Document:

Form of Amended & Restated Trust Agreement

 Exhibit 4.10 
  
 Form of 
  
 AMENDED AND RESTATED TRUST AGREEMENT 
  

  
 among 
  
 THE CHARLES SCHWAB CORPORATION, as Depositor, 
  
 JPMORGAN CHASE BANK, 
  
 as Property Trustee, 
  
 CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION, 
  
 as Delaware Trustee, 
  
 and 
  
 THE ADMINISTRATIVE TRUSTEES NAMED HEREIN 
  

  
 Dated as of      
  
 SCHWAB CAPITAL TRUST      

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

	 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 Delaware Trustee; Principal Place of Business	  	11
	 Section 2.3
	  	Initial Contribution of Trust Property; Organizational Expenses	  	11
	 Section 2.4
	  	Issuance of the 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 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	  	18
	 Section 4.3
	  	Subordination of Common Securities	  	20
	 Section 4.4
	  	Payment Procedures	  	21
	 Section 4.5
	  	Tax Returns and Reports	  	21
	 Section 4.6
	  	Payment of Taxes, Duties, Etc. of the Trust	  	21
	 Section 4.7
	  	Payments under Indenture or Pursuant to Direct Actions	  	22
			
	 ARTICLE V
	  	TRUST SECURITIES CERTIFICATES	  	22
			
	 Section 5.1
	  	Initial Ownership	  	22
	 Section 5.2
	  	The Trust Securities Certificates	  	22
	 Section 5.3
	  	Execution and Delivery of Trust Securities Certificates	  	22
	 Section 5.4
	  	Registration of Transfer and Exchange of Preferred Securities Certificates	  	23
	 Section 5.5
	  	Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates	  	24
	 Section 5.6
	  	Persons Deemed Securityholders	  	24
	 Section 5.7
	  	Access to List of Securityholders’ Names and Addresses	  	24

  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

	 Section 5.8
	  	Maintenance of Office or Agency	  	24
	 Section 5.9
	  	Appointment of Paying Agent	  	25
	 Section 5.10
	  	Ownership of Common Securities by Depositor	  	25
	 Section 5.11
	  	Book-Entry Preferred Securities Certificates; Common Securities Certificate	  	26
	 Section 5.12
	  	Notices to Clearing Agency	  	27
	 Section 5.13
	  	Definitive Preferred Securities Certificates	  	27
	 Section 5.14
	  	Rights of Securityholders	  	28
			
	 ARTICLE VI
	  	ACTS OF SECURITYHOLDERS; MEETINGS; VOTING	  	30
			
	 Section 6.1
	  	Limitations on Voting Rights	  	30
	 Section 6.2
	  	Notice of Meetings	  	31
	 Section 6.3
	  	Meetings of Preferred Securityholders	  	31
	 Section 6.4
	  	Voting Rights	  	32
	 Section 6.5
	  	Proxies, Etc.	  	32
	 Section 6.6
	  	Securityholder Action by Written Consent	  	32
	 Section 6.7
	  	Record Date for Voting and Other Purposes	  	33
	 Section 6.8
	  	Acts of Securityholders	  	33
	 Section 6.9
	  	Inspection of Records	  	34
			
	 ARTICLE VII
	  	REPRESENTATIONS AND WARRANTIES	  	34
			
	 Section 7.1
	  	Representations and Warranties of the Property Trustee and the Delaware Trustee	  	34
	 Section 7.2
	  	Representations and Warranties of Depositor	  	35
			
	 ARTICLE VIII
	  	THE TRUSTEES	  	36
			
	 Section 8.1
	  	Certain Duties and Responsibilities	  	36
	 Section 8.2
	  	Certain Notices	  	38
	 Section 8.3
	  	Certain Rights of Property Trustee	  	38
	 Section 8.4
	  	Not Responsible for Recitals or Issuance of Securities	  	41
	 Section 8.5
	  	May Hold Securities	  	41
	 Section 8.6
	  	Compensation; Indemnity; Fees	  	41
	 Section 8.7
	  	Corporate Property Trustee Required; Eligibility of Trustees	  	43
	 Section 8.8
	  	Conflicting Interests	  	43
	 Section 8.9
	  	Co-Trustees and Separate Trustee	  	44
	 Section 8.10
	  	Resignation and Removal; Appointment of Successor	  	45
	 Section 8.11
	  	Acceptance of Appointment by Successor	  	47
	 Section 8.12
	  	Merger, Conversion, Consolidation or Succession to Business	  	48

  

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 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

	 Section 8.13
	  	Preferential Collection of Claims Against Depositor or Trust	  	48
	 Section 8.14
	  	Reports by Property Trustee	  	49
	 Section 8.15
	  	Reports to the Property Trustee	  	49
	 Section 8.16
	  	Evidence of Compliance with Conditions Precedent	  	49
	 Section 8.17
	  	Number of Trustees	  	50
	 Section 8.18
	  	Delegation of Power	  	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	  	52
	 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
	  	Liability of the Holder of Common Securities	  	55
	 Section 10.3
	  	Amendment	  	55
	 Section 10.4
	  	Separability	  	56
	 Section 10.5
	  	Governing Law	  	56
	 Section 10.6
	  	Payments Due on Non-Business Day	  	56
	 Section 10.7
	  	Successors	  	57
	 Section 10.8
	  	Headings	  	57
	 Section 10.9
	  	Reports, Notices and Demands	  	57
	 Section 10.10
	  	Agreement Not to Petition	  	58
	 Section 10.11
	  	Trust Indenture Act; Conflict with Trust Indenture Act	  	58
	 Section 10.12
	  	Acceptance of Terms of Trust Agreement, Guarantee and Indenture	  	58

  

 -iii- 

 AMENDED AND RESTATED TRUST AGREEMENT 
  
 AMENDED AND RESTATED TRUST AGREEMENT, dated as of
            , among (i) The Charles Schwab Corporation, a Delaware corporation (including any successors or assigns, the “Depositor”), (ii) JPMorgan Chase Bank, as property
trustee (in each such capacity, the “Property Trustee” and, in its separate corporate capacity and not in its capacity as Property Trustee, the “Bank”), (iii) Chase Manhattan Bank USA, National Association, as Delaware trustee
(the “Delaware Trustee”), (iv)             , an individual,             , an individual and
                    , an individual, each of whose address is c/o The Charles Schwab Corporation, 120 Kearny Street, San Francisco, California
94108 (each an “Administrative Trustee” and collectively the “Administrative Trustees”) (the Property Trustee, the Delaware Trustee and the Administrative Trustees referred to collectively as the “Trustees”) and (v) the
several Holders, as hereinafter defined. 
  
 WITNESSETH

  
 WHEREAS, the Depositor and the Delaware Trustee have
heretofore duly declared and established a statutory trust pursuant to the Delaware Statutory Trust Act by the entering into of that certain Trust Agreement, dated as of April 19, 2004 (the “Original Trust Agreement”), and by
the execution and filing by the Delaware Trustee with the Secretary of State of the State of Delaware of the Certificate of Trust, filed on April 19, 2004 , 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 by the Trust to the Depositor, (ii) the issuance and sale of the Preferred Securities by the Trust pursuant to the
Underwriting Agreement, (iii) the acquisition by the Trust from the Depositor of all of the right, title and interest in the Debentures and (iv) the appointment of the Property Trustee and the Administrative Trustees; 
  

 NOW THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and
valuable consideration, the sufficiency of which is hereby acknowledged, each party, for the benefit of the other parties and for the benefit of the Securityholders, 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: 
  
 (a) the terms defined in this Article have the meanings assigned to them in
this Article 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. 
  
 “Additional Amount” means, with respect to Trust Securities of a
given Liquidation Amount and/or a given period, the amount of Additional Interest (as defined in the Indenture) paid by the Depositor on a Like Amount of Debentures for such period. 
  
 “Additional Sums” has the meaning specified in Section 10.7 of the Indenture. 
  
 “Administrative Trustee” means each of the Persons identified as an
“Administrative Trustee” in the preamble to this Trust Agreement solely in such Person’s capacity as Administrative Trustee of the Trust formed and continued hereunder and not in such Person’s individual capacity, or such
Administrative Trustee’s successor in interest in such capacity, or any successor trustee appointed as herein provided. 
  
 “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect
common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether
through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
  
 “Bank” has the meaning specified in the preamble to this Trust Agreement. 
  

 -2- 

 “Bankruptcy Event” means, with respect to any Person: 
  
 (a) the entry of a decree or order by a court having jurisdiction in the
premises judging such Person a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjudication or composition of or in respect of such Person under any applicable Federal or State bankruptcy,
insolvency, reorganization or other similar law, or appointing a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of such Person or of any substantial part of its property or ordering the winding up or liquidation of
its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days; or 
  
 (b) the institution by such Person of proceedings to be adjudicated a bankrupt or insolvent, or the consent by it to the institution of bankruptcy or
insolvency proceedings against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law, or the consent by it to the
filing of any such petition or to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or similar official) of such Person or of any substantial part of its property, or the making by it of an assignment for the benefit of
creditors, or the admission by it in writing of its inability to pay its debts generally as they become due and its willingness to be adjudicated a bankrupt, or the taking of corporate action by such Person in furtherance of any such action.

  
 “Bankruptcy Laws” has the meaning specified in
Section 10.10. 
  
 “Book-Entry Preferred Securities
Certificates” means a beneficial interest in the Preferred Securities Certificates, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 5.11. 
  
 “Business Day” means a day other than (a) a Saturday or Sunday, (b)
a day on which banking institutions in The City of New York are authorized or required by law or executive order to remain closed or (c) a day on which the Property Trustee’s Corporate Trust Office or the Corporate Trust Office of the Debenture
Trustee is closed for business. 
  
 “Certificate Depository
Agreement” means the agreement among the Trust, the Property Trustee and The Depository Trust Company, as the initial Clearing Agency, dated as of the Closing Date, relating to the Trust Securities Certificates as the same may be amended and
supplemented from time to time. 
  
 “Clearing Agency”
means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act. The Depository Trust Company will be the initial Clearing Agency. 
  

 -3- 

 “Clearing Agency Participant” means a broker, dealer, bank, other financial institution or
other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency. 
  
 “Closing Date” means the [First Time of Delivery, as defined in the Underwriting Agreement]. 
  
 “Commission” means the Securities and Exchange Commission, as from
time to time constituted, created under the Securities Exchange Act of 1934, as amended, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture
Act, then the body performing such duties at such time. 
  
 “Common Securities Certificate” means a certificate evidencing ownership of Common Securities, substantially in the form attached as Exhibit B. 
  
 “Common Security” means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount
of $25 and having the rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein. 
  
 “Corporate Trust Office” means (i) when used with respect to the Property Trustee, the Institutional Trust
Services – Conventional Debt Unit of the Property Trustee at which at any time its corporate trust business shall be principally administered, which office at the date hereof is located at 4 New York Plaza, New York, New York 10004 and (ii)
when used with respect to the Debenture Trustee, the Institutional Trust Services – Conventional Debt Unit of the Debenture Trustee at which at any time its corporate trust business shall be principally administered, which office at the date
hereof is located at 4 New York Plaza, New York, New York 10004, or, in the case of the locations listed in (i) or (ii) such other address as may be designated by written notice to the Securityholders and the Depositor. 
  
 “Debenture Event of Default” means an “Event of Default”
as defined in 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. 
  
 “Debentures” means the aggregate principal amount of the Depositor’s         % Junior
Subordinated Deferrable Interest Debentures, Series             , issued pursuant to the Indenture. 
  
 “Debenture Trustee” means JPMorgan Chase Bank and any successor thereto. 
  

 -4- 

 “Definitive Preferred Securities Certificates” means either or both (as the context requires)
of (a) Preferred Securities Certificates issued as Book-Entry Preferred Securities Certificates as provided in Section 5.11(a) and (b) Preferred Securities Certificates issued in certificated, fully registered form as provided in Section 5.13.

  
 “Delaware Statutory Trust Act” means Chapter 38 of
Title 12 of the Delaware Code, 12 Del. C. (S) 3801, et seq., as it may be amended from time to time. 
  
 “Delaware Trustee” means the Person identified as the “Delaware Trustee” in the preamble to this Trust Agreement solely in its
capacity as Delaware Trustee of the Trust formed and continued hereunder and not in its individual capacity, or its successor in interest in such capacity, or any successor trustee appointed as herein provided. 
  
 “Depositor” has the meaning specified in the preamble to this Trust
Agreement. 
  
 “Distribution Date” has the meaning
specified in Section 4.1(a). 
  
 “Distributions” means
amounts payable in respect of the Trust Securities as provided in Section 4.1. 
  
 “Early Termination Event” has the meaning specified in Section 9.2. 
  
 “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 in the payment of any Distribution when it becomes due and payable, and continuation of such default for a
period of 30 days (subject to the deferral of any interest payment date as permitted in the Indenture); or 
  
 (c) default 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 or 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 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 
  

 -5- 

 (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 and any statute successor 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 as Exhibit C, as amended from time to time. 
  
 “Expiration Date” has the meaning specified in Section 9.1. 
  
 “Federal Reserve” means the Board of Governors of the Federal Reserve System, as from time to time constituted, or if at any time the Federal
Reserve is not existing and performing the duties now assigned to it, then the body performing such duties. 
  
 “Guarantee” means the Guarantee Agreement, dated as of             ,
between the Depositor, as the holder of all the Common Securities, and JPMorgan Chase Bank, as guarantee trustee, for the benefit of the holders of the Trust Securities, as amended from time to time. 
  
 “Indenture” means the Junior Subordinated Indenture, dated as of
            , between the Depositor and the Debenture Trustee, as trustee, as amended or supplemented from time to time. 
  
 “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 a Liquidation Amount equal to the principal amount of Debentures to be contemporaneously redeemed in accordance with the Indenture the proceeds of which will 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. 
  
 “Liquidation Amount” means the stated amount of $25 per Trust Security. 
  

 -6- 

 “Liquidation Date” means the date on which Debentures are to be distributed to Holders of Trust
Securities in connection with a termination and liquidation of the Trust pursuant to Section 9.4(a). 
  
 “Liquidation Distribution” has the meaning specified in Section 9.4(d). 
  
 “1940 Act” means the Investment Company Act of 1940, as amended. 
  
 “Officers’ Certificate” means a certificate signed by the
Chairman and Chief Executive Officer, President, Chief Financial Officer or a Vice President, and by the Treasurer, an Associate Treasurer, an Assistant Treasurer, the Controller, the Secretary or an Assistant Secretary, of the Depositor, and
delivered to the appropriate Trustee. One of the officers signing an Officers’ Certificate given pursuant to Section 8.16 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 a written opinion of counsel, who may be
counsel for the Trust, the Property Trustee or the Depositor, but not an employee of the Trust or the Property Trustee, and who shall be reasonably acceptable to the Property Trustee. 
  
 “Original Trust Agreement” has the meaning specified in the recitals hereto. 
  
 “Outstanding,” when used with respect to Trust Securities, means,
as of the date of determination, all Trust Securities theretofore executed and delivered under this Trust Agreement, except: 
  
 (a) Trust Securities theretofore cancelled by the Securities Registrar or delivered to the Securities Registrar for cancellation; 
  

 -7- 

 (b) Trust 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 Securities; provided that, if such Trust Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Trust Agreement; and

  
 (c) Trust Securities which have been paid or in exchange for
or in lieu of which other Preferred Securities have been executed and delivered pursuant to Sections 5.4, 5.5, 5.11 and 5.13; 
  
 provided, however, that in determining whether the Holders of the requisite Liquidation Amount of the Outstanding Preferred Securities have given any request, demand,
authorization, direction, notice, consent or waiver hereunder, 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 Preferred Securities that such Trustee actually knows to be so owned shall be so disregarded and
(b) the foregoing shall not apply at any time when all of the outstanding Preferred Securities are owned by the Depositor, one or more of the Trustees and/or any such Affiliate. 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 so to act with respect to such Preferred Securities and that the pledgee is not the Depositor or any Affiliate of the
Depositor. 
  
 “Owner” means each Person who is the
beneficial owner of a Book-Entry Preferred Securities Certificate as reflected in the records of the Clearing Agency or, if a Clearing Agency Participant is not the Owner, then as reflected in the records of a Person maintaining an account with such
Clearing Agency (directly or indirectly, in accordance with the rules of such Clearing Agency). 
  
 “Paying Agent” means any paying agent or co-paying agent appointed pursuant to Section 5.9 and shall initially be the Bank. 
  
 “Payment Account” means a segregated non-interest-bearing corporate
trust account maintained by the Property Trustee with the Bank in its Institutional Trust Services – Conventional Debt Unit for the benefit of the Securityholders in which all amounts paid in respect of the Debentures will be held and from
which the Property Trustee, through the Paying Agent, shall make payments to the Securityholders in accordance with Sections 4.1 and 4.2. 
  
 “Person” means any individual, corporation, partnership, joint venture, trust, limited liability company, unincorporated organization or
government or any agency or political subdivision thereof. 
  

 -8- 

 “Preferred Securities Certificate” means a certificate evidencing ownership of Preferred
Securities, substantially in the form attached as Exhibit D. 
  
 “Preferred Security” means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $25 and having the rights provided therefor in this Trust Agreement, including the right to receive
Distributions and a Liquidation Distribution as provided herein. 
  
 “Property Trustee” means the Person 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 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 8.10. 
  
 “Responsible Officer” means, when used with respect to the Property Trustee, any officer of the Property Trustee within the Institutional Trust Services – Conventional Debt Unit (or any successor unit, department or division
of the Property Trustee) located at the Corporate Trust Office of the Property Trustee who has direct responsibility for the administration of this Trust Agreement and for the purposes of Section 8.01(c)(i) also means, with respect to a particular
corporate trust matter, any other officer, trust officer or person to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject. 
  
 “Securities Register” and “Securities Registrar” have the respective meanings specified in Section 5.4.

  
 “Securityholder” or “Holder” means a
Person in whose name a Trust Security or Trust Securities is registered in the Securities Register; any such Person shall be deemed to be a beneficial owner within the meaning of the Delaware Statutory Trust Act; provided, however, that in
determining whether the Holders of the requisite amount of Preferred Securities have voted on any matter provided for in this Trust Agreement, then 

  

 -9- 

 
for the purpose of any such determination, so long as Definitive Preferred Securities Certificates have not been issued, the term Securityholders or Holders
as used herein shall refer to the Owners. 
  
 “Trust”
means the Delaware statutory trust created 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 (i) all exhibits hereto and (ii) for all purposes of this Trust Agreement and any such modification, amendment or supplement, the provisions of the Trust Indenture Act that are deemed to be a part of and
govern this Trust Agreement and any such modification, amendment or supplement, respectively. 
  
 “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended
after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended. 
  
 “Trust Property” means (a) the Debentures, (b) the rights of the Property Trustee and the Holders under the Guarantee, (c) any cash on deposit
in, or owing to, the Payment Account and (d) 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 trusts of this Trust Agreement.

  
 “Trust Security” means any one of the Common
Securities or the Preferred Securities. 
  
 “Trust Securities
Certificate” means any one of the Common Securities Certificates or the Preferred Securities Certificates. 
  
 “Trustees” means, collectively, the Property Trustee, the Delaware Trustee and the Administrative Trustees. 
  
 “Underwriting Agreement” means the [Pricing Agreement, dated as of
            , among the Trust, the Depositor and the underwriters named therein incorporating the Underwriting Agreement, dated
            ]. 
  

 -10- 

 ARTICLE II 
 ESTABLISHMENT OF THE TRUST 
  
 Section
2.1 Name. 
  
 The Trust continued hereby shall be known as
“Schwab Capital Trust             ,” 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 may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and sue and be sued. 
  
 Section 2.2 Office of the Delaware Trustee; Principal Place of Business. 

 
 The address of the Delaware Trustee in the State of Delaware is c/o Chase
Manhattan Bank USA, National Association, Institutional Trust Services, 500 Stanton Christiana Road, OPS4/3rd Floor, Newark, Delaware 19713, Attention: Senior Trust Officer, or such other address in the State of Delaware as the Delaware Trustee may
designate by written notice to the Securityholders and the Depositor. The principal executive office of the Trust is c/o The Charles Schwab Corporation, 120 Kearny Street, San Francisco, California 94108. 
  
 Section 2.3 Initial Contribution of Trust Property; Organizational Expenses.

  
 The Property Trustee acknowledges receipt in trust from
the Depositor in connection with the Original Trust Agreement of the sum of $10.00, which constituted the initial Trust Property. 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 Preferred Securities. 
  
 On             , the Depositor, on behalf of the
Trust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the
Underwriters named in the Underwriting Agreement Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of
             Preferred Securities having an aggregate Liquidation Amount of $             , against
receipt of such aggregate purchase price of such Preferred Securities of $             , which amount the Administrative Trustee shall promptly deliver to the Property
Trustee. 
  

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 Section 2.5 Issuance of the Common Securities; Subscription and Purchase of Debentures. 
  
 On the Closing Date, an Administrative Trustee, on behalf of the Trust,
shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount             
of Common Securities having an aggregate Liquidation Amount of $              against payment by the Depositor of such amount, which amount such Administrative Trustee
shall promptly deliver to the Property Trustee. 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 Trust and having an
aggregate principal amount equal to $             , 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 $              (being the sum of the amounts delivered to the Property Trustee pursuant to (i) the second sentence of Section 2.4 and (ii) the
first sentence of this Section 2.5). 
  
 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, and (b) to engage in those activities necessary or incidental thereto. The Depositor hereby appoints the Trustees as trustees of the Trust, to have all
the rights, powers and duties to the extent set forth herein, and the Trustees hereby accept such appointment. The Property Trustee hereby declares that it will hold the Trust Property in trust upon and subject to the conditions set forth herein for
the benefit of the Trust and 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 Delaware
Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities, of the Property Trustee or the Administrative Trustees set forth herein. The Delaware Trustee shall be one of the
Trustees of the Trust for the sole and limited purpose of fulfilling the requirements of Section 3807 of the Delaware Statutory Trust Act. 
  
 Section 2.7 Authorization to Enter into Certain Transactions. 
  
 (a) The Trustees shall conduct the affairs of the Trust in accordance with the terms of this Trust Agreement. Subject to the limitations set forth in
paragraph (b) of this Section, Article VIII and in accordance with the following provisions (i) and (ii), the Trustees shall have the authority to enter into all transactions and agreements determined by the Trustees to be appropriate in exercising
the authority, express or implied, otherwise granted to the Trustees under this Trust Agreement, and to perform all acts in furtherance thereof, including without limitation, the following: 
  
 (i) As among the Trustees, each Administrative Trustee 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; 
  

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 (B) to cause the Trust to enter into, and to execute, deliver and perform on behalf of
the Trust, the Expense Agreement and the Certificate Depository Agreement and such other agreements as may be necessary or desirable in connection with the purposes and function of the Trust; 
  
 (C) assisting in the registration of the Preferred
Securities under the Securities Act of 1933, as amended, and under State securities or blue sky laws, and the qualification of this Trust Agreement as a trust indenture under the Trust Indenture Act; 
  
 (D) assisting in the listing, if any, of the Preferred
Securities upon such securities exchange or exchanges or automated quotation system or systems as shall be determined by the Depositor and the registration of the Preferred Securities under the Exchange Act and the preparation and filing of all
periodic and other reports and other documents pursuant to the foregoing; 
  
 (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) registering transfer of the Trust Securities in accordance with this Trust Agreement; 
  
 (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) unless otherwise determined by the Depositor, the Property Trustee or the Administrative Trustees, or as otherwise required by the
Delaware Statutory Trust Act or the Trust Indenture Act, to execute on behalf of the Trust (either acting alone or together with any or all of the Administrative Trustees) any documents that the Administrative Trustees have the power to execute
pursuant to this Trust Agreement; and 
  
 (J) the
taking of any action incidental to the foregoing as the Trustees may from time to time determine is necessary or advisable to give effect to the 

  

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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 ministerial matters: 
  
 (A) the establishment of the Payment Account; 
  
 (B) the receipt of the Debentures; 
  
 (C) the deposit of interest, principal and any other payments made in respect of the Debentures in the Payment Account; 
  
 (D) the distribution through the Paying Agent of amounts
owed to the Securityholders in respect of the Trust Securities; 
  
 (E) the exercise of all of the rights, powers and privileges of a holder of the Debentures as and to the extent specifically required by, and subject to, the terms of this Trust Agreement; 
  
 (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 and the preparation, execution and filing of the certificate of cancellation with the Secretary of State of the State of Delaware; 
  
 (I) after an Event of Default (other than under paragraph
(b), (c), (d) or (e) of the definition of such term if such Event of Default is by or with respect to the Property Trustee) the taking of any action incidental to the foregoing as the Property Trustee may from time to time determine is necessary or
advisable to give effect to the terms of this 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); and

  
 (J) 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). 
  

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 (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 (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 be classified as an association taxable as a corporation or as other than 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 Preferred Securities, the Depositor shall have the right and responsibility to assist the Trust with respect to, or effect on behalf of the Trust, the following (and
any actions taken by the Depositor in furtherance of the following prior to the date of this Trust Agreement are hereby ratified and confirmed in all respects): 
  
 (i) the preparation and filing by the Trust with the Commission and the execution on behalf of the Trust of
a registration statement on the appropriate form in relation to the Preferred Securities, including any amendments thereto; 
  
 (ii) the determination of the States in which to take appropriate action to qualify or register for sale all or part of the Preferred
Securities and the determination of any and all such acts, other than actions which must be taken by or on behalf of the Trust, and the advice to the Trustees of actions they must take on behalf of the Trust, and the preparation for execution and
filing of any documents to be executed and filed by the Trust or on behalf of the Trust, as the Depositor deems necessary or advisable in order to comply with the applicable laws of any such States; 
  
 (iii) the preparation for filing by the Trust and execution
on behalf of the Trust of an application to the New York Stock Exchange or any other national stock exchange or the Nasdaq National Market or any other automated quotation system for listing upon notice of issuance of any Preferred Securities and
filing with such exchange or self-regulatory organization such notifications and documents as may be necessary from time to time to maintain such listing; 
  
 (iv) the preparation for filing by the Trust with the Commission and the execution on behalf of the Trust of a registration statement on
Form 8-A relating to the registration of the Preferred Securities under Section 12(b) or 12(g) of the Exchange Act, including any amendments thereto; 
  

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 (v) the negotiation of the terms of, and the execution and delivery of, the Underwriting
Agreement providing for the sale of the Preferred Securities; and 
  
 (vi) 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 will not be deemed to be an “investment company” required to be registered under the 1940 Act, or to be classified as an association taxable as a corporation or as other than a grantor trust for United
States Federal income tax purposes and so that the Debentures will be treated as indebtedness of the Depositor for United States Federal income tax purposes. In this connection, the Depositor and the Administrative Trustees are authorized to take
any action, not inconsistent with applicable law, the Certificate of Trust or this Trust Agreement, that each of the Depositor and any Administrative Trustee determines in its discretion to be necessary or desirable for such purposes, as long as
such action does not adversely affect in any material respect the interests of the Holders of the Preferred Securities. 
  
 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 Trust and the Securityholders in accordance with this Trust Agreement. 
  
 ARTICLE III 
 PAYMENT ACCOUNT 
  
 Section 3.1 Payment Account. 
  
 (a) On or prior to the Closing Date, the Property Trustee shall establish
the Payment Account. The Property Trustee, subject to the provisions of Section 5.9, and any agent of the Property Trustee shall have exclusive control and sole right of withdrawal with respect to the Payment Account for the purpose of making
deposits in and withdrawals from the Payment Account in accordance with this Trust Agreement. All monies and other property deposited or held from time to time in the Payment Account shall be held for the exclusive benefit of the Securityholders and
for distribution 

  

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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 or premium 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) The Trust
Securities represent undivided beneficial interests in the Trust Property, and Distributions (including of Additional Amounts) will be made on the Trust Securities at the rate and on the dates that payments of interest (including of Additional
Interest, as defined in the Indenture) are made on the Debentures. Accordingly: 
  
 (i) Distributions on the Trust Securities shall be cumulative, and will accumulate whether or not there are funds of the Trust available
for the payment of Distributions. Distributions shall accrue from             , and, except in the event (and to the extent) that the Depositor exercises its right to defer
the payment of interest on the Debentures pursuant to the Indenture, shall be payable semi-annually in arrears on              and
             of each year, commencing on             . 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 interest or other payment in respect of any such delay) except
that, if such Business Day is in the next succeeding calendar year, payment of such Distribution shall be made on the immediately preceding Business Day, 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”). 
  
 (ii) Assuming payments of interest on the Debentures are made when due (and before giving effect to Additional Amounts, if applicable),
Distributions on the Trust Securities shall be payable at a rate of             % per annum of the Liquidation Amount of the Trust Securities. 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. The amount of Distributions payable for any period shall include the Additional Amounts, if any. 
  
 (iii) Distributions on the Trust Securities shall be made from the Payment Account and shall be payable on each Distribution Date only to
the extent that 

  

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the Trust has funds then on hand and available in the Payment Account for the payment of such Distributions. 
  
 (b) 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 for the Trust Securities on the relevant record date, which shall be one Business Day prior to such Distribution Date; provided, however, that in the event that the
Preferred Securities do not remain in book-entry-only form, the relevant record date shall be fifteen days prior to the relevant Distribution Date (whether or not such record date is a Business Day). 
  
 Section 4.2 Redemption. 
  
 (a) On each Debenture Redemption Date and on the stated maturity of the Debentures, the Trust will 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 Security Register. All notices of redemption shall state: 
  
 (i) the Redemption Date; 
  
 (ii) the Redemption Price; 
  
 (iii) the CUSIP number; 
  
 (iv) if less than all the Outstanding Trust Securities are to be redeemed, the identification and the total Liquidation Amount of the
particular Trust Securities to be redeemed; 
  
 (v) that on the Redemption Date the Redemption Price will become due and payable upon each such Trust Security to be redeemed and that Distributions thereon will cease to accrue on and after said date; 
  
 (vi) if the Preferred Securities are no longer in
book-entry-only form, the place and address where the Holders shall surrender their Preferred Securities Certificates; and 
  
 (vii) The Trust in issuing the Trust Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Property
Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that, any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Trust Securities
or as contained in any notice of a redemption and related materials. 
  

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 (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 funds then on hand and
immediately 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 Preferred Securities, then, by 12:00 noon, New York City time, on the Redemption Date, subject to Section 4.2(c), the Property Trustee will,
so long as the Preferred Securities are in book-entry-only form, irrevocably deposit with the Clearing Agency for the Preferred Securities funds sufficient to pay the applicable Redemption Price and an Administrative Trustee will give such Clearing
Agency irrevocable instructions and authority to pay the Redemption Price to the Holders thereof. If the Preferred Securities are no longer in book-entry-only form, the Property Trustee, subject to Section 4.2(c), will irrevocably deposit with the
Paying Agent funds sufficient to pay the applicable Redemption Price and will give the Paying Agent irrevocable instructions and authority to pay the Redemption Price to the Holders thereof upon surrender of their 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, all rights of Securityholders holding Trust Securities so
called for redemption will cease, except the right of such Securityholders to receive the Redemption Price and any Distribution payable on or prior to the Redemption Date, but without interest thereon, and such Trust Securities will cease to be
outstanding. 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 will 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 falls in the next calendar year, such payment will be made on the immediately preceding Business Day, 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 Guarantee, Distributions
on such Trust Securities will continue to accrue, 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 will be the date fixed for redemption for purposes of calculating the Redemption Price. 
  
 (e) Payment of the Redemption Price on the Trust Securities shall be made to the recordholders thereof as they appear on the Securities Register for the
Trust Securities on the relevant record date, which shall be one Business Day prior to the 

  

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relevant Redemption Date; provided, however, that in the event that the Preferred Securities do not remain in book-entry-only form, the relevant record date
shall be the date fifteen 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 Preferred Securities. The particular Preferred Securities to be redeemed shall be selected on a pro rata basis (based upon Liquidation Amounts) not more than 60 days prior to the Redemption
Date by the Property Trustee from the Outstanding Preferred Securities not previously called for redemption, by such method as the Property Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions
(equal to $1,000 or an integral multiple of $1,000 in excess thereof) of the Liquidation Amount of Preferred Securities of a denomination larger than $1,000. The Property Trustee shall promptly notify the Security Registrar in writing of the
Preferred Securities selected for redemption and, in the case of any 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 Preferred Securities shall relate, in the case of any Preferred Securities redeemed or to be redeemed only in part, to the portion of the Liquidation Amount of Preferred Securities that 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 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 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 Preferred Securities then called for redemption, shall have been made or provided for, and all funds immediately 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, Preferred Securities then due and payable. 
  

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 (b) In the case of the occurrence of any Event of Default resulting from any Debenture Event of Default,
the Holder of Common Securities will 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 Preferred Securities have been
cured, waived or otherwise eliminated. Until any such Event of Default under this Trust Agreement with respect to the Preferred Securities has been so cured, waived or otherwise eliminated, the Property Trustee shall act solely on behalf of the
Holders of the Preferred Securities and not the Holder of the Common Securities, and only the Holders of the Preferred Securities will 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 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 or, if the Preferred Securities are held by a Clearing Agency, such Distributions
shall be made to the Clearing Agency in immediately available funds, which shall credit the relevant Persons’ accounts at such Clearing Agency on the applicable Distribution Dates. Payments in respect of the Common Securities shall be made in
such manner as shall be mutually agreed between the Property Trustee and the Common Securityholder. 
  
 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 United States Federal, State and local tax and information returns and reports required to be filed by
or in respect of the Trust. In this regard, the Administrative Trustees shall (a) prepare and file (or cause to be prepared and filed) the appropriate Internal Revenue Service form 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 Internal Revenue Service form and the information required to be provided on such form. The Administrative Trustees shall provide
the Depositor and the Property Trustee with a copy of all such returns and reports promptly after such filing or furnishing. The Trustees shall comply with United States Federal 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,] the Property Trustee shall promptly pay any taxes, duties or governmental charges of whatsoever
nature (other than withholding taxes) imposed on the Trust by the United States or any other taxing authority; provided, however, that under no circumstances shall the Property Trustee 

  

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have any liability for such sums[, including non-receipt of any Additional Sums under the Debentures.] 
  
 Section 4.7 Payments under Indenture or Pursuant to Direct Actions. 
  
 Any amount payable hereunder to any Holder of Preferred Securities (and any
Owner with respect thereto) shall be reduced by the amount of any corresponding payment such Holder (and Owner) has directly received pursuant to Section 5.8 of the Indenture or Section 5.14 of this Trust Agreement. 
  
 ARTICLE V 
 TRUST SECURITIES CERTIFICATES 
  
 Section 5.1 Initial Ownership. 
  
 Upon the formation of the Trust and the contribution by the Depositor pursuant to Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole
beneficial owner of the Trust. 
  
 Section 5.2 The Trust Securities
Certificates. 
  
 The Preferred Securities Certificates shall
be issued in minimum denominations of $25 Liquidation Amount and integral multiples thereof, and the Common Securities Certificates shall be issued in denominations of $25 Liquidation Amount and integral multiples thereof. The Trust Securities
Certificates shall be executed on behalf of the Trust by manual signature of at least one Administrative Trustee. Trust Securities Certificates bearing the manual 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. 
  
 Section 5.3 Execution and Delivery of Trust Securities Certificates. 
  
 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, to be executed on behalf of the Trust by at least one of the Administrative Trustees and 

  

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delivered to or upon the written order of the Depositor, signed by its chairman of the board, its president, any executive vice president or any vice
president, treasurer or assistant treasurer or controller without further corporate action by the Depositor, in authorized denominations. 
  
 Section 5.4 Registration of Transfer and Exchange of Preferred Securities Certificates. 
  
 The Depositor shall keep or cause to be kept, at the office or agency maintained pursuant to Section 5.8, a register or
registers for the purpose of registering Trust Securities Certificates and transfers and exchanges of Preferred Securities Certificates (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 Preferred Securities Certificates and Common Securities Certificates (subject to Section 5.10 in the case of the Common Securities
Certificates) and registration of transfers and exchanges of Preferred Securities Certificates as herein provided. The Bank shall be the initial Securities Registrar. 
  
 Upon surrender for registration of transfer of any Preferred Securities Certificate at the office or agency maintained
pursuant to Section 5.8, the Administrative Trustees or any one of them shall execute and deliver, in the name of the designated transferee or transferees, one or more new Preferred Securities Certificates in authorized denominations of a like
aggregate Liquidation Amount dated the date of execution by such Administrative Trustee or Trustees. 
  
 The Securities Registrar shall not be required to register the transfer of any Preferred Securities that have been called for redemption. At the option of
a Holder, Preferred Securities Certificates may be exchanged for other Preferred Securities Certificates in authorized denominations of the same class and of a like aggregate Liquidation Amount upon surrender of the Preferred Securities Certificates
to be exchanged at the office or agency maintained pursuant to Section 5.8. 
  
 Every Preferred Securities Certificate presented or surrendered for registration of transfer or exchange shall be accompanied by a written instrument of transfer in form satisfactory to an Administrative Trustee and
the Securities Registrar duly executed by the Holder or his attorney duly authorized in writing. Each Preferred Securities Certificate surrendered for registration of transfer or exchange shall be cancelled and subsequently disposed of by an
Administrative Trustee in accordance with such Person’s customary practice. 
  
 No service charge shall be made for any registration of transfer or exchange of 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 Preferred Securities Certificates. 
  

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 Section 5.5 Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates. 
  
 If (a) any mutilated Trust Securities Certificate shall be surrendered to
the Securities Registrar, or if the Securities Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Trust Securities Certificate and (b) there shall be delivered to the Securities Registrar and the
Administrative Trustees such security or indemnity as may be required by them to save each of them harmless, then in the absence of notice that such Trust Securities Certificate shall have been acquired by a 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, 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 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. 
  
 Section 5.6 Persons Deemed Securityholders. 
  
 The Trustees or 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 neither the Trustees nor the Securities Registrar shall be bound by any notice to the contrary.

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

  
 Each Holder and each Owner 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 Administrative Trustees shall maintain an office or offices or agency or
agencies where 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 JPMorgan Chase Bank 4 New York Plaza, New York, New York 10004, Attn: Institutional Trust Services – Conventional Debt Unit, as its principal corporate trust office for such purposes. The Administrative Trustees
shall give prompt written notice to 

  

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the Depositor, the Bank and 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 Trustees determine in their sole discretion that the Paying Agent shall have failed to perform its obligations under this Trust
Agreement in any material respect. The Paying Agent shall initially be the Bank, and any co-paying agent chosen by the Bank, 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 Bank 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 (which shall be a bank or trust company). 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 will 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 8.1,
8.3 and 8.6 herein shall apply to the Bank also in its role as Paying Agent, for so long as the Bank shall act as Paying Agent and, to the extent applicable, to any other paying agent appointed hereunder. Any reference in this Trust 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 the Common Securities. To the fullest extent permitted by law, other than a transfer in connection with a consolidation or
merger of the Depositor into another Person, or any conveyance, transfer or lease by the Depositor of its properties and assets substantially as an entirety to any Person, pursuant to Section 8.1 of the Indenture, any attempted transfer of the
Common Securities shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating “THIS CERTIFICATE IS NOT TRANSFERABLE.” 
  

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 Section 5.11 Book-Entry Preferred Securities Certificates; Common Securities Certificate. 
  
 (a) The Preferred Securities Certificates, upon original issuance, will be
issued in the form of a typewritten Preferred Securities Certificate or Certificates representing Book-Entry Preferred Securities Certificates, to be delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the
Trust. Such Preferred Securities Certificate or Certificates shall initially be registered on the Securities Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no Owner will receive a Definitive Preferred
Securities Certificate representing such Owner’s interest in such Preferred Securities, except as provided in Section 5.13. Unless and until Definitive Preferred Securities Certificates have been issued to Owners pursuant to Section 5.13:

  
 (i) the provisions of this Section 5.11(a)
shall be in full force and effect; 
  
 (ii) the
Securities Registrar and the Trustees shall be entitled to deal with the Clearing Agency for all purposes of this Trust Agreement relating to the Book-Entry Preferred Securities Certificates (including the payment of the Liquidation Amount of and
Distributions on the Preferred Securities evidenced by Book-Entry Preferred Securities Certificates and the giving of instructions or directions to Owners of Preferred Securities evidenced by Book-Entry Preferred Securities Certificates) as the sole
Holder of Preferred Securities evidenced by Book-Entry Preferred Securities Certificates and shall have no obligations to the Owners thereof; 
  
 (iii) to the extent that the provisions of this Section 5.11 conflict with any other provisions of this Trust Agreement, the provisions of
this Section 5.11 shall control; 
  
 (iv) the
rights of the Owners of the Book-Entry Preferred Securities Certificates shall be exercised only through the Clearing Agency and shall be limited to those established by law and agreements between such Owners and the Clearing Agency and/or the
Clearing Agency Participants. Pursuant to the Certificate Depository Agreement, unless and until Definitive Preferred Securities Certificates are issued pursuant to Section 5.13, the initial Clearing Agency will make book-entry transfers among the
Clearing Agency Participants and receive and transmit payments on the Preferred Securities to such Clearing Agency Participants; and 
  
 (v) The Trust, the Property Trustee and any agent of the Trust or the Property Trustee shall not be responsible for any acts or omissions
of a Clearing Agency, for any Clearing Agency records of beneficial ownership interests or for any transactions between a Clearing Agency and its direct or indirect member participants or between any 

  

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such participants and beneficial owners of Preferred Securities or between or among any such participants and such beneficial owners. 
  
 (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. 
  
 Section 5.12 Notices to Clearing Agency. 
  
 To the extent that a notice or other communication to the Owners is required under this Trust Agreement, unless and until Definitive Preferred Securities Certificates shall have been issued to Owners pursuant to
Section 5.13, the Trustees shall give all such notices and communications specified herein to be given to Owners to the Clearing Agency, and shall have no obligations to the Owners. 
  
 Section 5.13 Definitive Preferred Securities Certificates. 
  
 If (a) the Depositor advises the Trustees in writing that the Clearing Agency is no longer willing or able to properly
discharge its responsibilities with respect to the Preferred Securities Certificates, and the Depositor is unable to locate a qualified successor, (b) the Depositor at its option advises the Trustees in writing that it elects to terminate the
book-entry system through the Clearing Agency or (c) after the occurrence of a Debenture Event of Default, Owners of Preferred Securities Certificates representing beneficial interests aggregating at least a majority of the Liquidation Amount advise
the Administrative Trustees in writing that the continuation of a book-entry system through the Clearing Agency is no longer in the best interest of the Owners of Preferred Securities Certificates, then the Administrative Trustees shall notify the
Clearing Agency and the other Trustees and the Clearing Agency shall notify all Owners of Preferred Securities Certificates of the occurrence of any such event and of the availability of the Definitive Preferred Securities Certificates to Owners of
such class or classes, as applicable, requesting the same. Upon surrender to the Administrative Trustees of the typewritten Preferred Securities Certificate or Certificates representing the Book-Entry Preferred Securities Certificates by the
Clearing Agency, accompanied by registration instructions, the Administrative Trustees, or any one of them, shall execute the Definitive Preferred Securities Certificates in accordance with the instructions of the Clearing Agency. Neither the
Securities Registrar nor the Trustees shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be fully protected in relying on, such instructions. Upon the issuance of Definitive Preferred Securities
Certificates, the Trustees shall recognize the Holders of the Definitive Preferred Securities Certificates as Securityholders. The Definitive Preferred Securities Certificates shall be typewritten, printed, lithographed or engraved or may be
produced in any other manner as is reasonably acceptable to the Administrative Trustees that meets the requirements of any stock exchange or automated quotation system on which the Preferred Securities are then 

  

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listed or approved for trading, as evidenced by the execution thereof by the Administrative Trustees or any one of them. 
  
 Section 5.14 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, 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 and when issued and delivered to Securityholders against payment of the purchase price therefor will be fully paid and nonassessable by the Trust. The Holders of
the 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 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 as set forth in the Indenture, the Holders of at least 25% in Liquidation Amount of the Preferred Securities then Outstanding shall have such right by a notice in writing to the Depositor and the Debenture Trustee; and upon any 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, premium and interest on such Debentures shall remain subordinated to the extent
provided in the Indenture. 
  
 At any time after such a
declaration of acceleration with respect to the Debentures has been made and before a judgment or decree for payment of the money due has been obtained by the Debenture Trustee as in the Indenture provided, the Holders of a majority in Liquidation
Amount of the Preferred Securities, by written notice to the Property Trustee, the Depositor and the Debenture Trustee, may rescind and annul such declaration and its consequences if: 
  
 (i) the Depositor has paid or deposited with the Debenture Trustee a sum sufficient to pay 
  
 (A) all overdue installments of interest (including any
Additional Interest (as defined in the Indenture)) on all of the Debentures, 
  

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 (B) the principal of (and premium, if any, on) any Debentures which have become due
otherwise than by such declaration of acceleration and interest thereon at the rate borne by the Debentures, and 
  
 (C) all sums paid or advanced by the Debenture Trustee under the Indenture and the reasonable compensation, expenses, disbursements and
advances of the Debenture Trustee and the Property Trustee, their agents and counsel; and 
  
 (ii) all Events of Default with respect to the Debentures, other than the non-payment of the principal of the Debentures which has become
due solely by such acceleration, have been cured or waived as provided in Section 5.13 of the Indenture. 
  
 The holders of a majority in aggregate Liquidation Amount of the Preferred Securities may, on behalf of the Holders of all the Preferred Securities, waive
any past default under the Indenture, except a default in the payment of principal, premium or interest (unless all Events of Default with respect to the Debentures, other than the non-payment of the principal of the Debentures which has become due
solely by such acceleration, have been cured or annulled as provided in Section 5.3 of the Indenture and the Depositor has paid or deposited with the Debenture Trustee a sum sufficient to pay all overdue installments of interest (including any
Additional Interest (as defined in the Indenture)) on the Debentures, the principal of (and premium, if any, on) any Debentures which have become due otherwise than by such declaration of acceleration and interest thereon at the rate borne by the
Debentures, and all sums paid or advanced by the Debenture Trustee under the Indenture and the reasonable compensation, expenses, disbursements and advances of the Debenture Trustee and the Property trustee, their agents and counsel) or a default in
respect of a covenant or provision which under the Indenture cannot be modified or amended without the consent of the holder of each outstanding Debenture. No such rescission shall affect any subsequent default or impair any right consequent
thereon. 
  
 Upon receipt by the Property Trustee of written
notice declaring such an acceleration, or rescission and annulment thereof, by Holders of the Preferred Securities all or part of which is represented by Book-Entry Preferred Securities Certificates, a record date shall be established for
determining Holders of Outstanding Preferred Securities entitled to join in such notice, which record date shall be at the close of business on the day the Property Trustee receives such notice. The Holders on such record date, or their duly
designated proxies, and only such Persons, shall be entitled to join in such notice, whether or not such Holders remain Holders after such record date; provided, that, unless such declaration of acceleration, or rescission and annulment, as the case
may be, shall have become effective by virtue of the requisite percentage having joined in such notice prior to the day which is 90 days after such record date, such notice of declaration of acceleration, or rescission and annulment, as the case may
be, shall automatically and without further action by any Holder be canceled and of no further effect. Nothing in this paragraph shall prevent a Holder, or a proxy of a Holder, from 

  

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giving, after expiration of such 90-day period, a new written notice of declaration of acceleration, or rescission and annulment thereof, as the case may be,
that is identical to a written notice which has been canceled pursuant to the proviso to the preceding sentence, in which event a new record date shall be established pursuant to the provisions of this Section 5.14(b). 
  
 (c) For so long as any Preferred Securities remain Outstanding, to the
fullest extent permitted by law and subject to the terms of this Trust Agreement and the Indenture, upon a Debenture Event of Default specified in Section 5.1(1) or 5.1(2) of the Indenture, any Holder of Preferred Securities shall have the right to
institute a proceeding directly against the Depositor, pursuant to Section 5.8 of the Indenture, for enforcement of payment to such Holder of the principal amount of or premium or interest on Debentures having a principal amount equal to the
Liquidation Amount of the Preferred Securities of such Holder (a “Direct Action”). Except as set forth in Section 5.14(b) and this Section 5.14(c), the Holders of Preferred Securities shall have no right to exercise directly any right or
remedy available to the holders of, or in respect of, the Debentures. 
  
 ARTICLE VI 
 ACTS OF SECURITYHOLDERS; MEETINGS; VOTING 
  
 Section 6.1 Limitations on Voting Rights. 
  

(a) Except as provided in this Section, in Sections 5.14, 8.10 and 10.3 and in the Indenture and as otherwise required by law, no Holder of 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 s,
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, 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 Section 5.13 of the Indenture or compliance
with any covenant, (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 Preferred Securities, provided, however, that where a consent under the Indenture
would require the consent of each holder of Debentures affected thereby, no such consent shall be given by the Property Trustee without the prior written consent of each Holder of Preferred Securities. The Trustees 

  

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shall not revoke any action previously authorized or approved by a vote of the Holders of Preferred Securities, except by a subsequent vote of the Holders of
Preferred Securities. The Property Trustee shall notify all Holders of the Preferred Securities of any notice of default received from the Debenture Trustee with respect to the Debentures. In addition to obtaining the foregoing approvals of the
Holders of the 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 such action shall not cause the Trust
to be classified as an association taxable as a corporation or as other than a grantor trust for United States Federal income tax purposes. 
  
 (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 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 Preferred Securities as a class will be entitled to vote on such amendment or proposal and such amendment or proposal shall not be effective except with the approval of the Holders
of at least a majority in Liquidation Amount of the Outstanding Preferred Securities. Notwithstanding any other provision of this Trust Agreement, no amendment to this Trust Agreement may be made if, as a result of such amendment, it would cause the
Trust to be classified as an association taxable as a corporation or as other than a grantor trust for United States Federal income tax purposes. 
  
 Section 6.2 Notice of Meetings. 
  
 Notice of all meetings of the Preferred Securityholders, stating the time, place and purpose of the meeting, shall be given by the Property Trustee
pursuant to Section 10.9 to each Preferred Securityholder 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 Preferred Securityholders. 
  
 No annual meeting of Securityholders is required to be held. The Administrative Trustees, however, shall call a meeting of Preferred Securityholders to
vote on any matter upon the written request of the Preferred Securityholders of record of 25% of the Outstanding Preferred Securities (based upon their Liquidation Amount) and the Administrative Trustees or the Property Trustee may, at any time in
their discretion, call a meeting of Preferred Securityholders to vote on any matters as to which Preferred Securityholders are entitled to vote. 
  

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 Preferred Securityholders of record of 50% of the Outstanding Preferred Securities (based upon their
Liquidation Amount), present in person or by proxy, shall constitute a quorum at any meeting of Securityholders. 
  
 If a quorum is present at a meeting, an affirmative vote by the Preferred Securityholders of record present, in person or by proxy, holding more than a
majority of the Preferred Securities (based upon their Liquidation Amount) held by the Preferred Securities of record present, either in person or by proxy, at such meeting shall constitute the action of the Preferred 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 $25 of Liquidation Amount represented by their Trust Securities 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. Pursuant to
a resolution of the Property Trustee, proxies may be solicited in the name of the Property Trustee or one or more officers of the Property Trustee. Only Securityholders of record shall be entitled to vote. When Trust Securities are held jointly by
several Persons, any one of them may vote at any meeting in person or by proxy in respect of such Trust Securities, but if more 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 more than a majority of all
Outstanding Trust Securities (based upon their Liquidation Amount) entitled to vote in respect of such action (or such larger proportion thereof as shall be required by any express provision of this Trust Agreement) shall consent to the action in
writing. 
  

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 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 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 a 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 or Owners may be embodied in and evidenced by one or more instruments of
substantially similar tenor signed by such Securityholders or Owners 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 or Owners 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 (subject to Section 8.1) conclusive in favor of the Trustees, if made in the manner
provided in this Section. 
  
 (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 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 

  

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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) If any dispute shall arise between the Securityholders and the Administrative Trustees or among such Securityholders or Trustees with respect to the
authenticity, validity or binding nature of any request, demand, authorization, direction, consent, waiver or other Act of such Securityholder or Trustee under this Article VI, then the determination of such matter by the Property Trustee shall be
conclusive with respect to such matter. 
  
 (g) A Securityholder
may institute a legal proceeding directly against the Depositor under the Guarantee to enforce its rights under the Guarantee without first instituting a legal proceeding against the Trust or any person or entity.  
  
 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 by Securityholders during normal business hours for any purpose reasonably related to such Securityholder’s interest as a Securityholder. 
  
 ARTICLE VII 
 REPRESENTATIONS AND WARRANTIES 
  
 Section 7.1 Representations and Warranties of the Property Trustee and the Delaware Trustee. 
  
 The Property Trustee and the Delaware Trustee, each severally on behalf of and as to itself, hereby represents and warrants for the benefit of the
Depositor and the Securityholders that: 
  
 (a) the Property
Trustee is a banking corporation, duly organized, validly existing and in good standing under the laws of the State of New York; 
  
 (b) the Property Trustee has full corporate power, authority and legal right to execute, deliver and perform its obligations under this Trust Agreement
and has taken all 

  

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necessary action to authorize the execution, delivery and performance by it of this Trust Agreement; 
  
 (c) the Delaware Trustee is a national banking association duly organized,
validly existing and in good standing; 
  
 (d) the Delaware
Trustee has full corporate 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; 
  
 (e) this Trust Agreement has been duly authorized,
executed and delivered by the Property Trustee and the Delaware Trustee and constitutes the valid and legally binding agreement of each of the Property Trustee and the Delaware Trustee enforceable against each of them in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles; and 
  
 (f) the execution, delivery and performance of this Trust Agreement has been
duly authorized by all necessary corporate or other action on the part of the Property Trustee and the Delaware Trustee and does not require any approval of stockholders of the Property Trustee and the Delaware Trustee and such execution, delivery
and performance will not violate the Charter or By-laws of the Property Trustee or the Delaware Trustee. 
  
 Section 7.2 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 will
have been, duly and validly executed, issued and delivered by the Trustees pursuant to the terms and provisions of, and in accordance with the requirements of, this Trust Agreement and the Securityholders will be, as of each 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
Property Trustee or the Delaware Trustee, as the case may be, of this Trust Agreement. 
  

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 ARTICLE VIII 
 THE TRUSTEES 
  
 Section 8.1 Certain
Duties and Responsibilities. 
  
 (a) The rights, duties and
responsibilities of the Trustees shall be as provided by this Trust Agreement and, in the case of the Property Trustee, by the Trust Indenture Act. For purposes of Sections 315(a) and 315(c) of the Trust Indenture Act, the term “default”
is hereby defined to mean an Event of Default has occurred and is continuing. Notwithstanding the foregoing, no provision of this Trust Agreement shall require the Trustees to expend or risk their own funds or otherwise incur any financial liability
in the performance of any of their duties hereunder, or in the exercise of any of their rights or powers, if they 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. The Delaware Trustee shall have no liability under this Trust Agreement except for its gross negligence or willful misconduct. The Property Trustee shall have no liability under this Trust Agreement except for its
negligence or willful misconduct. 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. Nothing in this Trust Agreement shall be construed to release an Administrative Trustee from liability for its own gross negligent action, its own gross negligent failure to act, or its own willful misconduct. To the extent that, at
law or in equity, the Delaware Trustee or an Administrative Trustee has duties (including fiduciary duties) and liabilities relating thereto to the Trust or to the Securityholders, the Delaware Trustee or such Administrative 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 the Delaware
Trustee or the Administrative Trustees otherwise existing at law or in equity, are agreed by the Depositor and the Securityholders to replace such other duties and liabilities of the Administrative Trustees. 
  
 (b) All payments made by the Property Trustee or a Paying Agent in respect of
the Trust Securities shall be made only from the income and proceeds from the Trust Property and only to the extent that there shall be sufficient income or proceeds from the Trust Property to enable the Property Trustee or a Paying Agent to make
payments in accordance with the terms hereof. Each Securityholder, by its acceptance of a Trust Security, agrees that it will look solely to the income and proceeds from the Trust Property to the extent legally available for distribution to it as
herein provided and that the Trustees, their officers, directors, shareholders and agents 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 8.1(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. 
  

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 (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 the Responsible 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, (A) before the occurrence of any Event of Default and
after the curing of all Events of Default that may have occurred, to undertake to perform only such duties as are specifically set forth in this Trust Agreement and the Trust Indenture Act, and (B) in case an Event of Default has occurred (that has
not been cured or waived pursuant hereto), to exercise such of the rights and powers vested in it by this Trust Agreement, 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, subject to the protections and limitations on liability afforded to the Property Trustee under this Trust Agreement and the Trust Indenture Act; 
  
 (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 and except to the extent otherwise required by law; 
  
 (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 default, negligence or misconduct of the Administrative Trustees or the Depositor; 
  
 (vi) Notwithstanding anything contained in this Trust Agreement to the contrary, the duties and
responsibilities of the Property Trustee under this Trust Agreement shall be subject to the protections, exculpations and limitations on liability afforded to an indenture trustee under the provisions of the Trust Indenture Act. For the purposes of
Sections 315(b) and 315(d)(2) of the Trust Indenture Act, the term “responsible officer” is hereby defined as a Responsible Officer and the chairman or vice 

  

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chairman of the board of directors, the president, any vice president, the secretary, any assistant secretary, the treasurer, any assistant treasurer, the
cashier, any assistant cashier, any trust officer or assistant trust officer, the controller and any assistant controller of the Property Trustee, or any other officer of the Property Trustee customarily performing functions similar to those
performed by a Responsible Officer or any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of and familiarity with
the particular subject; and 
  
 (vii) 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 Property Trustee shall be subject to the provisions of this Section. 
  
 Section 8.2 Certain Notices. 
  
 Within five Business Days after the occurrence of any Event of Default
actually known to a Responsible Officer of the Property Trustee or, to the extent Section 315(b) of the Trust Indenture Act applies, 90 days after the occurrence of any default hereunder actually known to a Responsible Officer of the Property
Trustee, the Property Trustee shall transmit, in the manner and to the extent provided in Section 10.9, 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. 
  
 Within five Business Days after the
receipt of notice of the Depositor’s exercise of its right to defer the payment of interest on the Debentures pursuant to the Indenture, the Property Trustee shall transmit, in the manner and to the extent provided in Section 10.9, notice of
such exercise to the Securityholders and the Property Trustee, unless such exercise shall have been revoked. For the purpose of this Section 8.2, the term “default” means any event which is, or after notice or lapse of time or both would
become, an Event of Default. 
  
 Section 8.3 Certain Rights of Property
Trustee. 
  
 Subject to the provisions of Section 8.1:

  
 (a) the Property Trustee may conclusively rely and shall be
fully 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;

  

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 (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 any 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 Preferred Securityholders are entitled to vote under the terms of this 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 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 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 negligence or willful misconduct; 
  
 (c) any direction or act of the Depositor or the 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 Officers’ 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 any filing under tax or securities laws) or any rerecording, refiling or reregistration thereof; 
  
 (f) the Property Trustee may consult with counsel (which counsel may be
counsel to the Depositor or any of its Affiliates, and may include any of its employees) and the advice of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in
good faith and in reliance thereon and in accordance with such advice, such counsel may be counsel to the Depositor or any of its Affiliates, and may include any of its employees; 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 

  

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the Securityholders pursuant to this Trust Agreement, unless such Securityholders shall have offered to the Property Trustee security or indemnity
satisfactory to it 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 of indebtedness or other paper or document, unless requested in writing to do so by one or more Securityholders, but the Property Trustee
may make such further inquiry or investigation into such facts or matters as it may see fit; 
  
 (i) the Property Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through its agents or attorneys and the Property Trustee shall not be responsible for
any misconduct or negligence on the part of any such agent or attorney appointed with due care 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 fully protected in acting in accordance with such instructions; 
  
 (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; 
  
 (l) 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; 
  
 (m) the Property Trustee shall not be deemed to have notice or be charged with knowledge of any default or Event of Default unless the Property Trustee shall have received written notice thereof or a Responsible
Officer of the Property Trustee shall have received written notice thereof at the Corporate Trust Office of the Property Trustee 

  

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from the Depositor, any Administrative Trustee or a Holder or has actual knowledge thereof; 
  
 (n) the rights, privileges, protections, immunities and benefits given to the Property Trustee, including, without
limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Property Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder; 
  
 (o) the Property Trustee shall have no duty to see to any recording, filing
or registration of any instrument (including any financing or continuation statement or any filing under tax or securities laws) or any rerecording, refilling or re-registration thereof; and 
  
 (p) the Property Trustee may conclusively assume that any funds held by it
hereunder are legally available unless a Responsible Officer of the Property Trustee shall have received written notice from the Depositor, any Holder or any other Trustee that such funds are not legally available. 
  
 Section 8.4 Not Responsible for Recitals or Issuance of Securities. 
  
 The recitals contained herein and in the Trust Securities Certificates shall
be taken as the statements of the Trust, and the 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 8.5 May Hold Securities. 
  
 Except as provided in the definition of the term “Outstanding” in
Article I, any Trustee or any other agent of any Trustee or the Trust, in its individual or any other capacity, may become the owner or pledgee of Trust Securities and, subject to Sections 8.8 and 8.13, may otherwise deal with the Trust with the
same rights it would have if it were not a Trustee or such other agent. 
  
 Section 8.6 Compensation; Indemnity; Fees. 
  
 The Depositor agrees: 
  
 (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); 
  
 (b) except as otherwise expressly provided herein, to reimburse the Trustees
upon request for all reasonable expenses, disbursements and advances incurred or made by the Trustees in accordance with any provision of this Trust Agreement (including the reasonable compensation and the expenses and disbursements of their agents
and 

  

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counsel), except any such expense, disbursement or advance as may be attributable to its negligence or willful misconduct (or, in the case of the
Administrative Trustees or the Delaware Trustee, any such expense, disbursement or advance as may be attributable to its, his or her gross negligence); and 
  
 (c) to the fullest extent permitted by applicable law, to indemnify and hold harmless (i) each Trustee (and any predecessor Trustee), (ii) any Affiliate
of any Trustee, (iii) any officer, director, shareholder, employee, representative or agent of any Trustee, and (iv) any employee or agent of the Trust or its Affiliates, (referred to herein as an “Indemnified Person”) from and against any
loss, damage, liability, tax, penalty, expense or claim of any kind or nature whatsoever incurred by such Indemnified Person in connection with the creation, operation or termination of the Trust or any act or omission performed or omitted by such
Indemnified Person on behalf of the Trust, except that no Indemnified Person shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Indemnified Person by reason of gross negligence or willful misconduct with
respect to such acts or omissions. 
  
 The provisions of this
Section 8.6 shall survive the termination of this Trust Agreement for any reason or the termination, resignation or removal of any Trustee. 
  
 In addition to and without prejudice to its rights hereunder, when the Property Trustee incurs expenses or renders services in connection with a
Bankruptcy Event, the expenses and the compensation for the services are intended to constitute expenses of administration under any applicable federal or state bankruptcy, receivership, insolvency or similar law. 
  
 “Property Trustee” for the purposes of this Section shall include
any predecessor Property Trustee; provided, however, that the negligence, willful misconduct or bad faith of any Property Trustee hereunder shall not affect the rights of any other Property Trustee hereunder. 
  
 No Trustee may claim any Lien or charge on any Trust Property as a result of
any amount due pursuant to this Section 8.6. 
  
 The Depositor and
any Trustee may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Trust, and the Trust and the Holders of Trust Securities shall have
no rights by virtue of this Trust Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Trust, shall not be deemed wrongful or
improper. Neither the Depositor, nor any Trustee, shall be obligated to present any particular investment or other opportunity to the Trust even if such opportunity is of a character that, if presented to the Trust, could be taken by the Trust, and
the Depositor or any Trustee shall have the right to take for its own account (individually or as a partner or 

  

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fiduciary) or to recommend to others any such particular investment or other opportunity. Any Trustee may engage or be interested in any financial or other
transaction with the Depositor or any Affiliate of the Depositor, or may act as depository for, trustee or agent for, or act on any committee or body of holders of, securities or other obligations of the Depositor or its Affiliates. 
  
 Section 8.7 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 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, 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, it shall resign immediately in the
manner and with the effect hereinafter specified in this Article. 
  
 (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 person who is at least 21 years of age or a legal entity that shall
act through one or more persons authorized to bind that entity. 
  
 (c) There shall at all times be a Delaware Trustee with respect to the Trust Securities. The Delaware Trustee shall either be (i) a natural person who is at least 21 years of age and a resident of the State of Delaware or (ii) a legal
entity with its principal place of business in the State of Delaware and that otherwise meets the requirements of applicable Delaware law that shall act through one or more persons authorized to bind such entity. 
  
 Section 8.8 Conflicting Interests. 
  
 If the Property Trustee has or shall acquire a conflicting interest within
the meaning of Section 310(b) of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, Section 310(b) of the Trust Indenture Act
and this Trust Agreement; provided, however, that there shall be excluded from the operation of Section 310(b)(1) of the Trust Indenture Act (i) the Guarantee and (ii) any indenture or indentures under which other securities or certificates of
interest or participation in other securities of the Trust or the Depositor are outstanding if the requirements for such exclusion set forth in Section 310(b)(1) of the Trust Indenture Act are met. Nothing herein shall preclude the 

  

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Property Trustee from submitting an application or applications contemplated by the second to the last paragraph of Section 310(b) of the Trust Indenture
Act. 
  
 Section 8.9 Co-Trustees and Separate Trustee. 
  
 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 or of any jurisdiction in which any part of the Trust Property may at the time be located, the Depositor and the Administrative Trustees, by agreed action of
the majority of such Trustees, shall have power to appoint, and upon the written request of the Administrative Trustees, the Depositor shall for such purpose join with the Administrative Trustees 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. 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 shall satisfy the requirements of Section 8.7. 
  
 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, on request, be executed, acknowledged and delivered by the
Depositor. 
  
 Every co-trustee or separate trustee shall, to the
extent permitted by law, but to such extent only, be appointed subject to the following terms, namely: 
  
 (a) The Trust Securities shall be executed 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. 
  
 (b) The rights, powers, duties, and obligations hereby conferred or imposed
upon the Property Trustee in respect of any property covered by such appointment shall be conferred or imposed upon and exercised or performed by the Property Trustee or by the Property Trustee and such co-trustee or separate trustee jointly, as
shall be provided in the instrument appointing such co-trustee or separate trustee, except to the extent that under any law of any jurisdiction in which any particular act is to be performed, the 

  

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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. 
  
 (c) 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, and, in case a
Debenture Event of Default has occurred and is continuing, the Property Trustee shall have power to accept the resignation of, or remove, any such co-trustee or separate trustee without the concurrence of the 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. 
  
 (d) 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. 
  
 (e) The Trustees shall not be liable by reason of
any act or omission of a co-trustee or separate trustee. 
  
 (f)
Any Act of Holders delivered to the Property Trustee shall be deemed to have been delivered to each such co-trustee and separate trustee. 
  
 Section 8.10 Resignation and Removal; Appointment of Successor. 
  
 No resignation or removal of any Trustee (the “Relevant Trustee”) and no appointment of a successor Relevant Trustee pursuant to this Article
shall become effective until the acceptance of appointment by the successor Relevant Trustee in accordance with the applicable requirements of Section 8.11. 
  
 Subject to the immediately preceding paragraph, the Relevant Trustee may resign at any time by giving written notice thereof to the Securityholders. If
the instrument of acceptance by the successor Relevant Trustee required by Section 8.11 shall not have been delivered to the Relevant Trustee within 30 days after the giving of such notice of resignation, the resigning Relevant Trustee may petition,
any court of competent jurisdiction for the appointment of a successor Relevant Trustee. 
  
 Unless a Debenture Event of Default shall have occurred and be continuing, any Trustee may be removed at any time by Act of the Common Securityholder. If a Debenture Event of Default shall have occurred and be
continuing, the Property Trustee or the Delaware Trustee, or both of them, may be removed at such time by Act of the Holders of a majority in Liquidation Amount of the Preferred Securities, delivered to the 

  

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Relevant Trustee (in its individual capacity and on behalf of the Trust). An Administrative Trustee may be removed by the Common Securityholder at any time.

  
 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 Common Securityholder, by Act of the Common Securityholder delivered
to the retiring Trustee, shall promptly appoint a successor Trustee or Trustees, and the retiring Trustee shall comply with the applicable requirements of Section 8.11. If the Property Trustee or the Delaware Trustee shall resign, be removed or
become incapable of continuing to act as the Property Trustee or the Delaware Trustee, as the case may be, at a time when a Debenture Event of Default shall have occurred and be continuing, the Preferred Securityholders, by Act of the
Securityholders of a majority in Liquidation Amount of the Preferred Securities then Outstanding delivered to the retiring Relevant Trustee, shall promptly appoint a successor Relevant Trustee or Trustees, and such successor Trustee shall comply
with the applicable requirements of Section 8.11. 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
Common Securityholder by Act of the Common Securityholder delivered to the Administrative Trustee shall promptly appoint a successor Administrative Trustee or Administrative Trustees and such successor Administrative Trustee or Trustees shall comply
with the applicable requirements of Section 8.11. If, more than one year after the occurrence of such vacancy, no successor Relevant Trustee shall have been so appointed by the Common Securityholder or the Preferred Securityholders and accepted
appointment in the manner required by Section 8.11, any Securityholder who has been a Securityholder of Trust Securities for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Relevant Trustee. 
  
 The resigning Trustee shall give notice of its resignation or removal and the appointment of a successor Trustee to all Securityholders in the manner provided in Section 10.9 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. 
  
 Notwithstanding the foregoing or any other provision of this Trust Agreement, in the event any Administrative Trustee or a Delaware 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 Delaware Trustee, as the case may be, set forth in Section 8.7).

  

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 Section 8.11 Acceptance of Appointment by Successor. 
  
 In case of the appointment hereunder of a successor Trustee such successor
Trustee so appointed shall execute, acknowledge and deliver to the Trust and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor
Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Depositor or the successor Trustee, such retiring Trustee shall, upon
payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and if the Property Trustee is the resigning Trustee shall duly assign, transfer and deliver
to the successor Trustee all property and money held by such retiring Property Trustee hereunder. 
  
 In case of the appointment hereunder of a successor Relevant Trustee, the retiring Relevant Trustee and each successor Relevant Trustee with respect to
the Trust Securities shall execute and deliver an amendment hereto wherein each successor Relevant Trustee shall accept such appointment and which (a) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and
to vest in, each successor Relevant Trustee all the rights, powers, trusts and duties of the retiring Relevant Trustee with respect to the Trust Securities and the Trust and (b) shall add to or change any of the provisions of this Trust Agreement as
shall be necessary to provide for or facilitate the administration of the Trust by more than one Relevant Trustee, it being understood that nothing herein or in such amendment shall constitute such Relevant Trustees co-trustees and upon the
execution and delivery of such amendment the resignation or removal of the retiring Relevant Trustee shall become effective to the extent provided therein and each such successor Relevant Trustee, without any further act, deed or conveyance, shall
become vested with all the rights, powers, trusts and duties of the retiring Relevant Trustee; but, on request of the Trust or any successor Relevant Trustee such retiring Relevant Trustee shall duly assign, transfer and deliver to such successor
Relevant Trustee all Trust Property, all proceeds thereof and money held by such retiring Relevant Trustee hereunder with respect to the Trust Securities and the Trust. 
  
 Upon request of any such successor Relevant Trustee, the Trust shall execute any and all instruments for more fully and
certainly vesting in and confirming to such successor Relevant Trustee all such rights, powers and trusts referred to in the first or second preceding paragraph, as the case may be. 
  
 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. 
  

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 Section 8.12 Merger, Conversion, Consolidation or Succession to Business. 
  
 Any Person into which the Property Trustee or the Delaware Trustee may be
merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which such Relevant Trustee shall be a party, or any Person succeeding to all or substantially all the corporate trust
business of such Relevant Trustee, shall be the successor of such Relevant Trustee hereunder, provided such Person shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the
part of any of the parties hereto. 
  
 Section 8.13 Preferential Collection of
Claims Against Depositor or Trust. 
  
 In case of the
pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other similar judicial proceeding relative to the Trust or any other obligor upon the Trust Securities or the property of the
Trust or of such other obligor or their creditors, the Property Trustee (irrespective of whether any Distributions on the Trust Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether
the Property Trustee shall have made any demand on the Trust for the payment of any past due Distributions) shall be entitled and empowered, to the fullest extent permitted by law, by intervention in such proceeding or otherwise: 
  
 (a) to file and prove a claim for the whole amount of any Distributions owing
and unpaid in respect of the Trust Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Property Trustee (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Property Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and 
  
 (b) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver,
assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Property Trustee and, in the event the Property Trustee shall consent to the
making of such payments directly to the Holders, to pay to the Property Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Property Trustee, its agents and counsel, and any other amounts due the
Property Trustee. 
  
 Nothing herein contained shall be deemed to
authorize the Property Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement adjustment or compensation affecting the Trust Securities or the rights of any Holder thereof or to
authorize the Property Trustee to vote in respect of the claim of any Holder in any such proceeding. 
  

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 Section 8.14 Reports by Property Trustee. 
  
 (a) Not later than              of each year commencing
with             , if required by Section 313(a) of the Trust Indenture Act, the Property Trustee shall transmit a brief report dated as of such
             with respect to any of the events specified in Section 313(a) of the Trust Indenture Act that may have occurred since the later of the date of this Trust Agreement or
the preceding             . 
  
 (b) The Property Trustee shall transmit to Holders the reports required by Section 313(b) of the Trust Indenture Act at the times specified therein. 
  
 (c) Reports pursuant to this Section shall be transmitted in the manner and to the Persons required by Section 313(c) and
(d) of the Trust Indenture Act. 
  
 Section 8.15 Reports to the Property
Trustee. 
  
 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 any) and the compliance certificate required by Section 314(a) of the Trust Indenture Act in
the form, in the manner and at the times required by Section 314 of the Trust Indenture Act. The Depositor shall provide to the Property Trustee such documents, reports and information as required by Section 312(a) of the Trust Indenture Act in the
form, in the manner and at the times required by Section 312(a) of the Trust Indenture Act. The Depositor shall give prompt written notice to the Property Trustee and any Paying Agent of (i) any Bankruptcy Event, (ii) any Event of Default or any
event which is, or after notice or passage of time would be, a default hereunder, and any cure or waiver of such Event of Default or default, and (iii) if and when the Preferred Securities are listed on any stock exchange. Delivery of such
documents, reports and information is for information purposes only and the Property Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein,
including compliance with any covenants hereunder (as to which the Property Trustee is entitled to rely exclusively on an Officers’ Certificate). 
  
 Section 8.16 Evidence of Compliance with Conditions Precedent. 
  
 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. 
  

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 Section 8.17 Number of Trustees. 
  
 (a) The number of Trustees shall be [five], provided that the Holder of all of the Common Securities by written instrument
may increase or decrease the number of Administrative Trustees. The Property Trustee and the Delaware Trustee may be the same Person. 
  
 (b) If a Trustee ceases to hold office for any reason and the number of Administrative Trustees is not reduced pursuant to Section 8.17(a), or if the
number of Trustees is increased pursuant to Section 8.17(a), a vacancy shall occur. The vacancy shall be filled with a Trustee appointed in accordance with Section 8.10. 
  
 (c) The death, resignation, retirement, removal, bankruptcy, incompetence or incapacity to perform the duties of a Trustee
shall not operate to dissolve, terminate 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 8.10, the
Administrative Trustees in office, regardless of their number (and notwithstanding any other provision of this Trust 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 8.18 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), including any registration statement or amendment thereto
filed with the Commission, or making any other governmental filing; 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. 
  

 -50- 

 ARTICLE IX 
 TERMINATION, LIQUIDATION AND MERGER. 
  
 Section 9.1 Termination Upon Expiration Date 
  
 Unless earlier terminated, the Trust shall automatically terminate on              (the “Expiration Date”), following the distribution of the Trust Property in
accordance with Section 9.4. 
  
 Section 9.2 Early Termination. 

 
 The first to occur of any of the following events is an “Early
Termination Event”: 
  
 (a) the occurrence of a Bankruptcy
Event in respect of, or the dissolution or liquidation of, the Holder of the Common Securities; 
  
 (b) the written direction to the Property Trustee from the Depositor as the holder of the Common Securities at any time to terminate the Trust and
distribute Debentures to Securityholders in exchange for the Preferred Securities (which, except as set forth in this Section 4.2, direction is optional and wholly within the discretion of the Depositor); 
  
 (c) the redemption of all of the Preferred Securities in connection with the
redemption of all the Debentures; and 
  
 (d) the entry of an
order for dissolution of the Trust by a court of competent jurisdiction. 
  
 Notwithstanding the preceding, any Early Termination Event as set forth in Sections (b) and (c) shall be subject to the Depositor obtaining prior approval from the Federal Reserve if then required under applicable
capital adequacy guidelines, regulations or policies of the Federal Reserve. The determination of whether approval shall be required by the Federal Reserve shall be made by the Depositor. 
  
 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, or upon the redemption of all of
the Trust Securities pursuant to Section 4.2, 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; and (c) the discharge of all administrative duties
of the Administrative Trustees, including the 

  

 -51- 

 
performance of any tax reporting obligations with respect to the Trust or the Securityholders. 
  
 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 as expeditiously as the Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provision for the payment 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 later 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 will no longer be deemed to be Outstanding and any Trust
Securities Certificates not surrendered for exchange will be deemed to represent a Like Amount of 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 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 will no longer be deemed to be Outstanding,
(ii) certificates representing a Like Amount of Debentures will be issued to Holders of Trust Securities Certificates, upon surrender of such certificates to the Administrative Trustees or their agent for exchange, (iii) the Depositor shall use its
best efforts to have the Debentures listed on the New York Stock Exchange or on such other exchange, interdealer quotation system or self-regulatory organization as the Preferred Securities are then listed or traded, (iv) any Trust Securities
Certificates not so surrendered for exchange will 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 

  

 -52- 

 
Trust Securities Certificates until such certificates are so surrendered (and until such certificates are so surrendered, no payments of interest or
principal will be made to Holders of Trust Securities Certificates with respect to such Debentures) and (v) all rights of Securityholders holding Trust Securities will 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 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 Trustee in such manner as the Property Trustee determines. In such event, on the date of the
dissolution, winding-up or other termination of the Trust, Securityholders will 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, winding up or termination, 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 will be entitled to receive Liquidation Distributions upon any such dissolution,
winding-up or termination pro rata (determined as aforesaid) with Holders of Preferred Securities, except that, if a Debenture Event of Default has occurred and is continuing, the 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 body, 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 Preferred Securities, the Property Trustee or the Delaware Trustee, the Trust may merge with or into, consolidate, amalgamate, or 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 (i) such successor entity either (a) expressly assumes all of the obligations of the Trust with respect to the
Preferred Securities or (b) substitutes for the Preferred Securities other securities having substantially the same terms as the Preferred Securities (the “Successor Securities”) so long as the Successor Securities rank the same as the
Preferred Securities rank in priority with respect to distributions and payments upon liquidation, redemption and otherwise, 

  

 -53- 

 
(ii) the Depositor expressly appoints a trustee of such successor entity possessing the same powers and duties as the Property Trustee as the holder of the
Debentures, (iii) the Successor Securities are listed or traded, or any Successor Securities will be listed upon notification of issuance, on any national securities exchange or other organization on which the Preferred Securities are then listed or
traded, if any, (iv) such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease does not cause the Preferred Securities (including any Successor Securities) to be downgraded by any nationally recognized statistical rating
organization, (v) such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease does not adversely affect the rights, preferences and privileges of the Holders of the Preferred Securities (including any Successor Securities)
in any material respect, (vi) such successor entity has a purpose identical to that of the Trust, (vii) prior to such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease, the Depositor has received an Opinion of Counsel
to the effect that (a) such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease does not adversely affect the rights, preferences and privileges of the Holders of the Preferred Securities (including any Successor
Securities) in any material respect, and (b) following such merger, consolidation, amalgamation, replacement, conveyance, transfer or lease, neither the Trust nor such successor entity will be required to register as an investment company under the
1940 Act and (viii) 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 Guarantee. Notwithstanding the
foregoing, the Trust shall not, except with the consent of Holders of 100% in Liquidation Amount of the 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 entity or permit any other entity to consolidate, amalgamate, merge with or into, or replace it if such consolidation, amalgamation, merger, replacement, conveyance, transfer or lease would cause the Trust
or the successor entity to be classified as an association taxable as a corporation or 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, incapacity, liquidation,
dissolution, termination or bankruptcy 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. 
  

 -54- 

 Section 10.2 Liability of the Holder of Common Securities. 
  
 Pursuant to Section 3808 of the Delaware Statutory Trust Act, the Holder of
Common Securities shall be liable for the debts and obligations of the Trust as set forth in the Expense Agreement, which is made a part hereof. 
  
 Section 10.3 Amendment. 
  
 (a) This Trust Agreement may be amended from time to time by the Property Trustee, the Administrative Trustees and the Depositor, without the consent of
any Securityholders, (i) 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, which shall not be inconsistent with the other provisions of this Trust Agreement, or (ii) to modify, eliminate or add to any provisions of this Trust Agreement to such extent as shall be necessary to ensure that the Trust will not be
classified for United States Federal income tax purposes as an association taxable as a corporation or as other than a grantor trust at all times that any Trust Securities are outstanding or to ensure that the Trust will not be required to register
as an investment company under the 1940 Act; provided, however, that in the case of clauses (i) or (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. 
  
 (b) Except as provided in Section 10.3(c) hereof, any provision of this Trust Agreement may be amended by the Trustees and the Depositor with (i) the consent of Trust Securityholders representing not less than a
majority (based upon Liquidation Amounts) of the Trust Securities then Outstanding and (ii) 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 will not affect the Trust’s status as a grantor trust or cause the Trust to be an association taxable as a corporation for United States Federal income tax purposes or the Trust’s exemption from status of an investment
company under the 1940 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 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 10.3 may not be amended. 
  

 -55- 

 (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 1940 Act or cause the Trust to be classified as an association taxable as a corporation
or not to be a grantor trust for United States Federal income tax purposes. 
  
 (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) Neither the Property Trustee nor the Delaware Trustee shall be required to enter into any amendment to this Trust Agreement which affects its own
rights, duties or immunities under this Trust Agreement. The Property Trustee shall be entitled to receive and shall be fully protected in relying upon an Opinion of Counsel and an Officers’ Certificate stating that any amendment to this Trust
Agreement is in compliance with this Trust Agreement. 
  
 Section 10.4
Separability. 
  
 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 10.5 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. THE
PROVISIONS OF SECTIONS 3540 AND 3561 OF TITLE 12 THE DELAWARE CODE ANNOTATED SHALL NOT APPLY TO THE TRUST. 
  
 Section 10.6 Payments Due on Non-Business Day. 
  
 If the date fixed for any payment on any Trust Security shall be a day that is not a Business Day, then such payment need not be made on such date but may be made on the next succeeding day that is a Business Day
(except as otherwise provided in 

  

 -56- 

 
Sections 4.1(a) and 4.2(d)), with the same force and effect as though made on the date fixed for such payment, and no interest shall accrue thereon for the
period after such date. 
  
 Section 10.7 Successors. 
  
 This Trust Agreement shall be binding upon and shall inure to the benefit of
any successor to the Depositor, the Trust and the Relevant Trustee, including any successor by operation of law. Except in connection with a consolidation, merger or sale involving the Depositor that is permitted under Article Eight 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 10.8 Headings. 
  
 The Article and Section headings are for convenience only and shall not affect the construction of this Trust Agreement. 
  
 Section 10.9 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 Preferred Securityholder, to such Preferred Securityholder as such Securityholder’s name and address may appear on the Securities Register; and (b) in the case of the Common
Securityholder or the Depositor, to 120 Kearny Street, San Francisco, California 94108, Attention: Corporate Secretary, facsimile no.: (415)             . Such notice, demand or
other communication to or upon a 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 Property Trustee, the Delaware 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 its Corporate Trust Office; (b) with respect to the Delaware Trustee, to Chase Manhattan Bank USA, National Association, 500 Stanton Christiana Road, OPS4/3rd Floor, Newark, Delaware 19713, Attention: Institutional Trust Services; and (c)
with respect to the Administrative Trustees, to them at the address above for notices to the Depositor, marked “Attention Administrative Trustees of Schwab Capital Trust
            .” Such notice, demand or other communication to or upon the Trust or the Property Trustee shall be deemed to have been sufficiently given or made only upon
actual receipt of the writing by the Trust or the Property Trustee. 
  

 -57- 

 Section 10.10 Agreement Not to Petition. 
  
 Each of the Trustees and the Depositor agree 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) (collectively, “Bankruptcy Laws”) or otherwise join in the commencement of any proceeding against the Trust under any Bankruptcy Law. In the event the Depositor takes action in violation of this Section
10.10, the Property Trustee agrees, for the benefit of Securityholders, that at the expense of the Depositor, it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such petition by the Depositor against the
Trust or the commencement of such action and raise the defense that the Depositor has agreed in writing not to take such action and should be stopped and precluded therefrom and such other defenses, if any, as counsel for the Trustee or the Trust
may assert. The provisions of this Section 10.10 shall survive the termination of this Trust Agreement. 
  
 Section 10.11 Trust Indenture Act; Conflict with Trust Indenture Act. 
  
 (a) This Trust Agreement is subject to the provisions of the Trust Indenture Act that are required or deemed to be part of this Trust Agreement and shall,
to the extent applicable, be governed by such provisions. 
  
 (b)
The Property Trustee shall be the only Trustee which is a trustee for the purposes of the Trust Indenture Act. 
  
 (c) If any provision hereof limits, qualifies or conflicts with another provision hereof which is required or deemed to be included in this Trust
Agreement by any of the provisions of the Trust Indenture Act, such required or deemed 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 excluded, as the case may be. 
  
 (d) 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 10.12 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 

  

 -58- 

 
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. 
  

 -59- 

 IN WITNESS WHEREOF, the parties hereof have entered into this Trust Agreement as of the date first above
written. 
  

			
	THE CHARLES SCHWAB CORPORATION
		
	 By:
	 	 
	 	 	

	 	 	 Name:

	 	 	 Title:

  

			
	 JPMORGAN CHASE BANK,
 as Property Trustee

		
	 By:
	 	 
	 	 	

	 	 	 Name:

	 	 	 Title:

  
  

			
	 CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
 as Delaware Trustee

		
	 By:
	 	 
	 	 	

	 	 	 Name:

	 	 	 Title:

  

			
		
	 	 	 
	

	 	 	as Administrative Trustee

  

			
		
	 	 	 
	

	 	 	as Administrative Trustee

  

			
		
	 	 	 
	

	 	 	as Administrative Trustee

  

 -60- 

 EXHIBIT A 
  

CERTIFICATE OF TRUST 
  

 EXHIBIT B 
  

Form Of 
  
 COMMON SECURITY CERTIFICATE 
  
 THIS CERTIFICATE IS NOT TRANSFERABLE 
  
 Certificate Evidencing Common Securities 
  
 of SCHWAB CAPITAL TRUST              
  
 [    ]% Trust Common Securities 
  
 (Liquidation Amount $             per Common Security) 
  
 Schwab Capital Trust         , a statutory trust formed under the laws of the
State of Delaware (the “Trust”), hereby certified that The Charles Schwab Corporation, a Delaware corporation (the “Holder”), is the registered owner of
                     (            ) common securities of the Trust
representing undivided beneficial interests in the assets of the Trust designated the [        ]% Trust Common Securities (the “Common Securities”) (liquidation amount of
$             per Common Security). In accordance with Section 5.10 of the Trust Agreement (as defined below), the Common Securities are not transferable and any attempted transfer
hereof shall be void. The designations, rights, privileges, restrictions, preferences and other terms and provisions of the Common Securities represented hereby are issued and shall in all respects be subject to the provisions of the Amended and
Restated Trust Agreement dated as of                              , 200  , as
the same may be amended from time to time (the “Trust Agreement”). Capitalized terms used herein but not defined shall have the meaning given to them in the Trust Agreement. The Trust will provide a copy of the Trust Agreement to a Holder
without charge upon written request to the Trust at its principal place of business. 
  
 Upon receipt of this certificate, the Holder is bound by the Trust Agreement and is entitled to the benefits thereunder. 
  
 IN WITNESS WHEREOF, the Trust has executed this certificate this              day of
            , 200  . 
  

	
	
	 
	

	 

  

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

 PLEASE INSERT SOCIAL SECURITY 
 OR OTHER IDENTIFYING NUMBER OF ASSIGNEE: 
  
  

 PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS 
 INCLUDING ZIP CODE OF ASSIGNEE: 

 
 the within Common Security and all rights thereunder, hereby irrevocably
constituting and appointing attorney to transfer said Common Security on the Security Register of the Trust, with full power of substitution in the premises. 
  

If an individual:
                                        
                             
  
 If executed by an entity (list entity):
                                        
         
  

			
		
	By:	 	 
	 	 	

	 	 	 Title:

	 	 	 Print Name:

  
 NOTICE: The signature
to this assignment must correspond with the name as written upon the face of this Common Security in every particular, without alteration or enlargement or any change whatever. 
  

 -2- 

 EXHIBIT C 
  

EXPENSE AGREEMENT 
  
 This Expense Agreement, dated as of
                             , 200  , is between The Charles Schwab
Corporation, a Delaware corporation (the “Corporation”), and Schwab Capital Trust         , a Delaware statutory business trust (the “Trust”). 
  
 Whereas, the Trust intends to issue its Common Securities (the “Common
Securities”) to and receive Debentures from the Corporation and to issue and sell             % Cumulative Trust Preferred Securities (the “Preferred Securities”) with
such powers, preferences and special rights and restrictions as are set forth in the Amended and Restated Trust Agreement of the Trust, dated as of
                             , 200  , as the same may be amended from time to
time (the “Trust Agreement”); 
  
 Whereas, the
Corporation will directly or indirectly own all of the Common Securities of the Trust and will issue the Debentures; 
  
 Now, Therefore, in consideration of the purchase by each holder of the Preferred Securities, which purchase the Corporation hereby agrees shall benefit
the Corporation and which purchase the Corporation acknowledges will be made in reliance upon the execution and delivery of this Agreement, the Corporation and Trust hereby agree as follows: 
  
 ARTICLE I 
  
 Section 1.1. Guarantee by the Corporation. 
  
 Subject to the terms and conditions hereof, the Corporation hereby irrevocably and unconditionally guarantees to each person
or entity to whom the Trust is now or hereafter becomes indebted or liable (the “Beneficiaries”) the full payment, when and as due, of any and all Obligations (as hereinafter defined) to such Beneficiaries. As used herein,
“Obligations” means any costs, expenses or liabilities of the Trust, other than obligations of the Trust to pay to holders of any Preferred Securities, the Common Securities or other similar interests in the Trust the amounts due such
holders pursuant to the terms of the Preferred Securities, the Common Securities or such other similar interests, as the case may be. This Agreement is intended to be for the benefit of, and to be enforceable by, all such Beneficiaries, whether or
not such Beneficiaries have received notice hereof. 
  

 Section 1.2. Term of Agreement. 
  
 This Agreement shall terminate and be of no further force and effect upon the later of (a) the date on which full payment
has been made of all amounts payable to all holders of all the Preferred Securities (whether upon redemption, liquidation, exchange or otherwise) and (b) the date on which there are no Beneficiaries remaining; provided, however, that this Agreement
shall continue to be effective or shall be reinstated, as the case may be, if at any time any holder of Preferred Securities or any Beneficiary must restore payment of any sums paid under the Preferred Securities, under any Obligation, under the
Guarantee Agreement dated the date hereof by the Corporation and JPMorgan Chase Bank, as guarantee trustee, or under this Agreement for any reason whatsoever. This Agreement is continuing, irrevocable, unconditional and absolute. 
  
 Section 1.3. Waiver of Notice. 
  
 The Corporation hereby waives notice of acceptance of this Agreement and of
any Obligation to which it applies or may apply, and the Corporation hereby waives presentment, demand for payment, protest, notice of nonpayment, notice of dishonor, notice of redemption and all other notices and demands. 
  
 Section 1.4. No Impairment. 
  
 The obligations, covenants, agreements and duties of the Corporation under
this Agreement shall in no way be affected or impaired by reason of the happening from time to time of any of the following: 
  

	 	(a)	the extension of time for the payment by the Trust of all or any portion of the Obligations or for the performance of any other obligation under, arising out of, or in connection
with, the Obligations; 

  

	 	(b)	any failure, omission, delay or lack of diligence on the part of the Beneficiaries to enforce, assert or exercise any right, privilege, power or remedy conferred on the
Beneficiaries with respect to the Obligations or any action on the part of the Trust granting indulgence or extension of any kind; or 

  

	 	(c)	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. There shall be no obligation of the Beneficiaries to give notice to, or obtain the consent of, the Corporation
with respect to the happening of any of the foregoing. 

  

 -2- 

 Section 1.5. Enforcement. 
  
 A Beneficiary may enforce this Agreement directly against the Corporation and the Corporation waives any right or remedy to
require that any action be brought against the Trust or any other person or entity before proceeding against the Corporation. 
  
 Section 1.6. Subrogation. 
  
 The Corporation shall be subrogated to all (if any) rights of the Trust in respect of any amounts paid to the Beneficiaries by the Corporation under this
Agreement; provided, however, that the Corporation shall not (except to the extent required by mandatory provisions of law) be entitled to enforce or exercise any rights which it may acquire by way of subrogation or any indemnity, reimbursement or
other agreement, in all cases as a result of payment under this Agreement, if, at the time of any such payment, any amounts are due and unpaid under this Agreement. 
  
 ARTICLE II 
  
 Section 2.1. Binding Effect. 
  
 All guarantees and agreements contained in this Agreement shall bind the successors, assigns, receivers, trustees and representatives of the Corporation
and shall inure to the benefit of the Beneficiaries. 
  
 Section 2.2. Amendment. 
  
 So long as there
remains any Beneficiary or any Preferred Securities of any series are outstanding, this Agreement shall not be modified or amended in any manner adverse to such Beneficiary or to the holders of the Preferred Securities. 
  
 Section 2.3. Notices. 
  
 Any notice, request or other communication required or permitted to be given
hereunder shall be given in writing by delivering the same against receipt therefor by facsimile transmission (confirmed by mail), telex or by registered or certified mail, addressed as follows (and if so given, shall be deemed given when mailed or
upon receipt of an answer-back, if sent by telex): 
  
 Schwab
Capital Trust              
 c/o Chase Manhattan Bank USA, National
Association 
 500 Stanton Christiana Road 
 OPS 4/3rd Floor 
 Newark, Delaware 19713 
 Facsimile No.                  
 Attention: Institutional Trust Services 
  

 -3- 

 The Charles Schwab Corporation 
 120 Kearny Street 
 San Francisco, California
94108 
 Facsimile No.: (415) 627-7000 
 Attention: Corporate Secretary 
  
 Section 2.4. THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA. 
  
 This Agreement is executed as of the day and year first above written. 
  

			
	 The Charles Schwab Corporation

		
	 By:
	 	 
	 	 	

	 	 	 Name:

	 	 	 Title:

  

			
	 Schwab Capital Trust             

		
	 By:
	 	 
	 	 	

	 	 	 Name:

	 	 	 Administrative Trustee

  

 -4- 

 EXHIBIT D 
  

Form of 
  
 PREFERRED SECURITY CERTIFICATE 
  
 This Preferred Security is a Global Certificate within the meaning of the Trust Agreement hereinafter referred to and is registered in the name of The Depository Trust Company (the “Depository”) or a nominee
of the Depository. This Preferred Security is exchangeable for Preferred Securities registered in the name of a person other than the Depository or its nominee only in the limited circumstances described in the Trust Agreement and no transfer of
this Preferred Security (other than a transfer of this Preferred Security as a whole by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository) may be registered except
in limited circumstances. 
  
 Unless this Preferred Security is
presented by an authorized representative of The Depository Trust Company (55 Water Street, New York) to Schwab Capital Trust              or its agent for registration of
transfer, exchange or payment, and any Preferred Security issued is registered in the name of Cede & Co. or such other name as requested by an authorized representative of The Depository Trust Company, and any payment hereon is made to Cede
& Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 
  

			
	Certificate Number             	 	             Preferred Securities
		
	CUSIP NO.         	 	 

  
 Certificate Evidencing
Preferred Securities 
  
 of 
  
 Schwab Capital Trust
             
  
             % Preferred Securities, Series          
  
 (liquidation amount $25 per Preferred Security) 
  
 Schwab Capital Trust
            , a statutory trust formed under the laws of the State of Delaware (the “Trust”), hereby certifies that Cede & 

  

 
Co. (the “Holder”) is the registered owner of              preferred
securities of the Trust representing an undivided beneficial interest in the assets of the Trust and designated the Schwab Capital Trust             % Preferred Securities,
Series              (liquidation amount $25 per Preferred Security) (the “Preferred Securities”). The Preferred Securities are transferable on the books and records
of the Trust, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer as provided in Section 5.4 of the Trust Agreement (as defined below). The designations, rights, privileges,
restrictions, preferences and other terms and provisions of the Preferred Securities are set forth in, and this certificate and the Preferred Securities represented hereby are issued and shall in all respects be subject to the terms and provisions
of, the Amended and Restated Trust Agreement of the Trust, dated as of             , as the same may be amended from time to time (the “Trust Agreement”), including
the designation of the terms of Preferred Securities as set forth therein. The Holder is entitled to the benefits of the Guarantee Agreement, dated as of              (the
“Guarantee”), entered into by The Charles Schwab Corporation, a Delaware corporation, and JPMorgan Chase Bank, as guarantee trustee, to the extent provided therein. The Trust will furnish a copy of the Trust Agreement and the Guarantee to
the Holder without charge upon written request to the Trust at its principal place of business or registered office. 
  
 Upon receipt of this certificate, the Holder is bound by the Trust Agreement and is entitled to the benefits thereunder. 
  
 IN WITNESS WHEREOF, one of the Administrative Trustees of the Trust has
executed this certificate the             th day of             . 
  

	
	
	 
	

	 

  

 -2- 

 The following abbreviations, when used in the inscription on the face of this instrument, shall be
construed as though they were written out in full according to applicable laws or regulations. 
  
 TEN COM—as tenants in common 
  
 TEN ENT—as tenants by the entireties 
  
 JT
TEN—as joint tenants with right if survivorship and not as tenants in common 
  

			
	UNIF GIFT MIN ACT—	 	Custodian
		
	 	 	(Cust)                            (Minor)
		
	 	 	Under Uniform Gifts to Minors Act
		
	 	 	(State)

  
 Additional
abbreviations may also be used though not in the above list. 
  
 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto: 
  
  

 PLEASE INSERT SOCIAL SECURITY 
 OR OTHER IDENTIFYING NUMBER OF ASSIGNEE: 
  
  

 PLEASE PRINT OR TYPEWRITE
NAME AND ADDRESS 
 INCLUDING ZIP CODE OF ASSIGNEE: 
  
 the within Preferred Security and all rights thereunder, hereby irrevocably constituting and appointing attorney to transfer said Preferred Security on
the Security Register of the Trust, with full power of substitution in the premises. 
  

 -3- 

 If an individual:
                                        
                                     
  
 If executed by an entity (list entity):
                                        
     
  

			
		
	 By:
	 	 
	 	 	

	 	 	 Title:

	 	 	 Print Name:

  
 NOTICE: The signature
to this assignment must correspond with the name as written upon the face of this Preferred Security in every particular, without alteration or enlargement or any change whatever. 
  

 -4- 

 SCHWAB CAPITAL TRUST             

  
 Certain Sections of this Trust Agreement relating to

  
 Sections 310 through 318 of the 
  
 Trust Indenture Act of 1939: 
  

			
	 Trust Indenture Act Section

	  	 Trust Agreement Section

	(S) 310(a)(1)	  	8.7
	            (a)(2)	  	8.7
	            (a)(3)	  	8.9
	            (a)(4)	  	2.7(a)(ii)(E)
	            (b)	  	8.8
	(S) 311(a)	  	8.13
	            (b)	  	8.13
	            (c)	  	Not Applicable
	(S) 312(a)	  	8.15
	            (b)	  	8.15
	            (c)	  	5.7
	(S) 313(a)	  	8.14(a)
	            (b)	  	8.14(b)
	            (c)	  	10.9
	            (d)	  	8.14(c)
	(S) 314(a)	  	8.15
	            (b)	  	Not Applicable
	            (c)(1)	  	8.16
	            (c)(2)	  	8.16
	            (c)(3)	  	Not Applicable
	            (d)	  	Not Applicable
	            (e)	  	1.1, 8.16
	            (f)	  	Not Applicable
	(S) 315(a)	  	8.1(a), 8.3(a)

  

			
	 Trust Indenture Act Section

	  	 Trust Agreement Section

	            (b)	  	8.2, 10.9
	            (c)	  	8.1(c)(iii)(B)
	            (d)	  	8.1(c), 8.1(a), 8.3(a)
	            (e)	  	Not Applicable
	(S) 316(a)	  	Not Applicable
	            (a)(1)(A)	  	Not Applicable
	            (a)(1)(B)	  	Not Applicable
	            (a)(2)	  	Not Applicable
	            (b)	  	5.14
	            (c)	  	6.7
	(S) 317(a)(1)	  	Not Applicable
	            (a)(2)	  	Not Applicable
	            (b)	  	5.9
	(S) 318(a)	  	10.11

 Note: This reconciliation and tie sheet shall not, for
any purpose, be deemed to be a part of the Trust Agreement. 
  

 -2-Form of Guarantee Agreement

 Exhibit 4.12 
  
 Form of 
  
 GUARANTEE AGREEMENT 
  
 Between 
  
 THE CHARLES SCHWAB CORPORATION 
  
 (as Guarantor) 
  
 and

  
 JPMORGAN CHASE BANK 
  
 (as Guarantee Trustee) 
  
 dated as of
             
  

 TABLE OF CONTENTS 
  

					
	 	 	 	 	Page

	 ARTICLE I
	 	 DEFINITIONS
	 	2
			
	 Section 1.1
	 	 Definitions
	 	2
			
	 ARTICLE II
	 	 TRUST INDENTURE ACT
	 	4
			
	 Section 2.1
	 	 Trust Indenture Act; Application
	 	4
	 Section 2.2
	 	 List of Holders
	 	4
	 Section 2.3
	 	 Reports by the Guarantee Trustee
	 	5
	 Section 2.4
	 	 Periodic Reports to the Guarantee Trustee
	 	5
	 Section 2.5
	 	 Evidence of Compliance with Conditions Precedent
	 	5
	 Section 2.6
	 	 Events of Default; Waiver
	 	5
	 Section 2.7
	 	 Event of Default; Notice
	 	6
	 Section 2.8
	 	 Conflicting Interests
	 	6
			
	 ARTICLE III
	 	 POWERS, DUTIES AND RIGHTS OF THE GUARANTEE TRUSTEE
	 	6
			
	 Section 3.1
	 	 Powers and Duties of the Guarantee Trustee
	 	6
	 Section 3.2
	 	 Certain Rights of Guarantee Trustee
	 	8
	 Section 3.3
	 	 Compensation and Indemnity
	 	10
			
	 ARTICLE IV
	 	 GUARANTEE TRUSTEE
	 	10
			
	 Section 4.1
	 	 Guarantee Trustee: Eligibility
	 	10
	 Section 4.2
	 	 Appointment, Removal and Resignation of the Guarantee Trustee
	 	11
			
	 ARTICLE V
	 	 GUARANTEE
	 	12
			
	 Section 5.1
	 	 Guarantee
	 	12
	 Section 5.2
	 	 Waiver of Notice and Demand
	 	12
	 Section 5.3
	 	 Obligations Not Affected
	 	12
	 Section 5.4
	 	 Rights of Holders
	 	13
	 Section 5.5
	 	 Guarantee of Payment
	 	13
	 Section 5.6
	 	 Subrogation
	 	13
	 Section 5.7
	 	 Independent Obligations
	 	14
			
	 ARTICLE VI
	 	 COVENANTS AND SUBORDINATION
	 	14
			
	 Section 6.1
	 	 Subordination
	 	14
	 Section 6.2
	 	 Pari Passu Guarantees
	 	14

  

 -i- 

 TABLE OF CONTENTS 
  

					
	 	 	 	 	Page

	 ARTICLE VII
	 	 TERMINATION
	 	14
			
	 Section 7.1
	 	 Termination
	 	14
			
	 ARTICLE VIII
	 	 MISCELLANEOUS
	 	15
			
	 Section 8.1
	 	 Successors and Assigns
	 	15
	 Section 8.2
	 	 Amendments
	 	15
	 Section 8.3
	 	 Notices
	 	15
	 Section 8.4
	 	 Benefit
	 	16
	 Section 8.5
	 	 Interpretation
	 	16
	 Section 8.6
	 	 Governing Law
	 	17

  

 -ii- 

 GUARANTEE AGREEMENT 
  
 THIS GUARANTEE AGREEMENT, dated as of             
(the “Guarantee Agreement”), is executed and delivered by THE CHARLES SCHWAB CORPORATION, a Delaware corporation (the “Guarantor”) having its principal office at 120 Kearny Street, San Francisco, California 94108, and
JPMORGAN CHASE BANK, as trustee (the “Guarantee Trustee”), for the benefit of the Holders (as defined herein) from time to time of the Preferred Securities and the Common Securities (each as defined herein and, together, the
“Securities”) of Schwab Capital Trust             , a Delaware statutory trust (the “Issuer”). 
  
 WHEREAS, pursuant to an Amended and Restated Trust Agreement, dated as of
            (the “Trust Agreement”), among the Guarantor, as Depositor, the Property Trustee, the Delaware Trustee and the Administrative Trustees named therein and
the Holders from time to time of undivided beneficial interests in the assets of the Issuer, the Issuer is issuing $             aggregate Liquidation Amount (as defined in
the Trust Agreement) of its             % Preferred Securities, Series             , Liquidation
Amount $25 per capital security (the “Preferred Securities”), representing undivided beneficial interests in the assets of the Issuer and having the terms set forth in the Trust Agreement; 
  
 WHEREAS, the Issuer will use the proceeds of the issuance of the Securities
to purchase the Debentures (as defined in the Trust Agreement) of the Guarantor, which will be deposited with JPMorgan Chase Bank, as Property Trustee under the Trust Agreement, as trust assets; and 
  
 WHEREAS, as incentive for the Holders to purchase Securities the Guarantor
desires irrevocably and unconditionally to agree, to the extent set forth herein, to pay to the Holders of the 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 Securities, which purchase the Guarantor hereby agrees shall benefit the Guarantor, the Guarantor executes and delivers this Guarantee Agreement for the benefit of the Holders from time to time of the Securities. 
  

 ARTICLE I 
 DEFINITIONS 
  
 Section 1.1 Definitions.

  
 As used in this Guarantee Agreement, the terms set forth
below shall, unless the context otherwise requires, have the following meanings. Capitalized or otherwise defined terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Trust Agreement as in effect on the
date hereof. 
  
 “Affiliate” of any specified Person
means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person; provided, however, that an Affiliate of the Guarantor shall not be deemed to be an Affiliate of the
Issuer. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
  
 “Common Securities” means the securities representing common undivided beneficial interests in the assets of the Issuer. 
  
 “Corporate Trust Office” means the office of the Guarantee Trustee
at which its corporate trust business shall be principally administered, which on the date hereof is 4 New York Plaza, 15th Floor, New York, New York 10004. 
  
 “Event of Default” means a default by the Guarantor on any of its payment or other obligations under this Guarantee Agreement; provided,
however, that, except with respect to a default in payment of any Guarantee Payments, the Guarantor shall have received notice of default and shall not have cured such default within 60 days after receipt of such notice. 
  
 “Guarantee Payments” means the following payments or distributions,
without duplication, with respect to the Securities, to the extent not paid or made by or on behalf of the Issuer: (i) any accumulated and unpaid Distributions (as defined in the Trust Agreement) required to be paid on the Securities, to the extent
the Issuer shall have funds on hand available therefor at such time, (ii) the redemption price, including all accrued and unpaid Distributions to the date of redemption (the “Redemption Price”), with respect to any Securities called for
redemption by the Issuer, to the extent the Issuer shall have funds on hand available therefor at such time, and (iii) upon a voluntary or involuntary termination, winding-up or liquidation of the Issuer, unless Debentures are distributed to the
Holders, the lesser of (a) the aggregate of the Liquidation Amount of $25 per Security plus accrued and unpaid Distributions on the Securities to the date of 

  

 -2- 

 
payment and (b) the amount of assets of the Issuer remaining available for distribution to Holders in liquidation of the Issuer after satisfaction of
liabilities to creditors of the Issuer as required by applicable law (in either case, the “Liquidation Distribution”). 
  
 “Guarantee Trustee” means JPMorgan Chase Bank, until a Successor Guarantee Trustee has been appointed and has accepted such appointment pursuant
to the terms of this Guarantee Agreement, and thereafter means each such Successor Guarantee Trustee. 
  
 “Holder” means any holder, as registered on the books and records of the Securities Registrar, of any Securities; provided, however, that in
determining whether the holders of the requisite percentage of Securities have given any request, notice, consent or waiver hereunder, “Holder” shall not include the Guarantor, the Guarantee Trustee, or any Affiliate of the Guarantor or
the Guarantee Trustee. 
  
 “Indenture” means the Junior
Subordinated Indenture, dated as of                      , 200  , as supplemented and amended, between the Guarantor
and JPMorgan Chase Bank, as trustee. 
  
 “Majority in
Liquidation Amount of the Securities” means, except as provided by the Trust Indenture Act, a vote by the Holder(s), voting separately as a class, of more than 50% of the Liquidation Amount of all then outstanding Securities issued by the
Issuer. 
  
 “Officers’ Certificate” means a
certificate signed by the Chairman and Chief Executive Officer, President, Chief Financial Officer or a Vice President, and by the Treasurer, an Associate Treasurer, an Assistant Treasurer, the Controller, the Secretary or an Assistant Secretary of
the Guarantor, and delivered to the Guarantee Trustee. One of the officers signing an Officers’ Certificate given pursuant to Section 2.5 shall be the principal executive, financial or accounting officer of the Guarantor. Any Officers’
Certificate delivered with respect to compliance with a condition or covenant provided for in this Guarantee 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 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 officer, such condition or covenant has been complied with. 
  

 -3- 

 “Opinion of Counsel” means a written opinion of counsel, who may be counsel for the Guarantor,
and who shall be acceptable to the Guarantee Trustee. 
  
 “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. 
  
 “Responsible Officer” means, with respect to the Guarantee Trustee, any officer of the Guarantee Trustee within the [Institutional Trust Services – Conventional Debt Unit] or any successor group of the
Guarantee Trustee located at the Corporate Trust Office who has direct responsibility for the administration of this Guarantee and for purposes of Sections 2.7(a) and 3.1(d)(iii) also means, with respect to a particular corporate trust matter, any
other officer to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with a particular subject. 
  
 “Successor Guarantee Trustee” means a successor Guarantee Trustee possessing the qualifications to act as Guarantee Trustee under Section 4.1.

  
 “Trust Indenture Act” means the Trust Indenture Act
of 1939, as amended. 
  
 ARTICLE II 
 TRUST INDENTURE ACT 
  
 Section 2.1 Trust Indenture Act; Application. 
  
 (a) This Guarantee Agreement is subject to the provisions of the Trust Indenture Act that are required to be part of this Guarantee Agreement and shall,
to the extent applicable, be governed by such provisions. 
  
 (b)
If and to the extent that any provision of this Guarantee Agreement limits, qualifies or conflicts with the duties imposed by Sections 310 to 317, inclusive, of the Trust Indenture Act, such imposed duties shall control. 
  
 Section 2.2 List of Holders. 
  
 (a) The Guarantor will furnish or cause to be furnished to the Guarantee
Trustee: (i) semi-annually, not more than 15 days after April 15 and October 15 in each year, a list, in such form as the Guarantee Trustee may reasonably require, of the names and addresses of the Holders as of such April 15 and October 15, and
(ii) at such other times as the Guarantee Trustee may request in writing, within 30 days after the receipt by the Guarantor of any such request, a list of similar form and content as of a date not more 

  

 -4- 

 
than 15 days prior to the time such list is furnished, excluding from any such list names and addresses received by the Guarantee Trustee in its capacity as
Securities Registrar. 
  
 (b) The Guarantee Trustee shall comply
with its obligations under Section 311(a), Section 311(b) and Section 312(b) of the Trust Indenture Act. 
  
 Section 2.3 Reports by the Guarantee Trustee. 
  
 Not later than March 31 of each year, commencing March 31,             , the Guarantee Trustee shall provide to the Holders such reports as are
required by Section 313 of the Trust Indenture Act, if any, in the form and in the manner provided by Section 313 of the Trust Indenture Act. The Guarantee Trustee shall also comply with the requirements of Section 313(d) of the Trust Indenture Act.

  
 Section 2.4 Periodic Reports to the Guarantee Trustee. 
  
 The Guarantor shall provide to the Guarantee Trustee, the Securities and
Exchange Commission and the Holders such documents, reports and information, if any, as required by Section 314 of the Trust Indenture Act 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. Delivery of documents, reports and information required by said Section 314 to the Guarantee Trustee is for informational purposes only and the Guarantee Trustee’s receipt of
such shall not constitute notice or constructive notice of any information contained therein or determinable from information contained therein, including the Guarantor’s compliance with any of its covenants hereunder (as to which the Guarantee
Trustee is entitled to rely exclusively on Officers’ Certificates). 
  
 Section 2.5 Evidence of Compliance with Conditions Precedent. 
  
 The Guarantor shall provide to the Guarantee Trustee such evidence of compliance with such conditions precedent, if any, provided for in this Guarantee 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) may be given in the form of an Officers’ Certificate. Any opinion of counsel to be given by counsel pursuant to
Section 314(c)(2) of the Trust Indenture Act may be given in the form of an Opinion of Counsel. 
  
 Section 2.6 Events of Default; Waiver. 
  
 The Holders of a Majority in aggregate Liquidation Amount of the Securities may, by vote, on behalf of the Holders, 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 

  

 -5- 

 
of this Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.

  
 Section 2.7 Event of Default; Notice. 
  
 (a) The Guarantee Trustee shall, within 90 days after the occurrence of an
Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured before the giving of such
notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as a committee of Responsible Officers of the Guarantee Trustee in good
faith determines that the withholding of such notice is in the interests of the Holders. 
  
 (b) The Guarantee Trustee shall not be deemed to have knowledge of any Event of Default unless a Responsible Officer charged with the administration of this Guarantee Agreement shall have obtained written notice of
such Event of Default. 
  
 Section 2.8 Conflicting Interests. 

 
 The Trust Agreement shall be deemed to be specifically described in this
Guarantee Agreement for the purposes of clause (i) of the first proviso contained in Section 310(b) of the Trust Indenture Act. 
  
 ARTICLE III 
 POWERS, DUTIES AND
RIGHTS OF THE GUARANTEE TRUSTEE 
  
 Section 3.1 Powers and Duties of the
Guarantee Trustee. 
  
 (a) This Guarantee Agreement shall be
held by the Guarantee Trustee for the benefit of the Holders, and the Guarantee Trustee shall not transfer this Guarantee Agreement to any Person except a Holder exercising his or her rights pursuant to Section 5.4(iv) or to a Successor Guarantee
Trustee on acceptance by such Successor Guarantee Trustee of its appointment to act as Successor Guarantee Trustee. 
  
 The right, title and interest of the Guarantee Trustee shall automatically vest in any Successor Guarantee Trustee, upon acceptance by such Successor
Guarantee Trustee of its appointment hereunder, 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 Guarantee Trustee.

  

 -6- 

 (b) If an Event of Default has occurred and is continuing, the Guarantee Trustee shall have the right to
enforce this Guarantee Agreement for the benefit of the Holders. 
  
 (c) The Guarantee Trustee, before the occurrence of any Event of Default and after the curing or waiving of all Events of Default that may have occurred, shall undertake to perform only such duties as are specifically set forth in this
Guarantee Agreement, and no implied covenants shall be read into this Guarantee Agreement against the Guarantee Trustee. In case an Event of Default has occurred (that has not been cured or waived pursuant to Section 2.6), the Guarantee Trustee
shall exercise such of the rights and powers vested in it by this Guarantee Agreement, 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. 
  
 (d) No provision of this Guarantee Agreement
shall be construed to relieve the 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 Guarantee Trustee shall be determined solely by the express provisions of this Guarantee Agreement, and the Guarantee Trustee shall not be liable except for the performance of such duties and obligations as are
specifically set forth in this Guarantee Agreement; and 
  
 (B) in the absence of bad faith on the part of the Guarantee Trustee, the 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 Guarantee Trustee and conforming to the requirements of this Guarantee Agreement; but in the case of any such certificates or opinions that by any provision hereof or of the Trust Indenture Act are
specifically required to be furnished to the Guarantee Trustee, the Guarantee Trustee shall be under a duty to examine the same to determine whether or not they conform on their face to the requirements of this Guarantee Agreement; 
  
 (ii) the Guarantee Trustee, its officers, directors,
shareholders, employees and agents shall not be liable for any error of judgment made in good faith by a Responsible Officer of the Guarantee Trustee, unless it shall be proved that the Guarantee Trustee was negligent in ascertaining the pertinent
facts upon which such judgment was made; 
  
 (iii) the 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 

  

 -7- 

 
Holders of not less than a Majority in aggregate Liquidation Amount of the Securities relating to the time, method and place of conducting any proceeding for
any remedy available to the Guarantee Trustee, or exercising any trust or power conferred upon the Guarantee Trustee under this Guarantee Agreement; and 
  
 (iv) no provision of this Guarantee Agreement shall require the Guarantee Trustee to expend or risk its own funds or otherwise incur
personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if the 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 Guarantee Agreement or adequate indemnity against such risk or liability is not reasonably assured to it. 
  
 (e) Whether or not expressly so provided, every provision of this Guarantee relating to the conduct or affecting the liability of or affording protection
to the Guarantee Trustee shall be subject to the provisions of this Section 3.1 and Section 3.3. 
  
 Section 3.2 Certain Rights of Guarantee Trustee. 
  
 (a) Subject to the provisions of Section 3.1: 
  
 (i) The 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 Guarantee Agreement shall be sufficiently evidenced by an Officers’ Certificate unless otherwise prescribed herein. 
  
 (iii) Whenever, in the administration of this Guarantee Agreement, the Guarantee Trustee shall deem it desirable that a matter be proved
or established before taking, suffering or omitting to take any action hereunder, the Guarantee Trustee (unless other evidence is herein specifically prescribed) may, in the absence of bad faith on its part, request and rely upon an Officers’
Certificate which, upon receipt of such request from the Guarantee Trustee, shall be promptly delivered by the Guarantor. 
  
 (iv) The Guarantee Trustee may consult with legal counsel, and the advice or opinion of such legal counsel with respect to legal matters
shall be full and complete authorization and protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good faith and in accordance with such advice or opinion. Such legal counsel may be legal counsel to the
Guarantor or any of its Affiliates and may be one of its employees. The Guarantee Trustee shall have the right at any time to seek 

  

 -8- 

 
instructions concerning the administration of this Guarantee Agreement from any court of competent jurisdiction. 
  
 (v) The Guarantee Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this Guarantee Agreement at the request or direction of any Holder, unless such Holder shall have provided to the Guarantee Trustee such adequate security and indemnity as would satisfy a
reasonable person in the position of the Guarantee Trustee, against the costs, expenses (including attorneys’ fees and expenses) 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 Guarantee Trustee; provided that, nothing contained in this Section 3.2(a)(v) shall be taken to relieve the Guarantee Trustee, upon the occurrence of an Event of Default, of its obligation to exercise the rights
and powers vested in it by this Guarantee Agreement pursuant to the last sentence of Section 3.1(c) hererof. 
  
 (vi) The 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 Guarantee Trustee, in its discretion, may make such further inquiry or
investigation into such facts or matters as it may see fit. 
  
 (vii) The Guarantee Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through its agents or attorneys, and the Guarantee Trustee shall not be
responsible for any misconduct or negligence on the part of any such agent or attorney appointed with due care by it hereunder. 
  
 (viii) Whenever in the administration of this Guarantee Agreement the Guarantee Trustee shall deem it desirable to receive instructions
with respect to enforcing any remedy or right or taking any other action hereunder, the Guarantee Trustee (A) may request written instructions from a Majority of Holders, (B) may refrain from enforcing such remedy or right or taking such other
action until such written instructions are received, and (C) shall be fully protected in relying on or in acting in accordance with such written instructions. 
  

(b) No provision of this Guarantee Agreement shall be deemed to impose any duty or obligation on the 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 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 Guarantee Trustee shall be construed to be a duty to act. 
  

 -9- 

 Section 3.3 Compensation and Indemnity. 
  
 (a) The Guarantor shall pay to the Guarantee Trustee from time to time reasonable compensation for its services. The
Guarantee Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Guarantor shall reimburse the Guarantee Trustee upon request for all reasonable out-of-pocket expenses incurred by it. Such
expenses shall include the reasonable compensation and expenses of the Guarantee Trustee’s agents and counsel. 
  
 (b) The Guarantor agrees to indemnify the Guarantee Trustee, its officers, directors, shareholders, employees and agents for, and to hold them harmless
against, any loss, liability or expense incurred without gross negligence or willful misconduct on the part of the Guarantee Trustee arising out of or in connection with the acceptance or administration of this Guarantee 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. This indemnity and the provisions of this Section 3.3 shall survive the termination of
this Guarantee Agreement or the earlier resignation or removal of the Guarantee Trustee. 
  
 (c) In addition to and without prejudice to its rights hereunder, when the Guarantee Trustee incurs expenses or renders services after a Bankruptcy Event (as defined in the Trust Agreement) with respect to the
Guarantor occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any applicable federal or state bankruptcy, receivership, insolvency or similar law. 
  
 (d) “Guarantor Trustee” for the purposes of this Section 3.3 shall
include any predecessor Guarantee Trustee; provided, however, that the negligence, willful misconduct or bad faith of any Guarantee Trustee shall not affect the rights of any other Guarantee Trustee hereunder. 
  
 ARTICLE IV 
 GUARANTEE TRUSTEE 
  
 Section 4.1 Guarantee Trustee: Eligibility 
  
 (a) There shall at all times be a Guarantee Trustee which shall: 
  
 (i) not be an Affiliate of the Guarantor; and 
  
 (ii) be a Person that is eligible pursuant to the Trust Indenture Act to act as such and has a combined capital and surplus of at least $50,000,000, and shall be a corporation meeting the requirements of Section
310(a) of the Trust Indenture Act. If such corporation publishes reports of condition at least annually, pursuant to law or to the 

  

 -10- 

 
requirements of the supervising or examining authority, then, for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the
combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. 
  
 (b) If at any time the Guarantee Trustee shall cease to be eligible to so act under Section 4.1(a), the Guarantee Trustee
shall immediately resign in the manner and with the effect set out in Section 4.2(c). 
  
 (c) If the Guarantee Trustee has or shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust Indenture Act, the 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 the Guarantee Trustee. 
  
 (a) Subject to Section 4.2(b), the Guarantee Trustee may be appointed or removed by the Guarantor (i) without cause at any time when an Event of Default has not occurred and is continuing and (ii) at any time when the Guarantee Trustee
ceases to be eligible to act as the Guarantee Trustee pursuant to Section 4.1 hereof or becomes incapable of acting or is adjudged a bankrupt or insolvent or a receiver of the Guarantee Trustee or of its property is appointed or any public officer
takes charge or control of the Guarantee Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation. 
  
 (b) The Guarantee Trustee shall not be removed until a Successor Guarantee Trustee has been appointed and has accepted such appointment by written
instrument executed by such Successor Guarantee Trustee and delivered to the Guarantor. 
  
 (c) The Guarantee Trustee appointed hereunder shall hold office until a Successor Guarantee Trustee shall have been appointed or until its removal or resignation. The Guarantee Trustee may resign from office (without
need for prior or subsequent accounting) by an instrument in writing executed by the Guarantee Trustee and delivered to the Guarantor, which resignation shall not take effect until a Successor Guarantee Trustee has been appointed and has accepted
such appointment by instrument in writing executed by such Successor Guarantee Trustee and delivered to the Guarantor and the resigning Guarantee Trustee. 
  
 (d) If no Successor 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 Guarantee Trustee may petition, at the expense of the Guarantor, any court of competent jurisdiction for appointment of a Successor Guarantee Trustee. Such court may thereupon, after
prescribing such notice, if any, as it may deem proper, appoint a Successor Guarantee Trustee. 
  

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 ARTICLE V 
 GUARANTEE 
  
 Section 5.1 Guarantee.

  
 The Guarantor irrevocably and unconditionally agrees to
pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by or on behalf of the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim which the Issuer may have or assert. The
Guarantor’s obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders. 
  
 Section 5.2 Waiver of Notice and Demand. 
  
 The Guarantor hereby waives notice of acceptance of the Guarantee Agreement
and of any liability to which it applies or may apply, presentment, demand for payment, any right to require a proceeding first against the Guarantee Trustee, Issuer 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 Guarantee Agreement 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 Issuer of any express or implied agreement, covenant, term or condition relating to the Securities to be performed or observed by the Issuer; 
  
 (b) the extension of time for the payment by the Issuer of all or any portion of the Distributions (other than an extension
of time for payment of Distributions that results from the extension of any interest payment period on the Debentures as provided in the Indenture), Redemption Price, Liquidation Distribution or any other sums payable under the terms of the
Securities or the extension of time for the performance of any other obligation under, arising out of, or in connection with, the Securities; 
  
 (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 Securities, or any action on the part of the Issuer 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, 

  

 -12- 

 
reorganization, arrangement, composition or readjustment of debt of, or other similar proceedings affecting, the Issuer or any of the assets of the Issuer;

  
 (e) any invalidity of, or defect or deficiency in, the
Securities; 
  
 (f) the settlement or compromise of any obligation
guaranteed hereby or hereby incurred; or 
  
 (g) 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 the consent of, the Guarantor with respect to the happening of any of the foregoing. 
  
 Section 5.4 Rights of Holders. 
  
 The Guarantor expressly acknowledges that: (i) this Guarantee Agreement will be deposited with the Guarantee Trustee to be held for the benefit of the
Holders; (ii) the Guarantee Trustee has the right to enforce this Guarantee Agreement on behalf of the Holders; (iii) the Holders of a Majority in aggregate Liquidation Amount of the Securities have the right to direct the time, method and place of
conducting any proceeding for any remedy available to the Guarantee Trustee in respect of this Guarantee Agreement or exercising any trust or power conferred upon the Guarantee Trustee under this Guarantee Agreement; and (iv) any Holder may
institute a legal proceeding directly against the Guarantor to enforce its rights under this Guarantee Agreement, without first instituting a legal proceeding against the Issuer or any other Person. 
  
 Section 5.5 Guarantee of Payment 
  
 This Guarantee Agreement creates a guarantee of payment and not of
collection. This Guarantee Agreement will not be discharged except by payment of the Guarantee Payments in full (without duplication of amounts theretofore paid by the Issuer) or upon distribution of Debentures to Holders as provided in the Trust
Agreement. 
  
 Section 5.6 Subrogation 
  
 The Guarantor shall be subrogated to all (if any) rights of the Holders
against the Issuer in respect of any amounts paid to the Holders by the Guarantor under this Guarantee Agreement and shall have the right to waive payment by the Issuer pursuant to Section 5.1; provided, however, that the Guarantor shall not (except
to the extent required by mandatory provisions of law) be entitled to enforce or exercise any rights which it may acquire by way of subrogation or any indemnity, reimbursement or other agreement, 

  

 -13- 

 
in all cases as a result of payment under this Guarantee Agreement, if, at the time of any such payment, any amounts are due and unpaid under this Guarantee
Agreement. If any 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 Guarantee Trustee for the benefit of the Holders.

  
 Section 5.7 Independent Obligations 
  
 The Guarantor acknowledges that its obligations hereunder are independent of
the obligations of the Issuer with respect to the Securities and that the Guarantor shall be liable as principal and as debtor hereunder to make Guarantee Payments pursuant to the terms of this Guarantee Agreement notwithstanding the occurrence of
any event referred to in subsections (a) through (g), inclusive, of Section 5.3 hereof. 
  
 ARTICLE VI 
 COVENANTS AND SUBORDINATION 
  
 Section 6.1 Subordination 
  
 The obligations of the Guarantor under this Guarantee Agreement will
constitute unsecured obligations of the Guarantor and will rank subordinate and junior in right of payment to all Senior Debt (as defined in the Indenture) of the Guarantor, except those made pari passu or subordinate to such obligations
expressly by their terms, in the same manner as set forth in Article XIII of the Indenture. Nothing in this Section 6.1 or Section 6.2 shall apply to claims of, or payments to, the Guarantee Trustee under or pursuant to Section 3.3 hereof.

  
 Section 6.2 Pari Passu Guarantees 
  
 The obligations of the Guarantor under this Guarantee Agreement shall rank
pari passu with the obligations of the Guarantor under any similar Guarantee Agreements issued by the Guarantor on behalf of the holders of preferred securities issued by any Schwab Capital Trust (as defined in the Indenture). 
  
 ARTICLE VII 
 TERMINATION 
  
 Section 7.1 Termination. 
  
 This Guarantee
Agreement shall terminate and be of no further force and effect upon (i) full payment of the Redemption Price of all Securities, (ii) the distribution of Debentures to the Holders in exchange for all of the Securities or (iii) full payment of

  

 -14- 

 
the amounts payable in accordance with the Trust Agreement upon liquidation of the Issuer. Notwithstanding the foregoing, this Guarantee Agreement will
continue to be effective or will be reinstated, as the case may be, if at any time any Holder must restore payment of any sums paid with respect to Securities or this Guarantee Agreement. 
  
 ARTICLE VIII 
 MISCELLANEOUS 
  
 Section 8.1 Successors and Assigns.

  
 All guarantees and agreements contained in this Guarantee
Agreement shall bind the successors, assigns, receivers, trustees and representatives of the Guarantor and shall inure to the benefit of the Guarantee Trustee, any Successor Guarantee Trustee and the Holders of the Securities then outstanding.
Except in connection with a consolidation, merger or sale involving the Guarantor that is permitted under Article VIII of the Indenture and pursuant to which the successor or assignee agrees in writing to perform the Guarantor’s obligations
hereunder, the Guarantor shall not assign its obligations hereunder. 
  
 Section 8.2 Amendments. 
  
 Except with respect
to any changes which do not adversely affect the rights of the Holders in any material respect (in which case no consent of the Holders will be required), this Guarantee Agreement may only be amended with the prior approval of the Holders of not
less than a Majority in Liquidation Amount of all the outstanding Securities. The provisions of Article VI of the Trust Agreement concerning meetings of the Holders shall apply to the giving of such approval. 
  
 Section 8.3 Notices. 
  
 Any notice, request or other communication required or permitted to be given hereunder shall be in writing, duly signed by
the party giving such notice, and delivered, telecopied or mailed by first class mail as follows: 
  
 (a) if given to the Guarantor, to the address set forth below or such other address, facsimile number or to the attention of such other Person as the
Guarantor may give notice to the Holders: 
  
 The Charles Schwab Corporation

 120 Kearny Street 
 San Francisco, California 94108 

Facsimile No.:
415-            -             
 Attention: Corporate Secretary 
  

 -15- 

 (b) if given to the Issuer, in care of the Guarantee Trustee, at the Issuer’s (and the Guarantee
Trustee’s) address set forth below or such other address as the Guarantee Trustee on behalf of the Issuer may give notice to the Holders: 
  
 Schwab Capital Trust          
 c/o The Charles Schwab Corporation 
 120 Kearny Street 
 San Francisco, California 94108 
 Facsimile No.:
415-            -             
 Attention: Corporate Secretary 
  
 with a copy to: 
  
 JPMorgan Chase Bank 
 4 New York Plaza, 15th Floor 
 New York, New York 10004 
 Facsimile No.: 
 Attention: [Institutional Trust Services – Conventional Debt Unit] 
  
 (c) if given to any Holder, at the address set forth on the books and records
of the Issuer. 
  
 All notices hereunder shall be deemed to have
been given when received by the recipient 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. Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If the Guarantor mails a notice or communication
to Holders, it shall mail a copy to the Guarantee Trustee at the same time. 
  
 Section 8.4 Benefit. 
  
 This Guarantee Agreement
is solely for the benefit of the Holders and is not separately transferable from the Securities. 
  
 Section 8.5 Interpretation. 
  
 In this Guarantee Agreement, unless the context otherwise requires: 
  
 (a) capitalized terms used in this Guarantee Agreement but not defined in the preamble hereto have the respective meanings assigned to them in Section 1.1; 
  
 (b) a term defined anywhere in this Guarantee Agreement has the same meaning throughout; 
  

 -16- 

 (c) all references to “the Guarantee Agreement” or “this Guarantee Agreement” are to
this Guarantee Agreement as modified, supplemented or amended from time to time; 
  
 (d) all references in this Guarantee Agreement to Articles and Sections are to Articles and Sections of this Guarantee Agreement unless otherwise specified; 
  
 (e) a term defined in the Trust Indenture Act has the same meaning when used
in this Guarantee Agreement unless otherwise defined in this Guarantee Agreement or unless the context otherwise requires; 
  
 (f) a reference to the singular includes the plural and vice versa; and 
  
 (g) the masculine, feminine or neuter genders used herein shall include the masculine, feminine and neuter genders.

  
 Section 8.6 Governing Law. 
  
 THIS GUARANTEE AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA WITHOUT REGARD TO THE CONFLICT OF LAW PRINCIPLES THEREOF. The parties agree that all actions and proceedings relating to or arising from, directly or indirectly, this Guarantee Agreement or any
of the transactions contemplated hereby may be litigated in courts located within the State of New York. The Guarantor hereby submits to the personal jurisdiction of such courts; hereby waives personal service of process upon it and consents that
any such service of process may be made by certified or registered mail, return receipt requested, directed to Guarantor at its address last specified for notices hereunder, and service so made shall be deemed completed five (5) days after the same
shall have been so mailed; and hereby waives the right to a trial by jury in any action or proceeding with Guarantee Trustee. All actions and proceedings brought by Guarantor against the Guarantee Trustee relating to or arising from, directly, or
indirectly, this Guarantee Agreement shall be litigated only in courts located within the State of New York. In this regard, the parties agree that the courts of the State of New York located in Manhattan are the most convenient forum to resolve
such actions and accordingly, will not argue to the contrary in such actions or proceedings. 
  
 This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.

  

 -17- 

 THIS GUARANTEE AGREEMENT is executed as of the day and year first above written. 
  

					
	THE CHARLES SCHWAB CORPORATION
			
	By:	 	 	 	 
	 	 	

	 	 	 Name:
	 	 
	 	 	 Title:
	 	 

  

					
	JPMORGAN CHASE BANK, as Guarantee Trustee
			
	By:	 	 	 	 
	 	 	

	 	 	 Name:
	 	 
	 	 	 Title:
	 	 

  

 -18- 

 CROSS-REFERENCE TABLE* 
  

			
	 Section of Trust
 Indenture Act of
 1939, as amended

	  	 Section of
 Guarantee
 Agreement

	310(a)	  	4.1(a)
	310(b)	  	4.1(c), 2.8
	310(c)	  	Inapplicable
	311(a)	  	2.2(b)
	311(b)	  	2.2(b)
	311(c)	  	Inapplicable
	312(a)	  	2.2(a)
	312(b)	  	2.2(b)
	313	  	2.3
	314(a)	  	2.4
	314(b)	  	Inapplicable
	314(c)	  	2.5
	314(d)	  	Inapplicable
	314(e)	  	1.1, 2.5, 3.2
	314(f)	  	3.2
	315(a)	  	3.1(d)
	315(b)	  	2.7
	315(c)	  	3.1(c)
	315(d)	  	3.1(d)
	316(a)	  	1.1, 2.6, 5.4
	316(a)(1)(A)	  	5.4
	316(a)(1)(B)	  	2.6
	316(a)(2)	  	Inapplicable
	316(b)	  	5.3
	316(c)	  	Inapplicable
	317(a)	  	Inapplicable
	317(b)	  	Inapplicable
	318(a)	  	2.1(b)
	318(b)	  	2.1
	318(c)	  	2.1(a)

  

	*	This Cross-Reference Table does not constitute part of the Guarantee Agreement and shall not affect the interpretation of any of its terms or provisions.

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