Document:

exv4w3

 

Exhibit 4.3

 

VINEYARD NATIONAL BANCORP

 

FORM OF

INDENTURE

Dated as of __________ ___, 200__

 

WILMINGTON TRUST COMPANY,

as Trustee

JUNIOR SUBORDINATED

DEFERRABLE INTEREST DEBENTURES

 

 

TIE SHEET of provisions of Trust Indenture Act of 1939 with Indenture dated as of ______
___, 200___ between Vineyard National Bancorp and Wilmington Trust Company, as Trustee:

	 	 	 	 	 
	ACT Section	 	INDENTURE Section	 
	310(a)(1)
	 	 	6.09	 
	310(a)(2)
	 	 	6.09	 
	310(a)(3)
	 	 	N/A	 
	310(a)(4)
	 	 	N/A	 
	310(a)(5)
	 	 	6.09, 6.10, 6.11	 
	310(b)
	 	 	6.08	 
	310(c)
	 	 	N/A	 
	311(a) and (b)
	 	 	6.13	 
	311(c)
	 	 	N/A	 
	312(a)
	 	 	4.01, 4.02(a)	 
	312(b) and (c)
	 	 	4.02	 
	313(a)
	 	 	4.04	 
	313(b)(1)
	 	 	4.04	 
	313(b)(2)
	 	 	4.04	 
	313(c)
	 	 	4.04	 
	313(d)
	 	 	4.04	 
	314(a)
	 	 	4.03	 
	314(b)
	 	 	N/A	 
	314(c)(1) and (2)
	 	 	6.07	 
	314(c)(3)
	 	 	N/A	 
	314(d)
	 	 	N/A	 
	314(e)
	 	 	6.07	 
	314(f)
	 	 	N/A	 
	315(a)(c) and (d)
	 	 	6.01, 6.02	 
	315(b)
	 	 	5.08	 
	315(e)
	 	 	5.09	 
	316(a)(1)
	 	 	5.07	 
	316(a)(2)
	 	 	N/A	 
	316(a) last sentence
	 	 	1.01	 
	316(b)
	 	 	9.02	 
	317(a)
	 	 	5.02, 5.05	 
	317(b)
	 	 	6.05	 
	318(a)
	 	 	13.08	 

THIS TIE-SHEET IS NOT PART OF THE INDENTURE AS EXECUTED.

 

 

Exhibit 4.3

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	ARTICLE I
	 	DEFINITIONS	 	 	1	 
	 
	 	 	 	 	 	 
	Section 1.01.
	 	Definitions	 	 	1	 
	 
	 	 	 	 	 	 
	ARTICLE II
	 	SECURITIES	 	 	8	 
	 
	 	 	 	 	 	 
	Section 2.01.
	 	Forms Generally	 	 	8	 
	Section 2.02.
	 	Execution and Authentication	 	 	9	 
	Section 2.03.
	 	Form and Payment	 	 	9	 
	Section 2.04.
	 	Global Security	 	 	9	 
	Section 2.05.
	 	Interest	 	 	11	 
	Section 2.06.
	 	Transfer and Exchange	 	 	12	 
	Section 2.07.
	 	Replacement Securities	 	 	13	 
	Section 2.08.
	 	Temporary Securities	 	 	13	 
	Section 2.09.
	 	Cancellation	 	 	13	 
	Section 2.10.
	 	Defaulted Interest	 	 	14	 
	Section 2.11.
	 	CUSIP Numbers	 	 	14	 
	 
	 	 	 	 	 	 
	ARTICLE III
	 	PARTICULAR COVENANTS OF THE COMPANY	 	 	15	 
	 
	 	 	 	 	 	 
	Section 3.01.
	 	Payment of Principal and Interest	 	 	15	 
	Section 3.02.
	 	Offices for Notices and Payments, etc.	 	 	15	 
	Section 3.03.
	 	Appointments to Fill Vacancies in Trustee’s Office	 	 	16	 
	Section 3.04.
	 	Provision as to Paying Agent	 	 	16	 
	Section 3.05.
	 	Certificate to Trustee	 	 	17	 
	Section 3.06.
	 	Compliance with Consolidation Provisions	 	 	17	 
	Section 3.07.
	 	Limitation on Dividends	 	 	17	 
	Section 3.08.
	 	Covenants as to Vineyard Statutory Trust X	 	 	18	 
	Section 3.09.
	 	Payment of Expenses	 	 	18	 
	Section 3.10.
	 	Payment Upon Resignation or Removal	 	 	19	 
	Section 3.11.
	 	Corporate Existence	 	 	19	 
	Section 3.12.
	 	Notice of Default	 	 	19	 
	Section 3.13.
	 	Listing on an Exchange	 	 	19	 
	 
	 	 	 	 	 	 
	ARTICLE IV
	 	SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE	 	 	19	 
	 
	 	 	 	 	 	 
	Section 4.01.
	 	Securityholders’ Lists	 	 	19	 
	Section 4.02.
	 	Preservation and Disclosure of Lists	 	 	20	 
	Section 4.03.
	 	Reports by Company	 	 	21	 
	Section 4.04.
	 	Reports by the Trustee	 	 	22	 

 

 

TABLE OF CONTENTS (continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	ARTICLE V
	 	REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT	 	 	22	 
	 
	 	 	 	 	 	 
	Section 5.01.
	 	Events of Default	 	 	22	 
	Section 5.02.
	 	Payment of Securities on Default; Suit Therefor	 	 	24	 
	Section 5.03.
	 	Application of Moneys Collected by Trustee	 	 	25	 
	Section 5.04.
	 	Proceedings by Securityholders	 	 	26	 
	Section 5.05.
	 	Proceedings by Trustee	 	 	26	 
	Section 5.06.
	 	Remedies Cumulative and Continuing	 	 	27	 
	Section 5.07.
	 	Direction of Proceedings and Waiver of Defaults by Majority of Securityholders	 	 	27	 
	Section 5.08.
	 	Notice of Defaults	 	 	28	 
	Section 5.09.
	 	Undertaking to Pay Costs	 	 	28	 
	Section 5.10.
	 	Waiver of Stay, Extension or Usury Laws	 	 	28	 
	 
	 	 	 	 	 	 
	ARTICLE VI
	 	CONCERNING THE TRUSTEE	 	 	29	 
	 
	 	 	 	 	 	 
	Section 6.01.
	 	Duties and Responsibilities of Trustee	 	 	29	 
	Section 6.02.
	 	Reliance on Documents, Opinions, etc.	 	 	30	 
	Section 6.03.
	 	No Responsibility for Recitals, etc.	 	 	31	 
	Section 6.04.
	 	Trustee, Authenticating Agent, Paying Agents, Transfer Agents or Registrar May Own Securities	 	 	31	 
	Section 6.05.
	 	Moneys to be Held in Trust	 	 	32	 
	Section 6.06.
	 	Compensation and Expenses of Trustee	 	 	32	 
	Section 6.07.
	 	Officers’ Certificate as Evidence	 	 	33	 
	Section 6.08.
	 	Conflicting Interest of Trustee	 	 	33	 
	Section 6.09.
	 	Eligibility of Trustee	 	 	33	 
	Section 6.10.
	 	Resignation or Removal of Trustee	 	 	33	 
	Section 6.11.
	 	Acceptance by Successor Trustee	 	 	35	 
	Section 6.12.
	 	Succession by Merger, etc.	 	 	35	 
	Section 6.13.
	 	Limitation on Rights of Trustee as a Creditor	 	 	36	 
	Section 6.14.
	 	Authenticating Agents	 	 	36	 
	 
	 	 	 	 	 	 
	ARTICLE VII
	 	CONCERNING THE SECURITYHOLDERS	 	 	37	 
	 
	 	 	 	 	 	 
	Section 7.01.
	 	Action by Securityholders	 	 	37	 
	Section 7.02.
	 	Proof of Execution by Securityholders	 	 	38	 
	Section 7.03.
	 	Who Are Deemed Absolute Owners	 	 	38	 
	Section 7.04.
	 	Securities Owned by Company Deemed Not Outstanding	 	 	38	 
	Section 7.05.
	 	Revocation of Consents; Future Holders Bound	 	 	38	 
	 
	 	 	 	 	 	 
	ARTICLE VIII
	 	SECURITYHOLDERS’ MEETINGS	 	 	39	 
	 
	 	 	 	 	 	 
	Section 8.01.
	 	Purposes of Meetings	 	 	39	 
	Section 8.02.
	 	Call of Meetings by Trustee	 	 	39	 
	Section 8.03.
	 	Call of Meetings by Company or Securityholders	 	 	40	 

ii

 

TABLE OF CONTENTS (continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	Section 8.04.
	 	Qualifications for Voting	 	 	40	 
	Section 8.05.
	 	Regulations	 	 	40	 
	Section 8.06.
	 	Voting	 	 	41	 
	 
	 	 	 	 	 	 
	ARTICLE IX
	 	AMENDMENTS	 	 	41	 
	 
	 	 	 	 	 	 
	Section 9.01.
	 	Without Consent of Securityholders	 	 	41	 
	Section 9.02.
	 	With Consent of Securityholders	 	 	42	 
	Section 9.03.
	 	Compliance with Trust Indenture Act; Effect of Supplemental Indentures	 	 	43	 
	Section 9.04.
	 	Notation on Securities	 	 	43	 
	Section 9.05.
	 	Evidence of Compliance of Supplemental Indenture to be Furnished Trustee	 	 	44	 
	 
	 	 	 	 	 	 
	ARTICLE X
	 	CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE	 	 	44	 
	 
	 	 	 	 	 	 
	Section 10.01.
	 	Company May Consolidate, etc., on Certain Terms	 	 	44	 
	Section 10.02.
	 	Successor Corporation to be Substituted for Company	 	 	44	 
	Section 10.03.
	 	Opinion of Counsel to be Given Trustee	 	 	45	 
	 
	 	 	 	 	 	 
	ARTICLE XI
	 	SATISFACTION AND DISCHARGE OF INDENTURE	 	 	45	 
	 
	 	 	 	 	 	 
	Section 11.01.
	 	Discharge of Indenture	 	 	45	 
	Section 11.02.
	 	Deposited Moneys and U.S. Government Obligations to be Held in Trust by Trustee	 	 	46	 
	Section 11.03.
	 	Paying Agent to Repay Moneys Held	 	 	46	 
	Section 11.04.
	 	Return of Unclaimed Moneys	 	 	46	 
	Section 11.05.
	 	Defeasance Upon Deposit of Moneys or U.S. Government Obligations	 	 	46	 
	 
	 	 	 	 	 	 
	ARTICLE XII
	 	IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS	 	 	48	 
	 
	 	 	 	 	 	 
	Section 12.01.
	 	Indenture and Securities Solely Corporate Obligations	 	 	48	 
	 
	 	 	 	 	 	 
	ARTICLE XIII
	 	MISCELLANEOUS PROVISIONS	 	 	48	 
	 
	 	 	 	 	 	 
	Section 13.01.
	 	Successors	 	 	48	 
	Section 13.02.
	 	Official Acts by Successor Corporation	 	 	48	 
	Section 13.03.
	 	Section 13.03.   Surrender of Company Powers	 	 	49	 
	Section 13.04.
	 	Addresses for Notices, etc.	 	 	49	 
	Section 13.05.
	 	Governing Law	 	 	49	 
	Section 13.06.
	 	Evidence of Compliance with Conditions Precedent	 	 	49	 
	Section 13.07.
	 	Business Days	 	 	50	 
	Section 13.08.
	 	Trust Indenture Act to Control	 	 	50	 
	Section 13.09.
	 	Table of Contents, Headings, etc.	 	 	50	 
	Section 13.10.
	 	Execution in Counterparts	 	 	50	 
	Section 13.11.
	 	Separability	 	 	50	 
	Section 13.12.
	 	Assignment	 	 	50	 

iii

 

TABLE OF CONTENTS (continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	Section 13.13.
	 	Acknowledgment of Rights	 	 	51	 
	 
	 	 	 	 	 	 
	ARTICLE XIV
	 	REDEMPTION OF SECURITIES	 	 	51	 
	 
	 	 	 	 	 	 
	Section 14.01.
	 	Special Event Redemption	 	 	51	 
	Section 14.02.
	 	Optional Redemption by Company	 	 	51	 
	Section 14.03.
	 	No Sinking Fund	 	 	52	 
	Section 14.04.
	 	Notice of Redemption; Selection of Securities	 	 	52	 
	Section 14.05.
	 	Payment of Securities Called for Redemption	 	 	53	 
	 
	 	 	 	 	 	 
	ARTICLE XV
	 	SUBORDINATION OF SECURITIES	 	 	53	 
	 
	 	 	 	 	 	 
	Section 15.01.
	 	Agreement to Subordinate	 	 	53	 
	Section 15.02.
	 	Default on Senior and Subordinated Indebtedness	 	 	54	 
	Section 15.03.
	 	Liquidation; Dissolution; Bankruptcy	 	 	54	 
	Section 15.04.
	 	Subrogation	 	 	56	 
	Section 15.05.
	 	Trustee to Effectuate Subordination	 	 	56	 
	Section 15.06.
	 	Notice by the Company	 	 	57	 
	Section 15.07.
	 	Rights of the Trustee; Holders of Senior and Subordinated Indebtedness	 	 	58	 
	Section 15.08.
	 	Subordination May Not Be Impaired	 	 	58	 
	 
	 	 	 	 	 	 
	ARTICLE XVI
	 	EXTENSION OF INTEREST PAYMENT PERIOD	 	 	59	 
	 
	 	 	 	 	 	 
	Section 16.01.
	 	Extension of Interest Payment Period	 	 	59	 
	Section 16.02.
	 	Notice of Extension	 	 	59	 
	 
	 	 	 	 	 	 
	EXHIBIT A
	 	 	 	 	A-1	 

 

			
	*	 	THIS TABLE OF CONTENTS SHALL NOT, FOR ANY PURPOSE, BE DEEMED TO BE A PART OF THE INDENTURE.

iv

 

     THIS
INDENTURE, dated as of ______
___, 200___ between Vineyard National Bancorp, a
California corporation (hereinafter sometimes called the “Company”), and Wilmington Trust Company,
a Delaware banking corporation, as trustee (hereinafter sometimes called the “Trustee”),

W I T N E S S E T H:

     In consideration of the premises, and the purchase of the Securities by the holders thereof,
the Company covenants and agrees with the Trustee for the equal and proportionate benefit of the
respective holders from time to time of the Securities, as follows:

ARTICLE I

DEFINITIONS

Section 1.01. Definitions.

     The terms defined in this Section 1.01 (except as herein otherwise expressly provided or
unless the context otherwise requires) for all purposes of this Indenture shall have the respective
meanings specified in this Section 1.01. All other terms used in this Indenture which are defined
in the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), or which are by
reference therein defined in the Securities Act, shall (except as herein otherwise expressly
provided or unless the context otherwise requires) have the meanings assigned to such terms in said
Trust Indenture Act and in said Securities Act as in force at the date of this Indenture as
originally executed. The following terms have the meanings given to them in the Declaration: (i)
Clearing Agency; (ii) Delaware Trustee; (iii) Property Trustee; (iv) Administrative Trustees; (v)
Direct Action; and (vi) Distributions. All accounting terms used herein and not expressly defined
shall have the meanings assigned to such terms in accordance with generally accepted accounting
principles and the term “generally accepted accounting principles” means such accounting principles
as are generally accepted at the time of any computation. The words “herein,” “hereof” and
“hereunder” and other words of similar import refer to this Indenture as a whole and not to any
particular Article, Section or other subdivision. Headings are used for convenience of reference
only and do not affect interpretation. The singular includes the plural and vice versa.

     “Additional Sums” shall have the meaning set forth in Section 2.05(c).

     “Affiliate” shall have the meaning given to that term in Rule 405 under the Securities Act or
any successor rule thereunder.

     “Allocable Amounts” when used with respect to any Senior and Subordinated Indebtedness, means
all amounts due or to become due on such Senior and Subordinated Indebtedness less, if applicable,
any amount which would have been paid to, and retained by, the holders of such Senior and
Subordinated Indebtedness (whether as a result of the receipt of payments by the holders of such
Senior and Subordinated Indebtedness from the Company or any other obligor thereon or from any
holders of, or trustee in respect of, other indebtedness that is subordinate and junior in right of
payment to such Senior and Subordinated Indebtedness pursuant to any provision of such indebtedness
for the payment over of amounts received on

1

 

account of such indebtedness to the holders of such Senior and Subordinated Indebtedness or
otherwise) but for the fact that such Senior and Subordinated Indebtedness is subordinated or
junior in right of payment to (or subject to a requirement that amounts received on such Senior and
Subordinated Indebtedness be paid over to obligees on) trade accounts payable or accrued
liabilities arising in the ordinary course of business.

     “Authenticating Agent” shall mean any agent or agents of the Trustee which at the time shall
be appointed and acting pursuant to Section 6.14.

     “Bankruptcy Law” shall mean Title 11, U.S. Code, or any similar federal or state law for the
relief of debtors.

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

     “Board Resolution” shall mean a copy of a resolution certified by the Secretary or an
Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in
full force and effect on the date of such certification, and delivered to the Trustee.

     “Business Day” shall mean, with respect to any series of Securities, any day other than a
Saturday or a Sunday or a day on which banking institutions in the cities of New York, New York,
Wilmington, Delaware or Rancho Cucamonga, California are authorized or required by law or executive
order to close.

     “Commission” shall mean the Securities and Exchange Commission, as from time to time
constituted or created under the Exchange Act, or if at any time after the execution of this
Indenture 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” shall mean undivided beneficial interests in the assets of Vineyard
Statutory Trust X which rank pari passu with Preferred Securities issued by Vineyard Statutory
Trust X; provided, however, that if an Event of Default has occurred and is continuing, no payments
in respect of Distributions on, or payments upon liquidation, redemption or otherwise with respect
to, the Common Securities shall be made until the holders of the Preferred Securities shall be paid
in full the Distributions and the liquidation, redemption and other payments to which they are
entitled.

     “Common Stock” shall mean the Common Stock, no par value per share, of the Company or any
other class of stock resulting from changes or reclassifications of such Common Stock consisting
solely of changes in par value, or from par value to no par value, or from no par value to par
value.

     “Company” shall mean Vineyard National Bancorp, a California corporation, and, subject to the
provisions of Article X, shall include its successors and assigns.

     “Company Request” or “Company Order” shall mean a written request or order signed in the name
of the Company by an Officer of the Company, and delivered to the Trustee.

2

 

     “Compounded Interest” shall have the meaning set forth in Section 16.01.

     “Custodian” shall mean any receiver, trustee, assignee, liquidator, or similar official under
any Bankruptcy Law.

     “Declaration” means the Amended and Restated Declaration of Trust of Vineyard Statutory Trust
X, dated as of ______
___, 200___, as amended from time to time.

     “Default” means any event, act or condition that with notice or lapse of time, or both, would
constitute an Event of Default.

     “Defaulted Interest” shall have the same meaning set forth in Section 2.10.

     “Deferred Interest” shall have the meaning set forth in Section 16.01.

     “Definitive Securities” shall mean those securities issued in fully registered certificated
form not otherwise in global form.

     “Depository” shall mean, with respect to Securities, for which the Company shall determine
that such Securities will be issued as a Global Security, The Depository Trust Company, New York,
New York, another clearing agency, or any successor registered as a clearing agency under the
Exchange Act or other applicable statute or regulation, which, in each case, shall be designated by
the Company pursuant to Section 2.04(d).

     “Dissolution Event” means the liquidation of Vineyard Statutory Trust X pursuant to the
Declaration, and the distribution of the Securities held by the Property Trustee to the holders of
the Trust Securities issued by Vineyard Statutory Trust X pro rata in accordance with the
Declaration.

     “Event of Default” shall mean any event specified in Section 5.01, continued for the period of
time, if any, and after the giving of the notice, if any, therein designated.

     “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

     “Extended Interest Payment Period” shall have the meaning set forth in Section 16.01.

     “Global Security” means, with respect to the Securities, a Security executed by the Company
and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in
accordance with the Indenture, which shall be registered in the name of the Depositary or its
nominee.

     “Indebtedness” shall mean with respect to any Person, whether recourse is to all or a portion
of the assets of such Person and whether or not contingent, (i) every obligation of such Person for
money borrowed; (ii) every obligation of such Person evidenced by bonds, debentures, notes or other
similar instruments, including obligations incurred in connection with the acquisition of property,
assets or businesses; (iii) every reimbursement obligation of such Person with respect to letters
of credit, bankers’ acceptances or similar facilities issued for the account of such Person; (iv)
every obligation of such Person issued or assumed as the deferred

3

 

purchase price of property or services (but excluding trade accounts payable or accrued
liabilities arising in the ordinary course of business); (v) every capital lease obligation of such
Person; (vi) all indebtedness of such Person whether incurred on or prior to the date of the
Indenture or thereafter incurred, for claims in respect of derivative products, including interest
rate, foreign exchange rate and commodity forward contracts, options and swaps and similar
arrangements; and (vii) every obligation of the type referred to in clauses (i) through (vi) of
another Person and all dividends of another Person the payment of which, in either case, such
Person has guaranteed or is responsible or liable, directly or indirectly, as obligor or otherwise.

     “Indenture” shall mean this instrument as originally executed or, if amended as herein
provided, as so amended.

     “Interest Payment Date” shall have the meaning set forth in Section 2.05(a).

     “Investment Company Event” means the receipt by Vineyard Statutory Trust X and the Company of
an Opinion of Counsel, rendered by a law firm experienced in such matters, to the effect that, as a
result of change in law or regulation or a change in interpretation or application of law or
regulation by any legislative body, court, governmental agency or regulatory authority Vineyard
Statutory Trust X is or will be considered an “investment company” that is required to be
registered under the Investment Company Act of 1940, as amended, which change becomes effective on
or after the date of original issuance of the Preferred Securities of Vineyard Statutory Trust X.

     “Maturity
Date” shall mean ______
___, 200___.

     “Mortgage” shall mean and include any mortgage, pledge, lien, security interest, conditional
sale or other title retention agreement or other similar encumbrance.

     “Non Book-Entry Preferred Securities” shall have the meaning set forth in Section 2.04(a)(ii).

     “Officer” shall mean any of the Chairman, a Vice Chairman, the Chief Executive Officer, the
President, the Chief Financial Officer, a Vice President, the Comptroller, the Secretary or an
Assistant Secretary of the Company.

     “Officers’ Certificate” shall mean a certificate signed by two Officers and delivered to the
Trustee.

     “Opinion of Counsel” shall mean a written opinion of counsel, who may be an employee of the
Company unless otherwise provided herein, and who shall be acceptable to the Trustee.

     “Other Debentures” means all junior subordinated debentures issued by the Company from time to
time and sold to trusts established or to be established by the Company, in each case similar to
the Trust.

     “Other Guarantees” means all guarantees issued or to be issued by the Company with respect to
preferred securities and issued to other trusts to be established by the Company, in each case
similar to the Trust.

4

 

     “Outstanding,” when used with reference to Securities, shall, subject to the provisions of
Section 7.04, mean, as of any particular time, all Securities authenticated and delivered by the
Trustee or the Authenticating Agent under this Indenture, except

     (a) Securities theretofore cancelled by the Trustee or the Authenticating Agent or
delivered to the Trustee for cancellation;

     (b) Securities, or portions thereof, for the payment or redemption of which moneys in
the necessary amount shall have been deposited in trust with the Trustee or with any paying
agent (other than the Company) or shall have been set aside and segregated in trust by the
Company (if the Company shall act as its own paying agent); provided that, if such
Securities, or portions thereof, are to be redeemed prior to maturity thereof, notice of
such redemption shall have been given as in Article XIV provided or provision satisfactory
to the Trustee shall have been made for giving such notice; and

     (c) Securities in lieu of or in substitution for which other Securities shall have
been authenticated and delivered pursuant to the terms of Section 2.08 unless proof
satisfactory to the Company and the Trustee is presented that any such Securities are held
by bona fide holders in due course; provided, however, that in determining whether the
Holders of the requisite principal amount of Outstanding Securities have given any request,
demand, authorization, direction, notice, consent or waiver hereunder, Securities owned by
the Company or any other obligor upon the Securities or any Affiliate of the Company or such
other obligor shall be disregarded and deemed not to be Outstanding, except that, in
determining whether the Trustee shall be protected in relying upon any such request, demand,
authorization, direction, notice, consent or waiver, only Securities which the Trustee
actually knows to be so owned shall be so disregarded. Securities so owned which have been
pledged in good faith may be regarded as Outstanding if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities
and that the pledgee is not the Company or any other obligor upon the Securities or any
Affiliate of the Company or such other obligor. Upon the written request of the Trustee,
the Company shall furnish to the Trustee promptly an Officers’ Certificate listing and
identifying all Securities, if any, known by the Company to be owned or held by or for the
account of the Company, or any other obligor on the Securities or any Affiliate of the
Company or such obligor, and, subject to the provisions of Section 6.01, the Trustee shall
be entitled to accept such Officers’ Certificate as conclusive evidence of the facts therein
set forth and of the fact that all Securities not listed therein are Outstanding for the
purpose of any such determination.

     “Person” shall mean any individual, corporation, estate, partnership, joint venture,
association, joint-stock company, limited liability company, trust, unincorporated organization or
government or any agency or political subdivision thereof.

     “Predecessor Security” of any particular Security means every previous Security evidencing all
or a portion of the same debt as that evidenced by such particular Security; and, for the purposes
of this definition, any Security authenticated and delivered under Section 2.07 in lieu of a lost,
destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or
stolen Security.

5

 

     “Preferred Securities” shall mean undivided beneficial interests in the assets of Vineyard
Statutory Trust X which rank pari passu with the Common Securities issued by Vineyard Statutory
Trust X; provided, however, that if an Event of Default has occurred and is continuing, no payments
in respect of Distributions on, or payments upon liquidation, redemption or otherwise with respect
to, the Common Securities shall be made until the holders of the Preferred Securities shall be paid
in full the Distributions and the liquidation, redemption and other payments to which they are
entitled.

     “Preferred Securities Guarantee” shall mean any guarantee that the Company may enter into with
Wilmington Trust Company, as trustee or other Persons that operates directly or indirectly for the
benefit of holders of Preferred Securities.

     “Principal Office of the Trustee,” or other similar term, shall mean the office of the
Trustee, at which at any particular time its corporate trust business shall be principally
administered.

     “Property Trustee” shall have the same meaning as set forth in the Declaration.

     “Redemption Date” when used with respect to any Security to be redeemed, means the date fixed
for such redemption by or pursuant to this Indenture.

     “Redemption Price” when used with respect to any Security to be redeemed, means the price at
which it is to be redeemed pursuant to Section 14.01 of this Indenture.

     “Regulatory Capital Event” means that the Company shall have received an opinion of bank
regulatory counsel (who shall not be an employee of the Company) experienced in such matters to the
effect that, as a result of (a) any amendment to, or change (including any announced prospective
change) in, the laws (or any regulations thereunder) of the United States or any rules, guidelines
or policies of applicable regulatory agencies or (b) any official administrative pronouncement or
judicial decision interpreting or applying such laws or regulations, which amendment or change is
effective or such pronouncement or decision is announced on or after the date of this Indenture,
the Preferred Securities do not constitute, or within 90 days of the date thereof, will not
constitute, Tier I Capital (or its then equivalent) for purposes of the capital adequacy guidelines
of the Board of Governors of the Federal Reserve (or any successor regulatory authority with
jurisdiction over bank holding companies), or any capital adequacy guidelines as then in effect and
applicable to the Company; provided, however, that the distribution of the Junior Subordinated
Debentures in connection with a termination of the Trust by the Company shall not in and of itself
constitute a Regulatory Capital Event.

     “Responsible Officer” shall mean any officer in the corporate trust department of the Trustee
with direct responsibility for the administration of the Indenture and also means, with respect to
a particular corporate trust matter, any other officer to whom such matter is referred because of
his knowledge of and familiarity with the particular subject.

     “Securities” or “Security” mean, any debt securities or debt security, as the case may be,
authenticated and delivered under this Indenture.

     “Securities Act” shall mean the Securities Act of 1933, as amended.

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     “Securityholder,” “ holder of Securities,” or other similar terms, shall mean any Person in
whose name at the time a particular Security is registered on the register kept by the Company or
the Trustee for that purpose in accordance with the terms hereof.

     “Security Register” shall have the meaning specified in Section 2.06.

     “Senior and Subordinated Indebtedness” means the principal of (and premium, if any) and
interest, if any (including interest accruing on or after the filing of any petition in bankruptcy
or for reorganization relating to the Company whether or not such claim for post-petition interest
is allowed in such proceeding), on Indebtedness of the Company, whether incurred on or prior to the
date of this Indenture or thereafter incurred, unless, in the instrument creating or evidencing the
same or pursuant to which the same is outstanding it is provided that such obligations are not
superior in right of payment to the Securities or other Indebtedness which is pari passu with, or
subordinated to, the Securities, provided, however, that Senior and Subordinated Indebtedness shall
not be deemed to include (a) any Indebtedness of the Company which, when incurred and without
respect to any election under Section 1111(b) of the Bankruptcy Reform Act of 1978, as amended, was
without recourse to the Company, (b) any Indebtedness of the Company to any of its Subsidiaries,
(c) Indebtedness to any employee of the Company, and (d) any Securities.

     “Special Event” means either an Investment Company Event, a Regulatory Capital Event or a Tax
Event.

     “Subsidiary” shall mean with respect to any Person, (i) any corporation at least a majority of
the outstanding voting stock of which is owned, directly or indirectly, by such Person or by one or
more of its Subsidiaries, or by such Person and one or more of its Subsidiaries, (ii) any general
partnership, joint venture or similar entity, at least a majority of whose outstanding partnership
or similar interests shall at the time be owned by such Person, or by one or more of its
Subsidiaries, or by such Person and one or more of its Subsidiaries and (iii) any limited
partnership of which such Person or any of its Subsidiaries is a general partner. For the purposes
of this definition, “voting stock” means shares, interests, participation or other equivalents in
the equity interest (however designated) in such Person having ordinary voting power for the
election of a majority of the directors (or the equivalent) of such Person, other than shares,
interests, participation or other equivalents having such power only by reason of the occurrence of
a contingency.

     “Tax Event” shall mean the receipt by Vineyard Statutory Trust X and the Company of an opinion
of counsel experienced in such matters to the effect that, as a result of any amendment to, or
change (including any announced prospective change) in, the laws or any regulations thereunder of,
the United States, any political subdivision thereof, or taxing authority of the United States or
as a result of any official administrative pronouncement or judicial decision interpreting or
applying such laws or regulations, which amendment or change is effective or which pronouncement or
decision is announced on or after the date of this Indenture, there is more than an insubstantial
risk that (i) Vineyard Statutory Trust X is, or will be within 90 days of the date of such opinion,
subject to United States Federal income tax with respect to income received or accrued on the
Securities, (ii) interest payable by the Company on the Securities is not, or within 90 days of the
date of such opinion, will not be, deductible by the Company, in whole or in part, for United
States Federal income tax purposes or (iii) Vineyard Statutory Trust

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X is, or will be within 90 days of the date of such opinion, subject to more than a de minimis
amount of other taxes, duties or other governmental charges.

     Trust Indenture Act of 1939” shall mean the Trust Indenture Act of 1939 as in force at the
date of execution of this Indenture; provided, however, that, in the event the Trust Indenture Act
of 1939 is amended after such date, “Trust Indenture Act of 1939” shall mean, to the extent
required by any such amendment, the Trust Indenture Act of 1939 as so amended.

     “Trustee” shall mean the Person identified as “Trustee” in the first paragraph hereof, and,
subject to the provisions of Article VI hereof, shall also include its successors and assigns as
Trustee hereunder. The term “Trustee” as used with respect to a particular series of the
Securities shall mean the trustee with respect to that series.

     “Trust Securities” shall mean the Preferred Securities and the Common Securities,
collectively.

     “Underwriting
Agreement” shall mean the Underwriting Agreement dated ______
___, 200___
among the Company, Vineyard Statutory Trust X and the underwriters named therein.

     “U.S. Government Obligations” shall mean securities that are (i) direct obligations of the
United States of America for the payment of which its full faith and credit is pledged or (ii)
obligations of a Person controlled or supervised by and acting as an agency or instrumentality of
the United States of America the payment of which is unconditionally guaranteed as a full faith and
credit obligation by the United States of America, which, in either case under clauses (i) or (ii)
are not callable or redeemable at the option of the issuer thereof, and shall also include a
depository receipt issued by a bank or trust company as custodian with respect to any such U.S.
Government Obligation or a specific payment of interest on or principal of any such U.S. Government
Obligation held by such custodian for the account of the holder of a depository receipt, provided
that (except as required by law) such custodian is not authorized to make any deduction from the
amount payable to the holder of such depository receipt from any amount received by the custodian
in respect of the U.S. Government Obligation or the specific payment of interest on or principal of
the U.S. Government Obligation evidenced by such depository receipt.

     “Vineyard Statutory Trust X” or the “Trust” shall mean Vineyard Statutory Trust X, a Delaware
statutory trust created for the purpose of issuing its undivided beneficial interests in connection
with the issuance of Securities under this Indenture.

ARTICLE
II

SECURITIES

Section 2.01. Forms Generally.

     The Securities and the Trustee’s certificate of authentication shall be substantially in the
form of Exhibit A, the terms of which are incorporated in and made a part of this Indenture. The
Securities may have notations, legends or endorsements required by law, stock exchange rule,

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agreements to which the Company is subject or usage. Each Security shall be dated the date of
its authentication. The Securities shall be issued in denominations
of $______ and integral
multiples thereof.

Section 2.02. Execution and Authentication.

     The Securities shall be executed on behalf of the Company by a duly authorized Officer and
attested by a Secretary or an Assistant Secretary. The signature of any such person on the
Securities may be manual or facsimile. If an Officer whose signature is on a Security no longer
holds that office at the time the Security is authenticated, the Security shall nevertheless be
valid.

     A Security shall not be valid until authenticated by the manual signature of the Trustee. The
signature of the Trustee shall be conclusive evidence that the Security has been authenticated
under this Indenture. The form of Trustee’s certificate of authentication to be borne by the
Securities shall be substantially as set forth in Exhibit A hereto.

     The Trustee shall, upon a Company Order, authenticate for original issue up to, and the
aggregate principal amount of Securities outstanding at any time may not exceed $______
aggregate principal amount of the Securities, except as provided in Sections 2.06, 2.07, 2.08 and
14.05.

Section 2.03. Form and Payment.

     Except as provided in Section 2.04, the Securities shall be issued in fully registered
certificated form without interest coupons. Principal of and interest on the Securities issued in
certificated form will be payable, the transfer of such Securities will be registrable and such
Securities will be exchangeable for Securities bearing identical terms and provisions at the office
or agency of the Company maintained for such purpose under Section 3.02; provided, however, that
payment of interest with respect to Securities (other than a Global Security) may be made at the
option of the Company (i) by check mailed to the holder at such address as shall appear in the
Security Register or (ii) by transfer to an account maintained by the Person entitled thereto,
provided that proper transfer instructions have been received in writing by the relevant record
date.

Section 2.04. Global Security.

(a) In connection with a Dissolution Event,

          (i) if any Preferred Securities are held in book-entry form, the related Definitive
Securities shall be presented to the Trustee (if an arrangement with the Depositary has been
maintained) by the Property Trustee in exchange for one or more Global Securities (as may be
required pursuant to Section 2.06) in an aggregate principal amount equal to the aggregate
principal amount of all outstanding Securities, to be registered in the name of the
Depositary, or its nominee, and delivered by the Trustee to the Depositary for crediting to
the accounts of its participants pursuant to the instructions of the Administrative
Trustees; the Company upon any such presentation shall execute one or more Global Securities
in such aggregate principal amount and deliver the same to the Trustee for authentication
and delivery in accordance with this Indenture; and

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        payments on the Securities issued as a Global Security will be made to the Depositary;
and

          (ii) if any Preferred Securities are held in certificated form, the related Definitive
Securities may be presented to the Trustee by the Property Trustee and any Preferred
Security certificate which represents Preferred Securities other than Preferred Securities
in book-entry form (“Non Book-Entry Preferred Securities”) will be deemed to represent
beneficial interests in Securities presented to the Trustee by the Property Trustee having
an aggregate principal amount equal to the aggregate liquidation amount of the Non
Book-Entry Preferred Securities until such Preferred Security certificates are presented to
the Security Registrar for transfer or reissuance, at which time such Preferred Security
certificates will be cancelled and a Security, registered in the name of the holder of the
Preferred Security certificate or the transferee of the holder of such Preferred Security
certificate, as the case may be, with an aggregate principal amount equal to the aggregate
liquidation amount of the Preferred Security certificate cancelled, will be executed by the
Company and delivered to the Trustee for authentication and delivery in accordance with this
Indenture. Upon the issuance of such Securities, Securities with an equivalent aggregate
principal amount that were presented by the Property Trustee to the Trustee will be
cancelled.

     (b) The Global Securities shall represent the aggregate amount of outstanding Securities from
time to time endorsed thereon; provided, that the aggregate amount of outstanding Securities
represented thereby may from time to time be reduced or increased, as appropriate, to reflect
exchanges and redemptions. Any endorsement of a Global Security to reflect the amount of any
increase or decrease in the amount of outstanding Securities represented thereby shall be made by
the Trustee, in accordance with instructions given by the Company as required by this Section 2.04.

     (c) The Global Securities may be transferred, in whole but not in part, only to the
Depositary, another nominee of the Depositary, or to a successor Depositary selected or approved by
the Company or to a nominee of such successor Depositary.

     (d) If at any time the Depositary notifies the Company that it is unwilling or unable to
continue as Depositary or the Depositary has ceased to be a clearing agency registered under the
Exchange Act, and a successor Depositary is not appointed by the Company within 90 days after the
Company receives such notice or becomes aware of such condition, as the case may be, the Company
will execute, and the Trustee, upon receipt of a Company Order, will authenticate and make
available for delivery the Definitive Securities, in authorized denominations, and in an aggregate
principal amount equal to the principal amount of the Global Security in exchange for such Global
Security. If there is an Event of Default, the Depositary shall have the right to exchange the
Global Securities for Definitive Securities. In addition, the Company may at any time determine
that the Securities shall no longer be represented by a Global Security. In the event of such an
Event of Default or such a determination, the Company shall execute, and subject to Section 2.06,
the Trustee, upon receipt of an Officers’ Certificate evidencing such determination by the Company
and a Company Order, will authenticate and make available for delivery the Definitive Securities,
in authorized denominations, and in an aggregate principal amount equal to the principal amount of
the Global Security in exchange for such Global

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Security. Upon the exchange of the Global Security for such Definitive Securities, in
authorized denominations, the Global Security shall be cancelled by the Trustee. Such Definitive
Securities issued in exchange for the Global Security shall be registered in such names and in such
authorized denominations as the Depositary, pursuant to instructions from its direct or indirect
participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Definitive
Securities to the Depositary for delivery to the Persons in whose names such Definitive Securities
are so registered.

Section 2.05. Interest.

     (a) Each Security will bear interest at the rate of ___% per annum (the “Coupon Rate”) from
the most recent date to which interest has been paid or duly provided for or, if no interest has
been paid or duly provided for, from ______
___, 200___, until the principal thereof becomes due
and payable on the next succeeding Interest Payment Date (as defined below), and at the Coupon Rate
on any overdue principal and (to the extent that payment of such interest is enforceable under
applicable law) on any overdue installment of interest, compounded quarterly payable (subject to
the provisions of Article XVI) quarterly in arrears on the last day of March, June, September and
December of each year (each, an “Interest Payment Date”) commencing on ______
___, 200___, to the
Person in whose name such Security or any predecessor Security is registered, at the close of
business on the regular record date for such interest installment, which shall be the Business Day
next preceding such Interest Payment Date; provided, however, that in the event that the Preferred
Securities are no longer in book-entry only form or this Security (or one or more predecessor
Securities) are not represented by a Global Security, the record date for such payment shall be the
fifteenth day of the month in which such payment is due.

     (b) Interest will be computed on the basis of a 360-day year consisting of twelve 30-day
months and, for any period of less than a full calendar quarter, the number of days lapsed in such
quarter based upon 30-day months. In the event that any Interest Payment Date falls on a day that
is not a Business Day, then payment of interest payable on such date will be made on the next
succeeding day which is a Business Day (and without any interest or other payment in respect of any
such delay), except that if such next succeeding Business Day falls in the next succeeding calendar
year, then such payment shall be made on the immediately preceding Business Day, in each case with
the same force and effect as if made on such date.

     (c) During such time as the Property Trustee is the holder of any Securities, the Company
shall pay any additional amounts on the Securities as may be necessary in order that the amount of
Distributions then due and payable by the Trust on the outstanding Trust Securities shall not be
reduced as a result of any additional taxes, duties, assessments and other governmental charges to
which Vineyard Statutory Trust X or the Property Trustee has become subject as a result of a Tax
Event (“Additional Sums”). Whenever in this Indenture or the Securities there is a reference in
any context to the payment of principal of or interest on the Securities, such mention shall be
deemed to include mention of the payments of the Additional Sums provided for in this paragraph to
the extent that, in such context, Additional Sums are, were or would be payable in respect thereof
pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums
(if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in
those provisions hereof where such express

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mention is not made; provided, however, that the deferral of the payment of interest pursuant
to Section 16.01 or the Securities shall not defer the payment of any Additional Sums that may be
due and payable.

Section 2.06. Transfer and Exchange.

     The Company shall cause to be kept at the Principal Office of the Trustee a register in which,
subject to such reasonable regulations as it may prescribe, the Company shall provide for the
registration of Securities and of transfers of Securities. Such register is herein sometimes
referred to as the “Securities Register.”

     To permit registrations of transfers, the Company shall execute and the Trustee shall
authenticate Definitive Securities and Global Securities at the Security Registrar’s request. All
Definitive Securities and Global Securities issued upon any registration of transfer or exchange of
Definitive Securities or Global Securities shall be the valid obligations of the Company,
evidencing the same debt, and entitled to the same benefits under this Indenture, as the Definitive
Securities or Global Securities surrendered upon such registration of transfer or exchange.

     Upon surrender for registration of transfer of any Security at the office or agency of the
Company designated for that purpose the Company shall execute, and the Trustee shall authenticate
and deliver, in the name of the designated transferee or transferees, one or more new Securities of
the same series of any authorized denominations, of a like aggregate principal amount, of the same
original issue date and Stated Maturity Date and having the same terms.

     At the option of the holder, Securities may be exchanged for other Securities of the same
series of any authorized denominations, of a like aggregate principal amount, of the same original
issue date and Stated Maturity Date and having the same terms, upon surrender of the Securities to
be exchanged at such office or agency. Whenever any securities are so surrendered for exchange, the
Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the
holder making the exchange is entitled to receive.

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

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

     Prior to due presentment for the registration of a transfer of any Security, the Trustee, the
Company and any agent of the Trustee or the Company may deem and treat the Person in whose name any
Security is registered as the absolute owner of such Security for the purpose of receiving payment
of principal of and interest on such Securities, neither the Trustee, nor the Company nor any agent
of the Trustee or the Company shall be affected by notice to the contrary.

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Section 2.07. Replacement Securities.

     If any mutilated Security is surrendered to the Trustee, or the Company and the Trustee
receive evidence to their satisfaction of the destruction, loss or theft of any Security, the
Company shall issue and the Trustee shall authenticate a replacement Security if the Trustee’s
requirements for replacements of Securities are met. An indemnity bond must be supplied by the
holder that is sufficient in the judgment of the Trustee and the Company to protect the Company,
the Trustee, any agent thereof or any authenticating agent from any loss that any of them may
suffer if a Security is replaced. The Company or the Trustee may charge for its expenses in
replacing a Security.

     Every replacement Security is an obligation of the Company and shall be entitled to all of the
benefits of this Indenture equally and proportionately with all other Securities duly issued
hereunder.

Section 2.08. Temporary Securities.

     Pending the preparation of Definitive Securities, the Company may execute, and upon Company
Order the Trustee shall authenticate and make available for delivery, temporary Securities that are
printed, lithographed, typewritten, mimeographed or otherwise reproduced, in any authorized
denomination, substantially of the tenor of the Definitive Securities in lieu of which they are
issued and with such appropriate insertions, omissions, substitutions and other variations as the
officers executing such Securities may determine, as conclusively evidenced by their execution of
such Securities.

     If temporary Securities are issued, the Company shall cause Definitive Securities to be
prepared without unreasonable delay. The Definitive Securities shall be printed, lithographed or
engraved, or provided by any combination thereof, or in any other manner permitted by the rules and
regulations of any applicable securities exchange, all as determined by the officers executing such
Definitive Securities. After the preparation of Definitive Securities, the temporary Securities
shall be exchangeable for Definitive Securities upon surrender of the temporary Securities at the
office or agency maintained by the Company for such purpose pursuant to Section 3.02 hereof,
without charge to the Holder. Upon surrender for cancellation of any one or more temporary
Securities, the Company shall execute, and the Trustee shall authenticate and make available for
delivery, in exchange therefor the same aggregate principal amount of Definitive Securities of
authorized denominations. Until so exchanged, the temporary Securities shall in all respects be
entitled to the same benefits under this Indenture as Definitive Securities.

Section 2.09. Cancellation.

     The Company at any time may deliver Securities to the Trustee for cancellation. The Trustee
and no one else shall cancel all Securities surrendered for registration of transfer, exchange,
payment, replacement or cancellation and shall retain or dispose of cancelled Securities in
accordance with its normal practices (subject to the record retention requirement of the Exchange
Act) unless the Company directs them to be returned to it. The Company may not issue new
Securities to replace Securities that have been redeemed or paid or that have been delivered to the
Trustee for cancellation.

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Section 2.10. Defaulted Interest.

     Any interest on any Security that is payable, but is not punctually paid or duly provided for,
on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be
payable to the holder on the relevant regular record date by virtue of having been such holder; and
such Defaulted Interest shall be paid by the Company, at its election, as provided in clause (a) or
clause (b) below:

     (a) The Company may make payment of any Defaulted Interest on Securities to the Persons in
whose names such Securities (or their respective Predecessor Securities) are registered at the
close of business on a special record date for the payment of such Defaulted Interest, which shall
be fixed in the following manner: the Company shall notify the Trustee in writing of the amount of
Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment,
and at the same time the Company shall deposit with the Trustee an amount of money equal to the
aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make
arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed
payment, such money when deposited to be held in trust for the benefit of the Persons entitled to
such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a special
record date for the payment of such Defaulted Interest which shall not be more than 15 nor less
than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt
by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company
of such special record date and, in the name and at the expense of the Company, shall cause notice
of the proposed payment of such Defaulted Interest and the special record date therefor to be
mailed, first class postage prepaid, to each Securityholder at his or her address as it appears in
the Security Register, not less than 10 days prior to such special record date. Notice of the
proposed payment of such Defaulted Interest and the special record date therefor having been mailed
as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Securities
(or their respective Predecessor Securities) are registered on such special record date and shall
be no longer payable pursuant to the following clause (b).

     (b) The Company may make payment of any Defaulted Interest on any Securities in any other
lawful manner not inconsistent with the requirements of any securities exchange on which such
Securities may be listed, and upon such notice as may be required by such exchange, if, after
notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such
manner of payment shall be deemed practicable by the Trustee.

Section 2.11. CUSIP Numbers.

     The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and,
if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to
Securityholders; provided that any such notice may state that no representation is made as to the
correctness of such numbers either as printed on the Securities or as contained in any notice of a
redemption and that reliance may be placed only on the other identification numbers printed on the
Securities, and any such redemption shall not be affected by any defect in or omission of such
numbers. The Company will promptly notify the Trustee of any change in the CUSIP numbers.

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ARTICLE III

PARTICULAR COVENANTS OF THE COMPANY

Section 3.01. Payment of Principal and Interest.

     The Company covenants and agrees for the benefit of the holders of the Securities that it will
duly and punctually pay or cause to be paid the principal of and interest on the Securities at the
place, at the respective times and in the manner provided herein. Except as provided in Section
2.03, each installment of interest on the Securities may be paid by mailing checks for such
interest payable to the order of the holder of Security entitled thereto as they appear in the
Security Register. The Company further covenants to pay any and all amounts, including, without
limitation,

     Additional Sums, as may be required pursuant to Section 2.05(c), and Compounded Interest, as
may be required pursuant to Section 16.01.

     By ___:00 ___.m. New York time on the date specified herein for the payment of principal and
interest, the Company will deposit with the Trustee or with one or more paying agents an amount of
money sufficient to cover the required payment with respect to the Securities.

Section 3.02. Offices for Notices and Payments, etc.

     So long as any of the Securities remain outstanding, the Company will maintain in Wilmington,
Delaware, an office or agency where the Securities may be presented for payment, an office or
agency where the Securities may be presented for registration of transfer and for exchange as in
this Indenture provided and an office or agency where notices and demands to or upon the Company in
respect of the Securities or of this Indenture may be served. The Company will give to the Trustee
written notice of the location of any such office or agency and of any change of location thereof.
Until otherwise designated from time to time by the Company in a notice to the Trustee, any such
office or agency for all of the above purposes shall be the Principal Office of the Trustee. In
case the Company shall fail to maintain any such office or agency in Wilmington, Delaware, or shall
fail to give such notice of the location or of any change in the location thereof, presentations
and demands may be made and notices may be served at the Principal Office of the Trustee.

     In addition to any such office or agency, the Company may from time to time designate one or
more offices or agencies outside the Borough of Manhattan, The City of New York, where the
Securities may be presented for payment, registration of transfer and for exchange in the manner
provided in this Indenture, and the Company may from time to time rescind such designation, as the
Company may deem desirable or expedient; provided, however, that no such designation or rescission
shall in any manner relieve the Company of its obligation to maintain any such office or agency in
the Borough of Manhattan, The City of New York, for the purposes above mentioned. The Company will
give to the Trustee prompt written notice of any such designation or rescission thereof.

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Section 3.03. Appointments to Fill Vacancies in Trustee’s Office.

     The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will
appoint, in the manner provided in Section 6.10, a Trustee, so that there shall at all times be a
Trustee hereunder.

Section 3.04. Provision as to Paying Agent.

     (a) If the Company shall appoint a paying agent other than the Trustee with respect to the
Securities, it will cause such paying agent to execute and deliver to the Trustee an instrument in
which such agent shall agree with the Trustee, subject to the provision of this Section 3.04,

(1) that it will hold all sums held by it as such agent for the payment of the
principal of or interest (including Additional Sums and Com pounded Interest, if
any) on the Securities (whether such sums have been paid to it by the Company or by
any other obligor on the Securities) in trust for the benefit of the holders of the
Securities; and

(2) that it will give the Trustee notice of any failure by the Company (or by any
other obligor on the Securities) to make any payment of the principal of or interest
(including Additional Sums and Compounded Interest, if any) on the Securities when
the same shall be due and payable.

     (b) If the Company shall act as its own paying agent, it will, on or before each due date of
the principal of or interest (including Additional Sums and Compounded Interest, if any) on the
Securities, set aside, segregate and hold in trust for the benefit of the holders of the Securities
a sum sufficient to pay such principal or interest (including Additional Sums and Compounded
Interest, if any) so becoming due and will notify the Trustee of any failure to take such action
and of any failure by the Company (or by any other obligor under the Securities) to make any
payment of the principal of or interest (including Additional Sums and Compounded Interest, if any)
on the Securities when the same shall become due and payable. Whenever the Company shall have one
or more paying agents for the Securities, it will, on or prior to each due date of the principal of
or interest (including Additional Sums and Compounded Interest, if any) on the Securities, deposit
with the paying agent a sum sufficient to pay the principal or interest (including Additional Sums
and Compounded Interest, if any) so becoming due, such sum to be held in trust for the benefit of
the Persons entitled to such principal or interest (including Additional Sums and Compounded
Interest, if any) and (unless such paying agent is the Trustee) the Company will promptly notify
the Trustee of this action or failure so to act.

     (c) Anything in this Section 3.04 to the contrary notwithstanding, the Company may, at any
time, for the purpose of obtaining a satisfaction and discharge with respect to the Securities
hereunder, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust
for such Securities by the Trustee or any paying agent hereunder, as required by this Section 3.04,
such sums to be held by the Trustee upon the trusts herein contained.

     (d) Anything in this Section 3.04 to the contrary notwithstanding, the agreement to hold sums
in trust as provided in this Section 3.04 is subject to Sections 11.03 and 11.04.

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Section 3.05. Certificate to Trustee.

     The Company will deliver to the Trustee on or before 120 days after the end of each fiscal
year in each year, commencing with the first fiscal year ending after the date hereof, so long as
Securities are outstanding hereunder, an Officers’ Certificate, one of the signers of which shall
be the principal executive, principal financial or principal accounting officer of the Company,
stating that in the course of the performance by the signers of their duties as officers of the
Company they would normally have knowledge of any default by the Company in the performance of any
covenants and conditions contained herein, stating whether or not they have knowledge of any such
default and, if so, specifying each such default of which the signers have knowledge and the nature
thereof. For purposes of this section such default shall be determined without regard to any
period of grace or requirement of notice.

Section 3.06. Compliance with Consolidation Provisions.

     The Company will not, while any of the Securities remain outstanding, consolidate with, or
merge into, or merge into itself, or sell or convey all or substantially all of its property to any
other Person unless the provisions of Article X hereof are complied with.

Section 3.07. Limitation on Dividends.

     The Company will not (i) declare or pay any dividends or distributions on, or redeem,
purchase, acquire, or make a liquidation payment with respect to, any of the Company’s capital
stock (which includes common and preferred stock), (ii) make any payment of principal, premium, if
any, or interest on or repay or repurchase or redeem any debt securities of the Company (including
Other Debentures) that rank pari passu with or junior in right of payment to the Securities or
(iii) make any guarantee payments with respect to any guarantee by the Company of the debt
securities of any Subsidiary of the Company (including Other Guarantees) if such guarantee ranks
pari passu or junior in right of payment to the Securities (other than (a) dividends or
distributions in shares of, or options, warrants or rights to subscribe for or purchase shares of,
Common Stock of the Company, (b) any declaration of a dividend in connection with the
implementation of a stockholder’s rights plan, or the issuance of stock under any such plan in the
future, or the redemption or repurchase of any such rights pursuant thereto, (c) payments under the
Preferred Securities Guarantee, (d) the purchase of fractional shares resulting from a
reclassification of the Company’s capital stock, (e) the purchase of fractional interests in shares
of the Company’s capital stock pursuant to the conversion or exchange provisions of such capital
stock or the security being converted or exchanged and (f) purchases of Common Stock related to the
issuance of Common Stock or rights under any of the Company’s benefit plans for its directors,
officers or employees or any of the Company’s dividend reinvestment plans), if at such time(1)
there shall have occurred any event that would constitute an Event of Default, (2) if such
Securities are held by the Property Trustee and the Company shall be in default with respect to its
payment obligations under the Preferred Securities Guarantee or (3) the Company shall have given
notice of its election of the exercise of its right to extend the interest payment period pursuant
to Section 16.01 and any such extension shall be continuing.

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Section 3.08. Covenants as to Vineyard Statutory Trust X

     In the event Securities are issued to Vineyard Statutory Trust X or a trustee of such Trust in
connection with the issuance of Trust Securities by Vineyard Statutory Trust X, for so long as such
Trust Securities remain outstanding, the Company (i) will maintain 100% direct or indirect
ownership of the Common Securities of Vineyard Statutory Trust X; provided, however, that any
successor of the Company, permitted pursuant to Article X, may succeed to the Company’s ownership
of such Common Securities, (ii) will not cause, as Sponsor of the Trust, or permit, as holder of
the Common Securities, the dissolution or winding-up of the Trust, except in connection with the
distribution of the Junior Subordinated Debentures or certain mergers, consolidations or
amalgamation, each as permitted by the Declaration, (iii) will timely perform its duties as Sponsor
of the Trust, (iv) will use its reasonable best efforts to cause Vineyard Statutory Trust X (a) to
remain a statutory trust, except in connection with a distribution of Securities to the holders of
Trust Securities in liquidation of the Trust, the redemption of all of the Trust Securities of
Vineyard Statutory Trust X or certain mergers, consolidations or amalgamations, each as permitted
by the Declaration, and (b) to otherwise continue to be treated as a grantor trust and not an
association taxable as a corporation for United States federal income tax purposes and (v) will use
its reasonable best efforts to cause each holder of Trust Securities to be treated as owning an
undivided beneficial interest in the Securities.

Section 3.09. Payment of Expenses.

     In connection with the offering, sale and issuance of the Securities to Vineyard Statutory
Trust X and in connection with the sale of the Trust Securities by Vineyard Statutory Trust X, the
Company, in its capacity as borrower with respect to the Securities, shall:

     (a) pay all costs and expenses relating to the offering, sale and issuance of the Securities,
including commissions to the underwriters payable pursuant to the Underwriting Agreement and
compensation of the Trustee in accordance with the provisions of Section 6.06;

     (b) pay all costs and expenses of the Trust (including, but not limited to, costs and
expenses relating to the organization of Vineyard Statutory Trust X, the offering, sale and
issuance of the Trust Securities (including commissions to the underwriters in connection
therewith), the fees and expenses of the Property Trustee and the Delaware Trustee, the costs and
expenses relating to the operation of Vineyard Statutory Trust X, including without limitation,
costs and expenses of accountants, attorneys, statistical or bookkeeping services, expenses for
printing and engraving and computing or accounting equipment, paying agent(s), registrar(s),
transfer agent(s), duplicating, travel and telephone and other telecommunications expenses and
costs and expenses incurred in connection with the acquisition, financing, and disposition of
assets of Vineyard Statutory Trust X;

     (c) be primarily and fully liable for any indemnification obligations arising with respect to
the Declaration;

     (d) pay any and all taxes (other than United States withholding taxes attributable to
Vineyard Statutory Trust X or its assets) and all liabilities, costs and expenses with respect to
such taxes of the Trust; and

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     (e) pay all other fees, expenses, debts and obligations (other than in respect of principal
and interest on the Trust Securities) related to Vineyard Statutory Trust X.

Section 3.10. Payment Upon Resignation or Removal.

     Upon termination of this Indenture or the removal or resignation of the Trustee, unless
otherwise stated, the Company shall pay to the Trustee all amounts accrued and owing to the date of
such termination, removal or resignation. Upon termination of the Declaration or the removal or
resignation of the Delaware Trustee or the Property Trustee, as the case may be, pursuant to
Section 5.7 of the Declaration, the Company shall pay to the Delaware Trustee or the Property
Trustee, as the case may be, all amounts accrued and owing to the date of such termination, removal
or resignation.

Section 3.11. Corporate Existence.

     The Company will, subject to the provisions of Article X, at all times maintain its corporate
existence and right to carry on business and will duly procure all renewals and extensions thereof,
and , to the extent necessary or desirable in the operation of its business, will use its best
efforts to maintain, preserve and renew all of its rights, powers, privileges and franchises.

Section 3.12. Notice of Default.

     The Company shall file with the Trustee written notice of any Event of Default within 30 days
of its becoming aware of such Event of Default or an event which, with notice or the lapse of time
or both, would constitute an Event of Default.

Section 3.13. Listing on an Exchange.

     If the Securities are to be distributed to the holders of the Preferred Securities in
connection with a Dissolution Event, the Company will, if the Securities are not already so listed,
use its best efforts to list such Securities on the NASDAQ National Market or on such other
exchange or other organizations as the Preferred Securities are then listed.

ARTICLE IV

SECURITYHOLDERS’ LISTS AND REPORTS BY THE

COMPANY AND THE TRUSTEE

Section 4.01. Securityholders’ Lists.

     The Company covenants and agrees that it will furnish or cause to be furnished to the Trustee:

     (a) on a quarterly basis on each regular record date for the Securities, a list, in such form
as the Trustee may reasonably require, of the names and addresses of the Securityholders as of such
record date; and

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     (b) at such other times as the Trustee may request in writing, within 30 days after the
receipt by the Company, of any such request, a list of similar form and content as of a date not
more than 15 days prior to the time such list is furnished, except that, no such lists need be
furnished so long as the Trustee is in possession thereof by reason of its acting as Security
registrar.

Section 4.02. Preservation and Disclosure of Lists.

     (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of the holders of the Securities (1) contained in the
most recent list furnished to it as provided in Section 4.01 or (2) received by it in the capacity
of Securities registrar (if so acting) hereunder. The Trustee may destroy any list furnished to it
as provided in Section 4.01 upon receipt of a new list so furnished.

     (b) In case three or more holders of Securities (hereinafter referred to as “applicants”)
apply in writing to the Trustee and furnish to the Trustee reasonable proof that each such
applicant has owned a Security for a period of at least six months preceding the date of such
application, and such application states that the applicants desire to communicate with other
holders of Securities or with holders of all Securities with respect to their rights under this
Indenture and is accompanied by a copy of the form of proxy or other communication which such
applicants propose to transmit, then the Trustee shall within five Business Days after the receipt
of such application, at its election, either:

(1) afford such applicants access to the information preserved at the time by the
Trustee in accordance with the provisions of subsection (a) of this Section 4.02, or

(2) inform such applicants as to the approximate number of holders of all
Securities, whose names and addresses appear in the information preserved at the
time by the Trustee in accordance with the provisions of subsection (a) of this
Section 4.02, and as to the approximate cost of mailing to such Securityholders the
form of proxy or other communication, if any, specified in such application.

     If the Trustee shall elect not to afford such applicants access to such information, the
Trustee shall, upon the written request of such applicants, mail to each Securityholder whose name
and address appear in the information preserved at the time by the Trustee in accordance with the
provisions of subsection (a) of this Section 4.02 a copy of the form of proxy or other
communication which is specified in such request with reasonable promptness after a tender to the
Trustee of the material to be mailed and of payment, or provision for the payment, of the
reasonable expenses of mailing, unless within five days after such tender, the Trustee shall mail
to such applicants and file with the Commission, together with a copy of the material to be mailed,
a written statement to the effect that, in the opinion of the Trustee, such mailing would be
contrary to the best interests of the holders of Securities of such series or all Securities, as
the case may be, or would be in violation of applicable law. Such written statement shall specify
the basis of such opinion. If the Commission, after opportunity for a hearing upon the objections
specified in the written statement so filed, shall enter an order refusing to sustain any of such
objections or if, after the entry of an order sustaining one or more of such objections, the
Commission shall find, after notice and opportunity for hearing, that all the objections so

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sustained have been met and shall enter an order so declaring, the Trustee shall mail copies
of such material to all such Securityholders with reasonable promptness after the entry of such
order and the renewal of such tender; otherwise the Trustee shall be relieved of any obligation or
duty to such applicants respecting their application.

     (c) Each and every holder of Securities, by receiving and holding the same, agrees with the
Company and the Trustee that neither the Company nor the Trustee nor any paying agent shall be held
accountable by reason of the disclosure of any such information as to the names and addresses of
the holders of Securities in accordance with the provisions of subsection (b) of this Section 4.02,
regardless of the source from which such information was derived, and that the Trustee shall not be
held accountable by reason of mailing any material pursuant to a request made under said subsection
(b).

Section 4.03. Reports by Company.

     (a) The Company covenants and agrees to file with the Trustee, within 15 days after the date
on which the Company files the same with the Commission, copies of the annual reports and of the
information, documents and other reports (or copies of such portions of any of the foregoing as
said Commission may from time to time by rules and regulations prescribe) which the Company may be
required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act;
or, if the Company is not required to file information, documents or reports pursuant to either of
such sections, then to file with the Trustee and the Commission, in accordance with rules and
regulations prescribed from time to time by the Commission, such of the supplementary and periodic
information, documents and reports which may be required pursuant to Section 13 of the Exchange Act
in respect of a security listed and registered on a national securities exchange as may be
prescribed from time to time in such rules and regulations. The Company also covenants and agrees
to comply with the provisions of Section 314(a) of the Trust Indenture Act.

     (b) The Company covenants and agrees to file with the Trustee and the Commission, in
accordance with the rules and regulations prescribed from time to time by said Commission, such
additional information, documents and reports with respect to compliance by the Company with the
conditions and covenants provided for in this Indenture as may be required from time to time by
such rules and regulations.

     (c) The Company covenants and agrees to transmit by mail to all holders of Securities, as the
names and addresses of such holders appear upon the Security Register, within 30 days after the
filing thereof with the Trustee, such summaries of any information, documents and reports required
to be filed by the Company pursuant to subsections (a) and (b) of this Section 4.03 as may be
required by rules and regulations prescribed from time to time by the Commission.

     (d) Delivery of such reports, information and documents to the Trustee is for informational
purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any
information contained therein or determinable from information contained therein, including the
Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officers’ Certificates).

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Section 4.04. Reports by the Trustee.

     (a) The Trustee shall transmit to Securityholders such reports concerning the Trustee and its
actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times
and in the manner provided pursuant thereto. If required by Section 313(a) of the Trust Indenture
Act, the Trustee shall, within sixty days after each May 15 following the date of this Indenture,
commencing ___, 200___, deliver to Securityholders a brief report, dated as of such ___,
which complies with the provisions of such Section 313(a).

     (b) A copy of each such report shall, at the time of such transmission to Securityholders, be
filed by the Trustee with each stock exchange, if any, upon which the Securities are listed, with
the Commission and with the Company. The Company will promptly notify the Trustee when the
Securities are listed on any stock exchange or any delisting thereof.

ARTICLE V

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS

ON EVENT OF DEFAULT

Section 5.01. Events of Default.

     One or more of the following events of default shall constitute an Event of Default hereunder:

     (a) default in the payment of any interest (including Compounded Interest or Additional Sums,
if any) upon any Security or any Other Debentures when it becomes due and payable, and continuance
of such default for a period of 30 days; provided, however, that a valid extension of an interest
payment period by the Company in accordance with the terms hereof shall not constitute a default in
the payment of interest for this purpose; or

     (b) default in the payment of all or any part of the principal of any Security or any Other
Debentures as and when the same shall become due and payable either at maturity, upon redemption,
by declaration of acceleration of maturity or otherwise; or

     (c) default in the performance, or breach, of any covenant or warranty of the Company in this
Indenture (other than a covenant or warranty a default in whose performance or whose breach is
elsewhere in this Section specifically dealt with), and continuance of such default or breach for a
period of 60 days after there has been given, by registered or certified mail, to the Company by
the Trustee or to the Company and the Trustee by the holders of at least 25% in aggregate principal
amount of the outstanding 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

     (d) a court having jurisdiction in the premises shall enter a decree or order for relief in
respect of the Company in an involuntary case under any applicable bankruptcy, insolvency or other
similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or similar official) of the Company or for any substantial part of its
property, or ordering the winding-up or liquidation of its affairs and such decree or order shall
remain unstayed and in effect for a period of 60 consecutive days; or

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     (e) the Company shall commence a voluntary case under any applicable bankruptcy, insolvency
or other similar law now or hereafter in effect, shall consent to the entry of an order for relief
in an involuntary case under any such law, or shall consent to the appointment of or taking
possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar
official) of the Company or of any substantial part of its property, or shall make any general
assignment for the benefit of creditors, or shall fail generally to pay its debts as they become
due.

     If an Event of Default with respect to Securities at the time outstanding occurs and is
continuing (other than an Event of Default specified in Section 5.01(d) or 5.01(e)), then in every
such case the Trustee or the holders of not less than 25% in aggregate principal amount of the
Securities then outstanding may declare the principal amount of all Securities to be due and
payable immediately, by a notice in writing to the Company (and to the Trustee if given by the
holders of the outstanding Securities), and upon any such declaration the same shall become
immediately due and payable. If the Trustee or Securityholders fail to declare the principal of
all of the Securities due and payable upon such an Event of Default, so long as the Property
Trustee is holding the Debentures on behalf of Vineyard Statutory Trust X, the holders of at least
25% in liquidation amount of the Preferred Securities then outstanding will have the right to
declare the Securities immediately due and payable. If an Event of Default specified in Section
5.01(d) or 5.01(e) occurs and is continuing, the principal amount of all Securities shall become
immediately due and payable without any declaration or other act on the part of the Trustee or the
holders of Securities.

     The foregoing provisions, however, are subject to the condition that if, at any time after the
principal of the Securities shall have been so declared due and payable, and before any judgment or
decree for the payment of the moneys due shall have been obtained or entered as hereinafter
provided, (i) the Company shall pay or shall deposit with the Trustee a sum sufficient to pay (A)
all matured installments of interest (including Compounded Interest and Additional Sums, if any)
upon all the Securities and the principal of any and all Securities which shall have become due
otherwise than by acceleration (with interest upon such principal and, to the extent that payment
of such interest is enforceable under applicable law, on overdue installments of interest, at the
same rate as the rate of interest specified in the Securities to the date of such payment or
deposit) and (B) such amount as shall be sufficient to cover compensation due to the Trustee and
each predecessor Trustee, their respective agents, attorneys and counsel, pursuant to Section 6.06,
and (ii) any and all Events of Default under the Indenture, other than the non-payment of the
principal of the Securities which shall have become due solely by such declaration of acceleration,
shall have been cured, waived or otherwise remedied as provided herein, then, in every such case,
the holders of a majority in aggregate principal amount of the Securities then outstanding, by
written notice to the Company and to the Trustee, may rescind and annul such declaration and its
consequences, but no such waiver or rescission and annulment shall extend to or shall affect any
subsequent default or shall impair any right consequent thereon.

     In case the Trustee shall have proceeded to enforce any right under this Indenture and such
proceedings shall have been discontinued or abandoned because of such rescission or annulment or
for any other reason or shall have been determined adversely to the Trustee, then and in every such
case the Company, the Trustee and the holders of the Securities shall be

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restored respectively to their several positions and rights hereunder, and all rights,
remedies and powers of the Company, the Trustee and the holders of the Securities shall continue as
though no such proceeding had been taken.

Section 5.02. Payment of Securities on Default; Suit Therefor.

     The Company covenants that (a) in case default shall be made in the payment of any installment
of interest (including Compounded Interest and Additional Sums, if any) upon any of the Securities
as and when the same shall become due and payable, and such default shall have continued for a
period of 30 days, or (b) in case default shall be made in the payment of the principal on any of
the Securities as and when the same shall have become due and payable, whether at maturity of the
Securities or upon redemption or by declaration or otherwise, then, upon demand of the Trustee, the
Company will pay to the Trustee, for the benefit of the holders of the Securities, the whole amount
that then shall have become due and payable on all such Securities for principal or interest
(including Compounded Interest and Additional Sums, if any) or both, as the case may be, with
interest upon the overdue principal and (to the extent that payment of such interest is enforceable
under applicable law and, if the Securities are held by Vineyard Statutory Trust X or a trustee of
such trust, without duplication of any other amounts paid by Vineyard Statutory Trust X or a
trustee in respect thereof) upon the overdue installments of interest (including Compounded
Interest and Additional Sums, if any) at the rate borne by the Securities; and, in addition
thereto, such further amount as shall be sufficient to cover the costs and expenses of collection,
including a reasonable compensation to the Trustee, its agents, attorneys and counsel, and any
other amount due to the Trustee pursuant to Section 6.06.

     In case the Company shall fail forthwith to pay such amounts upon such demand, the Trustee, in
its own name and as trustee of an express trust, shall be entitled and empowered to institute any
actions or proceedings at law or in equity for the collection of the sums so due and unpaid, and
may prosecute any such action or proceeding to judgment or final decree, and may enforce any such
judgment or final decree against the Company or any other obligor on the Securities and collect in
the manner provided by law out of the property of the Company or any other obligor on the
Securities wherever situated the moneys adjudged or decreed to be payable.

     In case there shall be pending proceedings for the bankruptcy or for the reorganization of the
Company or any other obligor on the Securities under Title 11, United States Code, or any other
applicable law, or in case a receiver or trustee shall have been appointed for the property of the
Company or such other obligor, or in the case of any other similar judicial proceedings relative to
the Company or other obligor upon the Securities, or to the creditors or property of the Company or
such other obligor, the Trustee, irrespective of whether the principal of the Securities shall then
be due and payable as therein expressed or by declaration or otherwise and irrespective of whether
the Trustee shall have made any demand pursuant to the provisions of this Section 5.02, shall be
entitled and empowered, by intervention in such proceedings or otherwise, to file and prove a claim
or claims for the whole amount of principal and interest owing and unpaid in respect of the
Securities and, in case of any judicial proceedings, to file such proofs of claim and other papers
or documents as may be necessary or advisable in order to have the claims of the Trustee (including
any claim for amounts due to the Trustee pursuant to 6.06) and of the Securityholders allowed in
such judicial proceedings relative to the Company or any other obligor on the Securities, or to the
creditors or property of the Company or such other

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obligor, unless prohibited by applicable law and regulations, to vote on behalf of the holders
of the Securities in any election of a trustee or a standby trustee in arrangement, reorganization,
liquidation or other bankruptcy or insolvency proceedings or person performing similar functions in
comparable proceedings, and to collect and receive any moneys or other property payable or
deliverable on any such claims, and to distribute the same after the deduction of its charges and
expenses; and any receiver, assignee or trustee in bankruptcy or reorganization is hereby
authorized by each of the Securityholders to make such payments to the Trustee, and, in the event
that the Trustee shall consent to the making of such payments directly to the Securityholders, to
pay to the Trustee such amounts as shall be sufficient to cover reasonable compensation to the
Trustee, each predecessor Trustee and their respective agents, attorneys and counsel, and all other
amounts due to the Trustee pursuant to Section 6.06.

     Nothing herein contained shall be construed to authorize the Trustee to authorize or consent
to or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement,
adjustment or composition affecting the Securities or the rights of any holder thereof or to
authorize the Trustee to vote in respect of the claim of any Securityholder in any such proceeding.

     All rights of action and of asserting claims under this Indenture, or under any of the
Securities, may be enforced by the Trustee without the possession of any of the Securities, or the
production thereof on any trial or other proceeding relative thereto, and any such suit or
proceeding instituted by the Trustee shall be brought in its own name as trustee of an express
trust, and any recovery of judgment shall be for the ratable benefit of the holders of the
Securities.

     In any proceedings brought by the Trustee (and also any proceedings involving the
interpretation of any provision of this Indenture to which the Trustee shall be a party) the
Trustee shall be held to represent all the holders of the Securities, and it shall not be necessary
to make any holders of the Securities parties to any such proceedings.

Section 5.03. Application of Moneys Collected by Trustee.

     Any moneys collected by the Trustee shall be applied in the order following, at the date or
dates fixed by the Trustee for the distribution of such moneys, upon presentation of the Securities
in respect of which moneys have been collected, and stamping thereon the payment, if only partially
paid, and upon surrender thereof if fully paid:

     First: To the payment of costs and expenses of collection applicable to the Securities and
all other amounts due to the Trustee under Section 6.06;

     Second: To the payment of all Senior and Subordinate Indebtedness of the Company if and to
the extent required by Article XV;

     Third: To the payment of the amounts then due and unpaid upon Securities for principal of and
interest (including Compounded Interest and Additional Sums, if any) on the Securities, in respect
of which or for the benefit of which money has been collected, ratably, without preference of
priority of any kind, according to the amounts due on such Securities for principal and interest,
respectively; and

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     Fourth: To the Company.

Section 5.04. Proceedings by Securityholders.

     No holder of any Security shall have any right by virtue of or by availing of any provision of
this Indenture to institute any suit, action or proceeding in equity or at law upon or under or
with respect to this Indenture or for the appointment of a receiver or trustee, or for any other
remedy hereunder, unless such holder previously shall have given to the Trustee written notice of
an Event of Default and of the continuance thereof with respect to the Securities specifying such
Event of Default, as hereinbefore provided, and unless also the holders of not less than 25% in
aggregate principal amount of the Securities then outstanding shall have made written request upon
the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and
shall have offered to the Trustee such reasonable indemnity as it may require against the costs,
expenses and liabilities to be incurred therein or thereby, and the Trustee for 60 days after its
receipt of such notice, request and offer of indemnity shall have failed to institute any such
action, suit or proceeding, it being understood and intended, and being expressly covenanted by the
taker and holder of every Security with every other taker and holder and the Trustee, that no one
or more holders of Securities shall have any right in any manner whatever by virtue of or by
availing of any provision of this Indenture to affect, disturb or prejudice the rights of any other
holder of Securities, or to obtain or seek to obtain priority over or preference to any other such
holder, or to enforce any right under this Indenture, except in the manner herein provided and for
the equal, ratable and common benefit of all holders of Securities.

     Notwithstanding any other provisions in this Indenture, however, the right of any holder of
any Security to receive payment of the principal of and interest (including Compounded Interest and
Additional Sums, if any) on such Security, on or after the same shall have become due and payable,
or to institute suit for the enforcement of any such payment, shall not be impaired or affected
without the consent of such holder. For the protection and enforcement of the provisions of this
Section, each and every Securityholder and the Trustee shall be entitled to such relief as can be
given either at law or in equity.

     The Company and the Trustee acknowledge that pursuant to the Declaration, the holders of
Preferred Securities are entitled, in the circumstances and subject to the limitations set forth
therein, to commence a Direct Action with respect to any Event of Default under this Indenture and
the Securities.

Section 5.05. Proceedings by Trustee.

     In case an Event of Default occurs with respect to Securities and is continuing, the Trustee
may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by
such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and
enforce any of such rights, either by suit in equity or by action at law or by proceeding in
bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement
contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to
enforce any other legal or equitable right vested in the Trustee by this Indenture or by law.

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Section 5.06. Remedies Cumulative and Continuing.

     All powers and remedies given by this Article V to the Trustee or to the Securityholders
shall, to the extent permitted by law, be deemed cumulative and not exclusive of any other powers
and remedies available to the Trustee or the holders of the Securities, by judicial proceedings or
otherwise, to enforce the performance or observance of the covenants and agreements contained in
this Indenture or otherwise established with respect to the Securities, and no delay or omission of
the Trustee or of any holder of any of the Securities to exercise any right or power accruing upon
any Event of Default occurring and continuing as aforesaid shall impair any such right or power, or
shall be construed to be a waiver of any such default or an acquiescence therein; and, subject to
the provisions of Section 5.04, every power and remedy given by this Article V or by law to the
Trustee or to the Securityholders may be exercised from time to time, and as often as shall be
deemed expedient, by the Trustee or by the Securityholders.

			
	Section 5.07.	 	Direction of Proceedings and Waiver of Defaults by Majority of Securityholders.

     The holders of a majority in aggregate principal amount of the Securities at the time
outstanding shall have the right to direct the time, method, and place of conducting any proceeding
for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee;
provided, however, that (subject to the provisions of Section 6.01) the Trustee shall have the
right to decline to follow any such direction if the Trustee shall determine that the action so
directed would be unjustly prejudicial to the holders not taking part in such direction or if the
Trustee being advised by counsel determines that the action or proceeding so directed may not
lawfully be taken or if the Trustee in good faith by its board of directors or trustees, executive
committee, or a trust committee of directors or trustees and/or Responsible Officers shall
determine that the action or proceedings so directed would involve the Trustee in personal
liability. Prior to any declaration accelerating the maturity of the Securities, the holders of a
majority in aggregate principal amount of the Securities at the time outstanding may on behalf of
the holders of all of the Securities waive any past default or Event of Default and its
consequences except a default (a) in the payment of principal of or interest (including Compounded
Interest and Additional Sums, if any) on any of the Securities or (b) in respect of covenants or
provisions hereof which cannot be modified or amended without the consent of the holder of each
Security affected; provided, however, that if the Securities are held by the Property Trustee, such
waiver or modification to such waiver shall not be effective until the holders of a majority in
aggregate liquidation amount of Trust Securities shall have consented to such waiver or
modification to such waiver; provided further, that if the consent of the holder of each
outstanding Security is required, such waiver shall not be effective until each holder of the Trust
Securities shall have consented to such waiver. Upon any such waiver, the default covered thereby
shall be deemed to be cured for all purposes of this Indenture and the Company, the Trustee and the
holders of the Securities shall be restored to their former positions and rights hereunder,
respectively; but no such waiver shall extend to any subsequent or other default or impair any
right consequent thereon. Whenever any default or Event of Default hereunder shall have been
waived as permitted by this Section 5.07, said default or Event of Default shall for all purposes
of the Securities and this Indenture be deemed to have been cured and to be not continuing.

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Section 5.08. Notice of Defaults.

     The Trustee shall, within 90 days after the occurrence of a default with respect to the
Securities known to a Responsible Officer of the Trustee, mail to all Securityholders, as the names
and addresses of such holders appear upon the Security Register, notice of all defaults known to
the Trustee, unless such defaults shall have been cured before the giving of such notice; and
provided that, except in the case of default in the payment of the principal of or interest
(including Compounded Interest or Additional Sums, if any) on any of the Securities, the Trustee
shall be protected in withholding such notice if and so long as the board of directors, the
executive committee, or a trust committee of directors and/or Responsible Officers of the Trustee
in good faith determines that the withholding of such notice is in the interests of the
Securityholders; and provided further, that in the case of any default of the character specified
in Section 5.01(c) no such notice to Securityholders shall be given until at least 60 days after
the occurrence thereof but shall be given within 90 days after such occurrence.

Section 5.09. Undertaking to Pay Costs.

     All parties to this Indenture agree, and each holder of any Security by his acceptance thereof
shall be deemed to have agreed, that any court may in its discretion require, in any suit for the
enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any
action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an
undertaking to pay the costs of such suit, and that such court may in its discretion assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in
such suit, having due regard to the merits and good faith of the claims or defenses made by such
party litigant; but the provisions of this Section 5.09 shall not apply to any suit instituted by
the Trustee, to any suit instituted by any Securityholder, or group of Securityholders, holding in
the aggregate more than 10% in aggregate principal amount of the Securities outstanding, or to any
suit instituted by any Securityholder for the enforcement of the payment of the principal of or
interest (including Compounded Interest and Additional Sums, if any) on any Security against the
Company on or after the same shall have become due and payable.

Section 5.10. Waiver of Stay, Extension or Usury Laws.

     The Company covenants (to the extent that it may lawfully do so) that it will not at any time
insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any
stay or extension law or any usury or other law wherever enacted, now or at any time hereafter in
force, which would prohibit or forgive the Company from paying all or any portion of the principal
or any interest on (including Additional Sums and Compounded Interest, if any) any such amounts, as
contemplated herein, or which may affect the covenants or the performance of this Indenture; and
the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or
advantage of any such laws and covenants that will not hinder, delay or impede the execution of any
power herein granted to the Trustee, but will suffer and permit the execution of every such power
as though no such law had been enacted.

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ARTICLE VI

CONCERNING THE TRUSTEE

Section 6.01. Duties and Responsibilities of Trustee.

     With respect to the holders of the Securities issued hereunder, the Trustee, prior to the
occurrence of an Event of Default and after the curing or waiving of all Events of Default which
may have occurred, undertakes to perform such duties and only such duties as are specifically set
forth in this Indenture. In case an Event of Default has occurred (which has not been cured or
waived) the Trustee shall exercise such of the rights and powers vested in it by this Indenture,
and use the same degree of care and skill in their exercise, as a prudent man would exercise or use
under the circumstances in the conduct of his own affairs.

     No provision of this Indenture shall be construed to relieve the Trustee from liability for
its own negligent action, its own negligent failure to act or its own willful misconduct, except
that

     (a) prior to the occurrence of an Event of Default and after the curing or waiving of all
Events of Default which may have occurred,

(1) the duties and obligations of the Trustee shall be determined solely by the
express provisions of this Indenture, and the Trustee shall not be liable except for
the performance of such duties and obligations as are specifically set forth in this
Indenture, and no implied covenants or obligations shall be read into this Indenture
against the Trustee; and

(2) in the absence of bad faith on the part of the Trustee, the 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
Trustee and conforming to the requirements of this Indenture; but, in the case of
any such certificates or opinions which by any provision hereof are specifically
required to be furnished to the Trustee, the Trustee shall be under a duty to
examine the same to determine whether or not they conform to the requirements of
this Indenture (but need not confirm or investigate the accuracy of mathematical
calculations or other facts stated therein);

     (b) the Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer or Officers, unless it shall be proved that the Trustee was negligent in
ascertaining the pertinent facts; and

     (c) the Trustee shall not be liable with respect to any action taken or omitted to be taken
by it in good faith, in accordance with the direction of the Securityholders pursuant to Section
5.07, relating to the time, method and place of conducting any proceeding for any remedy available
to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture.

     None of the provisions contained in this Indenture shall require the Trustee to expend or risk
its own funds or otherwise incur personal financial liability in the performance of any of its

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duties or in the exercise of any of its rights or powers, if there is reasonable ground for
believing that the repayment of such funds or liability is not reasonably assured to it under the
terms of this Indenture or adequate indemnity against such risk is not reasonably assured to it.

Section 6.02. Reliance on Documents, Opinions, etc.

     Except as otherwise provided in Section 6.01:

     (a) the Trustee may conclusively rely and shall be protected in acting or refraining from
acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request,
consent, order, bond, note, debenture or other paper or document believed by it to be genuine and
to have been signed or presented by the proper party or parties;

     (b) any request, direction, order or demand of the Company mentioned herein may be
sufficiently evidenced by an Officers’ Certificate (unless other evidence in respect thereof be
herein specifically prescribed); and any Board Resolution may be evidenced to the Trustee by a copy
thereof certified by the Secretary or an Assistant Secretary of the Company;

     (c) the Trustee may consult with counsel of its selection and any advice or Opinion of
Counsel shall be full and complete authorization and protection in respect of any action taken,
suffered or omitted by it hereunder in good faith and in accordance with such advice or Opinion of
Counsel;

     (d) the Trustee shall be under no obligation to exercise any of the rights or powers vested
in it by this Indenture at the request, order or direction of any of the Securityholders, pursuant
to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee
reasonable and sufficient security or indemnity against the costs, expenses and liabilities which
may be incurred therein or thereby; nothing contained herein shall, however, relieve the Trustee of
the obligation, upon the occurrence of an Event of Default with respect to the Securities (that has
not been cured or waived) to exercise with respect to the Securities such of the rights and powers
vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a
prudent man would exercise or use under the circumstances in the conduct of his own affairs.

     (e) the Trustee shall not be liable for any action taken or omitted by it in good faith and
believed by it to be authorized or within the discretion or rights or powers conferred upon it by
this Indenture; nothing contained herein shall, however, relieve the Trustee of the obligation,
upon the occurrence of an Event of Default (that has not been cured or waived), to exercise such of
the rights and powers vested in it by this Indenture, and to use the same degree of care and skill
in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of
his own affairs;

     (f) the Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent,
order, approval, bond, debenture, coupon or other paper or document, unless requested in writing to
do so by the holders of a majority in aggregate principal amount of the outstanding Securities;
provided, however, that if the payment within a reasonable time to the Trustee of the costs,
expenses or liabilities likely to be incurred by it in the making of such investigation is, in

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the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to
it by the terms of this Indenture, the Trustee may require reasonable indemnity against such
expense or liability as a condition to so proceeding;

     (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents (including any Authenticating Agent) or
attorneys, and the Trustee shall not be responsible for any misconduct or negligence on the part of
any such agent or attorney appointed by it with due care;

     (h) the Trustee shall not be charged with knowledge of any Default or Event of Default with
respect to the Securities unless (1) such default is a default under Sections 5.01(a) (other than a
default with respect to the payment of Compounded Interest or Additional Sums) and 5.01(b) of the
Indenture and the Trustee is the paying agent hereunder, (2) a Responsible Officer shall have
actual knowledge of such Default or Event of Default or (3) written notice of such Default or Event
of Default shall have been given to the Trustee at the Principal Office of the Trustee by the
Company or any other obligor on the Securities or by any holder of the Securities and such notice
references the Securities and this Indenture;

     (i) the Trustee shall not be liable for any action taken, suffered or omitted by it in good
faith, without negligence or willful misconduct and believed by it to be authorized or within the
discretion or rights or powers conferred upon it by this Indenture; and

     (j) the rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to, and shall be
enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and
other Person employed to act hereunder.

Section 6.03. No Responsibility for Recitals, etc.

     The recitals contained herein and in the Securities (except in the certificate of
authentication of the Trustee or the Authenticating Agent) shall be taken as the statements of the
Company and the Trustee and the Authenticating Agent assume no responsibility for the correctness
of the same. The Trustee and the Authenticating Agent make no representations as to the validity
or sufficiency of this Indenture or of the Securities. The Trustee and the Authenticating Agent
shall not be accountable for the use or application by the Company of any Securities or the
proceeds of any Securities authenticated and delivered by the Trustee or the Authenticating Agent
in conformity with the provisions of this Indenture.

			
	Section 6.04.	 	Trustee, Authenticating Agent, Paying Agents, Transfer Agents or Registrar
May Own Securities.

     The Trustee or any Authenticating Agent or any paying agent or any transfer agent or any
Security registrar, in its individual or any other capacity, may become the owner or pledgee of
Securities with the same rights it would have if it were not Trustee, Authenticating Agent, paying
agent, transfer agent or Security registrar.

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Section 6.05. Moneys to be Held in Trust.

     Subject to the provisions of Section 11.04, all moneys received by the Trustee or any paying
agent shall, until used or applied as herein provided, be held in trust for the purpose for which
they were received, but need not be segregated from other funds except to the extent required by
law. The Trustee and any paying agent shall be under no liability for interest on any money
received by it hereunder except as otherwise agreed in writing with the Company. So long as no
Event of Default shall have occurred and be continuing, all interest allowed on any such moneys
shall be paid from time to time upon the written order of the Company, signed by the Chairman of
the Board of Directors, the President, a Vice President, the Treasurer or an Assistant Treasurer of
the Company.

Section 6.06. Compensation and Expenses of Trustee.

     The Company, as issuer of Securities under this Indenture, covenants and agrees to pay to the
Trustee from time to time, and the Trustee shall be entitled to, such compensation as shall be
agreed to in writing between the Company and the Trustee (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an express trust), and the Company
will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and
advances incurred or made by the Trustee in accordance with any of the provisions of this Indenture
(including the reasonable compensation and the expenses and disbursements of its counsel and of all
persons not regularly in its employ) except any such expense, disbursement or advance as may arise
from its negligence or bad faith. The Company also covenants to indemnify each of the Trustee or
any predecessor Trustee (and its officers, agents, directors and employees) for, and to hold it
harmless against, any and all loss, damage, claim, action, suit, cost, liability or expense
including taxes (other than taxes based on the income of the Trustee) incurred without negligence
or bad faith on the part of the Trustee and arising out of or in connection with the acceptance or
administration of the trust or trusts hereunder, including the costs and expenses of defending
itself against any claim of liability in the premises. The obligations of the Company under this
Section 6.06 to compensate and indemnify the Trustee and to pay or reimburse the Trustee for
expenses, disbursements and advances shall constitute additional indebtedness hereunder. Such
additional indebtedness shall be secured by a lien prior to that of the Securities upon all
property and funds held or collected by the Trustee as such, except funds held in trust for the
benefit of the holders of particular Securities.

     When the Trustee incurs expenses or renders services in connection with an Event of Default
specified in Section 5.01(d) or Section 5.01(e), the expenses (including the reasonable charges and
expenses of its counsel) and the compensation for the services are intended to constitute expenses
of administration under any applicable federal or state bankruptcy, insolvency or other similar
law.

     The provisions of this Section shall survive the resignation or removal of the Trustee and the
defeasance or other termination of this Indenture.

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Section 6.07. Officers’ Certificate as Evidence.

     Except as otherwise provided in Sections 6.01 and 6.02, whenever in the administration of the
provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be
proved or established prior to taking or omitting any action hereunder, such matter (unless other
evidence in respect thereof is herein specifically prescribed) may, in the absence of negligence or
bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an
Officers’ Certificate delivered to the Trustee, and such certificate, in the absence of negligence
or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken
or omitted by it under the provisions of this Indenture upon the faith thereof.

Section 6.08. Conflicting Interest of Trustee.

     If the Trustee has or shall acquire any “conflicting interest” within the meaning of Section
310(b) of the Trust Indenture Act, the Trustee and the Company shall in all respects comply with
the provisions of Section 310(b) of the Trust Indenture Act.

Section 6.09. Eligibility of Trustee.

     The Trustee hereunder shall at all times be a corporation organized and doing business under
the laws of the United States of America or any state or territory thereof or of the District of
Columbia or a corporation or other Person permitted to act as trustee by the Commission authorized
under such laws to exercise corporate trust powers, having a combined capital and surplus of at
least 50 million U.S. dollars ($50,000,000) and subject to supervision or examination by federal,
state, territorial, or District of Columbia authority. If such corporation publishes reports of
condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or
examining authority, then for the purposes of this Section 6.09 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.

     The Company may not, nor may any Person directly or indirectly controlling, controlled by, or
under common control with the Company, serve as Trustee.

     In case at any time the Trustee shall cease to be eligible in accordance with the provisions
of this Section 6.09, the Trustee shall resign immediately in the manner and with the effect
specified in Section 6.10.

Section 6.10. Resignation or Removal of Trustee.

     (a) The Trustee, or any trustee or trustees hereafter appointed, may at any time resign by
giving written notice of such resignation to the Company and by mailing notice thereof to the
holders of the Securities at their addresses as they shall appear on the Security register. Upon
receiving such notice of resignation, the Company shall promptly appoint a successor trustee or
trustees by written instrument, in duplicate, one copy of which instrument shall be delivered to
the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have
been so appointed and have accepted appointment within 60 days after the mailing of such notice of
resignation to the affected Securityholders, the resigning Trustee, at the expense of the Company,
may petition any court of competent jurisdiction for the appointment of a successor

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trustee, or any Securityholder who has been a bona fide holder of a Security for at least six
months may, subject to the provisions of Section 5.09, on behalf of himself and all others
similarly situated, petition any such court for the appointment of a successor trustee. Such court
may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor
trustee.

     (b) In case at any time any of the following shall occur:

(1) the Trustee shall fail to comply with the provisions of Section 6.08 after
written request therefor by the Company or by any Securityholder who has been a bona
fide holder of a Security or Securities for at least six months, or

(2) the Trustee shall cease to be eligible in accordance with the provisions of
Section 6.09 and shall fail to resign after written request therefor by the Company
or by any such Securityholder, or

(3) the Trustee shall become incapable of acting, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property shall be appointed, or
any public officer shall take charge or control of the Trustee or of its property or
affairs for the purpose of rehabilitation, conservation or liquidation, or

(4) the Trustee shall commence a voluntary case under the Federal bankruptcy laws,
as now or hereafter constituted, or any other applicable Federal or state
bankruptcy, insolvency or similar law or shall consent to the appointment of or
taking possession by a receiver, custodian, liquidator, assignee, trustee,
sequestrator (or similar official) of the Trustee or its property or affairs, or
shall make an assignment for the benefit of creditors, or shall admit in writing its
inability to pay its debts generally as they become due, or shall take corporate
action in furtherance of any such action.

then, in any such case, the Company may remove the Trustee and appoint a successor trustee by
written instrument, in duplicate, one copy of which instrument shall be delivered to the Trustee so
removed and one copy to the successor trustee, or, subject to the provisions of Section 5.09, any
Securityholder who has been a bona fide holder of a Security for at least six months may, on behalf
of himself and all others similarly situated, petition any court of competent jurisdiction for the
removal of the Trustee and the appointment of a successor trustee. Such court may thereupon, after
such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a
successor trustee.

     (c) The holders of a majority in aggregate principal amount of the Securities at the time
outstanding may at any time remove the Trustee and nominate a successor trustee, which shall be
deemed appointed as successor trustee unless within 10 days after such nomination the Company
objects thereto or if no successor trustee shall have been so appointed and shall have accepted
appointment within 30 days after such removal, in which case the Trustee so removed or any
Securityholder, upon the terms and conditions and otherwise as in subsection (a) of this Section
6.10 provided, may petition any court of competent jurisdiction for an appointment of a successor
trustee. If a successor trustee shall not have accepted appointment within 30 days after

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the removal of the Trustee, the Trustee, at the expense of the Company, may petition any court
of competent jurisdiction for the appointment of a successor trustee.

     (d) Any resignation or removal of the Trustee and appointment of a successor trustee pursuant
to any of the provisions of this Section 6.10 shall become effective upon acceptance of
appointment by the successor trustee as provided in Section 6.11.

     (e) The Company shall give notice of each resignation and each removal of the Trustee with
respect to the Securities and each appointment of a successor Trustee with respect to the
Securities to all holders of Securities. Each notice shall include the name of the successor
Trustee and the address of its Corporate Trust Office.

Section 6.11. Acceptance by Successor Trustee.

     Any successor trustee appointed as provided in Section 6.10 shall execute, acknowledge and
deliver to the Company and to its predecessor trustee an instrument accepting such appointment
hereunder, 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, duties and obligations of its predecessor hereunder, with like effect as if
originally named as trustee herein; but, nevertheless, on the written request of the Company or of
the successor trustee, the trustee ceasing to act shall, upon payment of any amounts then due it
pursuant to the provisions of Section 6.06, execute and deliver an instrument transferring to such
successor trustee all the rights and powers of the trustee so ceasing to act and shall duly assign,
transfer and deliver to such successor trustee all property and money held by such retiring trustee
thereunder. Upon request of any such successor trustee, the Company shall execute any and all
instruments in writing for more fully and certainly vesting in and confirming to such successor
trustee all such rights and powers. Any trustee ceasing to act shall, nevertheless, retain a lien
upon all property or funds held or collected by such trustee to secure any amounts then due it
pursuant to the provisions of Section 6.06.

     No successor trustee shall accept appointment as provided in this Section 6.11 unless at the
time of such acceptance such successor trustee shall be qualified under the provisions of Section
6.08 and eligible under the provisions of Section 6.09.

     Upon acceptance of appointment by a successor trustee as provided in this Section 6.11, the
Company shall mail notice of the succession of such trustee hereunder to the holders of Securities
at their addresses as they shall appear on the Security register. If the Company fails to mail
such notice within 10 days after the acceptance of appointment by the successor trustee, the
successor trustee shall cause such notice to be mailed at the expense of the Company.

Section 6.12. Succession by Merger, etc.

     Any corporation into which the Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or consolidation to which
the Trustee shall be a party, or any corporation succeeding to all or substantially all of the
corporate trust business of the Trustee, shall be the successor of the Trustee hereunder without
the execution or filing of any paper or any further act on the part of any of the parties hereto.

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     In case at the time such successor to the Trustee shall succeed to the trusts created by this
Indenture any Securities shall have been authenticated but not delivered, any such successor to the
Trustee may adopt the certificate of authentication of any predecessor trustee, and deliver such
Securities so authenticated; and in case at that time any of the Securities shall not have been
authenticated, any successor to the Trustee may authenticate such Securities either in the name of
any predecessor hereunder or in the name of the successor trustee; and in all such cases such
certificates shall have the full force which the Securities or this Indenture elsewhere provides
that the certificate of the Trustee shall have; provided, however, that the right to adopt the
certificate of authentication of any predecessor Trustee or authenticate Securities in the name of
any predecessor Trustee shall apply only to its successor or successors by merger, conversion or
consolidation.

Section 6.13. Limitation on Rights of Trustee as a Creditor.

     The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any
creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has
resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the
extent included therein.

Section 6.14. Authenticating Agents.

     There may be one or more Authenticating Agents appointed by the Trustee upon the request of
the Company with power to act on its behalf and subject to its direction in the authentication and
delivery of Securities issued upon exchange or transfer thereof as fully to all intents and
purposes as though any such Authenticating Agent had been expressly authorized to authenticate and
deliver Securities; provided, that the Trustee shall have no liability to the Company for any acts
or omissions of the Authenticating Agent with respect to the authentication and delivery of
Securities. Any such Authenticating Agent shall at all times be a corporation organized and doing
business under the laws of the United States or of any state or territory thereof or of the
District of Columbia authorized under such laws to act as Authenticating Agent, having a combined
capital and surplus of at least $50,000,000 and being subject to supervision or examination by
federal, state, territorial or District of Columbia authority. If such corporation publishes
reports of condition at least annually pursuant to law or the requirements of such authority, then
for the purposes of this Section 6.14 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. If at any time an Authenticating Agent shall cease to be eligible in accordance with
the provisions of this Section, it shall resign immediately in the manner and with the effect
herein specified in this Section.

     Any corporation into which any Authenticating Agent may be merged or converted or with which
it may be consolidated, or any corporation resulting from any merger, consolidation or conversion
to which any Authenticating Agent shall be a party, or any corporation succeeding to the corporate
trust business of any Authenticating Agent, shall be the successor of such Authenticating Agent
hereunder, if such successor corporation is otherwise eligible under this Section 6.14 without the
execution or filing of any paper or any further act on the part of the parties hereto or such
Authenticating Agent.

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     Any Authenticating Agent may at any time resign by giving written notice of resignation to the
Trustee and to the Company. The Trustee may at any time terminate the agency of any Authenticating
Agent by giving written notice of termination to such Authenticating Agent and to the Company. Upon
receiving such a notice of resignation or upon such a termination, or in case at any time any
Authenticating Agent shall cease to be eligible under this Section 6.14, the Trustee may, and upon
the request of the Company shall, promptly appoint a successor Authenticating Agent eligible under
this Section 6.14, shall give written notice of such appointment to the Company and shall mail
notice of such appointment to all Securityholders as the names and addresses of such holders appear
on the Security Register. Any successor Authenticating Agent upon acceptance of its appointment
hereunder shall become vested with all rights, powers, duties and responsibilities of its
predecessor hereunder, with like effect as if originally named as Authenticating Agent herein.

     The Company, as borrower, agrees to pay to any Authenticating Agent from time to time
reasonable compensation for its services. Any Authenticating Agent shall have no responsibility or
liability for any action taken by it as such in accordance with the directions of the Trustee.

ARTICLE VII

CONCERNING THE SECURITYHOLDERS

Section 7.01. Action by Securityholders.

     Whenever in this Indenture it is provided that the holders of a specified percentage in
aggregate principal amount of the Securities may take any action (including the making of any
demand or request, the giving of any notice, consent or waiver or the taking of any other action)
the fact that at the time of taking any such action the holders of such specified percentage have
joined therein may be evidenced (a) by any instrument or any number of instruments of similar tenor
executed by such Securityholders in person or by agent or proxy appointed in writing, or (b) by the
record of such holders of Securities voting in favor thereof at any meeting of such Securityholders
duly called and held in accordance with the provisions of Article VIII, or (c) by a combination of
such instrument or instruments and any such record of such a meeting of such Securityholders.

     If the Company shall solicit from the Securityholders any request, demand, authorization,
direction, notice, consent, waiver or other action, the Company may, at its option, as evidenced by
an Officers’ Certificate, fix in advance a record date for the determination of Securityholders
entitled to give such request, demand, authorization, direction, notice, consent, waiver or other
action, but the Company shall have no obligation to do so. If such a record date is fixed, such
request, demand, authorization, direction, notice, consent, waiver or other action may be given
before or after the record date, but only the Securityholders of record at the close of business on
the record date shall be deemed to be Securityholders for the purposes of determining whether
Securityholders of the requisite proportion of outstanding Securities have authorized or agreed or
consented to such request, demand, authorization, direction, notice, consent, waiver or other
action, and for that purpose the outstanding Securities shall be computed as of the record date;
provided, however, that no such authorization, agreement or consent by such Securityholders on the
record date shall be deemed effective unless it shall become effective pursuant to the provisions
of this Indenture not later than six months after the record date.

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Section 7.02. Proof of Execution by Securityholders.

     Subject to the provisions of Section 6.01, 6.02 and 8.05, proof of the execution of any
instrument by a Securityholder or his agent or proxy shall be sufficient if made in accordance with
such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as
shall be satisfactory to the Trustee. The ownership of Securities shall be proved by the Security
Register or by a certificate of the Security registrar. The Trustee may require such additional
proof of any matter referred to in this Section as it shall deem necessary.

     The record of any Securityholders’ meeting shall be proved in the manner provided in Section
8.06.

Section 7.03. Who Are Deemed Absolute Owners.

     Prior to due presentment for registration of transfer of any Security, the Company, the
Trustee, any Authenticating Agent, any paying agent, any transfer agent and any Security registrar
may deem the person in whose name such Security shall be registered upon the Security Register to
be, and may treat him as, the absolute owner of such Security (whether or not such Security shall
be overdue) for the purpose of receiving payment of or on account of the principal of and (subject
to Section 2.05) interest on such Security and for all other purposes; and neither the Company nor
the Trustee nor any Authenticating Agent nor any paying agent nor any transfer agent nor any
Security registrar shall be affected by any notice to the contrary. All such payments so made to
any holder for the time being or upon his order shall be valid, and, to the extent of the sum or
sums so paid, effectual to satisfy and discharge the liability for moneys payable upon any such
Security.

Section 7.04. Securities Owned by Company Deemed Not Outstanding.

     In determining whether the holders of the requisite aggregate principal amount of Securities
have concurred in any direction, consent or waiver under this Indenture, Securities which are owned
by the Company or any other obligor on the Securities or by any Person directly or indirectly
controlling or controlled by or under direct or indirect common control with the Company or any
other obligor on the Securities shall be disregarded and deemed not to be outstanding for the
purpose of any such determination; provided that for the purposes of determining whether the
Trustee shall be protected in relying on any such direction, consent or waiver, only Securities
which a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded.
Securities so owned which have been pledged in good faith may be regarded as outstanding for the
purposes of this Section 7.04 if the pledgee shall establish to the satisfaction of the Trustee the
pledgee’s right to vote such Securities and that the pledgee is not the Company or any such other
obligor or Person directly or indirectly controlling or controlled by or under direct or indirect
common control with the Company or any such other obligor. In the case of a dispute as to such
right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the
Trustee.

Section 7.05. Revocation of Consents; Future Holders Bound.

     At any time prior to (but not after) the evidencing to the Trustee, as provided in Section
7.01, of the taking of any action by the holders of the percentage in aggregate principal amount

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of the Securities specified in this Indenture in connection with such action, any holder of a
Security (or any Security issued in whole or in part in exchange or substitution therefor), subject
to Section 7.01, the serial number of which is shown by the evidence to be included in the
Securities the holders of which have consented to such action may, by filing written notice with
the Trustee at its principal corporate trust office and upon proof of holding as provided in
Section 7.02, revoke such action so far as concerns such Security (or so far as concerns the
principal amount represented by any exchanged or substituted Security). Except as aforesaid any
such action taken by the holder of any Security shall be conclusive and binding upon such holder
and upon all future holders and owners of such Security, and of any Security issued in exchange or
substitution therefor, irrespective of whether or not any notation in regard thereto is made upon
such Security or any Security issued in exchange or substitution therefor.

ARTICLE VIII

SECURITYHOLDERS’ MEETINGS

Section 8.01. Purposes of Meetings.

     A meeting of Securityholders may be called at any time and from time to time pursuant to the
provisions of this Article VIII for any of the following purposes:

     (a) to give any notice to the Company or to the Trustee, or to give any directions to the
Trustee, or to consent to the waiving of any default hereunder and its consequences, or to take any
other action authorized to be taken by Securityholders pursuant to any of the provisions of Article
V;

     (b) to remove the Trustee and nominate a successor trustee pursuant to the provisions of
Article VI;

     (c) to consent to the execution of an indenture or indentures supplemental hereto pursuant to
the provisions of Section 9.02; or

     (d) to take any other action authorized to be taken by or on behalf of the holders of any
specified aggregate principal amount of such Securities under any other provision of this Indenture
or under applicable law.

Section 8.02. Call of Meetings by Trustee.

     The Trustee may at any time call a meeting of Securityholders to take any action specified in
Section 8.01, to be held at such time and at such place in the Borough of Manhattan, The City of
New York, as the Trustee shall determine. Notice of every meeting of the Securityholders, setting
forth the time and the place of such meeting and in general terms the action proposed to be taken
at such meeting, shall be mailed to holders of Securities at their addresses as they shall appear
on the Securities Register. Such notice shall be mailed not less than 20 nor more than 180 days
prior to the date fixed for the meeting.

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Section 8.03. Call of Meetings by Company or Securityholders.

     In case at any time the Company pursuant to a resolution of the Board of Directors, or the
holders of at least 10% in aggregate principal amount of the Securities then outstanding, shall
have requested the Trustee to call a meeting of Securityholders, by written request setting forth
in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have
mailed the notice of such meeting within 20 days after receipt of such request, then the Company or
such Securityholders may determine the time and the place in said Borough of Manhattan for such
meeting and may call such meeting to take any action authorized in Section 8.01, by mailing notice
thereof as provided in Section 8.02.

Section 8.04. Qualifications for Voting.

     To be entitled to vote at any meeting of Securityholders a Person shall (a) be a holder of one
or more Securities or (b) a Person appointed by an instrument in writing as proxy by a holder of
one or more Securities. The only Persons who shall be entitled to be present or to speak at any
meeting of Securityholders shall be the Persons entitled to vote at such meeting and their counsel
and any representatives of the Trustee and its counsel and any representatives of the Company and
its counsel.

Section 8.05. Regulations.

     Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable
regulations as it may deem advisable for any meeting of Securityholders, in regard to proof of the
holding of Securities and of the appointment of proxies, and in regard to the appointment and
duties of inspectors of votes, the submission and examination of proxies, certificates and other
evidence of the right to vote, and such other matters concerning the conduct of the meeting as it
shall think fit.

     The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting,
unless the meeting shall have been called by the Company or by Securityholders as provided in
Section 8.03, in which case the Company or the Securityholders calling the meeting, as the case may
be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent
secretary of the meeting shall be elected by majority vote of the meeting.

     Subject to the provisions of Section 8.04, at any meeting each holder of Securities or proxy
therefor shall be entitled to one vote for each $___ principal amount of Securities held or
represented by him; provided, however, that no vote shall be cast or counted at any meeting in
respect of any Security challenged as not outstanding and ruled by the chairman of the meeting to
be not outstanding. The chairman of the meeting shall have no right to vote other than by virtue
of Securities held by him or instruments in writing as aforesaid duly designating him as the person
to vote on behalf of other Securityholders. Any meeting of Securityholders duly called pursuant to
the provisions of Section 8.02 or 8.03 may be adjourned from time to time by a majority of those
present, and the meeting may be held as so adjourned without further notice.

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Section 8.06. Voting.

     The vote upon any resolution submitted to any meeting of holders of Securities shall be by
written ballots on which shall be subscribed the signatures of such holders or of their
representatives by proxy and the serial number or numbers of the Securities held or represented by
them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count
all votes cast at the meeting for or against any resolution and who shall make and file with the
secretary of the meeting their verified written reports in triplicate of all votes cast at the
meeting. A record in duplicate of the proceedings of each meeting of Securityholders shall be
prepared by the secretary of the meeting and there shall be attached to said record the original
reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or
more persons having knowledge of the facts setting forth a copy of the notice of the meeting and
showing that said notice was mailed as provided in Section 8.02. The record shall show the serial
numbers of the Securities voting in favor of or against any resolution. The record shall be signed
and verified by the affidavits of the permanent chairman and secretary of the meeting and one of
the duplicates shall be delivered to the Company and the other to the Trustee to be preserved by
the Trustee, the latter to have attached thereto the ballots voted at the meeting.

     Any record so signed and verified shall be conclusive evidence of the matters therein stated.

ARTICLE IX

AMENDMENTS

Section 9.01. Without Consent of Securityholders.

     The Company, when authorized by a Board Resolution, and the Trustee may from time to time and
at any time amend the Indenture, without the consent of the Securityholders, for one or more of the
following purposes:

     (a) to evidence the succession of another Person to the Company, or successive successions,
and the assumption by the successor Person of the covenants, agreements and obligations of the
Company pursuant to Article X hereof;

     (b) to add to the covenants of the Company such further covenants, restrictions or conditions
for the protection of the Securityholders as the Board of Directors shall consider to be for the
protection of the Securityholders, and to make the occurrence, or the occurrence and continuance,
of a default in any of such additional covenants, restrictions or conditions a default or an Event
of Default permitting the enforcement of all or any of the remedies provided in this Indenture as
herein set forth; provided, however, that in respect of any such additional covenant, restriction
or condition such amendment may provide for a particular period of grace after default (which
period may be shorter or longer than that allowed in the case of other defaults) or may provide for
an immediate enforcement upon such default or may limit the remedies available to the Trustee upon
such default;

     (c) to cure any ambiguity or to correct or supplement any provision contained herein or in
any supplemental indenture which may be defective or inconsistent with any other provision
contained herein or in any supplemental indenture, or to make such other provisions in regard to

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matters or questions arising under this Indenture; provided that any such action shall not
adversely affect the interests of the holders of the Securities;

     (d) to evidence and provide for the acceptance of appointment hereunder by a successor
trustee with respect to the Securities;

     (e) to make provision for transfer procedures, certification, book- entry provisions and all
other matters required pursuant to Section 2.06 or otherwise necessary, desirable or appropriate in
connection with the issuance of Securities to holders of Preferred Securities in the event of a
distribution of Securities by Vineyard Statutory Trust X following a Dissolution Event;

     (f) to qualify or maintain qualification of this Indenture under the Trust Indenture Act; and

     (g) to make any change that does not adversely affect the rights of any Securityholder.

     The Trustee is hereby authorized to join with the Company in the execution of any supplemental
indenture to effect such amendment, to make any further appropriate agreements and stipulations
which may be therein contained and to accept the conveyance, transfer and assignment of any
property thereunder, but the Trustee shall not be obligated to, but may in its discretion, enter
into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities
under this Indenture or otherwise.

     Any amendment to the Indenture authorized by the provisions of this Section 9.01 may be
executed by the Company and the Trustee without the consent of the holders of any of the Securities
at the time outstanding, notwithstanding any of the provisions of Section 9.02.

Section 9.02. With Consent of Securityholders.

     With the consent (evidenced as provided in Section 7.01) of the holders of a majority in
aggregate principal amount of the Securities at the time outstanding, the Company, when authorized
by a Board Resolution, and the Trustee may from time to time and at any time amend the Indenture
for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of this Indenture or of modifying in any manner the rights of the holders of the
Securities; provided, however, that no such amendment shall without the consent of the holders of
each Security then outstanding and affected thereby (i) change the Maturity Date of any Security,
or reduce the rate or extend the time of payment of interest thereon (except as contemplated by
Article XVI), or reduce the principal amount thereof, or reduce any amount payable on redemption
thereof, or make the principal thereof or any interest thereon payable in any coin or currency
other than that provided in the Securities, or impair or affect the right of any Securityholder to
institute suit for payment thereof, or (ii) reduce the aforesaid percentage of Securities the
holders of which are required to consent to any such amendment to the Indenture, provided, however,
that if the Securities are held by Vineyard Statutory Trust X, such amendment shall not be
effective until the holders of a majority in liquidation amount of Trust Securities shall have
consented to such amendment; provided, further, that if the consent of the holder of each
outstanding Security is required, such

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amendment shall not be effective until each holder of the Trust Securities shall have
consented to such amendment.

     Upon the request of the Company accompanied by a copy of a resolution of the Board of
Directors certified by its Secretary or Assistant Secretary authorizing the execution of any
supplemental indenture affecting such amendment, and upon the filing with the Trustee of evidence
of the consent of Securityholders as aforesaid, the Trustee shall join with the Company in the
execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s
own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may
in its discretion, but shall not be obligated to, enter into such supplemental indenture.

     Promptly after the execution by the Company and the Trustee of any supplemental indenture
pursuant to the provisions of this Section, the Trustee shall transmit by mail, first class postage
prepaid, a notice, prepared by the Company, setting forth in general terms the substance of such
supplemental indenture, to the Securityholders as their names and addresses appear upon the
Security Register. Any failure of the Trustee to mail such notice, or any defect therein, shall
not, however, in any way impair or affect the validity of any such supplemental indenture.

     It shall not be necessary for the consent of the Securityholders under this Section 9.02 to
approve the particular form of any proposed supplemental indenture, but it shall be sufficient if
such consent shall approve the substance thereof.

Section 9.03. Compliance with Trust Indenture Act; Effect of Supplemental Indentures.

     Any supplemental indenture executed pursuant to the provisions of this Article IX shall comply
with the Trust Indenture Act. Upon the execution of any supplemental indenture pursuant to the
provisions of this Article IX, this Indenture shall be and be deemed to be modified and amended in
accordance therewith and the respective rights, limitations of rights, obligations, duties and
immunities under this Indenture of the Trustee, the Company and the holders of Securities shall
thereafter be determined, exercised and enforced hereunder subject in all respects to such
modifications and amendments and all the terms and conditions of any such supplemental indenture
shall be and be deemed to be part of the terms and conditions of this Indenture for any and all
purposes.

Section 9.04. Notation on Securities.

     Securities authenticated and delivered after the execution of any supplemental indenture
affecting such series pursuant to the provisions of this Article IX may bear a notation in form
approved by the Trustee as to any matter provided for in such supplemental indenture. If the
Company or the Trustee shall so determine, new Securities so modified as to conform, in the opinion
of the Trustee and the Board of Directors, to any modification of this Indenture contained in any
such supplemental indenture may be prepared and executed by the Company, authenticated by the
Trustee or the Authenticating Agent and delivered in exchange for the Securities then outstanding.

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	Section 9.05.	 	Evidence of Compliance of Supplemental Indenture to be Furnished Trustee.

     The Trustee, subject to the provisions of Sections 6.01 and 6.02, may receive and rely upon,
in addition to the document required by Section 13.06, an Officers’ Certificate and an Opinion of
Counsel as conclusive evidence that any supplemental indenture executed pursuant hereto complies
with the requirements of this Article IX.

ARTICLE X

CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE

Section 10.01. Company May Consolidate, etc., on Certain Terms.

     Nothing contained in this Indenture or in any of the Securities shall prevent any
consolidation or merger of the Company with or into any other Person (whether or not affiliated
with the Company, as the case may be), or successive consolidations or mergers in which the Company
or its successor or successors, as the case may be, shall be a party or parties, or shall prevent
any sale, conveyance, transfer or lease of the property of the Company, or its successor or
successors as the case may be, as an entirety, or substantially as an entirety, to any other Person
(whether or not affiliated with the Company, or its successor or successors, as the case may be)
authorized to acquire and operate the same; provided, that (a) the Company is the surviving Person,
or the Person formed by or surviving any such consolidation or merger (if other than the Company)
or to which such sale, conveyance, transfer or lease of property is made is a Person organized and
existing under the laws of the United States, any State thereof or the District of Columbia, and
(b) upon any such consolidation, merger, sale, conveyance, transfer or lease, the due and punctual
payment of the principal of and interest on the Securities according to their tenor and the due and
punctual performance and observance of all the covenants and conditions of this Indenture to be
kept or performed by the Company shall be expressly assumed, by supplemental indenture (which shall
conform to the provisions of the Trust Indenture Act, as then in effect) satisfactory in form to
the Trustee executed and delivered to the Trustee by the Person formed by such consolidation, or
into which the Company shall have been merged, or by the Person which shall have acquired such
property, as the case may be and (c) after giving effect to such consolidation, merger, sale,
conveyance, transfer or lease, no Default or Event of Default, or any event which, after notice or
lapse of time or both, would become a Default or an Event of Default, shall have occurred and be
continuing.

Section 10.02. Successor Corporation to be Substituted for Company.

     In case of any such consolidation, merger, conveyance or transfer and upon the assumption
by the successor corporation, by supplemental indenture, executed and delivered to the Trustee and
satisfactory in form to the Trustee, of the due and punctual payment of the principal of and
interest on all of the Securities and the due and punctual performance and observance of all of the
covenants and conditions of this Indenture to be performed or observed by the Company, such
successor Person shall succeed to and be substituted for the Company, with the same effect as if it
had been named herein as the party of the first part, and the Company thereupon shall be relieved
of any further liability or obligation hereunder or upon the Securities. Such successor Person
thereupon may cause to be signed, and may issue either in its own name

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or in the name of Vineyard Statutory Trust X, any or all of the Securities issuable hereunder
which theretofore shall not have been signed by the Company and delivered to the Trustee or the
Authenticating Agent; and, upon the order of such successor Person instead of the Company and
subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee or
the Authenticating Agent shall authenticate and deliver any Securities which previously shall have
been signed and delivered by the officers of the Company to the Trustee or the Authenticating Agent
for authentication, and any Securities which such successor Person thereafter shall cause to be
signed and delivered to the Trustee or the Authenticating Agent for that purpose. All the
Securities so issued shall in all respects have the same legal rank and benefit under this
Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this
Indenture as though all of such Indentures had been issued at the date of the execution hereof.

Section 10.03. Opinion of Counsel to be Given Trustee.

     The Trustee, subject to the provisions of Sections 6.01 and 6.02, may receive an Opinion of
Counsel as conclusive evidence that any consolidation, merger, sale, conveyance, transfer or lease,
and any assumption, permitted or required by the terms of this Article X complies with the
provisions of this Article X.

ARTICLE XI

SATISFACTION AND DISCHARGE OF INDENTURE

Section 11.01. Discharge of Indenture.

     When (a) the Company shall deliver to the Trustee for cancellation all Securities theretofore
authenticated (other than any Securities which shall have been destroyed, lost or stolen and which
shall have been replaced as provided in Section 2.07) and not theretofore cancelled, or (b) all the
Securities not theretofore cancelled or delivered to the Trustee for cancellation shall have become
due and payable, or are by their terms to become due and payable within one year or are to be
called for redemption within one year under arrangements satisfactory to the Trustee for the giving
of notice of redemption, and the Company shall deposit with the Trustee, in trust, funds sufficient
to pay on the Maturity Date or upon redemption all of the Securities (other than any Securities
which shall have been destroyed, lost or stolen and which shall have been replaced as provided in
Section 2.07) not theretofore cancelled or delivered to the Trustee for cancellation, including
principal and interest (including Compounded Interest and Additional Sums, if any) due or to become
due to the Maturity Date or redemption date, as the case may be, but excluding, however, the amount
of any moneys for the payment of principal of or interest (including Compounded Interest and
Additional Sums, if any) on the Securities (1) theretofore repaid to the Company in accordance with
the provisions of Section 11.04, or (2) paid to any State or to the District of Columbia pursuant
to its unclaimed property or similar laws, and if in either case the Company shall also pay or
cause to be paid all other sums payable hereunder by the Company, then this Indenture shall cease
to be of further effect except for the provisions of Sections 2.02, 2.06, 2.07, 3.01, 3.02, 3.04,
6.06, 6.10 and 11.04 hereof, which shall survive until such Securities shall mature and be paid.
Thereafter, Sections 6.06, 6.10 and 11.04 shall survive, and the Trustee, on demand of the Company
accompanied by any Officers’ Certificate and an Opinion of Counsel and at the cost and expense of
the Company, shall execute proper instruments acknowledging satisfaction of and discharging this
Indenture,

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the Company, however, hereby agreeing to reimburse the Trustee for any costs or expenses
thereafter reasonably and properly incurred by the Trustee in connection with this Indenture or the
Securities.

Section 11.02. Deposited Moneys and U.S. Government Obligations to be Held in Trust by Trustee.

     Subject to the provisions of Section 11.04, all moneys and U.S. Government Obligations
deposited with the Trustee pursuant to Sections 11.01 or 11.05 shall be held in trust and applied
by it to the payment, either directly or through any paying agent (including the Company if acting
as its own paying agent), to the holders of the particular Securities for the payment of which such
moneys or U.S. Government Obligations have been deposited with the Trustee, of all sums due and to
become due thereon for principal and interest (including Additional Sums and Compounded Interest,
if any).

     The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the U.S. Government Obligations deposited pursuant to Section 11.05 or the
principal and interest received in respect thereof other than any such tax, fee or other charge
which by law is for the account of the holders of outstanding Securities.

Section 11.03. Paying Agent to Repay Moneys Held.

     Upon the satisfaction and discharge of this Indenture all moneys then held by any paying agent
of the Securities (other than the Trustee) shall, upon written demand of the Company, be repaid to
it or paid to the Trustee, and thereupon such paying agent shall be released from all further
liability with respect to such moneys.

Section 11.04. Return of Unclaimed Moneys.

     Any moneys deposited with or paid to the Trustee or any paying agent for payment of the
principal of or interest on Securities and not applied but remaining unclaimed by the holders of
Securities for two years after the date upon which the principal of or interest (including
Compounded Interest and Additional Sums, if any) on such Securities, as the case may be, shall have
become due and payable, shall be repaid to the Company by the Trustee or such paying agent on
written demand; and the holder of any of the Securities shall thereafter look only to the Company
for any payment which such holder may be entitled to collect and all liability of the Trustee or
such paying agent with respect to such moneys shall thereupon cease.

Section 11.05. Defeasance Upon Deposit of Moneys or U.S. Government Obligations.

     The Company shall be deemed to have been Discharged (as defined below) from its obligations
with respect to the Securities on the 91st day after the applicable conditions set forth below have
been satisfied:

     (1) the Company shall have deposited or caused to be deposited irrevocably with the Trustee
or the Defeasance Agent (as defined below) as trust funds in trust, specifically pledged as
security for, and dedicated solely to, the benefit of the holders of the Securities (i) money in an
amount, or (ii) U.S. Government Obligations which through the payment of interest and principal

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in respect thereof in accordance with their terms will provide, not later than one day before
the due date of any payment, money in an amount, or (iii) a combination of (i) and (ii),
sufficient, in the opinion (with respect to (ii) and (iii)) of a nationally recognized firm of
independent public accountants expressed in a written certification thereof delivered to the
Trustee and the Defeasance Agent, if any, to pay and discharge each installment of principal of and
interest on the outstanding Securities on the dates such installments of principal and interest are
due;

     (2) if the Securities are then listed on any national securities exchange, the Company shall
have delivered to the Trustee and the Defeasance Agent, if any, an Opinion of Counsel to the effect
that the exercise of the option under this Section 11.05 would not cause such Securities to be
delisted from such exchange;

     (3) no Default or Event of Default with respect to the Securities shall have occurred and be
continuing on the date of such deposit;

     (4) the Company shall have delivered to the Trustee and the Defeasance Agent, if any, an
Opinion of Counsel to the effect that holders of the Securities will not recognize income, gain or
loss for United States federal income tax purposes as a result of the exercise of the option under
this Section 11.05 and will be subject to United States federal income tax on the same amount and
in the same manner and at the same times as would have been the case if such option had not been
exercised, and such opinion shall be based on a statute so providing or be accompanied by a private
letter ruling to that effect received from the United States Internal Revenue Service or a revenue
ruling pertaining to a comparable form of transaction to that effect published by the United States
Internal Revenue Service;

     (5) the Trustee will not have a conflicting interest within the meaning of the Trust
Indenture Act;

     (6) a breach or violation of, or default under, any other agreement or instrument to which
the Company is a party or by which it is bound will not result;

     (7) a trust arising from such deposit will not result which constitutes an investment company
within the meaning of the Investment Company Act of 1940, as amended, unless such trust shall be
qualified or exempt from regulation thereunder; and

     (8) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion
of Counsel, each stating that all conditions precedent with respect to such Discharge have been
complied with.

     “Discharged” means that the Company shall be deemed to have paid and discharged the entire
indebtedness represented by, and obligations under, the Securities and to have satisfied all the
obligations under this Indenture relating to the Securities (and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging the same), except (A) the rights of holders
of Securities to receive, from the trust fund described in clause (1) above, payment of the
principal of and the interest on the Securities when such payments are due; (B) the Company’s
obligations with respect to the Securities under Sections 2.06, 2.07, 5.02 and 11.04; and (C) the
rights, powers, trusts, duties and immunities of the Trustee hereunder.

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     “Defeasance Agent” means another financial institution which is eligible to act as Trustee
hereunder and which assumes all of the obligations of the Trustee necessary to enable the Trustee
to act hereunder. In the event such a Defeasance Agent is appointed pursuant to this Section, the
following conditions shall apply:

     (1) The Trustee shall have approval rights over the document appointing such Defeasance Agent
and the document setting forth such Defeasance Agent’s rights and responsibilities;

     (2) The Defeasance Agent shall provide verification to the Trustee acknowledging receipt of
sufficient money and/or U.S. Government Obligations to meet the applicable conditions set forth in
this Section 11.05.

ARTICLE XII

IMMUNITY OF INCORPORATORS, STOCKHOLDERS,

OFFICERS AND DIRECTORS

Section 12.01. Indenture and Securities Solely Corporate Obligations.

     No recourse for the payment of the principal of or interest on any Security, or for any claim
based thereon or otherwise in respect thereof, and no recourse under or upon any obligation,
covenant or agreement of the Company in this Indenture, or in any Security, or because of the
creation of any indebtedness represented thereby, shall be had against any incorporator,
stockholder, officer or director, as such, past, present or future, of the Company or of any
successor Person to the Company, either directly or through the Company or any successor Person to
the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement
of any assessment or penalty or otherwise; it being expressly understood that all such liability is
hereby expressly waived and released as a condition of, and as a consideration for, the execution
of this Indenture and the issue of the Securities.

ARTICLE XIII

MISCELLANEOUS PROVISIONS

Section 13.01. Successors.

     All the covenants, stipulations, promises and agreements in this Indenture contained by the
Company shall bind its successors and assigns whether so expressed or not.

Section 13.02. Official Acts by Successor Corporation.

     Any act or proceeding by any provision of this Indenture authorized or required to be done or
performed by any board, committee or officer of the Company shall and may be done and performed
with like force and effect by the like board, committee or officer of any corporation that shall at
the time be the lawful sole successor of the Company.

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Section 13.03. Surrender of Company Powers.

     The Company by instrument in writing executed by authority of 2/3 (two-thirds) of its Board of
Directors and delivered to the Trustee may surrender any of the powers reserved to the Company, and
thereupon such power so surrendered shall terminate both as to the Company, as the case may be, and
as to any successor Person.

Section 13.04. Addresses for Notices, etc.

     Any notice or demand which by any provision of this Indenture is required or permitted to be
given or served by the Trustee or by the holders of Securities on the Company may be given or
served by being deposited postage prepaid by first class mail, registered or certified mail,
overnight courier service or conformed telecopy addressed (until another address is filed by the
Company with the Trustee for the purpose) to the Company at 9590 Foothill Boulevard, Rancho
Cucamonga, California 91730, Attention: Chief Financial Officer. Any notice, direction, request or
demand by any Securityholder to or upon the Trustee shall be deemed to have been sufficiently given
or made, for all purposes, if given or made in writing (which may be by facsimile) at the office of
the Trustee, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890, Attention:
Corporate Trust Administration, facsimile: (302) 636-4140 (unless another address is provided by
the Trustee to the Company for such purpose). Any notice or communication to a Securityholder
shall be mailed by first class mail to his or her address shown on the register kept by the
Security Registrar. Failure to mail a notice or communication to a Securityholder or any defect in
it shall not affect its sufficiency with respect to other Securityholders.

Section 13.05. Governing Law.

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

Section 13.06. Evidence of Compliance with Conditions Precedent.

     Upon any application or demand by the Company to the Trustee to take any action under any of
the provisions of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate
stating that in the opinion of the signers all conditions precedent, if any, provided for in this
Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating
that, in the opinion of such counsel, all such conditions precedent have been complied with.

     Each certificate or opinion provided for in this Indenture and delivered to the Trustee with
respect to compliance with a condition or covenant provided for in this Indenture (except
certificates delivered pursuant to Section 3.05) shall include (1) a statement that the Person
making such certificate or opinion has read such covenant or condition; (2) a brief statement as to
the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate or opinion are based; (3) a statement that, in the opinion of

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such Person, he has made such examination or investigation as is necessary to enable him to
express an informed opinion as to whether or not such covenant or condition has been complied with;
and (4) a statement as to whether or not, in the opinion of such person, such condition or covenant
has been complied with.

Section 13.07. Business Days.

     In any case where the date of payment of principal of or interest on the Securities will not
be a Business Day, the payment of such principal of or interest on the Securities need not be made
on such date but may be made on the next succeeding Business Day, with the same force and effect as
if made on the date of payment and no interest shall accrue for the period from and after such
date, except that if such next succeeding Business Day falls in the next succeeding calendar year,
then such payment shall be made on the immediately preceding Business Day, in each case with the
same force and effect as if made on such date.

Section 13.08. Trust Indenture Act to Control.

     This Indenture is subject to and shall be governed by the provisions of the Trust Indenture
Act that are required to be a part of this Indenture. If any provision hereof limits, qualifies or
conflicts with a provision of the Trust Indenture Act that is required under such act to be a part
of and govern this Indenture, the Trust Indenture Act provision shall control. If any provision of
this Indenture modifies or excludes any provision of the Trust Indenture Act that may be so
modified or excluded, the latter provision shall be deemed to apply to this Indenture as so
modified or to be excluded, as the case may be.

Section 13.09. Table of Contents, Headings, etc.

     The table of contents and the titles and headings of the articles and sections of this
Indenture have been inserted for convenience of reference only, are not to be considered a part
hereof, and shall in no way modify or restrict any of the terms or provisions hereof.

Section 13.10. Execution in Counterparts.

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

Section 13.11. Separability.

     In case any one or more of the provisions contained in this Indenture or in the Securities
shall for any reason be held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture
or of the Securities, but this Indenture and the Securities shall be construed as if such invalid
or illegal or unenforceable provision had never been contained herein or therein.

Section 13.12. Assignment.

     The Company will have the right at all times to assign any of its respective rights or
obligations under this Indenture to a direct or indirect wholly owned Subsidiary of the Company,

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provided that, in the event of any such assignment, the Company will remain primarily liable
for all such obligations. Subject to the foregoing, the Indenture is binding upon and inures to the
benefit of the parties thereto and their respective successors and assigns. This Indenture may not
otherwise be assigned by the parties thereto.

Section 13.13. Acknowledgment of Rights.

     The Company acknowledges that, with respect to any Securities held by Vineyard Statutory Trust
X or a trustee of such trust, if the Property Trustee of such Trust fails to enforce its rights
under this Indenture as the holder of the Securities held as the assets of Vineyard Statutory Trust
X, any holder of Preferred Securities may institute legal proceedings directly against the Company
to enforce such Property Trustee’s rights under this Indenture without first instituting any legal
proceedings against such Property Trustee or any other person or entity. Notwithstanding the
foregoing, if an Event of Default has occurred and is continuing and such event is attributable to
the failure of the Company to pay principal of or interest on the Securities when due, the Company
acknowledges that a holder of Preferred Securities may directly institute a proceeding for
enforcement of payment to such holder of the principal of or interest on the Securities having a
principal amount equal to the aggregate liquidation amount of the Preferred Securities of such
holder on or after the respective due date specified in the Securities.

ARTICLE XIV

REDEMPTION OF SECURITIES

Section 14.01. Special Event Redemption.

     If a Special Event has occurred and is continuing then, notwithstanding Section 14.02(a) but
subject to Section 14.02(c), the Company shall have the right, at any time within 90 days following
the occurrence of such Special Event, upon (i) not less than 45 days written notice to the Trustee
and (ii) not less than 30 days nor more than 60 days written notice to the Securityholders, to
redeem the Securities, in whole (but not in part), a redemption price equal to the accrued and
unpaid interest on the Security (including Compounded Interest and Additional Sums, if any) to be
so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the
“Redemption Price”). The Redemption Price shall be paid prior to 12:00 noon, New York time, on the
date of such redemption or such earlier time as the Company determines, provided that the Company
shall deposit with the Trustee an amount sufficient to pay the Redemption Price by ___:00 ___.m.,
New York time, on the date such Redemption Price is to be paid.

Section 14.02. Optional Redemption by Company.

     (a) Subject to the provisions of this Article XIV, the Company shall have the right to redeem
the Securities, in whole or in part, from time to time, on or after
______
___, 20___, at the
Redemption Price.

     If the Securities are only partially redeemed pursuant to this Section 14.02, the Securities
to be redeemed shall be selected on a pro rata basis, by lot or by such other method that the
Trustee shall deem appropriate not more than 60 days prior to the date fixed for redemption from
the outstanding Securities not previously called for redemption, provided, however, that any such

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method of selection may be made on the basis of the aggregate principal amount of Securities
held by each Securityholder and may be made by making such adjustments as the Company deems fair
and appropriate in order that only Securities in denominations of
$___ or integral multiples
thereof shall be redeemed. The Redemption Price shall be paid prior to ___:00 ___.m., New York
time, on the date of such redemption or at such earlier time as the Company determines, provided
that the Company shall deposit with the Trustee an amount sufficient to pay the Redemption Price by
___:00 ___.m., New York time, on the date such Redemption Price is to be paid.

     (b) Notwithstanding the first sentence of Section 14.02, upon the entry of an order for
dissolution of the Vineyard Statutory Trust X by a court of competent jurisdiction, the Securities
thereafter will be subject to optional redemption, in whole only, but not in part, on or after
______
___, 20___, at the Redemption Price, and otherwise in accordance with this Article XIV.

     (c) Any redemption of Securities pursuant to Section 14.01 or Section 14.02 shall be subject
to the receipt by the Company of any required regulatory approval.

     (d) The Company shall not effect a partial redemption of the Securities if such partial
redemption would result in a delisting of the Preferred Securities from the NASDAQ National Market
or such other exchange or organization as the Preferred Securities are then listed.

Section 14.03. No Sinking Fund.

     The Securities are not entitled to the benefit of any sinking fund.

Section 14.04. Notice of Redemption; Selection of Securities.

     In case the Company shall desire to exercise the right to redeem all, or, as the case may be,
any part of the Securities in accordance with their terms, it shall fix a date for redemption and
shall mail a notice of such redemption at least 30 and not more than 60 days prior to the date
fixed for redemption to the holders of Securities so to be redeemed as a whole or in part at their
last addresses as the same appear on the Security Register. Such mailing shall be by first class
mail. The notice if mailed in the manner herein provided shall be conclusively presumed to have
been duly given, whether or not the holder receives such notice. In any case, failure to give such
notice by mail or any defect in the notice to the holder of any Security designated for redemption
as a whole or in part shall not affect the validity of the proceedings for the redemption of any
other Security.

     Each such notice of redemption shall specify as applicable the CUSIP number of the Securities
to be redeemed, the date fixed for redemption, the redemption price at which the Securities are to
be redeemed (or the method by which such redemption price is to be calculated), the place or places
of payment that payment will be made upon presentation and surrender of the Securities, that
interest accrued to the date fixed for redemption will be paid as specified in said notice, and
that on and after said date interest thereon or on the portions thereof to be redeemed will cease
to accrue. If less than all the Securities are to be redeemed the notice of redemption shall
specify the numbers of the Securities to be redeemed. In case any Security is to be redeemed in
part only, the notice of redemption shall state the portion of the principal

52

 

amount thereof to be redeemed and shall state that on and after the date fixed for redemption,
upon surrender of such Security, a new Security or Securities in principal amount equal to the
unredeemed portion thereof will be issued.

     By ___:00 ___.m. New York time on the redemption date specified in the notice of redemption
given as provided in this Section, the Company will deposit with the Trustee or with one or more
paying agents an amount of money sufficient to redeem on the redemption date all the Securities so
called for redemption at the appropriate Redemption Price, together with accrued interest to the
date fixed for redemption.

     The Company will give the Trustee notice not less than 45 days prior to the redemption date as
to the aggregate principal amount of Securities to be redeemed and the Trustee shall select, in
such manner as in its sole discretion it shall deem appropriate and fair, the Securities or
portions thereof (in integral multiples of $___, except as otherwise set forth in the applicable
form of Security) to be redeemed.

Section 14.05. Payment of Securities Called for Redemption.

     If notice of redemption has been given as provided in Section 14.04, the Securities or
portions of Securities with respect to which such notice has been given shall become due and
payable on the date and at the place or places stated in such notice at the Redemption Price,
together with interest accrued to the date fixed for redemption (subject to the rights of holders
of Securities on the close of business on a regular record date in respect of an Interest Payment
Date occurring on or prior to the redemption date), and on and after said date (unless the Company
shall default in the payment of such Securities at the Redemption Price, together with interest
accrued to said date) interest (including Compounded Interest and Additional Sums, if any) on the
Securities or portions of Securities so called for redemption shall cease to accrue. On
presentation and surrender of such Securities at a place of payment specified in said notice, the
said Securities or the specified portions thereof shall be paid and redeemed by the Company at the
Redemption Price, together with interest (including Compounded Interest and Additional Sums, if
any) accrued thereon to the date fixed for redemption (subject to the rights of holders of
Securities on the close of business on a regular record date in respect of an Interest Payment Date
occurring on or prior to the redemption date).

     Upon presentation of any Security redeemed in part only, the Company shall execute and the
Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of
the Company, a new Security or Securities of authorized denominations, in principal amount equal to
the unredeemed portion of the Security so presented.

ARTICLE XV

SUBORDINATION OF SECURITIES

Section 15.01. Agreement to Subordinate.

     The Company covenants and agrees, and each holder of Securities issued hereunder likewise
covenants and agrees, that the Securities shall be issued subject to the provisions of this Article
XV; and each holder of a Security, whether upon original issue or upon transfer or assignment
thereof, accepts and agrees to be bound by such provisions.

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     The payment by the Company of the principal of and interest (including Compounded Interest and
Additional Sums, if any) on all Securities issued hereunder shall, to the extent and in the manner
hereinafter set forth, be subordinated and junior in right of payment in full of principal of all
Allocable Amounts on such Senior and Subordinated Indebtedness, whether outstanding at the date of
this Indenture or thereafter incurred.

     No provision of this Article XV shall prevent the occurrence of any Default or Event of
Default hereunder.

Section 15.02. Default on Senior and Subordinated Indebtedness.

     In the event and during the continuation of any default by the Company in the payment of
principal, interest or any other payment due on any Senior and Subordinated Indebtedness (after any
grace period with respect to such default has expired and such default has not been cured or waived
or ceased to exist), or in the event that the maturity of any Senior and Subordinated Indebtedness
has been accelerated because of a default, then, in either case, no payment shall be made by the
Company with respect to the principal (including redemption payments) of or interest on the
Securities.

     In the event of the acceleration of the maturity of the Securities, then no payment shall be
made by the Company with respect to the principal (including redemption payments) of or interest on
the Securities until the holders of all Senior and Subordinated Indebtedness outstanding at the
time of such acceleration shall receive payment in full of such Senior and Subordinated
Indebtedness (including any amounts due upon acceleration).

     In the event that, notwithstanding the foregoing, any payment shall be received by the Trustee
when such payment is prohibited by the preceding paragraphs of this Section 15.02, such payment
shall be held in trust for the benefit of, and shall be paid over or delivered to, the holders of
Senior and Subordinated Indebtedness or their respective representatives, or to the trustee or
trustees under any indenture pursuant to which any of such Senior and Subordinated Indebtedness may
have been issued, as their respective interests may appear, but only to the extent that the holders
of the Senior and Subordinated Indebtedness (or their representative or representatives or a
trustee) notify the Trustee in writing, within 90 days of such payment of the amounts then due and
owing on such Senior and Subordinated Indebtedness and only the amounts specified in such notice to
the Trustee shall be paid to the holders of such Senior and Subordinated Indebtedness.

Section 15.03. Liquidation; Dissolution; Bankruptcy.

     Upon any payment by the Company or distribution of assets of the Company of any kind or
character, whether in cash, property or securities, to creditors upon any dissolution or winding-up
or liquidation or reorganization of the Company, whether voluntary or involuntary or in bankruptcy,
insolvency, receivership or other proceedings, all Senior and Subordinated Indebtedness of the
Company shall first be paid in full, or payment thereof provided for in money in accordance with
its terms, before any payment is made by the Company on account of the principal or interest
(including Compounded Interest and Additional Sums, if any) on the Securities; and upon any such
dissolution or winding-up or liquidation or reorganization, any

54

 

payment by the Company, or distribution of assets of the Company of any kind or character,
whether in cash, property or securities, to which the Securityholders or the Trustee would be
entitled to receive from the Company, except for the provisions of this Article XV, shall be paid
by the Company or by any receiver, trustee in bankruptcy, liquidating trustee, agent or other
Person making such payment or distribution, or by the Securityholders or by the Trustee under the
Indenture if received by them or it, directly to the holders of Senior and Subordinated
Indebtedness of the Company (pro rata to such holders on the basis of the respective amounts of
Senior and Subordinated Indebtedness held by such holders, as calculated by the Company) or their
representative or representatives, or to the trustee or trustees under any indenture pursuant to
which any instruments evidencing such Senior and Subordinated Indebtedness may have been issued, as
their respective interests may appear, to the extent necessary to pay all such Senior and
Subordinated Indebtedness in full, in money or money’s worth, after giving effect to any concurrent
payment or distribution to or for the holders of such Senior and Subordinated Indebtedness, before
any payment or distribution is made to the Securityholders or to the Trustee.

     In the event that, notwithstanding the foregoing, any payment or distribution of assets of the
Company of any kind or character, whether in cash, property or securities, prohibited by the
foregoing, shall be received by the Trustee before all Senior and Subordinated Indebtedness is paid
in full, or provision is made for such payment in money in accordance with its terms, such payment
or distribution shall be held in trust for the benefit of and shall be paid over or delivered to
the holders of such Senior and Subordinated Indebtedness or their representative or
representatives, or to the trustee or trustees under any indenture pursuant to which any
instruments evidencing such Senior and Subordinated Indebtedness may have been issued, as their
respective interests may appear, as calculated by the Company, for application to the payment of
all Senior and Subordinated Indebtedness remaining unpaid to the extent necessary to pay all such
Senior and Subordinated Indebtedness in full in money in accordance with its terms, after giving
effect to any concurrent payment or distribution to or for the benefit of the holders of such
Senior and Subordinated Indebtedness.

     For purposes of this Article XV, the words “cash, property or securities” shall not be deemed
to include shares of stock of the Company as reorganized or readjusted, or securities of the
Company or any other corporation provided for by a plan of reorganization or readjustment, the
payment of which is subordinated at least to the extent provided in this Article XV with respect to
the Securities to the payment of Senior and Subordinated Indebtedness that may at the time be
outstanding, provided that (i) such Senior and Subordinated Indebtedness is assumed by the new
corporation, if any, resulting from any such reorganization or readjustment, and (ii) the rights of
the holders of such Senior and Subordinated Indebtedness are not, without the consent of such
holders, altered by such reorganization or readjustment. The consolidation of the Company with, or
the merger of the Company into, another Person or the liquidation or dissolution of the Company
following the sale, conveyance, transfer or lease of its property as an entirety, or substantially
as an entirety, to another Person upon the terms and conditions provided for in Article X of this
Indenture shall not be deemed a dissolution, winding-up, liquidation or reorganization for the
purposes of this Section 15.03 if such other Person shall, as a part of such consolidation, merger,
sale, conveyance, transfer or lease, comply with the conditions stated in Article X of this
Indenture. Nothing in Section 15.02 or in this Section 15.03 shall apply to claims of, or payments
to, the Trustee under or pursuant to Section 6.06 of this Indenture.

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Section 15.04. Subrogation.

     Subject to the payment in full of all Senior and Subordinated Indebtedness, the rights of the
Securityholders shall be subrogated to the rights of the holders of such Senior and Subordinated
Indebtedness to receive payments or distributions of cash, property or securities of the Company,
as the case may be, applicable to such Senior and Subordinated Indebtedness until the principal of
and interest on the Securities shall be paid in full; and, for the purposes of such subrogation, no
payments or distributions to the holders of such Senior and Subordinated Indebtedness of any cash,
property or securities to which the Securityholders or the Trustee would be entitled except for the
provisions of this Article XV, and no payment pursuant to the provisions of this Article XV to or
for the benefit of the holders of such Senior and Subordinated Indebtedness by Securityholders or
the Trustee, shall, as between the Company, its creditors other than holders of Senior and
Subordinated Indebtedness of the Company, and the holders of the Securities, be deemed to be a
payment by the Company to or on account of such Senior and Subordinated Indebtedness. It is
understood that the provisions of this Article XV are and are intended solely for the purposes of
defining the relative rights of the holders of the Securities, on the one hand, and the holders of
such Senior and Subordinated Indebtedness on the other hand.

     Nothing contained in this Article XV or elsewhere in this Indenture or in the Securities is
intended to or shall impair, as between the Company, its creditors other than the holders of Senior
and Subordinated Indebtedness of the Company, and the holders of the Securities, the obligation of
the Company, which is absolute and unconditional, to pay to the holders of the Securities the
principal of and interest (including Compounded Interest and Additional Sums, if any) on the
Securities as and when the same shall become due and payable in accordance with their terms, or is
intended to or shall affect the relative rights of the holders of the Securities and creditors of
the Company, as the case may be, other than the holders of Senior and Subordinated Indebtedness of
the Company, as the case may be, nor shall anything herein or therein prevent the Trustee or the
holder of any Security from exercising all remedies otherwise permitted by applicable law upon
default under the Indenture, subject to the rights, if any, under this Article XV of the holders of
such Senior and Subordinated Indebtedness in respect of cash, property or securities of the
Company, as the case may be, received upon the exercise of any such remedy.

     Upon any payment or distribution of assets of the Company referred to in this Article XV, the
Trustee, subject to the provisions of Article VI of this Indenture, and the Securityholders shall
be entitled to conclusively rely upon any order or decree made by any court of competent
jurisdiction in which such dissolution, winding-up, liquidation or reorganization proceedings are
pending, or a certificate of the receiver, trustee in bankruptcy, liquidation trustee, agent or
other Person making such payment or distribution, delivered to the Trustee or to the
Securityholders, for the purposes of ascertaining the Persons entitled to participate in such
distribution, the holders of Senior and Subordinated Indebtedness and other indebtedness of the
Company, as the case may be, the amount thereof or payable thereon, the amount or amounts paid or
distributed thereon and all other facts pertinent thereto or to this Article XV.

Section 15.05. Trustee to Effectuate Subordination.

     Each Securityholder by such Security holder’s acceptance thereof authorizes and directs the
Trustee on such Securityholder’s behalf to take such action as may be necessary or

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appropriate to effectuate the subordination provided in this Article XV and appoints the
Trustee such Securityholder’s attorney-in-fact for any and all such purposes.

Section 15.06. Notice by the Company.

     The Company shall give prompt written notice to a Responsible Officer of the Trustee of any
fact known to the Company that would prohibit the making of any payment of monies to or by the
Trustee in respect of the Securities pursuant to the provisions of this Article XV. Notwithstanding
the provisions of this Article XV or any other provision of this Indenture, the Trustee shall not
be charged with knowledge of the existence of any facts that would prohibit the making of any
payment of monies to or by the Trustee in respect of the Securities pursuant to the provisions of
this Article XV, unless and until a Responsible Officer of the Trustee shall have received written
notice thereof from the Company or a holder or holders of Senior and Subordinated Indebtedness or
from any trustee therefor; and before the receipt of any such written notice, the Trustee, subject
to the provisions of Article VI of this Indenture, shall be entitled in all respects to assume that
no such facts exist; provided, however, that if the Trustee shall not have received the notice
provided for in this Section 15.06 at least two Business Days prior to the date upon which by the
terms hereof any money may become payable for any purpose (including, without limitation, the
payment of the principal of or interest (including Compounded Interest and Additional Sums, if any)
on any Security), then, anything herein contained to the contrary notwithstanding, the Trustee
shall have full power and authority to receive such money and to apply the same to the purposes for
which they were received, and shall not be affected by any notice to the contrary that may be
received by it within two Business Days prior to such date.

     The Trustee, subject to the provisions of Article VI of this Indenture, shall be entitled to
conclusively rely on the delivery to it of a written notice by a Person representing himself to be
a holder of Senior and Subordinated Indebtedness of the Company (or a trustee on behalf of such
holder), as the case may be, to establish that such notice has been given by a holder of such
Senior and Subordinated Indebtedness or a trustee on behalf of any such holder or holders. In the
event that the Trustee determines in good faith that further evidence is required with respect to
the right of any Person as a holder of such Senior and Subordinated Indebtedness to participate in
any payment or distribution pursuant to this Article XV, the Trustee may request such Person to
furnish evidence to the reasonable satisfaction of the Trustee as to the amount of such Senior and
Subordinated Indebtedness held by such Person, the extent to which such Person is entitled to
participate in such payment or distribution and any other facts pertinent to the rights of such
Person under this Article XV, and, if such evidence is not furnished, the Trustee may defer any
payment to such Person pending judicial determination as to the right of such Person to receive
such payment.

     Upon any payment or distribution of assets of the Company referred to in this Article XV, the
Trustee and the Securityholders shall be entitled to rely upon any order or decree entered by any
court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation,
reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate
of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of
creditors, agent or other person making such payment or distribution, delivered to the Trustee or
to the Securityholders, for the purpose of ascertaining the persons entitled to

57

 

participate in such payment or distribution, the holders of Senior and Subordinated
Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the
amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this
Article XV.

Section 15.07. Rights of the Trustee; Holders of Senior and Subordinated Indebtedness.

     The Trustee in its individual capacity shall be entitled to all the rights set forth in this
Article XV in respect of any Senior and Subordinated Indebtedness at any time held by it, to the
same extent as any other holder of Senior and Subordinated Indebtedness, and nothing in this
Indenture shall deprive the Trustee of any of its rights as such holder.

     With respect to the holders of Senior and Subordinated Indebtedness of the Company, the
Trustee undertakes to perform or to observe only such of its covenants and obligations as are
specifically set forth in this Article XV, and no implied covenants or obligations with respect to
the holders of such Senior and Subordinated Indebtedness shall be read into this Indenture against
the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of such
Senior and Subordinated Indebtedness and, subject to the provisions of Article VI of this
Indenture, the Trustee shall not be liable to any holder of such Senior and Subordinated
Indebtedness if it shall pay over or deliver to Securityholders, the Company or any other Person
money or assets to which any holder of such Senior and Subordinated Indebtedness shall be entitled
by virtue of this Article XV or otherwise.

     Nothing in this Article XV shall apply to claims of, or payments to, the Trustee under or
pursuant to Section 6.06.

Section 15.08. Subordination May Not Be Impaired.

     No right of any present or future holder of any Senior and Subordinated Indebtedness of the
Company to enforce subordination as herein provided shall at any time in any way be prejudiced or
impaired by any act or failure to act on the part of the Company, as the case may be, or by any act
or failure to act, in good faith, by any such holder, or by any noncompliance by the Company, as
the case may be, with the terms, provisions and covenants of this Indenture, regardless of any
knowledge thereof that any such holder may have or otherwise be charged with.

     Without in any way limiting the generality of the foregoing paragraph, the holders of Senior
and Subordinated Indebtedness of the Company may, at any time and from time to time, without the
consent of or notice to the Trustee or the Securityholders, without incurring responsibility to the
Securityholders and without impairing or releasing the subordination provided in this Article XV or
the obligations hereunder of the holders of the Securities to the holders of such Senior and
Subordinated Indebtedness, do any one or more of the following: (i) change the manner, place or
terms of payment or extend the time of payment of, or renew or alter, such Senior and Subordinated
Indebtedness, or otherwise amend or supplement in any manner such Senior and Subordinated
Indebtedness or any instrument evidencing the same or any agreement under which such Senior and
Subordinated Indebtedness is outstanding; (ii) sell, exchange, release or otherwise deal with any
property pledged, mortgaged or otherwise securing such Senior and Subordinated Indebtedness; (iii)
release any Person liable in any manner for the

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collection of such Senior and Subordinated Indebtedness; and (iv) exercise or refrain from
exercising any rights against the Company, as the case may be, and any other Person.

ARTICLE XVI

EXTENSION OF INTEREST PAYMENT PERIOD

Section 16.01. Extension of Interest Payment Period.

     So long as no Event of Default has occurred and is continuing, the Company shall have the
right, at any time and from time to time during the term of the Securities, to defer payments of
interest by extending the interest payment period of such Securities for a period not exceeding 20
consecutive quarterly periods, including the first such quarterly period during such extension
period (the “Extended Interest Payment Period”), during which Extended Interest Payment Period no
interest shall be due and payable; provided that no Extended Interest Payment Period shall end on a
date other than an Interest Payment Date or extend beyond the Maturity Date. To the extent
permitted by applicable law, interest, the payment of which has been deferred because of the
extension of the interest payment period pursuant to this Section 16.01, will bear interest thereon
at the Coupon Rate compounded quarterly for each quarterly period of the Extended Interest Payment
Period (“Compounded Interest”). At the end of the Extended Interest Payment Period, the Company
shall pay all interest accrued and unpaid on the Securities, including any Additional Sums and
Compounded Interest (together, “Deferred Interest”) that shall be payable to the holders of the
Securities in whose names the Securities are registered in the Security Register on the first
record date preceding the end of the Extended Interest Payment Period. Before the termination of
any Extended Interest Payment Period, the Company may further defer payments of interest by further
extending such period, provided that such period, together with all such previous and further
extensions within such Extended Interest Payment Period, shall not exceed 20 consecutive quarterly
periods, including the first such quarterly period during such Extended Interest Payment Period,
end on a date other than an Interest Payment Date or extend beyond the Maturity Date of the
Securities. Upon the termination of any Extended Interest Payment Period and the payment of all
Deferred Interest then due, the Company may commence a new Extended Interest Payment Period,
subject to the foregoing requirements. No interest shall be due and payable during an Extended
Interest Payment Period, except at the end thereof, but the Company may prepay at any time all or
any portion of the interest accrued during an Extended Interest Payment Period.

Section 16.02. Notice of Extension.

     (a) If the Property Trustee is the only registered holder of the Securities at the time the
Company selects an Extended Interest Payment Period, the Company shall give written notice to the
Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended
Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on
which Distributions on the Trust Securities issued by the Trust are payable, or (ii) the date the
Trust is required to give notice of the record date, or the date such Distributions are payable, to
any national securities exchange or to holders of the Preferred Securities issued by the Trust, but
in any event at least five Business Days before such record date.

59

 

     (b) If the Property Trustee is not the only holder of the Securities at the time the Company
selects an Extended Interest Payment Period, the Company shall give the holders of the Securities
and the Trustee written notice of its selection of such Extended Interest Payment Period at least
five Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the
date the Company is required to give notice of the record or payment date of such interest payment
to any national securities exchange.

     (c) The quarterly period in which any notice is given pursuant to paragraphs (a) or (b) of
this Section 16.02 shall be counted as one of the 20 quarterly periods permitted in the maximum
Extended Interest Payment Period permitted under Section 16.01.

     Wilmington, Trust Company hereby accepts the trusts in this Indenture declared and provided,
upon the terms and conditions hereinabove set forth.

60

 

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

	 	 	 	 	 	 	 
	 	 	VINEYARD NATIONAL BANCORP	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	WILMINGTON TRUST COMPANY,

AS TRUSTEE	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

61

 

EXHIBIT A

     [THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED
TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE
DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY.

     UNLESS THIS DEBENTURE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TO THE
TRUST OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY PREFERRED SECURITY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF THE CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]

	 	 	 
	No. 1
	 	Principal Amount: $
	 
	 	CUSIP No.___

Vineyard Statutory Trust X

__% JUNIOR SUBORDINATED DEFERRABLE INTEREST

DEBENTURE DUE _________ ___, 20___

     Vineyard
National Bancorp, a California corporation (the “Company”), which term
includes any successor Person under the Indenture hereinafter referred to), for value received,
hereby promises to pay to ______, as Property Trustee for Vineyard Statutory Trust X or
registered assigns, the principal sum of $______, on ______
___, 200___ (the “Maturity Date”);
provided that the Company may redeem this Security on a date not earlier than ______
___, 200___,
and to pay interest on the outstanding principal amount hereof from ______
___, 200___, or from the
most recent interest payment date (each such date, an “Interest Payment Date”) to which interest
has been paid or duly provided for, quarterly (subject to deferral as set forth herein) in arrears
on the last day of March, June, September and December of each year, commencing ______
___, 200___,
at the rate of ___% per annum until the

1

 

principal hereof shall have become due and payable, and on any overdue principal and (without
duplication and to the extent that payment of such interest is enforceable under applicable law) on
any overdue installment of interest at the same rate per annum compounded quarterly. The amount of
interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of
twelve 30-day months and, for any period less than a full calendar quarter, the number of days
elapsed in such quarter based upon 30- day months. In the event that any date on which the
principal of or interest on this Security is payable is not a Business Day, then the payment
payable on such date will be made on the next succeeding Business Day (and without any interest or
other payment in respect of any such delay), except that if such next succeeding Business Day falls
in the next calendar year, then such payment shall be made on the immediately preceding Business
Day, in each case with the same force and effect as if made on such date. Pursuant to the
Indenture, in certain circumstances the Company will be required to pay Additional Sums and
Compounded Interest (each as defined in the Indenture) with respect to this Security.

     The interest installment so payable, and punctually paid or duly provided for, on any Interest
Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security
(or one or more Predecessor Securities, as defined in said Indenture) is registered at the close of
business on the regular record date for such interest installment, which shall be at the close of
business on the Business Day next preceding such Interest Payment Date; provided, however, that in
the event that the Preferred Securities are no longer in book-entry only form or this Security (or
one or more predecessor Securities) are not represented by a Global Security, the record date for
such payment shall be the fifteenth day of the month in which such payment is due. Any such
interest installment not punctually paid or duly provided for shall forthwith cease to be payable
to the holders on such regular record date and may be paid to the Person in whose name this
Security (or one or more Predecessor Securities) is registered at the close of business on a
special record date to be fixed by the Trustee for the payment of such defaulted interest, notice
whereof shall be given to the holders of Securities not less than 10 days prior to such special
record date, or may be paid at any time in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Securities may be listed, and upon such notice
as may be required by such exchange, all as more fully provided in the Indenture.

     The principal of and interest (including Compounded Interest and Additional Sums, if any) on
this Security shall be payable at the office or agency of the Trustee maintained for that purpose
in any coin or currency of the United States of America that at the time of payment is legal tender
for payment of public and private debts; provided, however, that, payment of interest may be made
at the option of the Company by (i) check mailed to the holder at such address as shall appear in
the Security Register or (ii) by transfer to an account maintained by the Person entitled thereto,
provided that proper written transfer instructions have been received by the relevant record date.

     The indebtedness evidenced by this Security is, to the extent provided in the Indenture,
subordinate and junior in right of payment to the prior payment in full of all Senior and
Subordinated Indebtedness, and this Security is issued subject to the provisions of the Indenture
with respect thereto. Each holder of this Security, by accepting the same, (a) agrees to and shall
be bound by such provisions, (b) authorizes and directs the Trustee on his or her behalf to take
such action as may be necessary or appropriate to acknowledge or effectuate the subordination so

2

 

provided and (c) appoints the Trustee his or her attorney-in-fact for any and all such
purposes. Each holder hereof, by his or her acceptance hereof, hereby waives all notice of the
acceptance of the subordination provisions contained herein and in the Indenture by each holder of
Senior and Subordinated Indebtedness, whether now outstanding or hereafter incurred, and waives
reliance by each such holder upon said provisions.

     This Security shall not be entitled to any benefit under the Indenture hereinafter referred
to, be valid or become obligatory for any purpose until the Certificate of Authentication hereon
shall have been signed by or on behalf of the Trustee.

     The provisions of this Security are continued on the reverse side hereof and such provisions
shall for all purposes have the same effect as though fully set forth at this place.

3

 

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed and sealed.

Dated:

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	VINEYARD NATIONAL BANCORP

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Attest:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Name:
	 	 	 	 	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 	 	 	 	 

4

 

(FORM OF CERTIFICATE OF AUTHENTICATION)

CERTIFICATE OF AUTHENTICATION

     This is one of the Securities referred to in the within-mentioned Indenture.

_______________, as Trustee

	 	 	 	 	 
	By:

	 	 	 	Dated:
	 

	 	 	 	 
	 

	 	Authorized Signatory	 	 

     This Security is one of the Securities of the Company (herein sometimes referred to as the
“Securities”), specified in the Indenture, all issued or to be issued under and pursuant to an
Indenture, dated as of ______
___, 200___, (the “Indenture”), duly executed and delivered between
the Company and Wilmington Trust Company, as Trustee (the “Trustee”), to which Indenture reference
is hereby made for a description of the rights, limitations of rights, obligations, duties and
immunities thereunder of the Trustee, the Company and the holders of the Securities.

     Upon the occurrence and continuation of a Special Event, as defined in the Indenture, the
Company shall have the right, at any time within 90 days following the occurrence of such Special
Event, to redeem this Security in whole (but not in part), a redemption price equal to the accrued
and unpaid interest on the Security (including Compounded Interest and Additional Sums, if any) to
be so redeemed to the date fixed for redemption, plus 100% of the principal amount thereof (the
“Redemption Price”).

     In addition, subject to the Company having received the prior approval of the applicable
regulatory agencies, if it is then required under applicable regulatory requirements, the Company
shall have the right to redeem this Security, in whole or in part, at any time on or after
______
___, 200___ at the Redemption Price; provided, however, that the Company shall not effect
a partial redemption of this Security if such partial redemption would result in a delisting of the
Preferred Securities from the NASDAQ National Market or such other exchange or organization as the
Preferred Securities are then listed.

     The Redemption Price shall be paid prior to ___:00 ___.m., New York City time on the date of
such redemption or at such earlier time as the Company determines, provided, that the Company shall
deposit with the Trustee an amount sufficient to pay the applicable Redemption Price by ___:00
___.m., New York City time, on the date such Redemption Price is to be paid. Any redemption
pursuant to this paragraph will be made upon not less than 30 days or more than 60 days notice. If
the Securities are only partially redeemed by the Company, the particular Securities to be redeemed
shall be selected on a pro rata basis, by lot or such other method that the Trustee shall deem
appropriate not more than 60 days prior to the date fixed for redemption from the outstanding
Securities not previously called for redemption, provided, however, that

5

 

any such selection may be made on the basis of the aggregate principal amount of Securities
held by each Securityholder thereof and may be made by making such adjustments as the Company deems
fair and appropriate in order that only Securities in denominations
of $___ or integral multiples
thereof shall be redeemed.

     In the event of redemption of this Security in part only, a new Security or Securities for the
unredeemed portion hereof will be issued in the name of the holder hereof upon the cancellation
hereof. Notwithstanding the foregoing, any redemption of this Security by the Company shall be
subject to the receipt of any and all required regulatory approvals.

     In case an Event of Default, as defined in the Indenture, shall have occurred and be
continuing, the principal of all of the Securities may be declared, and upon such declaration shall
become, due and payable, in the manner, with the effect and subject to the conditions provided in
the Indenture.

     The Indenture contains provisions permitting the Company and the Trustee, with the consent of
the holders of a majority in aggregate principal amount of the Securities at the time outstanding,
as defined in the Indenture, to execute supplemental indentures for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of
modifying in any manner the rights of the holders of the Securities; provided, however, that no
such supplemental indenture shall, without the consent of each holder of Securities then
outstanding and affected thereby, (i) change the Maturity Date of any Securities, or reduce the
principal amount thereof, or reduce any amount payable on redemption thereof, or reduce the rate or
extend the time of payment of interest thereon (subject to Article XVI of the Indenture), or make
the principal of, or interest on, the Securities payable in any coin or currency other than U.S.
dollars, or impair or affect the right of any holder of Securities to institute suit for the
payment thereof, or (ii) reduce the aforesaid percentage of Securities, the holders of which are
required to consent to any such supplemental indenture. The Indenture also contains provisions
permitting the holders of a majority in aggregate principal amount of the Securities at the time
outstanding affected thereby, on behalf of all of the holders of the Securities, to waive any past
default in the performance of any of the covenants contained in the Indenture, or established
pursuant to the Indenture, and its consequences, except a default in the payment of the principal
of or interest on any of the Securities or a default in respect of any covenant or provision under
which the Indenture cannot be modified or amended without the consent of each holder of Securities
then outstanding. Any such consent or waiver by the holder of this Security (unless revoked as
provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future
holders and owners of this Security and of any Security issued in exchange herefor or in place
hereof, irrespective of whether or not any notation of such consent or waiver is made upon this
Security.

     No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of and interest (including Compounded Interest and Additional Sums, if any) on this
Security at the time and place and at the rate and in the money herein prescribed.

     So long as no Event of Default shall have occurred and be continuing, the Company shall have
the right, at any time and from time to time during the term of the Securities, to defer

6

 

payments of interest by extending the interest payment period of such Securities for a period
not exceeding 20 consecutive quarterly periods, including the first such quarterly period during
such extension period, and not extending beyond the Maturity Date of the Securities (an “Extended
Interest Payment Period”) or ending on a date other than an Interest Payment Date, at the end of
which period the Company shall pay all interest then accrued and unpaid (together with interest
thereon at the rate specified for the Securities to the extent that payment of such interest is
enforceable under applicable law). Before the termination of any such Extended Interest Payment
Period, the Company may further defer payments of interest by further extending such Extended
Interest Payment Period, provided that such Extended Interest Payment Period, together with all
such previous and further extensions within such Extended Interest Payment Period, (i) shall not
exceed 20 consecutive quarterly periods, including the first quarterly period during such Extended
Interest Payment Period, (ii) shall not end on any date other than an Interest Payment Date, and
(iii) shall not extend beyond the Maturity Date of the Securities. Upon the termination of any such
Extended Interest Payment Period and the payment of all accrued and unpaid interest and any
additional amounts then due, the Company may commence a new Extended Interest Payment Period,
subject to the foregoing requirements.

     The Company has agreed that it will not (i) declare or pay any dividends or distributions on,
or redeem, purchase, acquire, or make a liquidation payment with respect to, any of the Company’s
capital stock (which includes common and preferred stock), (ii) make any payment of principal,
interest or premium, if any, on or repay or repurchase or redeem any debt securities of the Company
that rank pari passu with or junior in right of payment to the Securities or (iii) make any
guarantee payments with respect to any guarantee by the Company of the debt securities of any
Subsidiary of the Company if such guarantee ranks pari passu or junior in right of payment to the
Securities (other than (a) dividends or distributions in shares of, or options, warrants or rights
to subscribe for or purchase shares of, Common Stock of the Company, (b) any declaration of a
dividend in connection with the implementation of a stockholder’s rights plan, or the issuance of
stock under any such plan in the future, or the redemption or repurchase of any such rights
pursuant thereto, (c) payments under the Preferred Securities Guarantee, (d) the purchase of
fractional shares resulting from a reclassification of the Company’s capital stock, (e) the
purchase of fractional interests in shares of the Company’s capital stock pursuant to the exchange
or conversion of such capital stock or the security being exchanged or converted and (f) purchases
of Common Stock related to the issuance of Common Stock or rights under any of the Company’s
benefit plans for its directors, officers or employees or any of the Company’s dividend
reinvestment plans) if at such time (1) there shall have occurred any event would constitute an
Event of Default, (2) if the Securities are held by the Property Trustee, the Company shall be in
default with respect to its payment obligations under the Preferred Securities Guarantee or (3) the
Company shall have given notice of its election of the exercise of its right to extend the interest
payment period and any such extension shall be continuing.

     Subject to (i) the receipt of any required regulatory approval and (ii) the receipt by the
Company of an opinion of counsel to the effect that such distribution will not cause the holders of
the Preferred Securities to recognize gain or loss for Federal income tax purposes, the Company
will have the right at any time to liquidate the Vineyard Statutory Trust X and cause the
Securities to be distributed to the holders of the Trust Securities in liquidation of the Trust.

7

 

     The Indenture contains provisions for satisfaction and discharge of the entire indebtedness of
this Security upon compliance by the Company with certain conditions set forth in the Indenture.

     The Securities are issuable only in registered form without coupons in denominations of
$___.00 and any integral multiple thereof. As provided in the Indenture and subject to the
transfer restrictions limitations as may be contained herein and therein from time to time, this
Security is transferable by the holder hereof on the Security Register of the Company, upon
surrender of this Security for registration of transfer at the office or agency of the Company in
the City and State of New York accompanied by a written instrument or instruments of transfer in
form satisfactory to the Company or the Trustee duly executed by the holder hereof or his attorney
duly authorized in writing, and thereupon one or more new Securities of authorized denominations
and for the same aggregate principal amount and series will be issued to the designated transferee
or transferees. No service charge will be made for any such registration of transfer, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in relation thereto.

     Prior to due presentment for registration of transfer of this Security, the Company, the
Trustee, any authenticating agent, any paying agent, any transfer agent and the registrar may deem
and treat the holder hereof as the absolute owner hereof (whether or not this Security shall be
overdue and notwithstanding any notice of ownership or writing hereon made by anyone other than the
Security Registrar) for the purpose of receiving payment of or on account of the principal hereof
and (subject to the Indenture) interest due hereon and for all other purposes, and neither the
Company nor the Trustee nor any authenticating agent nor any paying agent nor any transfer agent
nor any registrar shall be affected by any notice to the contrary.

     No recourse shall be had for the payment of the principal of or interest on this Security, or
for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the
Indenture, against any incorporator, stockholder, officer or director, past, present or future, as
such, of the Company or of any predecessor or successor Person, whether by virtue of any
constitution, statute or rule of law, or by the enforcement of any assessment or penalty or
otherwise, all such liability being, by the acceptance hereof and as part of the consideration for
the issuance hereof, expressly waived and released.

     All terms used in this Security that are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

     THE INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

8exv4w6

 

Exhibit 4.6

FORM OF

CERTIFICATE OF TRUST

OF

VINEYARD STATUTORY TRUST X

          THIS Certificate of Trust of Vineyard Statutory Trust X (the “Trust”), is being duly executed
and filed by the undersigned, as trustees, to form a statutory trust under the Delaware Statutory
Trust Act (12 Del. Code, § 3801 et seq.) (the “Act”).

          1. Name. The name of the statutory trust formed hereby is Vineyard Statutory Trust X.

          2. Delaware Trustee. The name and business address of the trustee of the Trust in the State
of Delaware are Wilmington Trust Company, Rodney Square North, 1100 North Market Street,
Wilmington, Delaware 19890-0001, Attention: Corporate Trust Administration.

          3. Effective Date. This Certificate of Trust shall be effective upon filing.

          IN WITNESS WHEREOF, the undersigned have duly executed this Certificate of Trust in accordance
with Section 3811(a)(1) of the Act.

	 	 	 	 	 	 	 
	 	 	WILMINGTON TRUST COMPANY,	 	 
	 	 	          as trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Name: Gordon Fong	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Name: Norman A. Morales

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