Reliance Bancshares, Inc. 8-K (Events or Changes Between Quarterly Reports) 2009-02-23

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Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): February 13, 2009
RELIANCE BANCSHARES, INC.

(Exact name of registrant as specified in its charter)
Missouri 000-52588 43-1823071

(State or other jurisdiction of (File Number)Commission (I.R.S. Employer
incorporation) Identification No.)
10401 Clayton Road 63131

Frontenac, Missouri (Zip Code)
(Address of principal executive offices)
(314) 569-7200
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act.
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act.
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
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TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement

Item 3.02 Unregistered Sales of Equity Securities
Item 3.03 Material Modification of the Rights of Security Holders
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
Item 5.03 Amendments of Incorporation or Bylaws; Change in Fiscal Year
Item 8.01 Other Events
Item 9.01 Financial Statements and Exhibits
SIGNATURES
EX-4.1
EX-4.2
EX-4.3
EX-4.4
EX-4.5
EX-10.1
EX-10.2
EX-10.3
EX-99.1
Table of Contents
Item 1.01 Entry into a Material Definitive Agreement

Item 3.02 Unregistered Sales of Equity Securities
Item 3.03 Material Modification of the Rights of Security Holders
On February 13, 2009, Reliance Bancshares, Inc., a bank holding company headquartered in St. Louis, Missouri (the “Company”), completed
the sale of $40 million of preferred stock and a warrant to purchase common stock to the United States Department of the Treasury (the
“Treasury”) under the Treasury’s Capital Purchase Program under the Emergency Economic Stabilization Act of 2008 (the “EESA”).
The Company issued and sold (1) 40,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, no par value, Series A, liquidation
preference of $1,000 per share (the “Series A Preferred Shares”), and (2) a ten-year warrant (the “Warrant”) to purchase up to 2,000.02 shares
of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, no par value, Series B (the “Warrant Shares”) at an exercise price of $0.01
per share, or an aggregate purchase price of $40 million in cash. Cumulative dividends of the Series A Preferred Shares accrue at the rate of 5%
per annum for the first five years, and at a rate of 9% per annum thereafter. The Warrant was immediately exercised by the Treasury and
thereby cancelled. As a result, the Company issued a Series B Preferred Stock Certificate for 2,000 of the Warrant Shares to the Treasury.
Cumulative dividends of the Warrant Shares accrue at the rate of 9% per annum.
The Letter Agreement and Securities Purchase Agreement — Standard Terms (collectively, the “Purchase Agreement”), dated February 13,
2009, between the Company and the Treasury, pursuant to which the Series B Cumulative Perpetual Preferred Shares and the Warrant were
sold, contains limitations on certain actions of the Company. This includes, but is not limited to, payments of dividends, and redemptions and
acquisitions of Company equity securities. Additionally, compensation and benefits are restricted, as set forth under “Item 5.02 — Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers”,
which is incorporated herein by reference.
The issuance of the Series A Preferred Shares and the Warrant Shares were exempt from registration as a transaction by an issuer not
involving any public offering under Section 4(2) of the Securities Act of 1933, as amended.
The Purchase Agreement and the Warrant are exhibits to this Report on Form 8-K. The foregoing summary of certain provisions of these
documents is qualified in its entirety by reference to them.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
Pursuant to a condition of the transaction closing described under “Item 1.01 — Entry into a Material Definitive Agreement” which is
incorporated herein by reference, each of the Company’s Senior Executive Officers (as defined in the Purchase Agreement) executed a waiver
voluntarily that waives any claim against the Treasury or the Company for any alterations or changes to their compensation and benefits.
Through execution of a separate Omnibus Agreement, the Senior Executive Officers acknowledged that in order to comply with the regulatory
requirements of Section 111 (b) of EESA, modifications may be made of their
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compensation, bonus, incentive and other benefit plans, arrangements and agreements (including, if applicable, “golden parachute”,
severance and employment agreements) as required during the period of time the Treasury holds any equity or debt securities of the Company
acquired through the TARP Capital Purchase Program. The form of Omnibus Agreement and waiver are exhibits to this Report on Form 8-K.
Item 5.03 Amendments of Incorporation or Bylaws; Change in Fiscal Year

On February 5, 2009, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of Fixed Rate Cumulative
Perpetual Preferred Stock (the “Series A Certificate of Designation”), no par value, Series A, with the Missouri Secretary of State for the
purpose of creating and designating the number of shares of such series, and the voting and other powers, preferences and relative,
participating, optional or other rights, and the qualifications, limitations and restrictions thereof, for 40,000 shares of such stock. Also on that
date, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of Fixed Rate Cumulative Perpetual Preferred Stock
(the “Series B Certificate of Designation”), no par value, Series B for the purpose of creating and designating the number of shares of such
series, and the voting and other powers, preferences and relative, participating, optional or other rights, and the qualifications, limitations and
restrictions thereof, for 2,000.02 shares of such stock. These filings were effective immediately.
On February 11, 2009, the Company filed a Corrected Certificate of Designation of the Series B Certificate of Designation, which became
effective immediately. The Series A Certificate of Designation, the Series B Certificate of Designation and the Corrected Series B Certificate of
Designation are exhibits to this Report on Form 8-K.
Item 8.01 Other Events

On February 20, 2009, the Company issued a press release announcing that it completed the sale of the Series B Preferred Stock and
Warrant to the Treasury. A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits

The following exhibits are filed herewith:
Exhibit No. Description of Exhibit
4.1 Certificate of Designation establishing Fixed Rate Cumulative Perpetual Preferred Stock, No Par Value, Series A, of Reliance
Bancshares, Inc.
4.2 Certificate of Designation establishing Fixed Rate Cumulative Perpetual Preferred Stock, No Par Value, Series B of Reliance
Bancshares, Inc.
4.3 Corrected Certificate of Designation establishing Fixed Rate Cumulative Perpetual Preferred Stock, No Par Value, Series B, of
Reliance Bancshares, Inc.
4.4 Form of stock certificates for Fixed Rate Cumulative Perpetual Preferred, No Par Value, Series A and Series B
4.5 Form of Warrant to Purchase up to 2,000.02 Shares of Fixed Rate Cumulative Perpetual Preferred Stock, No Par Value, Series B of
10.1 Letter Agreement dated February 13, 2009 including the Securities Purchase Agreement — Standard Terms incorporated by
reference therein between the Company and the Treasury
10.2 Form of Omnibus Agreement between Reliance Bancshares, Inc. and each of Jerry S. Von Rohr, Dale E. Oberkfell, David S.
Matthews, Daniel W. Jasper and Daniel S. Brown
10.3 Waivers executed by each of Jerry S. Von Rohr, Dale E. Oberkfell, David S. Matthews, Daniel W. Jasper and Daniel S. Brown
99.1 Press Release dated February 20, 2009

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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: February 20, 2009

(Registrant)
By: /s/ Dale E. Oberkfell

Name: Dale E. Oberkfell
Title: Chief Financial Officer
Exhibit 4.1
ANNEX A
STATE OF MISSOURI...OFFICE OF SECRETARY OF STATE
ROBIN CARNAHAN, Secretary of State
CERTIFICATE OF DESIGNATIONS OF PREFERENCES,

RIGHTS AND LIMITATIONS
OF
FIXED RATE CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES A
OF

(No. 00458535)
Reliance Bancshares, Inc. a corporation organized and existing under The General and Business Corporation Law of the State of Missouri
(the “Issuer”), in accordance with the provisions of Section 351.180 of the Revised Statutes of Missouri, does hereby certify:
The board of directors of the Issuer (the “Board of Directors”), in accordance with the restated articles of incorporation and bylaws of the
Issuer and applicable law, adopted the following resolution at a regular meeting held on Tuesday, January 20, 2009, creating a series of 40,000
shares of Preferred Stock of the Issuer designated as “Fixed Rate Cumulative Perpetual Preferred Stock, no par value, Series A”.
RESOLVED, that pursuant to the provisions of the restated articles of incorporation and the bylaws of the Issuer and applicable law, a
series of Preferred Stock, no par value, of the Issuer be and hereby is created, and that the designation and number of shares of such series,
and the voting and other powers, preferences and relative, participating, optional or other rights, and the qualifications, limitations and
restrictions thereof, of the shares of such series, are as follows:
Part 1. Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the
Issuer a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, no par value, Series A” (the “Designated
Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be 40,000.
Part 2. Standard Provisions. The Standard Provisions contained in Schedule A attached hereto are incorporated herein by reference in their
entirety and shall be deemed to be a part of this Certificate of Designation to the same extent as if such provisions had been set forth in full
herein.
1
Part. 3. Definitions. The following terms are used in this Certificate of Designation (including the Standard Provisions in Schedule A hereto)
as defined below:
(a) “Common Stock” means the Class A Common Stock, par value $0.25 per share, of the Issuer
(b) “Dividend Payment Date” means February 15, May 15, August 15 and November 15 of each year.
(c) “Junior Stock” means the Common Stock and any other class or series of stock of the Issuer the terms of which expressly provide that it
ranks junior to Designated Preferred Stock as to dividend rights and/or as to rights on liquidation, dissolution or winding up of the Issuer.
(d) “Liquidation Amount” means $1,000 per share of Designated Preferred Stock.
(e) “Minimum Amount” means $ 10,000,000.
(f) “Parity Stock” means any class or series of stock of the Issuer (other than Designated Preferred Stock) the terms of which do not
expressly provide that such class or series will rank senior or junior to Designated Preferred Stock as to dividend rights and/or as to rights on
liquidation, dissolution or winding up of the Issuer (in each case without regard to whether dividends accrue cumulatively or non-
cumulatively). Without limiting the foregoing, Parity Stock shall include the Issuer’s Fixed Rate Cumulative Perpetual Preferred Stock, no par
value, Series B.
(g) “Signing Date” means .
Part. 4. Certain Voting Matters. Holders of shares of Designated Preferred Stock will be entitled to one vote for each such share on any
matter on which holders of Designated Preferred Stock are entitled to vote, including any action by written consent.
IN WITNESS WHEREOF, Reliance Bancshares, Inc. has caused this Certificate of Designations to be signed by Jerry S. Von Rohr, its
President, and Fortis M. Lawder, its Secretary, has affixed its corporate seal hereto and attested said seal on this ___day of January, 2009.
(SEAL)
ATTEST: RELIANCE BANCSHARES, INC.
By:
Name: Fortis M. Lawder Name: Jerry S. Von Rohr
Title: Secretary Title: President
2
STATE OF )
MISSOURI
) SS
COUNTY OF ST. )
LOUIS
I, Mary Jo E. Vargo, a Notary Public, do hereby certify that on this ___day of January, 2009, personally appeared before me Jerry S. Von
Rohr who, being by me first duly sworn, declared that he is the President of Reliance Bancshares, Inc., that he signed the foregoing document
as President of the Issuer, and that the statements therein contained are true.
Notary Public
My Commission Expires:
Exhibit 4.2
ANNEX B
STATE OF MISSOURI...OFFICE OF SECRETARY OF STATE
ROBIN CARNAHAN, Secretary of State
CERTIFICATE OF DESIGNATIONS OF PREFERENCES,

RIGHTS AND LIMITATIONS
OF
FIXED RATE CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES B
OF

(No. 00458535)
Reliance Bancshares, Inc. a corporation organized and existing under The General and Business Corporation Law of the State of Missouri
(the “Issuer”), in accordance with the provisions of Section 351.180 of the Revised Statutes of Missouri, does hereby certify:
The board of directors of the Issuer (the “Board of Directors”), in accordance with the restated articles of incorporation and bylaws of the
Issuer and applicable law, adopted the following resolution at a regular meeting held on Tuesday, January 20, 2009, creating a series of 2,000
shares of Preferred Stock of the Issuer designated as “Fixed Rate Cumulative Perpetual Preferred Stock, no par value, Series B”.
RESOLVED, that pursuant to the provisions of the restated articles of incorporation and the bylaws of the Issuer and applicable law, a
series of Preferred Stock, no par value, of the Issuer be and hereby is created, and that the designation and number of shares of such series,
and the voting and other powers, preferences and relative, participating, optional or other rights, and the qualifications, limitations and
restrictions thereof, of the shares of such series, are as follows:
Part 1. Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the
Issuer a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, no par value, Series B” (the “Designated
Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be 2,000.
Part 2. Standard Provisions. The Standard Provisions contained in Schedule A attached hereto are incorporated herein by reference in their
entirety and shall be deemed to be a part of this Certificate of Designation to the same extent as if such provisions had been set forth in full
herein.
1
Part. 3. Definitions. The following terms are used in this Certificate of Designation (including the Standard Provisions in Schedule A hereto)
as defined below:
(a) “Common Stock” means the Class A Common Stock, par value $0.25 per share, of the Issuer.
(b) “Dividend Payment Date” means February 15, May 15, August 15 and November 15 of each year.
(c) “Junior Stock” means the Common Stock and any other class or series of stock of the Issuer the terms of which expressly provide that it
ranks junior to Designated Preferred Stock as to dividend rights and/or as to rights on liquidation, dissolution or winding up of the Issuer.
(d) “Liquidation Amount” means $1,000 per share of Designated Preferred Stock.
(e) “Minimum Amount” means $ 500,000.
(f) “Parity Stock” means any class or series of stock of the Issuer (other than Designated Preferred Stock) the terms of which do not
expressly provide that such class or series will rank senior or junior to Designated Preferred Stock as to dividend rights and/or as to rights on
liquidation, dissolution or winding up of the Issuer (in each case without regard to whether dividends accrue cumulatively or non-
cumulatively). Without limiting the foregoing, Parity Stock shall include the Issuer’s Fixed Rate Cumulative Perpetual Preferred Stock, no par
value, Series A.
(g) “Signing Date” means .
(h) “UST Preferred Stock” means the Issuer’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A.
Part. 4. Certain Voting Matters. Holders of shares of Designated Preferred Stock will be entitled to one vote for each such share on any
matter on which holders of Designated Preferred Stock are entitled to vote, including any action by written consent.
IN WITNESS WHEREOF, Reliance Bancshares, Inc. has caused this Certificate of Designations to be signed by Jerry S. Von Rohr, its
President, and Fortis M. Lawder, its Secretary, has affixed its corporate seal hereto and attested said seal on this ___day of January, 2009.
(SEAL)
ATTEST: RELIANCE BANCSHARES, INC.
By:
Name: Fortis M. Lawder Name: Jerry S. Von Rohr
Title: Secretary Title: President
2
STATE OF )
MISSOURI
) SS
COUNTY OF ST. )
LOUIS
I, Mary Jo E. Vargo, a Notary Public, do hereby certify that on this ___day of January, 2009, personally appeared before me Jerry S. Von
Rohr who, being by me first duly sworn, declared that he is the President of Reliance Bancshares, Inc., that he signed the foregoing document
as President of the Corporation, and that the statements therein contained are true.
Notary Public
My Commission Expires:
Exhibit 4.3
()
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u n i s s u e d s h a r e s o f p r e f e r r e d s t o c k o f t h e I s s u e r a s e r i e s o f p r e f e r r e d s t o c k d e s i g n a t e d a s t h e “ F i x e d Ra t e Cu m u l a t i v e P e r p e t u a l P r e f e r r e d S t o c k , n o p a r v a l u e , S e r i e s B” ( t h e “ De s i g n a t e d P r e f e r r e d S t o c k ” ) . T h e a u t h o r i z e d n u m b e r o f s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k s h a l l b e 2 , 0 0 0 . 0 2 . P a r t 2 . S t a n d a r d P r o v i s i o n s . T h e S t a n d a r d P r o v i s i o n s c o n t a i n e d i n S c h e d u l e A a t t a c h e d h e r e t o a r e i n c o r p o r a t e d h e r e i n b y r e f e r e n c e i n t h e i r e n t i r e t y a n d s h a l l b e d e e m e d t o b e a p a r t o f t h i s Ce r t i f i c a t e o f De s i g n a t i o n t o t h e s a m e e x t e n t a s i f s u c h p r o v i s i o n s h a d b e e n s e t f o r t h i n f u l l h e r e i n .
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P a r t . 3 . De f i n i t i o n s . T h e f o l l o wi n g t e r m s a r e u s e d i n t h i s Ce r t i f i c a t e o f De s i g n a t i o n ( i n c l u d i n g t h e S t a n d a r d P r o v i s i o n s i n S c h e d u l e A h e r e t o ) a s d e f i n e d b e l o w: ( a ) “ Co m m o n S t o c k ” m e a n s t h e Cl a s s A Co m m o n S t o c k , p a r v a l u e $ 0 . 2 5 p e r s h a r e , o f t h e I s s u e r . “ Di v i d e n d P a y m e n t Da t e ” m e a n s F e b r u a r y 1 5 , M a y 1 5 , Au g u s t 1 5 a n d No v e m b e r 1 5 o f e a c h y e a r . “ J u n i o r S t o c k ” m e a n s t h e Co m m o n S t o c k a n d a n y o t h e r c l a s s o r s e r i e s o f s t o c k o f t h e I s s u e r t h e t e r m s o f wh i c h e x p r e s s l y p r o v i d e t h a t i t r a n k s j u n i o r t o De s i g n a t e d P r e f e r r e d S t o c k a s t o d i v i d e n d r i g h t s a n d / o r a s t o r i g h t s o n l i q u i d a t i o n , d i s s o l u t i o n o r wi n d i n g u p o f t h e I s s u e r . “ L i q u i d a t i o n Am o u n t ” m e a n s $ 1, 000
p e r s h a r e o f De s i g n a t e d P r e f e r r e d S t o c k . “ M i n i m u m Am o u n t ” m e a n s $ 5 0 0 , 0 0 0 . ( f ) “ P a r i t y S t o c k ” m e a n s a n y c l a s s o r s e r i e s o f s t o c k o f t h e I s s u e r ( o t h e r t h a n De s i g n a t e d P r e f e r r e d S t o c k ) t h e t e r m s o f wh i c h d o n o t e x p r e s s l y p r o v i d e t h a t s u c h c l a s s o r s e r i e s wi l l r a n k s e n i o r o r j u n i o r t o De s i g n a t e d P r e f e r r e d S t o c k a s t o d i v i d e n d r i g h t s a n d / o r a s t o r i g h t s o n l i q u i d a t i o n , d i s s o l u t i o n o r wi n d i n g u p o f t h e I s s u e r ( i n e a c h c a s e wi t h o u t r e g a r d t o wh e t h e r d i v i d e n d s a c c r u e c u m u l a t i v e l y o r n o n - c u m u l a t i v e l y ) . W i t h o u t l i m i t i n g t h e f o r e g o i n g , P a r i t y S t o c k s h a l l i n c l u d e t h e US T P r e f e r r e d S t o c k . ( g ) ¦ “ S i g n i n g Da t e ” m e a n s t h e Or i g i n a l I s s u e Da t e . ( h ) “ US T P r e f e r r e d St oc k”
m e a n s t h e I s s u e r ’ s F i x e d Ra t e Cu m u l a t i v e P e r p e t u a l P r e f e r r e d S t o c k , n o p a r v a l u e , S e r i e s A. P a r t . 4 . Ce r t a i n Vo t i n g M a t t e r s . Ho l d e r s o f s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k wi l l b e e n t i t l e d t o o n e v o t e f o r e a c h s u c h s h a r e o n a n y m a t t e r o n wh i c h h o l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k a r e e n t i t l e d t o v o t e , i n c l u d i n g a n y a c t i o n b y wr i t t e n c o n s e n t . I N W I T NE S S W HE RE OF , Re l i a n c e Ba n c s h a r e s , I n c . h a s c a u s e d t h i s Co r r e c t e d Ce r t i f i c a t e o f De s i g n a t i o n s t o b e s i g n e d b y J e r r y S . Vo n Ro h r , i t s P r e s i d e n t , a n d F o r t i s M . L a wd e r , i t s S e c r e t a r y , h a s a f f i x e d i t s c o r p o r a t e s e a l h e r e t o a n d a t t e s t e d s a i d s e a l o n t h i s 1 1 t h d a y o f F e b r u a r y ,
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S T AT E OF M I S S OURI ) ) S S COUNT Y OF S T . L OUI S ) I , M ar y Jo E. Va r g o , a No t a r y Publ i c , do her eby cer t i f y t hat on t hi s 11t h day of Fe br ua r y, 2009, per s onal l y appear ed bef or e m e Jer r y S. Vo n Ro h r wh o , bei ng by m e f i r st dul y s wo r n , decl ar ed t hat he i s t he Pr e s i de nt of Re l i a n c e Ba n c s h a r e s , I nc. , t hat he s i gned t he f or egoi ng docum ent as Pr e s i de nt of t he Co r p o r a t i o n , and t hat t he s t at em ent s t her ei n cont ai ned ar e t r ue.
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S c h e d u l e A S T ANDARD P ROVI S I ONS S e c t i o n 1 . Ge n e r a l M a t t e r s . E a c h s h a r e o f De s i g n a t e d P r e f e r r e d S t o c k s h a l l b e i d e n t i c a l i n a l l r e s p e c t s t o e v e r y o t h e r s h a r e o f De s i g n a t e d P r e f e r r e d S t o c k . T h e De s i g n a t e d P r e f e r r e d S t o c k s h a l l b e p e r p e t u a l , s u b j e c t t o t h e p r o v i s i o n s o f S e c t i o n 5 o f t h e s e S t a n d a r d P r o v i s i o n s t h a t f o r m a p a r t o f t h e Ce r t i f i c a t e o f De s i g n a t i o n s . T h e De s i g n a t e d P r e f e r r e d S t o c k s h a l l r a n k e q u a l l y wi t h P a r i t y S t o c k a n d s h a l l r a n k s e n i o r t o J u n i o r S t o c k wi t h r e s p e c t t o t h e p a y m e n t o f d i v i d e n d s a n d t h e d i s t r i b u t i o n o f a s s e t s i n t h e e v e n t o f a n y d i s s o l u t i o n , l i q u i d a t i o n o r wi n d i n g u p o f t h e I s s u e r . S e c t i o n 2 . S t a n d a r d De f i n i t i o n s . As u s e d h e r e i n wi t h r e s p e c t
t o De s i g n a t e d P r e f e r r e d S t o c k ; “ Ap p r o p r i a t e F e d e r a l Ba n k i n g Ag e n c y ” m e a n s t h e “ a p p r o p r i a t e F e d e r a l b a n k i n g a g e n c y ” wi t h r e s p e c t t o t h e I s s u e r a s d e f i n e d i n S e c t i o n 3 ( q ) o f t h e F e d e r a l De p o s i t I n s u r a n c e Ac t ( 1 2 U. S . C. S e c t i o n 1 8 1 3 ( q ) ) , o r a n y s u c c e s s o r p r o v i s i o n . . “ Bu s i n e s s Co m b i n a t i o n ” m e a n s a m e r g e r , c o n s o l i d a t i o n , s t a t u t o r y s h a r e e x c h a n g e o r s i m i l a r t r a n s a c t i o n t h a t r e q u i r e s t h e a p p r o v a l o f t h e I s s u e r ’ s s t o c k h o l d e r s . “ Bu s i n e s s Da y ” m e a n s a n y d a y e x c e p t S a t u r d a y , S u n d a y a n d a n y d a y o n wh i c h b a n k i n g i n s t i t u t i o n s i n t h e S t a t e o f Ne w Yo r k g e n e r a l l y a r e a u t h o r i z e d o r r e q u i r e d b y l a w o r o t h e r g o v e r n m e n t a l a c t i o n s t o c l o s e . ( d ) “ By l a ws ” m e a n s t h e b y l a ws o f t h e
I s s u e r , a s t h e y m a y b e a m e n d e d f r o m t i m e t o t i m e . “ Ce r t i f i c a t e o f De s i g n a t i o n s ” m e a n s t h e Ce r t i f i c a t e o f De s i g n a t i o n s o r c o m p a r a b l e i n s t r u m e n t r e l a t i n g t o t h e De s i g n a t e d P r e f e r r e d S t o c k , o f wh i c h t h e s e S t a n d a r d P r o v i s i o n s f o r m a p a r t , a s i t m a y b e a m e n d e d f r o m t i m e t o t i m e . “ Ch a r t e r ” m e a n s t h e I s s u e r ’ s c e r t i f i c a t e o r a r t i c l e s o f i n c o r p o r a t i o n , a r t i c l e s o f a s s o c i a t i o n , o r s i m i l a r o r g a n i z a t i o n a l d o c u m e n t . ( g ) “ Di v i d e n d P e r i o d ” h a s t h e m e a n i n g s e t f o r t h i n S e c t i o n 3 ( a ) . ( h ) “ Di v i d e n d Re c o r d Da t e ” h a s t h e m e a n i n g s e t f o r t h i n S e c t i o n 3 ( a ) . ( i ) “ L i q u i d a t i o n P r e f e r e n c e ” h a s t h e m e a n i n g s e t f o r t h i n S e c t i o n 4 ( a ) . G) “ Or i g i n a l I s s u e Da t e ” m e a n s t h e d a t e
o n wh i c h s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k a r e f i r s t i s s u e d . ( k ) “ P r e f e r r e d Di r e c t o r ” h a s t h e m e a n i n g s e t f o r t h i n S e c t i o n 7 ( b ) .
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( 1 ) “ P r e f e r r e d S t o c k ” m e a n s a n y a n d a l l s e r i e s o f p r e f e r r e d s t o c k o f t h e I s s u e r , i n c l u d i n g t h e De s i g n a t e d P r e f e r r e d S t o c k . ( m ) “ Qu a l i f i e d E q u i t y Of f e r i n g ” m e a n s t h e s a l e a n d i s s u a n c e f o r c a s h b y t h e I s s u e r t o p e r s o n s o t h e r t h a n t h e I s s u e r o r a n y o f i t s s u b s i d i a r i e s a f t e r t h e Or i g i n a l I s s u e Da t e o f s h a r e s o f p e r p e t u a l P r e f e r r e d S t o c k , Co m m o n S t o c k o r a n y c o m b i n a t i o n o f s u c h s t o c k , t h a t , i n e a c h c a s e , q u a l i f y a s a n d m a y b e i n c l u d e d i n T i e r 1 c a p i t a l o f t h e I s s u e r a t t h e t i m e o f i s s u a n c e u n d e r t h e a p p l i c a b l e r i s k - b a s e d c a p i t a l g u i d e l i n e s o f t h e I s s u e r ’ s Ap p r o p r i a t e F e d e r a l Ba n k i n g Ag e n c y ( o t h e r t h a n a n y s u c h s a l e s a n d i s s u a n c e s m a d e p u r s u a n t t o a g r e e m e n t s o r
a r r a n g e m e n t s e n t e r e d i n t o , o r p u r s u a n t t o f i n a n c i n g p l a n s wh i c h we r e p u b l i c l y a n n o u n c e d , o n o r p r i o r t o No v e m b e r 1 7 , 2 0 0 8 ) . ( n ) “ S t a n d a r d P r o v i s i o n s ” m e a n t h e s e S t a n d a r d P r o v i s i o n s t h a t f o r m a p a r t o f t h e Ce r t i f i c a t e o f De s i g n a t i o n s r e l a t i n g t o t h e De s i g n a t e d P r e f e r r e d S t o c k . ( o ) “ S u c c e s s o r P r e f e r r e d S t o c k ” h a s t h e m e a n i n g s e t f o r t h i n S e c t i o n 5 ( a ) . ( p ) “ Vo t i n g P a r i t y S t o c k ” m e a n s , wi t h r e g a r d t o a n y . m a t t e r a s t o wh i c h t h e h o l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k a r e e n t i t l e d t o v o t e a s s p e c i f i e d i n S e c t i o n s 7 ( a ) a n d 7 ( b ) o f t h e s e S t a n d a r d P r o v i s i o n s t h a t f o r m a p a r t o f t h e Ce r t i f i c a t e o f De s i g n a t i o n s , a n y a n d a l l s e r i e s o f P a r i t y S t o c k u p o n wh i c h l i k e v o t i n g
r i g h t s h a v e b e e n c o n f e r r e d a n d a r e e x e r c i s a b l e wi t h r e s p e c t t o s u c h m a t t e r . S e c t i o n 3 . Di v i d e n d s . ( a ) Ra t e . Ho l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k s h a l l b e e n t i t l e d t o r e c e i v e , o n e a c h s h a r e o f De s i g n a t e d P r e f e r r e d S t o c k i f , a s a n d wh e n d e c l a r e d b y t h e Bo a r d o f Di r e c t o r s o r a n y d u l y a u t h o r i z e d c o m m i t t e e o f t h e Bo a r d o f Di r e c t o r s , b u t o n l y o u t o f a s s e t s l e g a l l y a v a i l a b l e t h e r e f o r , c u m u l a t i v e c a s h d i v i d e n d s wi t h r e s p e c t t o e a c h Di v i d e n d P e r i o d ( a s d e f i n e d b e l o w) a t a p e r a n n u m r a t e o f 9 . 0 % o n ( i ) t h e L i q u i d a t i o n Am o u n t p e r s h a r e o f De s i g n a t e d P r e f e r r e d S t o c k a n d ( i i ) t h e a m o u n t o f a c c r u e d a n d u n p a i d d i v i d e n d s f o r a n y p r i o r Di v i d e n d P e r i o d o n s u c h s h a r e o f
De s i g n a t e d P r e f e r r e d S t o c k , i f a n y . S u c h d i v i d e n d s s h a l l b e g i n t o a c c r u e a n d b e c u m u l a t i v e f r o m t h e Or i g i n a l I s s u e Da t e , s h a l l c o m p o u n d o n e a c h s u b s e q u e n t Di v i d e n d P a y m e n t Da t e ( i . e . , n o d i v i d e n d s s h a l l a c c r u e o n o t h e r d i v i d e n d s u n l e s s a n d u n t i l t h e f i r s t Di v i d e n d P a y m e n t Da t e f o r s u c h o t h e r d i v i d e n d s h a s p a s s e d wi t h o u t s u c h o t h e r d i v i d e n d s h a v i n g b e e n p a i d o n s u c h d a t e ) a n d s h a l l b e p a y a b l e q u a r t e r l y i n a r r e a r s o n e a c h Di v i d e n d P a y m e n t Da t e , c o m m e n c i n g wi t h t h e f i r s t s u c h Di v i d e n d P a y m e n t Da t e t o o c c u r a t l e a s t 2 0 c a l e n d a r d a y s a f t e r t h e Or i g i n a l I s s u e Da t e . I n t h e e v e n t t h a t a n y Di v i d e n d P a y m e n t Da t e wo u l d o t h e r wi s e f a l l o n a d a y t h a t i s n o t a Bu s i n e s s
Da y , t h e d i v i d e n d p a y m e n t d u e o n t h a t d a t e wi l l b e p o s t p o n e d t o t h e n e x t d a y t h a t i s a Bu s i n e s s Da y a n d n o a d d i t i o n a l d i v i d e n d s wi l l a c c r u e a s a r e s u l t o f t h a t p o s t p o n e m e n t . T h e p e r i o d f r o m a n d i n c l u d i n g a n y Di v i d e n d P a y m e n t Da t e t o , b u t e x c l u d i n g , t h e n e x t Di v i d e n d P a y m e n t Da t e i s a “ Di v i d e n d P e r i o d ” , p r o v i d e d t h a t t h e i n i t i a l Di v i d e n d P e r i o d s h a l l b e t h e p e r i o d f r o m a n d i n c l u d i n g t h e Or i g i n a l I s s u e Da t e t o , b u t e x c l u d i n g , t h e n e x t Di v i d e n d P a y m e n t Da t e . Di v i d e n d s t h a t a r e p a y a b l e o n De s i g n a t e d P r e f e r r e d S t o c k i n r e s p e c t o f a n y Di v i d e n d P e r i o d s h a l l b e c o m p u t e d o n t h e b a s i s o f a 3 6 0 - d a y y e a r c o n s i s t i n g o f t we l v e 3 0 - d a y m o n t h s . T h e a m o u n t o f d i v i d e n d s
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Di v i d e n d P e r i o d , a n d f o r t h e i n i t i a l Di v i d e n d P e r i o d , s h a l l b e c o m p u t e d o n t h e b a s i s o f a 3 6 0 - d a y y e a r c o n s i s t i n g o f t we l v e 3 0 - d a y m o n t h s , a n d a c t u a l d a y s e l a p s e d o v e r a 3 0 - d a y m o n t h . Di v i d e n d s t h a t a r e p a y a b l e o n De s i g n a t e d P r e f e r r e d S t o c k o n a n y Di v i d e n d P a y m e n t Da t e wi l l b e p a y a b l e t o h o l d e r s o f r e c o r d o f De s i g n a t e d P r e f e r r e d S t o c k a s t h e y a p p e a r ó n - t h e s t o c k r e g i s t e r o f t h e I s s u e r o n t h e a p p l i c a b l e r e c o r d d a t e , wh i c h s h a l l b e t h e 1 5 t h c a l e n d a r d a y i m m e d i a t e l y p r e c e d i n g s u c h Di v i d e n d P a y m e n t Da t e o r s u c h o t h e r r e c o r d d a t e f i x e d b y t h e Bo a r d o f Di r e c t o r s o r a n y d u l y a u t h o r i z e d c o m m i t t e e o f t h e Bo a r d o f Di r e c t o r s t h a t i s n o t m o r e t h a n 6 0 n o r l e s s t h a n
1 0 d a y s p r i o r t o s u c h Di v i d e n d P a y m e n t Da t e ( e a c h , a “ Di v i d e n d Re c o r d Da t e ” ) . An y s u c h d a y t h a t i s a Di v i d e n d Re c o r d Da t e s h a l l b e a Di v i d e n d Re c o r d Da t e wh e t h e r o r n o t s u c h d a y i s a Bu s i n e s s Da y . Ho l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k s h a l l n o t b e e n t i t l e d t o a n y d i v i d e n d s , wh e t h e r p a y a b l e i n c a s h , s e c u r i t i e s o r o t h e r p r o p e r t y , o t h e r t h a n d i v i d e n d s ( i f a n y ) d e c l a r e d a n d p a y a b l e o n De s i g n a t e d P r e f e r r e d S t o c k a s s p e c i f i e d i n t h i s S e c t i o n 3 ( s u b j e c t t o t h e o t h e r p r o v i s i o n s o f t h e Ce r t i f i c a t e o f De s i g n a t i o n s ) . ( b ) P r i o r i t y ó f Di v i d e n d s . S o l o n g a s a n y s h a r e o f De s i g n a t e d P r e f e r r e d S t o c k r e m a i n s o u t s t a n d i n g , n o d i v i d e n d o r d i s t r i b u t i o n s h a l l b e d e c l a r e d o r p a i d o n t h e
Co m m o n S t o c k o r a n y o t h e r s h a r e s o f J u n i o r S t o c k ( o t h e r t h a n d i v i d e n d s p a y a b l e s o l e l y i n s h a r e s o f Co m m o n S t o c k ) o r P a r i t y S t o c k , s u b j e c t t o t h e i m m e d i a t e l y f o l l o wi n g p a r a g r a p h i n t h e c a s e o f P a r i t y S t o c k , a n d n o Co m m o n S t o c k , J u n i o r S t o c k o r P a r i t y S t o c k s h a l l b e , d i r e c t l y o r i n d i r e c t l y , p u r c h a s e d , r e d e e m e d o r o t h e r wi s e a c q u i r e d f o r c o n s i d e r a t i o n b y t h e I s s u e r o r a n y o f i t s s u b s i d i a r i e s u n l e s s a l l a c c r u e d a n d u n p a i d d i v i d e n d s f o r a l l p a s t Di v i d e n d P e r i o d s , i n c l u d i n g t h e l a t e s t c o m p l e t e d Di v i d e n d P e r i o d ( i n c l u d i n g , i f a p p l i c a b l e a s p r o v i d e d i n S e c t i o n 3 ( a ) a b o v e , d i v i d e n d s o n s u c h a m o u n t ) , o n a l l o u t s t a n d i n g s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k h a v e b e e n o r
a r e c o n t e m p o r a n e o u s l y d e c l a r e d a n d p a i d i n f u l l ( o r h a v e b e e n d e c l a r e d a n d a s u m s u f f i c i e n t f o r t h e p a y m e n t t h e r e o f h a s b e e n s e t a s i d e f o r t h e b e n e f i t o f t h e h o l d e r s o f s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k o n t h e a p p l i c a b l e r e c o r d d a t e ) . T h e f o r e g o i n g l i m i t a t i o n s h a l l n o t a p p l y t o ( i ) r e d e m p t i o n s , p u r c h a s e s o r . o t h e r a c q u i s i t i o n s o f s h a r e s o f Co m m o n S t o c k o r o t h e r J u n i o r S t o c k i n c o n n e c t i o n wi t h t h e a d m i n i s t r a t i o n . o f a n y e m p l o y e e b e n e f i t p l a n i n t h e o r d i n a r y c o u r s e o f b u s i n e s s a n d c o n s i s t e n t wi t h p a s t p r a c t i c e ; ( i i ) t h e a c q u i s i t i o n b y t h e I s s u e r o r a n y o f i t s s u b s i d i a r i e s o f r e c o r d o wn e r s h i p i n J u n i o r S t o c k o r P a r i t y S t o c k f o r t h e b e n e f i c i a l o wn e r s h i p o f a n y
o t h e r p e r s o n s ( o t h e r t h a n t h e I s s u e r o r a n y o f i t s s u b s i d i a r i e s ) , i n c l u d i n g a s t r u s t e e s o r c u s t o d i a n s ; a n d ( i i i ) t h e e x c h a n g e o r c o n v e r s i o n o f J u n i o r S t o c k f o r o r i n t o o t h e r J u n i o r S t o c k o r o f P a r i t y S t o c k f o r o r i n t o o t h e r P a r i t y S t o c k ( wi t h t h e s a m e o r l e s s e r a g g r e g a t e l i q u i d a t i o n a m o u n t ) o r J u n i o r S t o c k , i n e a c h c a s e , s o l e l y t o t h e e x t e n t r e q u i r e d p u r s u a n t t o b i n d i n g c o n t r a c t u a l a g r e e m e n t s e n t e r e d i n t o p r i o r t o t h e S i g n i n g Da t e o r a n y s u b s e q u e n t a g r e e m e n t f o r t h e a c c e l e r a t e d e x e r c i s e , s e t t l e m e n t o r e x c h a n g e t h e r e o f f o r Co m m o n S t o c k . W h e n d i v i d e n d s a r e n o t p a i d ( o r d e c l a r e d a n d a s u m s u f f i c i e n t f o r p a y m e n t t h e r e o f s e t a s i d e f o r t h e b e n e f i t o f t h e h o l d e r s
t h e r e o f o n t h e a p p l i c a b l e r e c o r d d a t e ) o n a n y Di v i d e n d P a y m e n t Da t e ( o r , i n t h e c a s e o f P a r i t y S t o c k h a v i n g d i v i d e n d p a y m e n t d a t e s d i f f e r e n t f r o m t h e Di v i d e n d P a y m e n t Da t e s , o n a d i v i d e n d p a y m e n t d a t e f a l l i n g wi t h i n a Di v i d e n d P e r i o d r e l a t e d t o s u c h Di v i d e n d P a y m e n t Da t e ) i n f u l l u p o n De s i g n a t e d P r e f e r r e d S t o c k a n d a n y s h a r e s o f P a r i t y S t o c k , a l l d i v i d e n d s d e c l a r e d o n De s i g n a t e d P r e f e r r e d S t o c k a n d a l l s u c h P a r i t y S t o c k a n d p a y a b l e o n s u c h Di v i d e n d P a y m e n t Da t e ( o r , i n t h e c a s e o f P a r i t y S t o c k h a v i n g d i v i d e n d
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p a y m e n t d a t e s d i f f e r e n t f r o m t h e Di v i d e n d P a y m e n t Da t e s , o n a d i v i d e n d p a y m e n t d a t e f a l l i n g wi t h i n t h e Di v i d e n d P e r i o d r e l a t e d t o s u c h Di v i d e n d P a y m e n t Da t e ) s h a l l b e d e c l a r e d p r o r a t a s o t h a t t h e r e s p e c t i v e a m o u n t s o f s u c h d i v i d e n d s d e c l a r e d s h a l l b e a r t h e s a m e r a t i o t o e a c h o t h e r a s a l l a c c r u e d a n d u n p a i d d i v i d e n d s p e r s h a r e o n t h e s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k ( i n c l u d i n g , i f a p p l i c a b l e a s p r o v i d e d i n S e c t i o n 3 ( a ) a b o v e , d i v i d e n d s o n s u c h a m o u n t ) a n d a l l P a r i t y S t o c k p a y a b l e o n s u c h Di v i d e n d P a y m e n t Da t e ( o r , i n t h e c a s e o f P a r i t y S t o c k h a v i n g d i v i d e n d p a y m e n t d a t e s d i f f e r e n t f r o m t h e Di v i d e n d P a y m e n t Da t e s , o n a d i v i d e n d p a y m e n t d a t e f a l l i n g
wi t h i n t h e Di v i d e n d P e r i o d r e l a t e d t o s u c h Di v i d e n d P a y m e n t Da t e ) ( s u b j e c t t o t h e i r h a v i n g b e e n ’ d e c l a r e d b y t h e Bo a r d o f Di r e c t o r s o r a d u l y a u t h o r i z e d c o m m i t t e e o f t h e Bo a r d o f Di r e c t o r s o u t o f l e g a l l y a v a i l a b l e f u n d s a n d i n c l u d i n g , i n t h e c a s e o f P a r i t y S t o c k t h a t b e a r s c u m u l a t i v e d i v i d e n d s , a l l a c c r u e d b u t u n p a i d d i v i d e n d s ) b e a r t o e a c h o t h e r . I f t h e Bo a r d o f Di r e c t o r s o r a d u l y a u t h o r i z e d c o m m i t t e e o f t h e Bo a r d o f Di r e c t o r s d e t e r m i n e s n o t t o p a y a n y d i v i d e n d o r a f u l l d i v i d e n d o n a Di v i d e n d P a y m e n t Da t e , t h e I s s u e r wi l l p r o v i d e wr i t t e n n o t i c e t o t h e h o l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k p r i o r t o s u c h Di v i d e n d P a y m e n t Da t e . S u b j e c t t o t h e f o r e g o i n g , a n d
n o t o t h e r wi s e , s u c h d i v i d e n d s ( p a y a b l e i n c a s h , s e c u r i t i e s o r o t h e r p r o p e r t y ) a s m a y b e d e t e r m i n e d b y t h e Bo a r d o f Di r e c t o r s o r a n y d u l y a u t h o r i z e d c o m m i t t e e o f t h e Bo a r d o f Di r e c t o r s m a y b e d e c l a r e d a n d p a i d o n a n y s e c u r i t i e s , i n c l u d i n g Co m m o n S t o c k a n d o t h e r J u n i o r S t o c k , f r o m t i m e t o t i m e o u t o f a n y f u n d s l e g a l l y a v a i l a b l e f o r s u c h p a y m e n t , a n d h o l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k s h a l l n o t b e e n t i t l e d t o p a r t i c i p a t e i n a n y s u c h d i v i d e n d s . S e c t i o n 4 . L i q u i d a t i o n Ri g h t s . Vo l u n t a r y o r I n v o l u n t a r y L i q u i d a t i o n , I n t h e e v e n t o f a n y l i q u i d a t i o n , d i s s o l u t i o n o r wi n d i n g u p o f t h e a f f a i r s o f t h e I s s u e r , wh e t h e r v o l u n t a r y o r i n v o l u n t a r y , h o l d e r s o f De s i g n a t e d
P r e f e r r e d S t o c k s h a l l b e e n t i t l e d t o r e c e i v e f o r e a c h s h a r e o f De s i g n a t e d P r e f e r r e d S t o c k , o u t o f t h e a s s e t s o f t h e I s s u e r o r p r o c e e d s t h e r e o f ( wh e t h e r c a p i t a l o r s u r p l u s ) a v a i l a b l e f o r d i s t r i b u t i o n t o s t o c k h o l d e r s o f t h e I s s u e r , s u b j e c t t o t h e r i g h t s o f a n y c r e d i t o r s o f t h e I s s u e r , b e f o r e a n y d i s t r i b u t i o n o f s u c h a s s e t s o r p r o c e e d s i s m a d e t o o r s e t a s i d e f o r t h e h o l d e r s o f Co m m o n S t o c k a n d a n y o t h e r s t o c k o f t h e I s s u e r r a n k i n g j u n i o r t o De s i g n a t e d P r e f e r r e d S t o c k a s t o s u c h d i s t r i b u t i o n , p a y m e n t i n f u l l i n a n a m o u n t e q u a l t o t h e s u m o f ( i ) t h e L i q u i d a t i o n Am o u n t p e r s h a r e a n d ( i i ) t h e a m o u n t o f a n y a c c r u e d a n d u n p a i d d i v i d e n d s ( i n c l u d i n g , i f a p p l i c a b l e a s
p r o v i d e d i n S e c t i o n 3 ( a ) a b o v e , d i v i d e n d s o n s u c h a m o u n t ) , wh e t h e r o r n o t d e c l a r e d , t o t h e d a t e o f p a y m e n t ( s u c h a m o u n t s c o l l e c t i v e l y , t h e “ L i q u i d a t i o n P r e f e r e n c e ” ) . P a r t i a l P a y m e n t . I f i n a n y d i s t r i b u t i o n d e s c r i b e d i n S e c t i o n 4 ( a ) a b o v e t h e a s s e t s o f t h e I s s u e r o r p r o c e e d s t h e r e o f a r e n o t s u f f i c i e n t t o p a y i n f u l l t h e a m o u n t s p a y a b l e wi t h r e s p e c t t o a l l o u t s t a n d i n g s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k a n d t h e c o r r e s p o n d i n g a m o u n t s p a y a b l e wi t h r e s p e c t o f a n y o t h e r s t o c k o f t h e I s s u e r r a n k i n g e q u a l l y wi t h De s i g n a t e d P r e f e r r e d S t o c k a s t o s u c h d i s t r i b u t i o n , h o l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k a n d t h e h o l d e r s o f s u c h o t h e r s t o c k s h a l l s h a r e r a t a b l y i n a n y s u c h
d i s t r i b u t i o n i n p r o p o r t i o n t o t h e f u l l r e s p e c t i v e d i s t r i b u t i o n s t o wh i c h t h e y a r e e n t i t l e d . Re s i d u a l Di s t r i b u t i o n s . I f t h e L i q u i d a t i o n P r e f e r e n c e h a s b e e n p a i d i n f u l l t o a l l h o l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k a n d t h e c o r r e s p o n d i n g a m o u n t s p a y a b l e wi t h r e s p e c t o f a n y o t h e r s t o c k o f t h e I s s u e r r a n k i n g e q u a l l y wi t h De s i g n a t e d P r e f e r r e d S t o c k a s t o s u c h
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d i s t r i b u t i o n h a s b e e n p a i d i n f u l l , t h e h o l d e r s o f o t h e r s t o c k o f t h e I s s u e r s h a l l b e e n t i t l e d t o r e c e i v e a l l r e m a i n i n g a s s e t s o f t h e I s s u e r ( o r p r o c e e d s t h e r e o f ) a c c o r d i n g t o t h e i r r e s p e c t i v e r i g h t s a n d p r e f e r e n c e s . ( d ) M e r g e r , Co n s o l i d a t i o n a n d S a l e o f As s e t s No t L i q u i d a t i o n . F o r p u r p o s e s o f t h i s S e c t i o n 4 , d i e m e r g e r o r c o n s o l i d a t i o n o f t h e I s s u e r wi t h a n y o t h e r c o r p o r a t i o n o r o t h e r e n t i t y , i n c l u d i n g a m e r g e r o r c o n s o l i d a t i o n i n wh i c h t h e h o l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k r e c e i v e c a s h , s e c u r i t i e s o r o t h e r p r o p e r t y f o r t h e i r s har es , or t he s al e, l eas e or exchange ( f or cas h, s ecur i t i es or ot her pr oper t y) of al l or s ubs t ant i al l y al l of t he as s et s of t he
I s s u e r , s h a l l n o t c o n s t i t u t e a l i q u i d a t i o n , d i s s o l u t i o n o r wi n d i n g u p o f t h e I s s u e r . S e c t i o n 5 . Re d e m p t i o n . ( a ) Op t i o n a l Re d e m p t i o n . E x c e p t a s p r o v i d e d b e l o w, t h e De s i g n a t e d P r e f e r r e d S t o c k m a y n o t b e r e d e e m e d p r i o r t o t h e l a t e r o f ( i ) f i r s t Di v i d e n d P a y m e n t Da t e f a l l i n g o n o r a f t e r t h e t h i r d a n n i v e r s a r y o f t h e Or i g i n a l I s s u e Da t e ; a n d ( i i ) t h e d a t e o n wh i c h a l l o u t s t a n d i n g s h a r e s o f US T P r e f e r r e d S t o c k h a v e b e e n r e d e e m e d , r e p u r c h a s e d o r o t h e r wi s e a c q u i r e d b y t h e I s s u e r . On o r a f t e r t h e f i r s t Di v i d e n d P a y m e n t Da t e f a l l i n g o n o r a f t e r t h e t h i r d a n n i v e r s a r y o f t h e Or i g i n a l I s s u e Da t e , t h e I s s u e r , a t i t s o p t i o n , s u b j e c t t o t h e a p p r o v a l o f t h e Ap p r o p r i a t e F e d e r a l
Ba n k i n g Ag e n c y , m a y r e d e e m , i n wh o l e o r i n p a r t , a t a n y t i m e a n d f r o m t i m e t o t i m e , o u t o f f u n d s l e g a l l y a v a i l a b l e t h e r e f o r e , t h e s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k a t t h e t i m e o u t s t a n d i n g , u p o n n o t i c e g i v e n a s p r o v i d e d i n S e c t i o n 5 ( c ) b e l o w, a t a r e d e m p t i o n p r i c e e q u a l t o t h e s u m o f ( i ) t h e L i q u i d a t i o n Am o u n t p e r s h a r e a n d ( i i ) e x c e p t a s o t h e r wi s e p r o v i d e d b e l o w, a n y a c c r u e d a n d u n p a i d d i v i d e n d s ( i n c l u d i n g , i f a p p l i c a b l e a s p r o v i d e d i n S e c t i o n 3 ( a ) a b o v e , d i v i d e n d s o n s u c h a m o u n t ) ( r e g a r d l e s s o f wh e t h e r a n y d i v i d e n d s a r e a c t u a l l y d e c l a r e d ) t o , b u t e x c l u d i n g , t h e d a t e f i x e d f o r r e d e m p t i o n . No t wi t h s t a n d i n g t h e f o r e g o i n g , p r i o r t o t h e f i r s t Di v i d e n d
P a y m e n t Da t e f a l l i n g o n o r a f t e r t h e t h i r d a n n i v e r s a r y o f t h e Or i g i n a l I s s u e Da t e , t h e I s s u e r , a t i t s o p t i o n , s u b j e c t t o t h e a p p r o v a l o f t h e Ap p r o p r i a t e F e d e r a l Ba n k i n g Ag e n c y a n d s u b j e c t t o t h e r e q u i r e m e n t t h a t a l l o u t s t a n d i n g s h a r e s o f US T P r e f e r r e d S t o c k s h a l l p r e v i o u s l y h a v e b e e n r e d e e m e d , r e p u r c h a s e d o r o t h e r wi s e a c q u i r e d b y t h e I s s u e r , m a y r e d e e m , i n wh o l e o r i n p a r t , a t a n y t i m e a n d f r o m t i m e t o t i m e , t h e s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k a t t h e t i m e o u t s t a n d i n g , u p o n n o t i c e g i v e n a s p r o v i d e d i n S e c t i o n 5 ( c ) b e l o w, a t a r e d e m p t i o n p r i c e e q u a l t o t h e s u m o f ( i ) t h e L i q u i d a t i o n Am o u n t p e r s h a r e a n d ( i i ) e x c e p t a s o t h e r wi s e p r o v i d e d b e l o w, a n y
a c c r u e d a n d u n p a i d d i v i d e n d s ( i n c l u d i n g , i f a p p l i c a b l e a s p r o v i d e d i n S e c t i o n 3 ( a ) a b o v e , d i v i d e n d s o n s u c h a m o u n t ) ( r e g a r d l e s s o f wh e t h e r a n y d i v i d e n d s a r e a c t u a l l y d e c l a r e d ) t o , b u t e x c l u d i n g , t h e d a t e f i x e d f o r r e d e m p t i o n ; p r o v i d e d t h a t ( x ) t h e I s s u e r ( o r a n y s u c c e s s o r b y Bu s i n e s s Co m b i n a t i o n ) h a s r e c e i v e d a g g r e g a t e g r o s s p r o c e e d s o f n o t l e s s t h a n t h e M i n i m u m Am o u n t ( p l u s t h e “ M i n i m u m Am o u n t ” a s d e f i n e d i n t h e r e l e v a n t c e r t i f i c a t e o f d e s i g n a t i o n s f o r e a c h o t h e r o u t s t a n d i n g s e r i e s o f p r e f e r r e d s t o c k o f s u c h s u c c e s s o r t h a t wa s o r i g i n a l l y i s s u e d t o t h e Un i t e d S t a t e s De p a r t m e n t o f t h e T r e a s u r y ( t h e “ S u c c e s s o r P r e f e r r e d S t o c k ” ) i n c o n n e c t i o n wi t h t h e
T r o u b l e d As s e t Re l i e f P r o g r a m Ca p i t a l P u r c h a s e P r o g r a m ) f r o m o n e o r m o r e Qu a l i f i e d E q u i t y Of f e r i n g s ( i n c l u d i n g Qu a l i f i e d E q u i t y Of f e r i n g s o f s u c h s u c c e s s o r ) , a n d ( y ) t h e a g g r e g a t e r e d e m p t i o n p r i c e o f t h e De s i g n a t e d P r e f e r r e d S t o c k ( a n d a n y S u c c e s s o r P r e f e r r e d S t o c k ) r e d e e m e d p u r s u a n t t o t h i s p a r a g r a p h m a y n o t e x c e e d t h e a g g r e g a t e n e t c a s h p r o c e e d s r e c e i v e d b y t h e I s s u e r ( o r a n y
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s u c c e s s o r b y Bu s i n e s s Co m b i n a t i o n ) f r o m s u c h Qu a l i f i e d E q u i t y Of f e r i n g s ( i n c l u d i n g Qu a l i f i e d E q u i t y Of f e r i n g s o f s u c h s u c c e s s o r ) . T h e r e d e m p t i o n p r i c e f o r a n y s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k s h a l l b e p a y a b l e o n t h e r e d e m p t i o n d a t e t o t h e h o l d e r o f s u c h s h a r e s a g a i n s t s u r r e n d e r o f t h e c e r t i f i c a t e ( s ) e v i d e n c i n g s u c h s h a r e s t o t h e I s s u e r o r i t s a g e n t . An y d e c l a r e d b u t u n p a i d d i v i d e n d s p a y a b l e o n a r e d e m p t i o n d a t e t h a t o c c u r s s u b s e q u e n t t o t h e Di v i d e n d Re c o r d Da t e f o r a Di v i d e n d P e r i o d s h a l l n o t b e p a i d t o t h e h o l d e r e n t i t l e d t o r e c e i v e t h e r e d e m p t i o n p r i c e o n t h e r e d e m p t i o n d a t e , b u t r a t h e r s h a l l b e p a i d t o t h e h o l d e r o f r e c o r d o f t h e r e d e e m e d s h a r e s o n s u c h
Di v i d e n d Re c o r d Da t e r e l a t i n g t o t h e Di v i d e n d P a y m e n t Da t e a s p r o v i d e d i n S e c t i o n 3 a b o v e . No S i n k i n g F u n d . T h e De s i g n a t e d P r e f e r r e d S t o c k wi l l n o t b e s u b j e c t t o a n y m a n d a t o r y r e d e m p t i o n , s i n k i n g f u n d o r o t h e r s i m i l a r p r o v i s i o n s . Ho l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k wi l l h a v e n o r i g h t t o r e q u i r e r e d e m p t i o n o r r e p u r c h a s e o f a n y s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k . No t i c e o f Re d e m p t i o n . No t i c e o f e v e r y r e d e m p t i o n o f s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k s h a l l b e g i v e n b y f i r s t c l a s s m a i l , p o s t a g e p r e p a i d , a d d r e s s e d t o t h e h o l d e r s o f r e c o r d o f t h e s h a r e s t o b e r e d e e m e d a t t h e i r r e s p e c t i v e l a s t a d d r e s s e s a p p e a r i n g o n t h e b o o k s o f t h e I s s u e r . S u c h m a i l i n g s h a l l
b e a t l e a s t 3 0 d a y s a n d n o t m o r e t h a n 6 0 d a y s b e f o r e t h e d a t e f i x e d f o r r e d e m p t i o n . An y n o t i c e m a i l e d a s p r o v i d e d i n t h i s S u b s e c t i o n s h a l l b e c o n c l u s i v e l y p r e s u m e d t o h a v e b e e n d u l y g i v e n , wh e t h e r o r n o t t h e h o l d e r r e c e i v e s s u c h n o t i c e , b u t f a i l u r e d u l y t o g i v e s u c h n o t i c e b y m a i l , o r a n y d e f e c t i n s u c h n o t i c e o r i n t h e m a i l i n g t h e r e o f , t o a n y h o l d e r o f s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k d e s i g n a t e d f o r r e d e m p t i o n s h a l l n o t a f f e c t t h e v a l i d i t y o f t h e p r o c e e d i n g s f o r t h e r e d e m p t i o n o f a n y o t h e r s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k . No t wi t h s t a n d i n g t h e f o r e g o i n g , i f s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k a r e i s s u e d i n b o o k - e n t r y f o r m t h r o u g h T h e De p o s i t o r y T r u s t
Co m p a n y o r a n y o t h e r s i m i l a r f a c i l i t y , n o t i c e o f r e d e m p t i o n m a y b e g i v e n t o t h e h o l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k a t s u c h t i m e a n d i n a n y m a n n e r p e r m i t t e d b y s u c h f a c i l i t y . E a c h n o t i c e o f r e d e m p t i o n g i v e n t o a h o l d e r s h a l l s t a t e : ( 1 ) t h e r e d e m p t i o n d a t e ; ( 2 ) t h e n u m b e r o f s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k t o b e r e d e e m e d a n d , i f l e s s t h a n a l l t h e s h a r e s h e l d b y s u c h h o l d e r a r e t o b e r e d e e m e d , t h e n u m b e r o f s u c h s h a r e s t o b e r e d e e m e d f r o m s u c h h o l d e r ; ( 3 ) t h e r e d e m p t i o n p r i c e ; a n d ( 4 ) t h e p l a c e o r p l a c e s wh e r e c e r t i f i c a t e s f o r s u c h s h a r e s a r e t o b e s u r r e n d e r e d f o r p a y m e n t o f t h e r e d e m p t i o n p r i c e . P a r t i a l Re d e m p t i o n . I n c a s e o f a n y r e d e m p t i o n
o f p a r t o f t h e s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k a t t h e t i m e o u t s t a n d i n g , t h e s h a r e s t o b e r e d e e m e d s h a l l b e s e l e c t e d e i t h e r p r o r a t a o r i n s u c h o t h e r m a n n e r a s t h e Bo a r d o f Di r e c t o r s o r a d u l y a u t h o r i z e d c o m m i t t e e t h e r e o f m a y d e t e r m i n e t o b e f a i r a n d e q u i t a b l e . S u b j e c t t o t h e p r o v i s i o n s h e r e o f , t h e Bo a r d o f Di r e c t o r s o r a d u l y a u t h o r i z e d c o m m i t t e e t h e r e o f s h a l l h a v e f u l l p o we r a n d a u t h o r i t y t o p r e s c r i b e t h e t e r m s a n d c o n d i t i o n s u p o n wh i c h s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k s h a l l b e r e d e e m e d f r o m t i m e t o t i m e . I f f e we r t h a n a l l t h e s h a r e s r e p r e s e n t e d b y a n y c e r t i f i c a t e a r e r e d e e m e d , a n e w c e r t i f i c a t e s h a l l b e i s s u e d r e p r e s e n t i n g t h e u n r e d e e m e d
s h a r e s wi t h o u t c h a r g e t o t h e h o l d e r t h e r e o f . E f f e c t i v e n e s s o f Re d e m p t i o n . I f n o t i c e o f r e d e m p t i o n h a s b e e n d u l y g i v e n a n d i f o n o r b e f o r e t h e r e d e m p t i o n d a t e s p e c i f i e d i n t h e n o t i c e a l l f u n d s n e c e s s a r y f o r t h e r e d e m p t i o n h a v e b e e n d e p o s i t e d b y t h e I s s u e r , i n t r u s t f o r t h e p r o r a t a b e n e f i t o f t h e h o l d e r s o f t h e s h a r e s c a l l e d f o r r e d e m p t i o n , wi t h a b a n k o r t r u s t c o m p a n y d o i n g b u s i n e s s i n t h e Bo r o u g h o f
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M a n h a t t a n , T h e Ci t y o f Ne w Yo r k , a n d h a v i n g a c a p i t a l a n d s u r p l u s o f a t l e a s t $ 5 0 0 m i l l i o n a n d s e l e c t e d b y t h e Bo a r d o f Di r e c t o r s , s o a s t o b e a n d c o n t i n u e t o b e a v a i l a b l e s o l e l y t h e r e f o r , t h e n , n o t wi t h s t a n d i n g t h a t a n y c e r t i f i c a t e f o r a n y s h a r e s o c a l l e d f o r r e d e m p t i o n h a s n o t b e e n s u r r e n d e r e d f o r c a n c e l l a t i o n , o n a n d a f t e r t h e r e d e m p t i o n d a t e d i v i d e n d s s h a l l c e a s e t o a c c r u e o n a l l s h a r e s s o c a l l e d f o r r e d e m p t i o n , a l l s h a r e s s o c a l l e d f o r r e d e m p t i o n s h a l l n o l o n g e r b e d e e m e d o u t s t a n d i n g a n d a l l r i g h t s wi t h r e s p e c t t o s u c h s h a r e s s h a l l f o r t h wi t h o n s u c h r e d e m p t i o n d a t e c e a s e a n d t e r m i n a t e , e x c e p t o n l y t h e r i g h t o f t h e h o l d e r s t h e r e o f t o r e c e i v e t h e a m o u n t
p a y a b l e o n s u c h r e d e m p t i o n f r o m s u c h b a n k o r t r u s t c o m p a n y , wi t h o u t i n t e r e s t . An y . f u n d s u n c l a i m e d a t t h e e n d o f t h r e e y e a r s f r o m t h e r e d e m p t i o n d a t e s h a l l , t o t h e e x t e n t p e r m i t t e d b y l a w, b e r e l e a s e d t o t h e I s s u e r , a f t e r wh i c h t i m e t h e h o l d e r s o f t h e s h a r e s s o c a l l e d f o r r e d e m p t i o n s h a l l l o o k o n l y t o t h e I s s u e r f o r p a y m e n t o f t h e r e d e m p t i o n p r i c e o f s u c h s h a r e s . ( f ) S t a t u s o f Re d e e m e d S h a r e s . S h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k t h a t a r e r e d e e m e d , r e p u r c h a s e d o r o t h e r wi s e a c q u i r e d b y t h e I s s u e r s h a l l r e v e r t t o a u t h o r i z e d b u t u n i s s u e d s h a r e s o f P r e f e r r e d S t o c k ( p r o v i d e d t h a t a n y s u c h c a n c e l l e d s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k m a y b e r e i s s u e d o n l y a s
s h a r e s o f a n y s e r i e s o f P r e f e r r e d S t o c k o t h e r t h a n De s i g n a t e d P r e f e r r e d S t o c k ) . S e c t i o n 6 . Co n v e r s i o n . Ho l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k s h a r e s s h a l l h a v e n o r i g h t t o e x c h a n g e o r c o n v e r t s u c h s h a r e s i n t o a n y o t h e r s e c u r i t i e s . S e c t i o n 7 . Vo t i n g Ri g h t s . Ge n e r a l . T h e h o l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k s h a l l n o t h a v e a n y v o t i n g r i g h t s e x c e p t a s s e t f o r t h b e l o w o r a s o t h e r wi s e f r o m t i m e t o t i m e r e q u i r e d b y l a w. P r e f e r r e d S t o c k Di r e c t o r s . W h e n e v e r , a t a n y t i m e o r t i m e s , d i v i d e n d s p a y a b l e o n t h e s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k h a v e n o t b e e n p a i d f o r a n a g g r e g a t e o f s i x q u a r t e r l y Di v i d e n d P e r i o d s o r m o r e , wh e t h e r o r n o t c o n s e c u t i v e , t h e a u t h o r i z e d n u m b e r
o f d i r e c t o r s o f t h e I s s u e r s h a l l a u t o m a t i c a l l y b e i n c r e a s e d b y t wo a n d t h e h o l d e r s o f t h e De s i g n a t e d P r e f e r r e d S t o c k s h a l l h a v e t h e r i g h t , wi t h h o l d e r s o f s h a r e s o f a n y o n e o r m o r e o t h e r c l a s s e s o r s e r i e s o f Vo t i n g P a r i t y S t o c k o u t s t a n d i n g a t t h e t i m e , v o t i n g t o g e t h e r a s a c l a s s , t o e l e c t t wo d i r e c t o r s ( h e r e i n a f t e r t h e P r e f e r r e d Di r e c t o r s ” a n d e a c h a “ P r e f e r r e d Di r e c t o r ” ) t o f i l l s u c h n e wl y c r e a t e d d i r e c t o r s h i p s a t t h e I s s u e r ’ s n e x t a n n u a l m e e t i n g o f s t o c k h o l d e r s ( o r a t a s p e c i a l m e e t i n g c a l l e d f o r t h a t p u r p o s e p r i o r t o s u c h n e x t a n n u a l m e e t i n g ) a n d a t e a c h s u b s e q u e n t a n n u a l m e e t i n g o f s t o c k h o l d e r s u n t i l a l l a c c r u e d a n d u n p a i d d i v i d e n d s f o r a l l p a s t Di v i d e n d
P e r i o d s , i n c l u d i n g t h e l a t e s t c o m p l e t e d Di v i d e n d P e r i o d ( i n c l u d i n g , i f a p p l i c a b l e a s p r o v i d e d i n S e c t i o n 3 ( a ) a b o v e , d i v i d e n d s o n s u c h a m o u n t ) , o n a l l o u t s t a n d i n g s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k h a v e b e e n d e c l a r e d a n d p a i d i n f u l l a t wh i c h t i m e s u c h r i g h t s h a l l t e r m i n a t e wi t h r e s p e c t t o t h e De s i g n a t e d P r e f e r r e d S t o c k , e x c e p t a s h e r e i n o r b y l a w e x p r e s s l y p r o v i d e d , s u b j e c t t o r e v e s t i n g i n t h e e v e n t o f e a c h a n d e v e r y s u b s e q u e n t d e f a u l t o f t h e c h a r a c t e r a b o v e m e n t i o n e d ; p r o v i d e d t h a t i t s h a l l b e a q u a l i f i c a t i o n f o r e l e c t i o n f o r a n y P r e f e r r e d Di r e c t o r t h a t t h e e l e c t i o n o f s u c h P r e f e r r e d Di r e c t o r s h a l l n o t c a u s e t h e I s s u e r t o v i o l a t e a n y c o r p o r a t e g o v e r n a n c e
r e q u i r e m e n t s o f a n y s e c u r i t i e s e x c h a n g e o r o t h e r t r a d i n g f a c i l i t y o n wh i c h s e c u r i t i e s o f t h e I s s u e r m a y t h e n b e l i s t e d o r t r a d e d t h a t l i s t e d o r t r a d e d c o m p a n i e s m u s t h a v e a m a j o r i t y o f i n d e p e n d e n t d i r e c t o r s . Up o n a n y t e r m i n a t i o n o f t h e r i g h t o f t h e h o l d e r s o f s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k a n d Vo t i n g P a r i t y S t o c k a s a c l a s s t o v o t e f o r d i r e c t o r s a s p r o v i d e d a b o v e , t h e P r e f e r r e d Di r e c t o r s s h a l l c e a s e t o b e
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q u a l i f i e d a s d i r e c t o r s , t h e t e r m o f o f f i c e o f a l l P r e f e r r e d Di r e c t o r s t h e n i n o f f i c e s h a l l t e r m i n a t e i m m e d i a t e l y a n d t h e a u t h o r i z e d n u m b e r o f d i r e c t o r s s h a l l b e r e d u c e d b y t h e n u m b e r o f P r e f e r r e d Di r e c t o r s e l e c t e d p u r s u a n t h e r e t o . An y P r e f e r r e d Di r e c t o r m a y b e r e m o v e d a t a n y t i m e , wi t h o r wi t h o u t c a u s e , a n d a n y v a c a n c y c r e a t e d t h e r e b y m a y b e f i l l e d , o n l y b y t h e a f f i r m a t i v e v o t e o f t h e h o l d e r s a m a j o r i t y o f t h e s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k a t t h e t i m e o u t s t a n d i n g v o t i n g s e p a r a t e l y a s a c l a s s t o g e t h e r wi t h t h e h o l d e r s o f s h a r e s o f Vo t i n g P a r i t y S t o c k , t o t h e e x t e n t t h e v o t i n g r i g h t s o f s u c h h o l d e r s d e s c r i b e d a b o v e a r e t h e n e x e r c i s a b l e . I f t h e o f f i c e
o f a n y P r e f e r r e d Di r e c t o r b e c o m e s v a c a n t f o r a n y r e a s o n o t h e r t h a n r e m o v a l f r o m o f f i c e a s a f o r e s a i d , t h e r e m a i n i n g P r e f e r r e d Di r e c t o r m a y c h o o s e a s u c c e s s o r wh o s h a l l h o l d o f f i c e f o r t h e u n e x p i r e d t e r m i n r e s p e c t o f wh i c h s u c h v a c a n c y o c c u r r e d . ( c ) Cl a s s Vo t i n g Ri g h t s a s t o P a r t i c u l a r M a t t e r s . S o l o n g a s a n y s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k a r e o u t s t a n d i n g , i n a d d i t i o n t o a n y o t h e r v o t e o r c o n s e n t o f s t o c k h o l d e r s r e q u i r e d b y l a w o r b y t h e Ch a r t e r , t h e v o t e o r c o n s e n t o f t h e h o l d e r s o f a t l e a s t 6 6 2 / 3 % o f t h e s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k a t t h e t i m e o u t s t a n d i n g , v o t i n g a s a s e p a r a t e c l a s s , g i v e n i n p e r s o n o r b y p r o x y , e i t h e r i n wr i t i n g wi t h o u t a
m e e t i n g o r b y v o t e a t a n y m e e t i n g c a l l e d f o r t h e p u r p o s e , s h a l l b e n e c e s s a r y f o r e f f e c t i n g o r v a l i d a t i n g : ( i ) Au t h o r i z a t i o n o f S e n i o r S t o c k . An y a m e n d m e n t o r a l t e r a t i o n o f t h e Ce r t i f i c a t e o f De s i g n a t i o n s f o r t h e De s i g n a t e d P r e f e r r e d S t o c k o r t h e Ch a r t e r t o a u t h o r i z e o r c r e a t e o r i n c r e a s e t h e a u t h o r i z e d a m o u n t o f , o r a n y i s s u a n c e o f , a n y s h a r e s o f , o r a n y s e c u r i t i e s c o n v e r t i b l e i n t o o r e x c h a n g e a b l e o r e x e r c i s a b l e f o r s h a r e s o f , a n y c l a s s o r s e r i e s o f c a p i t a l s t o c k o f t h e I s s u e r r a n k i n g s e n i o r t o De s i g n a t e d P r e f e r r e d S t o c k wi t h r e s p e c t t o e i t h e r o r b o t h t h e p a y m e n t o f d i v i d e n d s a n d / o r t h e d i s t r i b u t i o n o f a s s e t s o n a n y l i q u i d a t i o n , d i s s o l u t i o n o r wi n d i n g u p o f t h e
I s s u e r ; ( i i ) Am e n d m e n t o f De s i g n a t e d P r e f e r r e d S t o c k . An y a m e n d m e n t , a l t e r a t i o n o r r e p e a l o f a n y p r o v i s i o n o f t h e Ce r t i f i c a t e o f De s i g n a t i o n s f o r t h e De s i g n a t e d P r e f e r r e d S t o c k o r t h e Ch a r t e r ( i n c l u d i n g , u n l e s s n o v o t e o n s u c h m e r g e r o r c o n s o l i d a t i o n i s r e q u i r e d b y S e c t i o n 7 ( c ) ( i i i ) b e l o w, a n y a m e n d m e n t , a l t e r a t i o n o r r e p e a l b y m e a n s o f a m e r g e r , c o n s o l i d a t i o n o r o t h e r wi s e ) s o a s t o a d v e r s e l y a f f e c t t h e r i g h t s , p r e f e r e n c e s , p r i v i l e g e s o r v o t i n g p o we r s o f t h e De s i g n a t e d P r e f e r r e d S t o c k ; o r ( i i i ) S h a r e E x c h a n g e s . Re c l a s s i f i c a t i o n s . M e r g e r s a n d Co n s o l i d a t i o n s . An y c o n s u m m a t i o n o f a b i n d i n g s h a r e e x c h a n g e o r r e c l a s s i f i c a t i o n i n v o l v i n g t h e De s i g n a t e d P r e f e r r e d
S t o c k , o r o f a m e r g e r o r c o n s o l i d a t i o n o f t h e I s s u e r wi t h a n o t h e r c o r p o r a t i o n o r o t h e r e n t i t y , u n l e s s i n e a c h c a s e ( x ) t h e s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k r e m a i n o u t s t a n d i n g o r , i n t h e c a s e o f a n y s u c h m e r g e r o r c o n s o l i d a t i o n wi t h r e s p e c t t o wh i c h t h e I s s u e r i s n o t t h e s u r v i v i n g o r r e s u l t i n g e n t i t y , a r e c o n v e r t e d i n t o o r e x c h a n g e d f o r p r e f e r e n c e s e c u r i t i e s o f t h e s u r v i v i n g o r r e s u l t i n g e n t i t y o r i t s u l t i m a t e p a r e n t , a n d ( y ) s u c h s h a r e s r e m a i n i n g o u t s t a n d i n g o r s u c h p r e f e r e n c e s e c u r i t i e s , a s t h e c a s e m a y b e , h a v e s u c h r i g h t s , p r e f e r e n c e s , p r i v i l e g e s a n d v o t i n g p o we r s , a n d l i m i t a t i o n s a n d r e s t r i c t i o n s t h e r e o f , t a k e n a s a wh o l e , a s a r e n o t m a t e r i a l l y l e s s
f a v o r a b l e t o t h e h o l d e r s t h e r e o f t h a n t h e r i g h t s , p r e f e r e n c e s , p r i v i l e g e s a n d v o t i n g p o we r s , a n d l i m i t a t i o n s a n d r e s t r i c t i o n s t h e r e o f , o f De s i g n a t e d P r e f e r r e d S t o c k i m m e d i a t e l y p r i o r t o s u c h c o n s u m m a t i o n , t a k e n a s a wh o l e ;
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p r o v i d e d , h o we v e r , t h a t f o r a l l p u r p o s e s o f t h i s S e c t i o n 7 ( c ) , a n y i n c r e a s e i n t h e a m o u n t o f t h e a u t h o r i z e d P r e f e r r e d S t o c k , i n c l u d i n g a n y i n c r e a s e i n t h e a u t h o r i z e d a m o u n t o f De s i g n a t e d P r e f e r r e d S t o c k n e c e s s a r y t o s a t i s f y p r e e m p t i v e o r s i m i l a r r i g h t s g r a n t e d b y t h e I s s u e r t o o t h e r p e r s o n s p r i o r t o t h e S i g n i n g Da t e , o r t h e c r e a t i o n a n d i s s u a n c e , o r a n i n c r e a s e i n t h e a u t h o r i z e d o r i s s u e d a m o u n t , wh e t h e r p u r s u a n t t o p r e e m p t i v e o r s i m i l a r r i g h t s o r o t h e r wi s e , o f a n y o t h e r s e r i e s o f P r e f e r r e d S t o c k , o r a n y s e c u r i t i e s c o n v e r t i b l e i n t o o r e x c h a n g e a b l e o r e x e r c i s a b l e f o r a n y o t h e r s e r i e s o f P r e f e r r e d S t o c k , r a n k i n g e q u a l l y wi t h a n d / o r j u n i o r t o De s i g n a t e d P r e f e r r e d
S t o c k wi t h r e s p e c t t o t h e p a y m e n t o f d i v i d e n d s ( wh e t h e r s u c h d i v i d e n d s a r e c u m u l a t i v e o r n o n - c u m u l a t i v e ) a n d t h e d i s t r i b u t i o n o f a s s e t s u p o n l i q u i d a t i o n , d i s s o l u t i o n o r wi n d i n g u p o f t h e I s s u e r wi l l n o t b e d e e m e d t o a d v e r s e l y a f f e c t t h e r i g h t s , p r e f e r e n c e s , p r i v i l e g e s o r v o t i n g p o we r s , a n d s h a l l n o t r e q u i r e t h e a f f i r m a t i v e v o t e o r c o n s e n t o f , t h e h o l d e r s o f o u t s t a n d i n g s h a r e s o f t h e De s i g n a t e d P r e f e r r e d S t o c k . Ch a n g e s a f t e r P r o v i s i o n f o r Re d e m p t i o n . No v o t e o r c o n s e n t o f t h e h o l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k s h a l l b e r e q u i r e d p u r s u a n t t o S e c t i o n 7 ( c ) a b o v e i f , a t o r p r i o r t o t h e t i m e wh e n a n y s u c h v o t e o r c o n s e n t wo u l d o t h e r wi s e b e . r e q u i r e d p u r s u a n t t o
s u c h S e c t i o n , a l l o u t s t a n d i n g s h a r e s o f t h e De s i g n a t e d P r e f e r r e d S t o c k s h a l l h a v e b e e n r e d e e m e d , o r s h a l l h a v e b e e n c a l l e d f o r r e d e m p t i o n u p o n p r o p e r n o t i c e a n d s u f f i c i e n t f u n d s s h a l l h a v e b e e n d e p o s i t e d i n t r u s t f o r s u c h r e d e m p t i o n , i n e a c h c a s e p u r s u a n t t o S e c t i o n 5 a b o v e . P r o c e d u r e s f o r Vo t i n g a n d Co n s e n t s . T h e r u l e s a n d p r o c e d u r e s f o r c a l l i n g a n d c o n d u c t i n g a n y m e e t i n g o f t h e h o l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k ( i n c l u d i n g , wi t h o u t l i m i t a t i o n , t h e f i x i n g o f a r e c o r d d a t e i n c o n n e c t i o n t h e r e wi t h ) , t h e s o l i c i t a t i o n a n d u s e o f p r o x i e s a t s u c h a m e e t i n g , t h e o b t a i n i n g o f wr i t t e n c o n s e n t s a n d a n y o t h e r a s p e c t o r m a t t e r wi t h r e g a r d t o s u c h a m e e t i n g o r s u c h
c o n s e n t s s h a l l b e g o v e r n e d b y a n y r u l e s o f t h e Bo a r d o f Di r e c t o r s o r a n y d u l y a u t h o r i z e d c o m m i t t e e o f t h e Bo a r d o f Di r e c t o r s , i n i t s d i s c r e t i o n , m a y a d o p t f r o m t i m e t o t i m e , wh i c h r u l e s a n d p r o c e d u r e s s h a l l c o n f o r m t o t h e r e q u i r e m e n t s o f t h e Ch a r t e r , t h e By l a ws , a n d a p p l i c a b l e l a w a n d t h e r u l e s o f a n y n a t i o n a l s e c u r i t i e s e x c h a n g e o r o t h e r t r a d i n g f a c i l i t y o n wh i c h De s i g n a t e d P r e f e r r e d S t o c k i s l i s t e d o r t r a d e d a t t h e t i m e . S e c t i o n 8 . Re c o r d Ho l d e r s . T o t h e f u l l e s t e x t e n t p e r m i t t e d b y a p p l i c a b l e l a w, t h e I s s u e r a n d t h e t r a n s f e r a g e n t f o r De s i g n a t e d P r e f e r r e d S t o c k m a y d e e m a n d t r e a t t h e r e c o r d h o l d e r o f a n y s h a r e o f De s i g n a t e d P r e f e r r e d S t o c k a s t h e t r u e
a n d l a wf u l o wn e r t h e r e o f f o r a l l p u r p o s e s , a n d n e i t h e r t h e I s s u e r n o r s u c h t r a n s f e r a g e n t s h a l l b e a f f e c t e d b y a n y n o t i c e t o t h e c o n t r a r y . S e c t i o n 9 . No t i c e s . Al l n o t i c e s o r c o m m u n i c a t i o n s i n r e s p e c t o f De s i g n a t e d P r e f e r r e d S t o c k s h a l l b e s u f f i c i e n t l y g i v e n i f g i v e n i n wr i t i n g a n d d e l i v e r e d i n p e r s o n o r b y f i r s t c l a s s m a i l , p o s t a g e p r e p a i d , o r i f g i v e n i n s u c h o t h e r m a n n e r a s m a y b e p e r m i t t e d i n t h i s Ce r t i f i c a t e o f De s i g n a t i o n s , i n t h e Ch a r t e r o r By l a ws o r b y a p p l i c a b l e l a w. No t wi t h s t a n d i n g t h e f o r e g o i n g , i f s h a r e s o f De s i g n a t e d P r e f e r r e d S t o c k a r e i s s u e d i n b o o k - e n t r y f o r m t h r o u g h T h e De p o s i t o r y T r u s t Co m p a n y o r a n y s i m i l a r f a c i l i t y , s u c h n o t i c e s m a y b e
g i v e n t o t h e h o l d e r s o f De s i g n a t e d P r e f e r r e d S t o c k i n a n y m a n n e r p e r m i t t e d b y s u c h f a c i l i t y . S e c t i o n 1 0 . No P r e e m p t i v e Ri g h t s , No s h a r e o f De s i g n a t e d P r e f e r r e d S t o c k s h a l l h a v e a n y r i g h t s o f p r e e m p t i o n wh a t s o e v e r a s t o a n y s e c u r i t i e s o f t h e I s s u e r , o r a n y wa r r a n t s , r i g h t s o r o p t i o n s i s s u e d o r g r a n t e d wi t h r e s p e c t t h e r e t o , r e g a r d l e s s o f h o w s u c h s e c u r i t i e s , o r s u c h wa r r a n t s , r i g h t s o r o p t i o n s , m a y b e d e s i g n a t e d , i s s u e d o r g r a n t e d .
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S e c t i o n 1 1 . Re p l a c e m e n t Ce r t i f i c a t e s . T h e I s s u e r s h a l l r e p l a c e a n y m ut i l at ed cer t i f i cat e at t he hol der ’ s expens e upon s ur r ender of t hat cer t i f i cat e t o t he I s s uer . Th e I s s uer s hal l r epl ace cer t i f i cat es t hat becom e des t r oyed, s t ol en or l os t at t he hol der ’ s expens e upon del i ver y t o t he I s s uer of r eas onabl y s at i s f act or y evi dence t hat t he cer t i f i cat e has been des t r oyed, s t ol en or l os t , t oget her wi t h any i ndem ni t y t hat m ay be r eas onabl y r equi r ed by t he I s s uer . Se c t i on 12. Ot h e r Ri g h t s . Th e s har es of De s i g n a t e d Pr e f e r r e d St oc k s hal l not have any r i ght s , pr ef er ences , pr i vi l eges or vot i ng p o we r s or r el at i ve, par t i ci pat i ng, opt i onal or ot her s peci al r i ght s , or
qual i f i cat i ons , l i m i t at i ons or r es t r i ct i ons t her eof , ot her t han as s et f or t h her ei n or i n t h e Ch a r t e r o r a s p r o v i d e d b y a p p l i c a b l e l a w.
Exhibit 4.4
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St oc k Ce r t i f i c a t e
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4 0 , 0 0 0 S e r i e s A P r e f e r r e d * * * T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT ARE NOT S AVI NGS ACCOUNT S . DE P OS I T S OR OT HE R OBL I GAT I ONS OF A BANK AND ARE NOT I NS URE D BY T HE F E DE RAL DE P OS I T I NS URANCE CORP ORAT I ON OR ANY OT HE R GOVE RNM E NT AL AGE NCY. T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT HAVE NOT BE E N RE GI S T E RE D UNDE R T HE S E CURI T I E S ACT OF 1 9 3 3 , AS AM E NDE D ( T HE “ S E CURI T I E S ACT ” ) . OR T HE S E CURI T I E S L AW S OF ANY S T AT E AND M AY NOT BE T RANS F E RRE D, S OL D OR OT HE RW I S E DI S P OS E D OF E XCE P T W HI L E A RE GI S T RAT I ON S T AT E M E NT RE L AT I NG T HE RE T O I S I N E F F E CT UNDE R S UCH ACT AND AP P L I CABL E S T AT E S E CURI T I E S L AW S OR P URS UANT T O AN E XE M P T I ON F ROM RE GI S T RAT I ON UNDE R S UCH ACT OR S UCH
L AW S . E ACH P URCHAS E R OF T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT I S NOT I F I E D T HAT T HE S E L L E R M AY BE RE L YI NG ON T HE E XE M P T I ON F ROM S E CT I ON 5 OF T HE S E CURI T I E S ACT P ROVI DE D BY RUL E 1 4 4 A T HE RE UNDE R. ANY T RANS F E RE E OF T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT BY I T S ACCE P T ANCE HE RE OF ( ! ) RE P RE S E NT S T HAT I T I S A “ QUAL I F I E D I NS T I T UT I ONAL BUYE R” ( AS DE F I NE D I N RUL E 1 4 4 A UNDE R T HE S E CURI T I E S ACT ) , ( 2 ) AGRE E S T HAT I T W I L L NOT OF F E R, S E L L OR OT HE RW I S E T RANS F E R T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT E XCE P T ( A) P URS UANT T O A RE GI S T RAT I ON S T AT E M E NT W HI CH I S T HE N E F F E CT I VE UNDE R T HE S E CURI T I E S ACT , ( B) F OR S O L ONG AS T HE S E CURI T I E S RE P RE S E NT E D BY T HI S
I NS T RUM E NT ARE E L I GI BL E F OR RE S AL E P URS UANT T O RUL E 1 4 4 A, T O A P E RS ON I T RE AS ONABL Y BE L I E VE S I S A “ QUAL I F I E D I NS T I T UT I ONAL BUYE R” AS DE F I NE D I N RUL E 1 4 4 A UNDE R T HE S E CURI T I E S ACT T HAT P URCHAS E S F OR I T S OW N ACCOUNT OR F OR T HE ACCOUNT OF A QUAL I F I E D I NS T I T UT I ONAL BUYE R T O W HOM NOT I CE I S GI VE N T HAT T HE T RANS F E R I S BE I NG M ADE I N RE L I ANCE ON RUL E 1 4 4 A. ( C) T O T HE I S S UE R OR ( D) P URS UANT T O ANY OT HE R AVAI L ABL E E XE M P T I ON F ROM T HE RE GI S T RAT I ON RE QUI RE M E NT S OF T HE S E CURI T I E S ACT AND ( 3 ) AGRE E S T HAT I T W I L L GI VE T O E ACH P E RS ON T O W HOM T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT ARE T RANS F E RRE D A NOT I CE S UBS T ANT I AL L Y T O T HE E F F E CT OF T HI S L E GE ND. T HI S I NS T RUM E NT I S
I S S UE D S UBJ E CT T O T HE RE S T RI CT I ONS ON T RANS F E R AND OT HE R P ROVI S I ONS OF A S E CURI T I E S P URCHAS E AGRE E M E NT BE T W E E N T HE I S S UE R OF T HE S E S E CURI T I E S AND T HE I NVE S T OR RE F E RRE D T O T HE RE I N, A COP Y OF W HI CH I S ON F I L E W I T H T HE I S S UE R. T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT M AY NOT BE S OL D OR OT HE RW I S E T RANS F E RRE D E XCE P T I N COM P L I ANCE W I T H S AI D AGRE E M E NT . ANY S AL E OR OT HE R T RANS F E R NOT I N COM P L I ANCE W I T H S AI D AGRE E M E NT W I L L BE VOI D. RE L I ANCE BANCS HARE S , I NC. W I L L F URNI S H W I T HOUT CHARGE T O E ACH S T OCKHOL DE R W HO S O RE QUE S T S T HE P OW E RS . DE S I GNAT I ONS , P RE F E RE NCE S AND RE L AT I VE . P ART I CI P AT I NG, OP T I ONAL OR OT HE R S P E CI AL RI GHT S OF I T S S E RI E S A P RE F E RRE D S T OCK AND
T HE QUAL I F I CAT I ONS , L I M I T AT I ONS OR RE S T RI CT I ONS OF S UCH P RE F E RE NCE S AND/ OR RI GHT S .
()
St oc k Ce r t i f i c a t e
()
RE L I ANCE BANCS HARE S , I NC.
I NCORP ORAT E D T I NDE R T HE L AW S OF T HE S T AT E OF M I S S OURI
F I XE D RAT E CUM UL AT I VE P E RP E T UAL P RE F E RRE D S T OCK. S E RI E S B — 2, 000. 02 S HARE S — NO P AR VAL UE
Un i t e d St a t e s De p a r t m e n t of t he Tr e a s u r y _’
P RE S I DE NT
T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT ARE NOT S AVI NGS ACCOUNT S .
DE P OS I T S OR OT HE R OBL I GAT I ONS OF A BANK AND ARE NOT I NS URE D BY T HE F E DE RAL DE P OS I T I NS URANCE CORP ORAT I ON OR ANY OT HE R GOVE RNM E NT AL AGE NCY. T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT HAVE NOT BE E N RE GI S T E RE D UNDE R T HE S E CURI T I E S ACT OF 1 9 3 3 , AS AM E NDE D ( T HE “ S E CURI T I E S ACT ” ) . OR T HE S E CURI T I E S L AW S OF ANY S T AT E AND M AY NOT BE T RANS F E RRE D, S OL D OR OT HE RW I S E DI S P OS E D OF E XCE P T W HI L E A RE GI S T RAT I ON S T AT E M E NT RE L AT I NG T HE RE T O I S I N E F F E CT UNDE R S UCH ACT AND AP P L I CABL E S T AT E S E CURI T I E S L AW S OR P URS UANT T O AN E XE M P T I ON F ROM RE GI S T RAT I ON UNDE R S UCH ACT OR S UCH L AW S . E ACH P URCHAS E R OF T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT I S NOT I F I E D T HAT T HE S E L L E R
M AY BE RE L YI NG ON T HE E XE M P T I ON F ROM S E CT I ON 5 OF T HE S E CURI T I E S ACT P ROVI DE D BY RUL E 1 4 4 A T HE RE UNDE R. ANY T RANS F E RE E OF T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT BY I T S ACCE P T ANCE HE RE OF ( 1 ) RE P RE S E NT S T HAT I T I S A “ QUAL I F I E D I NS T I T UT I ONAL BUYE R” ( AS DE F I NE D I N RUL E 1 4 4 A UNDE R T HE S E CURI T I E S ACT ) , ( 2 ) AGRE E S T HAT I T W I L L NOT OF F E R, S E L L OR OT HE RW I S E T RANS F E R T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT E XCE P T ( A) P URS UANT T O A RE GI S T RAT I ON S T AT E M E NT W HI CH I S T HE N E F F E CT I VE UNDE R T HE S E CURI T I E S ACT , ( B) F OR S O L ONG AS T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT ARE E L I GI BL E F OR RE S AL E P URS UANT T O RUL E 1 4 4 A, T O A P E RS ON I T RE AS ONABL Y BE L I E VE S I S A
“ QUAL I F I E D I NS T I T UT I ONAL BUYE R” AS DE F I NE D I N RUL E 1 4 4 A UNDE R T HE S E CURI T I E S ACT T HAT P URCHAS E S F OR I T S OW N ACCOUNT OR F OR T HE ACCOUNT OF A QUAL I F I E D I NS T I T UT I ONAL BUYE R T O W HOM NOT I CE I S GI VE N T HAT T HE T RANS F E R I S BE I NG M ADE I N RE L I ANCE ON RUL E 1 4 4 A, ( C) T O T HE I S S UE R OR ( D) P URS UANT T O ANY OT HE R AVAI L ABL E E XE M P T I ON F ROM T HE RE GI S T RAT I ON RE QUI RE M E NT S OF T HE S E CURI T I E S ACT AND ( 3 ) AGRE E S T HAT I T W I L L GI VE T O E ACH P E RS ON T O W HOM T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT ARE T RANS F E RRE D A NOT I CE S UBS T ANT I AL L Y T O T HE E F F E CT OF T HI S L E GE ND. T HI S I NS T RUM E NT I S I S S UE D S UBJ E CT T O T HE RE S T RI CT I ONS ON T RANS F E R AM D OT HE R P ROVI S I ONS OF A S E CURI T I E S P URCHAS E
AGRE E M E NT BE T W E E N T HE I S S UE R OF T HE S E S E CURI T I E S AND T HE I NVE S T OR RE F E RRE D T O T HE RE I N, A COP Y OF W HI CH I S ON F I L E W I T H T HE I S S UE R. T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT M AY NOT BE S OL D OR OT HE RW I S E T RANS F E RRE D E XCE P T I N COM P L I ANCE W I T H S AI D AGRE E M E NT . ANY S AL E OR OT HE R T RANS F E R NOT I N COM P L I ANCE W I T H S AI D AGRE E M E NT W I L L BE VOI D. RE L I ANCE BANCS HARE S , I NC. W I L L F URNI S H W I T HOUT CHARGE T O E ACH S T OCKHOL DE R W HO S O RE QUE S T S T HE P OW E RS . DE S I GNAT I ONS , P RE F E RE NCE S AND RE L AT I VE , P ART I CI P AT I NG, OP T I ONAL OR OT HE R S P E CI AL RI GHT S OF I T S S E RI E S B P RE F E RRE D S T OCK AND T HE QUAL I F I CAT I ONS , L I M I T AT I ONS OR RE S T RI CT I ONS 0 1 - S UCH P RE F E RE NCE S AND/ OR RI GHT S . S t a t e of
M i s s o u r i S t a t e m e n t o f Co r r e c t i o n 1 3 P a g e ( s ) T 0 9 0 4 2 1 8 0 0 7
Exhibit 4.5
ANNEX E
FORM OF WARRANT TO PURCHASE PREFERRED STOCK

THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF
EXCEPT WHILE A REGISTRATION STATEMENT RELATING THERETO IS IN EFFECT UNDER SUCH ACT AND APPLICABLE STATE
SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH LAWS. THIS
INSTRUMENT IS ISSUED SUBJECT TO THE RESTRICTIONS ON TRANSFER AND OTHER PROVISIONS OF A SECURITIES PURCHASE
AGREEMENT BETWEEN THE ISSUER OF THESE SECURITIES AND THE INVESTOR REFERRED TO THEREIN, A COPY OF WHICH IS ON
FILE WITH THE ISSUER. THE SECURITIES REPRESENTED BY THIS INSTRUMENT MAY NOT BE SOLD OR OTHERWISE TRANSFERRED
EXCEPT IN COMPLIANCE WITH SAID AGREEMENT. ANY SALE OR OTHER TRANSFER NOT IN COMPLIANCE WITH SAID
AGREEMENT WILL BE VOID.
WARRANT
to purchase
2,000.02
Shares of Preferred Stock
Of Reliance Bancshares, Inc.
Issue Date: February 13, 2009

1. Definitions. Unless the context otherwise requires, when used herein the following terms shall have the meanings indicated.
“Board of Directors” means the board of directors of the Company, including any duly authorized committee thereof.
“business day” means any day except Saturday, Sunday and any day on which banking institutions in the State of New York generally are
authorized or required by law or other governmental actions to close.
“Charter” means, with respect to any Person, its certificate or articles of incorporation, articles of association, or similar organizational
document.
“Company” means the Person whose name, corporate or other organizational form and jurisdiction of organization is set forth in Item 1 of
Schedule A hereto.
1
“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations
promulgated thereunder.
“Exercise Price” means the amount set forth in Item 2 of Schedule A hereto.
“Expiration Time” has the meaning set forth in Section 3.
“Issue Date” means the date set forth in Item 3 of Schedule A hereto.
“Liquidation Amount” means the amount set forth in Item 4 of Schedule A hereto.
“Original Warrantholder” means the United States Department of the Treasury. Any actions specified to be taken by the Original
Warrantholder hereunder may only be taken by such Person and not by any other Warrantholder.
“Person” has the meaning given to it in Section 3(a)(9) of the Exchange Act and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange
Act.
“Preferred Stock” means the series of perpetual preferred stock set forth in Item 5 of Schedule A hereto.
“Purchase Agreement” means the Securities Purchase Agreement — Standard Terms incorporated into the Letter Agreement, dated as of
the date set forth in Item 6 of Schedule A hereto, as amended from time to time, between the Company and the United States Department of the
Treasury (the “Letter Agreement”), including all annexes and schedules thereto.
“Regulatory Approvals” with respect to the Warrantholder, means, to the extent applicable and required to permit the Warrantholder to
exercise this Warrant for shares of Preferred Stock and to own such Preferred Stock without the Warrantholder being in violation of applicable
law, rule or regulation, the receipt of any necessary approvals and authorizations of, filings and registrations with, notifications to, or
expiration or termination of any applicable waiting period under, the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and
the rules and regulations thereunder.
“SEC” means the U.S. Securities and Exchange Commission.
“Securities Act” means the Securities Act of 1933, as amended, or any successor statute, and the rules and regulations promulgated
thereunder.
“Shares” has the meaning set forth in Section 2.
“Warrantholder” has the meaning set forth in Section 2.
“Warrant” means this Warrant, issued pursuant to the Purchase Agreement.
2. Number of Shares; Exercise Price. This certifies that, for value received, the United States Department of the Treasury or its permitted
assigns (the “Warrantholder”) is entitled, upon the terms and subject to the conditions hereinafter set forth, to acquire from the
2
Company, in whole or in part, after the receipt of all applicable Regulatory Approvals, if any, up to an aggregate of the number of fully paid
and nonassessable shares of Preferred Stock set forth in Item 7 of Schedule A hereto (the “Shares”), at a purchase price per share of Preferred
Stock equal to the Exercise Price.
3. Exercise of Warrant; Term. Subject to Section 2, to the extent permitted by applicable laws and regulations, the right to purchase the
Shares represented by this Warrant is exercisable, in whole or in part by the Warrantholder, at any time or from time to time after the execution
and delivery of this Warrant by the Company on the date hereof, but in no event later than 5:00 p.m., New York City time on the tenth
anniversary of the Issue Date (the “Expiration Time”), by (A) the surrender of this Warrant and Notice of Exercise annexed hereto, duly
completed and executed on behalf of the Warrantholder, at the principal executive office of the Company located at the address set forth in
Item 8 of Schedule A hereto (or such other office or agency of the Company in the United States as it may designate by notice in writing to the
Warrantholder at the address of the Warrantholder appearing on the books of the Company), and (B) payment of the Exercise Price for the
Shares thereby purchased, by having the Company withhold, from the shares of Preferred Stock that would otherwise be delivered to the
Warrantholder upon such exercise, shares of Preferred Stock issuable upon exercise of the Warrant with an aggregate Liquidation Amount
equal in value to the aggregate Exercise Price as to which this Warrant is so exercised.
If the Warrantholder does not exercise this Warrant in its entirety, the Warrantholder will be entitled to receive from the Company within
a reasonable time, and in any event not exceeding three business days, a new warrant in substantially identical form for the purchase of that
number of Shares equal to the difference between the number of Shares subject to this Warrant and the number of Shares as to which this
Warrant is so exercised. Notwithstanding anything in this Warrant to the contrary, the Warrantholder hereby acknowledges and agrees that
its exercise of this Warrant for Shares is subject to the condition that the Warrantholder will have first received any applicable Regulatory
Approvals.
4. Issuance of Shares; Authorization. Certificates for Shares issued upon exercise of this Warrant will be issued in such name or names as
the Warrantholder may designate and will be delivered to such named Person or Persons within a reasonable time, not to exceed three
business days after the date on which this Warrant has been duly exercised in accordance with the terms of this Warrant. The Company
hereby represents and warrants that any Shares issued upon the exercise of this Warrant in accordance with the provisions of Section 3 will be
duly and validly authorized and issued, fully paid and nonassessable and free from all taxes, liens and charges (other than liens or charges
created by the Warrantholder, income and franchise taxes incurred in connection with the exercise of the Warrant or taxes in respect of any
transfer occurring contemporaneously therewith). The Company agrees that the Shares so issued will be deemed to have been issued to the
Warrantholder as of the close of business on the date on which this Warrant and payment of the Exercise Price are delivered to the Company
in accordance with the terms of this Warrant, notwithstanding that the stock transfer books of the Company may then be closed or certificates
representing such Shares may not be actually delivered on such date. The Company will at all times reserve and keep available, out of its
authorized but unissued preferred stock, solely for the purpose of providing for the exercise of this Warrant, the aggregate number of shares
of Preferred Stock then issuable upon exercise of this Warrant at anytime. The Company will use reasonable best efforts to ensure that the
Shares may be issued
3
without violation of any applicable law or regulation or of any requirement of any securities exchange on which the Shares are listed or traded.
5. No Rights as Stockholders; Transfer Books. This Warrant does not entitle the Warrantholder to any voting rights or other rights as a
stockholder of the Company prior to the date of exercise hereof. The Company will at no time close its transfer books against transfer of this
Warrant in any manner which interferes with the timely exercise of this Warrant.
6. Charges, Taxes and Expenses. Issuance of certificates for Shares to the Warrantholder upon the exercise of this Warrant shall be made
without charge to the Warrantholder for any issue or transfer tax or other incidental expense in respect of the issuance of such certificates, all
of which taxes and expenses shall be paid by the Company.
7. Transfer/Assignment.
(A) Subject to compliance with clause (B) of this Section 7, this Warrant and all rights hereunder are transferable, in whole or in part, upon
the books of the Company by the registered holder hereof in person or by duly authorized attorney, and a new warrant shall be made and
delivered by the Company, of the same tenor and date as this Warrant but registered in the name of one or more transferees, upon surrender of
this Warrant, duly endorsed, to the office or agency of the Company described in Section 3. All expenses (other than stock transfer taxes) and
other charges payable in connection with the preparation, execution and delivery of the new warrants pursuant to this Section 7 shall be paid
by the Company.
(B) The transfer of the Warrant and the Shares issued upon exercise of the Warrant are subject to the restrictions set forth in Section 4.4 of
the Purchase Agreement. If and for so long as required by the Purchase Agreement, this Warrant shall contain the legends as set forth in
Section 4.2(a) of the Purchase Agreement.
8. Exchange and Registry of Warrant. This Warrant is exchangeable, upon the surrender hereof by the Warrantholder to the Company, for a
new warrant or warrants of like tenor and representing the right to purchase the same aggregate number of Shares. The Company shall
maintain a registry showing the name and address of the Warrantholder as the registered holder of this Warrant. This Warrant may be
surrendered for exchange or exercise in accordance with its terms, at the office of the Company, and the Company shall be entitled to rely in all
respects, prior to written notice to the contrary, upon such registry.
9. Loss, Theft, Destruction or Mutilation of Warrant. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss,
theft, destruction or mutilation of this Warrant, and in the case of any such loss, theft or destruction, upon receipt of a bond, indemnity or
security reasonably satisfactory to the Company, or, in the case of any such mutilation, upon surrender and cancellation of this Warrant, the
Company shall make and deliver, in lieu of such lost, stolen, destroyed or mutilated Warrant, a new Warrant of like tenor and representing the
right to purchase the same aggregate number of Shares as provided for in such lost, stolen, destroyed or mutilated Warrant.
4
10. Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or
granted herein shall not be a business day, then such action may be taken or such right may be exercised on the next succeeding day that is a
business day.
11. Rule 144 Information. The Company covenants that it will use its reasonable best efforts to timely file all reports and other documents
required to be filed by it under the Securities Act and the Exchange Act and the rules and regulations promulgated by the SEC thereunder (or,
if the Company is not required to file such reports, it will, upon the request of any Warrantholder, make publicly available such information as
necessary to permit sales pursuant to Rule 144 under the Securities Act), and it will use reasonable best efforts to take such further action as
any Warrantholder may reasonably request, in each case to the extent required from time to time to enable such holder to, if permitted by the
terms of this Warrant and the Purchase Agreement, sell this Warrant without registration under the Securities Act within the limitation of the
exemptions provided by (A) Rule 144 under the Securities Act, as such rule may be amended from time to time, or (B) any successor rule or
regulation hereafter adopted by the SEC. Upon the written request of any Warrantholder, the Company will deliver to such Warrantholder a
written statement that it has complied with such requirements.
12. Adjustments and Other Rights. For so long as the Original Warrantholder holds this Warrant or any portion thereof, if any event occurs
that, in the good faith judgment of the Board of Directors of the Company, would require adjustment of the Exercise Price or number of Shares
into which this Warrant is exercisable in order to fairly and adequately protect the purchase rights of the Warrants in accordance with the
essential intent and principles of the Purchase Agreement and this Warrant, then the Board of Directors shall make such adjustments in the
application of such provisions, in accordance with such essential intent and principles, as shall be reasonably necessary, in the good faith
opinion of the Board of Directors, to protect such purchase rights as aforesaid.
Whenever the Exercise Price or the number of Shares into which this Warrant is exercisable shall be adjusted as provided in this Section 12,
the Company shall forthwith file at the principal office of the Company a statement showing in reasonable detail the facts requiring such
adjustment and the Exercise Price that shall be in effect and the number of Shares into which this Warrant shall be exercisable after such
adjustment, and the Company shall also cause a copy of such statement to be sent by mail, first class postage prepaid, to each Warrantholder
at the address appearing in the Company’s records.
13. No Impairment. The Company will not, by amendment of its Charter or through any reorganization, transfer of assets, consolidation,
merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of
the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all the
provisions of this Warrant and in taking of all such action as may be necessary or appropriate in order to protect the rights of the
Warrantholder.
14. Governing Law. This Warrant will be governed by and construed in accordance with the federal law of the United States if and to the
extent such law is applicable, and otherwise in accordance with the laws of the State of New York applicable to contracts made and
5
to be performed entirely within such State. Each of the Company and the Warrantholder agrees (a) to submit to the exclusive jurisdiction and
venue of the United States District Court for the District of Columbia for any civil action, suit or proceeding arising out of or relating to this
Warrant or the transactions contemplated hereby, and (b) that notice may be served upon the Company at the address in Section 17 below and
upon the Warrantholder at the address for the Warrantholder set forth in the registry maintained by the Company pursuant to Section 8
hereof. To the extent permitted by applicable law, each of the Company and the Warrantholder hereby unconditionally waives trial by jury in
any civil legal action or proceeding relating to the Warrant or the transactions contemplated hereby or thereby.
15. Binding Effect. This Warrant shall be binding upon any successors or assigns of the Company.
16. Amendments. This Warrant may be amended and the observance of any term of this Warrant may be waived only with the written
consent of the Company and the Warrantholder.
17. Notices. Any notice, request, instruction or other document to be given hereunder by any party to the other will be in writing and will be
deemed to have been duly given (a) on the date of delivery if delivered personally, or by facsimile, upon confirmation of receipt, or (b) on the
second business day following the date of dispatch if delivered by a recognized next day courier service. All notices hereunder shall be
delivered as set forth in Item 9 of Schedule A hereto, or pursuant to such other instructions as may be designated in writing by the party to
receive such notice.
18. Entire Agreement. This Warrant, the forms attached hereto and Schedule A hereto (the terms of which are incorporated by reference
herein), and the Letter Agreement (including all documents incorporated therein), contain the entire agreement between the parties with
respect to the subject matter hereof and supersede all prior and contemporaneous arrangements or undertakings with respect thereto.
[Remainder of page intentionally left blank]
6
[Form of Notice of Exercise]

Date:
TO: Reliance Bancshares, Inc.

RE: Election to Purchase Preferred Stock
The undersigned, pursuant to the provisions set forth in the attached Warrant, hereby agrees to subscribe for and purchase such number
of shares of Preferred Stock covered by the Warrant such that after giving effect to an exercise pursuant to Section 3(B) of the Warrant, the
undersigned will receive the net number of shares of Preferred Stock set forth below. The undersigned, in accordance with Section 3 of the
Warrant, hereby agrees to pay the aggregate Exercise Price for such shares of Preferred Stock in the manner set forth in Section 3(B) of the
Warrant.
Number of Shares of Preferred Stock: 2,000
The undersigned agrees that it is exercising the attached Warrant in full and that, upon receipt by the undersigned of the number of shares
of Preferred Stock set forth above, such Warrant shall be deemed to be cancelled and surrendered to the Company.
Holder:
By:
Name:
Title:
1. Number of shares to be received by the undersigned upon exercise of the attached Warrant pursuant to
Section 3(B) thereof.
7
IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by a duly authorized officer.
Dated: February 13, 2009
COMPANY: RELIANCE BANCSHARES INC.
By:
Name: Jerry S. Von Rohr
Title: President
Attest:
By:
Name: Fortis M. Lawder
Title: Secretary
[Signature Page to Warrant]
8
SCHEDULE A
Item 1
Name: Reliance Bancshares, Inc.
Corporate or other organizational form: Corporation
Jurisdiction of organization: Missouri
Item 2
Exercise Price: $0.01 per share
Item 3
Issue Date: February 13, 2009
Item 4
Liquidation Amount: $1,000.00 per share
Item 5
Series of Perpetual Preferred Stock: Fixed Rate Cumulative Perpetual Preferred Stock, Series B
Item 6
Date of Letter Agreement between the Company and the United States Department of the Treasury:
Item 7
Number of shares of Preferred Stock: 2,000
Item 8
Company’s address: 10401 Clayton Road
Frontenac (St. Louis), Missouri 63131
Item 9
Notice information: Reliance Bancshares, Inc.
10401 Clayton Road
Attention: Jerry S. Von Rohr
President
Telephone: (314) 569-7201
Facsimile: (314) 569-7301
2 $0.01 per share or such greater amount as the Charter may require as the par value of the Preferred Stock.
3 The initial number of shares of Preferred Stock for which this Warrant is exercisable shall include the number
of shares required to effect the cashless exercise pursuant to Section 3(B) of this Warrant (e.g., such number
of shares of Preferred Stock having an aggregate Liquidation Amount equal in value to the aggregate
Exercise Price) such that, following exercise of this Warrant and payment of the Exercise Price in accordance
with such Section 3(B), the net number of shares of Preferred Stock delivered to the Warrantholder (and
rounded to the nearest whole share) would have an aggregate Liquidation Amount equal to 5% of the
aggregate amount invested by the United States Department of the Treasury on the investment date.
Exhibit 10.1
UNITED STATES DEPARTMENT OF THE TREASURY

1500 PENNSYLVANIA AVENUE, NW
WASHINGTON, D.C. 20220
Dear Ladies and Gentlemen:

The company set forth on the signature page hereto (the “Company”) intends to issue in a private placement the number of shares of a
series of its preferred stock set forth on Schedule A hereto (the “Preferred Shares”) and a warrant to purchase the number of shares of a series
of its preferred stock set forth on Schedule A hereto (the “Warrant” and, together with the Preferred Shares, the “Purchased Securities”) and
the United States Department of the Treasury (the “Investor”) intends to purchase from the Company the Purchased Securities.
The purpose of this letter agreement is to confirm the terms and conditions of the purchase by the Investor of the Purchased Securities.
Except to the extent supplemented or superseded by the terms set forth herein or in the Schedules hereto, the provisions contained in the
Securities Purchase Agreement — Standard Terms attached hereto as Exhibit A (the “Securities Purchase Agreement”) are incorporated by
reference herein. Terms that are defined in the Securities Purchase Agreement are used in this letter agreement as so defined. In the event of
any inconsistency between this letter agreement and the Securities Purchase Agreement, the terms of this letter agreement shall govern.
Each of the Company and the Investor hereby confirms its agreement with the other party with respect to the issuance by the Company of
the Purchased Securities and the purchase by the Investor of the Purchased Securities pursuant to this letter agreement and the Securities
Purchase Agreement on the terms specified on Schedule A hereto.
This letter agreement (including the Schedules hereto), the Securities Purchase Agreement (including the Annexes thereto), the Disclosure
Schedules and the Warrant constitute the entire agreement, and supersede all other prior agreements, understandings, representations and
warranties, both written and oral, between the parties, with respect to the subject matter hereof. This letter agreement constitutes the “Letter
Agreement” referred to in the Securities Purchase Agreement.
This letter agreement may be executed in any number of separate counterparts, each such counterpart being deemed to be an original
instrument, and all such counterparts will together constitute the same agreement. Executed signature pages to this letter agreement may be
delivered by facsimile and such facsimiles will be deemed as sufficient as if actual signature pages had been delivered.
***
In witness whereof, this letter agreement has been duly executed and delivered by the duly authorized representatives of the parties hereto
as of the date written below.
UNITED STATES DEPARTMENT OF THE TREASURY
By:
Name:
Title:
COMPANY: RELIANCE BANCSHARES, INC.
By:
Title: President and CEO
Date:
EXHIBIT A
SECURITIES PURCHASE AGREEMENT

SCHEDULE A
ADDITIONAL TERMS AND CONDITIONS
Company Information:
Name of the Company: Reliance Bancshares, Inc.
Corporate or other organizational form: Corporate
Jurisdiction of Organization: Missouri
Appropriate Federal Banking Agency: Federal Deposit Insurance Corporation
Notice Information: Jerry S. Von Rohr

President
10401 Clayton Road
(314) 569-7201
(314) 569-7301 (fax)
jvonrohr@reliancebankstl.com
Terms of the Purchase:

Series of Preferred Stock Purchased: Fixed Rate Cumulative Perpetual Preferred Stock, Series A
Per Share Liquidation Preference of Preferred Stock: $1,000.00
Number of Shares of Preferred Stock Purchased: 40,000
Dividend Payment Dates on the Preferred Stock: February 15, May 15, August 15, and November 15
Series of Warrant Preferred Stock: Fixed Rate Cumulative Perpetual Preferred Stock, Series B
Number of Warrant Shares: 2,000
Number of Net Warrant Shares (after net settlement): 2,000
Exercise Price of the Warrant: $0.01
Purchase Price: $40,000,000.00
Closing:
Location of Closing: Squire, Sanders & Dempsey L.L.P., 221 East Fourth Street, Suite 2900, Cincinnati, Ohio 45202
Time of Closing:
Date of Closing: February 13, 2009
Wire Information for Closing: ABA Number: 081018888

Bank: Reliance Bank
Account Name: Reliance Bancshares, Inc.
Account Number:
Beneficiary: Reliance Bancshares, Inc.
Contact for Confirmation of Wire Information: Dale E. Oberkfell (EVP)

(314) 569-7202
doberkfell@reliancebankstl.com
SCHEDULE B
CAPITALIZATION
Capitalization Date: December 31, 2008

Common Stock
Par Value: $0.25 per share
Total Authorized: 40,000,000
Outstanding: 20,770,781
Subject to warrants, options, convertible
securities, etc.: 2,236,950
Reserved for benefit plans and other issuances: 90,034
Remaining authorized but unissued: 16,902,235
Shares issued after Capitalization Date
(other than pursuant to warrants, options,
convertible securities, etc. as set forth above): None
Preferred Stock
Par value: No par value
Total Authorized: 2,000,000
Outstanding (by series): None
Reserved for issuance: None
Remaining authorized but unissued: 2,000,000
Holders of 5% or more of any class of capital stock Primary Address

Gary R. Parker Center Oil Company
600 Mason Ridge Center Drive
St. Louis, MO 63141
William R. Stiritz 790 Briar Hill Road

Belleville, IL 62223
SCHEDULE C
LITIGATION
List any exceptions to the representation and warranty in Section 2.2(l) of the Securities Purchase Agreement — Standard Terms.
If none, please so indicate by checking the box˛ .

SCHEDULE D
COMPLIANCE WITH LAWS

List any exceptions to the representation and warranty in the second sentence of Section 2.2(m) of the Securities Purchase Agreement —
Standard Terms.
If none, please so indicate by checking the box: ˛ .

List any exceptions to the representation and warranty in the last sentence of Section 2.2(m) of the Securities Purchase Agreement — Standard
Terms.
If none, please so indicate by checking the box˛

SCHEDULE E
REGULATORY AGREEMENTS
List any exceptions to the representation and warranty in Section 2.2(s) of the Securities Purchase Agreement — Standard Terms.
If none, please so indicate by checking the box˛
Exhibit 10.2
OMNIBUS AGREEMENT
This Omnibus Agreement, dated as of February , 2009 (the “Agreement”), is entered into by and between (the “Executive”)
and Reliance Bancshares, Inc. (the “Company”).
WHEREAS, the Executive is a Senior Executive Officer of the Company, as defined in subsection 111(b)(3) of the Emergency Economic
Stabilization Act of 2008 (the “EESA”) and regulations issued, including the rules set forth in 31 C.F.R. Part 30 (a “Senior Executive Officer”);
and
WHEREAS, in connection with the purchase by the United States Department of the Treasury (the “Treasury”) of certain preferred shares
and warrants of the Company (the “Purchased Securities”), pursuant to a Letter Agreement and a Securities Purchase Agreement — Standard ,
between the Treasury and the Company (the “Purchase Agreement”), the Company is required to meet certain executive compensation and
corporate governance standards under Section 111(b) of the EESA, as implemented by guidance or regulation that has been issued and is in
effect as of the Closing Date (as defined in the Purchase Agreement) (collectively the “CPP Guidance”); and
WHEREAS, as a condition to the Closing of the Securities Purchase Agreement, Section 1.2(d)(iv)(A) thereof provides that the Company is
required to have effected such changes to its compensation, bonus, incentive and other benefit plans, arrangements and agreements
(including “golden parachute”, severance and employment agreements) (collectively, the “Compensation and Benefit Arrangements”) with
respect to its Senior Executive Officers (and to the extent necessary for such changes to be legally enforceable, each of its Senior Executive
Officers shall have duly consented in writing to such changes), as may be necessary, during the period that Treasury owns any Purchased
Securities, in order to comply with Section 111(b) of the EESA as implemented by guidance or regulation that has been issued and is in effect
as of the Closing Date; and
WHEREAS, in consideration for the benefits the Executive will receive as a result of the participation of the Company in the Treasury’s
TARP Capital Purchase Program, the Executive desires to modify the Executive’s Compensation and Benefit Arrangements to the extent
necessary to comply with Section 111(b) of the EESA, the CPP Guidance and the Purchase Agreement.
NOW, THEREFORE, in consideration of the foregoing and the covenants set forth herein, the Executive and the Company hereby agree as
follows:
1. Amendments to the Compensation and Benefit Arrangements. Effective as of the date or effective as of any calendar year commencing
on or after January 1, 2009, if any, while the Treasury holds any equity or debt securities of the Company acquired under the TARP
Capital Purchase Program, the Executive’s Compensation and Benefit Arrangements are hereby amended by this Agreement during such
and any subsequent periods as necessary to comply with the executive compensation and corporate governance requirements of
Section 111(b) of the EESA and the CPP Guidance, and the provisions of Sections 1.2(d)(iv), 1.2(d)(v) or 4.10 of the Purchase Agreement,
including as follows:
a. In the event that any payment or benefit to which the Executive is or may become entitled under the Compensation and Benefit
Arrangements is a “golden parachute” for purposes
of Section 111(b) of the EESA and the CPP Guidance, including the rules set forth in § 30.9 Q-9 of 31 C.F.R. Part 30, (i) the Company
shall not make or provide (nor shall the Company be obligated to make or provide), during the period that the Treasury owns any
Purchased Securities, such payment or benefit to the Executive, and (ii) the Executive shall not be entitled to receive, during the
period that the Treasury owns the Purchased Securities, such payment or benefit.
b. Any bonus or incentive compensation paid to the Executive during the period that the Treasury owns the Purchased Securities will
be subject to recovery or “clawback” by the Company or its affiliates if the payments were based on materially inaccurate financial
statements or any other materially inaccurate performance metric criteria, all within the meaning of Section 111(b) of the EESA and
the CPP Guidance.
c. In the event that the Executive and Compensation Committee of the Board of Directors of the Company determines that any
incentive compensation arrangement pursuant to which the Executive is or may be entitled to a payment encourages the Executive
to take unnecessary and excessive risks that threaten the value of the financial institution within the meaning of §30.9 Q-4 of 31
C.F.R. Part 30, the Committee, shall take such action as is necessary to amend such incentive compensation arrangements to
eliminate such encouragement, and the Executive’s incentive compensation will be determined pursuant to such amended
arrangements.
2. Miscellaneous.
a. This Agreement may be executed in one or more counterparts, each of which when executed shall be an original, but all of which
when taken together shall constitute one and the same agreement.
b.. This Agreement shall be governed by, and interpreted in accordance with, the laws of the State of Missouri,
IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by its duly authorized representative and the Executive
has hereunto set his hand as of the day and year first above written.
EXECUTIVE RELIANCE BANCSHARES, INC.
By:

Title: Chairman, President and CEO
Exhibit 10.3
UST Seq. No. 595
WAIVER
In consideration for the benefits I will receive as a result of my employer’s participation in the United States Department of the Treasury’s
TARP Capital Purchase Program (i.e. Reliance Bancshares, Inc.), I hereby voluntarily waive any claim against the United States or my employer
for any changes to my compensation or benefits that are required to comply with the regulation issued by the Department of the Treasury as
published in the Federal Register on October 20, 2008.
I acknowledge that this regulation may require modification of the compensation, bonus, incentive and other benefit plans, arrangements,
policies and agreements (including so-called “golden parachute” agreements) that I have with my employer or in which I participate as they
relate to the period the United States holds any equity or debt securities of my employer acquired through the TARP Capital Purchase
Program.
This waiver includes all claims I may have under the laws of the United States or any state related to the requirements imposed by the
aforementioned regulation, including without limitation a claim for any compensation or other payments I would otherwise receive, any
challenge to the process by which this regulation was adopted and any tort or constitutional claim about the effect of these regulations on my
employment relationship.
Date: February 13, 2009 -s- Jerry S. Von Rohr

Title: Chairman, President and
Chief Executive Officer of
UST Seq. No. 595
WAIVER
Program.
Date: February 13, 2009 -s- Dale E. Oberkfell
Name: Dale E. Oberkfell

Title: Executive Vice President and
Chief Financial Officer of
UST Seq. No. 595
WAIVER
Program.
Date: February 13, 2009

-s- David S. Matthew s
Name: David S. Matthews

Title: Market President,
Phoenix, Arizona of
UST Seq. No. 595
WAIVER
Program.
Date: February 13, 2009 -s- Daniel Jasper
Name: Daniel Jasper

Title: Vice Chairman and
Chief Executive Officer of
UST Seq. No. 595
WAIVER
Program.
Date: February 13, 2009 -s- Daniel S. Brow n
Name: Daniel S. Brown

Title: Executive Vice President and
Chief Lending Officer of
Exhibit 99.1
For Immediate Release

News Release
RELIANCE BANCSHARES, INC. ANNOUNCES THE U.S. TREASURY HAS INVESTED $40 MILLION IN PREFERRED SHARES OF
RELIANCE
ST. LOUIS, February 20, 2009 — Reliance Bancshares, Inc. announced today that the U.S. Treasury has invested $40 million in preferred
shares of Reliance Bancshares and their warrants as part of the government’s Capital Purchase Program. Funding occurred on Friday,
February 13, 2009.
“We are pleased that our application for these funds has been approved by the government. Although Reliance was a financially healthy,
“well capitalized” bank before receipt of the funds, we are now in a position to take advantage of a greater number of market opportunities,”
said Jerry S. Von Rohr, Chairman and Chief Executive Officer of Reliance Bancshares, Inc. “With these funds, Reliance is even better poised to
continue our lending activities to small and medium sized businesses and to consumers in the communities we serve, thus perpetuating
expansion and growth. We will continue to be a financial partner to our valued customers and work with them during these challenging
economic times.”
About Reliance Bancshares, Inc.

Reliance Bancshares, Inc., headquartered in St. Louis, MO, is a publicly held Missouri bank holding company that provides a full range of
banking services to individual and corporate customers. The company’s common stock is quoted on the Pink Sheets (www.pinksheets.com)
under the symbol “RLBS”. It currently operates 20 branches in the St. Louis metropolitan area under the name of Reliance Bank and two Loan
Production Offices — one in Tempe, Arizona and another in Houston, Texas. It also owns and operates Reliance Bank, FSB, which is located
in Fort Myers, Florida, with four branches in the Southwest Florida area. The company’s total assets as of September 30, 2008 exceeded $1.4
Billion. Reliance Bank’s website can be found at www.reliancebankstl.com
Forward looking statements

This news release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When
used in this news release, the words “anticipates,” “expects,” intends” and similar expressions as they relate to Reliance Bancshares, its
operations or its management are intended to identify such forward-looking statements. These forward-looking statements are subject to
numerous risks and uncertainties. There are important factors that could cause actual results to differ materially from those in forward-looking
statements, certain of which are beyond our control. These factors, risks and uncertainties are discussed in our most recent Annual Report on
Form 10-K filed with the SEC, as updated from time to time in our other SEC filings.
Contact:
Investor Relations
Sue Freed, Sr. Vice President
314-569-7208
sfreed@reliancebankstl.com

Reliance Bancshares, Inc. 8-K (Events or Changes Between Quarterly Reports) 2009-02-23

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Reliance Bancshares, Inc. 8-K (Events or Changes Between Quarterly Reports) 2009-02-23

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Date of Report (date of earliest event reported): February 13, 2009

RELIANCE BANCSHARES, INC.

Missouri 000-52588 43-1823071

10401 Clayton Road 63131

Item 1.01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement

Item 5.03 Amendments of Incorporation or Bylaws; Change in Fiscal Year

Item 8.01 Other Events

Item 9.01 Financial Statements and Exhibits

Exhibit No. Description of Exhibit

99.1 Press Release dated February 20, 2009

Dated: February 20, 2009

RELIANCE BANCSHARES, INC.

By: /s/ Dale E. Oberkfell

STATE OF MISSOURI...OFFICE OF SECRETARY OF STATE

ROBIN CARNAHAN, Secretary of State

CERTIFICATE OF DESIGNATIONS OF PREFERENCES,

FIXED RATE CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES A

RELIANCE BANCSHARES, INC.

ATTEST: RELIANCE BANCSHARES, INC.

STATE OF MISSOURI...OFFICE OF SECRETARY OF STATE

ROBIN CARNAHAN, Secretary of State

CERTIFICATE OF DESIGNATIONS OF PREFERENCES,

FIXED RATE CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES B

RELIANCE BANCSHARES, INC.

ATTEST: RELIANCE BANCSHARES, INC.

I NCORP ORAT E D T I NDE R T HE L AW S OF T HE S T AT E OF M I S S OURI

F I XE D RAT E CUM UL AT I VE P E RP E T UAL P RE F E RRE D S T OCK. S E RI E S B — 2, 000. 02 S HARE S — NO P AR VAL UE

T HE S E CURI T I E S RE P RE S E NT E D BY T HI S I NS T RUM E NT ARE NOT S AVI NGS ACCOUNT S .

FORM OF WARRANT TO PURCHASE PREFERRED STOCK

Issue Date: February 13, 2009

[Remainder of page intentionally left blank]

[Form of Notice of Exercise]

TO: Reliance Bancshares, Inc.

Dated: February 13, 2009

COMPANY: RELIANCE BANCSHARES INC.

[Signature Page to Warrant]

UNITED STATES DEPARTMENT OF THE TREASURY

Dear Ladies and Gentlemen:

UNITED STATES DEPARTMENT OF THE TREASURY

COMPANY: RELIANCE BANCSHARES, INC.

SECURITIES PURCHASE AGREEMENT

ADDITIONAL TERMS AND CONDITIONS

Notice Information: Jerry S. Von Rohr

Terms of the Purchase:

Wire Information for Closing: ABA Number: 081018888

Contact for Confirmation of Wire Information: Dale E. Oberkfell (EVP)

Capitalization Date: December 31, 2008

Holders of 5% or more of any class of capital stock Primary Address

William R. Stiritz 790 Briar Hill Road

If none, please so indicate by checking the box˛ .

COMPLIANCE WITH LAWS

If none, please so indicate by checking the box: ˛ .

If none, please so indicate by checking the box˛

If none, please so indicate by checking the box˛

EXECUTIVE RELIANCE BANCSHARES, INC.

Name: Jerry S. Von Rohr

UST Seq. No. 595

Date: February 13, 2009 -s- Jerry S. Von Rohr

Name: Jerry S. Von Rohr

UST Seq. No. 595

Date: February 13, 2009 -s- Dale E. Oberkfell

Name: Dale E. Oberkfell