Document:

Exhibit 4.1

 

SIXTH SUPPLEMENTAL
INDENTURE

 

Dated as of October
6, 2020

 

Among

 

TD AMERITRADE HOLDING
CORPORATION,

As Issuer

 

and

 

U.S. BANK NATIONAL
ASSOCIATION,

As Trustee

 

 

 

3.750% Senior Notes
Due 2024

 

3.625% Senior Notes
Due 2025

 

3.300%
Senior Notes Due 2027

 

2.750% Senior Notes
Due 2029

 

 

 

     

     

    

 

THIS SIXTH SUPPLEMENTAL
INDENTURE (the “Sixth Supplemental Indenture”), dated as of October 6, 2020, is among TD AMERITRADE HOLDING
CORPORATION, a Delaware corporation (the “Company”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association
duly incorporated and existing under the laws of the United States of America (the “Trustee”).

 

W I T N E S S E
T H:

 

WHEREAS, the Company
and the Trustee have heretofore executed and delivered an Indenture, dated as of October 22, 2014 (as supplemented by the
Supplemental Indentures (as defined below) and by the Second Supplemental Indenture, dated as of March 9, 2015, the “Base
Indenture”), providing for the issuance from time to time of one or more series of the Company’s Securities;

 

WHEREAS, the Company and the Trustee have
entered into the First Supplemental Indenture dated October 22, 2014 (the “First Supplemental Indenture”) which
established and provided for the issuance of the 3.625% Senior Notes due 2025 (the “2025 Notes”);

 

WHEREAS, the Company and the Trustee have
entered into the Third Supplemental Indenture dated April 27, 2017 (the “Third Supplemental Indenture”) which
established and provided for the issuance of the 3.300% Senior Notes due 2027 (the “2027 Notes”);

 

WHEREAS, the Company and the Trustee have
entered into the Fourth Supplemental Indenture dated November 1, 2018 (the “Fourth Supplemental Indenture”)
which established and provided for the issuance of the Senior Floating Rate Notes due 2021 and the 3.750% Senior Notes due 2024
(the “2024 Notes”);

 

WHEREAS, the Company and the Trustee have
entered into the Fifth Supplemental Indenture dated August 16, 2019 (the “Fifth Supplemental Indenture” and,
collectively with the First Supplemental Indenture, the Third Supplemental Indenture, and the Fourth Supplemental Indenture, the
 “Supplemental Indentures”) which established and provided for the issuance of the 2.750% Senior Notes due 2029
(the “2029 Notes” and, collectively with the 2025 Notes, 2027 Notes and the 2024 Notes, the “Notes”);

 

WHEREAS, the Company wishes to amend Section
3.01(a) of the Supplemental Indentures with respect to the Notes to surrender the Company’s right that would otherwise apply
under such section to redeem the Notes before April 6, 2021;

 

WHEREAS, Section 9.01(ix) of the Base Indenture
provides that the Company and the Trustee may amend the Base Indenture or the Securities of any series without notice to or the
consent of any Holder to make any other provisions with respect to matters arising under the Base Indenture; provided that, such
action shall not adversely affect the interests of the holders of outstanding Securities of any series in any material respect;

 

WHEREAS, Section 5.04 of each of the Supplemental
Indentures provides that such Supplemental Indenture may be amended in accordance with Section 9.01 of the Base Indenture;

 

WHEREAS, the Company has requested that
the Trustee execute and deliver this Sixth Supplemental Indenture; and

 

    2

     

    

 

WHEREAS, all acts
and things necessary to make this Sixth Supplemental Indenture, when duly executed and delivered, a valid, binding and legal instrument
in accordance with its terms and for the purposes herein expressed, have been done and performed; and the execution and delivery
of this Sixth Supplemental Indenture have been in all respects duly authorized.

 

NOW, THEREFORE,
the Company and the Trustee agree as follows:

 

ARTICLE
I

 

CERTAIN AMENDMENTS

 

The Notes are hereby amended as follows:

 

1.01 Form of Notes.
The Forms of Notes for the 2025 Notes, the 2027 Notes, the 2024 Notes, and the 2029 Notes, attached as Exhibit A to the applicable
Supplemental Indenture, shall be amended as follows: 

 

(a) Subparagraph (a) in Section 5 (Optional
Redemption) of Exhibit A to the First Supplemental Indenture is hereby amended by inserting “On or after April 6, 2021 and”
so that the beginning of the subparagraph reads “On or after April 6, 2021 and prior to January 1, 2025...”

 

(b) Subparagraph (a) in Section 5 (Optional
Redemption) of Exhibit A to the Third Supplemental Indenture is hereby amended by inserting “On or after April 6, 2021 and”
so that the beginning of the subparagraph reads “On or after April 6, 2021 and prior to January 1, 2027...”

 

(c) Subparagraph (a) in Section 5 (Optional
Redemption) of Exhibit A to the Fourth Supplemental Indenture is hereby amended by inserting “On or after April 6, 2021 and”
so that the beginning of the subparagraph reads “On or after April 6, 2021 and prior to March 2, 2024...”

 

(d) Subparagraph (a) in Section 5 (Optional
Redemption) of Exhibit A to the Fifth Supplemental Indenture is hereby amended by inserting “On or after April 6, 2021 and”
so that the beginning of the subparagraph reads “On or after April 6, 2021 and prior to July 1, 2029...”

 

1.02 Optional Redemption.

 

(a)
Subparagraph (a) in Section 3.01 of the First Supplemental Indenture with regard to the 2025 Notes is hereby amended by inserting
 “On or after April 6, 2021 and” so that the beginning of the subparagraph reads “On or after April 6, 2021 and
prior to January 1, 2025...” 

 

(b) Subparagraph (a) in Section 3.01 of
the Third Supplemental Indenture with regard to the 2027 Notes is hereby amended by inserting “On or after April 6, 2021
and” so that the beginning of the subparagraph reads “On or after April 6, 2021 and prior to January 1, 2027...”

 

(c) Subparagraph (a) in Section 3.01 of
the Fourth Supplemental Indenture with regard to the 2024 Notes is hereby amended by inserting “On or after April 6, 2021
and” so that the beginning of the subparagraph reads “On or after April 6, 2021 and prior to March 2, 2024...”

 

(d) Subparagraph (a) in Section 3.01 of
the Fifth Supplemental Indenture with regard to the 2029 Notes is hereby amended by inserting “On or after April 6, 2021
and” so that the beginning of the subparagraph reads “On or after April 6, 2021 and prior to July 1, 2029...”

 

    3

     

    

 

ARTICLE
II

 

MISCELLANEOUS

 

2.01    The
Base Indenture, as amended and supplemented by this Sixth Supplemental Indenture, is in all respects hereby adopted, ratified and
confirmed.

 

2.02    This
Sixth Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts
shall together constitute but one and the same instrument.

 

2.03    THIS
SIXTH SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND DEEMED TO BE A CONTRACT MADE UNDER, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF.

 

2.04       In
case any provision in this Sixth Supplemental Indenture or any series of the Notes 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.

 

2.05    The
recitals contained herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their
correctness. The Trustee makes no representations as to the validity or sufficiency of this Sixth Supplemental Indenture. 

 

Capitalized
terms used herein but not defined herein shall have the meanings assigned to them in the Base Indenture.

 

[Signature Page
follows]

 

    4

     

    

 

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

 

	 	TD
    AMERITRADE HOLDING CORPORATION, as Issuer
	 	 
	 	By:	/s/
    William T. Yates
	 	Name:
    William T. Yates
	 	Title:
    Treasurer
	 	 
	 	U.S.
    BANK NATIONAL ASSOCIATION, as Trustee
	 	 
	 	By:	/s/
    Michael McGuire
	 	Name:
    Michael McGuire
	 	Title:
    Vice President 

 

    5Exhibit 10.1

 

CONSENT, AGREEMENT AND JOINDER TO AMENDED
AND RESTATED IDA AGREEMENT

 

This CONSENT, AGREEMENT AND JOINDER (this
 “Consent, Agreement and Joinder”), dated as of October 6, 2020, is undertaken by TD Ameritrade, Inc.
(“TDA”), TD Ameritrade Clearing, Inc. (“TDA Clearing”), TD Ameritrade Trust Company
(together with TDA Clearing, the “TDA Broker-Dealers”) and Charles Schwab & Co., Inc. (“CS&Co.”
and together with the TDA Broker-Dealers, the “Broker-Dealers”).

 

WHEREAS, The Charles Schwab Corporation
(“Schwab”) is party to the Agreement and Plan of Merger, dated November 24, 2019 (as amended, the “Merger
Agreement”), by and among Schwab, Americano Acquisition Corp. (“Merger Sub”) and TD Ameritrade Holding
Corporation;

 

WHEREAS, TD Bank USA, National Association,
a national bank with its main office in the State of Delaware (“TD Bank USA”), TD Bank, National Association,
a national bank with its main office in the State of Delaware (“TD Bank,” and together with TD Bank USA, the
 “Depository Institutions”) and Schwab have entered into an Amended and Restated Insured Deposit Account Agreement,
dated as of November 24, 2019 (the “Amended and Restated IDA Agreement”);

 

NOW, THEREFORE, the parties hereto agree
as follows:

 

		1.	Joinder of TDA and the Broker-Dealers. Effective as of the Effective Time (as defined in the Merger Agreement), each
of TDA and the Broker-Dealers hereby agree to be party to the Amended and Restated IDA Agreement and each shall be entitled to
all applicable rights (and subject to all applicable obligations) of either Schwab or the “Broker-Dealers” (as defined
in the Amended and Restated IDA Agreement, and hereinafter referred to as the “IDA Broker-Dealers”) under the
Amended and Restated IDA Agreement, including that:  (i) TDA and the Broker-Dealers shall be bound by all covenants,
agreements, representations, warranties and acknowledgements made by Schwab, as applicable, on behalf of the IDA Broker-Dealers
in the Amended and Restated IDA Agreement as of the date hereof as set forth in and in accordance with the terms of the Amended
and Restated IDA Agreement; (ii) TDA and the IDA Broker-Dealers shall have the benefit of all covenants, agreements, representations,
warranties and acknowledgements made by the Depository Institutions, to Schwab in the Amended and Restated IDA Agreement as set
forth in and in accordance with the terms of the Amended and Restated IDA Agreement and (iii) TDA and the IDA Broker-Dealers
shall perform all obligations and duties of TDA and the Broker-Dealers, as applicable, in accordance with the Amended and Restated
IDA Agreement.  Nothing herein is intended to expand or constrict the rights or obligations of the Depositary Institutions
beyond those set forth in the Amended and Restated IDA Agreement other than to give each of TDA and the Broker Dealers the right
to enforce the obligations of the Depositary Institutions to Schwab as applicable to TDA or such Broker-Dealer and to give the
Depositary Institutions the right to enforce the obligations of Schwab as against TDA and the Broker-Dealers as applicable to such
party. For the avoidance of doubt, Schwab shall remain party to the Amended and Restated IDA Agreement and shall be entitled to
all applicable rights (and subject to all applicable obligations) under the Amended and Restated IDA Agreement.

 

    

     

    

 

		2.	Consent and Agreement. In accordance with Section 35 of the Amended and Restated IDA Agreement, each of TDA and
the TDA Broker-Dealers hereby consent and agree to the Amended and Restated IDA Agreement (which is an amendment and restatement
of the 2013 IDA (as defined in the Amended and Restated IDA Agreement), which is superseded and of no further force or effect effective
as of the Effective Time).

 

		3.	Effective Time of Amended and Restated IDA Agreement. The Amended and Restated IDA Agreement will become effective as
of the Effective Time (as defined in the Merger Agreement) instead of the Closing.

 

    

     

    

 

IN WITNESS WHEREOF, TDA and each of the
Broker-Dealers have caused this Consent, Agreement and Joinder to be executed by their duly authorized officers effective as of
the date first above written.

 

	 	CHARLES SCHWAB & CO., INC. 
	 	 
	 	 
	 	By:	/s/ Peter Crawford
	 	 	Name:	Peter Crawford
	 	 	Title:	Executive Vice President and Chief Financial Officer
	 	 	 	 
	 	 	 	 
	 	TD AMERITRADE, INC. 
	 	 
	 	 
	 	By:	/s/ Jon C. Peterson
	 	 	Name:	Jon C. Peterson
	 	 	Title:	Chief Financial Officer
	 	 	 	 
	 	 	 	 
	 	TD AMERITRADE CLEARING, INC. 
	 	 
	 	 
	 	By:	/s/ Jon C. Peterson
	 	 	Name:	Jon C. Peterson
	 	 	Title:	Chief Financial Officer
	 	 	 	 
	 	 	 	 
	 	TD AMERITRADE TRUST COMPANY 
	 	 
	 	 
	 	By:	/s/ John D. Newman
	 	 	Name:	John D. Newman
	 	 	Title:	President & Chief Executive Officer

 

[Signature Page to Consent, Agreement
and Joinder to Amended and Restated IDA Agreement]

 

    

     

    

 

The foregoing Consent, Agreement and Joinder
is hereby accepted and agreed to as of the date first above written.

 

	TD BANK USA, NATIONAL ASSOCIATION	 
	 	 	 
	By:	/s/ Gregory Braca	 
	 	Name:	Gregory Braca	 
	 	Title:	President & CEO	 
	 	 	 
	 	 	 
	TD BANK, NATIONAL ASSOCIATION	 
	 	 	 
	By:	/s/ Gregory Braca	 
	 	Name:	Gregory Braca	 
	 	Title:	President & CEO	 
	 	 	 
	 	 	 
	THE CHARLES SCHWAB CORPORATION	 
	 	 	 
	By:	/s/ Peter Crawford	 
	 	Name:	Peter Crawford	 
	 	Title:	Executive Vice President and Chief Financial Officer	 

 

[Signature Page to Consent, Agreement and Joinder to Amended
and Restated IDA Agreement]

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