Preview | Floating Rate Junior Subordinated Deferrable Interest Debentures |

TABLE OF CONTENTS


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ARTICLE I. DEFINITIONS		1
Section 1.1 Definitions		1
ARTICLE II. DEBENTURES		8
Section 2.1. Authentication and Dating		8
Section 2.2. Form of Trustees Certificate of Authentication		9
Section 2.3. Form and Denomination of Debentures		9
Section 2.4. Execution of Debentures		9
Section 2.5. Exchange and Registration of Transfer of Debentures		10
Section 2.6. Mutilated, Destroyed, Lost or Stolen Debentures		12
Section 2.7. Temporary Debentures		12
Section 2.8. Payment of Interest and Additional Interest		13
Section 2.9. Cancellation of Debentures Paid, etc.		14
Section 2.10. Computation of Interest		14
Section 2.11. Extension of Interest Payment Period		15
Section 2.12. CUSIP Numbers		16
Section 2.13. Global Debentures		17
ARTICLE III. PARTICULAR COVENANTS OF THE COMPANY		18
Section 3.1. Payment of Principal, Premium and Interest; Agreed Treatment of the Debentures		18
Section 3.2. Offices for Notices and Payments, etc.		19
Section 3.3. Appointments to Fill Vacancies in Trustees Office		19
Section 3.4. Provision as to Paying Agent		19
Section 3.5. Certificate to Trustee		20
Section 3.6. Additional Sums		20
Section 3.7. Compliance with Consolidation Provisions		21
Section 3.8. Limitation on Dividends		21
Section 3.9. Covenants as to the Trust		21
Section 3.10. Additional Junior Indebtedness		22
ARTICLE IV. SECURITYHOLDERS LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE		22
Section 4.1. Securityholders Lists		22
Section 4.2. Preservation and Disclosure of Lists		22
ARTICLE V. REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS UPON AN EVENT OF DEFAULT		23
Section 5.1. Events of Default		23
Section 5.2. Payment of Debentures on Default; Suit Therefor		25
Section 5.3. Application of Moneys Collected by Trustee		26
Section 5.4. Proceedings by Securityholders		27
Section 5.5. Proceedings by Trustee		27
Section 5.6. Remedies Cumulative and Continuing; Delay or Omission Not a Waiver		27
Section 5.7. Direction of Proceedings and Waiver of Defaults by Majority of Securityholders		27
Section 5.8. Notice of Defaults		28
Section 5.9. Undertaking to Pay Costs		28
ARTICLE VI. CONCERNING THE TRUSTEE		29
Section 6.1. Duties and Responsibilities of Trustee		29
Section 6.2. Reliance on Documents, Opinions, etc.		29
Section 6.3. No Responsibility for Recitals, etc.		30


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Section 6.4. Trustee, Authenticating Agent, Paying Agents, Transfer Agents or Registrar May Own Debentures		31
Section 6.5. Moneys to be Held in Trust		31
Section 6.6. Compensation and Expenses of Trustee		31
Section 6.7. Officers Certificate as Evidence		32
Section 6.8. Eligibility of Trustee		32
Section 6.9. Resignation or Removal of Trustee		32
Section 6.10. Acceptance by Successor Trustee		33
Section 6.11. Succession by Merger, etc.		34
Section 6.12. Authenticating Agents		34
ARTICLE VII. CONCERNING THE SECURITYHOLDERS		35
Section 7.1. Action by Securityholders		35
Section 7.2. Proof of Execution by Securityholders		36
Section 7.3. Who Are Deemed Absolute Owners		36
Section 7.4. Debentures Owned by Company Deemed Not Outstanding		36
Section 7.5. Revocation of Consents; Future Holders Bound		36
ARTICLE VIII. SECURITYHOLDERS MEETINGS		37
Section 8.1. Purposes of Meetings		37
Section 8.2. Call of Meetings by Trustee		37
Section 8.3. Call of Meetings by Company or Securityholders		37
Section 8.4. Qualifications for Voting		37
Section 8.5. Regulations		37
Section 8.6. Voting		38
Section 8.7. Quorum; Actions		38
ARTICLE IX. SUPPLEMENTAL INDENTURES		39
Section 9.1. Supplemental Indentures without Consent of Securityholders		39
Section 9.2. Supplemental Indentures with Consent of Securityholders		40
Section 9.3. Effect of Supplemental Indentures		41
Section 9.4. Notation on Debentures		41
Section 9.5. Evidence of Compliance of Supplemental Indenture to be Furnished to Trustee		41
ARTICLE X. REDEMPTION OF SECURITIES		41
Section 10.1. Optional Redemption		41
Section 10.2. Special Event Redemption		42
Section 10.3. Notice of Redemption; Selection of Debentures		42
Section 10.4. Payment of Debentures Called for Redemption		42
ARTICLE XI. CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE		43
Section 11.1. Company May Consolidate, etc., on Certain Terms		43
Section 11.2. Successor Entity to be Substituted		43
Section 11.3. Opinion of Counsel to be Given to Trustee		43
ARTICLE XII. SATISFACTION AND DISCHARGE OF INDENTURE		44
Section 12.1. Discharge of Indenture		44
Section 12.2. Deposited Moneys to be Held in Trust by Trustee		44
Section 12.3. Paying Agent to Repay Moneys Held		44
Section 12.4. Return of Unclaimed Moneys		45
ARTICLE XIII. IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS		45
Section 13.1. Indenture and Debentures Solely Corporate Obligations		45
ARTICLE XIV. MISCELLANEOUS PROVISIONS		45
Section 14.1. Successors		45


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Section 14.2. Official Acts by Successor Entity		45
Section 14.3. Surrender of Company Powers		45
Section 14.4. Addresses for Notices, etc.		45
Section 14.5. Governing Law		46
Section 14.6. Evidence of Compliance with Conditions Precedent		46
Section 14.7. Table of Contents, Headings, etc.		46
Section 14.8. Execution in Counterparts		46
Section 14.9. Separability		46
Section 14.10. Assignment		46
Section 14.11. Acknowledgment of Rights		46
ARTICLE XV. SUBORDINATION OF DEBENTURES		47
Section 15.1. Agreement to Subordinate		47
Section 15.2. Default on Senior Indebtedness		47
Section 15.3. Liquidation, Dissolution, Bankruptcy		47
Section 15.4. Subrogation		48
Section 15.5. Trustee to Effectuate Subordination		49
Section 15.6. Notice by the Company		49
Section 15.7. Rights of the Trustee; Holders of Senior Indebtedness		50
Section 15.8. Subordination May Not Be Impaired		50

Exhibit A Form of Floating Rate Junior Subordinated Deferrable Interest Debenture
Exhibit B Form of Certificate to Trustee

THIS INDENTURE, dated as of September 29, 2005, between First Charter Corporation, a North Carolina corporation (the Company), and Wilmington Trust Company, a Delaware banking corporation, as debenture trustee (the Trustee).

WITNESSETH:

WHEREAS, for its lawful corporate purposes, the Company has duly authorized the issuance of its Floating Rate Junior Subordinated Deferrable Interest Debentures due 2035 (the Debentures) under this Indenture to provide, among other things, for the execution and authentication, delivery and administration thereof, and the Company has duly authorized the execution of this Indenture; and

WHEREAS, all acts and things necessary to make this Indenture a valid agreement according to its terms, have been done and performed;

NOW, THEREFORE, This Indenture Witnesseth:

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

ARTICLE I.

DEFINITIONS

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