension of time for payment of Distributions, Redemption
     Price, Liquidation Distribution or other sum payable that results from the
     extension of any interest payment period on the Debentures permitted by the
     Indenture);

          (c) any failure, omission, delay or lack of diligence on the part of
     the Holders to enforce, assert or exercise any right, privilege, power or
     remedy conferred on the Holders pursuant to the terms of the Trust
     Preferred Securities, or any action on the part of the Trust granting
     indulgence or extension of any kind;

          (d) the voluntary or involuntary liquidation, dissolution, sale of any
     collateral, receivership, insolvency, bankruptcy, assignment for the
     benefit of creditors, reorganization, arrangement, composition or
     readjustment of debt of, or other similar proceedings affecting, the Trust
     or any of the assets of the Trust;

                                      -13-

<PAGE>

          (e) any invalidity of, or defect or deficiency in, the Trust Preferred
     Securities;

          (f) any failure or omission to receive any regulatory approval or
     consent required in connection with the Trust Preferred Securities (or the
     common equity securities issued by the Trust), including the failure to
     receive any approval of the Board of Governors of the Federal Reserve
     System required for the redemption of the Trust Preferred Securities;

          (g) the settlement or compromise of any obligation guaranteed hereby
     or hereby incurred; or

          (h) any other circumstance whatsoever that might otherwise constitute
     a legal or equitable discharge or defense of a guarantor, it being the
     intent of this Section 5.3 that the obligations of the Guarantor hereunder
     shall be absolute and unconditional under any and all circumstances.

     There shall be no obligation of the Holders to give notice to, or obtain
consent of, the Guarantor with respect to the happening of any of the foregoing.

     Section 5.4 Rights of Holders.

          (a) Subject to Section 5.4(b), the Holders of a Majority in
     Liquidation Amount of the Trust Preferred Securities have the right to
     direct the time, method and place of conducting of any proceeding for any
     remedy available to the Trust Preferred Guarantee Trustee in respect of
     this Trust Preferred Securities Guarantee or exercising any trust or power
     conferred upon the Trust Preferred Guarantee Trustee under this Trust
     Preferred Securities Guarantee.

          (b) Any Holder of Trust Preferred Securities may institute and
     prosecute a legal proceeding directly against the Guarantor to enforce its
     rights under this Trust Preferred Securities Guarantee, without first
     instituting and prosecuting a legal proceeding against the Trust, the Trust
     Preferred Guarantee Trustee or any other Person.

     Section 5.5 Guarantee of Payment.

     This Trust Preferred Securities Guarantee creates a guarantee of payment
and not of collection.

     Section 5.6 Subrogation.

     The Guarantor shall be subrogated to all (if any) rights of the Holders
against the Trust in respect of any amounts paid to such Holders by the
Guarantor under this Trust Preferred Securities Guarantee; provided, however,
that the Guarantor shall not (except to the extent required by mandatory
provisions of law) be entitled to enforce or exercise any right that it may
acquire by way of subrogation or any indemnity, reimbursement or other
agreement, in all cases as a result of payment under this Trust Preferred
Securities Guarantee, if, at the time of any such payment, any amounts are due
and unpaid under this Trust Preferred Securities Guarantee. If any

                                      -14-

<PAGE>

amount shall be paid to the Guarantor in violation of the preceding sentence,
the Guarantor agrees to hold such amount in trust for the Holders and to pay
over such amount to the Holders.

     Section 5.7 Independent Obligations.

     The Guarantor acknowledges that its obligations hereunder are independent
of the obligations of the Trust with respect to the Trust Preferred Securities,
and that the Guarantor shall be liable as principal and as debtor hereunder to
make Guarantee Payments pursuant to the terms of this Trust Preferred Securities
Guarantee notwithstanding the occurrence of any event referred to in subsections
(a) through (h), inclusive, of Section 5.3 hereof.

                                   ARTICLE VI

                    LIMITATION OF TRANSACTIONS; SUBORDINATION

     Section 6.1 Limitation of Transactions.

     So long as any of the Trust Preferred Securities remain outstanding, if
there shall have occurred an Event of Default under this Trust Preferred
Securities Guarantee, an event of default under the Indenture, an event of
default under the Trust Agreement or during an Extended Interest Payment Period
(as defined in the Indenture), then

          (a) the Guarantor shall not, and will not permit any Subsidiary to,
     declare or pay any dividends on, make any distributions with respect to, or
     redeem, purchase, acquire or make a liquidation payment with respect to,
     any of its capital stock (other than (1) dividends or distributions in
     shares of, or options, warrants or rights to subscribe for or purchase
     shares of, common stock of the Guarantor or such Subsidiary, (2) any
     declaration of a dividend in connection with the implementation of a
     shareholder's rights plan, or the issuance of stock under any such plan in
     the future, or the redemption or repurchase of any such rights pursuant
     thereto, (3) purchases of common stock of the Guarantor related to the
     issuance of such common stock under any of the Guarantor's employee benefit
     plans for its directors, officers or employees, (4) as a result of a
     reclassification of any class or series of the Guarantor's capital stock
     solely into another class or series of the Guarantor's capital stock, or
     (5) declarations or payments of dividends or distributions payable by a
     Subsidiary of the Guarantor to the Guarantor or any of its Subsidiaries);

          (b) the Guarantor shall not, and will not permit any Subsidiary to,
     make any payment of interest, principal or premium, if any, or repay,
     repurchase or redeem any debt securities issued by the Guarantor which rank
     pari passu with or junior to the Debentures;

          (c) the Guarantor shall not make any guarantee payments with respect
     to any guarantee by the Guarantor of the debt securities of any Subsidiary
     of the Guarantor if such guarantee ranks pari passu with or junior in
     interest to the Debentures; provided, however, that the Guarantor may make
     payments pursuant to its obligations under the Trust Preferred Securities
     Guarantee; and

                                      -15-

<PAGE>

          (d) the Guarantor shall not redeem, purchase or acquire less than all
     of the Outstanding (as defined in the Indenture) Debentures or any of the
     Trust Preferred Securities.

     Section 6.2 Ranking.

     This Trust Preferred Securities Guarantee will constitute an unsecured
obligation of the Guarantor and will rank subordinate and junior in right of
payment to all Senior Debt, Subordinated Debt and Additional Senior Obligations,
each as defined in the Indenture, of the Guarantor, to the extent and in the
manner set forth in the Indenture, and the applicable provisions of the
Indenture will apply, in all relevant respects, to the obligations of the
Guarantor hereunder.

                                   ARTICLE VII

                                   TERMINATION

     Section 7.1 Termination.

     This Trust Preferred Securities Guarantee shall terminate (a) upon full
payment of the Redemption Price of all Trust Preferred Securities, (b) upon full
payment of the amounts payable in accordance with the Trust Agreement upon
dissolution and liquidation of the Trust, or (c) upon distribution of the
Debentures to the Holders of the Trust Preferred Securities. Notwithstanding the
foregoing, this Trust Preferred Securities Guarantee shall continue to be
effective or shall be reinstated, as the case may be, if at any time any Holder
of Trust Preferred Securities must restore payment of any sums paid under the
Trust Preferred Securities or under this Trust Preferred Securities Guarantee.

                                  ARTICLE VIII

                                 INDEMNIFICATION

     Section 8.1 Exculpation.

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

          (b) An Indemnified Person shall be fully protected in relying in good
     faith upon the records of the Guarantor and upon such information,
     opinions, reports or statements presented to the Guarantor or the
     Indemnified Person by any Person as to matters the Indemnified Person
     reasonably believes are within such other Person's

                                      -16-

<PAGE>

     professional or expert competence and who the Indemnified Person reasonably
     believes has been selected with reasonable care by or on behalf of the
     Guarantor, including information, opinions, reports or statements as to the
     value and amount of the assets, liabilities, profits, losses, or any other
     facts pertinent to the existence and amount of assets from which
     Distributions to Holders of Trust Preferred Securities might properly be
     paid.

     Section 8.2 Indemnification.

     The Guarantor agrees to indemnify each Indemnified Person for, and to hold
each Indemnified Person harmless against, any loss, liability or expense
incurred without negligence or willful misconduct on its part, arising out of or
in connection with this Trust Preferred Securities Guarantee and the acceptance
or administration of the trust or trusts hereunder, including the costs and
expenses (including reasonable legal fees and expenses) of defending itself
against, or investigating, any claim or liability in connection with the
exercise or performance of any of its powers or duties hereunder, except as may
be otherwise prohibited by applicable law or regulation. The obligation to
indemnify as set forth in this Section 8.2 shall survive the termination of this
Trust Preferred Securities Guarantee.

                                   ARTICLE IX

                                  MISCELLANEOUS

     Section 9.1 Successors and Assigns.

     All guarantees and agreements contained in this Trust Preferred Securities
Guarantee shall bind the successors, assigns, receivers, trustees and
representatives of the Guarantor and shall inure to the benefit of the Holders
of the Trust Preferred Securities then outstanding.

     Section 9.2 Amendments.

     Except with respect to any changes that do not materially adversely affect
the rights of Holders (in which case no consent of Holders will be required),
this Trust Preferred Securities Guarantee may only be amended by the Guarantor
with the prior approval of the Holders of at least a Majority in Liquidation
Amount of the Trust Preferred Securities. The provisions of Article VI of the
Trust Agreement with respect to meetings of Holders apply to the giving of such
approval. Prior to the execution of any amendment to this Trust Preferred
Securities Guarantee, the Trust Preferred Guarantee Trustee shall be entitled to
receive and conclusively rely on an Opinion of Counsel stating that the
execution of such amendment is authorized or permitted by this Trust Preferred
Securities Guarantee and that all conditions precedent to such execution and
delivery have been satisfied. The Trust Preferred Guarantee Trustee may, but
shall not be obligated to, enter into any such amendment which affects the Trust
Preferred Guarantee Trustee's rights, duties or immunities under this Trust
Preferred Securities Guarantee, provided, however, that no such amendment shall
be effective without the consent of the Trust Preferred Guarantee Trustee.

                                      -17-

<PAGE>

     Section 9.3 Notices.

     All notices provided for in this Trust Preferred Securities Guarantee shall
be in writing, duly signed by the party giving such notice, and shall be
delivered, telecopied or mailed by registered or certified mail, as follows:

          (a) If given to the Trust Preferred Guarantee Trustee, at the Trust
     Preferred Guarantee Trustee's mailing address set forth below (or such
     other address as the Trust Preferred Guarantee Trustee may give notice of
     to the Holders of the Trust Preferred Securities and the Guarantor):

                           Wells Fargo Bank, National Association

                           919 Market Street, Suite 700

                           Wilmington, Delaware 19801

                           Attention:  Corporate Trust Administration

          (b) If given to the Guarantor, at the Guarantor's mailing address set
     forth below (or such other address as the Guarantor may give notice of to
     the Holders of the Trust Preferred Securities and the Trust Preferred
     Guarantee Trustee):

                           Enterprise Financial Services Corp.

                           1281 N. Warson Road

                           St. Louis, MO 63132

                           Attention: Chief Executive Officer

          (c) If given to any Holder of Trust Preferred Securities, at the
     address set forth on the books and records of the Trust. All such notices
     shall be deemed to have been given when received in person, telecopied with
     receipt confirmed, or mailed by first class mail, postage prepaid except
     that if a notice or other document is refused delivery or cannot be
     delivered because of a changed address of which no notice was given, such
     notice or other document shall be deemed to have been delivered on the date
     of such refusal or inability to deliver.

     Section 9.4 Benefit.

     This Trust Preferred Securities Guarantee is solely for the benefit of the
Holders of the Trust Preferred Securities and the Trust Preferred Guarantee
Trustee and, subject to Section 3.1(a) and Section 4.2 hereof, as applicable is
not separately transferable from the Trust Preferred Securities.

     Section 9.5 Governing Law.

     THIS TRUST PREFERRED SECURITIES GUARANTEE SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF Delaware
WITHOUT REGARD TO ITS CHOICE OF LAW PROVISIONS.

                                      -18-

<PAGE>

ANY ACTION OR PROCEEDING ARISING OUT OF THIS GUARANTEE, AS SUPPLEMENTED OR
AMENDED, IN ANY WAY SHALL BE BROUGHT AND ENFORCED EXCLUSIVELY IN THE APPLICABLE
UNITED STATES DISTRICT COURT FOR THE STATE OF Delaware, OR IN THE EVENT SUCH
COURT LACKS JURISDICTION, IN THE APPLICABLE Delaware STATE DISTRICT COURT.

                  [Remainder of Page Intentionally Left Blank]

                                      -19-

<PAGE>

     IN WITNESS WHEREOF, this Trust Preferred Securities Guarantee is dated as
set forth below and effective as of June 27, 2002.

                                      Enterprise Financial Services Corp., as
                                      Guarantor

                                      By:
                                            ------------------------------------
                                      Name:
                                            ------------------------------------
                                      Title:
                                            ------------------------------------
                                      Date:
                                            ------------------------------------

                                      Wells Fargo Bank, National Association, a
                                      Trust Preferred Guarantee Trustee

                                      By:
                                            ------------------------------------
                                      Name:
                                            ------------------------------------
                                      Title:
                                            ------------------------------------
                                      Date:
                                            ------------------------------------

       [Signature Page to Trust Preferred Securities Guarantee Agreement]

                                            -20-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}]]